Don’t Try To Solve an Income Problem With More Debt
01:28:38 Share

From the rami network, the ramsey show i'm jay version next to me is doctor john. tony. We're going to be taken calls about your life, your money, your relationships. You guys are to know this, but doctor john is the resident relationship.

Can I call you a gu? Call anything you want to? Guru, be the nice thing and becoming today.

I'll go with gu and i'll hit you up on the money side and will cross the paths as needed if you want to get involved. This is a live show, so you can call in right now, eight, eight, eight, eight, two, five, five, two, two, five gets you on the line. All right.

We got eric from seattle, washington, starting us off. What's going on? Big e.

hi guys. Thank you guys so much for having me.

You're welcome.

How can we help a little bit nervous. So i'm accurately a small business owner and i'm looking for for your advice on what to do legally, morally and ethically. Um so I started a business two years ago um with a good friend of mine was just new and professionally um and after one year um he called me out of the blue and told me that he has cancer and I thought really bad and we decided to you know kind close up you know our business at that time, we had about sixteen thousand dollars of outstanding baLance that we old in various that um at that point.

I just message them once to see now if he's okay with covering his hair um he didn't respond so I didn't want to press them because you know you know he has cancer so I just paid the sixteen thousand and from my own pocket and we close the business. O it's been about two years now. Um i've been china just calling him, just not even mentioning money is O K are you OK how's you like? Is everything okay? He hasn't answered me.

Um doesn't reply. I was wondering what you guys would do like, you know, legally, morally and ethically, should I just let her go? Should I try to pursue IT IT?

Um yeah so do you feel like he's duckin you because he thinks that you're onna ask about this money? What do you think you know the guy, you know what your relationship was like before this or is IT that he's quite sick and he's kind of off the rater? I mean knowing him.

he's a little bit I feel like IT can be both really um my god tells me that you know he's actually sick but I feel like he can at least answer a text or a call and you .

know three years .

about the .

money you what we .

want like friends, we just knew each other like professionally from like um previous work we worked at the same .

place and yeah I mean, what was that like when you guys close to the business? What did that look like? Because I can't imagine running a business with somebody that i'm not indirect contact with on a daily basis. I mean, you you're do everything together. So what happened something happened that caused you guys to kind of we don't talk much anymore, something had to have happened in my in my wrong yeah.

we were just planning for our next stage of expansion. He was in charge of you know like tracking down new clients and try to expand this um and he just call me like one day and the day like um well, he hasn't been taking up my phone lately and I know he finally got back to me after a week and he told me that hey, i'm currently dealing with some health issues and I was like, what happens I got currently have cancer and I know he's a single that OK so you I just wish them all the best and then on the same color, like OK, well, like let's close up the business because I want you to focus on this and I can can Carry the song without you OK. Um so the next step was we call their accountants and we term we submitted know the notice of termination. We got his signature um and you then you counting sentence the bill as well and after that you really hear back .

from here's here's my thought de like on any front like let's say he's a total sum bang he just play on you right to run a two or three year. I've got cancer in a single dad rules. Did I want nothing to do with that human being?

Let's say he does have cancer. Maybe he's in remission. He's working really hard to scared him to death. He's just trying to keep one foot in front of the other. Or I just go back to the emotional and spiritual calories you have burned over the last two years for eight thousand dollars.

which is a lot of money yeah.

I don't I want to minimize IT, but I mean, if i'm in your seat, rush my shoulder after i'm going on about my life. Interesting, john, interesting because either you're going to see a guy that told you he's got cancer.

right? Yeah, I don't think you have to go to that. I mean, can I just ask, have you I know that you're saying, hey, i'm contacting him and i'm contacting him under the guys of like seeing how he is, but have you just actually said, hey, I don't know if you realizes, but when we close the business, there are sixteen thousand I just paid IT.

But are you know, truthfully, we went into this together because business is business. This is not your brother, this is not your uncle, like is not your dad, like business is business. And so there's part of IT that I would be like, um I would love for you to pay your half because I came out of pocket on this in sixteen thousand dollars, a lot of money. And then maybe he does say, bra, I love to pay you, but here's what's going on like I don't feel like there's anything wrong with .

opening up that conversation wrong with IT OK. But let me put this way, what you're doing is not working.

yes.

So either your you're a true friend and in your bodies, dinner, cancer, your body, your your former business part of body and you go knock on the door and you say, hame and I miss you, you're not turning my calls if you are ride. Or you let this thing go, but you just like bought, lobby a text every once in a while or logged, lobbing a voice. Male one is just not h, it's making you crazy. And if there is a hurting person on the other end of this phone on the other in that line is not work and it's not going through.

okay. So you recommend just just visiting an in person or just forgetting about IT.

I think I mean, ji an I think she's exactly right. Business is business. And so if you want to go track down your eight thousand dollars, the way you're trying to track IT down isn't working.

So either knock on a door or send a letter from a lawyer, that's really your two options. Or you've tried for two years or two and hf years, you either he's a sm artist or he's just struggle in man and either way he doesn't. He's communicating you through his behavior. He don't want talk to you.

So let IT ride. Yeah, for me, you've said nothing about this guy that denotes man. I had a great relationship with him, and I really wanted keep that to get like there has been nothing of like we used to be best friends or good buddies.

At least you haven't said that in this conversation. So in many ways, it's like if you kind of press this, there's IT doesn't feel like there's much loss. If you press this and he kindly gets you, he starts feeling some time away about IT, right? It's not like IT where you're dad or if this were your best body in my right? Or is there more that .

you didn't tell you? You're completely right.

You're completely right. Yeah i'd press IT. The truth is if somebody says I don't i'm not going to give you this money yeah, you're not going to get IT without some sort of illegal um situation going on there and you get to decide that.

But i'm with john, md. I'd press them. I'd find out worry work or i'd find out worry lives and i'd pay of this. I be like him.

And what's gone on? You just dropped off the face of the earth in in checking with them first. But then it's like, let's talk about this eight thousand dollars because that's not a little bit of money. Um most people feel that greatly so thanks .

for the car you you strugling .

right now financially. No no I mean eight thousand dolla lot of money, but it's not like it's gonna kill something.

okay. Do you do you want to be french to the student?

Are you genuinely worried about him? Or are you reach and not just to get your money?

At this point, I think it's more about the latter than the former um because it's it's just giving me a little more like my suspicion is just growing more and more um just because it's been know about two years and .

I just even haven't heard from .

that that O O that's what I wonder you see with us.

I I have no idea.

Yeah so you're creating stories that are keeping you up at night, not him. So I would say act either either make IT a point in your spirit just to let this thing go, go get a corn, go visit him, or go contact a lawyer, have a lawyer, write a letter. But that those are the three direct things. You can drop IT, you can friend IT, or you can make IT illegal action, but you just sit on and spend up stories about what he may may not be doing as making you crazy on the inside is not worth.

This is the rosy shape.

okay? Here's the hard truth. Your investment dollars could be winding up in the pockets of companies.

That whole positions you don't don't agree with people are unknowingly putting money into tech giants and household brands that don't match up with their core values. But here's good news. Timothy plan is at the forefront, biblically responsible investing.

That means Timothy plan uses a strategy that lets investors chase competitive returns while staying rock solid in their beliefs. So we are ready to invest with a clean conscience. It's time to check out Timothy plan request information at Timothy plane outcome to learn more or contact or financial advisor today to see if Timothy plan is right for you. Timothy plan dot com investing .

includes risk including possible also principle before investing carefully consider a funds investment objective risk charges and expenses contained in the perspective or summary prospective available at Timothy plan that com we carefully before investing mutual funds distributed by activists y partner's L T D and E T S dirigo ted by a four iphone services L L C. It's the ramsey show. I'm jaded next to me.

Doctor john the loney, happy halloween. If you celebrate that sort of thing, are you a spooky halloween? Like creepy halloween.

scary movies. I like the houses, and I love eating my body with and Candy and having everyone not like look at me like wrong with me so I want to have a .

Normal night without everybody looking at me like i'm yeah .

I mean you may like canine everyones like that halloween so I feel like I get a fast um but also like to bed like an oclock so this is a tough night for .

me yeah I hear that. Are you like a chocolate or like a Candy, like hard Candy person?

I'm not super discerning OK I just returning. I I always get a frustrated with the joy intria folks but other than the jewelry and of people and I I got a stiff dead tax. I'm trying to teach to my kids about the future of the world. They're to be inherited with high, high taxes. And so when they get home with Candy.

I go through a dead taxi. Listen, I always say paid is very underwater. I get sad every halloween. There's lesson less paydays that are given as Candy. I know that's one of my favorites.

Kids like mine ruin did yeah.

There's lesson less butter fingers going out that bothers me deeply.

all of my heart. Yes.

I know what i'm .

talking about well, because I talked a lot. I used to make one of everybody when I was a kid, and that's how what the universe gave me, a peanut allergy kid. They're oh, what you get one.

So it's kids like mine that are roaming if everybody I I didn't .

make connection now I there is gosh, if an adult peut like Candy party.

let's move on.

I realize I just wait in some fragile territory. There's a bunch people I got together and they're like, k, let's all bring paydays .

and butterfinger .

of an awesome IT would be awesome. I got .

to how's go and there is little weird .

but glad that out.

Michael. We're sorry. What .

good, good.

good. What's up?

Um yes so I will actually call and I I live paycheck to paycheck and I make like ride under forty grand a year. Um my wife doesn't work, he says all of the kids um i've cut cost I mean as much as possible. We're still just not really saving any money like I just feel like i'm beating my head against the wall and i'm trying to get us into a house and things like that.

But my man question is, what is the best way for somebody like me? I have no retirement. I have no savings. I have nothing for the future. And thirty two.

you got to Michael, you got to make money, brother. You don't make a forty grand. What do you do for a living?

Um i'm i'm a similar maintenance manager um and you know work forty hours a week or whatever, but I started on business this year. Um landscaping .

what is one? It's gone .

pretty well. I brought in right like eighteen thousand this first year OK, but i've also spent every single dollar getting no Better. So you invested .

IT all back in. You didn't. And i'm actually .

in a good point to, I think actually make a profit, but I haven't paid myself out of that business and i'm I feel like i'm just kill myself trying to juggle everything and then not getting anywhere. Yeah I I am top well let me .

let me bust in here um tell me tell me a little bit more about your financial snapshot because we know that you're making the forty thousand that it's i'm not gonna e to you. It's gonna tough to to make your way with that um and then you started the side hustle, but you're reinvesting all the profit, which in this case, if it's a side, have so pay yourself and grow the business later. Right now, you need cash.

So let's find out about the dead. Do you have any dead going on? Is that robbing you?

Well, so the past year in a house that i've been here, i've focused on paying all my craft cards down. I have like practically no credit card and like one hundred and fifty first, you know, and the main things I have a mind and my wife to vehicles.

Okay, I tell me what they're worth .

and what you are wanted worth is and what .

you want and probably .

collectively twenty thousand together and probably collectively start on tell .

me actually tell me what you are .

wanted and tell me what forty one person interest um and i'm actually refined. I'm in the process of refinancing IT right now um but it's really all I can get at the time and so I took IT uh the truck I bought IT for fifteen thousand okay.

at forty forty one percent.

Yes yes OK.

And what what's IT worth? You're bought IT for fifteen thousand. What's IT worth now if you were a Kelly blue bucket .

private would probably be about about nine or ten thousand likes.

okay. And what's your payment on IT?

My paintings is uh four hundred and forty five dollars a month.

She's okay. Now tell me a little bit about your wife's car because i'm going to try to find you a way out of some of these payments because these are what are um you can't breathe, you know so tell me about your wife's .

out uh SHE has a toho is a twenty, is a twenty thirteen um we 家 for twenty five thousand .

hi yeah .

what's going .

on here is your cars。 Your cars are almost what you make in a year.

Just yeah .

that's part .

by weekly and IT takes one of my check, the table of the vehicles and most of insurance.

okay. So now that now that you feel that then I don't need buy and going forward, we know we've got to get rid of one or both of these vehicles somewhere or somehow. So hers is work twenty five, or you paid twenty five for hers. What's hers worth if you were to sell IT? Not not .

really probably twelve .

thousand ah .

what's going where good?

Why are you going into these sub prime loans? Where are you paying forty one percent interest in doing all this? What's the what does IT get .

you on the on the taaoa? We got like an eight percent interest story. I got a pretty good interest story on there. Um the thing is IT was so IT was just older but a real like an eighty year old woman had had like six thousand miles on IT is still going great yeah .

but here's here's where I want to get you to. Here's where I want to get you to um I wanted get you to the point where you look at these vehicles and you go this was the worst decision. This is getting me nothing as long as you look at IT and go, oh, well, that was kind of good or I need at this or there's not going to be much I can do to help you.

You have to look at this and go that was a domestic ever did. I'm never doing IT again. That's how we know there is a turning point that's going to happen.

And I hope you get to that point because truly, some things behind this for you to make forty thousand dollars a year and have almost forty thousand dollars in vehicles. I mean, you, you, you, you're shoot yourself in the oot at that point. So guys .

can say my I think, I think, no, that is, you don't make any money, but you are living a life that you want to be living. And what I mean by that is, bro, you can't afford for your wife to stay home right now. You don't make that kind of money. And I know you want that and I want IT for you, but you can afford IT.

I have three kids. Well, in main that's a even .

more reason to tude.

But but you got, you got, you got cars that are nice and there may be older, whatever, but that you can afford. It's like this. I want to have a toho.

I want to have a this nice truck. I want to were going be a state home, single income m family. All of that works good on paper, and that looks good on instagram. IT doesn't look good in reality. How do your kids.

men, thirteen, ten, two, and my wife spraggon, right now with another one.

OK, you have two that are in school and you have a two year old.

right?

yes. Is he home school? And also.

uh, no, no. The the, the, the girls are in school. And SHE SHE stayed at home with my Young gest. And like I said, she's seven months bringing that now. Uh, SHE has not been working for I guess it's been the past two years um SHE took off for my Younger .

let me .

ask you .

what we're going going to run that time here. I actually to say this that lot right. You got ta look yourself in the mire and I want you to there's no ability in the job that you do.

There's no ability and start to IDE. Also, you've got to go make more money. You've got a family of five and another one on the way.

You got to get rid of these cars, right? We got all these car loans. And stop doing what, quote, quote, looks fine.

You got to go scorch earth with cars. No debt. Hang on the line. We're going to give you fp u, our gift. I want you want to watch these videos and .

can commons career assessment, because your core income is an issue. No side hustle is going to help you get out of this. You need to change career paths and can come and can help you with that.

What does the future hold for business? Ask nine experts and you'll get ten different answers. Economic growth or a recession. Business taxes will go up or down A I will help us work replace. But there's no such thing as a Crystal ball.

That's why more than forty thousand businesses have future proved themselves with net sweet by oracle, the number one cloud enterprise resource planning system. Ramsey solutions users next week. And you should too, whether your companies awning millions or even hundreds of millions, that way helps you respond to immediate chAllenges and seize your biggest opportunities with one unified business management.

Sweet, there is only one source of truth for the visibility and control you need to make quick decisions. Next, switch real time insights and forecasting help you see into the future with actionable data. And when you're closing the books in days, not weeks, you can spend less time looking backward and more time focusing on what's next.

And speaking of what's next, download the CFO s guide to A I and machine learning and that sweet dot com slide. M Z. It's free and next sweet dot com slicer.

You're listening to the rims you show i'm jay walsh a next to me is the doctor doctor john the loni 就 i'm really excited because the time is running out yet again to book your crew is john。 I've told you many times, if you don't book crews, you ve got a book IT. Now there are more than ninety percent full. And so if you were thinking about going on this cruise, now is the last chance and there is no guarantee that i'll you'll have another chance. So you Better .

booked IT and there yeah going to go to a Christmas gift and don't forget the kin common pick ball chAllenge and the George camel can involve the pool chAllenge. He's taken on all commerce if you want to go .

see that interesting okay, speedo .

required orka.

That's well, I do need to say we're talking about all of these fun amenities, but it's not your average cruise. This is actually a very premium. Cruse honen amErica is top draw, if you will, join IT is is a nice cruise and we're going to really nice destinations.

I've cruised the zillion times i've been to all these places. They're actually really, really great. Turks and chaos porto rego, saint Thomas bahama more um how america's new stand dumping is beautiful.

The way the theater is join is like around and all the way around three sixty basically our lds. And so was a very immersive experience. So to be really, really fun, really great food, really great entertainment, their specially restaurants on board, there are excursions that you can do.

So this is everything. Every man .

you can go, you can have a hot dog at three A M, and no one's gone to stop you.

And will they bring you? They bring you like Justin and antigen that you might have to .

provide on your own. But all the rules of personalities are going to be there. And I keep saying by the interest is a seven day cruise by the initials, we're going to be bfs forever.

We going to be in F, F. We're going be no forever friend. I think there be B, F.

F. I think we will do as long as nobody wears a speedo. But there is going to be lots of celebrity. Guess, uh, it's just gonna great. So book your crush ise rams the solutions not come slash crews is how you do IT or you can click the link in the description if you're listening on youtube or podcast are right, i'll see you there. Let's go to the phone lines shall we which talk cat can as we ve got drew, what's gone on on you you hey.

appreciate you guys taking my call as all embarrassing of a phone call, but here we are. Uh, my wife and I bought a uh car two years ago and we are absolutely upside down. And in this thing, Kelly blue book, I can trade IT for three thousand. I could probably do a private cell of fifty five hundred to six thousand o oh, just about fourteen thousand dollars on the car wow. Um we are trying to figure out, do we just let this thing get represents and deal with the money that we're gonna have to pay the leader on to three, five, six hundred dollars today or do keep IT no.

I would not do a voluntary reposition that is gonna drop an adam bomb on your credit, which is unnecessary and you're still gonna yond the hook for. It's not I would not make that option. What's the what's the payment on this for you? What's the costing four .

hundred and fifty dollars a month?

OK that's a lot tells about your income.

And so and my wife and I step in for ministry um just oh buying holy spirit in arrest and I am currently driving a mi truck um so i'm gone a lot and what do you make? We hit over right now. I'm sitting about forty to fifty thousand a year.

forty or fifty thousand a year. What are you taking home? What's that look like monthly after taxes? After all your expenses are taken out? What's IT look like that you're bring home in your check every month?

I just depends on miles. Obviously, we're looking back to the sometimes four thousand and okay.

two to four thousand. And is your wife doing anything during this time?

No, SHE is a state home mom. Um she's actually were having a baby tomorrow.

Wow, okay. And is this gonna your first child or how many you have? Number three. wow. okay.

You know this in many ways, this call is very similar to one we took earlier this hour regarding the car. You're probably going to have to bite the bullet and pay this thing off. Is that your only debt?

Uh, we have uh, credit card of like a thousand dollars and then we have student miles, which are right about twenty and that's all the day .

that we have okay um because here's the thing uh if I said, hey, go to the credit union and get alone for the difference, but then also keep some money out to buy yourself a cash car, you'd be right packet at fourteen thousand, right? And so there's no there's really no way getting out of the only differences. You might have A A slightly lower payment every month, but not by much.

okay. So for that reason, I would say you're gonna to bite the bullet. And how quickly can you pay off fourteen thousand dollars? That really needs to be the goal.

This could be a lot worse. You know, john, we're not talking about a forty five thousand dollar situation. This is a fourteen thousand dollar car plus one one thousand dollar credit card.

If you both decided it's and I am not saying this to be ugly, but it's it's adult go time. And we've got to work and we've got to bring an income. Then you can clean this mess up very, very quickly. But the problem is making two to three thousand dollars a month ain't happening.

Yeah, yeah. I hesitate to get into this. But when you say the holy spirit tells you to stop working at the church, what? What does that mean? Something happen to jog in trouble? Or do you to say, my time he has .

done IT was a little bit of church hurt with IT will be honest there um but we we definitely need dress. My wife has had some health issues through this pregNancy. We just needed to focus on us in our kids that way later on in life. They did not, uh, you .

know, if if, if I can be honest, just listening to your voice, you sound terrified a little bit. Yeah, kay, you've got, you've got a pretty brittle tenner. You ve got a baby come in tomorrow.

You have a job that is putting on the road all the time. You're not home, your wife not doing well, you still got IT. There's my day was a minister for a while too.

There's hurt like no other when your church family turns on you right um. I think you're worth more than forty thousand dollars in your current area. okay. And I applause you for going to do the next thing you could do to get a paycheck to take care your family. That's noble and that's good.

But if I were you, i'd go down to see if what would what I could make being an assistant manager at walmart or stocking or something like that because you need to be around your family when you have a lot of kid. And if your wife has has had health issues, another weight on you and I want you to make more than forty thousand bugs. Yeah, kay, just scary moment right now is, is that untainted? Every trucker I know is struggling right now.

Just it's a reality. IT made a billion dollars three years ago, and people are none off their arms and legs to try to make IT work right now. And so i'd rather see you walk away from my gorking mcDonald and make eleven box an hand, go from there and then go a down the street and throw boxes at all more until eleven and o'clock at night and do the night feeding so your wife can go to bed.

I'd rather you're figure out out out the next six months. And even if you're only making forty or fifty grand doing that to you cover some mouse together. But man or man or man, I didn't hear, and you do.

I mean, the truth is, when you really put math to this, if you just say to yourself, okay, let's take IT a thousand dollars at a time. I need to make a thousand dollars more. If I can make a thousand dollars more a month, for the most part, I can have this car paid off, right? I mean, that's what we're widdle IT down to.

And if you do that, you're out of this car. And, you know, you do a little bit more than that, you're out of the car and you're out of the credit card, right? And then the next year, you start tackling, uh, the student loan.

And so just breaking this down into bite size pieces because again, again, similar to the call we took earlier, this is a core income issue. I don't know if your plans are to go back into ministry or not, but whatever your plan is, career wise, IT has to shift from where IT is right right now. And i'm not onna. Sit here and act like that's a light which I think that's more of a journey that you're going to be going on. But in the meantime, do what john said and take the jobs that you can get because a lot of them are paying a lot more than what you're making right now.

Family, don't you?

Solution.

yeah. If if you are making one hundred and forty thousand ology years into the season, i'd give you a hug and see a man as is the season you're make, forty thousand box is not worth missed. And everybody in your family, in your life and watching your little baby be born with to do that.

Not when there's forty thousand notes with the jobs down the street, if not more. And you get on assistant manager and associate manager track and they could make yourself some good money down the road here prouty man, not reverse engineer this thing and congratulate didn't have a new baby. And jay, now be cheer you guys on. You guys have a healthy, a healthy birth, and everything's good to go this time tomorrow. What seems.

man, this is the ramsey show.

These days, it's not if your identity gets stolen, it's win. And the only I D third protection plan I have ever recommended is from under insurance. IT helps real people with real life situations like we got on the show recently were a woman's abusive x open the credit or in her name and racked up over eight thousand dollars.

And that then the bank solar. Even though the charges weren't hand, SHE was able to get entire nightmare cleared up. And now her family is officially dead free.

Listen, Sanders, I didn't. Their protection is the best option out there. They have all the s and monitoring services you need.

They cover all types of I theft, and they even include up to two million dollars in stolen funds protection. In the end, you need an someone on your side to take over the work and fix the problem. That's what ander is all about. Go as and outcome to learn more, call eight hundred three, five six, forty two, eighty two.

You're listening to the ramsey show where we help people build wealth, do work they love and create amazing relationships. I'm jae wash on next to miss doctor john loni. Uh, today is rams to show question the day sponsored by why rifle? Hey, it's hard to make progress when you're trapped under an available of defaulted private student loan debt.

But why refile helps you dig out and get momentum with custom refinancing based on your ability to pay and a lump sum pay off option that you could qualify for after twenty four months. That's a good thing. So go to why refight out.

Calm flash rami, that's the letter. Y R E F Y dot com slash rams. You remember, this may not be available in all states.

All right? This question comes from Isaac in arizona. At my current job, I was given the option to take a voluntary severance package, which I accepted.

I'll believe in IT in of the year with roughly one hundred and fifty thousand dollars before taxes. My wife and I have one hundred seventy five thousand dollar mortgage, five grand, and credit card debt we have forty grand on two cars. I'm already job hunting, but I don't have anything lined up yet, given the current bloodbath in the tech industry.

Paul, hey, you know, we should do. Let's make a bunch of things that make our jobs obsolete. Yeah, that sounds great. I'm praying for the best, but planning for the worst, assuming i'm still jobs in a couple of months to be Better to leave the money alone until I find a job and pay myself every two week for living expenses or go ahead and work the baby steps regardless of my job situation so off the top my head, you tell me i'm wrong here um I don't feel like eyes is taking this seriously enough.

And what I mean by that is you have no job and you're looking on the horizon in the prospect for the world. I'm assuming your works in tech prospects are going away. And so this is a cell cars.

This is a scorched earth. We're going to live like as though we just lost our job because we did. And yes, I guess I don't think you pay yourself a salary for living expenses, but you cover your living expenses with what the savage is for right to pay for .

the fact that you don't have a job yeah um I think that your half right OK and mostly right this is a storm mode situation. So my goal would be to not touch this hundred and fifty he listed out, and there might be some information list missing here. He told us so much daddy has, but he didn't elude to the fact that he had any other savings lying around, which makes me think, okay, now is not the time to take this money and pay off a bunch of debt. Now is not the time to be walking the baby steps now the time to pause and okay, this money sitting there in case I need but let's make sure we don't meet IT and get up .

at six o'clock the morning. Go to grocery, start, start work.

yes.

just back and groceries, do you?

Otherwise you're going to look at this. And IT could be a false sense of security and IT could cause, sit back on you a little IT wait for the perfect job to roll up as opposed to know i'm going to act like this money doesn't exist, i'm going to go get IT and you know IT might take a while, but i've statistics in and this is just my thought. When you're unemployed, take any job until .

you can job mus arch hung that actually take yeah like in our tours of what you can take time off if you ve got interview, but your shooting emails, you you might be having coffee, everyone's one else, somebody you're making phone calls and text, go work and then work on time of that and then work on top of that. Your unemployed.

no job yeah because the last thing you want is to feel like the longer you go without a job, the less your self estee is there. And I just you you go, you bring that into .

the yes and you this sounds so lame. This is how to work, you guys i'm sitting here because I gave a talk at a university in one of the executives here was dropping her daughter off show up in other places and IT might be that you are bagging groceries in somebody that you used to work with. You also took this bed.

Find a new job is like probably ing that take care my family and they be like i've got you. So go be seen, go bad groceries, go drive, go get out and take an any kind of job you can get kind of job. I might um five hundred and fifty before taxes and you probably one hundred, one hundred and ten thousand in a word that would be I might pay off to five thousand or a create card. I mean like maybe clear that if that's all the debt t you have. And I probably tried to sell one of these cars because forty thousand bux total and cars going .

to thousand ks a month. But he could definitely get out of those cars, definitely and i'm not mad if you paid off the five thousand, but you definitely don't have to yet. Um but listen, i'm with john.

Go work and go work and on top that go and go makes .

do things that caused you to form relationships with people because that's where the opportunities are in the relationship. All right? We got Brendan. He's in grand rapids, michigan. What's going on, Brandon?

Hey, thanks for taking the call.

Appreciate that you're welcome.

How can we help? I have one hundred and forty thousand dollars in student room that and a house payment, uh, a house mortgage of seventy five thousand dollars. My wife and I just started on the rampy program um or trying the best I think there's a lot of see that about really big up with .

the cold brain in you're in good hands, man you're good hands.

I am started having panic attacks, different things. I picked up a second job um so working full time plus a second job, just trying to figure out how to get the mount .

and taking care of okay um are .

they pride?

Are you said okay.

i'm still paying on them because there are the right now, so i'm still making payments on them. I asked about actually about ten thousand dollars all for ready.

great.

What's the month payment combined?

My monthly payment on the I D hour is one eighty two. But i'm putting about like three to four hundred dollars .

is on the I think you're doing everything right as far as these student loans are concerned, utilize the payment plan to make sure the minimum payment is as low as possible, and that allows you to free up all of that extra money to throw out the small lest student loan. So are they one? Is that all one lump s thing or the individual loans?

So I have one that consolidated for like one hundred and one thousand in some change and then individual ones that make up the rest of that total. okay.

And you're throwing all the extra money at just the smallest one, right? You you're calling IT in or you're going make that principle.

I can on the services website, I can dictate .

excEllent place where .

the money goes.

You're doing that exactly right? Um I wish there was A A easy button that I could hit for you. The only thing that's gonna make this I know, and I wish I was, the only thing that makes us go faster is you making a bigger shovel. But even that, I mean, there's gonna be a time aspect to this. But tell us about the panic attacks.

Yeah, I think doctor john read your book and I think the panic attacks are my body doing what supposed to as i'm come from that is .

say one of your body telling you the truth, right?

Yeah they started years ago um when I tried to to shop the that thing aside and forget about IT. I mean I never did not. I would always making payments.

I never shot to the site at that point. But IT was always something like like i'll just pay IT for the twenty or twenty five years and be done with IT and I just kept him in. My body was like always waiting for other the drop and IT IT did. My body was like, I wait, what you know good for you and .

what what do you for live to do?

Um so I worked believe that that was painting attack. I worked in community mental health OK. So i'm a community based mental health worker.

Um your schedule look like I .

worked about seven, eight, four thirty P M. A salary employee. There might be times where I might have to work a little bit on weekends when I try and protect that time as best I can.

So can I tell you tell you something and you're not gonna hear IT, but this is me just trying to help, okay. I dared a lot of my internships at the community metal health programme, and there's some of the most amazing people in the oral, and i've got a big heart for those programs. They also, they they hire people who are service oriented, who are in this for something other than the money.

And I love that, but you can afford to be doing this right now. Win on the other. On the other show, you can go to private practice and take one hundred and twenty box of cash and get your loans paid off o and so IT .

might be a .

season where you go see what that would look like. And i'd probably did did my toes and two and see on saturday as I do private client on my own, they would they allow you to do that if you signed your life away?

I have not found my way for be a lot to do that.

okay? I would recommend you start going to see clients on saturdays all day, saturdays at one hundred box in our do cash or hundred twenty box in our do cash and begin to build a client list. And if in two months and three months, if you're like a lot of good therion town, you'll fill up real, real, real fast and you can get up to one hundred grand or hundred and fifty grand in cash, just cook in and then go back to community mental health. When you, when your family is in a more secure place, you just can afford to be make a sixty grand with .

that kind of awesome. And there like little to no overhead on that amazing right that does IT for this hour of the show, things stronger for hosting with me thinking to the folks in the booth, i'll see you next hour.

Do you ever feel like you're finally making progress towards your goals only to get quickly distracted by something else in your feet? Well, that's why we created the ramsey network, single source for content that keep you motivated. The ramsey 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 ted content and no distractions, plus you can search specific questions to get more personalized content in seconds. So but the days you needs some 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 the podcast, just click the link in the show notes to download our free rampy network up today from the .

ramsey network.

It's the ramsey show. I'm j. Warshaw next to me, doctor john donne. We're going to help you build wealth.

We're going to teach you how to do the work that you love and create amazing relationships. That's what we do here. So if you want to get involved in the conversation, we'd love IT. If you did, it's a live call. Triple, eight, eight, eight.

two, five, five, two, five is the .

number eight, two, five, five, two, five.

allowing we are lots of, lots of kick cat. Yeah.

I was spooky the way I said that art, if you want to get involved, call the number. And who's back there? Christian, I can see, will pick you up and get you on the line.

We just, chi got .

the .

best phone into .

voice .

on the planet.

interesting. I've never heard that voice. Christian, whenever I see you in the hall.

it's like a jade. What's up now? The interest.

the phone? He's like, he's like, like, okay, good to know. I got vence.

He's in indian. Apple is inDiana. What's going on, vince?

I guess nice to take my call. So i'm curtaining working through the baby steps right now. But my question isn't about me. It's for my parents. How do I get them to be guzelle tense and, you know, start budgeting, work into the baby steps? You know, what can I do to get them on board?

Listen, when you find out, tell me because.

right, you, a billion dollars. And hey, your second book will be how to tell. Teach my parents about sex. Oh, the two things that no parents wants to hear from their kid about is get lectured on his money, insects. So tell me what what is happening that his energy .

here yeah so i'm like you SAT out SAT down with them out earlier this week, just the kind of get a financial picture for them and you know what retirements gonna like ah they're both fifty three right now. So I got another ten years or so uh, before they retire. Um if they .

can get .

about bright exactly they've got about a hundred grand and that um hundred grand on a mortgage and to my knowledge, I said they probably have round eight hundred and retirement.

Okay and what do they make?

My dad told me that there around the two hundred thousand 奥尔玛， 我 去 a lot of money。

Yeah, they are doing great. They're doing good. I mean, the truth is this lumpsum a lumpsum is gone to double every seven years. So this eight hundred at some points going to be one point six. And on down the line.

it'll double again. Live house.

Uh, yes, they do. They have about three fifty in a, and they said they can sell up for four fifty.

So you look for intense of purposes. Your dad, mom are a millionaire, right?

almost. I think, yeah, I think if you tack on the dead and be just shy of IT OK, but obviously that's got to last twenty years .

in retire manner call the animal picture meeting .

or did you uh, you know i'd time to call IT just to make sure that you know there's gonna be okay. 对。

good for you for having the court to do that and good on them for sit down and walking you through where they where they are. Most parents wouldn't do that. So that's that's pretty cool situation you .

found yourself and give you here's the truth. In twenty, twenty one years are going to have six point four million dollars doing nothing different, alright. And there in their fifties, so that puts them in their seventies.

They are what I would call Normal in that way of hey, where they're clearly putting aside in their retirement, but they're also Carrying debt, right? That's kind of Normal american way to their point into their credit. At least they've continue to save in retirement.

And so um I am with you yeah I I want them to pay off the hundred thousand dollars of debt. I want them to be mortgage free before they retire ah I don't know if you you I don't know that you will be able to convince them to do that. I like that you are thinking about that.

But either way ah, what I thought you were going to call and say is if my parents don't get their life together, i'm going to be on the hook for taking care of them. But I don't think you're gonna um because I think you're going have plenty of money to be able to float what they're doing. It's not going to IT could be more peaceful to your point but I think they're going to be OK um because i'll be able to to live off the that this float off. Uh, john, what can you do? I mean, here's i'm going to .

do for events. We're gona give you a copy. We're going to give you I think it's a digital link here to financial peace university OK. It's all nine lessons. I'm hook up with that.

And I want you to share that with your parents in all you all you to do, say a dad, mom, IT really means a lot to me that you'll SAT down to walk me through the finance this year. Most moms and dads won't do that, or they can do that. They even have their house in order, even know.

Thank you for doing that. Um this is something that meant a lot to me. You would mean a lot to me if you will listen to this, if you will watch these videos that's IT.

And if your dad wants to ask you questions, cool. I he's probably not. He's like he's got a million dollars.

He's pretty good. yeah.

And so he's tried out a plan and that plans different in years. We're going to love him anyway. And what we're going to do is we're going to live consistently and we are going to like reverberate peace.

We're going to eat anxiety at the dinner table at thanksgiving, a Christmas, and eventually your family members will ask, hey, we go for a what tell me what you're doing OK but will give IT to you give IT a shot. But I think it's done fully, respectfully and with gratitude for the the transparency met with you earlier. But don't get you feel insert if they say no um and I want you just to keep live in the the values and principles that you believe in.

Good for you. yeah. Thank you for the call. That's tough.

I mean, what what I thought he was going to say was what he ended up saying was a lot Better because so many times we get the call words like, listen, my parents have misbehaved with money. I'm in my forties. I've got my own kids.

I've got my own kids who are going in the college and they're hitting the age where it's like all hit the fan at the same time, right? right? When my kids are going on a college is right about the time that my parents are going to be going to social security age, social security is not going to be enough.

They're going to be hitting me up for funds, right? And when you see that oncoming train, you want to have that talk with your parents to say, hey, let's talk because I don't want to be on the hook for this. I can't afford to be on the hook for this.

But then to your point, john, you have to deal with the fact that they're not having IT. A lot of times they're thinking this is my life. I don't have to tell you what i'm doing with my money.

Who are you to tell me what that is? Very difficult situation in in parents. If you're listening, please don't do that because it's in many ways, it's not that they're trying to control you. It's not that they're trying to tell you what to do. They're trying to get themself in order.

And and I think I think any and thirty, thirty or four year old person who's got any sort of talking about tomorrow in in their mind spirit is thinking about I going to take yeah when that's like they got got to move in yeah I like you mention I mean, we're going to hit college, right? They're hitting their late seventies and and i'm here and more and more jade um that this the boomer generation owns A A big chunk of the real estate with a tonn of equating these homes but they're saying i'm not moving my house and .

why would they the interest .

I an but it's like, oh, your neck in this house yeah I move like what you going to help going to know that's what we have. This is still is movement well.

And then the painful part of that is it's forgive me if this sounds any sort away, but it's like if all the equity is tied up in that nest g and you're think and okay, like you, when they pass away, this is going to the family.

But then if they have a bunch of debt and you also know like not only is that, but the debt is going to eat up at a state that is just like, oh, so parents, if you can, I know it's tough, but if you're in your fifties, in your your kids are sniffing around trying to get information. They're not trying to tell you what to do. They're not .

trying to get up in your grill.

They are just we just want to make sure, you know, do you have life? We want to know what you have in your four one k we just, we want to help us. We're trying to help us by knowing about you. This is the gravy show.

This show, sponsored by Better help october, is the season for wearing costumes and masks. But let's be honest, a lot of us hide our true selves behind a mask and costumes all the time. We do this at work.

We do this with our friends, with our families. We even do this with ourselves. I've been there multiple times in my life when i'm not being my true self, and it's the worst.

If you feel like your stuck hiding your true self, I want you to consider talking with the therapy. Therapy is a place where you can be honest with yourselves. You can take off the costumes and take off the mask and learn to live an authentic life.

If you're considering therapy, I want you to contact Better help, Better help us. A hundred percent online therapy. You can talk with your therapy anywhere, so it's convenient for your schedule.

You just fill out a short online survey and you get matched with a license therion plus. You can switch therapy at any time for no extra cost. Take off the costumes and take off the mass with Better help.

Is IT Better help? Dot coms lashed the loni to get ten percent off your first month. That's Better.

H E L P dot com slash colony, hey, dr. John colony. here. Data suggests people who have amazing marriages are happier and they're healthier.

But in the modern world, marriage, especially a deep, intimate marriage, can feel impossible. And that's why i'm thrilled to announce the launch of questions for humans intimacy edition. These cards will help you build a stronger marriage, help you learn to feel connected. And yes, there's a lot of questions about the all yes stuff get yesterday IT range. These solutions comes like store or click the description if you're on youtube or podcast.

You're listen to the rams, you show things we're hanging out with this i'm jade wash on next to me as doctor john loney where your host for this hour something exciting coming up. We're heading into the fall and um you all know that before, you know it's gonna thanksgiving and it's going to Christmas and then it's going to be new year's. And if you're not careful, your money can go down a slippery, slippery slope, john.

But we're here to help you. We're doing a series of webinars, and we've been doing them A A couple of month here to make sure that you have everything you need not to lose control. And so join Rachel creighton, the every dollar team we're doing a free live training.

This one is monday, november fourth at one P M, uh, twelve P M. Central time, this your lunch break, right? I just got off of one, and it's great.

There are so many people on there. Over over one hundred thousand people have registered over the lifetime of these events, and people love them. If it's your first time, you can do IT if you've been a couple before, but you still have more questions, you can still sign up.

And by the way, if you're not available right at that time, still sign up because you can watch IT later on when you are available. And so the way to registered or you just go to remedy solutions dot com slash webinar and this that's IT will provide the rest. This is the number one way, guys, for you to eliminate your debt.

This is the number one way for you to learn to build well. The number one way for you to get on the same same page as your spouse, and the number one way for you to eliminate stress IT all starts with the budget. So get help with what you need.

These every dollar webinars are popping off again. That's monday, november forth at lunch time. We'll see there. Are you john, you ready to .

go to these phones? Do it's got to harberg, pennsylvania and talk to and what?

Hi, thanks so much for chatting today. I very much appreciate all of the advice we've gotten from you N, F, P, U. Over all these years, so it's great to talk you.

Thank you so so much. Talking me help.

So my husband, I or fifty four um we are dead for you accept our mortgage, which will hopefully kick off uh next next .

summer oh congress yeah .

thank you. Um so we have three children. Um our oldest is half through college and doing well um enter our Young but our oldest is uh twenty five. He's also a college grab. Um he's got a great job, works with excel. He's he's a numbers guy and uh he's paid off fall his student loans um that he had he's a great saver his that he's surviving by pretty much any measurement to put out there um on on taper.

Um he lives with us still um not because he couldn't live on a necessarily but he has autism and by staying with us he stays connected socially and emotionally which is definitely as best interest but not something he would necessarily do on his own um we think at some point down the road he will likely move out on his own but as much in his life has been it's just kind of on a later track. So we're trying to think through how best to help him be well position for that independence from the time um personally and financially. And I would welcome any guidance input you have on us helping him be well set and think for those things.

Yeah I mean kudos to you old since like you've ve done a lot of work and walk on him um with in the places where he's accelerated past his those who would be inside you like the normed aged of development and those times when it's been slower, right, it's just taking more time to get there. So good for you guys. Um over the course of my career i've worked with graduate students, i've worked with law students, I worked with any number of students who um are somewhere on the spectrum and in fact where I went to grad school um the connected to the college education where I was in um the the burnt school for autism was there he was he was a magical place where and do some amazing things with Young people are transitioning and now I think the here's some I can do IT out there and only you will know where your son falls in terms of um where inspective disorder is and how he does socially me ask you is one question before I start just doing things out there if he finds himself alone meaning like you go you guys got a town for a week does he end up just watching youtube over over again or watching videos over .

over going to play video games over over again uh he that is certainly his bent um when we have gone out of town um will have like uh friends or family you kind of check in and make sure he gets invited to dinner or movies or something so that he's not either working or being on the video again okay yeah .

I hear that more and more that Young professionals who are on the spector disorder some place on the spectrum some place um the alur in the way they've engineered these these screens and social devices in the games. It's it's like her brains have been hacked in. Its tough for any of us, much less somebody with some sort of processing chAllenge um so I would recommend this um um one and this is a hard thing.

This isn't me editing you. This is just my experience working with parents, you and your husband, they'll check yourselves first, sometimes, not always, but sometimes letting go of the leash a little bit or a lot robb's. A parent who has spent their whole life advocating in defending and fighting for their kids with special needs or exceptionality or specific chAllenges if robs them of their identity.

And so make sure that that you and your husk are intentionally together in your intentional about feeling that loss, that sense of purpose as you let him go into the world. The second thing is I would get with a um aba user ks with Younger kids, but I would find any sort of group or any sort of connection where he can begin without call this is the wrong language. But some sort of outpatient can go hang out with some guys in the evenings um hang out with different groups in the evening you might host to meet your house.

But we just want a group of people that he's going to be to stay connected to and then you guys are going to watch that closely. And for some students, they fly. I mean, it's just been I remember was amazing um there was one group of students at the bird card center. They got involved with the theater department and they were a part of theater performances that unlocked parts of that IT was magic.

I was at there in that whole all these shows, and there's some students who, at twenty eight, twenty nine, thirty years old, just slowly loop their way back to watching you to twelve hours a night and never sleeping into their collapse, right? And so you will truly come to know your kid over time with space and distance with intentionality after you're out. And IT might be that he's never fully on his zone. IT might be that he part of a special needs trust after you're gone will get him a garage apartment in one of his brothers and sisters are houses or in an like in the extended care kind of place. But I I think if you got just just face in .

that reality head on right um on the financial side, look, he said he has a great job. He is a fever. So what are some ways that um beyond us considering especially these trust, we will have him set up, uh, we start off um by a this year what might be some other ways that we can engage him even as he is such a favor to to be making that investment in the future?

I think a lot of the things that you would do for yourself, you just transfer IT and teach him how to do IT. So you're a proponents of the baby steps. Then we're teaching that same method of managing those finances. Um the fact that you're doing rough areas, great if you max set out then now we're going to a broken age account. And so having that money there, um does he make enough that if he were able to live on his own that he .

could oh yeah.

yeah. I think that's great. I think at that point, you're managing the funds the same way you were.

You're teaching about had a budget or saying this is how much we're spending and we're giving every dollar a name and then we're going and say, OK beyond that, what are we investing for? Are we gonna buy a place? Is is we're going to be a property that he lives. That and you guys are again with the social things, I think john is giving you a good construct there. But I think if you'd find that there is a time where he moves on and out of your house, I think it's great to have those assets in his name and then all of that stuff can transfer to you know, him when the time comes in his care.

Or maybe a brother or sister just got the name on the accounts to justice case to step in. But also, I always want to lean in the direction that opposite of my kid's natural bent, especially leader not. And so if my kid is a natural spender, am I teach him, really, i'm going to let them watch me save.

And if I had a nature savor that just obsess for saving, i'm gona show them the joy of spend the money every once in a while and the joy of giving. So and your kid will be no different. congratulations.

Apple dave here, if you haven't book your cabin on the live like no one else screws now is the time, because it's ninety something percent sold out. You do not want to miss joining me. The ramsey personalities and amazing guest entertainers for the ultimate free celebration will be sAiling the carribean march twenty second through the twenty nine, twenty twenty five, stopping at the incredible turks in chaos. Porter, rio, 3， Thomas and hamas, hurry to secure your spot with a six hundred dollar deposit today at ramsey solutions dotcom slice.

You're listened to the rand sy show. I'm jay next to me. Doctor john, we're taking your calls this hour. Get involved. Triple, eight, eight, two, five, five, two, two, five, eight. Has there ever been something money related? And you're like, I know I should know this, but I don't like i've been at the on this planet for a long time and I should know what the lingo is, I should know the jargon, but I just don't in your year.

So we started .

a new segment here asking for a friend and listen, i'll be honest, I may have been one of these people that for the longest, I was really confused about, like, what comes out of your paycheck when you .

get paid still? You, I know.

not the only one. And when I saw this clip, I was like, that is, that is me. Take a look at this, my first picture, look in the .

window is my name.

Hi me.

This exciting I earned this I White tables before I speed milt .

ford and IT was totally .

not worth IT was fika I see you on my money reliable? That's so true. Like you look at your paycheck.

I mean, that happens all the time here people call and i'm like, how much do you make them? Like I make one hundred thousand dollars year. But then like, by the time what they actually take home.

seven dollars. So it's finally me. I get matter.

Now I I hit part holes. No, no, you took my money. You fix the part.

Well, let's talk about what is IT like what's happening with this payroll tax. What is like a um asking for refried. You know some of you you're going to be today years old when you figure this out, but it's basically this this is federal insurance contributions act, right? This is that's what fike stands for.

This is what you are required to pay into basically as an american citizen. IT says the fight attacks, also known as just payroll tax, just refers to taxes that employers and employees have to pay. And these are programs like social security and medicare, right? And when you when that money goes out of your check to fund those programs, it's funding them in real time.

It's not like i'm just setting this aside for me for later. It's for everybody. I goes into a big pool for everybody. And so big picture is when you pay those fight, attaches your money, just goes into that big pool, a big fund. And it's for whoever currently receiving social security, whoever is currently receiving medicare. That's why we say all the time to people like, hey, go on ahead and find your own retirement because you don't know what social security will be when your time comes.

I think you're really clearly telling us .

it's not to be very much.

And I feel like like we don't know and they're like we're going to run the money is.

but we don't know. I just wanted know what happens if we do. I want my refund .

back because I ve been here.

So five attacks that breaks down into two categories. Like I said, you've got the social security and then you've got them medical care. And if you're wondering like how much is this.

So for employers, you're withholding six point two. They're taking six point two percent of your taxable growth um which is IT can be pretty high depending on how much you make. But and then they take that and they match your contribution.

So six point to on your end, six point to on their end, and that goes into that big pool. And then for medicare, it's one point four five percent of your taxi ble wages. And again, they match ched that. Now the kicker is, if you are like self employed, you pay both sides because you're the employer and the employee and that hurts like .

especially we are trying to get a small business of the grand yeah .

I remember my mother in law, he always helped us with taxes because she's, uh, bookkeeper and when he explained that to me for the first time back back, back in the day, I was like, my jaw was on the floor yeah, I was like, it's so much money but you know, even if you yourself employee, you still got a pao mr. fika. So freeLancer is, like I said, independent contract yourself.

Employed workers, they are required to pay both in um yeah and so again, just make sure to plan. Yes, you can't stop IT. IT is the force of the government there.

There's nothing you can do. You gotto pay, but at least you know what IT is. And if you were so excited to earn your paycheck and then when you looked at IT, IT was a little bit less, that's probably where IT went. For more information about taxes, go ahead and visit rami solutions that come slash taxes. Or you can click the link in the description if you're listening on youtube or podcast.

think about this if you're like, wait minute, six percent. Like that's very much. I pay way more than that. This is not state income tax and federal income tax. This this is just the other numbers.

Yeah, this is just social security and medicare that that's IT and I love dave .

said this once and IT never occurred to me. He said the greatest scheme the government ever pulled was automatic deduction. He said, if you had to write and honestly, when a couple like medicare like taking care, the least of these in our communities, I don't think that be up for, I think the Opera would be those that state and federal tax.

If we had a right to check every month and give IT to the right, I think that the average U. S. Citizen would be much more I don't think would I don't think we be where we are yeah because IT wouldn't be this money that just outside de out of minds and this given to a small group of people who just do whatever they want to with IT. I think people would be much more invested as citizens yeah like you won't take my money. You going to demand IT illegally for me that i'm onna demand my my voice be heard with how I mean.

they are basically tapped into what we say all of the time about credit cards, which is when there's no frictions you don't feel IT and you like a take my money.

They came up with scheme number two, which is every year some of you all were going to send you some of your money back and you're going thank you want something .

isn't crazy that we're getting like A A treat or a prize when really they've .

just they held our money.

interest free.

Interest free, by the way, they lined out and make money off.

right? They're making interest. Stop our money. Listen, we could go on and on all day. Maybe we should.

Jun, no, it's got the phoenix. A, Z were still a thousand degrees, even those october. Got to Scott. Scott.

hi. Takes you taking a call here.

You guys, you got IT, bro. What's happening? Your weather out there?

It's actually really nice right now.

Break is big. Well, well, that's good to hear. How can we help me?

Well, we're looking in place our family minivan, and i'm debating how much to spend and whether or not i'd feel like buying something new or just something i've always thought I wouldn't do. And I can hear dave in my head talking about how much a new car appreciates to as you drive a lot. So i'm just trying to baLance being responsible and not being a cheeky.

I love that. I love that dave's voice, lives aren't free, and so many americans head, okay, we will tell us, tell us what IT is, and we can tell you if if it's a good idea or not, or at least point you in the right direction. So what do you thinking of getting what is a cost?

Uh, we're looking at the twenty twenty five key, a carnival which was just updated, and i'm looking around .

two thousand.

So we were looking at the the twenty two, the twenty four models and this is gonna in ten to beyond that.

But so twenty twenty four would be what forty?

Yeah I like about forty. What we in OK, my wife is at home with the kids full time, but she's a rockstar and still brings in an income too. And she's just been saving up like nearly all of her income for a while.

So SHE saved up like thirty eight thousand dollars. So we were going to pay cash for when we started looking at the newer one. Um and I actually for two to see happen to get a bonus.

So we actually do have the money that we pay cash. Mental barrier of the depreciation of the new one. Well.

let's walk through that a little bit. So you've got cash. There's a couple boxes we need to check to get the Green light.

So you've got cash. That's good. Uh, let's talk about what your combined income is.

What do you and her make together? Because again, this needs to be no more than half of your you know annual salary um giver take. So what do you guys bring .

in yet together? It's about one ninety years old.

Okay, okay, so we're firing on that cylinder. Er well, how much is your car were?

Maybe eighty nine。

Okay, so we got a check box there. Now if you're talking about doing this twenty twenty five, the brand new vehicle, you know what has to be in place next?

Don't you all the insurance in the registration that goes into that is more, yes, but there is .

something quite critical to buying a brand new car. You need to have a million dollars twor. And here's why. Here's why. And this answers the question that you're talking about. When we're talking about this appreciating asset, you've got a basically b OK with putting that money right in the center of your living room and burning IT and saying, I could care less that this thing is gonna SE sixty percent of its value in the next three to four years yeah.

the million dollars is an arbitrary. But it's right. It's a good. It's a good. Like, like IT checks you.

IT checks your gut is a good check to go. how? How much can I really afford this? How meaningless is this money to me?

right? And donating twenty, thirty grand to the car over .

a couple years. The truth is, if you have a million dollar nett orth, all boxes and all roads lead to you being able to do this. But if you don't, you need to go to twenty twenty four and pay cash. This is the remedy show.

I think, wait, all agree that it's a lot hard to run a race if you don't know where the finish line is, but nearly half of all americans have no idea how much money they'll need to retire with dignity. If you are ready to stop hoping for the best and start planning for your future, then check out the smart vector program. A smart vesta pro can teach you everything you need know to get in the driver seat of your own financial future. Connect with a pro at solutions dot com sash. Smart vester rainy solutions .

is a paid non client promoter participating process or more rainy solutions that com like smart.

This is the granny show, helping you with your life, your money, your relationships, your career. I'm jade warshaw next to meet to today the doctors in the house.

doctor john the .

loni what .

how's a going in your world are busy, busy we had a wild adventures, money mars as pressed weekend and IT was off hook. You spoke at IT um IT was the deepest prime most of packed for thing I have been a part of yeah yeah.

Which you got right there.

I got these questions for humans. The intimacy deck they actually sold out on campus are gone. You get online now, went for a new shift back. This is the only decade that exists in this a in this building. But it's just questions about sex and intimacy and connection and communication and couples trying to find their ways back to each other with all the anxious ness and schools and games and stuff and stuff and things we got to do. And I like IT just sit on across the table, get to know each other again.

I like IT. I'll be getting a dic. All right, let's go to the phone line. We got west Evans fill indian as worries that what's gone .

on this hey guys, how you do and appreciate .

the time you got a worse with me.

Yeah for sure. So this may be a may maybe a question for more account lor. I might need some serious therapy, but let me lay IT out here for if you give me just a second.

Feel like I A couple problems, basically a with internal, I will yeah, yeah, yeah. So so I feel like i'm seek in um comfort while i'm trying to seek my my dreams in in my business. ABS really got a money problem that versus casual and and a self belief.

So let me let IT out here. Thirty five i'm divorced to get two kids live in on with me over half the time. I started a window cleaning business twelve weeks ago, and I made twelve thousand books and twelve weeks. My expenses are about five thousand dollars a months.

And I make four thousand dollars a months as like what i've shared you I got thirty two books in the bank and behind on two credit cards to my light bill and my mortgage has thirty days ago um and here's here's where i'm basically looking for some council here. Um i'm kind of frozen in time with building this business and getting sell in ten um because of the you know where i'm not financially and so i'm struggling to seven ten to climb myself out of my whole um you know with my business of my own. I am a one man show and basically i'm in a place where considering, uh, getting some, you know, get the .

dead relief company to do their thing oh, you make four thousand bugs a month, but you will cost five grand a month to run this thing.

Yeah so there's yeah basically my expenses. There's hardly in the overhead and a one man show go on door to door inning business .

home services because probably five grand a month in expenses.

Is that just business there? Is that your personal stuff rolled in?

Uh it's basically all personal um because there's really no there's really no uh overhead like i'm banging on doors.

And to clarify, to clarify, you're going out. You're hitting the payment. You're making four thousand dollars you're pocketing in all as income.

Your one man show this fine, but to run your personal life is five thousand. Your personal budget is five thousand dolla month. So you're a thousand dollars deficit every month.

yeah. So give her take forty six hundred box one month. Okay now.

And how do you how do you account for IT is go on a credit what you do .

when you're when you at a loss yeah I well, it's going been twelve week but um i'm behind on those those you know 所以 you just don't pay .

you don't you're just not paying them but are you putting more dead on a credit card is what i'm asking。

Well, I maxed out everywhere so I don't .

really have more going.

A kind of that, a place where my credit toes I can get anymore OK OK just need to put energy into this.

No, no, no, no, no, no. It's not IT. It's not IT doing um OK what how long a girl?

Divorce, so it's finished. But you have .

ago your name was a crazy divorce.

Yeah, it's it's trauma and IT was crazy is a circus.

IT was. But i'm talking about is sit with me for a second. You back and forth.

You tagle to keep yourself safe from the past, and omega is crazy to the future. It's all coming down. I want you to sit right here in the middle, right here in middle. Is this still weigh on if the person you said, I do the mother of your kids, that you all had to blow up like this?

Yeah, I mean, i'm still i'm still kind of hope and that we can .

kind of fix IT. Okay, you got to let them go. Are you? Are you are you dialing .

again now?

okay. So here's the thing. I think you have a core reality problem, kay. I don't .

think value disorder.

yeah yeah, but it's not a value disorder, is that you you want things to be, you want to be your own boss. You want to be a present dad. You want to we get together with the x wife that blew your life up. You wanted do all this stuff all the same time.

I do. I wanted. Do IT all. Now.

I know. But in the meantime, math is working against you. Because math doesn't care what your dreams are. IT doesn't care what pain you've been through. IT just keeps doing math.

And doing math, yes, you're getting further and further and further behind in your kid, absorb that tension in your house. And you want to have a different mindset. People think they can just, they can just think their way to confidence.

Confidence is built through you. You got to go do and do your new business amazing. And you can eat on .

four grand a month.

And so here's what I want you to do. I want you to not think about, okay, I got to grind here. I want you just to x hail and sit in reality.

In most people, most of the time, myself included. When you have to face reality, you have to grieve IT for a minute. That woman's gone.

This job, this dream we have of going all in. It's not the right moment right now. I wanted my kids all the time.

I only get him half the time as x hail and then i'm to go get a regular, boring pommer job where i'm thrown boxes somewhere, but i've got health insurance and i'm making x number dollars an hour and then i'm also knocked on doors and put up fliers and washing windows when I can get this thing going, and you're going to find out the life of a solar prenez r is wall to wall, twenty for seven, three, sixty, five, until IT only takes off if you ever does, right? And then you're kids. You're going to have this ringside seat to a dad that got his knees captain to divorce.

But he got back up and he start of grinding and he was still a person of integrity character. And you're onna. Wake up in two years and three years you going to be really, really confident, not because you thought your way to some mindset mugla buggles, but because you just when I did the next right thing.

And the next right thing .

is you got ta make enough money to eat.

Yeah, how many hours are you putting into this every month, every week? Yeah.

that's that's what IT gets embarrassing because I put about twenty hours, but the rest of at the time, I just can't get myself to move on.

Okay, let dream go.

The thing is if here's a thing though, if you're putting twenty hours a weekend to this and you're making four thousand dollars.

imagine if you yeah.

so what you do.

What's causing you did not do the other twenty hours.

That's where my my value disorder comes in the seeking comfort versus the dream because it's I mean, it's hard, think and work. I'm good at what I do and I can get jobs everyday.

I go out do it's not a value disorder. It's not a diagnosed call IT that what is hear?

There's nothing .

to figure out. It's a choice. I like this work. I don't I I want to make this solar en thing work. I don't like this work and i'm not going to do this open thing is just a choice you .

have or you go and pick up another job for the other twenty hours. But either way, you ve got to work as an adult. We have .

to go to work for you to make a choice going to in J. U, N, I. We have on the outside looks like a the dream job job are hard, frustrated.

There's a lot hours. It's early. It's late. I'm wearing makeup right now.

No, it's a whole thing, right? Every jobs got hard, hard, hard season. Every job does. Yeah, you got decide is, is the hard season worth the world? Man.

that's this is the ramsey 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 razi network gap, right?

All you gotta do to finish the episode is search ramsey network in the APP store, google play store, or just click the link in the shower notes to download the APP or free. You heard me right for free, then write in the home screen. You can watch the rest of today is show about being button.

All right, i'm getting out here. enjoy. We'll see on the APP.