The Ramsey Show - App - How Do I Stop Living Below the Poverty Line? (Hour 3)

Episode Date: December 27, 2023

Девочка-пай Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Jade Warshaw, Ramsey personality, is my co-host today. Open phones at 888-825-5225. Starting off this hour is Jill in Dallas. Hi, Jill. Welcome to The Ramsey Show. Good afternoon, sir.

I am so grateful that I have been able to get through the lines. Thank you so much for your time. We're honored. How can we help? I have an investment question, please. I value your opinion very much. We have a question about paying off a reverse mortgage for my father-in-law. My husband and I make between $180,000 and $200,000 a year.

We have no debt. We have about $1.2 million in our retirement accounts. We own our house and we also own two other houses. Wow. Very good. So your net worth is north of $4 million? Probably between $2 million and $3 million. One of the houses is is pretty small um it's that's a story in itself but anyway um our father my husband's father um has a reverse mortgage um and we would like to pay it off the um the interest rate seems to be quite ridiculous yeah Yes. And in another six or seven years, the interest will have eaten up the complete value of the home. Um, we would, I just want to know from your perspective, we were considering taking out the money. They there's 160 owed on the house. We were

considering withdrawing it. My husband is, uh, 59 and a half. We were considering withdrawing it and making it like an investment since real estate does appreciate. I realized that it would, his father is 89. And so this could be tied up for 10 plus years, but long-term investments usually are just that long-term. So I just, from your perspective, would really value your opinion in what do you think of this? What pitfalls do you see? Very sad that your father-in-law is 89 and he's got himself in a position where he's ripped off reverse mortgages to be in a pinch. I'm so sorry. The great news is you guys are in great shape and you're able to do this.

So does your husband have siblings? He does. Our thought was at the end that if we took out what we spent on the house plus the same gain that we had made on our 401K, and let that be ours because you can't take the money out and not make something on it. What is the house currently worth? The house worth about 330 okay um and none of the other siblings are in a position to help no sir we bought one of the siblings a house so that he could live in

the county and get county health care that's one of the houses we own so he is very ill and needed to be inside our county line so that the county could cover his health care okay so uh no one's going to object to anything here then i don't think so his dad would like to keep it a secret until after he's gone and let it be a surprise i think that's a bad idea that's bad idea. That's how people spend the rest of their lives pissed off. Nope, we're going to tell everybody in the family what's going on, and here's what we're going to do. Yes, sir. We're going to deed the house to you guys.

Yes, sir. And you all just pay it off, and it's your house. And then you pay for the insurance, and you pay for the taxes, you pay for the maintenance, and Dad gets to live there for life. Yes, sir. Or as long as he can stay in the, and Dad gets to live there for life. Yes, sir. Or as long as he can stay in the house, that is. Anyway, not life. Yes.

If he has to be cared for in some other way, then that would be different. But, yeah, just, you know, we'll get you out, Dad, but go ahead and just deed it to us now. And that's our return. And we're also going to have to invest more because we're going to have the maintenance and we're going to cover the taxes and insurance for you live there for free as long as you're able to live in the house yes sir and that's a fair that's a fair deal financially it's also a very kind thing for you all to do and you're in a position to do it and you'll you'll be okay financially you're not stupid but i'm not doing this and keep it a secret secrets are ugly and

stuff like this okay all right well i don't want to i don't want to cause a problem you will just want it okay well then we won't we won't keep it a secret yeah they need to they it's just fair okay and if anybody wants if anybody has a better plan y'all can do it but if you're if you don't have a better plan you don't have the money we're standing here with the money we can do this but i don't want to i don't want some uh character in the family to be yelling later oh jill took advantage of grandpa yeah you know and it has to be the d the house has to be deeded up front it can't be now we'll give him the money to pay the house off and then he wills us the house like it can't be that no no you get the house in your name now now okay and we were taking the money out of our 401k to pay it off but yeah i mean we've got plenty in there

and we've still got another many years to still you don't you don't have enough in a side investment account that's not 401k to do it do you uh no we've only got about 50 in another account we don't have enough to pay it off yeah you're gonna to pay taxes, so it's going to cost you $200,000 to get this out. Okay. To clear $160,000. And so, yeah, I'm still doing it, though. It's why you work. You're able to take care of Dad.

But I'm not going to have anybody objecting to this, and we're going to control the variables. Because he obviously has – we know that he doesn't always make good decisions because he made the decision to put a reverse mortgage on there and so i can't leave the house in his name hoping he's going to make good decisions no we're going to take care of this so that we can take care of him okay all right i just want to do the right thing that's all i don't want to hurt anyone's feelings. You have such a good heart.

You do. And hopefully everyone will see the good in this, and there won't be a relative that objects. But if there is, at least they'll know it on the front end, and we can just go, this is what we're doing. And unless you've got a better plan to take care of him, he's otherwise going to end up losing his house. So what do you people want to do here? Yeah. These reverse mortgages are from the pit of hell they're horrible absolutely horrible high interest rates high fees and what's weird is of course the reverse is they pay for you those of you don't know how it works they're paying the old man payments until it gets to 65 percent loan to value when it gets to 65 percent loan to value. When it gets to 65% loan to value, they stop the

payments and now they just add interest to the 65 until it eats up the entire value and then they foreclose. That's so sad. Or if he doesn't keep up the taxes and insurance even after they stop the payments, that throws it in default and they foreclose. So regular home mortgages have about a 2% to a 3% foreclosure rate. Reverse mortgages have a 15% foreclosure rate. So I'm not kidding when I say this is a ripoff. Yeah, that's true. And they're sold on television on ads by washed-up actors between the walk-in bathtubs and the sluggy commercial.

I saw Joe Namath, Montel Jordan. Yeah. Yeah. My greatest fear in life is I live long enough to do one of those ads. Oh, no, Dave. You would never. You would never. You're right. You would never. You would never. You're right.

I would never. I'm not that desperate to be in front of a camera. This is The Ramsey Show. Jade Warshaw, Ramsey personality, is my co-host today. Thank you for joining us america the phone number here is 888-825-5225 whole bunch of your brand new we appreciate that we're glad you're here you can help us out if you would whether you're old timer or whether you're brand new we need the help you can do three things to help us move this show out and help america and

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thank you. Katrina is in Chicago. Hi, Katrina. Welcome to the Ramsey Show. Thanks. How are you guys? Better than we deserve. What's up?

So I own a condo in Chicago, and I am looking to buy a second home in Nashville, Tennessee. Why? And what I'm wondering is why? Because my boyfriend got transferred to Nashville, and then I've been doing long distance, and so now we want to live in the same city to figure out if we're going to marriage. So you're going to move from Chicago to Nashville? Well, I'm not planning to. So I'm trying to work it out with my job so that I could be fully remote. But in the meantime, I had to come in. I'm supposed to be around 60%. So I'm still doing that by going to Nashville, but it's a little painful. So you want a second home in Tennessee. Is your current home in Chicago paid for? It is. Wow. Okay. So I don't have any

debt currently. Okay. And I really don't want to get any because you know how this works. Yeah, I do know how it works. Well, my question is, why do you feel that you would have to, just hypothetically, why do you feel that you would have to, just hypothetically, why do you feel that you would have to buy a home so soon? Why don't you just rent an apartment for six months? The rent is so expensive. But even if this wasn't, even if there was no boyfriend or anything like that,

we would never say to just walk in and up and buy a house. You would just want to get a feel of the area, figure out what life is. I have been getting a feel of the area in the last, I've been doing this for a year and a half, like going back and forth. How old are you? I'm 46.

What do you make? I make 183 and then a bonus that's about 100. How long have you been dating a boyfriend? Since, we more pandemic love. Pandemic love. That's the thing that came out of it. That's much better than puppy love. I'm just saying,

but here's the thing. I'm slightly, well, no, I'm robbing the cradle a bit he's much younger i didn't know that but it is what it is doesn't matter so that's another reason why i like i have that's just another reason that's just another reason we think you're awesome right there so okay um okay so the uh but here's the deal you're making a permanent real estate decision in a temporary situation.

That's a bad move. This is a situation where you rent until the permanent shakes out. There's two issues on the permanent. When the relationship goes from boyfriend to husband and when the job allows you to move, now we have permanent. Then we buy. As a matter of fact permanent then we buy as a matter of fact then we buy you and him because you're married until then uh you know you're you're doing this gypsy thing back and forth corporate gypsy thing and remote semi and long distance uh love affair and all this and all of that just screams rent. And not to mention,

if we're really playing this out long-term, okay, you got the paid-for house in Chicago. Let's say you come to Tennessee. You rent for a while. You got, you know, your work thing works out. You get engaged. You decide to get married. You can sell the Chicago house and you can probably end up buying

whatever house you get here in Tennessee in cash as opposed to trying to, do you see what I'm saying? This screams rent for six months. Yeah, long term it's better to do it this way. Okay, but then I hear what you're saying, but then can I ask, my question was going to be when I buy that place, I have cash in three different places.

Pay cash for it. And I'm wondering, okay. But you're going to sell the place in'm wondering okay yeah but you're gonna sell the place in chicago yeah you gotta sell the place in chicago the end of the story if it goes like you think unless i'm missing something is you're married and live in nashville right yeah yeah that's the end of the story so you're gonna sell the place in chicago and you've got cash and you've got him hopefully he's worth something we didn't even ask about that please please tell us it's good Katrina yeah no it's good he's just you know he's he's more puffy in his how young is this guy I don't mean that but like compared to like there's a lot of earning potential between 32 and 46. Okay, okay. All right.

I see you, Katrina. I see you out here. All right. Hey, yeah, just what's happening here is this is an exciting adventure in your life, and don't confuse that with real estate. Real estate's when things are stable and boring and you pay cash. So I would not buy right now because if you buy, you're going to end up selling what you buy and doing something different when this all settles. You're going to end up saying we want to set up our lives and it's not in this house or

not in this condo. And so it just it just bothers you because you're cheap to rent because you feel like you're wasting money. But rent when it's in a proper scenario, and is a proper scenario is called paying for patience and look if you move all the way down to tennessee your boy better put a ring on it that's all i'm saying if you're making this type of transition he needs to come through and i hope that he does for you mama jade with relationship advice there we go right there ding ding i love it good stuff stacey's in Bakersfield, California. Hi, Stacey.

Welcome to the Ramsey Show. Oh, thank you for having me. Sure, what's up? Well, I listened to your podcast on the way home from a trip, and you pulled me in. I'm very newly divorced. I've never operated on a budget at all. I have some debt in this new single life of mine, and I have a little bit of money in a brokerage account.

How much debt and how much in the brokerage account? Only $22,000. I have about $38,000 in debt. Half of it is a medical bill and the other half is credit cards. And I really need some direction and help. What do you make? I make, I gross about $107,000. This year I'm going to get a 5%, but 113 a year. I pay into a pension. I have a pension. No kids, right? Right. All right. You know, if I were you, I would probably do that.

You know, if I had money set aside that was not retirement, I'd probably pull some from it to pay debt, especially if it's single stocks. Yeah, I'm going to cash it all in and clear the debt because we're going to get you on the debt snowball. We're going to put you on a budget. And a budget's not a beans and rice thing. It may be for a little while until you get some of these bills cleaned up. But then after that, it's just you telling your money what to do and giving you confidence in this new stage of life for handling your own money. And I also want you to download EveryDollar. That's the budgeting app that we use here. And it's great. It's going to help anybody who's never budgeted before learn how to do it because it's not just an app where you put the numbers and it's teaching you. And there's teachings that are built into the app that help you throughout

this. So that's what I would do. And I'm excited that you're on this journey. I think that it's exciting that you're finally getting in control of your money. And that starts with you budgeting. It starts with you getting out of debt. And make sure before you do all of this, that you put aside a thousand dollars for emergencies, because you need that first things first. For your starter, beginner emergency fund. So every dollar will do that. And I'll tell you what, let's just go ahead. Since you're starting a new phase of life, put you into Financial Peace University. That's a nine-week class, a nine-lesson class on how to handle money. It'll give you your confidence in this area, and we'll help you do it. We're going to do it all for free.

It's just our gift to you to help you start fresh. Jade Walsh, all Ramsey personality, is my co-host today. I'm Dave Ramsey, your host. Open phones at 888-825-5225. Nicole in Syracuse, New York. Hi, Nicole. How are you? Hi, Dave and Jade.

How are you guys doing? Great. What's up? So my husband and I are on baby step two. We just paid off one of our cars, well, our only car, with a huge $9,000 payment to eliminate that debt. It took a lot of strong-arming my husband to let go of that money to pay it off, but we did. So last year, we sold his car to get out of that debt and save money since he's able to walk to both his jobs. It's worked for us for almost a year.

My husband has a full-time job for $22 an hour and part-time with $17 an hour, and I get $16 an hour for my part-time job. We take home about $4,530 a month. So my husband is looking for a better job that would pay him about $25 to $28 an hour. If he gets this job, we would have to come up with at least $7,000 quick to get a new car or a used car. Where did $7,000 come from? So we've been working with a car broker, auto broker,

and that's like around the number that we have been looking for. But yeah, if he gets that, then, you know, we can get down to one job and I won't be going crazy with the kids at home all day alone. So my question is, is it worth it for him to go for that job that costs a little, I mean, pays him a little bit more? Or should we just continue what we're doing? So let me get this straight. I want to make sure I'm tracking with you. You're saying that if your husband gets this other job, it's going to require you to get another vehicle. And you want to know, is his pay increase worth that cost? Yeah. So he, cause he works a job and a half. And if he gets this other job, he could eliminate the other two jobs.

Okay. Yeah, and then we would actually see each other once in a while. How would you pay for it? How would you pay for that? The new car, that's the thing. We don't know how he would come up with, since we just did that big payment on that car. And I took a lot of convincing to get him to do that. And do you have to pay?

I mean, you don't have to pay $7,000. Having to convince him doesn't enter into this discussion. The only thing that enters into the discussion is what makes sense for your family. He shouldn't need convincing on that. He should just want to do it. You should just want to do it. What's best for your family? I'm very cautious. You don't have $7,000, right? No. Right. You can't buy a $7,000 car then.

How much could you scrape together to make this happen? I think if he got hired after the hiring process, if he got hired within two months, we might be able to get five thousand together so yeah well but you're starting now you're starting to put aside now because you know that this is on the horizon so we wouldn't wait until you know don't wait until the cards are on the table start start putting aside now so that he has it okay let's just be real clear your household income if i understood you, if he takes this job, does not go up.

He just is going to be working less because he's making more at the new job. Your quality of life goes up. So the numbers don't change at your house when he gets the new job. Am I right? Correct. Okay, that's what I thought I understood. So, Jade is exactly right then you can save up starting right now and buy a two thousand dollar car or a four thousand dollar car or a

three thousand dollar car whatever cash you can scrape together there's no magic to seven the only magic to seven is you don't have it so that's so you can't do it right right because you're not going to listen if you continually figure out a way to rationalize borrowing money, you're going to borrow money the rest of your life and just be normal broke people. You've got to stop that. You have to draw a line in the sand. Debt is not an option.

Now, what do we do? We want a better life. He wants this better job. I'm with you on both of those things. Got no issue with that now how do we get started over there or how do we scrape up some money when do you think he's going to hear on this job uh he's got an interview on thursday so is it a one and done interview or is it a six-week interview process it well he's had an interview for this job before and then he

applied he's applying to the same job over and over again. Same company, I mean. So why is he going to get it this time? I don't know. Hey, what kind of job? What is it? What is it that he's interviewing for? Grocery store manager for Aldi.

Is there any other chains that he can be interviewing for the same position? Why has it got to be the same Aldi? Can he at publics can he look at kroger whatever it is by you hyvee whatever the grocery store chains are is he just putting all his chips in one bag or can he you know i'm just trying to get a beat on what's really going on right yeah i guess we were uh just kind of like i think he's putting out a lot of feelers for different jobs, but that's the one that he wanted. Okay, I want to be serious again. I'm not trying to be sarcastic or mean. He's applied for this job multiple times and has not gotten it.

Why is it now you're more sure? What evidence do you have? I don't. Okay, so let's stop then. You're tired of him working all the time and so you're trying to wish this into existence and somehow figure out a way to buy a car that you don't need to be buying until this all goes down right you're just tired you've been fighting this baby step two stuff and your tank is starting to get empty. Am I wrong?

Correct. Okay. I hope your wish comes true. I hope he gets this, and you all get a better quality of life making the same amount of dollars. How much debt do you all have left? We have a home equity loan for about $10,000, and then he has his student loans, which are on pause, for $39,000, and then our house, we have $61,000. Yeah, well, the third, so baby step two is the home equity loan and the student loan.

So you've got $49,000 left, and your household income total in a year is what? Around, before taxes, about $65,000 to $60,000. Yeah, okay. I have a question for you and i don't want to dig the hole deeper are you guys working towards your long-term play for careers um i'm kind of just like working part-time jobs like i don't yeah because it kind of sounds like go ahead long-time play okay his. His jobs are like grocery store managers. He doesn't really have a long-time play either. I want you guys, okay, in the break, let's pick up and let's get you guys paycheck to purpose.

Let's do the career assessment, all that stuff, because I feel like... The Ken Coleman materials, you guys need to get the career thing. Yeah, because that's what's going to give you... You're grabbing at little things, and you've got this one this one thing this one aldi store this one managership what jade was telling you earlier we want to um we want to help we want you to earn more for your sake and that's going to make this whole thing get better and go faster i hope he gets this one but if he doesn't we need a better plan and uh because you've still got at your current income you've still got two years to go at baby step two when your debt snowball it's gonna you you're tired and you're already tired

so i do think y'all need to get a car i think the one car is adding to the family stress yeah even not counting this job stuff is that right correct yeah yeah, yeah, we need to do that. And I want him not to have to be coerced into these things. I want him to be leading into these things with you, the two of you holding hands and walking towards the light. Right. And doing this together, that's going to make that's going to lower the stress for both of you as well, because he's not giving up his life. He's living his life. It's through and with his family. That's what he chose. And that's what he's not giving up his life he's living his life it's through and with his family that's what he chose and that's what he's doing and because he's a good man but it's not like your mommy and telling a little boy he can't have candy that's right that's not what's going on

so this is a man who's leaning in good for him and he's he's working with his wife and we're fighting for a better future together as two grown-ups and that's how it should be and so you got a good guy there he's a good guy yeah you probably you guys probably do need to budget in a car into your debt snowball and let's start working on the career stuff too so um but hang on we'll have have Austin pick up. We'll get you a Paycheck to Purpose book for him and for you by Ken Coleman and the Get Clear Assessment to help you figure out what kind of careers to aim at, where there's serious money that can be taken off the table. I'd love to see you all double your income in the next five years. Yes, yep.

This is The Ramsey Show. Our Scripture of the Day, Proverbs 14, 23. There is profit in hard work, but mere talk leads to poverty. Stephen King says, Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work. Jade Warshaw, Ramsey Personality, is my co-host today.

Open phones at 888-825-5225. Stephen is up next in Cookville, Tennessee. Hi, Stephen. Welcome to the Ramsey Show. Hi, thanks for having me on. Sure. How can we help? Well, essentially, all my life I've really been earning below the poverty line, living in a low-income area.

It kind of goes with the lifestyle, I guess. But with recent years of people not wanting to work and, uh, you know, and that tailored with, you know, a lot of, a lot of, uh, houses and, and, and mortgages going up and everything. I, I don't, I simultaneously see a, a opportunity to make a lot more money, which I don't really know how to do, as well as having the dread of not being able to afford a home within the next 10 years. So it's kind of like a duality sort of thing. And I'm wondering, what would your advice be for trying to jump on the opportunity to earn as much income as possible for somebody in my situation? What do you want to do?

Well, I've always been enamored with film and the art of it. I did go to film school about 10 years ago. I didn't get to finish it because I didn't make enough money. I'm currently in an acting class right now, but I've always wanted to know, I've always wanted to be able to have something to fall back on. Yeah, the thing with the arts is you've got to make money until you make money, basically, is the way that works.

Right. You know, whenever I hear people talk like this, or it's like, I've been below the poverty line, I'm kind of caught up into this. I think you've got to drill down. And instead of looking at all those outward reasons, why? Just look at your specific situation. Why are you not getting up and finding work that's paying more? What is it that's keeping you from that? Is it that you don't know what you want to do? Is it that you don't know what the actual next step is? You need to start asking yourself those questions because that's what's going to give you the next step forward. So you said you went to school for acting, you tried the acting thing.

I mean, I would want to drill down more on that and find out what happened but in the meantime what kept you from doing other work well i uh i'm currently in an acting class it's thankfully it's pretty cheap i can i can at least afford that um and i i get get that done in august and uh but it's from what i can tell it's uh because i i've i do i've done a lot of job hunting, and it seems to be an educational boundary that I've not been able to crack. What do you do now? Currently I'm in security for an entertainment venue. I've got about three years' worth of experience in security. And what are you earning? After taxes, a little over $30,000 a's full-time yes ma'am okay that's not

the poverty level you know that well yeah it's lower it's lower income but it's not the poverty level oh okay i mean poverty level for a single guy in cookville would be 15 000 well i i commute to nashville too. Do you have any debt? Why do you commute to Nashville for a $30,000 job? It's just I've not been able to find much and been cookful. So move. In terms of debt, yeah. That's a two-hour drive each way yeah where i where i live it's i'm kind of i kind of uh have

the ability to afford okay let's stop let's start my friend henry cloud says that what we need to do is lay in front of ourselves when we're setting goals when we want to move when we want to level up we we say okay here's what I want to be doing. And that's our desired future. And then once we have the desired future figured out, then we have to say, okay, what must be true about me, about my life, about my education, about my location that is not true now in order for me to have my desired future. Now, you ask us about a desired future that makes more money than you make today. We've had an exploratory conversation around that.

All right. And so, number one, there's not going to be acting jobs in Cookville, Tennessee. Done. You have to move if you're going to do that you got to at least get to nashville you got to at least be in a metropolitan area minimum nashville but obviously new york or la even atlanta yeah and and nashville's got a lot of film work going on a lot of stuff happening but it's not exactly nirvana for actors right right either so uh it might be for music people sort of but the uh anyway so you got a location issue if you're going to be there that must be true you can't

live in cookful and do your dream that's one of the and so you just you have to start saying okay what are my barriers what are my blockers and i'm going to knock those down and i think the next thing you've got to do too is what j was indicating, is you need to find something making $50,000 to $60,000 a year, working 40 to 80 hours a week to start piling up some money so that you can afford to work on entering into the entertainment business. Which you can do. Because you have to have the side hustle, the side gig, and it may last a decade until you break into those businesses.

That's right right whether it's music business acting business or whatever the joke in nashville is how do you get the next country music stars attention uh waiter and i know it's possible like i think sometimes people in the arts they kind of have that well it's be i'm broke because i'm in the arts no man like you're broke because you ain't working yeah man sam and i went to dinner the other night and the valet was parking the car and i went to tip him and i said you know do you have the qr code so i can tip you he said yeah he gives me his card with the qr code on it he's a guitar player yeah and he's a musician but he's working as a valet at night and i'm guessing he probably has a day job in a high-end restaurant he's making bank he was at a high-end restaurant

so don't talk yourself out of the fact that you can't make money until you become a successful actor that's a lie two blockers i see immediately is location for your long-term dream and willingness to do a whole bunch of side hustle big time fast yeah you know why you took the security job at the venue because you wanted to be around entertainment not because it was a good job. Yeah. You just want to be around it because you love it. You love the stage. You love watching those people on the stage dream, and you're going to be that guy someday.

And you might be. I hope you are. But the security gig is not, I mean, obviously, it's not making a lot of money. And commuting from Cookville to do it is just plain mathematically ridiculous. Just does not work. And commuting from Cookville to do it is just plain mathematically ridiculous. Yeah. Just does not work. So, you know, you're working all the time and there's plenty of work. And it's not education-based at all. There's plenty of work.

Yeah. From retail to restaurants to Uber to cutting grass to construction. Man, there's construction jobs on Nashville. There's more cranes in Nashville and the skyline right now than there are buildings so it's just you know there is all kinds of work you can do at 20 to 40 bucks an hour in a town like nashville if you can't find that in cookville now cookville is not a small town anymore right everybody in cookville is not at the poverty line i can promise you that that's true and i know several multi-millionaires there personally you know i've said it before and i'll say it again when it comes to this stuff you've gotta

until you write it down on paper step by step what your what your steps in this process are going to be it's floating around in your head and it's causing chaos and it's causing you to either paralyze you and not do anything at all or it's just causing you to go in a million directions you gotta get this on paper and write down all right step my desired future and i'm steven is to be in the acting world in the film world i've got two things i have i immediately see already in a five-minute conversation yeah we move and we work side hustles more to eat really really well while we're pursuing this dream. Then there's probably more blockers that have to do with actually entering into that industry.

You need to get an agent. I don't know. There you go. I don't know anything about that stuff. You need to get an agent because your agent is going to give you feedback onto what you need to do next to actually be able to land work. So make sure you're sending your things out to people who will give you accurate feedback. We're going to send you Proximity Principle by Ken Coleman and From Paycheck to Purpose by Ken Coleman, which both deal with these issues.

You're a good man. I'm honored to talk to you. Thank you for calling. That puts this hour of the Ramsey Show in the books. 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. Hey, what's up, guys? It's Jade. Look, if you like what you heard in this episode and want to know more about getting started on the Ramsey Baby Steps, go to ramsesolutions.com

and click the Get Started button. We'll help you figure out the best next step for you based on your specific situation. That's ramsesolutions.com and click Get Started.