The Ramsey Show - App - How Does a Spender Develop the Habit of Saving? (Hour 2)

Episode Date: July 1, 2021

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Music Music Music Music Music Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king,

and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Dr. John Deloney, Ramsey Personality, is my co-host today. He is the host of the Dr. John Deloney Show, where he answers questions about mental health, relationships, boundaries, anxiety, and other things that are going on. The show is a wonderful success success and if you want to

participate in his show you can email him at ask john at ramsey solutions.com with a question for that show or leave a voicemail and kelly and the team will get back to you they produce that show the number is 844-693-3291 but he's here today if you want to talk to him, and the phone number here is 888-825-5225. 888-825-5225. Courtney is with us in Battle Creek, Michigan. Hi, Courtney. How are you?

Hi. I'm well. How are you? Better than I deserve. What's up? So I'm a family medicine PA. I've been working in private practice and I am in a leadership role right now but could foresee possibly an opportunity to buy into the practice maybe within the next five years or so. So I guess I'm just hoping for some advice

on potentially how to save up to buy into the practice and also kind of what to consider financially and personally making that big of a decision. Well, this situation and a law firm are the two times that I have seen what is effectively a partnership work. Most of the time in business, partnerships don't work. We always, when we're dealing with an entree leadership team in a business setting, we just tell them the only ship on sale is a partnership. But you do have, even though the vast majority of these medical partnerships do work, they work because you've got very, very clear,

clearly delineated rights and responsibilities and processes for death, disability, whatever, default, whatever happens, any of the Ds that happen. You guys, they probably have very good agreement structure and that's what helps them to survive so but you do want to learn about all of that so kind of think about what are the worst case scenarios on everything and how is that addressed uh when a partner dies that's bought in what happens when they go through a divorce what happens when they go uh when they don't pay or do their part uh when they're no longer interested in showing up for work, disinterest.

So disinterest, divorce, disability. They lose the ability to come to work, what happens to their shares, your shares. How do you get paid or not get paid? What is your requirement to participate? And so it is a bunch of Ds. It's divorce, death, disability, disinterest, default, drug use. You know, all these, what are all the stupid people tricks people can do? Dummy?

Every once in a while a partner just. Is a dumb one. Yeah, you just got a dumb one. Okay. I'm just trying to think of a good deal to jump in here. Feel free, John. So, but that, you know, but my guess is when you do investigate that and understand it, you're probably going to find it's probably well thought out.

Where in most two guys opening a heat and air store, a heat and air company, it's never thought out. And so that's where the disasters all come from. But you guys are in a world that's very well developed in that area. So that's thing one. Thing two is the way you save up is you say this is so important i'm going to save up i mean i'm gonna i'm gonna treat this like i'm paying off my house i'm gonna pile up cash so fast and we're gonna live on nothing so

that when this opportunity comes i can write the check because i'm not going into debt to do it i'm not good yeah i'm not going into debt to do it. Yeah, absolutely not. And then the last thing is what the voting and governance structure is, because you're going to be a minority shareholder. You're not going to have the ability to vote by yourself and tell everybody what to do because you don't have 51 and so what is the process for if if four of the partners if there's five partners and the other four get together and decide they want to go uh 40 million dollars in debt and build a building for the practice and you don't want to you're going to get outvoted you know and so you've got to kind of think through

how the how the voting process or the governing process works here because you do not have the ability to just stop something you don't have a trump card you don't have a you can't just stop bad things from happening and they're happening where you just paid X number of hundreds of thousands of dollars to become a part of this, and you have no control. So that's the, it's very emotionally strenuous to be a minority shareholder because you got really your life savings invested in something you can't control. And that's the dangerous part. And that's why I tell people not to do it, except in these situations, I have seen, you know, I don't know what the percentages are, but the vast majority are successful versus other types of partnerships,

so I'm not going to tell you not to do it, and were I in your shoes, I probably would do it, but with cash. And I just need to understand the secret to happiness is lowered expectations. I need to understand what happens in all the worst-case scenarios, including me getting outvoted on something, because they want to take a political stance with this that I'm perpendicular to uh with our whatever procedure internally we want to make a public statement uh that's perpendicular to my belief system uh and now i'm part of it because i'm an owner in this your name's on the and i can't keep it from happening so those are the kinds of things you've got to kind of address and and you know if they're not written parts of the documents at least set your own expectations on them because when it turns sideways you know i took this risk on is there any rule of thumb for pricing out a buy-in like this you know it's some net present value it's

it is it's it it's anI thing, a net operating income. So the income of the practice after everybody's been paid is what the shareholders divvy up. And so what are you getting on average if you own one-fifth of the practice? It's $500,000, so I'm going to get $100,000. Okay, so what am I going to pay for that? Usually not more than $300,000 or $400,000. So you're going to look at just three to five years? Yeah, you're going to break even in three years probably.

And a lot of them break even faster than that. Okay. Because there's a sense that they want to keep her because she's become such an integral part of the practice. And so they're letting her buy in at sometimes 50% of what a stranger would buy in. Okay. Because you want those partners all knit together because it's golden handcuffs then. Yeah, then she can't just walk away.

Well, she can, but it would be ludicrous financially. It becomes golden handcuffs. So for that reason, they're usually priced very good for the buyer. Gotcha. Very good, usually. Very cool situation to be in. Yeah, it is. Again, it's an anomaly in business that the medical partnerships. But it's important you just said that you don't pay off the front end line.

You pay off what has trickled through down to the shareholder, to the owners. Yeah, absolutely. I mean, that's the way all partners get from profit. That's where we are. Dr. John Deloney, Ramsey Personalities, that's the way all partners get from profit. That's where we are. Dr. John Deloney, Ramsey Personalities, my co-host today. I'm Dave Ramsey. Your number one wealth-building tool is your income. For business owners, this comes as no surprise,

as you're used to putting in extra hours and watching your bottom line. That's why Christian Healthcare Ministries, or CHM, is a great option for those who are faith-focused and budget-conscious. CHM is not health insurance. Rather, it's a health cost-sharing program. It's not harder, but it is different. To learn if CHM is a fit for you or your business, visit chministries.org slash budget. Dr. John Deloney, Ramsey Personality, is my co-host today.

If you're struggling to keep up with payments, you know what it's like to be so scared and overwhelmed you can't think straight. You don't have to live like that anymore. When you pay off your debt as fast as possible, you will never have that kind of stress again. And you'll have control of your most powerful wealth-building tool building tool your income because you're not giving it to everyone else you know where you do this financial peace university almost 10 million people have been through this class guys and they learned how to pay off debt they learn how to work together if they're married take control of their money start investing you know it's, it is a proven thing. You can stream all nine lessons right now, or you can get some extra support by going

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Blinds.com. Use the promo code RAMSY to get the best deal. So today's question comes from Victoria in Texas. Victoria writes, My fiance will finish his medical residency this year. He has $150,000 in student loans, $9,000 in credit card debt, and no emergency fund.

When we first met, he always said that the best investment you could make is paying off your debt. But his priorities have now changed. He makes minimum payments on the credit card, deferred the student loans, and allocates the rest of his money, drumroll please,

to cryptocurrency. I have a little throw up in my mouth. Isn't this crazy? He promises that he'll start paying off debt as soon as his residency ends, but it worries me that he prefers to invest in something that's risky rather than paying off his debt. Should I be concerned about this new obsession,

or should I trust that he will eventually make his debt a priority? Man, so anytime somebody says, hey, this is an important thing for me, and you go, great, and then they change it on you, and they do something different, and then they say, hey, but next time? But next time, you thing for me. And you go, great. And then they change it on you and they do something different. And then they say, hey, but next time? But next time. You can trust me.

And then that changes again. Yes, you should be concerned about the integrity of the person that you're walking alongside. Yes, you should be concerned, I think. I absolutely do, actually. In fact fact the more i think about this the more frustrating this gets because you've got a scared fiance here and you've got somebody who has some wisdom in one area of life i think you guys getting this straightened out prior to marriage

is a deal breaker i agree um and that's sitting down with your pre-marriage counselor and coming to terms with, A, you're no longer aligned on how money is handled, and, B, he's changed his mind. I'll tell you what I think has happened, and a good spanking in the marriage counselor's office will fix it because he's going to get to choose between you and crypto if you're my daughter. And so not because I hate crypto, but because of the way he's doing this and his whole process. My experience of coaching is people with their finances, there are more broke doctors, medical doctors, than any other thing I run into. I mean, we see all the broke athletes are broke music people. They make all their money, and then they lose it all.

But broke doctors hide it behind a BMW with a lease payment, and so people don't realize how bad their finances are. And when I've sat down with them over the years, they're unbelievably suck at how they handle their money. And that's what I was about to say. There's an arrogance built in, right? That's exactly why. I can take a heart out, so surely I know. Surely I can do cryptocurrency. Right.

And so what I smell is a young medical student who took his class on I am now God, I'm a doctor, and I know everything. And so he got downloaded the arrogant download, and a good spanking in the therapist's office will fix that. Or a good spanking in the market will fix it, too. Yeah, but I don't want to be attached to him. I don't want to be taking i don't want to take her down when she you know you don't want to go down with a drowning guy here because he because but here's the thing it's not what he's doing but why he's doing it that's the deal breaker because if i'm right if he is doing if he changed from his common sense when he was humble to now i'm arrogant and so i can play things that other people can't play

and i will come out which every time you play in a high risk thing that's that's involved right you have to think you've got the edge on something that no one else does i've got the ticket on this horse so i can bet the farm at this horse race you know and i've got an edge and and you because and arrogance is what this is it's pride pride comes right before the fall so that the that's what's the deal breaker because when it's not crypto it's going to be something else it's going to be a new it's going to be another thing and he's going to go buy into a pizza chain and that's going to go broke and then he's going to go buy fried pickles and then he's going to do because he's always because he's so freaking smart, that is a deal breaker.

Right. Because you're going to live a life of bull crap sucky decisions to bull crap sucky decisions to bull crap sucky decisions. Right. It's just going to be one after another until this pride is broken. I know this guy because I was him. As was I. That's what I keep saying. Victoria, I am this guy, right? I know a lot that's what i keep saying victoria i am this guy right

i know a lot of stuff about a really small this is how dave ramsey went broke because i am in ordinantly good with math i can see things i can see a deal i can feel math when it's on a piece of paper i i'm not good at a lot of stuff but so i could walk into a real estate deal and ding ding ding ding and i can tell you today 35 years years later, exactly what I paid for that property, what we spent on it, and what I made on it. They just, those numbers are stored. I can't get them out of my head. I see them.

They're on a chalkboard in my mind, you know? And so because I thought I was so such all that, I went and built a dadgum house of cards, and it came crashing down on, guess what, my wife and my kid's head. So I often find when I'm in one of these arrogant modes or when I'm with folks like this, and I've spent a lot of time behind closed doors with medical folks, they can feel or sense that deal. They can't feel or sense the person they love sitting next to them in the driver's seat suddenly feeling like they just, their lifeline just got cut, right? right yep and yeah i'm with you the scary

thing about this victoria is this is a pattern that i've seen over and over and over and over so if he can become one of the smart doctors that is humble and realizes he's good at medicine and sucks at money and needs to do basic grandma common sense with money, if he can revisit that line, that's an indication he has become humble rather than prideful, and that is marriage material. But it's not the detail of cryptocurrency versus paying off your student loans. That's not the detail. That's not the deal breaker.

It's the why under it that is a reason not to marry this guy. Absolutely. Until you get this fixed. And so that's because you're signing up for a lifetime of heartache and crap falling down around your head. Because, man, I tell you, the number of doctors who've earned four fortunes and only have one. Yeah. With three wives, too. Yeah. Yeah. With three wives, too, right?

Yeah, yeah. Two husbands. And when we do this stuff, when we're arrogant and we drag our families through this same thing, and they get to go along for the ride. And, you know, I used to say, well, you know, Sharon was really afraid when we were going through all this, and she would go, no, the word is terrified. Not because of the situation, but because you kept doing it. Terrified.

I terrified my wife, Victoria. You're terrified. I can see it on the page here. And you should be. This is The Ramsey Show. Thank you. On the phone in Denver, Lane and Kaylee are with us. Hey, guys, how are you? Well, I guess if I pick up the phone, then I can talk to them.

There we go. Hey, guys, how are you? We're doing great. How are you? We're doing great. How are you? Better than I deserve, man. I see on my screen you're debt-free. Congratulations. How much did you pay off?

We paid off $57,000. All right. And how long did this take? It took 26 months. Good for you. And your range of income during that time? We started at $105,000, and currently we're at just over $135,000. Good for you. And what kind of debt was this?

So we had two cars, a personal loan, one really big credit card, and cell phones. Okay, cool. And what do you guys do for a living? So I am a plumber and Kaylee is a stay-at-home mom and does some property management on the side. All right, very good. So how long you guys been married? We've been married 12 wonderful years. Wonderful. So what happened two years ago that was the wake-up call 26 months ago? Yeah, you know, we had taken financial peace shortly before two years ago, and it was really great class, and we were like, yes, we could do that, but we just couldn't figure it out.

We would go to financial peace, and we'd go out to eat after, because we were like, we're so broke, so clearly that's what we should do, go out to eat, right? Well, then just a couple months later, we were like, we're so broke. So clearly that's what we should do, go out to eat, right? Well, then just a couple of months later, we were taking financial peace and I went to file our tax returns and we pull out all the W-2s and I say, we make six figures. Did you know that? Lane's like, I didn't know that, but why are we so broke if we make six figures? So that was really what kind of kicked us into gear, filing those tax returns and saying we were making way too much money to be so broke a healthy level of disgust yeah absolutely good for you now they just popped your uh family's picture up on the youtube screen right here i

saw it in the lobby how many kids have you got uh we have eight children and we have a ninth on the way in october all right congratulations way to go so you fed eight baby birds while you were doing this yes we did wow because sometimes i hear people say on social media well now you know you can't do that dave ramsey stuff if you have a big family it's true it's true. I actually admin a Catholic large family group on Facebook. And every time someone would talk about finances, I would hear a lot of people say, Dave Ramsey never works. Or you'd hear the other half say, the only thing that works is Dave Ramsey. And then all of a sudden, all these large families started breaking off into these Facebook book groups and saying, you know, Dave Ramsey for large families, because really it is the

only thing that works well i've heard the opposite too so yeah that's interesting all right yeah it's the only thing that works period not dave ramsey but these common sense principles it's not me but they uh and the only thing that works is when you actually work it's you guys are the heroes i'm so proud of you how's it feel to be free it feels amazing honestly um for the first time in our life we're you know not struggling to pay bills or living paycheck to paycheck and for myself um being you know a dad of eight and a husband of a wonderful wife um it's for me it's just exhilarating to be debt-free. Like, it's so much weight lifted off my shoulders.

It's just been amazing. So what does sacrifice look like in a large family? Because it looks like you did about $2,000 a month average through that 26 months, and meanwhile feeding 8.3 kids. Yeah, it was really a lot of Lane using his trade, and really so many people of our friends and family who referred Lane and trusted him and really just saying, whoever needs a sink or a toilet or a remodel or whatever needed to be done, you know, Lane was just really, really great about going to work and then going to side job after side job and going to work.

And, you know, his work was really fantastic about when all the lockdown and all of the, like, quarantine things came in. Their business actually picked up a lot of, they service a lot of restaurants. And so we were worried. We thought, oh, restaurants, we are dead in the water. But there were a ton of restaurants who said, hey, all those big jobs that we never want to shut down our restaurant for, let's do those. And so he was able to stay really busy. And truly, I mean, every one of our friends and family who hired Lane and believed in him and referred him to their friends, they supported this journey, even if they didn't know it, because they supported a family instead of a business,

and that was huge for us. He got so many referrals. How did the kids participate in this? Well, they listened to a lot of podcasts in the car, Not willingly sometimes, you know, they get a lot of complaints sometimes, but you know, they, you know, staying home a lot, eating at home was a big thing. You know, like Katie said, we like to eat out and so eating at home was a huge change for them. So they, they were very gracious about it though though. Yeah. They helped cook. Yep.

When we were exhausted, they stepped up and helped cook so that we didn't order food or go somewhere. Yeah, they were phenomenal. And I'm just thinking of all of the generational shift that's just happened, not only with the debt profile, right? But now you've got a dad who works a hard manual job with demanding people who's going to come home a little less stressed. And you've got a marriage that's a little over 10 years old

with basically a kid a year, right? That's a good turnover, right? And there's going to be a little less stress. And over time, that's going to magnify. Now you've got kids who know how to cook and work together and do fun things and enjoy each other's company,

and you're talking about transforming a tree with a lot of roots on it, right? Very cool. It's not just paying off debt. Good for you guys. Very cool. Absolutely. Thank you. One thing you know about most large families, it's not 100% true, but more so than small families,

is the kids are not entitled because it's not 100% true, but more so than small families, is the kids are not entitled because it's not an option. It's very true. Yes. It's something as simple as we come out here to take pictures at the break. If there's one or two, sometimes the kids are running wild. But if there's like four or five. It's like being with a military group.

They just walk right up there. They know how to assume the position for the picture. Boom, and they line up. Because hands will come from everywhere and hit you. Straighten up. Yeah, so I'm sure they got on board. I'm sure they did. Because you have to get on board just to stay sane in a house like this.

This is awesome. I'm so proud. You guys are so impressive. What a neat family. What a great story. Well done. Well, thank you guys for going out there and winning. What do you tell people the key to getting out of debt is?

Sticking to a budget is huge. Yeah, the budget's key. Yes. I would say learning to suffer well as well. Yeah, Lane was so great about suffering well. The kids really got to see him work really hard and never complain. And I was not always had such a good attitude as Lane did. And I could just tell I was like, even I'm annoying myself, even stop complaining. It's not doing any good.

But the kids will really tell you that their their dad suffers really well. He works really hard and he's just the last person to ever complain or say anything negative. He just always keeps us all going. He just made his year. That's awesome to hear a wife say that about her husband. That's so cool. Well done. It's interesting, you know, our 13-year-old daughter, she was really instrumental. She would color in all of the charts and every time we'd get paid where are we at what are we doing how much longer and so i asked her this question and she's 13 years old and i and i asked her what's the you know what's the secret to getting out of debt and she said fortitude really so good and i thought i had to share that touchdown all right lane and kaylee and the team. $57,000 paid off in 26 months.

Make it 105 to 135. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! We're debt-free! I love it! Wow!

It's incredible. That's amazing. How impressive. Very nice. This is The Ramsey personality, bestselling author is my co-host today. Open phones at 888-825-5225. Draylon is with us in Columbus, Ohio. Hey, Draylon, what's up?

Hey, guys, how you doing? Better than we deserve, sir. How can we help? So, basically, I'm finally in a position now where I can save. I've been living paycheck to paycheck since I graduated two years ago. But the fact that I can save now, I have a car loan that is driving me crazy. My car loan, I have $10,900 less for this car loan and it's a 16% interest rate. And I know that's pretty high, but the reason I, I, the reason I accepted it is because

I didn't have any American credit at the time. Right. So I figured after a year I can refinance it. But because I'm Canadian, by the way, I know that might have sounded a little bit weird, but I was going to refinance it, but I got approved for it based off my credit, but my employment history isn't long enough. So I just feel like I'm stuck.

What do you make? What's your income? So right now I will be around $40,000. Okay. And you're working 40 hours. No, now I'm pushing it to around $40,000. Okay. And you're working 40 hours? No. Now I'm pushing it to around 50 hours a week. For $40,000?

Yeah. So I just started in home renovation, and I'm in a laborer. So I'm at a pretty low position. I'm working my way up. Okay. But you're paid by the hour? 15. Yeah. You're paid so much an hour. So if you work more, you get more money. Yeah, exactly. Okay, good. Can you get any more hours? Yeah, I can get a little bit more hours. But at the moment, I just made a partnership. I'm

about to launch a landscaping company as well. So I'm going to have more income coming in through that. Okay, good. Okay. And how old are you? I'm 27. Okay. Well, here's what I would do if I were in your shoes. I would say 16% every morning,

me being charged 16% interest pisses me off yeah and i stay mad all day trailing you said this is driving you crazy it drives me crazy on your behalf yeah i'm just i'm just hearing it i'm going crazy so if that's the case then i could pretend i could make a pretend thing in my head and say gosh if i don't don't pay off $10,000 in four months, I'm going to die of a disease or something. I mean, what if you had to find $10,000 in four months to stay alive? You would find $10,000 in four months. You would work like hundreds of hours, thousands of hours. You would not worry about anything except getting

ten thousand dollars right yeah that's what i want you to do okay you wouldn't recommend selling the car i would recommend paying your car off in four months because all you do is work and you don't have to worry you're not going to die from hard work right before you die you'll pass out you're gonna be fine you're gonna be fine because here's the thing uh the good news is you did something really stupid you did it at 27 so you have the whole rest of your life to never do that one again yeah okay and that's the way i look at me losing everything when i was 28 and bankrupting. You know, there's a whole bunch of stupid stuff I did in that story that I spent the rest of my life not doing and consequently have been able to become very wealthy after that.

Because if you can just not repeat the stupid stuff, that is an accomplishment for most people. And four months, I like the idea dave just of putting a 16 percent in like a marker on your on your mirror every morning yeah it's just like because what you're gonna work like an absolute animal yeah i mean you're gonna go for but you can do anything for four months especially 27 you know anything for four months it's not four years it's not 40 years i don't want you to be a workaholic i don't want you to be out of balance with your life i don't want you to lose jesus and your. I don't want you to be out of balance with your life. I don't want you to lose Jesus and your kids and your family. I'm not talking about it. I'm talking

about four months. Pay your car off. And then you reverse this ridiculous mistake because the car is not ridiculous. Now, if you told me you owed $30,000 on the car and you made $40,000, I'd be going, dude, sell the car. That's just nuts. But it's not that expensive a car

as a percentage of $40,000. It's just this glaring idiot not that expensive a car as a percentage of 40 it's just this glaring idiot idiot idiot it just reminds you every morning that reminds me of my stupidity it's like i get an email every morning you're stupid you know i hate stuff like that and it just it would drive me bananas and so yeah that's that's how i want you to let this become a healthy righteous anger that causes you to drive through this four months and clean this mess up and that's how i would do it if i can't work up in your shoes kyle is with us kyle's an amarillo hi kyle how are you hi i'm good good how can we help so my question was how does okay so like how does a spender learn how to get in the habit of saving just because i i love to spend i have a habit of just spending and spending and spending

and i'm since now that i'm 19 i gotta get in the habit of saving while i'm young instead of keeping that habit of spending, spending, spending. Okay. Well, I'm a spender, too, so I can relate to that. Are you a spender or a saver? You're a spender. I'm a spender. You're a spender.

Yeah, Sheila's a saver. Yeah. So there's a couple of things. You need a reason to do it, a why. And right now, you don't really have a reason other than this feels like it's wrong but when i went broke and i had to learn okay i know i'm not a natural saver but saving money seems wise versus being broke which is kind of what you're saying kyle right and so how do i do that well what i figured out was most spenders, too, by the way, are generous. Are you fairly generous?

Yes, I love being generous. Okay. So what I figured out is if I invest and save, I have more money to spend and more money to be generous with. So it's like I have a reason now to save and systematically save to become wealthy because I can increase my generosity and I can increase my enjoyment with spending. And so I can spend now and not think anything about it versus spending and having this like financial hangover the next morning, wake up with a headache and go what did i do last night practically speaking kyle there's been seasons in my marriage where i literally give my debit card to my wife because i take cash and put my wallet so when it's gone i it is gone you set yourself a system to protect you from you put barriers in front of me until i it's like bumper lanes at the pool and i mean when you're bowling

i'm sorry not the pool when you're bowling so I'm sorry, not the pool. When you're bowling. So that I can learn, I need these guardrails. And that's me as a grown-up. I should know better. With a PhD in psychology, by the way. I've got to put some barriers in front of me so that I can get myself back on track. Yeah, put systems in your life that help you stay tuned to your goal. Right. you uh stay tuned to your goal right and uh you know and and so okay my goal is uh i i want to be a be a be a spender that's who i am but i want to do that with it with wisdom right and i my goal

is i want to be a saver so what do you do to what has to be true to cause that to happen? And, you know, an example would be an auto draft out of your checking account directly into a mutual fund that automatically saves for you. See, that's a system that turns you into a saver because you might not remember to do it. That's why you tell people to cut up their credit cards so you can't. Right. Chop them up. That's right. The same thing works for um your marriage right i got a few buddies that a hundred percent of the time they call they will i know they're

gonna ask hey man how's your marriage are you how y'all doing and there it's it's again it's a it's an accountability it's a check-in how are things going i know that's gonna happen every time we call right yeah and so it's having setting up those systems in your life that none of us are perfect. Not all of us are trying to figure it out. And, but I know where I want to go. So I know I've got to have

these accountability systems in my life. I'm so much of a spender that I used to think when you were leaving Costco or Sam's and they check your receipt that they were checking

to see if you really spent $200. No, you were, you want to know if you won that day. Would you check, see if I won? Is this scratch off? Is this the biggest one?

Is this the biggest one today? No, Dave. Sorry. I've got to go. If you don't spend $200, they point the finger back into the building and go, go get the six gallons of mustard. There was a family of nine that beat you earlier, Dave. You need six gallons of mustard.

Everyone needs six gallons of mustard, and you're not up to your $200. Go back in there. Five gallons of peanut butter. 55-gallon oil drums full of peanut butter. Oh, this is The Ramsey Show. This is James Child, 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.