The Ramsey Show - App - How Do I Tell My Employer I Want More To Do? (Hour 3)

Episode Date: April 23, 2021

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Live from the headquarters of Ramsey Solutions, this is The Ramsey Show. The Ramsey Show. It's The Ramsey Show. I almost said The Dave Ramsey Show for the first time. It is The Ramsey Show. It's just The Ramsey Show. Thank you, John. We are broadcasting from the Dollar Car Riddle studio, and this is, in fact, the Ramsey Show.

It's where America hangs out to have a conversation about your life and your money. I'm Ken Coleman, who almost said it wrong and then just owned it right on the air. And everybody's like, why did you do this? Because I had to stop the brain. It just happens when you go, that's not the way you're supposed to do it. And then you do it. John Delotey is with me. He bailed me out on that for reminding me

what we actually call the show and uh what's most important is is that we can actually answer your questions even just even with the uh the the brain blips that happen from time to time which is live broadcasting it you know it's just kind of like what what what what what you got to say it the right way you know if i've got a work or relationship or money question, my confidence is brimming right now. It's so true. These two guys, they're going to be able to help me out. Here's the lesson. Here's the lesson.

When you have that happen to you, you go on. You move on. You have to step right into it. Stop, call it out, move on. Yeah. It's not the end of the world. Just write that book. You know, the show business, you keep going.

You watch these American Idol shows, and a kid forgets the lyrics. And in the moment, it's like death to them. And it's like that happens to everybody. And you just keep rolling, regardless of it. But you've got to acknowledge it, and then move on. Yeah, absolutely. 888-825-5225. So we're going to take your questions on money.

We'll take it on work. We will take it on relationships. And between the two of us, we're going to take your questions on money. We'll take it on work. We will take it on relationships. And between the two of us, we're going to get an entire complete sentence out that will answer most, if not all, of your questions. Yeah, all the time. Yeah, just every once in a while you're going to have that blip. Hey, David joins us now in Traverse City, Michigan. David, how can we help? Yes, I'm here.

David, you're on the line. How can we help? My question is, my wife and I, we sold our house, and we have to build another one. And just wondering if we should see a banker and get a loan. We're going to try to do it debt-free, and we may be $40,000 to $50,000 short. So you just said two conflicting things. So you sold your house. You have a pile of cash here.

Y'all just renting right now? Yes. Okay. And so you're going to build a dream home or a fancy home. Traverse City is a beautiful, beautiful place. You got a lot you're going to build on? Yes. I already have that.

That's already paid for. And we are completely debt free. All right. No car payments, no credit cards. My business is completely debt-free also. Excellent. So you want to build this debt-free, you're going to build this debt-free, but you're going to be $50,000 short and you may need to get a mortgage.

Help me with that. Possibly we'll be short depending on how long it takes us to build it. Walk me through that math. Well, for the first five years I built my company up not taking anything. And now I can start reaping the rewards from that. And the way lumber prices are and materials, we don't know what that's going to end up being in six or seven months when we're almost done with the house. So you think you're going to have a $50,000 overage just in material costs alone? Possibly, yes. Okay.

But you're a guy that's clearly analyzed this. I mean, what are the chances of that happening? Do you feel like that's a greater than 50% chance? How are you running those numbers in that analysis to be able to go, this could happen? What are the variables? Well, it depends on if it takes us six months or nine months. If it takes us nine months, I could see us not owing anything on it. But if it takes us six months and my wife is pressuring me to go talk to a banker,

and I don't want to do it because I want to be completely debt-free the way Dave Ramsey wants you to do it. Well, can you to do it. Well, can you control doing it in nine months? Yes. Well, I feel like that's what we need to be doing, right? Well, yeah, I agree. But I'm just saying, is it wise for me, should I think about getting a loan or should I just say forget it and just do it? Here's the thing.

How much did you sell your other house for? We sold it for $324,000. So you have $324,000 in cash sitting in your checking account for all intents and purposes? We have like $240,000 right now. So you got $240,000. And so you're going to build a $250,000 to $300,000 house, right? No, like a $375,000 house because I've never taken anything out of my company. And now I'm starting to take what I should take out of the company. Okay. So let me just make this pretty simple. If you're going to put down 90% 90 down on a house i got no problem with you

taking out a loan for that last little bit if you have worked like you have to build up a business and saved your money paid off your house now you've sold your house man what's three more months right that's what i'm thinking yeah that's why three more months it sounds like this is a much more of a marriage issue than it is a math problem. Well, it's not really a marriage issue. She just wants me to make sure that if we are short, that we can get, if we need to, the extra $40,000 or $50,000. And what should we do?

Should we get a HELOC loan or just get a personal loan or finance the house, if we have to? Yeah, it's a marriage issue in that what John is saying is your wife wants you to do something that you don't want to do, and I think you told me you don't think you have to do it. So don't do it. If you're calling us to say we agree with your wife, we don't. No, I'm not doing that. I'm just looking for sound advice. Yeah, I wouldn't. I mean, you can, as John said, but you don't have to.

Here's the big picture here, David, is either way you're going to be okay. Yeah. Either way you're going to be fine. You're just going to go get a mortgage loan that's going to be for that gap, right? You're going to say, hey, we're going to put 90% down on this house or 95% down on this house. We're going to go get the loan that's going to cover that gap. My concern with going to get a $50,000 pot as a quote-unquote just in case is that's how extra bathrooms get added on. That's how extra shops get added on in the back. And suddenly you end up buying bigger,

better. Well, let's go out. We got 50,000 here. Let's go ahead. And the mortgage payment's only going to be X and Y. You end up going way over than what you wanted to do. So I'd rather see you guys scale this budget down, get somebody to lock it in there and go buy it, or just be okay saying, we're going to put $375,000 down on this house, $325,000. We're going to finance the last 50 grand of it. I don't think that's the smart way, but you're not going to hurt anybody because you're going to pay it off really quick, then you're going to be done with it. It sounds like you're overthinking it by 100 degrees, and I get the overthinking because of the psychology of what you have gone through, the pain you've gone through to get debt-free.

And it's like, why did we do all that work just to turn right back around and then take out a loan? That's right. Like $50,000, right? So that's why Ken and I are both telling you, man, if you're talking three months, dude, don't do it. If you're talking three months, don't do it. If you sold your house, you put your house on the market, and you were hoping it was going to sit for a year, and it sold overnight, and now your wife is saying,

hey, I don't want to be renting for a year, you're not going to hurt anybody. You're not going to ruin anything by taking out three months worth of a note. Yeah, I just follow your heart on this. I mean, I think it's very obvious to anybody listening that you don't want to do that and appreciate the call, but I'd wait the extra months, but, you know. That's what the call, but I'd wait the extra months. That's what I'd do.

I'd wait the extra three months. We'd have five hours. You're going to feel much better about it, and I think that's what this whole call is about is the feelings around I've got these options here. What do I do? Really appreciate the call, and congratulations on the sacrifice and saving to put yourself in that situation.

You are in great shape. All right, don't move. More of your calls coming around the corner. This is the Ramsey Show. One of the questions I get all the time is, which life insurance company should I use for my term life policy? A valid question since there are hundreds of companies out there with rates all over the place and riders and add-ons

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and convenient. Call them at 800-356-4282 or visit zander.com for instant online quotes. Welcome back to the Ramsey Show. I'm Ken Coleman, joined by my colleague, Dr. John Deloney. We're taking your calls, 888-825-5225, 888-825-5225. Blinds.com's 100% satisfaction guarantee means, even if you mismeasure or pick the wrong color, they'll remake your blinds for free. You get free samples, free shipping, and with the new promos they run every month, you'll save even more. Use the promo code RAMSEY to get the best deal. Remember, rules and restrictions apply.

Today's question, John, comes from Annie in Indiana. My husband's dream job is to be a fireman. Growing up, his parents repeatedly told him he won't make it and not to try. He recently passed two national tests, but still has the doubts and fears that he won't make it. He doesn't want to hear his parents say, I told you so. What can I do to boost his confidence so he can pass his next two tests? Way to go, Mom and Dad. Congratulations.

I get to tell you how many times I've heard this on the Ken Coleman Show. Somebody's like, I didn't pursue it because Mom and Dad told me it was a bad idea. Way to go, Mom and Dad. So what can you do? Tell him to do it. But, John, you're going to go deeper here. Break that down. I don't even.

Parents, you do not protect or help your kids by making them afraid of themselves or the world. It doesn't help to look at your child and say, you can try. You're probably going to fail. What does that accomplish? That's a parent hedging their own bets against their kid's future potential pain. I'll just say it this way. You are projecting your own fear onto your kid. Your own insecurity. Yes, that if they don't turn out the way that you want them to turn out, that everybody's going to say, oh, Margaret and John were bad

parents. Or they legitimately don't want their kid to fail because failure hurts. Yes, there's that too. And they think that protecting their kid from all hurts will give them a perfect child. Nope. You'll give them a non-resilient, weak, scared, broken kid. That's right. Struggle makes your kid strong. Failure makes your kid strong.

That's where you rise out of the ash like a phoenix. Way to go, Mom and Dad. Way to go. So, Annie, dude, just like Ken said, he is doing it. The fire department wouldn't have picked him up if he didn't pass his physicals. The fire department wouldn't have picked him up if he couldn't pass his test, which he has. And here's the thing. His parents don't get a vote.

Yep. Right? Yep.. And here's the thing. His parents don't get a vote. Yep. Right? Yep. I'll add one more thing. If he doesn't pursue this, I'd tell him, you're going to resent your parents until they die. He'll resent his parents. He'll resent himself. He is in it.

He's on it. Yep. Go get it. Yep. You got to do it. Don't look back. Love that. Moms and dads, when your kid comes to you with a crazy idea, you can sit down and say, hey,

talk to me about that. Let's go talk to someone at my work that does that job. I want to hear more about this. Let's read a book together and talk about it. Really? You want to try that? You want to be a fireman? You can't even jog.

Let's run a 5K together. Do something that's going to bring your relationship together. I'm getting fired up. I'm sorry. This isn't Andy's fault. I can't stand parents who squash their kids out of their own fears. Now, my kid comes and says, I'm going to drop out of high school and become a dance star. That's not a good idea.

As your parent, you need to finish high school, right? And especially if I've seen you dancing, it's not happening. But there's a difference between saying, hey, I'll take dance with you. And saying, you're going to fail. You're never going to make it. You know what I'm saying? Yeah, of course. There's a way to coach your kids through bad ideas other than just smashing them.

But I can tell you this. Being a fireman's not a bad idea. So let's relax a little bit. You're going to fail. You're going to fail. Yeah. Hey, to Andy's husband, if your parents do say I told you so, just let it roll off. It doesn't matter.

And doing this just so you can show them, that's going to exhaust you too. Don't do it. Do it because you love being a fireman. You want to help people. Good for you. Yeah, absolutely. Good advice there. 888-825-5225.

Let's go to Evansville, Indiana, and that's where Wade joins us. Wade, how can we help? Yes, sir. I got a question for you. Okay. I'm a CNC machinist, primarily mill operations here in my local city. Long story short, I lost a pretty high-paying job due to COVID last March, but I was lucky enough to land another job in a CNC shop.

And I lack in experience in lathe operations, and during the interview they told me that lathe operations or me getting experience in lathe operations was a very, very good possibility. But here I am almost a year later, and I've asked, and they've not even acknowledged. And I was just wondering how to approach the bosses about getting that experience. Sure. When was the last time you asked and there was no acknowledgement? I'd love to know what the timeline looks like. I asked about probably two months ago.

And did you ask it in casual conversation? Was it in an actual meeting? Or did you ask in the form of maybe an email and say, hey, I'd like to meet about it, and nothing has been reciprocated? I talked to my supervisor about it, and he said, I'll get you on one when I can. And I'm pretty good at mail operations. I've been doing it for eight years. Okay. Well, I think you should follow up because the face-to-face conversation was, I'm going to get you on when I can.

And I think you follow up and go, hey, last time we met, you said you'd get me on when you can, and I'm really grateful for that. I'm really excited about it. Just checking back in. Just checking in to see if there's anything that I can do to help the timeline, and I'm assuming it's not, and then what are you looking at? Maybe ask for a little bit more detail as to what determines when he can. Hey, so let me ask you this, Wade. Let's say he comes to you and says, hey, we thought it was going to happen.

It's not going to. We need you where you are. That's where we see for the next two to three to five years is where we're going to need you. Does that change your desire to keep working there? Oh, absolutely. I've actually had an interview, and I had to tell them that I didn't have laid experience,

and I'm pretty sure I'm not going to get the job, and it's a higher-paying job. Okay. So it may be something that you ask, hey, can I go practice the lathe on a Saturday? Can I come up here on a Sunday and use it? I just want to get some skills, and I'm willing to come stay after hours to learn how to do this. But how can you work around to get that experience and it may be that your boss knows that once you get that experience you're going to be out the door right so there's a hundred different reasons yep that's right but i'm i'm glad i was going to

ask you what your or what statement was and you answered it for me you're already putting your application out there you're already trying to find other places that's right and and listen this is the indicator yeah because you've been told yes once, I'm going to try. If they keep kicking the can down the road, it never feels good. Yeah. But the good news of that is it's the sign. Yeah. And it's time to go. Don't let that can kick in.

Don't invent stories and plant them into your boss's head. Don't invent stories and plant them. Just be a person of gratitude. Be gracious. And then go find another job. Right? I mean, that's what you can do. You can get angry and bitter and they won't let – cool.

They spoke and they said what it's going to be and I'm going to go make another decision for me and my family. Yeah. Right? And there is something about that, though, the psychology. You got to own it. It's okay to go, man, this feels like rejection. That's right. And it feels personal.

Sometimes it is because we know a lot about healthy leadership versus unhealthy leadership. But other times, it's not personal. Right. It really isn't. It's called fundamental attribution error. When I get into somebody else's head and determine why they did what they did. Ooh. Right?

We do that with voters all the time, politicians. Oh, my gosh, yeah. Oh, he didn't put me on the lathe because he knows I'm better than him. Right. And he's just trying to keep me down. I see it. And then when you think that, you start seeing it every year.

All the evidence appears. Yeah. He doesn't open the door for you. And you're like, exactly. And that guy didn't open the door for you because he's got to go to the bathroom. He's not thinking about you, right? Right.

And so I want, we do it with our spouses. We do it with our friends. Get out of other people's heads, right? Just look at the data before you. He said, hey, we're going to try. It's been six months. It's not happening.

Yeah. Assume he tried and it's not going to work. i'm going to go take my my my skill set elsewhere and here's why what you said john is powerful because we make it about us a hundred percent but it doesn't matter whether it's about us or not no it's still we need to move on because i'm looking at the data before me that's right yeah and if you go let them know hey i'm moving on because i want to do lathe work and i've got the experience so I appreciate you guys help then you can leave your heart you're going to sleep at night

your heart rate is going to be lower your life is going to be healthier just go on about your day that's it right yeah just know this is your sign there's some country comedian or somebody that's got a whole bit on that here's your sign Bill Ingvall that's kind of the deal there's your sign we don't Here's your sign. Bill Ingvall. Bill, yeah. Great comedian. That's kind of the deal.

There's your sign. That's right. We don't like those signs, man. No, we don't. We get so fired up about the signs. Yeah, but we just got to make sure that, look, it's not personal. Even if it is personal, it doesn't matter because you're moving on anyway. I'm moving on anyway.

Yeah, it's tough. You're right. I get to decide. That guy cuts me off on the highway. I get to decide. Is he on the way to the ER? That's good. Or is he just doing it to be me?

Right? All right. Please decide to stay with us. More coming up here on The Ramsey Show continues. Thrilled to have you with us. I'm Ken Coleman, joined by my colleague, Dr. John Deloney, and we are taking your phone calls, 888-825-5225. And Ken, I got some big news. Our famous $10 sale is here. Oh boy. Now you can learn how to make faster and real progress with your money,

with your job, your mental health, when you check out our famous $10 sale. Save up to 60% on over 40 best-selling books and budgeting tools like the Total Money Makeover, Redefining Anxiety, Proximity Principle, all of them. Plus, they make for great gifts for graduates, for people changing jobs, moving, anything you can think of, they make great gifts. Shop our $10 sale at the online store at ramsaysolutions.com.

And that's not all. We got a gift for you too. You can also enter to win our Ramsey Cash Giveaway. We're giving away $500 cash every week and a grand prize of $5,000 cash. Enter daily for extra chances to win. No purchase necessary. You got to be 18 to do this. Text CASH to 33789 to enter our giveaway. That's CASH to 33789. All right. Good stuff there. The phone number to jump in, 888-825-5225. We'd love to hear from you. Let's go to Ann Arbor, Michigan, where Kelly is on the line. Kelly, how can we help? Hi. I'm calling today because I've been past Baby Steps 3, but I

feel like I keep on spending Baby Steps 3 on emergencies. Like, for example, our windows wouldn't shut in the winter in Michigan, and so we had to buy new windows, and then we built up Baby Steps 3, and then our fridge died. And now we're back up, and we're investing, and we're putting money towards our kids' college, but we need to get a new car because our car is dying and we also are going to be having more kids soon and we need more space and so I don't know if I'm supposed to be using like all of baby step three to help purchase that vehicle or if it's okay to take a small loan or or do I even stop like investing in college and investing in our investments in order to purchase a car? Okay, well, let's address the one thing we're not going to do, and that's get a loan.

We don't want you to get a loan for the car because you've got some wherewithal here. You know what to do and how to do it. How much are you in a deficit with your emergency fund right now? Right now we have our emergency fund. So it is back to full. Yeah, but then, like I said, we have this purchase we have to make again. Right. How much?

How much do you want to purchase the car for? We were hoping to get a minivan that was newer, and most of those are more than like $9,000, and that's about how much we have in our emergency fund is $9,000. And so we're just trying to figure out should we use all of the emergency fund because we're planning on having a baby in about 10 months. Well, the emergency fund is for an emergency what's your current car that you're saying you're kind of predicting its death but we don't really know if that's true is that correct tell us how bad this current car is that you're trying to replace

so right now i need some work done the ac doesn't work um the struts are gone um they said there was going to be at least like a grand like like 800 a grand to get it working again. Like not working again, but running safely. And our car is worth about two grand. So it's kind of like getting, like put another grand into it or sell it for two grand. You know, we don't really know what to do. Like should we keep going with this car? It only seats like really five people comfortably, but with like a baby carrier, that's not that comfortable.

So we drove around my kid, my wife drove, our son, and I drove too in a Corolla for several years. And I'm a big guy. We made it work. And I know that's not what any new mom wants to hear. I know that's not what you want to have this big fancy. I get that. But that $1,000 against a $2,000 car, it feels like a quote unquote bad investment. We're throwing bad money away. But when that, instead of that $1,000 expense, if you turn around and loop that into a $17,000 car loan, you've had a net negative, right? And I know it's frustrating. Here's what I'm going to do if I'm your husband. I'm going to work berserker for 10 months. I'm going to put all that nervous

new dad energy into extra jobs, running around like bananas. I'm going to drive for Uber. I'm going to deliver pizzas. I'm going to do whatever I got to do. And I'm going to make it a 10-month goal that I can add that money

into whatever money y'all have saved for a new car so that I can get a van. And if you don't, if you end up having to buy a $5,000 or $10,000 car, it's not going to be the end of the world. Yeah. It's just not. I agree. That's the other option, Kelly, is it doesn't have to be a $9,000 minivan. But for me, I'd spend $1,000 on fixing the current car.

You guys have replenished your emergency fund multiple times. So you've got a success track record here. You can save money in your house. And here's what I want to acknowledge. It's so frustrating. Oh, yeah. Oh, it's a beating. Yeah.

But you guys can save up to $9,000. What can you do? What can you sell, you know, to come up with the $9,000 after you fix the current car for $1,000, right? And you replace that money in the emergency fund. And you come up with the $9,000 after you fix the current car for $1,000, right? And you replace that money in the emergency fund, and you come up with the $9,000, and you get the thing, and the baby's happy, and the baby never even knew. But here's one thing you've proven yourself. And I hate to twist your words on you, but are you ready? Here's what you've proven to yourself.

Things are going to happen. You're going to need that emergency fund. And so by buying windows and then getting the emergency fund back up, fixing the next and then getting the emergency fund back up, fixing the next thing, getting the emergency fund back up, it's annoying and frustrating, but the emergency fund is working. And to then take it to buy a car with it,

you know what's going to happen next. Your heater's going to quit, right? Your roof's going to have a hole in it, and now you're going to have to go take out a big loan, and now you're back down the hill, right so hang hang in there that's right hang in there you've proven to yourself did i use any of it i wouldn't use any of the emergency funds or no if you have a new baby on the way i want that emergency fund between four and five and six months so any money on top of that should go into a separate account that is going to be your car

purchase fund. Yeah. The only emergency, but the answer is no. You don't use your emergency fund to buy a car. You use your emergency fund to fix the current car for $1,000. Right. And then you save that money and you replenish it. And I know you were hoping we were going to say, hey, it's your first baby.

Go get that van. Yeah. Go get that van. I know the frustration of putting money into an older car. Oh, I do too. I mean, you want to talk about it's always not fun to use the emergency fund, but when you're using it on an older car, you're like, you've got to be kidding me. Yes.

But I have to remind myself, big picture. That is what you always come back to. And I don't want my kid, if I can help it, you guys have worked too hard to get out of debt. Don't bring a brand new baby into that stress. Right? You guys have just worked too hard. You've worked too hard to get out of debt don't bring a brand new baby into that stress right you guys have just worked too hard you've worked too hard yeah and she's got her right and i one of the things we we mentioned briefly but this is something i've learned because i'm looking at you know cheap cars and i i mean cheap in all caps yes me too because i got a 15 year old that's

going to be 16 in november you know what i mean and i'm going yes i mean if i could find a fred flintstone car for him yes that's what I would give him. Because if you're going to wreck that, I don't want the bad things to happen. But the point is, it is what it is. The $9,000, that's pretty nice. Do you know how many nice vehicles, I mean, not garbage, highly functional vehicles are in the 5 to 7 range. Tons of them. All over the internet, John. That's right. And one of the funniest slash, I've got pride in the wrong places, okay?

So hear me say that. But when I bought this $16,000 truck off a used lot, I don't know how old it is. My son climbed into it and he looked around and he looked at me and said, Dad, are we rich? Because of how bad my other car had been. I get it. And I looked at me and said dad are we rich and because of how bad my other car had been i get it and i looked at him and said yes son we you know what i mean i was like you've got no idea yeah but he really was like what's up now and it was an 06 i mean it was something well it's probably the new car smell spray and it was i did i waxed it down with a new car and again the point is not to drive crummy cars. Dave and I have had this conversation over and over and over.

That's not the point. The point is to drive cars within your overall budget. That's right. And it's not fun. It's the worst. And the worst is we live in a world

where everybody's driving around a car that they can't even afford. Yes. And you're looking at them and you're going, man, that car looks nice. I'd like to drive that. I don't have any debt. I've got a good job

and this is a car I'm driving? Oh, yeah. Not that I didn't think that on the way to work this morning. Right, but it's like, nope, I'm going to keep doing it right. I'm going to keep doing it right. I'm going to have that magic word and my patience. And your baby's going to love you anyway, whether it's in a Corolla or one of those brand new Plymouth

van. Oh, it's crazy. But that baby's just needing to be in the car seat. That's right. You know? So, you got this. You guys, Kelly, have done a great job. So proud of you. Dealing with life coming at you.

Keep doing it the way you've been doing it. Don't get distracted. You got this. And congratulations on the baby. All right, don't move. More Ramsey Show coming right up. Welcome back to The Ramsey Show. I'm Ken Coleman, joined by my colleague, Dr. John Deloney. Thrilled to have you with us.

888-825-5225 is the phone number. Today's scripture of the day, Colossians 4.6. Let your conversation be always full of grace, seasoned with salt, so that you may know how to answer everyone. And our quote today comes from John Maxwell. A leader is great not because of his or her power, but because of his or her ability to empower others. 888-825-5225 is the number to jump in. Let's go to Indianapolis, Indiana, where Phil joins us.

Phil, how can we help? Hey, guys. Thanks for taking my call. It's great to speak with you. My wife and I are considering making a fairly large purchase, and I wanted to just basically get a third opinion from you guys based on where we are in the baby steps. Okay.

Where are you in the baby steps? Well, we are, I believe, at a baby step six. We are debt-free with the exception of our house. Okay. We have a fairly overfunded emergency fund at this point, honestly, due to some extenuating circumstances but uh we do have about 175 000 in an emergency fund what's the only one working and there is um i was involved in an accident okay that uh resulted in a settlement that um padded that a

little bit and then just uh basically gone unallocated up to this point. Just hanging out there. Okay. Tell us how much overage you have so we know what that number is. Six months of expenses for us probably looks somewhere in the neighborhood of about $40,000. So it's way, way over, right? Yes, sir. Okay.

All right. So you got $130,000 just parked there. Yeah. How much you got left on your mortgage, right? Yes, sir. Okay. All right. So you got $130,000 just parked there. Yeah. How much you got left on your mortgage, man? It's a blessing, but at the same time, it's a little bit overwhelming.

That's right. How much you got left on your mortgage? So our mortgage is, the balance is about $250,000. Okay. And we are contributing a little extra to that.

Okay. So what's your question? Well, basically, the purchase that we're looking to make, it is a luxury purchase, if you will. My wife and I have kind of dreamed for a long time of owning an RV. We have two young children, and the price tag on that is around $30,000. And like I said at the outset, I'm just looking for a green light, if you will, because, you know, my wife and I, we just, I'm the budget, the nerd, the conservative, and my wife is more the free spirit. And I guess it's just kind of hard to pull those tricks. Dude, how about not a green light? How about the old green flag in the NASCAR race?

I'm waving my arm. I mean, $30,000 to buy an RV, and you still have overage, as you would like to call it. A hundred grand. A hundred grand extra in your emergency fund that you could put on that house. They say, yeah, I'm good with that. Yeah, there's probably a lot of people rolling their eyes at me. No, no, no. Don't worry about all those people.

Yeah, they don't get a vote. Yeah, if you go buy that $30,000 RV today with cash, and that doesn't mean you have to then buy a $70,000 truck to pull it, right? You've got all that down. And you go take that other $100,000, and tomorrow morning or Monday morning you go put that against your mortgage to where your mortgage is only $150,000 left, then, man, I'd say high five and stop by Nashville and see us on your way on your first trip. Yeah, come take a

picture in front of the building. Listen, man. Well, I've been down to see you guys once before, but I'd love to come back. Bring the RV. John and I will come in and have a cookie. I will not, but... Really? No, I probably would. Yeah, of course you would. I love RVs. Yeah, I think this is great. Man, congratulations. You guys have done the hard work. Keep walking this thing out. I Yeah, of course you would. I love RVs. Yeah. I think this is great. Man, congratulations.

You guys have done the hard work. Keep walking this thing out. I mean, you guys, yes, do this. Celebrate, too. And you know this. Once you have $150,000 left on your house, man, it's pretty easy to make eye contact with your wife, decide you're going to go gazelle in tents for just a short season, and knock that sucker out, too. Right?

Yeah. That's the dream. That's the dream, too. Phil, way to go gazelle intense for just a short season and knock that sucker out too right yeah that's the dream that's awesome phil way to go you guys deserve this you have the cash this is not a silly crazy vain whatever word that you've been putting in your head this is okay you got a hundred thousand extra dollars good for you yeah let's go to chicago next where jason joins us jason how can we help? Hey, guys. Thanks for taking my call. Sure. I am currently debt-free outside of my mortgage. And in about two months, I will have enough stock, non-retirement stock, saved up that I can sell and actually pay off my mortgage,

which in my head sounds like a great idea to get out from under this. And so I'm just calling to get some advice. So are these just single stocks floating out there that you've just purchased over time? Yeah, basically through my own company. I get to purchase the company I work for. Fantastic. But you have an external 401 or external retirement program that's separate than this? Yes, and I'm maxing that out. I max it out every single year.

Okay. Actually, I get money back every year. Good for you. Terrible. You know, you said something interesting, Jason, and I could be reading into this, but you said, in my head, sounds like the right thing to do. I'm wondering, is there somebody else that has a different voice in their head that's involved in this, or is that just the way you said in my head sounds like the right thing to do and i'm wondering is there somebody else that has a different voice in their head that's involved in this or is that just

the way you said it no no i my wife is completely on board as well and okay both um you know we've been ramsley fans and and have gotten you know this far um you know it's270,000 on my house, and literally I'll have the stock to do that and then be debt-free. And then the idea would be to kind of start building that back up again. But, you know, I don't know. How much is the house worth? Right now, probably $690,000. Dude. What are the taxes against those stocks?

Stock sale? I would have to run the numbers on it. That's something David on top of his head. Yeah, that's right. That's a good point because I think we were assuming, I know I incorrectly assumed that you had run the math on, if you're going to cash those stocks out, you got to know what your tax hit is on that.

Sure. But yeah, single stock, sell them, brother. Don't touch your retirement. Yeah. But sell the single stocks, be debt-free in your house, and then come down here to Nashville and scream it as loud as you can here on the debt-free stage, brother. Yeah. Absolutely.

Love it. Yeah. Congratulations, man. That's fantastic. I mean, you just think about that, you know, because you've got some people I know are going, ooh, that stock, obviously this guy's done pretty well there. But wait a second. There's no guarantee those stocks are going to hold that.

Especially internal circulating company stocks, right? My mom worked for this little company for several years called Enron. Yes. Oh, yeah. She worked for another little company called Deloitte & Touche. They loved the internal circulation. Boy, isn't that the truth. You know, Enron was about as sure a thing as there was.

It was the surest. And you want to talk about it. It didn't exist. Quick, yeah, just evaporated. It didn't that the truth? You know, Enron was as about a sure thing as there was. It was the surest. And you want to talk about it. It didn't exist. Quick, yeah, just evaporated. It didn't exist, right? And so, but the difference is, is they're debt-free, have a nearly $700,000 house paid for. And more importantly, I want everybody here saying, you're not cashing out retirement. No.

We're not touching retirement accounts. We're not getting into all the cashing out 401s. And I've been guilty of that, of looking at it and saying, man, I'd love to have that cash. I want to go ahead and I think this is the top of the market or whatever nonsense I thought I'd. Sure. And that's not what we're saying. But, yeah, you've got these floating stocks out there.

Yeah. Cash them out. Get rid of them. Pay your house off, and we're going to be good to go. So, Ken, real quick, you've got a big event coming up. Tell us about it. Yeah, the Get Hired event is April the 27th, 8 Eastern, 7 Central. It's going to be a live stream event, so you can get it anywhere you've got an internet connection

and a device ticket start at just $20. You can text the word HIRED to 33789. What we're going to do in that night is we're going to break down the three key things you've got to do to beat the competition. Because at the end of the day, with the way that artificial intelligence is being used, when you submit a resume, there's things you've got to do on the resume just to get noticed because they're doing keyword search and things like that. And then you've got to go the human route which is what i teach which is always going to be artificial intelligence john because if i got a connection it's over and somebody's willing to

walk my resume in even though i had to submit it online they went hey john let me tell you about this guy i know i think you ought to consider him that's i've known him this long that's the game changer that is and every job of my life absolutely true so we're going to go into that kind of detail it's going to be a lot of fun. Again, you can get your ticket starting at just $20. Text the word HIRED to 33789. You've got some cool stuff planned for this. This is not just going to be

Ken Coleman in one of those really short faces in front of a Zoom call. You've got a whole bunch of stuff going on, right? Yeah, it's going to be a lot of fun. We're going to do some live Q&A so you hear real people's questions as we begin to walk through what they're dealing with and how they overcome it. It's going to be a lot of fun. Thanks for bringing to do some live Q&A so you hear real people's questions as we begin to walk through what they're dealing with and how they overcome it. So it's going to be a lot of fun. Thanks for bringing that up. Dr. John

Deloney. Make sure you all check out the Dr. John Deloney show on the Ramsey Solutions Network. It's a great, great podcast. Also on YouTube, Blowing Up. Hey, John, thanks for hanging with us. You too, man. Always fun. I want to thank our producer, James Childs, and our associate producer and call screener, Kelly Daniel, and you, America.

Thank you for listening. This has been The Ramsey Show. This is James Childs, producer of The Ramsey Show. Did you know The Ramsey Show is one of the most popular podcasts in the world? Subscribe or follow today wherever you listen to podcasts.