The Ramsey Show - App - Drive Like No One Else So Later You Can Drive Like No One Else (Hour 2)

Episode Date: August 17, 2022

Dave Ramsey & Kristina Ellis discuss: Why saving for college is part of the Ramsey baby steps, Avoiding student loans, Repairing a car vs. replacing it. 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 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Девочка-пай Live from the headquarters of Ramsey Solutions, it's the 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. We help people build wealth, do work that they really love, and create actual amazing relationships. We're glad you're with us, America. Thanks for being here. Christina Ellis, Ramsey personality, number one best-selling author, is my co-host today.

Open phones at 888-825-5225. Daryl starts off this hour in California. Hi, Daryl. How are you? I'm doing fine. Good. How can we help? I'm wondering why the saving for kids college is part of the baby steps.

I don't know. I don't quite understand why I should hand my kids that luxury. Just give it to them. I feel like if i build in the expectation that they can work at it do it themselves then it'll mean more and it'll actually get them further in their life in their career so i don't understand why that's in the baby steps okay well i don't disagree that um a lot of what you're saying is true. But I will put out, you can teach people, yes, if you work your way through and if you learn self-reliance, and you and I are cut out of the same kind of cloth. I don't disagree with your sentiment at all.

The other thing, though, is I've actually proven that paying for your kids college doesn't ruin them because i paid for mine and mine are all three very productive very ambitious scratch claw have good work ethic good character love god love their spouses take care of their kids and so on they all three turned out so i didn't ruin them by paying for their college but obviously i installed the things you and i are both concerned about into their walk as as their dad along the way so that by the time they got to college i didn't do that but are you under a moral obligation to pay for their college no that's not why it's in the baby steps uh if you

don't want to under the auspices of what you're saying i wouldn't disagree with you i think you're fine doing that uh but right but i i would disagree to say it's the only way they turn out is if you make it make the road hard for them that's not true no i agree with that yeah well we meet so many parents who are, you know, they have students in high school and they wish that they could pay for their kid's education, but they didn't think about it in advance. So this really kind of gets people thinking early on if that's a desire for them to pay for their kid's college education. It gets them thinking early on, you know, how are we going to do this financially? How can we save in the right way in order to make

that dream a reality? And of course, it's not, not every parent wants to pay for their kid's education. You know, a lot of people get scholarships. I had to pay for college on my own. And that's the journey for a lot of people. But a lot of parents do want to pay for it. And then they get to the, you know, junior and senior year, and it's kind of a little bit too late in their savings plans. So then their kids end up in a lot of student loan debt. That's why student loan debt is one of the largest debts in America right now. so it's really just trying to help students avoid that yeah right exactly so i christine and i would both agree with you we both did the thing i mean her her dad passed away when she was a little girl and so her mom was a single mom

and uh so she her only way to go to college her mom sat her down and said we got to get scholarships so she became the america's leading scholarship expert in the process and got a half a million dollars worth and scratched and clawed and not only got a degree but got a postgraduate degree and took care of every bit of it herself her mom didn't pay a dime of it and it didn't hurt her it's one of the reasons she's able to sit here at this table at her young age because she's because she's got the stuff you know that you're talking about daryl so that's all really really good and so i would agree with you that there is no moral construct that requires them to be in the baby steps but you would have to agree with me that the vast majority of people say i would like to

save something and help my kid go to college and so we need to give them a vehicle a place to do that an order in which to do that and that's why it's baby step five but it's not baby step four you have to say afford it honestly do what honestly i just can't it's not financially responsible for me to be saving for that it's too there's too much else that i need those numbers need to go somewhere else well i mean i'm still 12 years out plus even but there's no way it'll pencil out. I mean, I could save some toward that. Yeah.

Well, that's okay, too. I just, yeah. But it's not there to guilt trip you and say you're a bad dad. I should do it. It's not to say you're a bad dad if you don't. Well, and there's no shame in saying you can't. I mean, that's what my mom said to me is, like, she just couldn't afford it.

But even if I could, should I? No, not necessarily. It is not a moral obligation and to your point it's right now i will tell you this if you're going to be the dad or mom that says um i can but i'm not going to because i want you to be able to to hoe this row so to speak i want you to be able to hoe this row, so to speak. I want you to be able to push through this. I want you to learn hustle. I want you to learn grind. And the lessons you're going to get from being able to pay for it

are as valuable as the things you learn. If you're that dad or mom, which is how you started out the conversation, Daryl, and again, one more time, don't disagree with you. What you do have in that situation, the moral obligation as a parent you do have is you need to show them how they can do it talk to them about getting good grades so they can get scholarships talk to them about choosing a college that's affordable not a super expensive college that they can't afford talk to them about studying something that matters don't get a degree in left-handed puppetry and then end up as a barista with two hundred thousand dollars in student loan debt you know talk to them about uh hard work and working and working and working and working

and working and working and working i worked 40 to 60 hours a week for four years while i went through school and i didn't die from it and it's not child abuse. Exactly. Yeah, and I'm right there with you, Dave. That was one of my thoughts is just one of the best gifts that my mom gave me when she told me that she couldn't afford my education, the fact that she sat down with me after that and said, okay, so this is where we are financially. I can't pay for your college, but there are these – She's a coach and a cheerleader.

Exactly. She walked me through it. She gave me ideas she helped challenge me good luck with that right sorry about your luck or she didn't wait till senior year and then say it's to be you yeah no it didn't didn't do that yeah yeah you got it you got to walk with them and say okay listen here's the reason i'm doing this i want you to get some calluses on your hands here's the reason i'm doing this i can't do it here's the reason we're doing this it's good for you to learn how to problem solve now i'm going to walk with you

i'll help you with the problem solving i'll be your biggest cheerleader i'll be your biggest coach i'm going to push you i'm going to love you uh and if you can do that then you know you may you may end up with a really positive result out of this with some kids particularly but um and by the way all three of my kids while i paid for their school worked while they're in school if that because they were on a tight budget and they didn't have a bunch of money to screw around with if they wanted to go do something else they had to come up with the money to do that and so like my youngest who's one of our top executives at ramsey today many years later uh he's still the ramsey family uh mattress

expert because he worked at a mattress store. So anytime we need to know something about mattresses, we ask Daniel. Because he knows all about mattresses. He learned all about it because he sold the crud out of them. I mean, he was a good mattress salesman. They didn't like it when he graduated because they lost one of their best salesmen. So, you know, none of this hurts. It's a good thing.

Hey, hang on, Darrell. I'm going to send you a copy of the book, Debt-Free Degree, and I'm going to send it to you free. And it coaches you through and coaches how to go to college debt-free if your parents aren't paying for any of it. And it can be done. It can certainly be done. This is The Ramsey Show. We'll see you next time. Christina Ellis Ramsey personality number one best-selling author is my co-host today open phones at 888-825-5225 I think it's important to circle back to that last call for just a second

because I really appreciated where Darrell was coming from on a couple of different fronts one is it's not a moral obligation for you to pay for your children's college education you haven't been a bad parent if you didn't and two if you're in a position like your mom or like daryl saying he was having trouble putting the money together um you're we need to say really really loudly but since it's not a moral obligation you're not a bad parent it's not like you didn't feed them it's not like you didn't clothe them it's not like

you didn't keep the heat on those are your responsibilities hello uh moms and dads right but paying for stuff for them you know it's a it is he called it a luxury it is a luxury and so the number of times i've been sitting at the end of a stage after a seminar signing books and a lady particularly ladies i see it will come up that are single moms and they're just overwhelmed with the weight of that they're a bad mom because they have no money to pay for their kids college because they're i mean they're working three jobs just to eat a lot of times and then then somehow the culture has put this thing on if you don't say for college you're a bad mom yeah your mom's she's she's more like me she's like i don't care what anybody thinks i don't have any money and so we're gonna figure this out you know but she she wasn't burdened by

guilt i don't think no i don't think that was her style or is her style yeah uh but uh but i mean i see these people who are sweet and i'm not saying your mom's not sweet i'm i'm saying they're they're they're not coming at this with the same way daryl was or your mom did they're coming at it and going that the the weight of i you know i've got a 16 year old i make thirty four thousand dollars a year i have no money and thereby I'm not paying for college the arithmetic tells us that and then they they internalize this message that they're bad mom or bad dad and you're just not that's just not true it's just not true well we even meet people who are you know towards the end of their baby step two they're paying off debt and they just

they didn't know to save they didn't plan to save early on, and they also feel that shame. They feel like, man. I got a 16-year-old, and they're not going to have $200,000 saved. They're not going to have $100,000 saved in a year and a half before the kid goes to college. They're just not. So you have to do the other things. And so that's where the debt-free degree book came from, and it's helped a lot of people. Your book that you did, Confessions of a Scholarship Winner,

did I say that right? Yep. Was the number one bestseller, and Christina, as we've told the story a hundred times, is half a million dollars worth of scholarships she went and scratched up. So this stuff can be done, and we talk about this a little bit, but probably not as much as I would have liked to have had in our documentary called Borrowed Future.

In Borrowed Future, we dropped our first full-length film. It became a big deal last year. It's still out there. You can still watch it on Google Play, Apple TV, Amazon Prime. prime and it's a full-length you know world-class documentary on the horrible condition of the student loan the epic crisis that is the student loan industry right yeah and it actually shows you know what's behind it why it's so toxic and also how to avoid it it's such a cool documentary because it's like it shows not only people who are struggling with student loans and people who are just weighted down and really tells their stories,

but it also, you know, shows students who did it a different way and kind of opens people's eyes to the fact that there are very different paths that you can go. If you've got a teenager and you need to watch Borrowed Future. Yes. Period. Well, that's the thing. It's like I've been working with high school students for so long. It's an amazing resource to have because so often you tell them the words. You say, you should avoid student loan debt. You're going to regret it if you go into debt.

But to have actual stories and a visual picture of why the industry is toxic and people who are crying because of the debt that they took on and the pain that it's caused its life, it's just such a powerful picture for a young person to see, to really paint out for them. Yeah, the Academy Awards of On Demand Documentaries on the Internet, which is one of the things that we are, obviously, we're a long-form documentary, is called the Webby Awards. I didn't know this, but I learned it recently.

And it's presented by the international academy of digital arts and sciences well there you go the leading international awards organization that honors excellence on the internet this year's webby awards received 14 000 entries from 50 states and 70 countries um the uh our borrowed future it's got christina in it it's got dr john deloney in it. David Achico on our team was the producer on it. He pulled the whole thing together. Director Mike Rowe is in it.

Our friend Mike Rowe from Dirty Jobs is in it. Seth Godin, one of the best marketing minds on the planet, is in it. And a bunch of real cases. And so you need to watch Borrowed Future tonight. But anyway, we ended up, I didn't know what it was, but now I do because it's really heavy and it's important. And we won the Webby Award. Yeah.

So Borrowed Future is award winning. We got the number one documentary in long form, Borrowed Future, right there. And so there's the Webby Award. It's a big old spring. Pretty cool. And very heavy. I picked it up and I went, whoa, that thing's ridiculous. spring pretty cool and uh very heavy i picked it up and i went whoa that thing's ridiculous so pretty cool though i i didn't know they existed and i didn't know we uh were up for

an award and then all of a sudden we are an award so there you go i like it that's incredible uh it was the number one documentary uh for weeks on google play it was the number one number two documentary on apple tv and it was the number five documentary rent or buy category on amazon prime so uh a lot of viewership on it and we're very very proud of it and uh encourage you guys to check it out um not because you need to help us or something i mean it's like three dollars to watch it and we get 27 cents or something so it's not like we're getting rich off the thing you don't make any money on these things but the uh it's not a money maker but it is a it is a thing where we wanted to poke into this toxic culture and stir up a ruckus and buddy it stirs up a ruckus we have pissed some people

off with this thing because these student loan people man they're freaking evil the stuff they are doing behind the scenes is straight up it's out of some kind of book or something. I mean, it's hard to believe people actually do crap like that. To 18-year-olds. To 18-year-olds, yes. It is a filthy, filthy business. And you and I, the taxpayers, are guaranteeing these loans, which makes these goobers out there, these crooks,

able to do this stuff. It's unbelievable. The Navient people, the Sallie Mae people, oh, you got to watch this thing, man. It'll blow your mind. Yeah. So, borrowed future. And the message overall is this. Number one, the message of Borrow Future is student loans suck, and the people around them suck, so avoid this thing, okay? Number two message is you can go to school debt-free. It is possible. And it has a whole lot to do, most of the time, with school choice, choosing one you can afford.

And, you know, very few people ask when they're hiring you or when you're doing work with them or anything else what where you went to school and you know I I don't know where my doctor went to school I don't know where my lawyer went to school I don't know where my tax guy went to school I know that they have been academically trained because they're licensed in those areas, but I really don't know where they went to school. All I want to know is, can you fix this? It's broken.

That's all I want to know. And that's, you know, and if you can do that, then I don't really care where you went to school. My tax thing is, you know, screwed up. You got to fix it. Okay. You know, I said, estate planning, whatever it is. I, there's all these people and, and, you know, but people walk around acting like where

they went to school. It doesn't, nobody cares. Nobody cares. It's a joke. Well, and they're just, I think that's one of the big, you know, myths or lies around higher education that has become ingrained in society and is a huge reason why people are taking on crazy amounts of debt they think you know i gotta go to the college at all costs and that's just not true no not that college um listen you can go there if you want to go there i don't mind you

going there i'm not mad at you i don't make fun of you for being a harvard graduate uh unless you paid full sticker for it then i'll probably make fun fun of you. But please don't come in here telling me that you are more likely to be a success because of where you went to school. There's absolutely zero research that indicates that. None. You cannot find a data point anywhere. I've been in this business for 30 years. It's not there. So quit overpaying for this crap.

This is The Ramsey Show. you know when people change their lives when they finally say, that's it, I've had it. No more. I'm done. When that rises up inside of you like that, you're ready to change your life. And you're tired of waking up at 2.30 in the morning worried about how you're going to fill your gas tank? Yeah, I've had it. Tired of wondering how you're going to put supper on the table with the dadgum prices or keep these lights on?

I've had it. I'm not living like this. You make too much money to be as broke as you are. You should say, I've had it. When are you going to get sick and tired of being sick and tired? Well, for a limited time, we're bringing back the Ramsey $10 sale. You can get your hands on our number one bestselling books like the Total Money Makeover. That's helped 8 million people at this stage of the game.

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So you can go from I've had it to I've got this. Enough with the worrying. Enough with everybody else controlling your life. Enough with the disgust when you look down to see how much you make and you're still broke. Enough with the losing sleep. Take control of your money. Get your life back. Get one of these books at the $10 sale at RamseySolutions.com or get your butt in Financial Peace University and get this stuff turned around.

It's time. It's time. You've been dancing around the edges of this stuff and you're ish and ish is a wish. I didn't know financial coaching was included. That's huge. That's a sale we're running right now. We've never done that before. And it's going zoom, zoom.

People are loving it. Because they get a free coaching session. Because everybody wants to, you know, they don't want to call in on the show because they're afraid I'll be mean to them. But our coaches are nice. And so I'm not mean to you. I just love you and tell you the truth. And I don't have a lot of time. So I tell you real fast.

That's all it is. But, yeah just love you and tell you the truth. And I don't have a lot of time, so I tell you real fast. That's all it is. But, yeah, that's the thing. And the other financial coaching is a deal. Yeah. With a $10 book, hello. Yes. The book's already a $30 book, hello. So, I mean, a hardback.

This is a book you'll keep on your shelf for the rest of your life. I've got books that have changed my life. The information in them changed my life. And they've got sticky notes and highlighters are on my shelf i'll never give those books away there's some books when you move you throw them all out you give them to goodwill or whatever but no um not those not those alex is in new york hey alex welcome to the ramsey show hello dave and christina how are you great how can? All right. Thank you very much. I'm a social studies teacher, and this summer I got a second job as a server. Currently I'm baby step number two, and I've worked really hard with student loans,

the interest being paused, to crack down and get my debt lowered. Good. My call today is I have a 2007 Jeep Liberty, and currently there's a check engine on, and there's an issue with the catalytic converter. I've done some research on my end, and that's going to be $2,000 to fix, and I already have the baby step number one of just saving $2,000 first and foremost. Stop, stop, stop. Who said it's going to take $2,000 to do a catalytic converter? That's just, I've researched the part, and I've talked to mechanics who said that they would do it for $2,000. Okay.

Is it an inline catalytic converter in the muffler system? It should be right yes go buy one at a junkyard man um well i guess okay i might have to do that as well my real question the reason why i called is do i save do i spend the two thousand to fix it or do i it's really like rental car army, not used cars right now are much more than $2,000 right now. Or do I save a little bit more, but also knowing that my check engine light is on and it's kind of dangerous to be driving with that. So just want to pick your brain and see how like you try to manage that situation. How is this car otherwise?

Has it given you many problems in the past? It has. I put a door on it, and I closed it after I got it, and it doesn't, it's my driver's door. And the door doesn't open anymore, so I have to get in through the passenger side. But it takes me, it's pretty funny. It takes me to where I got to go, and there's no complaints, so. I've had cars like that yeah this is one that needs a name right here okay so if this if you if the car was running if everything was doing okay what can you get for the car today

i could probably get like 700 there's so much rest on it. Okay, I don't think that's true. I think you probably get $1,500, so let's call it that. Okay, if the car was running right, if you had the catalytic converter on it, it does not increase the value of the car that much, because if it was all fixed up and everything was running just right, it really still wouldn't be worth much more than that,

would it? You're right. Yeah, so you're throwing good money after bad, because the formula you use on fixing a hoopty, but you're driving a hoopty, right? I mean, you're right yeah so you're you're throwing good money after bad because the formula you use on fixing a hoopty but you're driving a hoopty right i mean you're driving a yes and so the formula is if the value of the car plus the repair the current value of the car plus the repair is more than the value of the car after it's fixed, you don't fix the car. And that's the case here. So we're going to sell this car as is, take that money,

plus the $2,000 you were going to spend on a catalytic converter and buy a car that's probably three times better than this car for $3,500. Yeah, it's probably not going to be the most glamorous car but it's not it's not okay so here's what you're looking at so later you can drive like no one else exactly exactly so here's the thing when you're buying up an upgrade hoopty what you're looking for is what we call a garage sale car you're looking for an estate sale where the little old lady drove it just to Sunday school and back, but it's old, and the upholstery's bad, and whatever else. So we had a guy working here for a while.

He drove a 1994 Granada. Can you say land yacht? Right? And it was formerly red, and it had faded, so it was pretty much pink. And then it got hit with a hailstorm, so it was pink with acne. Okay? The interior was horrendous. But the car, listen to this, man this man it had 20 000 actual miles on it

he bought it from his grandmother for 500 bucks and she never drove the thing so mechanically it was like perfect but it was the ugliest car i think i've ever seen in my life but mechanically it was perfect because when you're think I've ever seen in my life. But mechanically, it was perfect. Because when you're driving a hoopty, you're not driving the car to pick up chicks. You are not driving the car to impress people at a stoplight, right? You are driving a hoopty to get somewhere. And so all we care about is the mechanical condition of the car. And so you want to buy something that's ugly, that people make fun of,

that you have to give it a name, but it's mechanically unbelievably fabulous. And you call it old blue or big red. The one I had was a 1978, when I was going through bankruptcy, a guy loaned me. I didn't even buy it. He loaned it to me, a 1978 Cadillac. The predominant color on the thing was bondo but it was lights out mechanical i mean it was a beast mechanically but it looked like the beverly hillbillies had pulled up to the stoplight the vinyl roof was

torn loose across the front so when you drove it filled up with air like a parachute oh my gosh so when you stop the stoplight your top is settling right and everybody's looking at you and you know what when you when you get to that point you don't care what anybody thinks because all i want to do is get to work because i'm going to get to work so i can get rid of this stupid car so i can get a reasonable car but all you're looking for is mechanical reliability not sex appeal that's the car you're looking for and for 3 500 bucks you wouldn't believe how great a car you can buy with mechanical reliability and zero sex appeal. Yep. One of the things I love about working here is we have so many people who are working through the baby steps, paying off debt.

And when you drive through our lot, you see all sorts of cars. Hey, when people go home at night, there's oil spots out there. Right. I'm telling you, man. And people are proud of it. And around here, it's a badge of courage. It's a badge of honor. It's not, we don't make fun of people around here. It's like high-fiving them. Like, you're doing what telling you, man. And people are proud of it. And around here, it's a badge of courage. It's a badge of honor. It's not, we don't make fun of people around here.

It's like high-fiving them. Like, you're doing what it takes, man. Drive like no one else. Later, you can drive like me. There you go. I used to drive that stuff. Now, I don't drive stuff like that anymore. This is The Ramsey Show. so Christina Ellis Ramsey personality is my co-host today open phones at 888-825-5225

you know I want to keep on this car thing for just a minute because it's so interesting one of the things I emotionally realized somewhere along our financial journey and it wasn't with the Cadillac that was all the pieces with bondo or any of that but it was um it was after that there's there's something about purchasing a car a it's a very expensive thing it's one of the largest things we buy other than our home money wise most people anyway and um so but we have this sense that a car purchase is such a, and I think it's because of the amount of money, and it also takes up a large physical space. It's not a tiny little item.

It's a big thing, right? I guess it's those two things, but somewhere in our psyche, we ought to ask Dr. John Deloney about this, see if he could tell us what happens. But my theory is because of the size of the money and because of the size it physically takes up, it's one of the larger things in both of those categories we do, that we assign too much permanence to the purchase of a car. We buy a car like we're going to drive it 40 years and nobody does and if you buy a bad car sell it it's just a car get another one but we our emotions don't work that way very few people change cars like every year very very few people and um i uh uh uh you know i and i i don't i don't i don't trade cars a lot i don't

move up in car very often and and i'm not a big jump around and all that kind of thing either but and and i think though that we stress out about selling a car like it's the end of the world we're never gonna get another car Never see a nice car again. Or buying a car. We're like, if we did this wrong, we're stuck forever. There's a permanence to it that we assign psychologically that's just not true. Right. That make sense?

Yeah. And I think it causes us a lot of stress around vehicles that we don't need. It's just a stupid car. Get another one. I mean, $3,500 cars they're like throwaway cars yeah $2,000 car it's like a throwaway car i wonder if it's also you buy a big screen tv if it goes out do you get it fixed no you go get another one it's a throwaway but we but with a car we're like oh god you know you spend a thousand dollars on big screen tv you

spend a thousand dollars on a car you treat it psychologically completely different well i think part of the challenge for a lot of people is it's something that's out there like it's something that other people see so they still attach a lot of their value to it a lot of their status to it and there's kind of that feeling that that's mixed into it too but the permanence the sense that i'm stuck in the decision is unique to vehicles and houses houses people do that with too but and it is legitimately harder to jump in and out of a house but like i had to work walk myself through this i don't know three or four years ago i had a raptor and i saw this really cool 600 horsepower uh killer f-150 roush but it wasn't a raptor and i went down to the ford

dealer that's a friend of mine and i'm like yeah i'm doing that and so i drove home in that other one i took sharon down there and she's like whatever do whatever you know okay all right whatever i'm doing it so i bought the thing and i hated that truck almost immediately wow it was completely different than drive and feel and everything else and i just didn't like it and uh so i had the mufflers changed on i tried to do some other stuff it was really big engines wonderful powerful great truck or anything wrong with it i just didn't like it and i'm sitting around i don't like my truck i don't like my truck and i had to walk myself through well doofus sell it then you know it's a stupid truck so i went and traded it and

got a raptor you know and it cost me some i lost a little bit of money on my stupid impulsivity but but the point is it's not as permanent you're not stuck it's a car get another one you know it's a three thousand dollar car it's a throwaway car it's a garage sale car go to you know go to an estate sale and bid 500 bucks you can get you another one you know i don't want your whole yard littered with cars get rid of the other ones but but uh but it's not just because it's a large thing does not mean it's permanent right and i think that can give people some freedom to embrace the hoopty embrace the car that's the point yeah it's just a you know it this is a snapshot it's a moment in

time you're not going to be driving but when you're in the hoopty land be sure you take pictures and print them out and put them in a frame and label it big red you know old blue whatever it is right the green monster whatever you know how many i mean people out there all of you in radio land raise your hand i want to see you right but how many of you had when you were kids your your parents had a car that had a name we always had names for our cars you know we're going down the k-mark get it get in big blue i mean here we go you know i mean that's it's you know but we don't do that anymore because the cars aren't junky anymore they're not they don't have any personality they're all just look just alike and they you can't even tell the

difference in a dadgum hyundai and a lexus out there half the time nowadays they all look alike and so um but the there's something about this psychology around cars that ends up costing us a lot of money it is not permanent if you are driving a piece of crap, just grin about it. Take pictures because it's temporary. You're driving, like he said, like we say, you're driving like no one else. So later you can drive and give and live like no one else. Yeah. I wish people could just embrace the feeling that we have here, even in our parking lot

at Ramsey, where people do have the pride in a junkie car because it's so that they can get out of debt and get to building wealth. It's so that they can get to that next level. And there's almost like, you said, a badge of honor where it's like, this is awesome. This is going to be something we look back at when we're baby step millionaires and go, ha ha, I remember that season.

You got to have a story you tell the grandkids. Like, back in 022 22 i was driving a hope to you that the door didn't work and i had to climb in the other side you got to have something to tell the grandbabies someday right the great grandbabies you know get your get your denture adjusted there when you're telling your story right i mean you gotta back in ought 22 but if you just if you all you back in all 22 i had payments and so now i'm still broke that ain't a good story we don't want to do that one you want to live like no one else and drive like no one else so that later you can live like no one else no discipline seems pleasant at the time but it yields a harvest of righteousness nothing that is great ever happens without a level of

perseverance a level of pain that you push through and you might as well realize it's temporary right it's temporary it's not permanent if you're if you're sacrificing in order to win you're gonna win if you're not sacrificing to win don't expect to win you know and that's that this car thing is all wrapped up in this because you get these people, you know, I got a seven hundred forty two dollar car payment. Yeah, right. How much is your house payment? Five hundred bucks. Why? I live in a trailer. Dude, if your truck payments bigger than your house payment, you might be a redneck. I mean, really, we have these people do this stuff all the time and you got to go. So and I did it. I mean, I did it with zeros on the end because I'm a car guy.

I love vehicles. But I think it's important that people get around people in their lives too that are embracing the hoopty. That's why I think it's so great when people can get in a Financial Peace University class in person because they're around other people who are also hustling and grinding

and doing what it takes to get out of debt versus your other broke friends who have $700 car payments who are all comparing who has the coolest car and they don't feel, you know, you feel that pressure to join them. They have no money. Right. They're broke. Looking good and no money. I mean, that's the definition of stupid right there.

You know, looking good, no money. This is completely backwards and immature. The definition, you know, adults devise a plan and follow it. Children do what feels good. One definition of maturity is the ability to delay pleasure for a greater good. And so mature people emotionally exercise. And me, I got to stay away from the donuts dadgum donuts they kill me i get big as a house eating these donuts and so i i have to you know i have to self-control self-control this is

the actions of an adult at 62 or at 22 and this man it man, it just works. It just works. It just works. And we're so, so many of you out there are doing this stuff so well. I'm so proud of all of you. It's a good time. The good news about the Hoopty is it's just for a season. Donuts, unfortunately, you may need to avoid forever. You mean I don't get, if I eat like no one else later, I can't eat like no one else.

I don't think it's over. You know what? That's true. That one doesn't work there. It's depressing. It's a work there. It's depressing. It's a bummer. It's depressing. Thanks, Christina, for ending the hour on that note.

Wow. This is The Ramsey Show. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today.