The Ramsey Show - App - How Should I Choose a Retirement Option? (Hour 2)

Episode Date: August 24, 2022

Dave Ramsey & Rachel Cruze discuss: Being sued by a payday lender, What questions to ask when making a will, How to choose a retirement plan, Why you shouldn't lend money to family (or anyone else), Whether or not to wait on student loan forgiveness to kick in.   Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6   Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

🎵 Live from the headquarters of Ramsey Solutions, 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. We help people build wealth, do work they love, and create actual amazing relationships. Thank you for joining us. I'm glad you're here. Rachel Cruz, Ramsey personality, number one best-selling author. My daughter is my co-host today. Thanks for being here.

888-825-5225. Gina is with us in Tulsa, Oklahoma to start off off this hour hi gina how are you i'm good how are you doing better than i deserve what's up so i am actually being sued by a payday lender and i would like to know how to go about dealing with this wow life must be rough yes a little bit. I mean, number one, you went into a payday lender, and then number two, you didn't pay them, and then number three, you didn't pay them for so long that they sued you.

You've been struggling a while. Yes, it was in 2016, and yes, I should have paid, and I can't remember exactly why I didn't pay at this point, but yes, now they've contacted me and are trying to sue me. Oh, they're going to win. They're going to win. How much is it for, Gina? So the actual loan I took out was for $400, and then it was going to be like $600 to pay back. But now they're saying that I owe like $2,500 for like court costs or things like that.

Well, and five or six years worth of interest. Yeah. Because you haven't dealt with this. How old are you? I am 31. How many other things in your life have been unkept for this long? There's that payday loan, and I think I have some student loan debt as well you don't think you know yes i know okay and have you done anything about it or is it just sitting there since 2016

um before the pandemic i had reached out to them to try to set up payments, and then because of the pandemic and all that, I haven't made any payments. When did you graduate? So actually, I didn't end up graduating. I went to dental assisting school back in, like, 2010. Okay. What do you make now? What do you mean, what do I make?

What is your income? Like $30,000 a year. What do you do? I'm a CNA currently. Okay. Do you have any money? Yes. How much?

I've probably got about $4,000 in the bank. Good. Call the attorney that's suing and tell them that you're broke and you can't pay them $2,500, but you'd be happy to pay them the $600 or even $1,000 to settle this because it's such an old debt. And begin to negotiate and argue with. And you will find the person on the other end of the phone to be a complete twerp.

But that's just part of the process. This is going to be unpleasant, but it's going to be less unpleasant than losing a lawsuit and having them garnish your wages. Yes, and I've already tried contacting them via email, and they wanted a copy of my pay stub. No, no, no. They get no information. I'll give you $1,000 cash, settlement in full. I'm not giving you squat.

Kiss my butt. This is how the negotiation sounds. Okay. No, you can't have anything, but you need to get on the phone with them. Okay, so it's better to call, not yeah yeah and just argue with them and if you get any if they are going to settle you need that in writing before you send them money as well then when you do come to agreement and they go okay we'll do eleven hundred dollars or whatever it is you end up nine hundred dollars whatever it is you end up agreeing for okay then say i need that in an email in writing,

and I will immediately wire you the money. So two rules here. Three rules for you. Number one, deal with this. Yes. You've been sticking your head in the sand long enough. Deal with it. Because it's not going to get anything but worse.

Same thing with a student loan. Deal with it. Number two, get it in writing okay it didn't happen if it's not in writing it's a lie they lie okay okay and they don't mind lying to you because they consider you a liar since 2016. okay so get it in writing number three no electronic access to your checking account under any circumstances they're going to say oh just give us your account number and we'll clean out your account is what they're going to do then you want the money for rent okay so no i will wire you the money or i can send you a prepaid debit card with that amount on it, or something like that.

But no electronic access to your checking account, and no personal information. Do not give them any more information. They have a phone number on you, and you can block that if you need to. But don't tell them where you live. Don't tell them anything, because they're going to use all of that as leverage to garnish your butt if you don't but don't tell them where you live don't tell them anything because they're going to use all of that as leverage to garnish your butt if you don't get this settled okay and but deal with this jana there's a pattern with you and you've got to break that pattern okay for your own good for your own good this stuff does not get better by ignoring it.

Do you understand and do you agree? Yes, I understand and I agree. Good. Okay. Because you get these things behind you, you've got a bright, wonderful future. But not dealing with things since 2016 is a problem. And then you use language like, I think I have a student loan. No, you know you have a student loan.

This all indicates where your head space is on this. It's that and the proactiveness, Gina, which obviously we can't do for you or change your heart in this or your energy behind it. But when I hear people use that language, even it's like she knows it's there. She probably doesn't know really how much specifically the interest that's occurred. It's kind of all over the place. Den denial is not just a river in egypt though i mean that's really it's it's not it's something that it's something that people actually do and so so yeah how do you spell that you've got it you have to you have to push this through okay and so the number one habit of highly

effective people in stephen covey's book the seven habit of highly effective people in Stephen Covey's book the seven habits of highly effective people is they're proactive they happen two things things don't happen to them when you have a situation where there is conflict and you do not get closure on it whether it's financial conflict legal conflict whether it's uh relational conflict whatever it is and you don't get closure on it it does not get better it gets worse yeah 100 of the time it gets worse until there's closure it just continues to grow and grow and grow and grow and get worse and worse and worse and worse it's a problem so there you go open phones at 888-825-5225 how many times have you found yourself saying one day one day day, one day we'll do this?

Well, your one day is here. It's called the One Day Smart Conference. We're going to work with you on marriage, on mental health. We're going to work with you on success principles and leadership. We're going to work with you on becoming a Baby Steps millionaire, world-class speakers, thought leaders, best-selling authors. Rachel Cruz, Dr. John Deloney, Craig, and Amy Groeschel will be speaking on marriage. It's all day long, October the 22nd.

There's just a few passes left at $39 for general admission. Dallas, Texas, October 22nd, the Smart Conference. You don't want to miss it, and it's almost sold out. Get her done. This is The Ramsey personality is my co-host today open phones at 888-825-5225 our question of the day comes from blinds.com. They're the number one online retailer of custom window coverings with free samples, free shipping, new promos all the time. You'll save even more. Use the promo code Ramsey to get the best possible deal. So today's question comes

from Holly in Tennessee. My brother and sister-in-law asked my husband and I if we would take care of their four children in the event of their passing. To me, there is no higher honor. We have agreed, but I'm worried that I do not know the right questions to ask about this potential situation. What should I be asking for besides

a copy of their will? We want to be as prepared as if this would ever happen. It's a good one. Yeah, it's very good. That whole process is a fascinating one to have to pick to say, okay, you know,

because when you do your will, that's a big part if you're a parent of where they're going to go. So yeah, for me, I mean, I would want to know, you know, the financial side in a sense of uh what their expectations are who's going to be handling the money who's handling the money when do the kids get a say in it you know because you can put ages 18 21 do you are they going to stagger it to know

i would want to know their plan from the financial from the financial side um but and then obviously the the moral side you know of raising these children that are not yours and you know having that conversation of what that looks like watching their parenting style doing as much as possible not to copy who they are by any means but um to be able to put into place you you know, different things. But that's obviously when or if that ever happens. But from the financial side, yeah, I would ask some questions for sure. I think it's good to have a copy of the will, and it's good to have a clear discussion on if there's any, is there any life insurance proceeds or any other things that are going to be left

to take care of these kids, or are you expecting us to feed them? What's our responsibility that we just took on here and um well that you know we're going to leave it all into a trust and the trustee is going to be bob okay good as i need to know that and so and how much is left in the trust i don't need any of it but i just want to make sure i'm able to do what i'm supposed to do here and then I would have them write out a letter on uh what their wishes were as far as parenting goes you know and so you know like in our family it would have said something like um keep make sure you keep them in a good local church stay plugged in you know and that their spiritual walk is developed uh and so forth um and you know we

did have a lot of things like that tied into when you all were minors uh into the uh into the estate plan at the time so but yeah that's very good that they are that thorough uh to even know who to ask and the fact that they're doing a will that's amazing a lot of people don't even bother to do that which is horrible you people need to get your will done out there um but then you guys what holly's doing here is just really outstanding it's thinking about okay what does this really mean and um you know that's that that's so much that that means that they picked the right lady. Picked the right person. That's good. David is with us.

David is in South Bend, Indiana. Hi, David. How are you? I'm doing great. How are you and Rachel doing? Better than we deserve. What's up? So, Dave, I just wanted to first thank you because of your teachings,

and we followed it. We will be and me and my wife and I will be entering Baby Step 4 for 2023. Yay! So my question is, two small questions. So I'm not really good when it comes to the whole, you know, where to invest for my 401k plan. So previous employers I had only offered the pre-tax before. So now I started a new employer in April and they have three options, a pre-tax, a Roth and an after-tax. So my first question is where should I put my 15% based on those three?

And then my second question is, since we still are paying on the house, how much percent of our income should we put towards fund money? Good for you. Roth grows tax-free. The best thing you can do is get a match. The next best thing you can do is tax-free, and the next best thing you can do is traditional. And so you've got Roth available. I'm sorry? Yeah, they match up full on the first percent, and then I think it was 50 on the two through six. Yeah, great. Now, the matching portion will not be Roth.

It will be traditional. By law, it has to be. Okay. But the rest of it is Roth, and do it all in Roth. As far as the money that is left over after you've done that in your budget, how much goes towards paying off the house early and how much goes towards fun? If you do zero of one or the other, you're doing it wrong. So zero towards the house because it's all fun?

No. All towards the house and no fun? Makes Jack a dull boy. Yes, it does. Makes what? It's an old nursery rhyme this is why i have you on the show so you learn these important this is the this is the hour of important sayings that you never heard slowly i'm not kidding say it slowly jack is a dull boy jack is a dull boy makes jack no fun makes jack give us the give us the rhyme

david we're good all work and no play all work and sorry david yes but a dull boy. Give us the rhyme. All work and no play makes Jack a dull boy. David, we're good. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. It's both. And David, you know, when it comes to paying off the house, I think it's always a fun exercise just to map out and say, okay, what if we paid it off in seven years? How much would we have to spend? What's that take?

Yes. Yeah. How much would we have to put towards the mortgage to make that? Let's do 10 years. let's do four years and you can kind of see and know your over your overall budget for your household and say okay well what's realistic that we don't we're not completely burned out uh but we are being aggressive towards something that most people just sit around wait are you laughing at me is everyone still laughing at me no i'm I'm not. They are in the booth. I look over and you're smirking at me. They are in the booth, but I'm not. Y'all are unbelievable.

It's all dudes now in the booth. Everyone listening doesn't care, but Kelly used to be, there used to be some women. Yeah, like Kelly took up for anybody. I mean, Kelly didn't take up for nobody but Kelly. And me. Now it's me against the world. Oh, bless you. Get me the world's smallest fiddle out.

Okay, open phones at 888-825-5225. Skyler is with us in Illinois. Hey, Skyler, what's up? Hey, Dave, this is great to talk to you. You too. How can we help? So I have a question on upgrading a home. We currently own a home. I have a mortgage on it. home. We currently own a home.

I have a mortgage on it. We're looking to get a bigger house. We're currently debt-free other than the mortgage. And I make about $74,000 a year. My wife is a stay-at-home mom. We have an eight-month-old currently, and then we have another baby on the way in February. Yay!

Congratulations. Thank you. So your question is what? So I just want to know, is it good? Should we pause investing 15% or cut back on that right now to start stockpiling for a down payment on a bigger house. What's your house worth? It's currently worth $120,000. And your mortgage on it is what?

$75,000. You already have a down payment. Okay. When you sell that. I mean, if you want to save more for a down payment, I would do that, but I would not stop investing to do that okay gotcha you know what what price range home do you think you might be moving to probably somewhere in the two hundred thousand dollar range okay well fifty thousand dollars is 25 down okay right correct so you don't have pmi if you do this and that's a good move so you can make

that move as long as your house payment is no more than a fourth of your take-home pay on a 15-year fix you can make that move now okay because you got enough to put down when you sell your house is that making sense yes i guess yeah uh if you want to save up some more down that's okay too there's no harm in that but it does not require that you you don't have a lot of margin a lot of wiggle room in your budget but it doesn't require you stop your 15 you've just started saving you just started investing i hate to turn it right back off i mean you're just now getting the ball rolling. Yeah. And I don't want you to lose that momentum. Open phones this hour, 888-825-5225. This is the Ramsey Show. សូវាប់ពីបានប់ពីបានប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់ពីប់� Rachel Cruz, Ramsey personality, number one best-selling author.

My daughter is my co-host today. Open phones at 888-825-5225. Zach is with us in Sarasota, Florida. Hi, Zach. Welcome to the Ramsey Show. Hey, Dave and Rachel. How are you? Great. What's up? My sister wants to borrow about $5,000 from my

wife and I about getting paying bills and just getting through life, but she has no budget, nothing like that that you preach about, and we're just trying to figure out how to approach the situation

without causing a rift and go about it. Hmm. Well, it doesn't sound promising that this $5,000 is really going to help her. Would you agree? No, it would be more later on. It's more for legal things and house and rents going up, as you know, with everything. Legal things? What are legal things?

Divorces. She's going through a divorce? Yes, sir. So she wants you to pay her attorney bill? Pretty much. Okay. Why is she going through a divorce? It's just a rough divorce and rough marriage and getting through everything.

It's just not right for her. She tried to amend everything and it wouldn't be. It's past it. And you feel like though she has a pattern in her life where you don't trust that. Yeah. So you're calling us, but you know in your heart, probably not going to happen, but you're wondering how to even communicate that or how can we best help?

How much money do you guys have? We're debt free. How much money do you have? $500,000. Yes, sir. Okay. And how much do you have in savings and checking and so forth that you get your hands on? About $300,000.

Okay. That's going towards our home. That's already invested money into our primary homestead home in Florida. I'm sorry. Is that cash in a checking account or savings account, or you've already paid? Yeah, that's, that's, no, that's, we're building right now. Oh, you're building, and the money is for your home.

We're building a home. I got you. Correct. So this money's earmarked for your home. But $5,000 won't mean you don't get into the home if you use $5,000. So $5,000 in your life isn't as big a deal as it is in her life well so here's the thing um no i would not i would never under any circumstances loan anyone money particularly people i love because it changes the nature of the relationship to borrow or slave to the lender the odd thing is

she will end up resenting you for this later because she will feel like a slave and she won't even know why it's just weird and so uh but what i would be willing to do is to give it to her under certain circumstances if i am participating in her healing and moving towards sustainability fine if i'm participating in chaos which is what her life appears to be if i'm participating in irresponsibility disorganization and no plan whatsoever to change that then i'm just giving a drunk a drink i'm an enabler that's really not an act of love then you're right yeah if you love me you would give me the money and not require me to change no the fact that i'm requiring you to change as part of the gift is because i love you as a matter of fact it's the only act of love in the whole process so does she live in your town

yes okay she does um recommend you and your wife sit down with her and have a cup of coffee and your wife doesn't need to say anything because she'll end up being the bad guy not because she's her opinion is not valid but because i don't want her to be the bad guy this is your sister okay but your wife my wife i'm sorry go ahead she asked my wife for the money first and then my wife told me about it yeah but she went to her first yeah that doesn't matter you sit down with the two of you so you show a unified front and you say listen here's what you got a lot of pain in your life i'm sorry for what's going on i want to be a help to you.

We will not loan you the money. But I will give you the money under these circumstances. You're going to go through Financial Peace University. You're going to get on a budget. You're not going to borrow any more money. You're going to get and keep a job. And you're going to get in a position to pay your bills and be a responsible adult for the rest of your freaking life.

And this is your brother talking to you because i love you and she's likely going to say no thank you or she's going to say yes okay i can do that and in her heart of hearts probably wants to because everything you just listed out sounds good and then when you get in the middle of it or you start it and it and then and then it goes off so that's my thing a little bit about the strings attached with the money like i totally understand what you're saying but also he can't make her do those things so if you go about that which i'm not saying is is wrong because of what dave just said but also zach like you have to emotionally let go that you you can't force her to do anything you can suggest and and but you're

going to give her the money i'm not going to give her the money up front until she does some things she's gonna i'm gonna see some action okay yeah that's fair does she work uh yes she works for herself she's self-employed does she make any money does she have kids. Yes, there are children involved. She makes money, yes, but it's all going towards bills and everyday living expenses, rent, food. Does she make enough to support the household after she's divorced if you help her with $5,000? No. So she doesn't make any money? Correct. There's nothing saved.

Compared to her lifestyle, too. She needs a job. And to maybe move. I mean, like, seriously, if your lifestyle is at a certain point. If this was not your sister and you sat down and just looked at the math and told her what to do with the math, that's what you need to tell her to do. Yes. I've got to get your income up. I've got to get your outgo down.

That means you probably can't live in this house. It's too expensive. Or you can't continue to work this crummy small business idea that is not really making you any money. And it's an excuse for you to not work, really. And so you've got to go, like, 9 to 5. And the kids are going to be in daycare. And I'm going to help you with all that. We're going to coach you. We're going to be your biggest cheerleaders.

And we're going to walk alongside you. And I need the money for an attorney, okay? I'm going to pay the attorney directly directly i'm not giving you the money and uh and i won't be on the phone with the attorney i want to know what's going on for the five thousand dollars i'm giving or the three thousand dollar retainer i'm giving him the two thousand dollars is going to these bills okay i'm gonna write the check to those bills directly when the ramsey family foundation comes into someone's life who's having financial trouble, we pay the bills directly. We do not give them a check. Zach, do you think if you

sat down with her, because I don't know what y'all's relationship is, obviously, never mind, but like when you sit down with her and say, hey, here's what we see just from a math side, this, this, and this, and after the divorce, the right like like not like this isn't going to work mathematically so we're here to help problem solve to figure out how to get your life stable where you can breathe again and if you give suggestions is she the type that will she want to hear it does she want help but she just doesn't have anyone in her life to walk beside her or not it just depends on on how she feels at times sometimes she just wants the money and sometimes she doesn't want to hear anything but the money yeah yeah yes or no and the answer to that question is no if all you want is money and you don't want any help, real help, no. I have no desire to participate in your crazy.

I'm not funding it for you. When you decide you want to get things straightened up, I'll walk with you in a process to help you get things straightened up. We'll pay for you to go through Financial Peace University, and we'll give you the money, but don't loan her money. Loaning her money means you expect for it to be paid back, and it changes the quality and the tenor of your relationship and i would not do that i would love her well and be very generous and give

her money if you're helping her get traction back to sanity and sustainability but i don't want to participate in crazy and chaos and fund it well this This is The Ramsey Show. Rachel Cruz, Ramsey personality, is my co-host today. Open phones at 888-825-5225. Marita is with us in Syracuse, New York. Hi, Marita, how are you? How are you doing, Rachel? Thank you so much for talking with me today. Sure. Can you speak directly into your phone? It's pretty muffled. Yes, is that better?

Yes. Perfect. Yes, thank you. All right, awesome. So I have a question about student loans. Yay, I have many emotions about what Biden declared today, but I'll try and get to the point. My husband and I were in our early 20s. We have $2,375 left to pay off on our student loans.

We have worked so hard to get to this point. Now Biden's declared that he can just forgive it at some point. But we know there's a period of time before that's going to happen. Would it be the right thing to do out of principle to just pay it off on our own or should we apply for forgiveness once that application becomes available to us write a check and pay it off don't wait okay don't wait um the emotion here so is so mixed about the call today and and what they announced. And I think the heart behind it is relief. Well, we can probably go all around, but I think there's an element of it that is to relieve people. And you guys don't need relief because you have the money. And there is a personal responsibility thing with all of this, too, that you guys signed this and your names are on it.

And the idea of taking money from the government when you have it, I just don't. I can't. I can't. That doesn't sit well. It doesn't sit well with me. So I've got to check and pay it off. Don't wait on them.

That's a nice way of saying it marita you um you already knew that that was what you wanted to do because it's who you are by the way you phrased your question and so it makes it very easy for us to just agree with you and say yeah yeah i would do that um uh you know it's not immoral for someone to take the relief that is being offered but there is a a moral obligation that you borrowed the money and to pay it back is not a it is a values-based decision even though you quote don't have to unquote it's a values-based decision and and you know so you know on a macro level on a nationwide level on a big scope, somewhere we have to remind people

that the money comes from the government, comes from somewhere. And the $300 billion, with a B, a billion is a thousand million. That is 300,000 million that the president is strutting around proud that he just added to the taxpayer's burden. If you are a taxpayer,

and 48% of you are not in america today a federal income tax taxpayer but for those of us that are our burden was just increased by 300 000 million so that you could get ten thousand dollars in debt forgiveness um i'm happy for you10,000 in debt forgiveness. I'm happy for you if you got your debt forgiveness. I really don't want bad things for you. I want good things for you, and I'm not angry with you. You didn't do anything out there if you got debt forgiveness. But the absurdity of this political move as a Hail Mary

to try to get back in the graces of the good of the voters before the midterms and a in a presidential administration that is a complete economic failure it's just infuriating and it's all put on the backs of your grandchildren because it's all added to the deficit three thirty trillion dollars in debt already and we add three hundred thousand a million to that in student loan forgiveness while we continue to make student loans and this is just it's just intellectually dishonest to continue to make the loans and on the one hand and then turn around forgive them on the next because the next call we're going to be getting that we're going to be getting, we're going to get this call because it's already running through some of your heads.

I've got $26,000 in student loan debt. President Biden just forgave $10,000. I'm going to wait on him to forgive the rest. Is that okay? Even though there's no announcement of that or indication of that or promise of that. But, you know, once you've opened the spigot you know folks are going to expect you to continue to open the spigot like trump issued by bucks during the trump dollars during the covid and then another set and then biden bucks came out and biden bucks and biden

bucks so once the once the all of your covid problems are going to be solved by the government instead of by your own hand then you now now are waiting on these Biden bucks to come through after the Trump bucks, after the Biden bucks, after the Trump bucks. And it just keeps going and going and going and going because you've begun to look at Washington, D.C. as your source. When we were getting those questions, and we've gotten that question for over a decade i feel like every politician makes some kind of debt for student loan forgiveness well and it was the fringe it was elizabeth warren and aoc it was the fringe wackos that were suggesting it at first and

then it got a little bit more mainstream and this president is so far left, so far much a socialist in his approach to things that, you know, he had it on a campaign promise. It took him 18 months in office to come through with a campaign promise. But the idea is that. What he was doing during the 18 months. But also, even just the idea of student loan forgiveness that's been floating around for almost a decade. We've heard that term because in very small small pockets right you see different things um but and we and we get those calls even then like this is actual facts on paper that it's happening but even just the idea to your points floats in people's heads and when that seed is planted it's this idea that i'm gonna just sit back it turns you into a trust fund baby and

there's a yeah yeah i mean if you're sick if you're if your dad is 60 years old and he's got 10 million dollars and you don't work much and you want to just sit around wait on him to die for you to have a life because you're going to get in because you're going to inherit 10 million dollars it's the same dadgum thing i I'm sitting around waiting on someone else to fix my life. Yes, right. The mindset is the same. But I think the feeling of debt and the weight that debt carries on families, though, is different than I just want to be lazy and hammer.

Do you know what I'm saying? I agree. Yeah, I get what you're saying. But also, I'm like, man, there's like this. But when you say, okay, I'm not going to deal with this. Right. And I'm going to let someone else say okay i'm not gonna deal with this right and i'm gonna let someone else i'm gonna i'm not gonna deal with this i'm gonna i'm gonna wait on someone else to deal with it and that's not marita and what's interesting too we talk about this all the time on the show of how money your habits within money are a lot of different habits in

other areas of your life and so it's fascinating too when if you become passive with your money sitting back and letting other people take it like are you then passive in your career that's right passive in your marriage and your parent like mental health your physical person you talk about this a lot like you're an like integer is a whole number we are to have integrity you are a whole person so you can't take one part of your life and say i'm gonna be like this this and this way right like we think we can compartmentalize so much and we can't we are one person and so even with that i mean i don't i don't have the science to back it but i am curious it's impossible to be highly ambitious organized and disciplined in your money and uh be completely opposite of that in every other area of

your life it's it's or be or be highly ambitious and disciplined in your career but be completely undisciplined in your physical you know because the opposite is true and the opposite is true which we hear all the time that people are like oh my gosh my spouse and i like we got out of debt and it changed our marriage because we started communicating you know we even hear health like i lost weight right like all these other things fall into place and so our marriage got better yeah even a seed planted of being passive in life it's just hard i mean i think it just affects other areas too so we just you got to be careful you got to be careful margaret thatcher said it well the problem with socialism is eventually you run away run out of other people's money to give

away it's a problem it's a real problem this is the ramsey show so 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.