The Ramsey Show - App - How Do I Sell My Book During the Coronavirus? (Hour 3)

Episode Date: April 13, 2020

Ken Coleman, Career Tools to get you started:  Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

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. If you have questions about jobs and career, Ken Coleman, Ramsey Personality, host of the Ken Coleman Show, is with me on today's show here to answer your questions about those.

I'll jump in, of course. And, of course, if you've got questions about life and money in the middle of the Corona crisis, the Corona shutdown, then you jump in and we'll help. The phone number, 888-825-5225. Joshua is in Arizona. Hey, Joshua, how are you? Hi, I'm good. Can you hear me? Barely. How can we help? Yeah, so I have a question about career. I went to a trade school, and they had promised me a job afterwards, which I did accept, but I got let go from the job, and I feel cheated from the school because they didn't I felt like they didn't train me correctly why were you why were you let go um they said I couldn't perform the

job properly and do you agree with them or disagree I disagree because I got with a different company and they trained me correctly. And even my trainer, I'm a truck driver, and even my trainer said that I should somehow, like, fight the school or maybe talk to Congress. No. So you're successfully employed now doing the thing that you went to school to get trained to do, driving a truck, correct? Yes. So you called us. Why? trained to do driving a truck correct yes so you called us why um because i wanted to know like if i had because i felt like i got cheated from the school if that makes sense because

be specific well you you wait a minute you you didn't learn to drive a truck there uh no they just teach you how to pass the test to get your license. They don't teach you, like, on-the-road stuff and things like that. But their promise was to help you pass the test, or their promise was to teach you on-the-road stuff? To teach me on-the-road stuff as well as pass the test. Were you ever on the road? With the company that— No, no, no, with the school.

Not with the school. While you were were training you never drove a truck um in the yard but not like on the road they have a little yacht where they train people i see okay all right well i i think you need to get real specific about what you were promised uh i doubt you're gonna win this but if you wanted to see an specific about what you were promised uh i doubt you're going to win this but if you wanted to see an attorney is what you would do congress can't help you um but you could talk to an attorney and ask them if you have been misled uh you obviously feel misled uh but i i think if i never drove a truck outside of a parking lot where I practiced, I don't think I would consider myself a professional truck driver. I would consider myself a guy who had driven a truck in a parking lot

and had passed the test. So I don't, I mean, even if they promised you that, at the time you left the school, you knew you didn't know how to drive a truck over the road. Right. Right. And that's where I feel sort of cheated by them well you said you lost your job with the company they placed you at correct yes and that company owns the school okay but you were you were let go because you

did you they own the school right and they hired you to drive a truck after they knew they didn't train you to drive a truck? Yes, because the company has a separate training program that you go through, but my trainers, like, slept in the back the whole time while I was driving, and I tried to explain that to them, but they didn't care, and I got let go. Let me tell you, you can do what you want to do how old are you i'm 24 okay i'll tell you what i would tell you to do you can do what you want to do there's two options one is you can talk to an attorney or two is there's a part of this you need to own you didn't drive a truck on the road and you knew that you were driving with instructors who were sleeping in

the back and you knew that so you knew that you didn't know how to drive a truck and yet you went in and took a job with that knowledge and so this is partly on you if you go to get training and they're not training you you're supposed to stop and go hello i'm supposed to be getting trained not wait until afterwards when bad stuff happens and blame it on them. Now, granted, it sounds like they're a bunch of screw ups, but you walked right through screw up land and never said a word, dude. And so you need to own some of this.

If I were you, I would own my part of it and go there a bunch of screw ups and I let them do it. And now I know how to drive a truck and I got a job to heck with it. I'm going on my life. I think you're about to waste a whole bunch of your emotions and your energy um and i think this is a life lesson it's not a legal problem but you do what you want to do your other option is to contact an attorney i don't know ken three words let it go yeah move on uh reagan is in uh idaho hi reagan welcome to the dave ramsey show hey dave and ken it's such a privilege to be talking with you both you too sir my question today thank you so my question

today um my wife and i are in the process of uh starting up a small business i tried to come last hour but they didn't get in so thank you um and i'm driving for fedEx right now. So as of right now, job is stable. My main question is, our plan is we've got about $5,000 left to purchase just equipment stuff. And we have about $15,000 in just capital saved for the business. And then we have personal three to six month savings on the side. Good. How do we optimistically, but in a prepared way move forward with what's going on right now how do we make the decision to go yeah let's keep moving

forward let's start it let's go should we wait a year or two see what happens i wouldn't wait a year i wouldn't wait two years i might wait two weeks um or two months but i wouldn't wait a year depending on what it is. Can you stick your toe in the water without leaving FedEx? Yes, but I would cut back part-time with FedEx, or almost part-time, a little more than part-time, and my boss is flexible with that. Okay. How much would that cut your pay?

About $500 a month. Okay. How much would that cut your pay? About $500 a month. Okay. And how quickly can you start making $500 a month at the new gig? Probably in a month or two. Okay. That sounds very reasonable. Depending on, you know, with people, because a lot of people are on unemployment, and I don't know. that's my concern as well as i'm not sure if people are going to be willing to pay for the service that i'll be rendering yeah what what is the service it's pest control okay well they're paying for it now

okay uh most people uh you know now they may have canceled their pest control for a month until they get reemployed if they got laid off. They may not be starting with a new company, but you've got to brand differentiate yourself from the other pest control people out there in order to get the business from the people that already have it and or get new business. But I think you just start small and start on the side. What do you think, Ken? I think he starts on the side, and let's put that extra two months he thinks is going to

take him to get up to that $500 a month when he goes part-time. That's another $1,000. I'd put that away. Another $1,000. And then that gives us two months for this economy to get going and $1,000 more, and then I'd go full-time in two. Let's start the side hustle, start the side hustle, and then when the boat gets close enough to dock, you can leave FedEx.

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It's going to change a lot of lives. It's exciting. All right, let's go to Cody. Cody is in Tennessee. Hi, Cody. Welcome to The Dave Ramsey Show. Hey, thanks for taking my call. I appreciate it. Sure. What's up? Well, my hours at work have been greatly reduced.

Last week I got about 15, and as a result, obviously, I'm not bringing in as much income. I am getting a second job, but in the meantime, I've received a forbearance authorization from my mortgage company for three months. At the end of that three months, they're saying it would all be due back, or possibly they could push those three months to the end of the mortgage. They won't be doing that. They'll want it back. That's a good idea. They'll want it back, and it's not a good idea because you're setting yourself up for a problem.

I would not do that unless it was to avoid a foreclosure, and you're not there yet. So what is your household income right now with your job cut? With my job cut, it's about $18,000. Okay, so you're bringing in about $1,500 a month gross, okay? Yes. And that's before the new part-time job that you're getting ready to start. You make another $1,500 a month delivering pizzas if you need to on the short term. So are you single? No, I'm married. Okay, and does your wife work outside the home no sir all right all right and so how much is your house payment uh 750 okay so that would leave you 750 to buy food and utilities if you don't get any extra income and how much other bills have you got other than food utilities you got to put gas in the car right

yeah internet phone uh gas insurance all of that combined is about another five six hundred dollars a month okay all right and so if we paid uh all of that and we call it 500 and we pay the house payment that's 1250 that leaves 250 for food which is not enough we call it $500, and we pay the house payment. That's $1,250. That leaves $250 for food, which is not enough. We start with food, by the way. We don't start with the others. And so you're going to run out of money before you pay, before you have to do that, unless you create some extra income.

But you've already gone about the business of creating extra income, and you can be delivering pizzas by nightfall to get through this. When do you think your hours will come back uh it depends on when all of this uh shutdown is over what do you do theory i work at a printery so when we get work a printing company yes so when we get work coming in my hours will go back up okay so let's up. Okay. So let's say it's a month. Okay? Right. And you deliver pizzas four nights a week for a month. Or something else. I don't care. I'm making it up.

But you get something that you can earn $1,000, $1,500 a month, and you just pay lights, water, insurance, car, gasoline, and your house payment and food on your table, and that's all. Have you got other debts? No, I'm totally debt-free, just my mortgage. Okay. So you would be like you could break even doing that. Yeah, I'd be just breaking even is the way i'm looking at it i'm saying if

you brought in extra if you brought in another 1500 you got plenty of room oh right um yeah and i'm i'm just until then um which there's not an until then you start delivering pizzas today well i have several applications in i'm waiting on two phone uh two phone calls from interviews i've already had okay for what uh one is at walmart and the other is at a fast food restaurant okay good good and contact the pizza places too because i'll guarantee you you'll be working tonight with them fair enough and i'm not i'm not saying this is what you want to do long term, but you'd be making tips tonight. No, that makes sense. And just for the short term, I mean, for a week, even if you do it for two weeks, and

you can work Walmart, your old job, and deliver pizzas. I mean, I don't care. But you can do anything for a short period of time. And I got to tell you, man, you're the kind of people I love because you ain't afraid of work and you're not too proud to do whatever it takes on the short term. And long term, you know, what's your long-term career goals after you get back to work? That's another question you got. But, you know, you're the right kind of stuff, man.

I mean, you're not sitting at home. You're already talking to Walmart, already talking to fast food. That's the way you do it, Ken. Yeah, you don't talk to pharmacies. They're hiring. These pharmacies are hiring like crazy. So even if you're behind the cash register doing whatever, and I think if you don't have kids and even have little ones, if a wife gets on board with this, and she should, you're working two jobs, maybe three jobs right now, you're actually getting way ahead.

I think this is the opportunity to get way ahead. And as Dave said, there's a season for everything, and right now is the opportunity to get way ahead. And as Dave said, there's a season for everything. And right now is the time to get after it. And I think you can come out of this thing way ahead and good on you not having any debt but the mortgage. So you're in good shape. Yeah. I don't think you need to take this deferring payment because it's going to catch up with you. It's going to catch up with you. And, you know, you're going to have to pay it later. And unless your income has tripled or something later, you're going to find yourself in a pinch again. And, you know, I would rather deal with it while it's right in front of you, even if you paid it 10 days late.

Because, you know, deal with it right in front of you, then I would take the deferment. And you don't pay it until September. I mean, one's late and the other one's late, you know. So, but I wouldn't, even if you did, let's say worst case, and you shouldn't do it. We've already outlined how you don't have to. Take one month of deferment and then catch it up next month. So you don't wait around until September and look up three months in the hole. That is not a blessing. So I got to tell you, Ken, I just, the interesting thing about having worked on this stuff for 30 years is the word forbearance.

It just sounds soft and sweet. It actually means patience is what it means. That's where I was going. Yeah, that's the actual definition. If I for if i'm if i have forbearance with you i have patience with you to forbear uh okay is to to give forbearance it is um but you never hear it it's not a word you hear out and and on the streets it's not like you walk up and go hey dude forbearance i mean you know it's not a word you ever say right yeah but but it sounds it sounds

a lot softer than it actually is what it means is big hole you getting ready to be in that's it yeah mortgage payment times three it's due yeah all at once plus your payment that month that's yeah oh yeah times four four right so yeah you got up a creek is what forbearance means yeah so we do forbearances around here when someone comes in for crisis counseling and they're already two payments behind, not because of Corona, but because of just in general. And we work out with a mortgage company for them to pay a payment and a half for four months. And that's a forbearance agreement to get caught up on the two they're behind. And the mortgage companies will do that. You can negotiate with them and get them to do that. In normal times, right now,

the three-month is very standard as a part of the CARES Act. This is the Dave Ramsey Show. 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. They never fit right, and they're uncomfortable. Grip6 belts are unique. Owner BJ designed a truly modern minimalist belt made of high quality materials with no holes, no flap, and no bulk. And the buckles come in really cool designs and are interchangeable. I personally own these belts in different styles and talk about affordability. Grip 6 belts come with a lifetime guarantee. And that means if you no longer like or fit the style of your belt,

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Hi, Yasmin. Welcome to the Dave Ramsey Show. Yes, hi. Hi, Dave. How are you? Great. How can we help? Yes, I'm so honored to talk to you.

Here's my situation. I'm an author and brand new in the book business, and I published a book in January that has been really, really well. And for a year, I worked my tail off, and I'm really, really proud of my writing. And I even got to the point where I landed a TV interview with a military reporter, and the following day, my books were sold out at a Barnes & Noble book signing. And because of this wonderful momentum, I had several events booked up after that, but because of the coronavirus, everything just kind of came to a halt. And right now, my book is my extra income because I'm currently working on baby step number two. And so my question to you is, do you have any advice for anyone in the book business

and what I can do to keep my book sales going? Because right now I kind of feel stuck. What's the book about? Yeah. Well, it is the military version of Eat, Pray, Love. I'm sorry, say no. Yes. It kind of gives a behind-the-scenes look at life in the military

from a female perspective because I served in the Navy for eight years. So it's nonfiction? It's nonfiction. It's about my memoir, going up in Haiti and joining the military. It's a really wonderful read, so I'm really proud of it. Who's been the typical reader? My readers are women, military women, single women. I have a great audience so far.

It speaks to the hearts of broken women, rejected women who grew up in broken homes. And at one point I was also homeless. So it speaks about what it's like to go through homelessness and overcoming it. And I eventually graduated college and became a school teacher. So it's a wonderful story. Sounds really inspiring. Very cool. What's the title?

Thank you. It's entitled Shut Up and Look Cute, Diary of a Homeless Soul. Shut Up and Look Cute. That's fun. I love it. Is it on Amazon? Thank you. Yes, sir, it is.

Amazon, Barnes & Noble, and Walmart.com. So we just gave it a good plug just now. Well, thank you very much all right now in addition to that uh what we do what what we would be doing and what we are doing i guess is um we're trying to reach our audience with the airwaves one way or another uh during this time without physically going to the location. So book signings are out. Signed books are not. You could set up on your website to sign a book and mail it to someone

or offer to sign books for someone. So basically what you're looking for is a way to create a voice in the marketplace, and that is beyond other people's shows and create YouTube content and podcast content. I don't know. That's what we do around here. That's how we move these brands around here is we have the Ken Coleman radio show, the Ken Coleman podcast, the Ken Coleman Facebook, the Ken Coleman live YouTube stream, Ken Coleman YouTube channel. And then they can catch him there.

Plus, then Ken Coleman goes on all the various medias and podcasts out there as a guest to promote his thoughts and therefore his book. I don't know, Ken, you've been doing a bunch of it. Yeah, Yasmin, right now there's a great time to be on podcasts. People are looking. You can do a video Zoom interview. You can do a phone interview. And you need to be looking at the podcasts that are out there, very easy to find, that are programming for your target audience.

You just listed out for Dave moments ago who your target audience is. So who is podcasting to those audiences? Websites. You need to be on Instagram, actively engaging on Instagram if you're not. Writing short form content. Getting people who are influencers in the space that you want to be in to the audience that you are writing to. Get them on Instagram Lives. All of a sudden, you take their audience, they see that they're live with you. You need to be offering discounts. You need to be doing

local media, even if it's from your home. What can you do? You're looking for every opportunity possible to get on a platform write some articles submit them uh to to websites again that have your target audience as their consumer you got to keep getting in front of eyeballs and ears and that's the way you sell books whether it's in the coronavirus or anytime quite frankly yeah it really the only thing that changes is you just can't do the physical location you can't show up at the TV station for the interview nowadays, and there's not going to be any in-person book signings nowadays. And that's what you're dealing with.

But other than that, you know, it is similar. The biggest problem you've got is people's headspace is taken up with corona instead of with your subject and if you're to the extent your subject doesn't fit into what's going on uh it's a problem the good news is your subject with employment you know getting a job changing careers fits in my subject helping people with money fits into the fits into the equation so if you've got a a subject that's outside of that it's a little difficult to enter their headspace however people have time on their hands to read books right now that they maybe didn't have before so what she does she talked about her story how she overcame a lot of things there's got to be a page or five

or 10 or 12 pages in that book where she could lift some of the content there and put that out there and that message. So I overcame adversity and you might be facing Corona adversity. That's it. That's it. There you go. So there's content that's transferable. Very good.

I like that. Whit is with us in New York. Hi, Whit. Welcome to the Dave Ramsey Show. Hi, Dave. Hi, Ken. Thank you so much for taking my call. So I have a quick question.

I was recently furloughed from a very large company due to the COVID-19 pandemic. And lately, since being furloughed, I've been hearing a lot of news about this company that's kind of worrying. So, for example, like a top C-level officer is stepping down. They were dropped from the S&P 500 to small cap. Talks about recapitalization. And I'm just wondering, should I just hang in there and, like, in good faith that they will call us back after the furlough? Or should I start looking for another job? How many were furloughed?

Several thousands. It's thousands. I don't want to name the company. That's fine. That's fine. What were you making? It's a very large number. What were you making?

Like probably in the higher 50s. Did you like your job? I did. I like what I do. Okay. Can you make it through this furlough or do you have to get back to some type of work at some point soon? No, I did. I like what I do. Okay. Can you make it through this furlough, or do you have to get back to some type of work at some point soon? No, I can. Thankfully, Dave, I've been listening to you for a very long time, and I have an emergency plan.

Okay. So then the next thing I start asking myself is, and you've got a better gauge on this than Ken and I do, what do you think the probability is that this company survives and calls you back? 50%, 20%, 5%? I want to say maybe 60%. Okay. So what would you tell your little sister to do if she had a 60% chance of getting her job back? Hmm.

I guess I would tell her maybe start looking for something else. I think I would. The other question I have is if you had not heard about this maybe a little bit of a toxic situation going on at the C-suite level or however you describe that, would you even be thinking about not going back if you hadn't heard that? How much does that weight on that question? A lot of it's weight. Because it's a publicly traded company, there's obviously a lot of news out there about what's going on. And that's why I'm asking this question. If I hadn't heard any of that stuff, then definitely I would wait. You think that lowered your percentage chance of going back, though?

You think they're in bigger trouble than you thought before? Right. Yeah. I'd have a plan. I'd go get something great and then always know that when the furlough opportunity comes back, if it does, now you have options. Options are always good. Yeah.

I'm not going to just sit. I'm going to be caught caught doing something even if it's wrong i like that ready aim aim aim aim no i'm gonna look i'm gonna look i'm gonna go get something if i'm you this is the day 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? I'm talking about getting online at a coffee shop, a store, the airport, or even at home. Hackers can use a simple $100 device to mimic Wi-Fi and with just a little bit of skills, they can take over your financial life. This means you may think you're on your bank's site or app or securely making that purchase online,

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and teach us that the less we use our power, the greater it will be. Open phones at 888-825-5225. This is the Dave Ramsey Show. Ken Coleman, Ramsey personality, joins me today on the air answering your questions about jobs and careers. And, of course, we're taking your calls about money as well.

The DaveRamsey.com slash hope page continues for a few more days to have the 14-day free trial for Financial Peace University. I can promise you that will be changing in the coming days. I don't know what we'll change it to or exactly when we're going to change it. Everything's in flux right now around here, of course. And as our team is all working from home, with the exception of a skeleton crew down here to do the shows, lots of skeletons in there I'm looking at right now. Strange-looking skeletons.

I see James Skelton. I see Dave Skelton. I see Zach Skelton. Oh, well, Anyway, not funny. Not funny. It's funny in my head. Well, I was waiting for you. I didn't know where else you were going with it.

You were hoping it was going to turn out funny, but it just didn't. Yeah, I was waiting. So DaveRamsey.com slash hope. We did add some stuff today. We took some stuff off of there. We're adding and taking away stuff all the time, trying to figure out how we can best serve you guys. Here's what we're going to do right now. All of our books, including all of our number ones, including Anthony O'Neill's,

which is the latest number one we had, Debt-Free Degree, all including The Proximity Principle, number one by Ken Coleman, including all of the number ones that I have done, including the Total Money Makeover, $10 each. That's a deal. And at that rate, you can buy Rachel Cruz and Chris Hogan, Anthony O'Neill, Ken Coleman, Dave Ramsey books all day long. Give them away.

The new quick read, 64 pages long, by Anthony O'Neill, Destroy Your Student Loan Debt, was already $10. It's $10. The audio books are $10. The envelope systems, a lot of them, $10. Everything, lots of stuff, 40 different items, mostly best-selling books, $10 each. All kinds of other things at DaveRamsey.com slash hope. And I'd be looking at that and checking out the deals because these are really Corona specials, ways that we're trying to figure out

ways we can serve you guys while you're at home for a few more weeks here or there. And so, or some of you are not at home at all, or some of you are going to be home longer than that. So whatever it is, we want to be here to help you guys through this so that when you do come out of your caves into the nuclear winter, you're going to be able to, you know, the zombie apocalypse is over. We can get out and get back to work and, you know, back to life again. You're going to be better equipped to do that. DaveRamsey.com slash hope. All right, Jimmy is with us in Georgia.

Hi, Jimmy. Welcome to the Dave Ramsey Show. Well, thank you, sir. I appreciate it. I'm glad that you're here to help us. I need some help. I'll give it a shot. What's up?

Okay, I've lost my job recently and i have applied with my with the state of georgia for unemployment compensation that uh that case has not been uh decided yet but uh we should get the answer on that soon but i will i keep hearing stuff about the COVID-19 coronavirus program that is currently trying to help people that are affected by it, and I think I've heard something that there may be some unemployment compensation included in that bill. There is. Another $600 a month, and it will be another $600 a month extra. And it will be administered or a week.

Which is it, Ken? It should be a week. That's a week. I said that wrong. Yeah. And it will be administered through your state. So when you get your state unemployment, it will be tied to that. And, of course, in addition to that, they're sending checks for $1,200 to each adult

and $500 for each minor child that you have. So a married couple will get $2,400 plus $500 per child if you don't make over whatever it was, $175,000 or something, something like that, household income. And so if you make under that household income, you'll be getting that stimulus check as well. All right, let's go to Emily in Iowa. Hi, Emily. Welcome to the Dave Ramsey Show. Hello, Dave Ramsey and Ken.

Hey, what's up? Yeah, I had a question. We live in a house worth $200,000 mortgage. We have a mortgage of $200,000 on it, 15-year mortgage. And we also own 16-acre acreage in the country about 30 miles away by my parents' house. And that's worth about $220,000. It has seven acres of farmland on it that we grow and bale alfalfa. And we make like $5,000 a year from balingland on it that we grow and bale alfalfa and we make like five thousand dollars

a year from baling hay on it and somebody approached us and asked to buy the seven acres of farmland and build a house on it um and i we'd sell it to them for like seventy thousand dollars and i wondered if we should sell it to them or keep bailing hay on it, what would be better? Why do you own it? We lived out there like three years ago. We bought a place in the country. Why do you own it now? Because we wanted to. Because, well, we tried to sell it and couldn't really get it sold.

So we sold a different house that we owned instead, and now we kept the one in the country just because we were okay. So we still have it. But the place in the country, if you sold off all the land, is $200,000? Yeah, $220,000. Okay. If you had $220,000 piled in the middle of your kitchen table would you go buy this land again right now right now today no probably not probably not

yeah it sounds like you ended up with it by default rather than by strategy and so what i would do is sell it all. Yeah, okay. And pay off your house. Well, yeah, okay. Yeah. But you don't want to. But you don't want to.

Why don't you want to? No, not really. Well, because I kind of wanted to keep some of it so we could keep baling hay because we bale hay with my parents, and it's kind of a fun thing for us to do, and it helps my dad out because he has cattle, and then we sell some of the hay to him. Your dad doesn't have a hay field? Yeah, he has lots of hay fields.

Why don't you just go help him on his field? Yeah, we could do that. You're not making a return on investment when you make $5,000 on a $200,000 investment. That's called a 2% rate of return. And you had to go lift the hay bales. So you really lost money. After you paid yourself a dollar an hour, you lost money. Yeah. money when all the after you paid yourself a dollar an hour you lost money yeah so it's out the other side right now too on airbnb there's a house on it yeah it's not a business it's a

leftover no if you want to keep it because it's near your family and you can afford to keep it that's fine but i asked you if you didn't own it and you had $220,000 in cash laying in the middle of your kitchen table, would you go buy it? And you said no. I didn't say that. You said that. And so that's called a sunk cost analysis. If I hadn't done it, would I do it again? And that'll tell you to get rid of a lot of stuff in your life, and that'll even tell

you to get rid of a job. If I hadn't taken this job, would I take take it now then it's time to get out if the answer is no same thing not today not in the middle of this mess unless you got something else lined up but but you know you can analyze you can analyze stuff that takes up your time if i wasn't a member of this club if i didn't go to this church would i join this church if i wasn't already here people sometimes just get stuck in where they are rather than where they're going. And it's always a good exercise to offset that. Yeah, this is a situation where a lot of people get hung up.

What would other people say if we sold this land? They think we're crazy. Stop worrying about what other people would say. Do the cost analysis question. I think that is the right way to think. Yeah. The great revealer. It does. It reveals about your time and your money. Ken Coleman, Ken Coleman Show,

thanks for hanging out. Good to be here. Thanks for having me. That puts us, our The Dave Ramsey Show, in the books. Our thanks to James Childs, our producer, Zach Bennett, our associate producer. I am Dave Ramsey, your host. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. 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. Go to DaveRamsey.com slash hope so you can watch from home.