You Don't Have to Stay Stuck

24:34Dave Ramsey:Good. So no vehicle loans. So you'll be free at that point. And now the trick is, again, to be doing your every-dollar budget, and the two of you be very intentional and careful with the margin that you do have because you're squeezed, and when people are squeezed, they end up going, well, the car broke, and I had to buy a car, and I wanted to go on this trip. I really wanted to go on this trip. These are the people that call us later, and they've got a mess on their hands. You know what I'm saying? Yes, sir. But, Braxton, from your numbers, you guys should have around$7 ,000 after the mortgage is paid.

25:07Is that right? Yes. Yes. Okay. Which, up until now, recently, when we buckled down and started doing y 'all steps in order, We wasn't kind of really tracking that. I was just kind of moving money to the savings here and there as I felt. But now we're actually keeping up with it, and that's a lot. That's real accurate, what you just said. Good. Okay, that's great. Perfect. And that should be plenty. Yeah, absolutely. For sure. For sure. And your income will continue to go up.

25:34Dave Ramsey:Laurie is in St. Louis. Hey, Laurie, how are you? Doing well. Thank you so much for taking my call. Sure. What's up? I am 61. My husband's 62. We both work. My direct question would be we had to take out a HELOC within this last year. The amount that we could charge or whatever to that is$30. We did not want to do that. We just wanted to do the necessary things, which equals right now about$16 ,000. We pay, obviously, on the interest. It's$7.25, and I always pay some extra. beside the HELOC we have a car loan approximately 19 ,000 left we bought the car used a year ago that is at six percent since those two amounts are fairly close I have just discovered you and your show about a month ago I have already paid off our small amount of credit card debt that we did have I told my husband let's take our cards out of our wallet we're not going to use them anymore.

26:38Good for you. I got the EveryDollar app last week. I put in all the numbers. I even wrote it on paper just to make sure I got everything in there correct. And we do, we live very simple. We have a small, very small 900 square foot home and it's just him and I.

26:57Dave Ramsey:Is the house paid for? No, he just bought the house 10 years ago, right before we got married. It's my second marriage. What's your household income? We bring home about$3 ,600 a month. That is both of us working. We did make a little bit more, but a few years ago I was diagnosed with lupus and fibromyalgia, and so it really limits what I can do. However, I do clean for a living now, and so I have some businesses and a couple houses that I take care of, and he helps me. He works full-time at a music store, and he also plays to make extra money. So to answer your question, they're both$19 ,000.

27:41Dave Ramsey:Which debt goes first, it doesn't matter. They both need to go away. And so just pick one of them and attack it, whichever one. I want to get rid of the highest interest rate or I want to get rid of the highest payment. I'd probably want to get rid of the highest payment first because then that frees up that payment to attack the other one with. But, you know, and I'm going to sit down and go, okay, how much extra work can we both do to add to this$3 ,600? Because that$3 ,600 number is low. That's scary. Sure. And we've got to get that number up because we've got$38 ,000. We've got to clear here.

28:18Dave Ramsey:And if you only do$1 ,000 a month, that's 38 months. Sure. Yeah, that would be hard to put$2 ,600. or 2 ,600. Laura, do you guys have retirement? No. No, look, if I would have discovered your show and been a lot smarter earlier in life, I got taken by my ex-husband quite a bit. It was a horrible marriage, and he didn't put me down. We had our own business, and so he really messed me up for even Social Security. Okay, so that's exactly what we would do then. We would tell you to attack those two debts, pick one, attack it with a vengeance, Increase your income any way you can that's reasonable.

28:57Dave Ramsey:And then I'm going to add one more thing. Okay, you're new to all of this, all right? Sure. But the language that you used around the car purchase and the HELOC, you need to go revisit that place in your heart. You made it sound like there was no other option except doing those two things. And I don't even know what you used the HELOC for. unless it was to save someone's life, you over-dramatized it when you presented it to us. Yeah, well, the chimney was crumbling and the roof was falling apart. You're broke. You don't need a$19 ,000 debt. You figure it out next time. No more debt. Yep, no more debt.

29:37You've got to stop.

29:37Dave Ramsey:You can't have a big enough reason ever again to buy a car or fix a crumbling chimney. Ever again. It's got to be with cash. I agree. The other part to this, my brother, my only brother, had died about four months ago. He did have life insurance, thank goodness. I took care of him and what needed to be done. And then out of that$25 ,000, I put in a CD. How much is that? $25 ,000. Should I pull that out? Yes, you ought to pull that out and pay off one of those. Which of the$19 ,000 are we going to pay off? The HELOC is$16 ,500 and the car is$19 ,000. Okay, which one, what's the payments? The HELOC is 7.25, and I only pay on interest, but I also pay more.

30:24Pay the car off.

30:25Dave Ramsey:Pay the car off. Pay the car off rather than, okay. And then attack the HELOC and do that today. But the big thing, Laurie, is you have to rewrite your money script. Like when you said pull the cards out of the wallet, that was awesome. That's a rewriting your money script. I don't have to live credit cards. I don't have to use debt to fix a crumbling chimney next time either. We've got to fix that because otherwise you'll go right back in.

31:10Dave Ramsey:Let me tell you something I see happen way too often. People fall behind on their bills and they wait. They hope it will work itself out. It won't. That's why I recommend Guardian Litigation Group. Here's the deal. If you've missed payments, collectors are calling, or if you're getting letters threatening legal action, that's not something to ignore. That's the moment to deal with it. Because when you do nothing, it escalates. They can take you to court. And if you don't respond, they can win by default, and that gets expensive fast. Guardian Litigation isn't a call center. They're an actual law firm.

31:44Dave Ramsey:From day one, you're assigned an attorney to represent you. So if things do escalate, you're not scrambling and you're not hit with surprise legal fees. Guardian litigation only gets paid when the debt is negotiated and you accept the settlement offer. This isn't about shortcuts. It's about dealing with the problem before it gets worse. Go to guardianlit.com slash Ramsey today. That's Guardian, L-I-T dot com slash Ramsey today. Attorney advertising. Results may vary and no specific outcome is guaranteed.

32:31Dave Ramsey:One of our favorite things is when someone sends us a note sharing how every dollar is working. Lady says, love this app. It makes it super easy to budget with my husband. We've implemented this practice since our wedding day, and we've had zero money fights. Oh, that's impressive. Because there's full transparency, and we're on the same page. Hey, guys, that's amazing. If the number one thing we fight about is money, and we can solve that with the EveryDollar app, boom, boom, one less thing, as Forrest Gump said. Go download the EveryDollar Budget app for free in the App Store or Google Play.

33:05Dave Ramsey:Andrew's with us in Nashville. Hi, Andrew. How are you? Hey, Dave. How's it going? Better than I deserve. What's up? Hey, so my question for you is I have this urge to go buy a new car. I've listened to your show a lot. I know it would be very dumb to go really finance anything, especially something like$30 ,000 or whatever. when I'm driving a car that works, it gets me from A to B. I've been paying some personal loan debts off payments between family and one from the bank. The one from the bank was to clear my credit card debt to get rid of those. And I'm real close, about$4 ,000 to paying those off.

33:53Dave Ramsey:Good for you. And my catch is I could just go sell my car for about$5 ,000, get rid of those payments, and then, you know, pay like, you know,$300,$400 for a new car, but then that's extra debt tacked on. And it's just something I've been struggling with. Yeah. How old are you? I just turned 30. Okay. And are you single? Yes. What are you driving now? Now I drive a 2011 Acura to TSX. It was my parents' old car. Yeah. Okay. The hand-me-down car. Yeah. What do you make a year, Andrew? So I'm a server. It's hard for me to say, like, this is my salary because I just get paid every day. But I have my budget, and I'm able to at least pay all my bills and my debts.

34:45I mean, what do you typically take in a month? About$3 ,000.

34:50Dave Ramsey:Okay. All right. Cool. All right. Well, I think your question is a little bit philosophical as much as it is actual, you know, what to do type of a question. It's like, you know, I'm really tempted to buy a new car because I'm driving a hand-me-down car. I'm a server. I'm tired of driving a hand-me-down car. And I'm about to clear my debt, so I feel like, you know, I'm knocking it out here. I feel like I'm, you know, I could knock that out by selling my old car and get out of debt faster in a sense, but then turn around and go back in 20 times more debt. so a couple things come to mind when I'm dealing with any kind of thing and I'm trying to learn discipline that I don't already have discipline is a thing that you practice you have to you have to have some little wins and you practice it and if you do it a long time it becomes a habit and then you don't have to think about it anymore it's autopilot then okay and so one of the one of of the ways I changed because I had the same tendency when I was your age that you have, was I had to start, one of the disciplines I said was, okay, one of the things I learned from wealthy people is wealthy people make decisions based on how it's going to feel 10 years from now.

36:05Dave Ramsey:Poor people make decisions on how it's going to feel today. And so, you know, poor people go, thank God it's Friday, oh God, it's Monday. and rich people involve themselves in a career or a business where they're thinking long term. So the way that would translate into your situation is you say, all right, I'm going to ask the 10-year from now version of myself if this is a good idea, and he's going to cuss me out and say it's not, right? The 10-year-old, 10-year, you said you're 26 or what did you say? 30. 30, you're 30. So you're going to ask the 40-year-old Andrew, is buying a$30 ,000 car when you make$3 ,000 a month as a server a good idea, and the 40-year-old Andrew is going to cuss you out?

36:53Dave Ramsey:Isn't he? Isn't he? I mean, you know it's stupid. But I just ask myself, in other words, is this a good long-term play? And if I gauge it, most money things that are smart hurt in the short term and are awesome in the long term. and most money things that are dumb feel good in the moment but are dumb in the long term, which is buying this car. It'd feel good right now to have a better car and be rid of the debt all in one fell swoop, but you've got a bigger debt, and it'd feel good right now, but long term it's dumb, and you know that. You said that. You're just asking how to process it in your brain.

37:34Yeah, and the car's always an interesting place for people, especially because it almost becomes our identity. Like the thing that you drive makes you feel a certain way, makes other people think about you in a certain way. And so there's a deep level of humility, more Andrew and wisdom to say, I'm going to drive the paid off 2011 Acura.

37:58Dave Ramsey:Hand me down. Hand me down. Versus getting my ego boost a little bit in a nice car, pulling into the parking lot and feeling good. but you would be the classic example of, you know, you'll look like you're doing great, but then you actually open up the finances. You're like, oh, you make in a year what that car is, what it costs. And you can't, and you couldn't afford it. You know, you don't own it. It's what they call in Texas, big hat, no cattle. Yeah. So there's a, there's a part of that contentment piece, Andrew, that's so big with winning with money long-term. And I guarantee you, if you say to yourself, you know what, everything in me wants this.

38:35And it makes sense why I totally get it. But I can't afford it. I don't make that kind of money to go and buy that kind of car right now. So I'm going to say no to myself now. I'm going to make it a goal to buy something in the next five, six years. And then I would have a career conversation with yourself too, Andrew, to think, okay, the 40 year old me, what do I want to be? What do I want to do? Ken Coleman's book, find the work you're wired to do is amazing. And actually, if you hold on the line, Andrew, Christian will pick up and we'll get you a copy of that because there's an assessment in the back of that book that really helps direct people from a career aspect.

39:12And that's what I would want for you, Andrew. I'd want you to be 40, killing it, paying yourself that car payment right now to save up cash for a car so that you can be doing other things with your money instead of giving your money away car payments and an asset that's going down in value and paying interest on it, all of the above.

39:29Dave Ramsey:Exactly, exactly. Exactly. So, yeah, just, you know, it kind of goes with a study that I read a long, long time ago when I first got on the air. And I've seen I've seen new versions of the research, but not not in detail. But they in the study, they asked people what, you know, what it felt like to delay pleasure. And what they found was this high correlation between people that were able to build wealth and those that are able to delay pleasure. and scripture says godliness with contentment is great gain in that contentment causes great gain now that could be great gain in your soul and peace it actually could be in your wallet that being content keeps you out of debt being in content keeps you in the position to save being content allows you to be generous these are all things that are precursors to building wealth So contentment is actually probably the most powerful financial principle for wealth building that there is.

40:36Yeah, because there will always be a newer, shinier, bigger, better thing out there.

40:41Dave Ramsey:A hundred percent. And if you keep chasing it and keep chasing it, the finish line moves. And that's where the money and identity piece is always fascinating. When you kind of start to pull that string, how much of our identity is wrapped up in our income, what we have, what we spend. There's so much in it. And when you eliminate all that and you just press pause, it makes you actually deal with yourself. Just breathe. It makes you deal with yourself more than anything. And I think that's a healthy place to be because unhealthy people that build a lot of wealth. I saw your post the other day and I loved it.

41:17Dave Ramsey:Was that if I buy this and no one ever sees it but me, do I still buy it? Yes. And so in other words, who is it we're buying this for? and so I used to buy a lot of stuff for other people to see because I was a shallow little twerp, and I was all worried about the way, you know, you looked at the car I drove or the suit I wore or the watch I had on or whatever, and I have this fabulous benefit of having gone completely bankrupt and broke, and it burned with a hot fire, a refining fire, all of that out of me to the point that I really just don't care at all what you think now. And that's actually a precursor to building wealth.

42:01Dave Ramsey:Mm-hmm.

42:21if you've worked hard to keep your car running the last thing you want is stress when you're running the kids all over to summer activities or loading up the family for a well-earned vacation That's why I trust Christian Brothers Automotive. Listen, most people don't worry about their car just because it's older. They worry because they don't feel confident about what's happening under the hood or who's working on it. And that kind of uncertainty can turn a simple trip into a stressful one real fast. But Christian Brothers is different. They use digital vehicle inspections so you can see what your technician sees, know what needs attention now and what can wait and make decisions without the pressure.

43:00That's how you protect your time, your money, and your travel plans. And Christian Brothers stands behind their work with the nice difference warranty. Three years or 36 ,000 miles, whichever benefits you more. So before your next trip, take care of the car that's taking care of you. Go to CBAC.com slash Ramsey to schedule your service and get 10 % off your visit. That's CBAC.com slash Ramsey, 10 % off, up to a$250 value. See stores for details.

43:36Dave Ramsey:Welcome back to the Ramsey Show in the Fairwinds Credit Union studio. Bill is with us in Birmingham. Hey, Bill, how are you? Hey, Dave. Thanks for taking my call. Sure. What's up? I need some advice on taxes as far as getting advice from a tax expert or a tax person. It seems like my tax bill keeps going up and my income is staying the same. And so I didn't know if I needed a tax pro or just a financial advisor. Well, I guess it depends on where your money is coming from. What is your income coming from, investments or from working? It's, well, I'm retired, and I draw about$26 ,000 a year. And then my wife draws a pension, but she also works part-time.

44:50And what does she make? She makes about$60 ,000 a year.

45:02Dave Ramsey:Okay, so you've got an$86 ,000 household income? Yeah, and it's a pension of about$20 ,000. So our total is about$110 ,000. Okay. All right. I don't think in the last few years on that income that your taxes should have increased. They should have decreased. The changes in the income tax system under President Trump have been favorable to people in your situation. You should have been paying less taxes. Well, that's kind of what I thought. I have used just a mom-and-pop tax service for almost 15 or 20 years now, and they have just retired, so I'm going to look. Yeah. If you want to know who we recommend, that's very easy.

45:59Dave Ramsey:We've got endorsed local providers in the tax world, people that we have vetted and we know that they're good and they have the heart of a teacher. And when you sit down with them, I don't want you to just ask them to do your taxes. I want you to ask them to teach you what it is. Why is it that my taxes went up? I don't think they should have. Would you all look at that with me? You may be able to go back and file some amended returns in the past and get some of your money back. Yeah. What was the increase, Bill, for you? Well, right now we're paying annually about$11 ,000 a year in taxes. It doesn't sound that far off.

46:42Dave Ramsey:And so if it increased, it didn't increase a lot then. I mean, it may have increased$1 ,000 or$1 ,500 or something. Is that what you're saying? No. It's gone up. Well, I know I had to write off some stock loss, but even still, it's gone up at least$5 ,000 to$7 ,000. Or, no, I'm sorry, about$4 ,000 over the last... Well, I mean, I think you probably could get into your exact income and where your income's coming from and what write-offs you had. And there might have been some changes in your income sources that caused that. It could be that your tax people were a little bit lazy and weren't watching.

47:36Dave Ramsey:So having some new people look at it is not a bad thing. But as you're doing that, I want you to be learning. So when you sit down, when I sit down with my tax pro and I have one and I'm filling out the stuff, I'm, you know, we're getting returning returns. I'm always asking, OK, how did we get this? Where did this come from? Why is this doing that? And I want to understand I'm not going to be a tax pro. I don't want to learn it that much. I hate I hate this stuff. It pisses me off every time I do it. Winston does that. Gets mad. No, gets into all the detail. He likes it. Yes. thrives. And I'm like, oh, please do it for me.

48:13Dave Ramsey:But yeah, you need to understand it enough to know why this happened. And you go, oh, well, we didn't have this tax write-off on the stock loss. Or we did have that year and we didn't this year. And so you need to know what's going on and why you've got that situation. And it may just define why you're mad, but at least you'll know what's really going on. And you know it's not, The unknown is what kills you. So go to RamseySolutions.com, click on Tax Professionals, and we've got a list of professionals that will sit down with you with the heart of a teacher, and they're going to do stuff consistent with what you hear here on the air, and interview them like you're hiring someone, because you are, and make sure you are actually that they don't sound like Charlie Brown's teacher to you.

49:00Dave Ramsey:You know, wah, wah, wah, wah, wah, wah, wah. It needs to make sense. when you meet with them, you need to know something that you didn't know before you met with them. That means they have the heart of a teacher. CJ is in Tampa. Hi, CJ. How are you? Hey, Dave. Rachel, how are you guys? Better than we deserve. What's up? So we are projected to finish Step 2 in September, Step 3, and probably November. But my question is about Step 5. We have a fifth grader and a seventh grader, and I'm curious if it's too late to start a traditional 529 for them, or should we just start putting money into a high-yield savings, or how should we handle that?

49:48No, I mean, the seventh grader will have still probably six years, right, that the money could be in the market for growth. So I would definitely say, no, it is not too late. Yeah, 529 is still a great option at that point because of just the tax advantage, everything that comes with it for college. And so there's still plenty of years for growth in it.

50:08Dave Ramsey:The 529, the only benefit to it is that it grows tax-free. The growth is tax-free. So, I mean, if it grows$10 ,000 and you get that tax-free instead of paying$3 ,000 in taxes on that$10 ,000 growth, then, you know, that's what it made you. It made you$3 ,000. And that's probably what we're talking about. It's not like it's going to save you$30 ,000. But, you know, it does grow tax-free. And if you're going to use it for college, then you're there. Yeah. And, no, I would not use a high-yield savings account. And I would use, even if you're not going to put it in a 529, I would use something like just an S &P 500 index fund in that case.

50:48Dave Ramsey:Or get a brokerage account with a SmartVestor Pro and just start dumping some money in some good mutual funds. And let's get that thing growing. The big thing is get it growing. And then the 529 only answers the question is, is the growth taxed or not? That's the only benefit. Yeah, but in six years, obviously we can't predict the market. This year is not doing as great. But the last couple of years, I mean, if you get any great years of 20-something percent returns. Yeah. You're going to see that money grow. It's great. That's not a normal year, but we've had several of them in a row. So, you know, if you had not been in the market for the last five years and instead been in a high-yield savings, the difference would be huge.

51:25Didn't we add it up? Wasn't it like 100 %?

51:28Dave Ramsey:It's 100 % growth in the last five years. Yeah. Your money would have doubled in the last five years if you were in the market versus in an HSA, you would have made 4 % or HS, high-yield savings account. So, yeah, yes, I would use a 529, but the main thing is get it in some good mutual funds and get it growing. That's the main thing.

52:24Hey guys, George Camel here. Two things you should know about me. I love a good movie and I hate overpaying for things. An Angel just checked both boxes. They've got a new movie called Young Washington, the story of George Washington's early life as a soldier before he became a founding father. And whether you're a history buff or not, this was a gripping, entertaining thrill ride of a prequel to the guy on the dollar bill. I was on the edge of my seat the whole time. Now, here's where the math gets fun. A premium Angel Guild membership is normally 20 bucks a month, but as a Ramsey fan, you get 25 % off.

52:56So it's just 15 bucks a month. And that membership gets you two tickets to Young Washington in theaters, along with tickets to future Angel theatrical releases and access to their family-friendly streaming library. Two free movie tickets every month. I ran the numbers. The membership basically pays for itself before you even touch the popcorn. So get the deal and go see Young Washington in theaters this 4th of July to celebrate America's 250th birthday. Sign up at angel.com slash Ramsey. That's angel.com slash Ramsey.

53:38Dave Ramsey:Bob is in Houston. Hey, Bob, how are you? Better than I deserve, Dave. Good. What's up? So great to talk to both of you. Quick question. Newly married, we are baby step millionaires. We are debt-free, and we're getting ready to change our lifestyle. We want to buy a catamaran sailboat and move on to it and live on that. I was wondering if your house principals with 25 % of your take-home and a 15-year mortgage or less, we're hoping to pay it off in five years, if that still applies to even though a boat's a depreciating asset. No, a boat's a toy. And, no, I would pay cash for it. You've got the money to buy, don't you?

54:19Sounds so fun, Bob. Where are you all going to keep the catamaran? Or where would you? We're going to use the East Coast as our thermostat and be in the Florida and the Bahamas November through March. And then as it starts getting hot, start moving north. and then when it gets hotter, we'll move further north. That's so fun. Such a good life.

54:34Dave Ramsey:That is so cool. I may stalk you and just show up. So what is your net worth? Hey, Bob, what's your net worth? Our net worth is right about$3 million. Okay, and what's the catamaran cost? $650. Okay, and what are you going to do with your present residence? Well, what I've learned with the marine mortgage industry is they will not give you more than$100 ,000 if you don't own a home because it's very difficult to evict. That wasn't what I asked. I asked what you were going to do with your house. We are going to keep it for like six months so we can get the loan, and then we are going to liquidate it once the mortgage company is satisfied that we don't have a house anymore.

55:11Dave Ramsey:Why don't you just sell it and pay cash for the catamaran? Well, because the timing, and we want to get the boat this November, and we have a kid in school until next June, and so we are going to have the boat and the house at the same time for about six months. How old are you? 52. 52. Oh, wow. Well, could you just... I'm going to continue to keep working. Could you just pump the brakes for six months, get the kid out of school, sell the house, and then... Yeah. I think the Bahamas is great in July, Bob. Well, no, then it's hurricane season. We've got to be further north than that. Oh, okay. Sorry.

55:53I don't know my meteorology. And it's about a six-month refit when you buy the boat to be a home where you've got to put solar panels on it and a water maker. And so that's going to take some time. That's why we can live in our house while we're working on the boat. You could live in anything when you're working on the boat.

56:09Dave Ramsey:That is true. And it won't take six months either. Listen, you called Dave Ramsey and Rachel Cruz. You knew we weren't going to tell you to borrow money on a boat. So I'm just trying to figure out a way to help you live this dream. The dream is cool. I want you to live the dream. I just want you to pay for it. He had a legit reason, though, thinking this is going to be their primary home. It's not. So, I know, but that was... It is. I know, but it's not. It's a boat. Okay. I mean, it's a catamaran, and it's good. I'm glad you're doing it, and I want you to go do it. But I just want you to sell your house.

56:41Dave Ramsey:I want you to pay for it. You don't have liquid assets enough to pay for it other than their house, though. Is that right? We have about$250 ,000 saved up, so we're going to put quite a bit down. That was not what I asked. You avoided my question. I said liquid assets that are not in retirement. Can you liquidate some stock or some stuff that you're trying to hold on to and just pay cash for it? No, it's all an IRA and 401k. Okay, and you can't get to it enough to pay for the boat unless you sell the house. Is that right? Correct. Okay, because you're not 59 and a half. Hey, and I will just throw out this, Bob, not to be a Debbie Downer on any of this, but because you guys are, I mean, you're 52, and maybe the catamaran life is the life for you, and that will forever be.

57:23But there is a good chance at like 65, you know, you're like, oh, wow, we may want to be home and have a home and all the things. So just be thinking of home ownership in the back of your mind at some point in your life, that that probably will be a reality. Yeah, no, we are fully planning on that. Okay, cool. With grandkids and family. Yeah, yeah, yeah. Okay, perfect. And we're going to be stocking cash away. Beautiful. Are you retiring or are you going to continue to work from the catamaran? No, I'm going to continue to work. My wife can work remote, and I'm an airline pilot, so I'll be flying off the boat twice a month.

58:01Dave Ramsey:What's your household income? $600 ,000. Yeah, very good. Well done, Bob. You know, we say not to be jealous of people, Bob. Rachel's ready to sign up. Rachel wants to sign up for your life right now. I love an adventure. That sounds so fun. What an adventure. Way to go. I'm proud of you. But you've got to pay cash for the boat. You ought to do this, but I'm not going to tell you to borrow money to do it. Yeah, sell the house and live in an apartment for six months. Yeah. I mean, just so you can cash flow at all. Not worry about it. Airbnb or whatever. You've got the money. You make$600 ,000 a year.

58:36Dave Ramsey:I think you can figure this out. But, yeah. Part of the adventure is the relocation before you move on to the boat. You're selling the house, and you're going to relocate for six months in the same area. And, you know, have an adventure. Go rent the penthouse at the Four Seasons. I don't care. I'd rather do that than borrow money. And so, you know, let's just pay cash for it. And then, yes, I would go do this deal. Thanks for the call. One thing about the Ramsey Show, we're consistent. Mary is in Chicago. Hey, Mary, what's up? Hi, Dave. Hi, Rachel. Thank you so much for taking my call. Sure. How can we help?

59:19so my husband and i just had to replace our entire hvac system on the house we just bought in the fall and that wiped out a little bit more than half of our emergency fund you get a home inspection in the fall when you bought that house we did we we did expect to have to replace it uh we knew they were old why didn't you save for it you know we thought we could get a couple more years out of it. Everything seemed to be working fine, but it could not keep up with the Chicago heat wave that we had.

59:53Dave Ramsey:Okay. All right. Just curious. Okay. All right. So you used your emergency fund to replace the heat and air that we knew was on its last leg when we bought the house last fall. Okay. But that's why the emergency fund is there. That's why it's there. So you cash load it. It's great. Yeah. Okay. And then what? So now we're wondering if we should pause our retirement investing or part of it. How much did you deplete the emergency fund? How much money did you pull out? About$20 ,000. And what's your household income? Our household income is about$280 ,000. So you could put that back pretty quick without stopping your retirement, couldn't you?

1:00:31Well, we run a really nitty-gritty budget. No, you don't.

1:00:35Dave Ramsey:You make$250 ,000 a year. We do. You can find$20 ,000. Well, I can find about$4 ,000 a month right now. Okay, so in five months you've replenished it. Yeah. Yeah. Yeah, you'll be fine. Yeah, I would do that, but I still think you can do more. I think you can do it faster. This is an emergency. Okay, well, that's our question. Right now we're maxing the 401k and doing somewhat of a mega backdoor as well. Okay, no, we tell women, your home's not paid for. No, but we're trying to get to the 15 % of our household income. So the question was, do we just maybe pause the back door? If you want to, that's fine.

1:01:24Dave Ramsey:But I would rather you just cut some of your stupid lifestyle and just put the emergency fund back rather than miss out on the investment. You guys bring home, what, probably$12 ,000 a month, Mary? Take home after taxes? Well, take home after taxes is 18. Take home after investment and medical and everything is 13. It's 13. Okay. So, I mean,$5 ,000 a month puts us back in four months. $4 ,000 puts it back in five months. I would do that before I stop the investments in this situation. and in the future when you get a home inspection and they say that the heating and air system is old and is likely to live long, go ahead and start planning for that because that's not really an emergency.

1:02:12Dave Ramsey:That's really a lack of planning. And so, you know, if you buy a house, you've got a whole heating unit on it, you've got to get ready for that. You know that's coming. You accepted that when you accepted the house. And so in the future when you see something like that, Build a sinking fund, get ready for it so it doesn't sneak up on you because it really shouldn't sneak up on you. Well, they probably thought they still had a couple years is what she said. That's what she said, yeah. That's how I would feel. But they save nothing towards it. Well, they're doing their emergency fund and retirement and they got stuff moving and shaking, you know?

1:02:44Mary, you're...

1:02:49Dave Ramsey:Either way, put the emergency fund back as quick as you can, kiddo. We're going for another talk. Thank you.

1:03:25Thank you.

1:03:30Dave Ramsey:Health insurance is confusing on purpose. You call one company, get transferred three times, sit on hold for 45 minutes, and end up more confused than when you started. That's why I recommend Health Trust Financial. They're health insurance advisors who actually get to know your situation and help you find the right coverage for your life and your budget. health care needs change as your life changes. Maybe it's a job change, the birth of a child, a new diagnosis, or you're just trying to have more margin at the end of the month. No matter your situation, Health Trust Financial shops multiple top-rated insurance carriers and helps you understand what you're actually buying.

1:04:18Dave Ramsey:I've trusted Health Trust Financial for over 20 years because they help Ramsey fans make smart health care decisions. Go to HealthTrustFinancial.com today and talk to a real person without pressure or confusion. That's HealthTrustFinancial.com.

1:04:56Dave Ramsey:Well, we wish we could get to every single call and question here on the show, and we can't. If you've got a money question or a question and you want an answer to your situation, head over to our website and use Ask Ramsey. Ask Ramsey is our free AI tool that is built and trained only on Ramsey content. All the data in it that it's searching through to answer your question is all this show, the books we've written, the articles we've written. It's all Ramsey. There's no Reddit mixed in there to screw up the answer. You'll get an answer the same way we'd answer it right here on the show. Ask your question for free at RamseySolutions.com at AskRamsey.

1:05:38Dave Ramsey:Or click the link in the description if you're listening on podcast or YouTube. Austin is with us. Austin's in Cincinnati. Hey, Austin, how are you?

1:05:50Dave Ramsey:austin did i push the right now there he is now i pushed the button i missed it okay what's what's up how's it going better than we deserve how can we help good i uh i just finished your book build a business you love yesterday and i'm three years into a home repair and light remodeling business i started and i think i'm chronically stuck in the treadmill operator face I seem to have a hard time if I can keep up with everything in the field the business side falls back and then if I keep up with the business side I can't keep up with everything in the field so my question is do you think it would be a good idea for me to specialize more in one specific targeted area and then what proper steps would be to move towards that if so man you are in great shape congratulations what a wonderful career feel.

1:06:43Dave Ramsey:You're making money, aren't you? You're working your butt off, but you're making money, aren't you? Yeah, there's a lot of business. Yeah, there's a lot of business. Good for you. Proud of you. Good stuff. Thank you. Well, as you read, there's five stages to business, and the first stage is the treadmill operator stage. We all start there, unless you start with venture capital or something, but most people start at the treadmill stage, and that's where you do everything. You're the CEO, the chief everything officer. You do everything. I mean, And you drive the nails and you write the invoices and you do the estimates and you fix the flats and you move the chairs, everything.

1:07:19Dave Ramsey:You do everything because you're the whole thing. And at that point, there's no shame in that. It's kind of invigorating, actually, because you're really important because if you don't work, nothing happens. And so it's all up to me and I can get it done and you're knocking it out and you're stacking some cash and life's good. The problem is that if you don't work because you're hurt or on vacation, you're unemployed. because you're the only producer of revenue and the only producer of the service that produces the revenue. And so in a very real sense, you just own your own job. And by the way, you're working your butt off too.

1:07:56Dave Ramsey:Right. And you're exhausted. It's not sustainable. Yeah. How many hours are you working now, Austin? I try to keep it a fairly – we've got an eight-month-old baby, so I try to keep a good work-life balance. So I could be doing a lot more work, but I'm trying to keep the right things in the right order. But, I mean, you're still working 60, aren't you? I have a lot of time on the phone and estimates. Yeah. I feel like you're never fully off. You're putting in the time. That's the nature of the beast. And so I remember when we were at that stage, I would come home and collapse on the couch and share and say, what did you do today?

1:08:32Dave Ramsey:And I said, I have no idea, but I did a lot of it. Right. It's, whoo! Yeah. Man. All right, so the answer to the equation is what do you do to level up to go to the next stage of business? The main thing, there's two areas. One is controlling your time. You've already been working on that because you described it three different times while I was talking to you, so you're already out of the game on that. So managing your time and putting blocks of time, buckets of time, where I do paperwork here, I do phone calls and estimates here, I do the actual work here, and you bucket your time and you get very, very precise on, you know, on Friday mornings I'm not doing anything, that's when I'm doing invoices, you know, or whatever the date is, okay?

1:09:13Dave Ramsey:The second thing is you have to make the most difficult hire that you're ever going to make in business, and that's the first one. Yeah. It's very emotional to hire the first person because you feel very responsible for them. It's kind of like that eight-month-old. Like I have to, I'm responsible now. I have to take care of this person. I promise them a check and I have to do what it takes so they get their check. There's a lot of extra pressure on them when you do that. And it's very, it's an emotional hire, the first one you hire. And the second reason is, is it's hard to find good people and you're not good at interviewing yet and getting the wrong, and you may hire the wrong person and there's pressure on that.

1:09:59Dave Ramsey:So it's very difficult, but you got to do it anyway. and then when you get them if you get the right person and i'm more concerned about the quality of the person's character than i am their actual skills i'd like for them to have both but if i have to choose i'm going to choose character over skills i can teach skills i can't teach honesty i can't teach customer enthusiasm i can't teach caring showing up for work on time having a work ethic their daddy should have taught them that but maybe didn't okay so i don't i got time for all that. But if they know I do those things, I can teach them how to fix the dishwasher.

1:10:36Dave Ramsey:You know, I can teach them how to build a deck. Do you think it'd be smart to hone in on kind of one specific service? That way I can, because estimates are a nightmare for me because every single job is different. There's no like, well, I think if you'll do a little bit of accounting analysis, you'll probably find that 80 % of your income is coming from about 20 % of the categories. Do you know that off the top of your head, Austin, if you were to guess what your gut says on that? It seems pretty. Right now, I'm doing a lot of exterior painting. Is it profitable? You've got good margin. It's decent, yeah.

1:11:15Dave Ramsey:Okay. Do you want more of it, in other words? Are you excited about doing more of it? Not that specifically, no. Okay. Then don't do it. All right. I mean, this is your business. Hello. Don't build something you hate, man. That's the job you left that you hated. Okay, so let's build something you like. Yeah, is the other side of it exciting? Yeah, and so I want to make a lot of money, and I want to enjoy doing what I'm doing. And that's the one of those categories. And if that shaves off something else, shave off something else. That's fine, but that's not your problem. Your problem is you've got to put somebody else out there in the field, and you begin to train them to where they finish your sentences.

1:11:56Dave Ramsey:This is how we do the paint job. This is how we do the customer interaction. This is how we clean up on the job before we go home every single night so that the customer doesn't walk into a mess. This is how whatever it is that you do that has set you apart, that's caused you to already be successful, you've got to teach them how to do that. That is not micromanaging. That's training. And I had people in the early days go, you're just a micromanager. I'm like, no, you just still suck at this. Right. I've got to teach you how to do it. When you quit sucking, I'll quit micromanaging you. You know, you got to be good at it.

1:12:31Dave Ramsey:You got to be freaking excellent. I'm going to put my name on it. You got to bring it, man. That's what we're doing here. It's got my name on it. What do you mean? And the next time I come back, I want the customer to be going, yay, we're here. Not, oh, God, here they are again. You know, and so you got to teach that. And you have to, all the things you're doing almost second nature that you learned from someone, maybe your dad, maybe your first employer. but you I can tell by talking to you you know how to do the stuff I'm talking about and so but you got to train that into somebody to where then there's work happening when you're not there and the work is actually happening and it's happening in a way that you're proud of and the person's ROI and then they're going to ROI they're you're going to get a return on investment because they're doing the work and you've built their cost into the estimate and now you've freed up some time.

1:13:22Dave Ramsey:Now you've got something that's scalable. Until then, you just own your job. And so if you just narrow the categories, you're just going to own a different job. Narrowing the categories does not get you off the treadmill. It'll slow you down. It'll get your hours back in balance, maybe. Maybe you're doing some stuff you don't want to do anymore. That's fine. Just cut that out. Just say we don't offer that service anymore. But that doesn't get you off the treadmill operator stage and move you and level up to the next stage of business, which you've got to do the time management and you've got to do the hiring and the training and the firing and the hiring and the training and the firing and the hiring and the training and the firing to get the right people in the seats.

1:14:02Dave Ramsey:Get the right, as my friend Jim Collins says, get the right people on the bus, the wrong people off the bus and the right people on the right seats on the bus.

1:14:41Dave Ramsey:If you run a business, you already know this. Bad information leads to bad decisions. And right now, AI is everywhere. But AI is only as good as the data behind it. The best AI is built on the best data. That's why I recommend NetSuite. NetSuite is the number one AI cloud ERP and more than 43 ,000 businesses run on it, including us here at Ramsey Solutions. Their AI isn't bolted on. It's built in. And it connects everything that runs your business, accounting, inventory, customer data, all in one place. Because when your numbers are connected, AI actually works like it's supposed to. NetSuite's AI helps flag cash flow problems, spot inventory issues, close your books faster, and cut down on manual reporting.

1:15:37Dave Ramsey:If your revenue is at least seven figures, go to netsuite.com slash Ramsey for a free product tour. That's netsuite.com slash Ramsey.

1:15:57Dave Ramsey:Emma is in Montgomery, Alabama. Hi, Emma. How are you? I'm doing good. How are y 'all? Better than we deserve. What's up? So I am 22. I've been married for two years, and my husband and I bought a house about two years ago. So that's the only debt we have. I am currently a veterinary assistant, but I want to further my career and go to vet school. But it would require me taking out pretty much everything for it, which is about$250 ,000 to$300 ,000 for all eight years. And I just want to know if that's something that I should do or if I should continue with where I'm comfortable. Well, comfortable is not necessarily the issue.

1:16:40The issue is the$250 ,000 in debt.

1:16:47Dave Ramsey:And I'm a huge fan of the veterinary world. We've got a lot of veterinarians that we coach in our Entree Leadership coaching program. We've got about 10 ,000 small businesses that we help. And we've got work with a lot of vets, and they do really, really well, most of them. and but they're like anyone else things come up in their lives and so you know I was speaking to a lady the other day that's a medical doctor and she's making three hundred thousand dollars a year and she's got four hundred thousand dollars in in med school debt and so she was working her way through that and then they had their first child and a special needs and she wants to stay home and stay with a special needs child.

1:17:36Yeah.

1:17:37Dave Ramsey:But she can't. And right. And that's part of the reason I want to try and grow in my career because together our bond income is like right at less than 50 ,000. And I'd like to be able to have a family, but I'm a little scared to do that. And I know you're never fully prepared to have a family. You kind of missed the point. The point was she can't be a doctor anymore. And so she can't pay off the$400 ,000 in debt because life happened to her plan. Okay. And so I'm not going to tell you to go$250 ,000 in debt, even though I'm a big fan of you becoming a veterinarian. Let's figure out another way to do it.

1:18:13Dave Ramsey:There's a lot of corporate veterinarian out there today. And I wonder if some of them have scholarship programs. I wonder if some of the drug companies that you guys buy from all the time and that you sell to your, resale to your customers all the time, if any of them have a scholarship. I wonder if any of the medical machinery that you guys use, x-rays and so forth, if any of them have scholarships, because you're not a high schooler just starting this, you're a married woman with a mortgage. Right. And so I'm going to find a way to get into this. Is there any kind of a fellowship program, any kind of any way that we can work our way into this and try to scratch this itch.

1:18:59Dave Ramsey:I'm not against you becoming a veterinarian. I would never tell someone to go$250 ,000 in debt. Okay. There definitely would be some. I work for a corporate company now, and they've offered to pay for a technician degree. So basically like a certificate and a license. Okay. Start with that. Let's go get that first. Well, and you said 250 over eight years. That's 30 grand a year. So I'm just curious what that plan could be. If there were some scholarships and things in place, is there ever a world where you cash flow some of this too? I know you guys are only making 50 as a combined couple, so that math probably wouldn't work right now today.

1:19:38But with everything combined, because you don't have to have the 250 right up front, right?

1:19:43Dave Ramsey:So the technician's degree, that's a certificate program. And how long does it take to get that? So typically it takes about two years. It's all self-paced, and I do internships and externships with the company I already work for, which eventually would be great. Why don't we self-pace it in a year? That's exactly my goal is I'd like to get it done in a year. How would that up your income? It would probably take us to usually add another$15 ,000 to the year, so around$60 ,000 to$65 ,000. Okay. I'm going to continue growing in your career, and your career is taking care of animals. And the technician's a good first step.

1:20:27Dave Ramsey:And then that may lead you to the next step that we don't see sitting here today. And that may lead you to the next step. And it might be that you go through this CERT program, and the company recognizes your talent and your enthusiasm. And they say, well, you know what? We're going to go ahead and let her do the self-paced thing for the first two years of vet school. and get that. There may be a way to do this, but that's how I'm going to figure it out because I don't borrow money and I'm not going to tell someone to go$250 ,000 in debt for anything, especially student loans. Yep. Even though this is a valid form of study.

1:21:04Dave Ramsey:Sure. Totally. And it's a form of study. It's a lot of risk. A lot of risk because life happens to in the middle of it. And when you don't have that on your shoulders, there's a lot more freedom in your life to make decisions. You get to decide. I'm sure glad I don't have that hanging over my head. You'll say that someday. And when you get through all of it, it's going to take some work and finagling, right, your own budget and also what money you can bring in from other places, all the things. But at the end of the day, if you go through with this, Emma, and you end up getting a degree, you're going to be making a great income with no payments.

1:21:33Like, that's the amazing part.

1:21:35Dave Ramsey:Cole is in Asheville, North Carolina. Hi, Cole. How are you? I'm well, sir. How are you? Better than I deserve. What's up? I'm wondering at what point should my family and I consider establishing a trust? Probably never. Okay. Why would you want a trust? Well, we have one rental property. We have our primary, and we're about to have our fourth kid. You mean you and your wife, that family? Yes, sir. Oh, okay. So you're thinking about risk. Yes. I would use LLCs. That's what I do. So I would drop your rentals into an LLC, and I don't own anything. I don't own a single thing. I don't even own my cars.

1:22:25Dave Ramsey:They're in an LLC. You don't need to go to that extreme right now, but I've got a target on my butt because I'm Dave Ramsey, right? But for rental property purposes, I'd drop those into an LLC tomorrow. and then you operate the rental completely standalone and you've got the corporate veil, it's called, for risk. If somebody falls off the porch of your rental and decides to sue you, they have to sue the owner of the property, which is an LLC, and the only thing it owns is that property. They can't take anything else you've got. Okay. So as my net worth increases, is, you know, will it make it harder for my kids with probate and a will as opposed to a trust?

1:23:10Dave Ramsey:No. A will is, unless you've got a net worth in excess of$100 million, you're probably not going to have any needs for trust. The will will suffice and take care of it. Why would you say that? I'm just curious. Well, because a trust doesn't do anything. Well, you can avoid probate, like what he was saying. Like, you know, you can, there's some ease to it. It takes a lot of work to put, to move everything into the trust, but. Yeah, you move everything into the trust, then you have to operate your life out of the trust, which is a pain in the butt to the point that you'll wish you had never heard of this on the internet, which is where you heard of it.

1:23:50Dave Ramsey:But the, you know, it's just, it's horrendous. So no one does it in the real world. The only people that talk about it are lawyers trying to sell trusts. but everybody out here in the real world, all of my friends that have 20 and 30 and$50 million net worths do not use, they do not operate their lives out of trust. They have LLCs and they have some S corps and they bifurcate the risks that way, but they don't put everything into a trust. I didn't know this. You like really don't like them. They're useless. There's not anything for it. There's a, there's a time for a trust. I mean, we've got the Ramsey Children's Trust that owns some stuff, but that's an estate planning tool with our level of net worth.

1:24:28Dave Ramsey:And there is some places for stuff like that. But the idea that if you've got a$10 million net worth and a handful of real estate, you don't need a living trust. You just need to operate out of an LLC much, much stronger, much stronger. And you've got the exact same risk protections. And the probate, avoiding probate is not that big a deal. Probate takes 10 minutes if you have a will and a properly structured series of LLCs. It's not a big deal. and most states the probate taxes are not that high i was gonna say the taxes they're not that much they're not that much they don't cost as much the cost to set up the trust most cases for most people so it becomes this thing that people just talk about all the time like it's some kind of a sophisticated instrument it's just a method of holding property it's all it is and so you can hold the property there and a beneficiary and it goes straight outside of probate goes straight to the beneficiary the problem though is you have to operate all your rental operations your rental income, all your fixing of the heat and air, you're paying the yard care and all that crap out of the trust.

1:25:28But that's harder than the LLC?

1:25:29Dave Ramsey:Yeah. Yeah. Because you have the trustee has to sign off on everything and you're not the trustee, you're the beneficiary.

1:25:55Dave Ramsey:Welcome back to the Ramsey Show in the Fairwinds Credit Union studio. Angela is in Idaho Falls. Hi, Angela. How are you? Hi, Dave. Thank you, Rachel. You both for taking my call. I'm excited to talk to you. You too. How can we help? Well, my husband and I are about 10 years out from retiring, and we are unhappy with the growth of our investments with the person we're working with. And so we're shopping around and we started talking to a company that my brother recommended. He says that he's been making 19 % earnings on his investments over the last few years with them. So my husband and I had a call with them yesterday and I just don't understand what they're talking about when they say things like synthetic ownership of the S &P 500 with long dated leap contracts.

1:26:43And they're doing hedge fund options as well and volatility.

1:26:49Dave Ramsey:Run away. okay I understand what they're talking about run away now here's the other reason you run away okay the financial world and investing at a level where you can make millions and millions of dollars is not that complicated okay it's really not rocket science and so your financial advisor their job is not to impress you with their vocabulary to the point that you have no idea what they said. I think they're speaking German. And yeah, I mean, it's just, it's like, it sounds like Charlie Brown's teacher, right? Why, why, why, why, why, why, why, why? What did he just say? I have no idea, darling.

1:27:35Dave Ramsey:Let's get off the phone. Yeah. And so that, that's, that, that means you run away too, because your financial person needs to have the heart of a teacher. the way that people lose money faster than anything I've ever seen in the 35 years I've been doing this is they put money in something they don't understand because some goober with a big vocabulary and a nice suit told them to do it and that's when they lose their butt okay so their job is to teach you this person is not interested in doing that This person was interested in showing you how smart they are. Run from this arrogance. Okay? Okay.

1:28:21Dave Ramsey:It's all over the financial world. That's why I'm so pissed off about it, okay? Because I've spent my whole life putting these concepts, putting the cookies on a shelf where everybody can reach them, and they're good cookies. You know? They taste great. But you've got to be able to reach them. And if you do this to people, what the guy did to you, it makes it feel like I'm not smart enough to be investing money. And you are smart enough to be investing money. You just hadn't found the right person to teach you yet. And to your point, it's really, I mean, you really could, Angela, if you wanted to.

1:28:56I wouldn't. I'd probably go to a financial advisor. But you could go on Vanguard, Charles Schwab, anything. and open up a brokerage account, go get an S &P 500 index fund, and you'd be making those returns just doing that over the last couple of years or more, just the S &P 500. So, you know, you can do very simple investing. That's not that complicated.

1:29:16Dave Ramsey:Yeah, let's try our theory right here right now. Do you know what the S &P 500 is? Yes, I do. Okay. Tell me what it is.

1:29:26Well, it's a bunch of companies that have stocks. I guess it's the largest companies, but it's 500 companies that have stocks.

1:29:35Dave Ramsey:Exactly. And the index is, that is the most accurate measure. It's called the bellwether. It's the baseline of what the stock market, the New York Stock Exchange has done. Okay? So basically what the S &P has done is what the stock market did. Because it's the largest 500 companies on there, and what they do is basically what the market's doing. Okay? The Dow Jones Industrial Average is just a handful of companies, So it's not nearly as accurate a measure of what the actual stock market's doing. OK, now, if you know that and then you know that in 2023, the S &P went up 26 percent in 2024, it went up 25 percent in 2025, it went up 18 percent.

1:30:13Dave Ramsey:And so far in 2026, it's up 10 percent. Then you know where you could have gotten those rates of return by, like Rachel said, just falling off a log into an S &P 500 without a broker. you could have just they call that passive investing it's not technically but that's what they call it and uh and so you're not even bothering with anything you just go buy the simplest type of mutual fund on the planet with no commissions and you could have made those returns in the last few years so your brother-in-law or whoever gave you the recommendation hasn't done anything super fancy to get those returns is rachel's point or he did something super complicated with these people and didn't need to.

1:30:56Dave Ramsey:Yeah. One of the two. So I would not do business with them for two reasons. One is I don't like what they're suggesting. And two is they couldn't explain it to you. So they lost the business. Go to go to Ramsey solutions.com and hit smart investor. And the people that we vet in that world, they cannot be a smart investor pro. They cannot be on our recommended list unless they have the heart of a teacher. And unless they understand what we teach here, which is that basic investing is how most people get rich. You don't have to do super sophisticated, double backflip, family-limited partnership synthetic bull crap, okay?

1:31:33Dave Ramsey:You don't have to do that to get rich. You really don't. Most people just put money and good mutual funds on their 401K and they pay off their house. And that's how they get their first$5 million in net worth. What's your all's net worth, Angela? $2 million. Good. Way to go. and let me guess that you got there without doing anything that had synthetic in the name correct I didn't call you 15 years ago and you helped me then and you probably have more money than the guy on the other end of that call oh well that's a happy thought yep it is and stay on the line Christian will pick up we'll get you a code to log in for investing essentials that you're doing Dave with George here in a couple of weeks.

1:32:18So yeah, that's a great event just to watch at home, just to kind of get some basics too. But yeah, you're doing great, Angela.

1:32:25Dave Ramsey:Don't discount your own intuition, insight, intelligence in the process. You are actually the secret sauce in your plan. You have freaking$2 million. Hello. Hello. There we go. I mean, that's it. And, you know, what's interesting, Rachel, is that when we did the study of millionaires, 10 ,000 millionaires, 89 % of them are first-generation rich, meaning they did not become millionaires because of inheritance. So 10 ,167 of them. So they didn't inherit their money. Where did they get their money? On average, the typical one had invested in their 401K and had a paid-off house. That was the two big things that showed up every time.

1:33:05Dave Ramsey:Okay? And here's what's interesting. They weren't really good at picking mutual funds. the mutual fund portfolio that the typical millionaire has is okay it's average they weren't that great at it what they were great at was always putting money in it consistency all the time every time the check came the 401k had been deducted there a long time they just constant steady time and consistency, time and consistency. They put money in their mutual funds. That's what they were good at. And that's what made them rich more than the return they got on the mutual fund because they had the perfect double backflip synthetic.

1:33:50Dave Ramsey:Jeez, man, what a bunch of. Well, and the beauty of just compound interest. I mean, when you see that play out over time, the amount of money you actually end up having that is all interest and barely and not as much principle like it's it's wild mathematically when you start early and that's what she said 15 years ago they started so well done angela you're well done you're on the right track and just like yourself yes yes you're good

1:34:45Dave Ramsey:The 4th of July is all about freedom. But being broke and stressed out about money all the time, that's not freedom. Look, you can change that. Right now, during our 4th of July sale, select hardcovers are$13 each, or mix and match three for 33. If you're stressed out and living paycheck to paycheck, these books will help because real freedom begins when debt stops calling the shots. Don't wait. The sale only lasts four days. Go to RamseySolutions.com slash store today.

1:35:34Dave Ramsey:Jason's in Spokane, Washington. Hi, Jason. How are you? I'm doing good. How are you doing? Better than I deserve. What's up? So I graduated, or I didn't graduate. I got some student debt, and my wife just graduated here in the summer. Tragically, last August, a year ago last August, my wife's mom died at 54 from an asthma attack, and it sent the whole family into a spiral. She had been paying. Yeah, it was horrible. She had been paying my wife's student loans. And after she passed, her dad got a huge life insurance settlement from it and said he would continue paying them. Well, when my wife graduated, she graduated with$22 ,000 left over on her student loans.

1:36:24and he is a drunk and has backed out of that. So now we have$22 ,000 extra dollars of debt we were not expecting to pay and we were planning on taking our honeymoon.

1:36:35Dave Ramsey:Why did he decide not to pay it after he promised to pay it? He has no reason whatsoever. Can't come up with a reason. And he told her, I'm not paying for your student loans? Yep. Man. Yeah. Yeah, we got married and, And, yeah, it's real sad. We got married in November, and we're planning on taking our honeymoon. This November, when we had the money set aside for it, we've got most of it set aside. But now with$22 ,000 extra dollars of debt, we're questioning whether that's a good decision or not. So what does your wife, what was her degree in? Marketing. She got a marketing degree. And what's she making?

1:37:15Dave Ramsey:What's her income? She's working a part-time gig that's like$400 a week, and then she just started another job that's about$4 ,000 a month. That's the marketing gig? No, the marketing gigs are side jobs. The marketing gig is only 10 hours a week doing social media for an interior designer. Okay, so why has she not landed a position in marketing? You know, she's applied to, I don't remember the exact count now, somewhere close to 100 in just... Applying for jobs does not get jobs in America today. You have to actually know somebody that works there that gets you an interview. Because people apply for 5 ,000 jobs and they get zero responses.

1:37:57Dave Ramsey:We had 15 ,000 applications come into Ramsey last year. There's no possible way we'll even talk about interviewing all those people, much less hiring them. So applying doesn't get you there. You've got to work a system to get hired in something. I'm going to send you a copy of the book, The Proximity Principle, to get her some help getting into a position where she actually makes some money. What do you make? I am in insurance. I just started a new gig helping stand up an agency again. It's a$25 ,000 a year salary plus commission. It's partly owned by mortgage companies, so they're going to be sending their leads, but as of now, they haven't started.

1:38:36Hopefully,$7 ,000 is what we were talking about a month, but I can't plan on that yet. When did you start? Just across my first month.

1:38:47Dave Ramsey:And what kind of insurance is this? Got a property casualty business. You're not going to be making$7 ,000 a month anytime soon, honey. Do you know the business? Yeah. No, I've been in insurance. This is my third year in insurance. I currently own an insurance agency that I'm selling. Why are you selling it? It's over to the independent side. The captive company I work for is shareholder-owned, and they don't treat their employees well, So I moved over to the independent side. Okay. That's a good move. I like that. Well, you know that your PNC is as earned, and it takes a while to build a book of business that brings in$7 ,000, right?

1:39:27Right. It's an established book of business that I'm stepping into. It's just the— Oh, I thought you said you just stood up the agency. No, we're standing it up again. Sorry.

1:39:39Dave Ramsey:Again. Oh, so there's a book of business laying there that you're going to walk into. Yes, sir. Oh, okay. That's different. Okay. I understand. All right, fine. Okay, so all of that to say that you guys have incomes, and it's fair to say that in one year, your income will have come way up, and she will have landed a marketing position, and her income will have come way up. And it's very sad that in the middle of all this tragedy with her mother, that her father has lost his integrity. But what that means is that we're going to be very careful with him for the rest of our lives. We can love him, but it will not involve anything of any kind of a business transaction ever.

1:40:19Dave Ramsey:Right. Because 100 % of the time, this guy cannot be trusted. Right. You can still love him, and that's just dad. He's not a good dude in his integrity, but otherwise, and that's just sad. It's heartbreaking, but you can't make him do it. He should follow through on his word, obviously. It's trashy. But, yeah, I'm with you. You just pay it and be done with it and put it in the rearview mirror as fast as you possibly can. How much have you guys got in savings? We got a$1 ,000 buffer every month,$1 ,000 emergency fund, and then currently about$5 ,000 in savings. For your honeymoon? Yeah, initially.

1:40:59Not as big of a buffer now with the debt.

1:41:01Dave Ramsey:Yeah, now it's going to go to the debt. Because this is the only debt the two of you have. no i i have yeah i have 40 000 in student loans and she has 20 000 you you have or had have have oh okay well yeah i got 62 000 now to be working with okay yeah correct yeah so no there's not gonna be a big trip or no big honeymoon we're gonna be putting the five thousand dollars on the smallest debt which is hers and list your debt smallest to largest and work like crazy people and And don't go out to eat and don't go on vacations. And this is a vacation, sadly. She needs to find three more of those accounts to help social on the side too, right?

1:41:40Buff that up to$1 ,000 a month with her job.

1:41:43Dave Ramsey:While she's waiting to land the better job. And again, Christian will pick up and send you a copy of that book. And hopefully that'll help her actually land something.

1:41:55Dave Ramsey:So Ken Coleman, that was with us for many years, wrote that book. And the proximity principle. What we have discovered is in the digital world that people sit at their computer looking for a job and they fill out applications and they consider that job hunting. It's not. Because it does not work. OK, because, again, we hired last year at Ramsey, we hired about 150 people and we had 15 ,000 applications. because people sit at their computer and fill out applications. And so we basically have to put an AI tool on them and go through them and throw 98 % of them in the trash without even looking at them.

1:42:43Dave Ramsey:And so how would you get hired at a place like Ramsey if you were in marketing? We hired a bunch of marketers last year. Her type of position. Well, the way it normally will happen is that you know someone that knows someone that works here, and they at least get your application out of the pile in front of someone to look at. There's no guarantee after that. The application may suck. You may not be qualified. We might not even call you. But at least you can get it looked at. And even better, would you at least talk to my friend's friend or this person that was a Financial Peace University coordinator for 20 years in Kansas City?

1:43:22Dave Ramsey:city calls and says, hey, so-and-so that's a friend of mine just made up, would you all look at that? That's - It's who you know. I mean - It is who you know. That's everywhere. For most places, it is such an advantage. Who you know, not in a toxic sense, like you get a job because you knew somebody. That's not it. No, you get an interview. And then you get the job on your merit. And that's how it really happens in the real world today. If you just throw stacks and stacks and stacks stacks of applications out there and call that job hunting, you're wasting your time. Don't bother because you're not going to get a job.

1:44:01Dave Ramsey:No one gets a job that way in today's world. So folks, I mean, well, I put in 500 applications and no one called me. Well, of course they didn't. That's what I was just talking about. Of course they didn't call you. So do something to set yourself apart in some way to at least get someone to at least laugh at you, if nothing else, but at least notice that you're breathing, you know, something, do something like that. And don't, don't do the, don't get laughed at. But I mean, but you know, but the idea being that. Get connected to a person, not just a system. Filling out applications on the internet is not job hunting.

1:44:44Dave Ramsey:It's a waste of time. The proximity principle will help you with that.

1:45:23Hey, George Camel here. We often talk about how being normal sucks when it comes to your money. But guess what? Normal isn't so great when it comes to your job either. Normal is staying in a job you hate, dreading Mondays, and working for people you don't even like. Sound familiar? Well, the good news is you can break free from normal because Ramsey Solutions is hiring, and we refuse to settle for the ordinary. In fact, we are anything but normal, and we are proud of it. And right now we're hiring for technology, sales, marketing, writing, copy editing, and creative roles. So head over to RamseySolutions.com slash careers and apply today.

1:46:06Dave Ramsey:If your private student loans are in default, when you've fallen behind so far the loan is considered unpaid, well, Y-Refi may be able to help you. They help borrowers in tough situations figure out low fixed rate refinancing options that actually fit your budget. Go to whyrefi.com slash Ramsey. That's the letter Y-R-E-F-Y dot com slash Ramsey. May not be in all states. Today's question comes from Chrissy in West Virginia. My husband and I have four daughters. When our oldest daughter got married eight years ago, we were able to contribute a modest amount towards her wedding because of our financial situation.

1:46:42Our second daughter is now engaged and we are in a much stronger financial position than we were back then. Is it fair to contribute more toward her wedding than we did for our oldest daughter? Or should we give all of our daughters the same amount of money to keep things equal?

1:47:01I'm more on the equal side, but I would say eight years ago, there's a cost difference of what it cost eight years ago than today. so I think you could probably factor in some level of inflation and all the things. In 2018, that was a different world. So I would kind of price out and just see what a similar value would be. So I'd be okay if it was a little bit more just because it's a different time, but I don't know if I would significantly.

1:47:31Dave Ramsey:Oh, man. You and your sister didn't spend the same. We didn't? Did you? Did she have more? You were raised in a household when we told our children that fair is where the tilt-a-whirl is. No, Sharon Ramsey is a communist, basically, when it comes to Christmas. My mother. She makes sure. My mother is. She wants everything to be even. That's true. Wait, what? That's true. Yeah, y 'all didn't have the same budget. Because of inflation? No. You just didn't have the same budget. Neither did your brother. None of the three of you did. It was situational. So it's not a matter which one kid we love more or anything like that.

1:48:11Dave Ramsey:It's just a matter of that's what the situation was and this is what we did. And that was the amount of money. We got married like 18 months, two years. Yeah. Did your life change that drastically? No, it wasn't because of that. She has a reason. I didn't have a reason. I just said, this is what we're doing.

1:48:30All right.

1:48:31Dave Ramsey:Counseling on the air, people, right here. Not counseling, confession. Ramsey family secrets are coming out. It's confession. I'm not confessing. You just love Denise more. I didn't say she got more. I just said it was different. What? Is it because our venues were different? I said you didn't get the same amount. That's all I said. I didn't say who got more. Okay. Well, then you answer Chrissy. Answer Chrissy. I would say I would be more inclined to be more. You're more like your mother. We want it to be more even. Yeah. I probably would. Okay. That's where I lean. But I don't have kids that got married or have been married.

1:49:06But apparently you have had three children.

1:49:08Dave Ramsey:And I don't think you guys had the same amount in your mutual funds when you graduated from college either. But I didn't, you know. That would be fair. You know, so. Just because of growth. Yeah, well, and different investments and different amounts going in at different times. Okay, so you would tell Chrissy, you give however your heart leads. I don't think it is an indication that you love your children differently. If the amount that goes to their wedding is different. Oh, you're backpedaling a little bit. I get it. I didn't say I love someone differently. I just said the money was different.

1:49:43I'm kidding.

1:49:44Dave Ramsey:This is so funny. I didn't know. You're great. I didn't know. I thought we were all pretty in the same ballpark, but apparently. I didn't say you weren't in the same ballpark. I just said it wasn't the same. That's all I said. Okay. All right. Because I'm not worried about that. That's not. No. What's the right thing to do for this kid given our situation? So it's fine. Yeah. And if you want, if you feel like it's, you know, okay, you give one$50 ,000 and the other one got$20 ,000 and you want to give, you want to help the first one that you gave$20 ,000 because it's substantially different. Less than half, right?

1:50:13Dave Ramsey:And you want to give them a$10 ,000 or$15 ,000 gift or something. That's fine. That's fine. But I'm not going to sit and try to figure out to the nth degree what the stupid shrimp cost at the dad gum reception. Yeah, sure. And we've got to make everything even. No, I'm not saying you have to like nickel and dime every single thing, but an eight year difference. Your mother might. She might. Apparently she didn't. No, she didn't on that. She wasn't in control of that one. Communism only happens at Christmas time. We literally get a check. The Ramsey Communist Christmas. It's like$9.24. Exactly.

1:50:47Dave Ramsey:She will write a check. You don't have to write us a$9. We're fine. You are good. You can just. You do get the exact stinking amount. That's right. And that probably comes from her upbringing. But all right. Denise is in Seattle. Hi, Denise. How are you? That is what I deserve, Dave. Good. How can we help? Well, where do I start? I've been in education for 20 years. My husband and I have been married for 18, and we have dreamed of having our own business for a long time. We've been saving. We have paid off almost all of our debt. we still owe on our home. But we put up all of our cards, all of our student loans.

1:51:35And we, after taking your class about 10 years ago, we paid down all of our credit cards. So all that to say that we have very little debt and we have been saving for the business for a long time. So we already signed a lease on a building. We want to open up a coffee shop bakery. We have partners, and so we're half and half.

1:52:08We build out alone, not including any of the equipment or the capital we need for employees. It was going to cost us$183 ,000. That was almost all of what we had saved so far. and so in order to cover the equipment costs and the capital that we need to open up, we decided to take out a HELOC on our home. It was only$95 ,000, but that's still not enough and we were looking into other types of loans

1:52:48Dave Ramsey:in order to open up. I know. Oh man, you've made a mess. He said, don't call him. He's going to tell us not to do it. That's too late. You've already done it. You're$300 ,000 in the hole. Oh, my God. How many cups of coffee is that? Before you actually make your money back. In Seattle. Like, nobody's had a coffee shop in Seattle before. This isn't you. It's very loved, though. It's loved? You're not open. I mean, the business in general. It's something we know. Apparently not. Apparently you don't know what it costs to operate it. Yeah. Denise, if y 'all keep going down this road, you're going to be half a million dollars into this business.

1:53:37You're going to be bankrupt. And the restaurant business, what's the stat on that?

1:53:40Dave Ramsey:80 % are gone in five years. Right. I know. Yeah. Yeah, but you don't act like you know. You don't feel stressed about it. Borrowed$90 ,000 on your home. And$183 ,000 and another one. And savings. No, that was savings. No, that was money we paid. Oh, you. I'm sorry. Oh, it's gone, though. For this dream that we've had, that we have had. Yeah, but you're turning your dream into a nightmare, kid. I didn't mention the fact that we partnered up on a restaurant about in 2022, and it did very well. we're only we're a minority owner so we have had some success in the field and that is a stream of income for us if you worked for me and you told me it took$183 ,000 to build this out and then you came back looking for another $90 ,000 and then you came back looking for another batch I'd fire you for incompetence so you may know what you're doing but I can't see it in this phone call you you didn't lay out your pro forma with a basic inventory list and a basic business pro form of what it takes to get this thing opening and started cash flowing instead you just keep spending money like you're in congress and you're still not even open right you're scaring me to death i mean you guys are gonna do what you're gonna do i don't know i'm with your husband i'm not sure why you called i mean you you preface this was we went through all your classes dave we got out of debt.

1:55:10Dave Ramsey:Why? So we could go back in debt and call it a dream. Oh, baby girl. Oh, you're killing me. I'm so sorry. No, I would not have done any of this. And no, I'm not going to tell you to do any of it more. And I'm sorry that I hope you can figure out a way to scratch around and get it open and get some of your money back and you don't lose all of this.

1:55:39Thank you.

1:56:00Hey guys, George Camel here. Do you ever feel like insurance companies only care about your money and not what you actually need? Well, there's a better way. When you go to Ramsey's Insurance Resource Hub, you'll start feeling confident that you're getting the right coverage that's truly best for you. You'll find helpful info on everything from life insurance, health insurance, identity theft protection, and more. And when you're ready to get the coverage you need, you can connect with a Ramsey-trusted insurance pro who will only get you what you need at the best price. Go to ramsaysolutions.com slash insurance, ramsaysolutions.com slash insurance.

1:56:38Dave Ramsey:Our scripture of the day, Habakkuk 2.3, patience is not the same as indifference. Patience conveys the idea of someone who is tremendously strong and able to withstand all assaults. What version of scripture is that? Interesting. Ronald Reagan says heroes may not be braver than anyone else. They're just braver five minutes longer. That's true. Buying or selling a home is a big deal. If you're thinking about doing that, you ought to have a high-octane person in your corner that you trust that knows what they're doing in the real estate business, not got their license three weeks ago, and expects you to sell your house with them.

1:57:13Dave Ramsey:Don't do that. If you want to find out who we trust and you want to find a Ramsey Trusted Agent, you can do that for free. Ramsey Trusted Agents are the best out there. RamseySolutions.com slash agent or click the link in the podcast. Gina is in Phoenix. Hi, Gina. How are you? Well, I'm doing great. Good. What's up? I have a question of what would Dave and Sharon do? Okay. My husband and I started a construction company at the beginning of this year. We're learning a lot. We still have a whole lot more to learn. He builds the homes. and I pay the bills. I am the bookkeeper. I request the draws.

1:57:55And my son, my oldest son, is helping us with the tech part. And he recently found out that I go through all my husband's emails to find contracts and bills that he's paid and approved. And he wants to put a stop to that. He says that I should not have any access to his emails or his passwords, even though we're co-owners. Your son is a tech nerd geek.

1:58:26Dave Ramsey:He's not a relationship expert. That's ridiculous. Of course you should have access to your husband's stuff. Sharon Ramsey has 100 % access to any of my technology. I have nothing in there that I'm ashamed of. even your business emails anything she wants to see anywhere and she would leave time and occasionally she does it was she would leave the laptop this was probably 10 15 years ago she would leave her laptop with your email just on the counter as the fam like we could all just go look at this email if we wanted to i don't have any secrets yes i mean i don't care i don't have anything to hide and and here's another one i i a few months ago about a year ago i put the Apple, find my iPhone thing.

1:59:14Dave Ramsey:And so wherever my iPhone is, my wife can look at her iPhone and figure out where I am at any time. Location sharing. Because I don't go anywhere that I'm ashamed of. And I put it on hers, too, because she loses her stinking iPhone about once a day. And I can find it that way. But I also know where she is because she forgets to tell me she has a Mahjong championship four doors down. And I get home and she's not there. And I'm like, where's Sharon? So now I know where she is. But 100 % of the passwords are shared. 100 % of the bank accounts are shared. 100 % transparency. There's no reason to hide unless you have something to hide.

1:59:51Why? Did he do it? Was he saying it from a tech nerd perspective of security? No, no. You said tech nerd.

2:00:01Dave Ramsey:He said it's inappropriate. He just said I should not be messing with his emails. I don't delete anything. I just go through them. He just said that he doesn't give his wife any passwords. He should. And that his boss would never, of course. But I'm like, this is a different relationship situation. It's your husband. No, 100%. Yep, you're fine. I would imagine you can get into any of Winston's and get into your. Oh, I know Winston. Mm-hmm. 100%. Well, we're not probably the best secure people, but we have two passwords that we use basically for everything. Yeah, well, we do too. Oh, yeah, that or.

2:00:36Dave Ramsey:If you knew our password, you could get into any hotel safe we were ever in. My Instagram, you can go through any DM. I mean, like, yeah, it's just, it is what it is. I don't have any secrets. There's nothing I wouldn't show him, would not want to show him. So I'm trying to figure out, yeah. Anyways, that's the answer. Yeah, the answer is your son is who's inappropriate. All right. Thank you so much. I win. You're good, Gina. You win. Absolutely. Oh, and by the way, my personal assistant can go through my emails to do what you do for your husband from a business perspective. She can. Love it. Jenny, Jenny can go through my emails because I don't have anything in there that's a secret.

2:01:18Dave Ramsey:There's no big dark cloud. I mean, there's no, there's no, you know, attention to the man behind the curtain. There's no man behind the curtain. It just is, you know, and so she can go through there and go. And John Deloney would say your phones that you have every right to check your spouse's phone. Yeah. I mean, it's all. But I don't go on porn sites, so she's not going to discover that when she goes on my phone. So it's not a problem, you know? And I'm not doing stuff or going places that I'm worried about or ashamed of or saying things. And I quit putting things in emails about three lawsuits ago, so nothing goes into an email anymore, you know, because it's discoverable.

2:01:57Dave Ramsey:And then I get to answer for my mouth in the middle of a dadgum. Dave has an attitude. No way. No way. No. Who knew? Well, the judge saw it. So there you go. Yeah. The opposing counsel is questioning me about this. No. That's, Dave, do you often say that? Yeah, I say that kind of crap all the time, but it just was in an email. Yeah. So, oh, well. Anyway, it's just that's the thing. So now 100 % transparency. And this is where people get into problems in marriages and in relationships. And when you have things to hide or when you feel like you have the right to a secret life to the side, these are my friend Stephen Mansfield wrote a book, 11 Signs That a Leader is Going to Crash.

2:02:42Dave Ramsey:And one of them is extreme privacy. They're building a separate life to the side somewhere. They don't want anyone to see. And that sets them up and allows them then to fantasize about going places they shouldn't go or doing things they shouldn't do. And then they do. because it's all secret. And that's one of the reasons you see these leaders. Well, so-and-so was discovered and he did this and this. Yeah, well, that's what happened. That's why that pastor hit the wall. And there's a spiritual lesson, too, of bringing things into the light. When things are seen and exposed, like, it's there. It's there, right?

2:03:20But when things are hidden off to the side, you can't have access to this thing or that thing. I'm going to keep it over here. Yep, it starts to get weird.

2:03:30Dave Ramsey:Yeah, it's the same thing as hiding your target bags under the bed. My husband doesn't know about my spending. Oh, yeah. My wife doesn't know about this gun. Why? I mean, because you're ashamed. You shouldn't have done it. That's why. And there's accountability in the relationship. No, that's an interesting question. But I will say, Gina, the reason I was making fun of your son was because the people I find in the tech world would have more of a, because of security, and they have this different view of privacy than I do, especially in relationships. And so that's where your son's, that's why I was picking on him about being a nerd, because he fits the stereotype.

2:04:14Dave Ramsey:I've got guys working here that would do the exact same thing. They'd say the exact same thing, and they'd be wrong too. But, you know, because they're just, they're techno, and they're all worried about privacy and security and cyber security, and you can't get your password out and you got to change your password every 14 seconds. And you're driving me crazy. I can't live my life for keeping up with all your freaking passwords and your multi-factor logins. You're killing me. So yeah, it's just, I can't get anything done for screwing around with this stuff. But it's the same bucket of thing where, and it also comes into this thing where we keep our money separate because we really have separate lives because we've never really completely put all in on the marriage.

2:04:53Yeah. I mean, it's the same mindset of people that say, well, I'm going to keep my money here. And then he has his. And then I can do what I want to do. And I'm going to get to, yes.

2:05:03Dave Ramsey:And I'm not accountable to you. And people that do that. I'm married to you. I sleep with you, but I'm not accountable to you. It's just dumb. Yeah. And it's not that every person that has a separate checking account is doing something and more. I'm not saying that. But it's the, again, it's the intentionality. It's the motivation of I get to do my own thing in this. And you just break down a marriage when that is your primary motivation. Now, in the budget, yes, have your own line item. I have a Rachel line item. There's a Winston line item. You can go spend money on what you want, but it's agreed upon.

2:05:33It's talked about. And there's nothing shameful about it.

2:05:37Dave Ramsey:It's transparency. Yep. Yep. You know you're old when you have find my iPhone because she loses her iPhone. No, I lose mine all the time, too. You might be old if. Thank you, Jeff Foxworthy, right? Or you're doing 18 things at once. Hey, happy 4th of July, America. 250 years, you big, beautiful beast. We love you. We love you, America. Absolutely awesome. That puts us our other AMSY show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

2:06:37Athletic Brewing Company Crafts award-winning non-alcoholic beers For those who want to be part of every round With over 185 flavor awards They're exceptional NA beers That fit your lifestyle And any social occasion Summer's full of good times and athletic fits right in. Go to athleticbrewing.com to have brews delivered to your door or find them at a bar, restaurant, or store near you. Near Beer. Athletic Brewing Company. Fit for all times.