The Ramsey Show - App - Generous People Are Fun to Be Around (Hour 3)

Episode Date: January 9, 2020

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show. Thank you for joining us, America. This is your show. The phone number is 888-825-5225. That's 888-825-5225. James is with us to start off this hour in Tennessee.

Hey, James, how are you? I'm just fine. How are you doing today, Dave? Better than I deserve. What's up? Well, I got a question for you. But first, I just want to say thank you for all that you do thank you um i'm new to your program um there's so much i wish i'd known

years ago um i just found out today my daughter is actually about to take your program in high school oh good she was all she was the only one that actually knew who dave was because over the last couple weeks i've been talking about your nonstop, to be honest with you. Cool. All right, my question is, is I am recently divorced. To be honest, I've been married since I was almost 20 years old. I've been married for almost 20 years.

And the whole time my wife kind of did all the bills. Basically, I went to work, I came home, and what she kind of did is what she did with the bills, which I had no idea. So now I'm trying to work, I came home, and what she kind of did is what she did with the bills, and I had no idea. So now I'm trying to do this whole budgeting thing, trying to figure it all out on my own, having a lot of trouble with that, to be honest, because I think I make enough money, but then when it all comes down to it, there's not enough. I have three children, so I have all the debt from my marriage.

I have the children, the house, everything. Now, I want to teach the kids the right way to do this. My daughter is going to know very soon before I will actually how to do it. But anyway, so what I'm wanting to know is when I'm trying to do the budget stuff, should I go ahead and sit down with my older kids and kind of show them this is our household finances, and that way they kind of have a better idea, and maybe they won't ask for stuff, but they kind of have a better idea and maybe they not that they won't ask for stuff but they kind of have a more idea what's actually happening

how old are they i don't know my oldest just turned 17 i got one that's 15 and one that's 13 yes yeah you would share anything with them the only thing you don't want to share with them is if there is a high stress situation and there's no point in stressing your kids out. But the point is, is you say, here, I'm doing a budget for the first time. I wish I'd learned it when I was your age. So one of my new jobs as your dad is to make sure you know how to do this. Here, I'm building an emergency fund for the first time.

I wish I'd known that when I was your age. So you're going to watch me do this so you know how important it is to do this. Hey, here, I'm getting out of debt. I wish I'd known this one and so on. Right. And so as you're learning the lessons and doing the lessons, you being vulnerable and sharing that with them and saying, as your dad, it is now my job. Like I taught you to brush your teeth and take a bath bath I'm also going to teach you to balance a freaking checkbook okay and so you know it's a parenting skill is what amounts to and you've got the basic parenting skills on other stuff you just have to be intentional about it so I grew up not rich and we didn't talk a lot about money we talked a lot about making money but we didn't talk about handling money much.

And then when I found out, when I started talking to rich people, I found out they talk about money, not because they're obsessed with money or because they're greedy or something, but they understand money. They're comfortable with money. They understand debt. They're uncomfortable with debt. They believe in saving and investing. And they talk about it over the dinner table.

And so guess what? Rich kids have an advantage because their parents talked about it. It's kind of like my wife grew up on the farm, and so they didn't have to really teach her the facts of life. She watched animals be born and watched animals be conceived. So you don't have to discuss the facts of life with a kid that grows up on the farm. They know how it all works, right? And so the same thing is true of a family that grows up with money and talking about money.

And so you're going to break that chain, and a little late, but as teenagers, you're going to start instituting the rich people mentality, and that is we're going to talk about money around your dinner table. And you're a good dad just for asking the question. You're going to be right on track. I'll help you with it. I want you to go through my class, Financial Peace University, and I'm also going to send you a copy of our number one best-selling book, Smart Money, Smart Kids, that I wrote with my daughter. And it's about teaching your children smart money habits and being smart kids.

And so it's all about answering your question, but in great detail. So go to the class, and then as you're doing the stuff in the class, teach the teenagers. And the Smart Money, Smart Kids book will lead any parent through how to teach their kids how to handle money. So, hey, good question, man. Thank you for joining us. Open phones at 888-825-5225.

You guys jump in. We'll talk about your life and your money. Mervin is with us in North Carolina. Hi, Mervin. How are you? Hey, David. How are you? Better than I deserve.

What's up? Hey, question are you? Better than I deserve. What's up? A question for you. I'm trying to make a decision into cashing out a 401K. I just recently got out of a divorce, and I had to cash out my wife, so I had to refinance the home in order for me to take some of the equity and pay her out. Once I did that, I ended up with a first mortgage and a HELOC. You've already done that? Yes, I've already done that. Why did you keep the house? Why didn't you just sell it? Well, two reasons. One, to try to give my boys some kind of stability during the rough time.

They live with you? Yes, they do. And so I tried to keep some kind of stability for them, so I kept them in the same school district and all that. So my question is, I have a small 401K that I have on the side. My thinking was to try to cash that out and pay on to that mortgage. No. To be able to, okay's why okay when you cash that out you're going to be hit with your tax rate plus a 10 penalty so what do you make a year uh roughly about 48 okay so you're in 20 tax bracket plus a 10 penalty will be 30

it's kind of like saying dave i want to borrow money at 30% interest to pay down my mortgage. Right. It doesn't make sense, does it? No, it does not. Yeah. So let's just leave that alone. Get it invested in good mutual funds.

And how much is the first mortgage payment? The first mortgage payment plus the HELOC is roughly about $1,000. That's given tax. What is your take-home pay? First mortgage. A month. $2,900. So you have 34% of your household income going into your house payment.

Yeah, roughly. And the last time I calculated, it was about 28%, 28%. Of your take-home pay I'm talking about. Yeah, yeah. And your take-home pay is $3,000. You have a $1,000 payment. That's 33%. Well, I'm paying a little extra on both, the mortgage and the heat lock.

I thought you said it was a $1,000 payment. Is it a $1,000 payment or not? No, it's not. It's $568 on the first and about 340, 360 on the He-Balk. Okay. I would not pay extra on it until you achieve some of your other baby steps that we talk about here. Make sure you're out of debt, everything but the house. Make sure you have an emergency fund of three to six months of expenses. Then and only then would I pay extra on it.

Yeah. Then you dig out of this house mortgage after that. But no, we don't cash out 401ks unless it's to avoid a foreclosure or a bankruptcy because the penalties and the taxes are so high. And that's the reason. Thanks for the call. This is The Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options? Do you wish you could find an affordable, biblical solution to your health care costs? Based on New Testament principles, Christian Health Care Ministries, or CHM,

helps Christian families, churches, and ministries join together as the body of Christ to share their major health care costs. Christian Health Care Ministries is the original health cost-sharing ministry. A Better Business Bureau-accredited organization, CHM members share to pay each other's medical bills. It's not insurance. It's Christians financially and spiritually supporting each other. It's what Christian Healthcare Ministries has done for over 35 years, and our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. thank you for joining us america do you know that 85 percent of married couples started their

marriages out in debt and the number one cause of divorce in north america today money fights and money problems is the number one issue that people fight about, money. But couples in healthy marriages are more likely to talk about their money, their dreams, and make long-term goals together. For 25 years, Financial Peace University has taught nearly 6 million people how to get out of debt, how to invest, how to be generous, and how to build wealth. If you're ready to win with money in 2020 together, talking about finances doesn't have to be hard or end in arguments. You can improve your money conversations and your marriage.

To learn more about Financial Peace University, go to DaveRamsey.com or call us at 888-22-PEACE. That's 888-227-3223 or DaveRamsey.com. Marlene is with us in California. Hey, Marlene, how are you? Hi, Dave. Thank you for taking my call. Sure, what's up? So I'm going currently through a contentious divorce and I moved out of my house. I'm

currently living, my dad is in a home so I'm currently living, he's in this home so I'm currently living in his home. I'm driving his car and And my ex, or soon-to-be ex, is doing everything to try to not cooperate with our divorce. So my problem is my dad's house is kind of in the middle of the desert, about like 30 miles removed from, you know, it's kind of out in the sticks area. So I'm just trying, I feel just kind of like my hands are tied in my situation, and I'm trying to move forward. I don't want to be living in my dad's house. I want to move out and, you know, kind of start my own life. How long have you been there?

I've been here about five months. So what's your attorney saying? Well, as soon as he can get it, he keeps trying to have me work with my ex try to come up with a with a you know amicable agreement it's not working it's not working or as soon as the court date is in may um why and because that's as soon as he can get us in to get a to see the judge and so meanwhile i'm paying the bills. Do you not need a new attorney? Sounds like you're getting your butt kicked. Yeah.

He's supposed to be one of the better attorneys. I've already paid him. How has one of the better attorneys got you living in your dad's house in the desert, you paying all the bills, and can't get a court date for five months to fix this crap? Yeah, now that you say that, that doesn't sound feasible. Yeah. So me and my attorney are about to have a discussion with my foot up his butt. Okay, I got that.

Yeah, because the problem is this needs to move. You're stuck, and the reason you're stuck is your guy's not doing his job. Okay, okay. Yeah, something's got to move here, and it's going to have to be, you know, because you're just a victim right now. You're sitting here getting crapped on by everybody in this story that i've heard so far right right yeah what do you make a year um i'm retired um i get uh 6200 a month what does your uh current thousand dollars a year yes okay and so what bills are there what kind of debt is outstanding there's no debt outstanding we have a mortgage and then uh uh so right now

because we're trying to negotiate that um either we would end up selling our house. Tell your attorney to file a motion to sell the house before the court in the morning. Okay. That'll shake everybody up. All right. Somebody needs to get shocked here. We need to shock the monkey, don't we? Yes, we do.

So what bills are you paying? You said you're paying all the bills. You're paying the mortgage? Yes. Yes. Why are you paying the mortgage? Because he doesn't make really enough money to cover everything. But he's living there.

Yeah, but I don't want the house to go into foreclosure because it's got a lot of equity in it. Yeah, it's not going to get foreclosed in California for quite a while. Okay. So, yeah, I might just notify the court that I'm not paying the bills anymore because I pay – how long have you been paying them? Five months? Yeah. Yeah.

And your house house payments how much it's it's low it's it's a little over 700 okay all right so you've paid out three thousand five hundred dollars uh well meanwhile he lives there for free and he he took your car well it was a car we had together i just just, yeah, yeah. You had one car? I was driving my dad's. Yeah, we had one car. I'm just driving my father's car. Yeah, and he got the car? Correct.

Why did he get the car? Why didn't you get the car? I just left a contentious situation, so I just left with what I... Okay, is there any debt other than the house? No, sir. So if the house is sold, this contentious divorce is over, isn't it? Yes. Other than I would have to pay a portion of my pension to him.

Yeah. Yeah. I'm sure. Okay. Yeah, I'll just file a motion for the judge to cause the house to be sold, and let's make this guy homeless. I think he'll get a little bit more easy to work with then. Okay.

Put him in the street. Then I can go forward. Yeah, here's the problem, okay? Here's what happens in these situations. We've worked in divorce cases for years, and people get all tangled up, and rightfully so, in the emotions of their marriage ending. But as a friend of mine who does divorce recovery told me one time here on the air,

he said, going through a divorce changes a marriage into a business transaction. And what we have right now is a partner who is putting nothing into this partnership and is getting all the benefits. There's another partner who is paying all of the bills and getting nothing, none of the benefits. That one would be you. This is not equitable. This is not reasonable.

Okay. And you know that. So I don't think we need a court date on the divorce. This is not reasonable. Okay. And you know that. So I don't think we need a court date on the divorce. I think we need a court date on a motion to put the house on the market and for him to be asked to move so that the house can be sold. I think you can file that motion tomorrow. I think your attorney, it's a two-page motion. It's really not rocket science to do it, even in California.

Okay. Not an attorney, but believe me, I've walked this for a time or two, like a bunch, too many times. And you just have to get really, really strong. This is a negotiation and we're not playing patty cake with somebody we're trying to make up with. This guy is contentious. He's problematic and he needs to go away. This needs to end. I'm sorry. I'm sorry you're going through this, but I'm just trying to give you some encouragement on the toughness side to cause it to end so that your pain ends with this.

This is the Dave Ramsey Show. Thank you for joining us, America. We are glad you are here. Rico on Facebook, how do I pay off debt if I'm already living paycheck to paycheck? Well, Rico, you can't. If every single dollar that's coming in already is going out, you have a problem. It's what's called a mathematical log jam. Now, how do we break up a log jam? We blow up something. Something's got to be sold, and you've got to earn some extra money,

and something else has to be sold, and you've got to earn some more money. So you need at least two more jobs. You need to double or triple the hours you are working a week. You need to sell so much stuff the kids think they're next, and it's probably a car you probably have a big butt car payment that needs to go away with that big butt car that you bought that you can't afford i'm guessing but i've done this a while this is the day ramsey show Thank you. We'll be right back. in the lobby of ramsey solutions chris and barbara are with us how are you guys great welcome right here on the debt-free stage where you guys live greenwood indiana cool good to have you and what's that near that's uh near indianapolis okay so in the area cool welcome to nashville and all the way here to do a debt-free scream.

Yes, sir. And how much have you guys paid off? Well, let me get my notes here. $279,000. Wow. How long did that take? That took us seven years and ten months. Seven years and ten months.

That includes the house. I'm guessing. Yes. I'm looking at weird people. Way to go, you guys. What was your range of income during those seven years? We started with $120,000, went down to $90,000, and then back up at $100,000. Okay. What do y'all do for a living? I'm an engineer. I'm currently a home educator and domestic engineer. I love it. Good for you.

That's fun. That's the change in income because you could afford to do that. Right. Yeah. So how much of the $279,000 was your mortgage? $246,000. $246,000. So you did the proper things.

You did the baby step two a long time ago, five, six years ago, knocked out all your debt except your house, put your emergency fund in place, and then it took you another six years or five years to pay off your house. Yeah. Way to go. You're a little ahead of average. The normal person in our database says it takes about seven years. And so it took you seven years start to finish.

But usually after you finish up baby step two and you start to work on the house, it takes about seven. So you guys come in about two years ahead. to go man thank you how old are you two 35 35 and you have paid for house how weird are you how's that feel it's liberating yeah liberating yeah yeah my favorite uh question that i get asked is what do you do with your mortgage payment now and i like to answer, whatever I want. Well, I mean, you're making $100,000, and you got an out-of-payment in the world. It won't take you long to become wealthy. It's very cool.

So what's this house worth? We had it appraised when we had it refinanced at 15 years, so it's $310,000. Okay. All right. Very good. Very good. Very good. Well, fun. Fun.

What got you going on all this seven years and 10 months ago? Well, we had our good friends, the Gerkins. They had an envelope system. We're like, what's that? And so they told us about FPU. That was 2012 era. So we went to the class. I think it took just the first class to get hooked right you know um went home uh looked at a a budget we never did a budget before so we didn't think we

were bad right so we had our cash back credit cards we had zero percent loans like lows and from furniture and whatnot and uh yeah we went to restaurants quite a bit when we looked at our budget and saw where the money was going wow yeah we did our first budget and it was very eye-opening because i always pride myself as a money hoarder and so i realized that we were actually um had negative uh income for that month. We had spent $3,000 more than we were making. Whoa. Yeah. Yeah. So the next month we got very rigid and we decided to just live off of the income we had for the month of February and also pay off the $3,000 negative. Oh, you went hardcore. We did. It was a hard turn. Yeah. go big. Yeah. Okay. And you survived that?

Yes. Yeah, and that was rough. I mean, that month there was nothing to eat. Right, pretty much. Yeah, you're squeezing out every bean and every rice or every grain of rice. Yeah. We'd never done budgets before, so it really did take us three months to get used to even doing the budget. Yeah, it does.

That first turn was hard. It usually does, and we didn't have every dollar back then that's right so i made my spreadsheet yeah that came on uh later on so a lot of spreadsheets in those days yeah yeah oh we still do spreadsheets days you can't we are both i'm a you're dead free you can do whatever you want to do yeah we're both nerds so we like the spreadsheets yeah that's very cool, you guys. Very cool. So who were your biggest cheerleaders? Ourselves, for sure.

We kept cheering each other on. Recently, we led a book study, a total money makeover book, and we used some FPU material to kind of interweave it in. At our church, Foundation Life Bible Church. Yeah, so that study group kind of helped us keep going yeah that last that last run huh yeah yeah it's a long battle yeah very good very good so when people find out that you're 35 years old you have a paid for house you have no debt and they say how did you do that what do you tell them the keys to getting out of debt are? For us, it is a written budget.

If you don't write it down, it didn't happen, and your budget tells your money where to go. I mean, like I mentioned, we thought we were spending okay until we wrote it down and saw where it was going, and then we told it to do something different and it went somewhere different, you know, and then we can actually start saving money and getting out of debt rather than just going further into debt, creeping into debt actually. Yeah. Yeah. Yeah. And then going from one dual income to one income required us to be even more stringent

and follow the budget. So we adhered to it even more when I became a stay-at-home parent or a domestic engineer. I love it. Very good. It became part of our life now. Yeah, it's part of the rhythm of what you do. And it's the reason you've gotten to where you are, and it's the reason you'll be everyday millionaires in 20 minutes.

And it allows us to have conversations about, you know, what do you want? Because we don't get what we want right then and there if it's like a huge purchase. Right. So we budget for it and we talk about it. And, you know, if I want a new car, I'm going to have to budget for it. And if I want a new car that's really big, you know, we're going to have to take it out of somewhere else. Yeah. You know, have a good conversation about it like we just recently did.

Or wait a long time. One of the two. Yeah, that's exactly right. That's right. Yeah. It gives you a point of reference, a baseline to pull up to plumb line everything else off of yeah yeah absolutely necessary well very well done you guys very proud of you now you got the kiddos with you yes so what are their names and ages reicher he's six uh-huh this is

anna lean she is 19 months all right and this is davin he is three almost four all right so all of these guys came on board during this time yes obviously and they live in a paid for house you've changed your family tree yes we have yeah well done very very well done we're proud of you got a copy of chris hogan's book for you, Everyday Millionaires. That is the next chapter in your story for sure. So Chris and Barbara, Riker, Davin, and Annalene. Is it Annalene? Yeah, Annalene. I said that right?

Okay. From Indianapolis, $279,000 paid off, house and everything, seven years and ten months, making $120,000 to $90,000 to $100,000. Count it down. Let's hear a debt-free scream you guys ready three two one we're debt-free fabulous uh reicher is into it to say the least well done you guys that's absolutely fun well that's exactly what happens that's the sound you heard did you hear the sound

seven years ago they started to process their 35 years old when they were 28 they started where are you most people can't think seven minutes out. Most of you can't go seven minutes without checking your phone three times but you have no idea where your money's going. One definition of maturity is learning to delay pleasure.

The ability to increase your attention span. The ability to look further into the future and see where short term sacrifices will take you the ability to delay pleasure no discipline seems pleasant at the time but it yields a harvest of righteousness

the Bible says what are you going to do what a great story The Bible says. What are you going to do? What a great story. Seven years of spreadsheets. But they're 35 and their $300,000 home in Indianapolis is paid for. What are you going to do? What are you going to do? What are you going to do?

I'm talking to you. When are you going to do it? This is the Dave Ramsey Show. Thank you. our scripture today luke 638 give and it will be given to you good measure pressed down shaken together running over will be put into your lap for with the measure you use it will be measured back to you. Simon Sinek said, When we help ourselves, we find moments of happiness. When we help others, we find lasting fulfillment. Outrageous generosity 100% of the time, works. 100% of the time, we find people who are outrageously generous are happier.

100% of the time, we find people that are outrageously generous that have a sense of calmness and peace and gratitude. They're highly attractive people. Not because you want something from them, but because outrageously generous people, generosity at that level is not an action. It is a character quality. It is an attribute of their personality. They're just fun to be around.

Have you ever been around someone who can't even be generous in conversation? All they talk about is themselves. You ever be around, you know, people are either takers or they're givers? You ever been around somebody that by the time you finished having lunch with them, you wanted to take a shower. That's not a generous person. Outrageously generous people are by definition selfless, not selfish. And here's the neat thing. That's a decision. It's like integrity. You can just decide. I have integrity now. You can't fix the past, but you can just decide. Today. Today. January 2020 was the month I became outrageously generous.

I just decided. Isn't that interesting? It's not like you buy a can of generosity and put it in your pocket, and now you're generous. You just decide. And you have complete power over the decision. Isn't that interesting? Well, I can't be generous.

Oh, yeah, you can. You can just decide. You can just decide. You can just decide. I'm going to open a door for someone else. I'm going to notice other human beings around the planet that maybe the axis of the world does not run through the top of my pointy little head. You can just decide. That's so cool. What if I told you that one thing, one single monthly new habit will cause you to start crushing your financial goals? If I told you one thing was correlated with everyone that wins with money, you'd want to know what that was, right?

Well, you already know what the one thing is, right? You know it's budgeting. Because a budget makes you the boss of your money. When you don't budget, your money is the boss of you. You're disorganized, out of control, fearful, have no freaking idea what's going on, and trying to out-earn your stupidity. I've done it all.

I know what it feels like. When a budget is simply you're writing down what you're going to do with your money on purpose. You get to choose. And when you start budgeting every month, when you start telling your money what to do with your money on purpose. You get to choose. And when you start budgeting every month, when you start telling your money what to do instead of wondering where it went, you will crush your goals. You need to give every dollar a name. That's how we named the world's best budgeting app. It's called EveryDollar. EveryDollar.com. You can download the app for your phone or your laptop completely free.

No excuses. Takes 10 minutes to set your budget up. This is freaking January. It's free. 7 million people are using this app. Go get EveryDollar. Put in place the one new habit that is always correlated with people that win with money. Budgeting.

Everydollar.com. Carol is in Nevada. Hi, Carol. Welcome to the Dave Ramsey Show. Thank you. It's an honor to speak with you. You too. I'll try to make this very sweet and short.

Okay. I'm 58 years old, no children, no dependents. Married 25 years, three years ago. My husband, while I was out of town, decided he didn't want to be married anymore and walked out. Three years ago? Three years ago. So we're legally separated right now. But I guess he was feeling pretty guilty because he gave me the cash value of $700,000. The home, which is $950,000, is mine.

No mortgage on it. I have three accounts. I don't even know what PurePoint is, but I opened up three accounts in there, so I got 297 in one, which gets 2.8%. You put $300,000 in something that you don't know what it is. Tell me that's not right. It's a CD, and I did it for a year. I should have done it for three years,

but I was so confused after he walked out and I was all alone. I just put it in two CDs, and I put it in a savings in PurePoint. When will the divorce be final? Right now, we're not looking at it. This money is not yours then? No, it is mine. No, it is not yours. The papers have all been signed.

The papers for what have been signed? For the legal separation. I got the house, the deeds, mine. I got my money in PurePoint. He kept his 401K and his stocks and a smaller home. Why would you stay married? Excuse me? Why would you stay married?

For the insurance. I guess he feels guilty because I'm still on his insurance. Oh, that's ridiculous. I don't have to buy it. You have $2 million in assets. You don't need to stay married to a guy that doesn't want to be married to you to get his insurance. Right, and he also gives me a stipend of $1,000 a month. He can do that without you being married.

It's called alimony. It's in the papers that I don't receive alimony well he could give you a thousand dollars a month if he wants to give you a thousand dollars a month he can do that you're not required to be married to do that this is weird carol yes but we we went to the lawyers it's all signed it's not you're not divorced he's been gone. It's not. You're not divorced. He's been gone three years. It's weird. We're not divorced. We're not divorced.

We're legally separated. For three years. Three years, yeah. Yeah. Painter, get off the ladder. How are you having a future like this in limbo? You're just going to be legally separated until you're 80 and you die? No, if one of us decides we want to get married, that's when we do it,

then I'll have to get my own insurance. That's just weird. I think he just feels really guilty. I don't give a crap if he feels guilty or not. It's just weird. It is weird. Yeah. It is weird.

Yeah, you guys need to wrap this up, kiddo. Okay, so what's your question? How can I help? So if I've got $800,000 in liquid cash, I don't know anything about stocks or anything. I don't know where to put this money. Should I leave it in these CDs? My Lord, no. You're getting 1%, 2%.

Okay. And, you know, if you get 1% or 2% and you should have been in mutual funds, you're getting 10% or 12%. So you're losing 10%, so you're losing $80,000 a year. Right. So you need to start learning some things

about mutual funds, and I'll help you do that, okay? I'm not in the investing business, but I have folks that we recommend. They're called SmartVestor Pros. Click SmartVestor at DaveRamsey.com. It'll drop down a list of the SmartVestor Pros in your area. Sit down with them.

One of the things you have to do in order to be qualified to be one of the people we recommend is you have to have the heart of a teacher, not the heart of a salesman, meaning they are going to take their time and help you understand what you are investing in. And you, you know, you need to have this money put in either some real estate that you pay cash for that creates some income and or some good mutual funds so that you can create some income long term. And, honey, I'm picking on you earlier, but you've got to hear me loud and clear. This is not emotionally good for you and spiritually good for you to be halfway into a marriage. I don't love divorce, but you're already emotionally and spiritually divorced.

You need to make it legal. You need to go ahead and do it. And when you've got $2 million in assets, you don't need his dadgum insurance. Wrap this up, please, for the sake of your mental health. That puts this hour of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember,

there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, guys, it's Blake Thompson, senior executive producer for The Dave Ramsey Show. This hour's over, but you can find more great content on our YouTube channel. Catch the most-watched Dave Rants, debt-free streams, and the very popular Everyday Millionaire segment. Go to the Dave Rantz Show YouTube channel and click subscribe.