The Ramsey Show - App - Control the Controllables When It Comes to Retirement (Hour 1)

Episode Date: July 24, 2019

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us, America. This is your show. It is a free call at 888-825-5225. That's 888-825-5225. Starting this hour off is Rachel in Washington. Hi, Rachel.

Welcome to The Dave Ramsey Show. Hey, Dave. Thank you for taking my call. My pleasure. How can I help? Well, my husband and I are kind of getting ready for that next chapter of life and starting a family. We've both been working full-time since we got married about five years ago. And my question to you is just how we should adjust our emergency fund

or the amount that we have set aside for that stage in our life when we do have children and how much we should put into our investment account. Well, the same thing exactly as the baby steps. You should have three to six months of expenses set aside as your emergency fund. And your investments should be going when you're at baby step four, 15% of your income going into retirement. That's the same. None of that changes.

What might change a little bit is your expenses might change, and so your emergency fund might need to be beefed up a little bit. What you don't want to do is say, hey, I'm going to quit my job, my career, and come home and be a full-time mom, and if we have trouble, we'll just dip into the emergency fund. No, no, no, no, no, no, no. You practice living on his income if you're going to quit. And so you make the budget work on his income, and then you quit,

and then there's no surprises. Right, and that's kind of what we're planning to do. We do have a good amount of cash just in savings over the amount of our emergency fund that we're planning to put into investment accounts before we go into this next chapter of our life. So I was just curious how much of that we should put into investment accounts versus setting aside. Well, the only thing that would go into an investment account is 15% of your

income in Baby Step 4 should be going into retirement accounts. Are you doing that in addition to this cash? Yes. Okay. Then you would not put it in investment accounts unless you were doing it for baby step five which are children and you don't have children yet but when you have kids if you want to if you want to earmark some of that cash and say okay we're going to hold 10 grand here to kick off junior's college fund but then the rest of it moves on to baby step six

okay you pay off the house yes for sure okay great well thank you so much hey thank you for the call we appreciate you joining us danny is with us in kentucky hi danny welcome to the dave ramsey show thank you uh thank you for taking my call sure man what's up um i have a investing question um we are debt-free except for our house. When I went to my advisor before we became debt-free, he advised us to open two Roth IRAs,

one in her name and one in my name. Good. We are putting equal amount in both. My question is, should we be doing that? I have a state pension that I invest in, and she has a 403B that we put

the 6% in, and we take the other, we actually put 5% in each of our Roths. Perfect. It's time for us to go back and readjust the numbers because of pay increases and everything like that. My question is, should we just focus on one of them or both of them equally?

It really doesn't matter because in the event one of you passes, the other one's going to get the Roth IRA, or in the event of a divorce, you're going to split it up. So there's no benefit to either one. It's handy to just split it evenly across the two so that they're doing about the same thing. It just makes things cleaner. But it's just a simplicity thing. If for some reason you want it to have more in one than the other and you just feel better about that, because it doesn't matter.

Assuming you both live and you're married, you're going to retire together. so if it's in her name and you eat out of it so what if it's in your name and she eats out of it so what you know it's it's basically our money in the event uh we retire together um and one of us hasn't passed away or there hasn't been a divorce and um in either one of those cases the money's going to go evenly out the door anyway so it doesn't matter is the answer to the question uh just whatever you guys feel like you want to do i just you know i probably would do it evenly in my mind just because it's simple uh but um you know and just we both can look down and see our names on something that's growing at about the same rate there's not some big value judgment we have to make to get there. That's what it amounts to.

So good question, man. Thank you for joining us. Our question today comes from Blinds.com, the number one online retailer of custom window coverings, free samples, free shipping, the new promos they run every month. You save even more. Always use the promo code RAMSY to get the best possible deal. Today's question comes from Jonathan in Texas.

Dave, we're retired now. Woo-hoo! And we have a question about long-term care insurance. The long-term care premiums keep going up. At what point do you feel it would be safe to be self-insuring? We're 61 to 63. We have a net worth of $3.2 million. No debt, of course.

And we have Social Security pension and incomes of about $5,000 a month. You can self-insure through it now if you want. It's not a problem at all. It's interesting, the statistics. I'm kind of thumbing for my cheat sheet right now because these stats are pretty amazing on long-term care. Here's the deal. 70% of people over 65 will require some type of long-term care. That's why we tell people to get

it when you're 60 don't get it before 60 less than one percent of people use it before 60 so from 60 on seven out of ten people will use a nursing home in some way but here's the thing the average time spent in a nursing home is 2.4. And average cost is about 50 grand a year. So if you say 50 grand a year for double the normal, five years, okay, that's $250,000. That's double the average stay. $250,000 out of 3.2 million, I think you're going to be okay. So if you burn that money, and if it's double that, if it's a half a million dollars, which would be four times the average,

and you self-insured through that, then, you know, and your wealth doesn't build at all during this time. Then 3.2 minus 5 is $2.7 million. Whoever's left over, whichever one didn't burn the money in the nursing home and die, then the other one is going to be just fine. Just fine. And what most people are doing now, and the better policies also allow for this, is in-home care. And the number of times that someone has in-home care or nursing home care longer than three years is only one-fourth of the time, 24%. So that's the thing.

So, you know, I'm with you at your net worth. You easily could self-insure through nursing homes i'll be turning 60 in about uh 13 months and so um you know i'll likely uh self-insure through that many times over i don't think i'll be paying long-term care insurance premiums there's no point in that for me uh sharing will be just fine. So that's what you get to once you reach a different level of wealth. The danger is for someone that has a half million dollars or has a million dollars and pop up moves into the nursing home and cracks and scrambles the nest egg and leaves mama with no money. That's the problem. And that's why you need

long-term care insurance unless you've got multiplied millions of dollars. This is big news, guys. You need to stop and listen. The Fed decided not to raise interest rates. That means you've got a small window of time before rates rise again. Here's the deal. Most people are paying too much interest on their largest expense, their home. So you're freaking crazy if you don't take 10 minutes to call Churchill Mortgage right

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Mitchell is in Indiana. Hi, Mitchell. Welcome to the Dave Ramsey Show. Hey, Uncle Dave. Congrats on the new building. Can't wait to come down and see it. Well, we would love to have you. We'll be open in August, and so a couple weeks, the Baker Street Cafe will have the homemade cookies brought to you by Melissa Wilson. We'd love to have you. Ready for it. Hey, quick question. I should probably know the answer to already, but I know you say to put 15% of your income into retirement. If my job puts 12% in without me doing anything, should that count towards some of my 15%

or should I still do my own 15%? You do your own. Okay. Your own 15%. What that means is you're going to have a huge pile of money, obviously. Hopefully. You're going to do beautifully, okay? That's the way that's going to work.

But the thing is, what I'm trying to get people to get their arms around emotionally and spiritually is you control the controllables. You don't control the other company. Sure. You might not work there through your whole career. That's very probable, actually. Okay? And so, you know, you don't control all of that. What you can control is what you do.

And so what I'm trying to get everybody to do in every one of these steps is control the things you can control, which are you. You can't control whether Social Security is going to come out or not or whether it's going to go broke. You can't control what the government's going to do. You can't control what the bank's going to do. All you can control is what you do. And so in this case, that's where that philosophy comes from.

So you are already on the right path. So very, very, very well done. Good. So here's the thing. So very, very, very well done. Good. So here's the thing. Listen to this number, okay? Average household income in America right now is $58,000. That's the average household income in America.

Times.15, 15%, is $725 a month going into retirement. Well, Dave, I can't put $725 a month going into retirement. Well, Dave, I can't put $725 a month into retirement if I make $58,000. Well, you can if you don't have any payments but a house payment, and your house payment is no more than a fourth of your take-home pay. So if you got to this point in the baby steps, you've got an emergency fund and you have no payments but a house payment in your own baby step four most people it takes them two to three years from the time they hear the baby steps plan to get to baby step four but from today forward it takes you two years it takes you three

years and then you start putting 15 of an average household income away. So you're 27 years old and you're listening to me right now. And it takes you three years and you're 30 years old when you start. And you put 15% of $58,000, which is $725 a month, into a good series of growth stock mutual funds. Growth, growth in income, aggressive growth in international like I teach. And you do that from age 30 to age 60, 30 years. That would grow with no match at average stock market returns across those mutual funds.

If you picked decent mutual funds, that would grow to around $2.5 million. Now, what did that example just say? Let's go through some critical thinking skills here, okay? I just said an average person making an average income who gets out of debt everything but their home by age 30 and invests from age 30 15 of their income with no match from age 30 to age 60 would have two and a half million dollars let's pretend i'm half wrong and you only had $1.2 million.

That says the average income in America can become a millionaire mathematically. If I'm half wrong, my numbers are double off. Oh, wait a minute. I left out something you were making an average income at age 30 and you went 30 years without getting a raise let me help you with this if you're average and you go 30 years without getting a raise you're a loser. That's horrible.

That takes you way below average by the time you got there. See, I didn't, because if you took 3% a year and got a 3% a year raise and put 15% of that 3% in and 3% the next year, and you increased the $725 a month as your income went up because you continued to do 15% of your income, you'd have $5 to $7 million. And that's if your average and get below average raises, which still really makes you a loser.

I mean, you did not grow your career at all in 30 years? You made the exact same money for 30 years? Seriously? Well, that's the assumption I used for the math to prove that you too can become a millionaire so the point is this the 15 of your income going into retirement you're gonna look up in about a decade and go oh we're here we just arrived yep the house is paid off, and we're millionaires on our way to being multimillionaires. That 30-year-old really will reach millionaire status in reality with their income increases and with their debt decreasing on their home will reach millionaire status probably around 40,

probably take them about a decade, something like that, if you do what I'm saying. So you're 27 years old, and you're just listening to me. I gave you a 13-year plan to become a millionaire, your first million. And if you're a millionaire by the time you're 40, what would you be by the time you're 70? See, if you just don't do stupid stuff and if you just are steady with your investing, this is what Baby Step 4 does for you. This is how you retire inspired, according to Chris Hogan. This is how you become an everyday millionaire, according to Chris Hogan. This is how you do it.

And this is very, very doable. $100 a month. $100 a month $100 a month now that's not a lot from age 25 to age 65 is $1,176,000 that's a 40 year investment and you never missed a month in 40 years but that says you can do it oh well i'm is it too late for

me no these numbers are saying you can do it you don't have to be 27 to do this but i'm saying if you're 27 and you're listening to me and you follow this and you have a normal career path not super great but not super horrible but you have a fairly normal career path between now and 67 years old you should be worth not one million dollars but closer to 10 or above that and what if i'm half wrong so day Ramsey doesn't know anything about investing. Well, that's a stupid but statement. I just sat here and walked you through how to become a millionaire and a deca-millionaire. And my net worth is well in excess of hundreds of millions of dollars now.

Well, that's because you sold a bunch of books. Yeah. It's also because I practice what I preach and I'm old. I've been doing this a long time. A long time. Your broke friends with a political opinion are stupid. I don't care what your broke friends think about money. If your broke friends are making fun of your financial plan,

that's like a fat person making fun of your diet. Come on. That's just straight up stupid. If you do what they do, you're going to be a loser like they are. Don't do that. 15% of your income invested because you got to baby step four at breakneck speed with gazelle intensity. It's worth the trip, boys and girls. It's worth the trip.

This is the Dave Ramsey Show. Thanks for being with us, America. Laura is with us on line four. Hey, Laura, welcome to the Dave Ramsey Show. Hi, Dave. Congratulations on the new building. Thank you very, very much. How can I help? Well, it's really, I want to know what you would do.

Okay. My husband and I own our home, and we have no bills, we have no mortgage, and the home is in Florida. However, we moved back five years ago to Louisiana to take care of my aging parents. We know one day we want to go back to Florida, not necessarily to that house, because it's in one of those crummy HOAs like you talk about. And we got a lot of busybody nosy neighbors. And so it's not like that's going to be our forever home. And the upkeep on it runs around $22,000 a year. Why are you keeping it? I don't know.

Just because I'm so afraid that real estate is going to go through the roof in Florida. But then again, I think, okay, the home is worth a half million dollars, but I invested that for the next five or six years while we're here versus spending $22,000 a year to keep it up. Amen. So you would sell it? Yep. All right. I appreciate the advice.

There's two reasons. One, it's a hassle, and your life's just going to be simpler. You've got enough to deal with helping your mom and dad, and you don't have to deal with some repairman over in Florida because the air conditioner's not working or something, or the roof's leaking or whatever it is. There's always something with a house. That's part of owning a house.

And the second reason is when you take the appreciation that you might get on that house minus the upkeep, the $22,000, you know, a couple grand a month is what we're talking about here. You're not making much. So you'd be making more, as you said, in a mutual fund in this case. And, you know, be more able to get into the property that you actually do want to live in. And you're kind of sick of these people anyway. So I'm definitely out of there. That's three strikes against this property. It's causing me to drop it like a rock.

Hey, thanks for the call. Open phones at 888-825-5225. Clay is in California. Hi, Clay. Welcome to the Dave Ramsey Show. Thanks, Dave. So active duty duty stationed out here in san diego uh who's transitioning uh to the civilian sector in uh december i'll be moving back to spring hill so right down the road from you um i we do own a home out here we are going to sell it this December. Um, we will use that money to pay

off our car, which would be our last, uh, debt. Uh, my wife served as well. She is, um, getting full coverage from the VA as well as I, uh, so I'm trying to figure out what my next financial move will be. Besides, uh, I am going to be putting 15% or more into my retirement. Uh, I do have a TSP through the government, government, which I can't put more money into. It kind of stops when you get out of the military. I'm trying to figure out what my next financial move for growth would be. Well, I mean, when you move to Spring Hill, I assume you're buying a house? I am.

Actually, my mother wants to borrow a house, so I'm going to buy her house there because the market is moving that way. And I'm going to sit on it while the market grows. And it's a family home that I've been in before. Okay, cool. So you've got a house to buy, and then you're just working your baby steps from there. You've got a new career. You're putting 15% of your income away towards retirement.

You've got your emergency fund, and you begin paying off the house and funding the kids' student loans, maybe steps four, five, and six, right? Correct. Does that sound right to you? It does. I mean, I just wanted to see if there was anything. I know you're huge into real estate. I was just wondering, do you recommend anything on that nature if I have all my ducks in a row? You're going to have the house paid off that you're living in?

I will have about half of it, over half of it paid off. So I'm going to use the 15-year that you recommend. Okay, good. You're going to pay a bunch of it off. Put it on 15-year. Pay it off early. Once it's paid off, I would start saving and investing, filling up all possible retirement accounts

and saving and investing towards buying some real estate that I pay cash for that's income producing. And that's what I did years ago. But I want to get your house paid off first. Maybe step seven is when we start investing in paid for real estate. Okay, awesome. Hey, man, thank you for your service and your wife as well. We appreciate you calling in. Jessica is with us.

Jessica is in North Carolina. Welcome to the Dave Ramsey Show. Hi, Dave. Thank you so much for taking my call. Sure. How can I help? So I'm in a dilemma. I love my job.

I've been there about three and a half years. Currently make $87,000 a year. I did get a job offer in the same industry, in the same job for 110. Now, when my employer found out they did increase me initially to 97 starting in September. Um, and then when they realized I was actually given the job offer um because they knew they knew that i was in conversation um they said they would increase me to 103 in april and make up the difference in bonus the other thing about the other job offer is that it's 110. Benefits and cost and 401k, all of that is basically the same, apples to apples. But I can make additional compensation on that end because any clients

that I would bring in, and I'm in the health and benefits field, and I work with corporate corporations to implement their health and benefits, I could make 10% of first-year revenue on any clients I bring in. And at my current position, I have brought in clients in the past, but you do not get any compensation on that. So the reason that I'm torn is because my spouse is what's in the police officer for many years. So he doesn't believe in really changing jobs and being loyal to your job. And he feels that I need to stay put.

Eventually I would make the money and I need to be loyal to my supervisor who brought me in and I have a very great relationship with her three and a half years ago. With that said, we are in debt. A lot of debt. Over $80,000 in debt. Well, the difference in income is very, very small, so it doesn't really help you get out of debt much. It's more about your future and what you want to do, okay? So the company that you're working for is medium to small in size isn't it um no it's actually a um it's uh nationwide it's worldwide oh it's a big deal okay all right because i'm surprised because they they jump so fast on you

on helping you with the income usually that's more of the attribute of a small company uh the big companies usually just go well well they just that's we pay, you know, and they kind of don't care. But in your case, they did. So here's what I might do. Obviously, you've discussed this with your friend who's your supervisor several times, okay? And you have already said similar things to what I'm going to tell you, but you're going to say it one more time, okay? Okay. And that is, okay, I don't want to keep coming back in here.

I feel ridiculous doing that. Okay. And that is, okay, I don't want to keep coming back in here. I feel ridiculous doing that. Right. But, you know, you've been a good friend to me, and here's what's laying on the table. Have you told her their whole package? Yes. Okay. And their only reaction was 103 and then in April 110. In April.

No, no. 103 in September. 97 in September. 103 in April. no 103 in september 97 in september 103 and 103 in april and make up but make up the difference in 103 and 110 with bonuses well i would be eligible for up to a 15 bonus based on what on my on my base salary but okay so the 15 bonus is not based on you bringing in new clients no okay all right and just say okay i am willing to stay with the bonus that you're offering and i really think it would be reasonable for me to request that you guys start giving me some kind of spiff like 10 on the clients i bring in and if we can get that get that, I'm not going to come back to you and renegotiate this again.

I'm not going to keep coming to you because that's wrong for you to come six times in there with every time and just keep one up and I'm in one up and all right. And just go, if I get this deal, I'm going to turn the other people down. I'm going to walk away. But I really, you know, I need to be, I need to have something that's pretty close to this because otherwise I've got to look at it. Because let me just tell you, they're not going to be loyal to you. Your husband's wrong about that.

The big company has no loyalty to you whatsoever. And if they fire that supervisor for one reason or another in the morning, you have absolutely nothing tethering you to this whole organization. It's not just about the money, but in this case, it's just about a negotiation. And just go gently, kindly go, help me solve this problem and see if they can. Carla, Carla in California, welcome to the Dave Ramsey Show. How are you? I'm great. How are you, Dave? Better than I deserve. What's up? I have a question regarding my gut snowball. I have an indexed universal life policy. I know how you feel about those.

I'm currently paying $500 a month, and I'm wondering if I should stop this, and if so, if I should cash it out and use that towards my debt snowball. Yes, yes, and yes, after you get your term life insurance in place. How much life insurance do you need? Well, I probably need about $1.5 million. I currently have $200,000 through my work. So you make $150,000 a year? Yes. Okay. And you got $200,000 through work, so you're going to get $1.2 million, $1.5 million.

Okay, cool. And how old are you? I'm 51. Okay. And have you priced term insurance? I actually just went to Zander.com today. What did it say? It's for a 1.5 that I was looking at.

It's about a 289, I think, for a monthly for that policy. Perfect, which frees up 200 bucks a month to do other things like invest, and you'll end up with a lot more than you would have in an IUL. Awesome. Are there any questions that I need to ask or penalties that I will pay for cashing this out? Nope. Okay.

Make sure you get your term insurance in place before you cash it out because I don't want you to have a gap between coverages. Sure. Okay. And then the last thing is this. They may yell at you and say you're going to have a gap between coverages sure okay and then the last thing is this they may yell at you and say uh you're going to have capital gains it's very very unlikely you'll have capital gains your basis in this policy is over six thousand dollars a year how many years have you been paying into it yeah i've been i've been putting into it since 2013 so six years at $6,000. So you got like 36, 37, $38,000 in it, right? Yes. And how much

is your cash value? A 172. Face value is what they're calling it. No, that's not face value. Cash value. What you get when you cash the policy in is not 172 um then i'm not sure i just i just know that it said the face value is like 172 on the face value yeah that's but that that's not you need to find out what you actually get anything you get over forty thousand dollars in actual cash in your hand um is going to be taxable okay because your basis is what you have put into it. And you almost never get more out of them than you've put into them. So that's why there's no gain usually. But if you get $80,000 out of it, then you're going to have a tax.

And the difference in that and whatever you put into it, which is your basis, around $40,000. So you'd have taxes. If it's $90,000, you have taxes on $50,000. I don't think you're going to see that. But if you do, pay the taxes and get out of it anyway. Okay. All right?

Okay. Perfect. So awesome. I look forward to seeing you for my debt-free screen. We're ready for you. We have a debt-free screen stage right outside the window here. It's a little stage. It's about six inches high, so it's not too intimidating.

But it's a special place with all kinds of, you know, for you to mark that moment, you folks, when you come to the new building to do your debt-free screams. It's going to be a blast. Thanks for joining us. Open phones at 888-825-5225. Ash is with us in California. Hi, Ash. Welcome to the Dave Ramsey Show. Hi.

Thank you. I'm $60,000 in debt. I got your book on Saturday. I made the decision to give notice in my place where I'm living now on Sunday. I found a place to live on Monday where I will save about $1,200 a month in rent. Yay. My question is, I currently own a small business where I work as a private chef. I make about $126,000 a year. Good. But business has been really slow and I just got hit with a bunch of, excuse me, just got hit with a bunch of state fines because I had an accountant that I didn't know was screwing me over for the last couple of years. So I actually have a job interview in about an hour, and it reduces my income by about 50%. Why would you do that?

Because I'm broke right now. I'm broke. Yeah, but, I mean, do you have the ability to go make $125 and instead you're going to take $60 because you're scared? It's slow. My business is slow right now and I got wiped out with everything that I had in my savings

from the state taking what they estimated I owed them. Are you square with the state now? For one year that I owe, yes. Okay, so we're at ground zero again. Okay, so we're sitting here looking not at the past, but we're looking into the future. I take a job and I make $60,000, or I go back and make $125,000 again as a private chef.

What's wrong with this equation? I do both maybe i don't know i'm just i know i'm coming from a place of fear and i don't want to make the wrong decision yeah okay well i mean if you do you think that it is possible for you to make 125 000 again as a personal chef and if not why i do i think it's going to take maybe three or four months to get that traction going again. Okay. And how much do you think you could make as a personal chef as your side hustle? Probably about 80. Okay.

80 and 60 is 140. It's better than where I'm at now and you got some runway with the 60 so yeah if you take the 60 job and don't abandon the dream and you keep the dream as your side hustle on your side hustle makes you more than your new job makes you yeah we do that but we take 60 and huddle in the corner and suck our thumb because the state state smacked us into next week because our accountant screwed stuff up no that's all in the past yeah i'm a single mom and she's three years old and i'm i'm two and a half years sober you're scared yeah two and a half years sober good for Good for you. So what were you addicted to?

Alcohol. Oh, wow. Well, great. Way to break it. You see, you're getting your life back. So it's okay to take the 60. I just don't want you to cow in the corner there permanently. I hear you.

I hear you. Because what can happen, you know, there's two things that happen when, it's the same thing with alcohol. Okay. There's two things that happen when bad things come at us that we brought onto ourselves, sometimes because of ignorance. Okay. We learn from them and we adjust and we're better. Or it sends us with our tail between our legs packing into the corner and we hide.

Okay. You face the alcohol thing head on. You took it on and you won way to go two and a half years you've been dry i'm so proud of you that's awesome thank you okay the same thing is true here with okay now what we're going to do is we're going to face stupid accountants and business problems head on because let me just tell you the rest of your life you will never again count on everything an accountant says you're going to double check everything everybody says yes sir you learned your lesson absolutely expensive so that yeah you get you got a degree in stupid accountants

you know you got your degree in it you passed you passed the test and so now you'll never do that again i i got a lot of things around here that have scars on me because i did stupid stuff or somebody did stupid stuff that i let happen and uh so there's a lot of things around ramsey we just say never again never we never do that because it hurts when we do it it's just stupid leaves a mark you know and so we don't do that anymore we don't do that anymore it hurts when we do it it's just stupid leaves a mark you know and so we don't do that anymore we don't do that anymore no never no never never and so you have a never in your business and what may happen is um the uh it may happen that that your business flourishes and you quit this job that you take today in 18, 24 months.

Which in chefing is really not that unusual anyway. The number of times a chef stays in one location for a decade is almost zero, agreed? Right, right. So it's just part of the restaurant business that things just change and it's upheaval and volatile anyway. So it's not that stable anyway. But it's a safe place for right now for you to lick your wounds a little bit, heal emotionally, and step back out there again. So, yeah, I would take the job, but keep the side gig alive

and grow it back up again. And now you're making 150 side gig and thing together. Pretty cool stuff. That's what I'd look at. You got this, kiddo. You can do it. You call me back if you need some help. This is The Dave Ramsey Show.

This is James Childs, producer of The Dave Ramsey Show. Did you know you can now listen to The Dave Ramsey Show on Pandora and Spotify? For all the ways to watch and listen, check out our show page at DaveRamsey.com slash show.