The Ramsey Show - App - How Do I Plan for Buying a House? (Hour 1)

Episode Date: November 26, 2021

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the 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. Ken Coleman, Ramsey Personality, is my co-host today. You jump in, we'll talk about your life and your money. It is a free call at 888-825-5225. Kyle is with us in Charlotte, North Carolina. Hey, Kyle, how are you?

Hey, I'm good. How are y'all? Better than we deserve, sir sir how can we help all right so i have a couple questions i have a um house that my parents built and then when they split up my brother stayed in the house the house has been put into my name mama says just for tax purposes so i want to sell the house while the market is good but you don't really want me to so i don't want to do that but i'm also wanting to start a business flipping houses now it's probably not the best time to do that but i do have a line of credit against the house because the house is paid off so starting a business is flipping houses is really

expensive so a couple of questions. Should I move out of the house and start my own? I'm 30 years old. Start my own life without that. And is it okay to use the heat off against the house to start flipping houses since it is such an expensive business to get started in? Okay, there's a lot going on here. Yeah, there is.

The first thing is it sounds like morally it's not your house. Did she give it to you, or did she just deed it to you for her? She deeded it to me for her. Then deed it back to her. For now, she said that eventually they did mine. I don't care. Deed it back to her. Deed it back to her.

You've got all the liability and all the problems and none of the benefits. Right. Just quit claiming deed it right back to her you've got all the liability and all the problems and none of the benefits right just put it just quit claiming deed it right back to her and let her have her own house and then you go about your business and go about your life um and which means you don't have any money right right and you don't have any way to borrow a home equity loan on a house you don't own right correct yeah which you don't need to be leveraging that house, especially if it's, you don't need to be leveraging it, period, but you especially don't want to do it if it's really not yours morally, because morally it's her house. That's what we're saying, right?

Yeah. Okay. So we cleaned that part up. Now let's go back to the other part about flipping houses. This is what i did i used to buy foreclosure real estate in my 20s and i would borrow the money to do it and i would flip the house and make a profit and i would borrow the money to buy rental properties as well and hold in some cases hold them sometimes it took a lot longer to flip than i thought um and i've done in excess of 2 000 real estate deals in my life so i've actually

done for a living what you're talking about doing so this is not some theory i I actually did it. Right. And I went broke doing it because I had borrowed $3 million after it was all said and done, and I had about $4 million worth of real estate, and the bank got sold to another bank, and they called our notes, and we spent the next two and a half years of our life selling everything to try to beat foreclosures.

We became a foreclosure after we used to buy foreclosures. And we lost everything by the time I was 28 and had to start over. That's the Dave Ramsey story. So all of that to say, you can make money flipping houses. In a market as hot as this, it's very difficult because the trick is buying it at a deal in order to sell it at retail you buy it at below wholesale and you sell it at retail like you do anything in business right and um and so that's very very difficult in a white hot market where anything that comes on the market no matter how how bad, how ugly, or how messed up it is, is bringing premium price in two days.

And so it's just really, really hard to find a good deal on a property in a market like this. So that's thing number one. Thing number two is the only way I would suggest you do this is with cash, which means you've got some savings to do, saving to do with your career before you move on to buying your first property with cash. And if you flip with cash and in a market that's not white hot, it can be done. It's very difficult.

It's a lot more difficult than they tell you at the real estate seminar where they charge you $3,000 to learn how to do it. Yeah. Kyle, I want to know, to learn how to do it. Yeah. Kyle, I want to know, are you planning to do a lot of the work yourself? Are you considering yourself a carpenter, a handyman, fix-it-upper guy? I am. Since I was 13, I've been in the construction industry. So construction is my passion.

That's what I love to do. Are you currently... What is... Okay, I'm sorry. I have a hard time understanding. Are you currently employed in the construction industry? Not in the residential industry, no'm sorry. I have a hard time understanding. Are you currently employed in the construction industry? Not in the residential industry, no. Okay.

Well, I've got to tell you, if it's me, I'm going to start a renovation handyman business because you need to come up with the extra cash, yes? Right. So I'd start doing that. Let me tell you why. Not only is it very practical for you to make extra money to be able to save up to buy your first house and cash flow something really small, you're going to get the experience that you need to do it for yourself. Somebody else is paying you to do it.

And let me tell you something. In Charlotte, North Carolina, I would say, Dave, that's very similar to Nashville as far as market size, economy. You start doing bathrooms, additions over garages, someone else is paying you. You can make some really, really good money and, again, get great experience, learn who the subs are because all of those subs, those relationships and those experiences and that money all has to come together. I'd start a small business, grow it slow, cash, just cash, cash, cash, and just put it away, put it away, put it away. And before you know it, two, three years from now, you're doing something you really love.

You might be doing it full-time now, and then you put away the money to buy that first house and flip. I think that's the best path forward, Dave, because he enjoys it, number one. Number two, he gets the experience he needs. Someone else is paying for it. I love it. So, Kyle, the rule is this, and I broke the two, he gets the experience he needs. Someone else is paying for it. I love it. So, Kyle, the rule is this, and I broke the rule, and you will break the rule. When you use borrowed money to buy a property, you're not as careful, and you pay more.

If you're putting money that you've saved over three years, I've been saving like crazy, and I've got to go buy this house, and I start start thinking about i wonder what that roof's going to cost i got to put a roof on it uh you're going to know what that roof's going to cost before you buy the property and you're going to know what the value of that property is after rehab you're not going to guess and you're not going to get in a hurry and you're not going to get sucked into a bad deal when you're spending real money not borrowed money borrowed money makes people sloppy they don't pay attention and they do worse deals and that's how people go broke the number of people who use borrowed money to flip houses and are still doing it after a decade is almost zero almost every one of them go broke during that decade it just doesn't work so if you want to do

flips you can do it it's very hard it takes a lot of work to find the deals it won't work hardly at all in a market like this and you should do it with cash now if you don't follow that you're going to get to learn the lesson the hard way like I did. This is The Ramsey Show. We'll see you next time. All over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Health Care Ministries, or CHM, is a nonprofit organization that helps members carry one another's burdens with health care expenses. And they have successfully shared each other's medical bills for nearly 40 years. See if CHM is right for you by visiting chministries.org. CHM is a proud sponsor of Dave Ramsey Live Events.

Ken Coleman, Ramsey personality, is my co-host today here on the Ramsey Show. You know what sucks? Living paycheck to paycheck. Where you have too much month left at the end of the money. You're barely covering the bills. You're never getting ahead. You feel like a rat stuck in a wheel. Run, run, run, run, run, run.

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Start making real progress. Jump in on your free trial at Ramsey Plus today. Text TRIAL to 33789. Text TRIAL to 33789. Open phones here at 888-825-5225. Janet starts off this hour in Pittsburgh. Hey, Janet, how are you? I'm great.

How are you? Better than I deserve. What's up? Better than you deserve. I know it. I've been listening to you and following since the 90s. Wow. Through Financial Peace.

Yeah. Yeah. since the 90s, but through financial peace. Yeah, yeah. Back in 2009 and again in 2012, when I was living with my husband, we paid off $167,000 in debt, but got right back in. I separated from him 16 months ago, got a restraining order, and the kids and I have been living on our own since then. I have two at home out of six.

Wow. The other four are grown up. So I'm 56. I earn, including child support, about $57.5 a year. I have two jobs. One is I work for a person with autism as an aide, and another one is I work in an emotional support therapeutic classroom as a paraprofessional. The second job I'm not crazy about.

There's a lot of danger there, and I'm getting older. So I paid off my last debt, my car, on Thursday of last week. Way to go. Yes, and so I'm debt-free. Yay! on Thursday of last week. Way to go. Yes. And so I'm debt free. Yay. And then I took the rest of the money from the settlement from the house that we sold during this huge market boom. We sold the marital residence and I put the rest and funded my baby step three.

Good. So I feel like I took two huge steps and I don't know quite what to do. There's still some money left over. I'm putting it in a fund to save up for a down payment for a house. Perfect. I'd like to move to Pittsburgh and move back home. Perfect. Or someplace where they have fantastic jobs like you guys do.

Okay. Where you don't have to worry about a kid carrying a switchblade into school. Gotcha. You know? Well, that's pretty well anywhere these days, but yeah. Okay. So I'm done with funding college and all of that. My daughter is probably going to go into the Air Force.

We don't have to worry about that. My son that lives with me pays rent, and I'm trying to figure out. I mean, I have everything budgeted. I just want to figure out how to do this house thing right without screwing it up because I'm going to be going back into debt, and I just got to figure out how to do this house thing right without screwing it up because I'm going to be going back into debt. And I just got out of debt. So I want to do it, you know, I'm thinking maybe a $50,000 house, maybe 80. Where is home that you're talking about moving to?

Oh, Erie, Pennsylvania. All right. It's very Erie the mistake on the lake. And can you buy a house for $50,000 in Erie, Pennsylvania? You still can, but the problem is, the challenging thing is the employment market. Okay. That's the thing. Now, my one job will go with me.

But my other job, you know, that's $23,000 worth of income that I have to replace. Really, with what I do, that's not hard. So who is an Erie? I'm something better than that. I have family there, but mostly it's the familiarity. You know, I could go pretty much anywhere. That's what I was thinking. But I don't have another landing pad.

That's what I was thinking. I have a girlfriend who lives down in North Carolina, but the rate of living there is so expensive. And I don't think that my second job would transfer down there. If the job situation... I'm an aide working for my son, and that's funded in Pennsylvania. So I'm golden in Pennsylvania. Yeah. Janet, what I was going to ask you really quickly is if the Erie job situation was just a snap, it was already taken care of, would that be your favorite place of all the places you could go?

Yeah. Oh, yeah. Yeah. So how much extra money, if we remove the second job where you're in the classroom, is essentially a parapro, how much money do we need to replace on that particular job? How much? $23,000. Okay. I could drive a bus and make more than that. There's a lot you could000. Okay. I could drive a bus, you know, and make more than

that. There's a lot you could do. Yeah. So let me ask you this. The thing that that gives me summers off with my son. I have a 21-year-old son with autism. Gotcha. So ideally, you want the summers off. So what could you do? Well, yeah. Well, that's ideal, correct? Mm-hmm. All right. So here's what I'm trying to walk you through. I want you to have an ideal list, okay? So ideally, if I could get a job in the school system that's not as scary as the parapro in these classrooms with some of these kids, that's ideal. But then we say, okay, let's look for what's there. Let's just not assume that, as well, it's a horrible job market in Erie, the mistake by the leg.

It's what you called it. You've kind of poo-pooed the whole area. So let's see what's there that's ideal. Yeah, I know. And so let's look at ideal, and then we look at, okay, what could I do that would still give me a life and my 21-year-old son, I mean, I'm going to work 40 hours and make really good money. I can make more than 23. And I think you've got to ask yourself, what can I do well?

Let's just start with the tools. We look at talent here at Ramsey Solutions as a tool that I can use to do work that I enjoy. So start with, hey, I'm really organized. I'm really good with people. You need to just do a quick assessment. And I want you to go to KenColeman.com and get the Career Clarity Guide. It's a simple little worksheet. It allows you to get feedback from people who know you really well, so you can get some confidence on this.

But just begin to identify another day job that you can do well, that's in a better environment, and now you're there with family. You're saving up, and you're getting that house a lot quicker than you realize. But don't assume that something's not there until you dig into it. Because I think there's a lot of work in the area that she can do, Dave, and make more than $23,000. Yeah, continue to save on your Baby Step 3B for a down payment on a house. When you move to the area, you do not have to buy a house immediately. You can rent for a little while. And let's get all these career boxes checked and your income and even support boxes checked.

And maybe North Carolina is is there that's right um i will tell you there are sections of north carolina that are less expensive than erie pennsylvania so your your set of assumptions there is just not accurate so you've assumed that everything in erie is bleak and horrible including prices on houses and then everything in north carolina is the land of uh you know, plenty and expensive. And neither one of those is completely true. There are some good spots that you can pick in Erie and land in and some good jobs that you can pick there. And the same would be true of North Carolina.

And so these blanket statements. Now, I do think the reason you want to go to Erie and want familiar is after going through this divorce and all this pain, you want a familiar place to heal. And I'm perfectly okay with that idea. That's fine. The familiarity part of your statement was absolutely truth. That was very good. So, you know, begin to find something. Make a move. There is nothing. If you go rent and get a job, there's nothing to say that you don't find a better job in a different place later and move again.

None of these are forever decisions. So you've got to get on a path here that gets you heading in a direction of a career and a house. And those are not incongruent with where you are i think you can get there i really do open phones at 888-825-5225 that's 888-825-5225 when you're faced with a set of decisions like that ken we teach decision making is in one of the leadership things in Entrez Leadership. There's a couple of things that when you get emotional, whether you're wounded, angry, whether you're hurt, whatever emotion you want to put out there, you shut down your peripheral vision and you fail to see as many options for the way around something. You get tunnel vision.

And options, the more options you have when you're making any decision, the better likelihood you're going to make the right decision. When you start saying absolutes like there's no jobs there, that area is just always expensive. These are absolute statements that are inaccurate and that's coming out of your pain. This is the Ramsey Show. Joplin, Missouri. Chris and Sarah are calling. Sarah King says on my screen, you guys are debt-free.

Congratulations. It'll help if I push the button. There we go. One more time. See, that's too much information. You people should have, I should have acted like it was Kelly's fault, but I didn't. I just said it was mine because it was. So, Chris and Sarah, how are you?

Great, Dave. It's good to talk to you. We're good. You too, finally. It was a, Dave. It's good to talk to you. We're good. You too, finally. It was a long time I've been waiting to talk to you. So, tell me how much debt you paid off. We paid off $50,624 in 24 months. Yeah.

And range of income during that two years. What was your range? We started off with around 71 000 and we ended with around 110 000 nice jump in two years what do you guys do for a living my wife is a first grade school teacher and i'm a group leader with a 3m company here and here in nevada missouri so where'd the extra $40,000 in income in two years? Well, I had a big jump in pay, and I had a couple of side hustles that I did do.

I worked a retail sales job, and when I jumped to work at 3M, I was able to jump off that job and stay there full-time. And the pay has been great, and I've been working lots of overtime. Wonderful. Good for you guys. What kind of debt was the $51,000? Credit cards and personal loans. And just to tell you, I've had a real bad trouble most of my life with being honest.

And I've just kind of had the mentality that I kind of wanted to have the idea of keeping up with the Joneses, wanting to, you know, get ahead. And we did do an attended FU class one time about 13 years ago where we were invited, and we just kind of thought, well, it's a good plan, but we tried to follow it, but then we just kind of went off on our own track, and it was more or less my issues and not any of my family. I kind of went off on my own tangent and did things without my wife and kids knowing. But thank the Lord for forgiveness.

Because of God's grace, our family is intact, loving the Lord, and because you have pointed us in directions and given us principles to go by, you know, we are living life well and thriving in our finances and in other areas. And we appreciate you, and we thank you for the principles you've given us. But we give all of our praise and glory to our Lord and Maker, Jesus Christ, for his healing that he's given to us. And we thank you so much for the principles that you've laid out to help us and guide us in our path. And we're thankful to our Ramsey financial coach, Tara Russell, from Overland Park. She was one that we got hooked up with, and she has just been such a blessing to us,

a great guide to help us setting up our budget and just tackling our debt snowball and just keeping up with us each and every month with our budget. Monthly meetings. Our kids live out of envelopes. We live out of envelopes. In fact, it's kind of a going joke that even the cat lives out of an envelope. So everybody has envelopes and only so much money to spend on the budget, and when the money's gone, that's it for the month.

That works. I love it. So it sounds like there was an amazing amount of transformation that happened all through your lives. And the money piece, once the rest I were able to teach an FPU class at our church, and that, you know, was just added momentum for us to, you know, to be able to share our story with others and to, you know, be able to help other people have their lives changed. And it's just been such a great blessing um what is the word you would use to describe uh where you've landed from where you were peace peace yes peace yeah huge amount of peace we know where the money's going, and there's no question about that anymore. That's a change

of lifestyle, not just financially, but that bleeds through other areas of your life, and every single area, when one area is really messed up. It sounds like trust and cleanliness go with it as well. Yes. We have actually a tree that we planted a member of our church we have a great loving church and a member of our church gave us an acorn and we planted it at christmas and each of our children um picked a bible verse that meant a lot to them and chris and i did too and we planted that acorn at christmas time with those Bible verses in the dirt. And that acorn tree is growing into, we hope and pray,

a strong oak tree like our family is becoming. And it's very symbolic for us. Yeah. Truly changing our family tree. Chris, I was going to ask you and Sarah, did the brokenness that you just shared with our audience, did that lead you to the FPU principles and trying to figure that out? Or did the FPU principles and getting the money part, did it help you move into the healing on the brokenness?

Or was it a 50-50? I'm just curious about that. You know, I would tend to say, and I'll let Chris say it. I would tend to say both ways. There was bleed over in both ways. You know, when you have issues going on, you know they need to be fixed. You're just not sure how to do it. And whenever we start fixing in one area, well, that's going to bleed over and start fixing other areas,

which did happen not just because it happened, but because the Lord allowed it to happen and helped us. And your principles guided us along that way. Yeah, that's powerful there. That's so powerful. I just want to say this real quick, you two. The belief in the money tactics sounds like it bled over into the belief in getting healthy in other areas. And that's a powerful thing.

Yeah. And that's a powerful thing. Yeah, and for me, it was when I was down and I had reached the bottom. I mean, I tried to do everything on my own, and I had realized that if you put your faith and complete faith and trust in Christ, and everything else will fall together. The money part came with it, but when you put your faith and trust in Christ and it's just an amazing transformation. And you know, there was desire there to get things right, but when you're not sure how to do it and you're scared, you're scared because you don't know what to do and you don't know what to pay first and you just don't know what to do but your principles helped us and our financial coach tara russell she pointed us and she always refers back to you every single meeting

we have with her she refers back to dave and she helped point us in the right direction uh following your principles you guys are incredible yeah we got a copy of The Legacy Journey. That's the next chapter in your story. You have changed your legacy. And that tree, as you said, very symbolic of this change. We still have our mortgage to pay off. You don't get that. But we are debt-free.

You don't get that. Actually, we want to come to Tennessee when we pay our mortgage off. That'll work. And we want to do the debt-free screen in person. That's our goal. We'll let you do number two, version two, when you do that. Absolutely. We'll be honored to have you guys.

And a copy of Total Money Makeover as well, which you guys can give away and pay it forward. And the kiddos are going to join you in the debt-free screen? Yes, they're coming. We're all in separate rooms. Okay. What are their names? So we have Annabelle is our oldest, and Emma is our second oldest.

By the way, those two girls are in college, and I just want to let you know, they live, Dave Principles, they're living on a budget, and they live out of envelopes also. There you go. Our son, James, is 14, and our daughter, Ella, is 8.

All right, $51,000 paid off in 24 months, making $71,000 to $110,000. Count it down. Let's hear a debt-free scream! 3, 2, 1! We're debt-free! Ha ha ha ha ha! Love it!

Whoop whoop whoop whoop! This is the Ramsey Show. We'll be right back. Ken Coleman, Ramsey personality, is my co-host today. Open phones at 888-825-5225. Patty is in New York City. Hi, Patty. Welcome to the Ramsey Show. Howdy is my co-host today. Open phones at 888-825-5225. Patty is in New York City. Hi, Patty. Welcome to the Ramsey Show.

Hi. Thank you guys so much for taking my call. Sure. What's up? So I have a question pertaining to student loans. So when I was 18, I'm 21 right now. When I was 18, I went away to college. Made the mistake of getting myself in student loans, but I didn't finish with a degree. So I currently am $54,000 in debt with just an associate's degree because I ended up going to Suffolk County Community College and I ended up just getting, you know, my basic degree.

So my question is, is that I'm deciding on going back to school, but the school that I want to go to will put me in more debt again, but it will also give me a very stable job. No, it won't. Schools don't give stable jobs. That's BS. Yeah, you have to go earn it. What do you want to do? What's the job that you think is stable that you're looking for? I want to be in ultrasound tech, which is very specific, very hands-on,

so I can't just go anywhere and be trained for it. I specifically would have to go to a program for two years in order to get the chance to even start the career. How much is that program going to cost that you've researched? So it's originally $40,000, How much is that program going to cost that you've researched? So it's originally $40,000, but I know I would be definitely able to get financial aid. I'm just not sure how much, and I know it definitely wouldn't be the entire cost. And what does an ultrasound tech make? In New York, they make easily $80,000 to 80 to 90 000 a year on average they can make even more depending on experience and location who said where'd you get

that information google yeah well there it is dave that's uh in stone because google said it yeah all right um what do you do now what do you make now um i'm a part-time cashier at a grocery store i make 17 an hour okay what is your associate's degree in uh liberal arts so it's nothing specific it was general studies okay a quick question on uh how much aid do you think you would be able to get financial aid so how much off of the 40 000 at this one program would you be able to get off um i was looking into it and um it would be about, I can't remember exactly, it was $14,000 a year, so $28,000 in total. Okay, that's a whole lot better, $14,000 a year.

So the next question is, have you done any research to see if there are other competitive programs or other options that will get you the same certification or training? I have. Are they cheaper? Yes, but they're just not close to home. So what would happen is if... Why does home matter? You make $17 an hour in a part-time job.

Move. I live at home with my parents. Oh, okay. That does matter then. Yeah. Good answer. Okay. So you're 24?

I'm 21. 21. Okay. Yeah. Well, Dave, you weigh in here, but I think the first thing that you've got to do is you've got to get a $20 an hour job, $25 an hour job. Right now, companies are begging people that have a pulse and some good character and the ability to show up on time. And I think you've got to be paying attention to what's out there. And it ain't part-time.

It's full-time because you're living with mom and dad. It's 80 hours a week. Yeah, you're going crazy to save up $14,000 a year. But you've got this debt you've got to deal with, too. But, listen, you can do this. I think you save up and pay cash for too. But listen, you can do this. I think you save up and pay cash for it, but I want you to do two or three things, okay? I'm with Ken.

You've got to get your hours up, and you've got to get better jobs. And you really need to be working about 80 hours a week. You don't need any social life. If you want to do this, you've got to set some stuff aside, no partying. You're going to have to go for it. Okay? Now, if you got – and the second thing is I want you to shop. Get the details from the people, not Google. I want you to find three different schools that will give you this certification.

Get the best deal you can get from all three schools now okay let's pretend that the school that you that you just gave us it has 28 000 off of 40 means you need 12 does that sound right right yep okay you only need 12 000 to go to that school that That's not much, because now you're working 80 hours a week. And the plan we're giving you, okay, so you're going to go work 80 hours a week, you're going to get $12,000 together. Now, if that's, and that's your dream school, correct? Correct, yeah, that's my dream career. Now, let's, I didn't say career, I said school.

That particular school is the one you have selected that you would like to go to because it's close to home right yeah it's i wouldn't say it's my dream school it's my only option no no no no no no no no that's not your only option it's your only option if you live at home true okay if you go to upstate new york and they pay you to go there and you're going free and they give you $10,000 to live, you can go up there. It's not your only option. It's the only option you have found so far, but you haven't done much shopping yet. That's correct.

You're buying a $40,000 item. You need to do some better shopping and get more bids. Now, here's what I want you to do. I want you to find the other school that will give you not $28,000 in scholarships, but will give you where you need $12,000 out of pocket. Let's say that you only need $6,000 out of pocket at this other school. And then I want you to go back to the first school and say, Hey, these guys are trying to get me to go over here,

and they're offering me everything but six thousand if you want me to come you're going to have to match that little negotiation there this phone call just made you thousands of dollars if you follow what we taught you yeah okay so number one lots of hours and better jobs. I'm serious as a heart attack about working 80 hours a week. I want you to be exhausted, but I want you to have $20,000 cash in the bank before you know it ready to do this. Okay? Number two, three detailed bids from the three different schools of exactly what they will offer you

and then play them against each other in a negotiation technique to get the best deal working for you, okay? Okay. Number three, the failed premise in this whole discussion at the beginning of it was that somehow this is going to be a magic wand, and your life is all going to be okay because you're a tech at the end of this, an ultrasound tech. Wrong answer.

Where you go to school, what you learn is almost never the secret sauce. You are the secret sauce. Your character, your ability to kick doors down and make stuff happen, you are what makes you successful. Not a degree, not a certain school that you go to there is no correlation in any piece of research on the planet based on where you go to school and whether you're successful or not but there is a correlation between character qualities and who's successful the perseverance fight chutzpah, poise, confidence, integrity. These are the things that make people successful.

Not degrees and not a certain stinking school. Once you're an ultrasound tech, they don't even care where you got that from. All they care is you got certification, now we can hire you. And I've had ultrasounds, and I've gone in for MRIs, and I've gone in for this. I never once asked the tech where they went to school. Oh, wait a minute, I can't, you went to that school, I can't let you do the MRI, I can't let you do the ultrasound. You know, never once did I stop them from running an ultrasound on my wife with one of our babies because of where they went to school. That's absolute trash and BS.

Most people don't know where their lawyer went to school. They don't know where their doctor went to school. They don't know where their real estate agent went to school. Where you went to school is the biggest joke on the planet. It's the most overrated bunch of crap, and it's destroyed the dadgum higher education world. This is the Ramsey Show. This episode is over, but if you heard about an event, product, or service and didn't have a chance to write it down, don't worry. We list everything you've heard about during this episode in the podcast show notes section or head to theramseyshow.com.

Thanks for listening.