The Ramsey Show - App - Common Sense Solutions to Your Money Problems (Hour 2)

Episode Date: May 29, 2018

The show about you

🎵 Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. Well, on every one of my social media feeds for the last five days or four days since this article hit, people have been exploding. Their brains are frying out of their heads over this article in the Wall Street Journal. Mike Maru has $1 million in student loans. How did this happen? Mike Maru, a 37-year-old orthodontist, made a big investment in his education,

and as of Thursday, he owed $1,060,945 in student loans. Mr. Maru pays only $1,589 a month, not enough to even cover the interest, so his debt from seven years at the University of Southern California, grows by $130 a day. In two decades, his loan balance will be $2 million. He and his wife, Melissa, have become numb to the burden, focused instead on raising their two daughters. If you thought about it every single day, Ms. Maru said, you'd have a mental breakdown.

Due to escalating tuition and easy credit, the U.S. now has 101 people who owe at least a million dollars in federal student loan debt five years ago was 14 people while the typical student borrower owes 17 000 that's not true it's 37 the number of those who owe at least 100 000 has risen to two and a half million the government essentially allows graduate students to borrow any amount to cover tuition and living costs with few guardrails on how the final sum will be repaid. These are choices we are not coercing, says the dean of USC's Herman Ostro School of Dentistry, where Mr. Moreau went to school, which is one of the most expensive dental schools in the U.S.

You know exactly what you're getting into, says the dean. Dental school is the costliest of higher education programs in the U.S., an average of $71,820 a year. The USC program now costs $91,000 a year and $137,000 when living expenses are included. Halfway through dental school, he said he started to worry about the soaring costs of his education. Why did it take halfway? You're in the most expensive dental school in the U.S. I'm sitting here saying, holy crap, should I really be doing this, Mr. Maru called.

Should I drop out? Ms. Maru, 35, said her husband and her decided it was too late to turn back. If he quit or transferred to a cheaper school, he still owed for the loans he already had. Yeah, so the cheaper school would keep you from doing what? The USC education helped Mr. Maru earn $225,000 last year. No, being a dentist helped him earn $225,000 last year, working for a corporate practice in Draper, Utah, outside Salt Lake City. That compares with $158,000 median income for dentists.

Some dental school educators fear that the eye-popping... Let me help you all for a second. That's a misnomer. Let me stop just for a second. The median income for dentists is $158,000, but not for orthodontists, and he's an orthodontist. So let's learn the difference here. It's $225,000.

He's not making extra money because he went to USC, where he went to school, did not increase his income. He went to the most expensive school, and he makes an average income. Note to those of you who want to go to an expensive school because you say it's going to cause you to make more money. It doesn't. Anyway, moving on. Some dental school educators fear that the high popping costs to enter the profession You want to go to an expensive school because you say it's going to cause you to make more money. It doesn't. Anyway, moving on.

Some dental school educators fear that the high popping costs to enter the profession could dissuade good prospects from even trying. You think? Dental school's financial aid director estimated that the basic four-year program would require $400,000 to $500,000 in student loan debt. Mr. Maroon and his wife concluded dental school is a good investment. We're like, well, we can make this work yeah made sense to me they took it out on a lower interest rate long story short the interest rate went up they got themselves in trouble a law passed in congress in 2001 severed the link that tethered student loan interest rates to treasury rates and the rates went up causing him to get into a bigger mess. The one luxury I'm skipping along was buying a used Mercedes Benz, which carries a payment of $390.

The couple then bought a home using a $400,000 mortgage. Ms. Maru took out her name. She used an inheritance from her grandfather for the down payment, and her mother co-signed for the loan because she's married to a broke dentist. Mr. Maru then entered into a government-sponsored repayment program on the loan, where after 10 years his loan will be forgiven. But when you add up everything he's paid in, he will have paid back a million dollars even by then. And then you and I will eat the other million roughly.

Since refinancing his debt with the federal government in 2015, Mr. Maru's balance has grown by $150,000. It will keep growing through the 25 year life of the repayment plan until it reaches $2 million. The sum will be forgiven and at current tax rates will cost him another $700,000 in income tax for forgiveness of debt. The government repayment plan affords the Maru family a comfortable life. Their home is on a mountain with panoramic views of the snow-capped peaks surrounding Salt Lake City. They take vacations, including a recent trip to Havana, and they drive a used Tesla. Yeah, it does make your head explode. Extreme things like this always do make the news. And obviously this is an extreme thing, but what it does point out is a whole bunch of things.

One thing it points out is that you and I are stupid, America. We're stupid because we elected a Congress that allows a student loan program like that to be in place because you and I are getting ready to pay this guy's bill. These are federally insured student loans. The taxpayer insures the student loans. No one else gives unlimited lines of credit to 18-year-olds on unsecured debt, except you and me. No banker in his right mind would give this, and bankers loan money like hot potatoes.

They'll loan money to a dog that's dead, and they won't loan money to you. But no, you and me, we're so bright, we think that students, you know, college education is so important, and the whole economy would collapse and America would be a bunch of illiterates if we don't step up and pay these, if we don't step up and insure these student loans. So I'm telling you, you need to call your congressman based on this article right here which wakes you up and say the federally insured student loan thing needs to stop you want to stop colleges from overcharging it's real simple when nobody goes there because they're too freaking expensive their rates will drop

but when they have an unlimited supply of money from the government insured by stupid people like you and me and signed up for stupid people like this guy who didn't even add up what his costs were going to be until he was halfway through, this is a whole group of stupid people in a pile. Stupid colleges overcharging, stupid taxpayers that are willing to sign up,

willing to sign on for this guy, because you and I are going to pay this. Your tax money is paying this guy's bill. Because we're stupid. Because only stupid people loan people like this money. So we're stupid. We guaranteed this loan. It's a federally insured student loan.

The student loan program is a freaking disaster. Mike Maru's life is a disaster. So, Mike, you're in Salt Lake City, my man. You're in a hurt. You're in a world of hurt. You've become the laughingstock of America after this article. I'm so sorry. People are probably writing in hate mail like crazy.

I'm not going to write you hate mail. I'm not going to pile on. I've done dumb things, too. If you're within the sound of my voice and in Salt Lake City, I promise you, you are. You get in touch with us. We will help you for free. You will not like Dr. Dave's prescription for your life. You're getting ready to sell everything, my man, and work like a maniac, but I can actually get you out of this mess. I'm probably the only one that can. You get in touch with me and I'll help you. This is the Dave Ramsey Show.

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Plus, Churchill won't let you get into more house than you can afford. So become a certified home buyer and get ahead of the game. I trust Churchill Mortgage. Call 888-LOAN-200 or visit churchillmortgage.com. This is a paid advertisement. NMLS ID 1591. Equal Housing Lender 761 Old Hickory Boulevard, Brentwood, Tennessee 37027. Okay, we've got to revisit for just a second. A couple of points. There's a rule in economics, in capitalism, which is what we operate under, even though some of you don't like that and you're communists. But in capitalism, which is actually what we operate under, even though some of you don't like that and you're communists.

But in capitalism, which is actually what we operate under, if you leave people alone, you do not interfere in the market. You don't artificially stimulate the market. The correct amount of buyers will go to the correct amount of goods at the correct price. By correct, I mean if you're running a restaurant and you suck at cooking, the correct amount of people you have eating at your restaurant will be zero at any price. If you're great at cooking and you cook hamburgers, you're going to get one price. If you're great at cooking filet mignon, you're going to get one price if you're great at cooking filet mignon you're going to get another price if your wine list is in a box you're going to get one price if your wine list is fine french or the best of napa you're going to get another price if however the government decides

they want to fool with that and they want to get people into the hamburger business, and so they give people in the hamburger business free money or cheap money because they insure it, then that interferes in that equation. The same is true with the purchase of this thing called education. You pay for education without interference in the economics with the cost of student loans. If student loans are out of the equation, suddenly people have to pay for their education. Now, will fewer people be able to afford it at the current rate? Yes.

Would the current rate go down? Yes. The reason college tuition is driven up is not because college operators are all greedy, because almost none of them are. They don't make that much money. It's because they have no limit on the amount of money they have to spend because people will borrow out the wazoo to go to their college because 18-year-olds don't do well adding, apparently.

By and large, thus we have a $1.3 trillion student loan crisis because the government has interfered in the economics of the cost of an education. I'm all about education. I'm not anti-education, but I'm all about capitalism, controlling the cost and the supply and the demand and the price of a good or service. It's that simple. Why do you think the cost of music has gone down? The supply and demand.

We used to buy a record for $27. Now you buy a song for $1.29. It's a different world. Harder to make money in the music business now. But the ease of distribution, all of these things affect economics, basic economics. And we've destroyed the economics of higher education with the student loan program. It's time for it to go away. Now, second piece.

Mike Maru, this article, I mean, people have been exploding on social media everywhere. This guy has been destroyed. He really has become a laughingstock, and he's become a symbol of what's wrong with this thing. But the poor guy is just a guy. He's just a guy being a dentist. He's trying to have a life with a couple kids. He's trying to figure his way through this. And truthfully, people in the medical profession are the world's worst at handling money,

and he's just proof of that too. So, Mike, really, I'm not mad at you, and I know half the world's worst at handling money and he's just proof of that too so mike really i'm not mad at you and i know half the world's mad at you or whatever and it feels like you've been beat up this week because you probably had the crap beat out of you i don't know why you gave them all your numbers and thought this was going to turn out well but it didn't um so here's the deal i mean we've got a huge brand in salt lake city one of you guys that know mike get in touch with him i really will help help him, but he's going to have to do what I tell him to do, and he may not want to do what I tell him to do because I'm getting ready to destroy his life, but he doesn't have a life right now.

His life sucks. I mean, it sounds like he's got it made. He's got to use Tesla. What is that, a 30? What is it? Alan Malaloi said the other day, it's a $30,000 car with a $70,000 battery. Yeah. It's a pretty funny line.

But anyway, this is a used one. So that's the guy that used to be president of Ford. I'm quoting there, by the way. But anyway, yeah, get in touch with us. Just email. I want you all to email Kelly at DaveOnAir at DaveRamsey.com. It's a sincere offer. We'll fly you and your wife over to Nashville at our expense,

and we'll sit you down with our coaches, and you're going to do exactly what we tell you to do, or we're going to drop you like a hot potato back into your mess. But if you will submit yourself to this, I can get you out of this. You're going to work all the time. You're going to have no life and make no money for a while. But you're not going to have 25 years of hell either. You've got 25 years of hell as your prescription right now.

And it's no life. You're just trapped. And I can show you how to pay this off. You have the earning ability to do this. And you're just going to cut your lifestyle. And I can fix this for you, dude. These numbers are doable. You're not as trapped as it sounds like you are.

It's not going to be easy, but it's doable. And we will help you, and we won't charge you a thing. And you and your wife will fly here at our expense. Just because I hate for a guy to get piled on like this. I mean, can you imagine being this guy right now? The hate he's getting? I mean, good. Because people are merciless.

We live in a society of trolls now. And when they get mad about an idea, they attack people. And it's crazy. Some of y'all are violent. It's ridiculous. So anyway, I'm violently angry about the situation he's in. I'm not mad at him. I've been stupid too.

And you and I are stupid because we set it up where he could do that. We're the taxpayers. It's our fault too. So it's got to. We're the taxpayers. It's our fault, too. So it's got to stop, y'all. It's got to stop. And it's time for it to stop. On to good news. Dave's Summer Car Giveaway.

We like to do things big around here. We're giving away four $12,500 cars in the month of May. You go to DaveRamsey.com. No purchase necessary. Dave Ramsey and Carvana are giving away four $12,500 used cars. Some guy asked for the used cars. I didn't know you could get a new car for $12,500, but maybe you can. I wouldn't want it if you could.

Have a real tired gerbil under the hood. But anyway, I didn't know you could make horsepower that small. It's not horsepower. It's measured in gerbils. Okay. Anyway, Carvana, the nation's leading online used car company. You get to pick from 1,000 cars that they have out of their little car vending machine. They'll send one right straight to your door.

Not bad. Our third car winner is Bob in Akron, Ohio. Hey, Bob, they called you and lied to you. You won a car, man. Hey, Bob, they called you and lied to you. You want a car, man? Oh, that is amazing. They told you you were a runner-up or some kind of a lie like that, didn't they? Yeah, something, and then I had to listen a little bit, and wow. This is happening.

This is amazing. This is happening. Dave's getting ready to give me a car. Dave just gave me a car! Very cool, man. Do you need a car? Well, yes and no. I mean, it's one of those things where we did save up and bought a newer, not a new,

but a newer car last year because of family change. So we've been shifting cars around, but wow. Well, you can sell it and use the money then. It's all right. You can do whatever you want to with it. It's our gift to you, then. It's all right. You can do whatever you want to with it. It's our gift to you, man. Very cool.

Congratulations. So your family's just changed. You just had kids? Well, actually, we foster also, so I will say that. And with that, so our family gets big and small. Oh, okay. So we never quite know what we're going you know who we're gonna have and everything so uh just anything like this god blesses us and uh it's really amazing well that's so fun i'm glad

we get to be part of you being a blessing that's so neat man i will claim that i helped some foster kids today because bob got a car very neat there you go and bob is bob is putting out his life there for foster kids that's a good thing. That's a good thing, man. That's a good thing. That's a challenging deal you took on there. Well, thank you very much. So, wow. So how many times did you register?

I think probably about a dozen or so. Okay. I had the reminders, so that was a neat little thing that I could do off my phone. And I figured, hey, this is great. If you're willing to give them away, I'm willing to register. There you go. This is me. And how many times have you won something this big before? No, never.

I love it. Well, it happened here, Bob. Congratulations, man. Hang on. Kelly will pick up. We'll make sure we got all your stuff correct, and Carvana will deliver that $12,000 car, $12,500 car of your selection to your door. Don't forget, when you're at DaveRamsey.com to register,

there's one more car to be given away by the end of the month. We are running our $10 sale. That means all of our number one best-selling books are on sale for $10 each. Not bad, baby, not bad. Check it out. This is the Dave Ramsey Show. You know why I have never recommended credit monitoring when it comes to ID theft? Because it's a waste of money. Credit monitoring only detects 21% of identity thefts.

And that's after all the damage is done. Not to mention being of no help when it comes to tax refund fraud, medical ID theft fraud, social security fraud, and even criminal activity. Not very much protection for all that money. Listen, ID theft is a reality, and you may already be a victim and not even know it. You need a quality program that does smart things to reduce your risk and takes over all the work if you become a victim. That's the real nightmare. The only plan I've ever recommended is through Zander Insurance.

I have it for my family and all my team members. Call them at 800-356-4282 or visit ZanderInsurance.com. It's just a smarter, more affordable way to protect you and your family. That's ZanderInsurance.com or 800-356-4282. Colton is in Kansas City. Welcome to the Dave Ramsey Show, Colton. Hey, Dave. How are you doing? Better than I deserve. What's up? An honor to speak with you, sir.

Thank you for taking my call. I'm 22. I just graduated from college, debt-free, thankfully. And so I've been working really hard, and I have some money in a brokerage account. Good for you. What'd you graduate in? What degree? A finance degree.

Good. And how'd you do that debt-free um well just academic scholarships and my parents also had some money set up for me to use and also just working through it and uh paid my way for some of it as well very cool where'd you graduate from uh missouri western state university in st joseph Good for you. Excellent. Excellent. And so now you're out debt-free and you're making money. What's your income? Well, like I said, I just graduated four weeks ago.

Yeah, I start next week studying for my Series 7. And when I start doing that, I'll have an honest salary of like $38,000. Good for you. Who are you going to work for38,000. Good for you. Who are you going to work for? Edward Jones. Good for you. Series 7 is a tough test. That's about like taking a CPA exam.

So you better be hitting the books. That's a tough one. But you can do it. Yeah, I'm planning on it. You can do it, man. Congratulations. All right. So your question is what then?

Oh, so I have a Roth as well as just an individual brokerage account. And so I'm thinking while I'm young and in a smaller tax bracket, is there a way that I could move some of the money from my brokerage account into my Roth? I could lump some besides just the minimum $5,500 a year? Nope. Nope. And it's got to be in some kind of a retirement account to roll it into a Roth. Okay, because I've heard that you guys talk about rolling a lump sum, and I didn't realize that was just in like a retirement account.

Yeah, a lump sum out of a pension plan, sometimes you'll hear us talk about that instead of paying the monthly payments on a pension plan, they'll offer them a lump sum buyout on a pension plan. You can roll that in. If it's in a 401K, you could roll that in. If it's an old IRA of some kind, you could roll that in, but not just from a brokerage account. No way to do that. It's from retirement account to retirement account is what it amounts to.

Now, what I would do is immediately start your edward jones 401k as soon as you can and max max out all you can put into it right now okay because your income is going to shoot way up your base of 38s that's starvation money and in their minds and you're either going to go up from there or they're going to fire you. Yeah. Because you're going to have to produce in that organization. They don't screw around. So you're going to move on to something else if you're not making more than $38,000. And so just load that puppy full. Make sure you have a big emergency fund.

And don't go borrowing money for your car or pay cash for your car. Whatever you're going to do, pay cash for it. Moving out like you're doing. And you've done a great job setting yourself up. Congratulations. What a great start at 22. Thank you, sir excellent job i'm sure your mom and dad are proud all right laurel is with us in south bend indiana hi laurel how are you hi i'm good thanks how about yourself better than i deserve what's up

um i'm a single mom and my daughter is 15 She started working when she was 14 at a daycare owned by a friend of ours. Yay. Yeah. So she went with me to my second FPU class kicking and screaming, but she went and she did pick up some things. So it helped a little because I dictated a certain amount to tithing, savings, all that, and gave, you know, 25% of her check was hers to keep, but her responsibility was purchasing her own clothing. So my question now is, she is in tutoring because she's been struggling with schoolwork, so I had to put her in tutoring. And I'm just getting back on the bandwagon with

the baby steps, and so I was looking at my budget, and the tutoring is just so much more than what I can handle, so I reached out to her dad, who had initially said that he'd be able to help starting in May. Well, this being the end of May, I reached out to him, and he said, no, he's not going to help right now, and was actually complaining to her about me even asking. So she decided that she wants to get another job this summer and help. Well, I'm just wondering at what point, you know, is this my parental pride saying, no, this is my responsibility when I've already given her responsibilities for her money? And at what point do I let her start taking a little more financial responsibility

for herself and her needs? What subject is she being tutored in? Algebra. Okay. And what does it cost? Right now it's costing about $360 a month and I'm trying to see because they're saying that she needs to be there two days a week. I'm trying to see

if we can get it down to one day a week. And what is her study habits look like after she's not with the tutor? She really tries hard. She's studying all the time.

It's just a matter of it's just not clicking for her. She's putting hours on this then? She is putting in hours. It's just not clicking, and the tutor has helped with it clicking, so we're seeing results. Okay, good. And what do you make a year? Depending, my income is very irregular,

and so I make anywhere between $35,000 to $45,000 a year. Okay. And why is your income irregular? I'm a therapist, but I just work PRN, so I have six facilities that I go to right now. So when they need me, work is really high, and when they don't need me, it's very low. I see. Okay. And there's nothing you can do to backfill any of that or pick up more hours um i've i just added two more facilities so i'm i'm working on you know finding other prn positions i'm also a caregiver for my grandmother so the flexibility that offers is something that i need in raising my daughter and helping my grandmother but i'm also working on an etsy store so anything i can do in my in the cracks of, but I'm also working on an Etsy store.

So anything I can do in the cracks of time that I'm not working, I'm trying to find ways that I can increase my income. And you said you went through financial peace, and now you've gotten back on the wagon. So what happened that you quit doing this stuff? I'm a free spirit. Are you there? Yes. Can you hear me? Okay, yeah okay yeah i just clicked i thought you were gone um okay the uh and i just i struggled with the budget and and accountability was the

biggest thing not having anyone to be accountable for so okay here's what we need to do okay sure i don't think that the teenager picking up three hundred dollars is the problem okay i think that is highlighting the fact that you've got to get your act together absolutely and i'm not picking on you but you're making okay money you're just juggling a lot of things as a free spirit you're taking care of mom grandmom that is you're taking care of daughter um and you got worries with both of them. And you're a caregiver, which drains you emotionally as well. And you've just got a lot of things pulling at you at the same time.

And so all these plates are spinning. It's hard to keep them all spinning. And you're pretty much a warrior, kiddo. You've got a lot of stuff going on. I'm proud of you. You're fighting through this. So what I want you to do is I want you and her to go back through Financial Peace University again. Okay.

Okay, and I'm going to put you in our one-year membership program, which has the Every Dollar Plus for a year and online access for a year, as well as go to the group and go through the nine lessons again. And I'm going to pay for you to be upgraded and put into that whole thing. Okay? Thank you. And that gives you accountability and encouragement for sticking to this. Okay?

And you get you an accountability partner in that group, somebody you can stick with after that group ends after nine weeks that will hold you accountable for staying on the budget because it's your only shot. Right. You know, doing all you're doing. The only way the plates stay spinning is they have to be greased, and that grease is called money. Yeah.

And I think this is going to solve itself. If she pays for one month of it by working this summer while you get a few things turned around, that's okay. She can pay for one month. But you don't want this to be her responsibility. I want her to learn to work. She's 15. I want her to learn to work, to give, to save, to spend. But you were already teaching her those things, and then you quit doing them. So we've got to get you doing them again because more is caught than taught from your kids.

So you hold on, and I'll have Kelly pick up, and we'll get you guys back in there and take her with you to the class. There's probably a little algebra built into Financial Peace University. Not really, but we could probably find a lesson if we wanted to. This is the Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options? Do you wish you could find an affordable, biblical solution to your healthcare costs?

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That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. We'll be right back. For those of you who are able to listen to all three hours of the show in the correct order, you're not skipping around on podcast or something else, or maybe your radio station doesn't carry all three hours. But if you do, next hour we will have Simon Sinek with us, a best-selling author, leadership guru, author of several books that I recommend. Start With Why, you hear me talk about that all the time, and Leaders Eat Last.

His TED Talk has now had 38 million views. That's pretty ridiculous. And so he's kind of a big deal in the leadership space, to say the least. Great guy, too. We had him on our Entree Leadership Summit last year, and he will be with us next year in the San Diego event, which will have 2,400 business leaders in attendance. We just had the one in San Antonio the week before last, and it was absolutely incredible. And actually, was that last week? My brain's running together now.

But anyway, it was a complete blowout. We had so much fun. and actually that was that last week my brain's running together now but anyway it was a complete blowout we had so much fun and now the one for 2019 only has like 400 tickets left it's almost sold out already it's just crazy how much we've done so we'll be telling you more about that next hour be sure you're listening as sim Simon Sinek joins us. Megan is with us in San Antonio, Texas. Hi, Megan. Welcome to the Dave Ramsey Show. Hi, how are you? Better than I deserve.

What's up? So, I guess at the beginning of the year, my husband turned me on to you because he listens to a lot of talk radio. And it took me a minute to kind of get into listening to you as well. But now I'm the one that's all wanting to do it. And he's the one that's kind of hesitant on taking the steps on moving forward. He seems to be kind of scatterbrained. He wants to do everything at once. And I can't seem to get him to focus on doing one thing at a time, and it's making him very discouraged.

Okay. So what is it you're trying to do one thing at a time? Well, I can't even get him to focus on getting Baby Step 1, which is just our $1,000 emergency fund. He's wanting to put money away towards the emergency fund as well as put money towards our debt. Okay. So bottom line is he got motivated about money in general, and then you went and learned our system, and you like our system, and he doesn't understand it yet.

Correct. Or has decided he or has decided he wants his own system yeah he's just kind of wanting to do everything all at once to kind of get it done faster yeah well that's a pretty typical thing uh we like to do everything at once all of us we live in a microwave culture but the problem is that doesn't work with money as you have already figured out you're a very systematic person in all of your life, aren't you? Yes, I try to be. Yeah, that's good. That's good.

And me too. My brain kind of works that way. That's how I recognized it. But there's wow people and there's now people kind of thing. And so, or not now people or whatever. So the good news is you both think something needs to happen the only thing you disagree on is how it needs to happen and how fast it needs to happen yes so that's better than that's better than one of you that doesn't care right at least you both care so that's a really really good start and so i think what you got to do is i have learned in my 37 years of marriage that i as a

male i am thick i do not hear what my wife says often and she has to really work to make sure to get my attention if she talks at me while there's 17 other things going on i don't hear squat and unless she makes a a really decisive she thinks she said something to me that's really important and there's four other things going on and i didn't even hear her and that's what you're doing here you're doing a drive-by shooting okay instead what i want you to do is i want you to turn off the television not no there's no food at the table and the the kids, if there are any, are asleep, and the dog's in the freaking garage.

And it's just the two of you, and you sit down kneecap to kneecap and look in his eyes and say, we have to talk. This is a big deal. Then maybe he'll start to hear you. Because guys can do one thing at a time ladies can do six things at a time we can't hear you unless you hit us upside the head okay and so that's all it is this is a good man he cares he actually cares about this subject which is great we don't have to motivate him we just just got to direct his motivation. This is awesome. And so we've got to talk.

You told me, listen, this Dave guy, he's actually making sense. You're running around like a chicken with your head cut off. I want us to try to do this system because his system works. Ours sucks. And I don't really want to look at him and look at him in his face and say this and i don't care what your opinion is because your opinion is what got us here okay so we need to do something different right you can't keep doing the same thing over and over again and expect a different result right correct it's not time for new new recipe and so all this is a good man all you got to do speak

man to him not woman to him and that means real clear real direct real quiet no interferences because he needs to hear on a scale of one to ten this is a ten for you because he loves his wife and if it's a big deal this say you doing this would be like you giving me a diamond. You doing this would be like taking me to Aruba. It would be that kind of a thing for you to do this with me. He'll hear that. How long have you all been married? Five years together for six.

So what's the coolest thing he ever bought for you or did for you that made you just light up and he knew he lit you up? He took me on a little shopping spree at James Avery. There you go. Just bring that up. Doing this would be better than that little shopping spree for me. That's how much it would mean to me. Because I think we'll change our lives together. And I think we'll get to do shopping sprees or whatever we want to do if we go do this and get our act together. Okay? Does that make sense to you?

Yeah, definitely. Okay, now, I'm going to be in San Antonio this fall with Chris Hogan on November the 15th doing one of our Smart Money events. I'm going to give you two tickets. By the time you get there this fall, those two tickets are for you to come to this event and celebrate how much you've been winning already before you get there because I'm also going to put the two of you in Financial Peace University

because between now and this fall, you guys are going to get your crap together. Oh, my gosh. Thank you so much. All right. You hold on. I'm going to have Kelly pick up. And you just got to communicate to him where he hears you. Oh my gosh, thank you so much. Lay the phone down. Turn the TV off. Clear out whatever distractions there are. Because I'm – now, some of you guys, maybe you don't agree with me,

and some of you don't like generalities and all that. You can kiss my butt, okay? There's generalities that are just true. And guys can hear one thing at a time. Ladies have the ability to multitask. Tons of studies that show that, by the way, which is an advantage for the female of the species but it's a disadvantage to males when we're trying to actually listen to you because we don't hear you um you know these we don't get subtleties ladies get nuance guys don't get

nuance much you just kind of have to get right in the face and go this is the way it is you know and then we hear it. I hear it clear. And I love you. I want to do stuff for you. But not when I get these vague drive-by shootings. I don't have any idea what that means from a communication standpoint. It's a disaster.

Communication did not occur because I did not hear you. You know, it doesn't work. So that's a deal. Hope that helps. And those of you that are mad about the battle of the sexes or whatever it is you're mad about all the time, you can just take that to Twitter. And I don't even read it that much anymore anyway because I don't really care what you think. So another troll to delete today.

Delete, delete. Oh, it's not trolling. It's criticism. Good. Delete, delete, delete. This is called The Dave Ramsey Show. You know why? This is Dave Ramsey's opinion. That's why we call it that. How nuanced is that? This called The Dave Ramsey Show. You know why? This is Dave Ramsey's opinion.

That's why we call it that. How nuanced is that? This is The Dave Ramsey Show. Hey, guys. This is Blake Thompson, Chief Production Officer for The Dave Ramsey Show. Here's a tip. To keep from missing Dave's classic facial expressions to some of those calls, make sure you watch him live.

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