Don't Take Financial Advice From Broke People
01:28:41 Share

This is the ramsey show, where we help you win in your life. We want you to win with your money. We want you to win in your work.

We want you to win with your relationships. Triple ate, eight, two, five, five, two, two, five. Is the phone number to jump in?

We'd love to coach you up alongside George camel. I can common. And if you get questions about your money and we d love you, get questions about your work.

How about the income? I want more income. I want to start some, but should I do IT georgian, I will take those questions as well as we team up.

So I need to point out Georgeous play in hurt today. He's am so proud of him. He's hol brave. He's he's not feeling well. He's not under the weather, but he's you're flirting with IT just I think .

I didn't play in the third enough as a kid so you can look at me and guess that you .

but your plain hurt proud of you're gonna IT got the scientist issue doing this for amErica .

has your throat I think we're going to be alright okay I sound okay.

I think you sounds great. So we're hearing for George .

get the battle it's debate but he's .

gone to give you is all I know that in georgian I have a lot of fun if you're new to to uh know that we're going to give you the same answers and coaching you're used to, we're going fun this we're going to try .

to date the more you say that, less I believe you. So let's .

prove IT to oh, I see you got the snark already. Yes OK, that's why people come for George, right? Ambers up in huston, Amber.

how we help. Hi, how are you good?

How are you going?

Good, good. Um okay. So I own a home. I purchased five and a alf years ago. I ve purchased IT because I was pregnant with my sin. Um and at the time my son's father and I we were just dating, we never married.

Um I somehow um got him on the day of the home .

and knowingly at the time that's what was happening. I asked the Linda if he could be on the house in some way. SHE added him to the deed.

I did not realize that until two years in, when I refinanced my house and we were at the time ending our relationship, he moved out, and he has held the deed over my head since then and will not take his name off so it's been a few years since we've separated and we went through costly court and he told me that if I gave him full custody of our son he would take his name off the house and he I would would have no money um and then we had another mediation and he said if I paid them one hundred thousand and he would take his name off um so I am going to pay him to get off the house but what i'm trying to understand and is how much does he actually get? What is a fair offer? Um I know it's that's up .

to you in the lawyers. I mean, there's no there's no math form mula I heard you know what did he put down with the house when you guys brought? So he put nothing that he make. Hf, the mortgage payments he did.

he make half Morgan payments for the two years he live there and he helped pay the taxes for those two years. I would have offered him, yeah I offered to pay if he put in about twenty four thousand dollars um but he wants one hundred he said I will not take anything less yeah.

well, I I want to be able to dunk a ball. A lot of things I wanted life that i'm not gonna get.

He doesn't get to decide.

This guy is just a low life. He, he's an absolute gun bag.

yes. So I said as if I think of the fair offer .

I in appreciated uh yes.

IT has um I bought IT. IT was three hundred thousand now its fourth about four twenty five.

okay. And after all of your fees, I mean, you could maybe the lawyers decide or he's going to get part of the appreciation on top of what he put in, but no more than that, which is not one hundred thousand dollars.

He's only put in twenty four. I put together a very detailed spare chy. I put on the down payment, the earnest I paid everything to get into the home.

Is your name on the .

mortgage solely now? Yes, he was never on the mortgage OK. He was only on the deep. But he's holding IT over me.

That's what I want to dive into for just a moment. The psychology of this. yeah. Other than just closure? And what you shared so far is, is he being on this deed at this moment, causing any other real gree for problems in life?

Yes, IT is well.

because I want .

to move forward. I'm in a new relationship and were planning on getting engaged. And you know, it's really causing a lot of problems in my new relationship by having this tight to my past OK. And so I was going to tell .

you to wait out a little bit because I think this guy is just a one bag and I think he's trying to bully you. And I think.

yeah, can I think .

there's two tactics here, you know, you just go scored, start and and come with all the records and and get in front of a judge and let the judge decide. I think that's probably the one I was I was going to suggest maybe you wait him out a little bit, but with this new .

relationship on, we can help. You're going to need to get in touch with your lawyer. Do you have one?

I've talked to three o and they told me that we could go in system and mother and I told him I was gonna an attack. Y, he said, I hope that you do, and I hope dollar and equity to pay for these attorneys and you get nothing good.

Well, when you win, he's going to have to pay the attorney fees that can be part of this deal. So what you're going to likely go for as a quiet title action, which will resolve the this dispute over the property ownership. And so that again, i'm not a lawyer but that I would pursue that action. That's the only way to force him to sign something.

Yeah, but I do have a lot of evidence. I mean, he when we went through costly court, he would record conversations that we would have that I did not know, and he would talk about the house and said when I buy my house and I moved out, I will sign my name over. But I have a lot of evidence to show that he is very much that he would take his name off and want to know money, you know, try to bribe me and to give .

you .

guys going .

to live in this house, to seen that you get this x off of this thing. What's the plane?

Well, I would like to keep my home. You know, it's got great. School is a great house. And so we would like to give him off and then you know be able to move forward and make decisions without having .

to go to closing with him. And I I was just I am fine.

yes. So he he has a house and he must to sell his house and pull equity out of his and we want to keep mine um and then you know be able to make decisions after that. But yeah, it's kind of been a headache to be able to make any decisions.

Three lawyers go to interview one more, and you need to put them under under the microscope of what would you do? Tell me what your next three steps are. How much time you think was gonna take? Tell them about his threat to try to draw this thing.

I wh, why do I think he's full of crap? Because if he tries to draw you out, he's gonna have to pay legal face. So I wouldn't be scared by this punk.

this guys a punk, and i'd keep the particular records and all the events, everything he said. He's going to do, text messages, emails, phone calls. This is not going to be fun.

I hate you're going through this, but it's part of the messiness when you get involved with someone you're not married to. And I hope you don't repeat that with this next guy. Hope you wait until you're actually married to add him to the mark of the deep.

This needs to turn into A P right now all of the Young people that are listening, I guess all jn, you're thinking about buying a house and you think all IT doesn't matter to dot the eyes across the tears. This story, I hate this, that Amber is the poster child. For a while we say you'll do this.

I would not buy a house to anyone. I'm not marry to family, friends, boyfriend, girls. End, if we are not legally laugh fully what did no, thank you.

It's going to cause chaos down the line and financial and legal mess. And that's the calls we get on the show. So if you need any further proof there, IT is.

And if you are due out there who thinks that what this guys doing is okay and you think you want to do this, can I just tell you something? You're a turd and this guy, this guy needs A, I needs a visit with with ball bad, will pick about cattle, will do some damage, but not really hurt. This is the anzy show.

Mortgage rates have dropped. So if you're thinking about buying a home in the next year, contact your local churchill mortgage team. Right now, if you wait, more people will be in the market competing for the same homes and potentially driving up Prices. Churchill will help you do the math to be sure your budget is correct, making your home a blessing and helping you build lasting wealth. Learn more at churchill mortgage dot com, churchill mortgage 点 com。

This is a paid advertisement in M L S I D one 1， one sumer equal seventeen and forty nine meller lanes weet one hundred rent once in the sea, three, seven, zero, two, seven.

The Randy show continues. Throw the heavy weather s longer. George camel, I can common tripoli. Eight, two, five, five, two, two, five. Is a phone number to jump in? I can't believe i'm saying this, but the early black friday sale is here. I not I just don't like where we are at as a culture, to be completely honest, that we got to have an .

early black friday, but you're trying to get IT knocked out right now. If you're shopping up black, right.

you're too late. See, there's the problem. This is this is a sign of the apocalypse. At what point do now we go pass early black friday? Have you seen the .

movie with our church and eager, and he trying to get the toy for his kid? Yeah, that's what I feel like is happening in today's world.

really. So hey, rainsy, lucendo not start the problem, but we're going to meet you where you are. So we've got an early black friday, say all you can tell i'm thrill about IT.

We get your hard cover books, uh, for only twelve dollars. The audio books, for only eight dollars that's a really good deal uh for insist mony's on a math problem by a friend. Jay war shows on sale right now. Total money make over the g is on sale and so many more great books go to range these solutions outcomes lash store to check out all the Christmas deals, rather the solutions that come slash store. You can click the link in the show notes if you are on youtube .

or pop of the we are down lots of good things .

that show notes. Let's go to rally north CarOlina at Kennedy is joining the Kennedy. How can we hope?

Well.

we're have a blast. What's going on with here?

good. So what I asked the girl when he called was I just graduated last october. My Cosmology and you guys may know.

Or like your wives, like IT takes a while for like a contained to build up ah so you're not like a guarantee pay. You know every two we wants them, you're kind of just step out, especially as the Christ just step out. I just know when that I going to have this week. I get, but not having a fit paycheck for tod grocery rint for the sloan rint for my house because me, my sister, are just going to move out to come up saturday into a house right down the road from my parent. So learn in jaad of budget everything, but also I don't know what I make him a one week to the IT.

How long have been? How long you've been doing here full time?

It's march. I started writing the ring is four fifty. I have a girl that rate the other thoughts I write, the whole building SHE is three hundred months. I just have to pay when at a pocket. So i've been paying that two months ago, but i've been doing here since only.

So what have you been average since early much? What have you been averaging income? What's that look like?

Um I want to say that I would go over six hundred dollars from the song that I make each month. So I would say somewhere between one, fourteen, sixty, some yet some months they can be closer to a second.

How are you surviving much? Well, low poverty level .

IT is well below. So not really like I told you, the rent for that place is want to see. So I ve been living at home. My car is played for. I don't have any payments that are going out. So just moving out, marion, each month is I know you guys are going to like marine um is three seventy five for the health and one fifty for the mommy and daddy told me, they said I know that you don't have enough but because of the health, IT was a good friend of my dad. My dad wants to venture bought that he said if you you know budget and your smart was that he said, me and mama got this whatever there's any like but he said if you and solar won't to move out he said, I think that would be a good idea he said he does would like to go head and go IT will cover everything ill as long as you guys are out shopping and blow mommy and dad.

you're going to pay your rent if you move out, they will pay twelve hundred a box no.

So I don't pay twelve hundred.

I'm saying if you moved out no, she's really told theyve moved into a house .

as three seven .

that was a friend of their dads and the rest three, seventy five for both you and your sister.

Yes, sir.

all right. But still I mean, so here you've put lipstick on a pig. I'm telling you we're still absolutely you had no money even with that rosy .

pick .

you just gave us yeah so I don't I mean, I feel like it's the wrong. I mean.

Regular income. But right now I can sing it's not enough to pay the bills. And so we need to get something more stable because right now, let me tell you, the math is you are making three dollars an hour.

Yeah, count three. Yes, there is no job in amErica paying three dollars an hour. You somehow found IT. And so you need to go get other jobs while you get client tell. And if that means word of mouths and I get him on a schedule, great. But we're not going to sit around this allah for seven hours a day hoping we get a single client.

Yeah, you would be Better off. Go ahead.

So I do have a part time job. So work at a grill that is brought down the road that much long were out the center and work great on the other little small pounds in between my my house.

How much money are you make them off for that?

That's no more than one twenty away.

Again, you are one .

shift at the girl.

the bill. There's nothing funny about this, and you are just broken up. You are truckling your back off on the other in the phone, and I don't know how to say so we heart like this is awful. You need to make more money. You don't make you any money at all?

Or is anyone doing .

the long work full time in your area?

Well, the girl that risk for me SHE just graduated to so SHE were both going full time, but build in a clip.

But you just told you live in this live in this little, tiny, tiny area out the millstone. Ks, is that I .

heard not analytic, but I definitely is not like like i'm around hour and half from really more .

towards the date podestas. Pt, is that yeah I think you need to be moving into rally and get yourself a full time job at a very successful salon like you've got to make some moves because I just don't know how much cry until you can build in this little place that you're at in my right yes.

that that we to steal everybody else's.

And now we don't want tell you what I can imagine. Go this barbera Kennedy. You work for a place .

that's booming ing. You build up your client out there, and then eventually you can go out on your own and those people will follow you.

Yes.

that's what I did when he kicked. He started off on his own, left his old place that was had kind of giving him leads, if you will, given him the client tale. And then he moved out.

And so that's what I think you need to do. We need to stair step this and to to just gone well, hopefully I have you seventy people on the books in a few months because it's been it's been a while. It's been six months and we're still making a few hundred .

times a month yeah can you do anything else besides cutting here? Like, can you do nails? Like, who's doing nails in that little town?

Well, there's nobody that does nail. And people, they ve asked a lot, would you do that? I know I could, even though that's not.

I throw .

that out there as a helman. And I threw a touch sale past, start a nail salon this afternoon, or do in your living room for crying little small town, these women, their nails done. We talk king in your hands and feet. That's that's money. Yes, sir.

So if you .

can do IT do IT like my point is, what you're hearing from georgian I is, they appreciate the budget question, but in order to make a budget work, we must have something to .

income budget.

Yeah, I would start doing nails. And if I, if I could be the person in your little town that does nails, then i'd grow the hair thing to a boy boy.

And this is a word of mouth business. So maybe you do a referral bonus. If .

they sent in, tell to get their nails done.

what were on at? That's where they all come because so the closest can be driven twenty, twenty five. So I got some lady who retired, I got some a heart point, but he had a couple girls in there before me, but because they would all quit and all her class is he had a good amount of people probably you know, he was booked up. SHE told me he was book up every day, so I get first reaction.

Priceless said, people have told me I need to nails. So I think we found next business for you and then you .

can exchange .

your move unless you move away. Right now.

you don't have the luxury of doing whatever we've got to find the thing that's gonna the bills. Then we can expand.

I tell you what, if I live in that area, I would invest in her. I'd go, what does that cost? what? What do we call? What do we need? What's to start up? How much nail policy would we need to buy?

Kelly, to get started, i'd want to know. And i'd go, we're starting in today. What do we need? A couple of chairs. I want to buy the chairs.

I need a little top with some water.

I know my wife, I, but I think I. Would go to this .

is the really.

Show this shows .

sponsored by Better help this month is all about gratitude, and most of us have people in our lives that were grateful for. One of those people for me is the wonderful maryland fan in SHE gave me a chance. He joked me, boys and professionalism and SHE chAllenged me.

But there's one person that we often don't take time to think ourselves. We don't always acknowledge that we're barely surviving or that we're moving forward or that we're working towards a Better life and Better relationships. And in a world where everything seems to have gone bonkers, it's not always easy to be grateful.

So here's my reminder to thank the people in your life, including you. And sometimes to do that, we need some professional help. We need to talk to someone trained to help us discover true gratitude for ourselves and others, especially in the holiday season.

That's why I recommend Better help, Better help us. A hundred percent online therapy, and you can talk with your therapies to just about anywhere. So it's convenient for your schedule.

You just fill out a short online survey to get match with a license theriere, and you can switch therapy at any time for no extra cost this season. Let the gratitude flow with Better help. Visit Better help.

Dot comes less dlouhy to get ten person off your first month. That's a Better help. H E L P dot com slash colony.

Welcome back to the ran zy show longside George cammell can comment. Excited to have you here with the folks triple eight eight, two, five, five, two, two five. Today's question that is not by why ref I Y refine refinances defaulted privates to the loans.

Defaulted means when the borrow kin make the require payments. So if that describes you and your privacy student alone, we'd love you to contact why refile they can offer a low fix rate loan built for you. Go to why refind dot com slash you today.

That's the letter. Y, R, F dotcoms lashing IT may not be available, all states. Today's question .

comes from clare and illini. My mom has asked me to pay twenty thousand dollars for a parent plus loan. My parents had planned to pay a good portion of my school debt so I can be financially independent and set for my future.

As I was going into my last year of college, I paused school to take care of my dad, who was ill. I also worked to save money to go back to school. My dad passed away and thinks have changed for us financially.

He was the bread winner, and my mom stayed home. SHE does not have a very well paying job now. And as additional debt about sixty thousand, I still owe ten thousand on my student loans.

SHE also wants to charge me rent while living with her. After graduation, I have a job ready once I get my degree, but I was hoping to live at home to get my financial situation set for my future. The average income for the career on pursuing will be forty five to sixty k.

Am I wrong to ask her to pay her portion? Who loaded question here? Man, there's been some trauma to the family.

Feels the slot attention.

There was a lot of plans my parents had planned. We plan. We planned. Well, dad passed away. The planes changed. And now with mom's asking you to pay for this parent plus land they took out for you, and the parent plus loans are tRicky because parents are cosigning for their kids with a very high interest rate, and so they are very difficile to pay off.

And if you didn't agree ahead of time and who's gonna IT gets messy so sounds like they said, hey, well, we'll do. The parent plus one will take care of IT. Now mom is in a different situation.

She's broke and stressed. And so I think, you know, we go, mom, i'm going to take this on my shoulder. IT may set me back for where I wanted to go, but it's the right thing to do for the family.

Yeah, that's my take as the daughter and I go, right? This was alone for me for my degree. You're probably going to making more money with than mom is. So I would just go, alright, when to pay my share as I can.

I agree, I would't disagree at all. I think now attention about I wanted to leave home and not pay rent. Mom making me pay rent. I would also, you know, get over that too, because if mom, if mom wasn't there, you didn't have that suppose safety net.

you'd have to be paying rent punishment.

That sounds like mom needs the money. I agree. All this is gona require some mature conversation for sure.

So reminder, for everyone out there, get term life insurance in place today. I know listen, there's no state can that says you have a higher chance of dying. If you get turn life insurance in place, there's no correlation.

So get in place because you don't know what life's gona throw at you. And IT can cause a really difficult situation for your family if you do pass away. So ten, twelve times your annual income, a fifteen, twenty year term should do IT to get yourself insured by then. And head is ander up calm, and they can help you get that set up.

Alright, tribal ate eight, two, five, five, two, two, five. Is the phone number back to the phones joining in a grand rapids mission and pay charcoal help?

Hi john. Can yes, I wanted to reach out. Um I just start my journey. I just got introduced to the show and everything. So at this time, my journey pay off that um the only problem you know I have a question and posters asking for some guidance here um how should I introduce this goal you know of being get free to my husband he is a farmer. He'd also work full time. He's also know farmer outside of work um and that tends to be you know him purchasing a lot of tractors, parts and equipment to the farm .

and he's going into dead for this .

um currently he only has one loan out for a character but he likes to curtis a lot of the older tractors um that need a little work how much is he .

making off for this farm?

Um that I do not know um i've access .

that you guys have separate finances.

What's that?

I have a sense that you guys have separate finances. You ve got your accounts and he has his accounts.

Am I right? That's partially yeah. We do have a joint account that we can just throw money into.

The joint account is here's what i'm comfortable sharing as part of my life and the new of separate accounts ago. This is none year business, right?

I'm my own man. I'm prety pretty open and like the step that I have. I don't really have much a but he's not and .

he's not you just told us he was .

yeah yeah you're just track .

like this is just fantastic, Normal everything is .

my husband lls me what .

he's gotten his account I don't know how .

much daddy is I don't know what he makes and am on my journey. You said my journey that sounds like a solo journey you're to go at pray, love .

horrod mood, but slightly bad. I'm great mood. I'm in a great mood today. I we're not trying to be dark, but there's nothing funny about what you're telling us.

right? nothing.

And I think you're laughing not because you think it's funny. I think you're straight, worried about IT your nervous.

So what first of all, welcome. I also laughed on the pain.

right? I get IT. Um my therapy is seeing the same thing to me before. H do you find that funny and then I meet you and yeah but know, here's the point page trying to get your attention. So glad you call this.

The heart of the question is how do I introduce this to him? And um you're going have to introduce this to him, not as a demand because you guys you're already literally on separate pages. And so I think this has gotta be a secondary conversation, George.

My take is we bring up the rampy way in all that as a secondary item to what we believe is fundamental, the most important conversation. And I might suggest marriage counseling on this, even if he doesn't feel like, and you don't have to go away. I'm believing you.

You're not threatened anything. I don't since that from you, you're very sweet person. I think you're very positive person.

But I think this has to be a, hey, you know what? I'm rethinking some stuff and blame me on us so I really listen the reins to show and actually called and and these guys George gan kin said that they uh for decades h through this company and through this program recommended that married people have joint financiers. And here's a reason why and do we have an article or something, George, that we could give her.

I know we've got some resources that we could give her where he could kind of read IT and set her up for the conversation. But I would like to give her that if we can do that, and Kelly will help you with that, i'm sure in some sort, some way. But I think that's the first part of the conversation.

George, what do you think? Well, you want to lead like cancer. You don't want to be on the attack.

He's going to shut down like he probably has before and see you want to lead with eyes statements. And then with we statements, not with you, you need to be more transparent. I don't know what's going on with this farm of.

You need to say I don't feel safe financially. I don't know what's going on financially, and I think we could do Better as a family. I want to see us build wealth.

I want to see us have margin and options and freedom. And to me, that means debt freedom. And i've been falling in these these folks are ramsey, and it's a it's a common sense show.

And if you're farmer, you're probably a common sense kind of guy. So I would try to level with him in the language he understands and then go into i've been learning about ways we can handle money that make life a lot easier. Can I show you the plan and maybe watch a video, maybe read a book, my book breaking free from broke, or go through financial piece university.

So what do, what do you think about this and start the conversation where you leave IT open instead of a tight, angry conversation? But you also need to lead with the why? Why do you want to do this? What is the emotion that's underpinning all this? And if he loves you, he Better care when he sees you opening up about this.

And I assume he does, yes, okay, no. Then IT becomes, okay. What's the game plan? Now we both agreed this is where we're at.

This is the reality, this is where we want to go. And now wishing to line that this is the best plan to get there, that parts easier OK. It's the first part that's onna be more difficult. These hard conversations where he is intended to shut down.

let's load them up, show we George, here's what i'm thinking. I'm thinking financial peace get get connected in that. Let's get them break if you from broke your great book, let's also do the og total money make over. And the reason we want to give you these things pages because if you just start going ham reading and i'm watching this youtube ity and you share with them, he may think it's a fat or bad pizza.

But if you continue to bring IT up and talk about IT as a part of this, hi, I want to skin on the same page here is why I think that's gona lead to the ultimate conversation, which you don't want to have any debt. So hang on the line, going to take a really good care of you page were excited to have you here. Stay with IT.

Don't guilt him. Don't nag him. Just dive into IT.

And I think he'll get to IT at some point and he's a comment since guy and I think you'll you really eventually get to this point. We us, oh, this makes a lot of sense. So hang in there. All right, quick break will be right back with more calls. Is the rain show?

Hey, you guys, i'm not a fan of the big banks. You probably already know which ones. I mean, but I do like credit unions because they are non profit organizations that focus on their members.

And i'm proud to endorse fair winds credit union because they share the ramsey mission of helping people get out of that and live generously. In fact, they design products to help keep you from going in to that in the first place. Fair winds has been in business for over seventy five years, and they serve hundreds of thousands of members worldwide.

You can feel secure because your deposits are federally insured by the in C. U. A, up to two hundred and fifty thousand dollars. It's easy to join.

And fair winds partners with more than five thousand credit union locations around the country, so you can bank in person wherever you live. But if you prefer the online experience, you can log on to fair wins and do anything you could do with a physical location. So go to fair winds dot org e slice ramsey to learn more.

And while you're there, look at the combined checking and savings account bundle they created just for ramsey fans to help you take control of your finances. That's fair. Wins F A I R W I N D S dot org slimpsy.

Look back to the rams y show alongside George camel. I'm k coleman. Throw to have you here.

We're taking your questions about your money, about your income, your work moving up and your relationships, and always thrilled to have you folks with us because we do this show for you. Triple, eight, two, five, five, two, two, five, five, eight, two, five, five, two, two, five. Let's go to miles and fresh. No california miles. Can we help?

Hey, good afternoon, guys. Hey, I had a quick question about paying off my student ones I have about the fifty five thousand ways to pay off. I have the funds. I just want to pay IT all off at once, but fail members like don't do that, just do big chance at the time. But if I have enough cushion after I paid off, I just wanted take care of IT.

Do you have enough question?

Well, I guess I in my standard, I do. So I think after I pay off my loans, my family, I would have them thirty five thousand left after that.

yeah.

it's no brainer. When you say my family, like who who are these people?

Oh, my wife and my and we have a daughter that's almost two and then my wife playing right now.

No, no.

no, no. You said, who's who's telling you not to pay IT off? Is your wife or like in long?

No, no, no. In most like parents, they say, oh, just do IT change .

at the time OK do they pay your bills? Now they do not. Why are you letting them have a vote in what you do with your money?

Uh, I did. I think I just tried to a big decision like this. I try to get as much of question as possible. And then, you know, sometimes that kind of backfires .

yeah but you know the answers, you respect them. And so that's why you call IT us, uh, presumably respect us as well.

I would hope you not. I know how.

I don't know how. Yes.

I think so. It's going to set up your family for success by paying off .

alone and you have thirty five thousand dollars worth of cash left over. It's not like you're down to zero and even know we would tell you pay IT off, keep a thousand dollars in in your savings for emergency fun. But this case you're in great shape.

I paid IT off as soon as a phone coffee. I want you to do. We're on the phone here.

I don't even understand their financial argument for why to pay off in chunks. We don't care.

We're not even to discuss because .

it's not you make a make no sense.

I love your question. Do they pay your bills? I was going to ask, do they tell you what to wear today? Are they do a meal planning for you?

They don't know. I do all that now. I take care. My family.

I know you do miles, you know why you call this because you're gut and everything in use told you to have a backbone and do what you want to do but you thought, well, i'll call these two guys and see .

what they that it's like being in handcuff and saying, chain, all one so many you want to just take no powful link here, a link that just get rid of a man it's not doing any favors what's the total payments at up to for these two loans every month?

Seven hundred months? ridiculous.

You just gave yourself a race and miles and I right, you wanted to do this, but you call us for one last opinion .

that's extracting what I was then.

Do what you were going to do. Georgian, I agree with you. It's not you agree with us paid off and act. I'm putting you on hole right now because you need to be painted off now, every go inside two minutes, go out to the .

website and hit pay. If this were a video call.

like if we did that, we would have him go right now and in front .

and watch him do IT a to celebrate .

the yeah we then we'd make a sarky video to his parents and his in law.

I hope they don't. I'm not trying to this for respect. No, i'm kidding.

Of course, we wouldn't do that on .

rub in their face. I'm sure they're wonderful people. But again, it's his financial life. He's paying all the bills. He's gonna one with a freed up seven hundred dollar payment .

or I don't know that i've ever respected your sark more than what you just did.

I do the crazy one, and I so common sense that it's now insane. No.

but I thought I loved you. Just want, do they pay your bills? I mean, your chAllenges.

Od, wow, he chAllenged miles. You're the only guy that i've ever known to get chAllenged by George on the man. Ale and georgia just did IT.

So add that to my resume. Put that on my link in guys. Miles.

I hope to hear you hanging up on a here momentarily to go pay the soft. I still see you in the cure's. Nothing else to say, my friend. Or moving on the page, page is joining us in kinds of city pay talk will help.

Um yes, okay. I didn't think i'd be nervous actually like go, George gets us all the time.

Everybody's nervous to talk to George. Just act like you talking to me on the every man. What's going on on sounds good.

hey. So we are military. We're getting ready ready to move the next six months and will be buying um what are you are third home that we've gotten builded moves and James briefly mentioned like that he didn't finally agree with like A V A loan but he wasn't that kind of um and my so my question was like we will be doing parly fifty percent down payment of the equation our current home and um looking to do a fifteen year mood so still like I guess what is this reasoning behind the V A one but IT no good question job.

Well, generally, when people go after these va loans, they do that because there's virtually no downpayment needed, no P M. I and no minimum critical. And so people do IT because truthful, their broke and IT allows broke people to buy homes, which makes them broker.

And I hate that for our veterans. I think they deserve more. And on top of that, there's funding fees between one point two five and three point three percent of the loan amount, which can make your overall payment and overall interest higher. And so a lot of the times that just seems like, wow, what a benefit i'm getting and you're actually not getting the benefit.

You think there's also strict property requirements and so you also have no equity when you enter the home, which is risky in a market like we've seen the past few years where IT hasn't been gangbusters like I was years before now in certain situations which might be yours with fifty percent down and if you have a service connected disability, you can get the funding he waved, which can make these a decent option. Is that you guys okay? Well.

no, we don't have worked his activity. okay. Um so we don't have we wouldn't have that. I didn't realize that was attach to the one.

So here what I would do, I would contact your friends at church hill and have him run numbers. Hey, I want the fifteen year fixed rate conventional, and I want to see the fifteen year v alone with our downpayment among and our home purchase SE Price. And they'll show you the numbers theyll, show you what the closing costs are, what your monthly payment will be.

And i'd encourage you to go with one that makes the most sense, that has the least amount of fees. okay. So if that's A V A one, IT might win in this situation where you go. Okay, that makes sense. But you might find the fifteen year conventional with your down payment where you guys are at might be .

the Better deal OK. Yeah are all about .

it's not a never it's just that people who tend to train told these loans have nothing down and their and they're about to take on way .

more than they can show.

Yeah thank you for your and seems like they've done IT right like just .

fifty percent down.

That's a laze course that were in equity and they didn't get upside down and too much going on in their .

previous stops didn't hang to the properties. We keep IT as a little distance landlords because that smart and you get three mortgage.

I could tell you had a warm feeling on your face when he said fifty percent down and a fifteen year mortgage. I mean, that did you don't get that question very often. And on the show I think about this, George, how about fifty percent down in a fifteen year mortgage? You probably thought you were being pumped.

Honestly, that is a very rare situation to get. Most, most of the time it's, hey, we can put three percent down on a thirty year. That's the calls we get.

And they have a bunch of debt, no emergency fund, and they think, well, home ownership is the right next step because everyone told me. But all my family can said, we get a White house. What are you doing? Why throw money away and rent? I'm tired of that rhetoric is causing a lot of people to stay broke .

and become broke. Going to hit you with a post election. A question see where you had is that you've seen more, more trades or at you're watching this stuff all the time. Take back up a little bit.

Yeah do you have a do you have a gut of feeling about the real state market in general for our audience? Because a lot of people think can do that by now? You know that is kind of moved.

Another counter point didn't do much. What are your thoughts on real estate? And should we buy?

Should we be sitting? I think rates won't change drastically over the next sixty twelve months. So if you are set on the sidelines waiting for some magi C2Because if thi ngs do cha nge dra stically, i'm guessing home values will Spike up, even afraid to go down.

And so you're not gonna really get a benefit. So if you're ready to buy home, you're at a dead with an emergency fund and a down payment. Go ahead and buy.

Don't wait until you trump, you know, gets into office in january. I don't wait for the housing market to do a special thing. Just buy when you're ready and don't let anyone .

else influencing answer.

But I don't think anything dicks in to happen. Yes.

it's might take I love IT that's essentially your tiktok of the deck because, you know, people out there watching all this stuff and I thought, I want to see what you're thinking. Clip that to your tiktok. There you go, tiktok. Tiktok, we ve got to get out of your good hour, George. Always good, held up good.

I got a cantankerous but joyful spirit.

absolutely. This is the reanna show. Do you ever .

feel like you're finally making progress, told your goals, only to get quickly distracted by something else in your feet? Well, that's why we created the ramsey network, your single source for content that keep you motivated. The m zy network, APP, is designed to keep you laser focused on reaching your goals.

Loaded with over seven thousand hours of ramsey shows. This free APP is the best place for uninterrupted content and no distractions. You can search specific questions to get more personalized content in seconds, so but the days you needs of extra motivation, you'll have proven advice at your fingertips.

It's time to get serious about your goals and shut out the distractions for good. Simply search ramsey network in the APP store or google play. If you're listening on a podcast, just click the link in the show notes to download our free rampy network APP. Today.

this is the razi show where we help you win in your life, specifically with your money, in your work, in your relationships. Triple ate, eight, two, five, five, two, two, five is the phone number. We would love the coaching today.

Triple I, eight, two, five, five, two, two, five. I can callon. George camel is along side in his snappy gap, kids and .

coat and chh by gosh.

thank you. It's a good guess. This is the Better brain been own quality. It's good stuff. Tray is gonna art to solve this sour and cleveland, ohio try how can we help today?

Yes, sir. So me and my wife have an a bit of a disagreement when comes to a rental properties. And we started off given into real estate about five years ago. We purchased our uh first first house and turned IT into a duplex.

Um and her her parents have been in the real state industry for like twenty years and and they have a specific way doing things recently discovered a day ran zi and you know china remain debt free while building wealth and you know SHE is more long lines of point getting a he lock to snowball um being able to purchase more properties. But i'm more online of you know just save money, pay for IT with cash because if you do that, he log well, yes, you might able to buy more quickly. You're not really building wealth. You're just building dead and at risk if that makes them right.

So you know what you wanted to, we're gona give you the same advice you would give your wife. You have a Better chance of convincing her. Why is SHE not convinced that as he just so story at the, uh, what's gonna en with this property and all the money he could make.

well, I think SHE SHE trust her parents because her parents have been doing at that way like the twenty years, and they are more tour to the end of, know they have a couple dozen properties. And now that about everything's getting the point, words paid off things the the big dollar science at the end of the and I guess trying to explained her that you can still do that but with out the risk in paying cash SHE just yeah he wants the expert IT with .

the show time and to her that's the headlock with a variable interest right that puts your homework risk.

How much of a conversation have you had around the risk part? But IT feels like i'm a take a guess tell me from wrong here today. My guess is because that's the way her mom and dad or he's done IT SHE loves her mom and dad SHE looks up to the massive respects, so they have huge influence. But because of that, she's never even looked at the downside of this. Is that true or false?

Um it's true but you know I I was I grew up in a very poor family and i'm like they had made the best financial decisions in the in our marriage. And unless we've pack kids, i've try to change the way I do things. So you know even though I might have some good points, there's maybe A A A trust thing there that uh, IT might not be okay, but that okay. So you're saying .

he doesn't trust your opinion .

pretty much, okay.

but that's really not the question that I asked, the question that I ask you have. You SAT down with her and talked about the risk of all of this and walk through IT and forced her to confront, and I want I say, force. I don't mean in your attitude, in your posture, but just confronting her with, hey, if this doesn't go because you were laying IT out beautifully a moment ago.

I just wondered if if you've actually SAT with her and showed her a worst case scenario, because that's what we would do if somebody called, if body called, and ask George that question, should I take a he lock out to get in to the little game. He would walk through all of the risk. And i'm wondering if you've done that with her and .

you said no.

is that true?

Yeah playing IT on us. But I don't think that has that heard trusting you has anything to do with you make in a good case, these are facts. George, what would what would your three or four talking points be for him if you were coaching him up and then go on out? Try headed into the kitchen.

She's waiting for you. Well, most people are either motivated, motivated by the math side or the emotion side. IT sounds like he is against story ed, with the math on paper going trade. This is a no brainer. This is a no lose situation.

right?

Because she's never gotten burned on a real state transaction and maybe .

her parents have in and she's very kind .

of stuff to her parents part.

So there's a year because .

I haven't been burnt in the past. Everything is onna be fine in the future. And dave tried that.

He went bankrupt, doing really estate the risky way. And then he restarted and went, right. I'm only going to pay cash from my next investment property instead of short cutting IT.

And if IT takes longer. But listen, when you get there, that thing cash lose amazingly with a hundred percent equity, and then you can roll that into the next property in the next one. And you move slower, but you move with less risk.

But that sounds like he is convinced her parents way is the best way. And therefore the math may not work here. And so you may need to go, listen, i'm a part of marriage.

I have a vote i'm not come from and moving forward this in putting our home at risk with a variable interest rate headlock, with extra fees on top of that, let's just move slow. And if that means we're not real estate moles by the time or forty, so be at we can build wealth despite not having seventeen rental properties. But truthful people who are in the real state like that, their risk meters broken.

They generally don't have a lot saved. They're not putting money away for the time, but they're just hoping the next house deal works out and that, that will provide them the retirement income. But we get the calls when they took out the he lock and things didn't work out. And so I would encourage you to show her some of those calls from the ramsey show. You can just google he lock rental ramsey on youtube and probably find seventeen calls or things on sideways.

What do you think of about that and try?

No, no, I I like that. I like that a lot to say, hey.

where you watch this lip stories, watch this clip with, well, that's not going to happen us.

because i've figured IT out we're going to do IT the safe way. And the truth is he looks at risk. Your life and your bank can take away your home a few mister default on a payment.

And the other thing that i'm concerned about for tray is that all of the stuff were telling me, I think is potentially effective. The chAllenge, George, that i'm worried about for tray is her mom and dad, if they're cheerly did. On the other side, I don't know.

You don't get all of think you are the bad guy.

IT. Is that is that possible that no matter what you say, they're cheerly done the other way?

The only result is that he drives a wedge in your marriage. That's, and I think that you make this conversation bigger than that and say, is not about the heloc. This is driving a wedge in our marriage where mislay on our strategy for building wealth for the next twenty years. And I want to get aligned on that before we make any moves that might take some time. I don't know that there's a one conversation .

that such marriage there be there because here's the thing, the hold that your in laws have on your wife is massive, massive.

And what does he think this next house is gonna. Is this just a stepping stone to get another he locked for the next one?

Yes, yes.

Do you see where this is going? This is going to be an endless chase of more for what? What is the reason? I wanted .

know why?

Because her mom and dad.

because mom and dead, they've got. I want to like someone, how much he loves her mom and dad, how much he respects them, plus mom and dad have a couple of trophy. This is a tough situation .

for here's an idea, when mom and dad passed will inherit their real state portfolio boom. We don't have to risk our life right now. Let's wait, will and hear their hard work. And we don't have to put our lives in jeopardy over the next house that's going to make us wealthy.

Tough, tough conversations. Come in for try. Hang in their man. Share your heart all the line, because this going take a while. I have a feeling this is the remi show.

Hey, guys, this is racial cruise for helix sleep. And I gotta say winston and I love our helix mattress. Winston likes a firmer mattress than I do.

But differences like that. R Y, helix has lots of metro models to choose from. So whether you sleep on your side, your stomach or your back, helix has you covered.

And one of the best parts for us was taking the personalized helix, sleepy z. They matched us with the perfect mattress, and I only took two minutes. We also got the glass o tex cooling cover, which pulls heat away from our bodies while we sleep for the coolest, most comfortable sleep we have ever had.

Not to mention our mattress and topper were all easy to set up and the quality is incredible. Plus, he licks offers a hundred night trial, and all masters come with either a ten or fifteen year warranty. But here's the best part, the helix black friday sale is happening now.

Get twenty five percent of all matches and get a free betting bundle on select products. Go to helix sleep doc com slash ramsey. That's hex sleep doc com slash ramsey with helix Better sleep starts now hey.

if you're like me, this time of year feels bananas, thanksgiving just flies by and then you blink in the kids right out of school, of families in town, and somehow there's glitter everywhere. Your chaos. Let's face IT the last thing you need right now is money stress.

If you want to lighten your mental load this year, do yourself a favor and go download every dollar. It's my favorite budgeting APP and IT can help you create a game plan for your spending so you can focus on what really matters this time of year. Listen, the holiday season's gonna busy. There's no getting around that, but let's be busy enjoying our families. Instead of stressing out about money, head over to the APP store and download every dollar right now to get started for free.

Welcome back to the ramsey show longer George camel, I can. Coleman, tripoli, eight, two, five, five, two, two, five is the phone number eight, eight, two, five, five, two, two, five. So got new people joined in all the time. We've take a couple of calls today, people that have been just tracking with us for just a few months.

And so if you want to find out more about the baby steps to stuff, if we talk about find out where you are, are you on track and take a quick quiz that'll check your progress and you get a personalized plan, uh, just for you, this is super encouraging for you clearly to know where you are and where you need to go. So, uh, head to the show notes and click on the link titles. Are you on track with the baby steps?

Are you on track with the baby steps and take that quick quiz and will help you out big time to polite? Eight, two, five, five, two, two, five. Is the phone number naples, florida, where we go next and barely joins us there. Beverly, how can we help?

Hi, i'm in trouble and I need some help.

You are here on.

okay? I read a book. I hired a company to market IT and distribute IT IT in the whole nine yards and um IT started off at two thousand dollars and escalated into sixty thousand dollars.

They never told me in the beginning I had to pay for the printing of the books. They never told me that I had. They were gone to set up a website and they would um they never told me that that have a domain and a hosting company on top of that six thousand dollars.

So I ve ve just big shysters. The the end of IT was they kept telling me, yes, my money is is coming. My money is is coming. They owed me like one hundred forty thousand dollars in royalties which never came and the end of IT was that um I did a merchant uh, dispute because they were supposed to do an audio book, which they never did. I put a four thousand dollars a dispute on that and um they um they said that unless I paid up my whole amount that I owed them, which is that four thousand dollars they would cancel my account which they did and never did the book but they cancel my account and all out sixty thousand dollars trying .

they had paid I assume none of this was real.

Yeah and the .

royalties weren't there. Did you did there was never a book.

Did you ever .

get a copy, told yalies, that implies actually sold the book.

IT takes a lot of books sales to get one hundred forty grand and royalties a lot, right?

But they were. They promised on their their promises, you know, original contracting, that they would distribute eight thousand .

books yeah but I get A I yeah but I got a news for a thousand eight thousand books as an equal one hundred and forty thousand dollars in royalties. Both Jordan are best in author. So when you just get completely scheme, do you actually have the book in your possession now, at least the .

electronic version?

Or and do you have the rights to sell IT on your own now?

Yes, okay.

So is this publisher a real publisher?

Well, I thought they were.

Well, no. Have you done any homework to see? Do they actually have, is this is this a phantom company? Or this company exist somewhere?

Well, i've been doing a lot of research on this sense has happened. And I found out that they have six, twenty six different websites that I can connect to each other, and only one of them registered in the state of florida um and the other five are not register new york yeah.

this is a scheme company. They might actually put the book out to tell you a look, we actually print to the book. But I would get a lawyer involved if you want money back and you're going have a tough time telling the credit card company, hey, can you clear IT for me? IT was fraud. You spent the money.

Well, the problem is i've been trying to get an attorney and I I called the biggest one in the country and they said, no, it's too old because this is going on a year and a half, even though the last final thing was only a couple weeks ago. You have been with working with them this whole time. And then the next person, the next world, is to, have you ever been turned down by an attorney and said, yes, so I don't want me so I i've been trying to find a tourney and no atterley, i'll take the case at this point. No.

I don't know. What do you do for work about any?

I'm .

retired.

okay.

And the other the other problem is about seventy nine years old.

So where what is you in .

twenty four years? My personal income is part in the business is about um seventeen hundred a months, which I have one of those that .

reduction programs working. You need to never get on the internet again. You organ scan left and right. These companies.

what they do.

what? What happens if they tell you, stop paying your deaths instead, give us that payment. Let your credit or tank, let the creditor ors come after you with lawyers and lawsuits, and then we'll try to settle the debt for less. Yeah right that's how work.

Ah there's red flags .

every corner what. And I hate that they they mean you you're pray upon by these companies and so you need to go beyond the defense for the rest of your life to go. I'm not going to ever get scared again and i'm going to fight to get this resolved.

And you may not get a resolution. That's the hard part. You may need to swallow the harsh pill going this money, i'm never gonna back and IT hurts to get game.

yeah. I tracked IT to a real person. I found A A real person that has a real address in a real house.

So what you going to do? Look up to their house with a baseball bed. You got to get, get a lawyer.

I might. I told him anything. I said, you know, this is hell, has no fury like a woman schorn, yeah with the computer the 点。

that's the truth, that you find some outstart Young layer who's looking to make a name for themselves.

And I would contact the credit card company, explained this and say, I listen, you know, obviously you took out the debt, so it's not a straight up fragile and activity, but you were defrauded and therefore, you have no ability to pay back this debt. Do you have anything in writing saying they're going to give you this hundred forty grand?

I have a service agreement. yes.

okay. I mean, I would find a lawyer who's a year and half as not, you know, fifty years old .

and I hear something in your voice is really but you just spouted off one of the great quote of all time, by the way, one of the two quotes of all time that he'll have no file like a woman scorned and I would put that scoring to finding a Young lawyer who, uh, is not some big firm and I would i'd find somebody that straight out at our .

school um that that's .

looking to make a difference. I'm telling you, I would put that energy into that that's you show you you know what your only other option is, is I mean, you're gonna have to pay the sixty back over time and you have you have an income of seven hundred dollars a month.

Yeah.

do not have social security.

And a .

lifespan of ten years, I .

hope, got longer than that. But do have you have social security coming in?

Yeah, yeah. That's part.

That's what I thought .

you said when you said in the business .

in business you about your business.

然后 然后 everything .

is I mean， that's my my income. My husband gave me five hundred dollars a months to live on and I have a small pension. And how do you work part time my whole career? And then I have my social security.

So is your husband still alive?

Yes, but the problem is all our money is his money. He, he, he retired at the age of fifty.

Very delete here.

Yeah, this a holder, her first call.

Now he got screwed twice of this company.

I mean, company, the same company.

yeah. Did he publish a one?

two?

No, no, no. But he they told that the mony's come in. They would really need to do with, uh, fourteen and now five thousand dollars to pay the so I beg and please let me do that for five days he says i'll have the money by friday.

So I says, let me learn that money for five days. I did five days. Thirteen is ten days to twenty.

So his money.

his money is in this too.

Well, he, he got his money back. He was able to charge .

back and get his money. This problem, guys, guys live in separate lives, seventy nine years of age .

and .

out yeah.

I know, but it's his money and his from his parents say inherited how .

long you guys been .

married for some years for the chances .

of you guys combining finances after forty. I mean. I hope IT happens .

that you .

literally just like, give him a pass he's like, sorry, bob, good luck with the sixty thousand or dad, I got my money back. I'm over here playing a part cheesy and golf with the fellow and your stressed out of your mind. This doesn't make any sense to me. This dude needs to help you out. He's your husband.

If we don't love, we cry. That's a tough situation. everything. So sorry, I find all the complaints can try to get the charge backs, do whatever you can to fight this, but just know you might not get resolution.

This is the ramsey show.

I've been doing this show for over thirty years, and some of the sad calls I have taken are from situations that are completely preventable .

yeah and what so hard as I feel like one of those, especially the ones that I like, terrible air people that call in and their spells has passed away suddenly and they don't have life insurance. When you have to think through how I onna pay my bills.

the the the next week yeah in the middle .

of that grief like it's just IT is it's terrible. So life insurance is the one thing, especially as a mom with three little kids that I like so big on for people to get because it's inexpensive. Thunder is the place that once and I actually get all of our life insurance.

And IT doesn't because ander shops among a gazillions different companies, IT didn't cause much. You just have to admit that someday you're not gonna be here. You got to say that out loud and you got to say i'm going to say I love you to my family by taking care of them and taking the time to put the stuff in place.

The costa stink and pizza to get a free quote, call eight hundred three, five six, forty two, eighty two that's eight hundred three, five, six four two, eight two. Or go to ander t. Com for cash.

Give away here and you could win big or giving away five hundred dollar Prices each week and one grand prize of five thousand dollars in a daily for your chance to win at ramsey solutions dot com. Slash away that easy. Plus our fifty days of Christmas deals is on right now. Get up to thirty percent off best sellers and life changing gifts that won't break the holiday budget. Ramzy solutions outcome sliced wer.

Walk back to the rams show three, eight, two, five, five, two, two, five years, the phone number tripled. Eight, two, five, five, two, five. Along George canal on.

Can coleman excited that you're with us? Let's go back to the phones. Detroit, michigan, where we go delete, is there delete? How can we help today?

Hi yes. Um I am trying to figure out if I should sell my R, V at half, just cut my losses.

Now tell me more about the R, V, and what the dead is on IT. All of the nine years that we all .

know okay um so it's one hundred and twenty five thousand dollar lar eighteen put A R V I now o one hundred and five thousand dollars on IT. Um I sold um I get out of get out of everything else. My house got my cards paid for my create cards are um now gone um and so this is one thing i've had on line now for a few months um for eight five thousand dollars um is seeing to go down more and more now I have one hundred thousand dollars from um the cell of the house uh and I was just wondering that I should just go on and um the bad try to sell IT in at the other costs which is seeing where from forty to fifty thousand hours yeah because this .

R V is going to continue to go downer value. So what do you think what do you think you should be listening for? Because it's clearly eighty five thousand isn't low enough if it's been online for a couple months, if you want to get there, if I quickly we get to lower. So that would be the difference that you would have to eat, right? So what do you .

think the right Price? Yeah well, when I went back to the day, which I know the worst place to.

they've some pocket change for IT.

Yeah they were talking about sixty thousand. So um and and one or two years that I have a got away for me because the the van would start at that time so that if I had been driving IT for three or four months not a great first .

sell thousand or IT was an truly afraid of this whole hundred .

thousand dollars thing plus I understand and now that um this over hundred thousand dollars that I was going to use for a my retirement uh will have a capital uh gained tax against them and I don't know what I don't know how much that will be like. How much should I put a size that .

that depends on a short term or long term and how long you've held the asset and in comments.

So my house and apple and my my income is one fifty a year, one sixty a year.

okay. And where you living now.

we town.

are you renting? You said you had the profits from the home where you go next?

I'm renting in apartment. Okay, so you're renting .

in apartment right now. You've one hundred thousand doors from the hometown. E do you have anything else in savings or retirement?

Uh I have uh a small retirement from the government um in total attention I guess uh and sixty one. So i'm kind of downside in everything. Cw possible retirement the next five, ten years okay.

Or remember retirement is not an age is a financial number. You need to be able to retire and cover all your expenses and still have margin left over. So that's the plan I want to get you to.

And getting rid of this rv is likely part of that. Why do you get the R V. In the first place?

Uh, crazy lady, I I get IT during cove IT I had to get other house. Everybody was looking with me in and uh and both my parents can have during that time. So I was just the um emotional more thing. I did make forty states, but I still with motion.

Okay, so you own one hundred five top dollar, you think you could get seventy five .

ty private sale?

I think so that so seven five yeah, IT said eighty five now so well.

let's say worst case, you sold over for seventy five, you would o thirty in order to clear the title. So you take thirty at four hundred thousand profits. That leaves you a seventy grand. But IT freeze up that giant payment. What's the payment on this thing?

But it's seven, sixty eight a month. Okay.

so you'd get a raise right there just by getting to that payment and the .

interest exactly seven hundred dollars, uh, a year for the registration, again.

surges and all the other maintenance. And I mean, it's it's it's an expensive toy. So I would get rid of A A, A there. Maybe Better seasonality with the R, V in in your area. I don't know how many people are trying to buy an rv in november.

Yeah I I not have the way to spring again but um you know I just didn't know if its a good and thinking like ground thing and I think about that you .

make eight hundred and payment for the next six months until we get in to warmer weather. You just spend a lot of money to try to hope to make more profit while this thing continues to go down in value. So I might cut my losses now and take seventy five four instead.

I absolutely clear that, that is exactly where I was going when I asked you that question on what do you think the right Prices in the open market, not to a dealer? And let's make a thing attractive and get rid of IT. Thankfully, you get the cash to be able to to get hold on IT and get IT out of your life. yes.

And then we need to figure out for the next five or ten years, we need to make up for the last time and start traveling away. Money into retirement accounts so that .

we have a nice next stage. exactly. Will I get caught on the capital texting? Uh, if I put the money on that on the venture capital gains.

you know that there's capital gains tax on the sale of your home because generally first .

time here about IT.

okay, you may not have capital gain tax. I would talk to a tax pro to have look at your specific situation. But if IT was your primary and residents you were there two out of five years in your single, you likely have up to, I believe, two hundred fifty thousand and in um appreciation without taxes.

Uh, two hundred fifty thousand and appreciated.

So if you bought her at two fifty, you sold that at five hundred. You're fine. What was the .

purple two eighty five that cost .

four hundred?

I think okay. So you're liked. You can turn to on situation. You're likely knock enough capital gains on one hundred thousand ended up in your account.

And even if you did, you're talk in zero to fifteen percent for your situation if you hold that long enough. So again, i'd get in touch with the tax pro. Make sure you find on the tax side. But i'd use that cash and get out of this R V, and never go into that again on a appreciating as a solo.

Thank you that there's an R V.

There's a lot of zeroes on the end of our v mistakes.

And so let's go to holly in colombia, missouri. Holy, how can we help?

Hi guys, the honor to talk to you. And well, i'm all nervous, but i'm excited. My my question is um i've worked part time my entire life and i've never been responsible with money. I even have a big graph and how old are you? I'm thirty two um yeah I had a really bad marriage and we did some really bad things with money and just went to not that um but now i've been offered honestly the opportunity of a lifetime honestly and i'm worried and i'm anxious only because i'm be making really good money and I really don't know how to match IT. So i'm calling in I wasn't he guys.

what do you make now and what will you be making?

Well, right now, I don't have a job up because I just moved to missouri. So i'm just now getting back into the workforce, but I will be making twenty seventeen hour.

twenty dollars and seventeen cents an hour.

yes. O yes.

that's about forty grand. yes. okay. And you're going, I don't want to screw this up.

How do I make sure make the most of this OK? Is that your question? And get about a minute.

So here, here's a deal. If you can learn to manage a little, you can learn to manage a lot. And so that, that is you haven't had a great track record, but that doesn't mean you can improve.

And so i'm going to gift to you one year of every dollar premium to help with this. And a budget is going to be your best friend, is going to be the boss and you're going to be the boss of IT. When you make IT, it's going to be the boss of you during the month because you said this is where my money is going to go.

Every single cent of my take pay is going toward debt payoff to the rent, to the bills and you're going to arn to live on less than you make. That is the key. And along with that, holy going to send you my book breaking free from road.

It's onna. Walk you through this entire process, start to finish from how to get out a debt, how to build wealth, how to avoid money traps, and how to finally get control money instead of IT controlling you. But i'm proud of you.

You're making great strides. Thank you so much. A new chapter for holy way to go holy.

It's exciting to see you start to make your way and do take advantage of this offer. The George's given you this is gona help you so much just to know where your money is, know where it's going and half the battle is you simply knowing, feels like a starting morning cartoon message that I will came back to. This is our living show.

right? Let's cut to the chase. It's easy to get discouraged about crazy house Prices and interest rates, but when you have the right real estate agent help buy and say all the right way, you'll have confidence to make smart decisions.

Rai first agents aren't just experts who guide you through buying or selling. There's someone you can trust to have your back from the first call to closing day. Find A I trusted agent near you at ramsey solutions dot com slash agent ramsey solutions dot com slash agent.

Welcome back to the rain z show outside your camel. I can come through to have you with a triple. Eight, two, five, five, two, two, five. Is the phone number to jump in? George, what's the best way to make the most of your money?

Is this a requestion?

Because I think it's a budget. IT is a budget. Every dollar makes IT simple is our world class budgeting tool.

If you planned your spending, track expenses and safer, what matters most of you? When you keep apples on your spending, you start to be able to make progress on your money goals. And you do all that with every dollar.

You can download every dollar for free in the APP store or google play, or click on the link in the shower notes if you're partaking on youtube or your favorite podcast. APP. All right, honey, oh, boy, wish I was there.

I'm telling you. honey. Ban, George, no, i'd love to go. I didn't think you'd it's.

should we do A.

A couple trip? We should. We should absolutely do that.

I think you would look great in hay, in shirt. Thank you. Get matching ones.

absolutely. Grace is there, Grace? How can we help today?

Hi, thanks for taking my call. I happen working the baby steps for about two months now, and I love my budget, but my husband does not wondering how I can get him on board. We've talked about IT. We've shut down again the budget together to agree to IT. He'll say to understand that and then i'll just blow IT up.

So when you say blow IT up, what does that mean? What does he overspending on? Is a certain category .

um it's very much nonsense uh, to strengthen million things to keep him busy working on his car or spending on food and drinks at work um sorry.

And what what is your goal by doing this budget? Did you guys agree on why would .

doing this so that we try to start and he likes to live less now. Um he can really see the purpose of getting revolve about dead and then being revived home and like really fulfilling dreams.

Have you told him that IT scares you? He's okay living like this knowing that you're gonna broke later on?

Yes.

what does he say when you share your honest feelings for them?

Um he can downplays IT i'll apologize and then say he understands IT but his behavior won't change.

Um well he clearly he doesn't care about you all financial future. He's not being selfish going well. I just wanted do what I want to do, and no one gets to tell me and I work card for the money. That about right? Yes.

he actually sent about the other day.

Who will play? Look at that. It's like you've done this.

And I can just hear this guy. I know well, he's a hard working guy. He just like she's always ng.

G and me, i'm just trying to go. I got a little hobby here working on cars. I've got to get the stuff for the so you got a cast vision.

You got a cast of vision with this, or else it's just gonna like a process.

It's going to feel more like nagging every time. And so number one, if he ruled this is is this is car hobby, making him money?

No, and it's not like a bunch of money, but it's just one thing after the other.

Does he have a fun money line item in the budget? Let's say fifty box. okay. How much .

is IT for him? Well, we share IT. It's three hundred dollars.

okay. I think you need to split this out so he knows exactly what his amount is because that's confusing. Did you spend two fifty and he gets fifty? D both spent three hundred and you go, oh, over three hundred, I would split IT out. You have Graces fun money and his fun money. And if that's one fifty each and that's what you guys agree on, or you get one hundred, he gets two hundred IT doesn't have to be equal, but you guys have to agree to IT and that becomes the pitch shake because that sounds like two categories, food in his hobbies.

right?

yeah. If you can get those in track, you guys, you guys will make progress. Yeah how much that .

do you have? I we have twenty seven thousand that I can track. And then he has a credit card that don't have access to.

oh boy, it's that's .

a problem.

the military star card. So we can spend IT on anything but like that and anything on post closing in sales.

Okay, but there is a way you can have access for transparency and accountability.

Yes, i've been asking for that for a while and he just kind of put IT off.

Um are you sure he can't make any frivolous purchases on this card?

No.

okay, because i'm thinking, uh, i've been to a gas station. They said a lot more than guess yes.

And so I think .

it's you have a right to accountability and transparently your own marriage with what's going on with your money. So I think there's a deeper thing going on here, uh, usually to one of three things. It's either there has been a lack of trust and there's a reason or hiding this.

There has been some trauma maybe from the past that makes them kind of want their own separate little parachute in case. And then there's also financial infidelity where there is spending addictions. There could be more nefarious ous things going on here. And I think you have a right to get to the bottom of IT.

I agree.

and it's I don't think you need to do this and attacking way because that's going to get him to shut down. But you do need to say we have not been on the same page. You agreed that we need to get Better with our money.

You agreed we're going to get out of dead. We said he was going to take this long together this much, this much a month, told the debt. And so far it's been derailed, ed, by a random frivolous spending.

Yeah, i'm very frustrating.

I think you have a right to be frustrated.

I do. I think this is a marriage issue. I think this is I think this is a sit down the therapist if we can't get IT hashed out over nice date .

night it's so funny you say that I know that usually .

this is the yeah what was the other conversation about the marriage?

Yeah just um about what is the spending habits and how he react to IT makes me fear of how that shows me how he cares and doesn't care. And that applies to other parts of our relationship too. We're all kind of do the same things when they come, the feelings and opening up and yeah IT IT takes two healthy .

people to have a healthy marriage. IT takes two emotionally mature people to have an emotionally mature marriage. And i'm not we only know one side of the story.

There's usually three sides, his side, her side in the truth. But so far from what you've told me, he's got some work to do to kind of grow up and go. I got married and that means that to become one I don't get to live however I want is IT affects other people. IT affects your future too.

Do that.

And and the thing that i'm concerned about and if he was on the phone, i'd say this, you're not just buying a handful of slim games at the convenient store with with this credit card. There's IT just concerns me greatly.

why does he need this credit card?

He doesn't. He doesn't need that.

but let's shut down.

Well, sound that simple. He he's cut her out of this. This is why this is a merge. I'm with you, George, but I mean, he's this is .

a i'm not spending on, it's big deal, right? Let's cut IT up then let's s we have our debit card. We're going to use our own money.

That was something we agreed on. I'd like them to discuss this with a therapist in the room.

I think we need a third party at this point. Grace. He's not .

listening to you, my credit cards, and that made him so nervous. Just like, what if we need IT for an emergency and is like why we have the emergency find? Like you don't need IT, but IT scares him. So I can understand why he thinks of this.

He gets to be scared and you .

don't I know.

Yeah, but great. Good on you for leading this. You're modeling the way for him trying.

No, listen.

you are. Keep on IT. But I I do think this is this is a therapist in the room so that we have a objective third party who is a professional and you share your real concerns in your real feelings. He's got to address this, or else this will, if you all don't address IT now, meaning he's participating, this will pop back up. And when IT does, IT will be really bad.

yeah. And I I want him to be scared.

He should be scared. He should be scared for his financial situation. And this is just exposing IT by cutting up.

He should be scared what he's doing to his marriage.

Yeah.

there we go that we got some. We got to rise out of Grace on their one. All right, Grace.

you know what to do. It's not going to be fun or easy, but that's the only path. I wish I could not my fingers, Grace, just tell him this one sentence change.

This will be hard. This will be hard.

But IT is worth IT.

It's worth IT. So I motif guys, for all of you listening via youtube or podcast this shows about in, you can head over the engine network to finish the show distraction free, go further with all the show that and don't make what's coming up. Next, click on the link of the show notes. Those we on radio, we will continue. This is the range show.

Hey, you're still here. What are you doing? You do know that the rest of today show is playing right now over on the rai network, right? All you got to to do to finish the episode is search ramzy e network in the APP store, google play store, or just click the link in the shower notes to downtown the APP or free. You heard me right for free, then right there in the home screen you can watch the rest of today is show about being. But to all right, i'm get out here, enjoy or see on the APP.