The Ramsey Show - App - Having a Clearly Defined Goal Pulls You Toward Success (Hour 2)

Episode Date: September 4, 2019

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Music Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump jump in we'll talk about your life and your money it's a free call at triple eight eight two five five two two five starting off this hour is sky in new mexico hey sky how are you i'm great sir thanks for taking my call sure what's up

so i've been listening for years walked away did a whole lot of stupid, but I've had it. So I'm 34. I'm married, three children. We have a $72,000 household income. We have a $46,000 debt mountain to climb. And I'm curious if it would be wise to refinance our 30-year mortgage to a 20-year while we're in baby step two, or if we just need to attack the debt and worry about the mortgage later. Probably worry about the mortgage later. Probably worry about the mortgage later. What's your interest rate? 3.75 on the 30-year. Yeah, I wouldn't fool with it.

I just sit where you are, and I'm not going to refinance it to a 20 anyway. I'd always refinance it to a 15. You know that from listening. And so I would do that only after you're out of debt, though. And you don't even have to refinance it to a 15 you know that from listening and so i would do that only after you're out of debt though and i wouldn't you don't even have to refinance it at 375 i mean you might get a three and a quarter you save a half a point it'd take you a long time to break even on your closing costs of that so you don't have to refinance a 30 to a 15 in order to pay it off at 15 you just pay it like it's a 15 okay pay the exact pay the exact amount extra in principle that you would need to pay uh to pay a 15-year payment

instead of a 30-year payment and it will pay off in exactly 15 years okay but you could do that after you get your baby step two and three done. Okay. Yeah, let's just go ahead and bust on the $46,000. So what's the $46,000? The $46,000 is a lot of stupid. I got a $15,000 car note, a $3,000 car note, and the rest is credit card debt, about $28,000 in credit card debt. Yeah. Okay, perfect.

Yeah, so you're ready to change then, aren't you? Yeah, I've had it. I saw my parents at 65 and 67 just take out a 30-year mortgage, and there's a good chance their mortgage is going to outlast them. Sure. So nothing against them. They worked hard for years, but I don't want to go down that road. They're not bad people, but you just don't want to live like that. No, absolutely not. So I'm trying to figure out the best way to really get after this. So we got obviously three kids, two are in private schools. So I'm going to sell everything that's not bolted down and get another job and get after it.

So as you're discussing all this with your wife, what's she say? She's, I would say about 50% on board. She understands that we need to make a change, but she definitely has the mentality of, you know, you only live once and I want to be able to take vacations and, you know, live in the interim. But I just keep harping on the fact it's, you know, hoping to be debt-free in 19 months, have that emergency fund in 23 months. So it's not forever, you know, it's two years of sacrifice for the rest of our lifetime of vacations and living like no one else. That's a proper way to view it.

Have you guys been through Financial Peace University? No, you haven't, I can tell. No, we have not. Okay. Why don't you guys go through as my guest? Oh, I'd love that. Thank you so much. If I give it to you, can you get her to go with you?

I believe I can, yes. Or the Lord can. I don't know if i can well he's powerful i can tell you that that he is i love it all right well you hold on we'll have kelly pick up we'll get you guys into financial peace university don't go without her because you'll stay mad at her the whole time so don't don't do that i only go if you can get her to go and uh because it's not good for your marriage to do this thing separately. And you have an uphill battle if you don't get her on board.

It's going to be very, very difficult. It's very, very few people have a 50% spouse participation and are able to hit their numbers. It's just very rare. So we've got to finish the whole discussion about how to dream again with her and get her moving in the right direction with you. So hold on. I'll have Kelly pick up. Kyle is with us in Alabama.

Hey, Kyle, how are you? I'm blessed, Dave. Thanks for taking my call. Sure. What's up? Hey, so my question is I've been, I guess, on like a baby step 4B, I call it, where I guess I'm investing. I'm actually maxing out my Roth IRA and my 401K and currently saving up as much as I can for a house.

I currently work in Georgia out of town, but I go home every weekend because I'm really involved with my church at home. And so I didn't know if I should keep doing what I'm doing, just saving up cash to pay cash for a house eventually, or if I should go ahead and invest in a house or a property at home or go back to step 3B and just keep piling up cash that way and stop investing. I'm fine with what you're doing. Just the only question is how long do you want to wait to buy a house and how much are you able to save a year towards the house? Right. So I make $115,000 a year approximately.

I currently have about $50,000 saved up in the bank. That includes my emergency fund. How much are you able to save a year towards your house? I'd say about probably close to $90,000 minus what i'm putting into investments no no you're not saving 90 000 towards your house making 115 right you're not even taking home 90 000 that's right yeah yeah so i would say probably i calculated the other day and it was $40,000. I'm sorry. That makes sense. Okay. That's pretty aggressive.

Okay. Right. And so of your $50,000 that you already have saved, how much of that is your emergency fund? I'd say about $15,000. Okay. So $35,000, and if we add $40,000 to it, that's $75,000. And if we add $40,000 to that, that's $105 we add 40 to that that's 105 or 115 what are you um what are you going to pay for your property your house i talked to my smart investor pro and we both kind of thought

200 000 to 250 would be around that range which would take you about five years. Right. Okay. How old are you? 24. Okay. And you're single? Yes, sir. I like your plan. Do it. All righty. And I just discovered a new baby step I didn't know I had.

4B. That's right. 4B. Yeah. It's not really there. You're really just on baby step seven because you don't have a house and you're just saving money like crazy is what it amounts to. But you got a goal. And it's amazing. When you have a goal goal there's this magnetic pull towards the goal that when you have a clearly defined goal when you don't have a clearly defined goal is there's this magnetic

pull towards stupid i mean we just end up when we don't have a goal we just wander along just lost end up in the mall buying crap you know but when you got a goal, you just have this tractor beam pulling you towards success. It's pretty cool. All right, Tim is with us, and Tim is in. No, he's not. He's going to be on hold. I'll come back to him after the break. Do what I'm supposed to do here in the right proper order.

Speaking of goals, Christy Wright's Business Boutique Goal Planner is out. The 2020 version, brand new. There's a limited number of them. We sold tens of thousands of these things last year. And this is the whole Business Boutique movement. You need to check out the Christy Wright Business Boutique Goal Planner at businessboutique.com or davramsey.com or talk to our Ramsey Concierge team at 888-823-888-22-PEACE.

I can't even talk. 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. Now it's Tim's turn. Hey, Tim, welcome to The Dave Ramsey Show. Hi, Dave, how are you doing? Better than I deserve. What's up?

I just had a question about retirement planning. My wife, her 401K, she's not able to contribute until about November, but we have been saving in the meantime so that when the time comes, our original plan was we would just take what we've been saving and live off of that and essentially dump 100% of her paycheck into her 401k until we're caught up and then drop it back down to 15%. But then we've also been thinking, should we just take that money now and put it into mutual funds or an index fund or invest it now so that potentially we might be able to retire a little bit early and not have to wait until 59 1⁄2 to start pulling that money out of the 401K.

So I don't know if you have any thoughts about which might be better. What's your household income? About $213,000. Yeah. So, really, there's two different issues, because the amount of money we've got right now to fund a – I mean, to fully fund a 401K is just going to be $19,000. That's not going to cause you to retire early.

No. So you can still work your plan of living off your savings and fully funding her 401K by the end of the year. And then in addition to that, say, starting next year, after you get through this little gyration you're going through, we're going to start doing some bridge investing, we call it, which means investing some money outside of traditional retirement plans so that I have some money to use before I get to 59 1⁄2. All right. Yeah, and I would just use low turnover mutual funds, like you said, probably index fund uh and that kind of thing that's actually what i've done a lot of and then i i occasionally empty one of those uh index funds and buy a piece of real estate i pay cash for but i'm a big real estate guy so you may or may not want to do that part but but i use index funds to save up for real estate and or to have money access to money that i want to do other stuff with before 59 1⁄2.

All right. Cool. Because I have a Roth 401K that I'm just putting 15% into. Is your house paid off? No, we're renting right now. Okay. We've had several discussions about renting versus buying, so we'll figure that out once we get this retirement investing thing figured out.

Yeah. I wouldn't worry about bridge investing until I got my home ownership issues settled. All right. Because that's going to be more important than getting that paid off. It's going to be more important than bridge investing for you. Yeah. All right. So, yeah, work your end-of-the-year plan, and then let's stabilize at 15%,

and then let's start talking about how we're going to own a house. Because renting is not a good long-term plan. It's an okay short-term plan while you're doing other things and having patients to do the right thing and that kind of thing. But you don't want to have a 30-year plan to be a renter because your cost of housing is going to go way up during that time. And when you own, you stabilize, you freeze your costs other than taxes and insurance.

But everything else is, you know, your biggest item in your budget is your home, is your shelter. And so stabilizing that long-term and actually making money off of it as a result is essential to your long-term plan. All right, Lee is with us in Tennessee. Hi, Lee. Welcome to the Dave Ramsey Show. Thank you for taking my call. My pleasure.

How can I help? Well, my husband and I um my husband just started a business and our original plan we started on the right track and we got derailed was to downsize our house and we would have had it paid off or almost paid off but the buyers on our house fell through and we ended up renting out the new house so now we have two house payments and within a regular income we have two kids in college and one in private school i'm just wondering we have a renter until april but i'm just kind of panicking now because things are really tight um i just wondered if you would recommend that we go ahead and try to sell. Where are you going to live?

Well, we have two houses now. I know. You have a renter in Wondell, April. Right. We could probably get the renter out. But that's the downsized house. Right. Oh, so you would move into that house, bump bump the renter and sell the one you're in

right which is back to your original plan yeah of course do that do that for okay well that was the original plan the only thing that happened is you lost your buyer right and you shouldn't have bought the other house until your house is sold right okay well thank you so much yeah just play through your original plan and uh if you can bump the renter out but if you got a lease you may you know you may end up an apartment until april but if you can get your house sold i'd get sold and let's just go ahead and finish to finish this it was a it wasn't a bad plan to start with the only thing that happened is you just freaked out because you bought two houses i mean you bought the second house before you should have,

before the first one was gone. And that's why we don't do those deals. End up with two house payments. And then you become what's known as a motivated seller. Yeah, I think we'll avoid that. Meredith on YouTube says, Am I supposed to use cash envelopes and sinking funds while in baby step two? Cash envelopes, definitely.

Sinking funds, not much. It just depends on what they are. A sinking fund is just simply a savings account with a name on it. Like a sinking fund would be a Christmas fund. Yeah, you do need to be saving for Christmas while you're in baby step two. A sinking fund would be I pay my car car insurance annually and so i need to be setting aside a 12th of that every month uh so that i don't get pinched on that later that would be one you would do while you're in baby step two a sinking fund is i'm saving up to buy my next car

you would not do that in baby step two so it's things you're going to that are part of your budget annually that you really can't get away from are your sinking funds. The cash envelopes are just a method of handling your cash. So just, you know, basically you say we're going to spend $800 on food at the grocery store this month, and $400 out of each check, we're going to put in cash in an envelope, and we're going to buy all of our groceries out of that grocery envelope, and we're not going to buy anything

else out of that envelope, and we're not buying any groceries with the credit card or the debit card or even a check. We're just going to use cash for groceries, and that way when that envelope's empty, you know you're through buying groceries. Same thing for clothing. And just a few of the other items, but we don't do everything on cash, but groceries is a really good one because people tend to impulse and overspend on groceries like crazy, and then it blows up the rest of their budget. And you don't really need a restaurant envelope in Baby Step 2 because you shouldn't be going to a restaurant in Baby Step 2.

You should be getting out of debt. Restaurants are not about food. They're about entertainment. And I love going to a restaurant just like everybody else, but it's a luxury. It is not a necessity. And we only operate on the bare necessities while we're in baby step two. That simple.

Hey, good question. Thank you for joining us there, and we appreciate you following us on YouTube. Open phones at 888-825-5225. April says, I'm 44 of zero in retirement. Is it too late for me to open a Roth IRA? Yeah, you're 44. Your life's over. You're just old.

You're not going to make it. What? Is it too late? It's not too late if you're still sucking wind, kiddo. If you're breathing, it's not too late. You just ask a 59-year-old guy if it's too late to do something when you're 44. I barefoot water skied last weekend. No, it's not too late.

Live. Live. And be wise and save money so that you can retire with dignity and have some wealth and some options when you're an old guy. Because you're not old yet. You're just 44. I got socks that old. This is the Dave Ramsey Show. Thank you. Matthew is with us in Oklahoma. Hi, Matthew. Welcome to the Dave Ramsey Show.

Hey, Dave. How are you doing? Better than I deserve, sir. How can I help? Alrighty. Well, I called you about two years ago about some college advice and I followed it and I'm in college now. Good. But I've hit a road bump that I'm not sure how I'm going to get over, so hopefully you can help me. So when my grandparents passed away, on my mom's side, my mom inherited the money. And what had happened was, is that the money they inherited counted as income.

And so for this year going on... No, no, no. Inherited money is not income. So I got a letter in the mail. So I'm from Oklahoma, and Oklahoma has a program called Oklahoma's Promise that pays tuition. And they said that because of the increase in income that... That's not... Inherited money is not income. I don't know. It not i do know so um i'll talk with my parents about that

about that and like tell them that you said that um i'll have to bring it up lightly your name is a bad word in my house and so like the the problem that i'm having is that I'm disqualified right now for aid that I get from the state. So my university costs about $23,000 a semester, and I got it up to about $4,300 and I'm able to go through college debt free. But the problem that I'm having is that losing this scholarship is I can probably make it till the end of the semester and then I run out of money for next semester. So you're not working?

So I am working, but the scholarship that I had, I made enough money to pay my way through the semester. But after losing about the scholarship... Did I understand you correctly when you said you have $4,300 that you need per year after losing the scholarship? Yeah. Okay. $4,300 per year. No, per semester.

Oh, per semester. Okay. Yeah, it's about $23,000 a semester, and i got it down to well after the scholarship lost 4 300 a semester okay so you need nine thousand dollars a year so you need to make a thousand dollars a month it's your job yeah and so um with the jobs that i have um i work about four i get and two is regular pay and then one is every quarter. But the problem is that I only have about $2,400 in my bank account right now. Is that like I don't have enough money income-wise to make it through the year, let alone the other two years that I have left.

Okay. Do you have a car? I do, but my parents won't let me sell it because it's still under their name. Okay. I wasn't going to sell it. I was going to have you deliver pizzas every night and make $1,500 a month. $1,500 a month solves this problem easily. Yeah.

That is sort of the thing, like I was thinking about it, but all of my professors are warning me against it. Unless your professors are going to start writing you checks i don't give a crap what your professor's opinions are yeah that makes a lot of sense their bills are paid they're under tenure yeah what are you studying like take out the minimum i need i'm studying instrumental music education okay yeah well listen if you want to go through school, you're going to have to have the money to do it. And the only place I know where money comes from, if it's not coming from scholarships, is work. And you're not making any money at the jobs you're doing.

So, you know, your professors want you to quit school? No. Your professors want you to go into debt? Oh, they don't care. They're used to everybody going in debt because they're in debt, and they're stupid. So, no. If I'm in your shoes, dude, I'm delivering pizzas, and I'm going to pay my bill and keep going. You've just about made it over the top of this thing.

You're almost done. You can see the light. You know, the good news is you don't have a fifty thousand dollar problem you have a five thousand dollar problem it's very solvable you can do that beautifully so good luck with it i hope you turn it around i hope you can go do it but that's what i would do if i were in your shoes andrew is with us andrew's in north carolina hi andrew welcome to the Dave Ramsey Show. Hello, Mr. Ramsey.

How are you? Better than I deserve. What's up? I have a quick question for you. I'm currently working Baby Step 2. I've got a vehicle loan currently worth $4,115.68. I've got enough money in both my savings and my checking account to pay that off, as well as my credit card, which is about $613.

However, I do have two other concerns, such as my Jeep does not have – I lost the key to it. And it's got to get electrically programmed. And on top of that, I still got to get my car insurance reactivated. With that being said, I'm trying to figure out whether or not. What does the key cost? The key is what, $200? The key is, I think, about $270. Yeah, I lost one on my Jeep one time.

That's what I thought it cost. Yeah. Okay. So you don't have enough money to cover $200 plus the debts? Let's see here. Just barely. I do have $1,000. Roughly $1,900 a month.

And how much is your insurance that you haven't paid? I don't have insurance as of right now. On your car? Right. I had it deactivated a while ago. And what does it cost to put insurance on your car. Right. I had it deactivated a while ago. And what does it cost to put insurance on your car? I don't know the exact amount premium. Last time it was about roughly $600.

Okay. I don't know about North Carolina, but in most states it's illegal to drive a car without insurance. Oh, no, I did have insurance on it for a time, but... No, you don't have insurance now, which makes the car illegal to drive in your state, does it not? No, no, right. I haven't been driving it right now. What are you driving? I don't drive.

I use Uber. My friends help me get around. I'm just saying that once... Okay, so how much money do you have in savings? $5,000. No, no, no, $4,000 in savings. Okay, and the Jeep is sitting in the driveway? Yes, parking lot.

Yeah, what's it worth? Oh, off the top of my head, I suppose about the same amount that the loan is worth. How much do you owe on the Jeep? The loan is currently $4,150. Oh, you told me that. You told me that. Okay.

So you're paying payments on a Jeep that's sitting there while you have $5,000 in the bank because you don't go buy a $270 key and $600 worth of insurance, go buy your insurance and buy a key and get your Jeep going, dude. Yes. Okay? And then let's start working your debt snowball. And let's pay off your smallest debt down to $1,000. And then you're not quite going to have enough by the time you do all this to pay off the Jeep, but you're going to put a big chunk on it.

And then really soon with your new extra job while driving the jeep to deliver pizzas you're going to pay the jeep off that sounds like a plan works for me dial it in baby you're just wandering through in a fog time to dial it in this This is the Dave Ramsey Show. Thank you for joining us, America. We're glad you're here. Folks, you think your kids have to go to college to be successful? Well, they don't. But it does help. If you study something that's actually usable, knowledge is a powerful thing.

And so going to college is a great idea. But getting a degree in left-handed puppetry and going $200,000 in debt is not a good idea. So study something that's useful and don't go into debt to do it. Anthony O'Neill's new book, Debt-Free Degree, will show you how to lead your kid beginning in the seventh grade towards a debt-free college experience the step-by-step guide to getting your kid through college without student loans this book comes out hits the street october the 7th about a month from now it's on sale now and you get 40 worth of items with it when you buy the book as a pre-sale bonus and so the e-book a bunch of videos of anthony the whole smart parent event with anthony and meg meeker the whole thing now here's something else

some of you can't even begin to think about paying cash for your own kids college because you're still paying off your student loans. So what we've done right now is we decided we're going to bundle Financial Peace University, our nine-week class, with the book Debt-Free Degree by Anthony O'Neill. Financial Peace University guides you through the steps to get your budgeting done, get out of debt, build wealth, so you don't have to worry about money. And if you get started on it soon enough and you get after it, maybe you can just pay for your kid's college, and that would just solve the whole thing, huh? That's called building wealth, in other words. Or maybe you've got teenagers and seventh graders,

and you're not going to be in a financial position no matter what you do to help them much by the time they get there, but you can put the book Debt-Free Degree with it, the step-by-step guide on how to get your kid through college without student loans. So Financial Peace University Debt-Free Degree, $139 as a bundle right now at DaveRamsey.com. Or you can call a customer care, the Ramsey concierge Team at 888-22-PEACE, 888-227-3223. The book, Debt-Free Degree, bundled with Financial Peace University, only $139.

That's obviously a sale by bundling them together. Check it out. Jackie is with us. Jackie's in Texas. Hi, Jackie. How are you? Hi. how are you hi how are you dave thank you for taking my call my pleasure how can i help um we have a house a condo in connecticut that we've been renting now for six years we refinanced it um a while back and we owe $115,000. It's on a variable rate. It will sell right now for

85. Now, I just found you probably a month ago. We paid off $95,000 in one year. We make $182,000. Wow. So I just found you because I'm very stressed out about owing. So my plan was, before I found you, to pay off my house in two years, which I have a little plan on my refrigerator for every month. I have $30,000 in the bank, but I want to pay off that rental because I feel it's draining me because we pay $350 for homeowner association. Wait a minute, do you live in Texas? Yes.

Why are you keeping a condo in Connecticut that loses money? I know because we owe $30,000. If we sell it, we're going to lose. Yeah, but that's the only reason you're keeping it? Yes. Okay, so is it going up in value or down in value in the last six years? It stayed there at the same place. So what do you think the next six years are going to do?

Probably the same thing. Yeah, so time is not going to heal this is what you're telling me. Basically. Why don't you just sell it and write the check and be done with it? But the $30,000 that I have is my emergency fund. Well, okay, let's save up some money then. You just paid off $90,000, so you'll be able to get there pretty quick. Yeah, I'd pay cash. I mean, I would save up the money and just let's be done with this thing.

I'd get it out of my life. I don't want you to lose $30,000, but it doesn't sound like you're going to be able to avoid losing thirty thousand dollars i agree then my other question was i just found you so my snowball would be to pay off my house like i really want to pay my house like now i want to just keep on living where i'm living and rice and beans because i'm actually vegan that's what i eat so I want to just pay it off. So I want to pay it off in two years. Cool.

And I also have a side job. So could I do that and not put investing money? If you can pay it off in two years and you want to do that, I would, yeah. But if it's going to take you any longer than that, then I would stop and start putting my 15% of my income into retirement. And I would dump this condo. Dump it. Yeah.

So you think I should do the condo first and then the house? Yes. You're awesome, Dave. I love you. Hey, honored to have you as a listener. Thanks for calling in. Jerry's with us in California. Hey, Jerry, welcome to the Dave Ramsey Show.

Hi, Dave. Thank you so much. I'm so excited to talk to you. You too. What's up? So I have been following you since my freshman year of high school. I was fortunate enough to pay for my school while working full-time, so I have zero debt. I'm currently single.

Wait a minute. Wait a minute. You paid cash for college? I did. I worked full-time. Are you cash for college? I did. I worked full time. Are you a real person? I had, yeah. I finished in four years, and I had class Monday, Tuesday, Wednesday, and I commuted

to an awesome job about four and a half hours away. And what's your degree? Wait a minute. You commuted four and a half hours so that you could go through college in four years and graduate without any debt? Yes, sir. How old are you? I'm 25.

You're incredible. What's your degree in? Business, management, and sales. Goodness, you need to move to Tennessee. I want you on our team. You're incredible. Oh, my goodness. Hey, keep me on the line.

I would love that. Man, amazing. I'm currently bringing home about $150,000. I just this past year started a public relations company that's been very successful. Why am I not shocked? So my question is, I'm currently looking at starting funds for future children for college, but I actually also want to send my kids to private Christian school, and I wanted to know if I should instead make separate accounts, or if I should just start piling in for the future

kids and just pay as I go, if I want them to go to a private elementary and high school, or if I should invest it and then pull that money out when I need to start paying for elementary and high school. Wow. Well, yeah, you need to just pile up wealth. Just build a big pile of money, and then that gives you the options to do whatever you want to do. You're not married, and you don't have kids, and you're already planning this, right? Yes, sir. Because you're that girl. Oh, my gosh, you are impressive.

Yeah, absolutely incredible. And you're making $150,000. I'm bringing home around $150,000. You're a freaking rock star. Absolutely amazing. Well done. I bet your mom and dad are just busting out proud. Oh, my goodness.

They're both entrepreneurs that went from trailer parks to self-made millionaires. So it's really cool to hopefully carry that on. Wow. I don't think there's any question. I mean, there's nothing stopping this force of nature. So, no, you'll be fine. Yeah, I would just build up wealth, just, you know, build you a big pile of money and mutual funds and whatever, and you're going to have plenty of options for your kids' uh whether it be before college or at college either one so absolutely amazing

you know that reminds me the old motivator earl nightingale he was kind of the grandpa of the motivational speaking world he kind of before there was zig ziglar there was earl nightingale right and um earl to say, the problem with hitting your goals is not what you're willing to do to get to your goals, it's what you're willing to give up. Did you hear what she did? She drove four and a half hours. She went through school in four years.

Graduated with a degree in business. Paid cash for it. She's willing to pay a price to win. And it's a pattern in her life that will be replicated through every part of her life. Her marriage, her parenting, her business

skills. Every bit of it is going to show up that way. People who know how to pay a price to win, they have this strange way of ending up winning. Wow. Absolutely amazing. I love this show. This is the Dave Ramsey Show.

Hey, it's Kelly, associate producer and phone screener for the Dave Ramsey Show. This episode is over, but if you heard about a product or service and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.