The Ramsey Show - App - DAVE RANT: The IRS Wants to Snoop in Our Bank Accounts?! (Hour 1)

Episode Date: October 14, 2021

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Live 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 and host of The Ken Coleman Show, is my co-host today as we talk about careers and jobs with him and life and so forth with me and Ken together.

This is launch day around Ramsey, Borrowed Future, the documentary, is available as of now. You can watch it on Apple TV, on Google Play, and on Amazon Prime or BorrowedFuture.com. If you're a teacher and you would like to show this student loan expose to your students after they see it, I promise you they will go to college without debt. It will scare them straight. And we're here to stir up a holy ruckus. It's what we do around here. And I can promise you this documentary will be some people not happy when they see what we did to them.

Because we expose the underbelly of some of these places that have been misbehaving for years. And all shows up in this documentary. You will enjoy it. It's riveting. It's very, very, very well done. Borrowed future. Anywhere great, docs are found. So, Ken, the Wall Street Journal reads, the IRS wants to look at your bank account.

On your next trip to the ATM, imagine that Uncle Sam is looking over your shoulder as if your annual tax filing wasn't invasive enough. The Biden administration would like to look at your checking account. Charles Reddick, the commissioner of the Internal Revenue Service, wants banks to report annual cash flows for ordinary account holders. Treasury Secretary Janet Yellen is promoting the plan and the white house ways and means committee is debating whether to include this mandate in the democrats 3.5 trillion dollar spending bill miss yellen says the reporting will help to catch wealthy tax dodgers in a recent letter to the committee she said the plan would reveal opaque income streams that disproportionately accrue to the top. Yeah, the wealthy are evil, and I'm sure they're all hiding their money in the bank,

you stupid woman. Seriously. Well, this is unbelievable. Had I not seen that this was an actual article, I would have thought this was a spoof from the onion. This is so unbelievably outrageous that the federal government is kicking around the idea of being able to look into our bank accounts. Let me tell you something. This is going to get nasty right here because there's always another way around it.

Every time government tries to move and pivot to take away our personal freedom, people figure it out. I hope some bankers are paying attention right now because if i can you imagine can you imagine that this would not help deposits that's what i'm saying yeah it's going to disrupt and destroy an industry i gotta tell you the irs plans to review every account above a 600 balance or because that's the people that are these are the wealthy tax dodgers here well there's the catch it's not about wealthy people it's about everybody yeah it's about control again it's time

for some pitchforks to come out i gotta tell you a little bit of a little bit of a probably a couple of uh torches to go with the pitchfork yes it's also a privacy breach waiting to happen not long ago the confidential tax records of jeff bez, Mike Bloomberg, and other wealthy Americans were exposed by ProPublica. Whoever leaked or hacked those records committed a crime, but the IRS has revealed nothing from its promised investigation. Adding bank account info to the IRS, Trove would risk the disclosure of savings and spending information of political adversaries in the same way. No, that would never happen. Twenty-three state treasurers and auditors signed a letter last month opposing the plan, calling it one of the largest infringements of data privacy in our nation's history.

You think? By the way, watch this. Watch how this might just flood the cryptocurrency thing becoming an outside fringe thing to an actual everyday thing that's why this thing is out there i'm not endorsing it at all i don't do anything with it i want to be very clear but that's where this is coming from because of this government overreach you watch it it's just going to if this happens or even tries to happen it's going to create a tidal wave of of mistrust and all kinds of problems it's laughable it's so absurd it really is it's it's it's mind-blowing that that they think that this could actually

happen or the yeah and and you know i would think that probably one of the more powerful lobbying groups even for democrats would be the bankers absolutely that's why i laugh and i would think that they would put their big heel on this and grind because this is going to create um a lot of cost for them because they have to build systems to report this to comply this is like this is a billions and billions of dollars of cost for the banking industry. Yeah. Because by God, if you got $750, Joe Biden wants to know it. Oh, yeah.

And first of all, let me just say this. This is an opinion. I just don't think this has any legs to it all. It's so ridiculous. But the emperor is officially not wearing clothes. That's where we are right now. This is such an unbelievable suggestion yes on top of everything else he's taking his clothes birthday suit needs ironing

yes it does yes it does don't do that it's just so absurd that this that this policy would even be floated no it's just but it's you know it goes along with a lot of the COVID overreach and some of these other things that are overreaching constitutional rights. It's been going on for some time. Just how much before people bow up on it. I think this would do it. Apparently, there's a weather problem with Southwest Air right now. The weather everywhere Southwest Air is flying is bad. Yeah.

And so they're struggling with weather. Yeah. And everywhere they land is a problem. Yeah. So, yeah, this is going to – these statements and policies and supposed things, even if you don't implement them, if you just toss it out there like a trial balloon that has a grenade attached to it, it still has implications. That's a great point. It reverbs through these industries.

That's absolutely a great point, Dave. This is a threat to privacy. A threat. Right now, it's a threat. It's not an attack yet, but it's a threat. And I don't know if there's anything more private than our bank accounts. You start talking about people's money. I mean, we're talking, you've been doing this for a long time.

We're talking crazy emotions around your money and the privacy of that. This is a threat to privacy. That's what this is. It's like a banana republic where you can't trust the banking system, so you have to keep your money under a mattress, and you have to stay off the grid because you can't. It's not trustworthy. It's correct.

They steal, they cheat in some of these crazy countries. And are we going to devolve into that with this kind of movement out of the federal government? Of course, the good news is we've got a group of governors on several of these issues that are saying, your overreach doesn't extend across our state line. We're not going to allow it. And then we've got another group of governors that went, oh, yeah, we uh whatever you want to do we're with you big joe yeah this is out of control out of control the tyranny is uh is real so yeah just let them poke around in everybody's bank account not to mention how much that costs not to mention how much you do. But every time you get ready to move your money that you earned, they want to know about it.

Yeah. We'll see how that works out. This is The Ramsey Show. I'm sure most of you have seen the news recently about ransomware, cybercrimes, identity theft, and more and more data breaches. If you thought it was bad before, let me tell you, it's gone off the charts and it's out of control. crimes, identity theft, and more and more data breaches. If you thought it was bad before, let me tell you, it's gone off the charts and it's out of control. It's impossible any longer to just bury your head and hope it doesn't happen to you. Today, it really is a matter of when it will happen and not if. We all live in this cyber world and need to make sure we have the best protection possible without wasting money. That's why Zander's ID Theft Protection Plan is the only one I've ever recommended.

They combine smart cyber protection and prevention services to help reduce your risk, and their team of dedicated experts takes over the work if you become a victim. They even provide one million dollars in stolen funds protection and kids are free on their family plan go to zander.com or call 800-356-4282 ken coleman ramsey personality is my co-host today open phones at triple eight eight two five five two two five michael's with us in tamp, Florida. Hey, Michael, welcome to the Ramsey Show. Hey, guys, how you doing? Great, man. What's up? Hey, so I'm having trouble deciding if I need to take this new job along with the challenges the schedule will have with me and my wife.

We just had like a big rent increase in the entire Tampa Bay area. And the job was going to pay me probably about eight grand more walking into the door. And I want to know if I should take the job. Why would you not take the job? What are you wondering about? So I have an older child from a previous relationship, and she comes over every other weekend. And it would disrupt my time with her as well as my wife and I disagreeing about,

you know, I have one son, and she wants him to play sports and I do too, but by the games being on the weekend, I wouldn't be able to be there. And we've kind of been bickering back and forth about that. And I'm trying to get her to hold off, you know, to agree to hold off on it, but I'm having a hard time. Yeah. So are you guys in tough shape financially to where this $8,000 bump is really, really

needed? How is it going to affect you guys if you don't take the bump? Besides all the relationship stuff. I know that you guys recommend 25%. Our rent shouldn't be that, but the take-home pay and the rent increase will probably put it at about 30 percent what do you make a year combined last year we made 98 okay so you're talking about an 8% increase or a 7% increase.

Yeah. And your dispute is you would be working every weekend. Yes. Doing what? What are you going to be doing? I'm a truck driver for Dr. Pepper right now, and I have a better opportunity at a food service distribution as a food truck driver. Okay. And will you be working weekends then the rest of your life?

Yeah, because I have a friend of mine that works there, and I was communicating with him about it, and I spoke with his direct supervisor, and he kept it. You know, he was honest with me. He said he's been working Saturday for 18 years he says I hate it you know and I just I have guys quit all the time because they have kids that want to you know play ball and they want to be there and they can't Michael is it is it possible I just want to know what your opinion is, is it possible, do you think, that you could find another job making $8,000, even more than $8,000 more, where you don't have to work weekends?

It's very tough. I've tried Tinker and Hazmat because I do have those endorsements on my license, but those guys work Saturday and Sunday in evening time. I've turned down countless jobs, even up to paying 90 grand because they want you to work in the evening, and it's Saturday and Sunday. Are these all driving-related jobs where you're driving? Yes. Yes. But again, I want to put that question back to you. I think you've limited yourself because you've got a background. You may enjoy driving. I think you have to open up your possibilities right here to say, well, wait a second. I've got some experience and I've got some skill. And it's very transferable. I can

do a whole lot more than just drive a truck. And you are making a pretty decent household income together, but you can increase this. I think you've got to open yourself up to what's out there and when you begin to look for those things you will see those things and you got to get busy on this because taking this job is not about the eight thousand dollar bump you're gonna be very miserable relationally because you're gonna miss your kid you're gonna put pressure on your wife to not let the kid play sports and all that stuff. And that's just a bunch of relationship turmoil that is related to you boxing yourself into, this is the only thing I can do. And I think that's the challenge, to begin to see what else you can do that is a much different schedule that doesn't require you to work weekends the rest of your life. This is a great market

right now to be looking. And you've got to just harness all of that negative energy and turn it into I'm going to look for something else that does fit my relationship goals as well because it's out there. Yeah, and this is the moment because with all the stuff happening in the economy, one of the issues is logistics, meaning delivery by trucks. And we've got ships that they can't get into port because they can't get the trucks to put the stuff on and so i'm not suggesting you start driving over the road i'm just saying that truck driving is at

a premium right now and so no i would not take this other job but no i would not stay where i am either that That's correct. And so I'm going to do what Ken said. I'm going to expand my – the color – the page you're coloring on is not big enough. You need a bigger page. And you need to draw a better picture of where your future is going to be. Hang on the line, Michael. I would love to give him a code, a link and a code to the Get Clear Career Assessment, which is going to help you see things you've never seen before.

It's a wonderful tool. It'll take you less than 20 minutes. It'll help you see purpose in your work, but more than that, give you some real possibilities. You can see what you have to offer to this world because you've got a lot to offer. Mark is in Los Angeles. Hey, Mark, welcome to the Ramsey Show. Hey, Dave.

Thanks for taking my call. Sure. What's up? Dave, I have a legacy journey question. My wife and I are on Baby Step 7, and we have a nest egg of about 4 million, 3 million in IRAs and 1 million in a taxable brokerage account. We'll live off the interest, you know, with the goal of preserving the nest egg as an inheritance for my daughters.

Here's my question. As we manage this nest egg, I'm currently planning to deplete the money in the IRAs and grow the money in the brokerage account over time with a goal of leaving the kids a portfolio that's 100% brokerage account and no IRA money so their inheritance isn't encumbered with any government strings or tax bombs or anything. And what I wondered was, is this the right strategy? Yes. And if so, how you would recommend I manage it to achieve it?

Yeah. I mean, you've got the idea. And it's just a matter of drawing down on the thing fast enough to keep, you know, that you hit the perfect mark, right, where there's nothing left except the brokerage account when you get to retirement. So your money that you are generous with while you're alive to other things, your money that you are living off of all comes out of that IRA because that is – it doesn't create an inheritance tax. The IRA doesn't, but it is taxable because it's a traditional IRA. It's going to be taxed as an inherited IRA or inherited 401K.

And so, yeah, you're right. You're on the right track. But there's not a magic number to it. If you know when you're going to die, you can figure it out easy. Yeah, right. But, you know, just start running your numbers and deplete it exactly at that moment. But you don't have to worry about that. If you can just minimize the damage or minimize the process that they have to screw with the government by using this strategy, it's very, very wise.

I think you're way ahead of the curve. That's some really good thinking on your part. Really good thinking. Beautiful idea. I hadn't even thought of that, actually. Really? No, I haven't. I may need to think about that myself.

Well, that's good. That's kind of a nice thing i've done a whole bunch of other things to keep money off the estate plan right uh from a state tax standpoint but um but i haven't thought about that stinking 401k which is sitting over there it's a monster right so is it about the pace by which he has to draw it down there's no i mean well you've got to use it up because anything he doesn't use up is going to be taxed right but you could there's nothing that keeps you from pulling out a certain sums at some point and certain something i mean you can do it discriminately as you're going to pay taxes on it he's going to pay taxes on it or they're going to pay taxes on it right you know and get out of the taxes but it's not a state tax it's income tax right on the 401 401k. And this is one of those

tax dodges that the wealthy do. This is why the IRS needs to get in our bank accounts. These evil wealthy people. We worked our whole lives and we actually built up something of our own money and already paid taxes on it once and then they want to get us again.

Pay your fair share, you evil wealthy people. You evil, wealthy person. This is The Ramsey Solutions on the Debt Free Stage, Don and Paula are with us. Hey guys, how are you? Good. Where do you guys live? Bemidji, Minnesota.

All right. Welcome to Nashville. So good to have you. How much debt have you guys paid off? $135,000. Way to go. And how long did this take? Oh, 26 months. Good for you. And your range of income during that time? $148,000 to $158,000. Good. What do you guys do for a living? I'm a

physical therapist. I work for a large credit union. Okay, very cool. What kind of debt was the $135,000? We had three credit cards, a home equity line of credit, two vehicles, a camper, and a massive student loan. Oh, man. A big old student loan, huh? Massive. How long have you guys been married? 18 years. Wow. So what happened two years ago that put you on this Ramsey journey? We actually heard about you back in 2007. A friend of us had gifted us your DVDs.

We read them, listened to them, thought it was great. At the time, though, we only had the massive school loan and the mortgage, so it just didn't stick. Fast forward, life happened, and you know, Paula always took care of the money, so in 2018, you know, all of a sudden she comes to me and says, you need to quit going out for lunch. Well, okay, well, thankfully I only live seven minutes from lunch or from work. So I would go home and do dishes and laundry and go back to work. Not a big deal. So a few months go by and she says, we need to cut cable.

We can't afford it. We can't afford the $100 a month. Oh, okay. Begrudgingly, I did. So in March of 2019, I'm working away. And that morning, I get a phone call from her. She was traveling a lot for work. And she says, you need to get out of this podcast. We need to do this now. And it was your podcast. Hopped on, never looked back so we we took our credit cards from april and itemized everything and uh in the month of march dave we spent uh one thousand two hundred and twenty five dollars out

in restaurants and two hundred and twenty five dollars out in coffee shops wow never know where your retirement was going you were eating it never again no and we never looked back wow it was game on game over wow wow yeah you don't do any of that when he jumps he jumps into the deep end yeah that's right wow that's pretty impressive very cool so you went wide open then for the next two years yep because game over these numbers are pretty impressive. I mean, you've been on Beans and Rice. Yep. Yes, we have. I mean, you had to have broke people making fun of you. We had a lot of naysayers, absolutely.

I bet you did. Still a lot of haters. Unreal. But now you're free and they're not, so here we go. Look at me now. How you like me now. Yep. I like it.

Good for you guys. I'm so proud of you. Thank you. Very, very well done. I'm so proud of you. Thank you. Very, very well done. How does it feel to be free? Unbelievable. It is absolutely crazy. Yeah, I mean, the emotion is all over you, Don, and it's powerful stuff.

Where's that coming from? Is it the sacrifice? Is it the future? Is it all of it together, your feeling in this moment? Well, it's just the feeling in 2019, you know, basically being normal, living in an outhouse. And now I'm in a penthouse. Kids' college, funded. Retirement, fully funded.

It's done. I don't have to worry about money anymore. It's over. Wow. Very cool. Wow. So, Paula, what do you tell people the key to getting out of debt is now that you guys did it? You know, I think for me, well, A, the budget.

Because it was crazy, you know, always being in charge of the finances and paying off the credit or trying to pay off the credit cards. And we didn't have the money to pay off the credit cards. And then we did a budget. And it's like, holy crap, we have extra money to put toward this debt. Where did this come from? Well, it wasn't going out to eat and the coffee shops. And so the budget was huge. But I think the thing that made the difference in 2019 versus 07 when we initially heard about you was we had a why.

You know, in 07, we didn't have the kids. We didn't have to worry about college. And now we have the kids and we have a lake lot. And the goal was to build a house at the lake lot and be able to do that when our kids are still with us and not out of the house. And so I think it's having the budget, but having that big why. So it sounds like you were handling the money obviously and just kind of giving don instructions and uh the last instruction you gave him was uh listen to this podcast which meant that you no longer got to handle the money by yourself but you also didn't have all the weight on your own shoulders carrying all the decisions by yourself and talk

about how important it is or how you felt when your husband has put his shoulder up under there and lifted some of the weight off of you by making the decisions together it was it was huge i mean i was the one that always took care of everything and all of a sudden don is the one that's checking the bank account like 500 times a day you lit him on fire didn't you? And he's like, oh, just so you know, I updated the budget. I updated every dollar. And it's huge.

And honestly, it's so nice because I know that we're both on the same page. Because back in the day, there were times where we would go out to eat and he'd be like, oh, I got this. And I'd look at him like, oh, we don't got the money to got this but now i don't need to worry yeah so great all right so so don you got on board right and it's obviously went all in okay absolutely what was the most extreme thing you did early on that you look back on now and you go this this helped me go from conviction and knowing that we have to do it to this got me really going. You know, there was an instance a couple weeks in where she had called me and she was down shopping with one of her sisters

and she had asked me if she could buy a sweatshirt. And I said, no, you cannot buy a sweatshirt. You can use one of my sweatshirts. I have 12 of them that I never wear. So you can go ahead and use one of mine if you need a sweatshirt. We do not need a sweatshirt. You can use one of my sweatshirts. I have 12 of them that I never wear. So you can go ahead and use one of mine if you need a sweatshirt. We do not need a sweatshirt. Wow, the bravery to say that, my man. How did that go?

I want to hear the rest of that story. Well, I told, I was shopping with my sister. She was in town and she's like, oh, Paula, this is really cute. You've got to get this. And I was like, no, that's not in the budget. And she's like, oh, come on, Paula. It is a sweatshirt. And I was like, I can't's that's not in the budget and she's like oh come on Paula it is a sweatshirt and I was like I can't it's not in the budget and she said fine I'll call up Don I'll ask Don and I said oh the sister called you can ask Don I know what he's gonna tell you he's gonna

tell you no way and she's like he is not and she got off the phone and she goes don told me you couldn't get the sweatshirt i was like i told you he was gonna say no nice that's discipline though hey that's it that's when listen if you live like no one else later you can live like no one else and you know when you make 158 000 a year and you don't have any debt you can get a sweatshirt yeah by the way i would like to point out at this appropriate time don you should probably buy her a sweatshirt. By the way, I would like to point out at this appropriate time, Don, you should probably buy her a sweatshirt. One that says Nashville on it while you're here. She's earned it. This woman earned a sweatshirt. We're going to go all in on that.

Matter of fact, Ken's going to buy you a sweatshirt. Oh, there it is. With my money. You guys are fun. Thank you so much. Congratulations. We're very very very proud of you you brought the kiddos with you what are their names and ages let's get them up into the shot we have garrett and owen who are 12 and mallory who is 10 all right very very good most awesome very cool we got a copy of the legacy journey for you that's a your next chapter in your story for

sure you've changed your whole legacy guys as you said you've got a great why uh you change your life for your kids and you change their life in the process very cool stuff also copy the total money makeover for you to give away to somebody one of those people that was making fun of you maybe maybe they maybe we can help them out that's a good idea so very well done all right don and paula garrett owen and mallory from minnesota 135 000 paid off in 26 months making 148 to 158 you are looking at life change right in front of you count it down let's hear a debt-free scream three two one we're dead free that's how it's done right there baby yeah freedom it doesn't get any better. Hey, listen. When you work that hard and you sacrifice that deep, you'll never go back.

No. You can hear it. Those people never go back. I'm not going to talk to them later. They'll go, well, Dave, you know, we sort of fell off and went and bought a car on a day. You're not going to hear that from Don. No. Don has changed. He's done.

Yes. He's stick a fork in him. He's done. Yes. This is the Ramsey personality, is my co-host. Open phones at 888-825-5225. Brian is with us in Boulder, Colorado. Hey, Brian, how are you?

Hey, Dave, good. How are you doing? Better than I deserve. What's up? Well, pleasure to be speaking with you. I wanted to talk to you about we recently refinanced our home to a 15-year mortgage, but it puts us over your recommended 25% of our take-home pay. It puts us more at like 35%, and just wondering if we should be looking for a cheaper home. Well, here's the thing.

The whole reason for that ratio of 25 is for people not to sign up for something that causes them to be so pinched in their budget that they're tempted to go into debt for things they should have been saving up for in other words if the house payment is pinching your budget so tight that every little thing that comes up looks like it's going to be a new debt, then that's being house poor, and that's the thing. So 35% doesn't kill you, particularly if you are on a career path where you're going to see your income come up and it's not going to be 35% for long. It's going to be 30%, and then later on it's going to be 25%. So I don't know that we have to panic about this, but it's just a matter of do not be

continuously engaging in a process that makes you broke, that makes your monthly cash flow pinched. And so, you know, as long as you have a good career path and you think you're going to see your income coming up, I wouldn't panic and jump ship on it at this stage. Now, if you're going to go buy a home, don't do that. Okay? Don't go buy a home and take on 35% and go, oh, well, my income is going to go up. Now, that's just, you know, that's twisting my words.

That's not what I'm saying. But you're already in a house. Are we going to sell the house, move, go through all that expense when in 24 or 36 months your ratios would have been all right anyway because your income came up no i'm not going to do that but don't go signing up for these things in the future that puts you in a pinch that's the whole point of the thing so ken the great resignation is underway a lot of people 55 of americans one survey says are thinking about changing jobs actively right now couldn't be a better time for us to launch a book, From Paycheck to Purpose, The Clear Path to Getting Work You Love.

I think your book's timing might be just maybe the best I've ever seen. Yeah, we believe so because people are changing for a variety of reasons. So whether or not you just want to get promoted and make more money, you're doing what you really enjoy now, you just want to move up, get a bigger shovel to get through the baby steps, or you're just showing up to a nine to five and you feel like you're just miserable when you pull up in the parking lot Monday morning, or you just want to find what is that meaningful work. This book really helps everybody who wants to work on purpose, who wants more than a J-O-B, who wants to make income and impact. And the seven stages that we unpacked in the book, no matter who you are or where you are,

will get you there. And that's why we're so excited about it. Everybody knows that there's something they're supposed to do, but they just wonder, how do I get there? Is it possible? And the answer is yes. There is a clear path. Now, just a couple of weeks before we ship these books, they're in pre-sale right now.

If you want $100 worth of extra items, including the e-book including the um the audio book including a whole bunch of other things go ahead and get the book now for twenty dollars and you get over a hundred dollars worth of bonus tools resume templates and guides a video course that'll coach you through the interview process all of this paycheck from paycheck to purpose at Ramsey Solutions. Go ahead and pre-order it now. Our question of the day comes from Blinds.com. Find out for yourself why Blinds.com is the number one online retailer of custom window coverings with free samples, free shipping,

and the new promos they run all the time. You will save even more. Use the promo code Ramsey. Today's question comes from Amit in Michigan. I'm 30 years old. I work for a local credit union, and we get quarterly reviews. I've met expectation for my next review, and I've upped my skill set. I want to ask for a sizable raise after working really hard during the lockdown

where half of my team worked remotely. During that time, one coworker and I have been in the office whenever it was open, and I recently found out that one of my coworkers is making $15,000 to $17,000 more than me. And when this person takes time off, I'm responsible for making sure their tasks get done. The only person who knows how much work I put in is my manager. I currently work over 60 hours a week. I do love my job and the company I'm working for, but it is hard when I know I'm putting in more work than everyone else and getting paid less.

Well, we've heard this question before, and unfortunately, the psychology around this kind of information that you've gotten is really hard to overcome because you are now aware and you are comparing yourself, and that is a very dangerous, dangerous place to be in because you can't do much about this. In this situation, when you go into your next review, leveraging this information isn't going to help you. I wouldn't do it. What I would talk about is a growth plan. I would lay out how much you love the company as you put in this email and that you want to be here and you want to grow, not just professionally but financially, but you lead with professional growth. What are some areas that I can get better in where I'm a little bit weak?

What are some skills, some tools I can add to my tool belt that will allow me to, A, get more responsibility, drive greater value, B, and then C, grow financially as well? That's the posture by which you approach this so that your leaders get some buy-in. They see your hunger but also your humility, and that's all posture by which you approach this so that your leaders get some buy-in. They see your hunger but also your humility. And that's all you can do. And if you've got healthy leadership, they're going to respond. And they're going to talk about a growth plan and then measure the growth that's tied to compensation. If they are not going to address this and they kick the can down the road,

this is a sign that it may be time for you to move on and where you see a ladder and not a lid yeah that's the thing and so there is nothing wrong with saying in my mind and you can correct me can um how can i add value that will make you want to give me more money because i'd like to see some more income but i want i want to be worth. Yes. Instead of, I deserve this because so-and-so. That's right. If you say, I deserve this because 60 hours, I deserve this because so-and-so, the entitlement, I deserve this thing, is one of the most negative possible emotions that you can generate. And you've gotten yourself kind of down in that hole a little bit here.

Yeah. A little bit of a pity party going on in the email there. Oh, sure. And rightly so, but still, you know, it's a wrong posture for you to get ahead. You're not supposed to know what your coworker makes, and this is why. Because it's almost impossible to deal positively with that. And that's why I laid it out. When you sit with your leader, you don't ask for a raise.

You ask for a growth plan. You lead with, as you notice what I said first, where can I get better? What are some areas where you think I could get better? How can I add value that once makes you want to get better? That's it. I mean, I own Ramsey Solutions. If you come in my office and I'm doing a review with you or whatever or we're talking or even you just came in randomly and said, listen, I'd like to make more money.

And the way I want to do that is I want to be worth more. How can I be worth more? How can I add value? Versus I actually had a guy come in my office many years ago, had more degrees than a thermometer, overeducated fool, and said, you you know show me his resume you know a guy like me that has this many degrees uh we usually make like a lot more than i make now and i said well you know you're working a small business son and he said what do you mean i said well small business works like this your raise is effective when you are i don't give a crap about your degrees when you do something i'll share it with you that's how it works in a small business but but you know i got a degree so i got or i got six degrees so

you know what are you a black belt yeah i mean come on no so um that didn't that doesn't that didn't play in dave's office no and it won't play anybody else's either by the way exactly right not because i'm a jerk it's just that's the way it is. Yeah. Open phones at 888-825-5225. Again, this is launch day for the new documentary. Borrowed Future is available where any great documentaries are seen. For instance, you can see it on Apple TV. You can rent it for $4.99 on any of these locations, including Google Play, Apple TV, Amazon Prime. Thank you.

I knew there was another one floating around. Yeah, I've got to decide which one I'm going to watch it on. Maybe I'll just do all three of them. Well, we're number two right now. We launched it this morning. Yes. And we're number two among documentaries on Apple right now. That's great.

So it's already come out of the gate pretty strong. And I've got to tell you, when you guys watch this thing, you're going to tell everybody you know they have to watch it. It is amazing. So proud of our team. Borrowed Future. How student loans are killing the American dream. Out today. 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 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.