The Ramsey Show - App - How Do I Get a Job With No Experience? (Hour 3)

Episode Date: November 30, 2020

Retirement, Savings, Career, Debt Sign Up for a FREE trial of Ramsey+ TODAY: https://bit.ly/31ricKt  Tools to get you started:  Debt Calculator: https://bit.ly/2QIoSPV Insurance Coverage Checkup: https://bit.ly/2BrqEuo Complete Guide to Budgeting: https://bit.ly/2QEyonc Check out more Ramsey Network podcasts: https://bit.ly/2JgzaQR

Music Music Music Music Music Music Music Music

Music Music Music Music Music Music Music Music

Music Music Music Music Music Music Music Music

Music Music Music Music Music Music Music Music

Music Music Music Music Live from the headquarters of Ramsey Solutions broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host, Dr. John Deloney.

Ramsey personality, best-selling author of the book Redefining Anxiety is my co-host. We're here to talk to you about your life and your money. You got issues and you want to talk about family things after Thanksgiving? Well, Dr. John is here. It's a fairly fruitful topic, no pun intended. Maybe a thing or two, that's right. Might have been some stuff over Thanksgiving some of you need to unpack. It could happen.

I don't know if I'm the guy for that one. I think I've got to call into my own show to unpack some stuff. Such it is. The great news about Thanksgiving is you're with family. The bad news about Thanksgiving is you're with family. Yes. I mean, that's how that works. It just depends on the one you come home with.

There's that uh open phones as we talk about your life and your money 888-825-5225 kathy's in miami hi kathy how are you hi thanks for taking my call i'm so excited to talk to you you too how can we help okay um to put it simply as i can i guess I'm looking for either reassurance or a kick in the pants about whether or not we're on track to be good in retirement. I am 50. My husband will be 55 the end of this month, and we're both in federal law enforcement. He hits mandatory retirement. He hits mandatory retirement in two years. And we started the baby steps a year ago. We're still on baby step two, about $80,000 in debt to pay off. And we'll pay off this $80,000, I'm estimating, in two years, right,

when he's hitting retirement, which is also when our oldest daughter will be starting college. He is going to try and stay on as a rehired annuitant or something like that, but he won't be able to contribute to the TSP at that point. And we're not contributing now. We stopped it a year ago. Is that how he can make the most money is staying on? Why doesn't he change employers upon retirement? Because I don't think that either he or I have any idea what he could do that would

He could go work full--time at his age he could go work full-time as a police officer at your university of choice and your kids would go free i know a number of officers that do that he could go be a consultant and make more money than y'all know what to do with he's not he's not a peace officer though he's a federal agent it's exactly right and what i'm telling you is it's thinking outside that box again you've got this you've got this either or this is what we know was he atf or fbi or what uh homeland security okay well why wouldn't he be qualified to do lots of consulting for companies that need security analysis? He probably would be qualified.

I don't think he would want to do that. Right now he teaches at their academy, and he loves doing that and wants to stay there doing that once he is forced to. Okay, so they would pay him what he's making now to stay, but he would lose all the benefits he would i know he would lose the tsp benefits um and i believe his salary would be reduced by what he's receiving in his pension i believe i'm not exactly sure okay how it well number one let's back up okay how much how much do you – you didn't call about that,

but the answer is I think he needs to consider other career options. I think this one sucks, looking in from the outside. I think it's a bad use of his talents. I think he can make a lot more money and have a lot more joy moving on. It's time. That's why they call it retirement. It's time for him to go do something else. Now, having said that, how much is in your all's nest egg, in your TSP?

Combined between his and mine is about $700,000. Okay. And you're 50 and he's 55? Yes. Okay. All right. So if that is invested in the C plan, the C plan is averaged a little over 11%, and the vast majority of it should be in the C plan.

If it's not, move it. Okay? I think it is. It's C, S, and I. What we teach. But most of it, I believe, is in C. Okay, so you're doing what we teach. So you should be making north of 10%,

which means roughly every seven years your nest egg is going to double. So in seven years when you're 57 and he's 62, if you add nothing to the TSP, it would be 1.4. If you wait seven more years, it will be 2.8. Okay. You're okay. So we will be okay. You're going to be okay.

But in the meantime, you'd going to be okay but in the meantime we also in the meantime you'd like to be adding to it and in the meantime you'd like to be making enough to eat so you don't have to touch this nest egg right and if his reduced salary dollar mortgage yeah if with his reduced salary and your income do you all want to live on that, or does he need to do what I was suggesting and get a little better bang for his buck? Because let me just tell you, here's what's running through my head. The highest income decade of the typical person's life is their 50s, between 50 and 60 years old is the highest income of the typical person.

And the reason is very simple. It takes people a while to find their passion, get in their passion, develop their skills, and do a bunch of stupid stuff that they never do again. And so your career typically apexes in your 50s. You're in your 50s. He's in his 50s. And he's going to retire and take a pay cut in the decade when he ought to be making more than he's ever made in his whole freaking life

because all of his book of experience is so valuable in the marketplace for the next 10 years from 55 to 65 he ought to be apexing that puppy not taking a pay cut to stay in his comfort zone that's what's bothering me and i'm not picking on him not saying he's doing something wrong i'm not saying he's mailing it and i'm not saying he's lazy but he's just missing opportunity is what I'm seeing. And I think he could find great joy in developing a law enforcement academy on his own or working with or consulting with law enforcement academies. He's taught for years there. He knows the inside of it. He could teach businesses how to prepare for critical incident stress. There's so many things, Dave, and this reminds me very similar.

So the answer to your question, Kathy, before John goes, is you're okay. To a parent who realizes their kid's 16 and they got to go to college in a few years. Mandatory retirement age is mandatory retirement age. Don't let that sneak up on you. Have decisions and ideas about where you're going to go and who you're going to be. Start planning for these things. Explore other businesses. Talk to folks who've already left the thing before, right? Plan for some of this stuff instead of letting it just sneak up on you and then thinking, I don't know. We'll see when he – man, you're going to find yourselves psychologically crazy

because you haven't prepped for what's coming. He may have decided what he's going to do. He's going to stay there. I mean, that may be – but then she's left. She's left wondering if they're okay. Right. That's right. So the whole thing

hasn't been pushed all the way through. By the way, y'all, Christmas this year, December 25th. No surprise. They don't move it. Every year. They don't move it.

Mandatory retirement. Same age. Don't move it. They don't move it. And by the way, mandatory retirement doesn't mean you have to quit life. No.

It means you quit that job. You can start life now. Could be. This is The Dave Ramsey Show. I get the privilege every day to talk to smart, creative entrepreneurs doing great things for our economy. GRIP6 is no exception. BJ and the great team at GRIP6 know how to truly create smart products that are unique and makes everyone's life a little easier. That's why I'm so excited to announce to you that GRIP6 is expanding their innovative product line. You heard me.

Along with their no-holes and no-flap and no and no bulk belt buckles they are adding an aluminum wallet engineered to be the quickest and most intuitive way to access your cards and everyday wear merino wool socks the socks come in ankles and crew with wool sourced right here in the usa and all of grip six products are guaranteed for life folksP6 is rebuilding and modernizing American manufacturing with products sourced in the U.S. Give these products as gifts this season. To get the Dave Ramsey special, is my co-host. Open phones at 888-825-5225. That's 888-825-5225.

You jump in, we'll talk about your life and your money. Kim is in Sioux falls south dakota hi kim welcome to the dave ramsey show hi thank you both for taking my call so um my question is my father-in-law passed away a couple years ago and we were blessed with an inherited ira right now it's worth about 65 000 we're kind of torn on what to do with this money. We're on baby steps four, five, and six. We were initially thinking save it for kids' college. We have a 14-year-old, 5-year-old, and a set of twins who are two.

The other thing we're thinking about, and maybe this would be stupid to do, would be we're kind of saving up for cash for my husband's new truck, and there's some home things we want to do. Would it be silly to use that money for that, or should we play it safe and save it for kids' college, or is there something else we're not thinking to do with this? How much money is there? $65,000.

Oh, you told me that. I'm sorry. No, it's fine. Well, at the first of the year and by the go ahead go ahead oh sorry by the time the five-year-old and twins are done we will have our home paid off okay that's good news well um you're of course required to pay taxes but no penalties on any money you would try withdrawal from an inherited IRA. And there was a law passed in January called the SECURE Act,

and basically they have shifted the laws on the inherited IRA, and it requires that you withdraw the money within 10 years. And so you've got to pull out a tenth of it. Well, ours is two years old, so I was understanding that we're kind of grandfathered in. Oh, you might be. You might be on the standard RMD, the standard required minimum. You still have a minimum withdrawal, but it might be a lot smaller. You can't withdraw nothing.

That's not an option. It never has been. But that's true. You probably are right. Okay. What would I do? You have no debt except your home, right? No, just our home, thanks to you.

Yeah. No, I didn't pay it. You did. Way to go. Yeah. So, and you mentioned how close are you to paying off your house? Oh, about nine years we're projecting. What's the balance on it?

About $300,000. Okay. And what's your household income? Just shy of $200,000. Oh, you're doing great. Okay. Well, it's just whatever you use, you're going to have to pay taxes on. And so out of every $10,000 you pull out, $4,000 is going to go to taxes in your situation. Okay?

Mm-hmm. And so if you leave it in there, to the extent you can leave it in there, that $4,000 is the government's money is going to be used to grow you more future money and so i'm going to leave my hands off of it as long as i can because i'm delaying a tax bill and i'm using what is tax money otherwise to grow more money with does that make sense yeah and you don't need the money you don't need it for anything if you do it's there and you can just pull it out, no penalties, and pay the taxes on it. But, I mean, if you need a truck, you can save up and buy a truck. You make $200,000. You don't have any payments but a house payment.

If you want to go on vacation, you save up and go on vacation. If you want to start saving for retirement, kids' college, you should be doing that. You make $200,000. And let this money take the minimum withdrawals on it that are required and and that way the government you delay giving the government any money you have to give them as long as you can that way their money is making you money because you're making interest you're making and if you've got invested you're making a return on that four thousand out10,000, as long as you hold on to the $4,000. And so by cashing it in, now you've got $6,000 instead of $4,000.

Every $10,000 that you pull it off. And so it's pretty expensive money to use is what it is because the tax rate is so high because you make so much money. You're one of those evil rich people. You must be punished and get ready. You're about to be. Tell me about this mandatory retirement. I mean, this mandatory withdrawal. I've never heard that before. Well, when you do an inherited IRA only, not a regular IRA,

but if you inherit, your daddy passes away, like in our case, left there in IRA, you're the beneficiary. They have required minimum distributions, RMDs. At 70.5 on a traditional, you have required minimum distributions on a regular IRA. Okay. You're required to begin taking it out, and there's a table that they give you to do that with, and it's not a lot, but you have to begin taking it out so you just can't leave

it in there forever. Now, with a Roth, you can leave it in there forever. You don't have to touch it. Now, the new, if you inherit an IRA in the year 2020, she's right. She got it two years ago, so she's grandfathered in. Then you have to withdraw it all within 10 years. Okay. So in her case, if she'd gotten $65,000 in 2020, $6,500 a year for 10 years is the minimum.

Okay. And that way, the government is forcing you to liquidate it so that you have to give them their taxes. And that way, you can't just keep putting it down the road and never pay them. You can't kick the can down the road and make money off of the $4,000 per $10,000. That's their money that you're making money with. So it sounds like that's not a great vehicle to leave people in your legacy money. It's okay.

But it's just they've taken the – it used to be great, but they keep chipping away at it, figuring out a way to get their money out of you. Right. Because that's what they do. Yep. Because, I mean, obviously that was passed under the political agenda that rich people must be punished. Because if you leave an inheritance, you're rich. Right.

This is $65,000. Right. This is a middle class, lower middle class ira it was not a this is not a multi-millionaire but they're going to take what 20 000 of that yeah they'll take 40 40 percent of it she makes 200 grand it's taxed at her rate yeah so that household that house is going to be taxed at close to 40 40 plus or minus all the crap they get you with but But so, you know, yeah, it's $20,000 easy. It's probably, you know, approaching $30,000. And so that – but no, it's not a bad thing to do that.

It's just you have a 10-year drain down now on it. And so if you're leaving an inherited IRA, that's what you're doing. That's one of the beauties of the Roth product is once you get over into Roth, it's tax-free. You leave it tax-free. The government's already got their money. Still tax-free. Keep growing it. No, they're not going to get any money.

No, but they got it at your paycheck. Well, they got it. They got the pre-tax. It's an after-tax investment, so they got their money on that. But the growth was always free. That's right. And the growth is the vast majority of the account. So the Roth is a beautiful vehicle in that regard because you don't have required minimum

distribution at 70.5. You don't have required drawdown on inherited. It's just tax-free. I love it. And so if you've got the option of doing that, that changes things. But in her case, it's still a blessing. She's still got $65,000, but I would put it off. I kick the can as far down the road as you can kick it and keep their hands off as long as you can. Amy's in Chicago. Hi, Amy. How are you? Hi, I'm well.

How are you? Good. How can we help? Good. So we are really excited over at our house. My husband and I are in the adoption process. And about a week ago, we were matched with a little boy. So we have been advised by our pastor that it might be a good idea to open up to friends and family for financial assistance in completing his adoption, because not every family adopts, but it is a way as Christians to support adoption. We don't know that we feel super comfortable with that because of the amount of money that we make

and knowing that we can afford to write a check straight from our bank account for the amount of money that this will require. So I was just wondering your advice on that. I wouldn't. I would pay the check, and I would invite people to participate in a shower, in a baby shower or diapers and that kind of thing. But if you're able to do that, I wouldn't. What do you think, Dave?

I think that if you can afford to go on a missions trip, you should go on a missions trip. You don't need to raise money for it. If you can afford to adopt, you should do that and you don't raise money for it. However, I don't disagree with your pastor in the sense that maybe we can use your platform and the fact that you have been matched and you have this huge blessing in your life and you can tell friends and family to support the concept of adoption to find a couple who can't afford it all day every day and push them to do that and use your story your narrative to do that but you don't need the money this is the Dave Ramsey Show Thank you for joining us, America.

Dr. John Deloney, bestselling author of the book Redefining Anxiety, is my co-host today here on the air, Ramsey Personality. Open phones as we talk about your life and your money. Phone number is 888-825-5225. That's 888-825-5225. Maybe 2020 has not been good for your goals. Well, guess what? A new year is coming. You're going to get a clean slate, a fresh whiteboard. And with Christmas just around the corner, it's time to think about giving yourself the gift of peace, confidence with your money. How do you give yourself that? Well, Ramsey Plus. Ramsey Plus is the all-access membership to our best money tools and content.

You'll learn everything money with our online courses like Financial Peace University that's taught 6 million people how to get out of debt and how to build wealth. You'll make budgets that actually work with the world's best, most robust budgeting app, EveryDollar. You'll get all the motivation you need to make your money and goals a reality with the new Baby Steps tracking app. This Christmas, you could give yourself the gift of money confidence. Go to DaveRamsey.com slash store, and you can get into Ramsey Plus, or you can test drive it for a free trial. DaveRamsey.com slash store.

Look at Ramsey Plus and do the seven-day free trial. Open phones at 888-825-5225. That's 888-825-5225. DJ is with us in St. Louis. Hi, DJ. How are you? Hey, guys. How are you?

I'm doing well. Great. How can we help? Well, I am graduating in May with my master's degree, and I'm already starting to job hunt. And one of the issues I've ran into is that many of the employers that I'm looking at want X number of years of paid working experience. And I'm just curious as to how I could either A, circumnavigate getting paid experience, or B, make myself more attractive to them to want to take

a chance on me. What's your master's in? Exercise physiology and my field of study is cardiac rehabilitation. Okay, so what are you applying for? Cardiac rehab? Yes, sir. Okay, yeah, for any of those health professions, man, there's a season whether it's a medical doctor or what nursing tiers where you just got to go in brother and start grinding it out and put your time in and get to know folks there as our friend ken coleman talks about getting next to people at the first job you can take and grind it out and grind it out and show people that you are going above and beyond. Click in for extra shifts when you can. And you may not be able to go straight into the job you want, but if they want three years of paid experience and they see how you hustle after one

year, then they may pick you up and move you on. I had somebody do that for me. They took a third year that wasn't really a third year because it was three years required, and they counted it because they saw how hard I was working and the skills I brought to the table. But you're going to have to get in there and grind it out, but there's no way to circumvent it in the health care field, especially in the one you're doing, man, because they can't make a mistake there because a mistake gets killed. Right. And so the liability there, the expertise and wisdom there is there's not a lot of corner cutting going on. If it was another field and I don't know how this applies to yours and John may be sitting here telling me with his answer that it doesn't apply. But if it was another field, I would almost be tempted to find a way to eat for six months and offer to work for free or for three months. Let me come in there and work for three months and prove to you, and I won't charge you a dime.

Now, obviously, you'd have to have oversight and whatever to where they had a comfort level with your competence so someone didn't get harmed, to John's point. And I don't know how that kind of thing would work in the medical world. It's probably harder to do that in that world than it is in the business world, as an example. But if I have someone that doesn't have experience, we're thinking about hiring a marketing position, and you've got a master's degree, you're straight out of school in marketing. Translation, you don't know beans about marketing. Exactly. You just got a master's is all. Sorry, but you don't. You've never sold anything to anyone except your professor for a

grade. And so, you know, but you come in here and you're sharp and you hold the interview and you offer to work for three months for free to prove your worth, that you can add value, we would not let you do that. But that would be such an impressive offer. It would make us give you a chance of some kind or consider it if the only thing on the table was that you were fresh out of school. And we don't hire a ton of people fresh out of school, hardly any in here. Most of the people we hire have had at least one position before they come here, but we do occasionally. But again, any organization net-net is looking to see can you add value more than you cost. And that's what any employer is hiring for.

I tell our team all the time, I'm real straight with them, you have to make more than you cost me. Otherwise, this thing's going to fold up. Right. That's how this works. And so there has to be an ROI on everybody here, including old Dave. Right. And so otherwise it folds up like a cheap tent. And so but that's if you can figure out a way to get your foot in the door on something and be willing to work for free and deliver pizzas at night and you use that for to pay your rent and to keep your lights on and keep a little food on the table and you do that for six months I don't think you're gonna have to do it for three years but if you can get your foot in the door is that any possibility that would work yeah but I don't think it's mutually exclusive I think he could get a job work in the front counter at a place and then ask hey when you do this type of

surgery or when you start this head prehab can i just go watch or can i come in on saturdays or can i come after my shift is over can i watch at least get in the door right so when i was when i got my first job out of college which was coaching high school um basketball and track and being a teacher there in houston when the varsity coach was cutting people, I went and asked him, I've never seen somebody get cut. Can I just sit in that room and watch that conversation? And he looked at me, great guy, and he said, sure, come on in, don't say anything. And it was a hard, but I got to watch up close a man of integrity tell a young man you didn't make the team.

And it was hard to watch, and it was hard to be in that room, and you got to feel the room, the tension that room and the students would get mad you'd say i'm sorry that's how i began to learn and then a couple years later i was able to say hey no i've been in rooms where there's hard conversations we've had this and then i had to start doing it right with my own team so it's putting yourself in a situation where you can be successful and yeah grind it out and pay the bills. Yeah. Hang on. I'll have Kelly pick up. We'll give you a copy of Ken Coleman's book, which is really the best answer to your equation,

and it's what we're talking about. It's called The Proximity Principle. It is Ken's number one bestselling book, The Proven Strategy That Will Lead to the Career You Love, The Proximity Principle. And that's what we're saying is get in proximity of people who are doing what you want to do, even if it's not ideal, and that gets, quote, unquote, your foot in the proverbial door. I also think, before you take this call, Dave, this is a good lesson for everybody.

Just because you got a master's degree doesn't mean someone's going to hire you. And there is a gap between getting your bachelor's degree, you race through and get a master's degree, well, suddenly you're going to require too much salary for me to hire you, and you don't have enough experience to back that salary up. And so there is some wisdom sometimes to going to work for a year or two, go to school at night, or adjust your schedule so that by the time you graduate with this master's,

you've got two or three years of paid experience under your belt and you haven't outpriced yourself for the work experience that you have. Yeah. I don't know in that field if it's a master's required to get in the door. I don't know. I can't imagine they would let you work on patients without a graduate degree. I wouldn't think. No.

I wouldn't think. So it might be a little different step. But, you know, for instance, a master's in business is certainly not required. Hardly anywhere. Right. Major corporations, you know, but you don't want to work for them anyway. Right. So, you know, it's a horrible situation.

Yeah, but, I mean, we've got people in the building here with MBAs, but we really care whether they get crap done. We don't really care whether they have an MBA. I wish you'd been there the day I asked the HR director, hey, where do I send my transcripts? He looked at me like, I asked him. Huh? Yeah.

We'll say it. Can you do the job, John? That's the question at the Ramsey office. Can you get the job done? Your raise is effective when you are. That's right. Doesn't matter if you've got more degrees than a thermometer. This is the Dave Ramsey show. our scripture today psalm 28 7 the lord is my strength and my shield my heart trusts in him

and i am helped my heart leaps for joy and i will give thanks to him in song arnold schwarzenegger said strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength. Open phones at 888-825-5225. Stephanie is with us in Miami. Hi, Stephanie, how are you? Hi, Dave. I'm good. How are you? Better than I deserve. What's up? So my question, Dave, is, so my husband lost his job due to COVID-19. We decided to defer our mortgage payment. Even though I'm still working and I'm pretty sure I could afford to make the payments, it would be a little tight for me. Obviously, without that extra income

coming in, my question to you would be, should I continue to make those payments? What do you think about that? I mean, the way that I look at it, it's not like the payments are on hold. So maybe if you could explain a little to me what I should do. Well, I don't know the terms under which your mortgage company is allowing you to defer the mortgage payment this long. There were some that were doing it through August, but you've done it all the way through December now, right? Well, we started a little late, so we started deferring them in September. Okay, and so you've deferred September, October, November, and now December. Right.

And when will those be repaid? I think we're deciding to start repaying them. No, what is the mortgage company requiring? I think it's three months. So I think, yeah, three months. So you have to repay it's three months. So I think, yeah, three months. So you have to repay them within three months? I'm not sure, actually. Is there a chance you just stopped paying your mortgage? Maybe. So the terms were, because we were also looking into refinancing.

So I believe that what we had to do is that we pay three consecutive months and then we would have the option to refinance. So, yeah. OK. What do you owe on your home uh 215 what what did your husband do that what kind of job did he lose he worked in it he works in it now why is he not re-employed uh he's been looking and it's just been so difficult. In IT? Yeah, I know. What does he do in IT? IT's booming. Yeah, I thought IT jobs were like a sign-up sheet.

Yeah, I think he needs to look a little harder maybe. Yes. I think that's right. I think we've found the problem. The house payments are a symptom. So how old are you guys? We're 30 years old. And what has he been doing with his time, pray tell? So he has been collecting unemployment and actively looking for a job and he actually went

back to school so he's completing his degree in in it and what he's doing okay um you guys cannot afford for him to do that because you're not paying your house payment and so if he can go back to school while he's working full time, I'm okay with that. I'm not okay with him collecting unemployment, going to school and piling up house payments because you're going to lose your home because you don't have any idea what you signed up for. That's what you told me because you can't tell me what you signed up for. And so I don't know what you signed up for, but a lot of these deferred payments are going to come due instantly and they're going to want the whole thing or they're going to want you to pay it back in a

very short period of time. And if you don't have a detailed plan in writing for the mortgage company that you understand, which apparently you don't, you've set yourself up to lose the house if you don't start paying double mortgage payments and get current on your mortgage and stay current, which involves him getting a job. And so that's what needs to happen. You guys need to have a January 1 New Year's resolution to begin paying double house payments because by then he is by God employed. Hang on. I'm going to have Kelly give you a copy of Ken Coleman's book with a proximity principle.

I also want your husband today to go to KenColeman.com and download every resource he's got there on how to look for a job, how to interview, how to get your foot in the door, because IT jobs are a-boomin'. This is freaking Miami, Florida. There is work to be done there in IT. This is not, you don't live in Podunkville. There's lots of IT jobs in Miami, Florida. And today, call your mortgage company

and find out what kind of mess you're in. What is going on? You can't just walk out and declare, like Michael Scott walked out and declared bankruptcy in the office. You can't just declare, I'm going to defer my mortgage payments. You've got to have, Dave said, you've got to have a written plan. Everybody's on the same page. You can't just not send them a check. Yeah. And then they, some woman told you on the phone in customer service who's had a job there for three days that you can pay three payments and then get refinanced. That's the way you lose a house is not having a deal done on this. things that have come out in the legislation and offerings from the different companies under the name of mercy, but they were really not merciful when you get to looking at it. And that even includes unemployment, which has kept him from going his and becoming his best self.

Because I can promise you there's IT workers have been landing jobs a lot since he lost his. A lot. We've hired, I don't know how many we've hired, probably 50 or 60 or 70 since March in the IT field alone. So, in the middle of COVID. So, you guys got to work on his career, and you need to get this detailed out on your house before you lose it, honey. Cindy is in Boston, Mass. Hi, Cindy, how are you?

Hi, Dave. What's up? You and I spoke two years ago. You gave me your financial peace university for free. I'm a single mom, cancer patient, and I live in housing. We have shootings constantly. Two years ago when you gave me that financial peace, I went to work. I have a side hustle.

I take care of hospice patients in home. I bought a car, cashed down $8,600. I have savings of $6,000. I now earn $4,000 a month on the side hustle. Woo-hoo! Look at you! I need to move out of where I am because it's unsafe. Yeah?

But on my baby steps, I have my emergency fund. My only debt I do need to pay off is my student loans, $27,000. It's hard to know what to do next. How many kids have you got? I have one son, 19 years old, in college. Good. So is he supporting himself? No, he's under my wing.

He lives in your house? He does. Okay so what are you doing what's the side hustle i i am basically um a former ot student oh you said you were doing hospice hospice is your side that's right yes okay all right i take care of elders in their home and so it changes your your location changes as you pick up different contracts, correct? Yes, sir. And since I got this vehicle, I've been riding it hard. Okay. What a stud. You are.

You're incredible. You're incredible. You gave me hope. So what's wrong? Well, you did it. I'm so proud of you. You're a hero. So what's wrong with going outside of Boston far enough that the prices drop and getting a two-bedroom apartment? Oh, I did it. I'm so proud of you. You're a hero. So what's wrong with going outside of Boston far enough that the prices drop

and getting a two-bedroom apartment? Oh, I'm working. I'm working. I'm on disability. I'm in housing. That's your next step. I'm on Medicare. That's your next step.

To get off of these things, I need to get my building, my wealth, my investment. You're making four thousand dollars a month you're okay right you can go you can go rent an apartment oh by the way the 19 year old's gonna get a job starting tomorrow oh he's already looking good good because if he's gonna live under your roof and you're a single mom with disability and you're doing all this other crap he's gonna he's gonna start carrying carrying part of the weight. I want him being buying some bread, buying some meat, buying some eggs. One of the cornerstones of the baby steps is not being around gunshots sometimes, right? Yeah.

Feel free to hit pause. Baby step.5. .5. Safe housing, right? Oh, good point. That puts us out of the Dave Ramsey Show and 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. Have a friend or family member that needs a daily dose of 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.