The Ramsey Show - App - How Do I Put My Best Foot Forward in a Job Interview? (Hour 1)

Episode Date: August 23, 2021

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Thank you very much. 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. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. Ken Coleman, Ramsey personality, number one bestselling author, host of The Ken Coleman Show, is my co-host today.

Open phones at 888-825-5225. Now, Ken talks about careers and talks about your job on SiriusXM, on 75 radio stations, and on a very popular YouTube and podcast show as well. All one show, just shows up a lot of different ways, a lot of different places. So we'll take your questions about your jobs about your life and about your money and i'm happy to do that today around ramsey uh we are grieving today a friend of mine of over 25 years uh talk radio host phil valentine passed away over the weekend and uh he and I have been friends a long, long time. We did a lot of, we've been on the same radio stations many times.

We've been on opposite radio stations lately here in Nashville, but we've always been good friends and always shared a lot of viewpoints. And, of course, we've been in touch with, he's been battling COVID, and we've been in touch with him, his wife, the family, over the last many, many weeks while this struggle has gone on. But it ended with him graduating to heaven on Saturday, and just kind of hard to believe a little bit. Yeah, still a young man. Somebody that's a contemporary of yours. You guys came together at WTN, and both of you had national influence. Friends. In fact, I was just thinking when I got the email from you on Saturday that the last time I was with him and you in the same place was at your house back in March.

Yeah. We had a bunch of influencers there. And I got a picture with him and mike huckabee i sent it to mike um and sent it to his wife susan as well uh over the weekend i found that in my in my roll up there sharon actually had the picture my wife and so but we've been again friends a long long time and um you, this brings about a lot of things. But one of the saddest parts of the whole thing is to watch the number of people in America today that are happy that someone is dead that they disagree with. Yeah. On anything.

I mean, it was a conservative talk radio. So the number of people that didn't like his stance on COVID issues or on political issues that have come out and said they're glad he's dead. I mean, you guys, really, there are people that I absolutely detest what you believe. I think you're a backward socialist communist. But I am not. If you die and you say something about that, that doesn't say anything about him. When you do that, it says something about you. You classless, immature, unbelievable people. Yeah.

And Twitter is particularly bad. Of course, Twitter is just full of trolls. Billy Goat Gruff needs to get in there and deal with the trolls on Twitter. That's an old one. Yes. But, you know, it's just aggravating. And, you know, I've never – I've done a lot of things. I've run my mouth on a lot of things.

I've said a lot of bombastic, crazy, stupid butt stuff over the years. But I have never trashed somebody that died yeah happy they died because i disagree with them i got the same thing when rush limbaugh died um you know it's unbelievable we've dehumanized ourselves i mean now it's like if you don't agree with me or even worse if you say something uh with some passion and some fervor that i really disagree with, you are now dehumanized. And so we're treating people as though we've forgotten that they have a family. We've forgotten that there is a wife involved, brothers, sisters, friends, kids.

It's crazy. And again, just to reiterate, when you do that, it doesn't say anything about you. No, no. It says something about you. It says that you really are a child you really are an immature child and political people have done that i noticed one of the senators or somebody the other day said something about they wish mitch mcconnell was dead i saw that oh yeah news feed sure and it's just you know i hope he died or he got covid i hope he

dies from it or something like that oh my god you know even if you were so unbelievably horrible person that you thought that and probably all of us are that horrible a person we probably have thought it yeah you know but but the fact that you open up your mouth and say it out loud worse than that you do it in a public manner on social media just says what a horrible place we have come to in our decorum. We ought to be able to argue and fuss and fight and take an idea and wrestle that idea or that concept to mask or not to mask, to vaccine or not to vaccine, to block out people based on either one of those or not. You ought to be able to have that argument and have a discussion about that

without absolutely having to destroy someone and just believe that. And it's just horrible, horrible, because Phil, of course, had come out initially and later on recanted that, but had come out against the vaccine. And then, you know, once he had COVID and was in the hospital, he said he wished he had taken it. And that was his stance on it. And his family came out with a statement from him on that. And regardless of that, but, I mean, the number of people, it's just, it's sickening. It's sickening.

So, anyway, we'll be, actually, we're hosting the funeral here. Oh. The service is going to be here at Ramsey in our amphitheater. Oh, and it's the only place large enough. And it's outdoors, which family is concerned about, you know, being outdoors with COVID and everything. So we'll be doing that. But on quite an honor. Yeah.

To get to do that. Yeah. But yeah, I just think some of you guys out there, and you know what? If you don't want to listen to the Ramsey Show because I say stuff like this, that's fine. I'll get along without you. I'll be just fine. And, you know, if you're that kind of person that says and does stuff like that, I just assume you went somewhere else. It'd be fine.

Because if you said it in my presence, in my physical presence, I'm not sure I'd be – I'm not sure I wouldn't be spending some time somewhere in the pokey after that. Well, that's just it, Dave. Nobody does that. They don't have – they're cowards. Social media. Digital courage. Yes.

The social media filter has removed you from the redneck neighborhood. If you said stuff like that to somebody's face. You wouldn't have any teeth. Yeah, you get, you know, you say something about their mama, you get jacked up, you know? Yeah, that's absolutely right. And so, but nowadays you can do that and be a complete wuss and hide in your mother's basement. Yes. And so, but you don't have the courage.

No. To do it anywhere else. We don't even have your real name or real face on the avatar. Which, by the way, wouldn't even have... Most of the things that these people lob out on social media, if they had to say it to somebody's face, Dave, they would choke just trying to get the words out.

Just trying to get it out. The boldness. The cowardice. And the thing about those of us in talk radio, it's our job to say stuff to mess you up. That's right. And we're good at it. And Phil and me and people like us that have done this on a national level for decades,

it's our job to have the courage to say things that you're thinking or have the courage to say things that really upset you. And we're good at our job. So, you know, that's the thing. Glorify is the number one daily worship and well-being app, and it will give you tools that will help you ease stress and anxiety in your life. Just search for Glorify in your app store. It's free to download and use. And if you like it, you can access their entire content library at half price by using the promo code Christy. So download Glorify today.

Ken Coleman, Ramsey personality, is my co-host today. Rick is with us in Saratoga, New York. Hi, Rick. Welcome to the Ramsey Show. Hey, guys. How are you? It's such an honor to be speaking to you. You too. What's up? So I kind of have a career question for you guys. My wife and I were on Baby Step 2.

We have $180,000 in student loan debt. And I'm in the process of working with Proximity Principal. So I have a great mentor and he's kind of helped me get clear on where I want to go and has offered to make some introductions for some informational interviews. And just wanted your advice on this kind of get started phase on the process, you know, how I can put my best foot forward and the mistakes to avoid. Yeah, well, you know, here's the thing. If you're really, really prepared in the interview process itself, and it seems like you kind of broke up, is he helping you with some of these connections so you're going into these interviews a little bit warm? Is that what I'm understanding?

Yeah. So he's offered to make an introduction to a couple people. Perfect. Areas that I might want to go into. So here's the deal. You're already way ahead of the rest of the candidates because he's got some credibility, obviously, over there. So they're going to hear good things about you before the interview. So I would keep it simple. This is a very stressed out environment for a lot of people to do an interview. So the key is to prepare, prepare, prepare. They've done some research. I read some research recently that the brain will retain 70% of what's in it, even under the most stressful environment. So

I've got a little phrase that I tell people relentless preparation leads to reflexive performance and it's just like these quarterbacks that perform under pressure in the two-minute drills they've watched the film they've practiced the two-minute drill the plays are going to run over and over and over again and we've got a free interview guide called how to win the interview at kencolman.com i'll make sure that kelly gets it to you it's absolutely free. And we go through specific questions that we know from research that hiring managers tend to ask. And then I teach you how to ask questions. And this would be the advice I'd give. The most important part of the interview, Rick, how do you put your best foot forward? It's by asking really good questions in the interview. A big mistake that

people make is they feel like it's a one-way conversation that you're just answering questions. But there's going to be time for you to be able to return the serve and asking questions like, what kind of person wins in this organization? What do you love most about the culture here? What's your leadership style? Things like that. We give you more examples in this free free guide but that's how you stand out rick because you look prepared you look insightful and and you also are showing enthusiasm by asking those kinds of questions that's how you stand out many times by the questions that you ask you know and it you know just if you kind of think about it it's not like some kind of technique no

the biggest technique here is to just flip the uh moccasins for just a second welcome welcome all the other guys let's pretend you were interviewing someone do you want to interview a wet dish rag who only responds yes or no when you ask a question no because that's what they're going to be when they work for you there's a wet dish rag right and they bring no energy no creativity no add value to the thing so if you're interviewing and you're hiring someone what do you want them to be well i want to see some energy yeah some enthusiasm some uh ability to think on your feet i want a little bit of intelligence here hello yeah and um and and i want to know by the way you're handling yourself that you're there

for what you can bring rather than what you can take yes and and so i i love questions i mean i i don't know the techniques and all this stuff they've got all these interview techniques how do you match two how do you match uh three different unmatching socks in the dark and all this bs try to figure out people's thinking skills or whatever but i just like to you know i if you were interviewing someone and you were going to give them your money to work for you yeah and it's money that you don't have anymore because you gave it to them yeah then you want to hear them to say things like uh if i were here how could i add the most value yeah to this company or this organization and like you said

what are people that were that work out here that that are your best ones the ones that win what do they look like and sound like yes and i wonder if i'm one of those that's right and and so not like how you know what's your work hours yeah how many holidays do you take off? How much time do I get off? Yeah. And, you know, it's interesting. I'm going to help you. You're already off. Right.

Yeah. Thank you. We're done with that. This interview's over. Because all you're trying to figure out is what you can take rather than what you can add. And to your point, speaking intelligently about the position, because you've done your homework on the company, about the product, about the service that they're about, and you know the job description so well that instinctively you're going, well, listen, this is what you're looking for, and I bring

these particular talents to the table. I'm a good fit here because of this skill and because of this experience. It's the ability to weave yourself to your point, Dave. How do you add value? Because we know from research that the number one thing hiring managers are looking for in the interview is, will this person help me win? Now, that's that's not selfish it's just duh but that's what they're looking for and you got to be the candidate they go that's who i want to give the ball to because i think they're going to help us win and that's what it's about me and coach i'll leave it all on the field so preparing to the point that you're not going to have your nerves take over that's where people get tripped up they didn't prepare they kind of go in and they're shooting from the hip so then when they when the anxiety hits and the stress hits then they say

something really well the brain can freak out on you yeah when you say something like like just that that becomes legendarily bad oh yeah you end up on a website interviewing this time this time and he said so and so you'll be one of those guys right yeah right so yeah that website worst interviews i've ever been on yeah legendary and the same thing's true if you are the interviewer oh this is so many leaders blow it on the front end they don't do a good job interviewing and no wonder they get duped and somebody will just lie right to them it's an acting job they don't know who they've hired because they don't prepare um we do a whole we do a whole lesson on that at entree Leadership. It's called the intentional interview.

You've got to know what you're looking for so you know what to ask. I mean, it's extraordinary. We don't have time to unpack it, but the amount of lost money through productivity and just replacement costs for small businesses and even large businesses is all about the hiring process. So there's a lot of room for improvement. We at Ramsey Solutions, we're working on that. We're diving in.

Always, always. Open phones at 888-825-5225. Kim is in Minneapolis. Hi, Kim. How can we help? Hi. It's so nice to talk to you all. You too.

Well, I've got a quick one. I sold a classic car, and I have about $23,000, and we don't owe anything except our mortgage. And we have about, I'm 58 years old, $800,000 in our investments. So do I put it toward the investments or the house? What do you owe on the home? About $190, and it's worth about $560. Good for you. Okay.

Well, you've done very, very well. Well, we teach folks to be putting 15% of your income away once you're debt-free, other than the home, and have an emergency fund of three to six months of expenses. I'm assuming you've done all of that. Right. And then we say, beyond that, make sure kids' college is funded. I'm guessing you've probably done all that. And beyond that, the next goal is to pay off the house.

And so I'm leaning into this house as hard as I can. I'm not putting more than 15% of your income away. You've got a nice nest egg. And so you need to get this house knocked out should be your next big goal. I'm curious. I don't usually get a lady calling me now this is sexist i know but i just don't usually get a lady calling me saying she sold her classic car usually that's a guy and he's somewhat sobbing as he's discussing selling his classic car so what's the? Well, the story is that it was my brother's, and my brother passed away. And it's a 73 Datsun 240Z, and I have had it since probably 85.

Wow. And I love it. And you kept it because you love the car or nostalgia with your brother? Mostly. It is a really cute little car. Yeah. But my brother, but in Minneapolis, driving around in a Datsun 240Z nine months of the year is probably not very doable. Yeah.

And I don't want it in the salt. Yeah, yeah. And so pretty much it's steamed all the time. Yeah. And I don't want it in the salt. Yeah, yeah. And so pretty much it's steamed all the time. Yeah, so it kind of used up its usefulness for nostalgia and or enjoyment. Correct. Time to move on and get your $23,000. Look at you. Okay. Well, thanks for letting me ask that because it might be offensive to ask it, but I was just curious because I didn't see that coming. Did you? I did. I did.

There you go. That's cool. Good for you. Well done, Kim. This is The Ramsey Show. Picture your life one year from today with no debt payments. If you're living paycheck to paycheck, worried about money and chipping away at debt, I know how hard it is. Right now, debt is stealing from you. But when it's gone, you free up your money for what matters to you.

You get the security and options you've always wanted, and you get there faster than you think with Financial Peace University. It's our step-by-step plan that teaches you how to save and spend wisely and pay off all your debt. And how do you put this plan into practice? With EveryDollar, our premium budgeting tool. Look, with focus, hard work, and the right plan and tools, you can and will be completely debt-free.

Get access to everything you need only with a Ramsey Plus membership. To start your free trial of Ramsey Plus, text TRIAL to 33-789. Text TRIAL to 33-789. In the lobby of Ramsey Solutions, on the debt-free stage, Jared and Christina are with us. Hey, guys. How are you? Hey, Dave. Hi. Welcome, welcome. Where do you guys live?

Glendale, Arizona. All right. Welcome to Nashville. And all the way over here to do a debt-free scream, how much have you paid off? $168,000 over six years. Six years. Wow. Okay.

And your range of income during that time? About $100,000 to $130,000. Okay. Cool. Good for you. And even more now. All right. Good.

Good. What do you guys do for a living? I'm an engineer. And I'm a registered dietitian. Oh, wonderful. Okay. Good to have you guys. What kind of debt was the $168,000? It was our mortgage.

You paid off your house! Look at it, weird people! Right. Excellent job. Way to go. How old are you two? I'm 35. I'm 32.

And you have a paid-for house. We sure do. In Glendale, Arizona. What's this house worth? About the market now, it's about $450. I guess. I like it. That feels good, doesn't it?

Sure does. Look at you weirdos. You guys are awesome, man. Way to go. So you said 35 and? 32. 35 and 32. Wow.

That is so cool. All right. Tell me the story. What happened in your 20s? Well, so I have to poke fun at him for just a second because when we first got married, our church was offering an FPU class, and I was like, hey, I think we should do this. My brother and sister-in-law have followed your plan,

and they're a preacher and a teacher. And so I was like, if they can make ends meet following the system, we should do this. And he was like, no. I am not cutting out my credit cards. I don't need to do that. That's like hokum. But by the time, before we even finished the class.

Oh, you did do the class? We did. I convinced him. We did it. Oh. And before we even had finished, he actually. You know, Jared, that's the way I would have gone into the class. Like, this guy's some kind of snake oil salesman.

This grifter, what's he doing? I would have had my shields, my cynical butt, and I've got this gift of cynicism. I would have been just like you. Pretty much. But he ended up picking up a second job, actually, getting up at like 3 o'clock in the morning to work for FedEx for a couple hours before he went to his big boy job to pay off his student loans. You went all the way to the dark side. Sure did. How much did you pay off on the student loans? They were just about $19,000. But you just knocked them out fast. Yeah, within a year of that class. Wow. Wow. Okay, this is so

interesting. Okay, so you go to the class. Your brother-in-law and sister-in-law were in there. They're teachers. You're an engineer. I mean, you're good with numbers. Yes, sir. So that adds to the arrogance of this, obviously. It's what I would have done. It's exactly what I would have done.

I don't need this guy. I'm going to pay a guy to tell me how to handle money. That's crazy. That would have been exactly what I would have been saying. All you people out there that make fun of me and say that, I'm just like you. So that's so fun so uh you go really against your will just to please your wife because you love your wife yep and you go in there kind of with your like your arms crossed right yeah that's what now this is me so uh what happened in the class what changed you uh i think you just convinced me that this way was the better way to win with

money and not the way i was going so i liked what you presented and i was like let's do this let's save up money and buy a house let's save up money and retire early let's let's live the goals and dreams we want to live he makes that sound too simple yeah yeah because i mean we went from the arms cross to you just convinced me yeah and i'm gonna get up at three in the morning i'm gonna work two jobs i'm a morning person yeah okay he's a hard working now yeah you got ethic but you there was drive what drove you to go that intense i mean you you know what i mean you really went quick that's a good question i think it's just seeing what debt really was and understanding that i was owing them that money and i had to pay it every month and

just being able to see freedom and feel freedom it's that's what really motivated me you're a rip the band-aid off guy yeah yeah so he once he's in he's all in yeah i think there was blue face paint some william Wallace, Braveheart. Like, you got angry at it. Freedom! You got angry. That's passion. That's awesome.

That's so cool. Very good. Very good. All right. So for our listeners' sake, I am curious because, again, we're poking at this, but the way our minds work is similar. What happened in there for you? What lens were you looking at it through? The spiritual lens, the math lens, the process lens? What was it that when you saw that you went, oh, maybe?

And then, yeah. You know what I'm talking about? Yeah. I'm curious what happened inside your brain. I think it's some of both math and spiritual. Math, yes. I hadn't been presented that information like you had presented it to do that. And I didn't understand how practical it was that we could win with money and make that much progress and be where we are today.

So I was just kind of floating along. And seeing the math that I could do that, i could save up money to pay for my house and pay it off and okay that you know that really clicked with me well thank you thank you for letting me delve into that i apologize because i know you're the hero of the story but it's a process that used you to get there that's so cool well done guys well done all right now you've done it you're not even 40 you have a half a million dollar house almost paid for. No debt in the whole freaking world. And you make 100 to 130 during this time.

What is the secret people want to know to getting out of debt? So I told Jared that if you ask this, I get to answer this question. Okay, good. Because the secret is I made pennies and I married somebody who didn't make pennies. And so that's the secret. Just marry somebody who can help you. But no, the real secret, I think, is we just were, I think, guided, obviously, by your principles. And so that we could always be on the same team.

We just knew like we didn't have to ever question what decisions we were going to make or how we were going to make them we were just on the same page um we just we just knew the plan so and my answer was to marry a frugal wife ah both of you good good marriage points answers across the board made it easier yeah yeah it does help to make more if you if you're trying to get out of the hole the size of your shovel matters you know and so you know going and doing the the fedex thing and then also being diligent at work and seeing your household income come up over this time and getting those raises and so forth that

that makes a big difference yeah i'm just. Now you've got the house paid off. You guys are very, very young. What are you dreaming about now? What has changed now that you've kind of got this final debt out of the way? That changes every day. What I love about it is we have the freedom of options. Yes. So we've been talking about house upgrades or buy a vacation house or saving more for

the kids and everything it's just we have the freedom to and we're still deciding what we want to do oh dream it's a lot more fun now it is yeah it's a lot more real that's cool you guys well done well done what was the hardest part of the journey for y'all so i we're i don't know that's we we're very very very blessed and we really don't feel like there was a super super hard part of the journey for us because again like we were we're naturally frugal people we're naturally logical people so you know if we don't want to have debt then we don't buy things we can't afford and whoa i know can you run for congress yes um yeah so i think there was a lot of things like we obviously were very diligent and um living within our means but also

just very very fortunate well you brought the kiddos with you what are their names and ages let's get them in the shot here we have kinsley who's eight edens who's five and the maniacal meyer who's almost two all right go meyer i love it all right a hundred and we got a copy of the legacy journey for you that's the next chapter in your story you have changed your legacy copy the total money make over for you to give away and hopefully someone will see the logic in that when you do that for them so thank you guys so much We're so proud of you guys. Absolute rock stars. Heroes.

Well done. Look at that great family. Jared, Christina, Kinsley, Eden, and Meyer from Glendale, Arizona. 168,000 paid off in six years, making 100 to 130. Count it down. House and everything. Let's hear a debt-free scream. Three, two, one.

We're debt-free scream. Three, two, one. We're debt-free! Love it! Well done, you guys. Very well done. Man. 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.

He is the author of the number one best-selling book, The Proximity Principle, and a brand new book that's on presale right now, From Paycheck to Purpose, The Clear Path to Doing Work You Love. From Paycheck to Purpose, The Clear Path to Doing Work You Love. You can pick that book up at RamseySolutions.com at a deal. Be sure and check it out during the month of August. We're also giving away free money on the website. No purchase necessary.

So you need to go in and sign up for the giveaway of the free money. And August is almost over. We've noticed that one thing everyone has done with distractions of summer, that they're ready to kick things into high gear. We call it the second new year, September 1st. Everybody's back in gear again. And as August comes to a close, you need to get ready to come into the fall ready to roll. And we're running our $10 special on a whole lot of things right now.

And today's deal is our family favorite, Adventure Pack. Our team is marking down to only $45.99, lowest price of the year. Check it out daily for new deals. And always check out RamseySolutions.com. And always, again, for the Ramsey Cash Give giveaway, you can text CASH to 33789. Text CASH to 33789. Catherine is in Springfield, Missouri. Hi, Catherine.

Welcome to the Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up? And also, I just want to thank you for your show because I find it very encouraging. I'm not one of the smart people or the big money earners, but I am single and dependent only on myself. And it's just been very encouraging to me to hear your show and just keep plugging along well we are honored to have

you and you're among friends because ken and i are not one of the smart people either especially me emphasis on ken hey you know hey i love slightly above average students who go out and become successful and that's me and that's the three of us how How can we help today? Well, I have gotten two credit card companies that have sent me new cards. They're identical to the old card, only they include the tap-to-pay. And I'm tempted to destroy the new ones since they're identical, but I'm just wondering is there a reason i should keep the tap to pay well tap to pay in and of itself is not um bad of course we teach people to only use

debit cards i don't have it i don't have any credit cards i have debit cards and debit cards today um almost all of them have a chip in them. And that's all come about in really the last four years or so in the U.S. It was widespread in Europe before it was here. But most of our debit and credit cards now have a chip. And so when you, for instance, I'm buying gas this morning and I put it into the gas pump, it identifies with the chip that it is a debit card.

It used to have to ask me if it was a debit or credit. Now it identifies it and tells me to put in my PIN. And as a matter of fact, a lot of the credit cards now have you put in a PIN as well on a point of sale transfer because they're trying to do that to avoid fraud and so forth. But the biggest thing you want to remember with all these products is just the easier they make the transaction to occur, the more you buy. Right. And that's the only thing. As long as you know that and you're guard against it, you know, it's like Amazon Prime.

It's a very easy transaction. You can just sit there and push that little button all day and crap will show up on your front porch you know it's just it's just really really easy and you tend to spend more the easier it is to do the transaction the harder more cumbersome the transaction marketers call that friction uh then the the more it slows you down and makes you realize you're actually doing a transaction. You're actually giving someone money. So as long as you're aware of that, I don't care if you use Apple Pay. I don't care if you wave a wand and do a dance.

There's all kinds of different ways to pay for things these days. But all of them just about are trying to make it easier and easier and easier to do the transaction because all the merchants know that consumers spend more that way. Yeah. Yeah. Well, mine usually stay in the drawer, but I have my house on the market right now. So my realtor said, don't leave things in the drawer. So I have to keep them in my purse.

And I'm wondering, is it safe to keep these in my purse? Yeah. Yeah. I mean, you're fine because it's got fraud protection on it. If they got stolen, you just turn it in for fraud. You're not responsible for transactions on a thefted credit card. Now, if somebody took it out and used it and put it back, it might be a little while before you realized it when you got the statement or something.

But that would be true of a debit card or anything else. And, again, we tell you to not use credit cards at all. A debit card will do everything a credit card will do except put you into debt. It has the exact same protections for fraud. It's just as safe. I still see stupid people on the Internet say, oh, I don't carry a debit card. It's not safe. It's just exactly as safe as your credit card.

If you misuse your credit card, you get to pay for it. If someone misuses your credit card for you, call fraud or theft, you don't have to pay for it. Same is true with a debit card. It's all exactly the same, Ken. Yeah, it is. And there's just this myth out there, and I think that's – you think the credit card companies are behind all that, Dave? I suspect maybe they are. Well, urban legends out there.

Sure. They don't – you know. Of course, they say stuff. If you go to Visa or MasterCard's website, you'll see it. It's a zero liability policy on both their sites for both products, debit or credit, either one. And our bank protects us, Dave. If I go to another city in the country, and I finally tell them ahead of time, they'll stop purchases as a protection.

That's a wonderful thing. And they'll do that on credit or debit. Yes, they will. Because they are liable for the fraudulent transactions. Jacob is in Carthage, Texas. Hi, Jacob. How are you? Man, I'm doing great to talk to you, Dave and Ken.

Hey, man. What's up? I am 26 my wife and i are in baby steps four five and six and uh thanks to your plan and um because of that i am chasing my dream of being self-employed cool um but i'm finding really finding it really difficult to balance working my side hustle because my full-time job, being a dad, being a husband, being involved in my church, it's like I'm starving my side hustle and I'm never giving it. I don't know if I'm ever going to give it enough for it to prove itself. What is it? What are you doing? I make handmade bass lures that sell for, you know, over $100 a piece. What's your margin on those? Almost nothing on material.

Yeah. What's it take to produce one time-wise? As of right now, because I'm so small scale, I have like one day that I get to work on them a week and i can i can turn one out in a couple hours okay i haven't really there are ways so if you saw it for 100 bucks your material cost is almost nothing and it took two hours you're making 50 dollars an hour correct yeah and the faster i can do it the more money i can make and i'm and i'm going to work on investing in some better production practices

to help me turn out more. I was going to say, I would be patient on this because you've got a lot going on in your life right now, but this is going to be a math equation. At some point, once you can get this thing up and going, no matter how long it takes, and it replaces your day job income with where you're at in baby steps four, five, and six, that's when you do it. But you're eventually going to have to not only figure out the production issues, but then train people and slowly grow this thing.

So you're going to have to be patient regardless. That's what I'm kind of telling you. But I wouldn't quit on it just because you're in a season right now where you have limited time. But I would be patient. And here's the thing. You need to just sit down with a calendar and choose what you're going to do with your time. And then be satisfied

with your choice. No guilt. Should I be looking for new employment? No, not necessarily. Not necessarily. Here's the thing. Christy Wright says in her new book, it's a beautiful line, she says,

Balance is not doing everything equally. Balance is doing the right thing at the right time. And for this season of your life, for the next 12 months, what is the right thing to do with your time? There's not a right or wrong answer. It's what do you want to do with it? And so if you want to be on fewer church committees and make more bass lures, that's okay. That could be the right thing for you. And you just got to lay that out and decide which one is which.

For now. And it doesn't have to be permanent. But for now, this is The Ramsey Show. Hey, it's Kelly, associate producer for 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 the ramsey show.com thanks for listening