The Ramsey Show - App - 5 Things People Don’t Understand About the Ramsey Plan (Hour 2)

Episode Date: June 8, 2023

Dave Ramsey & Jade Warshaw answer your questions and discuss:  5 things people don’t understand about the Ramsey Plan, The problem with being high income-earning and broke, Selling a house to be closer to a job, "How much can I spend on hobbies while investing and building wealth?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage Studios, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Open phones here at 888-825-5225. Jade Walshaw, Ramsey Personality is my co-host today. Open phones at 888-825-5225. Jade just finished leading a Ramsey Personality Coordinator FPU class.

That's right. And that's the second time you've done that. That's right. And that's the second time you've done that. That's right. As a coordinator, I mean, as a Ramsey personality, you've done it many times before you joined us here, went through it several times before you joined us here. Yes. And I think it's a good idea occasionally to stop and say, okay, if you're going to go through a nine-week class on how to handle money the class that more people have gone through than any other financial class right over 10 million people have been through it no one's even a close second so it is it is the one it's the goat it's number one right and so

there we go and um but what happened why do so many people go through what happens while you're in there and you just led this class so give me some insights as a coordinator you watch the light bulb come on over the top of people's heads i do i watch people get introduced to concepts that they haven't thought about before or it hasn't been explained to them why it's important for it for example everybody knows the word insurance oh yeah i'm supposed to have health insurance i got car insurance but most people are so confused about insurance they don't understand how much coverage they need they're underinsured they don't realize that or they're overinsured they're overinsured yeah and so and a lot of folks when they first get connected with Ramsey, they're like, oh yeah, I heard about the baby steps. I'm on baby step two. I need all my money. Insurance

can wait so I can pay off my debt. And that is one of the biggest things that we find is people are willing to sacrifice sometimes in the wrong areas in order to pay off their debt. But it is so important that you get covered when it comes to your insurance it's not waiting until a particular baby step it's as soon as you find out about it you need to get it if you don't have car insurance you need to get car insurance yeah if you don't have homeowner's insurance renter's insurance you need to get it that's right if you don't have health insurance you need to get it period and put it in your budget and now we'll go to work on your goals that's right don't be that person that waits so there's that um of course dave credit cards are a huge one, but not for the reason that you might think. I mean,

of course, the big argument all the time is the points. I got to get the points. But most people that come through our class, they're ready. Mentally, they've said, OK, the points don't really matter. It's more about this has become a security blanket for me. And I don't feel confident. I don't think that i can manage my money without credit cards i've never done it before i've never had to actually say this is my budget i've got three you know three four thousand five thousand dollars and i can only spend that period they've never had to do it and so it's actually caused this lack of confidence and this feeling that oh oh my gosh, how, how?

What if I don't live on less than I make? Yeah, what happens? You mean I can't just go to Target and get that thing anyway? Yep. That's what happens. Yeah. So we're seeing, I love when people cut up their credit card and I can see their hands shaking. I can see that their shakiness in their voice, but then they come back and they go,

but Jade, I feel so much better. I'm in control now. For two decades, American Express told people, don't leave home without it. Don't leave home without it. And they don't think they can. They don't think they can. And I think that's so sad.

You work, I just got to say this, you work so hard. You're away from your family, your kids, eight, nine, 10 hours a day, what have you. And then you tell yourself, all this work I'm doing, all this sacrifice, it's not enough. My income's not enough for me. I just read this 500-page biographical, unbelievable book on Daniel Boone. He left home without it. Just saying.

If he can do it, you can do it. Just saying. Your grandparents, they left home without it. Yeah. Just saying. Every other country it saying your grandparents they left home without it yeah just saying every other country in the world they leave home without it credit cards are relatively new you know yep as you know so there's that then there's this idea of and don't get me wrong when i say this willpower and and discipline and all that is is very important you got power through this but some people forget there's like practical things that you just got to do like it's not i keep all my credit cards and i do and i just have to will myself white knuckle it white knuckle it out i'm like no do some practical get

on a budget set alarms on your phone to check your budget text your spouse your credit card cut up the credit card cancel the account the account. And then remove it. Remove it from Amazon. Take it off. Ooh. Put it on. I got a debit card on Amazon. You can put that on there. And then if I want to buy something, I can just.

What do you know? I have to use my money, though. Yeah. Isn't that weird? That is. That's what scares people. Yeah. You know, and then there's the folks we talked about this other day.

The analysis paralysis is what you called it i call it something else what are you calling ask whole yeah you enunciated that carefully i watched you i had to that means you're just asking questions man and i get that you have questions but at some point you have to act yeah you don't need any more information you just need to go do all right and i get that so those are some away from the donut i mean it's pretty simple you know that's it back away from the donut back away from the overspending yeah cut up the credit card get you on a budget there's something you're doing that's stupid with money and you know it and there's the little kid part

of you that won't make the grown-up won't let the grown-up do the grown-up thing that's right don't be an ass hole all right it's out of every one of us just the little kid on the cereal aisle throwing a fit because mom won't buy for okay yeah it it exists i i i have felt that to this day you're lying to yourself everybody gets in that situation where you're like oh i want it so it so bad, but you can't. You got to just pull it back together, get your life right. All right. We know this one, Dave.

The $1,000 emergency fund. That is the starter. The starter. Yep. And that's the key. It's a starter. It's not enough. No kidding.

Yeah. I mean, we're not. We knew that. We're not out of touch. With inflation. Inflation's got nothing to do with not enough it was not enough before inflation it's not enough after inflation it's not supposed to be enough to be and i always tell folks if you have a thousand dollars you are in cash in cash that you don't have sitting in a checking account about to blow right this is just a separate thousand set aside

for specifically emergencies you are ahead of the majority of americans 56 percent of americans could not cover a thousand dollar emergency 36 percent of americans have zero last insight from financial peace university coordinating the last class what'd you learn what does it actually take to be a millionaire can i I actually be a millionaire? And people, I love seeing the light bulb go off and go. When they see the math. They see the math and they go, wait a minute. I can do that.

It doesn't have to do with my, I don't have to be a rocket scientist. I didn't have to be a lawyer. I didn't have to be a anesthesiologist. I don't have to be a famous rock star. Yeah. I can be a teacher. And still be a millionaire rock star. Yeah. I can be a teacher. And still be a millionaire. You can be a teacher and be a millionaire.

You can see the math. It blows your mind. Yeah. And then you go, I'll never be in debt again because I need that money that was going to go to the F-150. Instead, we're going to put it into the 401k. We've got all these letters and numbers mixed up. That's right. Check it out.

Financial Peace University. If you want to lead a class, we'd love to have you be a coordinator like Jade. You'll get some of these insights. Check out ramseysolutions.com slash FPU. We can get you into a class and we can get you leading a class. By the way, you can go through for free if you're the leader. That's pretty cool, too. This is The ramsey show jade washall ramsey personality is my co-host today

britney is with us in kansas city hi britney welcome to the ramsey show hi dave hey what's up how are you good how. How are you doing? I'm good. I'm nervous to be here. It's okay. How can we help? I had a quick question. So my husband and I have had issues with buying used cars.

We're not car people. And most recently, we wanted a reliable SUV, and we had it for six months, and the engine locked up, and we spent $8,000 on it. And so we're really looking for advice on what we should do next. It's very tempting, I feel like, to buy a new car and because we need something reliable and we don't want to have to worry about buying a used car and issues happening to it. So I was wondering your advice around that. What baby step are you on? I'm just curious. I'm sorry. I'm new to like Dave Ramsey and everything. So can you explain that? Sure. I'd be happy to. Do you currently have debt to pay off?

So we have $23,000 in student loans. Brittany, I'm sorry, you cut out. What did you say? I don't have any credit card debt. Good. And we have $23,000 in student loans. And what's your household income? Household income is $225,000. Okay.

So you're new to all things Ramsey, and yet you knew that we said don't buy a new car, brand new car, unless you're a millionaire. Yes. Okay. That's why I was nervous about coming on the show. But, okay, so the reason we don't want you to do that is if you tie up – tell me one more time what your household income is. It's $225,000. Okay, all right.

And so what was the price range of cars that you were driving that were breaking? $8,000. $8,000 is what it costs okay all right um now why why making 225 000 a year i mean given that you aren't doing ramsey stuff you just met us why were you driving such cheap cars well um we had a so i have my car which is already paid off it's a 2018 malibu i had already paid that off and then my husband had a company car for the longest time for like six years so he was just driving his company car but how long have you been making 225 000? Only for the last, three years ago we were only making $160,000, then it jumped to $225,000. Where has all of your money gone to? You make a lot of money. Have you been paying down these

student loans or something like that or is it just lifestyle? Lifestyle, I think, and we did pay off. In the last six months, we paid off all of our credit cards, and we paid off, well, we paid for that used car. Okay. So here's the thing. Here's the thing. You guys sit down tonight, the two of you, and go, look, we got almost $20,000 a in and we're and yet we're broke so we need to determine what we're going to do

with that income sit down look at what your actual take-home pay is it's probably more like um your take-home pay is probably more like 15 okay yeah and so you're 15 000 a month you have a house payment we do have a house how much is your house payment my house payment is 2 000 okay so 15 000 minus 2 000 is 13 000 and i want you to continue that exercise minus food minus lights and water and um i think we're going to find a disturbing amount of money like ten thousand dollars a month that is available to do things with and that would tell me that you could save up fairly quickly like before christmas and buy a 20 or 25 000 used car which is an absolutely fabulous used car and she could also get out of that student loan debt and

pay off the student loan debt in the process yeah i mean you've got but but what's happening is is that uh you guys uh let the scope creep happen to your budget. Your lifestyle scope, the scope of your lifestyle crept up as you, because you weren't paying attention. And that's not evil or bad or lazy even. It's normal. But what's not normal is to pay extreme amounts of attention to every dollar. The two of you together both doing that and we lay out

detailed goals of exactly what we're going to do with every free dollar we can squeeze out of this budget uh and then what the next thing is we're going to do with every free dollar and so i hear two really good big goals on this that i want to do with the first forty thousand dollars or fifty thousand dollars that i can get out of your $10,000 a month disposable income. So that's five months and that's pay off the student loan and buy a nice car. I like that. I like that plan a lot. I mean, you see, if you just lay down and go and what that tells you then is we're not going to go on vacation because we want to do these other two things more. What that tells you is, is we're not going to go on vacation because we want to do these other two things more. What that tells you is we're not going to spend $8,000 on Christmas for God's sakes.

Right? And what that tells us is that we're not going to eat out every night for $300 a night. That's where it is right there. You know, what this tells us is that we're not drinking any more $500 bottles of wine, which you technically can afford, but you really can't because you are broke. Yeah. Even though you have a fabulous income.

And that's why you called us. And you're wonderful people, and you're very smart people because dumb people don't make two and a quarter. Well, a few do do but not many but but in that same breath uh a third of those folks do live paycheck to paycheck because of what you're talking about your high income earning broke people and if you look at yourself that way then you'll go ah crap something's got to change here i continue to do the same thing over and over again expect a different result that's the definition of insanity I thought when we started this conversation you were driving

one thousand dollar cars and spending two thousand to keep them running and that maybe you made 40 or 50 thousand dollars a year no she's in the trap because the the hard part with with your situation is you make a good income and it's so easy to lull yourself to sleep and go oh we got money coming in we don't have to look at it we don't have to think about it we got good incomes and then before you know it you're more broke than the person making 40,000 a year that just keeps eyes and budgets on their money yeah yeah you and your husband sit down tonight and say all right we're done I'm done worried about a stupid broke car in a house that makes 225,000 when you say when you finally say i've had it yeah that's the phrase that happens right before you change your life and just for anybody listening

you can't get a good eight thousand dollar car i don't want i want people to know you can you can do it but but yeah yeah absolutely you can that's. I mean, she obviously got a bad one. But, you know, in your case, the cars are not the problem. The old cars are not the problem. They're the symptom of you being completely unintentional and out of control with this fabulous income. That's right. And that's not to pick on you. So I appreciate you calling in here nervous, and we're not throwing you under the bus. We've both done exactly the same thing.

Bad, dumb stuff with money. So we know it when we see it. I know what stupid looks like. I used to look at it in the mirror. So, you know, I'm not going to ask you to. But here's the thing, though. I just want to give you the power that comes to you when you start telling every dollar what to do and pointing every free dollar at things that

really matter more to you than going out to eat this week now dave what about that 500 bottle of wine if you make two and a quarter you can drink a 500 bottle of wine if you're not broke if you're not broke all right i might have to guarantee you they have I'll guarantee you they have. I'll guarantee you she has. I need to make some lifestyle changes in here then. $500 on a bottle of wine? I didn't say you had to. I said when you made a two and a quarter, it's an option if you're not broke. And so you got to get to where you're not broke first.

That's true. Maybe we should base this on net worth and not income okay you don't want to be drinking your net worth all right so let's just keep that in mind that's right wow uh well and here's the thing jade for just for you we'll serve it with hamburger let's go let's go this is the ramsey show Well, here's the thing, Jade. Just for you, we'll serve it with hamburger. Let's go. Let's go. This is The Ramsey Show. Thanks for being with us, America. Jade Warshaw, Ramsey personality, is my co-host today.

Kathleen is with us in Austin, Texas. Hey, Kathleen, how are you? Hi, I'm doing good. Good afternoon. Good afternoon. What's up? So I feel pretty alone in my situation. We possibly need to sell our home to move closer to my husband's job.

Okay. But we're both 27, so I don't want to do anything stupid. Okay. But we're both 27, so I don't want to do anything stupid. Okay. We bought this house for $387,000 in February of 2022. Since then, our property has decreased in value, not increased. How? To $335,000. Who said? The market. No.

The realtors, the comps, all that. Yeah, it's crazy. Did you massively overpay and get in some weird bidding war when you bought it? I did not get in a bidding war. We got it from a new construction. That's what they were asking. We fell into the, like, we'll offer'll offer you like so much down for closing stuff so i mean i think it was 380 after they paid closing costs um

but our home has lost a lot of money over the past year literally a year um kathleen something's wrong because austin texas has not lost real estate value okay we're in the suburb of austin in kyle texas okay how far out of austin is that kyle is so we're 30 minutes from downtown aust. We are an hour and 15 minutes from my husband's job. Yeah, but there's something wrong in this. I don't understand. Because we get real estate reports from all over the nation. We work with realtors and real estate agents in every major city. And Austin, Texas is not losing money.

And 30 minutes outside of Austin is Austin austin from an economic standpoint and so i don't understand the story um you overpaid or you've gotten bad information about what it's actually worth today it's potential that we overpaid um totally we were in the so this is the only home we could afford in austin tex because we moved from Memphis, Tennessee, where like everything was affordable, but crime was getting really bad in our area. So we moved as soon as we could. And when we moved to Austin, Texas, we just jumped on the house that we could afford. And Kyle, Texas was where it was. And all the homes around us right now are selling for $315,000 to $340,000.

And it's a lot of lost equity. And we put down $87,000 when we purchased the home for a down payment. So, okay. Anyways, with all that to be said. I think I'm hearing that you rushed in, impulsively bought something in a panic, and dramatically overpaid. I think that's what I'm hearing. I believe that's correct based off of the cops right now. Because nationally the statistics are that texas has gone up in the last 12 months

in values not down and and if you're 30 minutes outside of austin you're in austin okay that's a suburb of austin so you're just that that area is not economically blighted it's just not and so um that's what i want to i want to put that out there for everybody in america because i don't want somebody going oh well that lady you know now this lady overpaid because she impulsively bought something because she was running from memphis like her hair was on fire and so uh that that's what's going on now back to your question though now that i understand how we got here so you likely are going to lose money but you put down a large down payment so you won't write a check to sell it right correct we will

have about 30 000 still left if we fill the house at 3 35 which okay and so your husband's driving an hour he doesn't want to drive anymore do we sell it and move close to his work that's what you're considering right right so he drives about two and a half hours a day and we have two toddlers that just like ask for dad all the time yeah and when you bought the house did you know where he was going to be working um he did he moved jobs he worked with whenever he moved here it was a relocation with his previous job in Memphis, and he didn't like the work. Okay, so he took a job way far away from his family. He says he doesn't have a problem driving two and a half hours a day. I do, too. I'm not doing it.

Exactly. But my point is, you guys signed up for all these trips you're taking. Yeah. So I agree with your initial statement of we don't need to do that anymore. But my point is, you guys signed up for all these trips you're taking. Yeah. So I agree with your initial statement of we don't need to do that anymore. So is he going to stay at this job? I mean, he likes it. What does he make?

He makes $98,000, and I'm just a stay-at-home mom. Yeah, and not just. I was going to say, don't say just. Don't ever say just. And what does he actually do he's a mechanical engineer right now he works for um a military company doing private stuff yeah okay well i guess the the bottom line is, number one, we need to have a pattern going forward of different decision-making. Because these are big decisions. Quitting your job and deciding to commute an extra hour is a big decision. Rushing and buying a home in a panic is a big decision.

And so we've got both of these things are not we're not we're not well thought out so if we i'm with you i'm concerned that we're thinking this one out without thinking about the other intended unintended consequences so in other words if you guys do this and you take this hit and you move close to his work he's staying at that job right no more flitting around yeah and we're going to think through stuff well here's the yeah you're moving okay they're going to be renting because they don't have any money to put down on another home we got 30 but that's not much yeah i don't you may be renting yeah i'm okay if you keep it and sit there and commute until you see some value, not some value, until you see values go up.

The values aren't going to recover because they were never there in the first place. You overpaid. But so that's the thing. Yeah. I would love to know her neighbors, they paid well she said the neighborhood everybody in the neighborhoods at 3 15 well she said that's what the houses are worth i want to know what did they pay getting in you know what i mean i want to know if everybody screwed or you know that's very very strange very strange okay um Would I take a $40,000 hit to get rid of a commute?

I'd be 50-50, and I'm 50-50 right now. I hate the commute, and I hate the $50,000, $40,000 hit. I'm not sure which one I hate more. I hate it because this is their second house. They obviously rolled $87,000 from their first sale into this one, and then they'd be walking out with little to nothing. I just hate that, starting from scratch after two home purchases. But that being said, it's going to take them a little while living there to recoup it.

It's tough. I don't know. I mean, I guess the third option is he gets a job closer to home yeah that's true which it doesn't sound it sounds fairly rural no it's only 30 minutes outside of austin there's nothing 30 minutes outside austin this rule okay maybe it's a big city okay then there's 30 minutes outside of nashville okay you're not you're not you're not gonna be there's nothing rural 30 minutes a little bit but not much yeah you know so yeah i'm not sure hun i'm i'm on the i'm on the needle for you on the bubble on for you i don't know which one to tell you to do um uh i do know you guys need to

think through what you're creating each time you make these moves because both of these moves you didn't think through yeah the move of these moves you didn't think through yeah the move the job change you didn't think through and the purchase of this home you didn't think through they were both done uh a bit impulsively um and so if you're going to make this move don't do it impulsively really think through what what we're giving up and what we're trading out and why we're doing it and what that means to his stability. You've got to know he's stable at the new place and he's going to stay there at the new place or you don't do this for sure. This is The Ramsey Show.

Jade Walsh, all Ramsey personality, is my co-host today. Brian is in New Yorkork city hey brian welcome to the ramsey show hello thanks for taking the question um so i'm 33 i'm single living in new york uh i have about a half a million dollar income with about half a million in cash and uh investments good so a couple with that thank you with that that context, I wanted to get your perspective on, you know, how should I think about where I should be financially over the next five to 15, 20 years or so? And then as part of that journey, how should I think about buying a house or a condo in a very expensive area, and then how much I should allocate towards having fun or hobbies

and specifically buying vintage cars, because that's kind of an expensive hobby. That's a good hobby. Got a few of them myself. What do you think? What's your plan? Because you've done a really good job. You know, I haven't really given it a significant amount of thought in terms of

prepping for when I want to retire. It's really just been head down and saving as much as I can. I would have liked to have saved more, but, uh, you know, it's, uh, focusing on the future. I really haven't given it much thought. I just know that I should probably buy a house, those that store the cars, but then that comes with costs. And it's like, how should I balance that between trying to retire early if that's an option? Well, it's all about your ratios and how you're spending your money. So you said you make an income of about a half a million dollars. Is that right? Yeah. So when you go to look for real estate, you want to make sure that what you're looking for is not cutting as a percentage too far into your take home pay, which you've got a lot to work with, but whatever you choose, you don't want it to be more than 25% of your take-home pay

so that you're leaving more of that income to do the things that you want to do in your case, build more wealth, right? So a good way of thinking about this is that there are three things you can do with money and you always need to be doing all three. You need to be generous, you need to be saving investing, and you need to be

enjoying it, okay? So we've covered saving and investing. Buying a house is an investment. Investing for wealth building is there. You know, lifestyle would be vintage cars, enjoying, right? So you need generosity in your mix and you could decide that. But when I work with and I work with like famous people or even not famous people that make a bazillion dollars. OK, like I sat with a guy not long ago, made 15 million last year. So how do you decide what to do is put a percentage of my income towards each thing, and the total is 100, okay? So what percentage of my income after taxes is going to go to generosity? What percentage of my income after taxes is going to go into investments? And what percentage of my income is going to go to lifestyle? And Sharon and I do that now, Brian. So, like, I got a really nice check in the other day from the publisher on Total Money Makeover. It's a big old check.

And I already know where that's going, a certain percentage. Number one, 50% is gone before I start because, you know, government is going to take 40, and I'm going to give a tenth because I'm an evangelical Christian. My baseline generosity is a tithe in my case. And so that's 50%, okay, 40 for taxes and 10 for that. That leaves me the other 50%, and we have that broken down, a certain percentage for enjoyment and a certain percentage for further investing and a certain percentage for further generosity out of that last 50 you follow me and so that way when I go buy a

vintage car which like I said I've got a couple it comes out of that percentage and it's really not a very big percentage but i make good money so that little bitty percentage is still a lot of money i can still go on really nice trips i can still do this thing and it's it's a very small percentage of my overall income and of my overall net worth but it's still a really really good life and that's where you are brian you make a lot of money and so if you said i'm going to give away 10 a year that'd be 50 000 if you said i'm going to invest uh 40 a year and um you know i'm going to enjoy five or ten percent a year above my household budget um you know i'm gonna take my household budget out of the half million

income set aside 100 to operate now i got 400 i'm going to break that down uh and if you put you know 10 towards 20 towards enjoyment it isn't long before you start buying some cars with that you so you can you but you get to decide those percentages i don't care what they are but here the whole point is to be intentional and touch all three bases and the percentages it helps keep your head on straight because you're not going forty thousand dollars,000, that's a lot of money. You're looking at it, you're like, oh, it's 10% or it's 20%. Yeah. The ratios tell you you're not being irresponsible with your enjoyment or with your generosity. The ratios tell you that, hey, I'm doing a good amount towards investing, but I'm not only investing.

I'm not Simon Legree and I'm just piling up coins. That's right. You know, I'm, some people don't know what that is. I'm not greedy. I'm not just piling up. Scrooge McDuck. I'm not just piling up coins. And so, because you don't want to only invest and so it's a good psychological emotional maturity

spiritual maturity exercise to have money assigned to the different areas of your life and then you can enjoy the generosity and you know his his percentages are going to go his percentages in New York City are not going to go the same as a percentage if you lived in they won't for the house uh the lifestyle it could i mean a vintage car costs the same in new york that's true in miami so my point is his cost of living percentage may not go he may make that a larger percentage because it doesn't go as far and that's okay that's okay yeah that's okay yeah i mean yeah you would need that you would need more to operate for operational budget in new york city than you would in abilene for sure yeah no question about that um and then cool though he's and you had that

so very well done brian but i think that that the way we work with for instance celebrities or athletes or whatever and they're making you know uh 5x or 10x what you're making in some case or more uh is that exact process. And it will work for your half million dollar income as well. That idea will. And the whole thing is to be able to do each one without dread, without trepidation, without shame, because we know we have done a reasonable amount towards each and that walks you through that so that's very very good he's just getting started 33 with a half million dollar

income killing it killing it way to go man obviously you're extremely bright dude that's that's very very cool and um you know in our culture today you guys, it's a good thing to run into people like Brian and be sure that you are celebrating them, you're happy for them, because we have a tremendous problem with the science of envy. Must be nice. It's envy or jealousy. Jealous jealousy is i want what you have envy is i don't even want you to have what you have yeah that's true i might might the words i hate the most oh he makes half a million must be nice yeah like ask him how he did it how about what and how about awesome way to go brian yeah we didn't even ask him how he did it because all we want to do is celebrate that's right and we know he's smart we know he's

happy for yeah we we assume he's not selling cocaine you know we just assume that right so we don't get a lot of calls from the cocaine people here so we're pretty sure of that so i mean we're sure he's doing good somewhere in the society at some level to make that kind of money and so be happy for people celebrate success again america that's right celebrate that hard work pays off celebrate that being smart pays off celebrate that common sense and discipline pays off don't envy it and don't teach your children to be Marxist. Teach them to be capitalists. That's right.

That's what I'm talking about. Freaking socialism. It's unbelievable. It is unbelievable. It's based in envy and jealousy. And so celebrate success. Celebrate the good that a guy like Brian is doing. That should be giving us hope.

Absolutely. That puts this hour of the Ramsey Show in the books. Hey, what's up, guys? It's Jade. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter that gives you trending and helpful articles and tips on following the Ramsey way. Just go to ramseysolutions.com today to sign up for our newsletter. Again, that's ramseysolutions.com to sign up for our weekly newsletter.