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? Not only do I d thieves commit crimes related to financial fraud, but now we have to deal with home, tidal fraud. Thieves are using your personal information to take ownership of your own, so they can take out loans, and you end up with a pile of dead and foreclosure notices. That's wise vander insurances. The only programme I have ever recommended their plan covers all types of id theft, including home title fraud. They also cover your children for free on their family plan, visit, zander dot com or call eight hundred three five, six, forty to eighty two, it's just the smarter way to protect yourself. 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.

evokes january is when a lot of folks re commit to doing things the right way like sticking to a budget and with interest rates and prices the way they are now. It may seem impossible to buy home on a budget, but churchill mortgage can help. We ve trusted churchill mortgage for thirty years, they'll help you stick to your budget in the new, here with a mortgage. The keeps your homo blushing, not a burden, go to church your mortgage, dot com to learn more? That's churchill: mortgage dot com! This is a paid advertisement in mls id one: five, nine one in mls, consumer access, dot, org, equal housing, lender seventeen, forty nine mallory lane suite one hundred brentwood tennessee, three, seven zero, two seven 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 new emotions, and new knowledge, and new ways of viewing things, a new paradigm and all of that comes from intersecting with someone can slingshot shot you out of that orbit, break the cycle and that's what we're going do is completely free livestock, on january the eleventh, and we do now

wants you to miss it. It's its side at seven, p, m central time eight a clock. Eastern time make sure you sign out, because even if you can't make that exact time will send you a link to watch, and we're doing a special give away with this day, this is cool. We haven't done this before ten thousand dollar. One thousand dollars to ten different viewers. Not signing up won't get you in the real viewing in we'll get you that is where giving away during the live to viewers. Ok, but indifferent viewers are going a thousand dollars to jump start their new year. We're gonna. Now. Winners live that night, as were broadcasting, so that's pretty cool must be present when a like that even digitally registered a man at ramsay solutions, dotcom, slash, break the cycle, the whole thing's free doktor, John bologna, rachel crews, george camel J.

we shall navigating money, anxiety, bad money, habits to keep you stuck practical money tips and actually work. We're gonna help you break free of the orbit of soup That's what we're really good at around here we are, we are good at. It were problem we the best in the world at it, and it's one regions, this podcast showed up on apple, though the day of the number one pot cash in the world. How is incredible and of all the pod gets millions of gas in the world, and we wrote the charts, thanks to you all out there, listen to expel how you ring around ten or fifteen, sometimes upper seven up to five, but they were very unbroken three. about one in December will be all the more true crime podcast out there that there's a lot of those situations where the wrong business about well- maybe not, but here so I beg you ass by the way for spread. The word about the show you are the ones that did it. Thank you for sharing the show and for clicking the fast reviews and subscribing in all that kind of stuff, all that stuff helps algorithms on that and it drives people to know

what we're doing here and you are, only marketing plan, so god help us. Thank you. Thank you thank ruth and you 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, fully neighbourly as a free winter maintenance check list that can help save your tongue, manhatto check it out.

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 wanna dancers wedge, both its real world. Even during the passage of the biggest thing we did was Winna. We are ilene months, and yet we weren't on credit cards. We were going to go into debt, but we found a way. God provide us. The guidance did that guy with the way for us to get through our budget be able to manage, and it wasn't easy, if you were, will drop below streaming services, we are the bases that we have to read the books. We had our bookshelves watched, the dvds in ourselves. That was really all we entity we had for a long time there, and now he has the least mars released joys of that stuff. We feel put a good bounce retorted? Now you might no one else. Now you! Yes, we got a copy of the baby steps millionaires book for you, the total money make overbook for you in a financial peace. firstly, membership, that's the live and give box to say thank you for it

coming from tucson delightful to do your dead for each graham. You guys are amazing your heroes and shall proud of you well done. Thank you to night for bringing Daniel to share in the debt free scream as well as something he'll always remember him. Be proud of his mom and dad and shaking his head. Eighty seven thousand dollars paid off in two years and three months house and everything they're weird: they didn't make a ninety one to ninety five counted down. Let's hear a debt free scream or go guys. Three two see, the tucson boys and girls, boys and girls eleven the world. This is the ramsay share our scripture the day as they are forty three eighteen and nineteen. Don't remember the prior thing: don't ponder ancient history

Look I'm doing a new thing now, its brow, up, don't you recognize it? I'm making away in the desert paths in the wilderness. J p morgan The first step towards getting somewhere is to decide you're, not going. Stay where you are there. It is that's kinda like a breaking the cycle. You gotta move now or breaking free from bro, that's what we do breaking the cycle is the new lives dream that comes out january, the eleventh and were giving away thousand dollars. Ten people at one thousand dollars each. You can sign up for free at ramsey solutions, dot, com, breaking free from broke, his george's new book, which comes out january six, These trends, thirty regulators, to couple light ilo. That's the theme, I guess, of twenty twenty four we're all gonna break, for were breaking something sightings gonna break breaking free from breaking cycle were breaking free from broke, were just breaking shut once reagan, stuff you'd, like

can things from any there. If you want a cake, you got a break some eggs under safe life? Is that an old time you saying I've heard that one could be here could be a physical giron, rams it'll be a really old home. We say so. I check Our guys, Georgia's new book, comes out industry about ten days here and so on. If you still want to All the free one hundred dollars worth of goodies with the We say: oh, you can still do that: breaking free from broke at ramsay solutions, dot 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. The doktor John bologna show is here to help its a collar driven podcast, where you can get practical advice on dealing with anxiety, loneliness, depression, relationship challenges, your kids and so much more

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