The Ramsey Show - App - After You Hit Your Financial Goals, Find New Goals (Hour 1)

Episode Date: August 19, 2020

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host, my co-host today on the air, Christy Wright, Ramsey personality, number one best-selling author, the creator of Business Boutique. And, well, today Business Boutique's got a big announcement. Yeah, this is huge. So we've never done this before, ever, in the history of Business Boutique.

But this year, for the first time ever, we are offering a live stream experience, a live stream option. So if someone is listening and they've wanted to come to the Business Boutique Conference for the last few years, but they haven't been able to for childcare or travel or whatever the reason, or even this year, if you can't travel for some reason, you can enjoy the entire experience from the comfort of your home. All the amazing sessions and speakers. It's going to be incredible. And so we're so excited to launch that today.

And people are freaking out on social media because they've been asking for this for years dave yeah and it's sold out almost we got we have a few tickets left if you want to come to nashville and enjoy the event in person um and we're running about a 50 capacity uh on purpose with covet idea and so forth and and then on top of that you can choose for 129 to decide to do business boutique as a live stream. And we've got serious lineup. Yes, this is going to be incredible. And it's amazing, too, because every year we change up the speakers and we always cater the speakers to the topics that this audience needs. So we know what they struggle with. They struggle with marketing, with social media, with selling, with managing the business finances.

And so we've got this incredible lineup of speakers that are going to speak to those different things. One of the things I'm really excited about, we've got Jamie Kern Lima. And she is the founder of It Cosmetics that recently sold to L'Oreal for a billion dollars. Like she may know a thing or two about business. Like she's got an incredible story. She's got this heart of gold. We've got Lisa Bevere. And she's a powerhouse speaker i've heard her speak many times she will bring the house down we've got annie f downs doing a keynote this year and then kelsey humphries is going to be our mc

chris hogan is teaching us how to sell and you know if chris hogan tells you how to do something yeah you're gonna do it you're gonna listen to the voice that's right listen to the voice elizabeth haselbeck. Yes. And she's just, she's been on the Christy Wright show recently and people love the interview. We talked about balance and so she'll be back speaking with us.

And so, oh, and Gigi Butler of Gigi's Cupcakes and she has an incredible story as well. So it's just going to be a lot of fun, but you're also going to get that kick in the pants that you need, but also the inspiration and encouragement

and also the community that you need to stick with this, stick with your dream in a really hard year. Yeah, it has been a tough year. And sometimes you need to, like, go to church. Yeah, yeah. That's what we do. You know, you need your tank filled back up. That's right. And so that's what Business Boutique will be this year.

And, again, it is always that, but particularly important this year. And so the dates are? October 22nd through the 24th. The entire event, those three days, will be live streamed. So if you get your live stream ticket, someone asked me today on my Instagram Live that I did, they asked me if it's just one day. No, it's all three days. The whole event is live streamed we also have a VIP option we're working on kind of

creating a great experience for that ticket option as well but the tickets are $129 they can get them at christieright.com or daveramsey.com of course and uh and I'm really excited because you know why thousands of women are going to get the help they need because they're able to attend in this way and so I'm just so excited to see what this is going to unleash in these women's lives, but in this community, because we're opening this up. So I'm so excited. Good deal. The live stream is available.

Again, we've still got some tickets if you want to come to Nashville. Yes, we'll be here. You know, what I'm experiencing here on the show and we're experiencing at the breaks, I mean, we have people from Wisconsin or Michigan or California or Pennsylvania where hardly anybody's out moving around. Yeah. And they're coming here to Middle Tennessee, and things are a lot more normal. Yeah, you feel normal. And so, you know, you can come in here and sit, and, you know, we're not all freaked out and going crazy and stuff.

And the same thing will be true if you kind of need to escape your state temporarily. Yes. You can come to the event, too. Come on to Nashville. You don't have to do the live stream. And some states right now are worth escaping, at least temporarily. So, yeah, this will be October 22nd through the 24th, a huge lineup of speakers. We've done this event for many years.

It's always a sellout. And this year will be no exception even with numbers down due to the virus we'll be running a 50 capacity which will also make it sell out yeah and so we've got a few of those tickets left or 129 live stream ticket if you want to do that as well or do that for the lady in your life either one the phone number or the um the address to get your tickets 888-825-jeez christywright.com or daveramsey.com i i couldn't so our phone number if you want to talk to us is 888-825-5225 your questions about your life your money your business whatever it is christy and i are here here to help today here on the air.

888-825-5225. Brennan's going to start us off this hour, and Brennan is in Dallas. Hi, Brennan. How are you? Hey, Dave. Hey, Christy. How are you guys doing? Great.

How can we help? Thanks so much for taking my call. I've got about 30, so I own a small business. I've got a $60,000 SBA loan and then about $28,000 left on my car. I make about 175 a year, 180 bottom line, 500 top line. I'm 21 years old. I'm trying to figure out if I should pay that $30,000 I've got in cash in the business on the car, or if I should put that on the SBA loan or keep that as savings just in case. Okay. Uh, what are you doing at 21 making 175

grand? That's pretty studly, dude. Thanks, man. A small marketing agency. It ain't too small. That's awesome. Yeah. Well done, man. You're killing it. Four people. Four people and me. Thank you. Well, you've got a, yeah, you've got a, you've obviously found a sweet spot, a niche, and you're exercising in it very well. Well, both loans, as you probably noticed, are signed by you. Yes. And so while you make a distinction between business and personal, the law does not. And so these are both personal loans, and I want to clear them both up as quickly as I can out of this.

You need to judge what your operating capital needs are. And I can't tell that from this conversation. 65% of all the money that we bring in at 35% profit. Yeah. So, I mean, you know, you need to – I don't want the business to be bone dry. And so you need to hold some of the 30 as retained earnings for the business for it to run. But I would just set yourself up some kind of a formula that above my baseline needs for retained earnings, I'm going to throw everything at the debt, and I'm going to work on the smallest to largest.

What would you do? Well, that's what I was actually going to ask you, because we've never talked about this before, where when you have a business debt or multiple business debts, and you have personal debts, like you said, it's all yours. But when you're creating your debt snowball or you're creating your plan are you putting those together yeah or okay you are so it's not like we're going to attack one and then the other the risk is exactly the same okay an sba loan is basically a bank loan that you happen to use for business okay and it's probably secured by a house or something like that. You've probably got some other security or collateral up for it

and it's just a loan we want to clear. Good news is his isn't very large. He's got a small loan. By SBA standards, $60,000 is pretty small and you're killing it. That's the other good news. So if you're making $175,000, live on nothing and clear both these debts in a year, dude. That's what I would do. You've only got, what, $90 90 grand. You can clear it up fast.

As a ratio to your income and your situation. Well done, man. That's impressive. Yeah. I didn't see 175,000 when I was 121. Or when I was 21 years old. I didn't see. If I had, it was in somebody else's pocket. This is the Dave Ramsey Show. Families all over the country are discovering a faith-based and budget-friendly way of meeting health care costs, whether they're anticipated or completely unexpected.

For example, take the Olcheski family from LaGrange, Texas. Jeff and Carice had just celebrated the birth of a new baby boy. Shortly after, they had another expensive medical issue come up. They could have faced a huge financial setback, but thanks to Christian Health Care Ministries, the Olcheskis were spared from a ton of medical bills. As members of CHM, they're part of a group of believers who financially and spiritually support each other.

CHM is the longest serving health cost sharing ministry and is a Better Business Bureau accredited charity. It's Christians helping other Christians and it shared nearly $97,000 to help the Olcheskis. To be a part of Christian Healthcare Ministries, visit chministries.org. That's chministries.org. CHM is a proud sponsor of Dave Ramsey personality Christy Wright is my co-host today here on the air this is the Dave Ramsey show open phones at 888-825-5225 your questions about your life and your money Daniel is with us Daniel's in Dallas Texas hi Daniel how are you

I'm doing well, Dave. Thank you for taking my call. Sure. What's up? So I'm 35 and I've never been married. I met a young lady that I'm thinking about marrying. Great. I kind of have a unique situation that I have a net worth around a million dollars.

And so I kind of have a two-part question. What should the conversation sound like whenever I disclose all this to her? And then do I need a prenup? I know you've discussed it before, but I just kind of want to get your thoughts. Yeah. What's her financial situation? Do you know? The only thing we've really ever talked about is debt and then kind of savings. She's very frugal. Like she has my phone six. Uh, she has money saved in the bank and she has no debt, uh, paid for car and so on and so forth. Very low maintenance. That's like half of her appeal. And, um, uh, I have not disclosed anything to her other than I don't have any debt and I'm also pretty frugal and she can Like, I drive an old Jeep. But, yeah, she's very down to earth,

and so I just don't really know how to lay it on her without being like, hey, I have this money, but I don't want to go buy a brand-new Audi or anything. Okay. Well, what's the million-dollar net worth composed of? It's some retirement accounts and then, like then like mutual funds i own some individual stock i own a few rental properties in dallas um well done that's pretty much it good job how long y'all been dating uh only six months but i've been dating for 20 years and you know they say when you meet the one you're gonna to know and I'm kind of getting

that vibe from her. So that's why I'm taking it a lot more seriously. Yeah. Uh, Christy sounds like it's time to talk about this. Yeah. And it's interesting because I think that, well, let me ask you this, Daniel, I've got a followup question. When you say, how should I do it? How have you played it out in your mind? Like what fears do you have? Cause I sense that like there's some hesitation on your part, but I'm not sure what it is. Right. A friend of mine recently, he had a pretty good size network and it was like probably about 800, 900,000 bucks.

And he was going through a nasty divorce and she's going to get half of it. And it's like, he's telling me, man, you really need a prenup and be careful what you do with girls. And I realized that he's saying that just because he's in that set of circumstances, but at the same time, it's making me kind of rethink my position. And then, you know, money, you never really fully know somebody. And so whenever you start disclosing information like this, it can be one of those things where you get turned on your head, like, oh, I thought I knew this person and now she's acting completely differently. Um, so that's kind of where I'm at with that. You can't control how she reacts. Correct. And you certainly can't get married if you haven't disclosed this. So you've got to start talking. It sounds like it's time to talk about it, because you're talking about

popping a question, and you feel like this relationship's going to end in marriage. So yeah, you definitely got to start disclosing and talking about it. And you can add the prenup discussion later. You don't have to do it all in one fell in one, you know, one sit down. The only time I used to never recommend prenups, I used to say, if you don't love the person more than your money, that you shouldn't get married. And I changed that after about a decade of coaching people, because where I ran into extreme wealth, which a million dollars at 35 years old is pretty extreme. When I run into large amounts of wealth, I found not that the person that you're marrying is usually the problem. But if you don't have a prenup as a boundary, the crazy people in their family come out of the woodwork

and so uh and if they you know and if she's if she knows crazy bob's gonna call she can just go crazy bob there's a prenup and i can't do it i don't have access to this because i if the family starts finding out or somehow realizes that that you know she's the gold, she's hit a gold vein here and is, you know, going to be set, and some bad member, toxic member of the family, and most every family has at least one crazy Bob in it, right? So, you know, it just brings out the weirdness in other people more than the person. And I don't mind, too i i would probably recommend that over a period of years that the prenup erode to nothing like if you've been married 20 years

and you're not willing to do that then you gotta you got other problems in your marriage you're not willing to do away with the prenup at that point but uh this thing of uh you don't want to spiritually or relationally get in the thing where I'm putting the money as more important than the relationship. But it's just to keep the weirdness away. Right. And I was going to ask her during the discussion, be like, listen, this is between you and me. Please don't disclose this to anybody else. I try to eliminate any kind of drama or anything that happens or someone asking us for money.

I really don't want to deal with that. Eventually, that's going to come up, though. Right. Somewhere, sometime, somehow. What do you mean by that? It's going to come up. Well, I mean, the chances of you going five years being married to this girl and her parents don't know you're a millionaire is zero. You think so?

Yeah. Oh, I don't know, Daniel. I think that if it's y'all's money, you get married, it's y'all's money, it's y'all are a team, and she doesn't want to tell people either, I think it could be. Yeah. Well, they don't. Not like you're going and bragging about it on Thanksgiving dinner, but it's just going to come up. I mean, it's just none of their business. I guess I'm just so private about that.

But here's what I would say, Dean. One thing I did want to jump in on this with the conversation with your girlfriend. One of the good things that I think you can take such encouragement is, is her qualities financially are already in line with your values. She's not a diva that's spending all this money, and you're worried she's going to find find out you got a million dollars and she's going to be like, great, I get to go shopping. She doesn't seem like that kind of a woman. And so I think you can approach it with more confidence of knowing that she's hopefully not going to be a completely different person on the other side of this information. If she's living frugally now, those are her values with money. I don't think that that would change drastically with the amount of money that you have.

I would hope. You'll find out, but I think you can take some encouragement there. I would recommend a prenup for a period of time and just as a boundary more than anything else. And, again, it erodes over some period of time to where it goes away because it does need to become our money at some point down the road. And you can treat it like our money, and you can treat the discussion like our money. You don't keep your finances separate after you get married. You're going to be running things together and so forth, but what you're trying to protect against is some bizarre thing happening with a divorce

or a bizarre family member, you know, somehow getting involved. Privacy is one thing. Secrecy is another. So be private, but you don't have to be secret. I don't have to be ashamed. I don't discuss my net worth with my family exactly what it is in terms of I do with the kids because they're in the estate plan but my our extended family you know Sharon's brothers and sisters I mean they obviously know we have a level of wealth but um but they don't they don't have any idea exactly what it

is and I don't disclose that publicly either so so that's privacy but I don't have to also be secret about it just because I'm afraid how everybody's going to react. Eh, deal with it. It's part of who we are, and we're not ashamed of it. We've been successful, and, you know, we're not rubbing anybody's nose in it. We're not thumping our chest at saying how big a deal we are or something like that. That's not the point. But I'm also not going to hide and, you know, oh, I can't let anybody find out because of how they might react.

Nah, that's on them. If she flips and becomes a diva with this information then that was your acid test. That's right. She's not the one. That's right. You know and so it's a good it's a good time but it sounds like to me the conversation is getting serious enough it's time to start talking about this. Yeah absolutely and it's interesting too because I think what's cool is on the other side of this when you have the conversation it's going to bring a whole different level of connection and excitement about what the future holds for both of you. So that's going to be really fun.

Yeah. What was the teenagers used to call it? Like when you and Rachel were teenagers, define the relationship or something. Yes. Yes. DTR. DTR. See, there's a dad of teen girls right there. Formerly a dad of teen girls. A dad of formerly teen girls i'm trying to get that right yeah it's stuck with me because i when we didn't you know we didn't we didn't define any relationships when i was growing up you're there yeah either is or you didn't oh well this is the dave ramsey show Thank you. Most people's money problems come from not paying attention.

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Well, we love doing debt-free screams here on the Dave Ramsey Show, a family that has worked and sacrificed and slaved to get out of debt. We love doing them in person here on the debt-free stage in the lobby at Ramsey Solutions. Sometimes people call in. Sometimes people are in person. But the ones we love most of all is when our own people right here that work on our team, our people get debt-free. Our family.

And JB is with us, JB Wagner, and his wife, Colby, works on our, JB works on our team as a senior video editor. Been here about two years. Is that right, JB? Yep, that's correct. Wow. And debt-free. Finally.

Congratulations. How's it feel? It feels like a weight off our shoulders, that's for sure. How much did you pay off and how long did it take you? So we paid off $51,000 in four years, but half of that around $26,000 was just this past calendar year. Wow. So since you come here, you turned it up. Oh, yeah.

Oh, yeah. Very cool. So what kind of debt was this $51,000? So we had a couple grand in an engagement ring. So glad to see that gone. Not the engagement ring. No, no, no, no. Definitely not that.

Just to be clear. Just to be clear. Let's just be clear about that. We had 5,000 credit cards, 7,400 to the IRS. Dr. Bill with our first son who's in the NICU. That was about eight grand grand and then student loan was a whopping thirty two thousand dollars yeah there it is old sally may is over half of it yeah yeah very very good wow well congratulations so you started four years ago but coming here

and two years ago the heat sounded like the heat turned up for maybe the income changed and some other things but certainly the peer pressure here is all positive. For sure. 100%. 100% peer pressure. It's all positive. Everybody here is cheering for you, rooting you on, and that kind of stuff. So tell me the story. How did this all go down? Well, my dad, he taught FPU, and I remember listening to your show as he took me to college many years ago.

But I just kind of went and did my own thing, was pretty irresponsible with money, just kind of a 20-something, just living my life, being irresponsible. And we ended up getting married about five years, almost five years ago now. And I had been listening to the podcast, been listening to Entree Leadership Podcast and everything, and was just kind of soaking it in and thought I knew it, but I wasn't doing anything with it. And then we got married. We were like, you know, we should have a plan for this. And they actually showed one of your videos to our whole church in one of the services.

And afterwards I was like, you know what? I think you'd probably enjoy it more if you heard him teach it than if I taught you it because I'm not even doing it. And so we took the class and it was just like hook, line and sinker. Like, yes, this is what we want to do. And it made such a big difference that it wasn't me on my own doing it anymore.

It was the both of us together. There was accountability. And we just went after it, cutting up the credit cards, which is a big thing for you because you had basically lived doing credit cards, paying it off every month. So how hard was that, Colby? It was sad to cut up my TJ Maxx card. That was the hardest one. But once we did it and it was gone, and then once we got it in the snowball and we saw it disappear from the snowball,

and I realized you didn't have to live your life living on credit cards. And TJ Maxx takes cash. They do. Yes, they do. Surprise, surprise. Who knew? Yeah. So that's fun.

So he comes to you and he goes, okay, I'm a financial peace baby. I know this stuff, but I've not been doing any of it. Maybe we need to do this stuff. What did you say? Yeah, so he had talked to me. He played a couple shows for me, and I was like, oh, that sounds good. But it wasn't how my family, how we grew up doing finances. So I was like, oh, well, it sounds good, but we can do it a different way.

And then we took FPU, and I was like, this makes sense. You don't have to be a mathematician. you don't have to be a mathematician you don't have to be a genius you follow the budget and it works yeah so I like that it was so simple okay and you said you made over half of this was done last year yeah what was what was that due to I I was extrapolating into that but what was that yeah I mean um some of it was just us continuing it was the third year of doing it uh we had um i had some outside gigs of some extra editing and stuff but really it was just like the last year of doing it and i think even our last month we started seeing oh we're like 100 200 away let's start selling things let's do garage sales let's sell things

you're doing really good on on poshmark and it was just that little extra thing that we needed and we even made uh some paper chains of like the last three weeks of like every day cutting it off and it's like this is for the credit cards this is for that's cool the irs having to deal with them this is for the nicu and that last minute um uh issues we were having um last minute um bills and stuff and it was just like we just need that last little bit to get to the end it's funny when you can see the finish line even if you're tired you can still sprint oh yeah oh yeah because it's like there it is i'm going yeah it's like you know wow very cool all right so you've been here two years you've edited a bunch of video during that time of us teaching this stuff so you now you really learned it and you did it

yeah so what is the secret to getting out of debt i mean the secret one is it's so huge having someone else doing it with you because on the days where you don't feel like it and you just want to waste some money at best buy you've got someone else that's like well they're looking at the account too she's like i got things to buy at tj maxx yeah exactly but another big thing was at the old building i lived i uh worked lived it's actually a pretty good word i was up on the second floor of the building and i was right next to the door by the kitchen where it was just me in that door and then it was you could hear the atrium where people were doing their death free screams that's cool every single day and sometimes if the door opened at the right time you got the full wave of it and just hearing that

and then working on fpu i was on the uh editing a lot of millionaires talking about their lives in baby steps four through six uh four through seven and just those stories and hearing those people was like there's i mean it's hard to try to go back the other direction. We're hearing that every day. It's like, I'm ready. I'm ready. Come on, let's go. Yeah. Yeah. That's so cool. It's amazing that you guys did it though. Cause just like you said, like you knew this information, but that didn't change your life. Knowing doesn't change anything. It's what you did about it. It's the behavior you talk about, Dave. It's the fact that you guys actually made a tangible change and made sacrifices, did the budget, all the things, let go of the credit cards. I love how you talked about that, Colby, because we do.

We get emotionally attached to things, which like a credit card, that's so silly. And you break free from that and it changes everything. So well done. Well done in actually making the change. Thank you. We used to do, we used to cut up credit cards on the stage. People would come forward, we'd sign books and we'd cut their cards and sign their books and cut their cards and the number of times someone man or woman has handed me a card and their hand is trembling it's like i'm not this has been a friend of mine since college

killing an old college friend you know it's like so many good memories together how could you do that you when you talked about that part in financial peace university i remember going through the class this would have been in 2010 for me. And I remember that so resonated with me because I felt that with my credit cards at the time. And it was very difficult. That's TJ Maxx's feeling. It is. I've had this since college, and it's always been there.

It's a stinking piece of plastic. Oh, my God. It's not like they won't give you another one if you change your mind. That's valid. Oh, man,. It's not like they won't give you another one if you change your mind. That's valid. Oh, man, it's hilarious. But, yeah, it shows you the power that that stuff has over the typical person's life. And you broke free of that. So well done, you guys.

Very, very proud of you. Who were your biggest cheerleaders outside the two of you? My parents. My dad was leading an FPU, so he was definitely a big part of that and we've had some uh friends along the way as well and family so cool cool your co-workers been up in your face about it well they're all standing over there literally standing right here standing over taking credit for it so they might as well yeah they're here to cheer you on so good stuff and you brought the kiddos with you. What are their names and ages?

So this is Story. She just turned a year old with the big bow. And then this is Cash. She's super excited to be on camera. Way to go, Cash. That's awesome. Good stuff. All right, Story and Cash, JB and Colby.

$51,000 paid off in four years, two of those years spent as a part of the Ramsey team here. Count it down. Let's hear a debt-free scream. Okay, you ready, buddy? Okay. Three, two, one. We're debt-free!

Yeah! Well done, you guys. Well done. That's fun. That's amazing. Gosh, it's so fun to see that, especially when it's your team members, when it's family. We're all in the trenches together. It's really fun to watch that happen.

It is. And, you know, there is a thing that you've got to realize. It's almost as if when you surrender that credit card that you're surrendering a former belief that was a lie. That's good. It's like I am now saying that was a lie, and I'm not living that way anymore. That's good. There's a statement about, and I think that might be what makes that so hard.

Yeah. That's so interesting to me. Very interesting. Christy Wright, Ramsey Personality, is my co-host today here on The Dave Ramsey Personality, number one bestselling author, is my co-host today here on the Dave Ramsey Show. Open phones at 888-825-5225. That's 888-825-5225. Jason is with us. Jason's in Tampa, Florida.

Hi, Jason. How can we help? Hey, thanks for taking my call. Sure. What's up? So I'm retired. I've been retired for about a year now. I'm 40 years old.

I retired from the military, from the Marine Corps, and then from there I went on to be a police officer for seven years. I was injured about two years ago, and I'm done now. I can't be a cop anymore due to a couple of surgeries I've had, but I don't really need the money per se, um, that I, that I can think of. But my issue is I don't understand. I don't know if I'm forgetting something that is going to, uh, send me back in life. And I'm debating right now, should I go back to work? Um, and I don't know if I should stay retired or go back to work. So I'm 40. Okay.

Well, what do you think? I've played it out in my head a million different ways. I have my children's college taken care of. I'm putting more money away than I'm spending. I don't think I need to, but I'm getting job offers. You don't need to financially. Correct. Yeah. And you're getting job offers. You don't need to financially. Correct. Yeah, and you're getting job offers that are what?

I'm just getting job offers. Like, for example, I live in a community where I'm running, like, the Fantasy Football League, and I'm meeting people, and they're like, hey, you should come work for me for this or that. So it's, like, tempting in my face all the time. But I don't know. I don't need a lot of money. And like I said, I'm making enough off my pension now that I'm putting money away.

So it's and I have a pretty nice nest egg and my home is paid for. I don't think you need to work financially. I'm convinced of that listening to you. Okay. What was the nature of your injuries? I had a torn labrum in my hip, and it was pretty so bad that they had to remove it. So now carrying all the gear around as a cop and running upstairs and stuff like that is just no longer possible. But I got into a big fight and pretty much just injured it after the arrest. Yeah, I understand. Okay. Wow. Well, thank you for your injured it after the arrest. Yeah, I understand.

Okay. Wow. Well, thank you for your service, by the way. Yeah. Thank you. So what we find around here is, like, I'll give you an example. Twenty years ago, maybe more, probably more than 20 years ago, I was at a point where I didn't have to work any more financially.

And so for the last 20, 25 years or so, I've done what I wanted to do because I wanted to do it. And financially, the only reason I do it is to increase generosity. And, you know, but it's not like I needed money. But the human, I think, I'm just, you know, I was your age when I was having this discussion with myself, oddly enough, because I'm turning 60 this year. So 20 years ago. And you're 40, right? Correct. And so, you know, just there's a dignity and a fulfillment to doing something that you care about.

And you are a person of service. You served in the military. You served in the community as a policeman. And you know security. You know how to handle firearms. There's a lot of ways you could serve at a very high level that doesn't involve kicking down doors or running upstairs. You know, I've got a good friend of mine that was in the SEALs, and then he was in a police force after that, a SWAT team, and today he's the director of security

for a huge company that I won't name because everybody would know who he is and everything else. And the only reason he does that and then he does training. And that's the reason I've run into him because we're handgun enthusiasts. And so I've done training with him, tactical training with him and so forth. But but he just he's wired like you are as a service. I think you're going to be unhappy if you're not serving. What do you think, Christy? You know, it's interesting because even, he's wired like you are. It's a service. I think you're going to be unhappy if you're not serving. What do you think, Christy? You know, it's interesting because even as he's talking, I'm just noticing, you know,

one of the questions I think we ask ourselves through our entire life is, what do I need to do next? And Jason, you're at a spot where you don't need to do anything. And so you're so used to making decisions like we all are on what do I need to do for this goal or this financial goal or whatever that thing is. You don't need to do anything. So you have to ask yourself an even harder question, which is what do you want to do? And sometimes that's a very difficult question to answer. Sometimes all the options can be paralyzing, but it's also a moment of opportunity, Jason, where you don't have anything breathing down your neck. You don't have anything.

You have to hold your feet to the fire. You're probably going to find something you want to do. Like you said, you're doing it because you want to. But without that pressure on your shoulders, you've got options. And it doesn't mean you punch a clock 40 hours a week or you work 80 hours a week. You can do whatever you want to do. Yeah. I tell our team around here, if there's ever something I quit having fun doing, I'll do it for a little while longer while someone else picks it up. But I i'm done yeah i don't have any desire i'm not going to do a bunch of crap that i don't want to do yeah i don't need to it's not arrogance it's just i

don't need to i want to so but i do get you know i i continue to do this show because it's fun you know the idea of serving and helping someone say it again you're in my dream job oh well okay i spend a lot of time with my my friends and whenever we talk about finances i end up talking you know teaching them instead of actually having somebody i can bounce ideas off of because they all want to be on that but they're still like 10 15 years away so it's just one of those situations where i really never have anybody giving me advice. And so I end up watching your show and my own research and that type of stuff. And I'm really goal-oriented.

So when I don't have a goal, because I've hit them all for the most part. Well, you hit your financial goals, and so you need different goals. And I'm worried about going back to work because mostly been in service type jobs. So now, as I can't do that anymore, I mean, I know I have the expertise in sales and stuff. You have the expertise in military and in law enforcement, and you can use your brain and your teaching skills in that area easily. You're going to go do something. You're not going to sit on your butt and go fishing for 40 more years you're 40 years old you're not going to fish for 40 years until

you're 80 you're not going to go bowling for 40 years god shoot me uh or something i don't know whatever the thing is right uh golf whatever it is you're not you're not going to do that there's not there's happiness and dignity in serving. And so find a way to do that and find a way to monetize it because it's a good way to keep score if what you're doing is effective or not. I like the competition in the marketplace. And there's the dignity that comes with that, with the paycheck, with the income that you get from that. Jason, I would encourage you to not only the past experience and expertise you have from what you have done in law enforcement and the military, but even that thing you just said, and you said it kind of like you're joking, like, ha, ha, ha, you have my dream job. No.

What are you saying with that nervous laughter? Is there something where you want to help people with their finances or do coaching or do consulting or help people get to where you are? There's so many options for you of what you can do now. But I would lean in. I tell people all the time, especially through Business Bout critique, lean into the things that make you light up. If there's something that lights you up right now, even if it's different from what you have been doing, lean into that. Don't shy away from it. You've got, you've got an opportunity to do those. And it's that, it's that tough question. What do you want? What do you want to do? It's a fun time to ask it. Yeah. But in terms of do I

need to work? No, you don't need to work financially. Right. Emotionally and spiritually, you do need to work. Yeah. It's good for you. Yeah. And there's times that, you know, I'm doing something because I'm just refuse. I just don't want to lose. Yeah. I can't stand losing.

Yeah. And so I work like a maniac just to win. Yeah. It has nothing to do with the money. Yeah. I just can't stand to lose. Uh-huh. I can't stand to launch a book.

One of you guys with your personalities and it not being number one drives me nuts and so i'm all over it i'm down in there with y'all fighting and looking at the details and getting it out of here or looking at one of our live events or going through all this covid crap and it really wasn't about the company was going to be in financial trouble or something here uh i mean there's about 10 minutes there we worried about that when everybody was worried about everything. But the thing was, it's just now, okay, how can I get through this and not lose? How can we set a standard that's different? The way we reacted to this from a leadership standpoint, how can we do that?

And so there's something like that that lights you up, and there's a lot of different ways that can manifest itself for you, dude. So you're going to be doing something, but choose it and then go win. Because it's actually what you've done twice now in your career. That's a good point, Christy. Very good. That puts us out of the Dave Ramsey Show in the books. Our thanks to James Childs, our producer, Kelly Daniel, our associate producer and phone screener.

I am Dave Ramsey, your host, and we'll be back. This is James Childs, producer of The Dave Ramsey Show. On your smart speaker, you can add our skill by saying, Alexa, open the Ramsey Network skill. From there, you can listen to all our shows. Ask Dave money questions like, how do I invest my money? Or what is the debt snowball? Find out more at DaveRamsey.com.