The Ramsey Show - App - Can I Celebrate Small Wins While Paying Off Debt?

Episode Date: April 13, 2022

Dave Ramsey & George Kamel discuss: The FTC suing Turbo Tax for deceptive marketing tactics, How to celebrate small wins while still paying off debt, Buying a house during retirement. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the 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. George Campbell, Ramsey Personality, is my co-host today as we answer your questions about your life and your money it's a free call at triple eight eight two five five two two five that's triple eight eight two five five two two five george is the host of one of the ramsey networks productions called a podcast called fine print and one of the very first episodes in the first season of Fine Print George pretty much exposed TurboTax as lying when they said that

they were letting you file your taxes for free. George it appears you have stirred up a problem. I was a fortune teller a prophet. No I a prophet. No, I think you stirred up something. I think someone at the Federal Trade Commission was listening to you. That's right. The Federal Trade Commission clearly is a big fan of the fine print, and here's proof. Here's a headline. The FTC sues TurboTax to stop misleading ads for free tax prep software. Wow.

The Federal Trade Commission said Tuesdayuesday that into its ubiquitous advertising claiming its turbo tax prep software is free to use is misleading kind of what george said and has asked a federal court to order into it to stop disseminating the deceptive claim that consumers can file their taxes for free using TurboTax. According to the commission, the ads, some of which have consisted almost entirely of the word free, spoken repeatedly, mislead people into believing they can file their taxes for free with TurboTax. In fact, most tax filers can't use the company's free service because it's not available to millions of taxpayers, such as those who get a 1099 for work in the gig economy or who

earn farm income the agency said in a press release the ftc said in 2020 approximately two-thirds of tax filers could not use turbo texas free product thus it's not free that i added that last part yeah how this how this works right yep and uh know, back when we did this fine print episode, this was back in March 2021. And we sat down, me and you, Dave, and we went through their Investor Day report. And it was their entire strategy about how they're going to turn their billion-dollar company into a bajillion-dollar company by becoming one of the biggest lenders out there. They're trying to sell you on debt. And so they lure you in with this promise of free. They end up charging you because you needed one extra form, and all of a sudden you're three hours in, and they go, well, that'll be $60 that you thought was free.

And then later down the road, they use all of your data points to then sell you debt through all of their partners and providers down the line. So all in all, not a great company. Turns out Intuit's TurboTax is, even when it's free, is basically a lead magnet for debt products. They're gathering your data to sell you debt, and that's what they're doing. They're using it to collect that. In other words, you're being manipulated in addition to being misled. You are the product. That's what it comes down to.

So if you needed more ammo here, you can go listen to the whole Fine Print episode. It's a short one. It's about 20 minutes long or so. And me and Dave, we unpacked their strategy. We talked to some experts. We hear some stories about people who used TurboTax and got screwed. And the episode's called How TurboTax is Screwing You. So I feel like that was pretty apt.

I think you – I really do think somebody at the ftc was listening to you i hope they're fans um i mean i don't want anything with it with the you know the acronym coming after us the irs the ftc these are scary people i don't want them on my bad side the dea the dea why are they all three letters where is this coming from the fbi the atf oh we don't need any of these people keep going yes run three letter cia we don't want the cia no it keeps going wow three little three letter federal acronyms not good no and yeah turbo tax has been hammered the last few years pro publica did a huge piece on them uh about misleading this even uh you know hasaminaj patriot acted a whole episode

about how turbo tax is hurting people through this exact thing so i'm glad someone's finally going after them more importantly george camel did it on the fine print that's right i'm just saying that's the one america remembers into it said in a statement that it will vigorously challenge the ftc's complaint claiming arguments are not credible i think millions of americans would disagree with that. I think it's easy to say they're credible. It's kind of incredible, actually. Which, part of that, we released Ramsey Smart Tax, which we partnered with TaxSlayer, because we didn't want people to have to deal with all these hidden fees when they're knee-deep

in their taxes, and they go, oh, gosh. If you're a part of Ramsey Plus, it is free. Yeah. Period. End of story. You can guarantee we're not going to try to sell Ramsey Plus, it is free. Yeah. Period. End of story. You can guarantee we're not going to try to sell you on debt. This is pretty much sure. We're pretty much sure that's not going to happen.

So we're not really gathering data points on you to sell you debt. Nope. You're not going to get the Ramsey credit card offer. This is not coming to you. Sorry. Yeah. You have to get your cash back points and airline miles elsewhere. Wow.

So the Federal Trade Commission has filed suit on Intuit. Now, Intuit is not a little company. No, they're huge. It's a massive company. It started with Quicken. And then they got Mint. That was a huge one. Yeah, they got Mint.

They bought Mint. And Mint's not doing so well either. Yeah. It's kind of struggling along. Well, it's a similar strategy. Yeah. It's just become a debt company. Exactly.

That's how they make their money now. You get free budgeting, but you're going to get a lot of opportunities to screw up your budget. Like every time you open your debt. That is ironic. They're helping you do a budget by selling you on lots of debt. Yep. That works. Yep.

And it's all back to this one home company. I think they still own Rocket Mortgage, don't they? Yeah, that sounds right. So I think they're selling you to move your... They're buying up all the lending companies to have under their umbrella now. Hmm. Things that make you say, hmm. Federal Trade Commission said Tuesday that Intuit's ubiquitous.

Love that. Advertising claiming its TurboTax prep software is free to use is misleading and has asked a federal court to order Intuit to stop disseminating the deceptive claim that consumers can file their taxes for free using TurboTax. Now, this is actually very interesting news for some of you that have never heard anything about this because you've procrastinated and put off filing your taxes and procrastinated and put off filing your taxes. As a matter of fact, the IRS is putting out information right now into the media, including us, that says that more people are going to file at the last minute this year than at any time in the history of the United States. There's going to be a tidal wave of late and on the money at the last minute filers.

So if you're one of those and you're a TurboTax guy, you may want to think about changing. Yeah. Jump over to Ramsey Plus. You can join that. And if you're a member of Ramsey Plus, Ramsey Smart Tax is completely free. If not, Ramsey Smart Tax is an online filing service. It's very inexpensive and there's not a bunch of hidden charges. And we're not going to tell you it's free because it's not unless you're a member of Ramsey Plus.

So there you go. And John Deloney did his taxes using SmartTax. So if John Deloney can do his taxes, you can too. You got this, America. Really? That's impressive. I know. I'm impressed too.

That's pretty cool. Pretty fantastic. Get your taxes done, guys. Get it done early. You know? Don't procrastinate. It's too late to be early. Yeah.

You got, what, four hours left? Yeah. You need to get this done. early you know well yeah don't procrastinate it's already it's too late to be early yeah you got what four hours yeah you need to get this done like now this is the ramsey show most people know me as the guy who did stupid with a lot of zeros on the end i made my first million dollars in my 20s the wrong way and then went bankrupt. That's when I set out to learn God's ways of managing money and developed the Ramsey baby steps. By following these steps, I became a millionaire again, and this time the right way. After three decades of guiding millions of others through the plan, the evidence is undeniable. If you follow the Baby Steps, you will become a millionaire and get to live and give like no one else. My new book,

Baby Steps Millionaires, is now available for purchase. When you order my new book, you'll learn how ordinary people built extraordinary wealth and how you can do it too. I'll walk you through how to invest, build wealth, and bust through the barriers preventing you from becoming a millionaire. Baby, step your way to becoming a millionaire. Get your copy today at RamseySolutions.com. That's Ramsey Smart Tax. We should have woven this mention into our little rant.

That would have been a little more precipitous, but we'll go ahead and do it anyway. So there we go. Tax season is ending. Don't put up with the garbage of the TurboTax people. We just talked to you about that. Ramsey Smart Tax is easy to use. You'll get every federal form you need. No hidden fees.

Right now, use the promo code TAX22, and and you'll get 25 off filing your federal return that means you get our federal classic software for free and you can get our premium software with priority support and a financial coaching session all for just 20 bucks with the promo code tax 22 and that's for everyone. So check it out, guys. Ready to file your taxes with confidence? Go to ramseysolutions.com slash smarttax, ramseysolutions.com slash smarttax. Tyler is with us in Des Moines, Iowa.

Hi, Tyler. Welcome to the Ramsey Show. Thanks, Dave. Thank you for taking my call. Sure. What's up? Okay. So I am in Baby Step 2 currently. I've paid off about $15,000 of my $32,000 in the last six months or so.

And I've got a milestone coming up. My girlfriend and I are about to celebrate our one-year anniversary. And I know you say that I'm not allowed to step foot in a restaurant unless I'm working there, but I am working there. And I also get, like, half off at any of our, like, locations. So I want to take her out to a nice restaurant. It's kind of on the higher end. So I don't know. I guess I'm kind of looking for permission. Do you work at this high-end restaurant, or is this a different one?

It's a different location. I thought it would be a little untactful to bring her to where I work for an anniversary dinner. So what would this cost you, this first anniversary date? I'm thinking probably somewhere in the $100 range. Okay. And I set some money aside. I call it my offshore fund, just personal money that I get to use throughout the month. So how much blow money do you currently have in your budget in baby step two?

What is your kind of entertainment fund money look like right now? Um, I give myself $40 a month, um, to kind of use whatever. Um, and I, I don't, I have like 17 bucks in that envelope left. So I'm going to be dipping somewhere else. Um, and I, I do have a payday in between now and then so I'd be able to kind of allocate some different funds here and there um but I I know that uh this relationship is going to uh last the distance so I kind of I don't want to you know splurge everything all up front but I also do want to kind of celebrate those milestones as they come,

and this is kind of a big one for us. Well, what's stopping you from getting a nice steak and just cooking at home? You there? Tyler was not excited about that option. Yeah, that's... Well, I'm just wondering, you know, if you get two nice steaks for $40 and you cook at home, you get some candles, you know, make it a little

more romantic, I think that could be a great option. That is not a bad option at all. We do most of our cooking at home as it is, so I guess, you know, just setting the mood different, kind of change things up. I see where you're coming from there. I'll let the man who's been married for a bazillion years speak into this i think you know it's would sharon be upset

if you cooked a steak at home dave sharon would be shocked if i cooked anything there's the truth okay so anyway uh so what do you make? What's your income? I make around $40,000 a year. And how much debt have you got? I have $18,000 left. And how old are you? 35.

Okay. All right. The decision itself is not going to break you one way or the other, obviously. Okay? When you're 60, you're not going to go, oh, that $100, it screwed up everything. All right? But what you're wrestling with, you don't need our permission. You're a grown man. You get to decide what you're going to do.

But the beauty of what you're dealing with is that you are at least wrestling with it and if you will keep that hobby of wrestling with decisions rather than just automatically doing them uh in your life you'll make much wiser decisions as you go along there's a proverb that says he who is impulsive exalts folly, and you're not being impulsive. And by the way, folly is the verb of a fool in action. He is impulsive as a fool in action, and you're not impulsive because you're wrestling with this,

and you're actually, you know, talking it through with us, and you're bouncing it around. And so the beauty of the conversation is that you're having the conversation and so you're going to make good wise decisions as long as you keep that habit or that process that decision making process front and center so having done all of that if you decide to go out to eat we're not going to be mad at you what we're trying to get you to do is to constantly be thinking about and wrestling with every one of these things and keeping debt reduction at right in front of your nose so that you get it done and so that you can be free so

that you can go out to eat anytime you want so that you can be wealthy so that you can be outrageously generous and so so that 15 years from now you're a baby steps millionaire, and all of that, right? And that's what we're looking at. So I'm not going to tell you what to do, and it's not my place to give you, a grown man, permission to decide to do this. But I'm going to encourage you and say the fact that you're wrestling with this is a really good sign for you.

And if you wrestle with it and you decide to do two steaks at home, not a bad decision. If you wrestle with it, the fact that you wrestled with it is probably going to make going to the restaurant okay. But I'm not telling you to do it. I'm not going to tell you not to do it. You get to decide that. It's pretty important, George, because I'm often asked when I'm doing these interviews and you are too with the media what's the biggest mistake people make with money remember that interview question and my answer always is they don't pay attention and he's paying attention yeah he's doing the cash envelope system he's methodical strategic and so if i'm in

his shoes i may go if this isn't going to slow down my debt snowball maybe i go make this money extra so that doesn't affect my plan yeah then i do without remorse yeah but but but you know be concerned when you step over a line and that's what he is he's concerned yeah it's because it's gonna it's gonna set me i'm i'm know, I don't want to not do the right thing. And so the wrestling is where the gold is. That's the wisdom. That's where the wisdom comes from. Discernment. It's not the actual answer that matters as much as the wrestling. It's not the $50 amount that's the difference maker here.

Yeah, because that's the difference in the stakes at home and the going out to eat. Sadie is with us. Sadie's in Atlanta, Georgia. Hi, Sadie. Welcome to the Ramsey Show. Hi, sir. How are you? Better than I deserve.

How can we help? Right quick. Well, I graduated college last year. I'm 22 years old. We paid, or I paid the whole thing in cash so i actually have no credit history whatsoever but i'd like to move out hopefully by next year um i'm not sure exactly where i want to settle so an apartment would be nice to get but my older brother has been trying to apply for apartments near my area here and i'm actually closer to noon in georgia and no bites he has no credit history either he's not getting anything does he have

income what you know what that's sadie that's absolutely not true your older brother's not telling you the truth okay because we sat here we had one of our ramsey personalities sit here and dial people all over the united states and dial apartments and ask them if they needed a credit score with a good down payment and a solid, or with a reasonable deposit and a solid job, and only about one in five required a credit score and would not rent to you. And I did this on the fine print, Sadie. Yeah. The Dirty Truth Behind Your Credit Score, Episode 7. Go listen to that with your brother, and we'll prove you wrong. He just hasn't tried hard enough, hasn't done his research.

Yeah, that's completely false. Listen to the fine print episode. This is The Ramsey Show. We'll be right back. George Campbell Ramsey personality is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Ronald and Denise are with us. Hey guys, how are you? We're great. Great. Honored to have you. Where do you guys live? Richmond, Virginia.

Fun. Welcome to Nashville. And all the way here to do a debt-free scream? All the way here to do a debt-free scream on our 20th anniversary. No better place to be. That's awesome. I love it. So how much did you pay off?

We paid off about $160,000 in about six years. Good for you. And your range of income during that time? Our range started at about $110,000. And after we really got into doing the program and we picked up part-time jobs, it's now $250,000 depending on the income from the part-time jobs. You're killing it. Way to go.

That's a lot of money. What do you all do for a living? I'm a school psychologist. And I'm recently retired. That's a good thing. Congratulations. I like this. Good plan.

So what kind of debt was the $160,000? It was credit cards and our house. You paid off your house. Woo! Look at it, weird people. Just in time for retirement. No debt anywhere. Boom! I debt anywhere boom i love it i love it so what started this journey six years ago you know you have always said that age doesn't matter you said race doesn't matter and you said income doesn't matter and we are here as witnesses that that is absolutely true wow we floundered and squandered

so much money over the years just living and doing what we thought was okay but we went to a fpu class at our church six years ago and it was the nine-week class and when we heard it it resonated with our spirits that man this is it this is the right way to do it wasn't a get rich quick scheme but it was the right way commonsensical but what happened was we weren't gazelle intense we did it we weren't going to give up all of our credit cards because you got to have a credit card and we had come from previous marriages both of us okay and so we were older and uh more independent when we got married so this stuff about joining incomes no we weren't having it not after the last time not after the last time yeah and so

we had a my account his account and then we had a joint account where we would pay the bills. Oh, we thought we were doing it. We had a percentage based on what you made and I made. And that's the bit. But you know what? We were just slowly not really getting anywhere. We were treading water. And then two years ago, we had our first grandchild that made us reevaluate our life and our legacy.

I like these people. Yeah. Already a big fan. Woo! Big Denise fan. You're amazing. We were like, Dave Ramsey told you what to do. He told you three years ago what to do.

But we just kind of did it without the gazelle intensity. And when that baby was born. Game game on tore up all the credit cards all right the independence was gone yeah we got together got our money together felt like we had gotten a raise he had a little problem with that being a man and i'm going to tell you a small version of it um being an older adult i was 65 years old got my old school ways took me a while to say you know give my check to someone that i wasn't used to giving it to, used to going from my hand to my pocket to the stores. I told myself, Ronald, you have to leave your ego and your pride at the front door. Wow. And let your wife take over this.

Dave, you just don't know how much flack I got from my male friends. They said, I can't believe you give me your wife your check. But I said, this was a way to keep not only me and my wife together, but also our legacy. Wow. Amen. It's inspiring. So now we're working together. Now we're working together.

Now we have one account. And game on and the house is paid off. Game on. The house is paid off. We got, that's when we picked up the part-time jobs that ended up being really lucrative and we're here to talk to the older people we see a lot of younger people here but we're here to say you can do it age doesn't matter we are 65 and 67 okay the only thing we could kick ourselves is because we didn't start sooner but you know when you know better you do better hey there you go and we need

to thank you publicly we love you for putting us on this path you're an incredible story i love you guys you're amazing powerful man that's powerful preach it i like in quotes i want to write down right yeah there's a whole bunch of one-liners there's a whole tweetable event this is great like like we do anything on twitter anymore yeah way to go you guys you're saying it's never too late okay what's what's the grandbaby's name rain r-a-y-n-e rain ivy little girl little girl oh oh and now it begins so the the the why is a little different but that's a big old why right there. That little baby is a big old why. You guys, that got you going, and now you're 100% free.

So, Ronald, your old buddies have made fun of you there. Your house is paid for. Yes, sir. Who's laughing now? Yeah. Well, I'm telling you, they will be laughing after I send this link to all my friends. Yeah. How you like me now? Yeah, how you like me now? Well, I'm talking about they will be laughing after I send this link to all my friends. Yes.

How you like me now. Yeah, how you like me now. Dave, I want to also say that I read your Baby Step book, and I've been passing on to a lot of young people to let them know that you can do the same thing I did. Amen. Instead of waiting like I did, I got in my 60s. Y'all can do it while you're in your 30s. I passed the book on you.

So this retirement. I think it takes more courage and more motivation to do it the way you guys did it. Even though you and I agree it's obviously better at 22 than at 62 because the math is better. But it's that old dog new tricks thing, man. People my age, your age, we don don't like change it's harder for us and change requires more courage that's right transformation requires more courage and so i'm i think you're heroes i'm very proud of you you're you're amazing people thank you it's amazing i just they're they're fun i know you're the hero you're a rock star in our world i tell you you need to get a bigger world

you're bono man oh my gosh well we got a copy of baby steps millionaires for you that's the next chapter in your story you will be millionaires tell people what the secret to getting out of debt is it's the mindset once you change your mind it doesn't matter the income. It doesn't matter any of those other things. We happen to have two incomes, but if we didn't, if it was just me, I could do the same thing. It's the mindset and working together when you do have two incomes. Yeah, absolutely. Big deal.

That's a big deal. Okay, we established that some of your buddies were picking at you. Who was your cheerleaders my wife okay yeah we didn't tell a lot of people we tell a lot of people no my wife was the main one they kept selling you know they kept they kept telling me you're doing the right thing you're doing the right thing you're doing the right thing it turns out both of you were right and satellite satellite radio listening to you every day, that was my motivation. Wow. We're honored.

You're telling a lot of people now, aren't you? You guys are fun. Yeah, you just lit up a whole generation. I love it. That's fun. Very well done. All right, Ronald and Denise from Richmond, Virginia. $160,000 paid off.

House and everything. Look at it, weird people. $60,000 paid off. House and everything. Looking at where people did it in six years, making $110,000 to $250,000. Heading into retirement debt-free. Count it down. Let's hear a debt-free scream. Three, two, one. We are debt-free! I don't care who you are.

That's how it works right there, baby. That's why we do this right here. Yeah. For Ronald and Denise. Oh, that's fun. They're heroes, man. That's fun. What a neat couple.

I've got to go back and watch that and write down all the quotables. Oh, man. That's a book right there. She's zipping them off there. Wow. No question. No excuses. Not too late.

Not too late. You can do it. Listen, if you thought you couldn't do it, I think she just told you you could. I think they just told you. You just got told. You just got told. This is the Ramsey Show. We'll be right back. Our scripture of the day, John 16, 33. I have told you these things so that in me you may have peace.

In this world you will have trouble, but take heart. I have overcome the world. C.S. Lewis said, In this world, you will have trouble, but take heart. I have overcome the world. C.S. Lewis said, Hardships often prepare ordinary people for an extraordinary destiny. Often. Often. That's very true.

George Campbell Ramsey Personality is my co-host today. Open phones at 888-825-5225. We're going to be doing a segment on how to do college debt-free, how to pay for college debt-free college. Parents and students will be participating in that. If you are a parent or a student and you have a question about going to college debt-free, then, hey, we need to hear from you. We want to put you in that segment. Go to RamseySolutions.com slash ask.

Put college in the subject line tell kelly a little bit about what you're thinking and i will work you into that show and you can be one of the callers we never tell you what to say we just arrange it so that you can actually get through on these phone lines which is a bit difficult sometimes joanne is in raleigh north carolina hi joanne welcome to the ramsey show Hi, Dave and George. Thank you for taking my call, and God bless you both for everything you do. I appreciate it. Well, thank you. You too. How can we help? Well, my husband's 75. I'm 65. Both retired. We sold our house in Raleigh last September when the market was great. We thought we would be full-time RVers, have been touring the country since then,

and have found that's not the life for us. So we would like to have a home base. So we've already made a deal, contracted for a brand-new house near near Raleigh. And, um, it's about 400,000. We have 180 in a money market account and another, well, it used to be a hundred in an investment, um, account and that's gone down to 94,000, which is kind of sickening us. So we wondered what your advice would be. Should we put all that money towards the $400,000 house? I mean, it was a paid-for house that we sold.

What did it sell for? We've been following $325,000. Okay. And you've still got 280. What's the RV worth? About 25. You're going to sell it? No, we were going to take it up to New York where we have our son and wife and grandchildren and spend the summers in it up there at a campground.

Okay. All right. That sounds fun. Okay. It is. All right. And how much do you have in retirement accounts? Well, I'm retired from New York and North Carolina,

and then with both of our Social Securities, we get about a little over $7,000 a month. Yeah, but do you have retirement nest eggs? No. So you don't have like 401Ks or something like that? No, it was all state retirement. Okay, so you have a good steady income, but this but there's 280 000 between the uh investment and the cash is all you've got yeah okay so i thought you said you were going to pull money out of

retirement to pay for the house how are you doing this no no the investment account we were wondering if we should leave that in there no you should put it all in the house you should put it in the house you have a really big monthly income yeah i know we're black we are very black yeah and i would use that in you make sure you keep an emergency fund back and let's put as much down on the house as we can and then i want you to work to get that house paid off as quick as you can yeah that's because i don't i don't want you listen i don't want you married to an 85 year old man still have a mortgage i know you know we love you we've been following you for 10 years you know actually came and saw you you know in 2013 and um you know you've changed our life already but i think you know we feel like we may have done something a little

stupid here but um just wanted to hear you another option is buy a 280 000 house instead of a 400 000 house well we've already contracted for this new house that's where we started it's looking for it yeah we tried to find a house for that and even bid on a couple here in Raleigh, and it is crazy there. The bidding wars, they're going for one house just went for $60,000 more than the asking price. Yeah, I know. Okay. Well, that's the thing.

I mean, because I am not – I mean, we are not thrilled with the idea of you going into the last years of your retirement in the next two decades with a house payment. So I want you to clear that house payment on that $400,000 as quick as you can. Get that emergency fund, set aside some money for closing costs. The rest is going to be a big old down payment. So you have as little mortgage as possible so that you can attack it as quickly as possible. That would be my goal at your age. You're sitting on $130,000, $140,000 worth of debt, and so how quick do you pay that off with, you know, $8,000 a month income?

So, yeah, you're going to pay it off, but you do need to do it in like three or four years. You don't need to mess around with this because you want to get back to where you were with that paid-for property and then keeping that RV and then moving it up in there and having your summers around the grandkids is a cool idea. But let's have a plan to knock this little mortgage out. It's going to be a little one, and let's get it done, and then start building some investment dollars beyond that, beyond just your monthly income.

I'd love for you to have another half a million dollars in a few years, and you've got the ability to do all that, but you're just going to have to concentrate and focus here. That would be an interesting note because we have a whole lot of people that that's their dream. It's an RV. It comes up a lot. Sell the house and I'm going to RV. Sell the house and I'm going to RV.

We get that from people of all ages. And I'm going to RV around the country. I'm going to RV around the country. And the moral of the story is it's not for everyone and this idea that it's always glamorous um no it's not no it's not it's an rv it's fun and there's an adventure part to it but it does it can wear thin and it obviously did with them and they're you know they're parking the thing yeah and uh so and and it's you know the the false start of it cost them something there so um if we had their situation to do over we'd probably say buy a good used rv and go on the

road before you sell your house and make sure that test run make sure that life is what you want before you on this hot market people are going should i sell my house and just live in an rv because i can get so much for the house right now. No, you shouldn't, because it might not be what you want to do. So you ought to go give it a try, and that's why you try a pair of shoes on, see if they fit. You know, this is a plan. And check it out. Open phones at 888-825-5225. Daniel is in Kansas City.

Daniel, we're a little short on time. Go straight to your question, sir. All right. So I just got married last year, and we're on baby step two right now. And we were able to pay off $68,000 so far. We had a total of $138,000. Daniel, what's your question before we run out of time uh there's two loans that i have uh it's a heloc and a student loan uh he lost 18 000 uh the

student loans are 52 i'm in the military so i'm going to be moving soon just wanted to know which one we should tackle first. What's your income? So I make about $55,000 to $60,000, and then my wife's going to be starting a job as a nurse. She'll be making about $60,000 to $65,000 a year. Okay, and that HELOC's just going to go into debt snowball at that point. So list them all out from smallest to largest, student loans included, and just start attacking the little one with a vengeance with all you got, make minimum payments on the rest, and keep walking that out. And that snowball's going going to pick up snow and we're going to clean up all this debt real fast we're taking some extra jobs if you sell the house

the heloc is going to clear if you make the move you're talking about the heloc is going to clear and and you know you're going to be you're going to be running through the student loan in a heartbeat then so but it sounds like you're working on the student loan first anyway if i heard the numbers right he says he's got 52 total in student loans, so it depends on how they're all split up. Yeah, it depends on how they're broken down. Yeah. That would be it. So thank you for your service, Daniel.

Yeah. We appreciate you, man. That about puts this particular hour of the Ramsey Show in the books. George Camel, good hour. Thank you. You as well. Well done. James, Kelly, team in the booth, well done.

Zach, all of you, good work, good work, good work as always. That does put this hour of the Ramsey Show in the books. We will 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. Do you love a good day, Brandt? Want to see the latest Ramsey Show videos going viral? Check out your favorite moments from the Ramsey Show on YouTube. Go watch and subscribe to the Ramsey Show channel on YouTube.