Never Rationalize Debt!
01:28:38 Share

Welcome to the rampy show, or we help you win in your life. We're going to help you win with your money, win in your work and win with your relationships. The phone number to jump in a triple, eight, eight, two, five, five, two, two, five, triple, eight, eight, two, five, five, two, two, five, can call a George camel joins me on this moments day. AmErica votes, or in Georgeous case, and millions of people they've already voted early vote.

So and you are, from what I understand.

you're big on voting on election day day. I like to wake up on this day knowing that i've civic a cha circumstance.

Christmas is only open your gifts five days.

really. That's right. interesting. You say that I don't like to .

open up gift on chis .

receive very traditional I I but i'll tell you what what IT doesn't matter who wins today because we'll be here more and the next day, in the next day, we will help you win with your money no matter who's in the White house. So calm yourself. You get your money questions. George.

listening to the show, you're pretty good, right? You're going pretty good if you're not glue to headlines and instead you're listening to us. That tells me something about how your life is going. How are you doing?

I'm doing great. You seem to be a your self admitted anx anxious person. That's true.

Are you anise about the more anxious other people get the comets that?

okay. Yeah, that's kind of interesting. That's why I comare right. Well, we're calm.

We're clear here today to help you win in those areas. Let's go cinthio junius, intel hai florida synthia. How can we help today?

I think IT is am I deciding things for having the .

unheard nervous you're doing great OK.

Um I feel like i'm stuck. I I am here in florida emerged from taxes. I moved to ford and twenty thirteen to help my parents. They were, you know, aging so I wanted to be closer to them. Definitely tly got married.

We bought a house in twenty seventeen and then um both of our house is my parents house and my house got damaged by the hurricane Michael and twenty eighteen took three years to get both of the houses back together. And you know what help of my husband he was able to help us get IT repaired IT was an ordeal but I never want to go through again. Um my question is this.

I don't want to live in florida anymore, but my parents are elderly. My husband passed away um two years ago, so I don't have him to help me anymore. I'm a full time caregiver to them.

I have a full time job. Should I sell my house to kind of give that burden off of me? The responsibility of having two houses caregiver full time job is a bit overwhelming. If I sell my house on thinking of renting until I can convent them to go back to texas, or, you know, god forbid, until they task away, which, no, none of us know how long we have. But is IT a good idea to at least get rid of my house banks, the money put IT in cds and then just rent and not have to think about, well, if another hurricane comes, at least I won't be responsible for that house or two houses again.

What's going on with the other house?

I left my parents house there.

They're living in that house, but you own IT completely. Is there more completely? I, you don't have two house you can like.

I think he means she's responsible for her parents. She's kind of chief caregiver.

Yeah, and you would rent, would IT make sense for you to just move in to the parents house? If you are the caregiver.

um IT would be difficult and be more stressful. Okay.

I mean, I see no problem with you selling this house and renting. Now we gotta look at the long term future of you becoming a human, or again, to reduce your largest fixed expense as you enter into your retirement years especially. But right now, if you've been through a lot. Thanks a, yeah.

I mean.

between the damage of the house, the passing of your husband, have you had time to even grave of this? Or you've just been in survival about taking care of mom and dad?

Survival mode? Um, you know, COVID hit, no, we got monga coved really bad. IT was horrible and I have been passed away and he had a major blood clot and he had a stroke. And it's just been, 嗯。

i have .

so .

sorry for you, but I .

am blest. What would .

that look like to rent? What's going to cost versus your current mortgage payment? Can you .

financially handle? Yes, i'm looking at a partners that around two thousand a month.

okay. And what's your take home pay every month?

Around five thousand?

Are you working full time? And okay. And did your husband have life insurance? You have any other assets?

He had a small amount of life insurance. I I do have an emergency fun. I have about fifty thousand and saving good, maybe about, I Carry five in checking do you have .

any dad in the mortgage?

Have one credit cards that has about one hundred dollar on .

IT remind us again um what will you make stand to make on this house if you sell IT what .

will you clear and thinking around two hundred thousand .

and you would just put that in a high hold savings account yeah but it's place where .

where IT would draw interest but be safe. I was thinking C D haven't really gone that far with IT. But you know well .

your highs same account will have competitive rates while keeping IT very safe. It's fc insured and so not going to disappear. You're not investing this money and it'll just help you grow with you know sort of th Epace o f i nflation. You're talking about four percent right now what the rights are at.

you know india. I don't know, George, what you think about this. I don't like the fact that a rent almost half over take pay and but yet I understand he wants to to get out this house. I wonder of buying a condo or something that get your payment lower, get your payment lower, less expensive, not have to worry about, you know like a single unit house in any kind of storm stuff, be a part of something if you thought through that, you understand our concern about your rent being, uh, almost half of your .

take home yes, I am concerned about that as well um .

what about my idea? There might be a Better version of my idea, but what do you think of my idea of buying something much, much smaller, maybe more of not not a single unit home?

It's not a bad idea. Um I don't know the availability in my area, have not researched IT, but I am willing to some search change.

I think it's worth kick in the tires.

don't you solution?

Because what would your ideal number be to play what .

would be idea? Hundred or less would be awesome .

and I might be having for what's your mortgage .

pain now around fifteen hundred, but I sent in a little extra every month towards the uh, principal so I pay about eighteen.

eighteen, six.

Okay, let's left on the mortgage one .

sixty six okay yeah .

I would do some more homework um but either way, you know you're gonna be OK. But again, we don't just to want too much of your world being eaten up by that rent to where you can't accompt other financial goals and then you have a new version of stress, which is financial stress no. So I think we have to do some homework. Coming here is a rock and a hard place here and I hope is just a season for you and we can get you to smooth their ground soon.

Yeah so sorry since if for all of the storms you've been through, but seems like you've got a really great attitude and and that's what IT takes to walk through these times of pain and and come out on the exercise. Thank you for sharing your story in time with us. Quick break his George camel. I can comment. This is the range show.

One of the questions I get all the time is which life insurance company should I use for my term life policy? A valid question, since there are hundreds of companies out there with rates all over the place and writers and add that are simply a waste of money, you can need to get this done and make the right decision. That's why the only company I use and have recommended for over twenty five years is under insurance.

Ander is a broker who shops the top term life companies for you and finds the best rates available from the only plans I recommend. They also save you time. Whether you want to work online, over the phone or via text, their team will cater to your needs and help you make the right decision. This is an absolute necessity in ander has made the process easy and convenient. Called them at eight hundred, three, five, six, forty two, eighty two, or visit sander dot com for instant online quotes.

Welcome back, america. Thrill to have you with us. How you doing out there? Are you feeling big, dated? I think a lot of emotion. Calendar, it's national. Something that isn't IT something.

What is that? What they call IT election .

day is a called .

national election day. No.

I was just poking fun at the fact. And now we have a national something day every day.

cyber security awareness month.

So I the plot, yeah, we've lost the plot. Tell you, what have we vents done too much about and that celebrating Chris was not something we can say. It's nice we're moving in the Christmas.

And that says to me and I gets a note here once again, rams you with the amazing deals around Christmas time. We call the fifty days of Christmas deals, fifty days, George. That's a lot of days, a lot of days. Uh, so whether you're shot for yourself or maybe you're looking for the perfect gift this year, the gift that keeps on giving, if you can tell me what movie that's from a one, a boy.

the gift that keeps on giving Christmas vacation.

you got IT very well done George sticker for you. Send me to vision. James will get that for years later. You can get up thirty percent off on our best selling products that in the fifty days of Christal deals, break you free from broke.

Hello, there you go through on sale .

for the first time ever yeah because it's it's now reached .

its capacity of new books status. Just let go and we'll put them on sale for the first time.

How about about to get clear assessment, the very popular tool that we created to help you figure out what's that right place on the bus, right seat on the bus? How can I do work that i'm really good at and I get paid well? Those are just two examples of some of our best selling products.

Go to range solutions outcome slide store, range solutions outcome slight store, or click the link in the show notes. Do you folks know that the show notes, it's kind of like being an under the Christmas tree. You can get to the shown notes, George, and it's like seeing Christmas tree and Christmas more though lots of good things. Every show has a few gifts in IT. In the show notes.

you had to go to find out what's in that description. So there you go. Thank you for the gravy solutions.

Don't complain, give away. Just go to the show notes. So we make that easier for you. You have to remember all the links.

George wants a link. You don't need a link, you know, you need showing out there.

That is, all right. Let's go to rob in los Angeles, california.

Yes, I have to go and pleasure speaking with you guys. You bet, um yeah, wonderful. So this situation here is I with my current company at working, I do with them going on about going on twelve years in june, so eleven and half years right now. But I have two different path that I can go at the current moment um but I have a little bit of a doma try to figure which which way to go um so in my current role i'm doing i'm doing preweathering making you know enough money to be happy and comfortable um and I can go into my next role, which is kind of be a step up in a different division of my company.

What would be a situation where to work with be doing a similar thing, but working with a larger client till which potentially can get me give me a twenty thirty percent you know pay increase um or my other situation is um that I can stay in my current role and potentially move in the leadership um with my current company. And the situation there is, you know I would potentially make a little bit less doing doing that compared to what i'm doing now as the leadership role is more of a base salary position with an annual bonus at the end of the year. And my current role is a more on the kind of the sales ARM um and I doing really well to sales part of my jobs.

So building in the leadership, I might make a little bit less um up front. However, what i'm struggling with is if I moved into the leadership over the course of my lifetime, right, my total lifetime earnings might be higher. So we put me down that for the track works can move into you know leadership and then potentially you know to executive role and make more later on.

So this is trying to figure out what to do and to throw another curve ball into the mix. And that I ve only been in my current role with my company for about a less than months out of the you know um you know love and twelve years i've been in my current company. So just try to figure out which direction to go .

and um which one on.

Well, I think i'd like to go on the leadership more than anything, but I would be to be taking to how .

much of a um potentially .

eighty to one .

hundred .

thousand dollars wow.

And this is with your current company. They've offered you this role.

They have been offered me the role in writing. So I applied for IT and what they told me is, you know you know you're doing a good job, but we can we can see you doing IT, but um we're not going to give IT you right now. So what they're going to do is there's an opportunity form with another leader in the company who's going to be they're not going to be around, let's put that. I want to give up too much information, but they're not going to be around for seven, eight months. And what they're planning to do is let me take over for that.

That's and that's the first thing you gave us. You gave us two options. Is that the first option you just told me about? Um yeah that's .

the leadership track. The other one basically to be continuing to do sales in my company with larger client. And I think I would make more money for the next few years staying on the sale side. But I think over the next ten years, I would make more in leadership.

Yeah, I think that's right. But I don't like the idea of you taken an eighty two hundred thousand hour pay cut for that. There are other ways to get in the leadership. And yes, and it's been .

my experience .

just observing, taking literally over ten thousand calls on the kin common show and feels like half of more these kind of questions. If you eventually want want to get into leadership, you will have an opportunity to get into leadership. And here's how works in the american workforce.

You keep getting promoted because you are doing a good job and eventually promoted in the leadership. So uh, I don't like the idea of you kicking the tires for what IT sounds like seven, eight months as a trial. And even if you win the trial, your reward is eighty one hundred thousand hour pay cut.

If i'm a leader in your company, I would look at you and go. Rob, I don't, i'm not onna give you this job because this is dumb. yes. So for that reason, you are telling that I made for those reasons.

I am out. What you what do you make IT right now? Rob, what's the total comp? What what do you make last year or in the past twelve months?

Last year, total was around two fifty, and this year, i'll probably be around two eighty.

And if you take the the new sales job with bigger client tell you're saying you're make three hundred, three fifty four hundred .

IT potentially yeah .

I mean so I built up a pretty good system um doing what i'm doing now moving into the next larger people.

doing what I need leadership. I'd pay you like a two fifty base and maybe some bonus on top of that.

no less. What I think .

it's I think it's more like one city. You want eighty base plus the direction ary bonus at the end .

of the year. And I have .

no idea. I don't like discretionary bonuses. I like bonuses based on percentages and things that we agree to. So i'm with .

can on this. I wouldn't take this giant pay up.

No, rob, you not see a latter, but you taking this bump in sales, bigger clients, bigger responsibility, bigger paycheck, do you not see that that's gonna lead to opportunity delete, whether in the your company you are outside?

I mean, yeah, I suppose I do. I suppose I do. Yeah, I mean, I I do see an opportunity do to do that. I just don't know when to take that how to take that leap. I think .

not a little it's not a little. I can see you're still struggling with this because a year guy who really wants to lead people.

you want to I do yes, I you want to lead them.

And I think that's great because not a lot of people who take leadership positions want to lead. They just get pushed into IT. That's what wrong in .

corporate amErica is. If you're really good at sales.

they go great sale to leave people I just want to sell, you want to lead. And for that reason, rob, there will be no shortage of opportunities for you to lead. I think you think that you're gonna pass up on an opportunity to lead.

I will never come.

I never come back to you. And I got to tell you, may you keep performing in a sales role? It's like showing up at the train station.

Here's that I can guarantee a George, a train will show up. So yeah, rob note, please don't get impatient here. Take the bug.

It's a bump in every way. Influence income and opportunity. Take the the new sales gig.

It'll turn into the leadership inflows that you want. Your good guy, rob, trust me on this when i'm older than you. Unfortunately, this is the reissue.

Mortgage rates have dropped. So if you're thinking about buying a home in the next year, contact your local churches 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 d one five one in sumer in london, seventeen and forty nine melloy lanes weet one hundred rent when in the sea, three, seven, zero, two, seven. Welcome back to the rams c show I can call a George camel is along side and we are here for you today to help you continue to win in life no matter who wins at the polls today.

Reminder though, year ago.

vince in is going to be the next collar here in colorado springs, colorado, vince, and how can we help?

Hey guys, huge fan. My life and base stepped seven and we are S P coordinators.

But wow. And thank you.

No, of course we are taking back year another baby. So .

congratulations.

thank you. Um this is a really a future state question. Let me explain. My brother and his family is completely cut off contact with my parents and now with me and my family and theyve given me the power of attorney exert to deal with their stay once that time comes. And here's the turkey part though. My parents bought and paid for my brother's house almost twenty years ago and still owit and are still paying for tax of an insurance cea um they didn't buy me a house, which is not a big problem, but and parent won't give me more much more direction other than he gets the house and I wouldn't inherent their house upon their but my parents at a and i'd like to have that's not the will. My question is how do I make these decisions from a moral and financial the and they won't give me direction and my brother is basically got you all from .

the family well, I think it's pretty simple. The stuff they're not giving you direction on, you sit down with them and go mom, dad, this is not fair to me um for you to put me in charge of executing on your will and having some things that need to be dealt with upon your past that aren't specifically laid on the will. So please do so and whenever isn't clear.

i'm going to just use my best judged on and you you know and .

there's no moral problem if you bring you up to them and they don't make these changes to Georgeous point and you do what is you think is right? But I think this just a sit down conversation. Is there some reason why this hasn't happened or why you haven't gone this right?

I have spoken to them about, I need more direction and this needs to be out in the air and I can't get any progress with that.

Then don't worry about IT. Have you done? Have you done all that you can do on this?

For my standpoint, I believe so. I just don't like the pressure.

There's no pressure of when no pressure happens. I am getting .

some undertones here that you're resentful towards your brother. Number one for cutting off all contact. Number two, for being financially responsible and then somehow benefiting from at all, with mom and dad funding his life and buying his house. And I .

incorrect .

that I would be, I feel unresented toward him. You sing myself in your shoes. I think i'm .

more mad about so is .

what you're saying, hey, I don't want him to get the house, but that's what they are wanting and I have to follow their wishes.

I'm okay. I think with him getting the house I bought him, I know want to deal with that.

but you're saying he shouldn't get other things right.

I think it's the rental. I think it's the rental unless you not telling us what else is unclear. But one thing we know is unclear. We don't know who gets the rental upon their death, correct? And you want IT.

and I just want that to go through course. So I just want that to go through all the things and it's not the will.

I agree. I again, I think you stay on him about IT to the point two, one of two things is gonna en. Either they're going to deal with IT because you keep pestering them about IT or they go, okay, you're no longer involved and then you go, then is not my problem. But you need closure on IT closure. And so you need to drive for closure .

OK to be unclear, to be and kind, we like to say. And so we need clear to hear.

do great, George of I slowly you need to go say, put the rental in the will.

I would have the will out going, all right, we're going to update this now. Maybe it's in the the presence of an a state tourney where you go, hey, we're going to lock this thing out once for all and make sure that the eyes are daughter of the teezle a crossed and say, that is my job as power attorney.

This is what i've been tasked with and you're not allowing me to do this job properly until we get all the details out there and then you can make suggestions and say, here's my suggestion. Clearly, brother has not been functionally responsible. He has cut all ties, and therefore, I believe that makes the most sense for me to acquire the rental.

He can keep his house. He can keep what he's got going on on, but we should not give any more to manage. That would be unwise. Would you agree?

I would agree.

Then later after lay IT out there, along with the boundary of guys, either take care of this or take me off the situation. I don't want to be stuck with us and you not want to go to court after your death because you didn't put everything all of your assets in the will. Let's just incredibly insensitive and you're putting me in a tough situation. I I just I would just hold formal on that.

okay.

Yeah, appreciate the call. Far more relational than that is A A tactical thing cause IT sounds like mom and dad still love the you. They love their sun, even if he has been misbehaving and the other brothers says, I don't want to enable and incentivize this poor behavior by giving him more to manage.

And yes, but I also think the biggest contention, George, is that he he doesn't want to go to court. He doesn't want to fight his brother over this area has not been stipulated in the will, and he does not want to deal with that. I think I think he's just exhausted from whatever this drama is. I think that's the driving force and I understand that thinks that mom, dad might be kick in this calm down the rock is are not ready to decide you're not ready to deal with the either Michelle is up and see out washington mell how can we help?

Hey there, thanks so much for taking my call, and thanks for doing what you guys do. I really apply.

Thank you. How can we help them?

Hello, do we lose you?

Are you there? We are here. tunnel. Michelle, are you? Are you talking your phone?

Okay, there we go. Now, I have you. All right. Can you hear me? Yeah, he, thanks for doing what to do and .

see no problem.

Well, i'm a nearing me in my divorce and I owe my x two hundred and twenty six thousand to buy a house wow, currently we oh no no this is a good thing ah there's lots of equity in IT. Currently we owe twenty four thousand on the house. And my question mainly is on fifty five, I have plenty of money in my four one k to pull out money to pay him off. But taxwise tax implications, I don't know if that's my best choice. Should I pull the money out of my four and k or should I just streight?

Can you do a cash out? refer?

Yes, I could.

That would be a Better option than taking the money after four one k mathematically. And for your future. Oh, can you afford the payment if you do a cash at rifer?

Yes, I can. I make about ten to twice thousand, ten thousand, very conservatively a month.

okay. And what do you think the payment would be if you did the cash verify?

Twenty, twenty two hundred.

So we were talking twenty percent of your day company.

Yes, that's way Better. That way Better.

The house you I know, but I also don't .

want you to pay a thirty five percent tax to robby retirement and unplug all the future growth. You pop that in a calculator and you'll be like, oh my gosh, okay yeah. Let's not lose a million dollars by do making this move happen.

So the cash, a rifle is the, you know, sort of the least evil of the options is still not fun. But that's what we would recommend in a divorce situation. okay. And guess what? You're probably na knock IT .

out prety facts. You know, I think I will. I'm pretty disciplined and alright.

and you want .

to keep the killing.

You're going to get off the Michelle. You if you cunt the numbers on this as aggressively as you're going to pay this down, making an extra payment or three every month, these things may have knocked out so fast that the interest is really not gonna be. It's going to be a nothing burger at the end of the day when you own this house free and clear and you didn't touch burney tag.

okay, curry guys.

so quick we get about forty seconds, but i'm for one K, G.

eight, fifteen in my main one and fifty thousand and my other.

Yeah, how are you?

Fifty five?

Yeah, unplugged a quarter million dollars and taking a thirty plus percent taxi.

No way you are going to be set. You just leave that money alone. You are going to be a very happy lady.

Okay, so I can just rent my little guest house out for income to help .

we pay extra. And Georgeous favorite words, he likes that. What's the word? Well, you either always like to get a roommate or range your thing out.

I love that, so get creative.

I needed more gage payment going to when you look .

at your total home ten grand, she's gonna making double, triple payments on things .

have gone a few years for the guest close to the number of like, all right, quick break. We'll be right back. This is the M. I show. Hey, you guys, when you go against what society thing is, quote, Normal, like avoiding debt, for example, I might seem weird at first, and that is totally okay. We want you to be weird if that means you're doing things intentionally.

including how you spend health care dollars. And one way to be intentional, as with Christian health care ministries, cm isn't health insurance. They're a health cost sharing ministry that helped hundreds of thousands of families like yours take care of health care costs without sacrificing their freedom. Program started as low as ninety eight dollars a month. Find out more enjoying at C H ministry's dot ogg slash budgets that C H ministry y's dot ogg flash budget.

Welcome back to the rams I show threw to heavy with a triple eight, two, five, five, two, two, five triple eight, eight, two, five, five, two, two, five so we always have a uh live audience come to the lobby here, range solutions and and they watched the show, list the show. We go out during breaks and say, hi, take pictures and we just met an awesome guy in Clark and Clark brought us gift and there they are. That's me in George. These are .

custom functions. Pops, which I was explaining to can, is a very popular and figuring.

which I was aware of what funk pops were until moments ago. Now, glad I know about. And he also brought a theme can do for you, George. And I feel you're got .

to explain meles like horse girl energy. So if you remember my famous call where I told the girl to sell her horse and other unkind things and IT literally somehow the candle smells that i'm in a barn for good and and for bad.

I smell IT. It's it's wonderfully done. So thank you, Clark. You're very thoughts, amazing, very fun.

And so they're going to sit here and hair is on point. I just got to say, ah he's he's got a he's got he's got your hair. He's got my hair down.

He's got this glasses no him jackets unknown for a paper twinkle and he's got that my ice coffee and you got your rice coffee. So nail curry funds. So those are going to sit there. And so in fact, we talk about every time we close together, we may bring those in.

I think they have to .

be stable as we need our own custom desk ornament. When we were together there go a new tradition started at speaking of traditions. George, you know, I like when you taught nerdy.

You do like when I talk nerdy to you in today's, what are you gonna ment.

i've told you're onna talk nerdy to me.

What is the top anything nuri er than the S M P five hundred standard and poor baby that is if you know you know if ah well .

said so we hear about .

this term all the time in the news that the S M P five hundred a lot of people's eyes glaze over. I'm going to give you the talk note to me, kind of put the cookies on the floor for everyone listening because we do talk about IT a lot and it's important the flour.

maybe the bottom shelf, bottom shelf, nobody wants to eat cookies .

at a bit on the floor. Five second rule. yeah. alright. So the S. M. P. Five hundred is an index that measures the top five hundred companies and how they perform, and standard and poor that who is running this thing and so on. Index fun.

When you think about IT, can we talk about mutual funds a lot? We're talking about a giant group of stocks pulled together. Investors pull their money to purchase these funds and shares.

And so an index fun as a type of mutual fund that buy stock in these five hundred companies. And we think about mutual funds. We have the actively managed, professionally managed a funds that we talk about a lot on the show.

You work with the smart vest pro in investing professional. They purchase the funds for you. And then there's the S N P, which is considered a passive form of investing.

These are passively manage funds because it's just tracking the index. There's no one that is hand picking the funds and companies that go into this. They're just tracking the top five hundred companies.

And the S M P five hundred now represents about eighty percent of the total stock market value. And it's largely, you know, if you talk about the largest companies, these are large cap companies, companies with a large market capitalization. And so if you invest the S M P five hundred, your return is going to mayor whatever those five hundred companies do.

And you will own all five hundred, you know, stocks in that index if you have an S P five hundred. And the average angle return, when you look at the history of this thing, has been around tended twelve percent since its inception. So when we say on the show, hey, if you invest this much, you expect attend to twelve percent return.

It's not at a thin air. This is not our opinion. This is just based on historical average.

Any over turn of the S M P. Five hundred. Some years it's gone. Ganging busters like we ve seen the past few years. Some years it's gonna down, but over time, we've seen to tend to what plus ten, twelve percent.

And so the Price of this are you're diversified across investments when you think about you know five hundred companies, eleven major industries. So you're reducing your risk since your money isn't dependent on one funds performance and they're pretty predictable because you're going to do with the markets doing yeah. So you can know now the cons, are you settling for the average returns?

So the goal of these actively managed mutual funds is to beat the S M. P. Five hundred. That's what these investment pros are trying to do, is to hand pick the companies and funds they think are going to outperform the index.

So that's the simplest version I can give you in one segment, can for folks out there who are ready to investor excited, they want to learn more. We could get a whole hub that's totally free for your ramsey solutions dot com slash invest. We have a complete guide to investing that's totally free.

This is a very in depth 的 resource， but we only give you what you need to know. And you can also click the link in the description in the show notes. Can if you're listening on youtube.

the talking about the value of .

the is where the magic happens, go there. You'll get this free complete guide to investing will give you a link to the hub and you'll feel a lot smarter next time you're you're at a dinner party, your friends bring up the S M P. Five hundred, you know, do I know about the S N P.

And you're going to say, and you're going to go how do you know all this? You're going to go because George camel talk nerdy to me one day on the rams, I show on the the show so there are is folks it's one of the host segments on the show. If you want more George talk and nerdy ah let us know comment like subtribe share all that and are you Justin our guys there?

I was seen if IT bobbles there's no bobbles excited to see because I think you've get a great bubble naturally .

can on your actual head so was to see does a little thule i'm just GTA try to do that in twin .

calls steffani ani hi um I just had a question gentle um so I was in a car r accident not too long ago and because of I do have a backup car that i'm and it's one thousand nine hundred ninety six uh heavy blazer and it's IT runs good IT has a he IT has a heater IT perfect as is um but I do commute a lot so i'm looking to buy a car.

Um I do have money, cash to buy one, but my dad used to be a car salesman and he was saying that I shouldn't use this money to buy the car out. Cash that I should get comfortable with paying a little bit of downpayment and then make IT address so that we are comfortable with the monthly payment that I received. But I don't like the idea of that. I don't like the idea of paying interest because you're paying money for sensually money that you don't have. So I don't really understand that part, but I just I want a second opinion.

Well, i'm going to carve out this by saying, i'm sure you're dad is a lovely, wonderful, intelligent man, but he has been brainwashed by the car industry. And can I tell you car salesmen, I have some of the worst money habits, if I had to generalize that i've ever seen in my life.

Have you seen these tiktok videos that have been going viral? They go to car dealerships and they go to the staff at the car dealership and they say, what is your payment? What car these people have? Like nine hundred dollar a month payments on s so say a new car. It's like asking a dentist if you should get your cavity filled. And so I would strongly encourage you to not take your dad advice when IT comes to buying this .

car kind of body packages drugs telling you that little bit of drugs are okay yeah you me it's a little bit too bias.

He's a little too close to IT. And this idea that we have to just get comfortable with the payment is insane. That's why we're so broken amErica is because we said, well, I can afford the payment.

I'll be fine. And then one day something happened, life happened, you couldn't afford the payment. You realize you have no margin to actually live your life or invest.

And so I would strongly encourage you to use the money you have to buy car with cash you can actually for. That's how grandmother did IT. So how much cash do you have?

Um i'm comfortable spending fifteen that I could to spend up to twenty .

h you got twenty grand and cash a great just on the car. This is outside of an emergency und uh.

that's a little the five thousand extra would be from the emergency fine fifteen separate let's .

call IT fifteen out the doors what you're wanting so when you go to shop for a car, you're always looking for the out the door Price and what here's here's the first question are going to ask, what payment are you looking for, right? First question, they ask if you if you call a car dealership, that's the key word that you're about to get scammed because all they're looking to do is get you comfortable with the payment and you are then not focused on what the cars actually costing you.

So that IT, I would be .

searching an independent used car dealership for this car and searching online to do some research.

I want to throw an idea to George that i've been kicking around in the dog.

I always wonder what's going on up there.

Well, nobody really wants to know. Quick question. If you use cash and you buy an older car classic, not old junker, but a classic anti car fix IT up, that car now becomes more valuable the longer you have a .

potentially, no.

it's the right car. I got one in my garage. IT keeps going to cars can hold their value if you're, I think, people to more of .

not really care to drive IT.

No, it's totally fun. Think about a George. Come back to me later.

This is the range. sure. God bless america. Welcome to the range of show. This is where we help you, america, win in your life, when with your money, when in your relationships to win at work.

I can common, and George camel is a long side trip late eight, two, five, five, two, two, five is the phone number. 是 ate eight， two, five, five, two, two, five. Let's go to Julie and Jackson, mississippi. Julie, how can we help?

Well, not. My problem is we are doing very well in my husband with a very and everything together, what works about .

four million .

about happy, that is his important, about her, and about half the inherent ance is a million dollars for a company that you inherit that was bought out. So my question is, I don't have that much in money. I have and I can.

I have five hundred thousand dollars in my name alone, and then I have about a one hundred thousand in retirement. And that's IT in the west. I think of as he is.

And I know it's not right. I know it's not hand. Do you think about he doesn't think bad that way. He is told me the tories concerned to five years.

are you the beneficiary? Are you you guys have all that worked out to where you you you each or the beneficiary of each others like to to actually your money or is IT all in his name and nobody knows you're there?

um. I want to say the business money, maybe in his name only.

well, is IT do you guys have?

Does he have a will? They won. They won't do one. I make them do one encoded. But IT, that was a lawyer, talk about IT do IT out, and I ve not seen that science. So I haven't found one .

that seems strange to you.

IT does. I think he doesn't want to meet. He's going to that. And his father was the same way. Well.

I have heard that if you don't do a well, then you never die. So he has there some merit to that argument.

So you telling me there's a chance.

Okay, so there's one piece of homework we need to get him to finalize. This will get a science seal delivered, and that'll get will help you both sleep Better at night. Number two, we have some homework to do because you said, I want to say that's not onna cut IT.

We need to figure out where's this money. What are the accounts? Is your name all these joint accounts? Are you a beneficiary on these accounts? I think you have a right to know in a marriage. And so we need to get to the bottom of that part. And on the other side, we need to figure out what is your next goal or are you looking to spend more IT sounds like you feel like you have nothing to your name and that your broke when really you have a four million dollar at worth.

right? And I don't know why that is. I don't know what I feel that .

was what is your what's your household income?

Um avernian about two thousand months and hey bring home one hundred thousand a year so .

he's bring home something closer to seven eight. okay. And do you guys have a joint checking account where all this money goes?

Not all of IT a fiction of IT. There's a checking account that are right from that. So the security money goes into and that thought that goes into IT is in his name is unlike the cambodge doesn't use IT. And then there's a joint account where he used to put off his bonus money in that I write doing household expenses from. But now with the company anymore.

don't you guys have have got a real complex financial situation with ninety accounts floating around out there? I think it's time to streamline and simplify and go.

And I think time of you to fly to their house and spent an afternoon with them. They don't get to get up from the table until they've walked through all this stuff. George, you were talking about this earlier this morning.

That's what this calls for. Yes, now that's not onna happen, but july George going to give you a checklist if as if he were, find your house and lock at the doors and taking care of business with you too. You guys have ve got ta figure this.

but are on the table and go, what are all the accounts? What's in every account? What's in my name? What's in your name? How can we simplify all this? I want to be on the same page within every thirty one years, we've done really well sort of accidentally.

And now I want to do Better intentionally. And that means having one account, all the money flows in. All the money flows out of this joint checking account that give us both transparency, accountability and it's gonna change our marriage for the Better .

because i'm no longer .

going to be in the dark. You know exactly what's going on with my money. I know what's going on with your money.

Do you think he would be upset that conversation? Would he shut down? I mean, thirty one year.

I think he would want, I think he would really is, is actually read me why you worry about IT .

most not a worry. This is that the best marriages have full accountability, full transparency and OK to good marriages can survive with one thousand accounts flow around. Well.

George, but play that out, go deeper than that. I think this is what's going on. So pretend is that you're talking to july's husband and go, what is this even so worried, go deeper than good marriages in all this.

Like there there's some real reasons as the why this thing is so disjointed and why bring you together. What would you say? So if he pushed you.

well, I would say that we're not here to attack you and get you defensive because we don't trust what you're doing with the money is just that you were clearly in the dark after thirty one years of being married. You have no clue what's going on out there. And if something were to happen to him, then put you in a real bind while you're grieving, you'd be trying to pick up the pieces from nineteen different accounts.

try to find policy numbers. Is that true? Is that sound right? Dually.

yeah. IT would be. I know all the paperwork is, but yeah, and this is some more. Three, so that the state is that the state was still the same way, is still most up two years after that.

You can avoid .

that guys are a for coffee tends in the backyard with it's I don't .

want to venit a full time job to pick up all the pieces. And if we can just get ahead of this now, we're going to have the next twenty years is going to be a dream because we are fully on board on the same page. We know where we're going. We know what's going on OK.

that's the angle.

And then I think there's another piece where you need to stop acting like your broke because you're not you guys make six figures and you need to be on a budget that you both have saying right now you're live in like you get an allowance, right? If you want to go spend some money, is that a conversation you just go spend IT without telling him what happened here.

I do. I think that I is moment.

just so as long as you spend only your money no well, that feels well. Doesn't so he gets to spend five times what you spend because he makes five times more than how works.

Yeah, the third been working.

Oh boy, that's a problem. How long .

you've .

married years?

Oh boy.

we coming into so much money until a couple of years of my wife .

now stays at home with their child the I said, well, honey, you don't bring in any income so I get to spend all the money. I'll give you a little bit of allowances for some fun.

but I get to spend like ten times more about how to be my guest.

I'd be lucky to be inside of a house we take in for butter. I'd might be attend .

in the backyard .

at that point. I'd like to stay in the vote. I G R. ounds. Like you've had idea of a vote, but we need to make IT very clear, especially on election day, that you have an american right to.

I think this is a cleanness mess up with camel is a show for people bring you in and you just fix everything. You just get IT all like this. Listen this, you say, listen.

july, you sit there.

clean, you sit there. I phillie huzza might. Think this the.

Hey, guys, i'm never done this before, but i'm partnering with a nutrition company, field of Greens. Each fruit and vegetable in field of Greens is selected by doctors to support heart, liver and kidney health, plus metabolic for healthy. 对。 And your doctor will notice your improved health, or field of Greens will give you your money back.

I can get behind the promise like that. Go field of great and fifteen per off with promote gres dot com slash ramsey. If you want a small business and you like the ramsey show, then you're going to love the entree leadership podcast.

Almost two hundred thousand listeners to union every monday to hear me take calls from business leaders and give tactical advice based on my thirty years of experienced leading. This is not a podcast about business theory. It's real insight from a practitioner who actually does this stuff find IT anywhere you listen to podcast or if you're listening on youtube or a podcast. Now just click the link in the description.

Welcome back to the razi show threw to have you with us. Triple, eight, eight, two, five, five, two, two, five triple, eight, eight, two, five, five, two, two, five. All right. I've been told that sometimes I come across like an alpha male. George literally .

never heard that my life. You have never appreciate that.

It's very generous of whoever said that to you. Well, you know, I was thinking.

we a is on the line and mega is on.

This is very fun. This is very exciting. You've never, ever actually talked to omega before. Welcome to the rainy show.

再见。 Come on, rock.

Thank you. Because obvious with america, James, the producer was wrong as island, but he had a little crane going on behind the glass. He's a very nice man.

He's very kind of me, but he had a little cringe on that. But I knew you would appreciate IT. And so america, if they stayed with me. So thank you. Amy, go.

I appreciate, I appreciate IT you.

But you should. You got a great names. So lot of .

people make that. But the way you made IT with the special .

is a special guy. Take that, James.

you just made a friend for her life. Mega megas, my friend and and i'm her friend. So how can we help?

What did you guys get my question already?

Or should I say all they .

like and blind 哦 OK so this doing I um i'm a remote closer， basically sales online. So some cells, sales in the end basically my goals to help people make Better decisions so you can improve their life through cells， right? right? And so usually but the goal is to work for programs that you know offer some sort solution to someone's problem.

And so I am new to the field and so I recently started um applying for jobs and one of them was for a leadership program where they teach leadership to people so they can might lead their companies Better, right? And so in order to be a part of their team as a remote, closer or the end setter, the woman I spoke to on the phone says that I have to invest in their course course. All of their employees have gone through their course. The course is five thousand dollars.

No.

I have budgeted.

You work hard.

hard part. Please don't give them a dollar. This is A M.

I see.

This is how they're actually making .

money as a company. There anybody lead?

It's like a multi I level marketing thing where they go, hey, you got to pay us five thousand dollars as a start up cost. Take this course to then sell this course. Don't do IT if day rams the higher people, he doesn't charge them to go through financial peace university. Hey, as part of a team member, you're going to go through this course.

We're paying for IT and domestic legitimate companies. They hire people that they believe they can invest in and get a return on the investment. They don't make people invest in them.

They hire them and then they train them. Legitimate companies hire people and put real man power, real resources behind training someone. Uh, and so this is all backwards, and I want you to run from this. I cut you off because there is zero reason for you to continue considering this opportunity is not an opportunity is an absolute trap.

and I hope you know this. But in the industry you're in, there are a lot of huggers out there in this dm setter online sales. I I think you're in a legitimate field, but i'd be very cautious about what companies I work with.

okay?

Are we still friends?

Okay, we are still friends. I appreciate real truth of the .

true calling, saying I paid five thousand dollars for this course to get a job. Did I get you .

should never pay yeah to get hired.

O, K, so can never follow question alit.

okay.

So when I was on the phone that he was telling me all about IT right and um I told her that my one concern was that I only had one hundred dollars to spend. I have money in my count, but if all budget, I have IT in my in my emergency phone, which by the way, saves my life a week ago.

Hey, hey, hey, all right, we like here.

Nh, yeah. And so um I have a all budget is so I can spend that, so I only have one hundred dollars, but but I can spend and I made IT a goal i'm earlier like the beginning of the summer that I was not going to go into debt. So I told myself i'm not going into debt and then when I was the first 是 i told that all like， yeah I mean I could I could do that but I don't want to make my parents go in that for me. I don't want to go in that for myself. I'm gonna like, make the money invented for the course.

Okay, so what's the question?

But so the question is, when I told her, I SHE basically like, well, when you're in sales and you're trying to, like, grow your Young, you need to invest in yourself. And right now I do time to invest in yourself. And the way he said he was working that .

that really she's in self. She's a huxter.

You do something with IT you are you asking to follow up? We've already told you about.

Why are you asking?

Is this weve already told you don't spend one hundred dollars, don't spend the cent with these people?

You're saying, well, SHE is saying I should invest in myself.

Is that not true? Is that what your question is?

My following question isn't regarding the course is regarding in investing in order .

to get A A return. Yes, you should. You should invest in in an actual course.

not from a fake gu five thousand year dm setting goals.

You want to invest in a certification from a legitimate training school or a trade school, or something like that, that is directly tied to. I now have a skill that I need to be able to climb. My latter, the professional latter.

Yes, invest yourself. But can I have to say this? I would like you before you ever spend a nickle right now investing in yourself as a sales person.

I'd like you to get books from libraries. Libraries, they are free. They're free on sales books, okay? Or get use books on amazon.

You can get a fraction. George, how about podcast on sales and and things of nature? There's so much youtube that you can do for free. And now we're investing time in investing our focus， not investing one hundred dollars. So you're good, kid, you're good .

as a fun. Like I can just be confident in like never growing into that .

even if IT yes, I lead you. You should never rationalize investing in yourself to to allow yourself to take out debt. You should never go well, i'm taking out debt, but i'm investing in myself. It's actually not the truth, George.

which you call is a smarmy sales tactic they're using to go well, you got to rest yourself. If you want to make a hundred grand, you ve got to put five ground and in at just how works in the business. That's the kind of stuff they're telling you and you need to run far away.

I don't know if this industry is even for you because it's mostly for people that fall for games. And that's not my friend omega. So I would find a different sales role that's legitimate with a real company that sells a real product, not this. We sell sales offers and appointments.

You can invest in yourself by by paying cash. You can invest in yourself by taking for your resources. All of that, an investment is a false narrative, a faulting notion that you have to go into debt to invest in yourself.

So there is a mega, thank you. You are a bright, bright soul. I love IT.

She's so hungry to win and she's gone to win. But you talk about this a lot. In breaking free from book, you call them traps. You follow that this is a trap that is now become a trend. They are hooking people on social media is to get rich quick, all of stuff.

And there is so many of these gu huxstable out there being like, i'm going to increase your sales by one hundred x and if you just I can help you get nine hundred offers and it's all just a game. And here's what they are doing. They're selling their course. They're not actually helping. Anyone know there is getting a bunch people .

to take a course and literally trying to trap this Young lady. Well, you've got invest in yourself. This five thousand dollars you spend with us will be the best investment you ever.

I can hear the crap right now. So because we're friends with omega, I mean, he and our friends, you are kind of like an acai tance because you're intern. Thank you.

Uh, but if you're OK with that, I would like to give her your book free from that. great. I think you will keep her out of these trains .

and traps so also gift your book, find the work your wired .

to do with that. The assessment, just take the assessment as well. I was going to say that. But thank you.

Help you avoid traps. How clearly around you in the .

work you're wired to do take the assessment omega, and read the book. It's like me coaching you through and then breaking free from broke. I got to read IT or get temper from getting into all of us, trains and traps.

So it's nice to make friends. Very sweet. You know, a mission. I know. What's that, my mr. Roger cardigan?

We going to get that on the break.

Maybe we'll do that. This is a realy show.

Are 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 slide ramsey to learn more. And while you're there, look at the combined checking in 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 dorg slice ramsey folks. The ramsey Christmas 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 inner daily for your chance to win at ramsey solutions dot com flash give away, it's that easy plus 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 hard day budget ramsey solutions outcome slice store.

Welcome back to the rani show america. Thrilled that you are with us. I can come. A George camel is with me. The phone number is triple late eight, two, five, five, two, two, five.

The one to show question, the day is brought to you by y refine why refer refinance defaulted private student loans and other places won't touching give you a low fixate loan built just for you? Should risk lowered her payment from get this George, two thousand dollars to six six hundred eighty dollars. Ow, with our friends at why? Ref, I go to why?

Ref, I dot com slash ramsey to learn more. That's the letter. why? R E F Y doc com slash mmi may not be available. All states.

Today's question comes from Cameron in arizona. My best friend is bounced around schools trying to pursue his dream of being a sports team mascot. He has a math degree, a hundred thousand dollars and student loan.

That and a terrible living situation with his parents. He can't manage to get any reasonable paying job for a person with his education. He currently earned seventeen banks an hour counting money at a casino several years ago.

I inherit five point five million dollars, which I ve safely invested, and I ve since grown over seven million. I've never touched that money except for the house that I paid for in cash. And I live off my real income, about one hundred ten grand. Can I gift or lend my friend one hundred thousand dollars to pay off his loans? If not, why lot .

going on on here, but will stick to the question at hand. I'll go first because you're the you go I want to hear you hear the money guys. We're going to agree on this one.

The question is, can I gift or lend my friend? You can give IT. You can lend IT. But I think the question is, is that okay? And the answer is, i'm going to go fifty.

fifty split on this one. okay?

It's okay for you to gift one hundred thousand dollars to pay off alone if IT is truly that a gift. And you don't expect anything out the friendship, you don't expect anything other than I. I care for my friend so much that I want to help them this way and there's no emotional strings attach. You can do that and i'd be OK with IT.

Um but no, you're not landing IT because now you're just replacing you're moving the the debt from one pile to the other and IT could create a lot the chances of but if if of the money that this camera is telling us, I if that's what you want to do, you, anna, give IT, that's fine. You give IT you a lot of money. You can give them that.

I'm not going to saying no to that. Now if you asked me what I would do, um I would I would be based on the relationship to wear if I felt like this would be a massive hand up to somebody then then i'd probably consider IT. I don't know that I do IT, but the question is, George, that i've that are restless with on this.

I'm really fifty fifty on a given the network and all this kind of stuff. Um the question is, would IT be a hand up like would IT revolutionized this person's life? Because that sounds like this is a professional server.

And I don't mean that knocking surfer, i'm saying he's just kind of ride in the next wave and the next wave the next way and think you need to grow up and he needs to to make some, some real commitments to growing up to adults. So from that, the empty George am a little nervous about that. Does that really help him that much?

Agreed what you think? Yeah, I are. You know, based on principle, I would not do this like you said, can you? You can do IT you want, but I think it's going to hurt the relationship when you kind of have this hand out to him without ever really changing his habits, his behaviors, right? And clearly, his growth is stunted here.

And just handing a one hundred thousand dollars to pay off his debt, or lord knows what he would do with that if you just gave IT to him that's a dangerous senate. He might know he works. That's frightening.

So again, I don't think that the student loans are just the symptom of a very ugly, a much bigger problem, which is this guy has no real life purpose. He's got all these debt. He's living with his parents.

He's got the degree without in a show for IT. He's trying to be a mascot while counting money at a casino. He needs to aim higher in life and you giving him this money does not solve any of those problems. Most like.

that's what i'm going, that if I was a true hand up to where his life had changed and that was going to be like me. And this is, this is helping somebody that cannot, in this situation, help themselves. He can. So I understand the heart behind this. I think it's a really, really kind thing to do, feels like are ending, but it's taking but you would have to know that you are essentially agree to burn .

one hundred thousand dollars exactly. And this relationship might not get Better. And in fact, IT probably will get worse because of this transaction. He's going to a feel .

a level of guilt. I feel like a softy.

I I harder on that. I would never do IT personally, I never does anyone to do IT. But you know, to free country, you can do what you want when .

you get seventeen bugs. That's the only reason I even on that fit.

But again, that money was given to you to manage through inheritance, and you want to manage IT wisely. I don't think giving this money to this party, he does like a wise money manager might take.

I like IT saris up and bosman montana. Sarah, can we help?

Hi, I think you protect my call.

You bet what's going on.

yeah. So my husband, I are on baby stuff. Number two, and we're hoping to buy a home and about three years. So my question is about our credit. We each have one credit card each, and we recently realized that really not a good thing for him to have a created card. So he tutted up the other day, which was great and we like to close the account um but my concern is that we want his score to go down to a zero. What i've read online is that I can take between like two and ten years to do that.

Read the right log, my friend. It's more like six to twelve, yes. So it's it's more like six to twelve months once you have paid off all of your deaths, all the accounts or close.

So no open lines of credit whatsoever. Six to twelve months later, in general, your score will become indeterminable. IT doesn't actually go to zero. It'll probably take some depth and then it'll just fall off completely to wear. You know, if I check my credit ball right now across all three burrows, it's just onna come back indeterminable.

okay.

So when I was in your shoes, sorry, yeah, I want to tell you, when I was in your shoes, I paid off my dead and I went to go buy a house with no credit score. And I went through a process called manual underwriting. And that's where they just go through your actual tax returns. You know your utility bills as long as you have proof making payments on some trade lines like your utility bills or cell phone bills and you have proved that you've made on time rent payments every single month, then we'll grant you a manual under written, lean on and give you a no score alone. So I wouldn't let that stop you and I wouldn't let that keep you you playing the credit card game just to keep up a score.

Okay, great. Um I know you're not about the car loans and our goal is never find the car ever again. We all about seventeen left on my current vehicle and then we're going, we done with the car and forever. However, we do want a big families, so we're going to hold and a lot of kids around some days. So we just kind of keeping that in the back of our mind. If we ever hit the point where we needed a large of vehicle like a van and we didn't have the cash to pay for IT, if we have an indeterminable credit score, are we able to finance vehicle or off the table?

I feel asking the wrong question here. sorry. The real question is what must be true for us to able to pay cash for a reasonable van? The answer then becomes, oh, I guess we're going to buy the ten thousand and event with more miles on IT, and we're going to do a prety purchase inspection.

You see, you see how the mindset shift changes as you get at a dead decide you done with IT is IT when is no longer option? You get creative and you start to go, what can we actually afford? I know four years from now, we're going to need to them because you don't have a bunch of kids yet, right.

right? We just have to.

We've got to. So now if I know, hey, two years from now, i'm going to need a minivan. I want to buy a twenty four thousand dollar minivan that looks awful ly like saving a thousand box of months for twenty months.

okay? That's how successful people actually .

hit their goals, not how can I get the lowest payment? How can I get my score high enough that they give me the best financing that's broke. People talk and my friends says, is not broke person anymore. She's done with that life. You agree.

sir.

you have to get two kids s how worthy.

I've got one who've gone to be two in december and a three months.

yeah. So you already know how quickly a two year old destroys the inside of a car. So we don't need a twenty five thousand dollar van. We need a functional van from a good automatic .

er that is a reliable .

car just to stroll the inside goldfish and everything sticky. And like I try to tell Young parents, don't don't go buy a nice car to hold the kids .

around set when I draw on IT with sharp y, that really happened to her friend Rachel.

Chris has meet.

And this, not yet SHE doesn't have .

access to sharpie. Ce, good father. This is the remi show.

Hi guys, today, rams here and I got a big announcement. I'm coming to a city near you live on the money and relationships tour with doctor john lone. This is the most interactive of them.

We've never done. You get to decide what we about. You do not want to miss this or becoming the level germ atlanta photo x forwards and kansas city in April and may of twenty twenty five. Get your tickets and more information at ramsey solutions time slash tour.

Thank you for listings and watching the rams you show triple ate eight, two, five, five, two, two, five. Is the phone number excited that you're what I can common George camel is join me. And boy boy, we've been talking about this.

I mean, we got ta be getting close to set and sale, aren't we? George? The live, like no one else. Cruise, a large twenty two, three, twenty nine, twenty twenty five. This is a premium kerai.

An cruise, holland and america's new statton dumb ship with all the great foods, all the fun things to do, world class content that you can expect on a great cruise like that, plus you get all the range personal tiy speaking with me in some fun stuff together uh, country music legend Diana card or receiving curse geometrical Kennedy is a great comedian kind of known for a spools ing dave and a world class chef money show hon um will all be joining a the rains personalities, including georgino. So range solutions dot com flash crews is where you get your ticket. Rainy solutions dot com slash cruise.

And it's going be it's going to be a lot of fun. So we're hitting turks and cake. Is porter cos Thomas in the bahamas? Have we have validated whether not James is coming? James the pressure?

I don't think he is an official work. We're not doing any line rames y show. So he's he's off the hook. Well, that week he'll probably having .

his own vacation. Are you .

doing the show? What we're on the ship, so i'll be on the ship .

will be in here to the we do IT for me. I feel like he could do to be a very chill, very nice version. Love to see his impressions of us. He could do IT.

I'd get darky will I think .

IT would actually blow up, actually, probably would have be really great. Um alright, you could check IT out raises, loses outcomes, flash crews. Alright, Carlos is join, is down phenix, arizona, carlo, to help.

Are you doing .

where have a blast? How are you .

ready here? I'm actually a little bit of yeah situation here. I'm going to see what the best force of action would be to make the best decision possible.

So I have i'm curly. I have a copy right now. It's track payment.

I got a the baby steps a little bit at order with my, we got a house of the emergency. how? Emergency funding? Now we have that car for me.

But my biggest issue here, my work, I currently a plan full time, I like doing IT into my gap is not really my passion. So I kind of want to see if I should turn back the korean to, like, create back in, get rid of that day. And that's finally were over there.

Maybe that too.

or if we should, uh, look for another job. I keep the car, but I might be taking a little bit of a paper.

No, we're definitely not taking a pick up while in baby step .

two period ever.

So in baby step two, no, because in baby step two and I am going to go head and say baby step three as well. I would never take a pae cut in baby step two or three because those steps as baby step one IT also requires intensity and so we want to make the most money we can and uh in this situation um you're good at IT.

You may in may not be your long term play but I want you to stay being a plumber and then see if you can pick up extra hours, uh, extra jobs maybe worked for couple from plumbing companies. I mean, I know there's just about every major city amErica there's a demand for pommer. So in in my case, if I were you, i'd be working extra using that very skilled trade. What do you make per hour?

A maxie peace rate does the big thing. So anything I do or everything I do is what I get people for the day. And IT makes pretty good, I think over on the army, about eighty thousand.

I mean, uh, so my point is, is you could get extra work as a plummer, true or false? Yes, yes. So that's what I would do. Now I I want George away in on this because I tend to be more aggressive on cars. But so in the words, I would get right of the car, not keep the car payment.

So if I were to get rid of IT right now, it's worth around one five and I was thirty. It's a truck. And the reason as he got IT was for the plumbing like that up everything like that, because I have a company work track.

See, you don't need this car.

I don't need you right now. Get get d .

when you say .

it's worth twenty five k, are you talking to about trade in value or you sold the private party?

If I thought the private party maybe idea like twenty eight, twenty nine.

lets do that instead and then the difference that you can cover the party underwater on and we're going to use the savings to cover that. How much do you have savings?

I have about twenty .

thousand and you got twenty k in savings. perfect. Yes, you're pretty close to just being able to pay this whole thing off.

Yeah, that was my other question, said I completely just go super intense pay this off and I mean, i'm pretty trying something like few months I can get this.

So let's say you you need to save up another ten grand to go ahead and just get this thing paid off and leave you with a few thousand emergency fund, then will restock the emergency fund. So basically were doing the baby steps in .

order to change my opinion. George, you know what i'm going to say now?

Keep the car and aggressively paid off. Stick to the plumbing jobs once you're dead free with emergency fund, then we can think about the new career path. Yes, and I I would liquid IT IT. Now, I mean, go down to one thousand and the emergency fund put nineteen down on that car that leaves you with eleven left. That's gna really put the fire under you because number one, you're going to, oh my god sh my gosh, i'm not safe there goes my emergency one and you go, oh gosh, he's on election left on making good money with between my wife and his income get on a budget. We can knock this out in four months, right?

Yeah.

just about and you bought this truck, you said so that you could do side jobs. How many side jobs that you've been doing? What kind of extra income even bring in the last ninety days.

the last ninety days? IT berries. But I could be up to like another five to IT pretty much covers the carpet management. I got like seven hundred.

That's not a lot, my friend, you know, I had a sneaky suspicion. And carls, i'm not being unkind. I'm on team colors.

I had a sneaky suspicion. You won't do in a whole lot extra work. Five hundred, seven hundred box for a plumber is nothing. Then you're not you're not bust in IT, get out there and bust IT and then you're going to be able to do what George told you to do that that. So we'll revising our answer, I think, in this case, keep the drug .

paid off OK. What do you want to do a long term?

And you say passion, and that makes me nervous. Sometimes I want to make sure you get the talent to do IT you're motivated to do IT. So what would do you have an idea about what direction you really want to go?

That's not too well. Like i'm to share back and also a router. I have my related license and I do IT every year in the part time and maybe because about like three deal a year, so not too much, but the same time. But i've always been more into like learning about finance and all that have to sing some made like a banker, even helping people out like with their finance. I'm not like the most educated person when he comes to, but something a right.

So there's a way to get sure. And the answer is to get clear. You've gotto be clear on what you're really, really good at doing, what work really, really fired you up and then what results you want to contribute to the world.

And i'm going to give you because you get some work to do on this. I don't want to give you the book, find the work you to do. IT has to get clear assessment in IT. And if you'll commit to me to take the fifty eighteen minutes to take the assessment and take forty five minutes to read this little book that I wrote, it's like me coaching you. IT will give you some real ideas and give you a process to confirm which idea you want to go for.

And and that's gonna keep you going in the season where you're working a lot, get not a debt but stay in the plummer job, figure out your next path um and then get the emergency fund fully. And then now we start cash falling, whatever training. So let's say you decide you want to go into a begin being an um an investment coach. You know I mean, i'm sorry, what is the George you no just advise like you doing investment .

address investment.

Thank you. I'm i'm i'm in a hurry here. And so carles, if that what you decide there is training involved with that, right? And there's cost.

Now we've got all of our debt gone. We've got our fully fun and the mercy fund. And so we've now have disciplines and we've got margin and cash to be a lot to pay for the training. And then we step from plumbing work right into this new path. That's what we want for you makes sense.

Yes.

that's the path. But you gotto pay the struck off and get out of dead org. I still consider selling IT.

It's not like it's weighing on you and your goals. Me more than the product does. I pride to sell IT and cover the underwater .

difference with cash to go by ten, two thousand hours. Still have a nice mery build on. I like this plan.

That's what I would use. I would absolutely choose that. Hey, we gotta like carls go in. The rest of you remember this um if you are not on the radio audience right now, this is the end of show but you can go get the rest of IT on the rainy network APP. So just go to the shower notes, click on that link and i'll see over there this is razi show.

Hey, you're still here. What are you doing? You do know that the rest of today is, show is playing right now over on the rain network APP, right? All you gotta do to finish the episode is search rainy network in the APP store, google play store, or just click the link in the showed tes to download the APP or free.

Yep, you heard me right for free. Then right there in the home screen, you can watch the rest of today show about being possible. All right, i'm get out here. enjoy. We'll see on the APP.