The Ramsey Show - App - Can I Get Out of Debt as a Single Mom?

Episode Date: June 7, 2022

Dave Ramsey & Ken Coleman discuss: How to get my wife on board with the Ramsey plan, Tackling debt as a single mom, Preparing for a loved one's passing, Dealing with a dramatic drop in income. 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

I'm out. 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. This is the Ramsey Show. We help people build wealth, do work that they love, and have actual amazing relationships. We're glad you're here. Thanks for joining us. Ken Coleman, Ramsey personality, host of the Ken Coleman Show,

number one best-selling author, is my co-host today. Open phones at 888-825-5225. That's 888-825-5225 that's 888-825-5225 mark's with us in springfield hey mark welcome to the ramsey show how you doing dave great man what's up well i've got a question um i kind of did some stupid stuff and uh last year or a little bit over a year ago, I called into one of your other shows that he's no longer with you. So I don't know if I need to, if I could say his name or not.

Um, okay. Well, I call it was Chris Hogan. And, uh, he gave me a Ramsey plus for a year. Good.

Well, then two days later, you guys parted ways and me and my infinite wisdom said, well, this Dave Ramsey's an idiot. I'm not ever going to do anything with him. So I convinced my wife that Dave Ramsey's an idiot. Well, now here I am a year and a half later. Well, she ought to talk to my wife.

I don't think that would help him with what he's now going towards, Dave. Oh, I'm sorry. I got side drugs. I got a side track. I got a side track. Okay. Okay, so anyway, here I am a year and a half later, realized that my infinite wisdom was not really with him at all, and I needed to try and get back on the Dave Ramsey program.

Well, the problem is I've convinced my wife that Dave Ramsey is an idiot. And so now I'm trying to fix that and convince her that I was wrong. And I just, I, I'm not sure that I'm doing a good job of it. Um, she had, we had one bill that I figured if we could pay this off, you know, it would, it would get her to see what was going on, but all it did was get her to say, well, that means that we can invest this money now. And we've still got $84,000 in debt, not including the house. And I know that we need to get that paid off before the investing, but she's worried because she's got a lot of medical issues, and she doesn't know that she's going to be able to live long enough to be able to see retirement if we don't start now. What's the nature of her medical issues? Well, she's got type 1 diabetes. Then she's got a history of cancer. Like every female in her family has died of cancer.

But she has not had cancer. She has not had cancer. Not yet, no. Okay, and how old are you guys? Well, I'm 40, and she's, well, I will be 40 in a couple months, and she's 36. Okay. Well, her thinking she's going to die before she has wealth using our system is asinine okay she's not going to die before she has wealth unless she has a car

wreck not from what you've just described to me anyway so that's her saying i don't believe you that's not a truthful statement that's hyperbole and drama that's just her saying you know you've been wrong so much i don't know which time you were right that's all she's saying that's just her saying you know you've been wrong so much i don't know which time you were right that's all she's saying that's true what's your income mark combined income or sole income uh we have combined income uh our our take-home income is just under a hundred thousand okay so you got plenty of money you just don't have a system how long y'all been married uh well we've been married for just over a year like a year and a half but we've been together for eight and a half years

okay all right well now you're together and now you got to decide what's the next 20 years look like and so the the thing i i would take dave ramsey ken cole Coleman, Chris Hogan out of the equation. I don't think they're relevant to your life in terms of the actual people involved there. We're not relevant. The question is, what's the vision for your all's future? And I think you sit down and you look out there into the future and you say, all right, let's turn off the TV. Let's set everything aside. set all the bills aside. Let's set all the worries about medical aside. And let's say, okay, when we're 65, when we're 70, what do we want our life to look like?

And write those things down. That's called a vision. Okay. And get really detailed, high-def television, HD. Okay? And then the two of you look at that, and let's talk about that long enough. And don't tell her what her vision is. Ask her what her vision is.

And then she needs to ask you. And the two of you talk it through until you go, okay, so out of all the things we wrote down here, the most important thing we're both saying is this. And the next most important thing is this. And you say, okay, we'd like to have a million dollars and we'd like to be traveling the world. We'd like to have no debt. That would be an example, okay, when you're 65. I'd like to have the money to travel and enjoy my life.

I don't know if you want to travel or not. I just made that up, okay? But whatever it is you write down. That's what we want to do. Okay, and then you say, all right. Now, and then my friend Henry Cloud says, that's your desired future. Then you have to ask yourself, what has to be true that is not true today for us to be there then? Well, we've got to shed $84,000 worth of debt.

We have to start saving money. We have to start living in control and quit spending like we're in Congress. Right? Yep. That's what has to be true for you to get to that dream. Now, what is the method we... Next question is,

what is the method we use to get rid of $84,000 in debt, quit spending like we're in Congress, be in agreement on our spending, and be investing steadily so that we have a million dollars, we can travel the world, and we're 65. And we have no debt. What is the easiest method to do that? What's the most proven method to do that?

Oh, there's a thing called Financial Peace University. We could go through that and watch that together and see after we watch it if we think that that is the best way for us to get to our desired future 10 million people have gone through the class okay 10 million people have gone through the glass if it was screwing people if we were ripping people off somewhere around a million someone would have said this is a ripoff we get no complaints about it being ripoff the only complaints we get is is the stuff we tell people to do is hard

but it works every time you work it to the extent you work it so first you decide where it is you want to go then you decide how i want to get there and then you decide who can guide me the quickest to get on my journey and i'm convinced that the ramsay organization as a whole not me personally but financial peace university the steps we teach is the fastest right way to become wealthy and i'll give you another year of Ramsey Plus, of Financial Peace University, for you guys to sit down and watch that together. But you can't just do that on the basis of Dave Ramsey's a good guy

or Dave Ramsey's not a bad guy. Or Dave Ramsey's a bad guy, Dave Ramsey's a good guy. Or I don't like Chris Hogan left. That doesn't decide your future. That decides Dave Ramsey's future, Chris Hogan's future, Ken Coleman's future. But your future is decided by what you do. So you've got to decide what you're going to do. And if I've lost credibility in your household because Hogan left, then so be it.

It's okay. Find you a way, though, dude. Find you a proven path to get there. Because it isn't going to happen unless you guys do it and you do it together. Life has thrown a lot at us these past few years, hasn't it? You've weathered so much and you're still standing. But it's taken a toll on many areas of our lives. Well, there's hope.

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to live the life you've always imagined. Join us on October 22nd in Dallas for what will be the best Smart Conference ever. You don't want to miss this life-changing day, and check it out now so you don't miss out on our early bird pricing. Go to ramseysolutions.com slash events to learn more. Again, that's ramse is my co-host today. A lot of people would rather spend their weekend doing yard work than talk about insurance, have a root canal, than talk about insurance. There's a lot of bad things we would do but talk about insurance. Have a root canal, then talk about insurance. There's a lot of bad things we would do but talk about insurance.

But here's the deal. If you don't take the time to learn about insurance, you're going to get ripped off and you're always going to feel like you're getting ripped off because you're really getting ripped off. Around here, we think learning about money should be simple or even fun. Our new free five-day guide to insurance called Confidence in Your Coverage makes learning about insurance quick and practical, and you might even laugh out loud a time or two. It is, after all, Ramsey personality George Camel, which is always good for a laugh.

To top it off, we're doing a giveaway for the folks who sign up at the end of the series. You'll still have the hard work, but at least you'll know your stuff when it comes to insurance. Go to ramseysolutions.com slash confidence. Get signed up for the free five-day guide to insurance. Go to RamseySolutions.com slash confidence. Get signed up for the free five-day guide to insurance confidence in your coverage. RamseySolutions.com slash confidence. Jasmine's with us in Washington, D.C. Hi, Jasmine. Welcome to the Ramsey Show. Hi, thank you so much for taking my call. How are you all? Better than we deserve. What's up? So I am a single mother. I'm on baby step two, but also trying to stay for a house.

Unfortunately, I have about $30,000 in debt between one credit card and two loans. I had done step one, the $1,000 fund, but then I sold a vehicle and now I have an extra $11,000. And I just need some guidance in terms of where to put that. I'm going to be putting my daughter in daycare soon. So that's a monthly expense that's kind of been thinking I might need to save up for as well. You can't save up for a monthly expense. You've got to be able to cover it with your income. What's your income? True.

So about $3,400 a month net, I'm getting a second job to help supplement for that very reason you just said. But in the meantime, I've just been dipping into it, and I don't want to dip into it for that very reason. Who said. But in the meantime, I've just been dipping into it, and I don't want to dip into it for that very reason. Who's watching your daughter now? My parents, but once she's a year, she's going to daycare. I'm sorry, when? When she's a year old, she'll be going to daycare.

I see. Okay, so they kept her as an infant, and now that she's eligible for daycare. I see. For your daycare. Yes. Okay. All right. So you're making $50,000 a year, give or take, plus your side hustle.

Okay. And you've got $30,000 in debt. Do you have anything saved for the house yet? No, because I was dipping into it to try and pay for it. So you don't have anything right now? You don't have a house fund today? No, just what I sold for the car. Right, right, okay.

And the $30,000 in debt is what? What kind of debt? So $4,500 is on the credit card, and then there's a small $5,000 loan, but then the bigger loan is the $20,000 loan. On what? The $20,000 loan, another car loan? No, no, no. These were loans I got previously to pay off older cards from before.

So I've just been paying them off for the past couple years. So you figured out this borrowing your way out of debt thing doesn't work? Exactly. Yeah. Have you cut up the credit card? Yes, I don't use it. No, I didn't ask that. I said, did you cut it up?

Yeah, I put it in a shredder. Like scissors, like destroyed it. Oh. I just used the shredder to put it in there. Oh, you put it in the shredder. Okay. That'll work. That works good.

Okay. I'm just making sure the thing's gone because it keeps biting you, and I don't want this snake in your house. Right. Okay. Even when you're asleep, it bites you. You got to be careful. Okay.

So you get child support no why there's no income from the other side um that's a whole other issue i don't know why they're not employed but that's a i believe i would ask the judge to help me get some child support out of the gentleman so he can learn to work again. It would be good for him. And taking care of his own child would be like a manly thing to do and stuff. So, yeah, we ought to do that. Now, let's move on, though.

Okay, you're not buying a house yet. So just houses off the table. We don't need to worry about saving up for a house. We need to worry about getting out of debt you got eleven thousand dollars i want you to take that down to one thousand dollars that means you have ten thousand dollars and i want you to pay off some of these debts your smallest debt to your largest debt and then i want you to get on a written detailed game plan and i want you to put every dollar you can squeeze out of your life you are not allowed to go out to eat you're not allowed to go even go into a restaurant unless you work there okay you're not allowed to go on vacation you're broke and you have a little tiny baby and you're scared right it is scary i know you're a warrior princess i'm proud of you

but you're you got you got a hill to climb here girl you can do this and i'll help you i'm i'm i'm i'm the biggest cheerleader i love you i think you're awesome but you're going to be on scorched earth where your broke friends think you're crazy your mother thinks you need counseling because all you do is work and pay bills and because you are on a mission to get out of debt. Your freaking hair is on fire. Right. Can you hear the roar in my voice? I am loving it. I'm trying to install it into your throat.

Okay? I want you to have that same kind of, ah, I'm done. Right? And so I ain't living like this. I'm about to break this. I'm about to change my whole family tree right now. This kid of mine is going to have life different because of the decisions i make in the next 12 months boom exactly yeah you'll work like a maniac for a short period of time and you clear up all this debt now you don't have any payments and you have a written budget where you're living on less than

you make you got a whole new life right there and then we can save up a good emergency fund of three to six months of expenses, and then we can talk about saving up for a house. That's three years from today. That's doable. It's very doable. Because you're going to be three years older anyway. You might as well be winning.

Of course. So you're saying just throw what I have at the credit card and the small loan, and then I'll just chip away at that big one? Yes. Yeah, but let's get practical, Jaz, because Dave just gave a great, great motivational speech. But do you see how quickly you can pay off $20,000 if that's the only one left with that additional income that you're making? And then anything else you do, do you see if you put just a thousand dollars a month towards that twenty thousand that's twenty months max

that's if you just put a thousand you need to put two thousand but you can do more than that i want you to put two thousand towards it because you're going to get a thousand out of your existing budget you're going to make an extra thousand we're putting that whole two thousand towards this and you're done in ten months now how, how does that feel, Jasmine? That's going to feel great. This time next year, you got $8,000 in the bank and no payments. That would be fantastic. That's where I want you to be. That's the goal.

And I want you to sit down and write all of that out. Now, if I give you the free class to go to Financial Peace University, will you do the class if I give it to you free? Absolutely. Okay. university will you do the class if i give it to you free absolutely okay now when you are rich and victorious single mom someday i want you to find one that's got a brand new baby you're scared out of her bones and you and you buy it for and pay for it then okay absolutely you're gonna pay it forward later okay yes all right you hang on we'll take care of you, honey. You call me anytime, and we'll help you with this.

You can do this. You can do this. But this is the day when you start happening to this life instead of this life start happening to you. Because you get the snot beat out of you in those situations, and you just start to want to curl up in the corner and say, don't kick me again, life. I want to highlight, Dave, I'm glad you said this. You said get after that judge, and she needs to. She shouldn't feel guilty or obnoxious. If there is a legal order here on what this deadbeat is doing or should be doing,

I'd like that advice. Go after the judge. Make that judge so put out with whatever she's doing that he goes after this guy with everything he's got because that is not right. I'm glad you brought that up. Well, I mean, yeah. We have a manhood crisis.

Big time. The wussification of America is real. There's a crisis of manhood in America. It's unconscionable this guy's not working in today's world and economy. And you have a brand new baby. It's your freaking job. You get $15 an hour working at night in Walmart. It's your only reason for being on the planet right now, Bubba.

I mean, you made a baby. You take care of the baby. This is how life works. Man up, wuss. This is The Ramsey Show. Ken Coleman, Ramsey Personality, Open Phones, is my co-host. Open Phones here at 888-825-5225. Charles is with us in Bowling Green, Kentucky. Hey, Charles, how are you?

Better than what the world says I should be. I hear you. How can I help? I am seeking wise counsel. My mother has cancer, and we've already prayed about this and we have to, you know, we've determined it's her time. So the problem is all her debt. So, uh, just trying to get some idea how to honor her, you know, you know, from, you know,

my dad and I can properly honor her. I'm so from you know so my dad and i can you know properly honor her i'm so sorry how old is she uh she's 69 okay and your dad and her are still married yes okay and how much debt does she have hon uh so there's 2020,000 to $25,000 on the car, $4,000 to $5,000 on medical debt. We're still getting some of the bills on that. And then she has a $10,200 judgment from credit card debt. Okay. Do they own a home? Yes.

Okay. What's it worth? Considering the shape it's in, probably closer to $130. What do they owe on it? Zero. So they own the home. Okay. Do they have any money? About $4,000. Your dad does? Yeah.

Okay. Does she have any life insurance? No. Okay. And what is the prognosis, since you all have decided that treatment is stopping? She's got a month or a year, or what are you thinking? That's the big unknown.'s it's acute leukemia so it's pretty much whenever she runs out enough blood to keep her alive yeah but what's the doc saying

they they couldn't give us an estimate on that i mean it it could have been it's pretty much a range of weeks to a year okay okay i'm so sorry i'm sorry y'all are going through this okay rule number one is uh we don't worry about the money part we worry about mom first okay and your dad just Just love them. The time that she's got here, you're pleasant. You're not stressed. She's not stressed. You're just going to hang. Been doing that. The thing about this stuff is you can get down into the business aspects and the math aspects of the adult work that has to be done here

and lose the enjoyment of the little time you've got left with her. And I don't want you to do that, okay? That's not an issue. I mean, there are times that I just spend a couple hours in the hospital and I'm with her. Okay. Now, it helps me, if I'm in these situations, to know the technical aspects because it helps me lower my anxiety or my stress level about something because you're usually more stressed about things you don't understand than things you do understand,

even if there's bad news in the things you do understand. Agreed? Yeah. So here's how this works mathematically. So I'm going to get technical and cold all of a sudden with you. Are you ready? Yep. When someone passes away, what they own,

their assets, has to stand good for what they owe. If they own nothing, the debt does not transfer to their children. Now, in your case, your mom owns half of a house that's worth $130,000. Your mom... Everything else is in her name only.

It doesn't matter. A house... It doesn't matter. Her house has to stand good for her debt. So if your dad wants to keep this house, he's going to pay her debt. Okay? If they lived in an apartment and they owned nothing, then he would not have to pay a dime of this because it's all in her name,

and it does not even go across marriage lines, individuals or individuals in this situation. Okay? But because she owns a house, she owns a portion of a house that's worth $130,000, if he wants to keep his portion of that house, he's going to have to pay these debts. So what are we going to do? We're going to sell the car. We're going to call the medical people up, and we're going to call the credit card people up and go, she died. Here's a death certificate.

And you send them a copy of the death certificate, and you say, we're willing to pay something on this, but she died. And her estate consists of an old house that's not worth much, and we're willing to settle this. And you go in and you settle this $15,000 worth of debt for $5,000 or $6,000, and you, your brothers or sisters are probably going to have to help your dad scrape that together to do that. And then he's going to, when you write those checks and you settle those debts, he's going to have a free and clear $130,000 house and no debt.

Go ahead and sell the car today. Yeah, it's right now, yeah. Just doing it on Carvana, it's like $17,000. Private sale is somewhere in the range of $19,000 to $26,000 on the high end. So you can sell it for $20,000.

You told me it's worth, you told me 20's owed on it. So you need to get the car sold. You get the car sold now. She doesn't need the car. And then you're sitting there on the other debt, and you just let it sit there, and you don't do a thing with it until she graduates to heaven. And after she graduates, then you go and you do these business transactions and you settle these debts for 25 to 50 cents on the dollar with cash.

And that clears your dad out. I've already been talking to the hospital and getting them to negotiate and reduce that debt already. Good. You're on track. This is exactly what you do. But you don't get to walk away from it because we need to protect the house for your dad, okay? Yeah.

If there was no house and she owned nothing, we would just call up the credit card company and send them a death certificate and say, she passed, she has no assets, you get nothing. You send them a letter. It'd be that simple, okay? But in this case, to protect dad's house, we've got to go through and settle these things. Okay, so my first priority is vehicle, get rid of it, then we can start on medical, and then that judgment.

And I'm not worried about those credit cards. They can just sit because they're not going to do anything. They're just going to sit there, they're going to squawk. But other than yelling, flopping the floor, they're not going to do anything. They're just going to sit there and squawk. But other than yelling and flopping the floor, they're not going to do anything. Just sit on them and let them get old and let them get nastier, and then you can deal with them next year, two years from now, whenever you want to deal with them, so they don't come over and put a lien on your dad's house.

We eventually want to take care of them, right? Yes. Is your dad working? No, he's unable to work okay he's had a couple strokes and injuries okay and do you have brothers sisters no i'm it's we're all single children okay what do you make i make 52 i've i've already started the $225 a month that I normally put away into my savings. I've already started diverting that to help them. Okay. But, you know, for me, all I have is, you know, my only debt's the house,

and I've already got 12-month savings and all that. Well, I mean, if you took a little bit of your savings and settled this debt, that would be fine. Because you're going to inherit this other house someday anyway. Right? Eventually, I'm probably going to sell it because I don't know. I didn't say that. But you're going to get $130,000 if your dad passed away today.

So if you put $5,000 in this deal to help your dad, it's not like you lost it. You're protecting your future asset. Again, i'm being very cold and calculated here and i'm taking all the feelings out of this because we understand that there's more important things than all this junk we covered that in the first part of our conversation but um yeah i'm sorry you guys are facing this charles it's so hard to go through and um that's a a nasty disease right there man it's slow it's harsh i'm sorry this is the ramsey show Thank you. Thanks for joining us, America. Ken Coleman, Ramsey Personality, is my co-host today. Crystal's in Cleveland, Ohio.

Hi, Crystal. How are you? Hi, Dave. Good. How are you? Better than we deserve. What's up? So my husband and I, last year, we were making nearly six figures, blowing through our debt, doing great. And my two-year-old, well, he was one at the time, a one-year-old son unexpectedly started having seizures. So it was a long process. We're still struggling.

We have lots of doctor's appointments all the time. But he made the decision. He's doing better, much better. Did they diagnose it? He's calming down. They diagnosed it. He has something called gray matter heterotopia. They found a spot in his brain that shouldn't be there, basically.

So it's been emotional. Yeah, I guess. We made the decision for just my own emotional state. I was a school teacher, and we made the decision for me to stay home. That's understandable. Yeah, we basically cut our income in half, that our expenses were the same. So we blew through our emergency fund, and pretty much all of the debt that we had paid off accrued again. So we're looking at where Gazelle's mindset, but we don't know what our next step should be.

So we have a few... Wait a minute, stop. Have you adjusted your lifestyle now to be within his income, or are you still going in the hole? We've adjusted all the extra stuff out, but just our mortgage... So you have to sell your house in order to stay home and be with your child? Yes. When's it going up for sale? My husband...

Should have gone up for sale the first day you came home from school. Absolutely. My husband doesn't want to sell. I don't care. I don't care what your husband wants. You guys already made this choice. You made the right choice. We're going to stay home with the baby.

The baby's sick. My heart is breaking, and I have tears running down my face, and I'm going to stay home with my baby. My baby sick my heart is breaking and i have tears running down my face and i'm going to stay home with my baby my baby is sick we cut our income in half you can't ignore the fact that you have to also cut your expenses in half simultaneously and you didn't do that right the first part you did was heroic the second part you did was stupid sell your house okay for your child for your child sell your house. Okay. For your child. For your child. Sell your house.

You can't afford your house on your husband's income. Am I right? Yes. Okay. All right. The house is a, it is collateral damage to the situation with your child. And what you're declaring when you do this is that you spending time

and being there for this sick baby is more important than the stupid house. Exactly. Because you cannot live in a fantasy mathematically. You don't get a pass on math because you're a hero for a sick baby you should be a hero for a sick baby you're an amazing woman he's an amazing guy you got a hard tough situation i'm sorry you're facing this but do not make it worse Well, my concern is right now our debt to income, even if we sold our home, I guess to purchase another home, I mean, we would have a decent amount of equity. What is your house payment?

Our house payment is a little over $1,100. And what is his take-home pay? His base take-home a month is only $1,800, but he makes commission on top of that, and it varies greatly. What does he make a month? Right now, his take-home is $1,800. He's not making anything above the $1,800 a month? Right now, he is. Last month, let me see.

Last month, he brought home $3,000. You cannot have an $1,100 house payment with $3,000 income money. Right. Doesn't work. Doesn't work. Doesn't work. Something has to change. And here's the thing. Something's going to change.

You're either going to change it or somebody's going to change it for you, called a foreclosure and a bankruptcy. Because you're driving a car straight at the wall mathematically aren't you yeah you you you're in denial about the fact that the math sucks with the fact that the baby being sick is sucks yes and the math causes the math to suck and you can't you've got to face the whole thing it's your best way through this your best way to win long term is to face the whole thing and what's going to happen i can tell you i'm i'll just be a prophet are you ready five years from today this is the five years from today

the seizures will be gone. He's going to be a normal little boy running around like crazy, and you're going to be back teaching, and this is all going to be in your rearview mirror. But it's going to be in your rearview mirror faster if you deal with the present full reality today. Okay. Crystal, you said earlier that the reason you came home from the classroom was for your emotional well-being.

And yet, all of this debt is causing just as much emotional stress. So you've got to implore your husband to understand that we made this decision for my emotional and mental well-being, and yet I'm not getting the benefits of that because of our finances. And this is a season. And you don't need to be thinking about a house. You sell the house and you rent. And this is a circle the wagons moment for your family where we circle the wagons and we defeat the enemy in front of us. And then you're going to get another house.

You're going to get another house. You're not going to get one on $3,000 a month. Right. And you're not going to get one in this current situation. Whoop-dee-doop-dee. There's another house. I've been to Cleveland, Ohio. There's houses all over the place.

You can get you another house. Right. They're everywhere. Yeah. And so you'll get you another one. Yeah. This is a moment in time. This is what's known as the valley.

You are in the valley. Right? But the point of the valley is you don't stay there. You're not going to live your whole life as the valley you are in the valley right but the point of value is you don't stay there you're not going to live your whole life in the valley it doesn't turn it doesn't work out that way and so this is the thing you'll look back on and you'll tell you know you'll tell your little boys kids someday you know when your kid your daddy was one he about drove us nuts we had to sell the house oh you know you're gonna be that you'll be that grandmother telling that story right that's what's gonna happen crystal i can't tell you how many times my mom and dad have talked about when i came into this world they live in this teeny tiny one bedroom

now there's a whole nother thing over a pharmacy yeah but the point is they talk about how hard it was well imagine trying to parent me for heaven's sakes but you know this is a season and i don't remember it your son's not going to remember it and and and this is a storm this is a storm right now and i gotta tell you it's not for your emotional well-being you're being a good mom that's right a good mom wants to be there with a one-year-old that's having seizures that's just a good mom yeah i mean that's not a bad thing thank you and if you my own kid, I would tell you to do exactly what you're doing, except for the part where you kept all the expenses. Right. So those got to go starting today.

And then you'll come back out of this, and you'll be able to add a house back, and you'll be able to. Now, the last thing of this is I want to ask you this. How available with this medical situation are you to do tutoring in your own home? We've talked about that even for this next upcoming school year. Yeah, like $40 an hour. Make a huge difference if you have the bandwidth and it doesn't put your child in jeopardy.

Right. I'm not trying to have you quit work and turn and put you back to work. That wasn't what I was trying to do. But if there's some bandwidth while kiddo is sleeping or kiddo is manageable 99% of the time, but we're just here to watch him and make sure he's not having an episode, right? Then you can do some $40 an hour tutoring and you can change this whole situation and maybe keep the house. Yeah, I would tell you a very specific idea there, Dave, is online teaching.

Adult education makes really good money, and the little guy's in sleep. She's got the monitor there. You're in control of when you do it. Yeah. Yeah. Online tutoring. Big time help. Yeah, check on all that.

But, kiddo, make the adjustments on the outgo when you make the adjustments on the income. That's what I want you to do so you win in this. You call us anytime. We'll be honored to help you. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today.