The Ramsey Show - App - Don't Sweep Your Money Problems Under The Rug (Hour 1)

Episode Date: May 13, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people do work that they love, build wealth, and create actual amazing relationships. Dr. John Deloney, Ramsey personality, number one best-selling author, and host of the ever-popular Dr. John Deloney Show, is my co-host today. Open phones at 888-825-5225. You jump in, we'll talk about your life and your money. Spencer is in Memphis to start this hour. Hey,

Spencer, what's up? Hey, I am calling because I have gotten myself into quite a bit of debt over the past about five years, and it's come down to, I'm debating if declaring bankruptcy would be one of my options. I

want to avoid it at all costs, but I don't know what else to do at this point. Pretty scary, dude. You married? Not anymore. How long have you been split? About three and a half years now. Money play a part in that?

It did. I'm sorry. How old are you? I am 24. Wow. So how much debt have you got? It started about four years ago and I got 20, it's about $23,000 worth right now. 23,000 in debt. On what? I had two vehicles and then I got a $3,000 personal loan, three credit cards that were only like $500 a piece, and then I had a military star credit card as well that went into collections. So how much of the $ the 23 000 is the credit cards uh maybe 1500 bucks maybe a thousand okay how much do you currently own two cars i do not and

that's the problem i lost just about everything during the divorce but i ended up keeping the credit or the the debt for it so so wait a minute she's driving both of the cars uh no it's kind of a long story long story short whenever i went through the divorce um she took one of the vehicles and she had it for about two years refused to sign divorce papers i couldn't file the car as stolen because she was my wife uh she would never pay on it so i ended up not paying for it at all they couldn't repossess it because i didn't know where it was and then so that was one car where is that car today it and it finally got repossessed but now i still owe uh nine thousand okay so you have a repo of 9k all right where's the other car

the other one uh as i got it i never turned in the title to it to the bank so i ended up i believe it turned into a personal loan or a vehicle loan with no collateral uh that one was for six thousand where is that car i technically i do have the a car to show for that i have a 2008 yukon and a so it didn't have a lien on it and you sold it and bought a yukon correct okay and what's your yukon worth uh maybe five grand i could probably get five grand for it okay and it doesn't have a lien on it no it does not i have the title okay and what do you make i make i just got a new job making 58 a year okay all right you're not bankrupt you're scared and you're hurting correct you but you're mathematically not bankrupt hear me no sir i've been doing this a long time you just don't know what to do next that's all correct okay you're hurting because all this stuff was out of your control the divorce

broke your heart and you've just kind of swept stuff under the rug and now you got a really lumpy rug exactly yeah and um this stuff has a high rate of resurrection. It comes back to life. Zombie money problems. Yeah, they don't die. They just keep coming out of the grave, and they're uglier every time they come out until you shoot them. Okay, now, so here's the thing. If you file Chapter 7 bankruptcy, you can clear every bit of this, and you'll keep your Yukon under current law in the state of Tennessee and you live in Memphis. Okay. So that is possible. I would not recommend it

though. You can settle repo debt for somewhere around 15 to 20 cents on the dollar. And, um, and a lot of your debt is repo debt. So if we're looking at 20 000 bucks four or five grand i'll clear that with some negotiation and some fight okay but you got to call them up like the 9 000 they'll probably take a thousand fifteen hundred bucks maybe two thousand and clear that on the ex-wife's car that you never really figured out whatever all that stuff right right right okay so if you call those people it's not nine grand it's two grand because that's about what you can satellite for because they're just going to be so happy somebody called because they can't find nobody in this story they're everybody even the freaking car disappeared in this story right so yeah and so if you don't pay anyone and file bankruptcy, you could do the same thing and just not pay anyone and not file.

Then the only thing that could happen is they could come and sue you. Okay. But none of them have yet. None of them have yet. Not yet. Correct. I have a court hearing in July for I got a set of rims and tires after i got out of the military and i honestly never paid on it okay so here's the thing can i be mean to you for just a second in the middle of all your pain

i need to hear it okay you got to quit buying crap that you don't have money for period period and okay like i mean rims and tires sounds like a 16 year old absolutely okay but that's kind of what you are when you're coming out of the military for the I mean, rims and tires sounds like a 16-year-old. Absolutely. Okay. But that's kind of what you are when you're coming out of the military for the first. Yeah. Absolutely. So, yeah. I mean, so let's throw our shoulders back and start acting like we're 30 or 40 with our maturity level on our decisions rather than a wounded 24-year-old guy who's had the snot beat out of him, okay?

Absolutely. And I think you can do that, and we'll help you. So what I'm going to do is I'm going to assign a Ramsey counselor to you for free, and they're going to walk you through step-by-step how to clear every one of these debts. It's going to take you about maybe a year to clear them all and to negotiate. And you're going to have to be tough, and you're going to have to quit buying crap. Okay? Can you do those two things if I help you?

Absolutely. Okay. So what I'm saying is $23,000, we can probably get all that cleared for somewhere in the neighborhood of $10,000 or $12,000, and you make $50,000. You can do that in a year but you're going to scratch and argue with these people a little bit and get it done absolutely yeah and so if you file bankruptcy when you could have cleared it for twelve thousand dollars that'd be just silly i would agree with that 100 that's why i needed somebody to tell me

all right so you're a good man spencer you've just been hurting does that give you does that give you peace, Spencer? Does that give you some grit? It did. That helped a lot. It did. Because I felt like I was on the edge of the walkboard for quite a while now. She beat you up pretty good?

Yeah. It wasn't nice. Is there a little one involved, too? Not at the time. I do have one now, yes. You're 24 right now correct all right when you get done with here i want you to write 30 year old spencer a letter about the man you are going to be when you're 30. no more kids unless you're married no more borrowing money no more buying stupid things so you can look cool to 18-year-olds.

I want you to write 30-year-old Spencer a letter, and I want you to live into that. Got it? I can do that. Cool, man. Hey, I was 28 when I filed bankruptcy. I'm 63 now, and I'm a multimillionaire. You're going to be okay, son.

Hold on. We'll pick up and get you dialed in. This is The Ramsey Show. Hey, you guys. son. Hold on. We'll pick up and get you dialed in. This is The Ramsey Show. 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 budget. Open phones at 888-825-5225. You jump in, we'll talk about your life and your money. Dr. John Deloney is my co-host today. John, I love the suggestion as we're going into the break with the young guy to write his future self a letter.

I kind of almost feel like we all ought to do that. Like there's something about what do you want to be when you grow up, you know, kind of thing. Yeah. Who do you want to be? I just keep going back to that conversation that was such a before and after that I had with my wife when she asked, like, what do you want this house to feel like when you walk in from work? And I was like, well, I want it to feel warm and I want to feel, I want us to be laughing when I walk in. Not both of us be so tense. And then that started a conversation. Well, then here's what's got to be different and i i just wonder what do i want it

to feel like when i'm 40 when i would feel like when i'm 60 what i want my relationship with my kids to be like and what do i have to do right now to live into that that's so different than let's just get to the next day and the next day and the next day and you wake up and you're 100 miles from your original destination i just love that idea of sitting down and being intentional um where do i want to be man yeah because you just don't or more important who do i want to be yeah you don't accidentally become good things no you accidentally become bad things and life happens and i get really mad and i start to spin and make a decision and i don't ever you've never done this but i find myself way over here and it's just i i like the idea of of 55 year old john going whoa whoa whoa whoa whoa like letting him yeah be a little bit of a guide for me right yep absolutely open phones at

888-825-5225 aaron is in north carolina hi aaron how you? I'm doing great, Dave. Thank you and John so much for taking my call. Sure. What's up? So my wife and I just bought a house, and I'm feeling a little buyer's remorse, and I just wanted to get y'all's take on our financial situation to see if there's some validity in what I'm feeling or if it's just, you know, I'm just in my head on it. I'll give you just a rough kind of breakdown of our financial. Before you do that, just tell me what the house payment is. $3,700. Okay, and what's your take-home pay in the house?

$180 a year, roughly $9,500 to $10,000 per month. No, it's not. Something's wrong. I'm talking about take-home after taxes. $180 is not $10,000. $10,000 is $120. You don't have $60,000 worth of taxes on $180. You don't okay so are you taking that 401k and all that no I'm not taxes only Oh Oh taxes only I don't know the number yeah so it's probably okay so how much are you putting into your 401k um currently i'm 10 10 and my wife is 10 okay all right so that's 18 000

so um that makes sense then all right because your take-home pay not counting your 401k would be more like 14 okay something like that and um 401k health insurance whatever else the crap's coming out of there the crap's coming out of there because something's coming out of there. But that's what it ought to be because $180 is $15 a month. Okay. So you'd be at $13, and $3,700 is not out of line then. That's my point.

I had to get to real take-home pay before I sold your house, and now we don't have to sell your house, so that's good. My wife will enjoy that. So you're the saver, and she's the spender. You're the saver and she's the spender. You're the nerd and she's the free spirit. Yes. And you, you feel like you can,

you feel like you caved and bought something you can't afford. Well, we're good on the house. The only debt that we have in our names is a car. And my biggest stress right now is, do I just, I have 85,000 in the bank, a car, and my biggest stress right now is I have $85,000 in the bank. The car, I have $39,000 on my car. Write a check and pay it off today.

Okay. I was going to go sell it and buy a beater. I didn't know if it was smart to just... Well, you can still sell it later and buy a beater if you want to, but for today, let's get rid of the stress. Okay. All right. And you guys are not doing a written monthly budget called EveryDollar on the EveryDollar app where both of you agree on every dollar before the month begins where it's going and what its name is.

And if you'll start doing that, you'll feel much more in control. Okay. It'll give you a lot of peace. It may cause some fights because it may expose what some people in the house are spending, and it's not you. Yeah, you're correct. We did do the EveryDollar app, and we're able to save around $2,200 a month, but for some reason that just seemed low, and I got on Reddit, which I shouldn't have done, and everybody was like, oh, your house score, and I just started freaking out.

Listen, Reddit is not a source of anything except trouble. No, Reddit is for if you're feeling exceptionally well and you're like, you know what I need in my life? A little depression. Then you should read Reddit. Other than that. If you get a medical diagnosis, if you go to Reddit, you're dead by morning. The only thing that will kill you faster is WebMD. they'll kill you they'll kill you within the hour so seriously you're right so daniel daniel what you guys need to do is you need to get above this and think about your source of

information and we are making fun of reddit but it's not a good source okay and because the numbers you're giving me nothing's out of control i think what i'm hearing is a good guy who's a nerd who's very responsible like me i'm a nerd and your your wife has not let up on the spending you all are not in agreement you've been kind of you know swinging at this whole money thing instead of actually making it dance getting it in line and making every dollar dance and both of you being in agreement paying off the car and and then i think you're going to have a lot of peace the numbers you're giving me are not stupid if they were you know i'd tell you yes sir aaron can i ask you a few other peripheral questions yes sir you got any friends oh yeah that you go hang out with once a week yes what's the state of

your health what's the state of my health yeah you exercise you go for walks every day oh yeah yeah work out six days a week okay um eat clean what's the state of your marriage great really good really good i think my biggest i just want to be a good dad i want to be a good Eat clean. What's the state of your marriage? Great. Really good. Really good. I think my biggest, I just want to be a good dad. I want to be a good husband. I want to lead my family to wealth. And I didn't come from that, so I just strive for that.

Okay, there it is. There it is. Yeah, you don't want to screw this up. So you're walking a tightrope. I get that. Good man. Good for you. That's a good motivation.

As long as it doesn't take you so far, you can't sleep at night. That's right. I'm going to send you building a non-existent life. Or if it doesn't take you to Reddit. Good for you. That's a good motivation. As long as it doesn't take it so far, you can't sleep at night. That's right. I'm going to send you building a non-anxious life. Or if it doesn't take you to Reddit. Yeah, exactly. I'm going to send you building a non-anxious life. I want you and your wife to go through that book together. Yeah, and then you guys jump on EveryDollar, the app, and get it going too.

And make sure you get this stuff dialed in. Because I think you're there. I think if you get 100% alignment with her using the budgeting process called EveryDollar, that's going to – and you're probably 85 right now. Okay? If you get 100% control and command over the dollars, and you're probably 90% on that, okay, and you pay off the car, then you're going to – and you start doing the ramsey stuff the rest of the way and quit issuing it then i think you're gonna find an immense flip from the i think that little bit of lack of alignment and and then this tremendous drive to be a good guy is is where your disconnect is your dissonance yeah and yeah his body put a gps pin in money

worries and so it's just he's got a new big debt and he's got a kid and it's in his body sounding all the alarms it's going back to those ratios and you and i've talked about that offline those are just important things i'm doing it right we're safe i'm doing good i'm doubling up on my payments when i can i'm taking overtime when i can i'm getting the stuff done and um you slowly practice that. Yeah, but when you do something that your inner voice, the Holy Spirit's telling you not to do, then don't be shocked that you're stressed. Right, exactly.

So when you buy a house while you have a $39,000 car debt and you knew you shouldn't, don't be shocked that it's upsetting. Right. Or one step further, if your parents were screaming at each other growing up over their house payment, even if you put 50% down and you buy a house, expect your body to feel a little tense. That's okay. I know that i have to outsource that because when i get emotional i get real emotional and i get real i start making decisions fast and i get a friend or two or i get somebody that i trust to say okay i'm about to do something uncharacteristic i'm about to sell my house we just bought is this wise yeah and then

you can get some exhale in your life and they'll go no i got your six you're doing good that's how it's helpful that's what this show is is, right? Yeah. When you do things that are inconsistent with what you believe, people in John's world call that dissonance. There's a disconnect. Your actions are perpendicular to your belief. 100% time you get stressed. This show is sponsored by BetterHelp. All right, so I was born and raised in Texas, and I love the myth of the lone cowboy. You know, the guy who doesn't need anyone or anything. It's a fun story, and it's a lie. In our self-obsessed society,

we're obsessed about our own diets, our own workout routines, our own jobs, our own social media feeds, everything. It's easy to forget that no one can do life alone. And I don't care if you're an introvert, an extrovert, or whatever you want to call yourself, we all have to have a community and a support system to do life with. It's time to shift the focus from doing it all by ourselves to knowing that we can only be well and whole when we ask for help. Therapy can be a great

source of help and support for any area of your life. And if you're thinking about starting therapy, try BetterHelp. BetterHelp is 100% online therapy so it can fit with your schedule. To get started, just fill out a short online survey to get matched with a licensed therapist. And if it's not the right fit, you can switch therapists at any time for no extra cost. This month, start to build your support system with BetterHelp. Visit betterhelp.com slash Ramsey Radio to get 10% off your first month. That's betterhelp, H-E-L-P.com slash Ramsey Radio. Dr. John Deloney, Ramsey personality, is my co-host today. Well, John, it's finally happened. My 35-year stellar career has been reduced to selling T-shirts.

Finally! We get some Ramsey cool gear, dude. I thought I was an important author, and now I sell T-shirts. So we have better-than-I-deserve deserve t-shirts um finally we have food at home is the t-shirt that's a great t-shirt i got that one that one says better than i deserve and some cool uh sweatshirts that say debt free i guess i should hold them up for you youtube people yeah because youtube people need debt free where do i right there it is right there okay so i'm model it dave model come on do your vanna white dave come on buddy and uh i'm drinking out

of my own uh better than i deserve yeti because god knows i didn't have enough yetis so i needed like they breed like rabbits dude they are they breed everywhere and then we got our version of the um stanley cup thing over here whatever that is is that they live like no one else yeah but it's the what are they called what are the women call that thing though stanley it is stanley yeah that's the brand stanley cup i was like a hockey for a minute but yeah my brother-in-law works on the railroad and he's had a stanley for 117 years and his daughters were like dad we want stanley and he goes like this and they all went oh he does he's got the real green dad's way the real ones dad's got it going on made by aladdin i think it was yeah so anyway you've been asking for the ramsey merch shirts tumblers hats

uh better than i deserve hat yep t-shirts yetis um yep you got them we got food at home i can't believe that one's popular but you're wearing that one you said huh yeah i like that one cracks me up yeah okay so you've got a story the world needs to hear you can kick off some conversations i'm not crazy i'm just getting out of debt and uh it's kind of fun and these it's high quality you know the new soft kind of t-shirts yeah that all feel like pajamas now yes everything's you know the old scratchy cotton t-shirts are kind of gone these softy ones are yeah well it's yeah it's it's it's fun i'm glad we're doing it listening to you sell clothes is one of the funniest awkward moments of my professional i'm just saying it was i'm i'm going you know yeah ramsey solutions changed my life i

bought a hat from them. I will work so hard to get an underwear endorsement from somebody just so you have to pitch it. Not a chance. It's amazing. Just so you have to pitch it. All right. Ramseysolutions.com slash store. Check out all the new merch.

It's awesome. It is actually high-quality merch. And I hope we're charging a lot for it because it's just embarrassing that we're doing it so anyway it's fantastic hey for years people have been showing up with their homemade they make their own that's true that's true this is good stuff that's yeah that's not on me though no this is on me nah this is good on my watch right here well it allows people to be a uh we say it all the time like we don't we don't do big 400 million dollar sponsorships like we're gonna be a walking billboard for us they are like they don't have to say anything if you get a little social awkwardness

just be drinking out of your better than i deserve yeti that's right there we go coffee by the way where you're debt-free because who at the mall doesn't want to know what your net worth is? That's important to just announce it. I see. Put some sweet tea in the Yeti and go for a walk. There we go. Yeah, that's what's in your sweet tea, for sure. Yeah. All right, Daniel's in Detroit. Hey, Daniel, what's up?

Oh, a lot of debt. How can we help, sir? Well, I'm going to be having a baby soon like two months yeah and yeah um i've been fighting every month trying to get myself back on track i fell behind on bills a few months ago and i haven't gotten anywhere with it i'm just over two hundred thousand dollars in debt and i'm trying to figure out what my best options are to get back ahead. What kind of debt is the 200K, bro?

I've got $163,000 in the house. I've got two cars. How much on car one? How much on car one? $19,000. How much on car two? $15,000. Okay.

That was co-signed on that one. I'm sorry? No, sorry, I co-signed on the second one. For who? My wife. Well, if you have a baby with somebody, you can buy a car with them, too. It's okay. All right.

You all have made a human. You can share a checking account. All right. So that's $. All right. And so, um, you all have made a human, you can share a checking account. All right. And so the, um, all right. So, so that, that, that, that's 34. So you only got a little bit of mainly card debt and house debt, right? What's the other debt? Um, I've got 6,000, uh, between credit cards and, uh, tools.

Yeah. Tools. What do you do for a living? Avionics tech. Okay. And what's your household income, sir? It's about $50,000 right now for a while. It went way down.

I had to drain my savings account and everything. Why did it go down? The hours. I was lacking in hours at work. And then my wife, she ended up getting really sick for a little bit and was out of work. But she's finally back to work, but there's no savings account left to call back out. So between the two of you, both of you working, you make $50,000?

Yes. Yeah, she's back. She's only part-time right right now okay because i was under the impression avionics techs made more money than that yeah i'm it may be higher um i'm just kind of giving a rough estimate um things are looking better and i'm working more hours um i'm bringing in you work on airplanes dude right yeah yeah okay all right what are you making an hour 30 an hour okay how many hours a week are you getting um i'm finally back to about 40 right now and i'm trying to push for 50 to 60 okay you're making more than 50 000 here

okay you're doing that you're doing your math wrong. Yeah, I do. That's helpful. But between hours going down temporarily and her being sick and now a baby coming, the stress of all that, you've been out of control and all the money is in total chaos. Is that right? Yeah, absolutely.

It seems like I'm just getting my paycheck and it's completely gone and we still don't have bills paid that we need to have paid. What does she do for a living? She's a hairstylist. Okay. All right, cool. All right. Well, here's the thing that I know.

I know that if the two of you sit down together tonight with the TV off after dinner, breathe, and start writing down what you've got coming in right now and what you could have coming in in the future. You can see your way to getting these two straightened out. Whose car is the $19,000 car? Mine. Good. What is it worth?

I'm real upside down on that one. I was going to sell it not too long ago, and I checked into it, and it's blue booking at about $8,000 right now. That'd be trade-in. Yeah. Okay. Trade-in, they were saying $5,000. What'd you do?

Tear it up? Did you roll a bunch of negative equity into it? Nope. I did not. What is it? It's a Chevy Silverado, 2012. Okay. Chevy Silverados do not get that far upside down without some other piece of circumstance involved.

You've torn it up. There's extra miles, or you rolled negative equity from the deal before into it. Nope. I didn't have a car loan before. Oh, wait a minute. Wait a minute. Wait a minute. Wait a minute.

Is this a high interest rate loan? Yes. Okay. $19,000 is not your payoff balance. $19,000 is the balance on the account. There's a difference. On a high interest subprime loan, they book it on TOP, total of payments. $19,000 is your total of payments.

If you take a check over there today and pay them off it's more like 15 000 okay so you need to call you need to call them and ask them not what your account balance is but what your payoff is today so you're not nearly as upside down as you thought you were so that i knew there's something wrong with that math okay now uh so here's the here's this here's the prescription for this the great news is you feel the pressure because you're a good dad gonna be a good dad of a baby coming and that's gonna make you guys sit down and get control of this and not spend any money except food lights and water shelter and get caught up. And oddly enough, sir, you make enough to do all of those.

It's very possible. And don't count that mortgage in your debt right this second. Let's worry about those bills and those debts, and we'll get that stuff squared away. First thing I want to do is be current and in control. And you're not that yet. Guys, thanks for joining us here on The Ramsey Show. Dr. John Deloney, Ramsey personality, best-selling author, is my co-host today.

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and causes them to promote us. And they do it for free because you are telling them we're awesome because you're awesome. So thank you. Thank you for doing that. Lisa's in Portland, Oregon. Hi, Lisa. Welcome to the Ramsey show. Thank you. Um, I husband passed away unexpectedly a couple of months ago and he was kind of in charge of all of our monies and stuff. And I'm going to get through this call without crying. crying so no you're not because i'm not yeah you don't have to you're good um so how old are you i'm 54 and we've been married for next month would be 36 years what happened to him hon he just went to sleep i guess and didn't wake up what was his name troy well we can all be envious of that methodology can't we yeah yeah yeah that is one thing i'm at peace with yeah he liked to be home and here he was

there it is just like that wow i'm so sorry so you got baby you got any babies at home i got three grown children that are all married good good, good. So it's you, and you said you're up in the air on the money stuff then, right? Yeah, yeah. So he did set me up. I'll be okay, but I just don't know what to do with everything. And do I pay my house off with life insurance that I got? How much life insurance did you get? I have, right now I have $500.

Mm-hmm. And what right now, what do you mean? And I think I'm going to end up with, yeah, then I'll have, I think, another $100,000. And then in monthly, I think I added it up, and I think I should get at least $7,000 a month. Mm-hmm. Boy, I love your husband. I know, so do I. Yeah, Troy did good.

What a great job, Troy. Well played. We did so bad when we were young. Yeah. He just said, no way. We've got to turn it around. So we did. Yeah.

Well, and he left you set with having no idea that he was going away at 50. That's pretty crazy. That's young. Yep. Completely. I know. Every day I live, that looks younger. Oh, my gosh.

I know. All right. So you only owe on your home. What do you owe on it? I owe $240,000. Okay, and do you work? I do not work. Okay, but you got $7,000 a month coming in. Mm-hmm.

For life? Where's that coming from? That's going to be for life. What's that from? that's going to be for life what's that from military and then he was um he also from his he was a police officer and so i have that retirement too this dude's amazing what a great guy oh my gosh yes all right so um the salt of the earth. Yeah. Wow. Okay, so let me play pretend. Do you have any other debt?

I have two credit cards that are about $12,000. Okay. And I own my cars, though, so nothing else. If you didn't have a car payment and you didn't have any credit card debt, I mean, you didn't have a house payment and you didn't have any credit card debt and i think you can make it on seven thousand a month don't you definitely are you going to get on a written budget so you don't screw this up yes okay because people can screw this up oh i know okay so that's what's scaring you that's what's scaring you i don't want this is all troy did such a good job and i don't want to mess it up that's what's scaring you. Yeah. That's what's scaring you. It is. Troy did such a good job, and I don't want to mess it up.

That's what's bothering you. Am I right? Yes, it's totally it. Good, good. Okay. That's a good motivation. I don't want you to live in the terror of that, because I want to give you the information so you are doing it right.

But if I had you on a detailed written budget monthly where you knew that you were easily living on $7,000, which you were easily living on seven thousand dollars which you should easily do with no house payment oh yes okay yep you cut up the stupid credit cards and never borrow money for anything ever again say i promise dave i promise on that one so we're not gonna have any debt and we have a paid for house and we got three hundred fifty thousand dollars to invest and we have seven,000 a month coming in. Am I missing something? No.

That's a pretty strong position. I think you and Troy did a good job. Here's the one. Lisa, I'm going to inject a question here to you, but Dave, I'm asking it to you too. Lisa, is there a chance that in six months when the smoke clears, you want to go live by some of your grandbabies? No, I'm going to stay in the house. i have three grandbabies close to me here and i'm having a new

one great in montana so okay awesome normally i tell somebody don't do anything for six months don't pay off and just sit but this is where you want to be this is where your family is where the little ones are this is your home oh yeah that's i'll add to that question then i'll just go ahead and be real uh tacky okay you said he died in his sleep in the home yes okay are you gonna be okay living there then yes okay he's here okay okay all right have you gone through the clothes yet or anything nope it's stained forever okay so what here's i'm gonna tell you and you're not gonna believe me but i'm just gonna tell you that's about 98 percent of the people like you have had the blessing and honor to sit with the first couple of months out

that's that's yeah and it's all good and there's no rush okay okay but in nine months yeah two years four years we'll see. Right? And you don't solve for that right now. Yeah. The longer it goes, the weirder it is that you still got the clothes. Yeah. But today is fine.

Today's fine. Today's great. 27 years from now, if those clothes are still hanging there, that's an issue. Okay? I'm just saying. But today, you're fine. Yeah. Just let it go.

It's part of your grieving. Okay go it's part of your grieving okay yeah it's part of grieving and you're a strong lady some comfort hey and you did get through this without bawling good for you and i almost did i only had one little tear but i cried apple beast commercials so um okay okay can i ask you one more thing uh-huh um and this is not money related i grew up in the home of a police officer too. Okay. Oh, okay. There is an extra layer of,

and I still feel it. My dad's in his seventies and I'm in my mid forties. And there's still a level of when I get around my dad, I just exhale because policemen walk around as though everything's going to be okay. Yes, exactly. I want you to make sure you have somebody to call because you're going to lean on a crutch that's not there anymore. He's in your heart, but he's not going to be there in that restaurant. And you know he would always sit up against the back of the room. So he's got all those little things that you always had that extra layer of everything's going to be okay.

And your body's going to feel like that's gone. Because it is. Because it's gone, and I want you to have somebody you can reach out to. Yeah. Are you in a good church, Lisa? Yes. Good. Okay.

Here's what we're going to do. Here's what we're going to do. I've been doing this 35 years, and I've sat with people exactly where you are hundreds and hundreds of times, and you and I just went through the numbers, and everyone listened to us go through them. Your numbers are just fine. You're just fine.

You were married to a wonderful man who did a wonderful job making sure you were going to be okay and you are okay. I would pay off my house. I'd pay off my house, and I'd get on a written budget, and I'd pay off those credit cards, and I would cut them up. And I'm going to put you into Financial Peace University so you learn how to handle money, so you feel confident in this subject area going forward.

Okay. And I'm going to have you sit with a Ramsey coach that's been trained by us at my expense. You're going to pay nothing for any of this, okay? Oh, okay. Okay? Because we're people of faith, and our book tells us to take care of orphans and widows.

And we go by the book. Okay? All right, thank you. All right, you hang on. We'll have the team pick up in there and get you signed up for financial peace and get you with a coach. You're going to be fine, honey.

You're in really good shape. This is my dream, Dave. Yeah. Hey, guys, here's the deal. This is it. She just told you what it means when you put life insurance in place, have a will in place, and have your pensions lined up and so forth to make sure that your family's taken care of it's how you say i love you now the rest of you that are listening to this get your

butt in gear and get over at zander insurance and make sure that you're troy because all of you ought to be troy this is the ramsey show We'll see you next time.