Dave Ramsey & George Kamel answer your questions and discuss:
- Setting goals that actually work,
- "How do we stop living paycheck to paycheck making $130k a year?"
- "How should I plan to buy a house?"
- read more: First-Time Home Buyer’s Complete Guide,
- "Should we wait for student loan forgiveness?"
- "How can I ditch my universal life policy?"
- "Should we buy a failed business?"
- "How can I talk to my husband about money?"
- "My parents are in financial ruin,"
- "How can I pay off debt with 90% interest?"
- "Do your parents' debts pass on to you?"
- "What's the best way to invest $200K?"
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
I
The we help people build the work that they love and create the amazing. The george campbell ramsey personality, the camera popular youtube, show the smart money happy hour. Is my co host today we're back alive and added, as you folks are hey, have you got the
webs blown out from the ignore get. Are you back at it? Are you ready to rock n roll? Is a game
is there a reset or cycle that needs to be broken. My buddy
who's got everybody resetting and were breaking the cycle. So whenever it s
do, there's gotta be a thing and you gotta do something:
different. You gotta stop these new year's resolutions and process make a habit happen.
and one of the things that we want you to meet
A habit of is making sure you go in order, Georgia's book, it comes out next week next week, George, it's crazy!
so you can just for a couple more days, get all of the priest
elements with it and I
breaking free from broke, the ultimate god for more money and less stress and it's very millennial cover. But it's
I mean it's not just for millennials. That's right! I'm only five to fifty
I've anywhere in there or a little younger it will only fifty to fifty arrogant. Well,
people are saying eight. What is the book I can give to my tina to listen to us? There is a right that I hope this is the year
people break free from broke dave. There's too many people out there,
and it's not about income or having people collins, make two ran on incomes everywhere and the drowning in payments law a lot of people
would make a lot of money is spent at all
this is the lutheran in congress or something I think america's gonna.
Blood from the matrix this year cause they're sick of this toxic money, culture of debt and payments in their stressed out about what's going to happen in the economy, and I swear
the financial mayor up and go you're going to solve this not up to any one else. That's a charged show the book comes out, mix
week. If you order the twenty dollar book today, you got about a hundred dollars or the goodies with it, including a couple months,
Every dollar that comes with it anyway. That's right, what are you,
four or after three months of every dollar premium, the audio book, which is going to be enhanced with some cool production, audio book, it's gonna, be the best audio book we vote.
Exams extra production on it
We got our live event happening the launch week that you'll get access to as well as a video talk. I did called show me the money all if you preorder yup sure about one hundred dollars worth of stuff. If you preorder right now, breaking free from broke show will start the year with a commercial, but we'll keep going
the deal is that and I wanted to make
We're going to carry this over in the next segment cause. I just looked up and saw how much time I spent yakking about nothing but the er. Sorry about that guys. I was one of my new years resolutions. Not do that. Stop you
and it's not now cast can't stop like quiet out there. If you do that, but the setting and keeping goals
because the thing we have figured out that is unique, ramsay that the arrest
the financial world still struggles with. Basically, is that personal finances, eighty percent behaviour behavior twenty percent had knowledge.
You really fix the persian in your mirror or you're. Just screwed
You're, just not, if you keep doing what you been doing, you don't keep getting what you ve been getting an can
anyone who do the same thing over and over again, expecting a different result is the definition of insanity and so
It is time to break free from cycle, and that's why we're gonna live stream called there as well, but the, but I won't talk about that.
in his neck segment, a minute and blushed at that up. A second cos
I don't think any of you want to missus next segment. It's really didn't die
going into from a business perspective, treating your life like it's a business, how,
my going to set my revenue goals, my expense goals and my profit. Go. You know, that's what you do for business. You shut up
budget, and how am I going to do that in my personal situation, because everybody's a little bit introspective this time of year? You know
I got an email from a friend, a mouse, don't draw january, showier bicycle
do something to be a little better
of themselves right and arm part. I think you should anyway
yeah I mean we have a lot of areas, fight finances, what we focus on, but now with doktor john bologna here we're covering mental health goals in relation
ship goals and can coalmines got work goals if you wanna up your career and so its expanded anew?
talked about how you you dont, want a flat tire in any area of life,
as well. Will you your great
your finances, but your marriage is on the brink. You've got
to excel in all the areas. You are you're a great parent, but you're broke olga. I'm. You know that that ends up by definition, eventually not being a great parent. You know, by definition,
and- and so, but if you work all the time- and you never see your kids, you got a pile of money, then you you, you know you're again, you're out of balance and people talk about life balance, but I
we'll talk about it in that sense, could sometimes that code. For I want to do
I over here not do anything
like a balance I want. I want to kick back and call that life balance want you to kick in which it
yet it would get after and whatever the area is that you need to attack. I want you to do it in a wholesale,
and wide open show in basic. Basically, I'm about dreaming dreaming is good. Having a dream is
thing being a dreamer
negative. No one wants. No one wants to kid to marry a dreamer
dad I'm getting engaged and he's a dreamer okay
If they're going to live in the basement, that's code for unemployed that's code for am, and I don't do much else. So you don't want to be a dreamer, but having vision is a good thing while having a dream is a good thing, but just only that the negative comments
she's a dreamer means without action, and so you want
step into action and forty, one percent of americans make new year's gulls arrest,
motions. Only eight percent end up keeping them. I don't kimberly without high only eight percent.
I would have lower than that, but we're gonna talk about in this next. Second,
exactly how to lay out for any area of your life, how to lay out a goal and how to make it work and how stick to it for the rest of this year,
so, if you've kind of had a oh, I late or maybe you're really game on. While I'm going to give you a little bit a little fine tuning for that next time, next segment here and
we're a laid out in a way that that you're not going to be confused at all about what it takes
when in
in a given area and bottom line as it takes that your mirror that person that they have stepped up
Why are you teach this and andrzej leadership law, but I love the business analogy: gone hey what if we treated our personal life like it was a business.
There was really something on the line cause a lot of times when it just ass day. We can lead
selves down all day long, but you can't do that in business and I think we need to have that level of of gravity when it comes to our goal
This year there I'm gonna get around to investing some day, but up
treat it like it matters and well. You know how to treat it
get really matters, because it does.
The main retiring in eating. Alpo is not a plan,
retiring in having the the in the dad blame
government you're living all social insecurity after working your whole life at the government, which is well
for its ability to handle money. Take care of you! That's a dumb plan that
the definition of mediocrity minus about six degrees. So you no wonder that. But that's what's gonna happen if your own coast mode, you can coast through this
scientists and have a relative
decent lifestyle, hush, dress, but railroad.
If lifestyle
still, I would. Rather, you should turn only turn up the heat. Let's go get. It was produced
the different all that leads to more peace, more confidence, distress, that's what this is all about. Those stated
Can we go if they turn for the magic formula, nother magical graves laying out the secret sport? Can you believe it? I was sure age and there is no magic
to tell you all that
grandma, also common sense,
those of you that one lose weight here, I'll help you with it. He lash whoa,
Do you like your money for a craig I've and something going to got some save the different on the money I'll die book it for report about this? Is the ramsay show?
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George, camel rams? Your personality is Michael vote today. Welcome the ramsay show folks were glad you're here,
This is a show that actually help you want to win at your life. We started yours,
oh talkin bout, your money, which don't talk about money, a lot
about every area of your life. We were talking before the break there.
dreams, dreams with were closed down or called goals, and you better put
we're closed down. If you wanna get something done the young
it's funny to me that a return, I'm lucky, it usually
the time, I'm wearing work close! My luck.
Needs to happen. The more our work is: justice
image twenty correlation correlation. You know I get more luck. The more I work and it's pretty simple away: this isn't dreams, they put their work, clothes on her called goals. Now lot of people talk about setting goals, but only tell you if you don't set the goal,
correctly. You have zero chance almost of hitting it and has to have really. There are five components of a properly shut. Go
and if you dodge any of them, you lower your probability of hitting it almost to zero. The first three for sure, if you don't do the first three you're just done, there's not there's almost no chance. You're gonna hit it
so I want to lose weight. I want to make more money. I want to have
a career, our graduate from college.
I wanna whatever, so that the first two things a goal has to be as you
if you say our lose weight, you're not going to that's not enough. That's a dream, its fuzzy it the first two things a gulf has to be specific and it has to be measurable
so ago losing weight. Is a measurable van earning more money is immeasurable that I want to get out of that. That's a measure role event. Now we ve gotta get very very specific how much and by when. That's that's another piece of the puzzle. Your third one is time limit. Yeah. When you have those three together, it's magic.
how its reality. Well, when you put those three together, math automatically happens, show you not less issues the waiter
a lot of people talking about that this time of year.
I want to lose weight. You ok, that its measurable, but it's not
Ok, how much you want to lose thirty pounds? Ok, now immeasurable and specific. Now, then
is, do you want to lose thirty pounds over ten years and how many times do you wanna lose thirty pounds so yeah? That's it!
one piece of the puzzle show you know you are. I want to earn more money great how much I gonna earn one hundred thousand dollars the sheet. Okay,
How soon do you wanna do it now, when you put a time
limit on it, and you know what the amount is automatically your brain start doing. Sixth grade math, now much per month, long division right,
I want to lose thirty pounds when I do it over three. Much,
instantly everyone said: that's ten pounds a month instantly,
we're going summer. You are even going further and showing us two and a half pounds a week and then
art automatically showing what has to be true. That's not true. Now and
my water intake, lower the bread and sugar and take and incur
my aerobic activity to thirty minutes so that these are magical things you do if you're losing what
if I want to urge more money? Ok, what are your own commission? Do you need to make more sales right? How many more calls do you need to make them?
sales? I have got on me. One time
instead I'm going to earn? One hundred is working for us. She said: I'm gonna earn one hundred thousand dollars this year and I said no you're, not he said what do you mean
pay me. I should know you
read the sales report. You don't make enough calls to make enough sales on average.
our average order value on that call to make a hundred thousand dollars and so
Many hundred thousand dollars. Eighty three hundred thirty three dollars a month, that's twenty one or dollars a week. What are you gonna do to earn
One her hours a week and then you figure that out then and watch it
to do that and you want to do those steps boom. You ve done
long demanded, drowned the math right. I want to pay off. Their lot
cause people calling in they go well. You know I've got seventy five thousand rs in that. Okay. What do you make on a sixty thousand dollars? Okay, if you pay off twenty five thousand a year, that's three years.
Were instantly. We're doing were setting goals with you when you call in here for you
but also inspiring you by showing you that, if you did roll up here,
please earn a little bit more money and lived on less than you make. You could pay off twenty five thousand dollars a year or less two thousand dollars a month. You that for three years you paid off seventy five.
Not if you start to do the math and then the math gives you hope.
If you can really do thirty pounds and in three months
unreasonable loss for most people. Now you
shouldn't do that. You are now appear. I would float away to the ether if I did that just one of my legs would be smaller, but you know that's off, but the butter.
people are right, so everybody to have different thing, but thar
pounds is doable
pounds is, do you got it? You have to make the go reasonable, but he wanted to be a little bit scary.
Where was too easy. We tell you if you don't write it down, that's the fourth one. It makes it hard to do too
once you ride it out, there's something that happens. The bible says right,
vision and make it plain chosen in Habakkuk, one of the old touched, my books right, the vision and make it plain,
When you write down I'm goin loose thirty pounds ten pounds per month,
A thousand nowadays ten pounds a month twenty pounds a week, then you step
the scales and your uptown you
you got a baseline, go art naga three lappet jump screwed.
We gotta get out the cookie shirts, I mean you, did you start to make the
hush much of what you ve gotta do put up the christmas cookies is enough. Already I'm talking to myself now without the arsenal, but the bombing
I I'm going to pay off this debt. If I'm gonna pay off two thousand dollars a month and you look up and you've only paid off one thousand a year off, go,
and when you ride out your debt snowball. When you right out your budget, which is your money,
really goes for money? Then you ve got it en route.
If you want to earn more put it in writing and they start talking about what
gonna do to cause that to happen.
Something has to be different for you to be different. Hello
if you want to be out of debt in your end at something else to be different, so what's gonna be different
I'm selling from crap, and they were amputate Natasha here that that both this
except now that they are that we act like we use and we don't use is gone. I may work
I have a nine thousand dollar rotting, lawnmower, I'm an idiot so selling it is ok.
I mean you're, an idiot. If you have nine thousand rotting lawnmower and- and you
nine thousand dollars on now. If you
Your billion airing of an anthem around any pay cash in music as russia. This
idiotic but thing to do. People do that to soccer
Ices must be made where something here
to change
Generally it
Change always feels like a sacrifice. It may not be, as
professional should I get might be to look up and you go out there spit it out
knowledge and, in my savings account our thirty five thousand dollars on the stupid, but student loans and apparently job.
and is not coming to the rescue, how our
You just now waking up to that and so
I mean he can in fact my name but the yeah. So, oh, my god,
Are you just now like, so if the change could,
simply be you you're going to reduce your savings account by thirty five thousand dollars, ready set go boom and it's still going to hurt a little bit tap out done just like that.
The last one is the goals have to be your girl, that's the unexpected one in that it makes here. Well are the people let
bullshit goals. For that my mama always want to me to be a dentist. I'm not goin to you.
Parents told me I'd start wasting money on rent and buy by house now.
It's a terrible, reasonable house, and yet they didn't find any of this suggestion. No
pay your bill. My friend said I should always have a carpenter yeah, but he pay in it. So hello, I'll people are always
People always got opinions about everybody else's stuff, and
my dad always wanted to be a preacher? I'm not going to your church unless you're talking about god, your dad god, the father
but other than that, I'm not for people whose earthly far
they're called them under the ministries and make good pastors Helen, and so
You know I all what you know, but you need to say
My wife wants me to lose thirty pounds. That's it is that a trick question? No, it's not a trick question. It won't work until I want to lose three pounds.
I could want to do it to. Please are your resistance? Really! That's really horrible! That's that's bush a fad right there. I mean my way,
want me to earn more money, not work.
My momma always wanted admitted that I don't care what your momma wants is to be a grown up if you're twenty five
problems are now your problem. You can blame on your parents anymore, you're, not gonna.
Walking around like a large body and stuff and new freakin act like it. So you can't you
These are blaming mommy and daddy are done, show that expired, exact
now seven areas. We recommend you set goals for certainly financial gulls intellectual bulging read a book this year. How many nonsense
in the books you read this year,
a correlation between your income and and level of nonfiction books. You read read a book family goals.
are you gonna break that our spiritual, gopher prairie,
bible reading going to church physical vote.
By the way, exercising run a marathon career go,
social goals. You should
it in these areas, and they should be specific that should be measurable. They should be in writing and they d be your goals, not you living someone else's life, otherwise it doesn't work
This is the rams asia.
Hey guys. It's rachel, you ve heard. We talk about christian healthcare ministries, a health cost sharing ministry, but I want you to hear from one of their members abbe wrecked up a lot.
doktor bills with a recent pregnancy, but she said
I see a jam shared all of her eligible pregnancy, related medical expenses and their staff
was consistently attentive, helpful and considerate. That's abbeys!
H m story, and it could be yours, learn more and join siege ministries, dot, org, slash budget, that siege ministries, dot, org, sash budget,
george campbell ramsey personality, is my co host. Today, Alyssa is whether she and Naples florida hi alicia, welcome to the ramsey, show hi hey. What's up, not much just taking a break at my work day? Okay, how can we help.
So I just
re married in october.
And my husband- and I you know after the wedding, really sat down and took a good look at our come
find finance is good and we death
We made a lot of debt choices.
Independently and now coming together, trying to figure out how we can tackle that. Hopefully you know
The new year planning on in our having a kid
We have a nine year old daughter,
in china get those enough. I figured out. There were nine,
constantly worried about savings and, being here
they retire.
Sounds like you need to do all the things that all of us need to do here feet I really retired, get out of debt. Save money right, right am and part of that thing that that's a little bit frustrating
is out between our combined finances, will bring about. Eleven thousand five
a month and still feel like. We can't you know. I've only got about
without an hour savings not able to really contribute to retirement or anything like that you're trying to figure out. How much does the EU vienna?
so a student that we ve gotta
a hundred and forty thousand am tomorrow at it
I'm the man for how therapist I've I've got. I've got a bow. Ninety, he,
He has about forty, and that was you know from the his parents, pushing him too
Go to college and three has that with no real what
does not relate to show for it?
car payments
bout dickie
thousand hold on our cars. Yo sixty intercourse
and then we ve got a mortgage that got about two hundred
any body out that's as far as that goes ok,
so unless looking at these numbers, let's ignore the mortgage for now and focus on the consumer that you ve got about a hundred ninety or selling consumer debt
guys are bringing home what one hundred thirty hundred forty grand and
this becomes a great math equation or we go. How much margin can we create every month to throw at that smallest dead? That's all we're focused
no saving, no investing we're, not eating out we're gonna make some sacrifices here. How quickly could you pay off and could you throw threefold
five thousand dollars a month at the smallest it
I wouldn't want you guys, I think for me. It's
fear with my daughter,
to ensure that we have enough, because with me with me being
self employed in him doing construction, and things like that. I get worried about catastrophic. If you don't are more about you make a hundred
thirty thousand hours a year, freakin broke.
That's what I'm more yeah! I don't get it
word about that driving cars.
can't afford california. The lifestyle is absolutely asinine.
and that's nothing to do with a non euro.
What does she need? That's thousands of dollars a month worth
sandy to take care of her it's more it's more just in case
You know that, will you there's nobody but you're not know anything about three thousand dollars. So that's a complete red hair,
it's absolutely you're, not you're. Doing now.
About that, except creating anxiety, right yeah. So it's termed it's tom
Penchant for actions from urgency here and say: ok, the
more dramatic week more dramatic. We change our life, the more drums
radically. We change our
the more sacrificial early. We change our life that the fact
Further she's gonna turn around a run of apollo casual beata death. He asked the more you
guph around with it cause. Here's the deal you guys just
I have no idea where the money goes right in
we're gonna get you on a detailed written budget. So here's the thing what
what mental mental health professional? What kind of work do you do, and I do counseling like therapy depression, anxiety, stuff, like that? Okay, alright, and so what you do is
is there some parallels to what we do so you can use,
can be physician, he'll thyself, ok, ratio cut cause, here's the thing. You are an objective observer
over two someone's misbehavior right.
you, look at that and go hey you how to try. This goes way. You been doin it now working in other. She only and
bring me at your wife now working in others, zero activity sitting in a dark room, adding your dear depression. So you need
sunlight and vitamin d and activity she needed got an extra.
And being sunlight, helps with oppression. Am I wrong
Shall you shouldn't you shouldn't somebody because you're in
but there are sitting in the dark room. They don't see. It show what
wanna do here? Is I just want you to say? Ok if I hired you you're smart person. If I hired you
even though you're, not a financial professional, because the stuff or Dana withers, six great math. If I hired you to look at this and say you,
come in objectively and you look at this family they make.
In thirty hundred forty thousand dollars a year, they have three thousand dollars in a name if sixty thousand origin car debt and they have stood alone,
been hanging around along, they think they're, a pet. They feel stock. You could objectively
again from the outside, like you do every day and look at this, the wage georgian and looking right now go on these people need to tighten things up
They need to sell a car or two they're not going on vacation
can cause there broke cousin in it.
sick and tired of being sick and tired, you'll change your right process, and if he could you
Look at this objectively from the outside. I can see in a three men:
radio conversation with you. I can see forty.
Fifty thousand dollars a year here that you could throw at this end,
be out of debt in no time, but it's going to mean you're driving different cars, you're not going on vacation you're, not eating out, and it's not going to be.
suitable for a while until you
some new grooves in your brain, yeah
definitely already decided on completely cutting out vacations
we have a huge conversation, you know with family. I like her, you know even like big family crews,
thing sorry, we can't do it
you're gonna learn to say? No to a lot of interesting. I show you can say yes the way we say it is live like no one else, so that later you can live and give like no one else. So if I were
describing to you from the outside looking in the way, I'm asking you to do for yourself. I could look at these numbers
by these people have a really tough two and a half years.
Out of them.
that they have lost some life, the rest of their life here and it's worth it and it works because it is just math it just six great,
but it has to do with controlling my that that the anger,
little boy or little girl that lives inside of each of us and making
that little person who throws a fit on cereal, Alan once fruity pebbles. No. Now because look
he ran up. I want a new car had I deserved, I mean I have
I have a masters degree. I deserve a good car. Now you don't you
and brought you deserve freedom, not this life of stress and the math does give,
open the situation. We are making an eleven five beautiful story about your beautiful part about your story is Alyssa. You you have the income.
and the parallel would be if you were sitting with a patient. Who is a masters degree in something you do they have the intellect
To adjust their mental behaviors to adjust our mental health with behaviour shifts that you with directions you can give do they have the capacity
You didn't call me up, make it thirty thousand dollars with these numbers. Thank god. You call me up megan one hundred and thirty thousand. Are these numbers yeah.
so you can do this and the correlation is very simple. The deeper you cut
the more sacrificial and weird you are, and it's gonna feel very strange
for the first ninety days and then
get to be a normal rhythm, but the deeper you cut the fact
you're out by the way that work for all of you, the deeper you cut, the faster you're out, and I'm I'm up rip the bandaid off guy
the sharp pull it off one hair at a time thing:
thanks a lot of pain. That's why you liked amputated I'll. Just do the big stuff,
it's a stupid car located on online do with cars more tat. I got, allow stupid cars nail
but I didn't used, I mean it's a stupid car, it's a stupid house, you don't just
and you can get you some more stuff, what you can't get your life back
This is the rams issue.
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george mammograms. Your personality is my co host. Today, luke isn't tuscaloosa alabama where they are cry
this morning. I look well
to the rams. You shall not be maintained,
I'm not this morning, my and how they are no better than,
deserve. Oh my goodness tell me on how we can help today, also
unifying together all possible
not a house that all one falling set tomboy
one lane and all that kind of has a stop. Watch clicking on me and
don't want to get the whole winning process. If I have to do so, are you sure
get your opinion on that issue
girlfriend she's wanting you to propose your wanting to buy a house. There's a lot going on here.
And you are wondering, when is the time to buy a house year to pound. Are you, though, I'm twenty four? When will you get married ooh, probably in the next year and a half of shows.
You got any money currently have about fifty three federal rules
it but are inside account, I'm not upset with your hat.
You're twenty four years all gathered to grant us first. As that
stud man. How did you say, but I have a hundred thousand and debt uganda
so one of the parents and a
they have been an opportunity at incredible
stack up as much catches again and until this wedding and will cash flow it and then we'll talk
by the house, but I wouldn't do it before you guys are married now,
Well, she's gonna, wanna, different house, and you the one you picked out
Oh, that isn't one hundred percent for certain yeah, okay, yeah show an ideal. Is you guys? Polyp is
cash is you can and somewhere around a year after the wedding, your purchasing, that's ideal
the reason that ideal is it gives you enough time.
I'm being married folk to make a better decision together, because your man,
a better decision.
even married a year than you will. One will have to be married one week got an
because you will have learned to work together on other things as well, but during that year, at first your marriage is very interesting show on you know you just take that time get to know
her. She gets to know you and the way we always joke about it. Is we say it takes about a year to know how far away from your mother in law to buy that you know that's
that's about the measure so, but that it
some truth in that joke. That's why it's funny, but they yeah yeah, that that's that's what we look at an end.
but that means you're gonna, be like
six years. Oh what
Ok, we're me:
so major programme, a hundred thousand dollars which is ok, would make love. Does she have any debt
not that I am aware of chickens, hopefully well off family
now, don't mean a thing for all
It doesn't mean a thing but from what I've heard a little saw, it doesn't look like she does. Okay
just my delight as she did, but it sounds like you guys are both going to get married completely debt free with a pile of money in the bank, which is the best case scenario for you,
tom, but put a ring on this finger. He is an engagement, you need to know everything about her financial life and she needs know everything about yours. You are now one follow up question,
What do you suggest? I do, I'm financially
while I'm sitting in the bank and not doing any good, I mean that's doing me a lot of good you're sitting there, but I feel like I could use it.
elsewhere? You know finance or account
It reminded me of some sort,
I don't think I'd get fancy. You might do a high yield savings account which might pay you in this current world. What three or four
something like that. Instead of a half a percent of the bank, I wonder what the bank's bay in you but talk to them.
Bank about a high yield savings account if they don't have one shop around five point one of those pay in that year.
yeah I'm. I got one that's about five per cent right now, but you can easily find one that are in the four range yeah foreign five is, but I really don't I'm not going to try to get rich on this money. I just don't want to lose
shit and I wanted to. I wanna be wise with it, which is what you're asking I want to pay a half a percent or some silly sit in checking.
We have like a two year time horizon you'll want to go investing in the market and all of a sudden, your account dip twenty percent because of it,
year. Yeah you're not going to buy a house because of the amount of money. This account makes you're going to buy a house because of how wise you are putting money in
the chicago to savings rate for thats, where that's where this money is coming from,
johnson, rock hill, south carolina.
Hey John welcome to the ramsay, show hey
so much for me better than
a great men are going out our eyes
My question is: I am on baby step number two, just kind of start up, fallen, yell, stuff and super stoked about it. My wife and I
teachers and we are said to have some loans, forgive and not through the public service loan programme, because I have learned three all that that
not a good round again about our state
south carolina will forgive lies on for teaching in high areas of need. Wife had special ed teacher and I teach out of school
like low income students yeah right, where they probably have it so
I actually forgive it, they pay it. Yes, yes, to my mind, can be they will forgive the five thousand after
Five years of teaching five thousand dollars five years. Yes, earth, that's nothing! Okay! What's the other one, he said they will forgive seventeen thousand five hundred of my wife's afterthought. So that's five thousand dollars a year. Now,
it's not you have years. You said I'll eat. Neither one of these were screwing with y'all need to just get out of debt, just go ahead and get total. We have sixty or one thousand yeah, but twenty two five of that is you're waiting five years,
on twenty two thousand dollars. Now I want you to have a life.
Annual locked in some airline companies need to forgive like ten thousand every year and none of the
When you're doing do that, show that's why I was asked
You have worked, but now that's not that's not generous enough for me to be
wanting to stay in debt and also to
the golden handcuff. You mean
decided to change the direction of your teaching career and you dont want allow.
five thousand dollars a year about motivating you on that right observed, follow up without I'll beat at a point. I only have one year laughed until I
you, ve got five bout. While that makes a difference. Ok, yeah out I'll, take it
and if it's one year I thought we were starting ready to go to day.
What about your wife? What about your wife, along to the seventy, involve? Yes, sir? She has three years left
So that is a little more touching. Go, I'm I'm probably ok with both of them.
To change my horizon,
you guys, stay in those careers in those areas, heinous wasn't on the ten year. He will show take the five grand but her three.
I will be. The question is what
her on special, I d just a very difficult. She owed him very stranger supporters
is not where it needs to be, and we have a one year old and one on the way, so her ability to stay in the field where we're not really sure with that so yeah, I'm leaning towards vacation, we just pay it all. I'm with that. I'm well aren't here's the other thing you could do, and this is what I was
gonna recommended the closure. The call is: go ahead
and set a separate savings. Account up.
That amount of money in it to where are you
I have paid off it's in your debt,
snowball, but
holding the money and then the day
if she decides, I want to be with my babies instead of the strain of strain of this job or boomy pull the trigger right. Chicness done. Ah, okay, that's that's! That's very smart! Okay!
that takes a pressure off her to stay in the job,
asked when she should withdraw babies.
And then but your five is gonna, be here in twenty minutes coming right. You know you have the floor.
You want to set that aside too, until the five hits can but- and it just gives you an extra bump towards your baby step three emergency fund, then
Could you still got what forty grand left after even after both her would be forgiven me already much. Unfortunately, we both have mass
yours and teaching, and so yeah. What's your household income, households
com is teaching salaries, his wife
and then I work in the summer, so it's about one fifteen altogether good for you, okay, very cool!
Well, I mean you're you're gonna, be ok! You're me fine! It's just a matter of Canada
I think that we are
the squeeze makes the jewish right as and now that I,
so always if, even if there's a forgiveness programme, we go along with, we shut the money aside and savings which,
takes away the golden handcuff. That's the big thing you wanna do their job.
Good question man, good question you're. So, like your good tat, a good husband, proud of you, keep it up happy new year. This does the ramsay show
live from the headquarters of ramsey solutions which the ramsey show where we help people build wealth, the work that they love and create actual amazing relationship. George Campbell ramsey personality is my go home today: open phones at aaa eight to five five to two five. Thank you for joining us happy new year to you,
Dalton is whether she indianapolis to start this hour. I dalton welcome to the ramsey issue, hello, keep Breton sure. What's up,
So about a year ago was soon after I got my first job. I invite
into an are. You? Are you oh due to talking to my parents, financial by them?
since after having to kind your work, and I thought I'd be one
Were you guys talking about it? I kind of looked into it myself, I kind of decided. I would like to get out of this. However, the problem is
Is there not surrender charge? So I have about have invested
last november and had about like fifteen hundred dollars invested, but if I tried I can't transferred, isn't anything
finally, they I'd be left with one hundred dollars.
And the surrender charges and good away and the like another ten years, I've got to keep investing, so I'm not sure what to do about this. Well, it's
like you- ve lost eleven hundred dollars to me here and make note the scotch grew you putting you under this product
put you in a product that the only way you avoid surrender charges is ten years older. You one good lord
Sorry we file this one under stupid tax and we ve all paid our version of it, but I hate that you have to deal with this and lose at eleven hundred, but as the idea that I only other option is to continue to pay the money and lose even more
What do you think you're on the one hundred and fifty a month hoof? What do you make twenty two thousand year, my gosh? What do you do for a living dalton? I'm a diesel technician, okay! Well as painful as it is, and I'm hurting with you right now and I'm kinda
angry at this character for putting you in this thing and as painful as it is, I would stop now and let me just tell you that here's an interesting story- I was twenty two and a guy that was in the shirt in a fraternity that my wife had been the little sister to the fraternity came to our house with northwestern mutual sold me a whole life policy and I've got a.
nancy degree. I should know better and oddly enough dalton. That was a long time ago, but it was a hundred and fifty a month and when
I discovered like you have about a year in that I had to stop that I've been screwed, then I canceled it
and you know how much of my cache value. I got the zero I launched about this
about you're gonna lose, and I was twenty two years old.
but that does not mean that I would have thought that staying in it. What had just been worse,
yeah you gonna pay. Eighteen hundreds lives here just pay and ended up the bad news for northward
mutual in my cases that I've gotten to tell the story now for
forty years about how they screwed me
they lost on customers. They are you its costs them a lot more than the little bit of money they got out. I mean I've gotten almost as much satisfaction,
the money they got out of me, so it was worth it yeah, but you're not going to get that opportunity. I doubt as a diesel mechanic you might. You might tell some other diesel mechanics not to do business with this particular guy, but yeah. I'm sorry, Dalton
but the actual actual, proper crook correct thing to do is use
if you have a hole in your pocket, show up the whole. Don't keep put money in it yet Carla
yeah, but you know I swear. Mixture is another. Often do you know
who don't t be a of your mom and dad. I don't know any better. The financial adviser should know better.
But if a natural I value the shells universal life is not a financial advisor,
Financial value, the shells universal index is an insurance agent. There, not a financial adviser yet
caused her to learn. Could my parents also or invested in, and I found a way
at the mines, also another life insurance products. I think it is. You know
but he doesn't hear it. Doesnt really do investment. She just shells insurance here
It makes a lot of money on too, like he made
as much as you lost on the steel, the sure yeah, that's the thing:
I talk about this dave in my new book breaking free from broke. I have a whole chapter on investing traps and I took a lot of time on the permanent life ensure,
section because too many young people are falling for this
I didn't come round around backwards. Go you know the tick tock idiots have stopped
in a really hammer hammering the stuff or they call themselves dave tax, free wealth. Strategists, that's
they don't call themselves financial advisers anymore, cause it's it's cooler.
Self, a wealth strategists? Here's, the here's, the dumb, but part of that ok, tax, free, well, strategy, no limit!
how you get tax free money out of a permanent life insurance policy, number one you pay into it,
for years and years, nearly a hundred fifty babylon on this thing he's got no values,
cash value right now after you
or pay in an hundred bit just what we ve been doing it for years. They keep it all once get past that you find,
build up a little bit, I'm terrible packaging,
fish poor returns and you got to
thousand dollars in there. You keep your it for your hosting.
life and that would be a stupid life and you got fifty thousand bucks in there. You know you get your fifty thousand bucks out tax free, borroweth borrow, it will guess
if you go the bank and borrow ten thousand dollars its tax free
borrowed. Money, never is taxed its dumber in hell, but it's not sounds cool around my tax free in front of it. That's unbelievable, of course, its tax free, you idiot, not you! They are
few dolphin, but that they are her young dalton. But that that the guy I'm a tax free,
Well, strategies will course you are and what you get your maya
borrow your own stupid money on this policy and you pay them interest. Of course, its tax free.
borrowed money is never got taxes on it as don't don't pope
It was in their genius strategy, Davis, a gentler bunch of GMO aunt tax, free wealth, stresses the I have a hot take for every environmental flop to go down the bank and borrow fifteen thousand bucks as tax free. Here's. What I say I said permanent life insurance as a wealth building tool is a legal scam peddled by insurance agents posing as financial advisors. It gives them the
commissions and locks you into a lifetime of stupid decks.
alt and his exhibit a
Luckily he's holding out a bit patiently he'd be Dave data before,
was cool now. It's trendy on tik, tok swatch still makes me mad, my goodness the course the guy
the fraternity bro.
Makes it even work, how long he was in the business about
Twenty men are factory sold our policy. He was gone cassettes
percent of those agents, are out of the business in one year so much to eighty percent, while they must
who's there soul in the first three months ago and as our they dont lose your soul until they shall lawlor family infringe arrogant and then, when they try to sell it to individuals who are actually using their brain is to the relationship and make the sale. Then they find out,
they launched their. So that's what happens and they get
the business they run out of steam, but the
Isn't this set up to the industry shut up to milk year, your sphere,
influence, shall they put you in there's a greenie. They milk, your sphere of influence,
Natural when they tell you go after your friends and young people in college students to serve your natural market with tax free, well strategy,
shoot. Brilliant. Just shoot me this of the regulation,
George Campbell ramsay personality is my co. Today, dm is in atlanta, georgia idea and welcome. The rams show high hey. What's up,
my husband was laid off yesterday on new year's day yeah happy new year. Here he is, he was a direct
the operations, so he was right under the owner shore.
A luxury landscaping and hearts gaping company that works in back, had they were
good luck, commercial
then all kinds of stuff, though the business owner. Basically
as long as behind em as dissolving everything and we kind of have the opportunity to not purchase the business from hand but get the equipment purchase the equipment for him.
From him what he for, what he oh bonnet,
Then he will give us his client book freely and hate him then very openly
Once there so he's applies, and shop he's called
shop and there's a lot of money left to be made on the book scheduled and he's washing its hands of it from our. My question is like how
What's a lot of going out right now,
We have two to three months on the books and I think, there's about two hundred.
Fifty thousand dollars on the table give or take on the table being gross revenues, not counting expenses right corral. What will therefore were those jobs? Now you re idea
I don't know your husband's archery, I autonomous margins. Yes, yes,
what would a contrary to by all the equipment, so
one machine he owes thirty thousand or be another here of about. Thirty thousand was sixty
I have another machine brand new, it's worth thirty in it. He owes about thirty.
What are you going to Heaven money?
about thirty to forty, thirty, five to forty in cash, hidden away,
we have sixteen in the bank
and we still allow
one thousand on his truck his personal truck.
have to by all of the equipment of this deal to happen,
Would he give you the client book anyways about tell you what,
The two thirty over shake dish leave the thirty over thirty four him yeah. He he will give us the client, but no matter what he's very it very encouraging and will be very helpful.
Very sad about the situation now. By gave up he just gave out. Yes, he did. He just gave out
the losers, but if all this money lender
you know I from an out perspective. Honestly, I don't know, but they all DR porsche.
Have a big o. How about cabin? It just looks, he's he's selling it. How is bound bankruptcy? It's the it's! Just, not good, ok,
well? There's a lot going on here number one. Let me start with the last statement: if he files personal bankruptcy,
An tractor number one
at the he owes thirty thousand on it, and it's worth sixty thousand. He can't sell it to you I'll pay, her clan wife, he told my husband next week could take all the equipment that is owed on back to
The tractor company in and give it back to him and just say here you know I'm done depend
are there any thing if you buy from a tractor company? That's fine, but here's the thing anything that have
within ninety days of him filing bankruptcy? That was an asset?
and be undone by the bankruptcy court. Oh ok, it's called a preference parry
and you're not allowed to give one creditor preference over another show for those voluntary repossessions your husband.
exact equipment of their terms, it in that dealer is
going to turn around and sell it to your husband, the next day that sixty thousand dollar tractor for thirty thousand right and if your husband buys it for thirty thousand and it's worth sixty the bankruptcy court's gonna come in and say we could have got more than thirty for that tractor and given it to the creditors, okay and they're, going to take it away from you know. So
this guy. He doesn't if he is, if he, if he finds bankruptcy. Ninety days from now, you'd be safe, ok, but if he, if he files
groups you immediately, which sounds like this guy's, very emotional, emotional, impulsive and is
probably going to file soon because he's in freak out mode, yeah, yeah, yeah, probably now ouch
If we want what I'll do what I would do it do what he said to do and
see if you can talk the dealer index
bring it to you as you take the keys over there. Ok, but you need to turn it back into them and then, if that it's been repose
what the bankruptcy court would then have to do. I'm not a lawyer, but I deal with this crap all the time the bankruptcy court would have to come in. The trustee of the bankruptcy would have to commit.
and come to the dealer and say that repossession
you did you ve got to undo it.
They usually won't do that
if they would undo an individual transaction benefited. Your husband versus the creditor.
Ok you see what I'm saying here is our strategy. Okay, I I got caught.
Down in the week, therefore minute but yeah,
look a business, you sound like you are excited about. It is your husband yeah.
where you think you can take it and run it show in that case,
I would do is the first thing you need to do is do an autopsy anymore.
We do need to know what the crap went wrong. Why why this
a business is not worth hanging around for a what what is it?
what is this guy? Do you dont cocaine me? What's the deal, what happened now I gotta know
If it's the business model that broken you don't need to book a business
if a broken business model right. No, thank you, but yes I'll take them.
the business if I figure out what caused it. If the book a business is clean and I still got the deals with them:
guys and they can. I can still make that profit I'll step
that and go do it, and then I would
I won or may
be two of these pieces of equipment with cash. Ok, if you can get them
for thirty thousand and their worth sixty so that more cash them
have about where you have not only of thirty, you ve got forty and eight and sixteen right right, yeah,
What do you make while he
make about eighty thousand a year and we pay and I make we paid off all our debt good except the one truck accept the truck. Yes, I
quit my job working in the banking industry or christian missionary than you got. Sixteen, and you said you had forty other
Yes, forty one or somethin forty and cash, you already ok, so you got fifty six
you get one piece of equipment. You pay off the track and the rest,
you're starter emergency fund,
the projects with that?
rookie equipment ain't! Go roger s, ok yeah! He could greatly equipment.
rather cash while the rest of the equipment. You do not let that dealer talk you into financing that equipment. Ok, don't go back and dad it's not worth it.
You listen. If this debate this business works, it will cash flow enough to buy equipment for cash. I agree so just take
time by your equipment, take that which, which of the two thirty
thousand dollar worth sixties is the best deal in the best piece of equipment. Take that one. If the dealer I'll tell salad,
for thirty, when you take it over there eternity and on his former bushes behalf, if they,
long if they try to jack it up above the law
then no don't do it and do not buy it from your former ball.
buy it from the dealer after repo ok
the bankruptcy court come take it from you. Ok, it's like. By its like buying stolen goods from a fenced operation cannon.
Got even if you didn't know their stolen, your screwed when they place come now. What I want,
yeah, that's where you're going to end up the pitch called a preference period in bankruptcy. If you look it up, you'll see what I'm talking about, but yeah I would buy.
it's been thirty on this and I'd pay off my truck.
A low, but a cash. Let's get going, let's get you
resurrectos business transplant
got her head around it. Oh that's what was give me a lot of how I have hope for this down. This is a ramsey show
george gamble, ramsay personality is my host today open funds, a triple eight, eight to five five, two to five
brain. I is in San Antonio. I sabrina welcome other amply show how are you
better than I deserve. What's up
I hope we are unwilling to were almost we're. We have about two of them
then left on our car, and my husband he's trying to convince me that we should traded because we have
I guess that could even now, and so we have twelve thousand last, I carried bluebook our car
around twenty two thousand. He is thinking and we should have
red and a bigger vehicle, and so this out
You are the new vehicle would be twenty five thousand to about three
the boy and girl you want it.
Few european. I refused to go to a lot because I don't know
What you make of that decision, though we had about six months left projected until he paid off and he just increase.
treaty every year and they're pay it off regardless this year, this year, anthrax
as night. I don't wanna get european, how you guys.
February twenty nine twenty and leave durned stupid and ten years.
our opinion, an
I agree, but he just thinks he should agree to the biggest foreign workers, the yukon right now we have a duty acadia
then why are you? What are you need to upgrade here?
Returning all right, you know, the big reason would just be more room or we have four kids and and so there's really no trunk space, and so that
I know it fairly than you do know they have large suvs that are cheaper than one. I don't you yeah. Does she? Yes either
so far. The promise we or not on baby step to you are he's not
He's one disdained to data sounds like he's trading in one car payment for a slightly bigger car payment, yeah right to break view. As I told him, you know
and you know believe as it is, we catch flow and then we traded in and though you pay the different.
And he well? Why don't we just do that now and then pay it off
that way
it maybe to be done. Many vague
isabelle dinoire, unlike all bitches, while the dealers not going not gonna, give you twenty two for traded in now, that's true too, but the let's stay with a concept for a second, the concept,
There is a huge willing to be in his willing to convey.
You to borrow money, get what he wants when he wants it,
You had a fifth given the family, you didn't even know it, so I dont think the car is
issue. I think the car is revealing the issue that you all are not on the same page, and if I'm you that's, what's disturbing, because here's what you would really do, if you wanted a bigger car, you would on by an eighteen thousand dollar one instead of a twenty five thousand dollar one, and that would get you out of debt faster and you'd. Have a bigger car, correct, correct,
So I think we have discovered. I think the two of you need to have a discussion about the fact that the way you feel about
and the way you feel when he acts this irresponsibly and contrary
what you believe and how you on how you you thought we were. I shall like this honey. I thought we were
agreed that we were getting out of debt staying out of debt and now you're come.
in here and extending the time that were in depth about something that we obviously cannot afford. Why didn't you come in here and suggest we buy something. Eighteen thousand, then, is larger.
Because you're taking thousand suvs out their agreed a great deal
and what did you bring that again and then we had something to talk about cause. I get started at faster and we get a larger car, but instead
you're scaring the crap out of me that I'm gonna have to struggle with you there
of our lives on this money issue.
She's really scary for me, and you ought to bring that up to him. That way.
Dont, really you in our EU laughed, but you don't really want to be married to a little boy. You wanna be
our door, man, that's walking along beside you shared goals, and it's not cute that you're, the mommy. It's not funny.
When you try ask how old you guys are cause. I was a little bit thinking. You were a lot younger, honestly, like you're, twenty two or so
thing and he still had grown up. You know, but but maybe
twenty nine and and but no
I would not go along with this. I would not go to that
ship. I will not sign this. I don't believe in it. You're scaring the crap out of me, but the cars, not the problem. The problem is
You would bring this in here, knowing how that's gonna make me feel that you dishes
back me on that level. If I'm you, that's all I'm feeling a bit.
It was potential ramsey, pretension ramsay came in and suggested we borrowed money. Can you imagine how that would go know I mean I get paper view tickets to see out. That would be a heel billy.
Knock down, oh my gosh level that there are one of those fights right, but I mean obviously we ve had those five
long ago when our mary, we got pass them, but I want you got.
Really concern that you use this opportunity to get the two of you on the same page more than I'm concerned about the car transaction and may be bringing
wicked. By one for eighteen, why didn't you bring me? That is a good way to start talking about it, but most of all
If I were you, I would talk about how it makes you feel when he ah.
You know how much you scared that that
oh he's gonna mess up everything after you doesn't work so hard to get it cleaned up. It's just
at least he didn't come in a gall. Wanna borrow sixty thousand dollars and buy brand new something you know he didn't say that so he
I still think any silver linings don't think it was going to get a pay dolphins in a year. But but you know that means she's kind of like a two,
you know on a scale of one to ten or not. He didn't go to a hidden. Take it all away problem slightly worse, yeah yeah, but but but the big problem is: is that that's a slippery
I hope I mean once you stick your toe in that water. The vortex will suck you in, and you know it's just like a
hard to go on the lot of a car dealer and not leave without it.
It is dangerous, yet it cause they're fabulous cars.
There are sale, even if the or even of the salesman shocks the cars or farrabee. These looking at these new features
rumi's little kids on top of each other, I'm having to them. One benefit, though of Heaven,
top of each others. You can discipline them all at once. That's easier! Just ignorant! Aren't you can reach him all that might be a just. The parenting style
I do back, and I did. I grew up in the day when your mother would reach across the backseat in you could not
and away or you could not get away. There was no one,
gaping, there was no dodging tartu doing the yukon
and was was worse than it was within reach understand? Well, some have automatic said: do that no automatic moms they just is
I am kidding. That's a feature moms would pay, for. I would pay for it as as a grandparent but yeah there you go just zap.
the seat. If you're misbehaving totals zip, zip, zip, there you go
they are. The key here is either sell the car private.
And your jude have ten k left after that made save up and pay for a car with cash or wait pay it off than they can sell it.
great, with cash. Either way. Where are we really want to reduce the debt? She said she owes twelve, it's worth it.
At and if you shoulda for twenty two and you bought something for
eighteen. You would only o eight in any
that off in less than a year yet, but but that does not really the strategy,
The reason for bringing that I wish to point out that he didn't bother to go that direction.
It was going to die gone that direction. I actually may be gone with him. He also ensure you,
we'll move up in car and down in debt to plump and size
but not in value the
the move down in value. We went down in debt but up in size yeah. For that some people call up and say: you know what,
twelve thousand dollars on our cars worthwhile thousand dollars,
ten thousand dollars or whatever you know, but it's a united. We have, as you know,
tiny little hand or something- and we ve got like two kids on the way,
do what we can do it well, you can move towards twelve thousand dollar van break, even scenario.
But don't go further and deaf people use all these events to justify further into it. So easy to justify going into debt, especially cars, will aim is for the safety and reliability. Now it is for you it's for you. It's for you little boy, little girl,
I want my truck. That's how, in my laptop I sound. I want my tongue here, my truck
So more sounds like that. I want I want my talk. Might work
days grandkid right there. This is the wrong decision,
the
evokes dave ramsey here. Do you feel like you're, stuck living paycheck to paycheck and can't make any progress with your money? Listen. You do not have to live that way. On january, eleventh, my team and I are hosting a free live stream where we'll break down exactly what's keeping you stuck and how to break out of the cycle for good, it's time to decide, you're ready to make a change, go to ramsey solutions, dot, com, slash, break the,
I go to register for free
George gamble, ramsay personality is my co host. Today, lots of things
happening here at the first of the ear you know when you get stuck in a rut, it's kind of like being stuck in an orbit. The gravitational pull of stupid is amazing.
powerful it will hold you in that orbit. Is that an einstein quote? I just made
learning, Ramsay theorem ramsay through
stupid, gravitational pull, but not yet been signed,
an orbit on something. You know it's your habit. Is you got a dumb habit? He had a habit of not
inattention, your money as an example, and
and then so. When we're doing this thing on this huge, it's already over. Two hundred thousand people registered wow live stream on the eleventh of january, it's completely free, ah, and
you gotta go to ramsay solutions, not calm and register for its called breaking the cycle. What we're
These were breaking out of the orbit of stupid. You gonna break the cycle, and sometimes it feels like. Oh it's a family cycles.
People in up in my world in the course generation hauled generational curse right. It's not a generational kirsch once you're twenty six, a shift. Your being here.
It's in our dna to be broke to address not in your dna to be broke. It's in your eye, behaviour that cause a newbie broke and you ve got
I find it bob limited on your family. Now you can't do that anymore. You gonna break the cycle, get break the cycle,
the way you break the cycle is
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publish ramsay solutions, not gobs life break the cycle,
january, the eleventh and man we'd love to have
view it with us
samuel isn't madison wisconsin hi. I samuel welcome the ramsay show how you doin
better than I deserve. What's up item I deserve, it
The question my a family, my parents are in a financial ruin and I want to or I want to help them out, and so I just I need some help. I guess old. Are you eighteen? What are you
ah thirty, seven year, what's the you
with your mom and dad
Well, my dad has been jobless for since we from madison
on four years ago, but their plan was to our first?
more take us out on a camper and travel united states and stuff, but my mom got stage for cancer, so he's been taken care of her for four years and its she's
like hospice and this stuff, so on the only woman is currently working and I'm trying to help them as much as I can and on I'm debate,
a second job on the main reason them calling you
show your thirty seven five is supporting and he's takin care your mama trees on hospital. You had better
in a second jobs, on how the report like a hundred dollars a week, because I got a point. I got money saved and savings and stuff like that, but I'm not paying bills and is paying for gas
sabella the fallen bills like you, after
I'm worried about myself. Yes, but I'm still pay mirror order your head.
paying for what their wives
the phone bill, I'm some of the propane.
How are they alarming if your dad's, not ah my dad,
His roth IRA, I have fifty years old. How much is in the wrong I that he did not disclose its ban. What's the plan one once the rough money runs out
God only knows I mean I mean
I'm setting up by have about fifteen hundred dollars and investments, and I just
and up a laugh. I re because my company that I work for the good ship- it's my fault, I'm k from twenty one
what what? What? What hours do you work now? Ah, third chef, so I work a seventy seven,
I have an appeal to seven. I ve asked
but the uncertainty I ended and cutting now is incorrect cannot be brutal for just a second,
cause you're an awful lot of georgian honey, I'm on my heart ache and for you yeah. How long is adoption your mom's got, for they just told their bad. She begged they can do no more like she's untreatable,
the tumor, the size of a basketball and an auspicious saying she's got along
Now she design a bunch of ah she's gonna morphine and that's other
I guess a matter as a matter of days and maybe a couple of weeks am I wrong.
No, I mean they gave her a month to live that was four years ago and by the grace of god, he's kept her alive so um. Where does I mean we're living
and prayers right now, but I want to help them as much of my
Urim, I'm not trying to be I'm not trying to be mean, I'm not trying to break your hopes. Your prayers are not I'm not messing up your miracle, okay,
I am all in for that stuff, but if that, if the miracle doesn't com,
It doesn't sound like she's in very good shape to me now. She's got
major edina bell, she can.
We walk she swollen and life.
The remaining I'm calling. You now have anyone revolution ultra yeah, but I don't really talk to them because they do other things.
No other families helping.
All my grandparents are. My grandparents had taken care of.
mom, while my dad is doing like side side stuff, just gettin acts like he's jobless, but he's got a fine.
Saw hire them for like a seasonal work so, but that just got dawn.
oh all, that money went towards paying off the camp of the truck, but now he has now
and tell you take backers
He opened up his right eye, Aragon, your your dad is able to work. Then, when your grandparents are there
and if you're able. I would prefer you to spend some of your day taking care your moment, your dad to be working and your dad and society dad needs to show camper that such
That is the main theme that I want to get too. Is that he's still living on the dream of?
my mom and all of us and travel in the country.
I didn't hold anything back and you don't even count you don't even talk to your brothers or sisters, you're, not traveling the country with him lol yeah.
Mom'S- not leave them with harsh bush camper. He needs to grieve. This dream
Before with reality, somebody's gonna help you down on you workin
war is not the answer. I think your dad has got to make some changes. If you
help him to make those changes not about how you do that at eighteen years, old garden,
holy pray for I don't.
Thank you working and throwing another three dollars a week. Ambitious fiction
if the dad's going to make some moves, and I'm so sorry you're facing this one, what a horrible thing to have to go through when you're a teen
This is the rams measure
the fly from the headquarters of ramsey solutions. Just the ramsey show where we go. People build oil work that they love and create actual amazing are like the george campbell ramsey personality is my co host today, as we answer your questions about your life and your money, open phones or triple eight eight to five five to two five ray starts off this hour in
we're almost city. I re welcome the rams issue narrative.
watch some. Your mail and stuff on autonomy
you two things and I put my
self. In two,
I'm,
some major issues?
about three years ago I asked when I have actually
to leave my job
took me about a year and a half to even yet social security.
Ability going on
am retired, I am retired military,
I'm dying military disability also, but
to morrow from some mary, I
first. One later is in order,
to survive.
for the longest time, and now I can't get out of the cycle, because I can't yet
consolidation alone to pay off all of them.
and a worry figure. My cash flow.
What is your military disability income.
I'm
Let's see.
I'm going to
Harry retirement. I bring it home about nineteen hundred a month.
Social security- I bring home about twenty four hundred.
Disability
thirty nine. Ok on top of that,
so you're gonna make you got. I made you got two hundred dollars a month coming in korea
the problem is, with our amen,
and all my loans
and ran and build everything I'm showing out about eighty eight? How old are you I'm sixty? What's the nature of your disability
That means that back ptsd and the pity, if these were what caused the last job,
now the the are back at what cost. Last job. Ok, okay,.
Because I used, I physically cannot work anymore. I can't sit
pretty long period time I can't
lay down for any long periods of time. I can't stand for any long periods of time. I'm you know I just my back
they the shot. I have
so drama in my back on my knees,
and the military is basically be me,
Unemployable sure, because of physical,
restraints I'm not supposed to pick up more than ten to fifteen pounds over time
are you? Are you married yeah? What did she make?
she should a
consulting business for a company
but she doesn't really make anything everything she makes. She puts it back into the right now.
And she really does make all workers should just got started with the company, then suddenly to the deal. Oh
I'm pretty much every cover everything,
and I'm glad ensures that new year's I'm sorry for the mission, and I thank you for your service in one incredible brush you paid
there. I ve spent the last two years,
trying to rebuild my credit. Will you don't need credit credit, your problem? What what how much debt do? You have.
All together car-
credit cards and
interest loud and how much the you coming, your own credit cards
I'm probably about eight forty one, your cars,
But one car that I owe on
got about twenty two on it and what? What is the other day,
The day I interest once again: how much are those here,
were to pay them out completely
I'm more looking at about twenty five k: okay, alright, but you have one hundred k coming in, and so I think the challenge
Is that the two of you need to do two things. One is you need to sit down together and get on a detailed written budget? We're gonna put you into financial patient of earth,
and into every dollar the world's best budgeting app and I'm going to pay for it. As my gift to you to say, thank you for your service, okay, okay and but you make hundred thousand dollars a year. Man, yep, okay, you can't
work because of your physical condition. So you have zero need for a twenty two thousand on car out that slight scar. Now it's gone. She and making money were shown it we're getting a cheap
Or what do you do? What you got and two thousand and fifteen versa- note that's paid off. Okay, we need to get her something that's paid off, cause y'all, are broke and you're out
control and you're gonna have to do some radical things to get in control, and
two of you sitting down together, she needs to get a job.
It pays money and then the two
you can make the hundred thousand you got coming in and the money that she actually makes and get rid of a car payment.
and then you can clear this up in
than a year.
have anything here: the shot doable, but you ve. Just
I all this stuff. It happened to you and the trauma
of this whole situation. It is cause you got to get paralyzed and you're just
not dealing with it, but you ve got the math to deal with it. The math is there.
Four thousand dinars four thousand dollars a month in your debt for you in a year. If you keep her car now I know, but that's the problem is idle.
You know you got a common view that if I do that, then do I
where do I stop paying on stuff and just snowball? It now we're we're we're gonna pay off one at a time or it will pay off one of these high interest loans. How many different loans are there.
Why
I don't know off the top of my head. There's a lot:
but there's a little less worrying and them out smallish the largest and take out four thousand
dollars a month ago, four thousand years of next month, that's eight thousand dollars of the twenty five right, but that's the problem.
I mean you have eighty eight hundred dollars, but that's one day so do I take
Or do I just stop it? I'm a man a month and you attack these, but you you're. You can do this
You can do this. I think cell in the cars gonna help out, freeing up that payment will give you a little bit at margin to start this process. Yeah and you ve got to do
written game plan for your money
I donate eight hundred dollars at the top of the page or eighty two hundred dollars at the top of the page, and then you work down into this. You should have. There should be margin in this. It should not all be gone there. Those interest rates, there's not enough, not enough that he caused that hang on we're. Gonna get you signed up for everything. Is our gift
no secret. We love a good deal here, Ramsay, which is why I don't want you to miss this one right now,
You pray order. My new book breaking free from broke. You get a hundred dollars worth of bonus items for free, I'm talkin a book online.
in q and a and enhanced audio book, all completely free and all chock full of what you need to know about credit card schemes to investing traps. The mortgage, myths to building wealth, all the researches there the offer ends january fifteenth. So do not wait. Go to ramsey solutions, dot, com, slash store, that's ramsey solutions, dot, com, slash store!
george camel ramsay personality is my co host today. Thank you for joining us america. Open phones, aaa eight to five.
five, two to five,
The ramsay show question today is brought to you by neighbourly your hub for home services. There are a lot of things you need to remember when the weather gets cold,
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neighbourly, not gums lies ramsay, great company neighbourly dot com, slice ramsay. Today's question:
comes from Lauren in new Hampshire, she asks do your parents.
That's pass on to you after they die things like credit cards or failed business debt. The age old question
So the question is: is any of this debt in your name? It sounds like no
So let's assume that then there's no debt in the child's name parent.
Ass is away. They have credit card debt, failed business debt
understanding is that this would come from their state before anything gets paid out in the form of inheritance, if your dad
I lived in an apartment and owns nothing in his twenty thousand dollars in credit card debt in his name. It does not pass to you the credit card company
will simply not get paid. He by a died, a pauper with their own money does not pass to you now.
If he owns a house, that's worth one.
thousand dollars in years, twenty thousand origin credit card that any dies, the credit card company will,
paid out of the value of the house. Before you get a distribution show the house is sold hundred thousand.
Alors twenty thousand goes a credit card company, you're gonna get eighty if you're the only air
that would be the way work show your right. The estate would stand good for the debts,
when you die. What
stands good for what you owe debt does not pass generationally in the united states.
but it does come out of you. What would have been your inheritance if there is an inheritance now? Have you seen? Creditors try
after the family for debts
oh you're, the windy, unethically and illegally yeah and people get scared and ok we'll die it now that they have some more these debt buyers boss.
duff opinions on the dollar know bob you know,
a brazilian dollars worth of debt, and then they just start colony whereby in sight- and they call you up and go at your debt, your dad, you owe this creature.
add and to shift like an intimidate? You independent? You know
add diet and try to get you to pay it for your dad, you know, and
You owe this was maria per on your credit
now threaten you in line
Some of them are really really unscrupulous. There was a real movement by the federal trade commission a few years ago to shut a bunch of that down and there's you know another batch of things. They find the
that is a less say. Some one file bankruptcy and the debt was discharged and bankruptcy court. For you don't know it any more legally. At all of clear, though still trying to collect
this intimidate? You swear, I'm of it. I didn't. I didn't hear bankruptcy didn't player their show more per on your.
Margo show you in regard to your wages, and they start Yelena
on the phone and pay been people that are you know. I don't know that that does not mean a nasty like me, though
they'll cave and give them a bunch of money
It happens all the time, but but it's not it's
an illegal unethical practice, so don't fall for it, don't fall for it. But the point is not. You know
Lauren, you don't owe money of your mom and dad die with a bunch of that. You don't
their debt, but it well
I'm out of the sale of their assets before you get an inheritance. That's the thing to remember raw
he is in Austin texas, I Robbie. How are you
Are you don't know better than I deserve what's up, so I have no doubt on my name
There were some dead I carried out last year.
Only thing we have is a mortgage which currently that three hundred fifty thousand dollars I have a stable
I I ordered one and fifty thousand dollars from a job. I have a wife and two son,
I have to warn about mars in theory the gown. I cannot figure out if I should invest in a real staid and create a bath of income or other better options that I should go for.
I don't feel like my answer, but if you filter this through the ramsay baby steps which people off
to become baby steps millionaires you would be. I will we call baby steps for five and six so invest. Fifteen percent of your income or saving for the kids
knowledge and any extra money we're gonna, throw at the mortgage principle. So we have
on that. One of the keys to building wealth long term is to get a paid for out of the mix and it's not the war, the keys
building, where long term is not keep two hundred
and if it is out more markets. While I go do real estate that I learned on Tik tok garter, that didn't
that never comes up when we interview millionaires. What always comes up here,
we dont money and are for a one guy
with irish and paid off her house and I've got
thousand buxom afore owen K and the houses were six
a thousand dollars and paid for and on fifty three years old
typical millionaire and so on,
more than six hundred is one point: four million dollar net worth right. That's that's! A typical millionaire show
always going to lead you first to be dead, free which,
I've done congratulations, great job!
and to have an emergency fund baby step three of three to six months of expenses and then exactly what george told you
Four five and six is fifteen percent of your income, which is
out of your hundred fifty income going into retirement, say starting
college find you can do that you're, one fifty as well, which leave
the two hundred, I'm assuming of other money other than just the two hundred and I'm going to,
of my home as fast as I possibly can then, and with you. I think it
Your situation is paid for home in two or three years, and then you can invest
even more and you can buy a lot of the rope, really countermeasures out retirement. Incredible man right
what I did when I when I follow that a thousand years ago I am
deal blown away to this day and I know the math. I know compound interest. I know what it looks like, but I'm I took
house payment and rounded up five hundred bucks when I paid off the house.
and I put that amount of money into a separate mutual fun and how fast that way,
mutual fund. Was a million dollars blows me away to this day? I look back and I go that stink, and that was a breakthrough. You know, and so that's why I know the math works as I actually lived it and walked in
the key was and you leverage dead. The key was you your savings rate. Your income was freed up cause you didn't have any payments, I didn't pay off the house and then spend the house payment. I paid off the house. Payment then took the house parent plus some and invested that
plush invested more, but that one account
does not have an aspirin. How fast that one account, because
may in dollars, and mutual funds with blue mamma s. Amazing, it just amazing a little gold, a half we take like three thousand bucks a month is thirty six hours, you're goin out how combat that blood
up, I mean you're talking about five six seven years, it just blows up it's crazy, so yeah, but we don't think about investing three four thousand per month,
we I think about lord trying to do seventeen things at once, more as you earlier problem, exactly a man doesn't
an extra amanda welcomed the round asia highgate. Thank you!
make sure what's up and so on for large type. I think you have her every
you do so important. I remember listening to your show when I was twelve years.
On the radio at sundown.
We fight. So I wasn't really talk much about finances growing up. I kind of had to teach myself worked at the bank for years, since I was eighteen until
I'm married young maid for six years or on the same page. Like hey, I answered your billing.
point number realizing Anna second manage again so on. We got ourselves into
little bit of debt, I'm feeling overwhelmed. I feel like I'm kinda in over my head with it and just wondering where to start and we've got it out,
Thirty thousand, now
otto lounge. I seven thousand are more like ten thousand credit card that, but I say
how the house will try and save up for one trying to get a savings. I just don't know where to start how much in savings we've got about five hundred right now, who
and how much is your household income? Ah, it is
in seventy five and ninety five a year now, so we're in a good place to start doing that only our egos twenty five are. You sure that I am sure yeah
okay alright. So if we're going to focus on one thing at a time and fills through the through the baby steps, your next step would be baby step. One thousand dollars in the starter emergency fund you'll have that next paycheck right. Okay, yes, then baby step, two
we're going to focus on consumer debt, so not saving anything. We're just focused on paying off. All of our consumer debt that forty k using the debt snowball small,
the largest balance, regardless of interest rate, once we knock that out,
You guys will do probably the next year. You will focus on a full emergency fund of three to six months of expenses. So those your next steps,
plus or minus on the car. Thirty thousand
Cars were really high and the situation you may keep it, but it's gonna caution extra year.
Getting out of their you'll leave brought this thing. If you get rid of that car you'll move even faster. If you move down in car you really about too much car,
it's not the end of the world, but its close. It's right on the level something up,
hang on a motion recovery, the book the total money make over to get you started, reed
started after your twelve year old listening,
the rams ratio.
hey guys, rachel crews here now most of us know what we should do with our money, but actually doing it. Well, that's a whole,
front story. That's why
important to create good money habits on january eleven, our team here ramsay solutions is hosting a free life stream, where we can,
look at the habits you need in your life. If you want to be successful with money, go to ramsey solutions, dot, com, slash break the cycle to register for free,
ramsey solutions, dot, com, slash, break the cycle, don't miss it!
george Campbell ramsay personality is Michael vote today in the lobby of ramsay solutions on the deck,
restage david and
An are worthless, hey, guys, happy new year, happy new year. You good to have you guys were do you live live at the old problem to saunter. Rezoning very fine will welcome to nourish rail think he's going to be here and how much debt of you guys paid off. We pay
Eighty, seven thousand three hundred and sixty eight dollars very good. How longer that take two years.
In five months, very good and your range of income during that time is between ninety one and ninety five thousand, not erika what I'll do for a living
early freelance in communications, a pr field
and I'm a public school teacher dahlberg will grow to take. If it's great,
Fifth grain awesome great. It's a lot of fun. They
and the good sense of humour they're not quite are not a middle sure. You're lost their minds completely good, for you welcome very, very good. What kind of debt was the eighty seven thousand
Arrests were borgias, dave, pre, rehabilitation house, I like it. What does this prayed for housework? Conservative
about two hundred. Fifty very good.
much do you guys have in your nest, egg in your retirement, I think, between our investments and assets itself, where right, her hovered around half a million all right way to go. Congratulations are halfway to the baby.
Millionaires way go language that ok, what
on two years and three months ago, that put you on this debt free journey. Well,
barely more than three years ago, my wife came to me and said: I think I want to
the house pay off before our sun graduation school. Oh, I like it
and so we had about a six year time frame, and so I looked at the number
and I saw that our mortgage seamen, where was it, is ok to my by six years, and I think we can do that. Then I dug into
where's laborious it, and I think we can do in five years and there we started work on. We had just finished baby step to where work on truth
for five and we started doing all that. As we did it and we started to accelerate the process, we started see. This numbers will come down
but we got through, maybe five, which was we.
promise have a certain set number aside for data
college, sweet with
through that really really Clinton's. When went down looked as you know, I think you do this three more years
been twelve months. We garlic sixty thousand dollars done, and
Is it? Ok, listen attack it, so he started attack
and then the we're on paste have paid off in march of this year and then came out July,
wife came to me, and so we have some money in the next car fund. We retain for abuse a three b and
hold me how much is left in the borg innocent just under fifteen to us. I must we have the neckscarf when we could use
about fifty miles, was paid off now, so appeared often July
so you don't have any of the rest of the year then build up that fund back up
really a kind of today- are actually on baby sub seven. Officially you're there is buying a car, long young if we had a car that we really enjoyed, but I knew that we wouldn't
be able to take out alone again,
the next car than we do about what thirty forty thousand miles a year or a heavy drivers, not not david, though
thank goodness you're on about a car or yeah. I said: oh, I knew that we'd have to have something set aside for the for the next car, so that that was great. We railed,
that out and we pay
by now have refilled that vertical keep working. I love it,
little by little very cool. It just a crazy that the people listening on the podcast radio, don't know what we're laughing about. So David is sight impaired right. Yes, okay,
how much like the? U have david- I am- I am legally blind. Not not totally- will have something
I have kind of an idea where you guys are that kind of stuff now, but definitely not driving, that kind of thing yeah the lawns working on it. We saw we saw the white cane thing going and we knew something was going on and we knew where the joke meant, but the rest of the people looking into their microphones and speakers didn't know the newer laughing and saying ok, cool show daniel is with you and he's grabbing
waited now are getting ready to graduate. He is site using the software years, resolve more to beat the you beat the graduation big time yeah. So, yes, we've got a couple of years of investing
work on and get some things go into. There will be raised like he's. Gonna get a sweet, graduation gift he's gonna hit. It would do well he's such a smart kid. I was really worried that we'd have to really spend a lot to get him some
good, if not, if not scholarships, but
We knew that was a very important paying off the house and
giving him this legacy, and I start am he's been through the process
step of the way. There is no way he's. Gonna have a car payment, he saw mom and dad sacrifice and worked so hard to get to where they are today. No actually not he's been
if you the process in the especially has been produced,
lately as far as britain
basis of our budget meetings, we knows we talk about. Things will hold the cannibals
I'm will come we'll, go through a stored, mom s on the budget or is
in the budget that adds fun. Here we go what an annoying but beautiful mom. You really don't need to be buying that accountability too. Well, he's almost always worse than me. So if I, if I recant this story correctly
recount. You got
we're working the baby steps exactly an you got two four five and six but
four five and six, you just realized. You could turn up the heat a little bit and is sick
here's turned in less than three year was funny was let the spring the pandemics was twenty twenty and I
applying for disability in getting rejected. I was going to location or re, have to get my new skills and techniques and such like an able to get back to work and do the things I wanted to do, and that is by the time you got a big windfall we had do. We have the coverage,
willis checks. I got disability approves I about a back payments coming in. At the same time, attack
Refunds come indians. We had a big black money at the offspring
twenty wheels finished the car we pay. We had
yes: now we paid off the last that sped through baby. We got through babysit
We be mostly be with her three and then we got to five where we had his car was found already set up. We hadn't really put any real money into it. Lately
We committed ourselves to say: let's start this up until we use a lot of that money to kind of speed us through the process. So what so that we got to babysit five and six were going to do those simultaneously at the initial plant, but because we got so much x,
money through her working in her school being equality school. She gets bonuses and things like that for the things they do at their school and
We had a speeding through the decisive doing twenty outdoors and like a year and a half. It took six months now through a really fast, and so that's why not home
heidi will would, from six years defied afforded out two and a half we got dance.
What normally happens when you actually put us down on paper once
dark living it and you start winning. You do end up turning up the heat right and die,
darling, darling, darling, darling, it's a natural process! People Jim
I really get out of debt a lot faster than they initially think they're going to eat. There is times that it came. It became like luba of a game. Sometimes I would come up to the last week of last week.
we have to rethink mammal women a grocer budget? What can we gotta do sixty bucks as we could she like this, do the skull when we do in fifty five boxers and enjoyed the all proud? And
yeah we do these kind of things. We'd have these little games that kind of make herself a girl pushed through and we approach a fight.
Just a media. We started during the budget. Six seven
years ago, and we just kind of found our space, and so we ve got to figure out
to do this and do it right and we went to find money down and hops upper wherein no we're, not
really changes the if it was messy messy mess in the beginning
Mr president, as you know, it cleans up and dances the debts
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calm mary is with a she's in sea addle a merry welcome.
Rams show. Thank you happy.
Happy new year. How can we help ok
So I was an idiot. I was in love with a man that convinced me to co sign on a twin.
nineteen jeddah in the pile of twenty twenty one
I'm not in that relationship anymore, but anyway,
last summer. I convinced him to turn the vehicle back into the dealer.
Leave voluntarily. We possess it, he could not pay the,
women on time, and I was also helping him and he was made.
Or the knee.
but anyway, so
looks like volkswagen hasn't said, hasn't, saw them
you could get at auction, but when it sold, of course we need.
and him are going to be on the hook.
Whatever's left on alone. So I want to know. If there's anything I can do he he does have a settlement
hardly that he got no accident and wasn't his fault and he's going to get a company.
It is true that I was also a coastline or I'm harley cause. I was stupid, but that like has been
paid off he's just waiting for the settlement. I'm wondering, can I
put a lien on a settlement, or what can I do? I I have text messages from him saying that he will pay off
but I dont trust that that's going to happen sounds like that's correct assessment to me.
Where was that euro mary, I'm so sorry what a horrible mass
one way to learn a horrible lesson to it here:
Now? How old are you
sixty and he was forty three, so a little bit of others share complex goin on or something
the sheer complex your girl out,
your gray okay. So how are you know how much money do you have
how much money do I had her? Why might be
step, one I'm just
I don't have any money,
I don't have any money. I have three thousand
in credit card then that I have bought. You look
What do you make sixty
one thousand a year. What was over
Gotta. Do you know twenty
thousand and change alright. Ah, let us make up some numbers for a second just to give you an example:
Let's pretend that that jabba when he turned it, was worth twenty.
The report lot, let's pretend that it sells for twelve. Ok, it might get fifteen for it.
but in our weakest could say nine anyway shall let lunch
there's a fifteen thousand dollar deficit. When you're done,
and they come to you as the co sign and they want
thousand dollars. Well, the first thing you tell
is what you told me. I have no money. Do I I really money resolve marvin credit card that, and I have
ro cash saved and I don't have any money us of our eu down, which is also by the way the truth
and you can tell me where he is and where his harley account is
and that he is getting a settlement and that they should get the money from him and help them get it from him. That's the best thing you can do
If that doesn't work, and you and I are both suspect- it won't right.
then the good news is, you can usually settle a repossession deficit.
For somewhere around ten to twenty cents on the dollar in self its fifth,
thousand over fifteen hundred to three thousand dollars or settle it. Oh yeah! Ok! So if you get to that
That means you're going to a have got not a dad. You're gonna have built.
from a low but of an emergency fund of five or ten thousand dollars or something before they get around
bothering you with this and they.
They call him you you say: ok go after him
they say where we tried and say well ya, to try again, because I got no money.
and then I come back at you again. Then you say hey,
just want to settle my part, I don't want to settle. His part, show you
still go after him for more. If you want, but I'll give you. Fifteen hundred, for my part,
and start lie with them, and you have to job back and forth with weathermen argue with them some, but you probably will get it for fifteen hundred or
two thousand three thousand dollars and then let him leave his part
you're not settle the whole debt. Now I want the portion
but but I made in writing from you that the poor
My name is settled in full.
that I owe nothing that I owe nothing else and you go.
I am for whatever you want, why perfect, ok,
a lot better than I thought
you're you're, embarrassing me! It's not gonna kill you here, but you do after going
the rest. Your money straightened up.
Yeah and then he will. You just have a three thousand on credit card that is or anything else
I own a house with my ex husband and we both pay half of the mortgage on it and its problem,
worth about eight hundred thousand here. In seattle, but we owe like one: seventy who lives in it, I'm myself my two sons and
There's a mother in law apartment, so the ex there too. But we're not
together, and we just here
we get along. It works for us, and that was my choice.
go on. We divorced so well.
Are all then you ve got that asset, you dont want them attaching that assets, so you do want to settle this
So you know me to get the rest of your stuff under control, so yellow cash built up war chest before the war. Comes it s now perfect
Where? Were you really talking to and a twenty four year old dead, something like this, but you can still give
anybody that's dating from one the same warning. Never co signed for someone that never buy.
Anything on debt in any way or even co,
something with someone you're not married to would you would you testify to that? Miss Mary?
I am. I will preaching to the to the mountains.
I will never do that and it doesn't matter how good?
what can you look? In years?
you know how much of a shared complex you wanna have it's not worth it
the great testimony. That's very good! You don't you did a good job. Mary were proud of you you'll be ok. If you need more help we're here to help you ok. Thank you. So much. Absolutely
you like for colonies. What's your old quote, Dave testimony is a wonderful thing to have getting or getting an angel.
But yeah. That's what marriages experience with her share complex, that's funny,
great?
fun way, but rather the whole co signing thing. Male dangerous stuff, obviously airs proof dangerous,
that puts a sour, the ramsay show in the books we'll be back with you before you know it in the main dom remember there is ultimately only one way to financial base and that's too bad daily.
The prince of these crises
Dr John Delaney here
until an emotional health challenges broken relationships, it's all just part of life, but they don't have to define you.
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Transcript generated on 2024-01-04.