The Ramsey Show - App - Don’t Play a Losing Game! (Hour 3)

Episode Date: September 13, 2023

Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Rachel Cruz, Ramsey personality, number one best-selling author, co-host of the Smart Money Happy Hour on the Ramsey Networks, and my daughter is my co-host today. Thank you for joining us, America.

The phone number is 888-825-5225. Cheryl is in Medford, Oregon. Hi, Cheryl. Welcome to the Ramsey Show. Thank you, Dave and Rachel, for taking my call. This is a first-time caller, and I'm happy to be here. Well, we're honored to have you.

Glad you're here, Cheryl. Big breath. So I have a question. I'm in my late 60s, and I'm married happily to my husband. We have five adult children. I've been listening for about a year. And what's changed in my situation is my mom passed away about five months ago. Sorry.

And thank you. It's been, she was sick for a while, so, you know, it still was hard. But the situation is she left. We grew up on a piece of property there, and she's been there since about 1958. And we all grew up there, and now this property is in a trust, and we're all trying to figure out how to divide it amongst us. And it's just been really volatile, not that I haven't contributed to it because I'm a woman, but I just want to do and honor the Lord and just honor my sister and my brother,

but it's difficult because they've all put a lot of money into the ranch, and my mother has it in the estate that she wants it divided amongst us, and we've kind of been an outsider because we've branched in other places and now we're here now and we're just trying to figure out our role. So what is the trust asking people to do and what is it they don't want to do? The trust has asked that we divide it equally amongst ourselves. How is that fair if they put money into it and you didn't? Let's see, how do I go about that? They invested it in areas that benefited them and kind of an area that they wanted to.

How did it benefit them? They didn't own it. Did they make money off of that? Yes. One was in hemp, trying to grow hemp for a couple years and building a building that utilized that resource. And then another was in... Yeah, but that building now has a value, regardless of whether hemp's in it or not. Correct. $50,000. Yeah.

And that building, if they built that building with their money, your mom didn't, that should be their money, right? Correct. If I was them, that's how I would see it. Okay. Which is, let me tell you, the whole idea that they would build a building on someone else's property without having everything lined out in the trust in detail was pretty stupid because it sets up a big argument your mother and um your brothers and sisters should have their butts kicked for not doing this properly because it

leaves you in a lurch so they what is it they're wanting to do the brothers and sisters my sister has moved a lot of property uh let's see, has moved buildings onto the property and put buildings on the property, some of them legitimate and some of them not. And then she wanted $150,000 for providing care for my mother. But the trust doesn't allocate that. No, and then she lived on the property and her children did, and 50% of her children did at the same time for the last five years. With no rent?

Correct. Okay. All right. And so, well, so I guess the negotiating is that I assume you guys have an estate. Who's the trustee? My brother. Oh, Jesus. Okay. The youngest. And so he's really caught My brother. Oh, Jesus. Okay.

The youngest. And so he's really caught in this. Bless his heart. Yeah, he is. Yeah. Okay, so his job, unless you guys come to a mutual conclusion otherwise, he doesn't have a choice. He legally has to follow the terms of the trust, whether he wants to or not.

His only out is that everyone agree to something different and go along with it. But otherwise he's going to divvy this up straight up. He has to, because otherwise he's liable for suit. He has a fiduciary trust responsibility as the trustee to execute the terms of the trust. If he doesn't, any one of you that are the beneficiaries would have cause against him. So Cheryl, the fact that you know that there's other, you know, they've put money into it.

How are you feeling? Are you on one side saying, yeah, you got to divide it up a third, a third, a third. It's what it says. Or are you like, I want to be fair in this and do the right thing. I just don't know what it is. Where are you at in all of it? Well, it's kind of complicated because all the assets are on one part of the property. It's worth 2.2, but it's hard. Some of it's exclusive farming. And so you can't really do anything with it and that necessarily can build on it. And that's the part that we've been interested in but then when we research it it's going to be pretty expensive to try to you know put things that we have to do to live there and

we live about an hour away why don't you just sell it and that's that's a possibility too your part i mean just sell your part oh well we've we've just wanted to farm. You know, it's kind of our way to try to – well, we have cattle. We don't have a place for them. We have a couple at the ranch right now, but we have – So you're thinking about moving on the property? Well, we've been thinking about it, but it's been a little – Next door to all these people that you disagree with. That sounds joyful.

That's what I'm concerned about. Yeah, I guess so. That doesn't sound fun at all. Like next door to my brother who's still mad about something that happened 15 years ago. Oh, my God. I would have to have real good, solid, loving, harmonious relationships before I'd want to live next door to him. And I don't know if this story you're telling me ends there. So you need to consider that part of it.

But here's your bottom line on the whole thing. Let's pretend that you wanted to allow your hemp brother and your sister tenant to get a little more than you got because they put buildings on it in my mind uh the care that she provided for your mom is offset by the fact she got free rent so that's absolute bull i'm dropping that one if i'm you but um she gets nothing uh she already got it it's called free rent and so then whoever brought buildings on will take the value of those buildings out of the equation and then split what's left three ways then they get their

buildings back and so that because you should not benefit i don't think ethically from them putting a building on the property because you didn't put money in it it's their money again the whole thing was dumb dumb dumb dumb dumb that you all let that the family did this doing this stuff is how people end up not speaking to each other generationally you end up with the hatfields and the mccoys and so yeah you're just it's just dumb but anyway it's all that's water under the bridge but let's say that you said all, we're going to take the buildings off. Now we run an appraisal.

Then you get your buildings back. So, you know, you got your buildings back, and then I get my third of what's left. I would agree to doing that. And no $150,000, that is exchanged for the free rent. If you all agree to that, then little brother, the trustee, can go along with that. Otherwise, he has to execute the trust. He does not have a choice. This is the Ramsey Show. Thanks for joining us, America. We're so glad you're with us. We appreciate you being here. I'm Dave Ramsey, your host. Open phones at 888-825-5225.

All right, guys. Last call about the estate that's messed up and the late 60s brothers and sisters that are left fighting because their parents and them did business very poorly. What is the takeaway? Number one takeaway. If you're 18 years old or older you need a will period now let's understand what a will is if i if i have a will if i uh will it for if it is my will for rachel to be on this show she's on the show okay as a guest or as a host co-host right okay if i have a if if it is my will to wear a green jacket today i will get

it out of the closet that's that's what you want to have happen is your will okay that's what having a will means this is what you will is what you want to have happen in your last will and testament It's the last thing you want to have happen and you are testifying to that fact That's all that means so this is what I want to have happen when I do a will and The executor of the will the word executor is one who executes They execute what I wanted to have happen. They don't have a choice. Same is true of a trustee on a trust. The executor can't change the will. It's not their job. And even if they don't like it, even if they think it's not fair, they can't just change it.

The trustee can't change the terms of the trust it's not their job their job is to execute those the what that person intended to have happen what they wanted what they willed to have happen and they testified to that fact okay so keeping your will up to date is huge it should be done in the state according to the laws of the state in which you reside. So if you change states, get a new will. Any other major thing that happens, divorce, get a new will. Death of someone that's in the will, get a new will. Update your freaking will.

Because it's incomplete, it's wrong, you can't execute it if you live in idaho and you did a will in tennessee okay it doesn't it's not federal law it's state law probate law is state law so it's done according to the laws of the state you reside in when you die and so if your will is done something or asked for something to be done that the laws of that state you're residing in don't allow and you haven't updated it you're screwed up the whole thing this is called grown-up paperwork grown-ups do a will well i might die you're gonna die it does not increase your probability of death when you do a will. You're going to die. There's a 100% death rate in the human race, okay?

Plus or minus Elijah and Jesus, okay? The rest of us are going to die, okay? So that's it. Get a will. Go to Mama Bear Legal Forms if you have a basic life and you don't have a lot of complication, and get an inexpensive will online. It's a great will, but it's state specific mama bear legal forms we've endorsed them for years you've got a

complicated situation get an attorney get an estate planning attorney i have spent an amazing amount of money on estate planning to keep the government's freaking hands off of it and then once a year we have a little meeting with all the ramses and all the leaders at ramsey and we tell everybody and it's labeled if dave dies this year that's the name of the meeting if dave dies this year it's we call it the monty python meeting i'm feeling much better it's just a flesh wound but yeah uh oh my god and we sit and talk about my death for an hour and a half and what happens what has changed since last year in the operation of ramsey and the operation of this piece of real estate going scuba diving what are all the ways i do all the stuff i do all the stuff so i'm not gonna quit doing all the stuff that's

not the point because i'm gonna die it's part of the program so i'm i'm good with that because heaven's on the other side of it i'm perfectly good with that so anyway get a freaking well and when you're gonna do stuff with a family piece of ground like that family had and you're gonna i'm gonna move in with mama and i'm gonna take care of mama oh by the way i'm charging all y'all 150k well kiss my butt i don't think so we can stop that on the front end we don't have to have an issue here you're going to move in take care of mom so are you expecting to be paid uh we're going to write all this down uh or we think you should be paid because i'm happy you're there to take care of mom okay i'm more than happy with that and so if you get more of the estate because you took i'm happy with that but we should do all of this in

writing as a part of the program and then not leave it behind confused and so if you're doing something in your will like i'm not going to leave jim bob any money because jim bob does heroin and he'll go get heroin and kill himself so jim bob you're out of the will go ahead and tell jim bob while you're alive because he's going to be pissed and you might as well have the pleasure of him being pissed while you're alive you might as well stir it up heroin stir it up stir it up maybe it'll clean him up but i mean go ahead you know this this stuff of we're gonna go into the paneled office of the lawyer and the weird uh plastic surgery induced stepmother and the uh inbred child and all this other stuff in there, like some movie,

and we're going to have a reading of the will. That only happens in a movie, okay, a bad movie. And we've all seen the movie, all right, several of them. So in real life, real people go ahead and communicate with their family. They say, brother is putting a fifty thousand dollar hemp building on the property god help us and so brother is going to get not gonna that fifty thousand dollar building is not going to be included in the value that is split three ways because it's his freaking money and we're going to write that into the trust before brother because he apparently smoking the

hemp put the building on there without freaking dictating that he was going to get his own money back okay so people listening though right now god need to get a will yes but what do you say to people because i get this question a lot that my parents they don't want to talk about it they don't want to do a will whenever we try to bring up the conversation they shut it down well then don't put a building on their property okay i know but but what's your advice what would you say to someone though that's like how do i help my parents see that they need a will so that we're not in this situation mom and dad we love you so much we would love to see that your legacy is carried out the way you want it to be carried out. When it's all in your head, nobody knows what the flip you want to have happen.

So maybe you ought to write it down. It's called a will. It's what grownups do. Okay. And by the way, by the way, the government's going to end up with a bunch of this too. If you don't, if you don't screw around and do this right. Some of these estates, that's a two million dollar estate there that one is not going to be subject to federal estate tax now but it would have been under obama okay and so uh trump's estate uh limits are still in place

right now because biden hadn't gotten around to screwing that up but uh but he will eventually once he wakes up from well anyway the um all right so i mean seriously people write it down and then have a review with your family here's what we want to have happen i'll give you another example okay the this is public knowledge so i'm not telling some big tale the ramsey kids now own the vast majority of this company i own a minority position but i own the only voting stock so i'm still in control okay we transferred that out of our names sharon will get none of this company if i die before sharon does it'll go straight to the kids it's part of our estate plan by the way Sharon knows that Sharon doesn't want anything to do with this place the kids are going to run it that's

what she does she just wants money that's all she wants and so we got that we got Miss Sharon set up because we the whole estate plan is also presupposing I'm going to die first which means she has a plan so golly so anyway that's an. Okay, that's a weird thing. It didn't go to my wife and then to my kids. It went straight to my kids. And she's one of the owners prior to that, too. But you talk about this crap, and you put it down in writing. It's called a will. It's called a trust that's updated.

So, people, do your will and tell everybody about it that is in it or not in it so that they don't have to fight about it later. This is The Ramsey Show. Hey, you guys. Health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance, Christian

Healthcare Ministries. CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape. And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs. Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budgets. I'm Dave Ramsey. Your host, Rachel Cruz, is my co-host today. Dennis is in Richmond, Virginia.

Hi, Dennis. How are you? Hi, how are you? So my name is Dennis. I'm 20 years old. And my question is, is it crazy that I'm asking my mom for a loan of $8,000? Now, I know the question sounds crazy because there's not really a backstory, so can I give you a brief backstory to go with it? Sure, sure. Okay, so I've been investing for about two years now. I started my freshman year in college, and I've been day trading for about a year and a half.

One of my closest friends is an up and coming hedge fund manager. So I get a little bit of information from him, but I'm mainly an investor. About a year ago, a year and a half ago, before I started really day trading, I was only a referee. That's my only job I have because I'm in college. So I might make $500 in a weekend and I would take probably about $300 out of that $500 and put it into Webull to invest and then just keep the other $200 to live off. And I would just keep doing that.

And at one point, I asked my mom for $3,000 because my father had just paid all of my child support at one time myself a year. It was $40,000, and I was still trying to, you know, come up with it. Where's the money? Why do you need money if you're day trading? Why do I need money? Yeah. Did you lose all your money? Yes.

Okay, so that's what I was getting to. So you suck at day trading, and you want her to give you money not really because yeah really you lost all your money you suck at it well it was from ahead because i've also made all the money i didn't lose where's the money how much money do you have 30 000 how much money do you have now, I don't have any money in my brokerage account because I took the rest of it out because I didn't want to go any lower. How much money have you lost day trading? I lost about $15,000 in a week.

You suck. That's what made me take my money out. Yeah. But I've also gained about $27,000 in less than a year. Yeah. Okay, let me give you the numbers on this, okay? 78% of day traders lose money net-net. When the story is over, 8 out of 10 day traders lose money.

20-year-old day traders who referee, the number's approaching 100%. Mm-hmm. Don't do this anymore. And your mother's right. No, she should not give you money. I would not give you money because you're going to lose it. Even if you can see that the games are there and if you check the money i just told you eight out of ten day traders lose money you're 20

freaking years old and you referee games on the weekend what makes you think you're better than the others people i i don't but okay you going to lose money then. Yes, I understand that I lose money. Then why would you keep doing this? It gives me more money to invest. At a certain point, my mom told me, like her mindset, nobody in the family invests or does any of this stuff. Good, because they don't want to do it like you. She told me that I was stupid.

She's right. No, I was first investing. This is. She told me that I was stupid. She's right. No, I was first investing. This is when she told me that I was dumb for investing or taking half my paycheck and just investing and stuff. I recently just found out day trading, and at first I didn't day trade. I would just hedge. So that's where it had brought me up the amount of money.

I bought some SDAL calls and bought some SDAL trades. Dennis, you are playing a game that guys that get paid millions of dollars a year play, and most of them aren't good at it. I mean, guys that run multi-billion dollar mutual funds do what you do, and they still have questionable results. It takes them years and years and years of training and experience to do this. Not I've got a friend who was once worked for a hedge fund and I'm 20 and I referee on the weekends. You are, you are the recipe of a disaster, sir. Please don't do this anymore. Your mom is right.

She smells a rat and it's, you're going to hurt yourself, son. Stop it. I don't think I'm going to talk you out of it because I think you're convinced yourself. But, dude, I mean, listen, if eight out of ten people that walk down the street named A Street get attacked by a bear and killed, don't walk down A Street. I mean, this is it. It's not. I mean, why do I think what am I going to get a bear suit i mean no i mean don't walk down a street eight out of ten people that walk down the street a bear kills them son that's what i'm telling you you know and dennis please don't act like you're different yeah and i think the appeal right when you get rich quick it is that's what i'm saying is i'm

like i there there's such a better formula to handle your money long term. And I think you have the, you know, you have the capacity to do that, to do it the right way, Dennis, that lowers the risk. It's not going to be as exciting and it's not going to be like, boom, boom, oh my gosh, this, this and that. It's not going to bring that, but it's going to bring a level of stability and build a really great financial life for yourself by starting great habits. I'm like, just slow down. If you have debt, Dennis, pay it off. Have some cash in the bank to save. I mean, you hustle. You're looking for opportunity. It's just your momentum and your focus is just geared in a way that's really risky, and you're not going to come out better on the other end versus doing something else. Playing the commodities market is almost as dumb, if not dumber. I did that. I had a finance degree. I actually know something about this stuff, formally, academically studied it. Hello.

It was not I had a friend that was in a hedge fund. And a guy comes to me and he goes, hey, my buddy over here has been doing gold trades and we're going to buy some futures on the gold trades and the last 11 times that he has picked the future date and our purchase rate on the thing um and if we put in 5 000 bucks we'll get 50 000 out the last he's 11 for 11 on his last five guess what i put in 5 000 bucks the 12th one he missed which means you lose the whole $5,000. You either get 50 or you get nothing. That's how this works.

So that was my gold investment because I'm just as stupid and dumb, I mean, just as everybody else. I had to try it because I'm smarter than everybody else. Let me tell you, pride goes right before the fall. Once you think you find somebody who's got it all figured out and they got a system, yeah, bull crap, okay? The only system that works is long-term investing in long-term track record things where 80%, 90% of the people doing it make money, not where 80%, 90% of the people lose money and you think you're the freaking exception. This is how Vegas is operated.

Everybody thinks they're the exception, and that's why Bellagio has nicer furniture in their lobby than you do. Because you paid for it. You people that thought you were smarter than the house. That's why they have Chaloui or whatever that architecture. It is crazy. What is the name of that famous sculpture that does the lighting? Oh, I know.

Chaloui or whatever lighting in the lobby. With the blown glass. Probably Chaloui. Chaloui, is that it? Chaloui. Thank you. i know chelui or whatever lighting in the lobby with the massive blown glass yeah probably probably chihui chihui is that it really thank you the guys in the booth are trying to help me with my hillbilly but uh yeah it's like a million dollar picture in the lobby right fantastic right over the right over the right over where you check in and guess who paid for that stupid people that's who paid for that okay people that thought they were going to beat the house listen if you do it for entertainment and you're out of debt stupid people small amount of money

and you choose not entertaining to lose money it's not entertaining to think you're the exception of the rule i know they make you feel that way i'm a 50 50 story oh god help us you and dennis go invest together this is what you all need to do no it's just the long-term play dennis we just want don't please and hey great for refereeing yeah good for you no i'm just saying that does not qualify you to be a day trader i know because you can call a five-year-old soccer game this doesn't set you up to be a day trader it's not it's not like the prerequisite to winning at day trading so um you know he does do hard work thank you for that yes and thank you for earning some extra money and so forth but i think your mom is a precious lady i love her she's got some sense mom don't give dennis any money there you go uh not for day trading

that's right sorry dennis you didn't get what you wanted here, but you will always get the truth because we love you, and we don't want to lie to you. We want you to have a good life, and so we're always going to tell you the truth, even if it's fun. This is The Ramsey Show. Our Scripture of the Day, Deuteronomy 28, 12.

The Lord will open to you his good treasure, the heavens, to give the rain to your land in its season, and to bless all the work of your hand. You shall lend to many nations, but you shall not borrow. That's the blessings on the house of Israel, on the people of Israel. The promise when they go into the promised land. The curse is you borrow. The blessing is you are having rain on your land in its season.

Jim Henson said the only way the magic works is by hard work. But hard work can be fun. Father of the Muppets. Yes, I didn't know that. All right. Stephanie is up. Stephanie is in Minneapolis. Hi, Stephanie.

How are you? Hi, I'm doing great. Thanks so much for taking my call. Sure. What's up? So a little bit of context. My husband and I are three years into marriage. We did a Ramsey-ish thing for the past two years, but we have gotten really gazelle intense on baby

step two. And we are looking to be out of debt within the next eight or so months. Congratulations. Thanks. So as we're doing this, of course, Murphy comes around. And what we're facing right now is that my husband's mom is looking at about $50,000 in dental work that needs to be done. All of her teeth have to be extracted. She needs dentures or implants or something like that. And she is looking to us for help. So she called and asked my husband to fill out a loan application while she was at the dentist. And he was like, I can't do this right now. I'll call you back later. So of course, we talked and learned more that she's hoping that maybe we would, if we aren't willing to do that, we take out a home equity line of credit or maybe sell the house. So as a little bit of background, my husband purchased this home for his mom a few years back before we got married. But by purchase, I mean she paid the down payment and she has been giving him money to pay the

mortgage. But he had the credit score. He had just graduated from college. And so they used his credit score, his name, for first-time homebuyer. And this debt has been weighing on him because if anything happens to her at any moment, then we are now responsible for that house as well. You live in that house? We do not live in that house. Okay. Where is that house? That house is in Connecticut.icut oh that's her house yes okay so she's going to sell her house no it's technically in his name so so he could sell he could sell the house that she lives in and get get rid of the debt and she

would have the money for her dental out of the house that is hers it's morally hers but it's in his name right so then we don't understand fully the tax implications of selling the house and then giving her that money uh how much money is it uh the dental work would be no no how much, no. How much is the house worth? Oh, the house is worth about $350,000, $360,000. Okay. What did they pay for it? $235,000. I mean, $360,000 and $235,000. Was that the two numbers?

Yes. And how long have they had it? Probably about six years now. Okay. All right. And he's not been depreciating it as a rental property on his taxes has he nope okay good and um okay there may be a little bit of tax involved but it won't be a ton okay it'll be 15 of gain would be $360,000 minus the selling expenses, which will probably be $30,000, so about $330,000. So you might have $100,000 in gain, and it might be $15,000 in taxes.

So I would sell the house and pay the taxes and give her the money. Okay, and is there a gift tax on giving her that money? Yeah, you're going to have to manipulate this because this was a dumb, bad deal. It's going to take a little bit of work to get out of it. But no, we're not borrowing money. If she wants to sell her house, by the way, she needs to get a second and third opinion. I've been doing financial coaching a long time. I have never yet heard of a $50,000 dental operation.

Not once, unless there was some kind of car accident well if they're taking all of her teeth out i don't care veneers or something i don't care i i really want to get a second and maybe a third opinion okay okay on this in other words if you're going to do a fifty thousand dollar uh remodel you get three bids the same same thing here, okay? Because I'm suspect, okay? So, yeah, I think if mom wants to sell the house that's hers, we got to figure out what the tax implications are, and that money has to be held back, and the rest of the money she can have and use for her dental. Okay.

But no, I'm not going to borrow money, no. And she doesn't, and don't put a heloc on the house obviously no not in your name you already got enough debt in your name yeah exactly yeah so she's now a renter with good teeth okay gotcha thank you so much oh man i'm sorry what a mess let me tell you though this is a really clean break to something that's going to get worse year by year this is going to go sideways at some point because this lady doesn't handle money well and he's propped her up with this purchase and it's going to go sideways someday so this is the this is a good time for it to go sideways and get it cleaned up and get all get his name off of all of her debt the debt that's associated with her okay so the best thing is to sell this house let her take the money and just

keep whatever this house meaning the one she lives in that's in your husband's name right yeah but get to get tax you got two types of taxes you have to consider like you said gift tax is there a way to work around that and then you also have to consider the you said gift tax is there a way to work around that and then you also have to consider the capital gains tax on it capital gains tax probably going to be around 10 or 15 000 bucks on this based on what you told me something like that and there if you can you can probably move around some stuff on the gift tax and not have any but you probably need to do a couple of g tax a couple of gyrations it's ridiculous if you get into it but um what is the thing this year i can't even remember

get my cheat sheet out it's fine uh 16,022 okay so it's probably up a little bit from that so it's probably 20,000 so you know that that much of it's not going to be taxable, but the rest of it they're going to have to do something with. Yeah. And I don't know. You need tax advice, and you need a realtor. But I think this whole story is going to change

when you tell mom the house is sold. Because right now all she's going to do is borrow, and now she's got to move. So I think this is going to change. I bet you the whole thing blows up. But I'm trying to stir up trouble. Because trouble needs to be stirred up here. Because it's going to come sooner or later.

And we might as well go ahead and get it out of the way. Because, yeah, you don't have a money problem, Stephanie. You've got a mother-in-law problem. And I'm trying to help you with that. So get her with good, clear boundaries. Yep. And yep and in that situation like she said you graduated college had a good credit score mom needs a house I'll take it out in my name right all the your husband this stuff this stuff happens your husband didn't tell his mother no when he should have but he wouldn't know too though that's what I'm saying is a lot of this stuff though this is where it is it's it's

the good intention yeah Yeah, it makes sense. Mom can't get the house, but I can put it in my name. She can pay me. Like, it all sounds good until you're married. True. And also, that's why you have to be careful with money and the good intention with family members and

friends. So don't put your name on other people's debt ever. And if you're going to gonna loan if you want to if someone's asking for a loan you either give it or say no but this whole like attach your name to my stuff and my money think that it just gets weird it gets weird so remember it's clean everything needs to be clean i guess i'm gonna get hate mail from dentists but that's okay i'm trying to get trying to get more of them i think dental stuff is expensive though well yeah and sometimes and yeah check it get a bid yes get another opinion it's not a bid it's a we're not getting we're not doing drywall but don't

get a bit but yeah let's get several get several opinions and estimates and is there other ways to solve this problem yeah because this sounds like a complete reconstruction like a car wreck or something yes like oh man nasty extracting everything and a whole new set of teeth young young young young people you 18 year olds 17 year olds 22 year olds parents come to you asking you to do stuff like this, don't. I love you, Mom. No. I love you, Mom. No. And by the way, no is a complete freaking sentence. There you go.

I love you, Dad. No. Sometimes the dads. Well, this was Mom. I know, I know. Come on. That puts this hour of the Ramsey Show in the books. We'll be back with you before you know it.

In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, it's Rachel Cruz, co-host on The Ramsey Show. If you want to do your debt-free scream live on the show, visit ramsaysolutions.com slash debtfreescream. We'd love for you to come to Nashville and tell Dave your story. That's ramsaysolutions.com slash debt-free screen.