The Ramsey Show - App - Here Are the Facts About the Bank Failures (Hour 1)

Episode Date: May 10, 2023

Dave Ramsey & Dr. John Delony answer your questions and discuss: "Should I move to be closer to my son?"  Here are the facts about the bank failures and why fear is contagious, "My husband and I disagree on buying a new car", How to handle debt in collections, from the blog: How to Deal With Debt Collectors When You Can’t Pay Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving, and storage studios, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Dr. John Deloney, Ramsey personality, host of the Dr. John Deloney Show and number one best-selling author, is my co-host today as we take your questions about your life and your money. Open phones at 888-825-5225.

Chelsea starts this hour off in Mobile, Alabama. Hi, Chelsea, how are you? Hey, Dave, good. How are you? Hey, Dave. Good. How are you? Better than I deserve. What's up? Well, thank you so much for taking this call.

It really means a lot to me. I actually sent this question after watching y'all's SMART conference in Nashville a few weeks ago, and it just meant a lot that y'all reached out to have me ask this question live. So I guess I'll get right into it. I've been working the baby steps since 2019. I've paid off $32,000 worth of credit card debt in my car. Good for you. Hope to never have a car note.

Yeah, thank you. Hope to never have a car note ever again. I still owe $72,000 in student loan debt. I currently rent in Alabama. And my husband, I'm married. My husband lives in Maryland, and we own a house in Maryland. He works for the railroad and he hasn't been able to find opportunities equivalent to what he has right now in Maryland. Long story short, I lived in Maryland for five years. That's where I met him.

I'm a person in recovery from substance use, moved away to get well, and then moved back closer down south to where my son from my first marriage is. So that's why we're living separate right now because my son is down south. So my question is, I'm looking to get closer to my son in Mississippi. He lives about an hour and a half away from me. And like I said, I currently rent the town that he lives in very rural and there's not a lot of opportunities to rent. There's nothing available based on the four calls that I've made. It's like I said, a small community. So my husband and I are considering looking to purchase a second home for me in Mississippi near where my son is. And this would require us to go outside of the baby steps. And we're just trying to weigh all of our options here. And I feel like I'm in a race against time to spend more time with my son while he's, you know, at this stage of life.

He's 12. And right now I only get him every other weekend in the summers. So, um, yeah, that's, that's kind of where we're at. Just trying to weigh all of our options. It sounds to me like you are trying to do everything all at once. Yeah. Yeah. It's, it's been a struggle. I mean, I feel comfortable renting, you know, I'd be fine to rent if I were closer to my son. I'm not talking about money. I'm talking about you're trying to do a long-distance marriage.

You're really right now trying to do long-distance parenting. And you're trying to clean up your finances. And you're trying to stay sober. You're trying to do a lot of stuff all at the same time. And I'm afraid all this is going to implode on itself. You're asking a lot of you. Yeah. Yeah. It is a lot. I mean, it's too much. I feel, yeah, I feel like, you know, if, if I could get in a second house and to say to my husband and I don't combine finances, at least not now, we're not against it. We just us living separate. It's just made

sense for us not to put our finances together. And may be wrong you know maybe let me stop a second because yeah i i appreciate that you need to be near your 12 year old yeah but you need to be near your husband more yeah it's more important yeah and there's nothing in this conversation has ever ended this fact that you're in two different cities. I've never one time have I heard you all bring this to a close. It's almost like it was going on forever, the way you talk about it. You guys don't have a plan to land this plane. And that's bothering me more than anything you're asking about. I've been married 41 years.

And somebody asked me the other night how we've been married 41 years. It's because I told Sharon if she leaves, I'm going with her. I couldn't stand to do what you're doing. I would be a complete wet dishrag wimp. I couldn't do it. I couldn't make it. She says if she dies, I'm going to get remarried in about 30 minutes just because I can't make it. That's what she says, and she's right.

I can't get my head around know, that's what she says, you know, and she's right. You know, so I don't understand. I can't get my head around what y'all are doing. Well, I work from home, so I'm able to see him. Like, we make plans to see each other every six weeks where I stay with him for two weeks and then I'm back home. That's not marriage. That's a fun weekend dating opportunity. Yeah.

This is not a good plan, honey. And if you buy another house, you're cementing yourselves further apart. Yes. Yeah. This is not a good plan, honey. And if you buy another house, you're cementing yourselves further apart. Yes. Yeah. Well, what would be the solution? Like if I lived with, you know, having my experience in substance use and mental health, like what would, would it hurt my son for him not to have his mom full time? You know what I'm saying? Like, it's just a temporary thing that I'm wanting to spend this time with my son until he's grown, you know? Well, it's only six years. Like for the next five years.

Yes, five to six years. By then, your marriage is dust. Yeah. And it's not so much of a marriage right now. Let me put it this way. I know firsthand people close to me that I love and care about who are married to the railroad. Okay. If my wife said I have to leave this town in order to stay sober and be mentally and physically well, I don't care what my job is. I quit. I'm going to go with her. And so right now, as far as I'm concerned, he is choosing he's married to his job more than he's married to his wife.

And you're married to a 12-year-old more than your husband. Correct. Yeah. And so what you're hunting. No, I would not buy a house. No. You guys got to solve for this. He needs to come down there and y'all buy a house and sell the house in Maryland.

And until that's done, you don't buy. That's what needs to happen. Or you need to go back to Maryland, and you need to spend the money you would have spent on the house on airline tickets to come see your boy or more often. He needs his mama well more than he needs a stretched, thin, barely hanging on, barely sober mom coming to see him. Yeah. Yeah, it's hard for me to imagine going back to using.

I mean, August will be 10 years that I've been clean and sober. Way to go. I'm proud of you. It's awesome. Thank you. Thank you. Yeah, it's hard for me to imagine going back to using. I mean, August will be 10 years that I've been clean and sober. Way to go. I'm proud of you. It's awesome. Thank you. Thank you. Thank you. Yeah, it's hard for me to imagine going back there.

But the thing is, you don't want to. There's no point in creating all these stress points. That's what John's saying about you being thin. Yeah. Yeah, yeah. And you're right. Yeah. Somebody needs to give up something here to get a more sane life situation.

And only then do you make the decision to buy. But no, cementing the separated marriage by you buying a house for six years. No, no. Yeah, I would make a very clear within 90 days, within 180 days, we are living together. Some way or another. Right. What's that look like? How does that happen?

And you may have to deal with an ugly reality. An ugly reality where he says, I'm not leaving. And then y'all are going to have some hard choices to make and some hard decisions to make. But just pretending that those hard decisions don't have to be made is just making you both crazier and cra you both crazier and crazier and crazier yeah i'm sorry honey yeah i hate how you're going through all this yeah and i love i love how you want to be there with your son and i think that that is it is important um

and there's other ways to accomplish it rather than buying a house and uh in a town because you haven't been able to find a rental. But I don't even want you finding a rental. I want you guys to solve for how we're going to be together and how we're going to serve the 12-year-old. And I think it's important, Dave. People call my show all the time asking about, you know, what do I do, how do I deal with an anxious kid,

or how do I deal with a kid that's struggling with depression? The number one answer I'm always going to tell parents is you go get well because your kids are absorbing that stuff. You go take care of you, make sure you're whole and then circle back and start trying

to solve your kid. It almost always, not always, but almost always begins to lift that child up when mom and dad are whole.

Not a 12-year-old on the planet that doesn't look at this marriage situation and go, huh? Right. This is The Ramsey Show.

Dr. John Deloney, Ramsey personality, number one best-selling author and host of The Dr. John Deloney Show, is my co-host today. His show is all about relationships, mental wellness, boundaries, crazy family members, all that stuff. Yeah, it's all in there. And we all have crazy family members. If you think you don't, that means it's you. Just keep that in mind, all right? That's how we know this, all right? And, John, lately I've been getting, like in the last week, I've gotten five emails from prominent people that I am friends with asking me if the banks are going to collapse.

And these are people that I would have thought, wouldn't have thought that, all but one, and he pretty much believes all the conspiracy theories, but yeah, or the world's coming to an end or whatever, and it's all Joe Biden's fault and all that kind of stuff, right? But the other guys are like, I'm like, you're, really? Really? And I have to send them a nice email back assuring them that we're okay. And Warren Buffett comes out this week and says Berkshire Hathaway, his company's annual meeting,

he suggested fear is contagious and consumers' fears about the safety of their banking institutions are making it hard to respond to the crisis effectively because the people in the banking world and in the government have done such a poor job of messaging what's really going on that was buffett's point and it's it's causing fear to be contagious now we ran into i think during COVID, that fear was more contagious than COVID was. Correct. And more contagious than the fear was the financial incentive for media companies to spread fear. That's how they get paid. And so I think he's calling out something that's really important.

We're herd animals, so fear is contagious. That's how we've survived as a species. If somebody starts running, we all just start running with them, right? But if you have an entire banking industry, an entire media industry, an entire – everybody telling you, run, run, all the time. I went out the back door the other day. There was five deer standing there, and one of them got spooked, and the other four are going, we're running, but why are we are we running why are we running we don't know why we're running the other guy's running so we're running yes that's exactly what we're doing

i was cracking up we like to think we're sophisticated dave our brains are operating at that level when we are scared we're running but i don't know why i don't know why we're running why are we pulling everything's going to go we're're going to die. We're going to die. I think he calls something out important here. It used to be, up until very recently, you had to get in your car and drive down and look at your banker and say, I want to take all my money out. And they would say, that's dumb. And they could calm you down. Now I can just go online with the glow of it and pull it all out.

And so he is right. There is this moment now when we can all be stupid and there's no guardrails on our stupidity yeah right yeah and so i i i'm calling dave i i'm almost begging there has to be some group of people that are running the news stations that have to have a moment of conscience to say we've got to stop and i know it sells tickets i get it but we've got to come up with another way sells tickets i get it but we've got to come up with another way than just trying to get people to panic because it's going to run us all off a cliff it just is the fear porn the fear off the media is driving this and fear is contagious

so other than getting the media to behave because i still think they're probably going to yell at us that we're all going to die of a tornado by nightfall but um you're gonna die it's just god it's hilarious i'm gonna yeah probably not um probably not gonna die and if i do guess what i'm dead and then ta-da whatever yeah but um i'm going with this i'm sticking with it so yeah the if the media is not going to turn off the fear porn, fear is contagious. Correct. How do we, what are some things that the typical person can do to calm and go, wait a minute. So I think I've talked about this with you privately. When I was in 2008, 2009, 2010, when the other banking crisis happened and I was just anxious out of my mind, I sat down with a guy who works in banking and I just hammered him, hammered him.

And he got me to a point, the facts are your friends, facts are your friends. Here's what he said. He said, John, if you take all of your money out of the bank and all of the banks implode, your money is absolutely worthless. And his quote was so fantastic. He said, your neighbor will be coming over to hunt you for your water. It's a different ballgame. So the idea that you're going to save yourself by doing a thing is false. It's not truthful.

It's not a fact. So the greatest thing you can do is leave your stuff alone. Leave your stuff alone. And that's just, again, looking at facts. I think the answer to if it is fear contagious, how do you keep from catching it? One is you just take a turn off everything. Yeah. Turn off the stupid television.

But the news channels. But the second thing is facts are your friends. Right. Okay? And everything that's on the Internet is not a fact. Correct. Everything that's on the Internet is not true. Abraham Lincoln said that.

Okay? So, you know, that's, you know, so you know that these things, so just because your conspiracy theory friend, Rachel Cruz, says that this is going to occur does not mean that it's actually going to occur. As a matter of fact, it's a high probability if your conspiracy friend's thinking it's going to happen that they're wrong. Correct. Very high probability. Correct. And taking the facts of your friends, take it all the way out. You have $25,000 in cash in a box, and the U.S. banking system implodes. That will be good for kindling, right?

Kindling, yeah. You can start a fire with it. You can start a fire with it. What are you actually going to do, right? Exactly. And so hang in there. There's a whole bunch of other people that have way more money that have a vested interest in this thing working out so be still and be slow and turn turn the the chaos off your off your devices um so number one is stop your inputs uh whether they be conspiracy theories or media channels this number

two is sit down and calmly think about and even write down what the real facts of the situation are, not what the rumors or the emotions are, because the feelings will lie to you. Right. And you have a supernatural ability to do this, Dave. I don't. I have to call a friend that I trust and say, hey, man, I'm spun up on this. Can you give me some wisdom? That's what my buddies are doing to me, I guess. And I've got their email on me going oh there's another bank failed are we going to no we're not it's just a bad bank i mean and you know and there's some stupid people in the banking world here's the thing i have observed this and here's a fact for you out there if you're worried

if you are got a little of this uh you caught this contagious fear bug okay here's a fact for you out there. If you're worried, if you got a little of this, you caught this contagious fear bug, okay? Here's a fact for you. I've noticed that you're going to love this from higher education. Financial downturns run on this rhythm in this cycle when the current crop of mbas gets to 38 years old and has no memory of the last stupid stuff they repeat it and calls the next one correct and so there's a rhythm they don't have any institutional memory because they don't have a memory they weren't there when we survived 2008 so now here we are eight years later you know and six years later and now we're on that rhythm the people that didn't okay i survived 2008 i made a lot of money

in 2008 when everything turned down because i bought a lot of stuff while it was down real estate and um mutual funds both were down was a great buying opportunity and everything i bought in those days has doubled and so yeah i made a ton of money yeah and so my institutional memory is long because i'm old right and but but you know the the people making stupid butt, like loaning people money to buy a house who are broke. When broke people buy houses and we sell them millions of them, you're going to break the economy. Correct. Because they can't pay the bills.

Stupid. Correct. You know? But when you get a group of people who don't remember that from 2008, they're going to do it again. Because that new crop of MBAs turns 38, and they don't remember the last one they they replicate the problems and that's a lot of what you're seeing with these bankers right now

they're stupid but horrible practices in a particular bank because they don't because a 38 year old that doesn't remember 2008 wasn't functioning in their role in 2008 is now making the similar mistakes and that's what's happening. So you're okay. We're okay, people. It's the normal rhythm of dumb butt MBAs. This is The Ramsey Show. Dr. John Deloney, Ramsey personality, number one bestselling author,

host of The Dr. John Deloney Show is a podcast on the Ramsey Network make sure you check that out he's my co-host today open phones at 888-825-5225 angels with us in des moines hi angel how are you hi how are you guys better than we deserve what's up um so um i love your plan by the I, I don't have five financial peace university, but I have been following the steps. Um, I started in September, um, and I got my, um, thousand dollar emergency fund and I've actually been able to pay $25,000 off in the last eight months of debt. Way to go. That's awesome. Angel. Yes's awesome angel yes yes um ten thousand of it was um a gift my grandpa passed away and he left each of his grandkids ten thousand dollars and i decided though even though it wasn't fun and it wasn't something super meaningful

i decided to put just throw all that at my debt. And I knew my grandpa. My grandpa hated debt. So he's smiling then. How can we help today? Yeah, so my car is paid off. I drive a Acadia. And we still have a little bit of my husband's truck loan. So we only have one car payment.

I'm about ready to pay off my last credit card. And then we have a small truck loan. So we only have one car payment. I'm about ready to pay off my last credit card. And then we have a small personal loan and the rest of my husband's truck. And unfortunately, this past Sunday, we got caught in a hailstorm and it really banged up my car. My windshields cracked shattered and tons of hail damage and so we've taken it to the adjuster and to um insurance and all that we haven't actually heard back yet but he wants me to get a new car who the adjuster oh i'm sorry i forgot to say my husband my husband. Well, you're going to have to get another car probably, aren't you? Well, no, it's drivable. Oh, okay. But you think the Hales totaled it?

Because it was crappy anyway, right? Well, it's not crappy. It's a 2014. I mean, it's a... Okay, what's it worth? I'm honestly, I'm not exactly sure. Well, you need to find out before you start negotiating with an adjuster. Right, right.

I'm thinking it's probably before the hail damage was worth about $10,000. Okay, if they total it, then they're going to give you a check for $10,000. Why would you need a loan? They will. Well, because this is the thing. My husband, my next car, he wants it to be like a tahoe or you know something we have three kids yeah but you're broke and getting out of debt where did he i thought so now i understand why you said i paid off all the debt i did this i did that because he's sitting on the

sidelines not involved in this plan yes he's trying no he's not no he's not he's a whiner he just likes nice things no we all like nice things but only when i can afford them that's the difference in a child yes yes and you've been defending him for a long time haven't you well and here's like i don't want to put all the faults on him because i use i mean i'm part of the reason we've been in credit card debt like you're the only reason you're getting out that's the truth like i i put my foot down in september i last september i turned you remember that foot you put down you remember that when you remember that time when you put your foot down yeah Yeah. Okay.

You need to use that exact same motion again. We're not taking out a loan to get a Tahoe. Yeah. And here's another one when you put your foot down. You and I are going to sit down and get on the same page on money. I'm not going to drag you. I'm not your mother. I need a man walking beside me, not a little boy who wants to buy things he can't afford.

I've got to have some teamwork going here. I feel like I'm dragging you around behind the car. Yeah. That's your other foot going down. And if you guys can't get on the same page, spend a little money on some marriage counseling. Yeah. Because here's my promise. If you're not on the same page here, there are other things in your house that you're not on the same page for.

True or false? True. True. Guaranteed. True. Yeah. So the thing is this. When you can agree on your money, you've agreed on your life.

That's how John knows that. Because your money always flows away from your fears and towards your dreams and so you have to agree on your dreams and agree on your fears and agree on a process that the principles of money that are going to get us there the principle and so you know the when we're not in agreement on those things then you know we're not in agreement on hardly anything it comes it shows because the money disagreement shows up in all the other conversations right so listen your marriage is going to get like five million times better when you guys are in agreement on what you're doing with money because it's gonna it's gonna filter into all these other areas and i don't buy the argument for one single second

that just because you have three kids means you have to buy a land tank. By the way, I love Tahos. I love them. They're an incredible car. You cannot afford one. I'm in a minivan. You can't afford one. Well, if you can find one for $10,000, that's okay.

Right. Or if you want to be a gangster, drive your car that's drivable, that looks ridiculous and looks awful, drive it around until you've paid off your debts. Well, this is what I was wanting to do. And you tell me if you think it's a good idea. But obviously, I need a new windshield. But other than that, the dents are just like cosmetic.

I would like to take whatever money we get from insurance, whether it's totaled or just whatever it needs to get fixed. I want to take, after I buy a windshield, I just want to take that money and throw it at our debt. How much debt have you got left? So, like, I have $2,000 left, and with my snowballing, I will be able to pay that $2,000 credit card off this month. Okay, not counting this. Okay, how much other debt have you got?

How much is all around your truck? Truck is $15,000. Oh, no, no, no. No, that was what it was in September. Truck is $12,000. And then our personal loan, which this has been years and years of us going into debt and then getting out of debt so this personal loan was through our bank to help us pay off debt and we said we'd never get how much credit card it's 12 okay so you got 12 on the truck 12 on that and

you're getting 10 what's your household income household income i'm self-employed i i'm a i own a salon so mine what's your household income sorry it's between eight thousand to ten thousand a month give or take his is consistent mine is a little different so full stop if you are if you two were actually on the same page you could drive this beat-up car for just a couple of few months. Before Christmas, you would be 100% debt-free. And then you would save up and buy a better car before Christmas. But you've got to be on the same page for that to occur. And your momentum, the speed at which you're doing this is slowed down by your lack of agreement.

I think so. Oh, I know so. It's what I do. 100%. Yeah. Yeah. So if you guys can sit down and get on the same page, I'm with John. I'd go gangster.

But if you're going to have to drag him down the street with this thing, I'm probably going to go ahead and get a car because it's going to take a while. But if you can go gangster for four months and you guys get on beans and rice you can with ten thousand dollars towards your twenty four thousand dollars worth of debt that only leaves 14 you make eight a month we're going to knock that out really fast yeah but you're going to have to be on the same page and say we're not going out to eat and you have been we're not going on vacation and he has one planned this summer and so on and he can't buy you a tahoe at christmas

and think he's doing you a favor with a loan right ever again no more we're done so yeah if you guys can get on the same page that would be what we would do at the ramsey house but the the point being all of this other stuff is going to fall in line, all this money stuff and all this debt stuff, and it's going to march right down the street really, really fast once the two of you are on the same page. But you're pulling against each other right now. You're using all your energy doing that.

And you really need to sit down and do this. So I'm going to give you a financial peace university. The only thing that is required, if I give it to you for for free is you have to make him go through it with you. And I'll convince him because it's what I've done for 10 million people. This is The Ramsey Show. Dr. John Deloney, Ramsey personality number one best-selling author is my co-host today phone number here is 888-825-5225 so john it's been about a year since own your past change your future came out and was the number one bestseller that's right it's um it is out and

um since it published i've gotten tons of calls from people asking for private counseling sessions. And I can't meet with one-on-one with everybody. It's not possible. And that's why we wrote the book. The book is really just you and me sitting across a table, eating and having a meal and trying to figure out what we're going to do next, right? So it's practical advice and encouragement on topics like relationships, overcoming past hurt, healing from traumas. You may not even know you experienced. And as you read through each section, I'll show you how to learn from what happened in your past so you can start focusing on what it means to live well. And Dave, this is awesome. One of my favorite things is when you decide to sell our books for cheap. And we're included.

This is the first time ever that Own Your Past, Change Your Future is a part of the $10 sale. So all the best sellers, Own Your Past, Change Your Future, Redefining Anxiety, plus all the questions

for humans conversation cards are $10, just $10. And Dave, I checked in with the guys yesterday and they're like, dude, questions for humans

are flying out of the building. Yeah, we can't keep them. But Own Your Past, Change Your Future is $10 for the first time ever. So get your copy of Own Your Past, Change Your Future today or any second edition questions for humans cards for $10 at RamseySolutions.com. Check it out. Check it out.

Phone number here, 888-825-5225. Joyce is in Philadelphia. Hi, Joyce. Welcome to the Ramsey Show. Hi, Dave. Good afternoon to you and John. You too. How can we help? I've been doing the baby steps since

before they were a thing, I guess. Happily retired at 62, married, children grown out of the house, house is paid for, we have no debt. My husband is very mechanically, electronically, he's like a wizard when it comes to anything that's electrical. So we cut the cord with our internet and wireless provider,

and they sent our last bill to collection. And I've never gotten a collection letter, and I want to tell them, can you guess who it is? It's in Philadelphia. It starts with a C. I want to tell them to go pound sand. Their service was not that bad, but breaking with all right it's comcast i have a file on breaking up with comcast oh there are entire websites devoted to breaking up with comcast

there are classes taught on breaking up on how to it. There's probably in some university near you a college degree on how to break up with Comcast. How much is the debt, Joyce? It's $245. Pay it, Joyce. Joyce, pay it. Can I ask you how much, how close are you to an actual stroke?

Well, shouldn't I at least call an offer than half? Joyce, your soul is worth more than $200. I know. It is keeping me up at night. Yeah, you're trying to convince the devil that he's not insane. And the devil's insane. Trying to convince Comcast that they have bad insane and the devil's insane trying to convince comcast that they have bad business practices is the same thing

shoot i thought well what if it goes to like are they going to ruin my credit just pay us just give them two hundred dollars just pay them think about this you wake up tomorrow and you don't ever think about it again you're the only person on the planet that cares about this $245. Nobody over there at Comcast cares at all. Not one second of their life. They don't care. You're dying a slow, sad Comcast-y death right now. You would spend $400 on a great massage at a resort.

No, I would not. That's why I'm thinking you and retired with a half a million dollars in the bank. You need one. You need two, Joyce. You need a spa day. Hey, listen, I understand. I'm a redneck hillbilly, and we carry grudges generationally, so I choose some things to fight to the death.

$245 with Comcast. It is a never-ending whirling derbysh. I would not. I would write the check and be done with it. Don't worry about the fact we went to collections. It doesn't matter. You're not borrowing money anyway, and you're not dealing with them ever again. And believe me, they just lost more than $5 dollars in the last uh minute and a half

because 22 million dollar 22 million people heard this conversation most of which are nodding in agreement so you know it's just um what a horrible they're i mean they have a really bad i didn't know i didn't know it's like iconic it really is i mean there are websites devoted to how bad they are it's they're just their worst yeah i mean when i was a kid it was uh mall bell you ever hear that oh no i was born in the age of electricity what is mom bell that was the phone company okay ma bell were they terrible to break up with you well they were the only one you couldn't break up with him there was nowhere else to go tin cans and strings were your only other option or a possible morse code wire but yeah you could send a wire but yeah

no i mean it was you're stuck with it and uh the it's the reason that there was a monopoly breakup of the Bell Telephone Company, named after Alexander Graham Bell, who invented it, and so on. So, yeah, the monopoly created a horrible service, and we got the same thing here. So, anyway. Hey, listen, I remember I had a medical bill. I remember I'm on record because they said, I'm recording this. I said, is this all I will ever have to pay you if I pay you cash? And they said, yes. I said, do you promise? To the point that my wife was like, John, stop. You've asked like five times. And then I got a bill for 170 bucks. That was it. I got so mad. I said, I'm never paying this. And that 170 turned

into more and turned into more. And then i found out my wife paid it and i got so mad but then i just was able to sleep i stopped getting the bill it's fine so i gotta have one we're doing what's too stupid tax hour right now yeah so my buddy rented a car and um i won't say the city but it was in a foreign country in some cities that are highly populated now you have to have a a special sticker to go in the inner city you pay extra to be able to drive in the more congested areas and if you drive in one of those more congested areas without it they have cameras that will take your picture without the sticker and they will send you a bill for every time you went down that street so my buddy's like driving a rental car

and he's like oh i'm going in there anyway forget it i'm rules don't apply to me so he drives down the street drops his wife off at a shop and drives around the block six times oh got six tickets for 50 bucks three hundred dollars right and didn't want to pay it and uh by the time he finally got around to paying it it kept doubling and it was like four thousand dollars yeah and he's like there's a warrant out for his arrest in that country if he doesn't do that he showed them good job yeah it's just yeah that's drove around the i mean he not only got the ticket he drove around the same block and kept getting the same camera six times that's the best part of the story yeah so we all have done stuff like this um you know and uh there's you know i don't know if you actually owe the 245 joyce you probably don't

but it's you're going to spend eight thousand dollars worth of worry and man hours and stress trying to find someone that cares and that is competent all in the same body that works at comcast these three things together don't come up much they just don't come up much they care they're competent and they work at comcast all at the same time they don't come up much so we call them the chances yeah they're a unicorn the chances of finding this are fairly low i would just pay it and move on i hate it it makes me mad too it's not right it's morally wrong that's why we're trashing them but yeah you're stuck you're stuck kid You're stuck, kiddo. Wow. Uh, yeah, you got to clean these things up. And, uh, these things have a high rate of resurrection as less parrot says on other things. If you don't

fix them, they just keep coming back to life. Like my buddy going around the block. Same deal. That's the funniest one. This is The Ramsey Show. Hey, it's Dr. John Deloney. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter that gives you trending and helpful articles and tips on following the Ramsey way. Just go to RamseySolutions.com today to sign up for our newsletter. Again, that's RamseySolutions.com to sign up for our weekly newsletter.