The Ramsey Show - App - DAVE RANT: Honey, You’re Broke! Slow Your Butt Down… (Hour 1)

Episode Date: November 17, 2021

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host, Ken Coleman, Ramsey personality. Number one best-selling author is my co-host today. Open phones at 888-825-5225. That's 888-825-5225. Ken's show, The Ken Coleman Show, deals with careers.

You Getting the Job You Love is a brand new book that came out last week. It went on sale last week. We've been pre-selling it, but it hit the actual shelves and shipped into your mailbox and so forth last week. From Paycheck to Purpose, the clear path to doing work you love. On the heels of that book actually launching on the street date last week, we are launching pre-sale yesterday on the first book I've done in eight years. It's called Baby Steps Millionaires, How Ordinary People Built Extraordinary Wealth, and How You Can Too. It's on pre-sale now. You can get it at ramseysolutions.com. You can get

Ken's book at ramseysolutions.com. The pre-sale on mine, like it at ramsey solutions.com you can get ken's book at ramsey solutions.com the pre-sale on mine like all of our others has a whole bunch of goodies in it including audio books and ebooks and a hundred dollars worth of stuff to go with it so check out books they are available a lot of things you can't get this year for christmas these books you'll be able to get well baby steps comes out in january but um but you can go ahead and do the pre-sale and put the uh i don't know, wrap up something under the tree. Yeah, you put a picture of it or something in a stocking. Maybe take a picture.

By the way, speaking of pictures. Put it in Ken's book. I like seeing the, oh yeah, thank you very much. Thank you, Dave. I appreciate that. The gift that keeps on giving. So I like the new picture, by the way. I mean, not only is it the first book in eight years, but we've got an updated pic looking pretty cool there, standing in theadow i mean i like the whole scene there looks like the sun rising did you take that at six in

the morning yeah we did we went out to my farm and did a photo shoot as as the sun was coming up that's fun and uh they did a really good job with it um and you know photoshop's amazing i've said that yeah i've said that i i one of my main objections with putting my face on the book was if people, if I ever get the privilege to meet people, they're going to go, wow. Whoa, they really, really glamour shot at you up, pal. Touch that up. No, our team does a great job, so it's good. It's exciting stuff.

Fun times. Yeah. Fun times. So check it all out at RamseySolutions.com. Meantime, here, the phone number is 888-825-5225. Manisa is with us in Austin, Texas. Hi, Manisa. How are you?

Hi, Dave. I'm doing good. How are you doing? Better than I deserve. What's up? So I was calling because you don't know this, but your book helped me to get out of credit card debt. Good for you.

Thank you. I started by myself trying to take care of myself, and then I showed my parents, but they were skeptics. My mom finally got on board, and then my dad got on board, and so we no longer have credit card debt. However, now we're in the dilemma where the house that we purchased was a wreck, so we had to sell it to an investor. And we're in limbo.

We don't have anywhere to go. The housing market is so bad. We keep getting outbid for houses. We tried buying a trailer house, and there's issue with land. So I'm thinking I needed to go directly to you to find out how do i invest so that i can build my wealth i know i i you're one of the sections in your book says to get an emergency fund and then do 401 of course i had already had my 401 and but for some reason i can't get the thousand dollars i can't even get a hundred dollars but i don't know what that is so i was hoping that you can

lead me in the right direction okay uh who's we your parents and you are doing all this together yes i try to do it on my own i said i read you're like the house you own, you own with your parents? Yes, we do, but we had to sell it because it was just selling. So it's sold. So you don't currently own a house with your parents? No, sir. We were trying to buy one. Good.

Don't own a house with your parents. How old are you? I'm 52. Don't own a house with your parents? Well, they need me. Well, they can get a place to rent and you can help take care of them, but you don't need to own a house with your parents. This is a bad plan.

Yeah, because I'm in agreement with you. Okay, good. Then don't do it. I'm in agreement with you. So how much of the money, did you get money from the sale of the other property? Because we had to sell to a home investor, we didn't really get that much. But we have $15,000. You have how much?

$15,000. Okay. And so you have $7,500 for them and $7,500 for you, right? Well, they can have all of it. You're going to give them all of it. Okay. Then what do you make a year? About $41,000.

Okay. And how did you get out of debt? We just did your baby steps. Well, that's baby step one is $1,000. You said you couldn't do that. Well, no, we – so I've been trying to do that, but every time something comes up that we need to start to get the money out.

Okay, there's not a we. You're 52. Yes, sir. There's a them and a you. Yes. There's no we. Yes, sir. Okay.

So you make $41,000 a year, and how did you pay off credit card debt? Well, so at first it was just... You you got on a budget and you found money in the budget and you put it on the credit cards right well what i did was is that we took all of the bills and the one that was the lowest we just split them the balance three ways and we we paid that and then we paid we we did that for each one of the bills until we got them all paid off. Okay. So you found the money in your personal income to apply to the debt, correct? Yes, yes, sir.

So that's how you do your $1,000, only now it's going to be you, and you need to go find an inexpensive place to rent, give them the $15,000, set up your life, and begin to work the baby steps with a written budget you're not doing a budget and you need to start doing a budget immediately so get on every dollar and download the the world's best budgeting app and get your get your budget going to where you are doing this but manisa you have to separate. You can love mom and dad, but you're 52 years old. Time to move out of your mother's basement. Time to quit sharing bills with your mom and dad. It is way past time unless you have some kind of a mental disorder that doesn't enable you to live on your own.

But you need to do that, and you need to do it now. And I don't think you do based on talking to you. Yeah, I would just add one thing, Manisa, that I want need to do it now and i don't think you do based on talking to you yeah i i would just add one thing when he said i want you to ask yourself you said they need me but i wonder how much you need them and you're not even aware of how much they're a safety net for you for you not to truly fly and to do what you're supposed to be doing i think you've got to really confront that i think at 52 it's time as dave, for you to strike out and do your own thing. And at $41,000 a year, you can get that $1,000 emergency fund pretty quickly and move through this. And before you know it, be truly in a great place financially. Get the least expensive thing. Don't buy a trailer. They go down in value. Get the

least expensive thing you can get to rent get yourself started and take all the extra jobs you can take and get on a written budget and begin to build a thousand dollars and then work your way on up through all of the baby steps and you'll be just fine you can do this this is the ramsey show I saw some recent financial statistics and there was some pretty troubling news. When families were asked how long it would be before they faced financial hardship if a spouse died, nearly one-third said they'd be in trouble immediately. Another 44% said they'd be financially drained within six months. People, it does not have to be this way.

Term life insurance plans are just plain cheap, and companies have made it even easier by not requiring exams in many cases. There really is no excuse to leave your family in this situation by not having life insurance. This is why I talk about Zander Insurance every day. They're committed to protecting families with the only products that I recommend, and their team keeps the entire process simple and affordable. Go to Zander.com for quick online pricing or call 800-356-4282 this has to be a priority if your family is in this situation you need to get this done This is the Ramsey Show.

Ken Coleman, Ramsey personality, number one bestselling author with his new book, From Paycheck to Purpose. The clear path to doing work you love is answering your career and job questions. I'm answering your money questions. We're answering your life questions together. You jump in. The phone number is 888-825-5225. Ahmed is with us. Ahmed in Green Bay, Wisconsin.

Hi, how are you? Hi, Dave. I'm doing good. How are you? Better than I deserve. What's up? So currently I'm trying to transition from just working as a gig worker. I'm trying to get into the cybersecurity field,

and I was wondering if I should get a degree or just work on it on my own and get certification that way. Certification. There's no evidence anywhere, and I welcome your research to prove me wrong. There's no research that would bear out that a degree is going to help you get into cybersecurity faster and make more money. In fact, there's such a demand in this industry, and it is white hot. It is probably the most, not just fastest growing, but the most opportunity long term with cybersecurity. And I endorse a program

called Bethel Tech, and they can train you in nine months for, if you cash flow it, less than $13,000. That's just one example. Do your homework. Look at other people as well. But you don't need a degree to get into cybersecurity. If you get certified, and while you're getting certified, you are making connections in the field, talking to folks that are working in cybersecurity, getting ideas from them, companies that are hiring, directions to go within cybersecurity. Those two things, getting certified and getting connected, is all you need to do to get in.

A four-year information systems degree is an excellent degree field. The technical items you learn while doing that are obsolete by the time you finish the degree. They're of no value. We've got 1,000 team members here. I've got an in-depth cybersecurity team. Obviously, we've got a lot of web presence and a lot at risk, and so we spend a lot of time and money on cybersecurity,

and a four-year degree in information systems is not a requirement to join a team our size. We do look for the certifications in this, and we do want to see that you've got some kind of hands-on experience actually fighting to keep the hackers out, which is the full-time freaking job these days. But, yeah, Ken's exactly right. This is not a four-year degree world. The technology field in general is not a four-year degree world. If you want to get it, that's fine.

But what you're after there, if what you're after is the ability to get hired, it's not necessary. As a matter of fact, it's not even preferable. Because what you're learning is processes and concepts, not the technical hands-on application. Because the stuff you learn today, a year and a half from now be obsolete you've got to have your hands on this stuff to know what's going on in that world you blink and it all changes again you know how your computer is uh obsolete ken you got it out of the box and that's the truth that's about how it works it's freaking things a doorstop six months later that's right.

The number of times I replace technology around here is unbelievable, the money we spend just to stay not on cutting edge, but just to stay up to speed, cybersecurity included, but even hardware issues as well. Bobby's with us in Columbia, South Carolina. Hey, Bobby, welcome to the Ramsey Show. Hey, Dave, and it's George, right? This is Ken today.

But I'll answer to George. George was with me yesterday. Oh, very nice. Well, Ken, Dave, I just want to say thank you both very much. George is nicer than Ken. Yeah, yeah. I can't argue that. He's the nicest person on the planet.

He is. He's nicer than all of us. That's good stuff. Good personality qualities right there, right? Yeah. Okay. Sorry about all that. Good personality qualities right there, right? Yeah. Okay. Sorry about all that. How can we help?

Basically, I recommend it to you from a previous boss and a longtime friend of mine, a very humble man, a man of God, Brandon Blake. Thank you very much. I hope you hear this. I'm kind of in a pickle right now, Dave. I'm 24 years old. I'm a young father. I got a three-year-old.

I'll be three in December. Absolute pride and joy in my life and my biggest form of motivation. My wife and me, we're still together. I'm currently living with some relatives. I've been here for about seven months. My wife was working full-time and just switched to staying at home to watching our son while I worked full-time. I just got a really nice job, the best one I've had since I've been working in the professional field. 401K offer, pay time off, bonus structure, things of that nature. I'm in a very weird position, though, with how to take, you know, I'm very young with my professional career. I want to set up my foundation with investing properly.

As we stand right now, my debt, I only have about $20,000 of debt, $17,000 in student loans, about $2,000 in medical bills. How much do you make? $35,000 a year. If my bonus comes out the way that it should this next year, it'll be at $40,000. Working 40 hours? 40 hours a week, yes, sir. And your baby's how old? He'll be three in December, December 6th.

What was your wife doing before she quit? And your baby's how old? He'll be three in December, December 6th. What was your wife doing before she quit? She was working as a cake decorator for Lowe's Foods and has since lost her position, mainly due to it was during COVID. So it got pretty hectic. And right now she's just staying at home. And interestingly enough, she also has an international business degree, four-year university from Rollins, but she doesn't have any direct experience working in the field,

not even in a job like a starting job that would even be relatable to that. What's the pickle that you're in? You've given us a lot of details. What's the pickle? My pickle is I have two options right now. You know, inevitably I want to move out. My mom and dad are generous enough to allow me to live rent-free. The only thing I'm having is living expenses and a couple other payments.

But I need to figure out, you know, I mean, obviously saving money is what needs to happen. But where to put that money is the question. No, there's not any question. You're broke and you're living with your parents. You need to pile up some money in the savings account and get out of there yeah you don't need to start don't worry about investing and don't start your 401k you're broken in debt and you guys have got to do something in this household to increase your incomes so since you're only working 40 hours you need an extra job and your wife needs to start doing

some freaking cake decorating while she's at home with a three-year-old. Yeah. No, you're right. You're not wrong, Dave. And I guess my next question is, you know, to make the smartest decision possible, you know, my credit score is pretty good at 700. My thought process was getting either a mortgage on a house. No, you're broke. You need to go get a one-bedroom or a two-bedroom apartment as cheap as you can get,

and you need to pile up cash as much as you can, and you need to be working 80 hours a week, and she needs to start working 30 hours a week when the kid's down so she can get some other income coming in. You guys need to get your income up to $50,000 to $70,000 immediately and start paying these debts off and get out from under your parents' roof yesterday. Yes, sir. My question is, though, in regards to the rent with renting.

I mean, as you know, rental property is the money you put in goes into a hole. You don't get it back. Honey, you're broke. You're a renter. You don't buy a house when you're broke. You are broke and in debt. You make $35,000 a year and have a three-year-old, and you're 24 years old. You don't go buy a house right now.

This house will be a curse to you. You're trying to mix long-term issues in with your short-term emotions, and you need to get the short-term stuff taken care of. You need a big pile of money for an emergency and to move and to get out, and you guys need to get your incomes up, and then you begin to attack the debt. And when the debt is gone, you build an emergency fund, a fund a fully fun big emergency fund of three to six months of expenses then we'll start talking about saving for a house you're not buying a house for three two to three years from today if you're wise it's just hard dave because you know with rent it's not hard

an additional it's not hard you're 24 you'll be 27 when you own your first house it's not hard at all yeah somebody has told you that renting is throwing money away and you can't get past that thought and it's simply not throwing money away for two years when stacy and i moved here to join dave this was the move for me we took two years and rented because we wanted to make sure we were going to the right place. We wanted to make sure that we were going to lock in and dive in. And we had to save money to be able to get the kind of house that we felt that we wanted to get. We weren't throwing money away. That's a false narrative. And you're not hearing the wisdom

and the truth here that Dave just gave you. The baby steps work every time. But only if you get this mindset out of your head that renting is wasting money. Renting is buying patience while you're too broke to buy. Oh, that's good. You're buying time. And honey, you're so broke you live with your parents. That's how broke you are. You don't need to go from that to owning a home. You need to get the debts paid paid off build up an emergency fund build a foundation for your young family

slow your butt down you're okay you got plenty of time this is the ramsey show We'll be right back. Ken Coleman, Ramsey personality, number one best-selling author, is my co-host today in the lobby of Ramsey Solutions on the Debt Free Stage. Richie and Carol are with us. Hey, guys, how are you? Hey, Dave, we're doing good. How about you? Better than I deserve. Welcome. Where do you guys live? Knoxville, Tennessee. Knoxville. All right. Good people. I was born just south of there in Merville. Merville. Merville. Merville.

Merville. You have to say that correctly. Yes, you do. All right. So how much debt have you guys paid off? We paid off $79,515.50. All right. How long did this take? It took us 23 months. Good for you. And your range of income in that two years?

We started off at $58,000, and then we're on track this year to be at about 108 000 wow there we go yes what do you guys do for a living um i'm an elementary school music teacher and i'm in sales okay so where'd the extra 50 grand in income i mean you doubled your freaking income we did um so i started off in a smaller job with not so much pay and then um right after the covid pandemic when schools started opening up, I was hired into my teaching position. Oh, so you got like a full big job. Pretty much, yes.

And you're working like part-time kind of. Yeah, pretty much, yes. And sales is good, obviously. It's got its ups and downs. Yeah, okay. All right. So $80,000 in debt. What was it?

What kind of debt? It was a little bit of everything. It was credit cards, car, truck, motorcycle, loans, cruise. We paid off a cruise. You guys were like normal. We were so normal. You bought everything on debt. Yes, we did, unfortunately.

Look at you. Awesome. Okay, so what happened two years ago? How long have y'all been married? Six and a half years. Okay, so after four years of marriage or three years of marriage someone says it's ramsey stuff we got to try it tell me how this happened what happened so um it happened a little bit before um i had found out about you um through some friends and so i started listening to your podcast

um looking through all your tools and everything and i told him i said hey let's try this he's like no i'm not interested no i don't want to do this stubborn and then about two years ago um he had an emergency appendectomy oh and so i was sitting in the emergency room waiting and i was like there's no way because with my income if something worse were to happen we couldn't be able to pay our bills we and i was i was in freak out mode um and so when we got home from the appendectomy i looked at him and i said we have to do now that you lived if you don't do this i'm gonna kill you yeah pretty much and so um that was kind of our i had it moment um and so since then we really really buckled down um And it took him a little bit to get on board. But I mean, first couple of times, you know, she was just like, let's try this Dave Ramsey thing.

And I was just like, no, I just I was stubborn, just like everybody else is. Well, I'm a salesman. I always tried to outsell my stupidity. And I just tried to out earn it. Right. Yeah. And so after after the the surgery i was just like okay let's give it a shot and we started off we had a little bit of money put back and

we paid off one of our credit cards yeah and as soon as i paid off that credit card i've got a massive adrenaline rush and i was just like okay what else can we pay off now and it just kind of went from there he was finally on board here we go yes yes yes so that's when he finally was on board um and then we finally were able to start really getting some debt paid off so i was catching the youtube uh feed through my peripheral vision while i was looking at y'all i saw the motorcycle pop up did you keep it or did you sell it no i actually sold it to pay off the hospital, the appendectomy. Oh. She told me she says that.

This is not a good trade. No. No. An appendix for a motorcycle. Right. That's just not okay. Well, that was part of our debt. We paid off the motorcycle, and then we turned around and sold it to pay off the medical

debt. What did it sell for? It looks like a great bike. I sold it for $2 wow and that that covered everything and i told her when i sold it naturally i said so we pay this off and after we're debt free yeah i want to buy another bike and she said okay yeah a better one yeah a better one we're setting up a sinking fund for that so pay cash for it yeah that's that that's what you live like no one else later you can live like no one else exactly ride like no one else later you can ride like yes yes that's good way to go man cool very cool thank you so you guys just

when you once that adrenaline hit you leaned in and 23 months later boom boom we did there was some struggles of course where what was the biggest struggle uh? Probably having to say no a lot. Being like, no, we can't go out. No, we can't do this or do that. No, we don't need that. Your friends look at you like you lost your mind. They did. They were like, just go out and have fun.

Everyone's going to be in debt. Everyone's going to have debt. Just go out and have fun. And we were like, no, we don't want to do that. We don't want to be in debt anymore. It's wearing us down. It's worn us down our entire marriage, and we just don't want to do that. We don't want to be in debt anymore. It's wearing us down. It's worn us down our entire marriage, and we just don't want to do it anymore.

So I love when couples share the struggle. I want to know in your situation, what did you two do for each other or individually to keep pressing on through the struggle? What kept you moving? We had to be each other's rock. Yes. There were times where he wanted to quit, where I was like, no, we're doing so well.

We have to do this. We have to keep going. There were times I wanted to quit, and he said, no, no, we can't. We really had to push each other to keep going. I mean, and we would pull up the podcast. We would listen. Dave, we watched your story a lot on YouTube about where you came from and where you're at now. Brought me to tears every single time I heard the story.

It was just one of those things where we had to remind ourselves what we're doing it for. So later on, when we have kids of our own, that they don't have to live like we did. I love that. I want to ask you, take me to one of those moments. Either one of you, I don't care, but what did you say? I know that you were each other's rock, but what was that thing maybe that you said? Besides watching Dave's story and seeing that desired future, certainly that's motivating, but what did you say to each other to go, hey, stick with us?

What did you say? We would be out somewhere. It didn't matter what store we went to. If we wanted to buy something that we knew we could take that 20, 40, 50, whatever, towards debt. Naturally, my immediate response is because I want her to, you know, if she wants to buy something, I want her to have it naturally. And at the end of the day, I would be like, you know, if you want it, buy it. And then we'd sit there and stare at each other and be like, what would Dave say? We would be like, we would get down and kind of a, well, I'm tired.

I don't want to do this anymore. And we would be like, what would Dave say? Like, what would Dave do at this point? And I think that kind of kept, well, I'm tired. I don't want to do this anymore. And we would be like, what would Dave say? Like, what would Dave do at this point? And I think that kind of kept us going a lot. And also, I mean, it's like this past weekend, I had a funeral I had to go to. My uncle passed away in Hernando, Florida. So we drove there and back. And the 10-hour drive back, I can promise you, we had 10 hours of Dave Ramsey in the car.

Oh, my gosh. We did. I don't even want to be in the you we had 10 hours of dave ramsey in the car oh my god we did i don't even want to be in the car and it also took a lot of prayer too a lot of prayer a lot of trust you know god telling us so you did it all off the podcast or the total money makeover book or financial peace university we did financial peace university as well we did it um in our home we didn't do the class um i think during the pandemic well yeah we did online yeah um and so we didn't during the pandemic mostly mostly is when we watched it sure um but that really helped us to kind of figure out our direction and where we need to go so proud of y'all thank y'all are amazing what a great couple thank you you just

really you got the right spirit on you you're gonna be able to do anything you want to do you're on your way to being baby steps millionaires before you know it now that you hit this stride so very very well done we got a copy of uh the legacy journey for you to celebrate that next chapter and a copy total money makeover for you to give away to somebody help get them started because you've been talking about this you can't shut up about it i actually gave um i gave the total money makeover book to a co-worker of mine. She was struggling. And when I gave it to her, she did like what anybody else would do.

Even I've done it. Put the book aside. I asked her, I said, have you read the book? And she said, no, I haven't read it yet. I said, okay. And I'd come back next day. Hey, have you picked up the book yet? She says, no.

And so finally I met her at work one day and she said, hey, I wanted to tell you something. I said, what's that? She said that book that you and Carol gave me. I said, yes. She said me and my husband were having a struggle, a fuss over money. We don't have any money right now. And I said, okay. And she said, I prayed to God and asked him to help me.

And she said, God told me I gave you a book. Alright, guys. Count it down. $80,000 paid off in 23 months, making $58,000 to $108,000. Let's hear a debt-free scream. 3, 2, 1.

We're debt-free! We're debt-free! I love it. Woo! I already gave you a book. Wow. That'll preach. This is The Ramsey Show. We'll be right back. Well, last week was launch day on Ken Coleman's new book, From Paycheck to Purpose.

They were shipped to your mailbox. If you'd ordered one, if you haven't gotten one yet, you can get it now. We'll ship it to you immediately. The clear path to doing work you love. And then yesterday we released pre-sale on the first book i have done in eight years it is called baby steps millionaires how ordinary people built extraordinary wealth and how you can too it's all about step by step how to exactly become a millionaire and i prove to you without without beyond a shadow of a doubt

that you that you i'm talking to you that you can do this that's pretty cool it's not out of reach it's doable so if you want to pre-order this book actually comes out january the 11th but it went on sale on pre-sale yesterday when you pre-purchase a Ramsey book, we typically bribe you to buy it early by giving you a whole bunch of goodies. And this is no exception. Baby Steps Millionaire audio book and e-book is included in the $20. The Legacy Journey audio book and e-book is included in the $20. The Baby Steps Millionaire's live stream event in January is included in the $20. A Ramsey Smart tax tax filing is included

for free in the twenty dollars and a 30-day free trial for ramsey plus is included in the twenty dollars it's over a hundred almost two hundred dollars worth of stuff included when you buy a twenty dollar book now that's pretty cool so be sure and check all of that out danielle is with us in philadelphia hi danielle welcome to the ramsey show hi there hi what's up so a little over a year ago i married my long time boyfriend and we're not young we're late 40s, early 50s. And we still have two houses now a year later because his house is an hour and a half away from my job. I spend about $240 a month in gasoline going back and forth. I don't do it every day. How far is your house from his job?

Maybe two hours. So you guys work two hours apart yes that's wild his his job is actually an hour and a half from his house as well but he's willing to make that sacrifice i i'm not i think i think it's cray cray I think you need to sell both these houses and buy a house close to your jobs well I agree with that however I have been in the mindset lately of well perhaps maybe I could look for a job closer but my dilemma is that I have been working in the school district for 25 years as a custodial supervisor, and I make about $68,000 a year. My concern is going someplace else and not making that kind of money. I work my way up to where I am now.

There's also another reason I keep my house, because I have extended family also living in this house right now. Why? My daughter had two young children and she got a divorce and was only making about $13 an hour. So she had a hard time maintaining anything. So you're paying a house payment for her? Correct. So when's she going house payment for her? Correct. So when's she going to get on her feet?

Well, she just got a promotion. She started last week, and it should bump her up to about $20 next month. You need a plan for her to be on her own, and you to sell that house, and you guys ought to sell the house that you live in, and you ought to move closer to both of your jobs this is tough why his job he's making over a hundred thousand so and he's just a bus driver in new york city so um okay so hold on so i gotta jump in i'm going crazy so both of you make money, and you both are assuming that you can't do anything else. So I want to frame what you've been doing a little differently. You're not just a supervisor of custodians in an education here. I know you are. And here's the deal. You've got a lot of experience. I just heard some

sass come out. We're in the hottest job market in the history of the United States, and you have something to offer. Years and years of experience of leading people that are in the traditional custodial roles and things of that nature. There's a lot of options for you out there. I would also say we have the greatest need in the history of the United States in the area of drivers, whether it be your traditional 18-wheelers or other dealers. We have a supply chain problem, and I saw an article just last week. There's a need right now in the United States, Daniel, for 80,000 truck drivers. If he's driving a bus in Manhattan, he can drive something else.

You guys have got to get outside of this mindset that we can't make what we make or more somewhere else. Because I don't believe that's true. And you at least owe it to yourselves to do the research. Yeah, investigate. See what else is out there. I mean, you're like, there's only one kind of spaghetti, but you've never been to more than one restaurant that's right i mean go check out some spaghetti restaurants kiddo go look at the jobs that are on the plate out there and see what's happening you have a lot of experience and skill to offer and not to mention you're the queen that's right

well that that comes that royalty part should go a long way i like that yeah and here's the other thing house is a stupid house yeah i ain't driving an hour and a half for a stupid house oh life's too short get you another stupid house there's stupid houses on every corner and this idea that you know i'm not well i've always lived so what sell it i am not driving an hour and a half over a job or a piece of real estate. All of these things can change. And we didn't even discuss the potential financial gain from those two houses. Yeah.

Assuming what their position is in them. Absolutely. We've got to get daughter up and out so she can sell that other house. But still, oh, my gosh, y'all. There's a lot of stuff going on here. And you guys are holding on to the past so tightly you're not going to live well in the future. Yeah. The past job history, the past, I worked so hard to get here, so use that to go into something else.

I've always lived here, so use that to get into something else. Don't hold on to the past so tight that you lose your future. All right. Jeff is with us in Tulsa, Oklahoma. Hi, Jeff. How are you? Hi, hi day thanks so much for taking my call i really appreciate your time we're honored how can we help well i'm 56 years old and we're in baby step seven and i heard you say something recently that got me to thinking and that is that Social Security basically is a break-even at that. And I was wondering what the advantages or disadvantages would be like if I were to take out my Social Security as early as I can, 62, 65, whatever the age is, and invest that

money. If you take it at 62 and invest it and don't touch it, you'll end up with more money. Yes, sir. That's what I'm asking. That's my question. Yeah, so the difference in what you get paid if you wait to 65 versus 62 would be made up for in the investment that you create by investing everything from 62 to 65.

You take all that, put it in a lump sum, that lump sum will pay more than it would pay extra if you wait oh and when you die that money is in your estate when you die with social security it disappears magical government math just gone poof just like that oh yeah yeah yeah the social insecurity system gives you a negative rate of return. It is an absolute governmental disaster. Think DMV runs retirement program. Now you got it figured out, okay?

This is what's going on. And so, well, it was never designed to be a retirement program. It was designed to be a supplemental. Yeah, it was designed to be supplemental, and a whole bunch of people are living on it because we've raised a couple of generations now that think the government is so smart they're going to take care of you. And if you wait on the government to take care of you, your life is always going to suck. So he's right, just really smart to ask that question and say,

I'm not going to count on social insecurity when I get to retirement because I'm going to have actually saved some of my own money. Oh, and when I do get the money from the government, I'll never get as much out as I have put in. That means you have a negative rate of return. You don't even get out as much as you put in unless you just live to 192. You know? And so it's a negative rate of return. They are sucking the blood out of the American public continually with this disaster of a program.

Nobody going to do anything about it, though. But I'll whine a little. It's good for me. Yeah. Helps my blood pressure. Ken Coleman, good show this hour. And James Childs, good show this hour. Jenna on the phones.

Good job. This is the Ramsey Show. Have a friend or family member that needs a daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.