The Ramsey Show - App - How Do I Get Out of This Financial Storm? (Hour 3)

Episode Date: March 25, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Thank you for joining us, America. We're glad you're here. Open phones at 888-825-5225. Ken Coleman, Ramsey personality, number one best-selling author of the book Paycheck to Purpose is my co-host today. We're talking to you about your life and your money. Twin Cities,

Minnesota. Chris is calling. Hi, Chris. Welcome to the Ramsey Show. Hi, Dave and Ken. Thank you for taking my call. Yeah, I was calling to seek wisdom and advice from you guys. I've been a listener of the Dave Ramsey Show and trying to intentionally get on the same page as you guys, just breaking the cycle of my own personal life. I have done a lot of dumb in my life in the last several years. I'm in the midst of a storm right now and I'm trying to get help from you guys. What kind of storm are you in, Chris?

Right now, well, I'm the person that you guys have talked on your platform that you shouldn't be cohabiting whenever trying to do the Financial Peace University. So you're living with somebody and it's a breakup? What's happening specifically? Yeah, yeah. So I basically separated, and we had children in it.

We weren't married. And basically, we're going through the court system at this point since 2023. The court system to establish child support and so forth yeah child custody and everything and um basically uh she's uh being vindictive at this point and putting a wedge between the children and i um my lawyer thinks it might come down to, uh, me getting the children full time. I'm not certain on that. Um, our next hearing is coming up in April. Um, I'm trying to think of set goals, I guess, uh, during this time.

Um, I think I know what you guys would encourage just during a storm, just hunkering down and putting things on hold. I don't know if that's correct. Chris, I feel like you're talking around your question. What can we specifically help you with? Well, I guess I need to create more margin in my budget. I see that's going to be a problem. Um, and I think out of the life domains that you guys talk about, whether it's, uh, uh,

I feel like my family's being hit the, uh, the, um, my health and my finances. And I picked up a side gig whenever all this started going down because I knew I was going to use up a chunk of my emergency fund. And so I was able to rebuild that back up. But I feel like I'm going to get hit again coming in 2024. So you need more income. You need more income and soon. How much more income do you need? Give us a round number that you feel like would take care of some of these upcoming responsibilities. Is it three grand, five grand, seven grand more per month? What's your goal? So my goal is, you guys talk about $78,000 being the average income. What's your goal?

What's your goal? How much do you need? I make $54,000 a year. Okay. How much more do you need per month? Probably, you know, a couple of thousand. Okay. And you're working a side gig to get that.

How are you doing on that? Yeah. So, yeah, I did the side gig, and I did make a couple thousand, and that really did help. But I felt like with all the, you know, everything that's kind of going on, it wasn't sustainable. I was kind of running low at the very end. It was able to help me get my emergency built back up.

But, yeah, I was. Okay, so if you're sitting at home at night after work, instead of working the sod gig, what are you doing? I'm either taking care of my children. Okay, so you get part custody. Yeah, I get temporary custody until the initial. Temporary full-time? They live with you? Well, no, they don't live with me okay um so how many

days or nights a week have you got them every other night every other night okay so then the other nights you're working right yeah and why is that not sustainable for the short run i guess it is i mean i was working all weekends i was just kind of tiring out and i didn't know whether i need to uh look start looking for another job as an option sure sure it should be an option so you don't put all your eggs in that basket but you absolutely need to be working right now stacking cash and i know you're tired if you had twenty,000 in the bank and you retired, you'd feel better. That's right. Yeah. I definitely – I was working on your material, Ken, and I got clear on that. Okay.

All right. So hold on. So, Chris, I'm going to walk you through really fast. I need you to give me the fastest answers you can. You cool? Don't think. I just want you to react. All right. What did you get clear on? What job or what career path

did you get clear on that, boy, you sure would like to have it? Just say it. What is it? Be an entrepreneur in a glamping business. Okay. So glamping. So we want to start a glamping business. I could tell you right now, I don't care how great your idea is, you need to put that on hold. You are in a season of flex right now and flux, which means you've got to be flexible. That second job right now, you need to be back at that. It sounds like you're not doing it anymore, but you need to be doing that, stacking cash, working every available hour you have to put this money away to be able to take care of these kiddos and pay these legal bills. Now, the glamping idea and any entrepreneurial idea that's going to cause you to spend time and money, we don't have time and money to spend right now.

Correct? Okay. Correct. All right. So I love the dream. I'm putting the dream on pause. We will get to that once we get stable. Stability, stability, stability. Those are the top three words in your mind. And the way we get stability is more cash, more savings, and get through this custody issue. Then we start to build. Does that make sense? Yeah, that makes sense. All right, brother.

Thanks for calling. You're running about 43 directions at one time. Pick you two. Kids, lawyer, one time. Pick you two. Kids, lawyer, stack cash. That's three. Kids, lawyer, stack cash. That's three. And just think about those three things all the time.

Nothing else right now. This is The Ramsey Show. Oh, I hate taxes. Me too season gag oh a lot of people got questions about taxes you know why they're freaking complicated that's why there's enough paper in that irs code to choke seven horses it's unbelievable so one of our listeners sent this question in about taxes. I want to avoid overpaying taxes each month. What do I need to change with my paycheck? Well, let's change your question to start with.

You're not overpaying your taxes. You are, well, you're not, well, yeah, yeah you are you're paying too much towards your taxes i guess the same thing that's how it's you you're actually you're not overpaying you're just giving yeah they don't charge you more you just get it back so you don't want more coming out of your check you're right then you need to pay so you need to figure out what your actual tax bill is, and that should be the amount coming out of your check, divided by 26 or 24 or 12 or however many paychecks you get, right? So you divide it into that, and if you don't know, there's a couple of easy ways, a couple of cheats, hacks that you can get to on it. If your situation hasn't changed, you haven't moved, you don't make more money the uh you didn't get

married you have a kid nothing has changed then just adjust it by your refund for the last couple years so the last three years i've gotten three thousand dollars that's 250 a month nothing has changed then you just need to have 250 less taken out of your check. So just go to payroll and say, change my W-4 by my W-2, whatever, by $250 per month, please. And they can do that. Okay, that's the easy way. Now, if something's changed,

then get like Ramsey Smart Tax software and run your taxes out and figure out what your actual tax bill is. And then based on your actual tax bill is $12,467 or whatever it is per year. What is it you actually owe? Have that amount taken out per year out of your check. And so again, divided into the number of paychecks until payroll, this is the amount I want taken out. Now that's exact. That's going to hit it perfectly or within $50 one way or another, and you'll be just fine. So you just got to go to HR, fill out another W-4 that has the amount withheld. Here's the stupid thing. 70 something percent of Americans get a tax refund.

That means seven out of ten of you people are sending the government more money than you need to send them, and then you dance around in April like Santa Claus sent you a present. Well, I know Santa Claus. I'm old. He's a personal friend. He does not live, nor does he stay, anywhere near Washington, D.C. He has nothing to do with that place. Good people don't go there.

I'm kidding, but not much. It's awful. It's horrible. No. He has nothing. This money was your money. You gave them your money. You loaned it to them.

You put it in a savings account with the federal freaking government at 0% interest, and sent it back to you with no interest and you act like you did something smart seven out of ten of you what is wrong with you stop this was i unclear ken no i think i got the message okay good so ramsey solutions.com slash tax if you need help with your taxes you want more great information like this will help you the ramsey smart tax if you need help with your taxes you want more great information like this will help you the ramsey smart tax if you've got an easy an easy return it's not complicated ramsey smart tax software is very inexpensive it's not it's not like those other guys we're not going to try to sell you six ways from sunday and we'll sell you a uh what are those uh an? We'll loan you money on your refund. Oh, my God. Payday lender. What is wrong with you people?

No, we'll issue you a credit card. What? No, they want to sell you debt. We're not going to try to sell you debt. We're just going to help you do your taxes. If you've got a complicated return, you can get with one of our thousands of ELPs, endorsed local providers, to help you with your taxes. They're tax pros.

They can help you. Bethany's in Dallas. Hi, Bethany. Welcome to the Ramsey Show. Hi. Thank y'all for taking my call. Certainly. What's up?

So I am very underwater in two vehicles and trying to figure out if it's worth to keep them and just pay them off or if I should try to sell them before starting my debt snowball. Okay. So you're married? Yes. And your household income is? This year should be right at $140,000. Good. Okay. And vehicle number one, you owe how much on? $50,000. What do you think it's worth uh kelly blue book says private party 35 000 ouch must have rolled negative into that puppy i didn't oh it just sucks what is it it's a 2021 yukon really sucker dove yes you put a million miles on it or what? I've had it. I bought it last year in April. So I've had it almost a year. It had 65,000 miles on it, and I just rolled into 105,000 miles.

What did you pay for it? By the time I didn't put anything extra down, so after taxes and fees and all that, it was 57,000. And one year later, it's worth 35 yes sir so you overpaid i did yeah that was that was market price for uh that month no that's just the car did not lose 15 000 in one year okay something's wrong with one of these numbers. But anyway, okay, next one. It's a 2018 Dodge truck. It's my husband's truck, and we owe a little under $30,000,

right, like $29,000 and some change. And the Kelley Blue Book says it's only worth $18,000. Okay. So you have $80,000. No, that's $80,000 worth of debt. You have $53,000 worth of vehicles. So based on the $140,000, you wouldn't have to sell it. You're making $140,000. How much other debt do you people have? $18,000 total. We have $5,000 in medical debt, $6,000 in credit cards, and $7,000 in student loans. So $72,000 clears you

and you make $140,000 Institute alone. So 72 clears you, and you make 140, right? Yes, sir. 36 a year is $3,000 a month. Are you willing to do that? Yes, sir. If you can do that, you can keep them. Okay. But I probably would rethink how I'm doing car deals

based on the way you did this Yukon deal. Absolutely. Something's wrong with that deal, okay, because those numbers don't drive. But if you want to keep it, it's a fine vehicle. There's nothing wrong with it as far as I'm concerned. So our rule of thumb is if your vehicle's value, everything with motors and wheels that you own is less than half your annual income, you're okay because you don't own too much that's going down in value. Everything with wheels and motors goes down in value. So your boat, your sea-dew, your camper, all that crap, okay, it all goes down in value.

It is the ultimate depreciating asset because they're all large, too, okay, camper all that crap okay it all goes down in value it isn't the ultimate depreciating asset because they're all large too okay and all that so you own uh basically the value on your stuff is 53 000 bucks you make 140 so you're under half so that's fine the second rule of thumb we use is can you be debt-free not counting your house in two years or less you can be if you pay three thousand dollars a month towards debt or more for the next two years which means you're not going out to eat you're not going on vacation you ain't doing nothing but getting out of debt but you'll be clear and keep these two cars if you're going to dump one of the two cars you're going to borrow the difference either twelve thousand or fifteen thousand dollars per car.

And then you've got to go get a car. So you're going to be, you know, like if you got rid of your Yukon, okay, you've got to borrow $15,000 to cover the hole, $5,000 for a hoopty. So you're going to be $20,000 in debt instead of $50,000 in debt. So you're going to move the needle about $30,000 on that, which would move the needle about 10 months in this program. So if you wanted to step all the way down you can be out of debt 10 months faster okay that's an option as long as your credit's clean enough to go do to borrow that money to get out of this thing that's how you do it but the you know

again it's just how much do i love these things do i love these things enough that i'm willing to have zero life for a little while yeah and i'm the guy that goes with option B, Dave. I've already realized I've made a bad purchase. I want to get it out of my life emotionally. I want to attack it. I'd rather drive a hoopty to remind me of my mistake. Now, that's just me. That's my approach.

Either way works. Yeah. Either way, in four years, you're going to be back in a paid-for nice Yukon. Yeah, that's right. Either way. And there's nothing wrong with that. You step back, step back, then step in, or you just hang on, push through. Either one works with these numbers.

It's a tough two years you're signing up for. Really tough. And you and your husband got to lock arms and go, we don't do nothing but pay debt right now. We're getting out. Game on. Game on. This is the Ramsey Show.

Hey, folks. game on this is the ramsey show hey folks we want to say thank you to our listening audience last week we got some of the highest ratings in the show's 32-year history thank you very much for that our podcast numbers our youtube numbers our radio numbers are all through the roof we really appreciate you out there thank you very very much And we could use your help. We continue to need your help. Spread the word for us. You can share the show. Click the share button on your platform or subscribe or follow. Those are big helps.

Leaving a five-star review is a big help. We really appreciate you. We don't own any football stadiums like Sofa. Excuse me. It's the allergies in the spring. And we don't own any football stadiums like sofa excuse me it's the allergies in the spring and the uh we don't own anything like that it's just you guys out there and we appreciate you tribe uh spread the word help us help us spread the word subscribe follow share let people know share them send them the link that kind of stuff dave and bobby are with us from kalamazoo

michigan on the debt freeze Free Scream. Welcome. Hi, Dave. Hey, good afternoon. Good to have you guys. How much debt have you paid off? $230,000. $230,000. How long did that take?

38 months is when we got focused. Love it. All right. And so your range of income in that three years and two months? We started at $140, 000 and now we're currently at 240 000 nice yeah very nice it's amazing what you can accomplish when you're enjoying your work yeah and what you can achieve yeah there you go what do you do i'm a project manager in the renewable energy field and i'm a registered nurse oh very good. Very good. So you brought that up. So what happened to the income?

What drives it up a hundred K in three years? COVID. So, right. Never waste a good crisis. And so during COVID, right. When everyone was kind of sheltered in, we were both kind of working, or I was mostly working a job I didn't really enjoy. And that's when I chose that time to start focusing on what I want out of life, especially with a career. I used a lot of that time to start searching for jobs that made sense. A lot of employers were starting to offer remote work from home. I took advantage of that and was able to, you know, increase our income significantly. Good for you. And scary time for being a nurse, but you could make all the money you wanted to make, right? i mean the pay increase was definitely all him yeah okay yeah yeah wow way to go you guys congratulations so what kind of debt was the two hundred and thirty thousand dollars that was our house

how old are you two um i'm 38 yeah 38 and 41 in a paid for house what's the house worth uh about 440 i love it very cool and how much in your retirement accounts uh we've got over 650 700 in retirement all right so your millionaires are 40 years old way to go you guys baby steps millionaires i'm so proud of you thank you very neat very neat yeah man that's impressive okay 230 000 is a lot in three years how in the world did you do that go ahead no i mean it was mostly him with a pay increase and i think we just were really motivated to sell off our, um, debt. Yeah. Yeah. I mean, we stuck to the budget, right? So that was, that was obviously the big thing.

Um, we actually had been on the show before back in 2015, uh, when we did our first debt free screen with you, Dave, over at the other, uh, other location. And so, um, you know, obviously we experienced the gazelle intensity at that point. And then we took a little bit of time to what we decided to call appreciating life and having children. So actually we were just a couple of months pregnant when we were on your show. And so just a couple of weeks after that, we got a diagnosis. We had a 20-week ultrasound with our daughter. And we got the diagnosis that she was going to have some medical complications throughout her life. And because we were debt free though, at that point, we were able to focus on things that

mattered the most and not really worry about having to clock in every, every minute to capture that paycheck. So then we just kind of enjoyed life, expanded the family, bought a house. And then, you know, it wasn't until we started refocusing again. Again, like I said, COVID, never waste a good crisis. We started looking back at, hey, we were in a really good spot. We don't have any of these student loan debts. Well, everyone else is freaking out during COVID, right? And you have to do all that pausing of the student loans.

We didn't have to do any of that. We didn't have to worry about that. We said, okay, look, there could be another crisis coming up at some point in life. Let's focus on getting this mortgage paid off, and then we never have to worry about anything like that again, right? Then we're in complete control. And that's where we came from. So, Bobby, go ahead.

I'm sorry, quick math, and I'm not very good at math, so double-check me on this. But basically, almost all of your raise, you just put it completely to the house. Is that what I'm understanding? Correct. No lifestyle creep. Yeah, no lifestyle creep at all. Which is really huge.

I mean, a lot of people don't do that when they get a raise. And you got a nice bump. I mean, it's a $100,000 bump. And you just said, nope, I'm putting it all to the house. Correct. Tremendous discipline. Yeah. Well, I mean, I've got, I mean, she's being modest.

But, I mean, I had her as my anchor for all of this, right, and focusing. And then the kids, too, right? Every day I look at the kids and I'm trying, we're trying to establish a future for them and that was a constant reminder so yeah that's impressive yeah very cool so you're 40 years old not yet i'm not he's not i'm playing yeah yeah yeah i round up yeah okay and so and you got a paid for house approaching a half million dollars. You got over $600,000 in retirement. How's that feel? It feels surreal.

It's been a long journey for us. But, I mean, it feels great. I mean, the biggest thing is being prepared for the unexpected. Yeah. Yeah. That changed your, the issues and everything you dealt with as a first child. Changed your look on everything. You look at everything through a different lens after that, don't you?

Yeah. And then just do a little overlay of a Fauci pandemic, and now we got real vision. Real clear vision. Yeah. Exactly. Good for y'all. Good for y'all. Thank you.

Y'all are heroes. Yeah. You're great moms and dads. Well done. Thank you. We'all are heroes. Yeah. You're great moms and dads. Well done. Thank you. We try to be. You are. You're the right kind of people.

You're the people who give us hope for the future. That's right. Dave, I mean, we got to admit that we are human. So, right, in 2020, we refinanced to a 10-year note. It was 1.99%, right? Oh. And so, yeah, that gets people excited, right? It's so low. And then now with interest rates, with a high yield savings account at being over 4%, right? You're net

positive as far as making money and beating the man and beating the system. And so there were a lot of months where we were saying, hey, listen, let's just put the money in the bank instead of paying it towards the debt because we're going to make a couple dollars extra. And then when you look at the math and it's not really that much, that's not life-changing money that we're making there, right? I mean, it's a couple hundred dollars a month. That's great. I would love to have that, but it's not life-changing at all. And now people that are using that argument, we can go around and say, well, you've got a 1.99% interest rate. That's great. We've got a zero percent so mic drop yeah yeah i see your math and raise you more math yeah yeah that's good don't be mathing with the math people

all right very good good job you guys thanks very cool all right bring the kiddos up what are their names and ages we have peyton who just turned eight on friday we have everly who's four and sawyer who's six way to go look at that good looking kiddos well done well done you guys well we're proud of you congratulations heroes excellent job not only they pay off their home but their baby steps millionaires and he's not even 40 yet see there we go i got it in oh my god he's holding on i appreciate that's it all right dave and bobby peyton sawyer and everly kalamazoo michigan proof it works if you'll work it count it down let's hear a debt-free scream three three two one Three, two, one. We're dead free! Yeah! Woo-hoo-hoo-hoo!

I love it. That's about as good as it gets. Well, we've got a couple of every dollar subscription cards for them. One year subscription for free for them, and they can give away a friend one year subscription because that's exactly how you get here you know ken no one accidentally wins the final four never does no one accidentally wins the super bowl it's a series of thousand cuts death by a thousand cuts one element at a time one movement at a time and um it's a series of intentional acts, and that's how they got to be where they are.

So that's what a budget is. It's doing it on purpose, and the Every Dollar Budget will help you do that. Dave and Bobby, way to go. You're heroes. This is The Ramsey Show. Our Scripture of the Day, Ecclesiastes 5.3, A dream comes with much business, and a fool's voice with many words. Elizabeth Elliot said, Never pass up an opportunity to keep your mouth shut.

It feels like one of my teachers. It makes for bad radio. It makes for a bad show. But we should follow the advice. Dave, I feel like that was every report card I ever got in the elementary school. school oh he talks too much in class dave talks too much now he makes a living talking too much yeah mike is in tallahassee hey mike welcome to the ramsey show hey thank you for uh taking time to talk with me appreciate it sure what's up well all right so my question is, I'm a minister. I'm over different ministries in our church.

I'm not the head pastor, but I'm on staff. And I'm 37 now. I haven't put a lot of money away for retirement. At the time when I graduated, you know, not too long ago, I just got into ministry, full of energy, full of life. Didn't think much about it. Um, now I'm 37, praise God, I'm married. We have two kids and I'm like, man, I, I, uh, I realized I'm getting tired more and I know that I need to put money away for retirement. So I'm trying to, I put away, I think 24,000 now, uh, and a four or three B with Guidestone. And I'm,estone, and I know it's not enough, you know, and I know I need to do something different.

So I'm just trying to figure out the best thing to do. I love my church. I don't want to leave nothing. What do you make on your pastor's salary? So after taxes, it's $888.37 a week. And is your wife home with the children? No, she's a nurse. Oh, she is your wife home with the children? No, she's just a nurse. Oh, she is?

She makes about the same. She makes $800 a week, so like $45,000 a year. Yeah, I think that's after taxes are taken out. Yeah. So I think I'm about $53,000 maybe. Okay, and she makes what? I think she makes about $53,000 maybe. Okay, and she makes what? I think she makes about $70,000 maybe. So that's a household income of like $120,000 a year?

Yes. You guys are going to be okay. What is she putting away? I think she's maxing it out right now, what she can do. And you have no debt on our beds uh we have just our house and uh i paid off on i have a master's got my dad met i got that paid off um uh just just our house maybe you know we have like an interest-free you know couch and bed or something yeah maybe two thousand dollars that we're paying off

you know uh sounds like you're not very involved in the money well uh some things we have our car too um we have a car debt uh i think my jeep has 18 000 okay it's pretty substantial okay yeah okay so other than that all right the the first thing um all right uh proverbs says be diligent to know the state of your flocks and herds solomon wrote that in an agrarian economy when flocks and herds would have been any representation of wealth that one had. So be diligent to know the status of your money is what that says, Pastor. So the first thing I want you guys to do is you and your wife to sit down and say, this exactly is our income. This exactly is how much I owe on the Jeep.

It's exactly how much we owe on the stupid furniture bill. And the borrower is slave to the lender, and I don't want to be slave anymore. So the first thing we're going to do is we're going to clean up this debt. Do you have any savings other than your gladstone um i have uh we have about nine thousand uh and uh savings account okay then we're going to sit down i'm going to send you a book called the total money makeover that's going to walk you step by step through how to apply biblical financial principles to your situation okay okay the first thing we're going to do is clear off all the debt except the home and keep a thousand dollars in the bank we don't want to be below that

then once the debt is all gone and you should do that pretty quickly with your income then you should be able to build an emergency fund of three to six months of expenses because in the house of the wise are stores of choice food and oil representation of wealth in other words wise people save money and of course we're going to have a detailed written plan because jesus said don't build a tower without first counting the cost lest you get halfway up and you're unable to finish and all who see you begin to mock you. So we're going to have a plan. The mind of man plans his ways.

The Lord directs his steps. These are all familiar to you, right? Oh, yes, sir. Oh, yes. Okay. So my point being that God's given you a pretty good handbook on how to do this. We'll give you some ways to apply the ancient scriptures,

which oddly enough are common sense, to your situation and help you clear through this and then get your retirement going. With making the money you're making, you should be debt-free and have your retirement going in about a year, year and a half, and you should really have a good, clear vision about where you're going because where there is no vision the people perish we're going to have a an exact detailed dream in high definition laid out and and then the next time i ask you numbers it's not going to be i think i don't know

maybe sort of you're going to know where you are and you're going to clean the freaking mess up you made so that you can get on with having a good, high-quality life because you guys make $120,000 a year. There's no reason you should be broke or retire broke, none whatsoever. You've got the ability to do that. So I'll put you – I'll tell you what, I'm going to do better than that. Go ahead and put him just all the way through Financial Peace University. He's a pastor trying to make it out there.

We'll help him. Just go through Financial Peace University and put him in the every dollar premium, the whole package, so we can put his love on him and help him. And, Mike, you're a good man. Yeah, you know, it reminded me when I was a kid, we'd watch Saturday morning cartoons. That's how old I am. It'll age me. But there was always this public service message about knowing is half the battle.

It was just this little commercial they'd run, knowing is half the battle. And was just this little commercial they'd run, knowing is half the battle. And in this case- What was it about? Knowing what? Well, they would tell you some just basic fact. Oh, it was a little factoid. Yeah, you know, just in between commercials.

But the point I'm making is that in his case, and I think in all of our cases, when it comes to really getting control of our money, you got to know what your situation is before you can fix it. And he was a classic situation. We're not picking on him at all, but just not a clear picture himself of what their reality is.

And getting clear on that all of a sudden allows us to go, oh, now we can actually see a path to the future. And we took our four-wheelers up in the mountain, and the roads were a little unclear, to say the least. And I was real glad the GPS thing said, you are here. You got to know where you are before you can know how to get there. That's exactly. And you are here.

Oh, based on that, I can turn left up here and I'll be okay and not get my throat slit up here somewhere. That's exactly right. That's exactly right. Yeah. Yeah. Wind up in a deliverance get out of this neighborhood yeah oops yeah you are here this is how you get out of the mess you gotta first know where you are and then know where to go next right you are here so get and then and

then dream in high definition like your high def television real high Exactly. This is what I want it to smell like. This is what I want it to feel like five years from now, ten years from now. I want to be in this situation. I want to be, when I get in that car, I want to feel that, I want to feel a different feeling than I feel right now in this hoopty. You know, I want to, you want to lay it all out in detail. And this is how I want it to be when I'm walking my grandson down the street and he's four. You know, and you can look out there in the future and go, in detail. And this is how I want it to be when I'm holding, walking my grandson down the street and he's four, you know, and you can look out there in the future in detail. This is how I want it. This is where we want to do it. This is the feel of the, how we want family to

look like and all that. And that, that then gives you very clear motivation because you immediately, your brain immediately starts saying, now, what have I got to do to get there? That's right. So here's a fun little thing. Clarity leads to confidence, and then confidence leads to courage, the courage to actually be gazelle intense, the courage to take the comments and the snide remarks from friends and family, the courage to live completely like no one else, as Dave has said for decades. That's the formula here, and Dave has drilled this into all of us here in what we're offering to every one of you in the area of money and work and relationships is a clear path because clarity is the key to everything.

Yep. Ken Coleman, that puts this hour of The 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. Take care.