The Ramsey Show - App - Handling Money During the Grieving Process (Hour 2)

Episode Date: August 12, 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 a paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in, we'll talk about your life, your money. It is a free call at 888-825-5225. That's 888-825-5225. Kevin starts off this hour in Virginia.

Hi, Kevin. Welcome to the Dave Ramsey Show. Hi, Dave. How you doing? Better than I deserve, man. What's up? Excellent. Hey, I've got a question. I'm 53. I've got about $72,000 left on my mortgage. I've got about $13,000 left in credit card debt.

I'm on baby step number two. I've got a cushion setback of about $8,000. I've also got some bonds probably worth around $12,000 to $13,000 that have already matured. They've been sitting there forever. I've got some CDs for around $8,000, and I've got some individual stock around $30,000. My question is, and I've got a car that's got $250,000. It's getting ready probably to go. I was wondering if I should use these to go ahead and throw towards my debt, the $13,000 in credit card debt, the stocks, the bonds, and the CDs. Should I do that? Are you through with credit cards?

I'm sorry? Are you through with credit cards i'm sorry are you through with credit cards through yes i am not gonna do this again correct chopped them all up okay close the accounts use a debit card live on a budget okay Yeah, then I would. And our definition of what we call baby step two is you have a thousand dollars in the bank is your baby step one. Everything other than that, that is not in a retirement account is liquidated to do baby steps two and three. Okay. And so that would say, sell all this stuff, pay off your credit card, close the accounts, make sure you have a fully funded emergency fund and a money market of three to six months of expenses. That's maybe step three.

And then and only then would I begin to invest, and I'd put 15% of my income into retirement. The good news is you can do all of this in one week. All you have to do is liquidate this junk. Okay. So really, your CD is the beginning of your emergency fund. Because the other stuff's going to pay off your credit cards when you sell it.

So you'd finish up adding to the CD, making a money market account rather than a CD. You're going to get about 1% on that. It's not going to be a big investment. I mean, it's not going to be a big, you know, big hairy deal or something. But in terms of rate of return, you're going to get about 1% on that. It's not going to be a big investment. I mean, it's not going to be a big, you know, big hairy deal or something. But in terms of rate of return, you're going to get like 1% on it. And you're going to be debt-free other than your home, putting 15% of your income away towards retirement in good mutual funds.

Beyond that, do you have children in college that need college savings? Not college, no. Okay. All right. So we don't need to do what we call baby step five. Beyond that, I'd start throwing money at the house. Okay. In other words, I would not have side stocks and bonds, investments,

and still have a home mortgage even. Okay, so even the stock goes there. They're actually at pretty much an all-time high right now, and I didn't know if I sold all of them, would that put me, I guess I'd have to take a hit on the tax bracket for one year. Well, no, have you owned it a year? I'm sorry? Have you owned the stock a year?

No, I've got a commission over the last 15 years. Okay, then it would not affect your tax bracket. It would be capital gains. Okay, okay, okay. The gain on it, was it given to you as a bonus? No, I put money every week. It's a company stock. Okay, you paid for it.

So you have a basis in it. Anything above your basis would be you paid for it. You bought it. It's not compensation. So anything above your basis would be capital gains rate of 15%. It would not be an ordinary income. Okay. So it's not much of a tax 15%. It would not be at an ordinary income. Okay. So it's not much of a tax hit.

There's not a lot of money here. Okay, I got you. I got you. You can really chunk on this house and start beating this house up. And, I mean, what's your household income? 49. Okay. 49,000.

Yeah, I see you paying off your house within the next five years if we do all this. And then with no house payment, and, man, you can load up and start really building some wealth then and that's one of the keys we've seen for people who become millionaires uh starting from nothing they put money in their 401ks and they get their home paid off because they had an emergency fund and because they were debt free other than their home and then you just are able to get that home knocked out and boom, those two things in the Everyday Millionaire study that we did changed everything for folks. Hey, thanks for the call.

If you don't know what I'm referring to, Chris Hogan's number one book, Everyday Millionaires, has 140 of the statistics that we discovered when we did the largest study on millionaires ever done in North America. We studied over 10,000 millionaires, and we found out the truth about them. Now, here's the thing. If you want to be skinny, study skinny people. If you want a great marriage, study people who have great marriages. If you want great kids, study people who have raised great kids. What did they do?

You see, the proof is in the pudding, as they say. And in business, we study people that are successful, and we emulate or copy the behaviors, the decisions, the habit patterns of these successful people. And so that's why you would get the Everyday Millionaire book, a number one bestseller. And that's why my friend Tom Stanley's book 25 years ago was so popular, The Millionaire Next Door. As a matter of fact, it came to a lot of the same conclusions that we found. And people kept saying, well, you know, Tom Stanley's information was so old, and there was only 750 people studied and all this, and it turns out Tom was just right still. And his daughter Sarah continues on his legacy, writing and teaching and researching in this area.

Read her stuff, too. So, I mean, find out what real people are doing, not what some kind of leftist regime with a political agenda wants to tell you about systemic problems with the economy so the little man can't get ahead. The truth is we found in excess of 90% of millionaires were not millionaires because of an inheritance as a matter of fact 79 percent received zero inheritance and the others that did receive one it was so small or late that it didn't affect them becoming a millionaire so over nine out of ten millionaires there's 11 million of them in north america so study this stuff and that's you know that's where we come up with the suggestions and things, like answering his question. You get the house paid off, and the baby steps, it turns out, work.

They follow exactly what these everyday millionaires did. And it works. It works. Get your house paid off, load up your 401K. That's the first level of wealth you'll build. Now, that will not make you worth $100 million or $200 million. But it'll get you from one to five. And most of you can make it on that.

That's not rich anymore these days. But it's richer than most people. Because most people are paycheck to paycheck. Most people, all the money comes in, all the money goes out, and only the names are changed to protect the innocent. This is the Dave Ramsey Show. We've been voted one of the best places to work in Nashville 11 times. You want to know how we do it? Well, our team has been using LinkedIn jobs for years to find the best people from all

over the country to come and help us change lives. Think about it. LinkedIn has more than 600 million active members. I'm talking about people who come to LinkedIn to make connections, grow their careers, and discover new job opportunities. In fact, 90% of LinkedIn users are open to new opportunities, but not actively scanning job boards. This means LinkedIn Jobs gives you access to an entirely different demographic. Don't wait. One hire can change the direction of your company. Post a job today at linkedin.com slash Ramsey and get $50 off your first job post. That's linkedin.com slash Ramsey. Terms and conditions apply. Laura is in Kentucky. Hey, Laura, welcome to The Dave Ramsey Show.

Thanks for taking my call. Sure, what's up? I recently lost my husband. Oh my gosh. To cancer. How long ago? And I have July 3rd. Whoa, just the other day. How old was he? 57. Wow. How long was the fight? Two and a half years. Wow.

I'm sorry. How long were you guys married? Just shy a few days of 29 years. Wow. Mm-hmm. I'm sorry. How can I best help? So I have a, he had an IRA that I'm trying to figure out what is the best plan to do with it. I've heard that there's a, it gets rolled over to an inherited IRA and you have to take a required minimum distribution.

Correct. Or it can be changed into my name in an IRA, but then it would be tied up until I'm 59. I don't think you can do that. I think you have to take the inherited version, as I understand it, and required minimum distributions. How much is in it? Just over $600,000. Wow.

Okay. Well, that's good news. And what's the rest of your situation? Are you working? I haven't returned to work yet, but I am employed. Okay. What do you make? I've been working part-time.

I make usually around $30,000 a year. Doing what? I'm a working part-time. I make usually around $30,000 a year. Doing what? I'm a physical therapist. Okay. So is your plan to work doing that full-time as your career now, as you recover from this grief, obviously, but is that your plan? I don't really know. Okay.

All right. I don't really know. Okay. That's fine. You don't have to. I'm just trying to figure out what the money piece, what the arithmetic looks like in this situation. Right. Right.

Was there life insurance? Yes, there was. How much? $100,000. Okay. And that will pay off the home. Oh, that's good. So I'll have no debt.

That's very good. Okay. And what did he earn back when he was working? Around $80,000 a year. Okay. You have children at home? I have a daughter that's at home, but she's 23. She's working. Okay. So she should be or could be self-sufficient. Okay. Yes. All right. So if you earned $30 or $40 a year, if you were careful with no house payment, you likely could live on that. It wouldn't be living quite like you all used to live, but you likely could live on that and pull that off, couldn't you?

Probably. And you could make a lot more than that where you'd work more, but you haven't made that decision yet, I understand. Right. And I don't blame you. I think it's good that you wait a little bit. And what's your home worth? My guess is probably a house and substantial amount of land.

It's probably worth more than $200,000, but I don't know that we will stay here because it's a lot to take care of, just my daughter and I. So we will likely sell and downsize. Okay. Well, the good news is

the bad news is you're in a horrible, sad, tragic situation. The great news is you all have done a wonderful job with money, and you're virtually millionaires if you're not. You're right around there. Okay? Probably doesn't feel like it right now, but, I mean,

$600,000 plus $200,000 is $800,000. You're getting close to a million dollars, right? And so that's where you are. The thing i encourage folks to do in this situation especially uh the only good part of the story is that you've emotionally had two and a half years to uh prepare yourself every morning for this as you all fought fought against this evil cancer stuff and um so it wasn't a shock. It wasn't a surprise in that sense.

And that changes the grieving process. It doesn't make it hurt less. It just changes it rather than a sudden thing. And so but either way, it hurts like crud. And either way, this is your guy for 29 years. And either way, you can't breathe a lot of mornings right now, right? And so just give yourself some room. So what I encourage people to do in these situations is to the extent you can, do nothing.

So don't sell this property today, okay? I think you might sell it in the spring. You're very well likely. But give yourself six months to breathe better. Your brain will be working better in the spring than it works right now. Okay? Do I go ahead and pay the house off? Oh, definitely.

Definitely. Okay. Yeah. But let's just avoid major investment decisions or transactions that can't be undone because you're not on your A game right now if you're a human being. And you are a human being. Okay? Okay. The only way you would be on your, I mean, you would just be weird if you were on your A game.

Agreed? Yeah. Yeah. So you just don't make yourself do big decisions right now. You don't need to. You're okay. You got to pay for everything. You've got a great career if you choose to

plug into it. You've got money. You're not hungry. You've got shelter. Just give yourself some room to cry. And don't make any big calls right now. So I would set this in an inherited IRA. Take those required minimum distributions.

Work a little if you feel like it. And give yourself six months to breathe clearly. I agree with you. I think you're probably going to sell the property in the spring. I'm okay with that. I just wouldn't do it in the fog of grief, that's all. And, you know, it doesn't hurt anything to wait till spring unless it's got a damaging memory around it or something.

But I didn't hear that. I just heard it's a lot of land and you don't want to mow it. Yes. Yeah. So you got $600,000. Pay somebody to mow it. Don't worry about it until spring. Okay?

Is that okay? That sounds good. Yeah, just take your time. You can make your career choices that are a little more permanent. Nothing's ever permanent, as we all find out. And you can make your choice to sell the property. You may even decide to do something a little different than the inherited IRA at some point. You may want to roll it or do something, you know, explore these other options.

But right now is not the time for you to be a financial advisor. Just sit. Unless sitting is damaging something, and it's not. I don't hear a thing it's damaging. Give yourself some space to heal and you know sit down one of our smart investor pros if you want to and get that inherited ira stuff taken care of um you know when the weather breaks in the spring holler at an elp and get the land priced and that'll give you some more information to make decisions with but that way you just if you take the pressure off yourself

you don't have to fret about it. And I've got to tell you, I mean, Sharon and I have been married 38 years. Something happens to her, I won't be able to breathe. Not for a while. And I'm just, you know, I'm not going to make any big life-changing, earth-shattering decisions in the middle of all of that. So I just want the same for you. I'm so sorry.

Sorry you're facing this. And if you need some help, you call me anytime. I'll be happy to talk to you about it. I'm not telling you you have to do this. It's just my suggestion. It's what I would do if I were in your shoes. And that's how we answer questions here. Hey, thanks for the call.

Open phones at 888-825-5225. You jump in. We'll talk about your life and your money. Luther's on Instagram. David, I work a lot of overtime. In the past few years, I've had to pay extra taxes when I file. How should I calculate this, not knowing how many overtime hours I'll be getting? Well, they should be withholding on your overtime hours. If they're not withholding enough, you could change your withholding a little bit. You know know figure out what on average in an average year you're having to pay extra

beyond what was normally withheld then you could change it from that that'd be one way to do it otherwise sit down with your tax person and do a detailed calculation 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.

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Their team of experts will give you more clarity about your options 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, we're coming to a bunch of cities across America with Financial Peace Live. Financial Peace Live is a live event where Chris Hogan, Anthony O'Neill, and I will be in your city, or two of us will be in your city, and we walk you through the baby steps. You'll laugh.

You'll cry. We're going to do this together. It's going to be a pep rally for those of you that are wanting to do this Ramsey thing. You're wanting to get control of your money, and you're going to bring someone that thinks you're crazy, your friend, your boss, your brother, your kid, your grown parents. Most of the time they're grown. And you bring them with you. Yeah.

Bring your spouse with you, the reluctant spouse that you've been trying to get to do this stuff. It's a lot of fun. It's a night. You're going to hear a lot of the stuff you've already heard before, but you're going to leave pumped up. You know, when you go to your favorite artist concert, I went to the Eagles a while back, and I know every word. I grew up with the Eagles, and I did not go there because they were coming out with new music. I went there

fully expecting them to play their hits, and you should do the same with us. Oh, we'll have some fun, and there'll be some dropped things into the process, I promise you. But Financial Peas Live is Financial Peas Live. Chris Hogan, Anthony O'Neill will be in Austin, Texas, September the 12th, just a few weeks away. October the 2nd, they will be in Tacoma, Washington. They will be in Phoenix on October the 10th. I will be with Chris Hogan, Charleston, South Carolina, November the 20th. Seats are on sale now. They're selling very quickly, on pace for early sellouts on all four of these events.

Again, Austin, Texas, Tacoma, Washington, Phoenix, Arizona, Charleston, South Carolina. DaveRamsey.com slash events or call the Ramsey Concierge Team at 888-22-PEACE. See how we did that? 888-227-3223. Peace. Financial Peace Live. Sarah is in Arizona. Hi, Sarah.

Welcome to the Dave Ramsey Show. Hi, Dave. How are you? Better than I deserve. What's up in your world? Well, first off, it's a privilege and honor to talk to you. So thank you for taking my call. My pleasure. My question is, when is the best time to roll a traditional IRA into a Roth IRA? My husband and I have kind of a unique tax situation this year. We just adopted two little

ones out of foster care. So we are fortunate enough to take care of the adoption tax credit for special needs children. Oh, yeah. And it's a nonrefundable credit, so we want to make the most of it. Well, definitely use it. And if you need to roll some of this, you don't have to roll the whole thing, but roll enough to where you take full advantage of this credit. Yes.

I guess that's my question is I just don't want to go up a tax bracket in doing so. Well, you wouldn't go up, but your tax bracket would be zero if you've taken full advantage of the credit. Yeah, well. You know, so you're not going to pay taxes regardless of your. A tax credit is not a deduction. A tax credit is that amount comes off your tax bill. Yes. Okay.

So I guess my question is my husband makes about $100 a year net. And so we want to minimize if it's going to be taken out at like 15% or whatever the next check bracket is. If we should do a little bit maybe this year, a little bit next year. Okay. You're only getting the credit this year, right? It actually rolls over for five years. Oh, okay. All right.

And is there enough of a credit where you pay zero taxes? Yes. I mean, we've already changed his exemptions to zero for the for the year talking about i'm not talking about against withholding i'm talking about total tax bill is the tax the irs tax bill going to be zero yes okay then um you're in a zero percent tax you know you're in a 0% tax, you know, anything you do, you can take it. So how much is in the IRA? Between the two of us, what's in traditional is about $70,000. Okay.

Well, your tax bill on that is only going to be about a fourth of that, give or take, in a normal year, okay? And so if you can move all of that and because of this credit pay no taxes, then this is the time to take that much of the credit and use it. Okay. It's a good use of the credit. Okay. Yeah, that's kind of what we're thinking, especially because it is non-refundable. I know a lot of foster and adoptive families can't even use the credit. So we thought, oh, maybe this might be the only way to be able to take advantage

of it. Yeah, I would take full advantage of it in every way possible, and this would be one of the ways. Now, what I normally tell people is not to roll to a Roth because it creates a tax bill, and they don't need a tax bill while they're still trying to pay off their house, okay? We're not creating a tax bill here. we're just taking advantage of the fact that you don't have a tax bill yes that's the difference and so yes i would take full advantage of this i think i don't know the numbers on your on your credit but i think what i'm hearing is is you can roll the whole thing and pay no taxes and that if you can do that that's exactly what i would do so this is awesome.

And then it's going to grow from this point completely tax-free. But very nice, very nice. And what a wonderful thing you've done with your adoptions. That's just wonderful. Very well done. Open phones at 888-825-5225. Trey is in Tennessee. Hey, Trey, welcome to the Dave Ramsey Show.

Hey, Mr. Ramsey. How are you doing, sir? Better than I deserve. What's up? Awesome. Hey, Mr. Ramsey. How are you doing, sir? Better than I deserve. What's up? Awesome. Hey, I appreciate you taking my call. I just need your advice and wisdom today. My wife and I are in our early 30s.

We both work in the medical field here in Franklin. We're currently on baby step number two and have about $64,000 left in our student loans. And eight months ago, we were blessed with a baby girl. And my wife has recently decided that she wants to cut back on work and be at home with the baby more. And our plan currently is for her to work part-time a couple days a week. But my question for you is, I'm a little bit nervous with her cutting back that we're going to have too much of a house and be house poor. And I wanted to see if you'd recommend us selling our house and, you know, getting ahead on these steps or stay and build equity

and just kind of delay progressing through the steps, so to speak. Okay. How much is your house payment? $2,200 a month. And what is your personal take-home pay if she's not working? Right around $6,500 a month. Okay. That's pretty rich.

And what do you do? I'm an orthopedic surgery nurse practitioner. Okay. And how long have you been doing that? I've been doing this for nurse practitioner. Okay. And how long have you been doing that? I've been doing this for two years. Okay. So you probably have some pretty substantial increases coming in the next five. Would that be fair?

That would be fair. I would hope so. I mean, you're not on a 3% of your raise situation. You're at the beginning arc of your career in a great career field, by the way. Well done. Thank you. In other words, right now, your house payment is a third of your take-home pay. Yes. Which we would not have signed you up for, but you didn't sign up for it in those

exact circumstances. Now, the question is, how quickly is your income going to come up enough that you're no longer house poor? And I think my theory here is in 24, 36 months, this is going to look completely different, and you're going to be in your 25% range. Okay. In other words, you're going to go from 6,600 take-home pay to probably 9,000 take-home pay in the next 36 months. Does that sound reasonable? That sounds – yeah, that'd be great. I think that's probable is my point.

Yeah, I'm judging off your career field, the stage you are in your career, the area of the country you're in. I happen to know a little bit about it. I'm your neighbor, and so on. So probably know who you work for. But anyway, aside from all that, I think that's the general track you're on. And we're not including at all that she's going to do some income production. So, no, I wouldn't sell my house if you like it. I think you're going to be fine.

What you don't want to do is be sitting at 33% or 40% of your take-home pay and be stuck there for 10 years because you're going to be house poor at that point. House strained is while we're there because of a change in circumstance for a short period of time. And that's where you are. I would not sell my house if I'm in your situation and I like my house. This is the Dave Ramsey Show. Jane is in Washington. Hi, Jane. Welcome to The Dave Ramsey Show.

Hi. Thank you so much for taking my call. My pleasure. How can I help? Well, I have come to the difficult conclusion that I'm sorry, I'm going to try not to cry, that it is necessary for me to separate from my husband. He is not financially honest with me. So I took Financial Peace University, and I'm working on baby step number one.

I work from home right now, and I have three kids, and I'm trying to figure out the best way to keep us financially stable as we make this transition. How long have you been married? 16 years. Wow. So this has been going on a long time. Yeah.

Have you guys been with a marriage counselor? Yeah. Have you guys been with a marriage counselor? Yeah, four counselors over the last 10 years and mediation. Mediation for a divorce? It was called a marital agreement where if he did not fulfill the items, then the next step was separation. I see. And that was recently. It was actually a year ago. But I mean, that's not, it wasn't 10 years ago. It's a year ago. I just haven't known how to move forward after it became apparent.

He wasn't interested in fulfilling that. Are you in a good church by chance? I am not. Do you have family in the area? No. Who's your support mechanism? I'm sorry? I said, who is there to support you?

To help you with this process? It's mostly me. I have a couple of good friends who I've confided in, but we're relatively new to the area. We moved here about four years ago.

From where? Arizona. And where is your family? The other side of the state. The other side of Washington? Yes. Okay. All right.

And you, as I understand it, you said you're working from home and you're on baby step one, so it sounds like you don't have a lot of income. I'm sorry? It sounds like you personally don't have a lot of income based on what you were telling me. You're on baby step one and you're working from home. Is that right? Right. Okay.

So what is your income? Personally, I made about $12,000 last year. Okay. What does he make? He does security and he makes about $90,000. Okay. All right. So he'll have, in the state of Washington, child support on three children,

likely have alimony in most states based on a 16-year marriage. Out of his $90,000, he's going to take a pretty healthy hit. That's going to come to you in the event of a divorce, right? I'm sorry. There is a lot of feedback. I'm trying to listen to you and not listen to the background, so I couldn't hear what you said. I'm sorry.

Okay, there's feedback coming from us or from something in your phone? From your side. Okay. Well, here's feedback coming from us or from something in your phone? From your side. Okay. Well, here's the thing. I'll put you on hold, and what we'll do is make sure you have a coach in your area, a counselor, one of ours, help you and walk you through this. You need an attorney, and you need some people in your life, family, pastor, church staff, that kind of thing, to be able to get around you and help you walk through this.

The biggest strain you have right now is until he starts paying child support and or alimony as a part of your marital disillusion, your divorce, you're going to struggle greatly because you don't have an income. $1,000 a month will not feed three children in the state of Washington. And so you're going to be below the poverty level the moment you do this. So you've got to figure out a way to get some assets into your name, some money into your name. It's income. It's scarfing his income, which is the right thing to do with child support and so forth,

getting all of that lined up. So you need a good attorney would be your next step. Thanks for the call. Open phones at 888-825-5225. Hold on. James and the team are going to pick up. We'll see if we can figure out what kind of feedback you were getting. We're in a new studio.

We may have something messing up. It's the first time I've heard that, but we may have. Vanessa is in Illinois. Hi, Vanessa. How are you? Hi, Dave. Thank you for taking my call. I truly appreciate it. Sure. How can I help? I am calling you because recently, about a year ago, I had my son, and he's my second child. And we had a traumatic birth, and so my son has some brain injuries um and i've had to stay at home sure um they won't accept him in a regular daycare sure um so now we're struggling um we had enough saved but that we've already gone through all of that. And now we are literally at zero with a car loan and rent and utilities. I'm only bringing in about $1,400 a month.

Where's your husband? And my fiancé, actually, he's bringing in about, on a good month, $1,600. It varies. Okay. All right. How old are you guys? I'm 37, and he's 40. Okay.

So you have a $3,000 income between the two of you. You have a child together that has a brain injury from a traumatic birth, so you're limited on ability to work. What's limiting him? He's actually working as many hours as he can. Unfortunately, both of his positions are part-time. So he has a career crisis at 40 years old too. Yes.

Because he's making $18,000 a year at 40 years old. Exactly. Yeah. So he has a career crisis to go with all this. How much is your car payment? $645 a month. I guess that's being sold. That's one of my questions.

Immediately. It was ridiculous to start with. When you put it in the scenario that is your life, it gets really over in the crazy zone, doesn't it? Yes. Yeah. I mean, a $600 car payment with a $3,000 income, that sounds more like a house payment. Well, it wasn't that way when we got the car to begin with. I was making much more than that.

Yeah. But it's still ridiculous. $600 car payment never comes under any column except crazy. So, all right, yeah, get rid of the car. What were you making? I made about $55,000. Okay, still stupid. Okay, all right, yeah, you just got to get rid of that.

And how much other debt have you got? I have student loans, but they are currently deferred. Sure. How much? About 50. Okay. And what other debt? No other debt.

How much is your rent? $1,600. Okay. We're moving, too. I had a feeling you were going to say that. That's one of the things. I had a feeling you were going to say that. That or a fiancé. Boy, child's about to get his income doubled, one of the two. Yeah.

So he has a career crisis and a lot of urgency on creating twice the income that he's creating now. He makes no money, does he? Yeah. It's not a put down on him. He's just in that place right now. But the good news is, you know, my dad used to tell me when I was growing up, he said, half of fixing a problem is knowing there is one. Yeah.

And the sad thing is you guys have been through this traumatic situation. You've got all these challenges. The good news part of the story is it wakes you up, and you go, oh, crap, $600 car payments are stupid. Oh, crap, fiance doesn't make any money. He's going to have to go make us some money. We've got to get rid of this car. And if he doesn't double his income almost immediately, we've got to talk about moving.

So, yeah, you've got to get on a real beans and rice budget and start dumping some stuff and get yourself back where you're square again. You're not in Congress. This is a tough time for you, kid. Hold on. We're going to put you through Financial Peace University and help you. We're going to pay for it.

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