The Ramsey Show - App - Dave Explains Low Turnover Mutual Funds (Hour 3)

Episode Date: May 6, 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. You jump in, we'll talk about your life, your money. It's a free call. 888-825-5225. That's 888-825-5225.

Jade is starting off this hour in Columbia, Maryland. Hi, Jade. Welcome to the Dave Ramsey Show. Hi, Dave. Thank you for taking my call. Sure. What's up? I will be graduating from college in a couple weeks, and I'm not sure if I should follow my passion and start my own business,

or if I should take on multiple part-time jobs to pay off some debt and then start off more with a bang. And taking a full-time job is not a possibility? It is a possibility. I've found that I highly dislike working for other people. I actually started this business last year and it did really well. Yeah, but one of your possibilities you put on the table was working for three different people, part time jobs. Yes, that's true. Okay, so working for one person in a full time job is not any different than that except

there's only one. That's very true. Okay, so what for one person in a full-time job is not any different than that, except there's only one. That's very true. Okay, so what's your degree in? Animal care management. Say it again. Animal care management. Animal care management. And so what does that set you up to do?

What I would like to do is have my own boarding and dog training facilities. Is that what the degree field trains you to do? Yes, partially. It trains me for a variety of animals, including livestock, exotic animals as well. Okay. And so a veterinarian that has a varied practice might have a use for you. Yes. On their team.

Yes. Okay. And so starting your business would look like what? What kind of a business would you start? Boarding, you said? Yes, boarding. I did just recently get my dog training license so i could do that as well um but it would be out of my parents home so that's another thing i want to

get out of my folks home as quickly as possible okay all right that's not a bad thing how old are you i'm 22 and how much debt do you have i have about 8 000 okay. Okay. Not bad. That's good. Okay. All right. I think you take some steps that give you an education to a further, a series of experiences that more qualify you to run your business, which so your passion, your dream does not turn into a nightmare. It would be very easy for you to go into debt deeply to start this business,

and that would be a really bad thing to do because you don't know what you don't know. I don't know what I don't know, and I've been running a business 30 years, and what you don't know is what will kill you. It's what you do know that will get you started. And I want you to live your dream. I want the 32-year-old Jade to be owning and operating a boarding and training facility. But let's take some steps to get there. Okay?

So I would go talk to a couple of veterinarians that have a large animal and exotic animal practice and that have a need for a dog trainer to be around and i would attach myself to them and i would build my brand with that veterinarian and with local owners of animals to where everybody gets to know jade jade works over at that place and jade is a rock star dog trainer and jade this and jade that and if you want something done with an exotic animal jade jade works over at that place and jade is a rock star dog trainer and jade this and jade that and if you want something done with an exotic animal jade's the one to call and she works over for doc so-and-so yes and then that brand will transfer when you decide to open up your own shop and you'll learn a lot about running a shop from that veterinarian and let me just tell you it is very difficult to

be a leader until you've learned how to follow very difficult i know because the reason i went in business for myself at 22 is because i was stubborn hard-headed and arrogant and i couldn't work for anybody and it almost got me killed so i'm speak from experience um i think that you know you'll be a more polished and experienced and brand built version of you you'll know things that you didn't even know sitting here today that you don't that you needed to know about running a shop when you're 32 so i think you're going to start your business at about 27 or 28, and that's about a five-year track, almost like an apprenticeship for you.

Okay. If you were my daughter, that's what I would tell you to do. And I believe in self-employment as much as anybody you'll ever meet. I've worked for myself my whole life, and I've done it wrong and i've done it right but i could i mean with the exception of a couple of short stints after college but you know i think you can learn a lot in 24 to 36 months maybe even 60 months working for somebody and set yourself up

financially to open a shop set yourself up brand to open a shop and set your business acumen at a different level in order to open a shop. And I think you're going to do it. I think you're going to be great at it. That's what I would tell you if you were my 22-year-old daughter. All right, David is with us in San Antonio, Texas. Hi, David, how are you? I am super. How are you, sir?

Better than I deserve. What's up? Well, I am 65, total household income of approximately $125,000 a year. Amazing. And my question has to do with when would be the best time to start taking Social Security, whether to go ahead and take it at 66 1⁄2 or wait the additional four years that would add a little bit to that. Well, it just depends on when you're going to die. Okay. That's the only way you know the formula, you know.

I tend to go to the, and some people don't like this advice, so you can probably find other advice, but I tend to move towards the take it sooner rather than later because I don't know about the future. And once the money is in my hand, I can control the money. And so if you just take it and invest it, every dollar you make during that four years in a lump sum in a good investment will probably produce more than the difference in the payment would have been. See what I'm saying? I understand.

So they add up the four years' worth of income in a lump sum, invest it in a mutual fund, say 10%, 12%, something like that. Is that income at that rate on that lump sum going to be more than the difference of the payments? It usually is when i run the calculation and so it's just like social security is just a you know it's a butt on it's a tick on our butt it just sucks the blood out of us our whole life and then it gives almost nothing back in comparison to what it has taken and so i'm just kind of in the school i'm going to get as much from them as quickly as i can because i never know because listen if you die literally at 67 or 68, I mean, you got completely screwed over in the system, right?

Because you got nothing back and all the paid in your whole freaking life. And that's what supports the disastrous program. It's a horrible, horrible program. It's a negative rate of return of about 4.5% of your life. And that's if you live average lifespan. So I get it as quick as I can get it for those reasons. More philosophical.

There's no proven process that says absolutely one way or absolutely the other. It's a preference. My preference is get it away from them as fast as I can because they made me give it to them in the first place. I've been telling you for years that everyone needs identity theft protection, but an actual Facebook post really drives home my point.

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Hey, this just proves that everyone is at risk. So getting yourself protected is a necessity. Go to Xander.com or call 800-356-4282. It's the smartest, most affordable way to protect yourself. And your kids are covered for free on their family plan. It's the only plan I use. Thank you for joining us, America. You probably heard that we have a pretty big giveaway going on this month. The Ramsey Fuel Your Summer giveaway. The good news is even if you don't win a prize, you can still win with money and other ways. Saving on insurance is an easy way to do that.

And the best way to make sure you're saving as much as possible is to work with an independent insurance agent that shops among a bunch of different places to get you the best deal. And that's why we recommend independent agents in our endorsed local provider program, our ELPs. To save big time on your car and homeowner's insurance, go to DaveRamsey.com slash ELP and click on insurance. DaveRamsey.com slash ELP and click on insurance. Violet is with us in Kansas City. Hi, Violet. How are you? Great.

How are you doing? Better than I deserve. What's up? Hey. How are you? Great. How are you doing? Better than I deserve. What's up? Hey, so I am just recently engaged, and my fiance, he actually lives in Dominican Republic, so he doesn't have a lot of money. It's like a third world country. I am $42,000 in debt, and I want to get married to him, but I'm just nervous because I know I'm on like step number two of paying off my debt, doing the to him, but I'm just nervous because I know I'm on, like, step number two of paying off my debt during the debt snowball.

And I'm just wondering if it's a good idea to get married knowing that I will have student loans left to pay. I don't mind folks getting married in debt at all or having babies while they're in debt at all. None of that is a problem for me. The only problem is if you're not on the same page that we're going to kill the debt. Right. And we're going to both work like maniacs to cause that to happen. So has he got a job? He did have a job as a mechanic, and then for some reason now he doesn't have it anymore.

Some reason? That sounds kind of vague. Yeah. I mean, his explanation was that their management got hired on new people, so now he doesn't have the job. So that was his explanation. Okay. And how long have you all been dating?

We've been together for nine months. And how old are you? I'm 23. And he is how old? He's 22. And he's from the Dominican Republic? He lives there. He lives there? Yes. we have a long-distance

relationship where would you live were you married so um once we're married we'll have the process of him coming here right yeah okay um and he was an auto mechanic in the dominican republic he's a mechanic on whatever like i was i'm not sure of like what he specifically did so there's like the language i'm learning spanish i'm an intermediate to fluency and he doesn't know any english i know this sounds weird but my understanding was that he is just basically a mechanic i've seen he i've seen pictures of him going to work and all that stuff, but I'm not sure what he specifically worked on. How many times have you met him in person?

Four times. Okay. I go back and forth and travel over there. Right. Okay. All right. Well, here's some things. I don't mind you getting married i don't mind him coming

here and he's going to get a job and you guys work together and make a lot of money and pay off the debt and live happily ever after okay that's one option um i am obligated because of this show to tell people what i would do if i were in your shoes. I have a 30-year-old daughter and a 34-year-old daughter and a 27-year-old son, so I've got kids older than you, okay? Yes. That are all married. And I've been in the Papa Dave chair, we call it, quite a bit over the years. And so I'm going to change hats from financial guru to Papa Dave and tell you a couple things that I would tell you if you were my daughter.

Okay? Okay. Number one, it has been known to happen that folks who want to come to this country will do anything to get to come here, and anything includes talking someone and conning someone into marrying them. So I'm not saying that's happening, but that flag went up in my head hearing this story. So I want you to just be careful, be wise, and be very aware. Do not be a naive person who gets taken advantage of, and you call me back later with a disaster, please.

I don't want pain to come to your life, okay? Yes, sir. Okay, so you watch for that. Number two, sometimes people from other cultures will work rings around Americans. Their work ethic is 10x of the typical American. Sometimes from people with other culture, our hound dog in the sun lazy on the front porch don't work much, people. Mm-hmm.

I am not hearing things I like in your description of his job and his job loss. I've seen pictures of him going to work. Statements like that scare the crap out of me as Papa Dave for my young daughter I'm talking to, okay?

Yes. Like, I want some, as your surrogate dad here for just a second, I'm not, but I'm just speaking like that, okay? But I want some proof that this young man is a diligent, hardworking young man, and that he didn't lose his job because he was smoking so much reefer he couldn't crawl to work. I really want to know that before he marries you, because I want you to have a good life. So I want you to know that you know that you know that he's marrying you for you, not for

an option at citizenship i want you to know that you know that you know that this young man is a diligent hard-working young man who's going to serve and love his wife well by working his fanny off once he gets here and that he has a track record of doing that not just promises and you have a language barrier and a culture barrier to figure all this out in this is this whole process is fraught with danger it can work and it might be okay and i might be just being paranoid i do have the gift of cynicism but but yeah but i'm just this is what i heard in a short conversation and so did 16 million people listening to this conversation. They're all going, uh-huh, uh-huh, uh-huh, because I wasn't the only one that got scared when you started talking about this.

So you've got a language barrier, a culture barrier, and a couple of con situations that you need to make sure are not cons before you go forward if this is a stellar young man and he is all that he claims to be and he comes here and works his tail off for the good of his family and his wife you will be just fine i am not worried about your debt at all you will work your way through that i hope you didn't take that wrong because i did take my muddy boots and walk all through your house there but um that's just what i do just because I care about you and I want you to win. And I don't want to just drive by this and act like I didn't hear those things because I heard them. So you be good.

And I hope this works out. Please be wise, wise, wise. Wisdom is different than intellect. Please get somebody else in your life to walk with you that looks in on this from the outside, that loves you, and that has wisdom. Whether it's a dad, a mom, a sister, a brother, an uncle, a pastor, I don't care. Have somebody look over your shoulder and make sure that you don't have stars, lovey-dovey stars in your eyes and you're blind.

Do that for yourself as a gift to yourself. That's what I would tell you if you were my own daughter. I hope that helps you. Well, the Dave Ramsey show's changed a little over the years. I just used to answer questions from my friends. Now they're all my kids. Okay. That's what happens when you get old and you keep doing a show for 30 years.

You guys all used to be my peers. Now with YouTube, they're all 22. Oh, my God. Oh, well, that's what we do here. Hey, I'm going to answer the questions here. If you don't want that kind of advice, if you don't want me to tell you what I think, if I were you, what would I do in your shoes? Don't call.

Because I'm obligated once you asked. And I'm an expert on my opinion. I'm obligated to love you well. try to help you as best I know how. Some of you out there might not agree. That's okay. Get your own show. This is mine. And I have to do in good conscience what causes me to put my head on the pillow at night and go right to sleep.

Takes me about 13 seconds. This is the Dave Ramsey Show. We'll be right back. In the lobby of Ramsey Solutions, Michael and Kristen are here. Hey, guys, how are you? Dave, we're fantastic. Welcome. Where do you guys live? Columbus, Ohio. Welcome. Good to have you. And all the way down here to do a debt-free screen.

All the way down here. That's right. How much have you paid off? $125,000. Woo-hoo! How long did this take? 27 months. Wow.

And your range of income during that time? At the beginning, it was at $55,000, and at the end, it was all the way up to $130,000. Wow. Very nice. What do you do for a living? I'm an attorney. I'm a marketing analyst. Oh, very good. Very good. You guys you do for a living? I'm an attorney. I'm a marketing analyst. Oh, very good.

Very good. You guys are killing it. Great. So what kind of debt was the 125? What'd you people borrow on? A lot of education, Dave. Seven years of it. Well, you're a lawyer, huh?

That's right. Seven for me, four for her. So most of it was Sally Mae. Most of it was you. Most of it was me. That's right. That's right. Let's be honest.

How much of the 125 was law school debt? 75, 77. Okay. So another 50. And's right. That's right. Let's be honest. How much of the $125 was law school debt? $75, $77. Okay. So another $50 and some of that was Kristen's. How much of that was yours, Kristen? About $35 and then we had I had a car as well. Okay. Alright. Cool. Good for you guys. How long have you been married? Two and a half going three years in September. Okay. So

soon after marriage, I guess you were probably just getting out of school then too. Yeah. We start life and we start marriage. And you look up and go, oh, my God. You said. We've got to do something here. Tell me about it. What lit the fuse on you two?

Well, just, you know, planning for marriage. We couldn't think of a better foundation to put the marriage on. It has to go right from the beginning. We kind of start off on this team building, teamwork event. That's a good word. I like that. Yeah. So,

you know, also we got married in the fall of 16 earlier in 2016. I lost my older brother to an overdose. Oh no. Um, so I saw two little girls left behind, um, without their father.

So I really clearly saw the importance of changing your family tree. Um, so that along with just this plan of, we want to build our marriage to be the best it can be right from the start you know there was really no nobody was drug kicking and screaming we got on board right from the start the two of you both looked at it as a great way to start oh yeah oh yeah okay so um yeah a friend of mine i was passed away a couple years back and two other friends me and another guy were speaking at the funeral

and he said something at that funeral that i'd never heard and i thought man that is a truth right there he said there are two things that reset your life they're the tuning fork for your life you reset your you tune to a tuning fork you tune the piano you tune your life to this tuning fork it resets and that's a birth and a funeral. And they both make you go. They make you stop and look at bigger things, more noble things, more important things than simple consumption. Oh, yeah. And that's what happens.

I'm sorry for the loss of your brother. Yeah, thank you. I'm proud that you guys chose to react to it the way that you did. You reacted to that tuning moment. You tuned in and said, okay, we're going to live with all the gusto, baby. We're going to clean this mess up. So did you go to Financial Peace University or how did you learn how to do it? We did not. So I had a friend of mine, Chris, mail me your book about six months before the wedding. He said it's an early wedding present. I tore through it. She tore through

it. I had a commute at the time, so I was relying on your podcast a lot. I basically have a GED and FPU. I could teach it myself if I had to. You probably could. I didn't know we had those, but that's good to know. So, you know, I just learned that way without FPU and we put the principles in play

real quick. Very cool. What kind of law are you practicing? Real estate. Okay. Real estate and estate planning. It's a great field. Very, very good. Very good specialization. Good.

Good. So, Kristen, what was the biggest thing you all learned from this journey? What's the secret to getting out of debt? Honestly, it was communication. We really held each other accountable and were each other's partner throughout the whole thing. And I think that that was the hardest but also the most helpful part um and i think the biggest like learning curve was like learning how to communicate with each other on what we were going to spend what we were going to save and how we were going to get through it which one of you is the detail person the nerd and which one's the free spirit oh she's definitely detail she's the detail yeah

okay so she dialed the plan in, cracked the whip on you. Oh, yeah. To make sure you're doing it. Oh, yeah. Good. All right. That's good. Now you're working together.

I'm kidding. Yeah. But yeah. Yeah. You got to have that. I mean, that administrative skill is part of the equation. Oh, yeah. To cause it to work.

So very cool. So you're watching every little number as it comes by, huh? Oh, yeah. Oh, yeah. Oh, yeah. Every dollar was our best friend. Oh, you love the every dollar was our best friend oh you loved every dollar absolutely okay good well that's part of getting your ged i guess absolutely

very good so who were your biggest cheerleaders um we had a lot of friends who were supportive um a friend of mine chris julia sitting here with us today it was a lot of people internalized it and you know there was a lot of people that might not necessarily have vocalized their support, but, like, it really impressed upon them what we did. And we've seen the residual effects after we got debt-free and so-and-so paid off their car because we did it. Or, you know, family members who put down a bunch of money that they got in a bonus towards their house because they felt, you know, wow, look what they did. Yeah. Yeah. Okay. I mean, when somebody transforms their life and does the impossible, it inspires the people around them.

Sure does. And you guys did. I mean, so you told me you're how old? 28. 28. And paid off $125,000 in 27 months, making $55,000 to $130,000. Very impressive numbers. Very impressive numbers.

We got a copy of Chris Hogan's book, Everyday Million55,000 to $130,000. Very impressive numbers. Very impressive numbers. We've got a copy of Chris Hogan's book, Everyday Millionaires, for you. That's the next chapter in your story. We're not stopping now. No, we're not. Moving on to the next thing. That's right. And so you live like no one else. Why?

So that you can live and give like no one else. That's it. That's the motto. You have to be able to say the motto if you've got your GED. So that's good. That's just a great line. Fabulous. All right.

Michael and Kristen Columbus, Ohio, $125,000 paid off in 27 months. They're not a victim. $55,000 to $130,000 in income. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! Yeah!

Woo-hoo! Woo-hoo! That's how you do it right there. That is a lot of fun. Very, very well done. Open phones at 888-825-5225. Jeremy is in Bend, Oregon. Hi, Jeremy.

Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up? So I have a question about retirement contributions, 15% of income going into tax-deferred retirement. Do you have any suggestions for somebody who doesn't have a 401k at work and who also makes above the income threshold for a Roth IRA?

Is there anything other than a traditional IRA that I could contribute to? You can do a backdoor Roth, which regardless of your income, I do one every year and I'm way above the threshold. And I do one with my wife as well. All that is is you open an after-tax traditional IRA and 30 seconds later roll it into a Roth. Okay. And that's perfectly legal. Yeah, that would still be only $6,000 a year.

You're single? Yes. Okay, and you're making over $200,000 then, over $150,000. Yes. Okay, good. Well, that gets us part of the way there. Anyway, we can do that. And you're not self-employed?

I'm not, no. Okay, all right. And your company has no 401K. Wow, Correct. Well, the only other thing that's left then is I would do what are called low turnover mutual funds. Now, the way that works is this. If you buy a single stock, like let's just say you bought a share of XYZ Company for $50, and it goes up in value to $70, you do not pay taxes on the $20 increase in value until you sell it. Correct. So in a sense, it grows tax-deferred.

And when you do sell it, as long as you hold it longer than a year, it's taxed at capital gains rate, which if you're making under $400 would be 15%. If you're making over $400, it would if you're making over 400 it'd be 20 but still less than ordinary income rate so your tax rate is lower and it's tax deferred growth if you buy a mutual fund that hardly ever sells the stocks inside of it you have the same effect and that's called a low turnover mutual fund and that means they don't sell the stocks they buy and hold and therefore you're getting the benefit of deferred taxes on the growth and capital gains rate when you do cash it out. That's the best you can do. I do a bunch of that now in excess of my retirement

stuff because I'm able to still do that. Check with one of our SmartVestor pros. Ask them about backdoor Roth IRAs and low turnover mutual funds, and they can help you get something set up. This is the Dave Ramsey Show. Our scripture of the day, Romans 8, 28. And we know that in all things God works for the good of those who love him, who have been called according to his purpose. Harry S. Truman said, A pessimist is one who makes difficulties of his opportunities, and an optimist is one who makes opportunities of his difficulties.

Sean is with us in Boise, Idaho. Hey, Sean, what's up? Good afternoon, Dave. Thank you for taking my call. It's an honor to talk to you, sir. You too, sir. How can I help? I had a couple of questions.

First off, my wife passed away about three months ago now. I'm sorry. What happened? She didn't wake up, Dave. We went to sleep, and she didn't wake up. Lord, how old was she? 33. Oh, my goodness. I'm so sorry.

Okay. Thank you. How can I help you? So we recently purchased a home about a year ago up here outside of Boise, Idaho, and the market here has gone crazy. There's a lot of equity in our home, and though it was a makeable mortgage payment without her income, now it's a little more stressful.

I'm wondering if it's the right thing to do to downsize our home so I can better be there for my kids. How many kids you got? I've got two. I've got a 10-year-old son, and my daughter is 15 and has nonverbal autism. And what's your take-home pay, sir? Take-home is probably around close to $60,000, $55,000 to $60,000. So you're bringing home like $5,000 a month?

Yes, sir. Okay. And what's your house payment? $18,000. Okay. Yeah, that's a little tight. Okay. What's the trajectory of your income in your career?

Are you going up at 3% a year, or are you seeing a career ladder that you're climbing where you're going to see income increases? I would like to see income increases. Obviously, my role at home has changed, so my role at work has also changed. Yeah, that makes sense. So, four months ago. Yeah, did you have any life insurance? Uh, yes, sir, we did have life insurance on her. How much?

It was $100. Hmm. And the balance on your mortgage is what, $250? Approximately. $260, yes. Okay, here's what's bouncing in my head, and I'll give you the tools, and then you prayerfully make the decision, okay?

I love the idea of what you're suggesting, that you get the stress off of you so you concentrate on what's important, which is grieving through this and being there for your kids in a stupid house isn't worth it. Okay? That's on one side of the ledger. I like your idea from that standpoint. The other side of the ledger is, and I do believe this, for years I've told people in these situations,

if you can possibly avoid it, avoid making large financial decisions in the first six months, even to a year after losing a spouse. Because, as you know, your brain just doesn't work the same right now. It's in grief mode. And every day it gets a little bit better. Some days not, but most days a little bit better than the first day, the second day, the fourth day, the fifth week, the eighth week, the sixth month, the third month. And as the fog clears, you'll just make better decisions.

So I hesitate to tell you to make this decision because selling your home is a major decision in the fog of grief. But what I can hear from you in a two-minute conversation here what you're describing is logical to me and if i were in your shoes and i don't know how you feel about this and that's certainly up to you i'm not telling you how to feel if i were in your shoes it would be hard for me to be in the home where we lost her that would be weird for me personally. I don't know how you feel about that. I mean, I think there's some fresh start to putting that behind you as well. So all of that to say I'm probably leaning to downsizing. Those are the things on both sides of the ledger to try to make the decision what tips the scales on whether you do this.

I do not want it to be a panic i don't want it to be an emotional decision to the point that you look back later and regret it so you can take your time selling the house and get full freaking price for it um there's nothing that causes you to have to rush out of there to survive or something like that. You could hold on for six months if you had to easily, easily. And so I'm not going to price it at a giveaway price. I'm going to price it at a, I'm kind of financially happy I sold it. You know, you've got some wonderful memories there,

and then you have that one morning when you woke up and it was a horrible memory, and that's there, and then you have that one morning when you woke up, and it was a horrible memory, and that's there, too. And both of those things are going to go when that house goes in terms of, you know, physically visiting the location. Does that make sense? It does, sir, yes. Yeah. And so you're in your early 30s as well? No, sir, I'm in my early 40s.

Okay. And she was 33, you said? Yes, sir. She was eight years younger 40s. Okay. And she was 33, you said? Yes, sir. She was eight years younger than I. Okay. Okay. Well, I don't know. Does any of that make sense to you? It does. Okay. So it's tough to make a decision in really, really tough times. And it's hard to make good decisions in really, really tough times.

But the physical location and the financial pressure being relieved both make me think it's probably a good decision. But it's not like if you told me the house payment was $4,000 a month, well, you've got to put the house on the market. It's gone. You can't survive. You know, it becomes an emergency then. You see what I'm saying?

Yes, sir, I do. But you've got a $100,000 cushion, and you're a little high on the house payment, but you can make your budget. You can make this stuff happen here, and then you can make some decisions. But try not to make any big financial decisions. Like, you know what, here's an idea. I hate to do that with two kids, though. I almost would rent for a year and just kind of let things settle before I buy. My fear there, Dave, is because the way this housing market is going,

in 12 months' time, I might be priced out of the home. Yeah. Yeah, you're not going to be priced out of the home. And I don't function on fears of that type when I'm doing this. I think the inconvenience of the two moves have probably superseded for me. I'm not panicking about the market going up. Markets that come up super fast come down. So I'd just as soon not ride one.

I'd just as soon not be chasing one that's going up with a fear-based decision. But just the inconvenience with an autistic child and all the other stuff you've got going on, I probably wouldn't do two moves. I'm thinking out loud with you right here in front of a whole bunch of our friends that are all praying for you while we're talking, okay? Because I don't know what else to do. But, yeah, I think I'll sell and I'll move down.

But I'll add this to it. This popped into my head. When you purchase the next place, you do not have to commit to stay there 20 years. You can move again. Because there's going to be another chapter that happens three to four or five years from now. The chapters are going to unfold in your life, in your journey.

And so whatever you buy don't feel like it is like locked in and forever it's just a house you can get another one and you move back up as your income and career take back off and things start to settle and you have a different process for caring for the kids and you guys have all three gotten um the other side of the worst of the grief you'll always have the grief but you get the other side of the worst of the grief. You'll always have the grief, but you'll get the other side of the worst of it to where you're functioning at a higher level again. And that just makes you a human being, man.

Some days you just can't breathe in these situations. And that just makes you human. It really does. Sorry to hear that, man. And if we can help further, you call us at any time. Our team will be honored to walk with you, to help you facing some tough stuff see this is not a financial call-in show if you hadn't figured it out by now they've already talked to a young lady getting married to a guy in another country um talked to a recently widowed guy.

I mean, there was some financial advice this hour, but this is a show about life. It's a show about stuff, man. And you and me, you listeners, we appreciate you being there. You callers. And we're doing this thing together. Trying to figure it out as we go. Some of it I've been there, you callers. And we're doing this thing together, trying to figure it out as we go. Some of it I've been there before you, and I can show you exactly what to do. But this is a show about you learning to win and you walking through the scars and the bumps while you do.

That puts us out of the Dave Ramsey Show and the books. We'll be back with you before you know it. In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. 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.