The Ramsey Show - App - Financial Peace Gives You Actual Peace (Hour 1)

Episode Date: May 28, 2019

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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. Thanks for joining us, America. We're glad you are here. This is a show about you. The phone number here is 888-825-5225. We take more calls here on The Dave Ramsey Show than any talk radio show that you listen to. Because you are the subject.

Oh, you're calling to ask my opinion, but you're the hero in the story. You are the one that's leaving the cave, killing something, and dragging it home. You're the one that's working the extra job to get out of debt to change your family tree. You're the one that's having to make the decision to amputate the Tahoe. You're the one making the hard choices. I'm just sitting here yakking for three hours a day. Thanks for joining us. Open phones at 888-825-5225.

Debra is on the line in San Antonio. Hi, Debra. How are you? Hi. Just great, Dave. Thank you so much for taking my call. My pleasure. How can I help?

I've listened to you for years and years, and I just have a question today. I'm 64. I'm a federal employee, and back in 19 just have a question today. I'm 64. I'm a federal employee and back in 19, I've been an employee for 28 years. Back in 1997, I quit my job. I had two babies and I didn't think I'd be going back to work. So I took all my money out of my retirement account. My husband died a few years ago, so I went back to work. So now I'm wishing I hadn't taken that money out, but I put $26,000 back into it. I owe $50,000 in order to retire.

So my question is, what do you think the best way is to put that $50,000 back? I have a home. I own it. I was thinking about home equity loan, but I know you're usually against that. But I don't know if a personal loan would work. How much longer will you work for the government? I'd like to retire at the end of this year. I'll have 28 years in the end of this year, and I just want to travel, see my kids, my two boys, and relax. If you don't put the $50,000 back, you will still get a pension at the end of this year,

just not as large. Exactly, way smaller. If I put it back, my pension would be $3,000 a month, $36,000 a year. If I don't, it would be about $650 a month. Really? And I couldn't live on it. Really? Yes, because my first about 20 years.

Are you sure you've got your numbers right? Yes, I had them run them for me. I didn't say I took off 14 years to raise my kids. You did say that, but $50,000 should not give you a return of $24,000 a year. Somebody's run some numbers wrong on our pension. That would be highly unusual. That's a 50% rate of return. That is.

That doesn't make sense. Because pensions are typically calculated at 7%. And so what is your home worth? About $200,000. Is it paid for? I have about $140,000 in equity. Okay. I owe $60,000.

And what do you make a year? I make about $80,000. Well, that's good. Okay. It is. I'm blessed. It's a great job, and I really love it, but I just feel like I need to do more with my life. Yeah. to do more for my life yeah and um well i i want you to get with one of our smart investor pros

and i want you to go back to your uh your folks at the federal government and get a re-verification on these numbers because they're not i don't think they're right they can be it's possible i mean it would just be a highly unusual scenario and it would have to do with the gap you took off to raise kids that's that could be the way this happened but it's it's i've never in 30 years heard one that uh that has those these kinds of numbers okay they just typically don't so i'm not i'm not saying it's 100 wrong but it just it it feels squirrely so if it let's pretend that you get with a smart investor pro and you get back with your folks at the at the federal government government and you ascertain that this is correct.

The $50,000 gives you an extra $24,000 a year. Okay. That's pretty bizarre. Okay, that'd be awesomeness. All right. That's the kind of stuff I would sell my house to pull off. Right? I would.

I mean, because that's a 50% rate of return. It changes your life in retirement if that's a 50% rate of return. It changes your life in retirement if that's available to you. It does. Okay. Definitely. The other question I would have then, because you don't have any other money, I assume. I have $13,000. I use a lot of my husband's medical bills, but I have $13,000 in my IRA.

That's all I have. Okay. All right. Well, the other question I start to ask myself is, okay, how much of that $50,000 can we just make up out of income you earn, and would it be worth it, even though you want to retire right now and travel, would it be worth it to work two more years and just do it out of your income. But the way I was looking at what my resources told me, my human resources, that even if I work two more years...

You make $80,000. You could come up with $50,000 making $80,000. That's what I was saying. I came back. Yeah, you could cash flow if you work a little bit longer making $80,000. You just tighten up your budget and pretend like you had $50,000 on a credit card, and you go beans and rice gazelle intensity. And if you're getting a 50% rate of return, hey, I'm Papa Dave.

I get it. You want to be with the grandbabies. You want to travel. I completely understand that. You and I are the same generation. I'm just a couple years younger than you. And so I get what you want to do, but for a 50% ready return, I'm going to suck it up and work two years. Hmm.

So you think I could do that? $50,000 two years? Yeah, $25,000 a year out of $80,000. You can do that. Yeah. Well, maybe I'll work towards that. I mean, if you put $2,000 a year aside for two years, you get $2,000 a month aside for two years, you get $2,000 a month for the rest of your life. That's what these numbers said.

And that's worth doing rather than selling your house just to quit a year early. I'm working to $66,000 if I'm you and doing that. If these numbers are right, but please, before you make that decision, verify them from two different sources. Have the SmartVestor Pro go over what your HR team gives you, and let's re-look at those numbers. But it could be a mathematical anomaly in the pension there. It's not supposed to be that way. Pensions are supposed to be set up not with a 50% rate of return, but with a 7.5% to 6.5%

rate of return. So I don't know how they, but there's all kinds of crap happens. And it is the federal government, so it's one of the great mysteries of life. We're not supposed to understand it. That's how it works. So anyway, go check it out with them and check it out with the SmartVestor Pro

and then you can make your decision. That's a way to do it. You don't have the money otherwise. And no, I'm not going to tell you to borrow the money. You knew that before you called. This is Dave Ramsey, and I would probably just melt down and go through a hole in the floor with dry ice and sing, What a world! What a world! And there would be stuff if I ever told somebody to borrow money.

That'd be it. I'd just sink right through, and that would be it. Yeah. This is the Dave Ramsey Show. You know, I get asked all the time, at what age should I buy life insurance? Let me be clear. If you have a family, if there are people depending on your income, now is the time to have term life insurance. I don't care if you're 20, 30, 40, 50, or whatever. Your age is less important than your financial situation. If you have debt and a lack of savings, it makes no sense to risk your family's financial well-being based on the cost of a term life policy.

Term life rates are just plain cheap, even if you're not in perfect health. And the best way to compare those rates is through Zander Insurance. Zander only sells the plans I recommend and shops among the top companies to find the best rates and the right coverage for you. Call 800-356-4282 or visit Zander.com. You got no excuse to put this off, folks. Bad things happen to people all the time, regardless of age. And it's your responsibility to deal with this.

That's Zander.com or 800-356-4282. Thank you for joining us, America. This is the Dave Ramsey Show and is in Seattle. Hi, Ann. Welcome to the show. How can I help? Hey, Dave. Thanks for taking my call. I love your books and your show and all the personalities. Thank you for taking my call. I love your books and your show and all the personalities.

Thank you. I was going to say, your podcast even helps me lose weight because I walk and listen all the time. Wow. Honored. Thanks. I love it. How can I help? My question is, my husband and I, we're debt-free except for our mortgage and the mortgage of our rental property.

And our question is, which should we tackle first? Right now we're making 15-year payments on both, but we've been going round and round on should we get the rental knocked out and put that rent towards our primary mortgage? If they're equal or the rental is greater or close to equal, I'd pay your house off first. If the rental is a tiny little debt, you might knock it off first. So how much do you owe on your home?

Primary home, about $500,000. That's $499,000. What about the rental? $340,000. Okay. That's kind of borderline. And your household income? $550,000 a year.

Whoa! What do you guys do for a living very lucky i am an aviation sales manager and my husband is an operations manager for a pharmaceutical company oh wow we spend a lot of time on the road good job sacrifice there yeah and you're making some bank too okay Well, it doesn't matter because with that kind of income versus $840,000, $550,000 versus $840,000, right? Mm-hmm. They're both going to be paid off. You know, what, $200,000 a year, $300,000 a year you're jumping on these things with? So four years, five years, they're both paid off, right?

Right. I mean, if we put that much towards them, yes. Yeah. I mean, well, I mean, you're a baby step six. You're putting 15% of your income away for retirement and still have a very, very nice life. Make sure kids' college funding is going in them. Then I'm chunking at the house, chunking at the other.

So anyway, five years, they're both gone, maybe, okay? That's only $150,000 a year. Okay? Divided between two? Yeah. If you put $150,000 a year on $840,000 in five years, is that not right? No, that's $650,000. I missed it by a little bit.

So, 200 times five would be a... So, that is $175,000 is a 175, 160, something like that. It's in that range to knock it all out in five years. So let's just say five years, they're both done, so it doesn't matter much which one you do first. I probably would pay down my house first, and it's just simply because there's something that happens when your personal residence has no mortgage. That's what we were leaning towards, the psychological effect of having a home. It's also, in my world, it's also spiritual,

because the borrower is slave to the lender. Of course, getting rid of all debt is a spiritual thing in that sense, too. But there's something about your house being paid for that flips the switch inside of you being free. Because know in a in a worst case scenario both jobs went kaput right you could just dump the rental and it would cause you a little bit of emotional pain but not much and so then you'd be 100 debt free right and and if you had this horrible situation occur which is not going to happen okay but but you know so I'm kind of looking at it through a risk management lens, if you will. In a horrible worst-case scenario that's not going to occur, what would I want to dump or lose to keep from or dump it to keep from losing it?

Well, it would be the rental over the house, right, over my home. So I'm probably going to knock out the house first here. Let's say this rental was only $100,000're like doing it in a year i might go ahead and put the rental in front then you see because it's just going to be over with so fast but it's a pretty good sized both these pretty good size mortgages so hey lay out a game plan do the math on it and set yourself a goal um instead of just randomly throwing uh checks at it lay it out and go okay there's 840 000 here when do we want to have that done making 550 and you don't have to go into super sacrifice mode or anything i just want you to be intentional

and set a very detailed goal because you make a lot of money and you sacrifice a lot to make a lot of money so you want to make sure you get something for all of that money. Good job. You guys are awesome. Evan is in Charleston, West Virginia. Hi, Evan. How are you? I'm good.

How are you? Better than I deserve. What's up? Okay, so I just wrapped up my third year of college, and I'm currently studying business management. Good. Things are going well, and I'm on track to graduate after one more year, so I'll be graduating on time.

The problem is after being in college this long, I now realize I would rather get a finance degree instead. But the problem with that is the school I go to is kind of a smaller school, doesn't have a finance program. And there is another school about 30 minutes away that has a program for finance that I could transfer to but i would have to i would be behind and i would have to spend more than one more year in school and it cost me you know thousands of extra dollars because of the extra time in school so my question

pretty much is should i keep doing what i'm doing and finish out what i've been going after or should i i would i would finish the degree you've had and anything you want to learn about finance you can learn okay you're the only thing you're after is you want to go be in the financial world right yeah you don't have to have a finance degree you don't have to have a finance degree to do that you do need an understanding of finance and you are taking some undergrad finance classes one or two at least aren aren't you, for business management? Yeah. It's in the curriculum. Yeah. So you've got basic present value, future value stuff in front of you or amortization charts in front of you, compound interest.

You know, you've got the basics of finance and, you know, how to do weighted cash flow analysis. All that stuff will be in those first two semesters. You'll have some really strong undergirding and then if you wanted to go into a certain industry there'll be industry specific things you could go do for instance if you want to be a financial planner you could go get a cfp but those are all after market after graduation things you would do if there's something lacking in your actual knowledge base you could pick it up with one or two classes just as an audit from that other place and still have your business management degree.

Okay, so I wouldn't just be locked into the management field and not go in? No. No, I got a degree in finance with specialization in real estate because I was a real estate geek. I thought I was going to be some kind of a big real estate guy. actually ended up owning a bunch of real estate but just because i love it but the the point is is that you know the the way you're going to use the basic statistics the basic accounting the basic marketing the basic finance classes you've got in the curriculum you're in now uh the way you're going to utilize those things you can go into anything it's a wonderful

well-rounded degree that you've got. I would just complete it, and then as you move into a particular field, if you want to pick up some classes at the local university and just pay by semester hour or whatever, you can do that. Or you may choose to study a specific industry certification process in one of the areas of finance that you would want to do. Okay. I think that saved me a lot of time and a lot of money because I was really thinking

about just scrapping this degree. No, no, no. You're too close to the finish line. And it's got the stuff you need to go live what you're wanting to do. Okay. It's not like you wanted to go okay i want to i think i want to go to med school well crap yeah you do have start over okay if you're doing that you're not changing fields you're still in the same field it's just a matter of some specialization on the classes

um i mean if you're really really concerned about it while you're doing your senior year go ahead and sign up at the other place and take three finance classes over there and just pay for them rather than change your whole major the major will not keep you from getting a getting a job in the finance world it just won't it's not that's not a problem for you hey good question thank you for joining us open phones at 888-825-5225. You join in. We'll talk about your life and your money. Kyle is on Facebook on the Ramsey Baby Steps community. What point in net worth do I need to consider having additional umbrella insurance?

You can buy an additional $1 million of liability insurance for about $200, $250 to cover car and homeowners if someone got hurt in either case and would sue you you'd want an extra million dollars for 250 a year in coverage why would you want that if you were a target why would you be a target well if you had a sizable net worth half a million to a million dollars or greater and or if you just make a lot of money you just have a really good income you you might be a target. In either case, you'd want to pick up the liability umbrella policies. Good question. This is The Dave Ramsey Solutions, Ross and Natalie are with us.

Hey, guys, how are you? Hey, Dave, good. How are you? Good. Better than I deserve. Welcome. Where do you live? Lancaster, Pennsylvania. Cool. Well, good to have you all the way to Nashville to do a debt-free scream. How much have you paid off? Paid off $68,000 in 21 months. Look at you. Good for you.

And your range of income during that time? It started at $90,000 and went to about $100,000. Very good. What do you all do for a living? I'm a mechanical designer. I'm a veterinary technician. Excellent. Very cool. What kind of debt was this $68,000. It was two cars and two student loans. Oh, you were fairly normal. Very normal, yeah. Just normal people going along, and 21 months ago, something happened. What lit the fuse? Well, we were married about for a year, and I just remember we got our taxes done,

and Natalie looked at me and was like, we made how much, and where did it all go? I don't know. Love it. I was like, we made how much? And where did it all go? I don't know. Love it. And I was just like, taxes? A mortgage? I don't know. Like, I had no idea. And at that time, it just made me put, like, a mock budget together.

And it came out to, like, $100 extra or $200 a month. And I'm like, man, is this what it's going to be like for the rest of my life? Like, there's got to be something better than this. And, uh, at that time, Natalie said, oh, we're, we're going to take this financial class at church. And I'm like, okay, it sounds good to me. Financial peace. It sounds great. All right. Two words that don't go together. Let's try it. Yeah. Yeah. Cause you can't, so you kind of felt like a rat in a wheel when you had that moment, that aha moment when you're doing the taxes where you go, wait, this is, this is, this is. And then about that time, the class appears at your church, huh?

Yeah. The church you attend already. Yes. All right. Very cool. Which church is this? This is Grace Community Church in Willow Street. Excellent.

Excellent. Very cool, you guys. Fun. So you go to the class, both of you willingly, it sounds like. Yeah. Yeah, you're like, okay, let's do this. We're going to figure this out. I'm not going to live like this.

Life's too short. I don't want to be a rat in a wheel. Just run, run, run, get nowhere. There's no sense of traction. Okay, so what did you get from the – when you went into the class, you thought you were going to get one thing, and you got other stuff. You know what I'm saying? Like there were some surprises in the class. What surprised you?

I honestly never heard of your name before we took financial peace. And it was just like, I don't know, the gates let loose or something. And I just went Dave Ramsey crazy. And I started watching all the YouTube shows. I started listening every day. Sucked into the rabbit hole oh yeah yeah totally and uh natalie she was along with me every day and so natalie what did this you kind of got this thing started you're like okay where'd this money go and okay here's a class let's go to class so when you went to the class what did you learn that you didn't see coming um i guess just the whole um

budget part of it not really being able to spend what we were spending so it's pretty tough just keeping with it but um it's definitely worth it in the long run yeah so when people say how did you do it how did you pay off $68,000 in 21 months? What do you guys tell them? You've got to have a budget. You've got to stick with your budget. I would say make the budget easy on yourself. I know it's really daunting that first couple of months when you do it.

You're just like, man, what am I doing? This is really tough. I can't follow this budget. If I can't even follow this budget, just start. How am I going budget just start how am i going to do it but you can do it you can definitely do it and just make it easy on yourself um those first couple months and and you'll get there yeah we always tell people whatever you think you're spending on food put extra in that category because you're spending more than you thought yeah that's for sure people used to come into class with a hundred dollars a month in their food budget i'm like i, I don't think so, Bubba.

I don't think that's going to work. Well, good for you guys. Congratulations. How does it feel? It feels amazing. Absolutely amazing. Financial peace, there's a peace to it for sure. Well, who were your biggest cheerleaders?

I think our biggest cheerleaders were definitely each other. I'd say my parents. They were pretty big cheerleaders were definitely each other. I'd say my parents. They were pretty big cheerleaders. They were all supporters. And our leaders at church, Steve and Joe. Yeah, I want to give a shout-out to Steve and Joe, our FPU coordinators at church. If it wasn't for them, we wouldn't be here. So thank you guys.

Very cool. Very cool. Well, congratulations, you guys. We're very proud of you thank you thanks for coming all the way down here to do your debt-free scream absolutely we've got a copy of chris hogan's book for you everyday millionaires that's the next chapter in your story you are on the way baby you did it i love it all right it's ross and natalie from lancaster Allison Natalie from Lancaster, Pennsylvania. $68,000 paid off in 21 months, making $90,000 to $100,000. Count it down.

Let's hear a debt-free scream. Three, two, one. We're debt-free! Love it! Love it, love it, love it! Well done, you guys. Very well done. guys very well done excellent excellent job our question today comes from blinds.com find out for yourself why blinds.com is the

number one online retailer of custom window coverings you get free samples free shipping and with the new promos they run every month, you'll save even more. Use the promo code RAMSY to get the best possible deal. Today's question is from Rachel in Texas. I'm confused on how to begin Baby Step 2. If we are behind, how do we get ahead? Meaning our monthly income will not cover all expenses. With mortgage due at the beginning of the month, it puts us behind and lacking the money we need to get through the remainder of the month. Do I skip credit card payments just to get ahead?

Okay, Rachel, before you start the baby steps at all, your budget has to balance. The baby steps is what you do with extra money you can find in your budget. You not only don't have extra money you are short each month is what you're saying you're saying your budget has more money going out than you have coming in you're not congress that has to change how are we going to change it well you have to increase your income and decrease your outgo. I see a part-time job in your all's future, or two or six. I also see you selling something with payments on it because it's killing you.

Yeah, I see you having a big garage sale and knocking out a few of your smaller credit cards with that money. I think what you've got to do is you have to get current before you start talking about the baby steps. You're not on baby step two if you're not current because you shouldn't have $1,000 in the bank if you're not current. You have to get current first. Now, are you padding to some of the categories in the budget? I don't know. Your EveryDollar app will help you with that. And here's the thing.

The EveryDollar app has all kinds of blanks in it to prompt you to not forget something that you're really going to spend. In other words, make a budget that is actually real, that you can really use. But no one but God has enough money to put something in every single blank in the EveryDollar app. And so it's not designed for you to – there's no mandatory thing. You have to put something in every blank. All you have to do is give every dollar of your income an assignment. Every dollar a name, thus the name every dollar for your every dollar budgeting app it takes about 10 minutes to set it up it's completely free to use the app and you can put it on your phone or on your desktop so that's how you do that stuff now then once you've done that

if you've base if you cover your payments and your basic necessities of life, food, clothing, transportation, car, gasoline, that kind of thing, and you're still coming up short, then you have to take on an extra job and you have to sell something that's got payments on it. Both. To get the log jam busted through. Because you've got to get on the upside to where there's more money coming in than going out in order to make progress it's not optional that's the only way you can do this you're not in congress so hope that helps you it's a good question thanks for writing it in to us for our question of the day for blinds.com well folks it is that way isn't it

we have to live on less than we make no matter what we make whether you make a lot or whether you make a very very little and you have to change some of those variables sometimes this is the Dave Ramsey Show Thank you. Sarah is with us in Richmond, Virginia. Welcome to the Dave Ramsey Show, Sarah.

Hi, Dave. Thanks for having me. Sure. What's up? My question is, my husband and I are debating the best way to purchase an income property. We are debt-free, so that's great. We have all this extra cash. Trying to figure out, do we save that to pay 100% cash for a property, or do we take out a small mortgage? And if we pay cash, should we suspend all of our current retirement investing? We are maxing out our 401Ks and our IRAs.

So if we put that on hold. So your home is paid off? Absolutely. And your household income is what? It's about $125,000. Cool. And you guys are how old? 33 this year.

Okay. Why did you pay your home off? To live the American dream. Okay. What benefit? Why would you not take out a mortgage on your home now oh we had a mortgage we paid i know if i said if i said to you go get a mortgage you would go why would you go absolutely we don't want to be a slave anymore to mortgage okay that doesn't

change when it's investment property okay it doesn't make you sophisticated to go into debt. It makes you a slave. Mm-hmm. And so I would save up and pay cash for my first rental property. Now, if you want to back down your retirement savings in order to do that, I definitely would consider that. Back it down to maybe 15% of your income again instead of maxing out everything. 15% of your income going instead of maxing out everything. 15% of your income going into retirement.

And above that, save like a crazy person and pay cash for your first rental. Here's the thing. The first one's the hardest because once you've got it done, then you have 100% cash flow on it. It has no payments. And then the second one, because you now have more money coming in due to having that investment will you'll be able to save up even faster and the third one even faster and the fourth one even faster to where now my rental properties today and i have a bunch of them will buy me another rental property fairly quickly depending on how much i want to spend what i'm

buying what i'm investing in that kind of a thing, right? But, you know, getting that first one, two, three going is the hardest part, but it snowballs in your favor because all of these rentals, rental incomes are coming in with no debt payments. All you've got is, you know, taxes, insurance, and a little bit of repairs, and it's just pure money coming at you. It's awesome. But the first one's hard. That's right. So, no, I would not tell you to borrow money.

I never tell you to borrow money. And I would not tell you to borrow money to start your real estate investing portfolio. It's a slow way to build it, but it's virtually a zero-risk way to build investment real estate, income-producing real estate when you pay cash for it. Okay, thank you so much. Good. Go for it. You can do it.

Jeff is with us in Cleveland, Ohio. Hi, Jeff. How are you? I am doing great, Dave. How are you? Better than I deserve. What's up? It's truly an honor and a pleasure to speak with you, sir.

I'm calling for a little bit of career advice. I've been listening to you for about eight years now. My best friend had put me on to you, and I've been listening ever since. So first and foremost, thanks for all that you do for people like us, both financially and personally. I really, really am grateful. Well, thank you very much. How can I help? I'm calling. I'm currently in a weird spot, and I'm kind of in between what I'd like to do next.

I'm in a role which I feel like the environment is somewhat toxic and just not good for me professionally as well as carrying over to my personal life as well. And I'm looking to kind of make a move, and part of me just wants to straight up and quit because I have the financial means, thanks to you and your ministry over the years, to kind of figure out what I'd like to do next as far as my next career move. But I'm talking to a lot of people, and I'm getting advice here and there, and I wanted to get your take on kind of what you would do if you were me or if I was your son coming to you for advice on what they would do for their career. Make sure you're running to something, not from something,

and you've not identified the target yet. When you say the target. You don't know what you didn't. You said you still haven't figured out what you want to do. Well, like my role currently, it's just the environment that I feel like that doesn't give me an opportunity to really exceed and excel in my current position. The quality of people you're around sucks, or what's the problem? That.

The quality of people I feel like is just not conducive for a good environment for me. Well, it's just not a good environment period is what it sounds like i mean people aren't you know it's a bunch of people that are doing all kinds of stuff except working right essentially that and just how do i want to put it that's just in a politically correct way on to say on the air it just doesn't feel like there's an opportunity for me to really exceed and i feel like I've taken all that I could from this role. Now, like I said, I have. But it's not the role, it's the environment. So you want to stay in the same career field.

You just need a new job, right? Exactly, yes. Okay. Well, identify the job and take it and then quit. But you don't have to quit and then go look for a job. There's no reason to do that. You don't think I should quit and then look for a job. There's no reason to do that. You don't think I should quit and then look for a job? No.

Because I'll be honest, Dave, I don't really foresee it being a pleasant environment much longer for me. It's really just taken a toll on me in a way that I've never seen it in my entire life before. How long have you worked there? Over 10 years. How long do you think it'll take you to look for a job and find a job? I honestly don't know, because it's not like I haven't been looking now. I have other means of income that I could subsidize some of it,

but it's nowhere near the amount of it that I have right now. That's not what I'm talking about. I'm talking about finding a job, not other means of income. I'm talking about what you want to do next. Go find what you want to do next, where you want to do it next. Identify that and land that. That should not take you three or four or six months. What field are you in?

I'm in the financial services industry. Okay. Well, there's tons of things you can do in that field and tons of places to do it. It's along the communications and writing aspect of things. Okay. Still, I mean, if you want, you know, you're a content provider in that world. There's tons of that out there. That industry produces more content. It's content rich.

So, you know, you should be able to, yes, go find a job and then leave. But you don't need to, you know, you're just having a bad week, a bad month, whatever. I'm not saying stay there 10 more years. But, Lord, you ought to be able to stay there six months. I feel like I've had that. You could have told you that six months ago. I just feel like. Yeah, but you haven't done anything during the last six months.

You haven't gone and gotten the job. I have been looking. Okay, you do what you want to do. I wouldn't do that. I would not quit and walk out the door until I had something lined up. Okay? Unless somebody has got an ethics problem or there's a sexual harassment thing going on, but all it is is you work with a bunch of twerps and you're done with them.

That's all it is. So, you know, for the good of your future and your family i would stay put and pull the boat up next to the dock and then then make my move but i'm gonna be i'm gonna light a fire and go find something i'm getting out of there i don't disagree with you leaving just saying you have no idea you could be unemployed for two years the way you're going at this and that is not that's not advisable not not not advisable at all so hope that helps open phones at 888-825-5225 speaking oh let me hang on i'm going to give you a copy of ken's book the proximity principle the proven strategy that will lead to the career you

love should have thought of that it's laying right here in front of me and by the way folks um i wasn't on the air friday and we got word friday that uh number one bestseller made number one bestseller list not only we knew it made the bestseller list but then we found out friday it was on the number one on wall street journal's hardcover advice so this book is a number one national bestseller by ken coleman we are so excited for him, so excited for us, so excited for you. The proximity principle, the proven strategy that will lead to the career you love. And so Ken did a great job with the book, but it's getting in proximity of the people and the places where the thing that you want to do is being done. And being unemployed is not one of those places. So

that's the way I would look at that. But hang on, we'll give you a copy of that. Appreciate your listening, Jeff, out of Cleveland, Ohio. That puts this hour of the Dave Ramsey show in the books. Our thanks to Zach and Madison filling in for James and Kelly.

Neither one of which are working today. This is the Dave Ramsey Show. Hey, it's Kelly, associate producer and phone screener for the Dave Ramsey Show. This episode is over, but if you heard about a product or service and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.