The Ramsey Show - App - How Much Can I Spend on a Car? (Hour 3)

Episode Date: March 27, 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. Jade Walsh, all Ramsey personality, is my co-host today. I'm your host, Dave Ramsey. We're going to talk about your life and your money. The phone number is 888-825-5225. Sanjog is in Seattle to start this hour. Hey, what's up? Hey, Dave. Thank you so much for taking my call. So my wife and I were first generation Americans

and we did Financial Peace University about 14 years ago when I was still in the military, and we had a very low income. We had about $50,000 in debt back then, which we've since paid off. And we got all the way to Baby Step 7. We wrapped it all up, had a paid-off house, but we needed to move closer to work. So we ended up getting another house and another mortgage, but turned our old house into a rental property. So we've built our net worth significantly over the last 10, 14, 15 years. But we've lived obviously very, very frugally. And I want to buy myself a new car. Well, technically, we've always purchased used cars.

And I'm open to getting another used car as well. But I'm trying to figure out a budget for that car. I don't know how much to spend because we've never spent a lot of money on toys like that. So what's your income? A little over $300,000 take home every year. Okay. And this mortgage that you have, what's the mortgage on it? The mortgage outstanding is about $1.5 million. And what's your net worth? About $2.5 million. Good for you. Well done. Congratulations. Thank you. All right.

And so the car you're going to purchase, you're obviously paying cash for it, right? That is correct. We have about $140,000 in cash. Obviously, that's also our emergency fund included in there. So I'm just trying to figure out how much of that we can actually spend on the car. How much of that is your emergency fund? So I try to overdo the emergency fund, obviously, because we have a one and a half million dollar outstanding mortgage. Our mortgage payment is reasonably high. So I normally try to keep about $100,000 as an emergency fund

for us. So are you thinking of spending more than 40 on a car? Yeah. So we also have, you know, we're not buying right away. So we'll have some savings. We save about $10,000 every month from our income. And that's after the contributing to our 401k. Well, what do you want to spend? What do you want to spend on the car? Ideally ideally like what's the dream car we're talking about what does it cost well so yeah so i'm trying to spend between you know 50 to 80 and i don't know what the number should be in between that and if i should pull the trigger on something that's you know eighty thousand dollars yeah well the yes you're fine to do that uh because the rule of thumb is and don't own things all added together with wheels and or motors that equal more than half your annual income so you got a hundred fifty thousand dollar limit there

the other car is not that expensive so yeah you can afford the 80 if you pay cash for it and don't dip into your emergency fund yeah yeah and and you know we obviously have a bunch of brokerage account investments as well and so we would save how much is in your brokerage account that's not retirement a hundred thousand okay and how much is your mortgage again half million uh yeah and so our mortgage outstanding is about 1.5 million 1.5 okay all right so the last part of the conversation isn't anything you ask about but it is you need to develop a game plan to quit building up the brokerage account let's get this stinking house paid off i mean i have to do it today it's not an emergency but um you know i don't want a hundred thousand million

in brokerage while i got a mortgage okay yep i mean that's baby steps four five and six you start chunking everything 15 of your income aside for retirement everything else investment and savings was ten thousand dollars a month beyond your emergency fund plus your brokerage that's all going on this mortgage till we get the mortgage gone if we're not consuming it or giving it okay it should go you know we want to systematically clear that but that's that's a sidebar but yeah you can afford an eighty thousand dollar car if you pay cash for it and uh in your situation and you've done a great job congratulations all the way from 14 years ago broke in the military fifty thousand in the hole and now has a two and a half million dollar net worth and make it 300 so nice move well done first generation americans yeah that's awesome yeah very good well done it can be done boys and girls he did it so let me ask you a question right quick

in a perfect world in a ramsey world would you that would be a perfect it's dave's world we just live in it so he he had a mortgage that he paid off kept that as a rental and then picked up wouldn't have done that wouldn't have done that no i would i would have sold that house and put it in a lesser mortgage and get the mortgage just want to clear that up for the listeners thinking that that's a great move but i'm also not gonna just you know he called ask about a car he's here now pile on right two and a half million dollar success story that's right you know so you're good you're good but yeah we would have uh sold that might even sell it now yeah to clear in order to clear the mortgage that's what i was thinking but mortgage gone so i'm gonna start working towards that's gonna be my new goal

if i'm him all right daniel is on the line in Fort Worth. Hi, Daniel. Welcome to the Ramsey Show. Hi, Dave. How are you? Better than we deserve, sir. How can we help? So the basic question is, is $30,000 enough for my emergency fund?

And the background from it is I'm feeling very anxious, very nervous. My wife lost her job back in February. Has she been re-employed? She's starting a new job next month but it's about half of her income what it was. What was her income? Why is she making half? I'm sorry? Why is she making half? This is out of every interview she's gone to, this is the only one that's accepted her interview so far. Okay.

What was she doing? Administrative. okay what what was she doing uh administrative assistant uh she was the administrative officer at a building well it's not to say that if i were her i'd continue looking because it's only been a month you said she lost her job in february and we're not out of march yet and she's starting a new job so it's not to say that she can't find something to replace exactly what she was making or more. This is just her first. That's what I've been trying to encourage her to do. We just got out of debt last year around October. We saved up a $30,000 emergency fund.

Can you live on your income for a few months if you tighten up while she gets a job? That's kind of my question. No, it's not it's not my question you have every dollar budget that's what you need no we we we do it we do a paper budget all right okay can you can you live on your income yes or no yes i think so okay then you won't even be touching your emergency fund there's no reason for anxiety about it. The only anxiety is when she's going to get a proper job. Yeah, we're going to set you up with every dollar, though, and you're going to plug those numbers in,

and you're going to see exactly what it looks like to live on your income alone. And then she's going to keep applying for jobs, and she's going to find one that makes what she was making or more. Yeah, maybe more. Maybe it was time for a raise instead of half. Half sounds like I got scared. Jade Walsh, all Ramsey personality is my co-host today. Thank you for joining us, America. Folks, a lot of you have questions about taxes. We get it. Taxes are confusing. To help you get a better handle on them, we get questions all the time from our listeners.

Here's one. I'm a new business owner. What are the most important things I need to do to make bookkeeping for my business easier? Treat your business as if you are operating it for someone else. Don't commingle the funds at all. So you need a separate business checking account. 100% of your business income goes into that account. The only thing that comes out of that account are business expenses and when you pay yourself.

If you need to buy groceries or buy something for yourself, you take it out of the business account as paying yourself, put it in your personal account, and do so. Then your business checking account is instantaneously a cash basis accounting system. And it can be transferred fairly easily at a very primitive beginner level into some simple software, and your taxes are instantaneous. It's a Schedule C if you're a sole proprietor. It's really not hard to do. So if you have a complicated return, folks, you need to have someone help you with return. If you don't, go to Ramsey Smart Tax and get our Smart Tax software. It's very inexpensive. It's very easy to e-file that way. Boom, it's very, very quick. Check it out, ramsaysolutions.com slashcom smart tax if you need a tax pro to help you we've got our endorsed local providers that we've vetted that are excellent

to help you with a more complicated return ramsey solutions.com slash tax pro and tis the season boys and girls all right shane is with us in springfield. Hi, Shane. Welcome to the Ramsey Show. Hey, Dave. Thanks for taking my call. Sure. What's up? Well, a little bit of a complicated question. So I got divorced in November. I got the house, my two vehicles, and now working through getting the vehicles out of a joint name and to get that in care of, got the mortgage on the house at $177,000, um, trying to figure

out a, how do I get her name off of it? Since it was, uh, part of my property and the divorce decree, I've got about $9,000 in consumer debt and I've got a 13 and a 15 year old i'm trying to take care of with all this okay um so what is your household and what is your income um about 98 a year okay so you can afford the house well and that yeah for right now i can um my job was based off of being based in a different city, so I have a feeling they're going to pull back on my pay at some point because I'm not there. Because after the divorce, get the house, the kids, I now base out of Springfield instead of Kansas City. So I'm afraid they're going to pull back on some of my pay by probably about $20,000. Okay.

Do you leave there and go to Kansas City, or do you look for a new job? Well, that's what I'm leaning towards looking for, a new job. Okay. Because you're probably worth $100,000. Yeah. I mean, in my field, I'm probably on the very high end in my field. So about $80,000 is probably going to be the peak if I go somewhere else. Okay.

Or do you move to Kansas City? Well, the hard part is, I mean, the investment with the kids here and the family. And, I mean, I'm in that neighborhood, in that area where I can leave my car unlocked by accident and not have to worry about it. That's all well and good if you can afford it. Right. And the house, do you get it as it is, or is there equity that she has to get out of it? How was that decided? She walked away with basically her clothes in the rice cooker, and that was it.

I mean, she said, I want out, and left. Wow out and left wow gracious what a heartbreak i'm so sorry so you got everything including the kids yeah well i mean so we have joint custody on the kids but she doesn't she doesn't really do anything to help so it's just basically me so and there's no child support coming to you? No. Okay. So you basically have the same exact lifestyle financially as far as the debt and the bills, but one income is what you're saying? Well, no. It's always been one income. She was a stay-at-home mom for 13 years. Okay.

All right. So really nothing's changed as far as that. So the second car you are now in possession of was her car? No. So we had a truck that was an inherited truck it's paid off i had my car i just paid it off um two months ago so most vehicles are frame clear okay so the truck's just sitting there well trucks for the 15 year old he's learning how to drive so it's going to be his mode of transportation. And it's not an expensive truck. I was about to say, what's it worth?

It's an 02 Silverado. So it's just the mortgage. What else is there? The mortgage and the divorce debt? The lawyer fee? Well, so there's a $9,000 of my consumer debt that I took. We divide up our expenses. Yeah, the only way to get her name off the mortgage is refinance it.

Right. That's the scary part because I'll be gaining 2% probably on the mortgage unless the rates go down. Yeah. What's the timeline requirement in the divorce decree for the refinance? There was no timeline. They didn't set a timeline on it. That's stupid. It wasn't written in.

Okay. Let's just say if you did that refinance sooner than later, what does that put you at as far as monthly? How tight does that make it for you? Well, we'll probably add another $200 a month. I've already kind of done the numbers a couple different ways. When was the divorce final? November

Let's see, the Tuesday before Thanksgiving So I don't remember what date that was But it was November of last year How are you and the kids doing emotionally? It's up and down You know, they're They're having to go from seeing her every day To seeing her for a couple hours

On Saturday You know, just, I mean they're having to go from seeing her every day to seeing her for a couple hours on saturday you know just i mean or you know if at all they're in the week stuff okay but my biggest fear too is she's probably got 45 000 in credit card debt that she accrued while we were together she took with her he's got her name only on, right, but they've already, she put me as, like, authorized user on some of them. Authorized user doesn't make you liable. Okay. Well, I was, well, of course, again, I've listened to broke people for most of my life, but I was told that they'd come after me if she defaults.

No, they can't. You didn't sign the card. Yeah. You didn't co-sign the card. Okay. I can put Jade as an authorized user user and it doesn't make her liable i hope i didn't i hope i didn't co-sign the card well check your credit check your credit report and see what's on it and because anything that you used your credit for is going to show up on there so check and make sure because if you can get ahead if there is something you want to get ahead of it close it out pay it

off be done with it. So your question is how to stabilize the situation, okay? First thing we got to do is address the pain and the heartache and the emotions. The second thing is address the job and decide what's going to happen there. Are we taking a new job? Are we going to take a pay cut? What are we going to do? And then and only after those two things are settled, am I going to worry about refinancing the house?

There's no rush. Right. And I don't know what rates are going to do. I don't know if they're going to go up or going to go down. But at the end of two years from today, you should have refinanced this and had, you know, completed the break. You need a clean break. You don't want to drag it out forever. But, you know, that will give you time to get the rest of the stuff done.

You might do it in one year if the rates drop a little. If you see them dip and you've got things stabilized on the job, jump over there and get the refi done now, right? Right. So I guess the question would be should I throw everything, you know, just kind of, I mean, not new to your system, but just take everything, try to get rid of the consumer debt, maybe throw some money in. Yep. Build an emergency fund. Yeah.

Get rid of the consumer debt, build an emergency fund. Baby steps one, two, three. And addressing the job really does come before the mortgage situation, because if you decide to move, then that makes that decision for him. He's not taking the house with him. If the job situation changes and you're not able to stay, there's no point in refinancing. That's right. So if it changes real negatively, it might go up. You never know.

Yeah. But he would have to get her to sign off on the sale if he doesn't refinance. I don't know whether they did a quick claim deed in this or not. They could have done a quick claim deed. She could be on her to sign off on the sale if he doesn't refinance. I don't know whether they did a quick claim deed in this or not. They could have done a quick claim deed. She could be on the mortgage and not on the deed. That's a good point. Okay.

So usually, based on what he told me, I was assuming she'd done a quick claim deed. But we'll see. This is The Ramsey Show. Jade Walsh, our Ramsey personality, is my co-host today terry's in chicago hi terry how are you hi mr ramsey i'm fine thank you for taking my call sure what's up um i basically i'm a single parent um i have a 16-year-old who is interested in working, so she is new to the working world. She's been on her job for a couple weeks now. She will be receiving her first payroll check this week. And I kind of got stumped because I know that I'm trying to get myself to financial freedom. So I kind of got stumped on trying to give her advice on what to do as far as investing,

like which route should she take as far as investing. I want her to be financially secure in her future. And I thought of you when I thought about that. I'm like, you know what, let me call Mr. Ramsey because maybe, you know, you all could give me some pointers on just guiding her on what to do while she's fresh with everything. That's very kind. Very good, good mom.

Good for you. Yeah, I just don't want her to fall into the same rabbit hole that I did, you know, listening to everyone. I have student, you know, student debt. And well, this is a good time to bring up. This is a good time to bring up, obviously, the conversation of college if you haven't already. And then, you know, we always teach there's three things you can do, give, save and spend. And so teaching her the balance of that. And obviously, like you said, you're still trying to get your financial situation together. So now

is a good time to teach, obviously, not only what to do, but what you've seen not to do. Don't fall into the trap of debt. And that's a great segue into the college conversation. Because if she's starting to work, this is an opportunity for you guys to start talking about school, her saving up for school, you telling her what you have saved or don't have saved for her school. So right now, at that age, the two thoughts I have are college and car, and that's about it. No investing. There doesn't need to be any investing.

She's 16. That's right. She's got some things right in front of her she needs to work on, and she needs to learn to make money and control money and start discussing going to a school that we can afford. And that may mean community college for a couple years. Definitely in-state. A lot of areas that's free.

It would certainly mean in-state unless you've got a big pile of money. And so, you know, we start shopping that. We start looking at that and say, okay, we need to start setting some money aside towards that or towards your car, if you want a car or towards whatever but no she doesn't need roth iras and it doesn't need to be an investing genius while she's still got cars and college in front of her um that those are the things that are going to take her money right now and some spending and some generosity and uh but but the good news is you're asking the right

questions and you're heading in the right direction good job dustin is with us in north dakota hi dustin welcome to the ramsey show hi dave uh thanks for taking my call sure what's up uh i got a question um i just became a new well just on that i'm gonna be a father here in the next year. Congratulations. Thanks. And I'm kind of freaking out a little bit about money. I shouldn't be.

I'm not in a hole that much or anything like that. But I got a $30,000 auto loan. And then my wife has $22,000 in student loans.. Well I'd say that's a bit of a hole. Yeah a little bit but I'm not struggling by no means. When she graduates here in May the job she's got they're going to reimburse her 16,000 over the next five years for student loans at 3,200 a year. My question is, I guess, is do we continue to focus on paying those down? Yes, you need to get rid of them. Don't wait five years.

Don't let them pay. I'll let them pay some of it while you're working on the rest of it. I mean, pay the car off, pay the student loan off last, so you may get two years' worth of this or something. But we're not going to stay in debt just so these goobers can give me $3,000. Okay. What's your household income now? What do you make?

So I do a lot of traveling for work. My base salary is only supposed to be about $58,000, but the last two years I've made six figures, $100,000. Okay. And what will she be making at the new gig? She told me $23,000 an hour working at a hospital. Okay. So you all will be making $100,500 a year then?

Okay. Yeah. And plus or minus her overtime, right, if she picks that up. And so, yeah, we'll take advantage of that. But with $150,000 a year, you've got $57,000 in debt. You need to clean it up. Yes. Now, immediately.

The faster you clean it up and you don't have any payments, the faster you're going to build wealth. Okay. Do you have any money saved? Yes. I got $10,000 in for an emergency fund and then i have 4 000 and just a normal savings account okay so in a in a normal non-baby coming life i would have told you to clear that 14 000 down to 1 000 and pour it all onto your debt but technically

since you're having a baby this is a time to stack up money and stack up what you can. And then once baby is born, take all that money, including that $13,000 that you had sitting there plus whatever you have saved and throw it at the debt once the baby gets here. Okay. Yeah, exactly. And I will, you know, your debt snowball is you have two debts that are basically equal or very close to equal.

And I'll pay the student loan off last so that if you get two years' worth of the $3,200 from her job, we'll take that, throw it towards the $27,000, and just knock that car out really, really fast after the baby comes, though. Okay? Yeah, because we live comfortably just fine on my paycheck alone. No, you're not. Quit saying that. You're $57,000 in debt.

You're freaking broke. You're not. You shouldn't. If you're comfortable, you shouldn't be. Well, and that's the problem. If you feel comfortable with this, you're going to pay off this car, and when the time comes to get a new car, you're going to get a car payment. Do it again.

Yeah. Don't be comfortable with payment. Do it again. Yeah. Don't be comfortable with this. It's bad. You know, just because you got used to it doesn't mean it's good. And just because you can pay your bills and, you know, make it through Friday, but you're not prospering when you've got $57,000 in debt hanging around your neck. Yeah. That's a dirty diaper.

It's warm, but it's mine.'s warm, but it's mine. Smells bad, but it's mine. Oh, my. Okay, there we go. Here we go. Here we go for sure. All right, open phones at 888-825-5225. Clint is in Mobile, Alabama.

Clint, what you got? Hey, how's it going? Better than I deserve. How can I help? Well, great. Well, me and my wife are expecting our first child. Yeah. We're super excited about it.

But we're trying to decide if we should sell one of our cars to help pay down on some debt. How much do you owe on it? So we owe about $39,000 on the car. What's it worth? And it's worth about $32,000. Okay. And what's your household income? $80,000. Okay. And how much other debt do you have? We have about $7,500 in student loans, but other than that, that's it. Okay. And the other car is paid for? Yes. And it's worth what?

It's worth about $26,000. Okay. All right. Well, a good rule of thumb is to not have more than about half your annual income in things that have wheels and motors, and you're violating that because you've got a 26 and a 32 right right right so 58 and you make 80 yeah yeah so yeah i'd sell the car you have too much you have too much car okay okay um so in this time that we're i mean we're still pretty early on in the pregnancy uh it's not it's not necessary you sell it before the baby comes but you know over the

next year or so i'm going to be out of this thing and being something i can actually afford you bought a car that's your two cars added together you have too much tied up and things are going down in value and so that's where we come up with that. It's a formula that, you know, all Americans, we love our cars. Man. And we love them to the point that they end up owning us if we're not real careful. We have so much invested in things that are going backward, we can't figure out why we're not prospering.

Because all the money's tied up in stuff that's going down. If you had a mutual fund and what your car did, you'd have a fit. This is the Ramsey Show. Our scripture of the day, Galatians 6 9, let us not grow weary of doing good. For in due season we will reap if we do not give up peter marshall said most of us know perfectly well what we ought to do our trouble is that we don't want to do it alisa is with us in chicago hi alisa how are you good how are you dave and jade good how can we help so i am a 23 year old college student majoring in finance and economics, considered a homeless student.

I was raised by a single mother and breaking a lot of family curses and a lot of first-generation college students. And that is all to say, you know, I want to create financial freedom for myself, and I believe I have the right mindset of doing so, and this pertains to my question of me being a believer in God, and how do I handle the comments people make, not necessarily financially saying that I can never get there, but why should I in the first place? Like, why would I want to? The mindset of being financially free, and they say, you know, Jesus says it's easier for the camel to go through the eye of a needle than for someone who is rich to make it to heaven, which is true, but they pretty much make it seem I'm evil or I'm doomed given I want to be wealthy. And, you know, I know being wealthy requires intent, so I have to stay focused, but it's starting to mess with my mindset of like, oh, like, is this wrong? You know, because I value Jesus.

Who are the they that are saying these things to you? Just people I come in contact with, whether it's like, you know, even family or. Well, honey, you're going to come in contact with ignorant people your whole life. Yeah. I just, I wanted to know like. I don't mind answering it for you, but we can't fix their biblical illiteracy. Okay. So I can, for instance, I can take that scripture and let's talk it through.

Okay. So that comes from the story of the rich young ruler who came to Jesus and he said, Master, I want to follow you. And Jesus said, go and sell all that you have and serve the poor and then you can follow me. And the story says he went away with his head hung low because he was very wealthy, and he didn't want to sell his stuff to follow Jesus. And Jesus turned to the disciples and said, I tell you, it's easier for a camel to get through the eye of a needle than it is for a rich man to get into heaven. Okay? And the disciples, if you keep reading, were greatly amazed.

They were blown away by that statement because it was believed in those times that wealthy people could buy their way into heaven. And so the disciples said, who then, Master, can be saved? And Jesus said, no one can be saved. No one comes to the Father except through the Son. Meaning that this is a teaching on grace through the cross of Christ. It is not a teaching about wealthy people not going to heaven. Wealthy people don't go to heaven, nor do poor people go to heaven,

except through the Father, through the Son that gave his life on the cross. That's the teaching that Jesus was doing there. So what you have here is someone who's doing Twitter, or worse than that, TikTok doctrine, meaning they've abbreviated it and didn't follow through and read the whole thing, so they don't know what the flip they're talking about, because it's not what the Bible is saying, nor was it what Jesus was saying. He wasn't saying you can't get to heaven because you're wealthy. He was saying that young man didn't go to heaven

because he wouldn't follow Christ, not because he wouldn't sell his stuff. But Jesus looked into his heart and said, you have an idol in your heart, and you have something between me and you, and it's your stuff. And so if you worship stuff, you have a problem. That's not a Christian act.

Christians aren't supposed to have idols. As a matter of fact, most of us that are believers actually believe that we don't own anything. We're managing all of it for God, and part of our management is to take care of our own household first or we're worse than an unbeliever right so this is someone who didn't finish reading and because they grew up poor and they heard poor stuff and somebody told them in a poor church somewhere that being poor is somehow holy poor is not holy rich is not holy. Rich is not holy. Holy is holy.

And this is somebody that's jealous and small-minded and so forth, because they don't deal with scriptures like Deuteronomy 18 that says, and you shall remember the Lord your God, for it is he who gives you the power to get wealth. Why would it say in the Bible that God gives you the power to get wealth and then say you can't get to heaven after you did that? That would be inconsistent. But it's not inconsistent because that isn't what Jesus was saying. And he didn't say that money is the root of all evil, did he? You know, Alicia, you know he said that the love of money is the root of all evil.

And so this is a form of heresy it's called gnosticism that has invaded the poor mouth american christian and here's the real problem with it it's actually so statistical off statistically off that it's astronomically bad so those people if you were to ask them that made those ridiculous statements okay if you were to ask them that made those ridiculous statements, okay? If you were to ask them, so you're saying the people with the top 1% of income in the world would be named wealthy? Yes. And you would be saying those people aren't going to heaven?

Yes. Well, here's a startling number for you. If you make $30,000 a year, you're in the top one percent of income earners in the world so you're going to hell based on that ridiculous doctrine that is so biblically illiterate okay and so that you know you but you can't convince those people of that but this is how you know once you understand that then this gives you permission to go be the winner that you're planning to be without guilt now i don't

want you to worship money and i don't want you to be a greedy jerk i always want you to be generous those will be christian activities i want you to put others first i want you to be thoughtful i want you to be managing all of this money in a way that bring makes god smile and it takes care of your family and takes care of your community and but guess what poor people don't feed hungry children rich people are the ones that feed them you know who's getting people out of haiti right now rich people that's who's getting paid the orphans i was with a friend this week and they dropped some serious money getting 15 orphans out of a cave to keep those gangs from raping them and turning them into sex traffic. It wasn't poor people did that.

These rich guys chartered a freaking helicopter with some ex special forces guys went in and got 15 kids out. That won't be on the news. But rich guys that are in America kids out. That won't be on the news. But rich guys that are in America did that that are Christians. Poor people didn't do that crap. I'm just telling you. So this is what you do when you get some money.

You serve the poor. You take care of people that are hurting. You lift people up. But you can't do that when you're freaking broke. This is how stupid this doctrine is. This wrong toxic version makes me angry can you tell yeah i wanted to give you the slow clap but it's not appropriate so good hey lisa i'm going to send you a copy of the book i did on this subject um it's called the legacy journey and it's got a whole bunch of these things in there that i just outlined for you

and it'll help you. Give you permission to win. But what you've got to do is you have to be careful who you let have your ear. Don't let these people speak into your ear. Like you said, you're breaking generational curses. And, you know, I grew up in a neighborhood where people said stuff like, little man can't get ahead. Rich man always holds the little man down. And if you believe that crap, you're always going to be a little man can't get ahead. Rich man always holds the little man down. And if you believe that crap, you're always going to be a little man.

But I grew up in that neighborhood, and I'm not, you know, I'm so stupid. I had to become a millionaire twice. So I had to do it two times just to prove it could be done, I guess. So you're a rock star, kiddo. You're amazing. And don't let anyone tell you you shouldn't or couldn't or or won't win go win dave i'm not going toe-to-toe with that i'm not going toe-to-toe with you on that that's great that that's one of the best i'm gonna call it a rant

that's one of the best rants i've heard in a long time i think a lot of people need to hear that well i mean it's just the it it's it really hurts me because it it violates our faith yeah it does it's an inaccurate portrayal of our faith and so then it means everyone who says they're a christian that's wealthy that started from nothing and built wealth is going to hell how ridiculous is that it's absolutely ludicrous. And it's obviously not what Jesus was saying. That's right. So my goodness. Good word. That puts us out of the Ramsey show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. We'll see you next time.