The Ramsey Show - App - Be the Boring Turtle, Not the Sexy Hare (Hour 1)

Episode Date: June 8, 2023

Dave Ramsey & Jade Warshaw answer your questions and discuss:  "Should I get a prenup?" Don't try to be the sexy hare that lost the race; be the boring turtle that won it, "Should I sell my car to get out of debt?" Why you shouldn't invest while still trying to pay off debt, "I have $300k in debt and feel stuck" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving, and storage studios, it's the Ramsey Show, where we help people build wealth, do work that they actually love, or create actual amazing relationships. Jade Warshaw, Ramsey personality, is my co-host today. Open phones at 888-825-5225. You guys jump in.

We'll talk about your life and your money. William is going to start this hour off in Dallas, Texas. Hi, William. Welcome to the Ramsey Show. Hey, Dave. How are you doing? Better than I deserve, man. What's up? Yeah, I got a question about a prenup.

I've listened to a lot of your clips. Some of them kind of applied. Some of them didn't. But basically, I own a business and have done well. I own some properties. And there's definitely a large gap between me and my fiance what's your net worth uh net worth um property values are probably like 1.4 um only have 230 in debt on those um and then in cash i probably got like $750. What's your business worth? $7 million.

Okay. So you're a $10 million guy, and she has a more traditional, normal net worth. She's not a freak like you. I guess not, no. You're a good freak, though. I like you. So it's good. You're the right kind of freak, man, I'm just saying.

All right. Right on. Yes, I would get a prenup. Okay. I don't believe in prenups. I tell 99% of people not to get them. The only time in 30 years of coaching that I've run into a situation where I wished someone had had a prenup was where there was a vast disparity between the two people getting married. And 99% of the time, the problem doesn't end up being with the two people. married and 99 of the time the problem doesn't end up being with the two people it's not your fiance it's weird dadgum people in her family that come

out of the woodwork and screw up everything and if she can just hold up the hand and go nope can't i gotta prenup i don't have i got nothing to say about that i got nothing because all of a sudden they're like little jojo married william yeah let's go visit you know i mean this is what you know what i'm saying yeah i do yeah and that's uh and and bless your heart your fiance didn't see it coming because she did not think crazy was going to manifest itself that way in her extended friends or family. And so, and it ends up screwing up your relationship. The prenup actually assists the relationship in this case. So, but for everyone else, I just say, no, if you have to have a prenup to protect your

four dollars, then you don't need to get married. Correct. Now, what happens if, you know, your fiance, your girlfriend, what does she think about it? Well, I don't need to get married. Correct. Now, what happens if, you know, your fiance, your girlfriend, what does she think about it? So that's an issue. You know, she thinks that I, you know, quote, unquote, love my money more than her. She's not thrilled, or at least at the beginning wasn't thrilled. And so I basically, I basically, you know, cause in Texas, you're, you know, everything is common, you know, property once you get married. And so then it all gets split. Um, so I had pretty much what I had structured was, you know, separating everything

and then maybe giving her like forever you were married're married, if anything were to happen, she would get a certain amount per year. So I guess my next question would be. I would not do that, and I would explain to her that this is as much for her benefit as it is yours because of what I just described a few minutes ago. This releases her. No one of your friends are going to be suspicious that she married a gold digger. None of your family is going to think that she has bad motives. This helps her.

And if you want to restructure or do away with the prenup at any point in your life you can do that okay you can just go back into the attorney the two of you sit down and go you know what i'm going to release five million dollars over here but if you do a set thing on the number of years that the year that that kicks in will actually accidentally coincide to the roughest year in your marriage. Right. And you will have that roughest year. You know that. So, I mean, why complicate it?

That's true. Yeah, and you can go in and change it anytime. But I think I like her being beyond suspicion with all of your friends and relatives, for that matter, her friends. And she also gets to hold up the hand to her crazies that come along and go look that's william's stuff but but and then now having put the prenup in place that's the legal move then i would begin to run the relationship as if you own it all together. That's the key right there.

I think that's the key that makes it all good. So in other words, if I were you, I'm going to talk to my wife before I make a big business move. So that she's included. This is not just, hey, this is all my mountain over here. You have no access. You don't get to speak about this. That's not what we're saying. We're saying if this whole thing hits the wall, you don't get any you don't get to speak about this that's not what we're saying we're saying if this if this whole thing hits the wall you don't get any of this that's all we're

saying but that's different than you don't get to speak over it because she you want her to speak over it proverbs 31 is who can find a virtuous wife for her worth is far above rubies the heart of her husband safely trust her and he will have no lack of gain i have made more money and built more wealth while listening carefully to my wife who has a home ec degree and unbelievable hillbilly wisdom now let's ask let me ask another question on your behalf so your business is worth seven million now the prenup is only covering the current value no we'll cover it we'll cover the ownership of the business period period regardless of what it becomes oh that's crazy yeah that's the way i would build it you can you can work that way you

don't have to put a dollar amount on it that's interesting though because if they get married and now she's speaking into the business the business is growing and she still is not that i'm not gonna lie that's a tough one for me okay let me tell you she is completely i'll help you she's completely benefiting if this business is worth 14 million later instead of 7 million she's gonna be eating off that table that is right she gets to fly in that airplane but if something happens even the growth is no longer up for yeah yeah but debate but again he can go back and rechange that later. He can.

It's so tough. If he looked up and said, look, the reason this business went from $7 million to $25 million is she has really contributed, then you can just remove some of the prenup. That is true. That is true. That's true. Now, I'm going to run it as, I'm going to run your relationship and your household and all of your business decisions as if she was there when it all began.

Yeah. And this is my child bride wife that we got married when we were whatever. Don't say child bride. Little baby children. I mean, like Sharon and I got married at 22. We were like baby children. That's Sam and I too. Yeah.

And so we were little children's children. So we got, you know, we were both dumber than a rock. And so we grew the whole thing, crashed it, and then grew another one together yeah right so so there's no question about that she owns it matter of fact she technically owns most of it so but the uh uh but the the uh the point being i'm gonna i'm gonna run the relationship in a way that you don't lord over her assets or income she She completely participates in those. And so we have an income from our business unless we're divorced. And then it's not our business.

And then your boy gets it. Well, that's it. I mean, it only comes up if there's a problem, right? Yeah. This is the Ramsey Show. Okay, let's clear something up. If you listen to the show for 10 seconds, you know we hate debt. And some people just, for some reason, don't hear that.

I don't know. They think you need debt and credit cards to build your credit because you need a credit score to buy a house, right? Wrong. Truth is, if you're living a debt-free lifestyle, eventually you won't have any credit score. So when you're ready to buy a house, you've got to find a good lender like Churchill Mortgage who can do what's called manual underwriting.

And that's where they personally review your financial history to approve you for a mortgage. Like we did before there was a FICO score we actually made sure you had a freaking job and stuff so wow what a concept yeah so this way you get to avoid the whole credit score game where you borrow money to raise your score so you can borrow money so you can raise your score so you can borrow money so you can raise your score so you borrow money so you can raise your score so you borrow money sounds so you can raise your score so you borrow money so you can raise your score so you borrow money sounds like fun if you're a bank or a dog chasing its tail that one too which are usually dizzy uh no pun intended it might sound crazy to some people but the best plan for your future is avoid debt

get a real estate agent it will help you find a house you can actually afford get it paid off as soon as possible and we recommend agents who are Ramsey trusted. These are agents that are high octane, high protein. They didn't get their license last week, and they're not your Uncle Charlie who's guilt tripping you. This is your freaking house. It's the largest asset you have. So you can buy a house without a credit score and you can work with an absolute professional

and you need to ramsey solutions.com slash agent to get a ramsey trusted real estate agent ramsey solutions.com slash agent nathan in oklahoma city how are you i'm doing well how are you dave better than i deserve what's up well just got a question for you so i'm 28 years old and i just hit baby step seven about seven months ago oh wow thank you and i'm currently like rebuilding my emergency and stuff because i deleted my accounts for being debt free and i'm just kind of curious where to go now because i'm kind of lost with the whole, like, where to invest my money right now. What accounts did you delete? Well, like my checking and my savings.

I cleared them all so I could be debt-free, pay off the house. And now that I'm 100% debt-free, I've got my six months emergency saved and now I am investing in my, well, I have two Roth accounts, one through work and then a Roth IRA. And then I do 10% in my TSP. And apart from that, I'm just kind of saving money and living life every day, really. But I need a goal, and my goal is to get more money, but that seems really kind of boring, honestly. I mean, just to do it that way. And I'm not 100% sure that that's doing the right thing.

You're in danger. Nathan, you're in danger. Okay. You're in danger of messing, you're in danger. Okay. You're in danger of messing all this up. Gotcha. Because the fastest way to get rich is boring. Uh-huh. And if you go screwing around with get rich quick, trying to be cool,

you're going to lose all of the progress you have made. And you got to, you know, one of the things I ran into when i first started coaching wealthy people years ago was they had this latent guilt like i've got two million dollars but i don't feel like i'm doing it right like there must be something sophisticated these smart people are doing stuff i don't know how to do and And they're the ones with the $2 million. And they're doing very simplistic, primitive, basic things. And they got wealthy. But they certainly did not buy crypto.

Right. They certainly are not doing nothing down tic-tac real estate. You know, they're not trying to get rich. They're not trying to do a double helix backflip family partnership that they read about on Instagram. Because it's a sure-fire way to lose your butt. It's what it is. You know what I mean? Come on.

So just slow. You know, the tortoise and the hare. The hare was the sexy, cool one. He lost the race. The tortoise was ugly and steady and predictable and boring please be boring well now dave all of us tortoises don't have to be ugly now you done got personal dave well yeah no and and seriously but the uh i mean the point being the plan yeah is all all of your smart friends who are broke but wear clothes they can't afford

drive cars they can't afford and go on vacations they can't afford all of your smart friends will make fun of your tortoise that's right that's right but they're the sexy hairs they're the ones that the rabbit that's cool they let all the look you know they they look like they got it all together and they got nothing nothing nothing nada it's almost like got a headache that's all i got it's almost like we want there to be like this secret of the wealthy that only a few people can get their hands on. And then I really wanted that because I'm really smart at math. And so I knew if it was complicated and difficult, I could do it.

That must be it. I would be able to do it. And so just show me the complicated double backflip barrel of fish hooks. I'll get it. I'll be able to do it. Pride comes right before the fall. Right before it. Nope.

Any Joe can do it. You just got to be steady, boring, consistent over time. What you can do is you can pay very close attention to your accounts and just go, okay, yeah, I'm going to be steady, but I'm also going to make sure that sucker's maximizing. That's right. That is true. I'm not going to be ADD. I'm also going to make sure that sucker's maximizing. That is true. I'm not going to be ADD. I'm not going to take my hand off the wheel, hand off the wheel, hand off the wheel. I'm going to drive straight through, but I'm going to be very diligent and go,

okay, this accounts for this, this accounts for that, and I'm goal-oriented. And those are things that you are, Nathan, that are very good. And obviously, I was being a little bit dramatic to make sure you got the message, but you've done very well. Now, I would also say in his situation, we recommend everybody work with a smart investor pro or somebody with their investments,

but a guy like him really needs that accountability to not get like, oh, the market's being weird or I feel like my guy told me about this thing over here. I need to be trying. He's not going to function in fear. He's going to make bad decisions out of greed. Even still. That's what I was stopping him on, because I know that guy because I was him.

Yeah. Because I'm smart. This is too slow. And that's about the time you're about to step on it. So just get something on your shoe. Jonathan's in Lexington, Kentucky. Hey, Jonathan, what's up? Hi, Dave.

Thank you guys for taking my call. Sure. How can we help? I'm getting my way through these baby steps, and I'm trying to think of ways to get through faster. I've also developed my career goals and educational goals, and I just wanted your opinion. I have a project car that I've had for about three years now.

I haven't been able to get much done on it and I'm wondering if I should sell it. So just wondering what you guys think. I'm not sure, but I think in the 30 seconds we've been together, you told me your goals have changed. What do you mean? What? changed um what do you mean what like from the time three years ago when you bought this car you had a goal of doing a project car and i think today you don't have the same goal you have other goals that are a priority over the car yeah i absolutely love this car um i didn't ask that i just said your goals have changed i probably love the car but

i don't have a goal of owning it because i don't even know what it is yet but i probably like it what is it uh 1986 z31 nissan 3d vx really yeah it's pretty yeah what are you doing what are you supposed to be doing to it um well it's pretty solid mechanically but um ever since i've owned it i've had people drive in and it's gotten pretty dinged up and depreciated um so basically just i wanted to do a rebuild but i'm trying to pay off this debt yeah but it's a it's a body rebuild okay yeah so yeah i mean i think the car i think the car served its purpose i thought i heard you say that in between all these other things i have new educational goals i have investment goals i have these other goals when i bought the car i didn't have those goals now i've got some competing goals and the car is further down on

the list did i hear that's it your priorities changed car Car went down the list. Is that right, Jonathan? Yeah, and also the time and effort it would take to get it done. I'd rather be working on my educational goal. There's your answer. I see what you mean. Yeah. I thought I heard that in there. There's project car on every corner.

Most people drive project cars. Yeah. There's project car on every corner. Most people drive project cars. So, yeah. Sell it just because you'd rather do other things, I think. This is The Ramsey Show. Thank you for joining us, America. We're glad you're here. Open phones at 888-825-5225. Jade Warshaw-Ramsey, personality, is my co-host today as we answer your questions about your life and your money. Tara is in Houston, Texas.

Hi, Tara. How are you? Hi, I'm doing well. How are you, Dave? Better than I deserve. What's up? Okay, so I have been working the program for a while. I'm on baby step two, so I'm still paying off some debt. I am almost 39 years old. I've never

had a 401k, and the company that I work for just approached me with that. They do match a hundred percent up to 3% and then up to 6% they match, uh, 50%. So my question is, I still have about $40,000, um, in debt to pay, but I wasn't sure if I should go ahead and start putting in the 401k since I'm so far, like I I've never stopped so far behind. So I feel like I'm going to be playing catch up. And, uh And since I don't have anything starting from zero. So but I don't know if I should take that money and you start putting it in now or wait until my 40,000 is completely paid off. So we get people who call in all the time and they have done what you want to do. They've just went ahead and started investing, not built their savings, not paid off their debt.

And then an emergency comes and suddenly their 401k becomes their emergency fund. That's thing number one. So I'm just going to give you a couple of thoughts to just let them sink in on why this is not a good idea. And honestly, if you're following our plan, the way we teach is you pause. If you currently investing,

you pause, take that money in your case. You weren't already. So you've got all of your income at your disposal to pay off this debt. You've got 40 K left. Keep moving through this. And then when the time comes, you're going to be able to take advantage of that.

How much have you paid off already? I've paid off around almost $6,000. $6,000. And I could have done more. I haven't been. How long have you been working on that? About four months. And what do you make?

I make my salary is $95,000 a year, and I get about $20,000, $20,000 to $30,000 in bonuses. Where's all your money going to? I know it's, it's going on, well, my debt and the two car, it's two car payments is, I mean, two cars is where it is. Why do you have two cars? Is it? Because I went through a divorce and I had one car payment and I ended up giving it to my daughter who is 16 and bought myself a new car. And that's how I got in the trap of two car payments. So you have $40,000 in debt and how much of the 40 is cars? $38,000.

And what do you owe on your car? $28,000 on mine and $10,000 on hers. 38. And what do you owe on your car? 28 on mine and 10 on hers. Okay. And she's 16. She's 18 now. 18. Is she working? She is.

Okay. All right. So, the plan that we teach, don't start investing until you're out of debt, assumes that you're going to lean in and get out of debt with great focused intensity that you don't have. Right. You're playing footsie with this idea. You haven't leaned in and said, I'm selling everything in sight.

I'm getting out of debt. I'm sick and tired of being broke. I make $90,000 a year. I got nothing. I'm 39. I'm scared. I'm going to go get me some, and I'm going to get my debt cleaned up yesterday. I'm not going out to eat.

I'm not going on vacation. And please don't talk to me about a new purse. You are getting out of debt and you you're not at that level you're just kind of you're just kind of intellectually exploring this you've not emotionally engaged it is that fair it is yeah so that's what that's why this seems it's why this seems appealing to you to go ahead and jump into the 401k because it feels like you're going to be in debt forever and it feels like that because you're going to be in debt forever. And it feels like that because you're going to be in debt forever. Right.

Unless you change. So you can do whatever you want to do. Obviously, you're a grown-up lady. You've got a great intellect. You can do a lot of things. You can go be normal and start the 401K while you try to limp out of this debt and keep making these same mistakes. Or if you're going to work our plan, which you called us, so that was your mistake. Because we love you.

We do. And we are going to tell you the truth. That's right. And you're tripping right now. Yeah. So, you know, 18-year-old is going to save up $3,000 in the next couple months and buy a car. And we're going to sell her car. You're going to sell your car, and we're going to get you out of debt in a few months.

Probably by Christmas, you're going to be driving a couple of $5,000 cars, and you'll be debt-free. Build your emergency fund of three to six months of expenses, then save up and get you a little better car, and you're 100% debt-free but the house at this point, and then you can start putting, by this time next year, easily you'll be putting 15% of your income away for retirement. And if you put 15% of $90,000 away from age 41 to age 65,

you will have several million dollars. But if you keep doing what you're doing now, you're going to have nothing except rusted cars with payments on them. We had a girl in my financial peace university class, which, by the way, if you haven't taken that, you need to get signed up for that. She was your age. She had about $19,000 left to pay off. She was so worried that she was not going to have anything in retirement because she had not started investing. Right then and there, we walked through the financial roadmap plan

and we walked through and we were able to show her that by the time she pays off her debt, if she just puts the 15% away, she was gonna retire with $2 million. You'll be at more than that. Yeah, you'll be at more because I remember what her income was. You start saving 15% of 100 grand

and you do that for over 25 years, that's about 3 million bucks. And that's if you don't get a raise, and you're going to get raised. You've got time. You've got time, but you don't have time to keep doing what you've been doing. Because if you keep doing the same thing over and over again and expecting a different result, which is embracing car payments because car payments are a way of life, and I have to have a good car because I'm a divorcee and I'm scared to death the car is going to break and I have to

have a good car for my kid because I'm scared to death my female daughter my daughter obviously she's female is going to uh have a breakdown right on the side I'm scared and I'm scared and I'm scared and I'm scared and I'm scared and so I'm paying car payments on forty thousand dollars worth of cars while I make 90 and I'm broke. That's what that fear is doing to you. And so, and by the way, I'm not asking you and the 18 year old to drive three to $5,000 cars for the rest of your life. I'm asking you to drive them for a chapter in your life so that you never have to drive

them again. I can assure you, I did not drive a $5,000 car over here today. Quite the contrary. I drive whatever I want these days, but I paid a price for the last 35 years by staying out of debt and only buying things I could afford. And then I've got the money. I hear that. That's the way it works. So yeah, live like no one else. So later you can live like no one else. You're a sharp lady, Tara. I appreciate you calling in. Thank you for joining us.

And I apologize for picking on you, but just know it's because we love you and we want you to win. But because – Jade, there's something, and we just got a minute for the break, but it's very smart to say this. You cannot sort of do things that require you to transform your life. If you want to create transformation, you have to push yourself over to the edge of extreme. Yeah, I agree.

You have to do really whacked out weird things. And then once you've reset your life, you've reset the grooves in your brain your habit patterns your spiritual beliefs once you've reset those things by doing the extreme then you can do something less extreme much less extreme and still stay on track but you know you in other words if you're gonna if you're 350 400 pounds and you want to lose weight you have to shock your system by doing extreme things yeah you throw out all the cupcakes you throw out all the crap in the cabin for a period of time you can't touch anything that looks like that that that or that for a period of time you

got to go over there now later on if you're 180 pounds you know you can have a cupcake but i'm not suggesting debt at that point. I still don't do debt. Right. But I mean, my point is you can breathe a little bit, be a little bit more normal. But I'm suggesting, Tara, that we push you over to the extreme. And you do weird, uncomfortable things for a bit to get yourself on track permanently. You manage your habits. Yeah, that's good.

This is The ramsey show jade walsh all ramsey personality is my co-host today open phones at 888-825-5225 courtney's in atlanta hi courtney welcome to the ramsey show hey dave thanks for taking my call today. Sure. What's up? Okay. So I have fallen into the student loan conundrum. All of my debt is in student loans. I'm 30 years old. I have about $300,000 in student loans. And I am engaged, have been for the past three years because we are scared to get married. Just because of the debt, we are nervous to buy a home. We are currently renting, and we want to get free. We are completely new to you and your show and your plan.

So we just want to go back. I understand why you're scared with three hundred thousand dollars in student loan debt why does getting why does that affect getting married um it doesn't i guess i did you told me you've been waiting three freaking years all right um so i guess we neither one of us just want to go to the courthouse and get married but well you want to be able to pay for something nicer is what you're saying right but are you a doctor or a lawyer um i'm actually a pharmacist what are you earning 100 and a half um actually it's more like 122 maybe yeah okay gross does that feel low it's a little it's a little low but you're starting you're just you

just got out so um how long you been out of school um for the past three years okay all right what's his situation i got an undergrad degree before i actually went into school in pharmacy school what does he make um he makes uh 60 and then he also gets uh bonuses um does he have a bunch of debt too he actually has no debt um and um he has very minimal like credit history so we actually did sneak out you know mortgage pre-approval and we we got it, but it was basically... Yeah, you don't need to buy a house, you're broke. So let me tell you a story. That's where we're at.

Let me tell you a story. My husband and I had 280,000 of student loans, a little less than you, but if you add our credit cards in, we're, you know, call it 300. Yeah, no credit cards for us. My point is, your income is a lot better than ours was back then, at least to start.

And for you guys, it doesn't matter. Like Dave said, getting married is not the issue. Matter of fact, go ahead and get married, work on this thing together and go through it together. And you're just going to have to walk through these steps and commit to the fact that we've got this debt here for a couple of years. We're living on nothing to get this paid off. Luckily, you guys have got a good shovel.

I'm sorry, you've got a good income. And that's it. It's just the student loans, right? And Courtney, you feel stuck, don't you? I really do. And you feel a little bit ashamed to marry him and hand him 300K. Like you're going, this is a pretty serious dowry here. That's an old word, but yeah, you know what I'm saying.

So it is messing up, not getting married, but it's messing up your view of yourself and your relationships is that and it's also difficult to budget because you know we want to have one bank account um you don't need to have one bank account until you're married correct yes okay let me let me project a future for you that you haven't seen let's let's run some numbers for a second. Okay. Go get married this weekend. No, just ride with me on my little trip here, okay? Just for a second. It sounds absurd, but you've been dating for three years. You've been engaged forever. We'll celebrate in other ways later.

Now, if I calculated correctly, you make $122, he makes $60. That's $182. He has no debt. We have now one house to support, one set of rent, one set of heat and air, one set of electricity, one set of water, one set of things in the refrigerator. You with me? Right. So your living costs go down approximately in half.

I also have a car payment. What do you owe on your car? $20,000. Okay, we'll put that in the story too. Okay, so you make $122,000, he makes $60,000, and he has bonuses on top of that. What do you think he'll really make in the coming 12 months, including his bonuses? Probably maybe $170 with the bonus. Okay.

And I know this about you. You may not, but you can pick up pharmacy duty in the ER at the local hospital on the weekends, and you can make another $25 or $30 if you put in a whole bunch more hours than you're putting in as a temporary measure okay and so now i'm at 155 and 70 so i think i'm doing two and a quarter now anybody with me here i got three hundred thousand dollars in student loan debt and i'm going to take my two and a quarter and i'm going to take my $2.25, and I'm going to live on $50,000. That leaves me $175,000 minus taxes to put on the $300,000. You're debt-free in two years. Just by picking up extra hours.

Picking up extra hours, living together, married, and spending no money. You're not eating out. you're not going on vacation and you're sure as crud not buying a house we might be selling your car right to get a cheaper car but we the goal here is to get free because otherwise we're stuck we want to get free so we can buy a house and live a great life together and build wealth. And have kids. And have kids and be generous. But right now, you can't see that because you've got Mount Everest stuck between you and hope. Right. And I just took Mount Everest apart with a pickaxe in two years.

I did that. Right. But I'm telling you, it's's gonna be a really hard two years because all the little luxuries you're accustomed to none yeah none of them you get nothing don't you dare see the inside of a restaurant unless you're working there yeah so tuna fish and day old bread i agree yes um so i guess the biggest thing was i did hear several several of your advices to other people just being like don't rely on public service loan forgiveness do it yourself i just got you out of debt in two years why would you even bring that up right well because i guess my fiance sees it as a way out it's not a way out it's a 10-year

lie you know what percentage of the public loans public service loans forgiveness actually get forgiven less than two percent 98 gets screwed by this plan right think about the way you're feeling right now do you want to feel that for the next 10 years waiting on waiting on something that likely won't happen. The reason he wants you to plug into that, he doesn't think there's another way. But you guys make a lot of money together. You sure do. And you can make even more and spend none of it and throw it all at the student loans and kill that sucker.

150 a year for two years out of two and a quarter and you're free. You're going to be done in two years. It took my husband and I seven and a half. Put that in perspective. And we rented the whole time so and you let that make and we had well at that was after the fact i know but for you two and a half years was it yeah it was after the seven you're having kids five percent we waited we rented for here's the stats we rented for 10 years and waited for 11 years to have kids wow yep because it was doing to her what what you thought it was doing to you before this phone call right now i might be off by a year whoopee and that's fine three years whoopee i might be off by another year you might be might do it in a year

and a half because you guys just go bananas and your husband goes, hey, game on. I'm working 24-7. We're getting done. Get married this weekend and kill this debt, girl. Do it. Well, I appreciate your advice. I feel like. She's not going to do it. She's not going to do it.

Please do it. Everybody in America just heard that. You are not. Thank you for your advice. Thank you for calling, Courtney. Please do it. Please prove us wrong. Hey, if you don't do it after this, you know whose fault it is, Courtney?

Yours. Because we have done our job. Thank you for calling, kiddo. Oh, my goodness gracious. That just happened with 22 million people agreeing. 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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