The Ramsey Show - App - Dave Ramsey's Right Again (Hour 3)

Episode Date: March 14, 2024

МУЗЫКАЛЬНАЯ ЗАСТАВКА МУЗЫКАЛЬНАЯ ЗАСТАВКА Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. I'm Dave Ramsey, your host, Dr. John Deloney, host of the Dr. John Deloney Show, number one best-selling author, and Ramsey personality is my co-host today. Open phones at 888-825-5225. That's 888-825-5225.

Matt is with us in Minneapolis. Hi, Matt. Welcome to the us in Minneapolis. Hi, Matt. Welcome to the Ramsey Show. Hey, Dave and John. Thanks for taking my call. Sure. What's up? I have a, my wife and I have been debt-free, 100% house and everything for five years.

We are baby step millionaires and are currently in the process of going to build a new home. Good for you. Our existing home, our oldest son is interested in buying. It's worth about $365,000. He can only afford about $250,000. 250. So I'm wondering your opinion if, you know, writing up a contract and covering all the D's, as you say, like in a partnership, percentage of ownership that comes out, he don't 65%, would retain about 35% ownership. Is that a bad idea? How old is your oldest son? 24, married, and two grandkids.

Okay. But we do have two other children. The middle child has already bought his. He bought a house. So what is your total net worth, Matt? 1.28. Actually, I was going to try to call yesterday. Oh, congratulations.

How old are you? How old are you? I am 47. Okay. And what do you make a year? The last couple of years have been incredible. I'm an over-the-road truck driver um completely my own carrier and with covid and the supply chain i've done two to three hundred thousand on my own the last couple years but

how is uh how is your health how is your health um good okay all right not perfect but so if you don't let's pretend you had 1.2 and let's pretend it made 10 every seven years it would double okay and so it'll be 28. When you're 68, it's 10 million. Okay? So if you make it to 70 years old and this money continues to grow, and some of it's in real estate and personal homes and those kinds of things, but it grows in value, right? And if you continue to invest and if you continue to add to it, on top of that, it's even more.

But you should have $5 to ten million dollars at your death that's a reason that's why i was asking you all those questions all right uh so what i would do here if you're going to do this um i would never do a partnership ever because you and your son will be just fine but this puts a different pressure on your daughter in law that's not fair to her you've interfered in their marriage you didn't mean to because you're sweet and you love your grandbabies but you would don't do that what i would do instead is uh if you want to sell him the house for 250250,000 and it's worth $350,000, he just got $100,000 less at your death. Okay, so put that in the will. That he gets $100,000 less at your death.

Okay. Now, he owns this house. He has no strings attached. He could sell it. He can paint it purple. He can go on vacation. It's none of your freaking business. He owns the house.

And all you advanced him was 100,000 of his future inheritance. Yeah, because that was kind of what we'd already thought is maybe in five, 10 years they could refinance and buy the rest. Nope. I don't need this monkey on his back. He's 24 with two kids. Yep. Okay.

Okay. Or the other thing is we could just say out loud that Papa Dave over here understands that Papa Matt has grandkids disease because when you love your grandbabies, you start doing stupid butt stuff for their parents if you're not careful. Yeah. And you might have grandkids disease because it's okay if a 24-year-old can't do a $350,000 house. It's perfectly okay in society.

Yeah. So no is a possible answer. But if you want to do it, that's the way to do it. And I would even say a third option is give them the grandkid discount just to say I'm gonna eat a hundred thousand dollars in equity of quote unquote what you got to pass that on to the two siblings somehow yeah that's what i was yeah that's that's my reason for yeah but yeah i do like the idea of writing it in the will and we already have a trust yep and you know unless you're sick you're

probably going to have several million dollars it's not going to be that big a deal for 100,000 of it to be out of his. Can you sell this house, though, and not have any strings attached? If he wants to plow up the front yard and put corn in it because he watched a YouTube video. Are you fine with that? Yes. No, there was a. I don't like that. That was a stretched yes.

You need to be able to come home and realize you got all the carpet up took all let's pretend he went and bought a house on his own that had nothing to do with you you can leave your hands off of that can't you yep then you got to leave your hands off this one okay if you can't do it don't do it it's a stupid butt house don't let this mess up grandpa land yeah it's not worth your son or your grandkids. Well, yeah, that's the emotional. We've been there 21 years. He grew up there.

Well, how's the sisters going to feel? How's the sisters going to feel? Well, I said the middle child, they already bought a house. The youngest. That wasn't what I asked. I didn't ask if they were homeless. I asked how they were going to feel. I don't know.

Probably would be some jealousy there. Yeah, I probably want to talk about it, make sure everybody's okay with it. This is what we're thinking about doing, sisters. You guys cool with that? That's why we do it at Ramsey's because we do all kinds of wacky stuff around the Ramsey's, but we always just say, hey, that's what we're thinking about doing. How's everybody feel about that? And sometimes you just put the awkward crap in the middle of the table.

It diffuses it. I don't know of a situation. I'm becoming more and more dogmatic about this, Dave. I don't know of a situation where not just putting it on the table isn't the best way to do it. It's the only way. Yeah. It's the only way. Yeah. It's the only way. Unless somebody on the other end is bent on hurting you

or they don't have the capacity to hear what you're saying, you've got to put it on the table. Well, even then, I gave them a shot. Right. And then I could just put up a boundary on the other side. There you go. I gave you a shot at understanding. But if you know, we lived there 21 years.

All our memories are there. I have that wallpaper there on purpose, I put that sink in there, and that's my sink, then don't do it. Not anymore. Yeah, you don't own it anymore. You can't control freak this. And it'd even be worse if you were partners. Probably better if you just don't do the deal at all.

But if you do it, I gave you the mechanical way to pull it off, and you've got to keep your emotional hands off of it, and the sister's got to be okay. This is The Ramsey Show. Dr. John Deloney, Ramsey Personality, is my co-host today. Matt wanting to sell the house at a discount to his 24-year-old son who can't afford a $350,000 house but can afford a $250,000 house made me think it's a good idea to update what's going on in the real estate world.

The interest rates started going up and the market started slowing down dramatically about 15 or 18 months ago. And we did a live stream where I very emphatically said the real estate market is not going to crash values are not going to tank and here's how I know that and I went through several data points on the air and we had several hundred thousand of you watch that live stream and we covered some of that on the air here to let you know that the real estate market values were not going to tank because a whole bunch of people were really upset that interest rates had gone up they felt that they that the system had cheated them and they were not going to be able to buy a home they were frozen out of the home

market and they would sit on the sidelines and wait on the real estate market to crash and go down in value and i explained to you why estate market to crash and go down in value. And I explained to you why it was not going to go down in value, and it was a very simple proposition, except I went into great detail. I'm not going to do right now. But basically it works like this. When there is a shortage of an item, it's called supply-demand curve in economics. If you had a decent economics class in the seventh grade, you learned this. Okay?

The supply-demand curve works like this. When there is an oversupply of an item versus the demand, if you've got a glut in the market the if you can get them anywhere easily there's not a shortage prices go down when there's basic economics, okay? So items that are scarce go up more often than not. Items that are easily available, readily available, widely available, there's too many of them produced go down in value. Does that make sense?

Everybody kind of knows that that's kind of common sense if you think about it. So here's the deal. There is less inventory of homes for sale versus the number of buyers today than there has been in 25 years. There's a shortage of housing versus the demand. Zero chance prices are going to go down on houses during that time. I said that 18 months ago. Told everybody that.

Dave, that video is not going to age well after the crash. crash you're gonna have to come back and tell people you were wrong well instead i'm here going now i freaking know what i'm talking about okay there's a difference all right i know a little about that stuff i've got a degree in real estate i've been buying real estate since before any of you were born so hardly any of you so spring. So, hardly any of you. So, spring is upon us. It's predicted to be another busy time for real estate. This is some stuff we just picked up out of the press. Average interest rates for 15-year fixed rate mortgages are at 6.16% right now,

down from 7 and some change just a few weeks ago. So, interest rates are trending down. Total housing inventory at the end of January was up 2% and up 3% from a year ago. Unsold inventory still sits at a three-month supply, and there is a tremendous number of new listings coming. So we're starting to see some supply come back into the market. That's what we're seeing. But we're also seeing buyers come back into the market that were sidelined, waiting on interest rates to go down or waiting on the crash. And for people who don't believe that, I bid on a house a week and a half ago, two weeks ago, and I got outbid by four different buyers.

There's a lot of multiple contracts are coming back. That's what the National Association of of realtors is reporting this okay low inventory has driven the median home price up to an all-time high prices went up they didn't crash you were wrong they went up to an all-time high of $379,000. That's the median home price in America. In February, homes went from being listed to going under contract in 17 days, and they were at 27 days. So they're selling faster. The market is heating back up. And this slight move in interest rate down,

the grass getting green in some of the markets, we're seeing the real estate market heat back up. We're seeing multiple offers in big markets like Nashville again. And let me tell you, I got my real estate license in 1978. The number of years during that, between 1978 and now, that you put a home on the market and you got multiple offers, it's been a very rare time but prior to 2020 we were seeing some of it and then of course after Fauci's pandemic

we saw people go crazy and they came out of their homes they were quarantined and came out looking for new houses like a Baptist looking for a casserole they were everywhere man they were running around like crazy and and drove prices ridiculously up in 20 and uh out of control i mean like like 89 offers on a weekend that kind of stuff all right that y'all remember that that's just a 20 minutes like two two and a half years ago okay um and then it chilled it just stopped and the market has gone it's continued to move but it's very slow the volume has been very slow but still demand has exceeded supply and we've seen prices go up and now that the market's heating back up a little bit now we've yet again got even more demand than supply, and we're seeing multiple offers again. So if you are thinking about selling a house, this is an excellent time to sell a house.

As a guy who's trying to buy one, please sell your house. If you're thinking about buying a house today, you're out of debt, you have your down payment, you're ready to go, and the only thing you're waiting on is you're waiting on the real estate prices to come down or the interest rates to come down don't wait go buy a house right now if you're ready because the prices aren't going to come down and if the interest rates come down you can just refinance so you marry the house you date the rate that's how that works the rate is temporary the house is you date the rate. That's how that works. The rate is temporary.

The house is a dadgum. So here's the thing. Median house price, all-time high in history right now. Interesting. And you thought 2020 was crazy. And you thought 2021 was crazy. All right? I'm telling you. I'm not predicting it to go

nuts again but the idea that some of you are still sitting around waiting on this market to correct is hilariously stupid you're that wrong and david's not going to age well hey i've aged pretty well in general there's a couple things i've missed it on, but I pretty much call it on a lot of these things. I told you Bitcoin was a scam. I told you from the start, even when all of you people that joined Bitcoin, like some people joined Mary Kay, y'all were driving me nuts, yelling and screaming at me like I'd insulted your Jesus or something.

It's crazy. And it was a dadgum scam. And we knew it was a scam from the start. We knew it was a horrible idea. And yet you walked around acting like you're sophisticated and do rooms. You just don't understand. Let me tell you guys, this is what's happening with real estate. I promise you, you can look up this particular YouTube five years from now. And you're going to go, yeah, that old fart was right again. That's what you're going to do. It's exactly what you're going to do.

So prices are going to go up. Rates are going to go up and down, up and down, up and down. They always have and they always will. The only rate that you cannot adjust is mine. My interest rate on my mortgage is zero because I don't have a mortgage. That's the only one you can control. So get the house. Get the house paid off.

Go to Ramsey solutions.com, get you a Ramsey trusted agent to buy a house or to sell a house right now and quit believing all this fear mongering bull crap that's out there. It's listen, the market is slow, but demand still exceeds supply and it is still driven us to an all-time high median price on house those are facts that's called data if you don't agree with that you're what's known as wrong seriously so if you're gonna buy a house or sell a house best times right now i told you the same thing 18 months ago and i was right then too this is the ramsey show thanks for joining us american dr chandeloni ramsey personality and real estate mogul is my co-host i i'm not a lot of things day but i'm not that i'm i'm a

bumbling idiot you're number fourth in line among four people bidding on a house. In supposedly the falling, crashing, dying economy. Real estate market ever. Yeah. I don't know, John. You're a failure, I'm thinking. I could be wrong. I'm fairly certain you're on the right track.

I made the mistake. I told my kids we got that. I was like, I'm going to go in and get us a house, guys. Oh, God. Here goes Daddy. Watch Daddy. He's going to go get a bear. I had to go back and be like, your dad's a loser, kids. Ed's in Myrtle Beach.

What's up, Ed? Hey, Dave and Dr. John. Thanks for taking my call. I'll get right to it. Okay. I'm 61 years old. I got divorced nine years ago. The agreement, the divorce agreement or settlement was I would keep all the assets. I own a small business and

have owned it for 35 years. A paid for house, paid for business property. And in return, I would give my wife a half a billion dollars paid for $3,500 a month. And I've been doing that for quite a few years. I've got it down to $130,000 now. And every month, obviously that $3,500, you know, bothers me to pay her. And I talked, I go back and forth about just paying it all off. I called her, offered her, um, uh, pay it off in full with a little bit of a discount. She didn't accept that. So I said, okay, I'll just keep paying you. And you know, I'm to the point in my life, I'm 61 years old. How long ago was that? Uh, a year ago. Okay and how much do you have how much money do you have? I have 1.1 million in my retirement in our retirement I just got remarried on Valentine's Day this past year and we have 1.1 million $70,000 as an emergency fund.

And your real estate's worth what? My house is worth about $450,000, maybe a little more. And my business property is probably worth about $400,000. And then my business, if I sold that, that'd be worth anywhere between $1.5 and $2 million. So you got a net worth around $5 million, yeah. Okay. Yeah, pretty much. And you can gain, out of $5 million, you can gain yourself a ton of peace

and a whole new look on a brand-new relationship if you write a $130,000 check. Yeah. Do it. Yeah. Do it. I'm going to do it. I was hoping you'd say that, and I just stayed on the phone for an hour and 15 minutes to get out and talk to you i wanted to hear from you dave no i'm sorry it's john john's hard to get through to but yeah i'm sorry i'm

sorry you had to hold for something that yeah but yeah this is this is this is um uh the final salute to that part of the past. I'm a little shocked she won't take a discount, but that's okay. You going to do something fun? She just won't. She just, I don't know. If she would have, y'all would still be married. Hey, you going to do something fun? Yeah.

This next month, you you're gonna write this check um by monday of next week and all right when um april 1st comes around i want you to get a check out and write 3 500 and let your new wife see it and then hand it to her. She's in the background. She heard it. She's cheering. She heard you say that. Because I tell you what, as much as you hate writing that $3,500 check every month,

oh, that makes your new wife skin crawl, man. Yeah, yeah. I can hear her yelling shit in the background that'd be the best 3500 you ever spent in your life man yeah you need to do you ought to do something to celebrate yeah that much of your past being in the past we're already in myrtle beach for three months there you go okay well go out to eat and buy you an expensive bottle of wine or something but yeah write it write a check be done with it there's there's a there's an amount of uh peace and closure and finality and all those kinds of things that's going to come when you do this you can't even anticipate because you're a business

guy and you run numbers all the time and you it's you're not going to catch how emotional this is until you actually do it it's going to be be like, oh, that's really done. I'm really done with her. She is X. Yes. X, X, X. This has been a very protracted 10-year divorce. And just the thought of calling and saying, hey, I'm going to write you a check.

Will you take this instead? And her saying no, that's like she's still controlling things you know that's the only reason she did it right oh man write the check she actually wanted the money write the check man be free i don't think we've ever done a uh debt free screen divorce free screen but i'm a divorce free screen we could probably do it for you um we uh yeah we do that we do those in the parking lot we do those in the parking lot wow all right cory's with us cory's in salt lake city rails cory this is what happens when you get in towards the end of the show it digresses what's up i really enjoyed listening thank you for taking my call it's a pleasure to talk to you gentlemen i hope you're doing better than you deserve as well. We are, sir.

Thank you very much. How can we help you, sir? Well, thank you. So just for a bit of context for you, right now I'm in Baby Step 2, and I'm going to have my car paid off in about the next month. Good. And that will be the last of my debt. Way to go.

Thank you. I appreciate that. And then at the end of this year, I'll have baby step three completed. I'm projecting to about $20,000 in my emergency fund. So next year I'm going to begin my, or I'll resume my 401k investing and putting some money away from my kids' college funds. My question is, my question is we're eventually going to need to get a bigger house to accommodate our growing family. And right now I have a seven year adjustable rate mortgage. If I could go back in time, I wish I could take that back, especially with this climate, but I'm kind of have what I'm

dealt with. But I'd like to do that in the next three to five years just before the adjustable period begins. And at that time, I'll have about $1,000 a month extra in my margin in our budget. And the way I'm seeing it, I have three different options. The first one is I'd like to either put that extra money towards our principal and our existing mortgage, save that in a high-yield savings account, and then withdraw it when the time comes for that bigger house, or take on a bit of more risk or gain potential by investing in a brokerage account. I was just curious to know what your thoughts were on that. Well, you explained the baby steps to us, which means you have some familiarity with what we teach. Baby step one's $1,000 saved, a starter emergency fund, two's debt-free, except for the house. That's where you're getting ready

to be. Three is you need an emergency fund before we do any of this of three to six months of expenses. Once you've got that, then you're in four, five, and six simultaneously. Four is 15% of your income going into retirement, as talked about and five is kids college as you talked about and six is pay off your house and um we tell people pay it on the principal to pay your house off man and even if you don't get it paid off when you sell it they give you a check for the equity you didn't lose the money. It's all right there stored in the house. You don't accidentally spend it or accidentally lose it

or buy a bass boat with it or anything. It's right there in the house, okay? And then when the house sells, they give you a check, and you use that check to move up into the next house when you get ready to do that. You're probably going to do that before this seven-year mark hits on this thing. You're probably going to sell it. But you will have reduced the principal,

and you've got this nice nest egg then coming out of that house to move on to the next deal. You'll be glad you did that. It's what in the financial counseling world we call a forced savings plan. Because when you pay down on the mortgage, there's only two ways to get that money out of that house. Refinance or sell it. And both are very cumbersome. Therefore, you will not impulse a bass boat or a 30-day cruise or whatever it is that you're a Porsche. Whatever it is you're getting rid of impulse. Instead, you keep doing smart things with it, which is like getting ready to do the next house.

You got a really good thought train going overall, Corey. All we're doing here in this conversation is fine-tuning it. I'm real proud of you. You keep it up. Our scripture of the day is Elesiastes 10 10 if the axe is dull and its edge unsharpened more strength is needed but skill will bring success dr stephen covey used to talk about sharpen the axe don't be a tree beater abraham lincoln said that some achieve great success as proof to all that others can achieve it as well well there you go when you hear a debt-free scream it should be give you hope that you can too a brand new event we're doing dave ramsey's investing essentials i'm going to be doing a deep dive into investing i'm it. It's two hours a night for two nights, a total of four

hours, May 21 and 22. It is not a duplicate. It is a series over two nights. It's virtual. It's a live stream. It's $199. And I'm going to unpack my personal playbook on investing, the principles that I use to decide what I invest in, the formulas that I use in real estate, how I do my real estate, how I do my mutual funds. And you can learn from that and decide if you want to do it. The friends that I run with on investing stuff are people of 20, 30, 50 million dollar, 100 million dollar net worths. I know what they do. I know the inside workings of what they do. A lot of them know what I do. And I've learned a lot from people like that.

I'm going to share it with you. And this is so this is not a broke TikTok guy with an opinion. This is a guy who does it. I own several hundred million dollars worth of real estate. So how did I do that? So we're going to show you and talk about it. We're going to do the basics, basics too like 401ks and mutual funds ramsey solutions.com slash events to get signed up this is a live stream 199 may 21 and 22 two hours each night a total of four hours of

material george camel's going to be in there with me, helping me, and helping you, because he can translate from Dave to human. All right. Ashley is in Houston, Texas. He's fluent in millennial. I guess. Yeah, human to millennial. There we go.

Ashley's in Houston. Hi, Ashley. How are you? I'm good. How are y'all doing? Better than I deserve. What's up? Oh, yes. So are you? I'm good. How are y'all doing? Better than I deserve. What's up? Oh, yes. So I guess I'll jump into it. I'm very new to this. Like I've been looking into you for like the last three weeks and kind of just started, you know, learning about my finances

and how bad I'm off. So I am on baby step number two. I have a thousand dollars saved up. Good. Yeah, I was really proud of that. I was really excited. Well, you really are doing it. I mean, this is not, I thought you were just discussing it as theory, but yeah, you're really doing it. You know what it is. You know what baby step two is. You did the first step and it's been only two weeks. Way to go. Yeah, it was really exciting um my husband's proud of me too so um even though we're joint effort of course but um i am i just started calculating my debt a couple days ago i'm 73 000 jointly my husband and i most of it's student loans um we did just find out though that my husband has a feeling he's probably going to have to have back surgery um he's a stay to have to have back surgery.

He's a stay-at-home dad. He stays home with our three-year-old and our one-year-old. So if he ends up having to do this, I'm going to have to take off work to help him. I mean, it's just what I have to do and I have to help watch the kids. And the way my work works, I mean, I only have so much PTO, about 30 hours, and then I'm going to have to kind of pay out of pocket for a week. And now I'm anxious. I was excited, and now I'm just stressed. I don't know if I can take it. How far away is the back surgery? So we're not sure yet. We're just starting to do tests now to see if there are, you know, some things that he's going to be able to do, but it's looking like it's going to have to happen. I mean, he's barely walking these days.

Let's not worry about it until we worry about it. So you need to know. I've got a set date in September he's going in for surgery. Okay? Right. When we know that, what you do is you push pause on the baby steps. Okay. Because you're now in emergency mode. You have a serious storm cloud on the horizon.

Lightning is cracking. Okay? Right. Right. So we're going to batten up the hatches. And what that means is we're going to push pause. We're going to be on a very, very, very tight budget. You're going to work as much as you can work, and you're going to sell as much as you can work and you're going to sell as much as you can sell because the bigger the pile of cash you have going into his back surgery the easier this whole

thing is going to be right yeah because i don't want to get in any more debt than i already am in no we're not going to get in debt we're going to we're going to put him in all the way in i mean we're going to have a big old pile of cash you're going to use up your pto you're going to have groceries in the cabinets and then when you're able to get when he's able to get up and get moving around you're able to get back to work as soon as possible then you can start push play again and any money you haven't used from this pile you'll just throw that at the debt and you won't have lost any ground okay but if you use some of it, you will have lost ground, right? Right, right.

But here's a cool idea. He turns around and is back up and moving, and you're back at work before you have to spend a dime of the savings. Yeah. That'd be neat. That'd be great. Yeah. That'd be a blessing.

Yeah, that'd be a – then all all the savings you didn't lose a single drop of traction but if you spend two thousand dollars out of ten thousand then you lost that much traction but so what we got his back surgery we're the other side of it and it's not a complete stress point right right don't worry about it until it's you know yeah as soon as you know the date certain or it looks like sometime in the fall uh you know we're going to do september october the doc comes back and says that and it's a hundred percent chance we're doing it then you push pause and get in i'm piling up cash the bigger the more cash i've got the better i can survive this storm okay and an antidote to the anxiety you feel,

like sometimes we're anxious about things that we're imagining are coming. The thing that's coming at y'all is actually happening, right? Right. An antidote to that anxiety is taking every question you have and writing it down and making sure you don't let a doctor visit go by. You're giving them a jillion dollars anyway. Ask every question you have from what's estimated time of recovery, what's the cost of this thing going to be, start to finish, what's the final check we have to write. What have we got to do to make sure insurance covers all of it? Get all of the data that you need.

And then you're not wondering in the middle of the night, we have to do this, we have to do that. You'll know, no, we need to get $7,000. Or we need to get $4,200, whatever the number number is you'll be able to figure it out that's right you you begin to have an actual thing to aim at and not just all over the place what do you know about the insurance coverage you have so my deductibles of 1500 and my out-of-pocket is $11,000. Okay. So that's our max. Right. Yeah.

And what do you make? $11,000. So I make $88,000. Okay. All right. And you have currently, you said you have $70,000 in debt? Roughly, yes. Okay.

So worst-case scenario, you're the other side of this, and including medical, if you don't have to have money to eat with and you run up $11,000 out of pocket, so now you're $81,000. That's your worst case. Okay. You can do this. And one final antidote to anxiety is ask yourself this when you have those scary thoughts in the middle of the night. What if it all works out?

We're real good about asking, okay, what are we going to do when this goes bad and this goes bad and this goes bad? But we rarely stop and say, what if this works out? I can never say that word. Catastrophizing? Catastrophizing, yeah. Is that how you say it? I mean, our bodies do that to keep us alive. I can't say it because I can't do it.

Yeah. You're pretty good at it. I'm good at it. Yeah, most of us are pretty good at it dave has a genetic mutation where he doesn't understand catastrophe it's always going to work out and it just does but i yeah i live in that world and i've had to learn to ask myself wait a minute did you just call my parents a name no i think i wish i had your genetic mutation but the the chances of it working out. Ninja. Maybe great. Mutant turtle.

Yeah. Yeah. Got to look at the positives of it. Yeah. You're going to be fine. You're going to be okay, actually. It's going to work. Thank you.

I appreciate that. Lay it out. Hey, if you're in the middle of all this and it gets to freaking you out, just give us a call. We'll walk you through the numbers. Okay. Yeah. I'm learning so much, honestly, in the past three weeks.

I've described it every email possible. Everything. Yeah. Where people get freaked out on all of this is, honestly, in the past three weeks. I've tried every email possible, everything. Yeah, where people get freaked out on all of this is they get down in the trees and they can't see the forest. And so what we do so much of on this microphone is we're just up above the forest and we can just see it real clear because we don't have any fog, we don't have any trees in our way. And if you can stay up above it like that, that's what John's talking about, then your stress level will be down and your decision-making will be much, much wiser. So you're in good shape. Pile up cash, pile up cash

as soon as you know you're really going to have to do this. That's the answer to the question. That puts us out of the Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. you