The Ramsey Show - App - How Do I Make Peace With My Sick Dad? (Hour 1)

Episode Date: April 27, 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'm Dave Ramsey, your host. Thank you for joining us, America. It's a free call at 888-825-5225. That's 888-825-5225. You jump in. We'll talk about your life and your money.

All right, let's start it off with Texas. This hour is Karina calling. Hi, Karina. Welcome to the Dave Ramsey Show. Hi, Dave. Thank you so much for having me. I listen to the podcast all the time, so I'm so excited. Well, thank you. How can we help today? I have a question about investing. So my husband and I are 22. We got married in December of last year, and we're actually graduating with our bachelor's degree this next weekend, debt-free.

Wow, good for you. What are your degrees in? Mine is in marketing, and then his is in psychology. He wants to counsel. Cool. Good for you guys. Well done. Thank you. So he's going to be attending graduate

school next fall to get his master's degree so that he can counsel. And I've heard you say before, like, you know, when you're going for your undergraduate degree to wait to start investing, we're on baby step three. We have our fully funded emergency fund. I was just curious if that applies to graduate school as well, or if you'd recommend we go ahead and start investing now. Well, the point is him getting his master's is worth more to you than a return on a mutual fund, so I want to ensure that that occurs with no debt. How are we doing that? We have our savings is good, so we um enough saved for at least his first semester

and we think the full first year depending on which college we end up going with um in addition to the emergency fund yeah i think if you had your emergency fund plus his college education in the bank then i would start investing okay. Because his psychology degree is not very valuable until he gets that master's. Then he has a career track that's valid. But it's very tough. I mean, a psychology degree is just a general degree. I mean, you can't do counseling, as you know, without a master's. You can't get licensed.

So that puts him in a position to actually monetize the degree. So finishing that master's and finishing it without any debt is primary to investing so if you've got it once you figure out your budget for a year of him going to school and you've got you've got those two years of that plus your emergency fund then i would start investing but he is a better investment than mutual funds are. Right. Mathematically, not just philosophically, but mathematically. Kyle is with us in New York. Hey, Kyle, welcome to the Dave Ramsey Show.

Hey, Dave, how are you doing today? Better than I deserve. What's up? Yeah, so I have a question to ask you. So I'm 25 years old. I have about $20,000 in the bank. I have no debt, and I'm living home with my parents, and I put about 80% into my 401K with a 6% match for my company. And I was wondering, if you were me, like, what would you do with that money

in order to maximize, I guess, the wealth I can make at this point in my life? Well, the first thing you would want is a fully funded emergency fund of three to six months of expenses out of that $28,000. And that's with you living on your own, not your mom and dad. So when are you moving out? So I'm not too sure, but I want to have maybe about $60,000 in the bank before I move out. I don't know if that's a move or not. So I have no idea.

Why do you need $60,000 instead of $30,000? I have no idea. Okay. Because I'm hearing different things from different people about what I should do, so that's why I'm calling you today. All right. What is your career field? So I work on boilers. You know, I'm a utility man.

Mm-hmm. Mm-hmm. So is that a union job, apprentice job, or what? Union job. Okay. And how long have you been doing it? For almost two years. So pretty stable then?

Yes. Okay. What do you make? Like 50 grand a year. Okay. So what part of New York are you in? The city. You're in Manhattan?

Yes. Yeah, Brooklyn. Okay. All right. Can you live on your own or with a roommate for making 50 grand? I suspect you can, but it's not going to be easy. Yeah. Yeah, I can. Okay. All right. Can you live on your own or with a roommate for making 50 grand? I suspect you can, but it's not going to be easy. Yeah. Yeah, I can.

Okay. Yeah, but I don't think I'll be able to save a lot of money doing that, Bill. Oh, I agree. I agree with that. Certainly, when you have no rent, it's easier to save money than if you have rent. I got that. Okay. It's nothing.

You're not doing anything morally wrong. There's nothing wrong financially with what you're doing. I will tell you my personal experience, and I believe this to be true in general. Okay. All three of my kids who are slightly, my youngest is slightly older than you, we went through a thing where when they got out of college, in your case, when you went out and started making money, when they left our home and set up their own household, they took a huge leap forward, not a huge leap, they took a noticeable leap forward in their emotional and spiritual maturity. There's something about having to carry the weight of your own grocery bag into the house and carry the weight of the electricity bill that matures you one more level. You are a very mature and sharp young man just talking to you already. I think you will achieve another level when you move out.

Now, I'm not saying you have to move out in six days. I'm not even going to give you a time frame. If I were in your shoes, which is how I answer questions here, I would not be there longer than 12 months more. Not 60 grand, 60 grand's random. You've done a really good job of saving money. You're very conscious. You're calling this show at 25 years old. All of these are great indicators for your responsibility and what a sharp young guy you are. But if you were my son living in my home, I would say I love you. I love having you here.

I enjoy the relationship of having you here at dinner every night. But I think it's going to be good for your manhood, your womanhood, if it's my daughter, to pay your own bills sometime soon. So let's talk about when. Let's put a timeline on it and begin planning towards that. And you can decide whether it's three months, six months, nine months. I don't care. It does not need to go any longer than 12 months. You need to move on.

And the good news is you didn't bring it up, so I'm assuming that you've got a really good relationship with your parents and there's not a toxic environment of some kind that you need to run from. Sometimes people are in those situations, but I think you're a really sharp young dude, and that's the first thing I would do. Then once you've done that, I would begin saving above my emergency fund and thinking about my first purchase of a property, which in your market is very difficult because it's a very expensive real estate market. Hey, man, thank you for the call. Honored to talk to you, sir.

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Yes. Hi, Dave. I have a question. I am 54 years old, and I have a 401k, traditional 401k, and it's in my company's plan. They are offering now a Roth 401k. Do I need to switch over to a Roth 401k at the age that I am? The money that is already in there, I would not switch to a 401k or to a Roth. But from this point forward, I would do a Roth.

And if you have some extra money, I might convert what you've got in there now extra money would be you're out of debt you have your emergency fund your house is paid off and you're still sitting on some money are you anywhere near that kind of a picture i have my emergency fund and my debt's about paid off except for just my house good okay when your house is paid off how quick do you think you're going to get it paid off uh it's going to be a while okay then you probably the part that the part of your 401k that's intraditional i'm probably just going to leave there then the new part that you're putting in from this point forward i would make let it i would make roth and let it grow tax free because you're probably not going to touch that part for many, many, many years. And the

growth on it being tax free is going to be a big deal to you later. In other words, by let's say by the time you're in your 70s, you're late to mid to late 70s, you're already working on living out of some of the other, the traditional 401k, then maybe you start tapping into the Roth. So you've got 20-plus years before you're going to want to tap into the Roth portion, this new portion, and that's going to grow tax-free. So that's a good piece of math, and it's going to work out in your favor. Thanks for the call.

Zach is in North Carolina. Hi, Zach. How are you? I'm carolina hi zach how are you i'm doing pretty good how are you better than i deserve you guys getting back to work over there uh yeah i do uh well i assume you remember from last time i called but yeah we um i was able to get a job at a much better carrier that's treating a lot nicer and our financial situation is actually improving great good to hear that how can i help today uh hey i got a little bit of a stressful situation that kind of took us by surprise so um i was told my dad was not doing too well he had gone to the hospital the other day he was able to go home they said he's doing okay but the way my mom says he does not think he's going to make it.

So it could go either way, but we were not on speaking terms as of about October or on the last time I called you. And I'm trying to figure out how to approach this so that I can make peace with him, but I'm not good at this stuff and it's just stressing me out. Cause like on top of trying to make peace with him, there's also the financial side of if something were to happen, and I want to be able to talk to my family about how to deal with that if it occurs.

But you're talking to your mom? Yeah, I am talking to my mom still. Okay. What was the dispute about um to keep it as brief as i can there's a lot of details but to keep it as brief as i can uh we had lived with them a few years ago but my wife suffers from a number of mental disorders and that caused her to for lack of a term, misbehave while we were there. And there's been a lot of tension ever since.

And on three separate occasions, he has opened up about that drama on social media, despite numerous requests from me to not do that. And the last time he did that, it was because my mother-in-law had moved in with us, and my mother-in-law had previously done a lot of damage to our situation by relapsing on drugs. But she had gained my trust back, and I was giving her one more chance to make peace, and she was in a situation where she needed the help, so I brought her back. And he made another comment when I posted something about trying to get a house online. And I shouldn't have said what I said, but I laid into him because he crossed the line again, and I just got mad.

And I haven't talked to him since. Okay. Are you in a good church by chance? At the moment, no. We're still somewhat new to the area, and I'm an over-the- road truck driver, so I'm not even home enough to go to a physical church. I listen to apps most of the time. That's about it. I got you.

Okay. Uh, within your circle of friends, I would ask a couple of your buddies and say, Hey, who's a good pastor in the area? And, uh, then just call that guy and ask him to give you some advice and learn a little bit about the situation and guide you through reconciling with your dad. You know, when somebody misbehaves, if they're going to continue to misbehave and you continue to engage them, that means you're just an enabler.

And his posting stuff about your personal life or correcting you on social media when you're a grown man is absurd. So in a sense, he earned being lit into. But, yeah, you probably did it wrong, and you probably have done that too. So, yeah, I would like for you to make peace without having to condone his misbehavior. In other words, there's a difference between forgiveness and reconciliation. There are people in my life that I've known over the years that I have forgiven, but I have no desire to be reconciled with. Now, that would not be the case with your dad, okay? But for instance, in business, you know, I've had some people that were complete crooks, and I move on. I've forgiven them,

but I'm not going to do any more business with them, which would mean I would reconcile. That's the difference in forgiveness and reconciliation. They're two separate things. And so the first thing you need to work through is just forgiving him and saying, well, he's just an imperfect guy, and he happens to be my dad. Well, welcome to all of our dads, and welcome to us that are dads. And then you decide what are the good boundaries to pick up for reconciliation. And, uh, so get with a good pastor. I'll tell you something else. Hold on. I'll have Kelly pick up

and I'm going to send you a copy of Dr. Henry Cloud's book boundaries, because that's what this whole discussion is all about. It's a boundaries discussion. He violated your boundaries when he did that. And then you overreacted. Uh, and now we've got a torn relationship. So that that's what you're dealing with. And then you can, you can work through that. And I hope you can, it would be very wise. Um, my guess is the way you've described the whole story too, with him coming home and saying, I'm not going to make it, but everybody else says he's going to make it. He a bit of a drama queen and so you're probably going to run into that in this process too just know that up front and just kind of calculate that and go well that's who that

is and um you know uh that that's a good way to work with it so hey man thanks for the call sorry you're facing that open phones at 888-825-5225. Our question of the day comes from Blinds.com. A 100% satisfaction guarantee. Even if you mismeasure, you pick the wrong color, you get new window blinds for free. Free samples, free shipping. With the new promos they run every month, you save even more. Use the promo code RAMSY to get the best deal ever.

Lance is in Florida in Baby Step 5. My wife and I would like to move our family to a larger forever home. We owe $58,000 on our current home. Homes in our area sell for $182,000. In remodeled condition, our home is very outdated, needs some upgrades. Should we sell it now for less or put the money in it to fix it before we sell it would you recommend a different path before selling i get with your endorsed local provider for real estate in the area that you might use to list the house with either way get their opinion there are some dollars you spend that you never see again in renovation and there are some dollars you spend that make you $10 in a renovation,

meaning if you spent the right $2,000 to $5,000 to $10,000, it might raise you from $180,000 to $2,000, but you'd have to do that strategically and very thoughtfully, and I think a good realtor can give you some really good insight into that. So click on DaveRamsey.com for ELP Real Estate, and they'll help you out. This is the Dave Ramsey Show. If you do this one simple thing that we all do, you are literally at risk of being hacked and someone stealing what you've worked so hard for. Do you ever use public Wi-Fi?

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Download it today from your app store and be secure in seconds. Thank you for joining us, America. We're glad you're here. Open phones at 888-825-5225. Next week or two, we're going to do a generosity theme hour. There's been some incredible acts of generosity during the coronavirus shutdown and crisis. People have done some awfully mean, crazy, and horrible things to each other, but they've also done some wonderful things to serve and help each other and just to say thank you and to lean in and so forth. So we want to hear from you. If you have been involved in receiving or giving a fabulously generous act,

particularly during the corona situation, that's what we want to outline, is just to be able to tell folks that there's been some good things happen. There's a lot of good news out there. So, again, you can just email that to Dave on air, put generosity in the subject line, and tell us a tiny bit about your story. Kelly, I'll get back with you, and we'll make you part of that generosity theme hour that we want to do,

really a coronavirus generosity theme hour, or corona crisis theme hour, whatever you want do, really a coronavirus generosity theme hour, corona crisis theme hour, whatever you want to call it, for generosity. And just email it to DaveOnAir at DaveRamsey.com. DaveOnAir at DaveRamsey.com. Tasha is with us in Tennessee. Hi, Tasha. Welcome to the Dave Ramsey Show.

Hi, Dave. How are you? It's such a blessing to talk to you. You too. What's up? I have a question. So I want to be able to buy a house. Good. Because where I'm at now is just not about $30,000 in debt. So I'm just trying to figure out, should I work towards saving money towards a down payment so I can come away from where I'm at now? Or do I start with the baby steps? I really, I'm really just looking for guidance and direction. I just, I don't know what to do. Yeah, I understand. So what's your household income? I make about $55,000 a year. And what's the $30,000 in debt on? I have student loans that total to about $15,000. I have a car that I only owe $3,500 on,

thank goodness, like doctor bills and other little things like that. That amount to $10,000? I'm kind of really just guessing. I'm kind of eyeballing. I'm not for sure. Okay. Well, the first thing you need to do is do a very detailed list of your debts

and list them smallest to largest. Now, in 30 years of doing financial coaching with people, I have found zero people that regret being debt-free and having their emergency fund in place plus their down payment before they buy. I have found a lot of people that bought a home while still in debt barely got in there then the stinking hot water heater goes out of the roof leaks septic tank stops up whatever and they're broke the problem with home ownership is it is a wonderful blessing over the long haul as long as you have the money. But when you're broke, $30,000 in debt, and you buy a house,

it ends up being more of a curse than a blessing. I want you to get a house. I just don't want your house to get you. Right. So if I were in your shoes, what I would do is make a detailed list of those debts, and I would say, this is my new game. I'm going to knock these puppies out as fast as I can, list them smallest to largest, attack, get your every dollar budget going, attack with a vengeance on that smallest debt.

When it's gone, attack the next one down. When it's gone, attack the next one down. And every time you do that, you don't have that payment anymore on that other one. So that gives you more money to attack, right? That snowball rolls over, picks up more snow. And kind of lay that out and look at that math a little bit and see how long you think you've got to be there. If you're feeling unsafe in the area that you're in, you may need to move and rent something

in a different neighborhood while you're getting out of debt. Because it may take you a year and a half or two years to get out of debt and build that emergency fund and build that down payment. My guess is it probably will. But I didn't hear $30,000 in debt. I heard $18,500 so far. $15,000 and $3,500 is the only two you got dialed in yeah so 18 five biggest ones yeah oh i'm sorry i owe the irs to probably like five thousand dollars oh i forgot about that that's a big one

okay yes yeah and you fixed the problem that caused that yes i fixed it okay good are you getting a big tax refund now they kept it towards that okay yes all right and you've got them on payments other than that yes i'm going to set them up on a payment plan i'm just trying to figure out yeah how to budget and and live and pay debt like i'm I'm really confused on how to do it all. It gets complicated. Well, all a budget is is we're going to list our, put our income for the week or two weeks or month at the top of the page, and then I want to give every one of those dollars an assignment down the page.

I'm going to buy food with it. I'm going to buy lights and water with it. I'm going to pay my rent. I'm going to pay the single, the regular payments on on these bills and then when i find money that's left over i'm going to use it to attack this debt and uh no no luxuries in this budget because we're trying to get out of debt so we can get a house and every time we go out to eat again it keeps us from getting out of debt to get a house anytime we do anything go on vacation that kid that got that money if it had gone towards the debt, you got a house faster.

So you got to make it a big priority, and that's all you are doing is focusing on that. Hold on. We are running a 14-day free trial on Financial Peace University. I'll put you on hold, and Kelly will pick up and let you know how to sign up for that. And you can get that 14-day free trial going at DaveRamsey.com. And that will help you get it going. And you can get in there and learn about this stuff a little bit, and then you'll want to stay in financial peace through this time for certain

and learn how to not only get out of debt but be able to get in a position to buy that house. All right, Adam is with us in Ohio. Hi, Adam, how are you? Hi, Dave, I'm doing very well, thank you. I'm a big fan of yours. Thanks for taking my call today. My pleasure. How can we help? So, long story short, I am currently pursuing a career change that's going to significantly reduce my household income. So, that being said, my wife and I are planning on selling our house at some point in the next 12 months in order to downsize to something that will better align with our future income. What are you going to be doing?

I'm sorry? What are you going to be doing? So currently I work in digital marketing. I've been in that field for about 10 years. I'm actually going to be pursuing a career in emergency medical services. Okay. And so you're going from what to what? So my personal income would be dropping from about to probably anywhere from

about 25 to 30%. Now our total household income probably will not uh drop that much though because my wife currently works part-time uh my my current full-time position allows my work to our laws my wife to stay home part of the time with our daughter uh but she will be going back to work full-time in order to kind of offset um the reduction in my income. Wow, you really want to do this bad, don't you? Yes, yes, yes, sir. It's something that's been a long time coming and something I feel that God is really leading me towards.

Okay. All right. And so what is your household income now? What will it be then? So the current household income is just under $100,000, and my estimate right now is that our household income, when all is said and done, probably a year or so from now, will be somewhere in the $70,000 range. Okay.

So you're going to sell your home, and you're going to live on $70,000. Yes, sir. So the main question for you today is, by selling our current home based on today's property values, we're looking at walking away with about $100,000 in profit. My question for you is what is the best way to allocate that $100,000? Do we use 100% of it to put towards the down payment on? I would clear up debts.

I would have an emergency fund. I'd put the rest on the down payment on... I would clear up debts. I would have an emergency fund. I'd put the rest on the down payment. If you've got no debts and you have an emergency fund, I'd put 100% of it down as your down payment. Hope that helps. Folks, I love telling you about well-made, well-thought-out products. Today, I'm talking about Grip6 belts. I don't know about you, but I'm not a fan of traditional belts.

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To learn more and get this month's Dave Ramsey special, visit Grip6.com. That's Grip6.com. That's GRIP6.com. Thank you for joining us, America. This is the Dave Ramsey Show. Open phones at 888-825-5225. Jack is with us in California. Hi, Jack. How are you? Good.

How are you? Thank you for taking my call. Sure. What's up? So I have $120,000 in savings. I'm 31 years old, and I'm trying to figure out what to do with it. Long story short, currently unemployed. I'm a union electrician and work's not looking too good here in the San Francisco Bay Area. And prior to getting laid off, I was planning on purchasing two rental

properties through the Real Wealth Network and trying to become a first-time landlord. But I think that's probably not a good idea to move forward with that. So I'm seeing what your suggestion was. Okay. Are you going to stay in the area? I think so. I mean, yeah. I mean, I'm not too sure I've considered relocating, but I've been born and raised in the Bay Area, so it's kind of home. Okay. And do you have any debt? No debt. Okay. Just $200 on the credit card. Okay. All right. Well, certainly we'd get rid of that and get a debit card.

But aside from that, you know, it's a fairly minor situation compared to the fact you've got $120,000 sitting there. Well, you're not going to buy a house in the Bay Area for $120,000. So I would have told you not to do the deal that you didn't do because you were getting ready to go into debt to buy that house. And I would not have told you to do that. So, um, I was actually looking at like Cincinnati to purchase homes. Not for $120,000. For cash? Or are you borrowing money? No, not cash. To borrow. Yeah. That's what I'm telling you. Don't take out a mortgage to do investment property.

That's not something I do. I own a bunch of investment property. I pay cash for it or I don't do it. So you don't really have enough to be playing real estate investor right now. So a portion of the $120,000 should be set aside as your emergency fund, and that's three to six months of expenses. And then beyond that, maybe this is used as a down payment on your personal residence and purchasing something for you to live in. And when you get that paid off someday, that's when I would become a real estate

investor. Now, once you're debt-free, have your emergency fund in place, which is where you are, and you're reemployed here, I would start saving 15% of your income for retirement as a part of your monthly budget. But that's still, if you set, you know, $40,000 aside for your emergency fund, you've still got $80, dollars to do something else with and that would make a really nice down payment on a nice home and begin to begin thinking about owning something a condo a house whatever it is i don't care and then get it paid off as fast as you possibly can but no i would not be buying property uh with a investment property with a mortgage and right now are the times that illustrate why you know people say stupid stuff in that world like oh well the renters always pay your payments oh not this month

some renters are paying their payments but some of them want to pay and can't and that's the truth all right uh travis is with us in Arkansas. Hi, Travis. Welcome to the Dave Ramsey Show. Hey, Mr. Dave. How you doing? Better than I deserve. What's up? Hey, the question is, my wife and I are planning on moving in probably three or four years to get – it's our little boy will be starting school then, and we want to get in the right school for him. So my question is, when we reach that point to pay down that mortgage early,

do we go ahead and do that on the one we have, or would it make more sense to save that money instead since we're going to be selling our home and buying another one? It makes more sense to pay it down on the mortgage. Why don't you go ahead and move now? I just feel like we don't have enough equity in it to buy the house that we want to buy. I know that you advocate for the 15-year, and we're just not ready for that yet.

But I think we can be in three or four years. Okay. All right. Yeah, well, a portion of that three or four years, it sounds like you're getting out of debt, building your emergency fund and other things, and then you'll start paying extra on your home above your 15% going into retirement. But it doesn't hurt anything to pay down the mortgage because 100% of the time that you sell the house, they hand you a check for that equity.

Sweet. That sounds good. Yeah, it's not like spent money or lost money or something. I mean, if you use that same amount of money and you go buy something like a vacation, that money's gone. But when you pay down your house, that money's sitting there. It's just sitting there in a different kind of bank jose is with us in california hi jose how are you hi dave how are you better than i deserve what's up thank you for taking my car i appreciate

it i was just uh i was just calling to give you some advice i've taken a uh you know a hit on my net worth and uh i'm still working my job is safe but i'm just trying to see what i can do to pump that up uh get it back up i'm uh why did you take a what took a hit on your net worth and why did it take a hit? Well, my mutual funds. Yeah, so I'm at 13% right now on my 401k at work, but I just got a merit increase, so I'll be bumping that up to 15%. And I also maxed out my Roth for my wife and I every year. So what would you give me advice on doing extra? So the only thing that took a hit was the stock market being down because of coronavirus? Yeah, that gets me all fired up.

Okay. Well, I mean, basically it's down 6,000 points out of 30, so it's lost about 20%. How much was in your 401K? Oh, my 401K at work is around $140,000. It's down to like $110,000 right now, $150,000. Probably not. You need to look again today. It wouldn't be down that far.

How much is, other than that, if you get in mutual funds, have you got other mutual funds other than your 401k? Yes, like 401ks and, I mean, Roths and Traditionals, I have around $650,000. Okay. All right. Well, and so if you had, you know, $900,000 total invested, you're probably down about $200,000, give or take. Yes, that's kind of what I was calculating. Yeah.

And so what do we do about that? Well, mine's down, too, by the way. And I've got more than that invested in, so I'm down more than that. You know what I'm doing? Nothing. I'm riding it out. I'm on a roller coaster ride, and it's on the bottom of the hill, and I'm going to let it climb back up.

And by this time next year or sooner i think it will have fully recovered personally but even if it doesn't even if it takes it a few years so what i don't really need the money you don't need the money right now you're not using that money right now are you no no no i'm just trying to you're just in freak out mode because you're looking at your freaking statement every day not every day maybe once a week okay well quit looking at it so much it'll drive you nuts okay you don't look at it when the news is good you only look at it when the news is bad that's true okay don't do that you drive yourself crazy man so here's the thing in those mutual funds is 90 to 200 if it's a growth stock mutual funds,

90 to 200 of America's best and brightest growing companies. So Coca-Cola, McDonald's, Exxon, Boeing, Apple, McDonald's, whatever, right? That's who you would find in there. Now, most of those are down because of a 30-day hole in the economy, a 45-day suppression of the economy. And so they haven't been making as much money, so their stock price is down. Agreed? Yes. Fundamentally, those companies are sound.

Fundamentally, they're profitable. Fundamentally, they hold assets. None of that has changed. There's just this 30-day, 45-day hole in their revenue. But fundamentally, they're still solid. So I'm thinking that a year from now, companies like I just named will all be back to as profitable or more than they are today or than they were yesterday before the Dow,

when the Dow was close to 30 and today it's running 24. So, a thousand. So that's why I'm comfortable with this. It's easy for me to ride the wave up and ride the wave down. Because I've been there, done that, seen all this stuff before. This is the Dave Ramsey Show. In the middle of these uncertain times, Ramsey Solutions wants to give you some hope. For the very first time ever, we're giving you Financial Peace University free for 14 days.

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