The Ramsey Show - App - Banks Aren’t Even Bashful About Screwing Their Customers! (Hour 2)

Episode Date: April 6, 2023

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I don't know what to do next", Why whole-life insurance sucks, from the blog: What Is Whole Life Insurance? "How can the FDIC afford to insure everyone's money?" from the blog: Why Your Money Is Safe in a Bank: A Look at FDIC Insurance and What It Covers. How Rocket Mortgage is screwing their customers. Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET 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 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. Jade Warshaw, Ramsey Personality, is my co-host today. Open phones at 888-825-5225, 888-825-5225. Susie is with us in Wyoming. Hi, Susie. Welcome to The Ramsey Show.

Hi, how are you? Better than I deserve. How can we help? So I am a little nervous. I'm excited to be on. My husband passed away about 18 months ago. Oh, I'm sorry. Oh, Lord. How long were youall married, honey? He passed away the day after our 23rd anniversary. Gosh. Wow. I'm so sorry. What happened to him? He had COVID. Oh, ouch. How old was he? um he was um 43 whoa sorry to hear that my goodness oh baby girl how can we help you today um well i uh we were never really good at handling money before he passed and and i have no clue um

i don't know what to do with anything money-wise now. So I'm just hoping for some advice. Where do I even start? Are you working? Yes, I'm a Head Start teacher. I teach preschool. So what do you make? Contracted, I make about $34,000 a year. Last year we had a few bonuses because of COVID stuff. So last year was $42,000.

How much have you got in bill? How much do you have in debt, not counting the house? The only debt I have is my student loans. It's just over $27,000. Okay. Do you rent or do you own the house i rent how much is your rent about nine it's nine hundred dollars a month okay all right where is level wyoming what's that close to next major city um um we're right up by the border of montana um billings montana okay you're familiar with that yes ma'am okay trying to think how i can get how we can get our arms around you and help you walk through this okay um so uh the good news is that uh we can show you how to do this. Okay. And it's not rocket science. You don't have to go get a master's degree in finance.

You just have to say, I want to learn how to handle money, and I'm going to do what it takes to do that. Because there's going to be changes involved. Okay. Anytime we're not managing an area of our life and we start to manage that area of our life, it is an emotional strain. You know what I'm saying? Yes. Like I ran into one of my guys who's one of our senior guys on our technology team downstairs a while ago, and he's lost 68 pounds. Pretty impressive.

I told him, I said, man, you look like you lost a Backstreet Boy. And so pretty incredible, you know. But you know what? To do that, he had to dramatically change his food intake. Agreed? Yes. And change his exercise regime. Agreed?

And to do all of that means that change over what he was doing is emotional emotionally hard work and you're going to have to do some of that are you okay with that yes when you show you how to do it you're just going to have to do it and it's it's at first learning a new skill of anything learning a new skill of him eating less or you managing money for the first time is strenuous until you've done it a while and then it's not strenuous at all. It's automatic. That's right. Well, yeah, because initially you're going against the grain of what you used to do or what's habitual for you to do or what you know to do. But we're going to teach you things that are going to be contrary to that, but ultimately they're going to be the best habits

for you. And I'm guessing we're going to give you Financial Peace University. Absolutely. We have a nine-week class called Financial Peace University. We're going to be contrary to that but ultimately they're going to be the best habits for you and i'm guessing we're going to give you financial peace university absolutely we have a nine-week class called financial peace university we're going to give it to you okay we're also going to give you what's called every dollar which is the world's best budgeting app and it connects to your bank and it's how you're going to do your budget because from today on you're going to tell money what to do instead of being stressed when it left. You're going to make it behave. It's a misbehaving kid, a misbehaving dog, and you're going to tell the dog to go to the corner and sit, and it's going to learn to sit.

You're going to make it behave. You know what I'm saying? Yes. Because it feels kind of like it's wild like it's out of control right now doesn't it yes like it's hard to conquer this thing and you're going to rise up above it and make it behave and we're going to show you how it's doable but um that that budget is how you're going to do that uh among other things giving every dollar an assignment before the month begins and here's what's going to happen it's going to be very weird for you you're going to

get a sense of peace and a sense of power over this money thing that you've never had in your life if you'll do the stuff we teach you okay you can do it you can do it anybody that can handle kindergartners can handle money. They're a lot harder than money. Money does what it's told. It doesn't have any drama. It just does what it's told. Okay.

Kindergarteners are full on body drama. And so it's true. Yeah, for real. So the second thing I'm going to do is that we're going to put you on hold you're going to sign up for sign you up we're going to pay for it for financial peace university for every dollar plus and then we're also going to pay i think we've got one of our ramsey coaches in billings and uh oh and we will get a personal coach for you to sit down with you and walk you through all of this as well and all of its at no charge to you okay oh thank you yeah so and and here's the thing you can do this this is the most heartbreaking hard time you've ever been through in your whole life I suspect yes yeah I'm so sorry but the the good that

will come out of it is is you're going to get control of money for the first time in your life. And we can do that for you. And that will add peace to the other areas of your life. Yeah. That's why we call our program Financial Peace. Yes. If we show you how to do all of it, are you going to do it? Yes, I will.

I'm already committed. Okay, good, good. Well, we'll take care of you. And, Susie, we're here to help you anytime. You call us as many times as you need to. Call that coach that we're going to set you up with as many times as you need to. You go through those lessons as many times as you need to. There's nine lessons in nine weeks.

You can go through them all. You can binge them. You can go back through them, back through them. Sometimes it takes a little while. And stay connected to us, too. Listen to the show. Get in on that Facebook Baby Steps community and surround yourself with people who are doing what you're doing.

If you're not plugged into a good church, get in one. Those of us that call ourselves Christians, one of the mandates of the good book is to take care of widows and orphans. And that's one of the things we've been doing here for the last five minutes. So we're here for you, kiddo. I'm so sorry. This is The Ramsey Show. Jade Warshaw Ramsey personality is my co-host today open phones at 888-825-5225

hey if you like what you hear please subscribe to the show follow this show uh leave a five-star review for this show and share the show when you do all of those things it helps us we need your help it's a way you can help us we appreciate you let people know that we're here gonzola our gonzala is with us gonzala how are you that was good how are you better than i deserve how can i help well thank you for what you do um i am six months into a cash value insurance policy. I'm sorry. Life policy. Yeah, this was before I started hearing your podcast and the way you feel about that. I did stop contributing to my 401 to make the payments for this.

You know, the payment's about $1,000. Oh, gosh. I do have some of my 401 still, you know, I'm still contributing to it, which is the amount that my employer matches. So I'm taking advantage of that. So I am six months into it, and I wanted to know if I stick with it or you think I'm better off cutting my losses. If you had a suitcase of money laying in the back seat

and the back door flew open and it was flying out, what would you do? I'd probably stop it, yeah. Yeah, you'd probably close the door, end it. Yes. That's what's going on. You're getting screwed, man. Yeah. Big time.

It's the world's worst. I mean, the whole life is the payday lender of the middle class. It's an absolute horrible set of mathematics. It's the worst investment product on the market by far. The only people that sell this stuff are the people that sell this stuff. They're the only people that believe in it. I mean, all the rest of the financial world looks at this and goes, oh my God. And it's just, it's trash. So yeah, you need to do your investing in real investments, not in something that has a poor rate of return. And when you die,

they keep your money. And that's what whole life is now this policy this whole life policy before you do get out of it we want to make sure that you get into a term life policy at the very least have you got good term insurance in place already i have about the same amount uh benefit a couple of separate policies so i don't necessarily have the need for it um the the reason why i went with this was an investment i mean that amount being tax-free correct and no taxes at the end that was the selling point and that's what got me um you know why there's no taxes you know why there's no taxes at the end because you didn't make any money. And they never tax you when you don't make money.

Okay. If you put money in a mutual fund and it does not go up in value, there's no taxes at the end. Correct. If it goes down in value, there's no taxes at the end. If they take so many fees out of it that the net, net, net to you is no gain, there's no taxes at the end. Oh, and by the way, when you borrow money, even if it's your own money you're borrowing, which is what a whole life is, borrowed money never has taxes. You go get a loan at the bank, they don't give you a tax on that loan. There's no income tax on borrowed money, even if you're borrowing your own money.

And so if you put a CD in the bank and then you go borrow against the cd and take out a loan there's no taxes on that of course there's no taxes on borrowed money so that's the biggest scam in the freaking universe there's no taxes of course there's no taxes because it sucks yeah they don't usually charge you on something that sucks this bad yeah please please sir please please cancel this stuff. Please cancel it. I hope I haven't been unclear. All right, Matt is in Baton Rouge.

Hey, Matt, how are you? I'm doing well, sir. Thank you for taking my call. Sure, what's up? I just have a quick question. So I'm a relatively new listener, and I started listening just in time to hear you talk about the bank craziness going on and I'm just curious this might be a really stupid question but how can the FDIC ensure every deposit under $250,000 where do they get the money and I'm not even exactly sure what the FDIC

is can you give like a brief crash course rundown sure it stands for federal deposit insurance corporation it's the federal government writing insurance against your bank's failure now do they have a pile of money equal to everyone's covered amount absolutely not but your insurance company does not have a pile of money equal to everyone's covered amount? Absolutely not. But your insurance company does not have a pile of money equal to everyone at State Farm totaling their car this week either. If everybody totaled their car at once, State Farm's gone. They don't have that much money. Gotcha.

Okay, what they're running is they're running probabilities, statistical probability of this occurring. And so if enough banks went down at one time to destroy the amount of money that the federal deposit insurance corporation, the federal government could get their hands on, that means the entire American economy has collapsed and you should buy a gun. Gotcha. Gotcha. So it's publicly funded.

No. Well, Matt, think of it like how your insurance works. If you have State Farm, everybody's paying their premium and they're paying into this big pile of money so that when somebody needs to actually use their insurance, there's money there. And it's the same thing with FDIC. These insured banks are paying premiums to FDIC. Okay.

So there's a big stack of money. The banks fund the FDIC with their premiums, but they don't give it enough money to cover all bank failures that are simultaneously occurring. No. Gotcha. But it is a lot of money. It's plenty to cover anything that's actually going to occur. Yeah. that's actually going to occur yeah but if uh but but the mathematics are to your point matt uh the mathematics are just like if all of state farm autos had a got totaled in one month they

would there's not enough they don't have the money to cover all that because they're running it on probabilities and so this is an insurance policy based on a you know a a projected number of bank failures in a given decade plus a lot. And so it's a very conservative set of mathematics, meaning you could have a whole bunch of banks fail. We had a lot of them cashed out, FDIC, and went belly up. FDIC took them over, resold the banks. The sale of the bank, the money goes back into the insurance policy as well to cover but that happened in 2008 a lot more than that's right in the last three or four months or so

so but if you had um 25 000 banks crash at one time there's not enough money and by the way if 25 000 banks crash at one time we got issues life. Life as we know it in America no longer exists. That's right. There's a whole lot of other crap that goes with that. That can't be just an independent thing. You got to understand that if that occurs, everywhere you shop is out of business. Oh, yeah. We're looking for clean water and supplies.

Exactly. Yeah. We're not looking for gold. Yeah. That's exactly what we're doing. But it's a good question. It's good something to think about so um no and it's good that you know we do a little bit of education occasionally here jason's in dallas texas hi jason how are you hey how are you today better than we deserve how can we help appreciate you taking the call and condolences to your caller suzy as well that

was really sweet what you did for thank you um you. With her losing her husband. So, you know, I have some issues and I have some kind of questions. I'm sure that you'd get to the questions through the issues. But a few years ago, probably four years ago, my wife and I picked up and moved from our home in Los Angeles. We moved out to Texas. It was about a year before the pandemic. I felt like something was going to happen. I'm just seeing where LA was going. Jason, I don't want to be rude, but I am up against the clock. Go ahead and just ask me your question. So we have a new business and a new baby, a lot of debt. Um, when I had the baby last year, I was trying to pay us, you know, a top salary, but I feel like I'm now bleeding my first baby, which is this new business. Um, I'm trying to get my real estate license to supplement some income,

but what do I sell? What do I get rid of to prioritize, um, the debt while also keeping up with this big new, this big new thing in my life, which is just trying to raise a new kid. Amen. Well, very cool. Hey, we're going to put you guys through Financial Peace University, too, because I am up against the clock. I'll make sure you get served, okay? But in the meantime, you got big, hairy car payments?

Get rid of the big, hairy car. You need to prioritize very carefully and keep that business running because it's the golden goose that's laying the eggs. But don't leave a bunch of extra money down there and don't do a bunch of reinvestment down there. Take it home and clean up the mess at home. It's a balancing act between the two. I wish I could give you a more detailed answer. Hang on. Austin will pick up for you. jade washaw ramsey personality is my co-host today open phones at 888-825-5225 there's a new movement in the financial world the banking world to do advertising with a narrative of how much they're here to help when a bank says they're here to help you should act like the government saying they're here to

help okay you should say oh my gosh i mean so let me give you an example if you you know sofi spent 300 million dollars last year on marketing and advertising with sweet little people on the screen going, we're trying to get out of debt and we're working our way out of debt. Do you know what SoFi does? They sell debt. Hello? Is this thing on? Hello?

Are you out there? You know what we call that, Dave? We call that a catfish definitely that's a catfish with no mustard yes catfish with no mustard parading around as one thing when really you're it's like a wolf in sheep's clothing yep it's like a cat pretending to be a fish just saying yeah you're exactly right that catfishing thing catfishing on uh on instagram will get you banned from people's lives that's right catfishing when you're a bank is a way of doing business man here's another one here's another one rocket mortgage oh aren't they

they're just fast they're a rocket i got it dave we got to get into this rocket mortgage. This is the headline that came across our desk. This is so great. Rocket mortgage launches a credit card to help you save or pay off your home. Which everyone knows that works. I mean, it's really, let's be honest, Dave, it was only a matter of time. So they... No, I mean, when you're sitting there in the meeting with the ad agency what are you guys smoking that comes up with this byline for a press release

because this is a byline from a press release that cnbc then picked up rocket mortgage launches a credit card to help you did anybody not go This is like standing in traffic will not get you killed. Oh, gosh. It says saving up for a down payment and closing costs is a major hurdle on the path to home ownership. Oh, boo-hoo. The new credit card from mortgage lender Rocket Companies aims to help buyers eliminate it. So they're saying, hey, you know what? It's not going to be hard anymore.

It's not going to be hard. Because now you can use a credit card. You just borrow your down payment on our credit card. You can earn lots of points. Oh, 5X points. Oh, here I love it. Because now the dumb people in the world are going to go, 5X points. Yes, I definitely want to put my down you know my down payment on my credit card

because i get five x points on it and guess what you get to do with the points pay down the mortgage wait a minute wait a minute did the dog just chase its tail the dog chased it yeah yeah he's going in circles he ate himself so we wait a minute we we got points that aren't real anything to use to pay down on the mortgage to cover the down payment that we didn't make because we used the credit card to get the points. That is a dog chasing its tail, isn't it? It's like when you go to the carnival and they go, which cup is it under? And they move it and they move it and they move it. Where's the pee, boys and girls?

Wow. I'll tell you where it is. Rocket Mortgage is peeing on you. That's where it is. Oh, my God. It says, okay okay so five you this is what you get if you sign up for the rocket signature visa card you get five rocket reward points on all purchases this sounds like i'm in kindergarten i know right i get rockets mommy i got three rockets. And this is probably the one that it just sounds dumb. We're talking about down payments, mortgage payments, real money here. And it says, but you get the $95 service fee waived.

There you go. All right. You get $95, guys. Great. Wait a minute. They waived their fee that's too high. Yeah. Annual fee is $95, but they've waived that.

You know what? I'm going to waive my fee, too. I didn't have one until a few minutes ago, but now I've got one, and I'm going to waive it. I'm not going to charge you guys to listen to this show. It was going to be $100, but we're going to waive that. We're just going to waive that. You're such great customers. We're going to waive that.

Y'all are amazing, and so we're just going to waive that. Here we go. Intro APR, none, but the regular apr i don't know if i can even say this without screaming it 20.49 and it's variable so it can go up to 30.49 apr which just stands for added pain and regret all right you're you're using your credit card to pay down your home loan. Added pain and regret. That's good. At 30.49% variable, you may as well have went out and just,

oh, gosh, this is the worst thing I've seen in a long, long time, Dave. Well. Credit needed, not specified. Yeah. This is, the thing about this is it's so funny because it's not even subtle. It's just pretty much announcing, we're going to screw you, and here's how. And you're going to like it. They're not even, you're going to enjoy it.

They're not even trying to, I mean. When they said credit needed not specified. We're here to help you. Yes, we're here to help you. James said in the booth, he said, this sounds very incestuous. I said, yes, because we're getting you rocket mortgage. We're getting you the loan that you could never afford in the first place. And then because we know you could never afford in the first place, then because we know you could never afford in the first place we're going to help you by giving you a credit card so you can put the down payment on that you could never afford in the first place and help you pay the payment that you

could never afford in the first place and we're just we're good guys man we're here for you i thought he meant when he said incestuous that your parents had to be cousins for you to fall for this that might be true too that might be true you need to be missing brain cells in order to think that this is a good idea. This is unfreaking believable. Oh, man. Oh, man. Oh, man. Guys, y'all aren't even bashful about screwing your customers.

I mean, you just come right out and say it. We're just going to do it like 30% interest. Yeah, right there, man. Just step up. We got your back, wow it's just there is no limit to their but there is a generous reward rate on all purchases there's lots of generosity involved here i just i smell generosity all over this wow yeah this is a steaming pile of you know what catfish catfish rotten catfish

mary's in charlotte north carolina hey mary welcome to the ramsey show hi dave how you doing today better than i deserve how are you good so i had a question um i have sixty thousand dollar debt in a credit card, a few credit cards, and wanted to find out what would be, I guess, the fastest or best way to pay that off just because the interest rates are so high. $60,000? That's like a snowball effect. Where are you going to get $60,000? Interest rate's not your problem.

Spending more than you make is your problem. He's not wrong. What do you make? My husband a 990 good there you go how much your car payment uh 300 a month what about the other car same 300 both of them 300 600 so what do you owe on these two cars? Each. One of them is $15,000, and the other one is $12,000. And $60,000 in credit card debt. And how much in student loans?

None. Good. What other debt? House. Medical? None. What am I leaving out other than the house lawnmower um no sir just that's it so that just means y'all need to get your spending under control you need to get on a written budget yeah are you on a budget yet

nope so we are we just paid off 50 000 last year wow well that's good that's good well that's suspiciously close to 65 000 15 more right so if you did it once before you can do it again right we're doing the snowball effect that's exactly what you need to do interest rates not your problem very good because if you pay the 60 000 off in one year you're not got an interest rate problem you cannot borrow your way out of debt. You're going to have to come up with $60,000 the way you came up with $50,000. And when you do that, you will be debt free. Other than these cars, you're going to get them paid off too while we're doing this.

So you just keep leaning in, kiddo. Keep leaning in. You got the sauce. Now just keep applying the sauce. That's what we do. This is The Ramsey Show. Jade Warshaw, Ramsey personality, is my co-host today. Thank you for joining us, hanging out with us.

We're so glad you're here. Open phones at 888-825-5225. Folks, if you got a lot of questions about taxes, we get it. Taxes are confusing. To help you out, we're going to unpack a question from one of our listeners. I'm confused about the new standard deduction. I'm head of household with two dependents. Can you explain how this works?

Okay, this year your standard deduction is $600 higher to, quote, adjust for inflation, unquote. That means as a single person you can subtract $19,400 from your taxable income like an automatic tax write-off. Compared to someone who's filing single, you can do that as a head of household. Your standard deduction is higher and your tax rate is lower, mainly to offset the cost of caring for dependents. Now, you can choose to itemize your deductions instead of taking the standard deduction.

By the way, if you're married filing jointly, it's about $28,000. And so unless you have write-offs, itemized write-offs in excess of the standard deduction, you take the standard deduction. Now, let me tell you what that means. Last year, 88% of Americans took the standard deduction. Only 12% did a C, Schedule C, which means you're taking write-offs, okay? So you'd have to have large write-offs due to losses, interest paid, charitable giving, or some other kind of write-offs

that total up to more than the standard deduction, or you wouldn't take the standard deduction. You'd be smarter to take the standard deduction. So if you got $10,000 in write-offs that total up to more than the standard deduction, or you wouldn't take the standard deduction. You'd be smarter to take the standard deduction. So if you've got $10,000 in write-offs, you do that. So that's one of the things, Jade, that people say, I don't pay my home off, I'll lose the write-off. You're not using the write-off anyway, Duber. Right.

Because you're taking the standard deduction. And if you're taking the standard deduction, your write-off on your home means absolutely zero. So you're staying in debt for no stupid reason that's a good point that's a that people say that just because it's vast majority 88 last year took the standard deduction they do not itemize so if you're ready to file your taxes check out ramsey smart tax it lets you file online with upfront low pricing no hidden fees you can save up to 70 when you switch from another software which would be a good idea head to ramsey solutions.com smart tax ramsey solutions.com

smart tax jasmine is in seattle hey jasmine welcome to the ramsey show hi dave hi jay thank MC show. Hi Dave. Hi Jay. Thank you so much for taking me call. It's truly been a godsend finding the show. You're welcome. So I am a new first time mom to a five month old baby boy. Oh, congratulations. Thank you. Um, I just realized though, after finding your show that my husband and I are in a scary spot financially. Uh, so makes $70,000 a year as an ICU nurse, and I just transitioned to be a stay-at-home mom, and we have $140,000 in debt. So my husband just started picking up overtime so we can start the debt snowball.

He's working 60 hours a week now in the ICU, and I want to do the best I can to support him and our family in tackling this mountain. So I was thinking of trying to find freelance work to do the best I can to support him and our family in tackling this mountain. So I was thinking of trying to find freelance work to do during naps and evenings, but I'm worried if that's the right thing. So my question is, would it be better for me to try to pick up freelance work for a little extra or should I prioritize my role as a wife and a caretaker to our son so that my husband doesn't have any household stress

and has the best success at keeping up 60 hour weeks and a high stress job, uh, to tackle our debt. How much debt do you have? 140,000 on what? 80 is in student loans and 60 is consumer debt, um,

credit cards and personal loans, um, that have accumulated over the last seven years. No car loan? No car loan. And what can you make freelancing? I'm thinking that I could get about $600 a month if I did 10 hours, which I think I would have with nap times and evening. So explain your hesitation. So if you were to take two hours out of your evening and do a little bit of side work. 10 hours a month? Or 10 hours a week, sorry. Oh, a week. Okay. All right. Go

ahead. I'm sorry. No, that's all right. I mean, are you just worried that you aren't being a good mom or something or that you're not going to be able to take care of the house the way you want to for your husband? Is that what I'm hearing? Yeah. So he does like 12 hour shifts. So I right now typically make the dinner. I put my little one to bed and he is five months. So I know in the first year, a lot of things can change. So I guess I'm worried to even get started in case like I get too stressed out doing it or if I end up like not having enough time to do that and like take care of the household. Like, I guess I think it's a I think it's a fear that's existing because you're not it's unknown.

So at the very least, if it were me, I would try it. I would try to work and see if I can juggle it. If you guys have both decided, hey, it's important for us to be as intense as possible about this debt. So we're both going to sacrifice. We're both understanding that this might be a chaotic season of our life. And if you start it and you're making the money and at the end of the day, you're like, man, you know, these few hundred dollars that I'm bringing, it is not worth X, Y, Z. If you figure that out and then maybe have to pivot to another strategy, I say,

try it. And then it's not just this fear looming over you of, I'm afraid to try it, but if I don't, you know, the other thing is there's no reason for this to stress anybody out. You might get tired, but there's no reason to be stressed.

True that. All you gotta do is just plan it. You say, this is what we're doing. Here's the details. Okay. On this night, I'm going to cover this and you the details okay on this night i'm going to cover this and you're not on that night you're going to cover it and i'm not yep and this is the system

this is the process this is the schedule it's going to suck but so does being deeply in debt and i can add 30k to the top line of this situation you're making 70 that's 100 we can knock this out twice as fast if we lean into this together and we say okay there's a big old pile of dishes here how are we getting the dishes clean we both got to get in here we both got to pick apart and we take a process and we lay a system in and one dries and once puts them in the dishwasher and here we go and we just get the dishes clean and that's what you're doing you're just laying into the work yep and you're doing it with detail and there's no reason for stress again you're going to get tired but oh well you got a

baby you're going to be tired that just goes with the territory and something tells me i don't know if i'm right jasmine but something tells me this one kid is probably not your only there might be another one coming up down the pipe and you for sure won't be rid of this debt for them exactly exactly because then your time is going to be stretched even thinner. So, yeah, that's what I'm doing. Yeah, 100%. Systems and scheduling and lots of communication and agreement makes the stress go away. It doesn't make the fatigue go away, but it makes the stress go away. How's that sound?

I think that's doable. I was leaning towards, like, just trying it because you can always change. But I think it was just the fear that was there. Yeah, but don't try it without laying out a detailed game plan. Give it a fair shot. The detailed game plan. You and your husband sit down, TV off, kid in bed. This is, okay, we're going to lay this out.

I'm going to try this. Here's the nights I'm going to do freelance. Here's what I'm doing. Boom, boom, boom. Here's your days here's what saturday looks like here's what sunday looks like here's what the days off look like whatever it is and you just lay it out and go okay we're going to lean into this for a short period of time and you know sharon and i have learned you know one of the reasons that i've been able to become so successful in business is because she and I plan in detail calendars and money. Yes. We budget time and money and we're in detailed agreement and that way I

don't get home and I don't say I'm gonna be home at 5 30 and I come wandering in at 6 30. I you know the number of times I don't show up when i said i was going to is very close to zero that's good well it's not because i'm some kind of stellar person it's a plan you know we planned it and i'm you know i know today when i get off the air i'm going to do i've got three social media things and five commercials to record and then i'm heading to the house so i know where i'm going to be if something blows up and i need to stay here and work i can email her and say i'm going to be running 10 minutes late but but i know where i'm going to be it's already planned yeah and so you can plan out where you're going to be and then you're not freaked out it's kind of you know what it's like the week before

you're on vacation you're not stressed you got a million things to do you get two weeks worth of done two weeks worth of work done before the week of vacation because you're trying to get it all lined up right right but it's all processing systems okay i see where it took me a minute to see where you're going with that one dave but i got you now yeah i got you because you're going i got to get this knocked out and get this knocked out so that i can be on vacation and be free got you yes and you you knock the crap out and you line it up and then knock the dominoes over so the next week,

you know, when you're in Cabo, you don't worry about it. You can relax. You know, that's it. This is The Ramsey Show. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes.

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