The Ramsey Show - App - Ask Yourself if Fear or Wisdom Is Guiding Your Decisions (Hour 3)

Episode Date: April 1, 2020

Christy Wright, Retirement, Savings Tools to get you started:  Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

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'm Dave Ramsey, your host. Thank you for joining us, America. It's a free call at 888-825-5225. Joining me this hour and all day today christy wright ramsey personality number one best-selling author of the book business boutique and she's answering your questions about your life your money in the

middle of this crisis how to not be overwhelmed how to stay focused and motivated and how to spend your time how to be successful working from home. Just sense of power. I mean, she's a young mom. She's got three kids, a new baby, just like my daughter Rachel does. They're best of friends and running parallel lives somewhat. And so if you've got questions for her, the phone number, again, we've opened up some lines specific for her, and she'll jump in on the questions I talk to you about as well triple eight eight two five five two two five christy these interesting times you're going to

be doing the uh message of hope series tonight at davramsey.com and at businessboutique.com on youtube on facebook and all over the place we're broadcasting each of those messages of hope by each of the personalities one a night night. Tonight is your night. And you've got some very, very, very important points. I looked at the outline of your talk and what you're going to discuss. I just think this is a good time for this stuff. Yeah, it's interesting because we were just talking about this a little bit ago, but it seemed like a month ago, just a few weeks ago, what I heard from people more than anything is,

I'm so overwhelmed. I'm so overwhelmed. I'm so overwhelmed. I have so much to do. I never get through my to-do list. I never have enough time. Well, then life came to a screeching halt, and now they're feeling the same things. I'm so overwhelmed. I don't know what to do.

I can't get through my to-do list, and I have all the time in the world, but I'm overwhelmed with that. And so what's interesting is the symptom may be different, but the problem is the same. And so really my message of hope tonight centers around this specific time we're experiencing and how, while no one would, no one would have chosen this, we can look at this as a reset to use this blank slate, to create a better life, to look at our life through a different lens, to see it as an opportunity to create something new and different versus running back to the rat race we were used to. And I'm excited about that.

I'm excited to share that. Yeah. People have loved being able to spend time with their families. And there's exceptions to this, but a lot of them, our team is where I got a thousand folks working from home and a lot of them are ready to come back to work. Yes. Yes. Those walls are closing in.

I miss my teammates. Yes. I miss the synergy and the energy and I miss, I like my family, but in smaller doses. Yeah. You thought your house was big enough for you, but those four walls are closing in a little more every day. Yeah. It is interesting that you change what you're grateful for uh when uh life gets turned upside down like this yeah and uh and sometimes you have to look a little

more carefully for what you're grateful for uh the old saying of seeing the silver lining so to speak there's always something there that's a blessing. Yeah. And the middle of it, even when things are going good, there's always something that's not good. Yeah. You know, what's interesting too, is I feel like a lot of the crutches that we use, that we hear, and I don't have enough time. I don't have enough time. I want to achieve these goals, or I want to spend this time with my family. I don't have enough time. That's always been this crutch. And now you have the time. So you can look at what do I, what's actually important to me because I have the time to spend on it another thing is one of the things I think

that keeps us running so fast and so hard is FOMO now Rachel talks about this with comparison comparing your life to everyone else on social media no one else is doing anything right now there's no FOMO there's no temptation to go do what everyone else is doing because no one's doing anything everyone's at home so you have this opportunity to look at your life objectively, to look at your time objectively and say, what do I want my life to look like? What do I want to spend my time on when I don't have this pull towards all these other competing agendas? It's really, it's a, it's a very interesting time for some of us. Your whiteboard got erased and you are now the new architect of your life. Yeah. yeah yeah it's almost a little bit too

I think for some people that are so used to running hard in a certain way it's a little bit of an identity crisis like a lot of us are adrenaline junkies yes myself included I'm like what do I do with this space and how do I just you know so it's it's an opportunity though it's like we've been saying you have the lens you an opportunity to look at anything through a certain lens and you you can look at this as an opportunity to truly change what your life looks like after this because it's a blank slate it's really cool yeah and it is a good time for some introspection uh some spiritual growth out of the abundance of the heart the mouth speaks and some folks have been speaking things they shouldn't yeah uh they're afraid and they're being mean and unkind to others uh they're managing other people's business they're not managing their boundaries uh and they're being

nasty yeah and uh you know nasty to their own. And some of you need to take a pause and go back and just, you owe some people an apology. Yeah. The way you've been acting. And it's a good time to just kind of stop and reset on that, too. And just, you know, there's a difference between doing and being. And in a moment like this, you just get to be. And if you're not careful, you do so much you forget to be. And when things are busy and the adrenaline rushes there.

And so, you know, be careful with that tongue. The tongue of the wise brings healing, the Bible says. But, you know, some people's tongue is like a sword thrust. Stick them all the way through and just pierce their hearts if you can and it's just ridiculous the uh the the way that some folks have been acting and um i've had to catch myself yeah in the middle of this because i've got some pretty strong feelings about pieces of this and uh right or wrong you know i still feel that way right and i had to catch myself and go yeah but that's the way that guy feels right and i don't agree with

it but i i i get that he feels that way yeah and it's not my job to make him feel yeah uh i do i got a full-time job taking care of dave it's like we were just talking about even with the example with the family it's like it's you're allowed to feel whatever you feel run your life how you want to run it make the choices you want to make but for some reason that's not enough for us sometimes we have to make sure everybody else feels the way we feel and does what we think is right and in a time like this I would just say everyone is doing the best they can with the information that they have and we may not agree with it but man there's so much information out there and Rachel and I've talked about this of just having grace for someone that thinks different than you, that feels different than you, that's behaving different than you. No one in our

lifetime has experienced something like this. We don't have a playbook for this. We don't have a blueprint. We're all just navigating this the best that we possibly can. But I love how you keep coming back to checking yourself because that's all you can control. Watch what you're saying, how you're responding to people, because that's really that's the only thing you can really control in this situation is yourself. One of the few things you can control the controllables and you control your attitude and you control your mouth or you should control your attitude and you should control your mouth. That's called being a grown up. And so, you know, in these moments of quiet, there's some introspection for that. And you can decide, am I going to be the victim? My friend Donald Miller talks about this all the time. Am I going to be the hero in the story?

Or am I going to be the villain in the story? Or am I going to make someone else out to be the villain? Why don't we just work on being the hero? Just work on being the hero. It brings out the better parts of who we are. That's good. Christy Wright with us. This is The Dave Ramsey Show. One of the questions I get all the time is,

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rates available from the only plans I recommend. They also save you time whether you want to work online, over the phone, or via text. Their team will cater to your needs and help you make the right decision. This is an absolute necessity, and Zander has made the process easy and convenient. Call them at 800-356-4282 or visit zander.com for instant online quotes. thanks for joining us america jessica is in arizona hi jessica welcome to the dave ramsey show hi thank you both for having me on. Sure. What's up? Okay, so my husband and I don't want to act in fear. I mean, we know that the market is pretty much on sale right now. And we also don't want to be unwise, though. And we're really just wondering

if and at what point we should pause Baby Steps 4, 5, and 6 and just stockpile cash during all this chaos. Why? My dad is stable. I'm a teacher, so I'm not worried about that. But my husband does own his own practice. He's a chiropractor. We don't think, based on our state, it will be shut down.

But obviously, patient visits have dropped dramatically, pretty much in half at this point, and we just don't know how long this will continue, and, you know, he wants to make sure he's able to pay his staff and continue to do those things, so we're just not really sure how to analyze it. Does he have retained earnings in his chiropractic office? He does. How much? He does. I think between, like, checking checking and savings it's about a hundred thousand dollars how much staff has he got he's got another doctor in there and three four employees okay so what's it taking him a month to pay them fifteen thousand bucks

yeah i think like 10 to 15 somewhere around there so it could make it like 10 months with no income yeah he said you know especially on bare bones they could they could go a long time yeah um yeah i don't think why would you need to pile up cash sounds like you got a pile of cash okay that's kind of what we were debating yeah i mean if there's a reason, yeah, if you look up and you go, okay, if his revenue disappears for two months, you're fine. Right. You can eat off of your all's income at home, and we'll use some of that $100 to pay the bills down there, right? Yep. And you could even ask them to skip a little if you needed to, but I don't even think you'll need to.

But if you told me, you know, you had $10,000 down there, yeah, I'd probably stop and pile up some cash to help his practice survive because he may go, you know, at two months with the equivalent of two months of revenue. Oh, it may be over the next four, but he's probably going to lose some revenue. And so, but, you know, what i've been telling our folks internally here and and the entree leadership tribe and christy's been telling the business boutique tribe people running businesses is it is very difficult to slow down as a leader and make calm decisions based only on the facts and the facts are you guys have a big pile of money, and it would have to go a long time before you would need more, unless I missed something.

I don't think so. I think it's just, again, that he's worried about his staff and just making sure that they're taken care of. I am too. I am too. But I think my point is the facts are that they're taken care of. Okay. You know what's interesting, Jessica?

The question that you asked, I'm asked all the time from people. They say it's something like this, Dave. They say, is this fear or wisdom, you know, guiding my decision? Is this fear or wisdom? I can't discern between the two. And I always ask them, what are you afraid of? And if there's a practical factual answer well i'm afraid of not being able to make payroll because we have no retained earnings

okay okay there's wisdom there's wisdom there that's when wisdom is guiding your decisions when i say what are you afraid of and they say i don't know i'm just they don't have an answer that's when it's this boogie monster it's this elusive shadow that's just haunting you that's like no he's afraid of not being able to pay the staff right he's got the money he's got the money that's what i mean it's when it's unfounded when there's no facts to back up the fear when you look at this and go hey i looked at the numbers and i am okay then that's not something you need to be afraid of that's wisdom that you've got the cash piled up you're okay plenty of other things to be worried about sure sure but i found that that helps you discern between the two.

If you can answer the question and there's a factual reason, then, yeah, we need to make some decisions with wisdom. But if it's just this sense of fear because of what's going on in the world or, you know, we don't have an actual numbers to. But, you know, dial it back in the case of Ramsey Solutions, okay? We've got 1,000 people here responsible for paying the payroll. And so what are we doing well when and if revenues turn down and they likely will right in this environment um then we have to measure against that right uh but until they do i'm not going to start measuring against it because it might happen right i'm watching it literally every day where I used to look at it maybe once a month. And we're watching all the leading indicators of

the revenue, the metrics and the accounting pieces and all that in a business's size. There's all kinds of things you can measure and look at. And our guys are really good at helping me do that. And we've got a great leadership team to pull that off. But what I keep telling our guys is we're going to make decisions based on not what we think could happen but based on what is literally happening right and uh and no it's not too late we're going to say when if something bad happens then we'll do b if something good happens then we'll do a and so we've got a flow chart figured out the decisions are already made if and when it turns up or down. Right.

And if and when this occurs or that occurs. And you can put in your flow chart decision making. But what I'm trying to work with our leadership team on and even in my own head space between my own little ears is to say don't oversteer. Don't overcorrect for something that isn't there yet. Be prepared. There might be a bridge out ahead, but we don't need to get off until we get up there. We don't need to get off at the exit until we get up there, and there's

an actual detour sign because the bridge is really out. Not we heard a rumor that the bridge might be out, so we're going to cancel our trip. And that's what I keep trying to do. And every time i say that about the coronavirus uh you know then you just get eviscerated you're not allowed to say that uh about the mathematics of the coronavirus because people just go bananas and i'm satan's child because i bring that up but all that all i'm trying to do there is say

let's deal with what is really there. And yeah, you can look at the scenarios of what might happen, good or bad. You can look at when the curve flattens, if there's a curve, how it flattens, over what period of time it flattens, all that kind of thing. And you can run those scenarios out. But in case you haven't noticed,

those are changing daily too. Right. And you don't have to be Satan's child to question authority. It's a good thing to question authority. But boy, people get pissed off. Some of you have lost your ever-loving minds. It's a hoot to watch how you misbehave.

Because Dave Ramsey is reckless and irresponsible, and he's putting his employees' lives in jeopardy. And yeah, I'm doing all that. I'm purposefully trying to kill my employees. What a dumb butt thing to say. Well, what's so interesting is this fear, and we've been talking about this, but even in light of this question, this fear can be so consuming, it actually becomes your reality and steals your presence, steals your joy, steals your peace, and you're fine. Like you can feel, I've been at home just from, you know,

either listening to someone or hearing someone, and I noticed, Dave, my chest is tight and my breath is short, and I feel myself getting it. I'm like, I'm fine. I'm at home. It's like we have to watch what we put in our minds. We have to watch what we watch, what we hear. We have to look at the actual facts, your situation, for example.

You've got that pile of cash. Your employees, which you're worried about, are going to be fine. By by the way you've done a great job you're set up for success incredible and and when you look at those facts it allows you to realize like like you said with the the bridge analogy hey if something happens i'll deal with that i'm gonna be smart and wise watching the dials watching the revenue watching the the savings and so on but today i I am okay. Today I am safe. I am healthy. I've got savings. I am okay. And so I think that when we look at what the moment that we're in being wise about the future, but not letting that fear steal your joy from your present, that's really important in a time like this. Yeah. Dave, what if my retirement is down because stock market's down because of coronavirus when I get ready to retire.

Well, so what? I don't know. Let's say you got $500,000 in your retirement in your 401k and it goes down to $400,000, okay, which is probably about what it's done roughly. And you retired today, right in the middle of this. Well, you weren't going to cash it all out anyway. You were just going to live off the income. So you've got a little less income. But you didn't lose your retirement. You didn't lose your income from it. And you don't want to cash it out now anyway,

but you weren't going to cash it all out anyway. You're going to leave it in there and let it pay you. And so you're not going to move it anyway. So it doesn't change your retirement plans. But we get all caught up in the drama of the stock market, and the stock market's a drama queen for sure christy wright joining me this hour this is the dave ramsey show Folks, I love telling you about well-made, well-thought-out products. Today, I'm talking about Grip6 belts.

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fit the style of your belt you can replace them for free plus i like the way these guys do business grip six is determined to help build and modernize american manufacturing to learn more and get this month's dave ramsey special visit grip6 special, visit Grip6.com. That's Grip6.com. Calling from Louisiana, Taylor and Kayla are on the line to do a debt-free scream. Hey, guys, how are you? Hey, Dave, how are y'all? Awesome. How much have you paid off? $68,224.

$68,224. And how long did this take you? 19 months. Wow. And your range of income during that time? It was right around $55,000 the entire time, Dave. Plus or minus any side work we could do, anything we could sell as well. Cool.

What kind of debt was the $68,000? We had medical, student loans, vehicles, and a lot of credit. Did you sell anything big? We sold a truck, one truck. What did it sell for? Well, I owed $28,500 on it, and I tried to sell it on the private market for about a year, and I couldn't sell it. So I finally went to a dealership and asked them what they could give me for it. And they ended up giving me $10,000 for Dave. We saved up $8,500.

So I wrote them an $8,500 check and took out a $10,000 personal loan that we paid off in the next couple of coming months after that. Wow. Okay wow okay so 10 000 of the 68 was from selling stuff and the rest of it you plowed through in 19 months yes sir wow so what started this journey 19 months ago well uh we were me and my wife were talking about it and i asked her when we actually started this and it was uh two months we did our first budget two months before our daughter was born, our first kid was born. So a kid changes everything. Sure does.

It gets us rolling for sure. It changed my whole mindset of everything, everything. Yeah, tell me a little bit about that because I think for me, whenever I remember when Matt and I were expecting our first son, Carter, you start feeling, or at least I felt a different sense of responsibility for your home, for your finances, for your future. Tell me a little bit about kind of what were some of the conversations y'all were having around that time that kind of got you in gear? Oh, well, we just started thinking about the future. I didn't want certain things to be certain ways. I know tons of people that are peers that are in

tons of student loan debt and with career paths that really have went nowhere. Some of them that have went to college for three years on student loan debt and ends up failing out of college, and now they're working jobs that they can't really afford. I don't want our kids to have to do that. If they want to go into business, I'm more of the entrepreneurial mindset. So if they want to be able to go into business, I want to be able to do that if it's a good business idea. If they want to go to college, I want to be able to do that if it's a good business idea. If they want to go to college, I want to be able to fund that if it's a good career field. I'm not, no left-handed puppetry, Dave. Amen. Well, good stuff, guys. So what do you guys do? What do you tell people? The secret to getting out of debt is you paid off $68,000 in 19 months. You are officially a success.

You are officially heroes. So how did you do it? I think people need to learn what the word no means. Just say no. We said no a lot, and people around us really don't understand what that means for some reason. It's a complete sentence. I don't understand why they don't understand what it means. But in South Louisiana, where we live at,

we have a party culture and a very social atmosphere and just had to give up that. You can't be out on the river every weekend spending hundreds and hundreds of dollars and expect to get anywhere yeah absolutely it's exactly right and it's easy to do it's easier to go out there and spend the money than it is you know and stay in debt and just kind of wallow along uh what you did was very very hard but now especially with all this garbage going on out there, this crisis going on, all the shutdowns going on, to be sitting here debt-free has got to feel amazing.

And not only that, Dave, but as of today, our Baby Step 3 is also fully funded. Yeah, wow. It's actually really relaxing. I'm a general manager at a restaurant, and I've been able to not really have to focus on how are we going to pay our bills. I'm able to focus on how are we going to keep our employees employed. So I've been thinking of different ideas to bring in revenue, and I've been able to focus on that and not have to worry about how am I going to pay my car note? How am I going to keep my car from getting repossessed?

How are you going to feed your baby? Yeah, you don't have to worry about that. I don't. Yeah. Very cool. So, Kayla, it sounds like Taylor is pretty hardcore. Yeah. I got a question about this saying no, Taylor.

Is saying no easier for one of you, or are you all both pretty good at it? No, we're both pretty good at it uh no we're both um pretty pretty good at saying that we're introverts by just by nature so we we enjoy we live on 40 acres and it was not hard for us to just go walk a mile around our property and just be together with our family so that's awesome. Quite easy. That's awesome. Well, well done.

Very cool, you guys. We're very, very proud of you. Who were your biggest cheerleaders outside the two of you? No one, really. Yeah, I mean, not too many people really knew that we were even doing this, to be honest, and the ones that kind of uh heard your name come up in conversations i guess they probably think of your name as a cuss word i've heard the rumor they just don't understand it and that's fine they i'll love them where they're at like you say and i'll just keep moving

along yeah well way to go you guys we are very proud of you no doubt you're heroes in our book and so uh we're very very very cool very cool got. Got a copy of Chris Hogan's book for you, Everyday Millionaires, because that is definitely the next step in your process, without a doubt. And so congratulations, you guys. Taylor and Kayla from Louisiana. $68,000 paid off in 19 months, making $55,000, living on nothing, selling the truck, doing what it takes, and saying no a lot. Count it down. Let's hear a debt-free scream.

Three, two, one. We're debt-free! Yeah! Yeah! Yeah! Oh, man, a young couple with no payments and a fully funded emergency fund, and it makes you look at the corona shutdown, loss of jobs. He's dealing in the restaurant business. All of them lost their jobs.

And how can he get those guys working again? That's all he's got to concentrate on. He doesn't have to concentrate on feeding his baby. It puts you in a different position. I always think of the old story. Our parents used to read us when we were little kids, and I guess every generation has in recent years anyway, the three little pigs, the straw house and the house made of sticks and then the house made of bricks.

And all we're saying and have been saying for 30 years is build a house of bricks. Yeah. Be debt-free, have an emergency fund because the big bad wolf is going to huff and puff. Who knew his name was Corona? I didn't know it. But who knew his name was whatever it was last time it was, you know? Yeah. Who knew his name was 2008, you know, housing bubble burst? Who knew his name was 9-11? who knew his name was 2008 um you know housing bubble burst

who knew his name was 9-11 who knew his name was y2k uh i didn't know what his name is but i knew he's out there yeah and he's gonna huff and he's gonna puff and he's gonna blow your house down uh and it's just it's horrible to go through we had a horrible tornado come through here and um out of our thousand team members we had two of them uh completely well three of them had to be displaced but two of them were renting uh one of his personal residents i don't know how they lived it the pictures of the house were amazing uh completely gone of course uh they're now we have found a rental and of course it was several weeks ago and he's he's working and great great guy,

and certainly our team has rallied around him. But he had insurance. Insurance companies providing him a rental. Insurance companies bought him new furniture. He had an emergency fund. He had a team around him. He didn't have any debt. We helped him.

We fed him. We did everything. But really, I mean, he's got to get a new house, but his family's all okay. And financially, they won't skip a beat. Yeah, you experience the whole thing differently when you've got that foundation. Yeah, it is a different experience. That's exactly right. And that's what we want for all you guys.

We're not saying I told you so if you hadn't done it, but we are saying this is your time to change, and we'll help you. This is The Dave Ramsey Show. you hadn't done it but we are saying this is your time to change and we'll help you this is the dave ramsey show you our scripture of the day first corinthians 15 58 therefore my beloved brothers be steadfast immovable always abounding in the work of the lord knowing that in the Lord your labor is not in vain. Benjamin Franklin said, without continual growth and progress, such words as improvement, achievement, and success have no meaning. Our question of the day comes from blinds.com. They have a 100% satisfaction guarantee. Means even if you mismeasure, you pick the wrong color, you screw up,

they will still guarantee it and make your blind over for free. Free samples, free shipping, new promos all the time. Always use the promo code RAMSY at blinds.com. Christy, our question is from Tara in Idaho. I know you say not to jump off the investment roller coaster, but I wanted to see if this holds true even for small investments. I just reached this baby step when all this corona started and had only achieved a balance of $2,300 before the stock market dipped.

Now I have $1,600. Being such a small balance, do I still continue and leave it untouched? Is this the point where the balance gets low enough, or is there a point where I should take it out? Christy? Yeah, I mean, the principles apply regardless of the amount, right? Like you're staying on this no matter what. You don't want to take it out at the bottom no matter what.

Yeah, you don't want to lose money. Yeah. And when you sell at the bottom, you've locked in your losses. You've guaranteed that you're going to lose. So just keep riding and keep investing. And if you're at baby step four, keep putting your 15% in. That's what I'm doing. Now, the only reason you would stop doing that

is if your incomes have been interrupted. If you're in one of the industries where you've lost a job and you've not been able to replace that income or you think you're about to lose your income. I don't know what the next 30 days is going to bring for real estate agents, as an example. It'll have to show houses if people are confined to them. So I don't know what the next 30 days is going to bring for real estate agents, as an example. It'll have to show houses if people are confined to them. Yeah.

And so I don't know. I don't know what's going to happen with car dealers, as an example. I don't know how many cars are going to sell in the next three weeks. I suspect there's going to be a dip, maybe a tank. I don't know. So what business are you in? Where is your income coming from? Do you need to stop all your baby steps, not take your money out of the market,

but just stop investing and pile up cash right now because you're right square in the middle of Katrina, you know, and, you know, the hurricane is here. And if that's not the case, then you just keep investing. I'll give you an example. I'm continuing to invest. I haven't pulled a dollar out ever when there was a downturn. Have I pulled a dollar out because of a downturn? I've never done that. I just didn't. I do what I'm going to do with the investments regardless

of what the market's doing. I do not try to time the market. I invest. If you're trying to jump in and jump out based on when it's hot or when it's not, that's not investing. That's called speculating. And there's very few data points, very few pieces of research indicate you make money doing that. As a matter of fact, 78% of the day traders lose money. This is an issue of hope. Do you believe?

Yeah. Hope deferred makes the heart sick the proverb says but when desire comes it is the tree of life we're doing a message of hope series started last thursday night and you can watch the one from last thursday night with me uh chris uh ken coleman and rachel cruz whoever those people's names are and uh you see my you said my YouTube channel, you can watch it there. It's posted there. It's posted on our Instagrams. Millions of people have watched that one already. And then we decided each of the Ramsey personalities, there are six of them would do a, their own

message of hope. Rachel was Monday night. Uh, Chris Hogan was last night. Christie Wright is tonight, Wednesday, uh, April the 1st, and that's not an April Fool's joke. Dr. John Deloney, Ramsey personality, newly minted, is Thursday night. Ken Coleman, Friday. Next Monday, Anthony O'Neill will be with us. Financial Peace University is a 14-day free trial right now.

We're trying to do so many things we can do to help you guys in the middle of this and cost you as little as possible. We know that if we help you, we will get credit for it. We just know how that works. And so go to DaveRamsey.com slash hope. There is a plethora of offerings there at free or near free, all kinds of goodies. The main one being that the first time in 30 years, we are offering for the entire Financial Peace University course a 14-day free trial,

meaning you can binge watch that instead of Tiger King. You probably got time on your hands to do both but i would not you know recommend doing smart stuff putting good stuff in your brain and uh there's there's some crazy stuff out there uh the other thing is that our smart dollar team which smart dollar is the uh it's the curriculum that hr directors use to teach our stuff to their team as an employee benefit, financial wellness employee benefit. And the Smart Dollar team has decided what we're doing, and I completely endorse this, is that if you have a company and you've had to lay people off, we will furnish Smart Dollar for them.

They can go through the curriculum free through the end of the year. And that gives them access to every dollar. The budgeting apps gives them access to everything. It's an incredible time, and that's an incredible offer. So if your company's laid you off, contact your company. Say, hey, get in touch with Ramsey, and Ramsey will set it up, and as many people as you have laid off, we'll let them come through the end of the year for free.

The current employees, if the year for free the current employees if you want to take the current employees through because right now they're worried about money and they want to get their hands on some material on how to control their money and you want to provide that as an employee benefit uh you can do that with a free trial right now get in touch with us and we'll help you get it set up on a free trial because i know a lot of you're conserving cash in this next few weeks to see what's going to happen and how quick this is going to turn. We have spent, and you've been involved in a lot of these meetings, Christy, we've spent an immeasurable amount of time in the

past eight days trying to figure out things we can put forth like that that we already had here, but redesign them and repurpose them and push them out. Yeah, just trying to meet people where they are, trying to serve them in new ways or make it easier on them to get the help that they need. And, you know, I'm one of six Ramsey personalities, like you said, but each of us have shows, platforms, products, services, so many things that are free that can give you the inspiration and information you need to get through this tough time. But also, like you said, start laying that foundation of that brick house of the three little pigs so that you come out of this and not only have you survived this season,

depending on your job, your income, your situation, but you're starting to manage your money and your life in a different way where when something like this happens again, you're stronger than ever before because you changed your life. You saw this as a chance to like, this is a wake-up call, and I'm going to do things differently. And we have so many resources uh to help you do that you know it could be that um you lost a job but you know ken coleman tells us that the statistics say that um you know 68 percent of americans don't like their jobs anyway so this may be like you know you you just hadn't

quite got up the energy to change jobs. And so now you don't have one. And so it's perfect. Yeah. You know, it's a great time to change jobs. Yeah. And find something you love doing. I talked to my friend Stephanie May Wilson just the other day, and I was asking her about this whole coronavirus and how she was experiencing it.

She and her husband experienced two layoffs each in their first year of marriage. And because of that experience, they were kind of, like you said, pushed out of the nest to go start their own thing, start their own business. They have this successful business together now that they never would have done otherwise, maybe not had the courage to do had they not experienced that layoff. You have to. Those layoffs. Yeah, we've never offered Financial Peace University a 14-day free trial, but we feel like that that's the right thing to do right now.

In a sense, we have to. Yeah. In a sense, we do. And so we're trying something that, you know, we'd actually discuss split testing that idea and maybe doing a seven-day free trial as a marketing thing, you know, and we discussed 14-day or seven-day. We thought, well, we'll split test it and run some small samples and see what the conversion rates were and all that kind of thing no baby it's game on it's a whole enchilada everybody's got it we dump it out there and just by god see what happens you know we've been talking about businesses getting scrappy with serving their customers but even in your life you're getting scrappy with what job you take or maybe you're starting your own thing or maybe it's a combination of things to get through this time.

And you're going to learn something about yourself, something about what you want to do that you wouldn't have learned otherwise. Some of the crap you own that you don't need. Yeah. And you really start to realize it right now. Oh, yeah. Yeah. Time to clean out. You know, so there's good things that come out of all this pressure.

There's good things that do. So, Christy, thanks for joining me. Thanks for having me. Ramsey Personality, Christy Wright. She will be on tonight at DaveRamsey.com and check her out at BusinessBoutique.com and all the YouTube and podcast channels where we are. You can find her everywhere. We'll be back with you before you know it. In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. content on our YouTube channel. Catch the most watched Dave rants, debt-free screams,

and the very popular Everyday Millionaire seconds. Go to the Dave Ramsey Show YouTube channel and click subscribe.