The Ramsey Show - App - DAVE RANT: Your Granddaughter Is a Spoiled Brat! (Hour 1)

Episode Date: November 11, 2021

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Music Music Music Music Music Music 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. It's Common Sense for your dollars and cents here on the Ramsey Show. We're glad you're with us, America. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. Starting this hour off, Sacramento, California.

Scott's with us. Hey, Scott, how are you? Good. How are you? Better than I deserve, man. Scott's with us. Hey, Scott, how are you? Good. How are you? Better than I deserve, man. What's up? All right. So I'm a teacher, and the way the pay works is that the more post-bachelor degree units that you have, the higher your pay is. So when you reach a certain threshold, you'll move over on the pay scale to the right and the further over to the right, the more money you make. So I'm trying to figure out if it makes sense to pursue a master's

degree to get more post-bachelor degree units, or if I should do professional development seminars, which can give you units, but I'm not sure if it's worth doing 97 professional development seminars and paying for those units that route. Well, you can look at it several different ways. One way you would look at it, and it sounds like the way you're asking the question, is simply this. What does it cost to increase the boxes that you can check to the right and then how much money do you get increased income due to that cost so it's the cost versus the benefit analysis right so you spend a thousand

dollars on either of these whether it's pursuing the master's or the professional development and uh your income goes up x right so is it worth it worth it? Yeah, it needs to go up, you know, and you get it every year with the income. You only spend $1,000 once on either case, so that's good. The other thing that you can add to that is a collection of personal development seminars really just gives you that collection. You do get all the knowledge from them. If, however, you did a collection that led to a master's degree, you do come out of that with a master's degree, which is a nice extra benefit to have that.

So I'm probably going that route if the costs are similar. Okay, yeah. And from what I can gather, the cost for the master's is anywhere from 3 to 5x of what it takes to do the professional development. And the professional development, it might be a three-day seminar, so the commitment is far less. Yeah, but what's the return? Right. And it seems to me that it costs maybe $100 to $200 per unit, if you will, on the professional development,

where it costs around, from what I can gather, about $500 per unit if you join a master's program. Okay, and then how much do they pay you, increase your pay for a unit? So it's an increment of 15 units. So if I did the master's, it would bump me over two whole columns, and that would be about a $5,000 per year pay increase. Okay. And the master's degree would cost what? About $15,000.

Okay. So in three years, you're breakeven. And the personal development would cost you, it sounds like, about $5,000. Right. For the same amount of column movement. Did I do that right? Yes, that's correct. Okay.

So one's three times more than the other. Both of them increase you about, so you can spend 5,000. Can you do both? Doesn't do any good because there's only so many columns. Yeah, right. There's five columns i think yeah if you did both it doesn't yeah if you did both it doesn't keep moving you along it so you wouldn't get a return right you could you could you max out at a certain number of units and then it's just

yeah you can't go any further over okay well just purely on the dollars, you would do the professional development, right? $5,000 gets you $15,000 a year, or $15,000 gets you $5,000 a year, right? Did I do that right? Yes. So you're paying $10,000 for the privilege of having a master's. That does not increase your income. If I'm understanding your scenario right, that's – now, there's – of course, the value then is do you want to have a master's and, you know, do you want to spend an extra $10,000 in order to have that?

Because that might have uses other times in your life to have that under your belt versus 67 professional development. One other question that's a little bit, when you finish the same number of units of professional development versus the master's, have you increased your knowledge base more with the master's that gives you more job satisfaction? You're better at your job when you go to the master's, or is it about the same? Or are the professional development actually better because they're more practical? If I had to guess, I'm going to say that the professional development would be a better increase in knowledge because there are so many different options, whereas a master's you're more singularly focused.

Okay. Is there any other reason you should do a master's then? Because you got better knowledge and less money spent on the professional development side. I'm just walking through this with you. I don't know what I'm talking about. I'm just helping you with the critical thinking path, okay? And so the only thing I hear you're getting for that extra 10 grand is substandard knowledge

and a master's degree. Right. Right. Yeah, I don't think it gives me anything other than the master's degree title unless I wanted to pivot later in my career, but I don't see myself wanting to stop teaching. I don't want to move into administration. Well, if you did choose that, you can always go back and work on the master's later. But in the meantime, I'm going to jump on 5K for 5K,

and let's get this professional development stuff under your belt. Get the increased knowledge, the increased joy of teaching, because you're better at it. And you can always go back and do the master's later, and you may have a different direction with your master's if you're doing that, because you might be aiming at administration if you chose to make that shift in in your track that's just me thinking through it with you dude i'm not an expert on education uh in terms of the your field or anything like that i'm just looking at the return on investment and what's the quality of what i'm buying and i'm just thinking through it and what that does is it puts all the mystery of, ooh, a master's degree.

And it basically tells you it doesn't mean crap. That's what it tells you. After we cut through all of it, that's what it came down to. So good question. That's interesting. Thanks for letting me walk through that with you. Open phones this hour. Common sense is here.

And common sense is so rare in America today that it's like having a superpower. So we're glad you're with us. The phone number, 888-825-5225. If you've not seen the new documentary by Ramsey Networks, Borrowed Future, you need to download it and watch it tonight. You can rent it at Amazon Prime. You can rent it at Amazon Prime. You can rent it at Google. You can rent it at Apple TV. Lots of places.

You can rent it at BorrowedFuture.com if you want. It's like any other doc. It's about $3 or $4 or whatever to rent it for the night. Watch it. And, you know, it makes you think about things like this master's degree discussion. It makes you think about this higher ed discussion. I am not against four-year degrees. I am not against higher education.

I am against people spending $200,000 at some famous college in order to get a job making $38,000. That's straight up stupid. Our famous $10 sale is here for Christmas. This Christmas you can save tons and give your loved ones gifts that will give them hope. Starting now, you can choose from over 40 of our most popular books, audio books, and more, all for just $10. You can get my number one bestseller, The Total Money Makeover. It's helped millions get rid of debt. Plus, for the first time ever, we have Rachel Cruz's new book,

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our question of the day comes from blinds.com a great american company find out for yourself why blinds.com is the number one online retailer of custom window coverings sharon and i have used this company we love them they're great people you. You get free samples, free shipping, and with the new promos they run all the time, you'll save even more. Use the promo code RAMSY. Today's question comes from Dave in Oklahoma. I'm 72 and have a net worth of over $2 million. Way to go. My wife and I gave our children who decided to attend college a family scholarship.

They were responsible for paying whatever the scholarship didn't cover. To qualify for the scholarship, they had to get good grades and attend church regularly. They all graduated college using this system. My first grandchild will start college next year, so I offer the same deal to her. I got an email from her father saying she was furious that I was trying to force her to attend church, which she already does voluntarily, and that she might quit attending church over it. Other family members think I should have given her the money with no strings attached. Was it inappropriate for me to have some provisions around the scholarship that require grades and religious attendance?

I think your granddaughter's a freaking brat. She's furious because you offered her free money and she didn't like the terms? Wah-wah. Call the whambulance. Dave, this is your money. You could have asked her to stand on her head for 30 minutes in order to get it, and she has no right to be furious. She can just say, I decline your kind offer because i don't like the terms but you don't have to be a furious little brat so uh uh offer withdrawn and family members that don't like it can kiss my butt

if they get some money they get to do with their money what they want to do with their money. But it's your job to manage this money. And you didn't do anything wrong. You have a solid value system. You're a good man. You're kind. You didn't do anything wrong. You didn't make a big deal out of it.

She wasn't worshiping Satan and you tried to get her to quit. She was already attending church. Well, smack me silly. Oh, my gosh. Sounds like she needs to spend some more time over there to me oh my goodness now dude you know you you're you're just being nicer than i would have been i would have just said okay kiddo i'm gonna take you off that list and a couple of others until you grow up and decide to be respectful, you little twit. So there you go. See, I'm kind of old school that way. I just, you know, your money, you decide.

I don't have a right to be offended if you don't want to put your money on something I want you to. Isn't that weird? That's just people are just so entitled. See, entitlement is a form of arrogance. And that's what you're dealing with here. Bless her little heart, which is Southern for, yeah, whatever. Open phones at 888-825-5225.

That's 888-825-5225. Todd is with us in Denver, Colorado. Hey, Todd, how are you? I'm good. How are you doing today, Dave? Better than I deserve. What's up? Fantastic.

Thanks for taking my call. My wife and I started getting very serious about having no debt probably about two years ago, and that includes our mortgage. We're in baby step six right now. We have about $700,000 remaining on our mortgage. And my question is really about the three- to six-month emergency fund. We've started some sinking funds to kind of cover things like house payments or house maintenance or like once-a-year type payments that come up once a year that are due. And so we got those kind of ready for that.

And so we feel like we can cash flow most kind of emergency things, but we also have this capital account at her place where she works. And the firm takes a fair amount of capital, every paycheck. And at this point, I think it has about $250,000 in it. And the only way you get that is if you quit or you're fired, and then they pay that back to you when you're quit. So the only way you get that is if you quit or you're fired, and then they pay that back to you when you're quit. So the question I have is, should we or could we keep a smaller emergency fund since we have these sinking funds and the capital funds there, just so we can get more intense with paying the mortgage off faster? Sure. Yeah. I mean, are both your jobs stable?

100%, yeah. I mean, I wouldn your jobs stable? 100%, yeah. I mean, I wouldn't get lower than three months, but we always say three to six months. On the six-month side, if there's more risk in your house, what you're describing is there's less risk in your house. So three months would be fine if you want to. Because, yeah, currently, unless you were to tap into some of those sinking funds, um, we, we don't have that, that three months emergency. But what sounds crazy at our income. No, I wouldn't do that. I wouldn't do that.

I'd have three months. I've never met anybody in 30 years of doing this and say, you know, I hated having an emergency fund when stuff came up. Yeah. You know, I just, I've never met anybody that did that. And so, and that little bit of difference is not going to offset your $700,000 on this mortgage that much anyway. So, no, I would not be below three months. But in the three- to six-month range, you could land on the three comfortably because you've adjusted for risk off the other side of things now here's the other here's the other thing that happens that's to your credit to go to the three-month side is that as you get into baby steps four five six your your life when you're broke your life looks like a country song everything that can go wrong will

you know murphy shows up every morning and kicks the tires right and when you're not broke you have better stuff and so it doesn't break as much and you're taking better care of yourself so you don't break as much and you know usually that you should anyway and so what ends up happening is as you reach a level of wealth and you start moving through four five six seven on the baby steps you tend to have fewer emergencies you really do and we always joke and say it's because the emergency fund is there and the emergencies are scared but they're not they're not scared there's just fewer of them i mean because when you're driving a piece of crap car it's just more likely to blow up than a good car is you know and you move up you got a little better car right you're

keeping better tires on the car you're keeping the maintenance up on the car so it's not going to bust as often right and when it busts it's not as big and so you know you tend your roof you don't wait till it leaks before you put a new roof on you know you're doing normal maintenance because you have a have a level of prosperity and so your number of emergencies goes down as wealth increases and as you walk along this. So that leans you towards that three-month side, too. But I wouldn't go below the three-month. It doesn't serve any purpose here. This is The Ramsey Show. We'll be right back. In the lobby of Ramsey Solutions on the debt-free stage, Heath is with us.

Hey, Heath, how are you, man? I'm doing well. How are you doing? Better than I deserve. Welcome. Where do you live? Biddeford, Maine. Biddeford, Maine. Yeah, Biddeford, yeah. What's that near? Portland, like 25, 30 minutes from Portland.

Yeah, I love Portland. It's a great town. I've been there a bunch of times. Love it, man. Well, welcome all the way down to Tennessee to do a debt-free scream. How much have you paid off? $21,000. All right. How long did that take you? 12 months.

Good for you. And your range of income during that time? $45,000 to $60,000. Cool. What do you do for a living? I work crisis intervention, so people that are struggling with mental health, you know, depression, anxiety. Kind of busy right now.

Very, very busy. Very busy. Yeah, it's been a hard time for folk out there. It's a tough field, and people are struggling. A lot of people are struggling. But people need help, and that's what I'm there for. Yeah, I'm glad you're there. Thank you.

Very cool. Good for you. So what kind of debt was this? $21,000? Yeah, I paid off a Jeep. I had a family loan that I used to pay off a high-interest credit card. My pepe gave me that, and then I paid off a cell phone. All right.

Yeah. Okay. So just kind of normal? Pretty normal, yeah. Yeah, and you just looked up. How old are you? 30. I turned 30 in June.

Ah, cool. So you look up, and you said 21 months ago, something's got to change. How did you get connected to the Ramsey process? Yeah, great question. I actually, my best friend Ben was telling me about him and his wife doing the Dave Ramsey plan. And pre-COVID, we went out to a restaurant. I told him all my debt, pretty open, honest conversation. And we realized that was pretty much house poor.

I had some debt and some bills um i was a hard worker but i you know it was paycheck to paycheck um so he gave me your book um he mentioned your podcast i read the book great book you know but i i didn't really start it that right right then and there um and then with the pandemic hitting um in maine around march i the i the podcast saved my life wow i i've been binge-watched the podcast from the first episode to the most current one, and it just opened up my eyes, and I read your book again, and that's how that process started. Truly, the podcast was life-saving.

The calls that came in truly opened up my eyes yeah well it's hard to listen to this stuff over and over and not eventually go tried yeah that's the thing like i said oh i'm a single guy i can't do it myself um but i there was calls that came in and i always i wanted to prove the haters wrong like you know i wanted to be like that guy that could do it yeah um. So I listened to your podcast. I picked up a side gig. I did DoorDash for a little bit. But then I actually worked at a COVID shelter in Maine.

Like COVID positive, like new Mainers or homeless people struggling with the COVID. So I worked there, opened it up, and I made an extra like $1,500 a month. Wow. I did that for five months. It was tough. I mean, it $1,500 a month. Wow. I did that for five months. It was tough. I mean, it was pretty much quarantined in my house. But it opened up my eyes. I wanted to just do it and get it paid off. I looked at the debt, and I was like, I can't do it.

But I slowly did it. I paid off the smallest to the largest, and it just worked. Wow. Good for you, man. Yeah. Well done. Well done. Well done. So who was cheering you on?

Who were your biggest cheerleaders? Well, my friend Ben and his lovely wife Kendra. And they came with you all the way to Tennessee to do that free screen? Yeah, we flew here. Didn't drive. All right. Yeah, so I talked to him every day. He called me.

I called him every morning. I mean, at first it was difficult, single, no one there in the house. But it also made it kind of you know easier because I didn't have to worry about anyone else spending money you know I think the hardest part was me eating out you know I the budget was I got on the every dollar app you know when I did that two weeks free of financial peace so that helped helped out. So they helped me. I talked to him every morning. My neighbors, Justin and Debbie,

and their two kids, they helped me. They gave me free food. I babysat a little bit. We had fires outside. We did a lot of hiking. I think you'll see the pictures on YouTube, a picture of us hiking.

So it was just great. And I wanted to change my family tree and my legacy. And I think that's the biggest part of this. I grew up in foster care. My parents gave me up when I was four years old, and I got blessed with a great Christian foster family. I didn't hear about you or anything, but I mean, I was raised well. Um, and when I was 17, I, I actually went back with my, my biological parents and, uh, for a year and it really, they stole money from me and it was there. It was, it was bad. Um, and I had to go to court and whatnot. And, um, I got, I could

go back to my foster family, but I never wanted to change my last name because I wanted to, I wanted to be the first with my last name to succeed and go to college and you know do something right um and you have and i have way to go hero thank you way to go man i'm proud of you very very cool all right so when people ask you how does a single guy making 45 to 60 pay off,000 in 12 months. What do you tell them the key is to getting out of debt? Have a goal and trust the process and rely on people if you're struggling. Yeah. You know, you're going to have bad days.

You're going to struggle. You know, you're going to be like, I can't do this. That's when you call. I called Ben. I reached out to my neighbor. I called people. And some people were like, you know, you should be investing. You should be doing this. But, like, I listened to my neighbor. I called people. And some people were like, you should be investing. You should be doing this.

But I listened to the podcast. I didn't care what anyone else was saying. It's my life. I wanted to change it. And I wanted to be debt-free. No more stress in the world. And I just wanted to live my life. How's it feel now that you're there?

It's amazing. It's changed my life. you know and all my actions have changed and i i'll never use their credit card i'll never get a loan like i i'm gonna fall like i listen to the podcast every single day and it's just like it's truly inspiring and i want to someone listening right now that's single and that's drowned in debt or they can't do it they don't think they can do it. You can do it. And saying that, like, mental health-wise, people are struggling. Yeah.

Depression, anxiety with the bills and, you know, it's okay now. Well, they got a lot of open loops in their lives. They don't have closure on anything. Exactly. And that'll blow your mind. It really, the anxiety gets really heavy. Yeah. So I'm curious.

You've consumed so stinking much of this podcast in a short period of time. Did it feel weird to walk in the lobby and see all this stuff? Yeah. I thought it was going to be like bigger and stuff, but it's great. Bigger than this? I know. I don't know. I don't know what I was expecting.

But I, yeah. And then I was like, does he look intimidating? I don't know what's going on you know um so like i bring you up in every conversation like it's like oh dave and he's like is that an uncle or something you know um yeah who's this weird dave guy um he is that but i i walked in and it's like you know i have a chat with the lady getting coffee and super nice people and yeah you know i i listened to your other podcast, John Deloney. Yeah.

Like, I work in crisis and it's truly inspiring. Yeah. You know, and I will say this before I do my debt-free stream. Like, if you are struggling, please reach out to your statewide crisis outline. Yeah. You know, especially being a Veterans Day for all those served. Please reach out for help. Amen.

Because, you know, it's okay to not be okay. It's important to reach out. help. Amen. Because, you know, it's okay to not be okay. It's important to reach out. Everybody's not okay. And sometimes we really need a place to not be okay. Yes. Yeah, that's good. Well done, brother. Well done.

I'm proud of you, man. We got a copy of The Legacy Journey for you. That's the next chapter in your story to be a Baby Steps millionaire now. And a Total Money Makeover book for you to give away and pay it forward you'll be ben to somebody else yes you'll be in a restaurant someday showing somebody how their house poor and working them through it and like ben did for you you gotta have good friends like that well done ben all right good stuff heath from the portland oregon or portland main area i'm sorry $21,000 paid off in 12 months, making $45,000 to $60,000. Count it down.

Let's hear a debt-free scream. Three, two, one. I'm debt-free! I'm debt-free! This is how you do it, ladies and gentlemen. Woo! This is how you do it, ladies and gentlemen. This is how you do it. Wow.

Hey, when you decide to take control of areas of your life, money being one of them, that's how you change your life. Be not conformed to this world. Be transformed. How? By the renewing of your mind. Well done, sir. Very well done. This is the Ramsey Show. We'll be right back. Thanks for joining us, America.

We're glad you are here. John is with us in Orlando. Hey, John, how are you? Hi, how you doing? Great, man. Better than I deserve. What's up? Well, I'm going to be with my brother. We're going to buy a furniture business that my brother works at. The guy that owns it wants to retire, and pretty much is just wants to sell it for what he has in inventory. But he wants a down payment on the inventory of $75,000, which I was going to

pay that aspect. And me and my brother were going to be partners in this business. But my problem is I'm trying to figure out what the best way to get my $75,000 back, but we're also still partners. So I wasn't quite sure if I should put it on a payment plan or if I should pay my... What would be the best way to take that investment back? Because my brother's kind of bringing in the sweat equity, and he's going to be running the business the majority of the time. But I just don't know how to go about it.

I wanted to talk with you about it. So you're an absentee investor of $75,000 into the business. He's putting nothing in it, and he's going to run it. Yeah, I would say I'm not total absentee because I'll be helping with the purchasing and doing a lot of the books and handling it on that end. So I don't know if I'll be totally absent, but I think it would probably be safe as maybe

a 70-30 split as far as the amount of work that needs to be done. But the day-to-day, he'll be doing. Well, the most fair way to do this, the proper way to do this is a little bit complicated and you may not go for it but i'll outline it for you okay i would put a job description on what each of you are going to be doing and if you were going to hire someone to do what that person is doing he's

the general manager you're the bookkeeper slash purchaser part-time right and uh i would say okay that job if we were to hire someone to do that would pay x and the other job would pay y and i would pay you guys out of the business for the work you're doing first just like you had a job there okay okay then whatever profits are left, I would put 100% of that back in your pocket until your $75,000 is returned. Okay. Do you think also, and that's another thing, is out of, let's say, his inventory is a quarter million dollars.

So we're going to have a balance, and he's going to want a percentage of that to be paid within maybe two years. And he's doing it as far as... What kind of profit is this business making? Well, I would say we're doing maybe half a million dollars a year. So I think he's pulling in maybe out of profit maybe $125 something maybe 150 okay i don't like people investing money and stuff when they say maybe i think yeah you don't know what you're doing yeah we haven't gotten a full you know the open books situation i know what their margins are i know like what

their average sales are i know what they're over you know get into the books before you make any decisions but uh okay that's fine if we say all right we're going to give him 50 of the profits until he gets the balance and we're going to give me 50 of the profits until i get up to 75 and after your 75s returned i'd give him 100 of the profits until you get him out of your life because then there's no investor in the thing. It's completely free and clear. You got your 75 back. He got his money out. Then there's profits.

Then how are you going to split those profits? 50-50? Yeah, I'd like to be 50-50 with them. I think that's the fairest way to go if we're doing this together. Okay. All right. Well, then you would continue to make your income for the job you do, which then, you know, obviously, like you were paying an employee,

would lower the amount of profit, obviously, not by a lot, but by whatever that job pays. And then you'd split the profits 50-50 after that, you for being the investor, him from having brought the sweat and the opportunity to the table to start with um yeah that all makes sense now can i can i step in a little bit further into the weeds with you yeah sure great okay a couple of things that are danger areas that you need to cover uh one is you guys need to have a very clear relational understanding up front that when we're at work, he's the general manager, you're the purchasing agent, and part-time bookkeeper. You use your general manager hat and voice and bookkeeper hat and voice, not your brother voice.

Yeah. Okay. Yeah, that's another one of not your brother voice. Yeah. Okay. Yeah, that's number one of my concerns as well. Yeah. Well, the way you do it is you respect the person. Yeah, you don't have two brothers on the floor of the furniture thing fighting like they're nine-year-olds and the rest of the employees watching and then wonder why you can't keep good people.

So you guys have to have a respect for each other uh i'm the ceo of ramsey solutions rachel cruz is a ramsey personality my daughter and when she's in this office or working on business items she treats me like the ceo and i treat her like a ramsey personality like i would a john deloney or like i would a Christy Wright. I treat her with the same dignity. I don't use my dad voice on her, and she doesn't roll her eyes like a penchant teenager. Right? Correct.

And so you've got to get that relational thing down. That's item number one. You need to work on that. That's a big deal, and you guys need to sit and talk that through. You may even want to write out a little bit of a narrative that you're both in agreement to just for clarification on how you're going to sit and talk that through. You may even want to write out a little bit of a narrative that you're both in agreement to just for clarification on how you're going to do that. And we can argue about football over Thanksgiving dinner,

but we're not going to have a big brother fight here. The problem with a 50-50 business is it's a two-headed monster and nobody's in control if you if you're going to split the ownership of the business 50 50 after your stock after your 5 75 000 is returned now area number two of concern do a detailed in-depth written with a lawyer partnership agreement or don't do this deal and you have you'll have to cover all of the possible negative things that can happen and most of them begin with a d divorce death disability disinterest i'm no longer interested default i just refuse to work but i'd like to keep all the money uh yeah drug use uh that's kind of lawyer uh what would you just a general business practice a lawyer that has a business practice they're used to putting together it's called a general

partnership agreement and what you cover is the negatives because you don't want to be in business with his wife if he dies. Period. Even if you love her and you think she's awesome. That's not what you're signing up for. So what happens if he dies? Well, you probably need key man insurance on both of you, life insurance, term life insurance, that buys her out of his half if he dies. It leaves you, you're the owner of the policy,

but it's used to pay her, you get the money to buy her out, and that's preset ahead of time. And you can preset all that, you know, that's a normal process. And this is how you end up speaking to your brothers still when you're 90 instead of hating each other. Because you have a plan for all the downsides. You have a way to respect each other in the operation of this. Because this is fraught with danger, this whole endeavor. There's a lot of downsides to this if you don't do it right. Family business can be wonderful.

But it can also be cray-cray. And in studying family businesses over the years, I have noticed that the family business is never more functional than the family is. To the extent the family is dysfunctional, the family business is screwed. And two brothers that are, you know, obviously you like each other, you wouldn't be talking about this, but there are those times when you get under each other's skin because you're brothers.

That's how it works. And how are you going to manage that conflict and how functional are you in handling conflict with each other? That's going to affect the business. It's going to destroy the business or it's going to cause it to prosper. And we work with that here at Ramsey. Every day we work hard on it to be able to keep things moving that's a great question you asked thank you a lot of different things a lot of ground covered there for a bunch of you listening on things to do um not a big fan of partnerships but if you're going to do

one with your brother that's how you do it. 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.