The Ramsey Show - App - How Do I Change to a Different Career Path in the Same Field? (Hour 1)

Episode Date: September 30, 2021

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Thank you. Live from the headquarters of Ramsey Solutions Broadcasting, from the Dollar Car Rental Studio, this is the Ramsey Show. It's where America hangs out and has a conversation about your life, about your money, about your work, your purpose, your relationships, your family, your marriage, your children. It's the whole enchilada because this life is full, and we want to give you hope with practical solutions and steps for you to take so that you can be and do what you are supposed to be doing.

888-825-5225 is the number. I'm Ken Coleman, Ramsey Personality, and I'm joined by my colleague, also Ramsey Personality, Dr. John Deloney, and we are here together to take your questions. So I just gave you the gamut. Bottom line is, we are here for you. We want to talk to you. And today may be a day where you have some breakthrough, where you feel safe to just call in.

You know, I point this out on my show, John. I don't know if you do this on yours, but, you know, we routinely on the Ken Coleman Show change people's name and location because of the sensitivity. All the time. You're talking about change your career, talking about a toxic boss or co-worker. You're talking about extremely sensitive stuff in the mental and emotional state, relationships. So I want to point that out. Kelly will do that.

And, you know, I point it out on my show a good bit because we want people to feel the safety. We'll change the location, your name, the whole nine yards. John and I won't know anyway. Absolutely. We just call out what's on the board. I got a note from somebody on Instagram recently saying, hey, thanks for taking my call. And I didn't recognize the name at all. And then in parentheses they said, by the way, I was Rick.

And I was like, oh, good. So, man, we'll disguise anything we want to keep you safe and i'll give you an opportunity to be open and vulnerable and we can get down to it man that's it so let's do it jeffrey starts us off today in austin texas jeffrey how can we help hey cam uh thanks for taking my call um so yesterday i took the career assessment test uh been in the same role for about five years here. I'm not looking to start over into like an entry level into a totally new field. But, you know, some of the positions I'm interested in, I'll have applicable knowledge and skills, but I've never worked exactly in that role.

So my question is, how do I take my past working experience on my resume and pitch myself into a related career path, but that's not necessarily on the same side of the same fence? Yeah, well, I think it's a really good question, but I think you're just overthinking it. And so when we overthink, and I got the doc here next to me, he'll add some actual scientific stuff to what I'm about to say. This is good old-fashioned common sense. When I overthink, I know that I've got to then withdraw from all of the analysis and just go back to what I know to be true. So I'm just going to put it to you this way. When you look at that position or positions that you're talking about

that you've just referenced, do you have the talent to do the work, yes or no? I believe so. Come on. I want you to say that differently. I'm going to give you a chance. I'm going to retest you on that one. Do you have the talent, Jeffrey, to perform that role and perform it well? Absolutely. There we go. Yeah. I like that. I was hoping for an

abso-freaking-lutely, but I'll take absolutely. We'll give that an A-. All right. So the experience that you have, while you don't have a ton of experience in those roles you're looking at, are there elements of the experience you do have that are going to allow you to jump in and quickly get up to speed and learn? Yes or no? Absolutely, yeah. All right, then we're done. Conversation over, brother. I hate to be so simple, but dude, you've got this. And by the way,

the reason I ask those simple questions like that, and John, I want you to come in here and give the scientific counseling approach to this. But Jeffrey, the reason I ask those simple questions like that, and John, I want you to come in here and give the scientific counseling approach to this. But Jeffrey, the reason I ask you those questions, I think you just need to remind yourself of that on a regular basis. And by the way, there's nothing wrong with you or abnormal. I mean, this is kind of normal human condition stuff. But I need to remind myself of the facts. And your feelings sometimes don't represent the facts. Let's get the facts, and I think the feelings will follow in this situation.

So when you present yourself from the moment you apply to the moment you're in the interview, you're ready. You've got an answer for it. Because then you can say, well, this past experience, here's how this translates. And remember, you're in an interview where they're just simply trying to determine one thing. Can you help them win? Yeah, can you help them make money? And will you be someone who's not an idiot to be around?

I think we also get hung up on job titles. We see people who have title of assistant vice president or assistant whatever, and we think, man, they are like fill in the blank, not us. Stand up tall. There is a lot of psychology about standing up tall about potty posture about looking yourself in the mirror picking your chin up and acknowledging i can do this job don't lie to yourself don't lie to people but acknowledge i can do this job and here's something else again that i think is important it may be that i don't have direct experience in this

particular skill but i do have peripheral experience it proves that i can learn this very quickly 100 and i will walk alongside you so sometimes it might be have you done this thing versus man they're close or i've proven i can learn this then you bring that with your with your with your spine straight and your chin up you bring that kind of attitude to um to the interview yeah it's exactly right you know everything to me this time of year, with football all over the place, I love football, you know, if you were on special teams, and a lot of guys get in the NFL, John, just by playing special teams. You know, they're not playing first-team defense or offense.

So the way they get in, they make the 53-man roster by simply being the guy who's willing to run down the field like a kamikaze pilot and just crush the other ball carrier well these guys all want to play another position some of them want to be on offense some of them want to be on defense and they're trying to convince that coach just like jeffrey's trying to convince a potential employer that while i haven't started before in this role i do know how to tackle. And I can learn how to read the defense in the linebacker position. That's the idea. Dude, that's a great analogy,

because I'm also going to show you in practice, I'm going to work my butt off in practice, I'm going to show you, and then when I get put on the field, in whatever weird situation, I'm going to run 100 miles an hour towards that guy. I may not make that big a difference at the end of the game, but that big difference big difference to the ending that income the end of the game but that guy tomorrow's gonna remember me he's gonna have my number tattooed across well

who's the coach gonna call when the starter goes down that's exactly right the first name that pops up and so this stay with us in this analogy folks because there's some broad teaching here when we transfer and we move and we pivot and and we've got a billion Americans thinking about doing that right now, that transferable skill and experience does, in fact, transfer. Show them the application. And just like that football player that wants to go from being a special teams player to starting free safety, you've got to show them that you can learn, that you're coachable, that you've got all the raw stuff. And in this world, John, increasingly,

companies are doing all the training themselves. Yes. Show them you know how to fight and you've got grit and you will show up. Yes. And so here's why I make that point, John. Don't assume that you got to show up day one ready to go. They're going to train you.

They're going to train you how to do it how they want it done anyway, right? Yeah. Hey, let me ask you this question. So over the course of my career, I've hired a bajillion employees, but most of them were new employees. This is their first professional job or maybe their second professional job.

They are now, five years, ten years later, some of them 15 years later, circling back and they are applying for leadership positions. They've been working up through their career. I am getting an overwhelming amount of calls from former colleagues that are frenzied. I've got to move. I've got to do this. I've been here one year. I've got to move to this thing.

What would you tell folks who are just feeling this panic and frenzy? I've got to go. I've got to go. I've got to go. I would say that opportunity is not fleeting. That's it. Opportunity is going to be there. If it's not a burning heart desire to really move, and if it's not the right move to keep you going on the path and it moves you faster, chill out.

Chill out. You're on the path, man. I'll start using that. Breathe a little bit. Chill out. Chill out. Opportunities aren't just fleeting. The dream is going to be there.

I promise. All right, folks. Don't go anywhere. He is Dr. John Deloney. I am Ken Coleman, and this is The Ramsey Show. People all over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Health Care Ministries, or CHM,

is a nonprofit organization that helps members carry one another's burdens with health care expenses, and they have successfully shared each other's medical bills for nearly 40 years. See if CHM is right for you by visiting chministries.org. CHM is a proud sponsor of Dave Ramsey Live Events. Welcome back to the Ramsey Show America. Thrilled to have you with us. I'm Ken Coleman, joined by my colleague, Dr. John Deloney. We're taking your calls, 888-825-5225. It is a free number, 888-825-5225.

Here at Ramsey Solutions, we are on a mission, not just on this show, but through our entire company to transform lives. And we want to disrupt the culture in the money culture, the work culture, relationship culture, and we know that that's not normal. But we want you for a moment just to imagine being a part of this team, a team that's on a mission to make all of that disruption a reality through doing work every day. At Ramsey Solutions, we have 1,000 people working together to create digital products and services that will transform people's lives. If you want to

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Find out about all the available jobs by texting work to three, three, seven, eight, nine, text the word work to three, three, seven,

eight, nine to find out about all of our open opportunities. And I would point out if you go to Ken Coleman.com and download the free resume guide and use that template, HR looks at you a little bit closer. That is an absolute fact, so there's a little extra tip. I didn't know that. Well, it's a Ramsey Solutions resource, and they see that, and they go, oh. They pay attention to what's going on.

Yeah, it's just a little tip. I like it. Not guaranteeing you anything. I think what I just heard is Ken Coleman said, if you use that resume guide, you've got the job. No, that would be false advertising. I did not say that. But I do think it will get you some special attention, and then you've got to earn it on your own.

I like it. Just a little tip there. 888-825-5225. John joins us in Amarillo, Texas. John, how can we help? By morning. Hello, John. How are you doing, help? Good morning. Hello, John. How are you doing, guys?

Great. Doing great. What's going on? Well, having an issue, well, not really an issue, but... Hey, John, can you talk into your phone for us? Talk directly into that phone there. Yes, in just a second. Okay.

Okay, is that better? Excellent. There we go. So, Wap and I were discussing how much we should be spending on our grocery budget while we're in baby step two. And it's been fluctuating the last few months between $250 to $300, just depending upon the week. But that's for a household of four. Wow. Is that about right? What's your take-home pay?

So weekly I take home about $2,000, $2,100, somewhere in there. Yeah. Well, I don't know that there's any normal percentage on this, but, I mean, how's the family doing? Are the kids getting skinnier? I mean, what are we doing here? Are they struggling? Do we not have any food? No, I think we've actually got plenty. I actually think we could scale back a little more. That's what I thought.

That was my question is, should we try to slim the budget down a little bit more? I mean, we're on track to be completely debt-free in about four months. Oh, yeah. So not a huge time frame, but... Let me back. John, is this $250 a month or a week? No, $2,000 a week. No, no, no, no, no.

On groceries? On groceries, roughly about $200 to $250 a week. A week. Okay, I was thinking a month. I thought the way you said it, I thought it was a month, and I was like, man, that's why I thought the kids were getting skinnier. Dude. Okay, so about $800 a month. Yeah, I definitely think you guys can cut from that, but you said you and the wife were talking about it.

That means she doesn't want to cut, right? So we've kind of talked about it, and the deal is both of us are on board to cut back if we need to, but right now with what we're spending, we're on track to be debt-free in four months. So we're not seeing that as a big issue. So what's the heart behind the call? Is it a disagreement on food values? You want to buy organic foods and you don't want to, or you're not cutting back on something so she didn't want to cut back?

What's the heart of this question the the big part of it is should we cut back a little more to get out of debt maybe a month sooner than what we're anticipating currently well my answer to that is why not i mean but i don't think there's a wrong answer here we're talking about being debt free in three months versus four months and we're talking about this is about the amount of nachos and hot dogs we buy. I mean, I don't know. I mean, I think it gets down to, you know, I don't know, John. Do you have two seniors in high school who are 6'11", and they eat raw meat?

I mean, or you got new kids. Yeah, Ken, you're right. I just don't think there's a wrong answer, John. Congratulations, man. You're four months away from being debt-free, and you're calling us about your grocery budget. Look, dude, I say make the call, and I would go with what Mama wants. I've been married 23 and a half years.

That's where I'm leaning on this particular one. If Mama wants a little extra in the cupboard, I'm going to go, okay, dear. And if you guys are on track to do this by the new year, right? So, I mean, there's not a way to lose here. The only way to lose here is to fight over something that's not worth fighting over. Yeah, and I got to tell you, this is not worth it. No, no, no. Not here.

Congratulations. Yeah, that's awesome. Yeah, I love it. Now, that's a gazelle intensity, John. Yeah. It's like, well, we're debt-free in four months, but if we really cut our grocery budget. If we don't eat in October, we could have this done in November. Yeah, it's like we don't have to do that.

Good job there. I love it. You know what? I'd keep buying the steak and make sure we did something real special. They'd grill out when we paid it off. I do like this, though. I like the we're going to go through every line in this budget. Yes.

When you step back and look at a family of four and say our grocery was $800 a a month that's a lot and what are we buying how are we buying it where are we buying it from what stores what you know what food are we anyway you can go down those lists and i do love that you're four months out man four months out and i got two teenage boys i got a 13 and 15 can i just tell you something when i walk up to the carts at Costco, there's like a big sound, a trumpet blows and they go, Welcome Coleman's! I mean, the amount of eggs and... I just saw today a headline that the cost of bacon is

going up. And I thought, now this is the sign of the apocalypse. We like to be hopeful here at Ramsey Solutions. We always believe control what you can do. But the price of bacon is going up? I mean, this is when we've got to do something. I've got a sixth grader, and we're backing trucks up to the house. I don't understand where it goes.

Oh, he's got a hollow leg. Yes. And it's, oh, by the way, as he gets older, it's only going to get worse. For sure. Imagine having two of those. I can't. I can't wrap my head around that financially. Yeah.

I cook the food at the house, and as quickly as I cook it, it's gone. I told Stacey I would like to at least put a little moratorium. Can it sit on the table for five minutes? Maybe I can take a picture and document that I actually did this. I think that's where Instagram of photos of food started. It was just a poor parent saying, hey, hey, hey. I want to

document that this happened for my children to inhale it through one of their nostrils. Oh my gosh, that is so true. I love it through one of their nostrils oh my gosh that is so true i love it all right blinds.com 100 satisfaction guarantee means even if you mismeasure or pick the wrong color which would be me by the way they'll remake your blinds for free you get free samples free shipping and with the new promos they run every month you'll save even more use the promo code ramsey to get the best deal all right today's question comes from chad in california i'm 19 i've never been a good student i was more interested in making money Use the promo code Ramsey to get the best deal. All right, today's question comes from Chad in California.

I'm 19. I've never been a good student. I was more interested in making money and helping others. I have an e-commerce business that took off this year. I've made $103,000 in profit. Live with my parents, and they think I'm going to community college. I'm scared they'll kick me out if they find out the truth. Should I continue pursuing my business venture or go back to school and have the safety net of being able to live at home?

If I choose the business route, I won't have the financial safety of living with my parents anymore. Good grief, John. Okay, this is really more your angle here. It's not. There's so much onion here. I would do the business, but I'd be a man and talk to mom again. My 11-year-old would solve this. Tell the truth to your parents.

You're making six figures. They're not going to kick you out. No, you should move out. Or if they do, you should be anyway. I agree. Good. Chad, you've made this way too complicated. This is a 19-year-old question.

Be honest with your parents. Tell them that you're making six figures. Congratulations. And if they kick you out of their apartment, you can afford it for the next decade. It's kind of humorous now that we've answered it. This is next-level deception. My parents think I'm going to community college,

but I'm a real-life Tobey Maguire Spider-Man. I'm building a business on the side. Dude, what are you hiding from? Wow, appreciate the question. Talk to mom and dad. All right, folks, don't move. He's John Delaney. I'm Ken Coleman, and you're listening to The Ramsey Show.

I'm Ken Coleman, joined by my colleague, Dr. John Deloney. We are coming to you from our Nashville headquarters at Ramsey Solutions Studios. So thrilled that you've joined us. 888-825-5225 is the number to jump in. 888-825-5225. And I look out on the debt-free stage in the lobby, and I see Alex and Katie. Welcome.

Hi, thank you. Yeah, where are you guys in from? We're from Provo, Utah area. Provo, Utah. Go Cougs. There we go. Okay, big football fan. I like that. I like that a lot. Okay, you're here to do a debt-free screen, so

let's talk here. How much debt did you pay off? Okay, are you ready for this? I got $640,000. Whoa! And I see you got two kids, so I'm assuming you sold a couple of them. Yeah, the other two aren't here, but I'm assuming you sold a couple of them. Yeah, the other two aren't here, but we have four.

Two are with us today. So fun. All right, how long did it take to pay off $640,000? About 12 years. 12 to 13. Wow, 12 to 13 years. Okay, what was the range of income? Started out about 80 and ended up at about 145.

Okay, nice. I always love to hear this story. So is this your house? This is, oh. I'm sorry, did I drop the gun here? This guy over here. I'm all excited. This is a lot of money.

Yeah, hyperactive guy. He's got a tie on for the first time today, and it's choking the oxygen to his brain. I can't breathe well. That's great. So I'm just curious, what did you do to go from 80 to 140K? Was it just good old-fashioned promotions? What happened? Well, my husband has been self-employed for 25 years. Oh.

And he started working for the local university and also ran his part-time now job. Yeah. And I have worked part-time as an audiologist and then recently started being an adjunct professor also. At that same university. Oh, look at you guys. And working a ton of overtime for both of us. I'll bet. Well, way to go.

All right, John, now you've got the question. So was this your house too? This was not only our house, but three rental properties as well. Oh, my. So we're feeling very light. It's wonderful. You guys are quadruple weird if I'm doing the math right.

That's amazing. We couldn't be more thrilled. Yeah. Wow. So the 640 was, in totality, all of the houses. Yes. All of our mortgages and all of our consumer debt as well. Oh, my goodness.

That's why I look so white. I know. We had to duct tape your feet to this thing. Oh, my goodness. So what happened 13 years ago that somebody sat down and said, we can't live like this? Well, we were on our date. We went to a play, and during intermission, we started adding up our debt. I don't know if that's normal, but that's what we were.

No, not at all, but go ahead. We're not normal as we've discussed. That play must have been terrible. No, it was actually really good, but we started doing it on a napkin, and we got so sick we didn't even stay for the rest of the play. We had no idea how much debt we were in. No clue.

Until we started jotting it down that night, and it physically made us sick. We had to leave. I was going to throw up and cry. And so we left, and I threw up and sick. We had to leave. I was going to throw up and cry. And so we left and I threw up and I cried. Oh my goodness. So, so what did gazelle intensity look like when you come home and you begin to figure out the plan? How did you enter? Did you, did you interact with Dave, the Dave Ramsey show? What the book, what, what, what was the guide? It was actually, we feel like divine intervention the following week after that we were going on a road trip and i went to just look for a book that we could read on the way and i found

the total money makeover and i had never heard of it never and i'm like oh this this looks interesting so i bought it and we read it um on our road trip front to back and we've never looked back that is phenomenal so what were some of the big changes you made? What changes didn't we make? We stopped spending more than we earned. That was a big one. We started budgeting. We started teaching the Financial Peace University class. That was a great motivation. Because when you're teaching it, you actually have to live it.

Isn't that the truth? Yeah. Yeah, we just really were careful. Yeah. So I got to ask, John, how old were the kids? Because I see them out there. That's two of the four. Yes.

How old were they when this journey started? My oldest when we started was almost 13, and she's 26 now. Okay. And the youngest was two, and he's 15 now. He's 15 now. Oh, my goodness. So all you've known is austerity and parents with a plan. That's incredible.

Yeah, we were laughing when you were talking about all the bacon eating and stuff. Yeah. Yes. Oh, yeah, I could tell. That young man could put some bacon on. He does. Sure, I get that. Oh, my goodness. So was there a point

in the 12, almost 13-year journey where you felt like, okay, we've got some real momentum now? Because this is a lot. We're talking about four mortgages. That's a big mountain to scale. Talk us through that journey. What was that moment or maybe a mile marker where you went, okay, now we feel like we're running downhill. I don't know. I feel like we had many of those. When we first paid off all of our consumer debt before we even touched our personal mortgage, that was a huge boost to us. Like, wow, we just got through Baby Step 2.

You know, wow, we can do this. That was $92,000. We were like, that's a lot of money. Yeah. And so once we did that, we're like, oh, my goodness. We wanted to come then. We're like, oh, no, let's get the house paid off first. And so we worked towards that. As soon as we get our house paid off, we're coming.

And then we paid off our house, and that took years. And we still felt like we had this debt, though, with those rentals. Yes, and we were still motivated, seeing like we can totally do this. And we're like, let's get the next one paid off, and then we'll go. Wow. And then we got it paid off, and we're like, oh, my goodness, we can totally do this. And we're like, let's get the next one paid off, and then we'll go. And then we got it paid off, and we're like, oh, my goodness, we can totally do this. Let's finish, baby. And we finished. What advice would you give to couples?

We took a call yesterday, George Kim and I, and they were talking about how scary it was to look down the road and see a two-year payoff date. You guys did this for a decade. You did it for more than a decade. What advice would you give to couples who are staring at their debt? They just added it all up. They just got that sick feeling in their stomach. One of them's throwing up in the bathroom, right? What would you tell them about going on this journey together? Well, one thing is they are baby steps. You don't have to eat the whole elephant in one sitting. It's one step at a time.

And that made all the difference for us. I mean, we could, you know, immediate results with baby step number one. I mean, that was fast. So just the baby steps. They're called baby steps for a reason. And that's what got us through. And having your partner on board, I don't know how some of these people do it that don't have a spouse that really helps them, you know. To be on the same page so you're not having to say, no, we're not going out to eat because, you know, things like that.

When the spouse agrees and you can actually put off things that you can say we'll get later or do later. I love it. So I think people want to know. I know I want to know. What are these four houses worth now? Well, the housing market in Utah, like everywhere, has gone bananas. And so I'm not exactly sure. Ballpark.

Ballpark, probably close to about $2 million. Yo! Whoa! Watch out. We have everyday millionaires. Oh, easy. Baby step 2 million. Yo! Whoa! Watch out. We have everyday millionaires. Oh, easy. Baby step millionaires. Oh, easy.

That is so cool. Boy, that's why you're so light, Alex. I mean, you're practically, we have to tie you to the stage just to do this death-free scream. Well, that is so awesome. You guys represent what I think is that this is long-term thinking, and that led to those baby steps, the discipline, and just staying with it. Now you sit so pretty. You're still young.

You've got great kids. Their life is forever changed as well. So fantastic. Hey, what we want to do for you, we want to give you two books to kind of just show our love and appreciation for you and model in this way. First is we're going to give you Dave's book, The Legacy Journey, because that's the next step for you. This is all about impact and legacy for you all now.

And then we're going to give you a brand new copy of Total Money Makeover for you to give to somebody else and bless them because it worked for you. And so we want you to pay that forward. All right, let's do this. Are we going to get the kids up there? Oh, yeah. Okay, so we're bringing up Madeline and AJ. All right. And AJ's 15., so we're bringing up Madeline and AJ. All right.

And AJ's 15. Madeline, how old is Madeline? Madeline is almost 23. Almost 23. Well, look at the smiles on that family's face. Really good stuff. All right, let's do this thing. Alex and Katie, Madeline and AJ from Provo, Utah.

They paid off $640,000 in 12 years, making $80,000 to $145,000. Let's hear your debt-free scream. Three, two, one. We're debt-free! Whoa! Man, I can't hear out of my left ear. We're going to have to get that looked at during the break, Doc. Are you qualified to do that?

She's an audiologist. She's amazing. That is so guttural because that is the end of a journey where they just cross the finish line emotionally. I love that. What a great family. Wow. All right, folks, that's why we do the show right there.

Don't move. This is the Ramsey Show. The Ramsey Show continues. I'm Ken Coleman, joined by Dr. John Deloney, my colleague. We are Ramsey Personalities, and we are your host this hour, 888-825-5225. That's the number to jump in, 888-825-5225. Let's go to San Diego, California, where Krista is staying classy, I'm guessing. Krista, how can we help? Hi.

So I just turned 25, and I inherited about $128,000 from my mom. And my husband and I are on Baby Step 3, the emergency fund. We're about halfway through it. And my husband and I are on baby step three, the emergency fund. We're about halfway through it. Our goal is $20,000, and we've got about $9.3. So I'm wondering if I should take out of my inheritance for completing the emergency fund or if I should keep it in the fund that it's in right now. What kind of a fund is it in? It was a trust fund that opened up when I turned 25,

so now it's in an individual account. Okay. Well, what I want you to do is I want you to get with one of our smart investor pros out there in the San Diego, California area, because there's, there's more to this than just, you know, completing your emergency fund. But yes, I would make sure that you talk with them and figure out what you want to do with this, the whole amount so that we can maximize this money now that it's available to you. And you guys are doing great things, but yeah, I would definitely complete the emergency fund. And then, you know, if you guys are planning to – do you have kids? Did you mention you have kids, yes or no?

No, we don't. Okay. So right now the college fund, you know, you don't have to worry about that per se, but I just want you to maximize this money. But, yes, I think the simple answer is, yeah, let's go ahead and complete that emergency fund and keep on walking through the baby steps. That's just fantastic. Hey, Krista, when did your mom pass away?

When I was 19, 2015. 2015. And so you just turned 25, and so the trust completed itself? Yeah. Yeah. Was your mom pretty awesome? She was, yeah. Would it honor her to know that you had been on this debt-free journey and that you have the financial security of an emergency fund?

Would that bring a smile to her face? I think that it would, yes. Yeah. To be comfortable and to not worry about money. And so I don't want to mess up and do something that she wouldn't want me to do with the inheritance. So just making sure I educate myself and do what's best for it. Yeah, you're so wise. I love the idea of honoring your mom's gift with this idea of security and stability.

I think that's awesome. Yeah, absolutely. And so that's what you do. I want you to make sure that you, again, play the baby steps out all the way. Play the playbook. And mom would be so honored by that. And you've still got a good chunk of inheritance to maximize. Absolutely.

After you just do what amounts to $10,000 out of that very large sum. So Krista, don't have any question or guilt about that, but sit down with a professional so that you maximize it. And when you do this, John, I love the approach there. It's like, you know, mom gave you this money. She was an amazing lady. And so maximize it.

Yeah. Be a good steward and maximize it. And what a great way to honor your mother. Love that. I love that. Let's go to St. Augustine, Florida, where Rich joins us. Rich, how can we help? I'm not too bad.

How are you, sir? We are having a blast. Well, I wish I could say the same. Uh-oh. What happened? What's going on? Yeah. Trying to keep the spirits up.

Okay. Well, I'm in the car business. Uh-oh. It's been a rough few months, huh? You know, I had a few things happen, but a lot of changes in my life recently. I've been divorced. The divorce cost me a lot of money. I ended up moving from Connecticut to Florida.

Was doing very, very well down here and ended up getting cash app scammed for $15,000 right out of the account, which brought me down to five. And it was pretty tough to deal with that. I ended up moving back up to where I am now, St. Augustine, getting a car sales job up here, doing very well. And now we're running out of cars. Yeah. Yeah. And I don't know what to do. I have obviously terrible credit. I had to go through a bankruptcy. There's a long story to go with that but uh that happened so not a lot of debt at the moment um but not a lot of savings not not making close to what i used to be able to be so what what

was your income give me an average range of income before the uh the hit uh to selling cars with this low inventory? What was it before it slowed down? It varies, but I would say I was making per month. I mean, we do get paid per week, but I would say per month I was making $15,000. Yeah. What's the forecast? What are your leaders telling you? I mean, because they're having to react just like you are, but what's the forecast on this?

What are you hearing? Nobody knows. Okay. Well. You know, I'm at a store right now where, you know, what most stores are doing are loading up on pre-owned vehicles and selling those because the new ones aren't coming in at a higher rate. And, you know, our store is not really doing that. We do have a pre-owned lot, but, you know, there's not much in it. And I went from making what I was making to making, we're talking $400 to $600 a week.

Okay, so Rich, we've got ourselves an urgent moment. Yes? Yes, sir. Okay, but here's the deal. I'm wondering, do I stick with what you have or do I find another profession? You got to sell something else. Right now, this isn't even about purpose or a profession. We're kind of going, okay, we want to get ourselves stable. Okay. You've taken a lot of hits, a lot of financial hits from the divorce to the scam. You said you didn't have a lot of debt, but all of a sudden you've got a big hit to your income. And what I'm thinking first and foremost is you're a good salesperson, yes or no? Yes, sir. Then I would get after it.

We are in a really good economy right now for jobs, okay? And so I'm looking at anything and everything that I could sell that would get me in that $10,000 to $15,000 a month range, because you were making $15,000 at your high. And so I think of that, you know, the roller coaster of car sales, I think $10,000 to $15,000, you'd be fine, correct? Correct. Then I would get after that. I think this is an urgent situation. And I think you hanging around at the car lot, wasting away emotionally, is what I'm

concerned about, John. I'm concerned about that. I want him to get healthy emotionally, but he also needs to kind of get the financial stuff stable, and then we can get some healing. So, Rich, I love what Ken just said. This is an emergency. Okay? I want you to treat it like such. healing. So Rich, I love what Ken just said. This is an emergency. I want you to treat it like such. And also,

step back 30,000 feet and look at your life. Divorce, about to lose your job, salesman, you were balling at $15,000 a month and now you're making below minimum wage. You got scammed. All these things are identity

hits. I'm a loser. I'm dumb. I'm not who I once was. I'm not even lovable. And that's all bull crap. It's all a lie. You're in a lull. And when somebody is struggling like you are, the key is little tiny wins over and over and over. I'm going to get up at this time and I'm going to go exercise. I'm going to get up at this time and I'm going to call somebody and say, I love you. I'm going to get up at this time and I'm going to go exercise. I'm going to get up at this time and I'm going to call somebody and say I love you. I'm going to get up today

and I'm going to apply for three sales jobs because I'm a stud salesman. I just can't sell things that don't exist anymore and that's out of my control. You're a hard worker, brother. You got a good spirit.

I'm a very hard worker. I know you are. Up in Connecticut, I've been sales manager. Dude, hey, you're making great money. You don't have to convince me. The person you've got to convince right now

is you. I think you're right. I want you to stand up tall, stare down the mirror. I want you to get on the phone. The world needs salesmen. Like Ken says, it's a hot, hot economy. There's just no cars to sell, brother. By the way, you're already trained, so don't let this doubt creep in. Well, I've only sold cars.

That doesn't matter. You were selling solutions that had an engine and four tires. That's exactly right. And so you've got to really transfer that experience and skill set. And I'm going to echo what my colleague said. He's absolutely right, Rich. This season that you're in is not your sentence. You better make sure that you take steps forward to change your life,

and it's right there in front of you. Little wins, little wins, little wins. Hey, I want to thank our producer, Ben Hill, our associate producer, Kelly Daniel. I want to thank my colleague, Dr. John Deloney. And we want to thank you, America. This is your show. This is The Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast.

It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.