You Control Your Own Path Forward. What’s Your Next Step?
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Hey guys, that this Christmas we're giving away cash, so into the ramsey five thousand dollar Christmas cash give away for your chance to win big this holiday season. Go to rain these solutions dot com slash, give away to enter now.

Welcome to the ramsey show america. This is where we help you win with your money, win in your work and win with your relationships. Phone number to jump in a day is triple eight, eight, two, five, five, two, two, five, alongside the fantastic jade warshaw i'm can common in. We're here for you today.

And speaking of today, if I might speak to a very large and diverse audience for just a moment, come because it's the morning after and the reality is jay is all morning and even late last night, uh, I have been receiving text and communicating with friends who are delivery sly, happy with the result. I have also been communicating with friends who are devastatingly sad. And I think it's important for this large audience to sit for that, sit with that for just a moment and understand it's OK, and it's Normal to have those emotions.

That is, what makes a free society free is the opportunity to express with great passion, also show up and vote. And the reality is, IT matters a great bit, and we know that. So I was thinking of four words said to chAllenge your audience and engage your audience.

If your side one last night, big classes. If your side lost last night, be hopeful. And if I could take those last towards, be hopeful and chAllenge both sides of the air today, be hopeful. But be careful what you're hopeful in. I want you to be hopeful in you and your free will and your ability.

To achieve why you come to the show and when here's what you come to the show for freedom, you come for freedom in your finances so that you can create a life that you want to create, that you can spend money on the things you want to spend on. You can solve the problems that you must solve problems in your life when they are rise. You come to the show because you want to have an opportunity to climb the latter, to make more money, to be able to do those things, to make the difference in the world through work that you desire to making.

You come to the show because relationships are hard and you want healthy relationships, because if we don't have a healthy relationship, we have nothing. And so that's why you're here, and that's why we are here, is to help you get that freedom. J, I want to give .

IT to you.

That's why I you can add thoughts because you understand the the situation, uh.

as well. Kay, I mean, well put. Well, can you are for this moment, very well put. I think it's an example. It's an opportunity for both sides to just be magana ous in, be A A good winner and a good loser. If that's whatever I began today.

to focus on what you can do, yes, which is what we preach her, what can you do to make your life Better into that end? We want to hit on some of the fundamental here because we believe that no matter who's in the White house, yeah, you can control the things that happen in your house and ultimately.

your lifetime. Listen truthfully, the blueprint doesn't change regardless of who's in office. The good news is that what we teach is of based on principle and principles don't change. And so the baby steps don't change.

And so just a reminder, especially for those who are maybe new to our show or maybe you just need to brush up because you've been freaking him out in your mind a little bit. Let's just let's bring you back for a second, right? So baby, step one, you still need a thousand dollars.

So if you don't have IT get IT, it's going to make you sleep Better at night. You're going na be ahead of fifty six percent of americans if you get out and get that thousand dollars saved, baby. Step two, lets start focusing on our debt.

The lowest possible wrong of that latter is just to decide that you're not gonna oro any money anymore. And so let's not make the problem worse. Maybe you don't feel like you're in a situation to start paying IT off, but at the very least you can say, well, i'm not gonna arrow anymore.

okay. And then once you move past that step, start paying IT off using the desk nobel. And then, baby, step three, let's start saving up some savings. Three to six months is what we recommend that a fully funded emergency fund. And let me tell you something in when you have that, then things start to get good.

You start to feel a lot Better than that margin, by the way. That's where that emotion of freedom pops. That emergency fun .

doesn't IT IT does because you kind of go no matter what hits. I I feel prepared, right? And so you have that prepared this.

And then baby set for IT. Let's start investing. You know, you start investing for the future. This is preparing you for a time when maybe you won't work because that time will hit all of us eventually.

So were investing fifteen percent. The queen, I, to give example, maybe get to your investment. Calculi didn't pry for. I come get your calculate because i'm on a selective area because I want people to get this when what they talk about this, let's say you you're near early twenty is jay. I'm going to give you a scenario so take somebody early twice yeah, maybe they are fresh out of college right now first job, first presidential election. Let's make IT real ah what does this mean? You know I mean and you go come on, just pay attention the baby steps right now and and they are they got a good job and let's say that they have no debt or they're thinking, okay, if I follow what jade says, i'm going to start I must start putting some money in OK you create your own scene of what baby step for really looks like for every american. You take IT one.

okay? Uh, so let's pretend I mean, set me up Better than that king because .

I don't know exactly where you're going. Well, i'm sorry.

So we ve a twenty year o and calculate .

that they can put that they're in baby step for OK or that they see what would you look like a baby step for? Let's put IT out what you're not there, but you go OK. What if I could put away, let's say, fifteen percent on a salary? I am going to make this up to, say, where to put away two grain a month.

Two grain.

that's a lot. Go thousand. I told you the queen, two thousand books.

let see.

five hundred. see. This is why I deferred to you.

you queen. Well, let let me, let me see what i'm going to based on. I'm going to based on the average salary, which is sixty seven thousand, and then i'm going to say fifteen percent of that, which because we take IT off the growth, which is ten thousand, and then i'm going to divide that by two. And that's gonna eight hundred and thirty seven dollars.

So we and to be fair, I threw this honor OK. You see where were I want people to not just hear that. I want to see what you're about to do.

The idea is that you've not had anything and retirement up until this point. And so you say, okay, i'm going to start doing that. And long behold, you retire with four point .

one million dollars. Okay.

there IT is, that's all I wanted. yeah.

So the dream is, the dream is alive and well.

I like that. People need to see the dreams is free, the hustle. So separately, you got to do the work.

Are art baby stopped five? Now you're saving for your kids college and you're gaining them into education, which is good. Baby, set six. Let's pay up that home early. Kim.

wow, that's that happens.

yeah. And by the way, we have a really cool stage here at ramsey solutions. It's the debt stage and people come in and they they tell us when they become debt free and they scream with, you know just that intensity and half the time they've also paid off their mortgage.

Well, so true. And so this happens every day. And then baby step seven is living and giving like no one else. This is us prioritising generosity because it's such a foundation of everything we teach you. Usually, your why lives in baby steps seven.

So here's what we want. J did a massive job, a line out the fundamental that lead to financial freedom. There's more our team is put together, a great blog posits in the showed tes.

And here's what it's going to encourage emotionally. It's going to encourage that no matter how you're feeling about who's gonna in the White house, you can take all that stress and worry and put IT into steps. Yes, to actually take control of your life.

And we are here for you five days and we cheer you on. Go get the blog. It's a deeper dive from what j just did.

It's gonna equip you, not just encourage you. Go get IT in the show. Note, however you take in the show, our quick break will be right back with more of the rainy show.

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

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

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

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Do you hear with this on the rem c show, helping you win with your money, win in your work and win with your relationships? That's our aim, and we'd love to coach you today. Trip ate eight, two, five, five, two, two, five also, big news ah, it's like dave is like the financial santa. Oh, guy loves Christmas. You know this about .

IT dave cringle.

yeah, he gets a bad rap about being tough on colors, guys, a big job, you know and to look at this fifty days of Christmas, is that not enough? Dave, thirty days not enough? No, we gotta go. Fifty days of Christmas a lot. That's the big a sale. And it's happening now, whether you shopping for yourself or you looking for that gift that keeps on giving a Christmas vacation, those of you, if you know, you know, uh, you can get up to thirty percent on our best selling products of that is including money is not a math problem.

Tell him about, know that caught up. If it's your mentality, that's a problem. If you always, I got no money, I don't have a way to get ahead.

This is the book for you. I love, I love is that we have got no money. A lot of people when I say that there's.

that's what in people's brain all the time I got.

I got IT a great book cup from jade. And then the get clear session d this is for that person is going. I want to figure out what I want to be doing with my professional life or i'm stuck, uh, any sense of doubt or lack of confidence around your work in your money? This get clear assessment.

So about eighteen minutes can change your life, give yourself awareness, which is a superpower. Both of those products and so many more and solutions that comes like store and solutions that comes in store for those view on youtube and podcast. You don't have to remember anything.

You know why? Because James child and his beloved show notes, these show notes are chockful. It's like Christmas under the tree.

Just go to shown with lots of good stuff there. Resolutions are come, flash, give away is another location. And this is also in the chanos, because this is our five thousand dollar cash give away.

Show me the money away, five hundred dollars a week that dave money gone, just given IT away now. And there's a grand pies of five thousand ology can enter to win daily again. The shown note, the best place to go and the solution that come right correse going to start this off in the main aoa, cory, how we held today.

Hey again. Hi j. Thank you for so much for taking my call you. And so what I started out, I don't know how far back I should go. I buy and sell real state um not as an agent but as an investor um got pulled in um many years ago with the um O P M other people's money uh borrowing and taking out he locks and um all sounded great, buying a lot of properties and IT has all caught up with me no no yeah what does that mean?

Tell us what's happening currently.

Well, i'm currently certain with all my monthly expenses centers about, uh well hold that um about one point one okay .

well hopefully these are worth .

something um that a lot of my properties .

are bundle is not like every single property is its own more digital bundle. So got border eighty thousand and one mortgage hundred and ninety nine and um got a he walk at a hundred and eighty nine thousand mortgage thousand they very very, very quickly.

So if we can I just ask you just a crazy question. If you were to sell, I don't know how many you have, but if you were to sell them, would you clear the million with their .

equity uh potentially and I have already started that um which brings me to a and another one of my questions. Um I did get the every dollar APP and have everything in that uh still strugling on how to figure that out a hundred percent at private y another call for another day yes but um I am showing with my current budget i've got um because I have sold I sold a couple of them um and I can solo twenty .

two units total wow .

OK twenty two units total. Um some of them are sold on contract is swaying to be cashed out on uh when I just uh did fully sell um so that money out I saw another one on contract out about fifty thousand down payment on that one with a good cash boy every month on that one.

Listen, you're going in the right direction that the solution here is the debt, which is what you opened with is what's causing you anxiety and write fully. So one point one million dollars is a bag that's a lot of money, okay? And so IT makes sense that that's weighing on your chester, in your shoulders or in your gut wherever IT is that you're feeling that on a daily day basis in the solution here is let's offload IT. Luckily, you have a bunch of assets that you can sell self for more than what you paid for, right? That's the whole point. And so what I would do if I were you, as i'd go through these twenty two units and i'd figure out what's gonna give me the most bang for my book when I sell IT? And are there any of them that are cash flowing well that I can keep and you know, kind of continue to do this but from now on, i'm paying cash for um my properties and so you had this kind of dream sounds like a being you know some sort of real estate mogul and you just want to about IT the wrong way, you know and think that it's not too late to go on .

reverse and get this thing right side up can that's exactly what I was.

Let's just Carry out that is far more successful. I'd rather you have three properties um that you you're not in debt and you feel good about having them. That is far more of a place of success then being able to have got twenty two properties, but you're Carrying all the stead and stress attached to IT.

So where I met right now, he is my account in the every dollar shows I have left the budget twenty one thousand dollars which is great great to have that that question right there. But uh I do have that uh um harder eighty thousand dollars, harder eighty nine thousand dollars lot um I do not have a uh first mortgage on my home so I just got the he lock on IT what my plan is and and correct me if i'm wrong here. What my plan is, is it's a headlock. It's just an interest only payment, are not making any interest, any principal payments are not at all.

I haven't been for several years but yeah but all the properties here, i'm going to take your personal property first like that's the one that needs to be paid off free and clear so that you can live without stress and then everything else is being sold for parts like all right, this one IT doesn't catch well, very well. I can get eighty thousand four.

I'm selling IT this one you know IT is okay, but I hate the location i'm going to sell that i'm going to make one twenty off IT right? And that you're going um through the order of priority, your home is the most important home and then everything else is on the block. It's a .

good to gage.

I mean, in this case, no, because you're going to sell a property and you're going to have the cash to pay off immediately. So at that point, the interest rate, the mortgage you're not going to have more on your house.

Gacha because the step side then using was to pay off some of the K I. Uh, credit cards and stuff like that.

How well how much other did do you? We didn't talk about that.

Tell didn't yeah the I let me just do a little check here just in a property. Det is a million, so the other two hundred thousand, the other two hundred thousand is like the credit cards, the vehicles okay.

so here's the order. You're gona go and can jump in at any point the first property that you sell. Uh, let's pretend you clear two hundred thousand. You're gonna pay off this debt and you're going to to keep a thousand box aside for emergencies. By the way, do you have any money saved anywhere?

Yes, I I it's not a thousand and twenty five hundred because i've got so many property.

I'm not concerned about that right now.

I'm i've got twenty five hundred dollars that aside in a separate account that .

I don't mess with. So we sell off the first property, we clear the the consumer debt. We sell off the next property.

We keep three to six months of expenses. We sell the next property and we clear our house and then we clear, then we pay off. We sell enough properties to clear all of this one point one million dollars of debt. And I think you have IT out of these twenty two units. If you've done IT anywhere .

close to write, follow the plan the that let's give him a copy of his me total money maker yeah um just follow the process read that classic she's laid out for you but you the thing I was gonna d is i'd like his attitude. Yeah what could hinder somebody from get out of this mess is feeling, they're just idiots and they're not. They are Normal.

This kind of stuff happens. And he admitted that I think his mindset is good, is that beat himself up. Corry, don't fall.

Pray to that. Just follow the plan before you know IT shelter is going to go back even further. Heads up and you know that you're walking out of this great device. J aren't quick break will be right back with more of the rams show.

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The razi show continues longer jade warshaw can common tripoli, eight, two, five, five, two, two, five is the phone number we d love to take your calls is money specialist today and i'm the work and and leadership guide today helping you in those areas were both going to tag team on these financial and relationship issues as well because they're all tied together. Green of south CarOlina is where we go next, definitely is joining us there. Stefanie, how can we help today?

Hi thank you for having .

a can android you but what's happening .

um I am reaching out to ask a question about I on a business and i'm trying to implement a four one k or a simple I R A plan and i'm wanting to know the best things to look at, what to looks for. What are the closing on? Um just some direction with this.

okay. Um what kind of businesses are in? You know is IT just you or do you have employees? Tell me more.

I do. I have a team of sad that includes my husband. I the business started in twenty sixteen.

It's for past and wildlife control. We are mainly as hard as income is concerned。 The wildlife is about eighty percent of our income and test is about twenty percent. We added that on about two years ago. Um but yes, seven seventeen members total okay.

Um if I were you, there's a couple of different routes you could go um and I I don't want to lead you a stray. I think that IT all depends on how much like what the max contributions are, how much the business is going to match that versus the uh what you what the employer puts in or what the employee puts in. I'm sorry. And so for that reason, i'd probably work with a i'd work with your book keeper or i'd work with the um somebody who's gonna able to give you Better tax information than I would I could tell you of on a basis if you're kind of more of a solo premier, what you might. But with this, i'd want i'd want somebody to really look at the numbers and tell me what's gonna work best for me taxwise and investment wise for me and my .

employees yeah I think something neither one of us are great experts on this, but I I think we can tell you what to do beyond what they said. Do I think again, um a tax pro somebody who works with businesses so you can get tax pro information IT brings these solutions that come in your area. Go talk to a few.

They want to specialize obviously in small businesses and how they help with some of this stuff. They may have some insight into this uh, investment process as well. And then you know what I would be doing, I I would also be talking to small business oors. Do you happen to know of two, three people, top of your mind right now that run companies around the same size as you, yours, in your area?

I do. I've talked to several people about this. You all are actually one left, I went down the road to one.

And when I walked into my book keeper to just come out, talk to her, my C P. A. Who does member keeping as well? Um SHE immediately said, you need to go with the simple I R A. Now, this year.

we've hundred and fifty percent growth.

I M yeah it's that I mean, that really hasn't amazing, but making a good decision. I guess maybe i'm dealing a for a simple iras, a little more limiting in a four one k.

So just .

looking in the way of like a four one k you get basted um that there is matching in both programs. But you have to match with a simple that's right, you don't have to the open happens with four or one k with some of those styles of the plane to make more sense to me, with four or one k and that was the road I was going down.

why? One day? simple.

SHE said, simple because he said, why are you gonna pay the fees of a former monk to put the money under .

your people plan? That was, that was, and like I was, give you a formula. Go get answers on this, what's best for the business, what's best for the people that you have hired? And I think that that's your I always try to take complexity and I simplify and I go if i'm looking at all this, i'm going to have a simple piece of paper and i'm a draw line down OK.

Which one of these planes is best for this business and which one of these planes is best for the employees? And we want to try to find a solution that is good for both. Yeah, I mean, that's the rubric.

if she's right in the math, that is that what is such as whatever you're paying in fees is pretty much comparable to what you'd be paying in a match. Ah i'd be Better for the money to go to your that's what .

you want to get to what's good for both and if we can get best for both, great. But if there's a given take, we want to land that way because you get a great heart for your people and love what you're trying to do.

And by the way, I just just want to get definitely shout out requickened, uh, this is awesome to talk to a small business owner is a female small business owner taking care? The critters very, very grown in one hundred and fifty percent. Uh, that's also so yes, Stephen can will give her some love.

I mean, that's really also she's providing jobs. Um this is the american dream. Yeah that right there.

Uh, she's a small business solve in a real problem. And so I love that good stuff AI nexus. Go to richman, virgin, Virginia rather uh, and Jennifer is there or Jennifer, how can we help?

Yes, thank you. Uh my situation is I have two hundred and seventy five thousand dollars to buy uh land, build a house and um everything in furnishing everything uh that's all I have and it's cash like I have a mortgage and it's proving difficult to budget for that. Um i'm wondering if I should rent for a year and what I do for a living is that by real state I improve IT and sell IT uh and do that for a year with the cash that I have to try to build up a little bit more for my ultimate oh yeah.

how much .

do you .

need well, you know if it's land so hard, defined and so expensive, so I would be more comfortable at three seventy five okay.

And you've run out the numbers because what I want I want to make sure fully in with detail counting the cost of this so that you don't in a in and realize all, gosh, I don't have enough money in now. I am kind of considering debt when that's not what you said you wanted to begin with. So I really want you working out the numbers to OK.

If I spend x on this land, what can I then spend on the build? And is that enough to get me what I say I want, plus furnishings, right? So we're doing a detail right in many ways, just a detailed budget on this that's directly for this this home build.

right? The tRicky part is um i'm not tied to any specific. I'm looking in four different states just for something available. Inventory is very low right now for all land that's decent.

Are you are you Operating with cash? Jennifer, when you say i'm rent for a year and i've got to buy some more properties and flip on and in criminal cash, are you doing that with cash?

Yes, I am. I'm in my early sixties that three month months of expenses .

are five hundred a month. I ve a with rent I D like that strategy. You have such a low burn rate and your debt free, and I love that you're going to be patient. Flip a few more properties, stacks some bigger casket, the house I want that I earned. Come on, gene.

and listen. What I to do is we a really great realist home could probably help you out when IT comes to finding the land that you are looking for. So if you go to ramsey solutions, not calm, sleep, real state, they're probably going to be able to get in there and help you find, uh, attractive land that you're looking for. So OK.

yeah, i've verage seven, five take home over the past seven years. So I would take me, you know, little, little over a year to get what I need. But then, of course, expenses are going to go up too.

Probably they are. I do think that you have to baLance that carefully. Um and and just here me say I think the best way to buy a home is cash.

That's great. A lot of people can do that. But no one would fault you um gennifer, if you ended up having a thirty thousand dollar mortgage or seventy thousand dollar mortgage. I just want to give you that piece of this, that if you don't want to wait another two years, you'd be alright.

you .

wit I I R I.

I also thought about buying the land and just parking in our view on that. And i'm not spending money .

on and that's where that's where we drift away. That's where you and I drift away on ideals only because the goal for you right now is to save up money. And with the R V, you are having something that's appreciating, and I hate for you to tie even more money up in that.

I mean, obviously it's your life. And if you're the R B type, you know, buy something very, very used and very, very inexpensive. But I tend to like the idea of you renting a little bit Better.

All right, Jennifer, love that call boy, she's making things happen. Yeah, sixty years old, dead free, got on a little real state.

And would you do the R, V, or the rent?

You I was thinking if it's a nice piece of land to do, I might put airstream, no, a cool little shelter that can be multiuse live in that for a little while. Then he makes a property. This is the.

Mortgage rates have dropped, so if you're thinking about buying a home in the next year, contact your local churchill mortgage team. Right now, if you wait, more people will be in the market competing for the same home 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 dot com.

This is a paid advertisement in M L S I D one five nine one in M L S consumer access dorg equal housing lender, forty nine mile lanes, hundred and three 7。 Welcome back to the rams I show alongside jae warshow. And can common phone number is triple e eight, two, five, five, two, two, five to get coach stop the way to show question of the day brought to you by your friends.

why? Rei, why I is default IT private studies at other places won't touching if you low fixed rate loan built just for you. Should k SHE took a end of this and lower her payment from two thousand dollars to six to six hundred and eighty dollars a month with why? Ref, I, so you need to go why rafi doc comes lash rams you that you and you can learn more there. That's the letter. Why r fy dot com slash rami IT may not be available on stakes already.

Today's question comes from andy in delaware. My Fiona had a lot of dead related to a prior divorce. She's currently living with her parents, and her parents used a little cash and ten credit cards to pay off her debt.

So now he owes them close to seventy five thousand dollars. I know legally, most of this is not in my fiancee's name, but morally, we owe IT together when we get married. I didn't agree with how her mom put this dead on credit cards.

And IT doesn't sound like they are paying much more than the minimum right now. My plan is to take out a personal loan after we get married, to pay off her parents in full. So I have control over the debt completely.

This would drop down the interest significantly. We could then attack IT with both of our incomes to pay off as quickly as we can. What this work? Or is there a Better plan? okay. So just to clarify, there was a divorce.

He had debt our parents said will take care of IT, but we're doing IT with credit cards and you're like, no, when we get married, we're gona take out a personal alone and clear IT. I don't necessarily like that method. I like that you're saying, hey, after we get married then we will tack IT together that is right.

So Green check on that um I would not do the one. Um the truth is you're only on the hook for the seventy five thousand. You're not necessarily on the hook for any interest that is include because of their method of paying for this.

That part is on them because they chose that route. They chose that card with that interest story. Unless there's a conversation that I don't know about in my mind, i'd be like, I owe you seventy five thousand dollars. Can I couldn't agree more.

It's a lot easier. They've already theyve already assume this dead for her. This is not something that SHE put on them.

They did this. Uh, I would pay the parents directly and agree with jay. I wouldn't worry about the interest that their problem. They would be thrilled that you guys are serious about paying IT off, and I think it's a lot easier to pay them.

Now I would only say the cave author, that is, you both need to agree you in your head side that we aren't skippin. Ss were going to treat this like IT is a private loan, like our credit would be affected, like they come after with collections. All of the things that people that learn money put in place as some sense of accountability.

And I think that's the key or else this could create tension. And I I don't think that's the case here. I think, I think, I think this is like we want to get this out. I love the urgency, love the character and the integrity here. But I agree with eight hundred percent pay .

the parents directly here's the problem I do for see is that he he's already noticing hey, her mom put this on credit cards IT and this is him speculating IT doesn't seem like she's making payments so or he said something there were more other pain mums so I do for see a problem of down the line and saying, well, we did this, but it's the baLancers grown. So I do think you need to have some sort of really, really clear conversation about how interests handled and how that part is not pertaining to you.

And in records, record, recorder record, I would treat every payment that sent to the parents however you choose to do IT. I would have that in a journal, A, A financial record your bank could easily give you that. I would do that so that IT is track. Yes, if you have the conversation that jay is recommended and agree um because I think they could do something dumb with all that thirty five thousand and I pay off the cricket but .

at that point my problem and let IT be known when can I talk about you having this conversation? We really mean a your wife, not you. You stay far from this conversation and let her speak for both of you because otherwise this could get zy.

Let's go to detroit, michigan, where, nick, way to neck. How can we help?

Hey uh, canada. Um thank you for taking my call. Um I had a question about having dual employment on reason, being with a we have three boys, seven, six and three door that mass medium. And I wanted to give my wife the opportunity to ub a stay home mom ah SHE was nurse to begin with and then um wants to have a three child um I just said I just to stay home, we cannot survive with my income. Um now that SHE um we took advantage of her or SHE took advantest by yourself to our masters to get nurtured ser and SHE .

just completed the program. Yeah 好 冷。 好 okay。 So um can you go head?

Yeah keep yeah keep going on. Get to our question.

okay. So oh my, I work for the department and I make about a hundred and ten thousand and then I was as a family business where I make about a hundred thousand as well. Um other fires is tension and then the family business is just straight fillery. There is a simple area that I can contribute to. My question is, is now that he has a nurse practical license and we have no student that um and I are crazy to leave my father dement ei employment and give up my a tension opportunity um and a lot faring come to supplement my loss and you know obviously strive to make more of the family business or so I just ground IT out with both employment if I can manage .

IT right so uh， how much is he got? Excuse me, how much is he gonna? As a nurse practitioner.

I would hope about one hundred .

and forty o so one forty and the family business that where you're making one hundred right now, you own that or you working for another .

family member.

My d okay. And and is that what you want to do a long term? Let's go fifteen, twenty years or now. Do you want to be a fireman and be in the business? Or you just want to be run in their business or not in that at all?

no. And so that's the unique paris. I in about five years that had the opportunity to leave the fire department under a full pension. Or I unable to be, I can pull out from the pension.

I know, but not focusing on that. I'm asking, do you want to be a long term owner or involved in the family business, yes or no?

Yes, yes.

I mean, that's the dream. That's what you want, right? yes. okay. So what would benefit you leave in the fire department right now. Forget the pension. I know you're all hung up about the pension and not really care about the pension on that minimized in the pension, but we don't make decisions based on pensions. okay. So um my question is if you leave the fire department, that's a certain block of hours every week and you just focus on the business, would that allow you to do more and get paid more in the family business?

Yeah there would be have to be a discussion but .

yeah I i'd have the discussion, dad, if I walk away from the fire department and I start a full time, and i'm all my energy in here, what's that look like? This is very simple. Stop thinking IT about the fire of pension.

Here's a, you walk away from the sion to make your life Better. In the now, in the next, nobody cares about the pension. J.

I want to know, what is the stay at home mom who was gonna be a nurse practitioner fit in all? Because that was the thing that made me be.

sounds like she's back in right to work.

yeah. no. And that was the goal I mean, he just wanted SHE that was her personal um goal was to become a merse practitioner.

she's decided and to get back in and SHE have a gig she's .

rental seeking yeah ay cool OK OK yeah .

I walk away from the .

there's you're only in IT because of this pension is the only evidence you've given us is to why you keep doing that. And I just don't think you need to keep doing that now you can and you want to. But if i'm trying to grow in one area which is for use of family business, every second i'm spinning in the fire station is taking away from that long term goal.

And if your wife makes a hunton, she's replacing the fireman salary. Yeah, why not? Bingo h this is a no brainer. If IT plays out the way that you wanted to play out, maybe wait until he .

gets the good well .

until he starts making the money and she's in.

No.

yeah, man, you got this.

That's interesting. I was confused in the very beginning, but I also jumped in. So that's why was confused a little that I know I did you think .

that was a different direction?

I I don't .

tell me what I can do 嗯。

yeah yeah。 I. I digress.

The woman hear her roar. Folks, good hour. This is the rainy show.

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Welcome to the rams. I show where we help you win in your life, america. We're can help you win with your money, win in your work and win with your relationships alongside the fabulous ly, incomparable jay orsha. I'm just simply, can you get .

a west name?

Call me you. Glad to be with you, my friend. Always fun. Yes, how you fill, how you feel in about .

the future today. You know what? I am quite hopeful, but I would have been hopeful regardless of who won this election. I know, you know.

i'm all about that. I know you know why? Because you, you and your hubs paid off almost half a million dollars, okay, and debt.

You're former d one bulleboye. You are a mom, you're a wife, your a successful person. You are in trying what we been talked about that enough. I don't know if you set A P R on the amErica .

wants to know IT was my personal best in my only best. I I for some reason that .

you had run one before I house. So as right now IT is a personal record. I was impressed because folks, I saw her insuring post on the day of the marathon. I believe I was a saturday, as I recall. Yeah I was and you you posted that you're like, line, like I doing anything and I I laughed.

My hair tied up. I was out .

but money morning. I was at my desk. And who comes confidently striding in to her desk? yeah. No, limping. yeah.

You want know why? Because I did the training. I know I trained, but I also think you might .

just be a little bit more blessed athletically and physically because I was really in pain after mine. Half thought you did a full. I'm trying to, you didn't member, I said you, I was like, are you not sore and you looked at me like I was like.

no, trying to build an acknowledge here for the listeners.

Help me build. I don't know what that is because I don't know .

where your heads. I'm saying that I did the training. I did the steps ahead of time.

So when the race .

they hit didn't yeah regardless of the outcome, I was alright.

Well, i'm proud of you.

You can see and both do you see my analogy that i'm building here?

Can yes, okay. You did .

the training, the baby .

steps and I think I think you looking jumping.

I anted was great. Race day came.

and I was supposed to come.

Yeah, the race day came, no matter the outcome, I was prepared. And that you american people.

I was trying to make this wasn't .

just you and me rambling.

proud of you. Rt, iron is up next right here in the neck of E. C. Our neck of the words iron is joining as.

Ayont show are your great thank you but I .

um I have .

just filed for chapter or seven bankrupt. I was working three jobs now i'm down to two uh and about to have my car replace turn on my balls and I really, really did .

you already file has IT already .

been approved?

Ed OK, so I should .

know when the next month, at the back next month, uh, when? How are you doing .

all just a quick check on your head and heart and .

i'm i'm doing OK just been working seventy plus hours a week trying to work my way out of IT.

哦 OK， we're gonna hang in. There is my point. Your life is not over. You know you you can come back from .

this so you you filed um the proceeding. Can you tell me what the timeline is on this?

So I filed about a month and a half ago i've had the meeting of creditors and they said the next step is after ninety days after IT, it's file I should have but what a the dismissal about everything.

how much was IT like what what was how much was in the bankrupcy?

So I had about forty three thousand that are about thirty three of IT is going to be dismissed from the bankrupt.

Okay, so that leaves you on the hook for ten.

about eleven with student long. Yes.

no. Oh yeah. Cause yeah student loans are not being ruptures. Man, tell me what caused you to get in a situation where you'd file bankrupt you over thirty three thousand dollars?

Tell me more. Well, I was pending over a thousand dollars amount between the car payment and insurance. And then I was working a restaurant job at the time, but just hit the flow season, started making three or four hundred dollars in a paycheck instead of a thousand plus OK, where I went for a new job at that point. And to get more .

steady pay, ataturk, i'm getting out here, is I want to make sure whatever caused this has been rectified because otherwise you'll be here again. And I don't think people realized that. I think sometimes I file bankrupcy in the okay, have solved.

But what I found is people who do with a lot of times i've done more than once. And so I want to make sure we solve that at the root. What are you earning um every month now?

Right now, i've just now got off a training pace, so I should go up. But i'm making about, i'd say, foreground amount, uh, between the restaurant and the exterminator job now.

okay. And that's more than what you were making before.

A I was making murdering the high times. I just wasn't okay.

And tell us about your living situation. What's your rent or a mortgage?

Uh, rent is nine sixty, utilities included?

okay. good. That's set a good spot. Yeah, I just I mean, you're in this now. Tell me again, did you say chapter seven or chapter thirteen? I was check .

for seven. okay.

Yeah so they're just liquid dating everything. Um yeah I mean, at this point, you're in IT. You're not going to be able to stop that. They are going to give you a payment plan. They're going to take whatever they can sell and sell IT and pay down, pay down this and then you're gna be on a payment plane basically for the rest.

That's not no pay plan with a character. Are they giving you .

a plan for the student loans or you're on your own for that?

okay.

yeah. So you're tin K N. And so the plane now is let's pay this office quickly as possible.

The big kicker is a vehicle. Uh, part of the bankrupt. I lose the vehicle and they hadn't taken IT you, but I actually lost was driving the world right now. Do for the exterminator job?

Yeah.

but you have to use only for word.

Are you going to be able to get to the restaurant?

Uh, I have a guy who lives in my neighborhood has been, give me a right there and back when I don't have a ride at anywhere from somebody to one hundred books to either their back.

Well, the good news is the thirty three thousand was dismissed. And so with your four thousand dollars in a month income where your your rent is right where you should be at around twenty five percent, now you've got margin back. So how quickly can we save up to get something in cash? Because that dead has gone.

You in many ways, you got what you wanted in that debt was cleared. But now it's it's at the at the expense of view, completely rebuilding from scratch so that we cannot and I I can't stress this enough. We cannot do the same actions that caused this.

So you cannot go into debt for this vehicle. You've got to figure out what that mean. That is that i'm getting a ride from my body until I can save up three thousand dollars to get the most bitter st beater that I can find is IT i'm ebber ing.

Is that i'm picking up a third job. Whatever that is, you cannot create the same problems that got you into big group. Sy, again.

that right quick commercial break back with more of calls. AmErica SHE stayed warshaw can come on. You're listening to the rams.

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Welcome back to the ramaz show. I can culm jade war shaw joining me the phone number to jump in for you today as triple ate eight, two, five, five, two, two, five, thirty eight, eight, two, five, five, two, two, five. Okay, short quiz for you.

J to what is .

every dog.

every dollar is the best of budgeting APP in the world? nice. Even though I just set IT in the rythm of job role is still the best budgeting up there is we created IT here at remsen and IT truly is for if you're a person who was used to pin on paper, if you're a person who is a spread sheet person, this covers all of those bases.

IT gives the simplicity for the pin on paper person, but IT also gives the nerd out feeling for the spread sheet person. And so I think that covers all those bases. And then if you're a couple, it's great because IT covers the communication part of IT.

That's a good brain and and I like that. Download every dollar for free, the APP store or google play, or click the link in our shows notes if you are on youtube podcast. Yes, all right. Let's get to Grace and cleveland, ohio. Grace, how can we help today?

Hi you guys on my god thinks so much for taking my call.

You bad.

okay. So my question for you guys is my husband I said four side and sick um and we know that you're not necessarily supposed to be gazelle tense alderby through step four, five and six but we are wondering some square such a Young age as there's ever a situation where IT is a procreate or make sense to stay because I want tend to paying off your mortgage yeah you .

know it's funny. We get this question a lot and i'll tell you what I jays opinion uh my opinion is if you were a person like sam or I who you know, baby, step one, two and three took you an an order amount of time, right? You were doing IT for four years or five years or even three three years of really being laser focus to get your head down.

You're sacrificing at a deep level, yes, when it's time to go to baby steps four, five and six, you need to chill out. You need take a chill pill. You need to move intentionally, not with intensity.

You deserve because you deserve to enjoy some of the fruit of your labor. Life is life, is your life. And you engh.

It's hard enough like you, you've done the hard part. Now you get to say, okay, let's enjoy this a little bit. We gone a fiction. We buy new couch. But we're still being intentional and figuring out the rythm of when we're going to do extra payments, whether to be at five.

twenty nine or to the house.

Now yeah, if you're a person who you're like, you know what? I can just automatically avoided dead, and I didn't have much of IT. And when we found the baby steps and figured out that there is idea that you could pay off the mortgage too, we never really had that head down laser focused time period spent on debt and savings. Then yeah I could see where you could say, you know IT for us this is kind of our baby step two vibe for its mortgage and i'm not mad at that um and I don't think he said i'm saying as long as you and your spouse are on the same page and you go for us, this is this is the that moment. I'm not mad at that but it's .

the root of that question. great. So I think it's interesting that you ask us, can we remain it's almost like you're looking for permission or maybe your spouses looking for permission. Tell us what's behind that question.

yeah. So on IT took about a year to get through baby. Step one, two and three.

On three did IT pretty quickly. We are on a two income, a household income, right now. And we had a surprise baby, his six months or now.

And I would love the opportunity, stay home like my mother do with us. But right now I am the bread winner of our home. So which is not possible with our expense for me did to completely stop working. And I want to to be financially responsible for just the future of our family. But if we have another kid, I would love to be able to stay home. The kind of the root of that is we calculated that we would be about during a half years out if we are the so intense to finish the mortgage that would take born a half years total to get to baby seven. And then at that point, we won't have a mortgage and I be able to stay home if we decide to have more kids.

Course, if that's that's all I ask for. You know what the answer is? You were calling us kind of looking for permission.

Ah, this was a question about you.

You don't need our permission. Your life. I love how jade answered that. I agree with what he's saying there. I think in this case, you're OK.

You don't feel like you're overheated and you ve got a really great why. And I just think motivations on an issue for you guys. So yeah, that goes, how do you guys want to go?

How old? I'm twenty seven.

so you'd be thirty and a half with the .

paid off mortgage. Yeah, we on the seven and thirty and a half, his incomes aren't like kind of untapped with what he does. So he was like, I mean, from age thirty to whenever he decides to retire, like I could put more than fifteen percent into my reality at that point, we could be busy.

Or now do you guys have a plan to replace your income with his growth or get close to?

yes. So right now we're one hundred and seventy thousand between matter um and twenty seven twenty eight OK and um his income should uh definitely easily hit that throughout the course .

of his career.

Well that how soon? So let's let's fast forward your timely do you think he could get to a place where he's almost or has replaced your income or surpassed your income by the time you .

get the hospital to as mine? Yes, to pass both of total, probably not um but he also we both have like five hospitals that we start .

doing on .

the side and where I think we're starting to get a little more intense with them that we have the opportunities.

I may not have asked IT well so but I heard you said he's not by the time you pay the house off in this time, he's not going to be making what the two of you make together.

So I follow up question is, and I think going to the answer, will you guys prepare for that and adjust your lifestyle so that doesn't put you under pressure because what you don't want is to be jacked and excited about coming home with the baby but then feeling the pressure of the school eze. So we want to adjust our lifestyle so that he also doesn't have pressure. Is that gonna be the case?

Yeah so um that's a really good question. So we have to gure IT out that if he kind of continues, that has trajectory when i'm done working, he should be at about fifty five hundred monthly income but are expending not only twenty five hundred a month um so we should still have like a three thousand dollar on every month .

and that's and that's no house in correct?

Yes, that's corked.

okay.

Yeah, I see. That's the march. That's all i'm checking you and you just get a great plan. I feel great about decision this maturity couple.

We actually did financial peace university, our church and college had offered IT in my family. I wanted to do IT before we ever got engaged. And we just think that was the best decision we ever made because we are both very aligned on values and financial, literally and everything.

And I just have to save to before I go off. Jed, you and racal are both like my role models. Super got to talk to .

you and you're the role model.

You're senior.

You've done everything that we could possibly hope someone would do and this is the outcome. You you have choices and you get to live your life based on your values to say, like racial cruise, you've created a life that you love. And I think that's EXO the .

role model and you to receive.

though I receive .

IT my parent.

you and Rachel deserve that great test phenomenon. How are you again? Twenty seven, twenty seven year old Grace, looking up to U.

N. Rage of crude smokes Grace, you have picked two fabulous old models. I'm blessed know both of these ladies and you you're on a great track so thanks for sharing that. Um sometimes you know people need to hear that. So have that feel that make you feel old.

feel old? Why do I have to be old king to be a role model?

Point there I just stepped. right? America, this is a classic male error here.

I was trying to be nice. I just was showing you some honor. And then I go and ruin IT. If you feel old, she's twenty, i'm gonna vea .

all you feel, I feel this is the reason I came here.

There we go. good. You'd deflected that really quick and I wanted you to receive that because that's a big deal for someone that short to call in and trust you with advice, but then say that nice things. So that's very nice.

Do you .

feel old after pick ball? I will. At this very moment, I feel very fresh. I didn't get a lot sleep last night.

How long did you stay up? I stayed up. I tried to watch to the very and I up about one thirty well.

for the doesn't know me I used to and very, very long ago life used to work in politics and i'm just an observer now like i'm a junky. I watch both sides. I I just take IT all in.

I'm very quiet and sit there, go higher, low. I just kind of like watching the game. So I will tell i've got home two forty five years.

Okay.

that's and had one to many scars. Is crack on me little bit today.

a little jealous. I had popcorn. No scars. 嗯， next time include semi.

We'll do IT quick break will be right back. This is the new show.

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is a paid non client promoter participating prose or more ramsey solutions dot come slight smart western log back to the range show amErica alongside jade watch on can comment the phone number for you to jump in we'd love to coach up today is triple eight, two, five, five, two five, five, eight, two five, two, five. Amy joined now being amy, how can we help today?

Hi my question is a shared asset I have with my other adults that bring um so the assert is actually in texas and IT was given to all of us by my parents and um IT was it's definitely been a blessing and um it's getting to the point where there wasn't really a long term place. So IT starting to feel less like a busting and more a point of conflict. So have there is a house 嗯 and all me and all ma sibling pare named they're on IT and we have all lived there at some point um while paying print except my brother is now he's been in house for about six years and he hasn't paid and he's currently um on leave with the military and I tried to reach out to make a plane before he you asked and he didn't respond anything。 So i'm wondering how to navigate this asset and keep IT a blessing um while preserving our relations.

How many sibling s total? There's four of us and how did he get this deal? How did he just start living in when everybody else has lived in paid rent on presuming you guys have rented IT to other people as well as that? true.

Um I think we ve bringed IT to one family.

Um how did he get away with living free for six years?

So I was kind of like on your integrity, there was an account set up and you put a certain amount t in the about account every month um and he decided he didn't want to use that same account. He wanted to do its thing really like that. Fine, you can pay rent. You.

what is?

It's two hundred and fifty dollars a month.

Oh, this is a joke. And so he's not been paying IT. Not, not once. What are the other civilians talking about this?

So they like we would. We don't know how to resolve IT the communication is not great um they kind of want to be like, well, yeah we would like to talk about the kind of written office like oh like where is never gonna money from that? It's just never gonna thing's going to change.

How do you arrive at the two hundred fifty? Is that like an arbitrary amount? Is that maintenance?

What is that? So that was set up like over a decade ago, like a long time ago, mate. And I IT was. But the purpose was like, oh, this is affordable so we can live in IT and save money so we can, you know, kind of get ahead. IT doesn't include like utilities or anything like that.

So all four of you are on the deed.

yes.

What's IT worth the asset?

Probably two hundred thousand. And at the on the bottom that at the side and .

there's no dead on IT, right? No.

no. So do the .

other three siblings. I am sorry, there's four of you. So the other two plush you are they all wanting to get out of this as well.

Are you there? And sorry.

I I couldn't hear that into that question.

Okay.

i'm here. I am asking, do the other siblings, are they in agreement with you about they want to get out? Or you the only one thing can go on, how do I get out of this?

No, the other simple to all an agreement.

Okay okay will that help majority rule? So so I I don't know so I want to say something but I first say I don't know. I've never experiences before.

So um I would be seeking council uh actual legal council on this um on on what your options are when you get four people on indeed three one to get out. Um I don't know enough legal on that, but I would say this. However, this goes down.

It's time for three of you to stop letting him bully you. This gets a, this gets a bully. And I know what your brother i'm just telling you like IT is he's not returning your calls.

He's just acting like a school ground, like on the playground bully. I'm not going to talk to you of giving the silent treatment. I'm creating all this tension and i'm not playing, paul.

I'm just creating all this. And i'm daring he's daring you guys to do something. And I think he's doing IT because, you know, you're not willing to do anything about IT.

And I think that's the only little thing I wanted to put in there because I think how are you resolve this, jay? I'll get out the way if you get a point on this. But I I think whatever needs to happen, he needs to realize the gig is up. Yes, I think if you've long out stage welcome, you've been you to take an advantage of us.

It's over. Yeah so just for clarity for me. So you guys, the plan was when you live in the house, you put the two hundred fifty dollars in the account in that split among gs, the other three siblings rate.

no, so that that amount goes just towards repairs like or something like breaks. You have money in the area for IT. And so while .

he's been living in the house, if something broke, what happened?

Um i'm not sure. So well, he there are things broken and they're just not IT, so he just .

didn't take care of the place. Well, he was there either. Oh wow. okay. So yeah. I mean, the majority rules here if you have to get a judge to force this, I don't think that would be that difficult to do IT.

We can talk about the a of him buying you guys out, but I don't think that's gonna en. It's just not gonna happen um so yeah you might have to sit down all of you guys sit down and try to make IT light, but for me, the fact that you're calling is no longer light. So you can try to keep that a light conversation.

But I think the longer you let this go on, the worse IT gets. So to kin's point, yeah I think you guys get together somebody talk to a judges and say, how do we force this because we're ready to sell IT we've kept at this long. He's not paying rent. And the truth is um I kind of like the fact that he doesn't owe each of you because I mean, if you guys are splitting this money, truly, he would owe each of you six thousand dollars but he doesn't since he's not even taking care of the place although who knows if that will affect the real value.

But i'd get out of the immediately if you look at, let's say they sell up for two hundred and it's less than fifty Green and each IT is not enough money to be dealing with all this garbage. So amy, i'm with you think your instincts are right. Let's get out of this thing, no messing around.

It's not worse. But in a bunch with a lawyer to the judge thing, whatever, I think, jay, right? Let lets clean, efficient forces he and we're selling this thing and we avoid all attention and then thanksgiving and chrystal as takes care of itself.

But yeah, I get out quick. I really what that's that's an unfortunate un. I mean, you get and see that's okay.

So i've sitting here and I didn't ask OK already put on home. But like I didn't ask, I guess I should have if mom data still alive. I get the picture they are around.

I got the feeling they are around.

But I just in for that reason, I I said, I want note to self if they say I want to bless our three kids, I need to bless them individually, not try to do a we're going to do this asset and work three view into IT I just said there I went note to self, cash, money and individually yes, you know in IT to i'm blessing you this way. I'm blessing you this way, this way and it's not this like joint thing is what I don't see what the value is .

in there is in the family home is my guess. I think they probably had the option to sell IT early on, but they weren't ready apart with IT. yeah. And so I pri just became, listen, I am adding all sorts story to this that I don't know are true.

So that's sorry that you to agree, right? Give kids a house, aren't you guys? Here you go. yeah. Even if there's not a problem, it's just feels like it's easy for a problem to exist because we have four different people have four different use of life money.

It's like when you get a gift card to a restaurant you don't really like, you're happy for the gift card. But now you're forced to eat apple bees.

oh, cheese. You just went there, just shot across the bow.

saying.

neighborhood, I of people, hey, note to self team, no, apple is gift cards for jay that would not go over well, where get you a gift card? Her friend.

VISA gift card I A put spot seconds.

if i'm going, you going a gift card to a restaurant where to go?

IT has to be national, so people know IT, okay, come.

I don't know.

Jail is, do you guys have that?

guys? You live here too. I'm not. Do you guys? I live that.

I want you to say red. Is that at all? I love a good lobster. All right, quick work. This is a abc show.

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 in a daily for your chance to when at ramsey solutions dot com, I should give away it's that easy plus our fifty days of Christmas deals is on right now get up to thirty percent off best sellers and life changing gifts that won't break the holiday budget ramsey solutions outcome sash store welcome back .

to the anzy show longside jay war can comment thanks for being here here you were here for you for late eight, two, five, five, two, two, five. Before we get to the phones. Quick question from the rainy network APP.

This is from gerd. I short of following your program about five months ago and paid off two out of five credit cards. I lost my job two weeks ago, but was given to several package.

Should I continue attacking in my debt or pause until I gained employment again? I'm actively looking and have been interviewing. Good question. Very practical.

yeah. I mean, one hundred percent. I would pause IT this is something we would call a storm so you're in storm mode.

So I love that working the baby steps. I love that you were just starting to get some momentum there. But let's posit for a second, get a job um under our bill and then we can push play once things .

Normalized by the way. Uh a quick reminder uh if you are listening in via your favor podcast APP or you're watching via youtube, uh this is the last segment of the show that you will hear unless you go over to the RAM c network APP. And you can do that by just clicking the link in the show notes and get to the APP and that's where you get the rest of the show for free course.

Those of you listen to the radio, of course we continue on. So just be aware that programming note trend joins us now in wilmington, north CarOlina, a trend. How can we help today?

I get doing IT good.

How are you, sir?

I don't. Well.

what's going on? How can we help?

So, uh, I got some money in the stock market and start as my wife and I wondering if I should take that money out to pay off some of, uh, this house dead. I have, uh, couple of real properties in a primary house. Uh, one of the one of the real houses can put they paid off and the next one uh has one hundred eighty thousand I O on IT. And of course I just bought my primary residence. Uh, people to go.

Okay, so you've got a paid off rental or rental where you owe one eighty and what what is that one worth IT if you were just to sell? And just curious .

if I worked about four thirty nice.

And then um your primary house, what's the mortgage on that?

It's about three thousand a months.

No what you oh like the big question.

sorry. Um I about five hundred on us.

Okay, okay, tell us about these these stocks .

is its single stocks very minds in index mutual fund and I have two sixty in mind and my wife has in inherit uh rough and she's got three sixty in hurts wow okay .

so the rough I array um I is he required to take any distribution of that or not yet.

Yes, you had to take out I believe that like rotate five hundred a month OK.

she's require to take five hundred. And you're talking about liquidating that. You said there's three sixty in that.

Yeah I don't know if I should pay off that second rental with you know some time money in the stock and maybe some of hers are sure just keep IT all in there and just keep let IT grow as is. I just yeah, I wouldn't rentals and stuff like so i'd like to get back into that but I wouldn't .

liquid ate the roth I ra um because you're gonna have a penalty. I believe if you do now the mutual index fund it's that's that's non retirement is just a broker account, correct? okay. And how much you say again, tell me again .

two sixty.

okay. Um that one if you wanted to, do you have any other consumer debt?

no.

okay. So no consumer that do you have any other retirement funds.

Just that one rino, let's paid off.

That's part of your retirement. You think? Yeah and what's that worth right now?

It's worth .

like two thirty around there. OK.

And how old are you?

A thirty six? Are we thirty eight weeks.

Listen, I just grilled you. I understand that um yeah I wouldn't touch this. Um you don't have any other retirement. If I were going to do anything, I would liquidate the other paid for rental in order to do this.

To clear some of this out, I or I would keep the paid for a rental and i'd liquidate the one that's worth four thirty and get that and put that two fifty, whatever you gain from that, onto the house. That's what I do that way that keeps you with the paid off rental that you're hoping will continue to add value. And then when you're ready, you sell IT for lots of lots of money one day and you're paying off half of your house by selling the other one that you had dead on anyway.

You're saying, would they sell the one that, uh, that I will want eight on and paid down my current house that .

we're saying that's what .

I do OK OK because I I .

don't want to keep around a rental that i've got debt on at the expensive of me living in a paid off house. And I I think that this this mutual fund that you have for all intents and purposes, i'm treating that as a retirement account um and from now on I would unless yourself employed, I would be trying to invest in in my foo one cat work. I'd be looking at a rough ira instead of just a broke rich account.

Okay yeah I am self employed.

Okay yeah and even setting up something like an individual for one case, something where you're getting more benefit um then just this broken age account, it's it's not a bad place to start, but even roth iras is good for you. So that's just a sid note. But yeah, in your case, let's get rid of that rental and start knocking out this house.

Okay, okay, that's great.

Too easy. Yeah, there, you know, broke. Don't fix that I had over here that's going to say I can. Cur, yeah, the job you.

Thank you. I'm sorry I .

doesn't to here more on that, you know? IT, thank you. Nicholas is up in photo x areas. Nicholas, are we help?

Hi guys, thanks for take my call.

You bet what's happened.

So i've got a health insurance question for you guys.

I need my wife.

We've got, yeah we've got our open romance, uh, coming up this friday and we're trying to decide between and H, R, C, which I know you guys they can up, or P, P, O. The one factor is making this difficult is we have a baby do our son in february. So we kind of like unknown hospital expense going into this um whatever account or whatever insurance we choose.

But we can't got burnt this past year with A P P O. And I just checked to yesterday with the low deductive wall between my entire family, we've only spent one hundred dollars towards that with like five thousand and premium. So so IT, i'm just trying to decide whether or not you know with the baby on the way that so complicated IT or you guys still recommend the H S. A.

Um I love in hsc um because of the savings component to IT. And there is a part of this where you know you're having a baby, you know that you're going to hit the deductable possibly. I mean, there's a good chance. Um and so there's part of that war. I'd like the known if you've done the ppo and IT didn't work out for you and you know that you've kind of its burned, you then this might be a good opportunity to switch lanes.

Yeah we so we did the for our daughter for our first child. We had we're on A P P O plan and IT seems to help out there because between the um before, like all the appointments going up to that and then the labor in the delivery, we hit that the dubal pretty quickly. And so the actual hospital bill was only about eight hundred box.

But because of that, the beginning, the year, I kind of see you we're going to run up about adoptable either way. Yeah the I I guess I can give you some more details on the numbers. Um are deductable for the P P O.

We would be forty six hundred and for the family, twenty three per individual. And then for the H I C, i'd be forty six hundred car individual and ninety eight hundred for the family. So were basically for sugar hit the P P O deductable yeah um and then be thirty percent coinsurance after that. And then on the H R, A after we had the deductable is twenty five percent conscience. So a little more coverage .

after we hit that hide deduct. I like having I like having the lower, the higher coinsurance because like you said, even after you hit the deduct, there's any other costs, you're still on the hook for a percentage of that and side wanted be on the hook for the lower percent. What's the other pocket max?

Other pocket max? yes. So the other pocket max for the P P O um is thirteen thousand eight hundred and then for the H S. A is twelve thousand eight hundred.

I like that Better in that. Is that first individual? Or that was family.

that her family individuals?

Are you healthy? Are you healthy?

Yeah, work. We were my wife, twenty three and on twenty four, he said two beautiful pregnant es so far.

So he had i'm making this choice based on her and i'd probably go with the hsc. It's got the lower out of pocket max and it's got the Better co insurance. So for that reason, i'm not judge .

jae folks. SHE doesn't feel good hour. This is the raggy show.

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