The Ramsey Show - App - Don't Use Your 401(k) for a Down Payment! (Hour 3)

Episode Date: August 27, 2019

Debt, Home Buying, Retirement, Insurance   Tools to get you started: Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE   Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

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

Sean starts off this hour in Minnesota. Hi, Sean. Welcome to the Dave Ramsey Show. Hi, Dave. First time listener, first time caller. Hi, Dave. First-time listener, first-time caller. I'm honored. How can I help? So briefly, I've got a couple of irons and a couple of fires. I have student loan debt, which is that I've had since Moby Dick was a minnow.

And I owe about between $21, between 21 and 22,000 on that. Current interest rates are about 6.8%. Okay. I owe, I purchased a used car a couple of, well, a year ago, I owe about 5,200 on that, but the interest rate on that is only 3.9%. I'm mostly scared. People have put the fear into me about student loans. It cannot be discharged, I understand, in a bankruptcy, anything like that, and it just piles up, piles up, and kills you. Right now I'm on one of those income-sensitive repayment plans. Sometimes known as eternity.

Exactly, yeah. And I just want to know why I have a loan through Navient for about $8,200 and a loan through Great Lakes Lending Services for about $13,500. Navient is throwing mail at me every single day to refinance my loan at an interest rate that's lower. They must be tired of making a lot of money off me. They advertise a rate between 3.2% up to 7.1%. My credit's very good. It's around $740, $750. So I expect I'd get a lower rate, but there's got to be a hook. Anything to watch out for, any traps to be aware of there. Well, they're going to scarf in the other Great Lakes loan,

and that's where they make their money is having done that. But your interest rates are not your problem. What's your household income? Well, that's the other thing is I've recently changed jobs. So now I'm a trainee real estate appraiser and I work for a boss and his take is 50% of the jobs that I do for him. I'm an independent contractor. So I make about 25 grand a year right now. I'm just kind of biding my time and taking my licks. What were you doing before you started that? Something in a vastly different universe. I was a group home manager for developmentally disabled adults. Okay. All right.

And you made what doing that? Oh, about $18, $19 an hour. Okay. How old are you? I'm 44. And I take it you're single single no kids okay cool all right well here's the thing appraising uh a property is uh there's two functions to it uh and one is you visit the property and take down all of the pertinent data and that has to be done by appointment and uh with the customer and then the second piece of it is all of the analysis of the data which can be done at 11 p.m at uh 6 a.m at 3 a.m it can be done anytime right yeah my point is you know you're you very seldom get an emergency appraisal right usually you've got uh at least a week's notice of the appointment time

to go to the property right correct so that sets you up to work some awesome side hustles or part-time jobs or whatever to make some more money while you've got this thing underway because you don't make any money. And we've got to get some money coming in. We need to get some money coming in. You're starving to death. Right. So here's the thing. You can deliver pizzas and make $1,500 a month in most places working four or five nights a week. And $1,500 a month is $18,000 a year.

That almost doubles your income. That's just delivering pizza at night only. Not to mention you've got some other time on your hands right now. Because if you're only doing $25,000, you're not doing a ton of appraisals. You've got a lot of downtime. And you can do all your analysis in times, you know, off times around your side gigs. I don't want you to work a side gig the rest of your life.

I just want you to work one until you're making $75,000 or $80,000 as an appraiser. Right. Because I've got to get your income up. Plus, here's the good news. $37,000, only $37,000 makes you debt-free. Now, let's do a little math. That means if I can make you $20,000 as your side hustle, and you put that all on debt, you'd be 100% debt-free in two years.

Well, that sounds good to me because this debt is about as fun as Mother's Day in an orphanage. I hear you. And I want to be out of that. It just grows and grows. I've been paying on these loans off and on. And, you know, you can refinance it if you want, but you can't really borrow your way out of debt. That was my question is do i go ahead and

bite the bullet and take them up on this refi offer it's not a big deal because you're going to be debt free in two years yeah and then interest rate doesn't matter much the number of dollars that you pay in interest in the next 24 months because this is going to be a decreasing balance rapidly is you know we're going to list your debts smallest to largest which means we're going to pay off your car first and you're going to and and that means we're going to pay off your car in about four months now see that's what tripped me up my my interest rate on that is three i don't care about your interest i don't care about your interest i want your debt gone. Gotcha.

Because you're not going to keep the debt long enough that the interest rates matter much mathematically. Okay. If you just don't overanalyze it, you just need to knock something in the head here. It's just time for you to smack something. And so go get a job delivering pizza or something like that, and then go get another job that you can work around. And your appraisal's first, so whatever it is has to work around appraisal. I don't want you to abandon this career. That's not what I'm saying.

But, I mean, you can deliver pizzas at night because almost as you know, if one night you need to go do an appraisal, you can just call in and say, I can't deliver tonight. Right. You know? And I'm very close. By the end of the year, I will have my own full license, and I'll go work for the county as an assessor or something like that. So I'm very close to that.

Well, you can make more private if you just go build up a bunch of customers, a lot more than you would working for the county. But anyway, praise is a good field to be in. You've got an ability to make some money there. But here's the thing. Go make $40,000 extra dollars in the next two years. It's only $20,000 a year, and you're completely free for the first time in your life at 44 years old.

You can do this, man. You can do this. I know you can. But you just got to try something you had never tried, and you got to become highly uncomfortable so that you become comfortable. Live like no one else so that later you can live and give like no one else. The Bible says, No discipline seems pleasant at the time, but it yields a harvest of righteousness.

This is the Dave Ramsey Show. Folks, you have to pay a price for winning. over the years i've seen so many families suffer by not having life insurance it's not that they didn't care it's just that they didn't know so It's just that they didn't know, so they did nothing. That's a huge mistake. Listen, husbands and wives, moms and dads, think about it. If you died, how would your family pay the bills, the mortgage, food, and plan for a better future? This is what life insurance is all about, and term life is the only way to go. It's not expensive, and it's not complicated. Stop wasting money on cash value plans.

You need 10 to 12 times your income in protection and I recommend 15 or 20 year level plans. I also only recommend Zander Insurance and I have for over 20 years. These are the only people I personally use and they only offer the plans I recommend. Call them at 800-356-4282 or get instant quotes online at zander.com. Trust me, these simple steps will let your family know how much you care. There's a couple of key financial indicators in the marketplace that you want to be aware of. If the financial product that you're considering buying is being advertised on television and the other commercials around it are Snuggies and walk-in bathtubs, you might be about to make a mistake. That's a financial indicator.

If the car insurance that you have bought has a cute character or a bunch of mascots around it, you're probably about to pay too much. If they work so hard at being cute, and they spend a lot of money being cute with celebrities or creatures or mascots or whatever, it's probably built into your premium, do you think? Just a thought. These are key financial indicators. So what you do anytime you're going to buy insurance is you don't fall for slick television ads or not so slick television ads by not so slick people. Instead, you just go to an insurance broker that will shop among a bunch of different companies and get you the best possible deal. That's how you get a deal in insurance.

It's that simple. And you usually will save as much as $500 to $800, maybe even $1,200 a year off of this stuff. It's frustrating, the insurance world. It's confusing. And you need someone that actually works for you and by the way that should probably be like a real human not a pretend human or not a celebrity that actually doesn't know anything about insurance but is funny or cute yeah that's okay i mean both those guys are friends of mine but i'm still not buying the insurance it's that simple they're nice guys but they're not just paid celebs it's that simple

not only will they make sure that you have the exact insurance policy when you go to a human that is an insurance broker but they work for you they're going to shop among several different companies and get your best deal i use one of our endorsed local providers for my car insurance and my homeowner's insurance and i just changed it this year and uh because they you know the other company was raising me up jacking me around and they went shopping for me and we got a better deal and it was actually lower than it was last year there you go saves a ton of money in the process so go to DaveRamsay.com click on ELP for endorsed local provider and then click on insurance and they'll shop your car your homeowner's insurance and I'll bet you get a better deal than you got now.

I'll just bet you. But no lizard will call. No mascot will be at your home, and no celebrity will make cute jokes. Sorry about that. You'll just save money, that's all. Leland is with us in Wisconsin. Hey, Leland, welcome to the Dave Ramsey Show. Thank you, sir.

How are you doing today? Better than I deserve. How can I help? I just had a question. I live on a 30-acre homestead here in Wisconsin. I'm having trouble hearing you. Can you speak directly into your phone, please? Yeah, sorry about that.

That's okay. Try again. Is that better? Yes, sir. Thank you. Okay. So we live on a 30-acre homestead that's rented. My wife wants to buy that property,

and I'm wondering if it's wise to pull the money out of my 401k for the 20% down payment? No. Okay. Absolutely not. Do you save it up for it? Yes. Save up for your down payment. If you pull the money out of your 401K, there's only two ways to do that.

Both of them are dumb. One, you'd be hit with a 10% penalty plus your tax rate if you cash it out. If you borrow the money out of your 401K, that's also dumb for several reasons. One is that you're unplugging good mutual funds they'll be paying you 8 10 12 meanwhile you're paying yourself five uh so you took a pay cut there and oh but i'm paying myself let's see that's a great lie right there uh because you walked away from really good returns to get horrible returns to pay yourself then the other thing is when you leave your company and you will

leave when you die when you get a better job or when they fire you one of those three things will occur you will leave your company when you leave your company your 401k loan is considered an early withdrawal and then you get hit with the penalties and the taxes if you don't repay it in full within 60 days oh and by the way repaying a big loan is always handy thing to do right after you lost your job so you know it's exact worst idea ever so now you guys need to slow down get yourself on a plan get out of debt make sure you have your emergency fund in place then start saving money for your down payment on your home, and then buy a home on a 15-year fixed rate maximum where the payment's no more than a fourth of your

take-home pay. And then that sets you up to move into everyday millionaire world. Two primary things people do that become millionaires from our study. Two primary things. You get their home paid off on an average of 10.2 years, and they steadily invest in their 401K and Roth IRAs, and then they look up after a few years and they go, wow, I have a nice piece of real estate here that's paid for, and I have a big pile of money in my investments.

Wow, I'm a millionaire. That's how it works. There's no magic pill there's no shortcut it's just hustle and grind baby just hustle and grind daniel is with us in virginia hey daniel welcome to the dave ramsey show hey dave it's a pleasure to talk to you um you too um i uh no i have a feeling of what you're going to say, but I just wanted to call to get confirmation and have you say it, but, um, to give the rundown, um, we've been following you for since like October of last year, we got the saving, uh, fund. And, um, I currently have two jobs, both of those jobs bring in $260,000 a year.

My wife makes $130,000 a year. The problem is that, and we have like between credit cards, student loans, all of that, we're at like $400 right now. Um, and we're chunking at it, chunking, uh, chucking it down, chucking it down. Um, the, the problem is, is I'm more like aggressively financially putting into the debt than, um, than my wife is. Um, and the reason I found that out is because I saw her bank statement lying around. She still doesn't know that I've seen it. And she has like 20,000 in her account. So she's kind of been lying to me

about how much money that she can put in towards the debt. Right now, based off of the snowball, her student loans are next in line because she doesn't have any of her loans consolidated, but I do. So mine is a huge loan versus hers being like onesies, twosies. How long have you guys been married? Six years. You want to stay married?

Yes. You've got to stop doing this. It's not working. You're going to kill each other, man. You're treating your wife like she's a roommate. She's not your roommate. When you went down the aisle, you went, dun, dun, dun, the preacher didn't say, dun, dun, dun. The preacher didn't say.

And now you are roommates. You go have your checking account, and you have your loans. And you go have your checking account, and you have your loans. You have your income, and she has her income. That is not what the preacher said. The preacher said, and now you are one. Unto thee all my worldly goods I pledge. You need to combine all of your finances combine all of

your accounts and learn to work together instead of standing off in two separate bedrooms and each end of the house yelling at each other you're gonna kill each other man this is this is the kind of crap right here that causes divorces over money you need to sit down together and share goals and shared money we have an income you're french now baby money. We have an income. You're French now, baby. Oui, oui. We have an income. We have debt. We have a budget.

We have a plan that we are both agreed on. We have a bunch of debt, and we have a bunch of income, and we're going to fix this crap. Brenda is with us in Pennsylvania. Welcome to the Dave Ramsey Show, Brenda. Hi. Hey, what's up? So, this is my very first time ever listening to you on the radio. Wow. My husband listens to you and talks about you nonstop.

I'm sorry. No, no. So, when I heard you on the radio, I said, I'm going to pull over and I'm going to call because I have a question. And you got through. Wow. I did. Isn't that crazy, right? Yeah, cool.

So my question is, all right, so we paid off our house about three months ago. We are literally debt free. We have no more credit card debt. We have no house debt. Way to go, hero. Yeah. So that's because of you, because he listens to you, like I said, every day. But here's my question.

He wants to keep putting in all of our, quote, extra money into our IRAs or SEP accounts and all this stuff. All of it. Like more, you know, the more the better, the more the better. But I'm afraid with our age that we won't have the long-term, if it goes up and down and up and down. At what point do you not put in all of your extra money, so to speak, into those IRAs and SEP accounts? Well, if they're invested in good growth stock mutual funds like we recommend, I personally don't stop doing it.

How old are you? I'm 57 and he's 55. Okay. I'm 58. Alright. So here's the thing. Are you guys healthy? Yes. Okay. If you live to... Average death age of a female in America today is 76.

A male is 74. That includes infant mortality and teenage death, though. So if you look at a life insurance table called an actuarial table, if you live to 60 and you're healthy, you actually have a very high probability of living to 90. So that's another 30 years. So when you ask a 60-year- old how they need to invest if they're healthy it's a lot like asking a 30 year old how they need to invest if they want to take some money out at 60 30 years later and so you don't need to stop being smart and stop investing just

because you're 60 now if he's loading up all of your income into all of these retirement plans and you guys can't enjoy your lives then we need to get him to turn the burner down okay i'm with you on that but it wouldn't be because of the of the investment philosophy it would be just because he's using up all the stinking money and all he wants to do is save. He never spends anything because he's tightwad. I don't know about that. Okay. We still enjoy. We do.

Okay. So what's your household income? The two of us, probably $150,000. Good for you. And how much is in your nest eggs now? Do you know if you put it all together? All your 401Ks and IRAs and everything else. And the house?

No, just in your nest egg. Okay, I would say $300,000. $300,000? Yeah. All of everything you've got together, not counting the house? I'm thinking so, yeah. Okay, all right. And what's the house worth?

Probably about $100,000, between $180,000 and $200,000. Okay, cool. So you've got about a half million dollar net worth, and in seven years you'll be worth over a million dollars when you're 67, 65. Okay? And about the time you're 72, you should be worth about $2 million. How do you figure? Well, that's if it's invested in good growth stock mutual funds based on returns in the market.

I don't know what you're invested in. But the house will go up in value over the next seven years. And if the mutual funds perform like the market has they'll not counting what you're putting in they're going to double plus you're going to put more in so he's not putting in too much to where you all can't live how much are you guys putting into retirement um i don't really know exactly i know like he has a SEP account. He's an independent contractor. So he can put in a certain amount. I'm not sure what it is.

13.8% of his net profits. Right. So we haven't done that yet because, like I said, we just paid the house off a couple months ago. And now that we're, quote, debt-free, which I can't believe, but we are. It's awesomeness. Yeah. He wants to see, you know, how much have we sent to our financial person? I'm like, well, nothing yet.

And he wants to keep sending and sending and sending. And I'm okay with that. If in 10 years that stock market or whatever goes down, we're not going to have nothing. Well, okay. I'm afraid, you know. Let's pretend it was 2008, okay? And the stock market went from, the Dow Jones went from 13,000 to 6,500. It went in half.

You remember when the world was coming to an end on the news? Yes. Yeah, and everybody's crying how they lost all their money. Well, they didn't lose all their money. They lost half their money. And they only lost half their money if they cashed out, because nobody gets hurt on a roller coaster unless you jump off. Okay?

So let's pretend that you had a million dollars in 2008, and it went in half to half a million. Oh, my God! Oh, wait a minute. If you left it alone, do you know what it would be worth now? About $3 million. Okay. And that was since 2008, and that's the worst dip in the history of the stock market

except for the Great Depression. Would you recommend putting it into different things like stock and the 401s and all of that? A 401k is just a way to shelter whatever you're doing. A 401k is just a way to shelter whatever you're doing. A SEP is just a way to shelter whatever you're doing. An IRA or Roth IRA is just a way to shelter whatever you're doing. And so what I recommend, what I personally do, is I invest in four types of mutual funds. Growth, growth and income, aggressive growth, and international.

And I want you two to go sit down together with your financial person that you quoted a while ago, and he or she needs to have the heart of a teacher, not the heart of a salesman. And when you sit down with them, you should now know what you're invested in, how much you have, and what you think it's going to do,

because you are being taught and you will understand part of your fear and this that caused this conversation was you don't know what's going on and you don't know if we're going to get to where we don't know where we're going right and you need to and it's your money it's not the financial person's money. And so you and your husband need to sit down. And my financial guy, I'm America's financial guy, okay? But when I sit down with my broker, his job is to make sure my wife understands what's going on. Because if I die, that's who she's going to call. True.

And she needs to know what the flip is going on. So as far as the regular savings account that we have, we shouldn't keep putting into that. No. You need to kind of stop after a while. No, you need an emergency fund of three to six months of expenses. Yeah, yeah. You need money saved for Christmas and money saved for that cruise you need to go on.

And other than that? And other than that, you need to go on. And other than that? And other than that, you need to be investing. Okay. Because the investment money is all yours, and once you're 59 1⁄2, you can take any of it you want without any penalties anytime you want, but you're not going to want to. You're just going to want to get this goose fatter and fatter and fatter so this goose lays more eggs.

But you can take out when you're 59 1⁄2? Yeah, 59 1⁄2 out of any of these things without any penalty. You'll pay taxes on some of it depending on what it was, whether it was a Roth or not. But, you know, see, this is the stuff you need to understand. And if you understand this stuff, then you can relax and you'll just do the plan together. But right now he's kind of over here working this real intense plan, and he's got Dave Ramsey-itis. And he's gone a little bit crazy, but it's kind of crazy good because you've got the house paid off, and it's kind of working, but you kind of don't know what's going on.

So you really want to understand this crazy medicine before you take any more of it. And I think that's smart on your part. Okay. Sounds good to me. Get after it, kiddo. You guys are heroes. I'm proud of you. You took control of your life.

You didn't wait on the government to fix you. You're going to retire millionaires. You're going to be everyday millionaires. Hang on. I'm going to send you a copy of that book by Chris Hogan, number one bestseller, Everyday Millionaires. It's 140 of the statistics of what we found when we studied real millionaires, not your broke brother-in-law with a political opinion. Real millionaires, how they really do it. Shut up.

This is how they really did it. Everyday Millionaires, number one bestseller. This is The Dave Ramsey Show. Thank you. our scripture of the day ecclesiastes2. Do not be quick with your mouth. Do not be hasty in your heart to utter anything before God. God is in heaven and you are on earth. So let your words be few. It's a great, great scripture if you weren't doing a talk radio show. If my words are few, it gets real quiet around here. Have you noticed?

I would like to do that, though, I'll tell you. Winona Judd said, silence is refreshment for the soul. That's good. All kidding aside, a lot of wisdom there. All right, up next is going to be Maurice in Georgia. Hi, Maurice, how are you? Hi, Dave. Thank you for taking my call.

I really appreciate everything that you do for us. Sure, man. How can I help? So let me give you a little bit of history with my story. I know we don't have much time, but anyhow, I had a fall after 13 in the year of April 2011. And I was horrible with having a family. I lost my family. And I went through a horrible divorce as well. That being said, I'm 48 years old now, and I've been listening to you since August of 2018.

And I've been following your plan. I was attempting to go back into debt after falling bankrupt and going through the horrible thing that I did because I was lost. I don't have any great financial advisors that's in my family or any main support. I am a member of a local church, and that is what also helped me through my bankruptcy, finding the grace of God to pull me through. With that being said, motivation. How do you stay motivated when you have barely anyone around you that's willing to even listen to a plan or advice and never had a plan? Life is just happening to them, and you see life is happening to them after finding you.

I know that that is simply what a lot of family members as well as friends is doing, is just going through life and things are just happening. And they don't have any urgency about anything. And money is not a main key. It's like if I can afford it, I go out and eat. If I can afford to buy it, I buy it. And I suffer the consequences later. That has been the mindset pretty much of my livelihood that I've known.

But instead of me talking, I'll wait for you to respond to the motivation question. I do have another quick question if I could. Okay. All right. Well, the thing, I mean, I don't know that there's any magic to it. You have to have something you're aiming at and you're willing to sacrifice to get there. Adults devise a plan and follow it. Children do what feels good.

All of us have a little kid that lives inside that just wants to do what feels good. Thank God it's Friday. Oh, God, it's Monday. But that's childish, and that's irresponsible, and that's impulsive, and it brings you to your knees all the time. I mean, it keeps you broke all the time, right? And so that's what I went through because my nature is I'm a natural spender, and I wasn't always a natural investor.

I'm not. It's not my nature, but I invest heavily so that I can give more because I love giving. I love generosity, and so that I can enjoy more, and so that I can change my family tree, and so I don't invest just because I think investing's fun and i don't deny myself a purchase on something just because i think it's fun to do that i do it because that's what gets me where i want to go it's like i saw a bumper sticker one time that said nothing tastes as good as it feels to be thin you know and that's kind of what it is. There's nothing you buy that's good enough to make it worth you having gone into debt and robbed yourself of financial peace again.

When you have no payments and a pile of money, you can relax in the money part of your life, right? Yes, you can, Dave. After following your plan, i did leave this out um you know this like i said last year just only last year i've been working like a maniac i've been picking up um overtime left and right yeah it sounds to me like you're motivated i mean well it's just how could i say i, and I'm going to stay motivated because I am also as well a military veteran that served in the Army. And I know how to find motivation. Okay.

Pull it out of myself as well. But it's kind of, that's why I'm, I mean, I have different. Well, there's more unmotivated people out there than motivated people. So the motivated ones are harder to find. I mean, average average that's where average comes from man is people sitting on their butt you know so what you got to do is you have to decide okay who am i who am i going to spend my time with who's going to be my inner circle of friends my gang that's going to pour into me and i'm going to pour into them and they're going to

be people that are people that are achievers they're going to be people that are achievers. They're going to be people that read books. They know more about books than they do television programs. You know, if the only thing your best friend knows about is The Bachelor, you got the wrong best friend. If the only thing, you know, they're watching reality tv that's not even reality if the only thing your best friend knows about is that then you know got the wrong best friend you know and so you know hang out with people that are doing stuff that are knocking down doors and getting

stuff done and it doesn't mean you have to snob everybody else or be a jerk to other people i'll talk to anybody. I'm not mad about anybody. But I'm talking about my inner circle, the people that influence me and I influence them the most that are the closest to me. I choose those carefully because you're going to become one of them. You become who you hang around with. The Bible says, be not deceived. Evil company corrupts good habits.

You become who you hang around with. And so what you're facing and what you told me out loud is that you've got a bunch of folks in your life that you're going to have to give a little bit of distance to. And that's hard to do. And you don't have to be mean to them and you don't have to be mean to them, and you don't have to make a statement to them,

and you don't have to go in and throw your nose up in the air and be a snob about it. You just simply don't spend as much time with people who sit on their butts and do nothing because you're going to end up sitting on your butt and doing nothing. It's really not rocket science. You become who you hang around with. You know that when you raise kids. You let your kid run around with little Johnny, little Johnny smokes weed, your kid's going to be a weed head.

That's what's going to happen. I mean, you're not going to be able to stop it. And so, you know, my daughters, when they were teenagers, they don't want to date some guy that's a party animal. It's like, no. Well, Dad, you're mean. Yeah. You're not, you're mean. Yeah. You're not going out with him.

Well, you don't believe in the redemptive power of Jesus. Yes, I believe in Jesus. I just don't believe in Bobby. This isn't a hard equation. You become who you hang around with. That's the thing. And, you know, you can't keep it from happening. I was up in New York the day I noticed all you people in New York have an accent.

Y'all all talk alike. And you think in the South we've got an accent. You know, we all talk alike. You become who you hang around with. And so, Maurice, that's a big lesson, and it's a harsh lesson. And, again, i've got friends i had a hamburger with a buddy of mine from high school the other day i've got friends from 40 and 50 years ago that particular guy's an achiever uh but i'm not i'll be i'll be nice to anyone and i'll spend time with anyone but i'm talking about the amount of time i spend

and the intentional people i choose to hang out with you become who you hang out with and that that's a that's what you're saying and that's what's been hard for you you have you've been trouble getting those kinds of people into your life and you just got to search them out and it may take you a while to build that up and that's okay nothing wrong with that at least you recognize that you need to do it so one buddy of mine he said getting out of the neighborhood is hard but getting the neighborhood out of you is even harder you know how'd you grow up what they say in your neighborhood how'd they think in your neighborhood you know getting getting out of the hoods easier than getting the hood out of you it's it's just that's the way it is hey thanks for the

call man that's a good discussion that puts this hour of the dave 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. catch the most watched Dave Rantz deathly screams in the very popular everyday millionaire segment go to the Dave Rantz's show YouTube channel and subscribe