The Ramsey Show - App - Become Self-Insured with Good Financial Planning (Hour 2)

Episode Date: April 23, 2019

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Live from the headquarters of Ramsey Solutions Broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thanks for joining us. Open phones at 888-825-5225. 888-825-5225. Tyler is with us in Pittsburgh. Hi, Tyler.

Welcome to the Dave Ramsey Show. Hey, Dave. It's an honor to speak to you today. You too, sir. What's up? So, I am on baby step number two currently. I am on fire. Super excited for this process.

Go ahead. Ran into a dilemma. Okay. So, I have a mortgage, and last year I pulled out a 30-year mortgage. Mm-hmm. And basically, I'm trying to refinance my home, but my home is under construction due to some flood damage. And basically, they said they will not refinance this 15-year mortgage unless I fix this. So I'm not sure what to do, if I should stop my baby steps, if I should just...

No. How are you paying for the construction? All out of pocket. That's currently how I am doing it now. All right. What's the interest rate on your mortgage? Currently, with Navy Federal, it is $425,000. Okay.

You're not much over market. I mean, you're half a point over or something. You don't need to refinance a mortgage to move it from a 30 to a 15. All you have to do is just pay it like a 15. Yeah. If you calculate the 15-year payment and pay the 15-year payment, it'll pay off in 15 years. Okay. I mean, I'm putting approximately $4,100 per month towards principal at this point.

Okay. So you're putting extra towards principal at this point okay um so you're putting extra towards principal yes well after my truck is paid off and that'll be paid off next week okay um and after that you know my emergency fund of three to six months and then that's what that will be okay well the order is a thousand dollars saved first then no other money saved until you're debt-free except the house and then when you're debt-free except the house. And then when you're debt-free except the house, then you build your emergency fund of three to six months of expenses.

But it sounds like you're almost there next week anyway. You're going to be at Baby Step 3. And then you would start putting 15% of your income aside towards retirement. What's the construction going to cost? Approximately $5,000 to finish it according to their rules. Okay. Well, before I started my baby step four, between three and four, I'd probably just knock that construction out.

Okay. Now we've got a completed house, and you have everything's paid off except the house, and you start putting 15% of your income away towards retirement, and everything else you can throw at the mortgage, and the mortgage will pay off very quickly. I would not refinance this mortgage. You're not going to have it that long. You're absolutely correct.

I guess one of the things I was, I like seeing all my assets in one place because I have two different banks right now. That's the other thing uh so all my my main accounts are in pnc the other one may be federal uh where my mortgage is and it would be easier to transfer money if it's all in the same bank that's not a big deal i mean you can have i mean i've got more than one bank in fact it's not a bad idea to have more than one bank because that way you don't get you don't. You know, if one of them gets screwed up or something, all your money's not over there. It's actually a little safer to have it spread out a little bit and have more than one banking relationship.

But you're going to have that mortgage paid off soon anyway. So I think you're doing great. Here's what's interesting. How long have you been working on this plan? Well, currently I've been on it the Dave Ramsey kick about two years ago. Okay, so how old are you? What was that? How old are you?

I'm 25. Okay. So here's what's interesting. In two years, you've completely changed the direction of your whole life, not just your money. And the only thing that changed was not Dave Ramsey. What changed was Tyler started paying attention. Yep. And once you start paying attention, magical things happen, don't they?

Absolutely, Dave. The one thing that I tell all my coworkers, the only way I'm doing this right now is staying content with what I have and being grateful and humbling myself. That's kind of how I'm doing this process. That's perfect. Sounds like Rachel's Contentment Journal. That's exactly what it is, gratitude, humility, contentment.

They work together. And by the way, it doesn't matter how much money you have. Those are three things you need to keep going with, gratitude, humility, contentment. These are character traits of high quality people and you already got this down and you're not even 30 you dialed in baby i'm proud of you keep it up ali's with us in fresno california hey ali how are you hi dave i'm great how are you better than i deserve how can i help okay so i am in baby step number two right now, and we are faced with the decision of either replacing our transmission or buying a used car.

And I'm wondering at what point do you not fix it and do you just go the new car route? Well, not new, but used. If the value of the car as it sits with a bad transmission plus the transmission is more than it'll be worth after you fix it, you sell it. Let me walk you through that, okay? What's your car worth if it was fixed, if it was running? What do you think it's worth? Probably $3,500.

Okay. And what are they trying to charge you to fix the transmission? I've called around different places, and the labor itself is about $500 to $1,000, and then we have to find the transmission, which I've looked around, and that might be $1,000. Okay. And the car without a transmission in it would probably sell for $1,000. Okay. Right?

I mean, what would it sell for sitting there broken? I have no idea. I'm guessing. Okay. Let's just say it sold salvage for $1,000. Okay, so if you take $1,000, if you could buy the car for $1,000 and you spent $1,500 on it, you'd have $2,500 in it, right? Mm-hmm.

But it'd be worth $3,500. That would have been a good buy. So that tells you you fix the car. If you can fix this car for fifteen hundred, you fix the car. Now, do you keep it after you fix it? Maybe, maybe not. You may want to sell it and get you a different car of similar price range. But if if the car could be sold for three thousand000 today, which I don't think you can,

but as an example mathematically, and you said, well, I'm going to spend $1,500 on it, well, you'd have $4,500 in the car. It's only worth $3,500. You wouldn't fix that car. You'd sell it. You see how I did that? The value as it sits today plus the repair should not be equal to more than the value after it's fixed. That's your formula, and that tells you whether to keep a car. Most of the time, if a car is worth $3,000 or greater, and you have a reasonably priced repair,

you're not getting an $8,000 engine you don't do in a $3,000 car. See, that car's not going to be worth $11,000 when you finish with that. It's still going to be a $3,000 car, but with an $8,000 engine in it, which is going to make it be worth $4,000 or $5,000. You wouldn't do that repair. Not that it would cost you $8,000 to do an engine. It wouldn't, but that's the kind of numbers you stay away from. So, good question.

Thanks for calling. This is the Dave Ramsey Show. The last thing I want you to feel is buyer's remorse, especially when you offered thousands more on a new home to win a bidding war. If I've taught you anything, it's that blindly throwing money at a problem is a stupid plan and something you'll regret for years. The key to avoiding this rookie mistake is to call Churchill Mortgage and get certified. This easy program puts you miles ahead of your competition because you are pre-underwritten. Your interest rate is secured and yes, you can close within 14 days. Don't fall into the trap of offering more money just to

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Hey, Phillip, welcome to the Dave Ramsey Show. Hey, thanks, Dave. Thanks for taking my call. Sure. What's up? Hey, so my wife and I are currently in Baby Step 2. I'm a Navy veteran currently utilizing my GI Bill to go back to school, and I'm pursuing a degree in philosophy with the end goal being getting a PhD and eventually becoming a teacher on a collegiate level. I'm currently at a job.

I work at a shipyard as a safety instructor, so I am currently kind of teaching right now. And this is really a passion versus profit question. So I hear you teaching every day. I listen to your show every day. And my wife and I are really wondering, you know, is this a good degree path for me? Is this the end goal, a good idea for making money for my family? Because, you know, we hear all the time that philosophy degrees don't do anything for you um but i really have a passion for teaching i'm really

passionate about the subject matter um and just kind of being that person that kind of is able to mold minds of future generations um yeah so that's that's kind of my question cool well it's the only path that that degree has got a natural career to it we don't have philosophers walking around on the streets getting paid money and so philosophers have to be

PhD'd and be college professors in order to have a job and you should make six figures doing that if you get a decent institution you're working for and with your military service I doing that if you get a decent institution you're working for um and with your military service um i think that gives you an advantage thank you for your service by the way so i don't have a problem i don't have a problem with people learning philosophy or teaching philosophy i'm not mad about it um and i think you're being wise to ask the question of how am i going to monetize my education and for the good of my family.

Okay? Matter of fact, that's kind of a philosophical question, if you think about it. So, you know, it's a good question. The only thing I might add to your whole process, just listening to you, I think you might have as much of a bug about leadership as you do philosophy. Okay. Maybe you do some, while you're doing this, I'm not saying you change your direction, but as your electives,

maybe we do some management and leadership courses, and you kind of have a philosophy of leadership thing starting to develop. And if you've got some good solid leadership stuff to go with some good critical thinking skills, that opens up a whole lot of doors for you if you chose not to be a professor later. Okay. Because leadership, you know, we do have leaders walking around on the street making money. Yeah, you're correct.

Learning the skill set and the attributes of world-class leaders and people who want to become world-class leaders, it is a teachable process. I teach leadership. We teach entree leadership. I'm going to be in San Diego with 4,000 people next week teaching them how to be better leaders. Leaders are not born. I've been to the hospital. They say it's a boy or a girl.

They never say it's a leader. And so you can teach them. And I'm just listening to you and listening to your background, your work ethic. You're not approaching this, your vernacular, you're not approaching this from some highbrow academic thing. You have a practical side to your life and always have, and so that's kind of what's bugging you about this a little bit. Am I wrong? No, you're not. That's right.

You know, you're working in the shipyard. You've been in the military. You know, now you're pursuing a degree in a professorship as a phd uh track you're on i i like all of it i just would add to it rather than that but because the downside of your singular track is it's got one possibility other than just leaving the career field other than leaving your academic studies behind and going in a completely different direction, which people do all the time, by the way.

A lot of people are not working in their degree, but that's not our goal here. So you wouldn't go to all this trouble not to work in it. But you've got one way to get a job on your current path, and that's a professor. Correct. So real quick, I'm about, I'm set to graduate next year in May. In undergrad.

Correct, in undergrad. So would you recommend whenever I'm choosing a graduate program that I kind of keep my options open for leadership? Yeah, I mean, jump over into their MBA program and pick up some electives while you're doing your PhD track on philosophy. That's all I'm saying. Learn strategic thought and some leadership skills and some of the research that's been done and the attributes of leaders and weave that in with what you're doing. I don't think it's an unnatural fit. I think they're complementary. Okay. Good leaders are a bit of a philosopher.

You know, you can't help but be that. It's critical thinking skills. Okay. And that's what you're learning. So, excellent job, man. That's fun. Good discussion. Thanks for calling in. Aaron is with us in Palm Springs, California. Hey, Aaron, how are you?

Hey, Dave. Thanks for taking my call, man. Sure. What's up? Hey, so my parents had put me in a life insurance policy when I was 19. I'm 17 now. I've been paying into it. I haven't really looked into it at all.

I just know that you've been sharing. I've seen some of your videos that say that's a bad deal. So I don't know. What should I kind of do with that? And I think I have about like $3,000 in there. Okay. How old are you? How old are you?

Oh, I'm 32. And are you single? I'm married. Okay. And do you have another life insurance policy? I don't think we do. Okay. You have children? We have one on the way. Awesomeness. And what do you make? My job right now? Yes, sir. How much do you make? What's your income? About $30,000. Okay. I'm a paraeducator at a school, but I just finished my master's to teach PE. So hopefully I'll get a job next school year.

And my wife's a nurse. And what would that entail you making if you got a job next school year uh about 60 000 perfect okay a good rule of thumb is to have 10 to 12 times your income on you in term life insurance that's 15 to 20 year level term okay let me walk you through that let's say it was 10 times that'd be 600 000 on you it's very inexpensive if you're healthy and you're not overweight and you don't smoke okay especially at your age it doesn't cost nothing so go to zander zander insurance.com and get a quote on 600 000 now if you die two weeks after you get this policy with 600 000,000, your wife gets $600,000. If she were to invest that

in good mutual funds and if she were to make 10% on that, 10% of $600,000 is $60,000. Yeah. We've just taken care of your wife and child and never touched the principal. That's what you want to do to take care of your kid.

And once that's in place, cancel this garbage whole life. Okay. And it was sweet of your parents to do it. They were trying to do a good thing. They just did it in a bad way. And it's just trash. And now your wife is the same thing. Take 10 to 12 times her income on her.

And if she passes away, you would have the money to raise your child. And then you revisit your life insurance every so often as your income goes up and you add a little more. And then someday, 20 years from today, if you're listening to Dave Ramsey, you didn't take out more than a 15-year mortgage, your house will be paid for. 20 years from today, your new baby will be 20 years old and out of the house. Thank you, Jesus. And 20 years from today, if you're listening to me, you would have been investing through that 20 years, and you'd have $600,000, $700,000, $800,000 in your 401K with a paid-for house and no kids at home. If you dropped your life insurance, she'd probably be okay if you died

because she'd have $700,000 and no kids to raise in a paid-for house. I think you can make it on that. That's called becoming self-insured by doing financial planning. So your need for life insurance is not for your whole life. It's just for a term. If you do good stuff on the other side. This is the Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options?

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visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. Camille is in Oahu, Hawaii. Hi, Camille. Welcome to the Dave Ramsey Show. Aloha, Dave. How are you doing? Better than I deserve.

How can I help? Yeah, so I'm 22 years old. Got married four months ago with no kids yet. I just immigrated here to the States, so my husband is the only one working while I'm still waiting for my work permit. My husband and I have done Baby Steps 1, 2, and 3 already, and we're already working on our Baby Steps 4. Good for you. Thank you. Thank you. My concern is recently I have the opportunity to learn hands-on with Tim Sykes for stock trading. Now, the registration fee is quite hefty.

It's $6,500, and that's separate from the money that we would be investing. Now, I don't have $6,500 lying around. My question is, should I borrow that money from our emergency fund? And if we do, we still have three months of emergency fund left. And what are your thoughts on this? Well, I'm not familiar with the exact course that you're talking about, but obviously I'm familiar with the concept of buying and selling stocks or day trading, if you want to call it that. All of the research shows that 78 to 84% of day traders lose money.

Mm-hmm. And 100% of them think it's not them and that includes people who take courses like you're talking about I can find no data points that show on a consistent level across a broad population the people that take a course like that become wealthy as a result because buying and selling single stocks is ultra high risk and um truthfully wall street journal example had a big piece of research that they printed on the front page a few years back that they took a uh a blindfold and put it on a guy put all the stocks on the wall and threw darts at the wall.

And they bought those stocks, hypothetically. And then they used some of the top players on Wall Street to pick a portfolio of stocks. And the blindfolded guy beat most of the top guys. Oh, yeah. And it was a trick. The research is not real. It was a trick. Here was the problem.

They were only allowed to pick five stocks and uh and the problem is that with that little amount of diversification which single stocks always cause you to have is a small amount of diversification you can get no safety and so the volatility caught even the guys who were smart the volatility catches them and so you got to have a broader base than that and that's why i don't buy any single stocks personally uh now i found some i know i have some friends that took their companies public and made a couple hundred million uh that's different i i know some people that buy and sell some stocks as a small percentage of their world it's almost like a hobby for them and some of them make some money but it's kind of like a

fishing story it's always talking about the one that got away or they're always talking about the fish is always bigger than it really was when you actually go back and look up the returns so i just don't do it all of that to say so all that to say i wouldn't do it number two would i take a course of any kind and pay for it with my emergency fund no because it's not an emergency okay use your emergency fund for emergencies jim is with us in phoenix arizona hi jim welcome to the dave ramsey show hey how are you dave better than i deserve what's up well you know my sweetheart and i were bumping along just fine until about a year ago. I lost my job. Corporate downsizing, and we're both 61.

We're debt-free except for the house. And this is one of those what-would-Dave-do questions. My income has dropped dramatically. We're able to make all the bills, and we're paying everything. We're maintaining everything great, but I'm just not putting anything else away for retirement. I've got about $400,000 in retirement accounts now. I've got about $150,000 equity in the house. Good. What do you owe them?

$330,000. Okay. What did you used to make? About $140,000. Doing what? Sales management. Good. Good. Yep. Okay. And I've been looking. I've been looking management. Good. Good.

Yep. Okay. And I've been looking. I've been looking, but I just, you know. My question is real simple. How long were you doing sales management? Oh, 30 years. Same company?

Nope. Nope. Okay. My company got acquired, and then that company got acquired. It was a series of. And what does your wife earn now? She does not work outside the home. Okay.

All right. So you've got another gig, but it's not making $140,000. That is correct. Making what? About $100,000. Well, there's nothing here to panic about. No, we're not. But we bought a large home.

We got in early on a master plan development night, and we've had some nice appreciation already, and my plan was to keep it for another three or four years when we want to retire. Yeah. Sell it, pull the equity out, take cash for a condo, have no debt in retirement, and then ride off into the sunset. And how has that plan changed for the $40,000 change in income? Well, I'm not putting anything else into my 401Ks and my retirement accounts.

Why? Well, I mean, not to put it where I will, I was putting a lot into that. I was very, very grateful. Okay, you're debt-free except your house. You have $400,000 in your 401K. You make $100,000 a year. Right. Why can you not save 15 of

your income um how much did you say you owed on the house about 330 you still should be it's a little higher than i'd want you to be what's your house payment uh 27 yeah,000. You're still okay. Yeah, I want you on a budget, number one. Number two, you know, you and I are about the same age, and we share the ability to sell. And in my experience, a salesperson is probably a really good, high-quality salesperson, especially somebody who's trained and led sales teams, is probably more employable than almost anyone on the planet. That's about the easiest gig to land.

I know you've been after it, and I'm not saying you did a bad job. I think you got kicked in the teeth, and you're still reeling a little bit. And I think you're probably worth double what you're being paid, and you just haven't found it yet. I think you've got an encore career in your future. Okay, well, if you would not sell a house right now, you'd keep putting it forward. Well, there's no reason to panic. You're just not making the traction you want to make.

Right, yep. Yeah, I wouldn't panic yet. You know, if you look up three years from now nothing has changed yeah i might downsize but you were going to do that anyway at that point right exactly yeah no i'm hanging on i'm gonna hang on but my challenge for you is emotional on the career side i think you're worth more than than when they did this to you, it hurt deeper than you've admitted. There's probably some of that. Yeah. And I think you're worth more than you think you're worth deep down inside.

Because honestly, I mean, we deal with salespeople all over America in all kinds of situations. And I know tons of them just selling not even sales managing that are making 100 and a half 200 and i and you've done this for 30 years it's your career you're a pro and um yeah yeah you you don't get to ride off into the sunset yet you have another rodeo you're not done that's my prediction for you we'll see You call me back and let me know. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money.

Randy's on Facebook. Dave, what do you think about prepaying funerals? I don't. Do it. I don't think about it either, but I wouldn't do it. Don't prepay anything. There's no point. You can have money set aside, and you can have everything preplanned and selected,

but if you give them the money and you don't die for 20 years, you lost the interest on that money for 20 years. And had you invested that $3,000 at 60, and then you don't die until 90, you could have buried King freaking Cut with what that would have become in a mutual fund. So you don't prepay that stuff. They get to make you money on your money. It's very profitable for them.

But pre-planning? Oh, I totally believe in pre-planning. I don't have my casket picked out, but just about everything else. This is the Dave Ramsey Show. We'll be right back. Carlos is with us in Phoenix, Arizona. Hey, Carlos, welcome to the Dave Ramsey Show. Hi, Dave. Such an honor to speak to you. I'm a huge fan, and thank you so much because you have helped me a lot.

My question is, I'm debt-free. I own my house, and I'm thinking of buying another house, but I don't know if I should sell the one that I'm already paid off, or, you know, save for a down payment and keep the other one rented. I don't know what to do, Dave. I would pay cash for the move, and the way the way you would have to do it, in order to do that, you would have to sell the one you're in, right? Yes, yes. Okay, because you don't have the money to keep and do, you don't have the money to do both in cash, right? No.

Okay, so you're wanting your personal residence, you're wanting to move up into a nicer property. Okay, I would save up. You finally made it, man. You have no payments. What's this rush to get back into debt? No rush. No rush. I'm complaining.

You know, my daughter's still young, but, you know, the wife, she wants to move up in a house in a better neighborhood. That's all. You know, we love our house and no problems. So what would your house sell for? $185,000. I look at the price, $185,000. And what would the other house that you would purchase cost? $325,000, probably not top of the $400,000.

So you need another $100,000, $150,000. Have you got it? I can save for it. Okay. Then do it. That's what I would do. Move up, and then your next step would be to save up and pay cash for a rental if you want some rentals after you make the move up into the house that makes Mama happy.

So there you go. Good question. Teachers, there is only a few days left to enter our teacher appreciation giveaways sponsored by Jackson Charitable Foundation. Teachers, we are giving away two $5,000 vacation getaways and one of three $1,000 gift cards. So there's five shots at winning $1,000 or more in this. Two of them are $5,000 vacation giveaways. This is a great teacher appreciation giveaway. No purchase necessary, obviously.

No salesman will call. Visit DaveRamsey.com slash teacher. You cannot enter for someone else. You have to do it if you're a teacher. You have to enter by April the 30th. If you're not a teacher, pass this along to a teacher that you know and love. Our question of the day comes from Blinds.com. They have a 100% satisfaction guarantee.

It means even if you mismeasure or you pick the wrong color, they will remake your window blinds free. You get free samples, free shipping, and new promos all the time. Use the promo code RAMSY. It's magical. Today's question comes from Christopher in Oklahoma. For the past six years, I've been going in circles, making purchases on a credit card. I'd pay it off, and the same thing happens again. Last year, I got myself into $1,500 worth of debt.

Seems like I can never pay it off because more debt accrues like medical and dentist bills that eats up my money. I'd like to move forward, but I'm paralyzed by this. It feels like I'm working like crazy, fanatically running in circles like a chicken with my head cut off. A tired hamster in a

wheel. Yeah, man, we've all had that feeling. So, there's a saying that 12-steppers have, Christopher. You keep doing the same thing over and over again and you expect a different result. That's the definition of insanity. And so let your frustration with the situation rise to the level that you get pissed off enough to do something about it and change. You have to change.

My friend Les Brown, the great motivator, says people change their lives only when they finally say, I've had it. I'm sick and tired of being sick and tired. That's when you change. People do change. It's just too difficult. People will do the same thing we all do we drive the same way to work we sit in the same place in church we'll do the same thing over and over and over and over and over again i've been wearing the same pair of blue jeans for 10 years

i mean we just don't change we don't change we'll keep doing the same old stuff and wonder why things aren't changing because we haven't changed at all. But man, if you get mad enough, if you get sick and tired of being sick and tired and you finally say, I've had it, that's when you'll change. Now, what would you do if you got that mad? You'd start selling stuff. You'd take an extra job.

You'd actually get on a budget and you'd write out a budget and then you'd actually live on the budget. You'd get the every dollar app. It's and do out lay out your game plan it takes 10 minutes you go here where's my money going a budget's people telling their money where to go instead of wondering where it went you'd sell stuff you'd amputate the tahoe you'd chop up the stupid credit cards and vow to never use them again. But as long as there's not enough pain to activate you to change, you'll probably just sit in the slop of mediocrity. So the interesting thing is you can just decide one minute later to be pissed off.

I've had it! That's when things change. I was a little kid, a little redneck hillbilly kid. We'd run in and out of the house, all the neighborhood kids running in and out of the house, running in and out of the house, running in and out of the house, letting all the air conditioning go out, yelling, screaming, running through the house like wild, crazy people. Finally, after a while, my mother would have enough.

Y'all know what I'm talking about? When mommas have enough, she'd say, That's it! The worm has turned. Now, we had no idea what that meant, except the beatings were getting ready to begin. That's all we were sure of. The worm has turned. Turns out it's Shakespeare. Who knew mom knew Shakespeare?

But there you go. The worm has turned. It's over. I'm done. That's it. I've had it. No more. And you've got to have that moment.

That's when people lose weight. That's when their marriages get better. That's when they're crazy, wild children straighten up. That's it. I've had it. You suddenly start putting up boundaries. You no longer have people taking advantage of you. You leave a toxic situation.

I've had it. But it's a decision, isn't it? It's interesting. You can just wake up and decide to say that and mean it. Nothing really physically has to change. No circumstances has to change. The only thing that changes is between your two ears, that little six-inch space there. And you go, you know what?

I have a choice. I get to choose my dignity. I'm not going to live like this anymore. And that's when people get out of debt. That's when they get on a budget. And that's when their friends who have not become disgusted with their mediocre lives make fun of them. And that's what's going on. You just got to reach that point, though, that that's it.

I'm done. It's a great moment by the way and it's happened to me several times in my life at on different subjects i mean spiritually it's when i fell on my face before god and said jesus i accept you as my lord and savior that was an i've had it moment that's a spiritual moment right i'm changing things I don't use the words I used to use as adjectives. I don't treat people the way I used to treat people. One old lady I heard say, I was like,

all right, how stupid is a cuss word? I said, well, you didn't grow up where I did, darling. But you haven't. I've had a moment. I changed. It's called repentance. You change direction. You change direction.

It's a 180. I'm walking one way. I'm driving down the interstate the wrong direction. And you go, crap, I'm going the wrong way. And you get off the exit. Go under the bridge. Take a left. And get back on going the right way. And the little lady in your phone will tell you that you have done the right thing in her little passive-aggressive voice.

I still think they ought to program those phones with your wife's voice, but what do I know? But anyway, yeah, I told you you were turning around. I mean, seriously. You know what happens when you get off the interstate and turn and go back the other way? If you were driving 70 miles an hour, you have changed the direction of your life at 140 miles an hour. You're no longer going 70 the wrong way. Now you're going 70 the right way. That's a delta of 140. That's what happens when you say, I've had it. And Christopher, I think

that's in your future, my man. I love phone screener for The Dave Ramsey Show. This episode is over, but if you heard about a product or service and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.