The Ramsey Show - App - How Can I Budget on an Irregular Income?

Episode Date: May 16, 2022

Dave Ramsey & Ken Coleman discuss: Budgeting on an irregular income, How to stay sane when the market gets wild, The best way to buy a piece of land, Dealing with doubts around a new job. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

I'm Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. This is the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, Ramsey Personality, host of the Ken Coleman Show where he helps people find and do work that they love every day is my co-host today.

Number one best-selling author, Ramsey Personality. Open phones at 888-825-5225. Jackson starts the hour off in Tampa. Hey, Jackson, how are you? Hey, I'm doing well. How are you guys? Better than we deserve. What's up? Yeah, so my wife and I have never really used an actual budget.

We've always just kind of, we've got a fairly high income. We spend what we want. And then I've got all of my investments and everything on autopilot. And so it's sort of just, we just kind of float. And every so often I have to pause an investment or two to cash flow something. But for the most part, it seems to work. Um, but I feel like we're getting a little bit financially flabby as we are, um, making a little bit more income. And so I'm just curious if, if an income is, uh, kind of goes up and down, um, based on seasons and things like that, how do you, how do you budget, um, do you budget for the future, uh, or the money that's coming in for that month or the

money that came in the past month okay great question so let me back into this and start with your last question first um you always are predicting this coming month and your job there is to give every dollar of this coming month's income an assignment. Every dollar has a name. That's why we named our app EveryDollar. And it has become the world's best budgeting app in the process, so you might want to try it. But what you're doing is you're assigning.

It's called zero-based budgeting. And we're predicting our income for the month. Now, at the beginning of a month, 24 hours, 48 hours before the month begins, how accurately can you predict that month's income? It's tough because what we do is we run an Airbnb business. You've got bookings. You've got bookings or you don't. It's the first of the month.

We do have bookings, but it can increase. It can, but the vast majority of your stuff is already on the books before the month begins, dude. I would disagree with you on that. So you're saying everybody on Airbnb rents last minute? No, not everybody, but I would say 50% of the people do. Really? I could, yeah. I say 50% of the people do. Really? I could, yeah. I'm shocked.

It's pretty wild. We've been doing it for about two years, and that's kind of what we see. Okay. And that's your whole income? No, sir. I also have a part-time job where I bring in about $55,000. Okay, so that's predictable. And 50% of the Airbnb is predictable.

And the other 50% is somewhat predictable just based on patterns. Yeah. Like you can say last April, I mean this April, last May, this May, May generally does this versus February might be different because you're probably, I mean, you're in Tampa, Florida, so you probably got some seasonality to the stuff, right? Correct, yes. Okay, so you can say this month I've already got this much on the books,

and of the portion that's not on the books, I can predict something. So you can get pretty close. You're pretty close to your income. So give every dollar an assignment. Now, the second thing I would tell you is this. If you hired someone and their job was to manage money for you, and they managed money for you the way you've been managing money for you, you would fire them.

Oh, for sure. That's why I'm looking to start. All right. So, yeah, you need to get detailed because, like, I just came out of budget meetings a few minutes ago here at Ramsey, and I was just looking at the budgets of the different departments and the different profit and loss areas, and they're supposed to predict their revenue and they're supposed to predict their expenses, those people that are running those areas. And if they came in and said, well, you know, I just kind of got a feeling, I would fire their butt after a while, right?

I mean, you know, so it just wouldn't work that way. So that's the thing. So you're smart to get on top of this. So start treating your personal finances like a business in that sense of it's my job, and I look at it as a Christian. I go, it's my job to manage God's resources, and if I am trustworthy with those resources, I'm worthy of trust based on my diligence, the diligent will prosper. Those who are faithful with the little things will be given more to manage. And so you'll start to dial

this in and really get it right. And Ken, it makes a big difference when you've got that done as far as the way you feel. Well, there's no question about it. And the thing that I would say to Jackson is that budgeting is a skill. You learn to do it better over time. I would start with conservative budgeting. A lot of people get themselves in a lot of emotional trouble and a lot of financial trouble when they're too aggressive on their budget. I would be very conservative, budget way than you think you know and learn this process and really dive it in month to month certainly when it's a business uh because it is

a skill you acquire over time as you begin to analyze the numbers behaviors the market and you're going okay every time you miss it you get a little better at it yeah absolutely i mean when you're just doing your own personal budget it takes about three cycles about 90 days to get it down your first month you suck yeah and embrace that yeah embrace it it's going to be a process it's not going to be it's going to work not going to be easy that's a good thing and you know what that brings up a good point to being conservative now that means on if you're predicting revenue like in his case okay that 50 that's not booked you know we're not going to over predict that and be zealous but we want to be as

accurate as we can the second thing in your personal budget everyone out there here's one thing we've told people for years in financial peace university and it's very true you spend more on food than you think you do that's true and so whatever you thought you were spending on food uh when you do your first budget you're wrong you're going to determine you know and if you put oh we live on 200 no you don't no you don't that's just bull by the way it's really easy to do this when you have two teenage boys i'm learning yeah 14 and 16 dave i'm in uncharted territory they uh they are they causing all the food shortage personally i would say the coleman family there's a high rate of uh consumption. Oh, man, these kids.

I forgot what my brother and I did to my mom and dad. Now I'm learning. It's like they have tapeworms. I'm amazed that people have dialed this in, that they think they truly believe they're living on less than they really are on what you're spending. And another good thing to do with that food thing, because it'll your lunch no pun intended um it is uh separate when you're first starting out and this is not doing jackson's question just budgeting in general separate your restaurants and your grocery store yes because i'll give you a wake-up call on the restaurants like we had one old boy who came in years ago country boy and he's sitting there in

a small group we're having a discussion he yeah, we figured out where our retirement's been going. We've been eating it. So, yeah, I was going to the restaurants. I mean, you know, he's $1,200 a month in restaurants that guy was spending. That was a long time ago that story happened. And, you know, that's where I, yeah. Why I've got no money in my kid's college fund? Yeah. I've been going out to eat every freaking night.

And because I'm tired. Yeah. You know, there's all these reasons. But, night. Because I'm tired. Yeah. There's all these reasons. But yeah, so separate restaurants so you actually get a real picture of what you're doing there and food. And then predict as accurately as you can. And Jackson, start treating this like it's a business and run it well. You have the ability to do that, sir. This is The Ramsey Show. show. You've got a lot on your plate, a job, your home, your marriage, and your growing family.

While you're enjoying the present, you can't help but, your marriage, and your growing family. While you're enjoying the present, you can't help but think about your future and your finances. As you explore your options, consider Christian Healthcare Ministries, or CHM, for your healthcare. Their generous maternity program and budget-friendly monthly programs have been a blessing to members welcoming children into their families. Visit chministries.org slash budget to see if it's right for you. Christian Healthcare Ministries is a Ramsey Personality, is my co-host today, number one best-selling author. So, Ken, when you're doing your show, what's the most common career question you are asked these days? It's always around the idea of, I think I know or I know I know where I want to go, but I'm not sure how to get there.

How do I scale that mountaintop, that professional pinnacle? That's generally what people are looking for. Yeah, the path. Yeah, clear path. I need a way to get there. A lot of fear and doubt in that question. Yeah, I know I need to go over there, but I don't know the map. That's right.

Yeah. So, guys, I need everyone to listen very carefully. We've got a very unique opportunity where you can have some focused time with Ken and ask him your question. Normally, in a given week, we're filtering through hundreds of thousands of calls. Hard to get them all in. Obviously, he can't take that many on the show. This is an opportunity to, you know, get a smaller group. We're going to have about 900 folks in a live stream Q&A.

And that way everybody doesn't participate, but it is going to be smaller. You're going to have more access. You'll be able to plug in and much more intimate than, you know, hundreds of thousands, obviously, that you're going through. So we're going to do a q a zoom call with ken and uh and it's you know an exclusive live stream group q a it's gonna be fun yeah a lot of fun because what happens is we see that there's a lot of buckets around these questions that are easier for people to kind of lean into as i answer you know tens and tens of questions here on this and you get to lean in and take

notes and we're really again addressing this idea of can i make the money that i desire and also experience meaning and impact that's what people want we want to make a living but we also want to make a difference and that's what we're going to be driving in on helping people uh make progress to move where they want to go so if you want to jump in on this much much smaller zoom situation as i get I said, what we're going to do is limit it to the first 900 people. There's no purchase necessary. We just want you to go to ramseysolutions.com slash Ken. Use the promo code Ken. The first 900 to do that will be part of the Zoom call.

So one more time, Ken's going to be doing a Zoom free. No purchase is necessary to sign up for it. No salesman will call all you gotta do is go to the website ramsey solutions.com slash can use the promo code can the first 900 people to do that starting right now ready set go are going to be in there and you'll get access to this q a zoom and it's going to be again a much smaller setting much more intimate than just the the entire freaking world on the radio that's right it takes the pressure off right you can let you relax a little bit in your question to get coached up without the uh on-air performance

which is hard for people and again it's a zero cost so just jump in the first 900 of you ramsey solutions.com slash can use the promo code ken and we will cut it off there. We don't want thousands and thousands of people in this thing. It's just going to be a few hundred. And so jump in there right quick and get that done. Dan's in Hartford, Connecticut. Dan, welcome to the Ramsey Show. What's up? Hey, guys, how are you doing?

Thank you for taking my call. Sure. Big fan of you, Dave. I've read two of your books, Financial Peace and Total Money Makeover. I'm on your leadership right now, about halfway through. Wow. I'm self-employed myself. And I got a quick question for you.

Being self-employed, I make contributions to my Roth and to my SEP every month. I know naturally one of the biggest things I think a lot of people fear is the market constantly going up and down, up and down. And I've gotten into, I think, the bad habit of checking my portfolio every morning. And I kind of wanted to kind of get your, take any tips or feedback on having the mindset of just not focusing on that as much every day and kind of just taking a step back. It's one of the hardest challenges I have as a business owner, as a person.

Only debt I have right now is my mortgage, but the market is constantly, as you guys know, going up and down, and it's kind of created a sense of uneasiness for me. I just wanted to kind of get your take on my mindset i had on how to be okay with that that's a really good question i like that question uh i think a lot of people struggle with this i i kind of went through the same thing in a different area uh when the book entree leadership came out years ago is when i got on twitter twitter was fairly new and i jumped on twitter was fun in those days.

We would just spar back and forth. We'd have some fun. I mean, occasionally you'd get a troll on, and we'd just block them. Or first we'd make fun of them, and then we'd block them. But, you know, I mean, I had a lot of fun with it. But Twitter over the years has just deteriorated, and it's basically a septic tank now. I mean, it's a disaster.

But I got in the habit in those days of checking twitter uh my tweet deck with all all mentions of dave ramsey i would check it every morning while i was drinking coffee and you know when it wasn't bad that wasn't bad but when it was bad i had to quit i had to i had to take it off my computer i don't even look at twitter anymore because it's just it's all nastiness i don't read i don't read crap every day and expect my brain to be good that that's one example that comes to mind second example comes to mind is um i uh about four three and a half years ago i decided my wife decided i was going to learn how to play golf and now i'm i'm kind of into it and i suck um and so the uh i have figured out the secret to golf, though.

The secret to happiness is low expectations. Now, so if you don't expect much, then it ain't bad, you know? So I'm not all torqued out about it. And in that case, let's modify that a little bit for your situation and call it this. Your expectation is not to get rich every morning. And in that case, let's modify that a little bit for your situation and call it this. Your expectation is not to get rich every morning. Your expectation is to ride this investment for 10 or 20 years, correct? Right, right. So quit using a tool that doesn't match your expectation.

Your tool, if you're checking it every morning, is if you're a freaking day trader. And you're not a day trader. You're not a day trader. You're a long-term investor. So quit checking it every morning because the methodology you're using doesn't match with your goal. Okay. I love the golf analogy. I've got to jump on this.

Dan, he took us there. Let me tell you something. First of all, he doesn't suck, and he's not kind of into it. He's obsessed, as any golfer really is when he puts the time into it. So I'm going to stay with this analogy. So for the golfer, and I'm now getting to where Dave was about two years ago. I played yesterday. The obsessed part.

Yeah, I practiced for an hour and a half, and then I went and played by myself. And here's what I know. When I have a bad hole, Dan, I forget it. It's the next tee box. You've got to forget it and move on. Any golfer will tell you that. The goal for me is not to have a great round yesterday because that's

not realistic expectations, as Dave said. The goal for me is to be able to play. I'm 47. I want to play when I'm 67, 77, and I want to be better. This is a long-term deal. Investing as well as getting good at anything or mastering anything uh you have to have the long view not the short view and the

emotions are tied to you're putting the temporary yeah you're putting trash in your brain because you're you're you're reading these things i don't look at mine every morning because i don't have an expectation of what it's going to do today i couldn couldn't care less what it's going to do today. All I care about is what it does over five years, what it does over 10 years. I mean, I wonder about the market occasionally because a bunch of you people bring it up. But generally speaking, I'm betting that the U.S. economy and the best and brightest companies in the U.S. are going to be worth more 20 years from today than they are now. By the way, there's a track record based on that, too.

It's 100%. Yeah. 100% of the time that if you leave it alone 20 years, you made money in the stock market's history. There's no 20-year period of time ever, including the Great Depression, including 08, 09, 07, whatever it was. You can look at any consecutive 20-year period of time, 100% of them made money. And all you're saying is Home Depot, Dell, Apple, McDonald's, and Coca-Cola, and so on, are going to, as a group, be worth more 20 years from now than they are today. Are they going to be worth more in the morning? I don't know what Finland is going to do that's going to affect the economy this morning.

Nothing. Well, they might have. I just don't know, and I don't care because I'm thinking long-term. And so, Dan, if you're going to think long-term, use a reporting system that is looking out long-term. Don't use a reporting system that's every morning. You're driving yourself nuts. Take that little button off your computer. It's right up there in your taskbar in your favorites.

Go in there right now and click remove. Click delete. I don't have my mutual funds in my taskbar. They're not in my favorites. And neither is Twitter, by the way. The Golf Channel might be. No, I'm kidding. This is the Ramsey Show. We'll be right back. Ken Coleman, Ramsey Personality, is my co-host today as we talk about your life and your money.

It's a free call triple eight eight two five five two two five brandon and brooke are with us in mobile alabama says on my screen you guys are debt free congratulations thank you thank you dave cool how much have you paid off 95 000 wow how long did that take 25 Twelve months. Twelve months. Good. Twenty-five. I'm sorry, say again? Twenty-five months. Twenty-five months. I misunderstood. I'm sorry. Okay.

And your range of income during that time? Around $123,000. Cool. What do you all do for a living? Brandon's a police officer, and then I am a secretary and sales assistant for a hurricane shutter business. Okay, cool. What kind of debt was your $95,000? So we had $37,000 in student loans. We had $16,000 in credit card debt, $6,000 with a a car loan and the additional was our mortgage oh you paid off your house and everything we sure did weird people how old are you two

i am 34 years old i'm 29 with a paid for house what's this house worth uh it's worth 250 000 you guys are so weird. I love you. You're awesome. Well done. Well done. Okay, so how long have you been married? We just got married in July of last year. Okay, so you started working on this while you were two singles.

Yeah, well, we actually started it when we started dating. It was around the same time we started our debt journey. Okay, I've got to hear this story. How'd this happen? So Brandon has always been more of a better with money and saving money, and I was not. I was the free spirit, I guess you could call it. He was the nerd, and I was more the free spirit.

And so we started dating, and I had some debt. And so he says, well, I got to tell you about Dave Ramsey. And I said, okay. And so he's like, you've got to read his books. I read his book. And so we just talked about it, and he said, you know, we've got to be on the same page financially. And so we just started working on it together

and encouraged each other through the process as we were dating. She makes it sound so sweet and so easy. Oh, yeah, that was super simple. Sounds like sweet tea. Yeah. That can't be that easy. It can't be that easy. Y'all had to have some kind of a fight about it.

We really didn't. I was ready to get out of the debt. I'd always, when I turned 18, it was go get a credit card because you felt like that was what you had to do and so I was tired of living in that cycle where you pay it off and you rack it back up and so I was tired of living in the debt and I was ready to be free from it and so we were both on the same page and we just used that to encourage each other throughout the process and then when you get married it goes into high gear, right? Oh, yeah.

Oh, yeah. Yeah. So I'm just curious, how much of the 25 months were you guys dating versus married? So we started dating in January of 2020, and then we got married last July. So we dated for roughly, I guess it was about a year and a half. Wow. And I'm just curious how you, we understand now that it was pretty smooth sailing as far as emotional and communication, but how did you two help each other on your separate debts, yet still kind of partnering up together? I'm curious how that worked. So what we did was we wrote out our debt. He only, you only had the mortgage.

He had the house before we got together. And so I had more of the debt. I had more debt coming into the relationship. And so what we did was I listed out my debt. We found a debt, it's called a candy land debt chart and so we printed it out and laminated them and had them on the fridge and every time we would put money we each had our own charts and every time we would put money towards debt while we were dating we would color in blocks to keep us on track as to how much we were paying off

very cool good for you guys. How does it feel to be 100% free and newly married? Amazing. Absolutely amazing. Very cool. Very cool. And I see a couple of little boys in the, I think it was two little boys in the YouTube pictures we saw popping up.

Is that right? Yes, sir. Those are mine for my first marriage. Bentley is seven, and then Beckham is six. And then we have a new addition coming at the beginning of July. Oh. All right. Very cool.

Good, good. So the boys were in on all this, I assume. They were, and we actually, since we started this whole process, Brandon wanted to get them involved so that they can learn from a young age the things that we didn't know as kids. And so we read the Smart Money, Smart Kids book, and we have currently got them on the chore slash envelope system. And we've also started teaching them about taxes, budgeting, and saving. Oh, man. You guys are, this is a complete change of everything way to go

guys very well done you've changed your whole family tree yeah they're super excited we told them they were with us during the whole paying off debt and we told them that once everything got paid off we were going to take a trip to disney so we're going to disney in november all right there we go with a new baby of, of course. Oh, yeah. All right. You guys are fun. Very, very well done. I'm so proud of you. Great job. What do you tell people the key to getting out of debt is? Just don't give up. I know it sounds cliche, but don't. Surround yourself with positive people who will encourage you, because we had a lot of people that kind of rolled their eyes at us when we didn't want to spend extra money or we were watching what we

were spending to put towards debt. And I would also tell people to do the debt snowball. I tell people that all the time. It works. Don't question it. Just do it. And then just find ways to get creative on saving money i mean you know we were dating during a lot of this and so yeah it would have been fun to go do these expensive things but we were also trying to pay off debt so we had to find creative ways for date night yeah very cool good job y'all well done well done what was the toughest thing you went through? I think the hardest part for me was just at the very beginning, coming to terms, basically getting head-on with my debts and writing them all out and accepting, like, you've got these debts, you've got to get control of it,

and then being transparent with this guy that I just started a relationship with and hoping he wasn't going to just run the other way. So I think that was the hardest part for me, and just changing my mindset, you know, getting into a new mindset of, you know, you've got to completely turn your life around and make the change, or it will consistently be like this the rest of your life. Brandon, I don't think you were running anywhere no i was not at the very beginning not a chance well done you guys

we got a copy of baby steps millionaires for you that's the next chapter in your story for sure and also a copy of total money makeover for you to give away. And we also are going to throw in Financial Peace University and Every Dollar and a Ramsey Plus membership, a one-year membership free. We're going to send that to you. And if you don't need it yourself, you can give away any of these items and pay it forward and help somebody else out. Certainly the Total Money Makeover book is for that, to help somebody else and get moving in the right direction.

So way to go, you guys. Very, very, very well done all right brandon and brooke in mobile alabama 95 000 paid off in 25 months making 123 000 count it down let's hear a debt-free scream ready three two one Two, one. We're in it, buddy! Yeah! Got the boys involved. I love it. Woo! That's how it's done.

Oh, man. You know, the interesting correlation between this and changing your family tree is all the indicators are there. They're going to continue on. Because it wasn't just merely a single item that they worked on the debt they transformed everything the way they're looking at transform the boys everything everything's changed and that means they're going to go on and be baby steps millionaires this is the ramsey show Thank you. We'll be right back. Ken Coleman, Ramsey personality, number one best-selling author of the book Paycheck to Purpose is my co-host today. Open phones at 888-825-5225. Weston's in Phoenix. Hi, Weston.

How are you? I'm doing great. Thanks for having me on. Sure. What's up? So I am really excited getting married to the woman of my dreams in September. And we are going to rent for the first year of marriage. However, looking at buying property instead of buying a house. And the reason being my dad is a general contractor, so we have a general contracting license we can use.

I've had experience in the construction industry. I am also self-employed, so I have autonomy to be able to work on the house a little bit differently than anybody else. But when it comes to the financial side, if we buy land, we can't get a traditional financing on it. Banks don't like to lend on raw land. So what I'm trying to figure out is should we pull from – and we have $32,000 in cash reserves uh starting to save for the property however looking about a hundred and a hundred thousand dollars or more to buy property you'll be fine you'll be fine what do you make here so combined income we will make uh about a hundred and five thousand a year oh cool okay you can get a credit union loan you a hundred

thousand or loan you fifty thousand on a hundred, cool. You can get a credit union to loan you $50,000 on a $100,000 property. You can get 50% down, 25% down, somewhere in there and get somebody to loan it. Bank of America doesn't do it, but Bank of America is stupid. Don't do business with them anyway. Go to your local credit union, your small town bank, find somebody like that, a local or regional bank,

but primarily or if you can get a community bank or credit union that's your best bet but they'll loan money on raw land but again they're going to want 50 percent down 40 percent down something like that well that's kind of the problem because we may i when i say a hundred thousand that's probably a little bit low the housing market land market here in phoenix and take your time if you want if this is the route you want to go it may just take you a little while to save up the down payment because it's going to be a substantial down payment my my question is is would it be better to take so um my fiance has a ross um with 15 000 which we could take 10,000 out for the first time. Absolutely not. Absolutely not.

No. Okay. That's a bad idea. Even if the capital is going to be more expensive than the rate of return, we could get all that. Especially. That Roth is going to grow completely tax-free, and you're in your 20s. You're going to cost yourself millions of dollars screwing around with your Roth, what it would turn into when you're in your 60s.

Okay. So that's a bad idea it's a really bad idea yeah leave your roth alone and save up and pay cash for it i'll add to this okay just as a practical thing um i've built uh a couple of houses in the last few years uh in the last 15 years i guess i bought built two houses and um we were already married many years and had already um uh experienced several marital storms where we almost killed each other prior to trying to build a house together and in other words we're we have a strong marriage and a seasoned marriage that's been tested, battle tested, and we've still gotten some major fights building those houses. So it's a stress on your marriage. Or she's going to do something really stupid, which is say nothing and let you do whatever you want to do,

and that's a dumb idea, and she might do that as a young wife. Old wives seldom do that so uh but yeah uh you know i i might buy something and live in it and make the uh build my house on a piece of land the second step if i were in your shoes just to make sure you guys are on the right page and all this kind of thing i don't doubt that you and your dad know how to build a house that's not and that you've got access to time to work on it i think all that analysis is correct i'm a little bit afraid of what you know of a young tender marriage and the damage it could do to build a house together you can either run over her and she gives nothing and you just go build whatever you want to build, which is a bad idea, or you're going to go through some stress, which is a bad idea.

So building a house together, it's just not always pleasant unless one of you just says, whatever you want to do, honey, which is also dumb. And, you know, Sharon's like, well, you're not going to let me. I'm not going to let you. I haven't ever let you do anything. Right. That's not that. Isn't even how your brain works honey truth she ain't waiting on me to give her permission so but yeah it's get it you know what

what she's saying is is you won't go along with what i wanted that's what she's saying so it can really i mean it's tough enough just to pick out a house together but building one is stressful yeah you know i think about that and i go you start thinking about the early parts of life and maybe building a house forget the relational strain for a moment but just what you want there's something to be said for living in a house first before you build a house there's some just practical stuff what you think you want initially may not be what you want five to seven years from now. And, you know, things change. That's for sure.

Dreams change. Sharon's with us in Washington, D.C. Hi, Sharon. How are you? Sharon? Hello. Can you hear me? Yes, I can now.

How are you? Oh, wow. Great. I'm doing great. How are you? Good. How are you? Oh, wow. Great. I'm doing great. How are you? Good. How can we help? Well, I have been on a job.

Well, I'm 56 years old, and I got a new job in 2020, and it just has not been what I thought it would be. So I went on and started applying for new jobs. I really wanted to get another job in addition because sometimes, you know, just having another job that you can do makes you put up with the other one as well. Plus, I wanted a bigger shovel. So I applied for a job and I i did accept it through an agency though so it's not full-time it's contract to hire now that it um they sent me the paperwork and toy packet etc um something

made me want to just okay let me check out the company uh that i am going to be working for i went through two interviews with them by the the way, and it was fine. So they didn't want to hire me. But I said, let me start looking into them a little bit more because they've only for 20 years, that company. And also, when I pulled them up again, they had all these bad ratings. They had bad ratings on Yelpelp and google and glass door and better business glass door is absolute crap nobody puts they don't they don't screen anything anyone can

write anything on there even if they never worked for the company they don't check anything they don't they don't source any of it. It's complete crap. Okay. Well, I checked the company I currently work for, too, and their reasons weren't that bad. But anyway, now I'm not sure if I'm just getting cold feet or what, but then I also thought to, I said, well, how are their earnings last year? So you can look up these things online, and it appears that they have lost quite a percentage from the previous year.

And the CEO said they were disappointed and everything. So now I'm wondering, oh, my gosh, what kind of company am I signing up for? And so I'm kind of wondering what I should do. I have a queasy feeling when I started seeing all of this. Well, you've got to listen to that, Sharon. You've got to listen to that. But this is part-time. This is a part-time deal, correct?

No, this is, no, it would be a full-time job. Oh, so, okay, so you're looking at. I'd be making more on an hourly because it's contract hire. I do get some benefits like insurance from the agency, but it's contract to hire. And so I get $75 an hour, so it comes about $145. All right, well, here's the deal. It might be higher than my full-time job would benefit. You need to run these doubts out and get them out of your head and write these doubts down.

And it's not just, well, I heard bad stuff on these websites. You've got to do a little bit more research. You're right on the cusp of this. But I would trust your gut um your gut that gut feeling neuroscience has found out that that's a real thing that's your brain telling your body stop i would listen to the doubts i would run them out and get real evidence and then i would be okay saying pass just because it's a better paying job doesn't mean it's the right job for you. And never make an employment decision based on anything on Glassdoor.

This is The Ramsey Show. Hey folks, Ken Coleman here. Did you know The Ramsey Show is one of the most popular podcasts in the world? Get your daily dose of advice on life and money. Check out all of our shows from The Ramsey Network wherever you listen to podcasts.