The Ramsey Show - App - How Do I Find a Job During the Pandemic? (Hour 3)

Episode Date: June 17, 2020

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. My co-host on the show today, Christy Wright, Ramsey personality, number one best-selling author of the Business Boutique book and the entire movement of Business Boutique. Just launched her new podcast, The Christy Wright Show. Be sure to tune into it, and you get to talk to Christy any time you want doing that.

And she's here for you today. We're going to talk about your life and your money. The phone number is 888-825-5225. That's 888-825-5225. Josh is with us in Missouri. Hey, Josh, welcome to the Dave Ramsey Show. Hey, Dave, how's it going? Better than I deserve. How can Christy and I help? So I guess I'll try to make a long story short here. I have been on the plan for a couple of years and have really enjoyed it, and I've kind of spread the word to friends and sat down with them and sort of helped them roam their numbers and see what their finances can look like on your

plan. And I've been kind of looking for a way to legitimize that. But being still in babysit to myself, the financial coach master training is not really in the cards at the moment. But a friend approached me, basically asking if I had ever considered a career in financial planning, or at least a side hustle. And he invited me to a meeting and I googled the name of the company and their beliefs aligned very closely with yours. And so I went and met with them and got signed up. And then afterwards, I kind of did some more research and discovered that this is an MLM, uh, which made me a little bit skeptical. Um, I've heard what you have to say about MLMs. Um, but I don't feel like I really meet the personality type that succeeds in that.

Um, so basically I'm looking for like, what are sort of some things that I should be looking out for? And, like, how will I know whether this is for me or not? Well, I think one of the things that would bother me immediately is I signed up for something and they weren't clear that they were an MLM. They hid that. And that's a red flag. It may not necessarily be a company-wide issue it might just be that particular hierarchy that that's how they've decided to to not talk it through but uh it's not going to be very successful for them because the secret to an mlm is to recruit the right

people that know how to recruit and train people not necessarily to move the particular product that's where the success comes in mlMs is the building of a hierarchy. It's not the moving a product. And it's, you know, it's the way the business is done. So, you know, if you're asking should you stay in it, I think that's one red flag that the particular hierarchy, at least that you've gotten in, intentionally or otherwise, you were not presented a full picture before they took your money.

You know, that's disturbing. Then the second thing is, you know, you just got to get into it and say, are these products that I actually want to represent? And that's fairly easy to do. You can shop the products and say, you know, is this insurance, can I get this insurance cheaper through Zander? Can I get the, and if so, then you've got a problem, right? And are the investment, is the investment advice solid?

I mean, is there some training involved? Is there some stuff I'm going to get to get to be a part of there that makes sense? And those are the red flags you're looking for is just can I get through this with my integrity intact when I talk to my friends about the business that I'm in? And that's important, Christy. You've got to be able to feel comfortable with the process. Yeah, and you just hit on something that I think is really important, and I've heard you talk about this before when it comes to direct sales, multi-level marketing companies.

What makes people the most frustrated a lot of times when they get into those is they thought it was one thing, but it ends up being another. If someone comes to you and says, hey, I want to recruit you to recruit people to recruit people, and you love recruiting people, cool. Go do the thing and recruit people. That's your thing. Awesome. But if I pitch you, hey, you're going to sell life insurance, investments, whatever the thing is, but your actual comp is attached to you recruiting people and you don't want to recruit people, then you're not in the right spot. You're not going to be doing something that is in line with what you're good at,

what you want to do, what you thought you were doing, and it's going to be very difficult to be successful. So I think it's really important to understand how you earn an income through this business is it attached to the work you actually want to be doing and that's what gives multi-levels a bad name i know i know and i have a lot of women in direct sales in the academy in the business boutique and many of them are successful and i'm constantly reminding them everyone is not in your target market everyone is not a prospect. You need to find people that want to do the thing that you're doing and everybody else leave them alone because it's given you a bad name.

Yeah. I mean, I, you know, I've had people try, you know, I'm running a $250 million business and they're going to recruit me. I know they, yeah. You'd be really great at it. You know, you're good at sales. I probably would be. Yeah. You know, but it's just. You know, you're good at sales. I probably would be, yeah.

You know, but it's just humorous. I know. What do you say? And you lose credibility. I mean, it destroys what portion of MLM that is legitimate is destroyed by that attitude and that process. And that's exactly what you're running into here, Josh. All right, number three, line three, that is, is Joel. Hey, Joel in North Dakota, how are you? Hey, Dave.

Hey, Christy. How are you guys doing? Great. How can we help? Good, good, good. I'm 40, and I finally figured out what I want to be when I grow up. I want to start a large caliber indoor rifle range, and there isn't one in the state here.

But in order to do that, I'd like your advice on how to not jump off the cliff of stupid. So the only thing I know is that there is a big empty Kmart building around here, and I could easily renovate that into what I need, but that's intimidating. It's intimidating to say the least. Yeah. Well, the shorter the term the lease is, the more risk you've got on the renovation you put in, but the less risk you've got if this doesn't work. Or, you know, if you run out of money before you get the idea up and running, in other words.

And so I would not sign a five-year lease on it, no. If you can rent it from them because it's sitting there empty month to month and you can go in there for a few thousand dollars and a lot of sweat and get your buffers up and figure out a way to absorb those blows from a large caliber uh that's a bit of a uh an issue uh the other thing you've got in most states is the exhaust system is pretty substantial. I shoot, and so, you know, the problem is the GSR, you've got to get it out of the building because you'll choke to death on the stuff in there. And a lot of areas have pretty stringent health department requirements on indoor shooting ranges.

So that's probably going to be your biggest equipment expense. I mean, you can build the buffers out of a lot of stuff, but if you're going to stop a 50 cal at 100 yards or 150 yards, that's going to be a backstop, baby. Oh, yeah. Definitely, definitely. Do you have money to start this still? No, I don't.

A couple years ago I was debt-free, but then I got married, and now we're in baby step two. And the COVID situation laid me off for a couple weeks. And now we're – I finally got her fully on track, so now we're on Baby Step 2, and we're cruising through that. Yeah, here's what I tell you, Joel. You've got to start small. Find an outdoor field. Find a different way to do a baby version of your dream that you can afford. Yeah, you can't afford to take on a big project right now yeah we're talking about tens of thousands of dollars

to get this thing up and running and so christy's right let's start an outdoor range first and then move from the farmer's field that you've been renting with some dirt backstops to an indoor with a membership list this is is the Dave Ramsey Show. Business leaders now more than ever, we need people with the right skills to support our communities, especially the frontline workers who provide resources and care for those most in need. To help, LinkedIn is offering free job posts for healthcare and essential service organizations that need to quickly fill critical roles with the people who help us all. If you are hiring for one of these organizations, free job posts on LinkedIn can help you quickly find the right people for your frontline. LinkedIn jobs

can help by screening candidates for skills and experience you're looking for and putting your job post in front of qualified people who have what you're looking for so you can find the right person to quickly fill critical roles. To post a health care or essential service job for free or if you're in another industry and have hiring needs, visit linkedin.com slash ramsey. LinkedIn.com slash ramsey. Terms and conditions apply. Our question of the day comes from blinds.com. They have a 100% satisfaction guarantee. That means even if you mismeasure or you pick the wrong color, 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 magic word, the promo code Ramsey. Christy, our question? Yes, this question comes from Charlotte in New York. She visits DaveRamsey.com to ask. Here's what she wrote. My question is, I'm in beta mode for launching my business called Wake Up With Friends,

a virtual guided morning ritual that I conduct over Zoom. As I'm still developing my infrastructure for my business, website, et cetera, should I be charging people while I'm still figuring the mechanics out? I think you could go either way on this, Dave, and I'm curious what you think, but I see a lot of people in kind of the beta testing mode. They might charge an abbreviated rate, a discount rate, a sale rate, whatever, to kind of give people an opportunity to get in and test it while they're also testing it. But that income helps them fund finishing up the website, finishing it up. What do you think? Well, if you're beta testing the technology, you don't necessarily need to do that.

If you're beta testing the business model, then you need to charge for it because you're trying to figure out if people actually pay you. Right. A lot of people do something for free and then they won't do it. It's like they lie on surveys on surveys you know we do a survey that says you know how many of you think of getting out of debt is important 97 yeah well that's good and then how many people actually do something about it how many of you would do something about it well 97 say they'll do something about it how many of you would pay five dollars to do something about it no i'm out and so you know you're checking your you're checking how much of your customer is lying right yeah how much they'll follow through you know because they're do they really care or are they just answering a

survey yeah the way that you think they want them to do it so like we've got two different technology products in beta right now and uh one of them we are it is a financial product and we're charging for it because we want to see how people react to the cost as well as the actual technology the other one's just technology and so we just got to make sure the app's working and that it's you know some human being in the human beings in the wild not just inside the building here i've actually used the sink and stinking thing before we put it out there right and so um it depends on what you're trying to accomplish as far as i'm concerned that's what i would say yeah that's good yeah the the um yeah

how many of you would buy a book on getting out of debt everybody raises their hand okay they're five dollars all the hands go down you know i mean it just it's uh that's a thing i've experienced over the years quite a bit and so if i'm in if i'm doing this i'm probably charging yeah because you're checking the concept what we call proof texting the concept in the marketplace and uh is they will people really do this yeah because your theory is they'll really pay for this wake-up ritual with a group Zoom deal. And also the other thing I would tell you is try to not base all of your success as soon as possible. You may have to launch it on one particular technology. Let's pretend you built a nice business and Zoom went belly up.

You got to have another technology. Yeah. And yeah, I don't we don't base all of our business on Facebook or YouTube or Instagram or Twitter or any or Sirius XM or radio, a certain radio station or podcasting or whatever. Yeah. We put it on all of it yeah you diversify yeah and that way that way if one of them uh becomes the thing then we're there and if one of them isn't the thing then we're still there we're not just there yeah and that's the issue right now zoom's a big popular thing but who knows in a year yeah it sounds kind of to me too like she's saying this is my this is my 1.0 version like were just saying, I'm going to start small and put it out there. So you charge, you put it out there, and then sure, you'll iterate and improve as you have this conversation with the marketplace,

which is what we would continue to do regardless. So I think that's a great point. Agreed. Very good. Jake is with us. Jake's in Arizona. Hi, Jake. Welcome to the Dave Ramsey Show. Hey, Dave and Christy. Thanks so much for taking my call. Appreciate it. Sure. What's up? Okay.

So unfortunately, back in April, I was laid off from my job. So my company was already going through a merger from the end of last year. And then COVID hit. It just wiped a ton of the revenue out from the company. And I was notified that I was being laid off permanently. My position was being eliminated. So, yeah, I'm in sales in the sports business industry. And so during my job search the past two months, there's just been like very, very few opportunities

with the landscape of the industry right now. And, you know, it might be a while more until more positions open up. So my question is, you know, I'm 29. I'm single. I have zero debt, pay know, I'm 29, I'm single, I have zero debt, pay for my car in cash, rent an apartment, so I don't have a mortgage, and have like a pile of money saved. So like, would you take another job doing something that's like not in my field, not something that, you know, I'm passionate about, or kind of wait it out and, you know, see if another position in sports opens up.

Another position in sports. Yeah, just in the industry. I'm into sales. I understand, but here's the thing. Once you know that you can sell a product that you believe in and you've proven that you can do that, you're very valuable in the marketplace. And so my question would be, if I'm in your shoes, I'm going to look in the mirror and say, what am I excited about in addition to sports?

Yeah, that's exactly what I was going to say. That can't be the only thing you're passionate about, hopefully, Jake. Are there other things you get excited about besides sports where you could use those same sales skills? Yeah, I've thought about that. And, you you know i really haven't found it as much you know a few years ago i i went to like a startup tech company uh where you know i really believe in their product and i kind of just failed miserably uh and i kind of after that had a difficult time getting back into sports for a couple years until i found my last job. But I kind of just went through a down few years when I wasn't working in the sports industry. So that's

just why I'm really concerned. Oh, okay. Well, I just wonder if there's something that is similar to sports, but not in this exactly sports industry. Like first thing that comes to mind, Jake, is fitness, athleticism, anything with anything in the fitness industry, which is still doing well right now, as far as I know, people, you know, have have time to work out and that type of thing where they can within, you know, the guidelines and stuff. But I wonder if there's something you could do there that you would get excited about that has that still lights up that part of you that loves sports and you could use those skills. Yeah, I have sold some things in my youth that I didn't believe in as much as other things. But I think in my life today, I know how to sell.

I'm a marketer. It's what I do. I know how to sell ideas, and I know how to sell a lot of different things. And I think I could find something in addition to this. My guess is that when you failed miserably before, it may have had to do that your skills weren't as developed as they are now and or the product that you were ripping sucked. And it didn't turn out to be, you know, you believed in the idea,

but the implementation maybe wasn't there and those kinds of things. So I'm going to find, I mean, you're probably selling sponsorships and, you know ads for the hockey arena or whatever if you're doing mark you know doing sales in sports it's got to be generating sponsor revenue of some kind i would be my guess and there's a lot of things that that we have sponsor sponsors for our events and people that sell those. And so there's a lot of different things you could get into that, um, that would be consistent with the, the, the, the things that you love. So what I'd do is dig down into what you identify, what you love about what you're doing.

Um, cause I really challenge you that I don't think it's just the subject matter. Uh, I think there's more to it than that that has caused you to be successful. And you might find a whole new direction for your career. I don't know. Jump on KenColeman.com and download some of Ken's materials. I'll send you a copy of his book, The Proximity Principle. It's the number one bestseller, and it's a great way to land a position. The proven strategy that will lead to the career you love is the subtitle,

and it does do that. But for sure, there's a month or two here that it's going to be a while before sports marketing kicks back in at the level that it was before. These skills are just transferable. Yeah. I would use this time. I wouldn't sit it out. I'd use this time to be doing something.

No, I'm not going to just sit and wait on something to happen. That's just that no sale ever occurred because you sat and waited. So I'm going to do something with my time. But, hey, interesting question. Sorry you're going through this, but I think you're going to be okay out the other side of it. This is The Dave Ramsey Show. Folks, save cash by fixing your major appliances yourself. Get your parts from my friends at Appliance Parts Pros.

We just heard from a listener who said he saved his family at least $500 by getting his parts and expert advice to fix his leaky fridge and dishwasher from appliance parts pros these guys carry over 2 million appliance and outdoor power equipment parts and offer easy returns caleb is in kansas hey caleb welcome to the dave ramsey show thanks for taking my call james. How you doing? Sure. How can we help? I was calling because me and my wife just purchased a home, and we're in the process of closing. So my question to you was, is it worth it to pay the PMI up front or pay the $70 a month extra on top of the mortgage? So my options are to save $70 a month extra on top of the mortgage. So my options are to save $70 a month or pay $4,000

up front for the PMI. Okay, so you're talking about five years. No, I wouldn't pay it up front. I'd pay it monthly. You'd pay it monthly? Yeah, here's why. Hopefully you're going to reduce the mortgage enough that the PMI goes away, and or there is a likelihood during five years that you sell the house or refinance the house and do away with it, and then all of your prepaid goes away. And so, no, I would not prepay it. I'd do it monthly. And that's the best route to go. For those of you who don't know, PMI is private mortgage insurance.

When you don't put down 20% or more on a conventional mortgage, they charge you private mortgage insurance, which is basically foreclosure insurance, Christy. It means that if they foreclose on you, it pays the bill if the bank loses money. The mortgage holder loses money on the house. And so if it doesn't bring enough at foreclosure, it covers the difference. And if you don't put down enough of a down payment, that loan-to-value ratio, the amount borrowed is up closer to the value, and there's a higher chance they're going to lose money.

So they require a PMI purchase, which is about $75 a month per $100,000 borrowed. And some of the loans offer a prepayment option, like he's talking about. Now, the average mortgage loan is only on the books 5.6 years due to being refinanced or the house being sold, one of the two. That's the average in America. So almost no one keeps a mortgage very long for one reason or another. Joe's the average in America. So almost no one keeps a mortgage very long for one reason or another. Joe is with us in Virginia. Hey, Joe, how can we help?

Dave, Christy, thanks for taking my call. Sure. How can we help? Hey, so we're on baby step four, five, and six, and our son's getting ready to start kindergarten at a private school. So I was thinking about paying off our home to free up cash flow for the school payment. But we have some stuff that kind of makes it a little bit more complicated. I own my own business and we've been kind of hit hard by COVID. So revenue is down quite a bit. And then my wife,

she has stage four cancer and so she's currently fighting her third recurrence. We've been doing this for about three and a half years and it's kind of like a chronic thing at this point. They expect it to barring a miracle that it's going to continue to come back. So just trying to figure out what we should do. We have, between the business and our personal account, about $150,000 in cash, and the mortgage balance is $67,000.

Okay, you have how much cash again? $150,000. Okay, because my brain stopped back there at stage four cancer, and I quit hearing anything after that. Yeah, I'm sorry. It's our normal now after three and a half years, but, yeah, no, it's crazy. Okay. So I'm not a medical person.

I'm just a dude. So when I hear stage four cancer, I don't hear chronic. Help me understand what you're talking about. Stage four means it spreads to other areas of the body, but at this point, you know. Was it leukemia? No, it's a type of sarcoma, which is a soft tissue cancer. So it comes back, but at this point, they're able to continue treating it. But the expectation is that it's going to come back,

and at some point it could spread. Once it spreads to a certain point, they won't be able to treat it. But currently it's treatable, and they will continue treating it until it's not treatable. Okay. So the prognosis is good in terms of survival today, but it's going to be an ongoing pressure uh obviously physically spiritually and even financially right

hello i think we just lost him uh call dropped okay um um well what what we've taught people to do for years and is you know the the financial guidelines we give you are presupposing uh that your life is not hit by a hurricane right and cancer is a hurricane right and And so when you're fighting cancer, that's like a full-time job. Yeah. And so I'm going to focus on that. Yeah. So would you keep that cash for medical bills for anything that would happen? Yeah. And I would be conserving cash a lot of different ways. I'd make sure the business needs to be viable because it's feeding the family and it's giving you the money to fight cancer uh kid being in private school is not necessarily that's that that's up for grabs as far as i'm concerned because the main thing here right now is uh beat you know

do everything you can to beat this yeah and you don't want to leave you want to leave you don't want to leave anything you want to leave it all on the field here yeah and uh you don't want to leave it all on the field here. Yeah. And you don't want to say, oh, I paid cash for private school or I, you know, didn't do this. And then I didn't have the money to take care of this treatment. That just wouldn't be. Right. Obviously, that's a bad choice. And so I'm not saying you'd make that choice or anybody would make that choice, sir. But, yeah, he's been doing this for three.

He's been in a hurricane for three and a half years. So it's, I've been in it for a minute. Right. It's normal to have. Yeah. Yeah. So it's harder for me.

I'm still staggering along here to answer this cause it's just, it takes your breath away. But yeah, I, um, yeah, I'm going to, I'm going to stay on point and fighting cancer is the point that that's your main thing you're doing. Yeah, I'm going to stay on point, and fighting cancer is the point. That's your main thing you're doing. Nothing else really. Everything else takes a distant back seat as a secondary issue until you get the other side of it, until you get a different kind of a prognosis.

And because you don't want to look. You never want to look back 10 years later and say, well, what if we had done that? What if we had had the money to go try that alternative treatment? What if we had done that? And I want to leave all my options open, and the more cash you have, the more options you have. Nicole is in Louisiana. Hi, Nicole. Welcome to the Dave Ramsey Show.

Hi, Dave and Christy. Thank you for taking my call. Sure. What's up? I have a question, a dilemma, rather. I work in a public sector in the accounting field since 1994 without a degree, so I was blessed in that regard. In 2016, I left the job because I was feeling unfulfilled and really felt like I needed to make more money. I currently make about $49,000 a year. I'm debt-free. In 2016, when I left the job, I pulled out all of my money out of my pension because I divorced.

Our marital home flooded. Just a myriad of things happened during that year. So I have no retirement because we had a pension, so they didn't take out Social Security. So that's one dilemma. I'm thinking about returning to school to finally obtain the accounting degree that I feel like I may possibly need because though I have the experience, most jobs that would pay a higher salary is requiring that degree. Just wanted to get your advice. And also, let me throw this in.

I will be 50 next September, and I would love to purchase a home, so that's what I'm trying to do at the moment. So I don't know if I should put the home to the side and pay for the degree in cash and just not worry about the house, which is very important to me. Well, they're both very important to you. The degree helps you get the house, right? Right. If you're going to stay in that field, it sounds like it's a stepping stone for you,

and it has been a blocker, and that is a reasonable blocker in the accounting field. So have you priced out what it'll take in time and money to get your degree? Well, with me working full-time, I'm assuming I'll have to take night online classes. I haven't really looked into it, so I'm not really sure what it's going to cost me. I think you need to do that. I'm just afraid that it'll take me a longer time, and I don't know if I'll be able to get the house, which is important to me by next September. I don't think you're going to make it next September if you get the degree.

And if you get the degree, you're going to get a different house because your income will be different. So you can do either one. I don't care which one you do. But your conundrum is you're pitting them against each other, and I think you just need to put them one in line behind the other one. Yeah, together. Prioritize them. Either direction.

I don't care which one you do first, but you probably need to do both of them. Good question. Thanks for calling, Joy. This is the Dave Ramsey Show. hey folks father's day is just around the corner if you're looking for the perfect unique gift to give dad i've got it grip six belts if dad's like me he's not a fan of traditional belts they never fit right and they're uncomfortable. Grip 6 belts are exceptional. Owner BJ designed a truly modern minimalist belt made of high quality materials with no holes, no flap, and no bulk. And the buckles come in

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Franklin D. Roosevelt said, We cannot always build the future of our youth, but we can build our youth for the future. One of my favorite things is Proverbs is not written, Christy, as you know, in sequence. It's not a line upon line. It's a series of statements or quotes by and large. But it is interesting to me that Proverbs 22.6 is train up a child in the way he should go

when he's old enough to depart from it. Proverbs 22.7, if you keep reading, says, the rich rules over the poor and the borrower is slave to the lender. Hmm. Like train up your kid to not go into debt? That's what I heard. Yeah. That's what we've been teaching for a while.

That's what I heard. I don't think it's accidental that those are back-to-back. If you're like most Americans, your car may have gotten a little dustier this year, and it's not because of the pollen. It's because you've been staying at home, and with less cars on the road, there's less risk for your insurance company, which means you might pay a lower premium this month.

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Joy is in Virginia. Hi, Joy. Welcome to the Dave Ramsey Show. Hi, Dave and Christy. I had a question regarding my husband's job search. He has been unemployed for only a couple of weeks now, but we saw a position open up at the company that I'm working for that he would be a great match for.

But given my husband, I'm not sure how I can make that referral. He wouldn't be working even in the same building or even in the same city as me, but we go to the same human resources, and I'm wondering how you would recommend I make a referral for him. your company have a policy about that not that i'm aware of okay i think i would just be funny about it yeah that's what i was gonna say you just call it out i have a good time where they go hey this guy's a really good guy maybe a little biased i don't know it's just me yeah he makes me breakfast well on occasion he does well mother's day i mean we could call it out i don't know

have some fun with it though and just tell hr obviously i obviously i have a conflict of interest but uh but you you hired me and i'm working out which is a good indicator that people like our family are good folk right and he's great match for it and has all the education all the requirements that they need so i was hoping you know that's way something so i just don't want to be just too weird to make a referral no i don't think it's weird unless you make it weird i mean i think like dave said if you just call it out, see things get weird when you try to avoid the awkwardness, but if you just go head into it and have fun with it, it's disarming. And then it makes you and him that much more likable and them that much more open to it. I mean, obviously they'd want to

be interested in his experience and skills, but I'd open it with something funny and fun, like Dave was saying. And it just opens the door for them to consider him for his skills skills but also knowing that he's your husband so yeah i think you can have some fun with it i think the other thing you need to consider is the downside to not the organization but to you guys if um if he got in even though he's not in the same building or whatever and he got an apartment had a bad experience is that going to sour you on your job? I don't know. I work public health and he'd be working more public relations. I know, I know.

But it is the same organization. Right. And if someone in leadership pooped on him, even if it's in a different building, it's still poop. Yeah, so the same company that might poop on me or make me sour towards them yeah and you got to think about that it's one of the reasons we don't hire uh we our policy is we almost never that's how we say it because sometimes we do but we almost never hire relatives and that's the reason is because if you if i have to reprimand or even fire your husband, it's very hard for you to stay engaged and love in this place, you know?

Right. Right, that makes sense. Yeah, blood is thicker than water in that regard. So you guys just need to talk through that potential awkwardness as well from your perspective if you want to do it or not. Because my fear is that if i lose one team member because of something's going on i may lose two just because they were they're connected at the hip you know and and it just that's the problem not their distant cousins

or something that's different but husband and wife you know that's that's tough we did we have hired uh you know occasionally but but it's a very, you know, we talk about it openly. We, like you said, we approach the awkwardness. I think a lot of times if you just say stuff out loud, it does away with the demons. It's amazing how disarming that can be because I think people try to keep the peace and keep things normal by avoiding it. That actually just makes it weirder. Just go straight into it and call it out and be like, hey,'m married to him this is uncomfortable this is maybe a little bit you know obviously i'm biased but hey let's talk about it are you open to it we've talked about it you know here's

the potential concerns or whatever like you said i do think it's interesting with the aspect of the effect on their marriage because that's a lot of time in the same worlds your home world and your work world even if you're in different departments it's the same type of world you may want to have like some rules like we don't talk about work, but a certain time at home. Yeah. And then we turn work off. Yeah.

That'd be a good idea. All right. Mary is in Texas. Hi, Mary. Welcome to the Dave Ramsey Show. Hey, Dave. How are you? Thanks for taking my call.

Sure. How can we help? So I have a question. Um, my husband was in the oil and gas industry here in Texas and this, you know, um, it's not doing very well. Nope. Uh, so his company, uh, laid off about 60% the employees and he was caught up in that. And, um, he created a consulting company, found some, uh, part-time work for maybe the next three to five months for about 20 hours a week. But we're still not where we need to be. At the end of the day, he got like a settlement type thing with his company.

They paid him a couple years of his salary, and we got 18 months of insurance so how much money did you go uh he got about right under 600 000 okay wow and um not bad and and so his concern is is that he came to me the other day and this just happened like a week ago he He said he wanted to invest in a oil franchise, like an oil change franchise. And I, you know, just almost fell over. And I said, well, wait a minute. You know, the economy is not really great right now. And I don't know how many people are getting oil changes. I'm not sure if that's where we need to go. Maybe we just need to sit for a little bit and really think this through. So he's been watching these sales things and these people for franchises that have been calling him.

Yeah, once you get on that list, you're going to get hammered with salespeople and franchises. I don't think he needs a franchise. I think he needs to stop. He needs to figure out who he is and where he wants to go and then decide if a franchise is going to take you there. Franchises are not success in a box, and they sell themselves sometimes as that.

And so, Christy, I'd want him to go back and learn, think about who do I want to be when I grow up now. Yeah, yeah. And you have, what's so great is you have the time to do that and you have the money. You're sitting on a ton of money. You've got some freedom and options. I wouldn't just look into this next thing because it's in front of you, man, take some time to really figure out what this next step is. Cause, cause you got all the options. That's a good place to be. Sometimes franchises are a good idea, but when they're sold as success in a box, it's a bad plan. And, you know, you need to be successful.

You need to be doing something God designed you to do. And you need to think through what that is and then figure out if a franchise fits that. That puts this hour of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. This is James Childs, producer of The Dave Ramsey Show. On your smart speaker, you can add our skill by saying, Alexa, open the Ramsey Network skill.

From there, you can listen to all our shows, ask Dave money questions like, how do I invest my money, or what is the debt snowball? Find out more at DaveRamsey.com slash smart speaker.