The Ramsey Show - App - How Do I Influence My Godson When It Comes to Money? (Hour 3)

Episode Date: September 23, 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. I am Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225.

That's 888-825-5225. Sandy is going to start us off this hour in West Palm Beach, Florida. Hi, Sandy. Welcome to the Dave Ramsey Show. Hi, Dewey. Thanks so much for taking my call. Sure. What's up in your world? My husband and I need your help. We put our house on the market about three weeks ago. And the reason is because we have a cross-base.

And we were just sick of having to deal with the flooding and all kinds of sort of things that are coming with a cross phase. And so, you know, our realtor knew she found somebody that wants the house, they'll fix it. And we bought the house at a really good time. So we're making quite a bit of money with profit. We do have some debt. We have $38,000 in student loan and then $11,000 on my car.

And so with all of that, it would be a profit of $93,000. We found a house on Monday that we like. And so with the 20% down, then it would leave us with about $50,000. And so that would let us have a nest egg and also start my retirement. I'm going to be a home mom. Did that clear your debt? Yes, it clears the debt. Okay, so you're debt-free.

You put 20% down. You still got $50,000? Yes. Nice. Okay. Yes. Nice. Okay. Yes. What's the problem? The problem is we have been praying, like, just trying to figure out what we're supposed to do.

Why didn't you do that before you did it? We did. We did, and it just kept telling us, like, we just felt like the Lord just kept saying, you know, keep going. Just keep going. Keep going. And keep going. Yeah. Well, we kept going.

And then all of a sudden, we kind of got hit and had this company. And they said, yes, we'll come out. Usually it takes us three weeks to come out. But we have an availability tomorrow to come out and give you a quote on encapsulating your cross base. And so they came out today, actually, and they gave us a quote of $8,000, and that would fix everything. Okay.

The only thing is that that would be an additional $8,000 that we're now in debt. We would not be moving. We would be staying. I am so confused. Why would you keep this house? Because the only reason why we don't like it is because of the crawl space. And I guess there's not many crawl spaces where we live, and so we kept asking people.

We would ask contractors, and nobody knew what to do. They said, just put sand down there. You know, nobody knew what to do. Put a soft pump down there. But finally, we called someone that... I thought you sold your house. No, it's pending. Yeah, so you signed a contract and promised someone to sell them your house.

Yeah, you should keep your word. You need to move. Yeah. You've stood everybody in Florida up on your plan. I mean, you've got a buyer, you've got a contractor, you've got people on the other side, a house you're trying to buy that you found, you've got the debts paid off, everything is lined up,

and now you want to unplug the whole freaking thing after you got all the way through the decision. I think it's just being scared and making sure I'm making the right decision. I think you're making the right decision the first time, not welching on your deal. Well, the people knew that we still had to find a house. We had, they signed it three weeks ago. You found a house. But it's not a house that we are totally in love with. And our realtor told us, just keep going, let them have their inspections,

and that's why we're kind of anxious because we don't think that it's fair for them to start these inspections if we haven't really found a house that we love. So the contract that you signed with them is contingent upon you finding housing that suits you? Yes. That is how our realtor put it. In the contract? Yes. And they are fully aware of it.

Well, they would be fully aware of it if they signed the contract. I liked your plan until you just stopped in the middle of it. It all sounded good to me. I mean, it sounded like you got progress. How long have you lived in this house with this crawl space? We lived in it for eight and a half years. And we never noticed anything with the crawl space. Well, you knew there was a...

But, I mean, it never created... Listen, you guys are going to do whatever you're going to do. I don't know what you're going to do. What would I do if I woke up in your shoes? I think you gave me a long laundry list of why moving is smart. It all sounded good. And then you introduced your evil twin to me halfway through the call who is spazzing and going left and i have an evil twin inside of me that's how i can recognize i do this

one of my favorite leaders on my team says dave and i love going into a meeting with you because you're the only person i know who will argue with themselves and uh i do that so i know what you're doing that's why i'm making fun of you because I'm the same guy. I do the exact same thing. But what you cannot do in life is be this indecisive and do anything but lose money. And so carefully, wisely, steadily make decisions that are this big, which I think you have done, and then play through, finish out. By the way, it's just a house. If you don't like the house you're moving into, a year from now,

I'll go get you another one. There's houses all over Florida. I've been there. You can get you another one. And so it's not that big a deal. There's no unicorns involved in this. It's just a house. And so it's not as permanent or life-threatening as it feels when you're in the middle of the angst and the anxiety of indecision.

But if I were in your shoes, I would just hold my nose, close my eyes, and jump. You're debt-free. You got $50,000. You don't spend $8,000 encapsulating the crawl space. You put 20% down. You found a house that you liked until you didn't like it. And now you like it again. That's what I would do if I were you.

Thanks for the call. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money. I have heard all the excuses that people use to put off making a will. I'm busy. It's confusing. I'm afraid I'm going to die if I do a will.

By the way, you're going to die, whether you do a will or not. So wills do not increase the probability of your death. All it does is increase the probability that your relatives will still speak to each other after your death, because you actually have a will, a game plan for them to go by. Stop putting it off. Get it done. Start with our free will preparation checklist. This guide helps you think through seven important areas like naming guardians and beneficiaries, plus all the little things you hadn't thought of. Once you've gone over the checklist, setting up your actual will only takes five to ten minutes. Text the word WILL to 33-789.

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Hi, Keith, how are you? Hello, Dave. Thanks for taking my call. My pleasure, sir. How can I help? This week I was introduced to the term conversion privilege concerning our life insurance. We have in my life both have term life policies at 20 years. We're a little over halfway through the term. And it was suggested that we check into the conversion privilege

first off to see if we have the option. And I guess really what I need to know is what is that exactly, conversion privilege, and do you suggest doing it? Okay. Typically, you're talking about your employer furnishing life insurance, Are you buying life insurance through your employer, right? No, it's a couple of policies we bought on our own through, uh, one of them is through Xander and one of them is through the Farm Bureau. We've had them on our own there for several years. Okay. There's two possibilities as to what somebody is referring to here.

Possibility number one is with an employer having life insurance. When you have your life insurance through your employer, typically the normal policy is that when you leave that employer, you lose that life insurance, and you have to go get new life insurance because it's a benefit. Some of them have a conversion privilege not many but some of them do that allow you when you leave your employer to convert it to an individual policy out of the group plan that's the conversion privilege okay that's does not sound like

what you're talking about because you have farm bureau and zander right and neither one of these neither one of these are through your employer, correct? Correct. Okay, so the other possibility is there's a lot of term life policies have in the fine print the ability for you to do something really unbelievably stupid, which would be to convert it from term to whole life. And that would be a conversion privilege. One conversion privilege with your employer is a good thing.

Converting from term to whole life is never a good thing. Okay. Well, sounds like that's a definite no. Yeah, that's a definite no. And so my guess is this might have come from Farm Bureau. Where'd this conversation begin? Well, our 401k administrator here at work works for Nationwide. I bet he does.

You're fired. Nationwide sells crap whole life insurance, and he's trying to get you to switch over to whole life is what he's trying to do. And he's trying to use some convoluted BS set of terminology to get you to do it. Yeah, run from this person. He's not smart. Oh, my, Grandmother, but what big eyes you have. Oh, and look at those shiny teeth you have, Grandmother. Are those incisors?

Oh, and look at those shiny teeth you have, Grandmother. Are those incisors? Oh, my God. Steve's in Salt Lake City. Hey, Steve, welcome to the Dave Ramsey Show. Yeah, thanks for having me. Sure, what's up? Yeah, so my wife and I are on baby step six, and my question is should we put less in retirement and our kids' college funds until we build up a sinking fund? A sinking fund to do what?

Just anything. We have our three to six month emergency fund, but we don't have very much money in savings for new car. When do you need a new car? Our car has about 170 cars. When will you need a new car? Probably three to three years. All right. And how much will you spend on that car?

15 to 20 okay so you need to be saving 700 a month 500 a month between now and then and you can throw that into a savings account for the car and that's fine okay you know and or if you wanted to just wait a little later and save more per month but you don't have to you don't have to always be running future savings for something that's five and ten years out that sinking funds are where you're setting money aside for an upcoming thing typically they'll be fairly short-term things and like in the every dollar budgeting app we use this term sinking fund and so you have a christmas savings account that's a sinking fund you're saving for christmas okay or you're saving up for a car but you don't have to have 43 sinking funds to be running your money properly all you have to do is just start saving

in time to have the money to buy the thing okay do you if i'm on Baby Step 6, where we're contributing 15% to our three kids college, do you recommend having a certain amount just in savings? No. No, you have an emergency fund of three to six months of expenses. You have 15% going into retirement. You're doing something towards kids college. You're throwing money towards retirement. And if you have an immediate need coming up in the next 12 months or so that you need to pile some money up for and get ready for Christmas, a car, a vacation, whatever, and we're saving some money for that, we call that a sinking fund.

And that's the terminology we use around here. Then you can just put that in your budget, and it's going to lower the amount you throw towards the house. Oh, okay. Okay. So let's say I wanted to buy a six thousand dollar car in 12 months that's five hundred dollars a month i'm just gonna start chunking 500 bucks a month over there to buy a six thousand dollar car in 12 months and then uh or put six thousand dollars with my old car to get the car i want 12 months from now, and that's going to lower by $6,000 in that 12-month period of time what would have gone to baby step six.

But don't get caught up in the 9 million little accounts trying to manage all of that. It will fatigue you, and you will quit managing money. Keep your budget as clean and simple and flowing as possible. And you're doing a really, really good job, by the way. Great, great work. Our question of the day comes from Blinds.com. They have a 100% satisfaction guarantee. It means even if you mismeasure, you pick the wrong color,

they will remake your window blinds for free. You get free samples free shipping and the new promos they run every month you'll save even more use the promo code ramsey to get the best possible deal rules and restrictions apply today's questions from hannah in pennsylvania i'm 23 my first job as a physician's assistant my position will be giving me a ten thousand dollar bonus within the first 30 days of my employment, and this money is tied to a two-year commitment for the position, meaning I would owe the money back if I leave prior to two years. I do fully intend on staying at the position for two years. I have about $60,000 in student loans.

My question is, do I immediately use the $10,000 to my student loan, or do I save the money for two years in case I need to leave? You throw it at your smallest debt. If student loan is the only debt you've got, we're going to throw it at your student loan debt. Make sure you got a thousand dollars set aside for baby step one in your emergency fund starter. And then you throw everything else at your debt as fast and as harshly and as crazy as you can. And you take as many hours as you can take and you take as many extra jobs as you can. And you take as many hours as you can take, and you take as many extra jobs as you can take, and I want you to clean up this $60,000 very, very, very quickly. And then I want you to call in here to do your debt-free scream from Pennsylvania, and we will celebrate with you, because you are tracking to be a rock star, kiddo. You are really doing some smart stuff there very very very well done open phones at

888-825-5225 hey um those of you that are overwhelmed coming out of school with student loan debt you need to hear what she just said she She got a $10,000 bonus in the medical field within the first 30 days of working there with a commitment to stay two years. 23 years old. There were no signing bonuses of $10,000 when I came out of college for anything. You use these things that are happening in the marketplace

and get your butt out of debt out there, people. This is The Dave Ramsey Show. Hey, guys. At the Dave Ramsey Show, we really value your input. It helps us to know what's important to you so we can deliver relevant content to help you crush your money goals. We just launched a brand new survey, and we'd love your feedback. It only takes a few minutes minutes and you'll be entered to win a 100 amazon gift card no purchase necessary take the survey at davramsey.com slash survey or text survey to 33 789 Thank you for joining us, America.

This is the Dave Ramsey Show. Milton is with us. Milton is in Washington, D.C. Hi, Milton. How are you? Good afternoon, sir. I'm doing well. Good. How can I help? So I recently turned my godson, who's 16, onto your show, and he took it and ran with it. Between you and Chris, he's convinced he will be a millionaire by the time he's 30, which is fantastic because he can do it. However, his

problem is he's currently working his first job and he's saving like crazy to buy his first car, which he demands he will only pay cash for. However, his mother is not exactly financially responsible and tends to siphon off of his personal savings from his work when needed. She steals his money? She asks, and of course, when groceries are needed or the car is about to be repossessed, he hands it over for the better of the family. Oh, my God. How dysfunctional is that? Yeah. So I'm trying to figure out the best way to help him, A, protect his savings to work towards

his goals, and additionally, once he does get a car, how does he go about protecting the title? Because he's a minor. I would like to title it in my name, but I live out of state. They live in East Tennessee. And I don't know how that would work if I were to buy it for him and, you know, insurance and all that. I'm not sure how that would work. So those are, I guess, two questions. 16-year-olds should not be tasked with setting boundaries from their mother taking their money. That's just horrible. I'm so sorry. She wants him to take out a car payment and get a reliable car. She's an idiot.

I mean, obviously, what she wants is not even in this conversation, except how do we just deal with her without teaching him to be a little jerk, because someone needs to be a jerk to this woman. Oh, my gosh. What is your relationship? You said he's your godson. Were you friends of the family or what? Yeah.

His mom and I have been friends for 13 years, and we just became really good friends and stayed in contact as I moved away and everything. Well, she listened to you? I have tried. It's to the point now where if I continue to push harder, I'm afraid I'm going to drive a wedge, and then she'll keep me from talking to the kids. Yeah, i if i continue to push harder uh i'm afraid i'm gonna drive a wedge and then she'll keep me from talking to the kids yeah yeah i hear you okay yeah i understand yeah i mean your name is a curse word yeah you pushed it far enough um

i am not sure on the titling of a car in my state of Tennessee to a minor. I have never done that. We had minors that had cars, but they were in my name until they turned 18, and then we flipped them to their name to get the liability off of me. The danger for you is you put the car in your name. He has a wreck. It's your car that killed somebody with a 16-year-old driving it. And you have increased your personal liability considerably if you put it in your name.

I don't think you can title it to him, but I'm not sure. I just don't know the answer to the question. Why don't you call the Department of Motor Vehicles or something in Tennessee and ask them how to do that, and can that be done? If he can title it in his name, that solves everything. Then her misbehavior is not going to cause someone to repo his car. Got it. If he can do that, that's the easiest thing.

The next best thing would be to put it, you can title it to an LLC. If you wanted to form an LLC. I do have an LLC already. Yeah, but has it got anything else in it? Not really. Okay. If it's got no assets, that fine my cars are in an llc but the only thing in that llc are cars and so if one of those cars hurts someone the llc could get

sued and i could lose the the llc could lose the cars that it owns okay so which makes a traffic stop really interesting they go what uh so but anyway who owns the car and so uh but uh uh so but anyway yeah you could put it you i know you can do that because i'm in tennessee and i've done it so you could title the car to an llc as long as there's no assets in the llc that are exposed to him misbehaving with that car then that's an okay way to do it uh then we've just got to cover the insurance, and insurance for a 16-year-old, there's not a good answer. It's just going to be high. So that gets the car out.

And then, you know, I'm just trying to, from a practical standpoint, think what Dr. Henry Cloud that wrote Boundaries would say to have you help him have some boundaries. But I really hate to try to teach a 16-year-old to stand up to his toxic, dysfunctional mother. That's just a hard, you know, that's a bad situation. Maybe, I'm guessing because I'm grasping at straws i'm pretty pissed off right now so uh but the uh uh because i'm gonna choke her but the but maybe uh you and him have a talk that says hey if you want to park some of your savings up here in one of my accounts and then when she comes to you and asks for money you can tell her the truth that you don't have any right now then that gives him a an escape hatch gives him a way to say a no to his

mom yeah i've told him that whenever you know somebody asks you for money you're allowed to say you're broke if even if you have money because that money's allocated for something else it's it's not available yeah it's not just to say i don't have even if you have money because that money is allocated for something else. It's not available to be given away. Yeah, it's not just to say I don't have any money right now available for that. I'm so sorry. Yeah. He can say that, but I know, too, that he's 16 and he's at home and he's a responsible young man and an honorable young man. I know this because he gives money to his dysfunctional mother.

So it's hard for him to say no to her. And if we can do something to put some kind of a process or structure in place that makes it easier for him to blame something else than himself, he's going to have more success keeping her hands off of it. Yeah, I'll gladly take the blame for that. Yeah, yeah. And, you know, if she calls you and asks you for the money, just go, oh, no, honey, what kind of mom asks their kid for money? Yeah.

I can't believe you wouldn't do that. I know you're not that lady, are you? And if I'm you, that's my answer to her. I would shame the butt off of her. She needs it. Got it. Oh, my gosh. Thank you, sir. Yeah. Oh, man i'm hey you're a good dude i appreciate

you sticking up for these kids and trying to give this young man a track to run on and my pleasure yeah let's give him some escape hatches and title the title the car to anyone but her will do i appreciate that thanks brother wow you know the first time i had somebody it was like 20 something years ago here on the air we really when i first started this show nobody talked about identity theft there was hardly any such thing 30 years ago nobody did identity theft much it's kind of a you know it's a new crime and then the first time someone called me up and their parents had stolen their identity and opened accounts when they were like 16 in order to pay parents' bills, and then the 16-year-old grows up and is 27 and is married and has totally trashed credit because his mother had stolen his identity

and run up a bunch of accounts falsely in his name because her credit was so destroyed she couldn't open anything. But she felt entitled to use her offspring's identity, which, by the way, is criminal freaking fraud. Go to jail. Do not pass go. Do not collect $200. Criminal fraud. Criminal fraud. Criminal fraud. Criminal.

Criminal. So, if you steal your child's identity, by definition, legally, you are a felon. You are a criminal. By hillbilly definition, you are scum. Who does that? Some people. This is the Dave Ramsey Show. I'll see you next time. Our question of our scripture of the day, 2 John 1.8, Watch yourselves so that you may not lose what we have worked for, but may win a full reward. Amelia Earhart said, The most difficult thing is the decision to act.

The rest is merely tenacity. Jack is with us in Dallas, Texas. Hi, Jack. Welcome to the Dave Ramsey Show. Dave, how are you today? Better than I deserve. What's up? Man, I am at a financial crossroads

on a decision that I need to make and need your assistance in getting some perspective on college for my oldest son. So let me give you kind of a breakdown of where I'm at financially, and you can kind of maybe make a decision for me or help me. So I am debt-free except for my house. I've got my living expenses of over nine months plus. I've got, I fully investing into my retirement account through work. I am, I've got a good chunk of money set aside for my sons and I've got three of them. The crossroad is my son, who is a senior this year, for the longest time thought he was going to be going into the military. So, yeah, I pulled back a little bit on what I was putting into his college account.

After COVID hit, really there was two things that I did. We actually took advantage of that time, and I had him go through your Total Money Makeover book, but I also had him do your 13-week high school course. And in doing that, it was really – and he ended up actually getting a little side job. It's interesting. He became really kind of a Dave Ramsey disciple. Here's my problem where we're at right now.

He now knows that he does want to go the college route versus going to the military. I'm trying to figure out whether to go the JUCO route for financial purpose or to go the four-year route at a local or at a state college. I just don't know how much I should pay versus him paying. That's kind of where I'm at right now in that college decision. Okay. He doesn't have any money, though. No, absolutely.

So how would he pay? I've got probably, because I know you are a proponent about not taking out student loan debts, is my understanding, right? That would be true, yeah. Yeah, or as much as we can. No, no, period, period. Under no circumstances do we take a student loan. Okay. It's ludicrous.

All right, you said fully funding your retirement work. What percentage of your income, household income, is going into retirement? 15%. Okay. And what's your household income? North of $160,000, I'm in medical sales, so it can go up a little bit higher than that. It just depends. I'm living on my base and i usually invest my

my bonuses how much money is in the name how much money is set aside for the three boys and what ages are the other two uh 90 total probably 30 each in each of the accounts uh my oldest is 17 middle is 15 youngest is uh 12 okay all right so it sounds like this kid's got $30,000 to $50,000 he can get his hands on from you out of that account, and then you're going to use your incredible income to beef up the other two before they get to college. That's what it sounds like to me. And I'm a single-income family. So it's like the other thing is, like, my wife is considered going the direction of getting a side job as well. I've had to travel a lot.

So it's up until this point, she's stayed home with the kids. So it's just trying to figure out. You make enough money to pull this off. You make enough money to pull this off. So here's what we're going to do. All right. All we're doing is what you do with medical sales. We're just going to set some goals and put some numbers to them and create a budget.

Okay. doing is what you do with medical sales. We're just going to set some goals and put some numbers to them and create a budget. So he wants to get a four-year degree and he wants to study what? Business. It's going to be business. And you're in Dallas, Texas. You're in Dallas, Texas. So you have University of Texas, Dallas campus available, right?

Yep. And you have what else in Dallas available? There's a variety of different state schools throughout. I mean, we're looking at those. We're also looking at, you know, Arkansas and OU. There's no point in looking at those. You don't have the money.

Okay. You don't have the money for a four-year out-of-state tuition. You have $50,000. Okay. You don't have the money for a four-year out-of-state tuition. You have $50,000. Okay. And you're cash flowing the rest out of $160,000 income. You can't afford to sign up for a $260,000 arrangement. Yeah. Okay.

Run the budget out on them, you'll see what I'm talking about. No, no, no. That's why I need the tough love. No, I'm just saying, you know how to do numbers i mean just sit down and when you what you haven't done is you haven't taken the concept of out of state and actually put math to it yet when you do you'll puke you'll just throw up in the floor yeah and that's and that's the that's where we're at right now yeah so he you know he's not going out of state he's gonna go in state so he he's, so he's not going out of state.

He's going to go in-state, so he's either going to hook them horns or be an Aggie, and he may live at home the first year or two and go to the University of Texas, Dallas. And that's not JUCO. That's four-year. Yeah, they can go that route. Yeah. If you want to go even cheaper, you could go to a community college for two years and make sure that those particular credits transfer. Oh, absolutely.

A University of Texas, an Aggie degree, an A&M degree are fine universities. Employable anywhere in the world with a business degree from either one of those. Yeah. And they're one-fourth the cost of you going across the state line and having what might even be a lesser education. Yeah. One-fourth. My guess is your annual tuition, if he moved all the way to Austin and lived on campus, not counting room and board,

I'm guessing, but I would say University of Texas, probably $12,000, maybe $13,000 a year. Tuition. That's where I was. Tuition alone. Versus the $25,000 or $30,000 going over to the state lines. I mean, if you're at University of Tennessee, the other UT, you could come up here and it's a great business degree. That's where mine came from.

But you're going to pay 4X for it because it's out of state and it's not worth paying that yeah there's one you didn't get anything except you cross the state line and a different color orange yeah it's all you got and so you know what we're doing here is we're trying to pay for education at a good education at a good value and so I think he's at home the first year, maybe two, at Dallas, and he's going to University of Texas Dallas. I assume they have an extension campus there. I would assume so. You're beginning that process.

I'd be shocked if they don't. But something like that. And then, or I don't care if you send him to Austin, but you're picking up room and board for a freshman then. And you don't get anything there but room and board. It does not increase the quality of the education. Living in a dorm is somewhat like living in a prison. You know?

Yes, it was. It's not. There's nothing glamorous about it. So, you know, you're not getting anything there. The whole thing is, what is the important ingredient in these dollars and cents discussions? It is the tuition to the university for the education. All the other money doesn't matter. It doesn't do anything for his future.

Whether you live on campus, off campus, whether you're on the meal plan, not on the meal plan, whether you're in the dorm, all that stuff is just crap. It has nothing to do with feeding your brain. It just feeds your body and keeps your head from getting wet. Your brain is what we're trying to grow. That's what the degree is for. See, this is where we've lost, and you're doing really smart here by asking about this, Jack, but people in America, this is where we've lost our way on education doing really smart here by asking about this, Jack, but people in America, this is where we've lost our way on education, is we spend more on the college experience than we do on the education. Did you hear me say that?

So hold on, Jack. I'm going to send your fabulous young man a copy of Anthony O'Neill's book, number one bestseller, Debt-Free Degree is my gift. I'm honored to have him as a listener now, and I think he's going to do great things, and I think the two of you together can make some really wise decisions. No debt. Choose a budget that you can cash flow with 50 of the 90 and out of your pocket. Meantime, we got a backfill for the other two kids out of your 160 to get ready for them to do something similar, and you're setting the template in place for the other two kids out of your 160 to get ready for them to do something similar. And you're setting the template in place for the other two. So well done, Jack.

You're a great dad. Hold on. We're going to send you Anthony's book, Dad Free Degree. That puts this hour of the Dave Ramsey Show in the books. Thanks to James Childs, our producer, Kelly Daniel, our associate producer, and phone screener. I am Dave Ramsey, your host. 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. Dave here. We just launched a brand new survey, and we'd love your feedback. You'll be entered to win a $100 Amazon gift card. No purchase necessary. Take the survey at DaveRamsey.com slash survey or text survey to 33789.