The Ramsey Show - App - George Kamel Does His Debt-Free Scream! (Hour 3)

Episode Date: January 12, 2022

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Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host, George Campbell. Ramsey Personality is my co-host today. Open phones at 888-825-5225. You jump in, we'll talk about your life, your money, your work, your relationships. It's what we do here at Ramsey Solutions. Thanks for joining us.

Chris is with us to start off this hour in New York City. Hi, Chris. Welcome to the Ramsey Show. Hey, Dave. How you doing? Great, man. What's up? I got a great scenario for you. Well, I'm a full-time single father. I work full-time as a truck driver.

My schedule is very tight, With my daughter's mother, we split custody. I have residential. I work about a 40 to 50-hour work week. And to get those extra 10 hours to have her help out and watch our daughter so I get a little bit of overtime is near impossible most days. I want to buy a house. I live in a one-bedroom apartment right now with me and my daughter. She's two. Her bed is next to mine, and I want to give her a better life. I've been listening to you for a while.

I have an emergency fund. I started a mutual fund, a Roth IRA. I have a pension through my job, a great union job. But I want to leave New York because I don't think New York is a great place to raise my child. But I don't want to rip her away from her mom, but I don't know what to do. I thought I'd call and get advice.

So how many hours a week do you have the two-year-old? Pretty much whenever I'm not at work, which is I get off work at 5. I pick her up at 5.30. And your ex-wife has the baby during the day? Yes. She works the night I work during the day. Like I said, I have a great union job, but I don't see myself living comfortably in New York.

As you, you know, I'm sure you're well aware this place is turning into a communist regime, and I don't see much future outside of this company, you know, in this company, you know, trying to, like, buy a house, I think it's a struggle. What are the parameters for how far you could live? I'm sorry, what was that? What are the parameters for how far away you could live? She's, as in leaving, like, the state, right? Well, if you were, let's say you were in New Jersey or you were on one of the islands there.

What's the ramifications of that as far as transportation and getting your daughter to her mom? Well, we both live in Suffolk County, further east in Long Island. She lives about 20 minutes away from me. Her mom has no license, no car. I'm driving back and forth every day to drop her off and pick her up. Trying to make the best out of a bad situation, you know? Yeah. Well, I mean, you're in a tough spot.

I don't know that buying a house is going to happen in the next few years for you, but it's definitely attainable in the long term. Do you have any money saved up right now? I have an emergency fund. I have about $12,000, $11,000 in the bank about. Okay. The only way I would be able to buy a house, and I know you're probably going to be 100% against this, is going through like that. New York has a 2% rule or 3% rule where you can put like 3% down and go through like all these programs. My

company offers, I think, to help pay like $25,000 off the price of the house. But there's stipulations with it. Yeah, there's all these strings attached. Nothing's free. Yeah, I don't like that part. but there's stipulations with it yeah there's all these you know there's all these strings attached nothing's free yeah i don't like that part yeah that's the only way i'd be able to

buy something and that's the only way you'd be able to buy something today yeah yeah so okay there's a couple of decisions you've got to make you're gonna have to line these things up you've got a series of things that are all good things but some of them are not as high on the list of good as others okay good thing okay good thing you're able to share parenting with your ex and uh that's good for the child it's good for your all schedules uh That's a good thing. Good thing, you're in your baby's life, and you're there all the time. Big time good thing, right? Good thing, you've got a good job that you don't dislike.

Bad thing, you don't like the political climate. Bad thing, the schedule you keep is wicked hard. Bad thing. Property's expensive in your area. You following me here? And sometimes if I just write those things out the way that I just laid them out there, I start going, okay, what is the most important thing? And I may not be able able to get is some of those bad things so bad that i've got to give up a good thing uh an example would be you decide i'm not suggesting

that this is true i'm saying an example would be metaphorically that you decide that the political climate there is just absolutely untenable i don't want to live here and i don't want to have my child here then even if that means changing jobs even if that means being away from the child's mom, you're out of there. If that's the bad, that's the top thing on the list. But if that thing has to be tolerated in order to get some of the other good things and it's further down the list, then you can do it. So when you kind of make this list and you go okay what is the most important thing on this list

bad or good that's going to force me to make this decision because you're going to eat something here you got too many things going on that are hard and something here is just going to be hard meaning you're going to move away and that's going to be hard or you're going to stay and that's going to be hard for a different reason so uh what you're going to have away and that's going to be hard or you're going to stay and that's going to be hard for a different reason so uh what you're going to have to do is prioritize your decision making out like that and then once you decide like for instance if you decide okay i'm going to put up with this crap and i'm going to roll my eyes and we're staying because it's so important that i'm near the x for the sake of the baby let's just say that that's your number one thing.

Then that means you're going to put up with the political crap. And that means you're going to put up with this wicked, weird schedule. And that means now, in that environment, I start saving for a house, and it takes me three years, four years. I don't care. But we've got a plan now, given the constraints. But otherwise, the constraints all just feel like chaos, and it steals the hope from the future.

Yeah, he needs a five-year plan here, and she's going to grow up. She's going to go to school. The situation's going to change. Your income's going to go up. So have a long-term mindset, and know that this isn't forever. Yeah, I was wishing you were going to tell me the kid was 17. That would have been nice. So there'd be a little more light at the end of the tunnel.

But this is an 18-year or a 16-year proposition we're looking at here. This is the Ramsey Show. You've got a lot on your plate, a job, your home, your marriage, and your growing family. While you're enjoying the present, you can't help but think about your future and your finances. As you explore your options, consider Christian Healthcare Ministries or CHM for your health care. Their generous maternity program and budget-friendly monthly programs have been a blessing to members welcoming children into their families. Visit chministries.org slash budget to see if it's right for you. Christian Healthcare Ministries is a Ramsey trusted provider. Well, it's book launch week for the book Baby Steps Millionaires.

It is on the street, and it is in the wild, and it is selling like crazy. Thank you, guys. We appreciate your support. How ordinary people built extraordinary wealth, and how you can, too, to complement the book launch and to continue the message that it is possible to be financially successful in america today don't let those hope stealers out there knock you out don't believe what they've got to say they're wrong some of them intend to be wrong and lie some of them are just ignorant but they're wrong don't let the hope stealer steal your hope it can be done we're going to prove that to you without you being desperate and greedy and out of control with

crazy crazy investing we're going to talk about building wealth 2022 tomorrow night thursday night at 7 p.m central time george camel to my right rachel cru, and I are going to discuss how to build wealth in this climate, in this current year, what's working, what's not, what's shiny, what glitters, what has a confetti cannon, what's boring and works every time. We're going to cover every bit of it. The event is completely sold out, 1,500, 1,600 tickets in rooms sold out in just minutes, days, whatever, very, very quickly. And we currently are over 120,000 people signed up for the live stream. Is that a record? No, it's getting close, though. Wow.

Getting close. Reset last year was about that size that we did. But, yeah, we'd love to have you. You can watch it on the live stream free. All you've got to do is go to ramsey solutions.com slash wealth and you can register for the free live stream did i mention it's free it's going to take a couple of hours on uh uh whatever day that is thursday night the 13th tomorrow night i hope i can still talk about it launch a book this week i hope i can still talk about did you launch a book this week i hope i can still talk by then my eyes are crossing but yeah check it out don't miss it ramsey solutions.com slash wealth we're glad you're here beth is with us in houston texas hey beth welcome to the ramsey show

hi dave hey what's up hey hey i have a wonderfully awesome problem. Okay, I like this. Yeah, yeah. Okay, so just a little foundation. Our house is paid off. We have saved for retirement. We have savings to get to for an emergency. We have no debt, and we have three kids that we have 529s for.

The oldest one is 21. The second one is 20 years old, and then the baby is 18 years old. So I have two in college and one that's a senior. And the two in college, we have managed to cash flow all their college education so far because they had wonderful scholarships, and we knew that they were probably going to go on to secondary graduate school. The oldest one just got accepted to dental school, so in the fall she'll be doing that. Dang, you guys are killing it, girl. Wow. Yeah, we planned ahead.

You got it going on. Yeah. So now what's happened, though, my wonderful problem is my in-laws gave the kids money for them. But they gave them $10,000 each. And our kids, being responsible, you know, they are going to listen to us for what we say we should do with this money. And, of course, we want to save it for their education. So more so. I thought education was covered well what we have saved probably won't

get the oldest two through like that's not going to get them through dental school the oldest one wants to go to dental school she's been accepted the second one wants to go to medical school she's got a 4-0 in college so i bet she will be able to go yeah and so that we have about 66 000 in 529 per kid yeah and that's not going to get them through four years of dental and medical school yeah just drop it in the fort drop it in the 529 it's only 10 grand you think yeah you think just dump it all in all at once stagger it in or should we just drop it in there drop it in there you're going to be using it shortly it's not going to be in there that long well that's why i thought should instead of putting it in there and then pulling it right out should that first semester for that oldest child just write it

out the checking account it's fine if you want to do that it's nothing no problem either way it is whatever growth it gets if it's however long it's in there it's going to be tax-free if you drop it in the 529 that's the only only benefit. But it's not going to grow that much. If it doubled, it'd only be $10,000. Yeah. So it's not, you know, if you just use it for that first semester, that's fine too. But, yeah, definitely lay it on the education label without a doubt because you've got a lot of education bills still coming.

And so if you want to run it through the 529 and let it sit there a little while, use some of the 529 money that's been in there a while, that's fine. But it's six and one half dozen and the other. It's still going to work out about the same. There's not a long timeline here, so it's not like it's going to have 10 years to grow. So like Dave's saying, I'd be making a plan to try to cash flow dental school, medical school, all of that, considering you guys are debt free. You've got some sharp kids that aren't afraid to work aren't afraid to get scholarships so it can be done and i can't wait to hear you call us back and say we sent all three kids debt-free medical school dental school it can be done wow that'll be cool that's a bill right

there yeah we're biting it off here man this is big this is big but yeah that i think you may just go ahead and use it just dump it in the checking account like you said. Use this $10,000 for the next check that comes up and then just keep rocking. But George is right. Pan back and let's get together a full plan. Y'all have done such a great job, Beth, getting to this point. I would hate to look up and each one of them have $400,000 in medical school and dental school debt at the end of the story after you got this far and did a great job. So be very aware that all medical schools are not equal in quality nor in cost,

and they're not necessarily correlated. Same thing with dental schools. And honestly, some of the dental schools are absolutely insane. You should never go there based on what they cost. I just thought of the Bard Future documentary with our buddy who took out a million dollars. Had a million dollars in debt. And he's an orthodontist. Orthodontist.

That's the thing, man. So, wow, wow, wow. Open phones at 888-825-5225. Kylie is with us in Houston, Texas. Hey, Kylie, how are you? I'm good. Hi, Dave. Nice to talk to you.

You too. What's up? So my husband and I are under contract for a house that we close on in two weeks, and he got a job offer in Colorado that we are really considering taking, but we're under contract, and we don't know if we should just walk away from the house and lose the money we put into it so far, which isn't that much, or if we should, because we won't be moving out there until the summer anyway.

So I don't know if we should stay and then try and resell the house, because that's what a lot of people are telling us to do with the market. But it seems like a lot of work to me and like a risk. I'm just not sure what to do. It's a lot of work and it's a risk, but you've given your word. What do you mean? I mean, you promised these people on paper you were going to buy their house. Okay.

Well, a realtor said we could walk away from it. I don't give a crap what your realtor said. Okay. Well, that's fine. I mean, you do what you want to do, but if I told these people I was going to buy their house, I'd buy their house. I want the house. I mean, well, you're not staying there. You're not staying there if you're going to Colorado. But my point is that you have a moral obligation to honor a contract that you signed giving your word to buy a house.

It's not those poor people's fault that you took a job afterwards. So you need to consider whether you take that job as a part of that situation. But I think you should close on the house because you said you would. Now, then can you resell it and make money? I sure hope so if you're going to colorado and i would actually put that in as a stipulation as a part of taking the job with a new employer that they buy your house that you just bought yeah if you can't sell it for a profit within x period of time or maybe you're not supposed to take this job but i can

tell you this you're not going to call this show and me tell you to break your word. I'm curious about the decision-making process. If there was a job offer, some interviews happening here while the new house is happening. The house has been under contract for a long time. It closes in two weeks. Yeah. And then the job offer came out of nowhere. Some dude on LinkedIn called him, and he just got the hot foot. And so, no, I mean, you gave your word.

You need to keep your word. That was old-fashioned. Doob? Look at that. Old-fashioned. Wow. Grandpa said you shook your hand and you meant it. I just like the word doob.

I think we need to bring that back. Yeah. Well, LinkedIn doob in particular. This is The Ramsey personality is my co-host today in the lobby of Ramsey Solutions is George's wife on the debt-free stage. George, you're supposed to be out there. Oh, all right then. You need to get moving. All right, I'll get on the other side, Dave.

Give me a moment. All right, I'm going to fill for George while he makes it out to the debt-free stage. He's torn between being a co-host and a husband. So we'll get him trotting out there and uh yeah pretty good hustle there george that's good all right so george and whitney are with us on the debt-free stage and uh somewhere around seven or eight hundred ramsey solutions people george you're costing me about fifteen thousand dollars a minute here i knew you were doing the math i don't even know half these people they're just here to not work hey you shouldn't say that about people celebrating for you oh all joking and cutting up aside george

and whitney are here to do their debt free scream the first ramsey personality to ever do a debt free scream and uh this one's really special how much did you guys pay off we paid off a little over 165 000 165 000 and how long did that take about 26 months 26 months and oh by the way what kind of debt was that it was the house house and everything i'm looking at weird people we are weird and i mean that so literally you guys are incredible congratulations well we have a rule with team members obviously we're not going to ask your income since both of you work here that would be highly irregular and uncomfortable but But pretty cool stuff, George. During the time you guys have been getting married, meeting each other, buying a house, you've both been working here,

getting the debts paid off, and then buying a house and turn around knocking it out. Tell the story. Yeah, so we met here, you know, back in 2015 when Whitney started. And in 2018, we got married, and we started off our marriage debt-free thanks to the principals here. I had $40,000 in debt when I started back in 2013 as an intern. And I came in just learning this stuff,

going through FPU and decided, you know, if I'm going to work here, I guess I should like do this stuff and see if it actually works. And so I got out of debt in two years. And in 2018, we got married and we just had some weird goals, you know, being here around a lot of weird people. And so when it came time to buy our first house, we were renting for a

little bit. We just had this weird goal of let's see how much we could put down for a house and then see how quickly we could pay it off. And so that's kind of how the whole thing started. And we were really just dreaming together saying, what do we want our life to look like? Do we want to work till 65? Do we want to work till 65 do we want to have options do we want to go on incredible trips and what could we do without a mortgage payment so that's really what started that journey 26 months later the house is paid for from the time you buy it that's pretty freaking incredible and uh whitney uh you guys are truly opposites attract george loves the spotlight you detest it that's true um you and i were in a meeting earlier today and you're like i'm not sure that i'm excited about doing this in this day

you're here you're here now she she's uh more of the eye candy so she deserves the spotlight i got a face for radio that's why i sit next to you uh good move well played well played well played but whitney um now that you've done all of this and you've been you guys have both been here for a long time you've been plugged into this whole process now that you're actually there how does it feel I feel like it's still surreal we kind of became addicted to paying off the mortgage like each month we would look at what is extra in our budget and we would do at what is extra in our budget and we would do a lot of no spend months, which I know that sounds miserable to most people,

but it almost was like a fun challenge of what are the things that we need to buy and what can we, you know, not do the things that we want to do. And that just helped like expedite our goal and get our mortgage knocked out faster. But y'all were a little bit too intense. Actually, you say you don't need to be gazelle intense and i was like no we're and she was more intense than i was i found an iphone note from 2018 the month we got married and i already was doing the math on how much we were going to put down how quickly we were going to pay it off and we had this wild nerded out yeah oh yeah completely nerded out that hurts he's a numbers guy that's so cool

that's good we had a goal to pay it off in four years. That was our big, hairy, audacious goal. We're going to pay this thing off in four years. And Whitney said, nah, that sucks. We could do it in three. It took my breath away. And then it became a challenge. Game on.

Throw down the gauntlet, baby. Yeah. And two years and two months later, boom. Just like that. Just like that. So what's the first big thing you're going to do to celebrate? Well, Dave, we talk about this on air about how crappy my car is. Yeah, we did.

So upgrading the car is A1. We talk about it off air, too, because your car is crappy. That's true. It's hurtful, but it's true. No, it's just true. It's not a personal thing. It's just crappy. Yes.

So that's our A1. And then we would love to pay cash for our next house and upgrade into something a little bigger as maybe we have a family one day. No announcements. Sorry if that got anyone excited there. We do have a dog. So I am a dog dad, which that word alone makes John Deloney. He's standing over here shaking his head. Yeah, don't say dog dad, but you have a dog. But you are one of those people because French bulldog people are all that way. So you brought the dog for the debt-free scream, right?

We did. It wasn't my idea. It was the entire team's idea. Yeah, right. They said, hey, we'll dog sit. We're happy to do it. Right. You got a whole bunch of dog sitters.

Well, let's get the dog into the... Yeah, my dog nanny is here with us today. Your dog nanny? You know her. Her name's Suzanne Sims. She's one of our board members. Oh, my gosh. So there she is.

This is Olive. Olive. And Olive sheds. She does. She's a shedder. All Frenchies do. Oh, my gosh. That's just way cute.

I think this might be the first dog. This is the first dog. No, I think we had a service dog one time. Olive is not a service dog. No, she's special, but not like that. Olive requires service, but she's not a service dog one time. Olive is not a service dog. No, she's special, but not like that. Olive requires service, but she's not a service dog. Yes. The only thing more high maintenance than Olive is me.

I'll say that. So, it's fun. That is great. Well, since you're talking about moving up, I think it is a good idea just to point out that, yeah, you're a big-time Ramsey personality. Both of you work here. But you're not making $2 million a year. Neither one of you yet. I hope you do someday making two million dollars a year neither one of you yet i hope you do someday not yet speak that over and uh uh the the other thing so your

home is modest you're newlyweds it's a town you're young yeah you just got married you bought a town home do you want to tell what it's worth or not you don't have sure yeah it's uh it's worth about 480 okay all right and it's paid off in 26 months and you guys have been married three years three years a little over three years okay so very very cool well it's good that our ramsey personality is an example of the things we talk about in so many ways but it's not like a four million dollar house and you know on the beach or something like that this is a it's a modest good. And like you said, the next good big goal, save up, save and move up in that. And before you do that, get out of that crappy car.

Yes. And the big thing, Dave, was the walk, the talk, this initiative we had in 2021 with our whole team to have this huge $25 million turnaround of debt paid off, dollars saved. And so that just fired us up seeing all of the stories around this building of people that were paying off debt, leveling up in the baby steps. And it just reminded me of why we do this and my passion for this. And Whitney was a huge part of that too, just getting fired up about how much faster can we do this? Can we do it before walk the talk is over in 2021? And so we made it by the skin of our teeth. There you go. Well, thank you guys both for who you are as people you guys both for who you are

as people thank you for who you are as an example as a ramsey personality and as a couple here and both of you working on the team uh are excellent excellent team members and um good friends and we're just so proud of you you guys are just amazing george has gone all the way from intern through about six or seven different positions over the years has worked his way up uh learned this stuff inside and out lived it and becomes a ramsey personality uh in the last 24 months and that's moving him into a whole different realm of things he's always been on stage not always but for a lot of a lot of the time been on stage here as a host and other things but now he's moved into this role and is uh you're killing it there as well so you guys are just a picture of success into this role, and you're killing it there as well.

So you guys are just a picture of success. We're so proud of you. Well, thank you for helping me meet my wife, Dave. Couldn't have done it without you. Yeah, I had nothing to do with it except payroll. But there you go. But I think maybe my family. No, was my family involved in this, Whitney?

Actually, no. This was a very organic. You've hung out with a few of the family members in this, Whitney? Actually, no. This was a very organic. You've hung out with a few of the family members. Oh, yeah. Good friends with Daniel's wife. All right. Here we go, guys. It's Whitney and George.

House and everything. $165,000 paid off in 26 months and olive. Count it down. Let's hear a debt-free scream three two one i love it first french bulldog in a dead free scream. This is The Ramsey Show. our scripture today first peter 5 8 be alert and of sober mind. Your enemy the devil prowls around like a roaring lion looking for someone to devour. Leave your character with God. It is safe there.

Men throw mud at it, but it will never stick long on a true believer. It shall soon come off, and you shall be the more glorious for men's slander, Charles Spurgeon said. There you go. That's a good one. There you go. That's strong. I don't think I've ever heard that quote before. I have heard there is no statues erected to critics.

I have heard, which then someone sent me a statue of Roger Ebert. That's different. I don't know who did a statue of Roger, but they did. And I've heard Aristotle said there's only one way to avoid criticism. Say nothing, do nothing, and be nothing. That's a favorite. And the Eleanor Roosevelt quote is what small minds talk about people, mediocre minds talk about events, and great minds talk about ideas,

or something along those lines. You've got a good memory. I'm impressed. It's like a Rolodex in there. Well, I've been doing these quotes of the day for 30 years. They stick in your brain, but the good ones do anyway. George, congratulations. That was fun.

Thank you. Yeah, that was an out-of-body experience. Very cool. Olive made her YouTube debut. Yes. And Kelly's letting me know, do not think that you can have your dog for your debt-free scream. That was a special privilege for me.

Because you're a Ramsey person. As a matter of fact, I saw Deloney in the hall and told him he couldn't bring his. So his dog's pretty seriously ugly. Yeah. It's true. He said that. I mean, I'm just going with what he said. We got a designer dog, so it comes with cuteness.

Yeah, it's got the cuteness factor going on for sure. No doubt about it. Oh, those Frenchies are great dogs. And they got personality. They do. They got lots of personality. All right, open phones at 888-825-5225. Kenny is with us in South Carolina.

Hi, Kenny, what's up? Hey, sir. Just started listening to your show today while I was traveling, and honestly, I guess with your new book coming out, you've kind of been in the forefront of some things the last few days. I've had friends in the past that have talked about some of your philosophies and that kind of thing, but

with most things, I thought it was beginning to the point where I could be debt-free, I thought I had to have money in order to do so. My biggest question after listening to you and hearing some of these very inspiring stories, including George's today, congratulations on your debt-free life as well, sir. But I wanted to get to that point myself. But our problem is we live paycheck to paycheck, and we're taking care of our elderly parents and that type of thing.

And we don't have a lot of disposable income at the end of the month um as a matter of fact in some months we we do have to extend things out with credit cards and that type of thing but we want to get to that point all right i'll tell you what george is george is going to jump in and give you a plan before i before i forget though i'm gonna go ahead and tell kelly we're gonna put you on hold and send you a copy of the new book baby steps millionaire and a copy of total Money Makeover, both. That's a one-two punch that'll get you rolling, brother. But, George, we'll give you a lineup here. Well, Kenny, thank you so much for checking out the show and giving us a call.

That's incredible that you just were listening today and decided to call in. So tell me about your situation. What's your household income, and how much debt do you have? We make gross about $75,000 a year and right now we're probably 300 350 000 in debt does that include your house or is that just consumer debt uh that is house student loans and vehicle and that type of thing okay well let's separate the house for now let's put that aside how much consumer debt do you have outside of the house? The student loans and vehicle, probably $200 of that.

Wow. Okay. And how much of that is vehicle? $50,000. Okay. So $150 in student loans, $50 in a car or cars, and $150,000 on the house. Right. Okay.

All right. And are you guys doing a monthly budget right now, or is this new to you? Well, I know what my budget is. My wife's turf fluctuates a bit because, like I say, her situation with her mother, we're paying some bills for them to supplement what they're not getting based off Social Security and retirement and that type of thing. They live with you? My mother does, but her mother does not. Okay. Are you guys covering your four

walls right now? Are you able to cover food utility shelter transportation without issues uh yeah for the most part okay well at that point you've got stable income and you're stable on on those fronts and you're making all of your payments on your bills yes sir okay how much do you have cash right now in liquid savings and everything? My savings, we probably got $10,000 to $12,000 for the side. Okay. And how much do you love these cars? I mean, could you sell these cars right now and help speed up this process of paying off some debt and get something cheaper? Possibly, yes.

Okay. Is it one car or two that are $50,000? the 50 is two what's the expensive one um new truck and it's how much purchased how much um the debt on it's about 35 000 yeah all right okay well kenny you asked and so we're going to tell you. All right. Number one thing is when you guys sit down together, you and your wife together, combine your efforts, combine your incomes, and combine your messes. Okay? Your messes are the debt, the household that you've got to support, a little help for her mom and dad that aren't there, a little help for your mom that is there or vice versa, whatever it is,

whatever it's taken to cause these things to happen. But we are now one. We don't run two different things. You're not roommates, you're husband and wife. We're going to be on one budget. As a matter of fact, we're going to go even further than sending you those two books. I'm going to go ahead and put you into Ramsey Plus, which signs you up for Financial Peace University to go through the class and you and your wife can go through that together

you can either go to a local church and go through it or you can go online and watch the videos either way or both for that matter so i'm going to give you the full freaking enchilada i think you're going to do it all but here's what you're going to end up doing it may take you a little while to get there emotionally but the two of you combining all of your income and then giving every dollar a name on purpose before the month begins part of ramsey plus is the every dollar budgeting software makes it very very easy to do you don't need to be an accountant you don't have to be any good as software anything like that this is going to make it make it like using a yellow pad to lay out a budget in detail. But if you do it in detail and you do it together, you're going to feel like you've got a raise

because there's a level of waste in all the disorganization. There always is for all of us, and you're not an exception. The second thing is you shouldn't have a vehicle that is 50% of your dadgum income, especially when it's in debt and especially when you've got all these other households you're trying to support and especially when you've got this much student loan debt. So I'm sorry, brother, but that truck's gone. It was insanity when you bought it, and we're going to get rid of it because I want you to get your life back so you can drive anything you want to drive in a few years.

I'm not saying you never do that in your life but i'm saying at this stage of the game you're broke you can't pay attention you call the national radio show saying i can't even make bills without going into credit card debt every month and so i've got something got to change here and so i'm you know we're about to about to clean this mess up and it's going to get radical and we're going to be on beans and rice rice and beans we're not going to see the inside of a restaurant unless we're working there as an extra job we're not going on vacation we got a dadgum mess to clean up here and you just draw back your fist and you punch a hole in this wall man that's what you're going to do and we're going to show you how to do that with great

intensity with your wife together and i'm also going to say that the set of parents that are living on social security that aren't under your roof we're probably going to put them on a budget too because they need to get their crap together so you don't have to support them they need to live on what they've got coming in if at all possible i don't want them to go hungry i'm not trying to be mean but they're probably doing the same kind of junk they may have a drug car sitting in the driveway you're paying the payment on indirectly screwing around with this stuff so you got to clean to clean up, clean up, clean up, clean up. Yeah, you sell this truck, it's going to kickstart this whole process, and the book and Ramsey Plus, it'll lay all this out for you,

but you're going to have a starter emergency fund of $1,000, so take all that out of savings, and the rest of the money you now have is going to go towards those debts from smallest to largest, regardless of the interest rate. Take $5,000 of the $10,000 and go buy you a $5,000 truck to drive for right now until you get this mess cleaned up. No payments. Boom. I just got rid of $750 a month. I love it. Kenny, call us back when you're debt-free. Call us back if you want more encouragement. Yes. Hey, man, we're here to help you, brother. All kidding aside, you can do this stuff. That's

why I'm giving it all to you so you can go get it done. And you call us back if you need help along the way. We'll be happy to help you. George, congratulations. Thank you, Dave. Fun times at the Debt-Free Screen. Thanks to James, Ben, and Kelly in the booth. I'm Dave Ramsey. 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. Have a friend or family member that needs a daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.