The Ramsey Show - App - Don’t Put Off Till Tomorrow What You Can Do Today (Hour 2)

Episode Date: August 1, 2022

Dave Ramsey & George Kamel discuss: Selling a home by owner, Multi-family investing, How to handle an inheritance, Staying motivated on your financial journey.   Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is done, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work that they love, and create actual amazing relationships. George Campbell, Ramsey Personality, is my co-host today. The phone number is 888-825-5225. Aaron is with us in Austin, Texas. Hi, Aaron. How are you? Hi, Dave. Hi, George. How y'all doing today? Great, man. What's up? So I've got a question about selling my house. I'm just taking on a promotion, and so I'll be selling within the next 30 days.

And I listen to you religiously, so I kind of know your answer, but I want to make sure. Instead of using a real estate agent, I was thinking about selling it myself and using my brother-in-law, who's an attorney, to do all the paperwork to save in the realtor cost. I did speak to a real estate agent that sold us the house back in 2018, and based on the comps right now she had told me about a month ago that she felt very comfortable listing the house at at least 230 or i'm sorry 330 and so i was wanting to go a little over that and um i'm looking at maybe twenty thousand dollars in the fees so i just he would he would be doing it for free my brother-in-law so i just wanted to get your thoughts on that okay your brother-in-law is not doing anything that the real estate agent does when you sell a house you typically use a title company or a closing attorney to close the house

and you pay a closing fee and the closing fee is not that much money so you're not really saving anything that the real estate agent real estate agent doesn't close the house anyway they just are the marketing agent and they sell the house for you help you with the negotiation help you walk through the whole sale process and all the details but when you finally get to closing is the only time that you're using an attorney you don't use an attorney to draft a sales contract on a residential property sales contracts just written what about just written up by an agent what about the profits though the profits from the self put from the sell of the house is don't they get like a six

percent on the profit of the sell the house no they get six percent usually of the sale price of the house and there's lots of research out there that shows that you will get on average more than six percent for the house because you used a professional agent that knows what they're doing and um and so the typical house sold through a typical good high quality realtor sells for more than six percent more than the typical FISBO for sale by owner like you're talking about doing because you don't know what the flip you're doing. I mean, you already stumbled around your pricing just in describing it to us. So, Aaron, let's walk through this. If you do it for sale by owner, let's say you're able to sell for $300 because you can't do any marketing and you're hoping someone drives by, whatever it is.

If you get a good real estate agent, you can clean it up, stage it well, professional photos, MLS listing, the whole nine yards, you might sell for $335, which means you made $35 more on that sales price than if you did selling it on your own. And let me tell you, here's what's interesting. Let's pretend with this for a second, okay? Let's pretend that there was a house next door to you that was the same price with the same features for sale with a real estate agent. And your house is for sale by owner with the same price as the real estate agent house next door, okay?

Which is the way that you would pocket the commission, right? You'd have to sell it for the same amount, correct? Right. And you put 6% in your pocket if you didn't use a real estate agent in that scenario. And if that buyer looks at these two houses that are identical, basically, or they're on the same street or they're next door to each other, they've got basically the same features and the same price. And he comes and knocks on your door. Instead of knocking on the other door you gotta know what he's thinking hey i'll be able to get this house cheaper because this guy's not having to

pay a commission wouldn't he yeah and guess what you can't save the commission as the seller and the buyer get a cheaper price save on the commission as the buyer both. It's the same commission. You both can't save it. And so it doesn't end up happening is what happens. And your time on the market is longer. You're more prone to make mistakes with the valuation and what you put it on the market for.

The mistakes and negotiation are horrendous the things you leave out of the sale contract that cost you a deal because you don't know what you're doing this is your this is your largest asset all you're hiring when you're hiring a good real estate agent is a consultant that knows what they're doing now i don't want you to hire a bonehead real estate agent that got their license that doesn't knows what they're doing. Now, I don't want you to hire a bonehead real estate agent that got their license, that doesn't know what they're doing, and doesn't sell any houses. That's sweet if you got your license, you don't sell any houses, but you're not really a real estate agent.

The people that sell 40, 50, 100 houses a year, that's a consultant that knows what they're doing. They're worth their money. They're high-octane, high-protein, and that's how you get after it and so um you know just just no i i would use a good real estate agent i've had a real estate license since i was not you know since i was 18 years old 1978 and um it's not unusual well i actually own a real estate company too now but as an internal as part of our property management process. So I use them, but they are real estate agents too.

They know what they're doing to sell a property for us. We don't sell many properties, hardly at all. But when I listed my personal residence and I sold it last year in 2020, I listed it with a real estate agent. Again, full disclosure, I own the company but um i didn't keep the commission i paid the agent the commission that works here work for me you know so uh and i know what the flip i'm doing but i i also know enough to know that i don't know i'm not up on every little thing that's going on out there right now because i'm not doing deals every day i don't do 100 transactions a year personally yeah so i want somebody that does if they're

going to help me with an the marketing of a high dollar asset get a real estate agent and go to and don't necessarily go back to your old agent your old agent might be fine but go to ramsey solutions dot com click on elp get one of our trusted people that has a high octane high protein track record interview three or four people if you're going to hire somebody and pay them 20 grand which you are or 10 grand or which you are you know you you would interview more than one you know that you're not getting a haircut you're selling your house that's right this is a big biggest transaction of your life probably so this is not amateur hour i don't i don't trust myself to do it, and I've got a pretty fancy camera, and I feel like I've been in the marketing world,

but this is another ballgame, and I just hired an electrician. Could I have YouTubed it for hours and probably got it wrong, got in a fight with my wife, got electrocuted? All to save on the electrician's fee? Absolutely. But I decided I'm going to let the pros do it, and that's how I feel about it. I don't pull my own teeth.

Yeah. I like to see you try, Dave. I've got a dentist. Just tie it to the doorknob and run. Just grab that pair of needle nose pliers and have at it. I don't even work on my own cars anymore, which is harder for me than the real estate thing. But I open the hood, I can't even find the, yeah. I can't find nothing when I open my car, Dave.

It's just trunk space. You mean you can't find the battery? Nope. There's a big old battery under there somewhere. It's underneath. Oh, just follow the smell. You'll find it right next to the fire. Oh, boy.

This is The Ramsey Show. so George Campbell Ramsey personality is my co-host today thank you for joining us America how many times have you found yourself saying one day when thinking about a goal you have one day, I'll be able to buy a house one day. I'll be happy in my career or one day. I won't have to battle with anxiety anymore. Stop waiting around. Whatever your one day is, you got to start right now. That's why we created smart conference. Smart conference is the one day event get it where we tackle all areas of your life and guys let's face it we could use that kind of boost right now you'll hear from the nation's top thought leaders best-selling authors on money career mental

health relationships marriage and leadership the event will be in d, Texas on Saturday, October 22nd. Event passes are selling fast. The VIP and Platinum is already gone. You can get general access passes still for $39. Best-selling authors, world-class speakers include Rachel Cruz, Dr. John Deloney, Ken Coleman, George Campbell, Christina Ellis, I'll be there, and our friends and leadership experts from Life Church Teaching on Marriage, Craig and Amy Groeschel.

And, of course, we have some big surprises planned, too. Listen, this is already 65% sold out, and it's in October. So I'm telling you, most of our events are selling out way early right now. If you want to come, I would suggest you go and get your tickets. And if you come, I will make you this promise it's a day long i will also promise you'll leave tired and emotional and you will be smarter that's why we call it smart conference our question of the day comes from blinds.com find out for yourself why blinds.com is the number one online retailer of custom window coverings, free samples, free shipping, new promos all the time.

You'll save even more. Use the promo code RAMSY to get the best possible deal. Today's question comes from Rick in Rhode Island. I see many multifamily real estate investment groups on LinkedIn and other platforms. Many require a minimum investment of $35,000. It's my understanding this investment is to grow capital needed to construct or purchase apartment complexes or condo-type housing.

The payouts come at a predetermined point in the future. What are your thoughts on investing with these groups, and how risky is this type of investment? In general, there's a huge spectrum of risk to give you a general answer, all the way from you're crazy as crud, never do it, to probably very little risk. It's probably a good, solid deal. So the trick would be how do you alleviate that risk? You've got to do a lot of due diligence on the actual people doing the offering.

Some of these are structured as what are called limited partnerships. You would be an LP, a limited partner. The general partner is in control 100%. The amount of fees that they charge for putting the deal together, front end, back end, going in, going out, handling the renovations, whatever it is they're going to do, the property management, all that kind of thing, the fees that they charge can be the place that you lose your shirt, where you make almost no money. You put $35,000 in, you get $37,000 out three years later, and that would be like a waste of time for the risk you took.

You could have just about made that in a stupid bank account right so um they can be very risky if the general partner doesn't know what they're doing or if they load it with fees but there are many of them that are operating that do a great job uh and you know i've got i don't do this kind of thing because i only buy i don't do partnerships uh the only ship that won't sales a partnership so i don't get in partnerships and i for I don't do partnerships. The only ship that won't sail is a partnership. So I don't get in partnerships, and I for sure don't get in partnerships where I have zero control. Someone else is controlling my destiny. You're just hoping it all works out. I just hope it all works out.

That scares the bejeebies out of me. So I don't do this kind of thing. But I've got several wealthy friends that do these things, you know, $35,000 to $150,000 a pop, and they put money in, and they're making good rates of return with proven track record. General partners or however it's structured, the operator is the trick, and whoever's operating the deal. And, of course, you know, the market, what happens with multifamily? Has it peaked out, and then it's going to be five years what makes any money i don't know i have no idea and we don't know rick's financial situation but who is this right for i mean the people that have thirty five thousand dollars to burn you're a hundred percent debt free house and everything uh you probably got a million dollar

plus net worth uh you your retirement is more than covered and you're continually putting that in uh you certainly don't have any debt at all i already mentioned that once uh but this is this is high net worth people that are debt free and make a lot of money and 35 000 is money they could lose at the roulette table and wouldn't miss it that's the only way you should put it in it's not an appropriate investment for someone other than that and it's not a get rich quick scheme no no but if you're looking to make a buck again is it a hundred percent um invalid no not if you're not if you're sitting in some cash and you want to play you want to play with some of that cash but check these people out because the spectrum of it goes all the way from awesome to sucks.

I mean, it's and not only the deals, but the people running the deals and their level of integrity, their level of expertise, their level of competence, all of that. And the same thing goes for those the real estate investment trusts, which is kind of like investing. They're a little bit easier to check and a little bit more buttoned up on how they're structured it's kind of a fixed thing because it's going to fall under management with the sec and this is not managed this is no regulation this is not regulated as tightly here this is more of a some you know four or five old boys get together and buy an apartment complex it's a little bit past that but not much yeah you know so uh and you know one of the guys is a property manager so he put the whole deal together that kind of a thing but that's that's the basis for the idea and uh yeah you can make some money in some of those some of those are legitimate deals i'm not saying they're

all illegitimate but enough of them are that they scare me and getting in and out of a large piece of real estate is not always something you can count on it's a long-term play well it could be that you know let's pretend that you thought you were going to flip it in a year because the market's white hot and now you are today in a recession so you are not going to flip it in a year and so you know now i can't you know i haven't lost my money but i really can't get it out. It's very illiquid. So anyway, interesting play, but only if you got the money to burn. That'd be the only place you do something like that.

And I don't personally do those, and I gave you the reasons why. All right, Janice is with us in Grand Rapids. Hi, Janice, how are you? I'm fine. Thanks for taking my call. Sure, what's up? My dad recently passed away, and I received some money. I'm sorry.

When did he pass? $92,000 was from selling this home, and then I got like $57,000 from his life insurance. And I was just wondering what I should do with the money. I was thinking about paying off my home, but... Okay. I stepped on you i was trying to say i'm sorry for your debt for your loss and i didn't hear your numbers when did he pass away um just this past january he had covid pneumonia oh i'm sorry okay now again you got 57 000 from one thing and what was the other figure um the $92,000 was selling the home, so I know I won't have to pay any taxes on that money.

No, you probably won't. You're right. Your basis in it should be your name was not on the deed prior to death, right? No. Okay, good. Yeah, you've got a stepped-up basis. You shouldn't have any taxes on that. So you've got $150,000, basically.

And your question then about what to do with that is whether to pay off your house. What do you owe on your home? I owe $117,000. Great. Do you have any other debt? I maybe have like $2,000 in credit card debt. My car is all paid off. I have some money in savings.

How much do you have in savings? I have about $13,000 in savings. Okay. How old are you? That's probably about an emergency fund. I'm 58 years old. How much is in your retirement accounts? Foolishly, I had a, what's that one you have to your work?

401K? Yeah, and I went into it because I heard about this investment, and I lost all my money. So I have nothing right now in retirement. Okay. So if you pay off your home, you're going to have to use the old house money, the old house payment money to regain your retirement and build it back. Conservatively, no more games, no more high-risk bets, right?

Correct, yes. Yeah. If that's what you're going to do, then yeah, I would pay off your house. Yeah, I'd get connected with a SmartVestor Pro on our website as well who can help you make some wise decisions with your future income and the rest of this money. Yeah, that's exactly right. This is the Ramsey Show. george camel ramsey personality is my co-host today in the lobby of Ramsey Solutions on the debt-free stage.

Autumn is with us. Hey, Autumn, how are you? Hi, I'm great. How are you? Better than I deserve. Where do you live? I live in River Falls, Wisconsin, which is outside of the Twin Cities. Yeah, great. Welcome to Nashville. Thank you. And how much debt did you pay off? I paid off $26,500 in 13 months.

All right. I love it. And what was your range of income over that year? It was $65,000 to $73,000. Good. What do you do for a living? I work in member communications, but I also added serving and house cleaning to my resume. Whatever it took.

The side hustle girl. Way to go. I like it. Good for you. Which one paid better? Honestly, probably the house cleaning yeah yeah i bet it did that's awesome and uh twenty seven thousand dollars worth of what kind of debt it was student loans it was all sally yes you evicted sally may put her on the

street you're you're a cold landlord hey put the old woman out. What was your degree in? I was in business administration and marketing. Cool. Good for you. Well done. How old are you? I'm 28 now. All right. So what started this journey 13 months ago? Yeah. So actually I had initially tried to pay off my debt a couple of years ago and it was going great until I just found myself completely struggling with a mental health crisis. So much so, like, I couldn't even make it through a day without work, without calling my mom and crying. And so I decided that the best thing for me to do is actually quit my salary job. And I went back to working full time in a gas station.

And that just allowed me the flexibility to be able to kind of reset and find someone that I could talk to. So I spent eight months at that gas station just focusing on getting better. And I finally landed the job that I have now. And to be honest, I kind of drug my feet a little bit. I think I was afraid to commit to the plan. But ultimately, I decided that I needed to finish my journey. And so I totaled up my remaining debts and the rest is history. Boom.

So you met with somebody and got help with anxiety or depression or what i was actually struggling with obsessive compulsive disorder okay all right and the gas station just kind of gave you some uh you can kind of keep it in neutral there you don't have to keep it in gear it was like i needed to do something different and so that kind of gave me the freedom to be able to just reset and, you know, not focus on work or anything. I could just, you know. Not a high stress job. Yeah, right.

Unless you're getting robbed. It didn't happen. So, yeah. So do you find a connection between becoming debt free and it helping with your, the mental health piece? Yeah. Honestly, like today, I feel like I've kind of completed two journeys in one. You have. Wow.

And it's really emotional because it's kind of the same principles it was like baby steps through the mental health but also the baby steps in the program and so you know just standing here today it's all the sweeter after going through that amen well most of the best transformation is incremental so that would be true with both of these things way to go go. You're like a double hero. Yes. Yeah, you conquered two things. Way to go.

It's a whole new autumn standing in front of us. It is. That's awesome. And I'm at peace. Yeah, I was going to say, how does it feel? It feels amazing. Yeah. Wow.

I'm really proud of the person I've become through this process. You should be. You should be. We're proud of you. Thank you. Well done. Who are your biggest cheerleaders? My wonderful family. I shouldn't have looked. You should be. We're proud of you. Thank you. Well done. Who are your biggest cheerleaders? My wonderful family. I shouldn't have looked.

She's crying. I just want to say that my parents have been with me through the best and the worst, and I could not be here today without them. So I'm very thankful for all their support. That's very cool. Very cool. Good. Good.

And they're going, yes, you can win both of these battles. You can. Yes, it's doable. And you did win both of them. Autumn, I'm just curious. Why didn't you just wait for the White House to forgive your student loans? You went through all this work. I know.

Well, I listened to Dave, and Dave was like, you know what? It's probably not going to happen. And so I'm like, you know what? I'm not putting off for tomorrow what I can get done today. And so I don't want to spend my life just waiting in limbo. So I don't have any regrets with doing it now. Preach. That's good.

Well, you take control of your own life. There is something about that because that way you take control of your own life. It's amazing how that works. Yeah. Well done. Well done. What do you tell people the key to getting out of debt is? Honestly, you've got to have your I've had it moment where you just decide where you're all in.

I think for me, I was just afraid to have that moment. But I realized that what I was more afraid of was actually waking up five years down the road and wondering what would have happened had I just started that day. And that was kind of the motivation that I needed to just get it done. Yeah. Yeah. When you go all in, the fear is, what if this doesn't work? Yeah. Yeah, that's scary.

That's the scary part of it. And with what you were facing on the other front, that's a double scary. Yeah. Yeah, so very cool, very cool. Sounds like you had some good help. Yeah, I did, yeah. Yeah, very good. Good for you, good for you. Well, we've got a copy of, very good. Good for you. Good for you.

Well, we've got a copy of Baby Steps Millionaires for you. That definitely is the next chapter in your story. Without a doubt, that's where you're headed. And a copy of Total Money Makeover, you'll be able to give that to someone who's inspired by your story, at least the money piece of your story. So we've probably got a John Deloney book that will help you with the other part. Oh, yeah. So that would be good, yeah.

And we'll give you also a one-year membership to Financial Peace University. It's got the new videos in it with George Camel and Rachel Cruz, Dr. John Deloney, and me. Best we've ever done on FPU. It's good stuff. So be sure you go through that if you haven't. If not, give it to somebody. So either way, it's all just for you to say thank you for making the trip here. And we're very proud of you.

Thank you. I know your mom and dad are and your friends are and your therapist. Everybody's cheering you on. You're a fun person, an easy person to cheer on. Well done, hero. Very, very well done. All right. It's autumn.

River Falls, Wisconsin. $27,000 paid off in 13 months, making $65,000 to $73,000. Count it down. Let's hear a debt-65,000 to $73,000. Count it down. Let's hear a debt-free scream. Three, two, one. I'm debt-free! Yeah! Way to go, Autumn.

Yeah! That was visceral. Good stuff. go autumn yeah that was visceral good stuff i'm uh been doing this for 30 years and i never ceased to be impressed with how the old saying discipline begets discipline healing in one area of your life begets healing in another area of your life yeah how many times do we hear an overlap of someone lost a bunch of weight while they're getting out of debt someone's marriage was healed while they were healing their finances uh and and in her case she is walking a mental health uh path transformational path and um and then simultaneously somewhat of an overlap not 100 simultaneous but is overlapping this other area of healing at the same time there is something i think what happens is our confidence once we go well if i can do that maybe i can do that and if i can do that maybe i can do that

there's a feeling i can rise above where i'm at now. It gives you power once you have some incremental progress. That's why the baby step, that's why that snowball works. You pay off the little one. You go, well, I paid off the little one. Maybe I can get the next one. And, you know, it builds your hope. Hope is a powerful elixir. Yeah.

We talk about focus, intensity, overtime multiplied by God equals unstoppable momentum. Focus intensity is what the baby steps are, and it's what it takes to improve your marriage. It's what it takes to overcome addictions. And we see that time and time again on the debt-free stage where they go, Dave, it changed my marriage. I didn't even realize it. Dave, I overcame addiction while getting out of debt because I was just so focused on this thing over here. And it's amazing the transformation that happens across every area of life. Yeah, the number of times we deal with someone who, as a part of their addiction recovery, decide to clean up their money or decide to clean up their money and let them do addiction recovery

or mental health challenges or relational challenges or career changes, this idea that there's something about once you decide, I am in control of more than i was thinking and now that i see that i'm in control of that well i'm probably more in control of this other thing and i'm gonna go over here and i'm gonna do that and so she you know she didn't adopt the uh victim status of i'm gonna wait on joe biden to pay off my student loans she said i want my life back. I want Sallie Mae out of my life.

Well, the threat is you have agency over your life. That's it. And until you believe that, your life isn't going to change because you're going to continue to have things happen to you instead of you happening to it. That's a big paradigm shift for a lot of people to make. But it's life changing once you make it. Agency. That's a good word. Agency.

It's an old timey word, Dave. I thought you'd enjoy that. You need an agent. You once you make it. Agency. That's a good word, agency. It's an old-timey word, Dave. I thought you'd enjoy that. You need an agent. You need a new agent. You. You're the new agent. This is The Ramsey Show. Субтитры подогнал «Симон» George Campbell Ramsey personality is my co-host today. Thank you for joining us, America.

We're glad you're here. Open phones at 888-825-5225. Craig's in Jacksonville, Florida. Hi, Craig. How are you? Good, sir. How are you doing today? Better than I deserve.

What's up? Doing good, and it's an honor to finally meet you. Sorry, I'm just a little nervous. How can we help? I had a quick question. I was trying to figure out, I guess, how I would stay motivated during the baby step to, um, I've been listening to you for about a year through all your YouTube videos and podcasts.

And I actually, I was listening to some of the videos before I called you today. And that's what encouraged me to call. Um, I'm currently again, working on baby step two. I've probably paid about 35,000 out of the $60,000 in debt so far. And I'm just kind of hitting a, an emotional, like mental and motivation speed bump in this process. Why do you think that is? Well, I just have a bunch of stuff on my mind. Um, with the career path I have, um, family issues going on, my health and everything. So things have just kind of taken a toll over this whole year of grinding out

through this debt paying journey that i'm one what's wrong with your health well i have congestive heart failures um since i've been since i was 26 i'm i'm 30 years old now so that that did not change no no sir okay what's wrong with your family um my mother and father actually have split up and now kind of reworking their relationship so that's kind of a cause to on everything because i actually stay with family member because of the health issue i have so you stay with one of them i i stay at my uh grandmother's house she bought the house when my when we moved here in florida and i've been staying there so your parents are not in your in your space every day but they're they're going through their own crap right they are and my father tends to use me as a crutch while i'm

going through what i'm going through and sometimes it's very hard yeah okay and then you said you have a career path issue yes um i'm currently a manager at a local walgreens i work with i make about 31 000 a year and um i'm blessed to have a job because i was working i had a different job before covid and then i switched back to this job so and i'm just kind of not really happy where I'm at because of the amount I make and it has got me through the first year of me paying my debt that I have but I've just kind of felt like a slow you know slowly my motivation starting to hit rock bottom that makes sense yeah because here's what's happening. You feel like this job's happening to you.

You're not happening to it. You feel like your parents' mess is happening to you. You're not happening to it. And the heart thing is happening to you, and obviously you can't happen to it. You don't get to control that one. But these things are controlling you because you're allowing them to. Yes, sir. The parents mess and your job mess.

So you have the, here's the thing. It's hard to have a sense of power over your money when you have a sense of powerlessness in key relationships and powerlessness in your career. Yes, sir. It's, you know, because it's sucking what confidence you're, you gain a little confidence over here in the money thing. Like you paid off $35,000. That's really good. But then it gets sick.

It's like your dad and mom come along with a confidence syringe and remove it. Craig, how long did it take to pay off the $35,000? I actually started last July, and that's including working at my job with overtime and side gigs here and there. Dude, you've been living off nothing. That's impressive. Yeah. I've literally, every two weeks, I literally live off $150 in beans and rice, rice and

beans, literally. Wow. Well, on the health side, that's something you've got to manage. That's obviously not something we can just fix overnight. On the parent side, it may require a boundary with dad and a hard conversation. Say, Dad, listen, you need to find a good therapist, a counselor who can help walk you through this. I can't be that for you. And on the career side, you can go be a manager somewhere else. You can start applying today and probably make way more

than 31. Yes, sir. And so if you have that pep in your step going, I'm in control, I can do this. And worst case, you're doing this for one year longer. Why'd you start the baby steps to begin with? Because I wanted that financial freedom. I remember not having any debt, having money in the bank, you know, able to buy something I wanted. Not go, you know, take like a car payment or anything else, but just having that financial freedom and not that burden. You know what the problem with a free book is? Nobody reads them because they were free. Nobody paid for it.

You didn't pay for it. But I'm going to give you two free books anyway on the risk that I can get you to read them. I'm going to give you Paycheck to Purpose by Ken Coleman. So you get up on top of this career thing, and you start happening to it instead of it happening to you. And I'm going to give you own your past change your future from dr john deloney so you can begin to have some tools to work with mom and dad and say i love you but i can't fix this i'm actually the kid you're actually the parent i can't fix this and so uh only the strong can help the weak and

you are not strong enough to carry your dad right now so him being uh using you as a crutch he's got a rubber crutch he's going to hit the floor so uh and you're both going down so you you know you've got to love him uh but not be carrying around his stuff. You're carrying around all of his burdens instead of him carrying them. And you feel stuck over at the job because you haven't done anything about getting unstuck. So I'm going to give you both books, and they're two different things. But this all comes back to, Craig, you taking power, you taking George's word, agency over your life in these areas. And when you do, you're going to get some energy back for getting out of debt.

But right now you've got these two, three negative drains pulling you down while you've got one area you're being successful in. That is very difficult for anyone, my man. Well, Dave, I'm going to add in one more gift in case he gets sick of reading. Craig, I'm going to send you Financial Peace University. You can watch those videos. It also will include every dollar, the premium version, so you can make a plan for every dollar coming in and attack this debt faster because I don't want you to have to sacrifice longer than you have to.

Yeah, you know, that's good. And try to find one of the Financial peace groups in your area and join it. Oh, let's get connected and real people. Get some human beings in the room with you. Who are excited that you showed up again. That'll hold you accountable. They're not going to put up with whining, but they also on the other side are going to love you

and just say, hey, man, you know, you can do this. They'll encourage encouragement and accountability we all need in areas where we're struggling. So, yeah, we'll plug you into all of that. we're dude we're gonna load you up with resources uh because it's it's easy to to um have this many things coming at you that are stealing power in so many different areas it's easy to feel powerless the interesting thing is you're not that you can just decide today i'm not carrying my father's stuff around he gets to carry his own stuff i can apply for i love him and i know he's hurting but i can't fix all that i'm gonna let him carry his own deal and here's his backpack

and i'm don't want to be at this uh this you know oh yeah there's walgreens john dr talks about that all the time, the bricks in the backpack that we carry around from other people putting them in there. Yep. And we're wondering why we can't even crawl. Yeah. That's exactly what it is. Yeah. Exactly what's going on here.

So, yeah, you can do this, man. You really can. And if you need some more help, you call back anytime. We're here to talk to you. And give Ken Coleman a call on his show. Yeah. That'd be a fun one. Yeah.

On the career side. Yeah. We'll always tell you the truth, but I just kind of hear it. And, you know, when you don't have, when you don't physically feel great because of the heart thing going on, it makes it triple hard to fight through the other stuff. So it's a mental exercise of tough, mental toughness for you to move through these other areas controlling the things you can control and then things start to move for you and let go of the rest that's exactly it hey thank you for calling sir hang on we'll get you all those materials out

to you and try to help you any way we can that about puts this particular hour in the books our thanks to austin ben zach andrew and james and kelly in the books. Our thanks to Austin, Ben, Zach, Andrew, and James, and Kelly in the booth. I am Dave Ramsey, your host, and we'll be back. Do you love a good Dave rant? Want to see the latest Ramsey Show videos going viral? Check out your favorite moments from the Ramsey Show on YouTube. Go watch and subscribe to the Ramsey Show channel on YouTube.