The Ramsey Show - App - Freak-Out Mode Puts You in Desperate and Stupid Mode (Hour 2)

Episode Date: May 23, 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. Thank you for joining us, America. It's a free call at 888-825-5225. That's 888-825-5225. Sandy starts off this hour in Olympia, Washington.

Hi, Sandy. Welcome to the Dave Ramsey Show. Good afternoon, Dave. I'm actually two hours west of Olympia in a little town called Ocean Shores. Cool. How can I help today? Well, I've wanted to build a detached garage on my property for a long time. The little house doesn't have a garage. And currently, the house is worth about i could probably sell it for 190 and i owe about 136 on it and in order for me to to build the garage i would need to refinance the house and and take out of the equity enough to to do this up to 2020,000 they said I could do.

So my question is, would this be a good move? I'm retired. And you don't have any money? No, except for a little bit in savings right now, not much. How old are you?, not much. Okay. How old are you? I'm 70. Okay.

And what's a little bit in savings? What's that mean? $900. You have $900 to your name. Right. And what do you live on, Social Security and what else? My teacher retirement, it's about $25,000 a year together. Plus sometimes I substitute teach.

Gotcha. So I usually make about $30,000 a year. How did you come to call me? Well, I've been listening to your show on the radio occasionally, and then I found you online, and I thought, you know, I was looking at some things to maybe give my grandchildren for graduation from your $10 sale, and I thought, you know, I'm going to ask you this question. How many grandchildren have you got? I have three graduating in June, two twins and a stepson. From high school? And I have six total grandchildren, yeah.

I'm going to send you three graduate survival guide as my gift, okay? Well, thank you. Yeah, we appreciate you being a listener. If you've listened more than just a few minutes, you know I'm No Debt Dave, don't you? Right, right. So you already know what I'm going to say, don't you? Well, perhaps.

I do not want my new 70-year-old friend with $900 to go further into debt. I'd love for you to have a garage, but i love more that you've got a very low house payment that you can manage with the income that you have coming in and you are you are a frugal common sense lady and um you got a little bit of garage fever going here and uh usually a good cold shower will fix those fevers probably yeah all right darling you hold on we're going to send you three copies of that book to say thank you for being a new listener and um no i'm not going to tell you to go further in debt the last thing you need right now is more debt. You don't have any money.

You're living carefully on the pension and Social Security that you have. You're 70 and you still have a mortgage. So I don't need you to have a bigger mortgage. That would further destabilize your life. So not worth the extra risk and stress it could put on you. I wouldn't do it. Kaylee is with us in Miami. Hi, Kaylee how are you hi dave i'm great thanks so much for taking my call sure what's up so um my husband and i have been following the baby steps um for quite some time and we um have no debt except for our home um we were pretty close, if not, to having a fully funded emergency fund. And we are going through fertility treatments now. And we've been through one round, and it pretty much depleted us, not fully, but pretty much. And so we've started to build that again, but we're faced with having to go through that again.

And so my question for you is, should we fund this round with what we have in our current emergency fund? Or I have a mutual fund that was given to me by a great uncle when I was younger, and that was purposed for my wedding when I became of age. And when we got married, we didn't use everything in that mutual fund. How much is in there? Only about $31,000. Okay, and how much are you paying for your treatments? Right now we're looking at about four grand for our treatments but that that will actually um in full for the full treatment right what we have upcoming will be probably about 10

grand okay all right um i i would cash in your mutual fund and i would fund your emergency fund fully because it's not fully funded and i would use the excess money above that to do the infertility treatment okay but um as important as these treatments are because i don't think there's anything much more fun than having kids. So I'm with you. I'm with you on having this on your journey and how important it is to you, I'm sure. Oh, yeah. As important as it is, it's not an emergency.

Okay. And we use the emergency fund for emergencies. Okay. And so even if that mutual fund was part of our retirement that we've been saving... It's not in a retirement account, though. No, no, it's a mutual fund. It's just a mutual fund. So you wouldn't have a mutual fund if you don't have an emergency fund funded, and I would use investments like that, excess money above a mutual fund, to pay for infertility treatments, which is what you're doing.

Okay. Last piece of advice. Can you imagine that I've answered questions about this subject many times over the last 30 years? The answer is yes, I have. Okay. I don't know anything about it other than I have answered a bunch of questions questions and I've asked each time what you're paying and how you're paying. And I hear in those answers a vast array of different programs, different ways to go about this in terms of, you know, you pay a larger amount and you get a very large guaranteed number of tries versus one offs that can add up quickly with some different programs out there. a lot of time researching the business model of these people and understand real clearly what my best options are to accomplish this goal because it's so emotional.

Sometimes people don't look at it, and they overpay for the processes that they're using. Matter of fact, I'll just say oftentimes they do. This is The Dave Ramsey Show. This is big news, guys. You need to stop and listen. The Fed decided not to raise interest rates. That means you've got a small window of time before rates rise again. Here's the deal.

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and more peace knowing you're saving significant money in the long run. Call 888-LOAN-200. That's 888-562-6200 or churchillmortgage.com. Well, he's here, and he has a new title. Ramsey personality Ken Coleman, we found out this morning, is a national best-selling author. Way to go, Ken! Woo-hoo! Thank you, Dave. It's an exciting time.

I love it, baby! Made two of the bestseller lists we found out this morning. Way to go, man. Well, it's a great company with all my friends on the Ramsey personality team. And it's just a privilege to do something like this and help so many people. And we're just getting started. So thank you very much. Very good times. The book, The Proximity Principle, the proven strategy that will lead to the career you love, is a national bestseller on two of the lists this morning we found out. So congratulations. Ken's out on the road doing a book tour, doing a lot of hard work, a lot of hours, and it's good to see all that hard work pay off with you hitting this list.

Congratulations again. Very, very good stuff. So you're work pay off with you hitting this list. Congratulations again. Very, very good stuff. So you're in L.A. today, right? We are. We had a great hit this morning on KTLA, Friends of Ramsey Solutions, and a wonderful time talking about burnout, how it's not a real thing, and buildup is the issue, and how to identify it and then deal with it so that you can be on fire. And doing some more radio after this call.

Then we head to the airport and fly to Sacramento, California, our last stop, Dave, as you know. And we're going to be doing a book signing tomorrow night at the Barnes & Noble Arden Way is the address there. And give it away $500. And had a great crowd in Phoenix. Expecting another big crowd tomorrow night at 6 o'clock. Yeah, Sacramento's a great market for us, and I'm sure there'll be a great turnout there at Arden Fair, Barnes & Noble, 6 o'clock. That is Friday evening, the 24th, coming up.

And tomorrow night, for most of you listening right now, and be sure you get out there and get the copy of the Proximity Principle signed. And Ken does a Q&A at all of these listening right now. And be sure you get out there and get the copy of the Proximity Principles signed. And Ken does a Q&A at all of these book signings. He does the Ken Coleman Show on SiriusXM and has a podcast as well every day. And so he kind of does the Ken Coleman Show where you can call in and ask about your career, but you're sitting right there in the book signing audience. And so we had almost 200 folks out at the Mesa signing for that. And Sacramento,

you're welcome to come out and get your questions answered with Ken, get the book signed, and must be present to win, must be 18 to win the $500 worth of prizes that we're giving away. So lots of good stuff happening at Sacramento tomorrow. And congratulations again. How does it feel? Well, I've got to tell you, after you get over the initial shock and gratitude to be on a list like that, a bestseller list, it's really rewarding because of the book itself and its clear path and hopeful message to folks who aren't where they want to be in their career. They aren't doing work that matters, which is what we say at Rangy Solutions. It's our crusade to give hope to people, obviously, in their finances and now in their career that work can actually be enjoyable and you can make really good money doing what you love. So, David, it's just really rewarding because we know that the message works and it's going to continue to help others.

Yeah, and obviously it's rewarding because you know the marketplace is responding and we've got the numbers out there of books sold in order to hit these lists. And so it's not accidental. It's because you've done such good work and you've built such a good platform. And just serving your people well, man, we're proud of you. Another Ramsey personality as a national bestseller. And, man, we're strutting around here. I'm just saying we're proud. you. Another Ramsey personality is a national bestseller. And, man, we're strutting around here. I'm just saying we're proud.

Well, thank you. I'm proud to be a part of an organization that takes helping people so seriously. And it's just a real privilege to be on the Ramsey team, to be a part of this personality brigade that's out there fighting battles on behalf of people and giving people the tools and the weapons and the hope that they can win their battles. So if you want the proven strategy that will lead to the career you love, that is the subtitle. The book is called The Proximity Principle. Get in proximity with the people and the places that are doing what it is you want to love. And be sure and tune in to KenColeman.com,

and be sure and stop by if you're in the Sacramento area tomorrow night and check him out. Of course, that book is sold anywhere wonderful books are sold. So, Ken, congratulations again. Safe travels. We'll see you when you get home, brother. Yes, sir. If you're in the Sacramento area, we'll see you tomorrow night, 6 o'clock.

Good stuff. Good stuff. Thanks for checking in with us. Well, that's fun because that completes a set. You know, Ken was around here for a long time, was an emcee, used to be the host of the video channel that some of you watch on YouTube, the Dave Ramsey Show video channel. George Campbell now does that.

But he went from being mc and doing interviews around here to finding that he had just a not only an incredible talent but a big heart for people learning and being where they want to be in their careers he's been unfolding this for we've been working on it for two three years now he's been unpacking this message, doing the research, learning, you know, and communicating. We launched this show, the Ken Coleman Show, on the SiriusXM Ramsey Network that we have, and then put it out as a podcast.

And so he becomes the, well, the last, the latest, I guess is the better way of saying it, Ramsey personality to be a national bestseller. Every single one of our Ramsey Personalities have now had national bestsellers. And Ken being the newest of the batch. So good stuff. Very, very proud of all of them. They do good work. They work hard.

They help people and put out a hopeful message and a message that is full of information. And it changes everything. Keith is with us in Indianapolis. Hi, Keith. Welcome to the Dave Ramsey Show. Thanks, Dave. I've got a real quick question. I've sort of been listening.

I might know the answer already, but we've just bought a house about a year ago and financed $150,000 for it. Bought it big enough so our grandchildren can come and visit etc etc and um yeah and um we we've got a lot of wasted space but my question is we got about a million and a half in the bank roughly so able to liquidate of course, would be taxed. But we got it at 3.1% on our loan, and we can pay it off or we don't have to pay it off, but I just wanted your professional opinion on what we should do. We're 67 years old, retired teacher and a salesman, and just wondered what to do for just, I think, peace of mind more than anything. Well, I hear you.

Well, peace of mind would be paying it off, right? Yeah. I mean. With the tax ramifications and all that. You didn't say taxes. You said peace of mind. True. And I heard you, and you meant it.

Yep. And so now you can't go back. You're going to pay some taxes we can't get away from paying taxes um me too i hate them but they're there and you're still going to have a million dollar net worth when you're done with this conversation and you're going to be 100 debt free and here's the thing you're not going to go bankrupt because of this home mortgage because you could reach over and pay it off anytime you got in trouble you got the money that's not the issue okay so some kind of big risk or big overspender or something you're not you guys have been very diligent you've worked your tails off

you've saved money uh you're in your retirement years and you're millionaires way to go you're heroes i'm proud of you very well well done. But here's the thing. The borrower is slave to the lender. And when you don't have any payments, it relaxes you in places you didn't even realize you were tight. Having a mortgage is like having a back egg. You get used to it and forget it's there. But when it's gone, you will notice. Gotcha.

Walk through the backyard without your shoes on. The grass feels different. That's what I'm talking about. So get her paid off, baby. That's what I would do. And you knew that, like you said when you called. But I'll give you my professional opinion of my opinion. I'm an expert on my opinion, and I'd be debt-free in a heartbeat if I were in your shoes. Way to go, go man you did well

everyday millionaire see that's how it's done are you going to retire with 900 in the bank and can't build a garage out back are you going to retire like him? Well, you've got to decide what you're going to do. You keep spending on crap that you don't need to impress people you don't even really like, so you retire broke? Or are you going to be like him? The guy's got some choices, doesn't he? This is the Dave Ramsey Show. Thank you. Stephanie is in Orange County.

Welcome to the Dave Ramsey Show, Stephanie. Thank you, Dave, and thank you for your time and taking my call. Sure, what's up? Just to summarize my household, it's just my husband and I. Our annual income is $91,000 and our debt is $30,000. We've been following your plan for several months now and we were able to pay down $3,000 in debt. Everything was going great until my car started shutting off on me while I'm driving it. We paid my husband's car off last month. Mine, I could probably sell it for the value I owe on it or be a little upside down on it. So I left it with my mechanic for a total of three weeks. He's been driving it around

with the code reader attached to it, and it just will not shut off on him for him to get a code. The car does not give a code. I guess the issue is too short for it to be imprinted into the memory of the computer of the car. So I just recently found out that I am pregnant. Sorry, I didn't think I would get emotional. Well, that's wonderful. I don't feel safe in my car, and I don't know what to do. Well, it's a car.

Just sell it. Whoopee. But I would have to finance another one. Well, this one's financed. For $7,000, I don't think I can find a good car for $7,000. Sure. Sure, you can find a good car for $7,000. Lots of Sure, you can find a good car for $7,000. Lots of good cars for $7,000.

Let's get you an old Honda Accord. That's what I have. Well, it's very unusual that they go bad. Get you an old Camry then. I don't care. But there's lots of reliable $7,000 cars. Okay, so you're not against me financing it for the same amount, just not going over? Well, you're not going further

in debt. Okay. If you go less in debt or equal, all you're doing is trading places, and you're getting rid of your freak out while you're pregnant. Thank you. Because you're having a pregnant freak out with your car shutting off for no apparent reason.

There's a ghost in the machine, right? Yes. That dumped the stupid thing. It's a car. Okay. Okay? Thank you so much. That was a fast call.

Thank you, darling. Appreciate you calling. Congratulations on the baby. Open phones at 888-825-5225. Folks, that's a great call right there to illustrate. Sweet lady, baby on the way. Good stuff. But how many times I have a drama queen that lives inside of me.

Do you have one that lives inside of you that goes into freak out mode? And you look back later and you go, you're just a wuss. What were you freaking out about? But at the moment, it feels like the world's coming to an end. And every time I emotionally paint myself in a corner, and I have the ability to do it today, not as much now that i'm older and uglier and all that but especially when i was younger i could i could really get into some

drama inside between my ears and convince myself that crap was going on that really wasn't going on or the things were about like 10x worse than they really were and as soon as i get desperate right after that i get stupid and right after i get stupid i get broke and when you get desperate and you paint yourself in a corner and i've done it and you know she's got a little pregnancy freak out mode going there that's okay that just means you're human doesn't mean you're a bad person i'm not picking on you i'm just saying we all have this capacity to blow things up inside of our mind to a level that they're not really. And then we just thrash around and do damage to our finances that's pretty severe. That lady could have been in that exact same situation and call me up six months from now and go well i was having a baby

and the car's breaking down and so i bought a thirty thousand dollar car and those people have called me for 30 years on this show it's like i was forced to buy a car you weren't forced to do squat you just got in stupid mode right after you got in desperate mode right after you got in drama mode and i and we all can do that i have done it i've done it and you know you get in a position you're you don't have a car and so you're like feel forced to do something so here's the thing listen to this one i had a guy the other day i was talking to and he was but you know he he was between cars he sold his car he didn't have a car and so he was like panicking it was a personal conversation it wasn't here on

the air and he was getting ready to go buy a $30,000 car on debt. I went, I'm so confused. Do you not know that you can go down and run a car and rent you a car for like $100? Go rent you a car. Instead of making a $30,000 decision, why don't you make a $100 decision and take the pressure off the situation? Drive that around for a week. Yeah, you can spend a little bit of money, but it's not something you'd want to do for the rest of your life, and it's not a good long-term decision.

But, you know, crap, Uber. Just call Uber. Lift and come get you. Calm your butt down. Do not go buy a $30,000 car because you're in freak out mode. And that's what I'm telling this guy. And it was like, you know, I never thought I could just, you know, you could Uber for like the rest of your life for 30 grand. You know, not that you want to or not that you have to or not that that's a good idea.

I'm not saying it is. But isn't it amazing how a little bit of expenditure to take the pressure off takes us out of desperation mode versus and then we don't do this big expenditure on drama based impulse. And, you know, people run by a house because like they think they're going to be homeless freak just go around the apartment man what is wrong you don't have to go have to spend five hundred thousand dollars no you don't you can but this idea that somehow you were forced to do and we do this inside of our heads. And she wasn't that bad. She was pretty good, our last caller there. She called me.

She's trying to hold on. She's trying to think through it. But, man, I do that. And you do it too. And here's the thing. You can do smart stuff for 10 years and screw up almost everything you did with a couple of bad decisions by not taking, by not thinking things through and feeling when you go into fear mode and you're doing financial stuff out of fear,

you are really getting ready to mess up most of the time. So there you go. Something to think about. Calm your butt down. That's, that's what I have to say to myself and I'll go ahead and say it to you guys too. All right, Lisa is in Vancouver. Hi, Lisa. Welcome to the Dave Ramsey Show.

Hello. Hey, what's up? So I have a simple question. Okay. Very similar to one you just had a few minutes ago, and I've never heard this question answered. We have some investments, stocks and bonds and things like that we have um two hundred and fifty forty thousand dollars left on our mortgage the question is should we sell stocks and bonds and pay the mortgage off we have how much do you have how much do you have in stocks and bonds total

uh i think it's 750 000 and then there's another million in IRA. Way to go. Great job. Well, you sure got some wonderful choices, don't you? Yeah, my husband made some very good choices before we got married. Yeah, well, good. You're sitting in, you know,

a couple million dollar net worth here. Very well done. That's wonderful. Okay, so let me ask it this way. Instead of $750,000 in, let me ask you this way instead of 750,000 in um let's pretend for a minute just pretend okay instead of 750,000 in stocks and bonds you had 500,000 but you had a paid for house would you go borrow on your house to put another 250 into stocks and bonds no then. Then pay it off today.

Because that's what you did this morning. You borrowed $250,000 this morning. And tomorrow morning, if you don't use the money and pay it off, you will have borrowed $250,000 again. And the next day, you will have borrowed $250,000 again. Every morning that you use this, you don't pay it off.

It's as if you borrowed that money. I pay it off today. In as if you borrowed that money. I pay it off today in a heartbeat. Thanks for calling. Don is with us in Phoenix, Arizona. Welcome to the Dave Ramsey Show, Don. Hey, thanks, Dave.ave hey i've got a question so um dave i'm 45 years old i'm debt free 100 i've got 250 000 in the bank good um i have one uh rental house i have uh probably 85 000 um in an IRA. So my question is, I've accomplished all my goals, and I'm kind of in a limbo state. I don't know where to go from here.

What do I do? I'd like to have $6,000 a month coming in without working so I could enjoy life, but I don't know how to get there from here. Okay. Well, I guess you'd need investments large enough that they created $6,000 in income, right? Yeah. So that would be a goal. Mm-hmm.

Okay. And so you've got $250,000 sitting in the bank? Yeah. Why? Yeah, exactly. Because I sold a business for a lot of money, so I've got that money sitting there. I want to invest it wisely, but I don't want to make any wrong decisions. Okay.

Well, I mean, nobody wants to make wrong decisions. So, wait a minute. I'm doing something wrong here. No, that'd be something. Okay, I'm going to put this in the calculator because I want to do a little bit of math here and try to. There we go. Yeah, so you need like $8 million. I can't be right.

75. 75. Yeah, you need $900,000. 75.08. Yeah, you need $900,000. Okay. So you've got $250,000, right? Yeah. And everything's paid for.

Everything. And you don't have any... Do you have any rental property or anything? I have one rental house. And what's it creating? How much is it creating? $1,000. I'm sorry? $1,000 a month. or anything? I have one rental house. And what's it creating? How much is it creating? $1,000. I'm sorry? $1,000 a month. Okay, so you need $5,000, so you need $60,000, and so you need about $600,000, $700,000, you got $200,000. I mean, all you got to do is do a little bit of math and say, gosh, if I had the money invested at 12%, for instance, let's say it was made in a mutual fund okay and just use some

rough numbers and i wanted to and i knew inflation rate was running four and so i didn't want to pull off 12 because i the money would the inflation rate would eat up my money eventually so let's let's let it grow by four every year so that it covers inflation so if i'm going to make 12 i'd want to pull off no more than eight if i'm going to make 12 i'd want to pull off no more than eight if i'm going to make 10 i'd want to pull off no more than six because we want it to grow by enough to cover for inflation did that make sense to you yeah okay and so if i'm making eight percent of my money and i need five thousand dollars a month60,000 a year, then that means you probably need about $700,000. And you've got $250,000.

So, I mean, you need another $400,000 or $500,000 to get there, and you'll be there soon. You've done great. You're on your way. Yeah, but I'm not sure where to go because I sold my business. Do I start another business? Do I buy more rentals? Do I just, you know, we're doing. What are you going to do with your life?

Exactly. Well, I mean, what's your career? What do you want to do with your career? So I've always been in the pest control industry, and I bought and sold pest controls, and I'm kind of burned out on that. Okay. What was it you liked about it? Did you like, I mean, you're burned out on what? What is it you're burned out on that. Okay. What was it you liked about it? I mean, you're burned out on what?

What is it you're burned out on? Because it's not the pest control business. It's just something about it. Just there's nothing really one thing. It's just I've done it for 20 years, and for some reason, I just find out. I love business. Business drives me. Okay, cool.

So we know that part. That's good. So it sounds like you need to get in a different kind of a business and run it. And it sounds like you're pretty good at running something, maybe even taking one that's broken and fixing it and making a little money on it when you sell it, right? Yeah. Yeah, why don't you do that some more?

You're good at it. You make a lot of money doing it. Yeah. And that part of it you enjoy. Probably aspects of the pest control world, I don't know, the regulation or the people you're dealing with or whatever that you don't like. But think about the kind of a business you'd like to run that you thoroughly enjoy. And it might be something that you thought

about for years and just never thought you'd get around to doing it and you could go do that and make money but um you know i i think what you need is some career some career decisions it sounds like uh on what you're going to do and and and a goal and a reason to do those things and the reason is you you're trying to build enough net worth that um that that you can live off six thousand dollars a month. Okay? Mm-hmm. And you got $1,000.

So that's $3,000. So you're halfway there. Do you see what I did? But I don't want to, yeah. Like, I've thought about trying the whole rental industry, you know, having rental houses. But I don't want to get rid of all my $250,000. That wouldn't be smart, right? Well, it depends on what you're going to do.

If you're going to go buy another business with some of it, no, it wouldn't be smart. Investing some of it in mutual funds would be okay, or buying some rentals would be okay if you had another source of income. But if you need, in other words, if you had a career and you were making some money to live on, you didn't need the $250,000. But in your case, I kind of think you might need $100,000 of it to go buy something and fix it up and sell it for $200,000, right? A business I'm talking about.

What did you pay for those little pest control businesses? So I paid $85,000 for one, and then I built the other one from the ground up. Okay. So what did you sell the one you paid $85,000 for one, and then I built the other one from the ground up. Okay. So what did you sell the one you paid $85,000 for? I ended up selling it for $450,000. Okay. So let's set $100,000 aside and go buy something else that feels a little bit like that in a good way, but not a bad way, meaning not the part you're burnt out on,

but the part where you love running business. Go buy your little business, and let's run it up and sell it for a couple hundred more. Let's double your money on it. You've got the ability to do that. I want to keep some of your capital freed for that. And then some of it needs to get to work in your investments because you're trying to build an investment portfolio that creates $6,000 a month. You do have a goal. You have two goals one is to find and start and start or grow or turn

around businesses that you like running that's goal number one goal number two is you need to build enough investment portfolio to create six thousand dollars and then investment for a month that's seventy two thousand dollars a year that's what you said your goal was and so sit down you know you can either do that mutual funds or real estate or some mix of the two i predict you will end up doing this the rest of your life that 6 000 won't cause you to stop doing what it is you like doing which is you like business so do i i'm a business nerd i love business if i suddenly walked away from ramsey solutions which i'm not gonna do the first thing i would do is go find something to start or buy and grow i'm constantly love looking at other people's businesses and seeing how they tick and

thinking about how i could make it better and what's i mean i sit around my buddies that are running these things and i man we just do consulting for each other all the time i'm just a business nerd i'm like you i love it it's fun i like it i think business is a high calling so go go get you some man you just you don't you've just come out of this other thing you said i don't want to do that anymore i don't know what i want to do and i don't know what i want to do is paralyze you so figure it out let's get something to do let's get get back to business because you got too many skills to be on the sideline no reason for you to be on the bench hey thanks for calling in open phones at 888-825-5225 ronaldo is in the ramsey baby steps community should i take a

twenty thousand dollar pay cut in baby step two to get out of a toxic work environment no you should get a job like the one you have without a pay cut that's not in a toxic work environment why do people always assume that you have to move down in order to move. Why don't you get a $20,000 increase in pay and get away from your toxic work environment? There's an idea. Yeah. Don't run from something, baby. Run to something.

This is the Dave Ramsey Show. This is James Childs, producer of the Dave Ramsey Show. Once again, you made the Dave Ramsey Show one of the top five most downloaded podcasts last year. To get your daily dose of motivation and inspiration, subscribe today.