The Ramsey Show - App - How Do We Protect Our Finances From My Husband’s Ex-Wife? (Hour 2)

Episode Date: July 5, 2024

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. George Camel, Ramsey personality, is my co-host today. He is a big star on YouTube on the George Campbell Show and also, of course, co-host of the Smart Money Happy Hour and author of the brand-new book that comes out next week called Breaking Free from Broke, The Ultimate Guide to More Money and Less Stress.

There it is right there. All right. Courtney's with us. Courtney is in Colorado Springs. Hi, Courtney. Welcome to the Ramsey Show. Hi, thank you so much for having me. Sure. What's up? My question is, how do I protect or how does my husband and I protect our finances against his money-hungry ex-wife. Money-hungry ex-wife. Why would she have any access to your finances?

She's called the ex-wife for a reason. Basically, our main concern is, does she pull more child support when she finds out that he's been married? I'm sorry. Would she get child support increased because he got a raise? Is that what you said? Because we got married, could she take more? She doesn't get more child support because you got married.

Child support is based on his income, not yours. Gotcha. Okay. So how else would the crazy ex have access to your husband's money that was the only way i was thinking i've heard that they do yearly audit they do someone they do because your husband your husband has children and he should support those children, and the law agrees with that idea. Correct. And if he gets more money as his income, he's supposed to give more to his children.

That's not a money-hungry ex. That's just dad taking care of his kids. Right. Has she contacted him? Is she making threats? Or is this just all kind of in your head right now of what could happen? She hasn't contacted him. I guess this is just me trying to make sure we protect ourselves.

Okay. Well, you're in good shape. As long as your husband is willing to give the legal percentage of his income to his children under the law for child support, which he legally and morally should do. If you want protection from that, I can't help you. But as long as he's willing to do that, you don't need protection from anything else. She can't get anything else. She has no access.

Or if your husband is spineless and just gives her money because she yells at him or something. I mean, has he got that problem? No, she's not okay so he's not he doesn't just hand her money just because she puffs up or something right correct okay that's just a behavior issue that's not a legal or a financial issue but yeah i mean sometimes people are intimidated by their exes or whatever, and we have to just kind of correct that by saying, you know, ex in front is a reason. Ex means no more. No more. That's what that means.

We're making sure the courts decide how this goes down, not his emotions or her. And so that's the important part. And it sounds like this is largely right now just a fear versus a reality. Yeah. Like you have discovered that no one likes your husband's ex oh well that's really you know you know because she's a greedy jerk okay whatever that's fine no trouble uh but she's still over there and she's the ex and the only involvement you have is just around the children and so we'll try to be nice and pleasant and give

the appropriate amount of child support as long as you're trying to do that then uh i don't think you're going to have any issues there's nothing nothing she can just you know or unless she shows up at the doorstep and your husband just caves and starts handing her money but that's a husband issue that's not a protection issue then yeah this was simpler than i thought it'd be i thought there was some crazy stuff going on but it's just child support as far as we can tell. Yeah. So, very reasonable. Well, there's a real dynamic when you're the new wife and the ex is over there in the distance.

Crazy. There's still a connection for me. That's a dynamic. Yeah. Those kids are still going to be in his life, so you're going to have to learn to manage it. Yeah, it's a thing. Christian's in Missouri. Hi, Christian.

How are you? Hello. I'm good. Christian. How are you? Hello. I'm good. Good. How can we help? I joined the Navy, and I'm leaving for boot camp in June. They cover most of your expenses, and so I have most of my five foundations covered. After I get my $500 emergency fund set up, am I ready to start going to step

five because I paid cash for my car, they pay for college, and I don't have any daily expenses that most civilians have to pay for. What should I do with the $2,000 paycheck I get? Yeah. So you're 18? Yes, sir. Thank you for serving your country, sir. And thanks for going through the personal finance curriculum. I can tell by the way you're talking, it stuck with you. You went to that in high school, didn't you?

I'm actually still in it. I'm graduating in May, and I'm taking it this year. Oh, wow. Fantastic. So boot camp is immediately after graduation, huh? Yes, sir. Wow, look at you. Okay.

Well, we will graduate you from the high school curriculum to the adult curriculum, which will mean you start with a fully funded emergency fund, which is three to six months of expenses. You're making $2,000 a month. Most things are furnished. So we might call that emergency fund $5,000, not $500. $500 is for high school students. Yes, sir. Okay, but now you're going to leave high school and enter the land of grown-ups, so we're going to put you on a grown-up plan, and that's going to be an

emergency. So your first goal is going to be a $5,000 emergency fund. You have no debt, right? Correct. Okay. You paid cash for the car, and so beyond the emergency fund you have no debt right correct okay you paid cash for the car and so beyond the emergency fund you can begin investing with earned income and maybe fully fund a roth ira and there's probably some retirement options through the navy i imagine okay maybe a tsp question is um in this curriculum we learn everything interest rates based on a 12% interest rate for compound interest. How do I actually get that good of an interest rate? Look at your TSP in the Navy.

It's the Thrift Savings Plan. They have a Roth version. You'll do that. If you look at the C plan in that, it's north of 11%. It's not quite 12 right now, average. The C plan? The C plan. It's the common stock plan.

I wouldn't put it all in there. I would put some in the S and in the I. The I is international. S is small cap. C is common stock. Those three. I'd probably put 80% in the C and 10 in the S and 10 in the I, and that's your retirement plan, Roth Thrift Savings Plan,

the TSP with the military, okay? Okay. And when you leave the military, you can roll that out to an IRA if you want to. Okay. How much would you recommend me putting in that retirement fund? 15% of your income after you have your $5,000 set aside. Okay. You're very wise to get ahead of this, Christian.

I want you to continue all the way through boot camp to make sure you are writing down each month before the month begins where every dollar goes. Because there's a lot of really stupid stuff 18 year olds in the military do with money and i don't want you doing any of that a lot of crazy crap out there son so just be careful continue to be calm and wise like you are right now and you're going to do really well you'll be so wealthy my friend thank you again for your service. George Campbell Ramsey personality is my co-host today. Open phones at 888-825-5225. I was just telling George a story and Austin, you need to hear this too. In 2012, I took a call here on the air from a guy who had a side hustle and he said i love my side hustle more than i like my job when can i quit my job and do the side hustle i want to double down

my parents say i'm crazy for doubling down my wife says i'm half crazy for quitting my job uh he was a pharmacist so he'd spent a lot of money and a lot of time getting to be a pharmacist he said i want to quit pharmacy i want to go into this whole other side of things in the gun industry. And I'm like, okay, so I'm, I'm a gun guy. So I'm talking to him and listening to him. I'm like, yeah, that's pretty cool. So I said, how much do you make? And he said, I made 65,000 on my side hustle.

How much you make as a pharmacist this year? This is 2012. And he said, 60,000. I said, well, double down. I'm on your team. I would advise your wife that you should go after this. It's what you love. It's your passion.

I would advise your mom and dad that they're very sweet, but they're wrong, and that you should go after this. So a couple weeks ago, I was out west, and I visited the guy's business. He did $70 million last year. That hurts my brain. Wow. And he acts like I did it, and I'm like, I didn't do anything. I talked to you for five minutes.

You've worked for, you know, what, 11, 12 years on your business. You built your business. I didn't build your business i'm so proud of you though uh i'll take credit for lighting a fire but dude you you you burned the forest down man that is way to go way to go man that's pretty cool uh we don't always get to hear the the other follow-up 11 years later to taking some of you guys calls out here so some of you ought to tell us if we screwed it up 12 years later or if we got it right or whatever yeah goodness pretty cool him pretty cool i'm impressed

with him sharp young guy too obviously todd is in fort wayne hey todd welcome to the ramsey show hey dave thanks for taking my call sure what's up i've got a quick question for you uh back in 2009 2010 when there's a big recession that we all heard about, my business went in pretty deep. And since then, I've paid back everybody I can and taken care of all that. But I've got one credit card that went after me in 2000 through collections and took me to small, I guess you call it small claims courts. I got a letter for a judgment against me but at that time um i was still trying to get

my head above water how long ago was the judgment uh it was 2015 august of 2015 eight years ago okay was the first one yes uh the first one yeah the amount was about, I don't know, $2,000, $3,000. But, of course, with all their fees, that judgment was for $8,000, round numbers. And, anyway, I just got another certified letter today. I didn't know how to, for sure, how to contact these guys. I just knew it was out there, but they've added $2,000 to it. Anyway, it says they have 14 days to congest. I'm assuming a court hearing. I didn't know the first

time I could do that, but do I just pay them? I don't think they'll get to have a court hearing on this one. Okay. Because it's gone too long. Yeah. Let's learn a couple things here. Number one, you owe these people some money and you're not

disputing that. Agreed? Yes. yes okay and the original balance was what uh i don't know for sure it was like 3 000 or something with their fees original no i'm talking about fees i'm talking about what you actually owe them oh the first one was uh 79.97 so 8 000 no no no no no that was with the fees okay when you had a credit card before it went to collections the balance on the credit card was three thousand dollars wasn't it yeah somewhere around there that's what i'm thinking okay so um here's the thing if they said they've added more another two thousand so it's now ten thousand dollars right yes okay there's a whole industry out there that most people don't even know is out there called debt buyers and they buy old bad probably uncollectible debt probably uncollectible

because the person has already filed bankruptcy and they don't get anything but they still will buy the debt sometimes not knowing that uh or the debt has gone too long and it's past the statute of limitations in that county or that city or that town or that state and so it's not collectible which i think is probably the case with yours anyway they probably get zero uh technically legally but they buy old bad debt now let me tell you what they pay for it a nickel on the dollar maybe less yeah so this guy calling you or certified lettering you is that with a ten thousand dollar bill likely has 250 to 500 invested in your account okay this that's good information if you're going to call him and offer him 3 000 bucks yeah yeah i want to do right by this debt i'm willing to pay three thousand dollars that's all i'm willing to pay if you want one dollar more i'm

going to give that to a lawyer and i'm going to fight you to the death because I don't think you can collect this at all because it's gone too long. So this is a case. This letter's from our county courthouse or court. Does that make a difference? Nope. The court didn't buy the debt. Some duper bought the debt. Okay.

So the duper's brought you to the county courthouse. Is the duper's name on there? Yeah, the collection agency, and there's a lawyer name on it. The lawyer's who you call. Call the lawyer. Okay. Because here's the deal. They are not in the business.

This is not like if I owed you money and you were pissed and got a lawyer and sued me. Okay. This is a conveyor belt at a factory, and it's the junkyard. It's not even a factory. It's a conveyor belt at a factory, and it's the junkyard. It's not even a factory. It's a conveyor belt at the junkyard, and they're running like 9,000 parts a minute down the conveyor belt, and you're one tiny little part. Okay. All right. Let me give you another example just for fun, okay?

Okay. A couple of Christmases ago, I decided to take advantage of this knowledge to do a fun charitable thing for our team we bought 8,000 accounts from a debt buyer totaling 10 million dollars worth of debt our purpose in buying it was we were going to call all 8,000 people we have a thousand, so each of them got to call eight people and tell them their debt is forgiven in Jesus' name for Christmas. So we bought $10 million worth of debt to do that for $259,000, two and a half cents on the dollar.

Yeah, that's amazing. Yeah, so I'm telling you, this is how this works. So that's who you're dealing with. You're one of 8,000 in a package. Only you didn't, the package wasn't bought by me. So you got to go deal with the people. But it's still, I had 8,000 people that were in this one package for two and a half cents on 2.59 cents on the dollar all right and that that's how this that's how this industry works man so the and what do they want they want more than they've got in it

because this is a business for them not a charitable event so they got 250 or 500 grant 500 in your deal you offer them 3 000 and you stand firm and argue with them about 30 times they're going to take it get it in. Do not give them electronic access to your checking account. Those two things are very important. Okay. So I think you should pay them what you owe them, which is three grand. Okay. You got the three grand? Yep, I do. Very cool. Does that tell you what you need to know? Yes, perfect. Thank you. Cool. Thank you. So they're hoping a few people in this giant pile will pay that $8,000 or $10,000 to make this whole operation work. No, they never get it. 99% of the accounts aren't collectible.

That's why they're worth nothing. Because, I mean, what are the chances of collecting on something from 2010? 13 years ago. 13 years ago. If you can even find the guy, I mean, they're just saying glory hallelujah that they even found him. We had trouble making the calls. We couldn't even. Old cell phone numbers.

Bad numbers. We had a what? I bet you one out of eight was probably bad or two out of eight. The information we had with the accounts we bought were bad. Which tells you they had bad information when they bought it. Well, because it's old. I mean mean how many people got the same cell phone number 13 years later you know and or whatever the same address and you know you don't send a

change of address to people you owe money to if you're on the run you know so it doesn't happen that way so it's an interesting world but it's a very high dollar high number low performance world and if you'll keep that in mind when you're dealing with them it's not but it's a very high number, low performance world. And if you'll keep that in mind when you're dealing with them, it's not personal. It's just a transaction for them. This is The Ramsey Show. George Campbell, Ramsey personality, is my co-host today. Open phones this hour, 888-825-5225. In the lobby of Ramsey Solutions on the debt-free stage, Jason and Jody are with us.

Hey, guys, how are you? Good. How are you, Dave? Better than we deserve. Where do you guys live? Jacksonville, Florida. Oh, welcome to Nashville. Good to have you.

All right, and how much debt have you guys paid off? A total of $365,000. Wow! How long did this take? About seven years and ten months. All right, and your range of income during that seven years and ten months? So we started out at about 80, a little under 80, and we're now about 175. Excellent.

What do you guys do for a living? So I am a wireless communications engineer. I do adoptions from foster000. Excellent. What do you guys do for a living? So I am a wireless communications engineer. I do adoptions from foster care. Excellent. Wow. Very cool. Okay. $365,000 was what kind of debt?

So $86,000 was consumer and the rest of it was actually the house. You paid off your house. Looking at weird people. Way to go, you guys. What's this house worth uh so right now it's uh close to about 400 way to go very cool and how much do you guys have in your retirement accounts probably about 160 between the two of us way to go you're heading towards millionaire halfway there way to go congratulations how's it feel to have your house paid off wonderful it's amazing it's just there's so much you can do now we can do now without a payment amen amen so what started you on

this journey seven years and ten months ago it actually started earlier than that my sister she's seven years older than me and I I just graduated college and was unemployed looking for a job and I was babysitting her twin boys, my nephews, and she had your book on her coffee table, wasn't using it. So I read it and I thought, well, I mean, I don't have any money coming in. So I of course made every excuse and put it back down. And then we had our first son, and both of us were kind of like, we need to do something to change this. And a couple of my friends at work were also doing, or were doing Financial Peace University at their church. And so that's how we got connected. Ah, okay. So you went to Financial Peace?

We didn't actually go through. I just listened to your podcast all the way through. I still listen to it. When we were in here, Baker Street was playing, and my son, is that why we're here? Wow, he made the connection. This is why we listen to this every day. He's been hearing that since before he was born. I like it. Very cool.

All right, so Jason, how did she get you fired up about this? You know, I kind of just followed along and I saw things, you know, snowballing. And I said, this is really working. I think I'll jump on board too. Yeah. Engineer mindset. You're like, all right, this is a process. It works. I'm on board.

Yes. I have to see facts. Yeah, absolutely. I don't blame you. Me too. Well done, you guys. Well done. That's a long slog, but you got the house and everything done

seven years that's about the average people paying off their house in about seven years yeah did you pre-decide you're going to pay off the house at the end of the consumer debt what made you just keep going we did i mean it was we just didn't like being in debt and once you saw those numbers go down it's like we can do the rest of it. No problem. Yeah. We reach over and knock it out. Yeah. That's fun.

Because you're definitely not normal anymore. I love it. So when someone says, how'd you get out of debt? How'd you pay off your house at this young age? What do you tell them? Well, you tell them what everybody says, that you have to be on the same page. You have to support everybody. But what really got it going for us was that when I got that new job,

we continued to live off of the original salaries that we were making, but that extra money all went to debt. And I tell you, it really got that snowball going really fast for us. Live on less than you make. Avoid lifestyle creep. That's what they call it. You get a raise and you just spend it. You don't know where it went, but you guys went, went no we're going to keep living on less so we have

more margin to pay off this debt that's it we also i had um my grandparents lived in central florida for 60 years in the same house without any central air conditioning whoa and i always reminded myself and jason when we were going through things and we're trying to figure out if we should buy this or not. It was always thinking, deciphering want versus need. And so if my grandparents at 80 years old can stay in a house with no central air and heating. In Florida. In Florida. Yeah.

We can live without the air conditioning in our car right now. Wow. And then you get there. And now you can do anything you want to do yep so what's your first big thing to do now that you don't know a stinking dime in the world to anybody well we did a disney trip with one of our close friends and her girls um and that was exciting um inexpensive yes it is disney's proud of their services and then being here we took our flight first flight as a family of five um which was a big deal yeah it is yes so probably a good little southwest jump from uh jacksonville to nashville you got it yeah i've done that one myself a time or two excellent they went from disneyland to ramsey solutions which one's

better i just don't know the kids kids can't decide yeah this one's free yeah we're not gonna charge you for the ride i'm just saying you know and the cookies are free so it's quite the opposite it's a disney inverse relationship oh my gosh way to go you guys so proud of you congratulations who was cheering you on from the outside? So we had friends and my mom, his parents, my sister, my really good friend, Robin Staley, and her late husband, Tim, were big fans and went through this journey with us. Yeah. Way to go. Very cool, you guys. Congratulations. Very cool. We've got a copy of the Baby Steps Millionaires book for you, the Total Money Makeover book and Financial Peace membership

for you to either go through it now or give it to somebody now that you're here. Baby Steps Millionaires, definitely your next step in your situation. You're on your way. That's called the Live and Give Bundle, the Live and Give Box. And so we'll give that to you at the break here. And let's bring the guys up and introduce them with their names and ages ages so we got we got vincent we got victor and we got henry at three almost six and nine all right ready to go ready to go look at those good guys i'm matching blue polos yeah i didn't have anything to do with that by the way well their family tree has been changed their lives have been changed and they don't even

completely understand what you two have done for them but you're in really really good shape congratulations well done jason and jody henry victor and vincent jacksonville florida 365 house and everything paid off seven years and 10 months make an 80 to 175. Count it down. Let's hear a debt-free scream. Ready, guys? Three, two, one. We're debt-free!

Yeah! Woo-hoo-hoo-hoo! Well done, you guys. That's what it's about. Just steadily plowing through right there. Now a whole nother life completely changed. So George, that means that we've now done 53 debt-free screams this year. Wow. Since the beginning of the year for a total of just under $10 million in debt paid off total. That's pretty incredible. So all kinds of backgrounds, all kinds of incomes,

all kinds of family situations, everybody's doing it. And you've done this for 30 years now. And the best part is, that's encouraging to me, is that anyone at any point can just decide. I mean, that's just, it's like a magic trick that you can just wake up and go, I don't want to live with $360,000 worth of debt anymore. I want things to be different. And then you just slowly but surely follow a proven process and pay it off. Yep. You get after it.

There's no magic to it. There's no secret sauce. You got to get after it. You got to push it through. You can do this. And what we know is that we are positive because we personally witnessed people from every background, every income, every situation, every race, creed, and color have been able to do this stuff. And we're willing to help all of you. We want to help all of you because it's why we're here.

It is so fun to sit here and hear your stories of winning with a whole new look on mental health, a whole new look on your career, a whole new look on your money. Man, it's a completely different situation than most people live. This is fun stuff. It's called The Ramsey Show. George Campbell Ramsey personality is my co-host today. You can see his new YouTube channel anytime you want. Just check out the George Campbell YouTube show.

It's pretty stinking incredible. Hey, if you're liking this show and a bunch of you are new, thank you for that. Just let y'all know the inside story. We don't have a $300 million a year marketing budget. We don't have a football stadium named after us like, oh, I don't know, Suffolk or something like that. Excuse me. Allergies are bad this time of year.

Bless you. Gesundheit. But anyway, so the only way this show grows and we help people, more people, is you tell people about it. So we appreciate that. Share it. Tell people you listen. Tell people where your talk radio show is

or talk radio station you listen to. Or you can share it digitally if you're a podcaster or a podcast listener or a YouTube follower or something like that. You can just hit the share button. Hit the subscribe button, the follow button. And that way it'll automatically show up on your devices and we'll be there for you all the time.

And also, by the the way leave a five star review where you can uh one stars are not helpful mama said if you hadn't anything nice to say don't say anything at all but all the five stars we can get and all the shares and the follows and the subscribes all of those things push the show to the front of all the internet algorithms and cause it to show up on new people's searches faster and easier and we get more and more people we can help. Thank you for that. We appreciate you. Daniel's in Atlanta. Hi Daniel, welcome to the Ramsey Show. Hey, thanks Dave. Thanks for having me on. Sure, what's up?

So basically I have the ability to totally pay off my home right now, but I am getting married in July and my, uh, my fiance, she's going to have around $300,000 in student loans to pay off. And I was just trying to get some advice on how I could potentially or what I should do with my house right now because I have that three-year buffer until any payments are due to help my fiance. So she's got three years of school left? Yeah. And how's she paying for that? I'll just, I'll be helping her. She's just taking straight loans.

I'm saying after you're married, what is your income? Okay. So right now, I have a fairly volatile income, but my salary is $110,000. How much do you have in savings? I have $275,000 in savings right now. Okay, what's it take for her to finish school after July? How much? Yes.

The grand total for her to finish up is going to be $300,000. The total of our whole schooling, but she's already started, hasn't she? Yes. Okay. How much does it take from this point forward to finish um so she's already so so it'll be that's going to be the entire total so i'm not i'm not exactly sure what she's taken out so far well that'd be good information to get since you're marrying her yeah what. What's left on your mortgage? So I have, well, I know that it's going to be $300,000 whenever it's all said and done.

But it's not all said and done yet. Okay, so she's already been in school, what, a year? She's been in school. She's finishing her second year. Okay, and she's got three more to go yeah she's okay yeah if we call 300 into five that'd be 60 000 a year if we're guessing right no so it's it's gonna be 300 total i got that whenever she's okay but my point is what here's what i'm trying to lead towards and you don't have the numbers and you're trying to box me into some kind of corner or you just truly don't know so the deal is this what i want you guys to do is i want you to pay cash from this point forward

with your money after from july forward after you're married i is I want you to pay cash from this point forward with your money from July forward after you're married. I don't want her to take out any more loans. I want to use your $275,000 for her to finish school. No more loans. And my guess is she probably has between $50,000 and $100,000 right now. That's my guess. Okay. And so she probably needs another $ needs another 200 or so to get through

school but let's budget and set aside of your cash what it takes for her to finish med school that's most important because the first step to getting out of debt is not going further in right okay do no more harm similar to her Hippocratic oath she'll take later right do no more harm okay so we're gonna just we're gonna cash flow now whatever cash you have above what it takes for her to finish from today forward then we're going to start talking about paying off her student loans then once those are gone we're going to work towards paying off your house that's working the baby steps first borrow no more second begin to address the existing debts that are there third we have an emergency fund fourth we build and we start to pay off the house and baby step six.

That's what you've got to, but what you've got to ascertain to do that is you've got to find out what it takes in cash from July forward for her to finish school. And that is a number less than 300 because 300 is all in. Correct? Right. Okay. We got there. So yeah, the goal is not to take any new loans when July hits and you guys are married. So cashflow the wedding, cashflow the honeymoon,

let's come back, let's look at the pile of money we have, our incomes, our debt load, and begin to pay it all off. Yeah. And then when she graduates and is an MD, hopefully her income will be north of $200 pretty000 pretty quick, and your income. So you're going to have a $300,000, $400,000 household income, and you'll finish paying off the house very quickly at that point with what's going on. So you've done a great job saving money. You're signing up for a debt ride. That's part of what goes with July. You've got a big old debt ride, but we're not going to just keep piling on the debt while we reduce the debt over on the other side on the house.

That doesn't make sense at all. In a sense, that's like borrowing student loans to pay off your house. Mathematically, it's about the same thing. It's just a balance sheet switch. Pay off 300, take out 300. Yeah, exactly. We're going to pay off 300 on the house, but we're going to take out 300 over it's you know exactly we're going to pay off 300 on the house but we're going to take out 300 over here on student loans so that's the same as borrowing on student loans

to pay off your house which we wouldn't tell you to do that and nobody would do that on purpose either it's just a but that's the net result of all this trying to hide the p under a shell thing when people talk about dave we took a call earlier and someone said is it fair because it's not it's not her fault i went into this debt and we just walked him through this and went hey you you saved up hundreds of thousands of dollars and all of a sudden you get married and you go oh but i worked so hard for that i gotta pay off her medical debt how do you overcome that you are marrying a doctor so there's a helpful there's an upside there if you want play tit-for-tat quid pro quo here. You should be able to get a great income out of this, yeah, as you go along.

There's an attitude and mindset that goes along with getting married that's hard for people to stomach in this very independence-driven world. I worked hard for this, Dave. I shouldn't have to pay off their loans. There is that mentality. Yeah, but he wasn't saying that. He was just trying to figure out the best strategy. I was impressed by him because he was so quick to go, right i'm going to pay off her debt i'm going to

cash flow her med school which is or do i pay off my house which is wise that's what he's asking so it wasn't it wasn't a tight hold on it but that's uh that that's how we'd handle it daniel um the other thing that uh i want everybody to be careful of and we've seen it in the last hour um be careful of your language jesus said out of the abundance of the heart your mouth speaks so i was forced to i'm trapped i'm i can't do this in our area you can't do this and all of these absolutism type statements and verbiages indicate a victim mentality indicate you're stuck and you're not stuck um and and when daniel kept saying all in all in all in it's like it presupposes that debt is the only way to do this and it's not presupposed because you called the place where we don't do it we presuppose quite

the opposite and uh so don't presuppose all in we're not doing all in we're not going that that's not the plan we're on anymore just changed she's marrying you and you got money there you go this is the ramsey show Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today. Music