The Ramsey Show - App - Dave's Guidelines for First-Time Home Buyers (Hour 2)

Episode Date: February 12, 2019

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. Nathan starts off this hour in Lexington, Kentucky.

Hey, Nathan, welcome to the Dave Ramsey Show. Hey, Dave, thanks for taking my call. I have a question. I'm on Baby Step 2 right now, and we should have our debts paid off by the end of February. I'm wondering if I should take the home equity line of credit that I took out of my home and roll that as a Baby Step 2 also. If it is less than half your annual income. Okay, it is more.

It's about $80,000. And your household income is what? $52,000. $5,200? Yes, $5,200. Yeah, put that at baby step six. And what's the balance on your first mortgage? My first mortgage is right at $84,000.

We've got a lot of equity in our house. Yeah, what's the property worth? $190. So you have it borrowed up to your eyeballs then? No, not yet. No, I mean, you owe $194 on it, and it's worth $190? Yeah, right at the $200 mark. Okay.

And what is the interest rate on your first mortgage? The first one is $.125 okay all right at some point in the future you may want to look at refinancing and rolling these two together you probably can't do that right now because you're upside down in the house and i don't i don't think you're going to get a traditional mortgage at a 4.125 rate, which you probably could get a mortgage at that rate on a 15-year fixed, but I'm not sure you can with enough to pay off your second mortgage and your first mortgage and roll them together. So for now, I would just leave that sitting back there at baby step six.

And in the future, when you've got some equity, if interest rates are still advantageous, then I would look at going ahead and refinancing and putting them together because it's going to take you a while to pay this thing off, and the terms and usually the interest rates on second mortgages usually suck. And so you are going to want to get rid of it, but it sits back there at baby step six. Clean up your little debts, the other stuff, your student loans, whatever else you've got. Build your emergency funds, start investing, and then begin to work down to your baby step six. Brian is with us in Tampa, Florida.

Hey, Brian, how are you? Great. How are you doing, Dave? Better than I deserve. What's up? Okay. So my wife's parents were killed in a car accident in October. Oh, Lord.

Yeah, both of them and her little brother, actually, who was four years old. Oh, my gosh. Yeah, it's been a crazy, crazy time. And we've started to receive some of the insurance money. And we expect to receive about $450,000. And to date, we've received $180,000. And we thought the wisest thing to do was to find an investment advisor. And we're graduates of FPU,

and so we were familiar with the SmartPestorPro program, so we found an investment advisor through that program, through the ELP program. And we were talking to him, and he's made some recommendations on what we should do with the money that we've received so far, and I just wanted to run it by you and get your thoughts on it. So we have $180,000 liquid in just our savings account right now. And he's recommending that we put $25,000 more into our emergency fund. He's recommending that we put $40,000 into a money market account for a future home down payment. And he's recommending that we're going to have to buy a new car. That's another story, but I can tell you about it if you want. It's, and he's recommending we put $15,000 towards the car, and then we invest $100,000

in Frontier Asset Management, which is an investment firm that invests, they have strategies that invest in a lot of different mutual funds. And so we've selected a strategy that we think we might like through that investment company. And that's $180,000. And you are not paying cash for your house. Why? So we don't have a house that we would like. You said you were putting a down payment on a house,

and instead of paying cash for a house, you're putting the money in mutual funds. Yes. Why? That's one question that I wanted to ask you. This is what he has recommended. Not anymore. He's getting wanted to ask you. This is what he has recommended. Not anymore. He's getting ready to get fired. Well, I think that the idea is that that's something that I've thought about a lot,

and I don't really know the right answer. And so I think you're telling me the right answer. Yeah, I do. You pay cash for your house. You went through Financial Peace University. Yeah. You pay cash for your house. You went through Financial Peace University. Yeah. You pay cash for your house. This is a horrible tragedy, but it's going to give you the ability to pay cash for your home.

What price range home are you thinking about buying? Like $200 to $250. Yeah. Okay. And when will some of these other assets be coming to you? By the end of the year. Okay. I would just wait until I had the money, and then I would pay cash for a home.

And because all the data that we have says the average millionaire pays off their home and all other debts and remains debt-free is one of the ways that you take a $450,000 event and turn it into $4 million over a couple of decades. But you get out of debt and you stay out of debt. You've never heard me one time say, start investing beyond 15% of your income going into baby step four until your home's paid off, right? Yep. Yep.

I'm pretty consistent, like for 30 years. So hold on. I'm going to have Kelly pick up. I want to know who your SmartVestor Pro is so that he's not anymore. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money. I'm not going to send you folks to people that don't give you advice

that's not consistent with what we teach. That would be hypocritical on my part. It would be like you coming to our website and me saying we take credit cards after telling you not to have credit cards and telling you to avoid debt, right? I'm not going to send you to people and tell you to do stuff that is inconsistent with what I say here. I don't need money that badly. There's a lot of people, there's a lot of stuff you can disagree with me on.

You can not think that I'm right about something. That's fine. But you will never be able to find a place that you can catch me being inconsistent. We spend an inordinate amount of time being consistent. It's a form of integrity. It's a part of having integrity. So, that's the deal. This is The Dave budget each month.

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Enter promo code SAVEDAVE and receive 50% off your first month. That's puretalkusa.com. Daniel is in Minneapolis. Hi, Daniel. Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for your time and talking to me. I got two kind of quick questions for you. I'll try to make it succinct here. I have started to think about buying a house recently and doing research. I talked to a loan officer and a realtor, and I have debt on a car. It's my only debt. And I generally was just planning on getting that paid off as soon as possible and then saving up for a down payment.

I was just wondering if you thought it would make more sense to sell the car in order to help fund it. So that makes you debt-free and gives you a little bit of down payment, right? Yeah, exactly. What are you going to drive? I was planning on buying something for maybe $2,000 or $3,000. I think, based on the Kelley Blue Book, which I hear you recommend, I think I have like $7,000 or maybe $6,000 that I would make on selling it.

What do you owe on it? $18,000. And what's your household income? I make $53,000. How old are you? I'm 24. Okay. okay but i um i do have a long-term girlfriend so um we haven't really well the house thing is a year plus out you know i mean especially if i was planning on paying the car off it'll be a few years but we we may plan on getting married and then buying the house together and that's kind kind of the plan. Okay. Well, why don't you drive the car and pay down on it until you get closer to that part of the decision?

You can always sell the car later. Yeah. Yeah, and I love the car, which is why I was kind of not going to. It fits within the guidelines. It's less than half your annual income. You could pay it off within two years. The only reason to sell it is it's a blocker on buying your house, but you're not ready to buy the house yet. Right. By the time you get ready to buy the house, the car might be paid off.

Yeah, that's true. And I plan on doing it in about a year. If I'm really aggressive, I can do that in a year. Yeah. And when do you plan on getting married? Year-ish or so. Yeah, and so you would buy a home after that, after the car is paid off and after the marriage. So keep the car paid off. That's really good advice. I got one more quick thing. The mortgage broker I talked to, I just want to make sure this number sounds right to you. They told me to recommend a conventional mortgage and have like a 5% down payment.

Does that sound right? It can be. Like a rule of thumb? Yeah. You have to put at least 5% down. The cheapest mortgage out there is a conventional on a 15-year fixed. If you're not putting down 20%, 20% or less, you're going to get PMI, private mortgage insurance, charged to you, and that's going to cost you about $75

a month per $100,000 borrowed. And so just keep that in mind. But that's not the end of the world on your first home. But again, a 15-year fixed when you're married where the payment is no more than a fourth of your household, her income included, take-home pay. You're debt-free. You have your emergency fund in place of three to six months of expenses.

Jessica is in Tampa. Hi, Jessica. Welcome to the Dave Ramsey Show. Hi, Dave. Hey, what's up? Good. So I have a question. I have step step one done i'm on step two i recently relocated from pennsylvania to florida so when i left my job i had a pension and i put it i put that in

the ira through my bank it's about 13 000 um should i meet with a financial advisor just to sit down and talk about how to put them in the four different categories that you spoke about. Yes. Okay. Even though I'm not investing in it or I'm not ready to get there yet. You've got that $13,000 to roll over, and then you build a relationship with someone that you learn from and begin to trust. And when you get your debts paid and you have your emergency fund in place, then you'll start doing other investing, and that might include a Rothoth ira with this person okay so yeah click smart vestor at

daveramsey.com and because you're a smart vestor smart investor and um it'll drop put in the information it'll drop down a list of the people in your area that we recommend and then you can choose from among those and you'll get advice from the heart of a teacher that is consistent with what you hear here on the air. So these are people that will walk you through, and they'll help you do that rollover. You can roll it from that bank over into some good mutual funds. We don't ever recommend doing a bank IRA, ever.

Horrible rate of return. It's basically like a savings account in your IRA. It's just ridiculously bad. So, good question. Rashad is with us in Charlotte. Hi, Rashad. How are you? I'm doing great, Dave.

How are you? Better than I deserve. What's up? Hey, so right now I'm in a situation right now where I kind of feel like i should have called you about seven months ago so i was i'm in uh right now i'm at 357 000 a debt um i'm 29 years old i just got married a year ago and um we just the most of the debt comes from a house that we purchased seven months ago uh the house was about 326 000 and right now it's eating up like 55% of our take-home pay. And I know that number should be down to 25%.

So I was wondering, we did find a pretty good neighborhood where we're expecting some increases in property value and things like that. That doesn't matter. You can't survive like this. Now, when you say take-home pay, do you mean after you're putting money in a 401K or just take-home pay after taxes? Take-home pay, yeah, no, take-home pay after taxes and after I'm putting money into a 401K. Yeah, that's not the number. The number is not counting 401K, not counting insurance or anything else, just your after-tax income and so how much of this how much would this number change if we didn't count

your 401k um it's for so monthly that number would change to about uh fifty six hundred dollars a $5,600 a month combined for us on the monthly take-home pay. Okay. Meaning the 55% of your take-home pay at that point would be more like 40% of your take-home pay? Yeah. I'm guessing. I don't know the number on the house payment. Our house payment is $2,100. Okay.

And if you did not put money in your 401K, what would your take-home pay be? So I'm using two different incomes, so that's why it's a little bit difficult. So I'm using, like, my Uber income, which I earn, like, $1,400 a month on Uber. And then my full-time job, like, I have a salary for $80,000, but take-homes, usually, if I do not include the 401K, I would increase my $3,800 monthly payment to about $100 or maybe like $220 because I only contribute like maybe $110. You should be getting home with $60,000 to $65,000. Okay.

Which is about $5,100 a month plus $1,400. So we're at about $6,500 and it's $2,100. So your house payment is probably about 30% to 35% somewhere in that range of your real take-home pay, not counting that. I'm just doing this in my head, quick and dirty here. So you've got a strain, but I would stop your 401K until you get these other debts paid off. You've got another $30,000 in debt, not counting this house. What is that on? I actually have $47,000 in student loans,

and then I have another $10,000 in credit card debt, and then another $10,000 in, like, a pull from my IRA retirement. How much do you owe on your cars? I paid off my cars last year. Good. Okay. All right. So we're going to walk you up what we call the baby steps.

Stop all saving, all investing temporarily. Have $1,000 in savings. Do you have any money in savings? I do. I've completed baby step number one. You got one is all. Only $1,000. You're going to have more than that. It's like $1,300, but I just have like 10% of my income going into like a

separate account for like a comfort of saving. Now stop that. Stop everything. Now stop that. Okay. Stop everything. $1,000 saved. Everything above that that's non-retirement, begin to work your debt snowball, which is pay off all your debts except your home,

smallest to largest in that order. You get all of that cleaned up, and you continue to work your butt off and be on a budget, I think your house is probably going to work out okay. It's not great, but I think it's going to be close. Let's get 100% debt-free, accept the house, and build your emergency fund of three to six months of expenses. Then let's talk about the house. This is The Dave Ramsey Show. You know what I've learned after talking to so many people who have been victims of ID theft? They feel violated and they have a sense of fear and intrusion.

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I'm on baby step two, getting out of debt my work now offers a roth 401k what should i do with my traditional 401k can i move it all to the roth not without the taxes being due on that amount and so you're going to create a pretty sizable tax bill and i would not do that at this stage later on when you've got some wealth, you're out of debt, you have your emergency fund, get your house paid off, that kind of stuff, then you can convert that traditional to a Roth or whatever, and you'll just have to pay the taxes on it. I moved all of mine into our Roth a while back so that I could get it growing tax-free from this point forward and have more taxes on it. I moved all of mine into our Roth a while back so that I could get it growing tax-free from this point forward and have more control of it. But I was in a position to pay all those taxes without wincing when I did that. So when you restart your baby step four, you

restart your 401k, you'll start it with Roth. and you'll just leave the old traditional alone until you get your house paid off and have some extra money to pay those taxes with adam is in st louis hi adam welcome to the dave ramsey show hi mr ramsey how are you better than i deserve what's up well my wife and i uh we're on your program uh we, I filed a Chapter 13 bankruptcy about two years ago. We paid on it up until October, and we let it lapse in October, November, and December. So we didn't make any November, December payments, and they dismissed it just last week. Why did you let it lapse? Because we decided to try to pay that stuff on our own instead of having it paid through the bankruptcy.

I don't know. My wife and I have talked about it, and we've been doing real good with paying things off because we make quite a bit of money. So we're doing really well at paying some of the stuff. And one of the things was with our bank. So we kind of wanted to get that paid outside the plan, but they wouldn't let us make payments on it because we made a payment through the plan. And my lawyer advised me that we would be eligible for a Chapter 7 in May, which of this year, because that's why we had been paying on Chapter 13 for a while, and we still owe like $43,000.

My question to you is do we go ahead and pay the $310 fee to re-up the plan and start paying on it again, or do we wait until May and file the Chapter 7? It's just in my name. It's not in hers. Okay. I'm confused. You stepped out of the $13,000 because you thought you could pay the payments, but now you want to take it to a Chapter 7. Why?

Well, he's given us the option, is what I'm saying. Oh. He's given us the option to either pay it or own it. So what is your household income? $110,000. And you have $43,000 in what kind of debt? I was a business that failed for me, so one of them's, two of them are a couple of places that I just owed for the business,

and then one of them is a very old college loan, and one of them is a Capital One credit card, and then one of them is a doctor bill. Okay. Break that down for me. How much were the two vendors? The two vendors were $17,900, and the other one was actually the only one vendor was all I had, and then the other one was a car.

We had a brand-new 16 Ford Taurus that we gave back, and they sold it, and we owed $18,000 on the difference. That's what we owe now is $18,000. All right. And then the other vendor is $1,600. College is about $1,500. Capital One is $2,800. There's a lot of small ones that we could take care of ourselves,

and I do want to take care of them. I just don't know if I should wait. Here's the thing. You were under the protection of the bankruptcy court. You were in the warm house. You've just walked out in the cold. Right. And the door shut behind you.

Now, it's not locked right but it shut behind you and you were standing in the front yard in the snow you following me i mean meaning all these people can get at you again right they can sue you they can do anything they want to do now like you said i think if you roll up your sleeves you can pretty quickly plow through all the little ones. The deficit on the car, you probably can settle that for about 20 cents on the dollar, especially post-bankruptcy with a Chapter 7 staring them in the face, a potential Chapter 7. Right. So you can probably settle that for $4,000 or $5,000. Okay.

And lump sum, get it in writing. Don't give them any money until it's in writing. As a matter of fact, don't do that with any of these debts, even the small ones. You have to get confirmation on exactly what you owe, what you're agreeing to pay to clear the debt, and then you clear it as fast as you can. Right.

Capital One's not going to bother you. The old debt, the old car, the old student loan debt or whatever it is is probably not going to bother you. The old debt, the old car, the old student loan debt or whatever it is is probably not going to bother you until you can get them knocked out. Again, they're all small enough you'll be able to plow through them pretty quick. Right. Now, the company that I owe for some material, they're probably going to come after me. That's 17-9? 17-9, yeah.

Yeah. Okay, so here's the deal. I think that may be your answer. They may answer your question. Okay. So what I would do is call the guy. You know him still? Mm-hmm.

How pissed is he? They just want their money. I'm not sure they would take payments. They would take payments from me even. They just never. I never did that. I always took the step to do the Chapter 13 thinking that was the best way out. We're on your program.

What I would do is just call the guy and ask if you can have a 30-minute meeting. Drive over. Sit down in person. You'll get a lot further in person than you will with e-mails or phone calls. Okay? Right. And say, okay, I owe you $17,900. I don't have any money, but I have a decent income.

My lawyer is advising me to take this $13,000 and put it into a $7,000, which I got a bunch of little debts, and you're the big one. Okay? Just tell him the truth. Just tell him the truth. Right, right. And that's what it is, yeah. And, you know, I got a bunch of little ones, and I got one big one, you.

I can handle the little ones. And, you know, I can be able to clean them all up and so forth. But if you're going to push my nose into the sand, that's going to force me to file a Chapter 7, in which case you'll get zero because that's what Chapter 7 does. Unsecured creditors get zero. Okay? And so I don't really want to do that. And unless you're just so pissed you can't see straight, then you don't want me to do that.

You just want some money. So if I were to save... A couple hundred dollars a month or whatever. No, no, no. I would not cut a payment deal. Okay. to save a couple hundred dollars a month i would not i would not cut a payment deal i would i would say just if i were to save up like eight thousand dollars right quick and hand it to you could we call this i see what you're saying and i bet you for less money yeah i'll bet you he'll take it

okay like 50 cents on the dollar and i would do a reverse debt snowball and i give him his money first if he's willing to do that because then i pay him off the other ones will wait the other ones can stand on their head they're small if they don't stand on their head you can step to the side and knock them out right quick let them scream i'd give them zero for a while and i'd pour every ounce of cash until i gave him 8 500 bucks and settle this or nine thousand dollars and settle it or whatever it is right okay right and whatever the number is but if you can offer whatever we come up with you can do that pretty you could probably do that in 60 days oh yeah easy you'd have to be on beans and rice but you could knock him out we already are and not only, that's a guy you would like to pay.

Yeah. And I can just tell from talking to you. Definitely. I mean, it was a business. Yeah. I don't mind on the car deficit. I'd go to them last after you get all the other stuff cleaned up and offer them a quarter on the dollar with cash. But go to them first.

But go to your big guy first. And if he says no, I want every dime, you just say, I can't do that. I can't get there mathematically fast enough. You're going to force me

into a seven. So please, let's work out some kind of deal and see if you can sit down with him in person and cut a deal. I think you can do that, and then you can voluntarily

dismiss your 13, not have to file the seven and work it through. I'll bet you this will work. This is the Dave Ramsey Show. Dave, do I get rid of my whole life policies and get term life policies? Yes. Been saying that for 30 years. And we've been telling you for 20 plus years to go to Zander Insurance and get a quick, easy quote there. Trish is on the Ramsey Baby Steps community on Facebook.

And you can jump in and be part of the official Ramsey Baby Steps community on Facebook. You can join that. I think there's like 100,000 of you in there or something. Just want to say thanks to whoever recommended contacting an endorsed local provider in your area for car insurance. I contacted the one recommended in our area, and we are going to save almost $2,100 a year. Wow. You were really getting screwed. Now I can even put more towards our credit card debt.

Good. It's been a while since you checked your insurance coverage. Maybe you're like Tricia. You have no idea how bad it is. Yeah, go to a good insurance broker and make the decision to get your insurance shopped among a bunch of different companies. Just go to DaveRamsey.com slash ELP or click Insurance at ELP on the front page. Either one. Scott's in Denver. Hey, Scott.

Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for talking to me. Absolutely. How can I help? It's a huge honor to speak with you. My wife and I just finished baby step three, and now we're ready for the fun part. My question, though, is my parents have asked me to be the executor of their will.

It's an honor. But I have no idea how I go about learning the obligations and responsibilities for this. Do you have any recommendations of where I should start? You could do a couple things. One is it's real simple to understand this. The executor means the one who executes, thus the name. An executor is the executor. That's what that means.

You're the one that's going to execute their wishes. Okay? All right. In order to do that, you need to have a real clear understanding of what their wishes are. And that means, obviously, you need a copy of the will. You need to have gone over. So one thing you're going to do is read that. You're going to discuss it with them.

And you might even want to sit down with their attorney and say, I want to make sure that I know how to do this. Should something come up, God forbid, when something comes up, we all die someday. And so, you know, I'm going to be in charge to be sold and the proceeds to be distributed among your brothers and sisters and you, then you would hire a real estate agent upon their death and, you know, list the house. When they got a contract on it, you would sign the contract and the deed would be required to be signed by the heirs. Okay. And so you just walk that through if there's mutual funds you are to distribute those you know five thousand dollars to go to bobby sue a thousand dollars is to go to henry then you send

this you just execute that you just take that mutual fund and do that with it you just do what they said to do that's all you're allowed to do and that's all you're supposed to do but you need to know what that is so a couple steps one is i'd sit down with them and go over the will understand it two i'd sit down with the attorney the third thing i like to do is anybody that's involved in the will like your brothers and sisters and so forth yeah i recommend a reading of the will while everyone's still alive okay that's a great idea in other words your parents call a family meeting and say scott is going to be the executor here's what's going to happen when we die you're going to get this

you're going to get this you're doing heroin you're getting zero you know right whatever right i mean if you're going to piss somebody off go ahead and do it while you're alive right that way you don't get caught and your brother who gets nothing because he's misbehaving and your dad didn't want to leave him anything is mad at you because you're not allowed to do anything except what your dad said to do in the will that was his will it's what he willed to happen my will is that my children grow up and are healthy. His will is that he wants, that's where the phrase comes from, to do a last will and testament. And so, you know, I just go ahead and let everybody know, even if it's a very functional family, this makes it even more functional. In our case, what we do, mine is so complicated because there's so much crap that we deal with you know

that we actually have a huge family meeting with the lawyer and the leadership of this company every year and go over what happens if dave dies in the next year it's really a horror it's really i mean i hate the meeting because it's all about me dying. Yeah, I could understand some trepidation there. Yeah, but we're planning my death in the coming year. Every August we do this. And so that way there's no brothers or sisters or in-laws or grandkids or uncles or anybody that is under any illusion what's going to occur except what's going to occur. What happens when people don't know they're shut out or not getting something they thought they were getting or whatever, and they only find that out after death, you end up getting blamed, and it's not your fault.

Absolutely. So I'd do a reading of the will. That'd be the last step. But it's really not a lot to it unless the estate is really, really complicated, meaning there's a lot of different assets that mom and dad own. And if they have a super complicated bunch of assets that they own, then it's going to be a complicated process to be the executor. You know, for instance, if there's a family business involved,

who's going to be running the business? Are you supposed to run it? Your dad says to run the business until you can get it sold? You know, there's going to be running the business are you supposed to run it your dad says to run the business until you can get it sold you know that's going to be a process there so those kinds of things you just need to know what you're signing up for and then you you'll know how to get prepared it'll come right to you that's all it is but um it is an honor it is also um fraught with emotional danger from siblings and so forth, and it is also time-consuming. So just keep all of that in mind, that you're taking on a job. And in a bigger estate, the executor typically will get paid an executor fee because it is a job.

It's something, you know, it takes a lot of your time. You're going to be meeting with lawyers, going to court, doing all these different things to execute to the extent that this is complicated. So, hey, good question. Thank you for joining us. Rachel is in Orange County. Hey, Rachel, welcome to the Dave Ramsey Show. Hi, Dave.

How are you doing today? Better than I deserve. What's up? Hi, Dave. How are you doing today? Better than I deserve. What's up? Oh, excellent. I talked to you in December about college, and you said going in-state is the best way to go. The living expenses in California are pretty high, and I was wondering if it's a bad idea to move out of state, live there for a while, and then apply for a college in a state where I would pay less for living expenses. How old are you?

I'm going to be 25 this year. Okay. Well, you're already living in California. Are you living with your parents? I am living with my parents right now. And so you're going to go get a career and establish residence in another state by working there, right? Yes, that would be the plan. And yeah. Okay. I would want to know what that state's rules were with that university on establishing residence. How long does that take? Is it in most places it's a year? Yeah. So I'm looking at Idaho, and I talked to them, and they said it's one year,

and I can reapply again. Okay, all right. And you know what you could do? You could do community college for your first year while you're doing that because you don't have to have residency to do that. Yes, definitely. I have five years under my belt already of community college in California. Oh, okay.

I forgot. I didn't know that part, or I probably did from our last conversation, but I forgot it. Okay. So, yeah, I think you probably got enough done there. Yeah. So, anyway, yeah, I don't think that's a bad thing if you like Idaho. And obviously you've got some connection there, some reason to pick that particular state. And my guess is that's a fairly inexpensive school compared to some other states.

And I think that sounds like a great idea. It's probably going to cut your costs pretty severely over California. So wonderful. And study something that's usable in the marketplace, obviously. Don't get a degree in left-handed puppetry. So, wonderful. And study something that's usable in the marketplace, obviously. Don't get a degree in left-handed puppetry. So, hey, good. Very good. Interesting. Interesting idea. This is

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