The Ramsey Show - App - Being Stupid With Money SHOULD Give You Anxiety (Hour 3)

Episode Date: January 8, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. George Campbell Ramsey Personality is my co-host today. The phone number is 888-825-5225. Melanie is with us in Philadelphia. Hi, Melanie. Welcome to the Ramsey Show. Hi, so excited to be here. Thank you for taking my call. We're honored. How can we help? First of all, let me just say, George, I'm reading your book. It's super awesome. Oh, thank you so much.

Appreciate that. Yeah, no problem. So my question is, so my husband and I are on Baby Step 2. I'm working two full-time jobs. He's a school teacher and also has a training, like a personal training gig on the side that he does. He rents his own facility. But he's had it for four years. And my concern is that he really hasn't

made any profit off of the business he makes just enough to just pay the bills at in the business um at what point do i have that conversation that it may not be worth his time um in the business just because it's just not bringing in yeah anything that doesn't make money is called a hobby right it's not a side hustle it's a hobby he likes work he likes personal training so much he's willing to do it for free almost i mean he makes some money but not as much as i think he should because he's been doing it you're changing your tune in the middle of the call which is it how much does he really make net profit on the thing probably it varies every month

so we can run range anywhere from 1500 to like500 a month. Profit. Oh, well. You said after he pays his bills, he's not making much, if anything. He's not. What bills has he got? The rental on this place? Yeah, just the rental on the place, and then he has like, that his utilities are included with the rent in the facility, and then he has like, I don't know, his internet or something that he pays. Okay, so he's getting $1,500 to $2,500 in.

What's the rent? $1,600. So it almost takes everything. So if he doesn't make $1,600 in a month, he loses money. Right. Okay. Well, I don't think it's unreasonable to sit down tonight and say, honey, we've got to look at this as a business,

and we need to look and see what we've got to do with your pricing and the number of clients that you have to make what you're doing over there profitable. Because it's not okay that you're spending all this time over there and potentially even losing money. Right. So let's get out the numbers. Let's get time over there and potentially even losing money. Right. So let's get out the numbers. Let's get out the numbers and run a P&L on this thing. And just sit there tonight and run a spreadsheet on it.

How long has he been doing it? He's had this place now for four years. Okay. Well, let's go back, you know, for the last 12 months and pull the revenue and then put in $1, 1600 a month and then put in the internet fee a month and and let's see if we've really got a profit or not figure out what is hourly wages on this yeah my guess is you know you made you know you made 500 bucks and you spent 600 hours over there right you might get a dollar hour come on So as a business owner, how do you, like, at what point do you say, like, this is not viable anymore?

I mean, he's supposed to be like an adult and stuff. He teaches children. Yeah. Yeah, he does. What does he teach? Health and phys ed. Okay. And what age children?

Anywhere from kindergarten to high school. Okay. And so we would assume that they know how to do basic addition and subtraction. Yes. And he should. Mm-hmm. If he's teaching. I mean, really.

Yeah. He needs, you know, you need to sit down with him and say, I need you to look at this through the eyes of a business and let's look at it for a few minutes and let's see if you think this is worthwhile but i don't you don't need to tell him he needs to he ought to be able to a logical adult male female should be able to come to a conclusion on this without his wife or husband telling them i mean you ought to be able to look at it and go i'm making a dollar hour no that doesn't cut it you know i'm supposed to be providing for my family during this time no no and you guys are in debt and so i think that's a

part of this equation is we need to actually make money right now so here's the thing anytime we're in a business situation with our entree leadership clients on a side hustle or a small business idea, we do one of a couple of things. One is we have to ask ourselves, what can we change to make this viable? And if the answer is there's not a change that will make it viable, then it's time to shut it down. Okay. I mean, I think you guys are going to look at this and figure out. I think you're going to look at this and figure out you put eighteen thousand dollars or what is nineteen thousand dollars in rent into it last year you know and he brought in nineteen thousand five hundred bucks i think that's what you're

going to find yeah i think so too and and you know so and then how many hours you spend over there divide that into 500 and you look at him go honey what part of this is smart none right so you know you so we something has to change this is not okay we have to raise our prices increase the number of clients both or we got to say we're not doing this anymore okay yep i'm gonna have that conversation i appreciate your your opinion on that. I guess the other thing is, you know, do you have a basement? We do. Why don't you do it down there?

Yeah. $1,600 a head per month instantly. Mm-hmm. Another thing people do now is they'll go to your house and do the work out there. Oh, yeah. Yeah. And the other thing they can he can do is just go work at a gym that already has personal training and they hire him and pay him money so he

doesn't have any of the overhead yeah so there's a lot of options part of the equation on the business model may be getting rid of this rent and suddenly yeah you're you're doing in-home work and in your home work in in other people's homes for them you know personal training you go visit jim then you go visit george and you do whatever i mean that's the dream and they pay you money you know and um i have a gym in my house we did that for a long time and so um my wife made fun of me she said you know the guy's counting for you you know that's what you can't count to 10 you're paying that moment paying that guy big money for counting i'm paying him for accountability there's that but i i can count

to 10 i already can do one two i can but you need a guy yelling at you other than the guy in your head we don't need anybody yelling at me but um but we need someone just i know if he's going to come over there then i'm going to do the workout, right? Otherwise, I might find my little butt on the sofa. You know, that could happen. And so that's what, you know, that's what a personal trainer does sometimes. We know it. We can Google the workout. We hire the personal trainer because we need that level of hand-holding right now.

Yeah, I mean. That's okay. Yeah. So, I mean, he could provide the service, like George was saying, charge even more to come to people's homes in person and or in your basement and or if you're going to keep the location, you've got to make the location. Having the location needs to cause you to make more money than not having the location would cause you to make.

I think you're going to get rid of this location at a minimum. This is The Ramsey Show. Hey, you guys. Health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved

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and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget. George Campbell, Ramsey personality, is my co-host today. Stephanie is in Indianapolis. Hi, Stephanie. Welcome to the Ramsey Show. Hi, thanks so much for taking the call. My husband and I have a question. We bought our first home three and a half years ago,

got a really great interest rate at the time. The house was appraised at $250 before we put on a new roof and we're having to replace the furnace. And that's part of our frustration. It's an older home, almost a hundred years. And at one point, I suppose there's a tipping point somewhere where you keep putting money in the old house and keep the good interest rate and just get a little more equity out of it or a broader picture. We don't want to maybe be here forever, a little more equity out of it or a broader picture we don't want to maybe be here forever a little more land a little newer house maybe not a hundred years old and we're just wondering how much longer should we stay um we can't get to the aesthetics part of renovating so it's just maintaining the house which we can do it but it's just frustrating yeah it's like okay at what point is it maybe they're cute thoseics are cute, but they're a pain in the butt.

They don't build them like they used to, thank God. Yeah. Yeah. Oh, gosh. So, yeah, I've done a bunch of those. They're very interesting. Yeah. I think you're done.

Well, I feel done now because I got willied out of the furnace that we're replacing at some point, hopefully this week. Yeah, I think you're done. It was giving out carbon monoxide. I'm like, oh, my word. Who could die? So what's wrong with selling it? I'm just, I don't want to necessarily move and then move again in three years.

So it'd be nice to be. Where are you going to move? Where are you going to move that you got to move in three years? Who said you had to? Just move. Well, I just don't want to move up in-house and then feel like I have to move up again. You know, I'd like to move into a house that's more the ideal,

not that there's a perfect house, but... Let me help you with this. You thought that was ideal when you moved into it. No, this one wasn't, but it was a blessing for where we were at for a first-time homeowner this house has been a blessing okay um how long have you owned i guess it's a money it's a reach like to get the house we want it's a little bit of a reach so don't reach just buy a house that's not 100 years old not having to screw with it all the time okay that'll feel like a dream home compared to this that my this idea that you're going to buy something that automatically is going to be what you want for 10 years, it's not.

There's no automatic. Because life changes, things shift, your needs, your dreams, everything changes, and you're going to move again. You don't have to move every three years, but you also don't have to reach to something you can't afford either. So what will this house sell for? Probably around, best case scenario, $260,000. And you've owned it how long? Three and a half years. Okay.

All right. You have no capital gains on it, and you sell it and buy the next property. And what's your household income? This coming year, it'll be $105,000 to $10,000 at least. You can definitely make a move. What's left on the mortgage? About $150,000. Okay.

So you're going to have $100,000 equity, give or take, coming out of there, and go buy you something else. And I know, Dave, she was worried about that. She said we got a nice low interest rate so that she doesn't want to let go of that, which is a problem a lot of people are facing out there you either got the furnace and the roof and all the crap falling down around you or you got the interest rate you gotta decide i mean there's there's always a trade-off and so you got the hassle of moving and not gonna get to buy what you want well of course you're not gonna buy what you want you know you know things always change so it's up to you but i

you know when you call me and all you can talk about is all the money you've spent on the thing you're done you're done so stick a fork in it move on you know that's it and you can always refinance later if rates go down you're not stuck with that rate forever date the rate marry the house get a good house and don't worry about the rate rate will come down when it comes down refinance then you're fine you date the rate marry the house and most people fall in the ramsey baby steps dave we found pay off their home in seven years you're not stuck even if you had that interest rate you might have it for seven years pay the dang thing off upgrading cash on the next one and you'll be okay. Lean into the process here. Karen is with us in Jacksonville, Florida. Hi, Karen. How are you? Hi, Dave. Hey, what's up? I'm doing well. It's an honor to speak

to you. You too. How can we help? Well, my husband and I have actually gone through Financial Peace University and we're doing really well. As of 2022, we had a fully funded business safeguard account. We had our emergency fund funded. We had no debt other than our house. And at that time, my husband got a not so good medical diagnosis. So that set us back that year, and then ultimately he decided to make a step into a profession that he wanted to be in, and that essentially cut our income almost in half for now. But my question is, as a result of those two things, we had to, you know, tap into those safeguard accounts and pretty much depleted most of them. And now we've got some credit card debt. We have some stock that is not in any kind of retirement account. So my question to you is, do I sell that stock and pay that little bit of credit card debt that we do have now, or should I let that stock sit and just continue to not accumulate any more credit card debt, but, you know, just make payments on that?

Well, what happens next time? What happens next time? Next time there's a bump in the road and you land on a dadgum credit card again. When are you going to stop this foolishness? Well, I mean, we were able to do quite well for, you know, a while. Yeah, until you didn't. Until you started living on credit cards again. Well, we didn't really live on them i mean yeah you did you bought crap you couldn't afford to buy well it was more monthly things

that we already had an obligation for um because we weren't meeting our monthly budget okay so when you use the stock to pay off the credit cards and the next time you go on one of these adventures where you don't meet the monthly obligations and you lean on credit cards, what are you going to do then? Well, I would hope he wouldn't be back in this position. I would hope you wouldn't have been here this time. I'm not going to give you permission to say what you did was okay.

What you did was not okay. It was a really bad, dumb plan. And if you're going to give you permission to say what you did was okay. What you did was not okay. It was a really bad, dumb plan. And if you're going to use every time something comes along to get yourself back into credit card debt, I can't help you. Because you've used up your stock then. So if I tell you to cash out this stock and then you go do this again, you're screwed, girl. You follow me?

Yeah, I guess this was kind of a one-time no it's not a one-time thing though no it's not always life's going to bring you something it's always going to be something coming up until you decide no matter what let me tell you when the time is we're going to use a credit card at the Ramsey's. Never, under any circumstances. We'll sell everything in sight, including the dog and three of the grandkids. We will never again go into a credit card debt, ever, under any circumstances, period. Nothing will cause that to happen. We will be riding a bicycle instead of driving a car but we won't have debt ever see until you get there kiddo you're going to go back again you're going to go back again you're going

to go back again because there's always something comes up because there's a crack and as long as there's a crack in the thing the water's going to leak through so yes you should cash out the stock and you should pay off the credit cards but you have got to the two of you have got to sit down and go we flunked financial peace university we flunked the class so we have got to reset and draw a line in the sand and say never under any freaking circumstances are we ever going to have a credit card in our house? Cut it up, close the accounts, and then you won't have the opportunity to be blessed with the 22% APR from these credit card companies. That's the easiest way to do it, because then you're going to find another way

when debt's not an option, when debt's off the table. I got a friend that lost his career. He lost his family. He lost everything because of a drinking problem. He's now been dry for 30 years. You know when he's going to drink again? Never. You know when the alcohol is going to be in his house again? Never. Ever. You got to decide. This is the Ramsey Show. In the lobby of Ramsey Solutions on the debt-free stage, Samantha's with us. Hi, Samantha.

How are you? I'm wonderful. How are you guys doing? Better than we deserve. Where do you live? Dallas, Texas. All right. Welcome to Nashville.

Thank you. And how much debt have you paid off? $57,208.66. Way to go. How long did that take? 27 months. Good for you. And your range of income during that time? $70,000 to $106,000.

Cool. What do you do for a living? I am a DPMO, so basically I'm a program manager of operations. Wow, good for you. And what kind of debt was the $57,000? Credit card debt. I had medical debt, I had a car loan, and the infamous student loan debt. You had it all. You were normal.

Yes, sir. Wow, what a lineup. A prize for collecting them all. Yeah, my paycheck. How old are you? I'm 31. Okay, very cool. So what happened 27 months ago that Samantha got a wake-up call, and how'd you get connected to

us? Sure. So about a year and a half before that, I gave my life to the Lord. I was at my rock bottom, gave my life to the Lord. Cool. And I got serious about actually following God about six months after that. So I started reading the Bible, and the Bible says dead is bad. Very cool. So I had this plan that I was going to pay off my student loan in 10 years. And I told my brother-in-law and my sister. And they said, well, you can actually pay it off in two years. You can actually pay off all of your debt. They said they did.

They met this guy, Dave Ramsey, and they paid off all of their debt. Oh, wow. Yeah. So, well, met you, your show. So they did that and I thought they were crazy. I was like, they don't know how much debt I have. So me being me, I started doing some research. I got the total money makeover, read the book.

I listened to some of your teachings. And what really did it for me was listening to the podcast because you had people of all walks of life, single people, married people, younger people, more tenured people. More tenured. That was sweet. So nice. That's what I am, George.

I'm tenured. She didn't make eye contact with you, so that's good. That was her personal dig. Yes. So, yeah, and then I started on the plan. I want to be a good steward of the things that God has for me. Amen. Where do you go to church in Dallas? Life life fellowship oh yeah mckinney yes very nice very nice so you just

leaned into the the podcast after reading the book and started following and doing this stuff and just straight up did it i did um i really got some momentum because my credit card debt was smaller i was able to do that within the first two months. But then really getting after my car and seeing how quickly I was able to pay it off, it really gave me momentum. I started babysitting, dog sitting, house sitting, cat sitting. A lot of sitting. Yes. I was in school getting my master's when I started this.

So as you know, with getting an extended degree, you don't even have enough time to cry, let alone get a regular second job. So I had to be creative with it. So I did that. I learned how to coupon and I cut down 98% of my personal expenses for like toiletries and household items. Wow. Yeah. You were like extreme coupon or that? I wouldn't say extreme. Like you were getting paid at the store. The cashier was like, here's $20? Yes, they did. I got good enough at it where they actually started owing me money when I would go couponing. And then I started selling my stockpile. I was able to give some of it away to single moms and people in need.

Wow. Well, it sounds like you had a heart for generosity throughout this whole process, which is beautiful. Yes, which was hard because my money was going to debt, and I couldn't give it away outside of tithing. But I got creative that way to be able to still give. That's inspiring. Well done. What's your master's in? I got my master's in management with an operations excellence.

Yeah, right there in your job. Way to go. So did you get a raise in this process, promotion? Yeah, that's the 70 to 106, right? I did, actually. It's actually an interesting story. I was going to get laid off in the middle of doing this, so I started looking for another job, and I found the current job that I had, so that my income went up to 85, and then they saw they appreciated my work ethic, so they gave me a 20% raise. Wow. Very good. Very good.

Good for you. Thank you. How fun. Your sister and brother-in-law have got to be cheering. They would be here, but my sister is extremely pregnant, so she couldn't travel, but I know they're watching, and I'm so thankful to them. They cheered me on.

Every time I'd pay off $5,000, I'd be like, I still have 50 left. But they were excited. I paid everything off. So they were great cheerleaders in my church family. Yes. They would take me out to eat because I wasn't going out to eat. I wasn't spending extra money for Christmas. They'd buy me clothes because I would buy one pair of jeans a year until literally I had holes in it because I was trying to save as much money as I can. That's cool now. Yes. Yes, yes it is um well maybe not for work but samantha you're amazing thank you you are amazing i'm so proud of you hero thank you god is amazing

in me well done he is amazing and uh so happy you found him and that's what started the whole process very very very what do you tell that person who's 29, and they're looking at $57,000 in debt, and they're like, well, 10 years, maybe I'll pay off my student loans. What would you tell that person if you were sitting across from them getting coffee? Sure. I would tell them to look at how much interest they were paying, because that was what upset me. I would make a payment, and so little was going towards the a payment and so little was going towards the principal

and so much was going towards the interest. And it was actually funny when I paid my car off or I got close, they called me and asked me if everything was okay. And I said, yeah, I'm trying to pay my car off. But I would say that the first thing would be Jesus. It says in his word that his faithfulness is a protective shield. When you're obedient to God's word, he's going to bless you. My income going up, that was a blessing from God. So when you walk with him, he will bless you. And then secondly, endurance. There's so many quick, quick fix plans for getting out of debt. But what I love about this plan, it taught me that I don't need to impulse buy. That was a reality that I had to come face to face with.

And also that I did this to myself. I swiped that credit card. I went and got that car loan. I did those things, but I was going to work really hard to get out of debt and do that and be an example to my nephew and to my future children. My sister and I and my brother-in-law are first generation believers. So we want to show the next generation that they can do this without debt. You can go to school without debt. You can get a master's. I was able to get my master's without taking out

additional money. So you can do it. I've had a surgery. My dog got sick, all of that. But because I was doing this plan and inflation, because I was doing this plan, I was able to pay cash for those things and I didn't have to rely on a credit card or a loan to do that. Rockstar, you're amazing. Wow. Ding, ding, ding, ding, ding, ding. Pretty incredible. You have changed your family tree. You've changed your whole life. The gospel has transformed you. Very powerful. Very powerful. Well transformed you it's very powerful very powerful well done very very very well done i love it so when i guess i'm going to phrase it again maybe george asked this but let's see if we can do it one more time boil it down if you told people

to do one thing or two things to get out of debt what would you tell them to do endurance endurance endurance don't quit don't quit you can do it. Just keep going. 27 months is a long time, and 27 months is nothing. Yes, and you can be very creative. I mean, my friends still had babies. I was able to coupon and get $110 worth of diapers for 41 cents. You can find different deals. Wow.

It's out there. You're smart enough to do it. Just because I have a master's as a mean i'm like overly smart or anything you can figure out how to be creative and how to get out there and hustle it is possible to do it you're amazing yeah well done hey we've got the live and give box for you the baby steps millionaires book because that's where you're headed for sure total money makeover book to give to somebody and give them some hope. Financial Peace University membership. Go through it or give it away.

That's the Live and Give box. People buy it all the time, but we're going to give it to you to say thanks for coming all the way from Dallas. Congratulations, Samantha. Samantha from Dallas, Texas. $57,000 paid off in 27 months. The coupon queen. From 70 to 106. Count it down.

Let's hear a debt-free scream. Yes. Three, two, one. All glory be to God. I'm debt-free. Yeah. Woo-hoo-hoo-hoo. I want to be Samantha when I grow up.

Man. She's impressive. Be careful. Your life will I grow up. Man. She's impressive. Be careful. Your life will preach. Wow. Powerful. Powerful. This is the Ramsey Chef.

Our scripture of the day, Isaiah 41.10. So do not fear, for I am with you. Do not be dismayed, for I am your God. I will strengthen you and help you. I will uphold you with my righteous right hand. Tommy Lasorda said, pressure is a word that is misused in our vocabulary. When you start to think about pressure, it's because you've started to think of failure. Hmm, there we go.

Dakota is in Dallas. Hi, Dakota. Welcome to the Ramsey failure. There we go. Dakota is in Dallas. Hi, Dakota. Welcome to the Ramsey Show. Hi, Dave. Thanks for taking my call. How are you? Better than we deserve. What's up in your world?

Hey, so I am 27 years old. I am making around $76,000 a year between my full-time job and a part-time job that I picked up. Cool. I am fortunate to not have any credit card debt, which is great. And I'm very thankful for that, but I am sitting around $45,000 in debt between my student loans and a car loan. My student loans are around $31,000 across five loans with my highest interest rate at 6.6%. And then my car, I have about $14,000 left at a 3.79% interest rate.

So I'm sitting around $6,600 in my savings account. And I followed along with the show and hearing, you know, the goal of having $1,000 in savings is great. However, having that little amount also gives me a lot of anxiety. I'm just thinking of, you know, random things that could come up here and there, car breaks down, you know, extra expenses, things like that. So I guess my question is with my lowest student loan being around $3,000, technically I do have a savings account to just start, you know, knocking that out right away while still having a little over $3,000 left in the account. So I guess the question is, should I plan to start drawing from that savings account,

start knocking those student loans out in the car, out paying extra there, or should I leave that savings account alone, look at refinancing? I'm not sure. How deeply are you willing to cut your lifestyle, and how many hours are you willing to work to where you could do this in one year? Yeah, so. 46,000, what did you say, 41,000, right, 45,000. About 45,000.

Out of 76,000, out of 76,000 means you live on 30. Mm-hmm. Or you live on a little bit more, but you pay off everything in one year. Yeah, I'm working about 40 to 50 hours for my full-time job, salaried position, and then my part-time job, I was pulling an extra 15 to 20 hours a week there at a retail gig. For my mental health, having that much time working, it was a lot much time working why does it hurt your mental health to work um just between the responsibilities not that i don't have the mental health of the

capacity to work i don't want to come across like that you said for my mental health that's a bunch of crap yeah it was just to the point where i was feeling super overwhelmed with the amount of hours i was putting in i wasn't yes because you did not have a you you did not you felt like a rat in a wheel though you were not getting traction if you were seeing this debt drop off at three to four thousand dollars a month and you knew you were going to be done a year you'd be fine working but you were just stuck working yeah i did that yeah that's a. That's a better way of putting it. I felt really stuck. I felt like I was getting all this extra money, and then I was trying to allocate all the time really hard. If you got great traction, it's not that harsh. It's not what

you want to do the rest of your life, but I want you to be done in a year. In that case, $1,000 as an emergency fund is not as scary because you're going to be done in a year oh wait a minute wait a minute wait a minute wait a minute you have almost six thousand dollars now right yeah i've got about sixty six hundred dollars in my savings account oh so we're gonna put six thousand on the 45 now we've only got 39 to do in a year. Mm-hmm. Wow. So I guess to get further clarification, so the $1,000, like I said, does give me a little bit of anxiety because I just think, for example, I want you to have a little bit of anxiety.

What's giving you anxiety is $45,000 in debt hanging over you, feeling stuck. When you are knocking off $3,000 to $4,000, you're not going to have anxiety. You'll be knocking it out. And then you're going to be done. You're going to be 28 years old and not have a payment in the world. Can you breathe that in? I know. Wow.

And so what is your recommendation? Because I think. That is my recommendation, darling. Well, I had to replace two tires on my car. So I think if I'd have only had $1,000 in my. That's enough to replace two tires. And then you replenish it. you'd pause the debt snowball let's say that you have another two tires go out pause the debt snowball your next paycheck's going to cover the tire you already

have a thousand in the emergency fund and you move on you just pick up where you left off get the thousand bucks back instead of three thousand or four thousand going on your debt this month only two thousand does because you're going to buy some tires. Okay, that makes more sense. You've got two new tires now, so that problem's out of your way. There'll be something else, though. There'll be something else break. Right, yeah.

And you're going to be working all the time. Well, you won't have time to spend money. Right. And don't worry, just before before you die you'll pass out i'm kidding with you kiddo but listen if you the trick is this we have figured out that the more intense people are the math almost quits working you get out so fast because you create this emotional spiritual momentum that goes with the math momentum and it becomes all-encompassing i mean you become like like you joined a cult or something for a short period of time right you don't think about anything else for a short period of time and then you're going to be 28

years old and not have a payment in the world and you've been playing footsie with this stuff for almost a decade it's been hanging around like a problem talk about anxiety inducing yeah and i i am wanting to get all of this taken care of you know my boyfriend and i are both individually trying to take care of our debt before we decide to take that next step of getting married and starting a family and things like that. You don't have to wait to get out of debt to be married. You both have to be in agreement that we're going to get out of debt.

That's all. Yeah, that is true. That is true. I'm ready to get it knocked out, though. Do it. Do it. Do it. Dakota.

Dakota. Dakota. Dakota. I dare you to take $5,600 and attack some debt today. You're going to get a little pep in your step. So, hey, Samantha was just on here doing her debt-free scram. She made $70,000 when she started. She paid off $57,000 in 27 months and finished her master's degree.

Cash flow at all kinds of expenses. That was right before you. Just a minute ago. Single. right before you just a minute ago single your age just a minute ago go back and watch her debt free scream just a minute ago so you you can absolutely do this you absolutely so get it dakota dakota dakota we're cheering you on hey we're going to put you in financial peace university and pay for it we're going to put you in Financial Peace University and pay for it. We're going to put you in every dollar premium so you can hook up and run your budget. And I want you to just go crazy for a short period of time so you get your life back. And you do that, Dakota, you will never go back in debt. And you will become wealthy because you will pay attention to money and make it behave the rest of your life.

Money is a fabulous slave. It is a horrible master. And it has been owning your butt for a decade. It's time you got on top of it, and you own it. Dakota, Dakota, Dakota. She could do it, George. She could do it. Yeah, I just keep thinking about this mental health crisis in America, and I think it has more to do with debt than a thousand-dollar emergency fund. We're feeling out of control when when when you're doing stupid stuff or you're or you don't have a sense of destiny everything is anxiety inducing i mean stupid should induce anxiety they have a direct connection you should have anxiety if

you're doing stupid stuff shouldn't you that's your body telling you this is not smart that's yeah that's like you're not okay really should be anxiety-inducing. She's not doing stupid, but I'm just saying, but I'm just in general, you know, and working and not knowing where you're going, like she was talking about, that does do that. But hard work does not cause mental health problems. Never has.

As a matter of fact, it solves a lot of them. Actually, talk to Dr. John Deloney. I was talking with him on the air the other day about this. One of the things that they tell people that are struggling with depression is get outside vitamin D and engage in physical activity and get engaged in something where you're seeing traction. All of those sound like work to me. So, yeah, work your butt off.

Go crazy for a short period of time. And, you know, work is not anxiety-inducing, ever. Well, it is if you're working for a toxic jerk. I take that back. But, yeah, but I guess, but I mean, just the essence of work itself is not anxiety-inducing. So, very cool. Dakota, Dakota, Dakota.

Hold on. Austin's going to pick up. We're going to get you signed up for everything. We're going to give it to you because we believe in you. Woo! We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace.

Christ Jesus. We'll see you next time.