Live from Phoenix: The Ramsey Show on Tour

14:51Ken Coleman:I'm wrapping up, but I just want to say this. Well, I got two women on both sides of me. When they're ready to talk, I got to wrap it up. I can feel it. You need to own the fact that you created an expectation. You didn't do anything wrong, but she took it that way and she's gone over the top. She's crazy wrong. Just calling it out. But I think you're going to have to stick to your guns and say, I don't feel like this is what I should be doing. And I would absolutely say we're in a different season of life. We're trying to have a baby and this could be very, very expensive. Stacey and I walk through that.

15:26Ken Coleman:I know exactly the journey you're considering. And I think you have to stick to your guns there and say, I can't do this right now, and here's why. And I'm sorry that you have this expectation, but I can't do that. And you're going to have to be okay with the results. If not, I think she's going to hold you hostage, and then it's going to be even uglier than it already is. That's my two cents on that, ladies.

15:48Rachel Cruze:Well, I just want to say, it's not your responsibility. Like, you've put that on you. You know what I mean? and I think you have to own that in you. You can only control you. And Ken's right. When you put up a boundary with a boundary-less person, it doesn't go well. It doesn't go well. There's no boundaries there. There's no consideration. There's no gratitude. There's no compassion or empathy if she knows what you're going through. I mean, there's none of that from her. And that makes it sound like it's conditional that if she was really nice, she'd want to give. But I think starting baseline, you have to understand this is not my responsibility.

16:22Rachel Cruze:and so what's within you is what you can control and so that's what I would encourage you to find that inside yourself that this is and it's not a selfish thing but you're not their mom you're not their guardian they're not little kids they're grown adults just like you are so it's not your responsibility well said I was just going to add on there and I actually wouldn't give a lot of details I'm trying to fund this or my financial situation has changed you're grown you don't have to say that I think you can just say, don't have that expectation. I won't be able to do that this time. And just keep it simple because once you start rolling out the reasons and the reasons, that's you kind of apologizing for it.

17:06And to Rachel's point, you don't have to apologize for it.

17:09Ken Coleman:And under no circumstance do you let her bully you into doing something. Once you make this decision, the line has been drawn in the sand. You understand? Yeah. All right. You don't want to be a prisoner to anybody in your family. Y 'all give her some love. That's a tough, tough situation here. All right. Up next, welcome to the microphone, Cameron. There he comes.

17:37Rachel Cruze:It's like a catwalk. Yeah. That's quite the walk.

17:41Ken Coleman:Yeah. You did good. I perfected it. You did great. I'm going to do my wave. That's great. I don't think that's your look, but that's okay. All right, Cameron, where are you from? I'm from Santan Valley. Okay. Just outside of Phoenix. Okay. Some of your neighbors are here. This lady gave holy hands. That's very exciting. All right. What's your question? Yeah. So I'd like to start with the question and then I'll give you a little bit of background. My question is, how do you know when to take a risk on maybe a side business that you're working on versus also while trying to provide for a family.

18:20Okay, now a little bit of background. I'm 32. I'm married. I have a daughter. As of today, she's 20 months old. So, young daughter. Thank you. And we have another baby on the way. Oh, congrats. So, the business I'm working on is kind of based off of reading your book, Find the Work You're Wired to Do. and I have a passion for it. It brings me joy. I love it, but it's just a side business.

18:52Ken Coleman:Are you making any money with it at all? I am. I'm making a little bit of money. How much? It's a couple thousand a month. And that's after expenses? Yeah. Okay, great. After expenses. Okay, great. So the business is like, I go around the valley and I help other businesses sell products that are just kind of just haven't been sold and they're sitting on their shelves and need to move inventory. And so this kind of like good, fast, cheap. Sure. It works with all of those. Yeah. So I've been kind of pursuing that and I enjoy the connections and the sales process behind it. What's the challenge you're asking about tonight?

19:30Ken Coleman:So the challenge is, do I focus my attention on trying to build that or do I just continue with my career path? I'm kind of on, but I also have the baby on the way. I have my family I'm trying to support. So I'm kind of juggling a lot. Yeah. So I think it's pretty simple. I think the fact that you are making some actual profit and a couple grand a month is nothing to sneeze at when I've got another baby on the way. How much time do you spend a month getting that couple thousand? Like in a week, how many hours do you work? It varies quite a bit. Give us an average. Yeah. So let's say average, probably 10 hours a week.

20:05Ken Coleman:So is mama going to want you to stop working that extra 10 hours a week when baby two comes along? very possible, maybe for a short time. So I think it's okay to press pause on that because it's not your inventory. It's not like you're stuck with a bunch of inventory on your shelves. That's, you know, I gotta, I gotta get my money back. This is something where you're going out, hustling, finding some stuff and you're a reseller, which I really applaud you on that. So I think it does come down to the amount of hours we're going to work. And if she says, okay, well you're in, in 40 hours a month, 10 hours a week, average, you're bringing home $2 ,000 a month.

20:40Ken Coleman:Is she okay with that? And maybe we want that$2 ,000 a month. I will tell you this, I don't know what Rachel and Jay think, but I would be doing it all the way up until the baby's born to stack as much cash as possible.

20:50Rachel Cruze:Are you hoping to make that your full-time career eventually? I would like to. I would like to make it as a business that I can run.

20:57Ken Coleman:So in this season, I would just, whatever, I already gave you what I think you should talk with her about. Okay. Now going forward, because I know where your question is. Like, when do I know, when do I walk from my career to that? Yeah. Is that the question? Super simple. You ready? When you have a minimum of six months of your current salary, okay, in your day job, I would want a minimum six months. I personally would do 12 months. Okay. That's super conservative. They've heard me say this on the show before, but I'd say six to 12 months of your current salary, your day job in this side company bank account before I would ever walk from the day job, because you don't want the kind of pressure to survive on a new business.

21:42Ken Coleman:You want a pipeline. You want to prove that I found my places in the valley. They're used to me. Now they're calling me. They're calling three or four other businesses to say, hey, you got some extra inventory. This is your guy. You need to build the pipeline plus the bank account before I'd ever even think about moving on. Yeah, financially speaking, that makes sense. And also, it's kind of, you know, when the next baby comes, I got two babies and then we got everything else we're trying to work on in life, saving up for expenses. We just recently paid off our last debt just two weeks ago. Congrats.

22:20So you're on the baby step three. So we were, you know, hustling and doing all this. And so I guess it was just kind of like it feels like there's a lot of things going on, a lot of things moving right now. Then pull it back. And maybe pause, but for how long? You guys decide.

22:36Rachel Cruze:And you guys need to be intentional about it, right? And to say, okay, let's give it 90 days and pause it for 90 days and let's regroup and look at 90 days. How are we both feeling? Like you need to be in sync with her in this process. Because if you have a spouse that, you know, if you guys, now it's one thing if she's like, go, go make money. I don't care. Like do what you got to do, right? Because there's seasons of grind and you're both on the same page. And even though there'll be hard days in the grind season, you both are aligned. The worst is when one spouse is like, I'm going to go do my things.

23:07Rachel Cruze:I feel over here. And the other one's like, this is not what I want my life to look like. Then you start to walk two different paths. So closely aligned. And you're both adults. You get to make decisions, right? You both get to say after 90 days or whatever the timeline is, like, I'm feeling good. This is good. Or let's wait one more month. And then after the summer's over, whatever it looks like. But just breathe. You're okay.

23:28Ken Coleman:You guys make the decision together. Hey, give this guy. He's so wound tight right now. He's got another baby on the way. Give him some love. Thank you, buddy. Appreciate you. Thank you. You bet. All right. Up next, coming to the mic is Raluca. Raluca, give her some love. There we go. I got to say this. Can I brag? Can I brag? She was at the Chicago event last fall.

23:52Rachel Cruze:Yeah.

23:53Ken Coleman:So she's making the tour stops with us.

23:56Rachel Cruze:That's right.

23:56Ken Coleman:Fantastic. Okay. Step up to the mic. Tell us your question.

23:59Rachel Cruze:Okay. I'm Raluca from Omaha, Nebraska. Woo! We got one other person.

24:05Ken Coleman:Great. Very exciting. All right. Omaha. Okay. So is it wrong to want to invest in the stock market like S &P 500 instead of becoming a homeowner with your first home purchase? I'm very content at renting right now. I'm renting a house, have a roommate and my rent's$1 ,200. I do have a six month emergency fund. Well, well over that. So I guess I'm working on a down payment. Step three B. I'm not the stereotypical wanting to get into a house as a single, single Pringle, but. But how long is that your plan? How long do you plan on writing that out? I guess if I had to throw a number out there, 10 years.

25:02If I saved up for 10 years, then maybe. And are you investing some of the money in retirement and also some of it in a fund that you could get to, like a brokerage account? Correct. Correct. Yes. Do my 15 % for the 401k with work. And then also just regular brokerage account. I mean, on the one hand, obviously, if you don't have the money to purchase a home yet, it makes sense that you would continue to save up. And if you know the horizon is greater than five years, yeah, sure. It makes sense to go ahead and invest that money. I don't want to ask you how old you are in front of all these folks.

25:3729. Oh, you're... There you go.

25:39Ken Coleman:I was going to ask anyway. Yeah. I mean, I don't think there's anything wrong with renting for a season of life for a period of life. We were talking earlier, it's expensive to own a home. and especially if it's not something you're interested in right now, I don't think that's a bad thing. However, I do think long-term, there is going to be a time where you're gonna wanna stabilize that line item on your budget and the only way you really can do that is by purchasing a home. And we do find that it is a major part of people's wealth building potential, right? When we did the biggest study of millionaires, we found, yeah, owning a home is a huge part of becoming a Baby Steps millionaire.

26:15And so for that reason, I would want that on, you know, in the cards for you in the future. But if you're saving towards it for you, honestly, you're probably going to be at the point where you buy it in cash because you're such an investor. You're such a saver. I don't think there's anything wrong with that. And writing out that timeline, you could be 40 when you buy your first house in cash. Yeah. I don't mind that. I don't mind. That's a huge win.

26:39Ken Coleman:And you know, what's great about this? The freedom that comes with this. You're just stacking cash. You're you've also got a lot of freedom. So I think in your position, I love that advice. I do too. I'm excited for you, honestly. By the way, you're crushing it. You know what I mean? I love to see that you're crushing it. Yeah. That's awesome. Thanks for coming tonight. Yeah. All right. Very fun. Are you coming to, uh, are you going to make the trip with us down to, uh, Anaheim?

27:07Rachel Cruze:I don't know about that.

27:08Ken Coleman:Okay. No pressure. I was just kidding.

27:09Rachel Cruze:I'll come down to Tennessee. I'll see you guys.

27:11Ken Coleman:That is fun. We'll see you there. All right. That is fun stuff.

27:14Rachel Cruze:So good. So good. Thank you. Thanks for the question. Thank you. Be a great investor. I love that. Okay, question in the room. How many of you guys are in a position where someone is dependent upon your income? A spouse, kids in the room, anything? Yes. Okay, so it's a good bit. And there's a lot of people that listen to us or that are watching the Ramsey Show right now. And that is the case. And I think one of the biggest mistakes people make is when they don't get life insurance. And it's one of the saddest, yes.

27:45Ken Coleman:People are clapping for life insurance. We know we're in a Ramsey car.

27:48Rachel Cruze:That's what we love. No, but really it is, and people get confused because it's not a baby step. Okay, if someone has depended upon your income, you need term life insurance. And we love Zander Insurance. And Jeff Zander, we've worked with for decades and they really are the best place to buy it. So if you do not have term life insurance, you guys, regardless of your baby step, it is something you need to get. Yeah, and I would even add to that. A lot of people get it twisted because they think life insurance is a baby step. It's not. You do it the moment that you find out about it. So if you're in baby step two, you still need term life insurance.

28:21And it's so simple, guys. Again, if something happens to you, anybody who depends on your income, if something happens to you, they're covered. And that's so important. You don't have to worry. Are they going to be able to keep the house? Are they going to be able to keep continuing life at that level? And we do recommend 10 to 12 times your income. And it's super easy. It's straightforward. Guys, just go with Xander because they're not trying to sell you a wealth building tool. they're simply trying to sell you protection. Yeah.

28:45Rachel Cruze:And it's inexpensive too. And if you are a stay-at-home parent, you need life insurance. And we used to say half a million on a stay-at-home parent, but honestly, I would, I would bump it up. I'd go as high as you can go. I mean, seriously, yes. But if you are healthy, especially you guys, like this is one of the things that everyone needs to have. Again, I said earlier, but it is, it's one of the saddest calls we get when people don't have it and they lose a spouse.

29:06Ken Coleman:I remember when we realized I had three kids and I was like, I got to step it up. Right. And plus the income changed. And I remember it was so affordable. I got so much insurance on me. I didn't trust AC when I went to bed.

29:17Rachel Cruze:It's like a Dateline special.

29:19Ken Coleman:I was like very jittery.

29:22Rachel Cruze:So go to Xander.com and get your instant quote online. That's Xander.com with a Z.

29:29Ken Coleman:And by the way, Jeff Xander, guys been friends of Dave's for a long time. Great dude, solid company. Can't trust anybody anymore. By the way, speaking of which, I want to thank our friends at Fairwinds. You know, they're the sponsor of our studio in Nashville. and because of them, we're able to do an incredible tour like this. So we want to say thank you again to our friends at Fairwinds Credit Union. Fantastic group. Need to check them out. We really trust them as well. So would you thank them for making this tour a reality? Really, really awesome. While The Ramsey Show is out here in Phoenix, I thought I'd wander over to Arizona State and ask the next generation how they're handling money.

30:05Tell me the dumbest thing you've done with money thus far. I like to follow K-pop. Have you spent over$1 ,000 on K-pop related things? $3 ,000, I think. $3 ,000. Buy a spoiler for my car. A spoiler? What kind of car is this? A Mustang. Oh, wow. Is it still on there right now? Yeah, it is. I mean, why take it off? You already spent the money. What'd that cost? Like$300. Oh, that's not bad. I went on a vacation, first ring break, put it all on my credit card pretty much.

30:33Rachel Cruze:If I were to cover the tab at a restaurant and they sell me, I think it's free cash. So you've weaponized your own generosity to cause you to spend even more. Yeah. It's a pretty wild take. Went to Vegas and gambled my money away. How much did you lose? Altogether, I lost about$2 ,000 in my winnings. Since I'm a Dragon Ball fan, I guess you can see where I'm going with this. I bought, like, a lot of action figures. How many? Over 9 ,000! Ten. You have ten. How much have you spent on Dragon Ball Z-related things in your life? $500 to$600.

31:04Ken Coleman:When I was like 14, I spent$100 on like a Tanner Fox meet and greet. What is that? He's a stupid YouTuber I watched when I was like 14. Did you pay$100 to meet Dave Ramsey? Probably not, no. Sorry, Dave. Sorry, Dave. So you guys have been asking us questions, and we'll get to more of those. But this is the part of the night where Jade, Rachel, we like to flip the script. And so we're going to ask you some questions, and you just kind of shout out to us. We'll kind of behave, and we'll figure it out. So I want to start with Jade. You get to flip the script. What's a question you want to know from the audience?

31:37Yeah. I want to know if you've ever bought something simply because you were influenced on the internets to buy it. You were talked into it.

31:47Ken Coleman:So we got mics on either side. So raise your hand and then our mic runners will get to you.

31:52Rachel Cruze:Maybe it's like the dumbest thing too. Yeah. And it was stupid. Like it was something possibly you regret.

31:57Ken Coleman:Raise your hands again. We've got to get them up. So we can get to you. Or maybe it was really awesome and you can tell us about it and we can get one too. Where's my mic, guys? Wes, you got them right in front of you. Here we go. Yes, sir. What's your name? Jermell. Boy, you got a voice. It's not the first time you've had a mic in your hands. Listen to this guy. My wife is putting me over here. We have horses and stuff, and there was some lights. Just regular, what are they? They're just three lights that are on this thing. I'm not tracking the horses and the lights. What are we talking about?

32:30Ken Coleman:Yeah, it was pretty stupid. I got gathering. So, yeah, I bought one just to check it out and then went back on it on Amazon and went back online and I looked and they had them like 20 % off. So I ended up buying five. Now they're sitting in my office in a box. What do the lights have to do with the horses? So I'd be able to see them instead of trying to see the horses at night. They're like floodlights. Yeah, like floodlights. And what was the total cost of all the lights? I don't know. I think it was probably$200, maybe more. $200. and you saw this from an influencer or somebody else? I saw it on Facebook.

33:03Well, did they do the job? Did they at least work? No, they're still on the stage. I got one up and it lights the whole area. Oh, this is great. I still got five. Sir, it's called a return. I'm past that already. Oh, you're past the window? I'm past that already.

33:19Ken Coleman:Well, you might have to replace the original. So, you know. Ken, do you need any lights? Any floodlights? I see your horses, Ken. Me and animals, I just kind of watch them on TV. Thank you, sir. That's very good. Do we have another? Do we have a specific? Let's get a couple more. One more of those. I saw hands. Right. This gentleman in the orange shirt with the lovely bald head back there. Stand up. Sir, what's your name? Brett. Yes. Brad, tell us the dumb thing or tell us your story. I don't think it's dumb. We'll find out. Why are you standing then? So I'm a cyclist, and I watch the show NorCal Cycling, and they kept talking about ketones.

33:59Ken Coleman:And so I decided to go on to ketones and they give you energy when you're doing a race because I raced my bike, but they're like 120 bucks for like 26 and they're like this big. So for months and months and months, maybe even over a year, I decided not to buy them. But then I finally went to the site the other day and they were on sale for 80 bucks and my wife saw the expense which my lovely wife I can see her now her hand is in her head

34:30Rachel Cruze:she's still not

34:32Ken Coleman:called me on the phone and asked me what it was and I was like it's something I thought I needed that's what you said? yeah I thought you would have went hard on the I need this for cycling you waited a year well I don't know if I need it yet we'll see if it works does anybody know if ketones work? I don't think anybody in this room has ever heard of a ketone did I get scammed? I don't know. Look it up. Ketones. Energy. Ketone IQ. I don't think it's a good idea. I really don't. I think you should talk to this other guy and band together and send it all back. You don't think buying ketone IQ is a high IQ?

35:14Ken Coleman:I don't think so. But hey, I appreciate that you're out there cycling. Yes. By the way, just want to say to all cyclists, could you guys get over a little bit? No, no, no. Don't give him the mic, Wes. No, because they don't... No, no.

35:28Rachel Cruze:They, yes.

35:29Ken Coleman:We're in the cars. You're in the bike. Get over on the side a little bit. Drives me bananas.

35:35Rachel Cruze:We had a whole happy... George Campbell and I did a whole thing. Did you guys talk about that? Yes, and I'm so sorry not to pick on you. But yes, at like 5 o 'clock during rush hour on this small... And I'm like, do you hate your family? Like, why do you want to die?

35:48Ken Coleman:You hate humanity. Why do you want to die? You're holding us all up. I just want to get home. Anyway, fun stuff. We love you, though. We do love you, sir. There's a lot of pent-up anger at cyclists I've got. Okay, I have a fun question, I think. Is there anybody here that's willing to share maybe an ethically questionable move you've made to save money? Yes, I see that hand. Right here, keep your hand up so we can get to you. Stand up, sir. I like you. What is your name? Anthony. Anthony, what is this ethically questionable thing you did to save money? So I ran this by a couple of my friends. That was a good decision.

36:27Ken Coleman:Okay. Well, I'm a travel nurse, and I go throughout the whole country kind of working everywhere. And I was doing a stint in Harlem. And when I was there, I stayed in an apartment that was completely empty, didn't have a bed or anything. So I ordered one online that had like, I think it was like a six-month return policy.

36:52Ken Coleman:And I was only there for six months. And it came in a box. So I made it up to the top of the apartment. And it was a free return. And they picked it up in the city. And technically, I didn't need it anymore. And it was within the six-month window. It was within the six-month window. But I think I violated the spirit of the return. Because you slept on it. You slept on it. For how many months did you sleep on it? Six months. Right at the wire. Right up to the line. You need to go see this gentleman with the extra floodlights. He needs some mentoring from you. That's pretty questionable. It's right in that gray zone.

37:34Ken Coleman:I don't think it is. I mean, how much money did you save? Oh, how much money did you save? It was one of those nice, like, king ones. I got free sheets out of it. Oh, wow. Did you keep the sheets? Did you keep the sheets? I did, because they let you. Okay. That's a George Camel thing.

37:51Rachel Cruze:How many of y 'all have used something and returned it? Like, well-knowing. Oh, shame on all of you. Shame on you.

37:57Ken Coleman:Wait a second. I want the audience to vote. Does it depend on what it is? No. You've used it? Well, like, sometimes you get a pair of shoes and you're like, these are terrible. I can't wear it after one day, not six months at the office. Yeah, okay. But I'm saying, you walk around for a day and you're like, I can't do it. Show of hands. If you think Anthony was unethical, raise your hand. I bought it with every intention of returning No judgment If you would have done what Anthony did Raise your hand I love it There's some cheap people in this room George would be so proud wouldn't he

38:30Rachel Cruze:Yeah George used a vacuum cleaner For like five years at Costco And he was like it doesn't work anymore And I'm like yeah because you've been using it for five years And did a return I was like oh my gosh Thank you Anthony you're a trooper That was a great story

38:48Ken Coleman:All right. I have a question.

38:50Rachel Cruze:This is going to take some, you know.

38:54Ken Coleman:Don't make me fill in the blank. I was going to say balls. I don't know.

38:56Rachel Cruze:Is that okay to say? It's going to take some balls from the audience.

38:58Ken Coleman:Rachel Cruz.

39:00Rachel Cruze:Then I thought the lady's in here. Anyways. Okay. When and what was the last marital argument you had about money? Who wants to share? It's going to take some courage. There we go. In the back of the room. I see it. That's what I love. Stand up.

39:15Ken Coleman:Stand up. Tell us what it is. She's not even here to defend herself. Oh, no. First of all, what's your name? My name's Andrew. I actually called six or eight weeks ago about my type 1 diabetic daughter, and I want to thank you guys for how you—

39:26Rachel Cruze:I remember that call.

39:27Ken Coleman:I wanted to thank you for how you handled that, and she's doing great, and I want to appreciate you guys. Oh, my gosh. That's great. Who's on with you?

39:32Rachel Cruze:I remember that.

39:33Ken Coleman:Yeah.

39:34Rachel Cruze:I don't know, but my friend, I was telling you her daughter had it. Yes, I totally remember talking. Who was it? George? Who was with me? George or Deloney? No, it was Ken. It was you and Ken. Okay. I can't. You make such an impact on me.

39:47Ken Coleman:Boy, I feel pretty stupid right now. No, all right. If you gave me a few more details, I would know. But glad she's doing well. No, she's doing great. I appreciate that. But the last marital conflict that we had over money was I'm into baseball. I'm a D-backs fan. Go D-backs. They're going to do something this year. I really do think so. I'm a big Diamondbacks. Diamondbacks. Yeah, I know. You got to be careful. Don't shake your head. You can't shake your head. Don't be. I know you don't have a baseball team. No, no, no. Let me explain. No, we just misheard you. Oh, okay. You said D-backs really fast.

40:18Ken Coleman:D-backs. It sounded like something else. That's all. Well, we live in Santan Valley. Go Santan Valley. So it's a 45, 50-minute drive to the stadium. So we don't go to games all the time. Sure. So I want the baseball package to watch the games on home. We have had a couple of intense moments of fellowship last year about how many games I was watching a week. But then I promptly blamed my son for it because he wants to watch him too. And so I tried to bring him into it. And my wife didn't fall for that. That's a pro move, by the way. I got four kids. I have the most kids. I'll use them for anything.

40:54But anyways, that didn't work either. And so she told me no. And I was like, all right, I guess that ship's over.

41:00Ken Coleman:But then this year, I was able to say, well, I get a student discount because I got one last year. It was only$120 last year. And she gave me the go-ahead. She's like, go ahead, just do it. It's going to be fine. And I said, cool. It was$220. And she didn't say anything about it until five minutes after I did. She's like, it's$220. You said go ahead. I didn't know what to do. So that was like the last major thing that we got into. How'd that finish out? What's the rest of the story? I'm watching the game before the thing started tonight. So we're doing just fine. Great. Well, guys, if you can get away with it, that's a great move.

41:35Ken Coleman:All right. Thanks for sharing. That was good.

41:36Rachel Cruze:That was good.

41:37Ken Coleman:Do we have another one? know these are really good okay i've got a question we'll do one more and we'll get back to uh your questions does anybody have a really weird or peculiar hobby that costs you know a decent amount of change anybody got a hobby right here i see oh we see two right here let's start back here right in the middle with the hoodie yes stand up we'll get to you here comes katie oh i can't wait i love this real quick tell us your name and what the hobby is my name is margaret okay margaret And it's not my hobby, but it's a family thing. Okay. Club sports. Club sports, like as in what, soccer, basketball?

42:17Yeah, my son's in club soccer. My daughter's in club softball. My daughter plays golf, and all our money goes to sports.

42:27Ken Coleman:I feel like it's a confession. Is this a confession? Somebody wants to be a sports dad. Oh, you just turned it to dad. And somebody didn't play sports growing up, and somebody did. Oh, God. Wow. This got a little deeper than I thought it was going to. Okay. Now, wait a second. You just stood up and just totally threw him under the bus and backed up over him. And he still got the thumbs up. Do you guys need an intervention or are you guys okay? You got margin? We got margin. So you can afford this? That's what we just spend our money on. And our weekends and our nights. She is not happy about her life.

43:02Ken Coleman:Would you like us to weigh in on this or no? No. I appreciate the honesty. Well, I will say this because you didn't ask me too much. I'm going to tell you anyway. You guys need to have, no, I'm serious. You guys need to have a real conversation because what has been done in jest here tonight has got some seriousness under it. And I'm going to tell you something else to you, sir. And I grew up playing every sport. I did. Played everything. But I grew up in an era where there was no club sports, right? It was just rec league and all that stuff. Your kids are probably not going to go pro. We know that.

43:39Ken Coleman:Well, then why are we spending all of our money and all of our time on something that is not going to ROI? You don't have to answer it. I'm not being unkind, but I'm just going to be really honest with you because I think underneath the jokes and the thumbs up and everything, we're a little stressed out. We're not stressed out financially about it. We're just stressed out. We're stressed out relationally. I can't do because we're spending the money on that. I think you guys need to have a date and let's cut back. the kids are going to be fine. All right. Give them some love. That's a fun confession there.

44:11Ken Coleman:I'm very passionate about that because I agree. Yeah.

44:14Rachel Cruze:And that's a hot button topic. You put that out on the internet. Well, I know that I'm going to get killed for that, but the data backs me up

44:22Ken Coleman:and, and all the specialization in youth sports right now, let's make it very clear. And this is a guy who loves sports, but the specialization is a con and they're conning good people out of money and they're preying on our desire for our kids to be stars. And I'm not picking on this couple. I'm saying we're all susceptible to that. And at some point we got to say, what is it? What is most important? Is it Johnny playing on every travel team or is that we actually have a life? and so I'm just going to throw that out there at risk of me and the grumpy old man but that's what I think so there you go all right up next welcome to the mic Robbie Robbie come on down yeah give him some love keep up the energy there he is all right Robbie close to the mic tell us where you're from uh from Gilbert Arizona nice oh strong representation from Gilbert tonight good to see Good to see.

45:20Ken Coleman:What's your question? So my question is, I've been working seven days a week for the last two years. I'm trying to figure out how to create some urgency with my wife surrounding our debt, which is about$150 ,000. I think I've tried everything possible, but I'm just trying to create urgency with her. Is she here tonight? She is not here tonight. I did invite her, but she didn't come. Dadgummit. Yeah. Why not? I don't think she likes this. Yeah, she might not. It might be a bad word in our house. We haven't weaponized. I don't think there's any mites about it. So when you guys sit down and the number comes out,$150 ,000 of debt, what's her response to that?

46:04Not the Ramsey plan, not the way you want to get out of it, just the debt. How does that make her feel? I think it's been going on for so long. I think she's kind of accepted that that's just the way things have to be. yeah I don't think she she thinks too much about it and just kind of thinks that's the way life is right now but I feel like I'm working hard and working a lot and I'd like to see the needle move but I just don't know how to motivate her and what part of that is she unwilling to move on is it a certain line item on the budget is there something you want to do like sell a vehicle and she's not on board show tell us real things that you're wanting like moves that you're wanting to make that she's not on board with?

46:45I think all things are on the table. Selling vehicles, cutting back on expenses, selling what needs to be sold that we don't use. Like I said, I think everything's on the table for me. And you've said that to her. So, because my question is, I don't know if she's a numbers person, but if you say we have$150 ,000 of debt and we could move 50 of it just by selling off these vehicles, and then you're kind of laying out the timeline of how quickly you could be free. I don't know if you've done that, have you? I've done it in the past. It seems like it's so far away that it's kind of hard to accept, though.

47:18Okay. How far away is it? At least four years away. Okay. Yeah, that's a real thing. So the hard part with this is I do think that most of us in here have had some sort of an iPad at moment or some sort of a catalyst moment. And sometimes with couples, it doesn't happen at the same time. Right. Right? It'd be wonderful if it did. And then you're on board. That's what happened with Sam and I. It happened at the same time. But if it doesn't, it's that ongoing conversation and that continuous feeling of it, right? And the way that you can help push on that is to tell her how you're feeling. I'm just feeling trapped.

47:53I don't want to feel like this forever. I feel like I just go to work and go to work and we still feel broke. And if you're telling her constantly how you're feeling and that you have a hope for a different future, that's the best you can do, right? And then at some point you've got to get to her heart on it and figure out what is it on her end that's keeping her from that? Because we all have a desire to be free, all of us. So my guess is not that it doesn't bother her or that she doesn't care about it. There's probably something deeper under there. Maybe there's a fear because the truth is she doesn't know.

48:27She doesn't know for sure, like inside of herself, what's on the other side of that sacrifice. And I think that holds a lot of people back. What if I do this and I sell the car and he works extra and we still don't get to it, right? That's very, very scary. It's an unknown. It's fear of the unknown. So if I were in your shoes, I'd be a detective. Like I'd be a full-time detective trying to understand really what is it that's bothering her so you can turn that screw. Okay.

48:52Rachel Cruze:And you may have had so much control over the money and all of it's on you that she doesn't feel the weight of the finances in your home at all to feel anything, right? stress or whatnot, you're taking it all on. You're trying to be the hero in the situation. And the truth is it's both of your debts, right? Like you guys are in it together. What is, what consists of the 150 ,000? Is it consumer? A couple of consumer loans and then student loans. And student loans. Both of yours just? The consumer is ours together. Student loans are mine. Yes, are yours. Yeah. What's your income?

49:26Ken Coleman:Last year, our gross was 141.

49:29Rachel Cruze:I think the hard part is sometimes if one spouse is so passionate about it and wants to do it, they're carrying all the emotional weight that the other spouse doesn't honestly have to feel anything.

49:40Ken Coleman:Is that what's going on? It's tough. I have a 14-year-old daughter and we don't spend a lot of time together because I'm always at work. No, no, I get it. I heard what Jade said. I heard what Rachel said. I'm curious. You were saying, right, right. I want to know, is that what they're describing? Is that what's going on in your house? She just has no belief that it could ever happen, so she's just resigned? Or is it she doesn't think it matters? I think she feels like it's not something that's going to happen. So she doesn't have hope. Right, she doesn't have hope in that. Have you shared what Jade said?

50:14Ken Coleman:Have you told her how you're burning out? I mean, on occasion, but sometimes it sounds like complaining, and I don't want to complain. I just want to work on it. Wait a second. Wait a second. I'm starting to pick up on something. I don't think And there's no shame in this friend. There's no shame But i'm taking a chance here. I don't think that you have sat with her and poured your heart out to her about There's the emotion right there I don't think that she actually knows how exhausted you are physically I don't think she knows how exhausted you are emotionally I don't think she knows that your heart is broken in two because you can't spend time with your daughter I don't think she knows it because you've built up in your mind that you've got to be a good man.

50:57Ken Coleman:And I'm here to tell you, my friend, I'm looking at a great man. But I think that's what's going on. Tell me if I'm wrong. That sounds right. What are you afraid of when you tell her? If she were sitting here, I'd get you to tell her that. But what do you think her real reaction would be if you put yourself out there? And I know I'm asking a lot for you to be that vulnerable. What do you think she would? How do you think she'd react? I think that if I sat down and poured my heart out to her, that she would understand. I just don't know that I've, you know, I've done that yet. And that's okay. And I don't bring that out to put any ounce of shame on you, my friend.

51:42Ken Coleman:But I'm telling you, if you care about your marriage, if you care about your 14-year-old, if you care about living a life that you desire, you have to do this. You are in a danger zone. Man is not meant to work seven days a week and never share what's really going on. I also think that you're in control of the money and I think you got to let her know how you feel. And then you got to say, babe, do you trust me? Because if you trust me, I can get us out of this by leading us. But one of the things we got to do is sell the car. I'll go first. You see what I'm saying? You got to lead, but you can't lead if she doesn't know how you really feel.

52:20Ken Coleman:And so I got something for you, okay? I got two things for you, but I can only hit. Could you bring the bottle of wine? This is very exciting. I got some flowers for you. You're going to go home with these flowers. Rachel's bringing a nice bottle of red wine, okay? And you guys are going to have a moment. You're going to say, Ken, put me up to this. He's a loud mouth on the Ramsey show. blame it all on me. I can handle it. It's his fault. But you need to have a conversation and share your heart. Be vulnerable. Vulnerable is strong and you're a strong man. You got me? All right, brother. We love you.

52:57Ken Coleman:We appreciate you. Give him some love. That's really cool. Really fun. By the way, I've said this the entire time I've worked for Dave. I have the spiritual gift of giving away Dave's stuff. So just got a little budget of fun stuff back there. maybe you'll be lucky tonight. All right. If you do a good job. Hey, that was awesome. Wasn't that fun? Hey, I want to bring that back really quick because I jumped into coach mode, but I would like y 'all's perspective from the female side of things, what you would add to that. And when it, when a couple like that is completely in different lanes, anything you want to add to that?

53:31Ken Coleman:I don't want to miss that.

53:33Rachel Cruze:No, I think it's, I mean, I think it's an important, and I think it's more, it's more of the marriage issue than the money issue, right? The issue is vulnerability, not fully being known for whatever the reason, right? And I think we all can have elements of that. You know, whether his fear is weakness. I don't know what it is, right? Like that whatever's driving that wall to be up and this need to be the hero, be the person that just takes care of it. I'm not going to worry about anyone else. That then puts up your spouse on the other side of that wall, right? And I even had Dr. John Deloney, he has the visual of the bricks in the backpack.

54:09Rachel Cruze:but you know and you carry this around and your spouse has no clue has no clue what you're carrying around if you don't share it and open that openness then creates that teamwork and that side-by-side connection with spouses and again there's always gonna be one spouse that's like crazy ramsey and obsessed okay we know who you are like there's always gonna be that one and there's always gonna be the one that probably rolls their eyes a little bit but they're on board because they love their spouse and i really believe wherever he is i don't know where he went that your wife is a good woman. And if you have a great marriage, she's going to embrace that, right?

54:43Rachel Cruze:And if she doesn't, that's a marriage problem, right? We have to like be talking about that. And so that's what's wild about the Ramsey Show is so many of the money calls we get.

54:51Ken Coleman:Oh yeah.

54:51Rachel Cruze:It's not a money issue. Money's the symptom of what's really going on. When you actually fix the marriage stuff, then the money piece falls into place.

54:59Ken Coleman:Okay, up next on the mic, give some applause to Maria. Maria, welcome. Hi, Maria. Hello. Where are you from? Tucson. Tucson. Let's go. Nice, nice. Wildcat country. There it is. I get it. I watch the sports. Great. My Michigan Wolverines pretty much destroyed you guys during the final four. I want to throw that out there. Yeah. That was such a disaster. You can boo all you want, but we won. All right. Thank you very much. Sorry, Maria. Back to you. I couldn't help it. I'm a shameful sports fan. All right, go ahead. What's your question? All right. So my question is, and for a variety of different reasons, we recently had my adult son move back home.

55:44So part of that was he was in a condo. The HOA was very defunct. He was going to pay off debt, got out of a not fantastic relationship. So we are charging him roommate rent. And the question is, do we return it to him when he is ready to move out or if there is something he

56:09Ken Coleman:I'm confused I jumped ahead and shook my head

56:12Rachel Cruze:I'm very oh you said no wait really how old is he 31

56:24Ken Coleman:no you don't give him the money back he's a dadgum grown man But he doesn't know it's coming back to him. But he was paying rent at the other place. Okay, make your case. Well, okay, what's your financial situation?

56:39Rachel Cruze:I am not debt-free. Okay, never mind, never mind. Done, done, done. No, no, no.

56:44Ken Coleman:Does it matter if you were worth$3 billion? I wouldn't give him that money back. He's a 31-year-old grown man, Jade.

56:50Rachel Cruze:Yes. I know, but have you heard Die with Zero? This idea that you, you know what I mean? That you're going to be.

56:55Ken Coleman:Oh, stop it. I'm serious. I feel like that's the part behind it. Okay, that would be my question. What caused you to charge him rent to begin with versus just saying, hey, he can just stay here for a while? Oh, I guess that's a really good question. I think it was just the sense of, hey, you're here. We want to make sure that you understand you still need to pay something. This is not forever, right? This is a temporary plan, which it is. And I think it was going to be a very temporary plan until we both went through FPU. And all of a sudden now he's like, oh no, I got to pay off everything, including the student loans before I buy a house.

57:35Rachel Cruze:Yeah, but he can rent somewhere else. Yes, he can. He could, yes. Yes, that's what I would say. What are we talking about here?

57:45Ken Coleman:I feel like I'm in the twilight zone. What does this guy do for a living? He works for the U.S. Postal System. Great, what does he make? Not a ton. I didn't ask you that. What does he make? Less than$70 ,000 a year. Okay. First off. I love that you brought him back in. That's okay. I love that you're charging him rent. Your instincts were right. I hate the idea of giving him his money back. He's 31. He needs to get back out there. He can take a couple extra routes. He can do something more. he's a grown freaking man get out of the house yeah i'm sorry i just i agree that feels like a very like mommy thing do you know what i mean like okay you would do for my only reason i'm

58:38Rachel Cruze:pushing back a little bit just a little bit yes here's my case if he was expecting it and he was like listen i am like give me my money back all of this now the fact that you have debt all that but if she was standing there and she was worth 10 million dollars and she's like hey you know what I'm going to help you with a down payment on your, or whatever the situation is. Right, but he needs to get on his feet. He does. He needs to get on his feet. 100%. So he does need to be set up. But I have heard, we've had people call the show and they do this, where they're like, we're keeping it in an account.

59:06Rachel Cruze:And then when they get married or whatever it is, we're going to, yes. That, I think, I think that's different. The idea of I'm saving up a pot of money for a specific time. The parent is doing it without the child knowing. Right, right, right. But there's also, I would think that there are certain parameters that I would want in place. Like, okay, this person is... 100%. And that's what's missing, I think, right now. Yes.

59:28Ken Coleman:What's missing is this young man who you love

59:35Ken Coleman:needs gumption. He doesn't need a refund. And that's what you're saying. I'm just telling y 'all. I'm in the greatest mood tonight, by the way. I want everybody to know. I'm having the time of my freaking life. But I'm going to tell the truth when somebody asks this. And here's what happens. I'm going to go back to something earlier with the sister. We create unrealistic expectations that become unmet expectations. I'm going to say that again because that was so good. You all need to get that. Okay. When we do stuff like this, I'm not judging you. It's a sweet heart of a mama idea. But you asked.

1:00:14Ken Coleman:And Rachel hasn't made her case. I have one more thing. We create. Okay. I'm going to say this. you create unrealistic expectations that you do it again. And then when you can't do it again, or don't believe you should do it again, you create unmet expectations and unrealistic expectations always lead to unmet expectations. And on the other side of that is bitterness and resentment. And that's why I'm so strong on that.

1:00:37Rachel Cruze:Okay. I am more, yeah, we can give Ken a hand.

1:00:46Rachel Cruze:I would say I'm way more passionate with him getting out of the house regardless of if you refund him or not I don't care if you do or not that doesn't bother me apparently it very much bothers the audience and Jade and Ken uh but it does bother me that he's still living there he has a full-time job he's 31 even just for him dating oh no no this is recent this is a recent development. So how long has he been living with you? Um, so a, well, it'll be a year. I heard it. Okay. I don't like where this is going. I tried to help you. I tried to help you. I also want to know how much rent he's been paying.

1:01:21No. Well, okay. So it's, it's, he's just renting a room. So it's low rent. We need a number. How low?

1:01:28Rachel Cruze:He just needs to get out of the house.

1:01:29Ken Coleman:A number.

1:01:30Rachel Cruze:Give the number. Give the number. He needs to get out though. $500. It's just a room Okay, but if you split a two bedroom I bet he goes in the kitchen though No, no, no, no Jade off the top range It really doesn't The financial impact has been negligible, nothing The idea behind the refund was save it up and then when he's ready to buy the house, when the market is favorable he finds what he needs or when he's ready financially Right. Then it goes towards the house. Yeah. I wouldn't let him know it. If you decide to do it, I don't care, but I'm more passionate that he needs to get out. He needs to move out.

1:02:08Rachel Cruze:He needs to be a man and, and pay his own rent to a landlord. Can I ask you this? Right. That's what I'm more passionate. I'm going to frame it another way. Let's pretend he was still in the other apartment. He never moved back in. Would you be setting aside$500 every single month to put towards his down payment on his house? Oh, great. Jade. Oh!

1:02:35That's how you know. That's the old Dave Ramsey. That's a good. That's what Dave used to do.

1:02:39Ken Coleman:He'd flip it. Let me tell you all something. If I smoked, I'd have had a cigarette about five minutes ago. I'm going to tell you right now. You're a sweet mama. I got something for you. I got something for you.

1:02:48Rachel Cruze:You've been great.

1:02:49Ken Coleman:I got a fun gift for you. You're not going to like this, but I'm going to give it to you. Oh, boy. Hold on. Oh, wait. Ken, what are you doing? Just be quiet. I'm giving you these little baby Nike shoes to remind you that he can't wear these anymore. It's time for him to go. Y 'all give her some love. Okay, on point. I'm on fire tonight. On point. Good night, everybody. Good night.

1:03:15Ken Coleman:Gotta love the baby shoes.

1:03:17Rachel Cruze:This next question is brought to you by Why Refi. If your private student loans are in default and you're not sure what to do next, Y-Refi can help you explore refinancing with a low fixed rate and a payment plan based on what you can actually afford. So go to Y-Refi.com slash Ramsey. That's the letter Y-R-E-F-Y.com slash Ramsey. May not be available in all states.

1:03:40Ken Coleman:Up next is May. Welcome May to the mic.

1:03:49Rachel Cruze:hi may hi how are you good how are you guys good what's your question if you could go back and ask your 23 year old self what piece of advice would you say so if we could go back to our 23 year old

1:04:04Ken Coleman:selves and give one piece of advice or multiple or multiple okay who wants to go first i think i'd have to go back a couple more years for it to work. I like that. I was already in a lot of debt by 23. Financial or life? Both. The life advice I would give is understand the tension between patience and persistence. You know, when you're young, 23, and I remember at 23 specifically, I happened to be worked for the governor of Virginia and I thought I was going to be the next U.S. senator and then I thought I was going to be president of the United States and I thought it was going to happen in 10 years you know just a 23 year old no clue super I'd vote for you Ken I appreciate that I appreciate your vote I believe this audience would as well but that's not what this is about and so I was a super ambitious kid and I think what I've learned over the last almost 30 years is that there is a natural tension.

1:05:09Ken Coleman:And what I mean by that is like we desire, and this really helps those of you in the baby steps here. We want to get through the baby steps. We want financial peace. We want to win professionally, whatever that dream is. And we go after it and we forget that the magic is the getting up every day and chopping the wood, the persistence, showing up. But the magic is when we show up and we know it's going to take some time and very few times can we control the timing. And so to embrace that tension between I'm getting up and I'm hustling, I'm getting after it, and I know it's still going to take time and I've got to be patient.

1:05:48Ken Coleman:And a lot of people think that patience is a passive word. It's not passive. It's very active, but it is in the mindset and it is in the spirit to wait on the good things. And my, one of my favorite scriptures comes from Isaiah. Those who wait on the Lord will mount up on wings like eagles and soar. They shall run and not grow weary. They shall walk and not faint. And here's what's interesting. What Isaiah does there really quick is that he shows us different seasons of life and different paces. And then we get some seasons where you're soaring. And those of you that are in baby steps six and seven, you're soaring.

1:06:27Ken Coleman:We got a lot of people in this room that are just walking and hoping not to faint. Come on. Can I get an amen on that one? And so I think you got to embrace that. So that would be the life advice is to understand for anybody who wants to accomplish anything in any area of your life, you got to get up and show up, but you got to also wait on the results. and waiting on God is the most incredible discipline you can develop.

1:06:54Rachel Cruze:I would probably go back to 23-year-old Rachel and I would tell her, be confident in who God created you to be because there's only one, you. He's just created you. And so trust your inner voice, trust your gut, trust who you are, that it's beautiful and wonderful. And that goes into like the, I think all lanes. So I think back for me at this age, I was traveling and starting to speak and all of this. And I remember looking up, I was probably like 26 and I did so much, like my, love my dad, love him. God bless you, Dave. Wonderful man. But I would teach and talk and speak kind of like he did so long.

1:07:37Rachel Cruze:I really tried to emulate him because it was like, okay, I'll just do what he did because it's working and I'll do what he did. And I remember waking up at like 26 and I'm like, I am not a balding 60-year-old man. Like I'm young. I have a baby and I'm pregnant and I like to shop and I budget. But like, what does this look like? Right. What does this money stuff look like for me? And the moment I found my voice, it's amazing. It's amazing how you live life and it's not exhausting. You're not trying to perform for everyone else. And that also bleeds into your lifestyle and money. when you try to be like everyone else, keeping up with everyone else, what everyone else is doing, what everyone else is buying, what everyone else is looking like, driving houses.

1:08:18Rachel Cruze:I mean, when you just try to be like everybody else, you're gonna not only be spinning your wheels, you're gonna be discontent and spending money on things that you really don't value. And so focusing on you, who you are, who God created you to be. There's only one you. So be, yeah, be you. All right, I've been thinking, sitting over here thinking about this for a couple minutes while you guys were saying yours. And, you know, I got to say, there's like the practical stuff. Like if I could go back to my 23-year-old self, I'd say, you're going to try to start a business when you're like 26. Bypass the first idea and go straight to the second idea because the first idea was a failure, right?

1:08:57So it's like little things that I could go back and tweak. But I think in all of it, when I think about 23-year-old me, I'd just gotten married. Sam and I had not discovered our debt just yet. That was going to come a year later. And I think I would just say, like, go easy on yourself. Because the next couple of years are going to be really, really hard. And you're going to be put to the test. But this is a good thing. Like, tests are there to make you strong. And this is a really, really good thing. In the end, you're going to be complete and mature and lacking nothing, just like it says. So I think I would just tell myself, hey, go easy on yourself.

1:09:34Go with the flow. it's supposed to happen this way.

1:09:37Rachel Cruze:Okay. Thank you, guys.

1:09:39Ken Coleman:Yeah, thank you. All right. So, are we ready for a little ask me anything? I'm going to ask one that has nothing to do with me, but this is great. What is your favorite conspiracy theory?

1:09:56Ken Coleman:One of us up here really buys into these things harder than the rest of us.

1:10:01Rachel Cruze:Oh, man, I have so many.

1:10:03Ken Coleman:You got to pick a favorite.

1:10:05Rachel Cruze:Um, probably because it was kind of all in the news. We did not land on the moon in 1969.

1:10:13Ken Coleman:Wow. Okay. Show like a round of applause. If you agree with Rachel round of applause, if you think, well, she spends too much time reading rumors. She's cray cray. Wow. Very vocal group. Okay.

1:10:28Rachel Cruze:There happened to be a cameraman on the moon. Do you happen to get everybody? Come on.

1:10:33Ken Coleman:You're telling me, we're all that fake job that no one at NASA has blown the whistle on that?

1:10:38Rachel Cruze:There's been two, yes, that have come out.

1:10:40Ken Coleman:I don't know. I need more information. Just saying. All right. That's good.

1:10:43Rachel Cruze:And we all circled the moon recently. We're all like, oh my God, it's amazing. I thought we'd been there. Walking around like 69.

1:10:49Ken Coleman:Nobody got out. That's what I'm saying. Y 'all stayed in the ship. You didn't get out. I got to move on. This is killing me. What is the weirdest habit that you have that you're willing to admit publicly? I mean, I have a lot of weird habits. Weird is a strong word, Ken. The word you used one time was peculiar. Yeah. I am very choosy. I'm very thoughtful. Some might say intentional. Others might say wise. Or OCD. Her, your, your cleanliness. I'm kind of like Niles from Frazier. Do you guys remember Niles? He would like wipe everything off first. Is that your weird habit that you're, uh. I can tell you a habit that's also a pet peeve that others, like, if you use the restroom, you have to close the lid before you flush.

1:11:40You mean like the total lid? Yes. Close it. Are you thinking of projectiles? Yes. That is my number. It's a pet peeve. If people come to my house and they're like, hey, can I use your restroom? And afterwards, I'm looking around the corner. I'm like, they didn't close the lid.

1:11:57Ken Coleman:What is wrong with these people? And I don't know what it's like to be you. That has got to be exhausting. I'm very clean. I like cleanliness.

1:12:05Rachel Cruze:We are eating back there, and she's like, I'm going to keep my plate on my lap because I don't know how I feel about the table.

1:12:10Ken Coleman:One lady is very passionate in her support for you.

1:12:13Rachel Cruze:Listen, inside clothes versus outside clothes.

1:12:16Ken Coleman:Thank you. My wife's going to be very upset that I'm admitting this, but you all are going to enjoy this because I've shared it. Okay. Everybody makes fun of me on this. Weirdest habit that I'll admit publicly. I'm a very neurotic sleeper. So I have lots of supports. I have a full-length body pillow that goes from my ankles to my elbows.

1:12:36Rachel Cruze:A pregnant woman.

1:12:36Ken Coleman:My wife bought it for pregnancy, didn't like it. She went out of town one weekend, and I got in bed and I went, it's kind of interesting. I tried it. I love it. I haven't gone back. I'm on my third one now. It's great. And then I have an eye mask because I kind of have total pitch black darkness. and then I recently discovered the greatest health phenomenon in the last five years, mouth tape. So I'm mask, mouth tape, body pillow, and I sleep like a baby. I'm not ashamed of it.

1:13:13Rachel Cruze:Oh Lord. All right. You're like a mid forties woman, Ken.

1:13:18Ken Coleman:No, I'm a very well rested man. Okay. One more here. Maybe, uh, let's see. What's a fun one. you guys. You guys are in on this too. What do you see there that you want to answer?

1:13:27Rachel Cruze:What is a completely irrational fear that you have? I have one. Go ahead.

1:13:33Ken Coleman:You go first.

1:13:34Rachel Cruze:You go first. And I think it's going to happen in my lifetime. So I need you all to support me.

1:13:39Ken Coleman:I'm so excited right now.

1:13:40Rachel Cruze:I really do. And I play this out in my head sometimes. I really do have a fear that I am going to be convicted of murder and that I didn't do it, But you're in the courtroom and you're on the stand and you're like, I did not do it. And they find you guilty. And you're like, yes.

1:13:58Ken Coleman:You go to jail?

1:13:59Rachel Cruze:Yes, y 'all. And I'm just like, I didn't murder them, I promise. So just know I'm innocent if anything ever happens. I read too many books and watch Dateline in 2020. It's all my stuff.

1:14:12Ken Coleman:If I ever mysteriously disappear, you all look into her first. There's some deep-seated stuff going on there. I really am.

1:14:18Rachel Cruze:I just don't want to be convicted for a crime I did not commit.

1:14:21Ken Coleman:I appreciate that. Do you have an irrational fear? I mean, you do. Nothing is coming to mind. Germs? Well, no. Germs, I'm not afraid I'm going to get sick or anything. I just think they're gross. You know, this is silly. Every time I go in a tunnel, a lot of times in New York, the Midtown Tunnel, whatever. That's a good one. I always think that the bricks are going to break and the water is going to come in. Look at the people shaking their heads. I feel so seen. I always close my eyes. Do you close your eyes the entire time? But I am like, let's get through the tunnel. Okay. I have a little bit of one and it's not completely irrational.

1:14:56Like on the highway, I don't drive behind the big tractor trailer trucks that have all the cars loaded on it. I just feel like it's like final destination. Like something's about to happen.

1:15:06Ken Coleman:Again, people are with us tonight. Okay. One more fun one here. Let's see. Oh, what is one thing you spend too much money on and you don't regret? Ooh. you all are interesting i think that's me what is so i love house plants like indoor plants i have tons of my house is like a jungle um in my kitchen alone i think i have uh maybe 15 plants i have a lot it's beautiful though it looks nice um it's not weird not at all i but there's a plant shop in my city that i like and i can just go in there and just well let's finish this out what is a what What is a really nice plant set you back? The last, it was like a little ponytail plant that I bought and it was like$210.

1:15:54Ken Coleman:Wow. It's so cute though. It's a gas. $210 on a plant I've never heard of. Yeah. But it's probably good for the oxygen and very clean. Yeah, it went in my husband's office and I was like, doesn't this make it so much nicer to work every day? And he was like, yeah, I guess so. Do you have something like this that you overspent? What was the thing they said spend too much money on? That's all relative, I guess.

1:16:19Rachel Cruze:Yeah. I mean, I would say it's probably wasteful, but I do it because I like the convenience and I like valet parking at the airport.

1:16:28Ken Coleman:I appreciate that as well.

1:16:29Rachel Cruze:I do. I'm like, I don't want to be chugging through a parking garage. It's really not that bad, though. I'm going to spend a little bit more and I'm going to, yeah.

1:16:36Ken Coleman:I do the same thing.

1:16:37Rachel Cruze:That makes me feel better. Thanks, Ken.

1:16:38Ken Coleman:I'm a convenience animal.

1:16:39Rachel Cruze:Give me convenience.

1:16:40Ken Coleman:I need to get in. I say hi to a nice person who's very happy to see me. Right in the airport. That's a spending love language. Convenience. Yes. Convenience and self-care. The thing I like to spend money on with zero guilt. Spa day with my wife. Oh, my gosh. Thank you. Facial massage. Oh, no facial.

1:17:03Rachel Cruze:Yeah, yeah.

1:17:03Ken Coleman:I'm a guy. I like a great massage.

1:17:05Rachel Cruze:Yeah.

1:17:05Ken Coleman:Like the steam. Like the sauna.

1:17:07Rachel Cruze:Oh, the amenities.

1:17:08Ken Coleman:I like the mineral pool. Wow. I like sleeping in the recovery room or whatever they call that when you come out. Yeah. What is that called? All quiet. Relaxation room. Very relaxation room. I got to tell you, I like until Stacey's like, you're snoring. I do love that.

1:17:22Rachel Cruze:Sipping on your tea. All right.

1:17:24Ken Coleman:You guys are very fun. Thank you for the fun. Ask me anything questions. It's very exciting. We never get those questions. All right. Rachel, you're up.

1:17:33Rachel Cruze:Up next, I think we had actually another question from the audience. They're not going to come up to the mic though, but Kelsey, who was in the room, she submitted a question. Should my emergency fund be in a high yield savings account audience? Yes. And if so, where's one of the best places I can put that money? Oh, you guys already know where we're going with this. Well, let me tell the why behind the what first, because I think that's important. First off, yeah, for money, you want to keep it someplace liquid that you can easily get to it. So it's not invested, but you can get to it. So that's a great place to keep an emergency fund.

1:18:04Obviously, it's another place that's separate from your normal checking, because I'm the type of person, I need it separated. I don't want to accidentally spend it. So an HYSA allows it to be separate. And also it's insured, right? It's FDIC insured. So that's really great. And yeah. Yeah. We all yelled it out. Who do we love?

1:18:23Rachel Cruze:Fairwinds. Like a fourth of the audience. Fairwinds. No, but for real, Fairwinds Credit Union, you guys, they are amazing. We have started partnering with them and they are, I mean, honestly, they're a credit union, but in the banking institution, they're the only bank that, I mean, really is for you. Like they are for you getting out of debt. They celebrate your financial journey. They love the Ramsey Baby Steps and they really do partner beside you. And so they're wonderful. So they have the Smart Bundle, which is a no-fee checking account, a high-yield savings account, like what we were just talking about.

1:18:52Rachel Cruze:You can actually have up to 10 high-yield savings accounts. So if you love having different funds for different things, you know, in your account, you can see all of it. It's all right there. You can open up up to 10. And then you also get the Ramsey Beware Debit Card, which we love. It's like a blue debit card and it's wonderful, but you can use it. And Winston and I, we did, we has transferred over to Fairwinds. And I remember the night we signed up because I was like, okay, this is going to be like a, but you know, when you switch banks, it's like, it's a big deal. But honestly, we went to go sign in and it was like some documentation here, there.

1:19:24Rachel Cruze:I mean, it took me maybe eight minutes. It was so fast. And then we can connect all of the other accounts we've had to it. So you can transfer money so easily. And then I got a customer service call the next day. And it wasn't just because it was us. It was like everybody, everybody gets a call from their team. So their team, they are, they are incredible. So if you, again, need a high yield savings account, or you want to switch over your banking to a bank that really does care, make sure to check out Fairwinds Credit Union. Go to fairwinds.org slash Ramsey.

1:19:53Ken Coleman:And also do want to thank them. They are our studio sponsor. And by the way, we met so many of you earlier tonight. Come to Nashville. It was such a great experience. They're in Franklin, in Tennessee. Fairwinds is our studio sponsor and also a huge part of why we can do tonight's show. So we want to thank Fairwinds one more time. Thank them for being such a great partner. All right, now we're ready to get back to your questions. Come on down. Barb, there she comes. Give her a big hand. Yes. Oh, look at her. She's excited. I like it. Hi. Hi, Barb. Where are you from originally california but i've been in arizona for 30 years what's your question so i'll start with the question and give you some background uh well maybe the background would help i'm way beyond baby steps and i am self-made way to go bar yeah that's amazing great job thank you i'm twice widowed so when you said stand up and are you single yeah i'm single just happened last August for the second one.

1:20:56So far. No, it's cool. It's cool. Because out of sadness comes happiness. You have to pick yourself up and get going. And I had to do that, you know, I was 40 years old when I got my bachelor's degrees and I got three masters in my 50s. Completely paid off. So you can do it.

1:21:15Ken Coleman:Wow. Ladies and gentlemen, superwoman. That's amazing. So everything works because I've been doing it before I even knew about Dave. So I'm selling a house here. I'm moving to Florida to be with my daughter and her two sons, single mom. She's had it pretty difficult. And so I'm swapping houses, but I have another house that I'm selling, which will go back into that fun. And I do the things with the bank accounts where I want to switch. Boom. So my question is, Michelle's only got about 120 on her house left. She's a struggling single mom. And when I sell my second house, because the first one is for the swap, I'd like to help her pay that off so she could be debt-free.

1:22:06And I'll have the profits from my house. This is in Albatooki Foothills, if you're familiar with that. Yeah, I sunk a lot of money into bringing that up so I could sell it. so I'm wondering because I heard you say yeah don't do that for your kid but you know she's in her 40s she's been there for a while and I would like to do that for her but with the caveat that if I pay off her title I get to be put on the title just in case you want to be on the title with her because I'm going to give her no don't put your name on the title that's her house that would feel like it has strings attached because she knows that once I get this house 20 years it'll be hers because I'm 70.

1:22:45Ken Coleman:I think it'd be amazing for you to pay off your daughter's house. That to me is a very different situation than earlier. I think that's great.

1:22:55What say you? I agree wholeheartedly. It's a different situation. I agree.

1:23:01Rachel Cruze:I think it's beautiful. It's changing your family tree, right? We talk about that a lot. And what can you do? And you're not enabling her in any way. No, because I still give her some money to help with the boys band uniforms and this and that because she and she doesn't ask unless she really needs it she's saying mom i'm having trouble with the boys stuff and i'll go okay because she'll get it anyway when i'm gone so it's either now or then i guess i think because you have the money to do it you're doing so well and i when i think about grandkids i feel like that's grandparent stuff like you're gonna reach in and do things like that but that's that would be my reason behind it is you're in the financial position to do it.

1:23:41It doesn't sound like she's been in a situation where you're floating her. No, I've never, she's done well in her career. We graduated together for one of my masters. We walked down the aisle together.

1:23:57Ken Coleman:That's amazing. Very cool. It was great. So what is her income? Do you know? I'm sorry? What is her income? She's a school counselor in Florida, so she doesn't do so hot. Right. I don't know the exact number, but teachers, counselors in here. Well, the point is she's self-sustaining. She's a mama bear taking care of the kiddos. I think you're a great mom. And again, we're totally in favor of it. Don't put your name on the title. You don't want it to ever feel like strings are attached. Just, I want to do this for you, baby girl, and do it.

1:24:27Rachel Cruze:Yeah, make sure gift tax and everything with floor. Like, yeah, double check taxes and all of that. Because there is a gift tax. I'm trying to think if it gets put on real estate, but just double check. That's what I was kind of wondering if I could give her the money. Make sure, yep. And, yeah, because it changes every year, too. So depending on when you sell your home and all of that. But it could be, yeah. I would talk to a CPA. Just to double check that you're in the clear. Thank you. Appreciate it. You're a good mom, Barb.

1:24:54Ken Coleman:You're amazing. You might give Barb some love. That was fantastic. Thank you, Barb. Great job. Appreciate that. All right. Up next, please welcome to the mic, Phil. Phil, come on down.

1:25:08Ken Coleman:All right, Phil, get close to the mic. Tell us where you're from. From East Tennessee. East Tennessee? Athens. Oh, my gosh.

1:25:16Rachel Cruze:My mom grew up in Madisonville. That's where I actually live right now. Shut the front door. Are you serious? Yep. You don't meet many people from Madisonville. I plan to relocate to Arizona. Okay. We like Arizona. It's a good place. Are you out? That's why you're out here?

1:25:31Ken Coleman:You're kicking the tires? Visiting Grandma. Oh, that's very nice. Everybody, on the count of three. One, two, three. Phil you're amazing what's your question so the question is I'm about two weeks away from being debt-free for the second time I don't want to make the same mistakes I invest in real estate flip houses and I got over leveraged so I'm almost out again and I should have some money left over the market where I live came down about 20 percent so it's a lot less than I expected The question is, if you were in my circumstance, would you buy a house here in Arizona, maybe cash if the numbers work out with the sale of this house?

1:26:16Or would you rent for a while and keep the money to continue to flip houses since that's where I've been making my income?

1:26:25Rachel Cruze:I would focus on your permanent residence first before the flips. so either that is you go rent for a year in Arizona just to kind of see where you want to be which I don't think is a bad idea but you have that money earmarked for buying your personal residence and then anything above that is what I would put to the flips but yeah I would I would prioritize my personal residence before the flips okay caveat with the money if it's if I wait a year, I know you're a five-year rule, which I've heard, money market account if you're not going to do anything. If I also have been investing my money in the stock market and make doing pretty well, would you invest or just hold off?

1:27:09Rachel Cruze:Not for one year, I wouldn't. Because Trump's going to burp next week and it's going to like tank again and then like it's going to do this. And it's back up. Y 'all know it's back up? Remember when it all went down, when Iran happened? Like it's It's crazy. So no, I would not. No, too volatile right now. If you're in it, stay in it. We're going to ride it out together. Woo-hoo. It's a fun ride.

1:27:32Ken Coleman:Y 'all give him some love. That's a good question. All right, we've got time for one more question, and then we've got a really fun way to end our night. Please welcome to the mic, Erin. There she is.

1:27:50Hi Erin. Hi.

1:27:52Ken Coleman:What's your question? I'm a little nervous but I'm super excited to be here. I'm a huge fan. Again I mentioned I was from Canada so I came here all by myself just to see you guys. Canadian.

1:28:10And my two boys are at home but they're huge fans too and they're only nine and twelve but you're changing their life. Well, what are their names?

1:28:19Ken Coleman:Dylan and Riley. Can we say hi to Dylan and Riley? You got an awesome mom. Yeah.

1:28:29Okay, so here's my question. So I came here alone, like I mentioned, all the way from Canada to be around like-minded people. I listen to the show every day, literally, and my biggest struggle is feeling sort of alone at the top. I'm almost finished baby step six, which will be January 9th of 2029. But it feels kind of isolating and lonely. How do I better handle mentally being the different one in friend and family's groups?

1:29:02Ken Coleman:Could you tell us a little bit more about what you're experiencing? Not just maybe thinking that they're saying, but is there anything you're experiencing with that group of people? Yeah, something definitely comes to mind that happened recently before I came. I was telling my mom, you know, I didn't tell a whole lot of people I was coming here even, but, you know, I was trying to talk to her about her future and retirement. She's already retired, but I was trying to teach her almost some of the things that I've learned. And it's an odd dynamic when it's the daughter, you know, trying to teach the mom.

1:29:38So, you know, I can teach my sons and tell them everything and we listen to it all the time. But yeah, it's just like she doesn't want to hear it from maybe a child. So I'm definitely hearing some pushback from her of like, okay, sounds good. But, you know, and I do genuinely want to help her. And, you know, she jokes about like, just I'll live in your basement. And I'm like, I love her to death. Does she ask for the help? Like, does she ask for you to? Never, not once. but I see what could be coming perhaps down the road. Yeah, it's tough because to your point, you're the daughter and she hasn't asked.

1:30:20And so in those points, I do think it's the best way to approach that is it's really cool to talk about you, right? And say the things that you've done or the things that you've learned. And it feels a little less judgmental. And I have a feeling you're already doing that in the right ways though. because I can just tell by the way you're talking. It doesn't sound like you're walking in there saying, mom, you need to do this and you need to get your budget. Right? And then after you've said all you can say, you just kind of move on. And most people, they see us leading by example. Like they see your life, they see what's going on.

1:30:56And at some point, if she gets to that point, she'll ask and she'll say, well, what did you do? How did you do it? And you have to be cool with if she never asks. Yeah.

1:31:09Rachel Cruze:Yeah, thank you. That's great. Yeah, and I think it's hard to, what you said is so true. When you start to move past your parents from a financial sense, some people feel that spiritually, some people feel that emotionally. It's weird if you pass your parents. In any part of life, that's an odd thing as an adult child to be like, oh my gosh, I'm doing better than my mom in this situation. and your heart in it is so good that you want her to have control and freedom and set her life up well. But you cannot put a lot of energy, even if, even though it's your parent, you know, your mom or your friends or whoever, you cannot put energy into people that don't want to change on that subject.

1:31:53Rachel Cruze:So you do kind of have to surrender and just be like, this is what I've chosen to do with my life. They may choose to do it. They may not. And that's, that's up to them. That is not my thing to carry. That's not my burden to carry. But I can see the isolation part of having some fun wins financially maybe for you or hitting milestones. You're like, man, I wish I had people to celebrate this with. So I think that loneliness is very real and honest. But also, I don't think that that all has to be your identity either. We pair so much of our success or lack of success financially with who we are.

1:32:31Rachel Cruze:Even though it's a big part of our story and it's wonderful and it's great, but it's not you. That's not, that doesn't, you know, your money, your baby steps, they don't define who you are. And so I think concentrating on that end and connecting with people on things that aren't just money, you know what I mean, is great too. But that lonely part is real. And I think you just have to own that until you, unless you find someone in that community.

1:32:52Ken Coleman:I got an idea.

1:32:53Rachel Cruze:Okay.

1:32:54Ken Coleman:Erin, you hang out there for a second, okay?

1:32:55Rachel Cruze:Okay.

1:32:58Ken Coleman:So one of the unbelievable, magical things that Dave discovered years ago, decades ago, was the power of community. And we saw it come alive in Financial Peace University. My wife and I, many, many years ago now, over 20 years ago, led our first class in Atlanta, Georgia, as we were making progress. And the community that we experienced was like many of you. It was life-giving to be in the room with other people that were feeling the things you were feeling, that were thinking the things that you were thinking, that were in almost identical scenarios. And that's what made Financial Peace University special.

1:33:40Ken Coleman:And it's the community. And I'm sitting here listening to Erin. And I'm like, Erin came down from Alberta, Canada, Edmonton, Alberta, Canada, just to be in the room. she's on baby step six is that right and she used the word isolation and loneliness and you all know how hard it is to be lonely or isolated in any season of life but certainly on something that is so core to your convictions so i'm i'm gonna do something okay i want to know if and i'm starting here i want if there's anything but let me ask you this i'm making this up as i go love it When do you return? When do you go back home? I get home like early Thursday morning.

1:34:27Ken Coleman:So what time do you fly out is what I'm saying? Tomorrow night at 8 o 'clock. Perfect. That's what I was hoping you were going to say. Are there any single women in this room tonight?

1:34:37Rachel Cruze:Or men.

1:34:40Ken Coleman:I wasn't going to go there. But I'm serious. Are there any single women in this room right now that are willing to hang out with Erin tonight? Or maybe go to... Stand up. Stand up. single ladies. I want her to feel safe. This is not a dating thing. Okay. So here, here's what I want. I want you ladies, Erin, you look at these ladies, stand up ladies, look at her after the show tonight. I want you to connect in that, in that corner of the room back there with Katie. Okay. And, and these are your new friends. What's your name? Martina. And what's your name? Mariam. And your name, that's Erin. And Erin's your new friend.

1:35:18Ken Coleman:And so you all are going to either go out tonight after the show or you're going to do breakfast tomorrow. Okay. And you're going to have three new friends, three new friends who, who feel you and know you and care about you. And they're going to walk with you, even if it's long distance, FaceTime and text. Will you agree to do that? Say yes. If you do, no pressure, if you don't want to, you have an international plan on your phone. It's very exciting. Are you willing to stay in touch with her? Are you willing to stay in touch with her? Because this is what life is about. You need community. And so thank you, ladies.

1:36:01Ken Coleman:You're amazing. And so what I'm going to do to get us started is we got a little bottle of Prosecco to get the party started. So I'm going to give that to you, Erin. And ladies, thank you all. Would you all give these ladies some awesome love? Can I hug you? You're so Awesome. Ladies, thank you. That's really cool. I know I put you on the spot, but Rachel, Jade, I'm going to tell you something. It's not right for her to go back to Edmonton, Alberta, feeling like she's isolated. No, she's got three new friends now. Community. That's really cool.

1:36:27Rachel Cruze:Yes. Being with people, it's a big deal. So important. So important.

1:36:30Ken Coleman:Don't try to run this race alone. It's so stinking hard.

1:36:34Rachel Cruze:Any part of life. Yeah. Marriage, parenting, anything. Yeah.

1:36:37Ken Coleman:That was really special. Ladies, thank you for that. I appreciate you all doing that. Okay. Speaking of community. So we've been doing this on tour. We do a group debt-free scream. And so Jade is going to be my assistant here. So here's what we're going to do, okay? Here's what I want. I want, if you have paid, if you've become debt-free, okay, in the last 12 months, would you stand up? All throughout the room, stand up, stay standing. Stay standing in the last 12 months. Yeah, you can clap for them. That's cool.

1:37:09Ken Coleman:Okay. All right, here's what we're going to do. So Jade's got her calculator out. I'm going to go around the room. James is also keeping a tally and we're going to find out how much money you spent. So I'm going to point at you, you give me the number and we're going to add it up to see how much this room has paid off in the last 12 months. And then we're going to do a group debt free screen. How does that sound? Pretty fun? That was kind of weak. So do we have anybody up in the upper deck? We do not. Okay. So I'm going to start over here and we'll start right here in this row the green blue shirt right here.

1:37:43Ken Coleman:How much? Give me a number. 40 ,000. Okay. Sit down once I get your number. So sit down for just a second so I can keep track. Right next to them in the dark shirt. 80 ,000. Next. 80 ,000. Okay. Right here.

1:38:03Ken Coleman:$601 ,000.

1:38:09Ken Coleman:and your mortgage of course yeah i thought so you guys can be seated for just a second okay let's go right back there behind them 60 000 okay next to them 400 000 okay 20 000 am i going too fast are we good okay 60 000 hold the applause we're gonna do some real big thing. Okay. Right here, sir. 42 ,000. All right. This couple 60 ,000 directly behind them. 12 ,000 directly behind her 65 ,000 right behind him. 130 ,000 ma 'am right here. How much? 50 ,000. Okay. Uh, right here. 12 ,000 way to go right here. 75 ,000, 5 ,000, right back here. I'm so sorry. In the middle, 27 ,000 who I'm getting there.

1:39:07Ken Coleman:Who did I miss right here?

1:39:12Ken Coleman:Oh, that's fun. 40 ,000 there. Okay. Is that everybody in the last 12 months right here? 122 ,000. We added it. That was a nice number. Okay. If you just gave me a number, stand up. if you just gave me your number, stand back up. All right. This is very exciting. And what's our number? Drum roll. Everybody, drum roll. 1 ,981 ,000. Wow. 1.9 million. Almost 2 million. Almost$2 million. That's wild. That's crazy.

1:39:46Rachel Cruze:Okay. Can we do, can we add in more people? Okay. If you're just debt-free in the room, stand up. If you are debt-free, not to be this past year, just in general.

1:39:54Ken Coleman:Everybody.

1:39:54Rachel Cruze:If you've paid it off.

1:39:56Ken Coleman:Fantastic. Okay. You guys know what to do. Do you want to count? I feel like you should count it down.

1:40:01Rachel Cruze:No, I think we all count it down.

1:40:02Ken Coleman:We all count it down.

1:40:02Rachel Cruze:As an audience, right? Okay.

1:40:03Ken Coleman:All right. Here we go. What's our number? 1 ,985 ,000. Plus a whole bunch more from a whole bunch more of debt-free people. We're going to do it together. You guys know how to do it. Three, two, one. We're going to do it.

1:40:31Ken Coleman:That is so great. You can be seated. All right, before we let you go tonight, we've done this at every city, and I want to start with Jade. And I just want you, from your heart, to share a word of encouragement. What's on your heart and mind for these fine folks tonight? I'll just tell you guys my life verse, Galatians 6 9 don't grow weary in doing what is right or don't grow weary in well-doing because at the right time you'll reap a harvest of blessing if you don't faint if you don't give up and I know there's a lot of people in here scrapping and and and just grinding right now and and it feels thankless and the road feels long and you wonder if you'll make it and you wonder if it'll be worth it on the other side when and if you make it I'm telling you it's worth it I'm telling you, you will make it to the finish line.

1:41:21I'm telling you to hold on. I'm telling you to just keep doing your best. Keep grinding it out. There will come a time where you cross the finish line and there will come a time, and I want you to imagine it tonight. I want you to take the time to just lay in your bed and go, think about what it's gonna feel like when the debt is gone, when the money is saved, when the mortgage is paid, and just let yourself sit in that for a while because the time will come. and when the debt is gone, it's gone. You never think of it again. It's just poof. It's a wonderful feeling and I promise you, you will get there.

1:41:56I'm proud of you guys.

1:42:03You know, I think of the most impactful words

1:42:07Ken Coleman:I've ever heard Dave say. I mean, I just think it had to be anointed when he first came up with the idea or I've never asked him. I think I need to ask him if he thought about it ahead of time or it just came out one day on the air. I actually don't know. But it's this iconic phrase. If you live like no one else, later you can live and give like no one else. Unbelievably profound because of the sheer focus that I think it gives people. And so I'm just going to follow along with Jade here and say that I think those words that you've heard Dave say over and over and over and they're burned into your conscience.

1:42:43Ken Coleman:Don't let them become ritual. I think it really is the key. Because what Dave figured out is on the other side of the baby steps and all of the tremendous work and the shortcomings and the stalls and the restarts and all the things, he realized that the power of that phrase was the live like no one else at the end of it and the give. Because it's just something about the human spirit. We long to give to each other. We long to make our mark in this world. Nobody has to teach us that. It's hardwired into our soul by our creator because he gave. And so I would just encourage you to take those iconic words and let them be an anthem.

1:43:29Ken Coleman:No matter where you are to say, on the end of this deal, I am going to be able to live like no one else. And Rachel said it beautifully tonight in the advice to her 23-year-old self. I'm looking at some beautiful people here, and all of you have a different version of what live like no one else looks like on the back end of that. And I would hold on to that dearly. That's your why. And it is powerful. It will pull you through all the stuff you're going through. For those of you that made it, spread the word, spread the good news of what it's like to live and give like no one else.

1:44:09Rachel Cruze:Yeah, money is such a, it's such a fascinating topic because I feel like it's one of the topics in life that can bring so much guilt and so much shame on one end of the spectrum. And then yet on the way other end of the spectrum, when it's seen in a healthy way, and it's not an idol, it's not the thing that's the end all be all, but it's a tool in our lives to change our family trees, to bless the people around us and do what we have to do, right? Money's powerful. And it's only really powerful and used for good when it's put in the hands of people. who choose to use it well. And to be in a room, honestly, and we feel this all over.

1:44:48Rachel Cruze:Like when we go to all these different states and all these different cities, like it really is incredible, you guys. You know, you can watch the news and hear all the jabber about what's going on, but like y 'all are it, like we're it, right? I mean, there's people like you everywhere who want to create solutions for their lives in a subject that's really hard. And you know the secret that it's you that's gonna do it. No one's coming to save you. You've chosen to do something well with your life that's well beyond money. It's a legacy play. It really is for your own family, for the people around you.

1:45:21Rachel Cruze:And so we are just encouraged by you. The hope that we see in rooms like this all over is just amazing. It really is. And so we are your cheerleaders. We are, yes, on this specific stage and these lights, but you all and the lights out there, like you're the heroes, you're doing it. and the fact that we get to walk beside you in your journey and hopefully cheer you on is a pleasure. And we love what we do. We love you all and keep up the hard work.

1:45:51Ken Coleman:Arizona, you've been so great on behalf of Dave Ramsey, Rachel Cruz, Jade Warshaw and our entire crew that is here tonight. Thank you all for being here. Have a wonderful evening.

1:46:02Rachel Cruze:Thank you guys. Thank you.

1:46:09you