The Ramsey Show - App - How to Figure Out What Job to Go With (Hour 2)

Episode Date: March 4, 2019

The show about you

Live from the headquarters of Ramsey Solutions Broadcasting from the Dollar Car Rental Studio, it's the Dave 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. This is your show. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. Thanks for joining us and for hanging out. At the bottom of the hour, with a big announcement, Ramsey personality, Ken Coleman, host of the Ken Coleman Show on Sirius XM and as a podcast, talking to you about your career, talking about strategies that will lead you to the career you love.

He's going to be joining us talk to the guy on careers in America today, Ken Coleman. And he'll help you with this. Monique is with us to start off this hour in Los Angeles. Hi, Monique. How are you? Hi, Dave. How are you? Better than I deserve.

What's up? Okay. I'm calling because I finished Baby Step 1, which saved my $1,000 from emergency fund. And I'm trying to step into Baby Step 2, but I'm nervous because I finished Baby Step 1, which saved my $1,000 from emergency fund. And I'm trying to step into Baby Step 2, but I'm nervous because I'm such a saver. So I've been able to save about $26,000. How much? $26,000.

$26,000. Great. Okay. In what? Just in a savings account? Yes, just in my general savings account. And I have about $48,000 in debt, so $14,000 comes from my car, and about $34,000 comes from student debt. And I know I have the money to pay off the car,

but I guess I'm just trying to figure out how do I step into that. I'm just so nervous about spending any of the money just because I want to use it as like a safety net in case anything happens. But I do know I need to hurry up and just get a step two and just go for it. Gotcha. Are you single? Yes. And what do you make and just get a step two and just go for it. Gotcha. Are you single? Yes. And what do you make a year?

$71,000. Good for you. Well done. Thank you. What do you do for a living? I'm a counselor. Okay, good. Good. Well, if you keep doing, counselor, you know this, what you've been doing,

you're going to keep getting what you've been getting. Agreed? Yes. Okay. If you believe that, then when you're talking to one of the people you're counseling about trying a different behavior pattern, a different way to solve a problem than they've used before, but it's scary because they've never done it before. How do they get past that? How do you help somebody get past that?

I just pretty much tell them what's their end goal, and I know my end goal is to be debt-free. Why do you want to be debt-free? Because there's a lot of things that I want to do and I want to start eventually saving up for a house because I'm getting around that time and so I can't do that if I have this car loan just sitting there and I have this money not really doing anything and if I pay off all my debts and I have this money not really doing anything, and if I pay off all my debts, then I'll have more to invest. And then, you know, to me, it's a gift. Why would you want to invest more? Just for my retirement and also being able to put some more stash away to get a down payment from the house. You'd pay off the house someday, right?

Yes. So could I correct you gently and say your end goal is not debt-free? Your goal is to be debt-free so that your end goal is to build wealth? Yes. So the shortest distance between you and wealth is to be debt-free. Your goal is to be debt-free so that your end goal is to build wealth. Yes. And so the shortest distance between you and wealth is to be debt-free so that you can use your income to get you a home, and you can use your income to build

wealth in your retirement funds. Agreed? Yes. And so what's the shortest distance debt-free? Not a 2% savings account with security associated with it. Yes. But there is a bit of a tightrope here.

Yes. I mean, we're walking across the swinging bridge over the ravine because you're single and you've been broke before and it scares you. I know the feeling. I've been scared, too. You know those swinging bridges? You know what I'm talking about? Yeah, I mean, mean i just that's kind

of how it feels when you when you take your whole 26 000 and you plunk it down on your car and your student loans and oh my goodness takes your breath away you feel like you're yeah i feel like i will be falling with nothing underneath me just so is it best i just pay off my car because i mean i could pay off the car but i still i wouldn't have enough to pay off the student loan. So should I just do the $14,000 in car and then do as much as I can to pay off the student loan? Okay, let me give you two answers. Answer number one is what I would do if I woke up in your shoes, and what we recommend in the Total Money Makeover book is throw the whole $26,000 at your dad,

which would be pay off the car, have $1,000 in the account. That scares you to death. You can't even breathe with me saying it right now. Okay? I understand. I got you. I got you. I got your back.

I'm going to catch you when you fall. It's okay. So anyway, you're not going to pass out too bad here on the radio. So we're going to pay off the car, and then we would throw the other $12,000 at the $34,000 student loan, having $22,000 left. How fast are you going to pay off $22,000 if you're making $71,000 at the $34,000 student loan, having $22,000 left. How fast are you going to pay off $22,000 if you're making $71,000? About a year and some change. How about six months?

Oh, okay. Yeah. That's $2,000 a month does it in a year. $3,000 a month does it in six months. That's probably where you are. You probably do that. Because you're not doing anything else right now. You're not going out to eat.

You're not going on vacation because we have a big goal. The big goal is to be debt-free so that we can buy a house, so that we can fund our retirement, so that we can retire with dignity and change our family tree. You've got a big goal that's bigger than eating out or going on vacation right now. Agreed? Yes, agreed. Okay.

So that's the answer is what I would do. Now, what are you likely to do because this is freaking you out? I've got to at least talk you into paying off the car today oh yeah yeah the car definitely i just wasn't sure about the extra the extra i would throw at it but if you're dying over this let me tell you what you can do you can leave that other 13 or 12 sitting there what is it 12 000 sitting there yeah and you can pay down on the student loan until it gets to 12 000 and then pay it off okay then you would be extra on it right now i'm supposed to pay 400 but i'm paying seven you shouldn't be you should be paying it all on the car right now because you're working the debt

snowball right now okay smallest debt gets all the attention until it's gone but we're gonna go ahead and pay that off okay and then i want you to get this student loan down to 12 000 and then i want you to pull that other last 1212,000 out and pay it off. Okay. At least do that one. Yeah. But the best route is what I told you earlier, because let me tell you what will happen if you do what I told you to do in the first option.

It's going to scare the crud out of you, and you're going to be so focused because you want to get that savings bill back up. True. And it's going to cause you to knock that student loan in the mouth. You're going to get with it because you're going to go, I don't like living with no money. I'm getting rid of the student loan. Because effectively, mathematically, what you've done is you've admitted how broke you are when you pay that down. Because you feel like you're not broke right now.

And you are. You have a negative net worth today. So you're broke by definition. You make good money and you're a smart lady. So it's time to move to the next step. So those are your two answers. You can do it either way you want to do it. I'm not going to be mad at you.

But if you wanted to follow what we teach, you would just chunk it down on both and be debt free in about six months and then build your emergency fund back up. You'd be just fine. You're going to be okay. That bridge across the ravine, lots of people have been across it. It hadn't fallen yet. It's not going to fall on you. You're going to make it. Lots of people have been across it it hadn't fallen yet it's not going to fall on you you're going to make it lots of people have trusted that bridge and it's but it's scary if you look down i mean it's like way down there tarzan ain't going to even survive that puppy so

you know i mean you just really it scares the crud out of you i get it but that's how we do see the thing you use is you use a little bit of anger. You use a little bit of fear. You use a little bit of, I'm disgusted. I make too much money to be this freaking broke. See all that anger building up? That's good anger. There's good fear and there's good anger. Good fear keeps you from playing in the interstate where trucks are driving.

Keeps you from touching hot stoves. Causes you to move fast through your debt so that you can build the emergency fund. That's good fear. It's positive things. It causes you to move fast through your debt so that you can build the emergency fund. That's good fear. It's positive things. It causes you to move your butt. Hey, you got this, Monique. You call me back if I can help. I'm proud of you. You're going to do it. This is the Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options?

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And our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live, Joshua and Andrea are with us. Hey, guys, how are you? Better than we deserve, Dave. How are you? I love it. Welcome.

Where do you guys live? We live here in Nashville. Oh, we're neighbors. That's right. Well, good to have you. And all the way down the road. That's right. It's a long drive.

To do your debt-free scream. How much have you paid off? $115,000. I love it. And how long did this take you? 32 months. Wow. And your range of income during that time?

60, 61. We started off, and now we're at about 105. Okay, excellent. What kind of debt was the $115,000? All of my student loan debt is from my bachelor's degree. Oh, my goodness. Did you have money in savings that you threw at this? We did.

Well, we kind of did. I'm a classical musician, so I did a gig, and I got paid a decent lump sum of money. Okay, and that got it started. That got it started with what we had, so that was the log jam. Gotcha. Okay, because two and a half years to pay off 115 on your income was tight. Yeah. It really was.

You've been on beans and rice and then some. On steroids. Yeah, we felt every bit of it. I'll bet. Wow. Very good. Good for you guys. How long have you been married?

Six years. Six years. Okay. So what happened two and a half years ago? So about four years ago, I got in a really terrible car accident, I actually broke both of my legs. I broke my arm, my left arm, and I had several internal injuries that I ended up, I was in ICU for about six weeks. And then I ended up being in the hospital for about three months. And so, you know, at that time we had been married about two years and, you know, you better for worse but you don't really expect the worst to start coming quite so soon and so we really we really just went through it with that

experience and I've obviously made a tremendous recovery thanks to just the amazing doctors and therapists that I had and so I was in physical therapy for about a year after that and we just got serious about it. We had talked about starting to get rid of the student loans, but after that experience and just everything we overcame with that, we just decided to do it and knew that we could. Yeah, that big an event and that much pain brings a lot of clarity on a lot of things. Yes, yeah, I had a lot of time on my hands to think and really evaluate what was important in life and prioritize and all of those things. I guess so. Yeah.

Incredible. So I saw the wheelchair that you were in for a while on the pictures flashing up on YouTube. Yeah. How long were you in that? So I was probably, I mean, I was in that for about six months after my accident six to eight months you know and you slowly start to wean off and just little by little make progress and start walking again obviously terrible breaks on your legs then yeah yeah i broke both femurs and down on my right leg as well i broke the entire leg and they actually thought they were

gonna have to amputate my ankle at first or my foot, but luckily I still have it. Okay. Still hanging on. Yeah. That's good. She can kick me with it. If you violate that budget.

All right. Wow. That's an amazing. I'm sorry you've been through that. Yeah, thank you. I'm glad the clarity was one of the good things that came out of a bad experience. Yeah. So that kind of woke you up.

You said, we've got to do this. And then what was the secret to getting out of debt? I think discipline was the biggest thing. I'm a pretty disciplined guy. You know, at the time that we started this, I had just finished my doctoral work. Wow. I was also training and running my first marathon. Wow.

So once I kind of had that vision of, okay, I've got this first thing, now it's just a step-by-step process of going after it and staying and sticking with it. Don't deviate from the plan, I guess is what we thought. Yeah. Josh has enough discipline for both of us, so that was good. And I personally feel like it was a lot of attitude that was something i also really learned in my accident and just everything that i went through is a lot of you know it kind of exposes all your control issues that we really don't have control over a lot yeah but i would say to myself some days

you know the one thing i do have control over is my mind and my attitude and my thoughts and believing that you can do something. And some days just not giving up is all that you can do. And that's enough, you know? And so I think, um, that helped us through like the long journey of paying off the debt too. And I would add one thing into that. I think that's really terrific. and we both felt that. But if there's anybody out there today that's listening that feels hopeless, I felt hopeless. I mean, it was such an insurmountable number. I'm 35, and I remember all through 25, 26, 27, 28, 29, I thought, well, there's no way. I went through all the emotions of depression, anxiety, hopelessness,

down that rabbit hole. Regarding the debt. Regarding the debt. I just thought this is going to be absolutely impossible. And it's like you talk about so much. When you believe you can or you believe you can't, you're right. So I didn't believe I could until we started that that log jam and then i saw like 10 go off and i was like okay good i think we could do this finally this is how you run a marathon

that's right that's right you don't sprint it time right you don't sprint it it's and you can't see the finish line when you start no it's one mile at a time yeah all the time and you're training even your training as classical musician plays into this yes it does a very disciplined process that's right and and my career is one that you definitely have to be in it for the long haul. It's not about instant gratification. Yeah, but you don't get to make up notes. No, you don't. No, I mean...

You can't deviate what you said. You have to work the freaking plan. You have to sit in the practice room for hours and hours and hours to get it done. You've got several things that allow you to be a plotter rather than a sprinter. That's right. Good for you guys. Well done. I'm proud of you.

Who was your biggest cheerleaders outside of you two? I would say our parents. Yeah, probably our parents. My parents are here today. All right. Yeah. Yeah. We had so much support.

And through my accident, I mean, that was the silver lining. It's just the awesome support we had from my parents, our family, our friends, and people that we didn't even know that just heard about my accident. And you just kind of, it restores your faith in the goodness in people. Just the outpouring of people was, I mean, I couldn't do anything. She was just, you know, in the hospital under these people's care, so. We had people bring us meals, bring him meals. That we didn't even ask for.

I mean, they just did it. It changes your views on everything. So we're very grateful. You've had a lot of cheerleaders on a lot of things. Yes, we have. That's good. Well, you needed them. And now you get to be cheerleaders for others.

Yeah, we hope to. You've lived like no one else, and now you can live and give like no one else because you don't have any dad. That's right. That's right. How's it feel? It feels amazing. Awesome.

I mean, it's kind of like when I ran the marathon for the first time, I thought I would have all this emotion like at the end of it. And I was so spent during the process that the end of it was just kind of like, oh. Relief. You know, and that's kind of. It's about a day later before you start discussing in your own mind if you're ever going to do that again. Yeah. And doing the next month's budget, I think that was when it started to be like,

oh, this is fun. I don't have any payments now. What are we going to do with this $700? I have no idea. Whatever we want. Yeah. I love it. We'll probably make some meals for some lady in the hospital maybe.

You never know. Absolutely. A little pay it forward action. You guys are fun. You're rock stars. You've overcome a lot in the past few years. Very well done. Well, we appreciate your work as well.

I mean, so many times when I was struggling to get my income up in my career path, I would actually listen to your videos. And I would have them just playing in my mind just so that I could keep believing and listen to people like us who are standing in this very place. To get fired up. They did it. So all I have to do is keep doing it. All I have to do is keep doing it. Very good.

Proud of you guys. Very proud of you. Thank you. Great job. We've got a copy of Chris Hogan's Everyday Millionaire's book for you. That's your next step. We're coming for it. You're going to be there before you know it.

You'll be there soon. All right. It's Joshua and Andrea from Nashville. $115,000 paid off in 32 months, making $61,000 to $105,000. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free scream. Three, two, one. We're debt-free!

Wow. Way to go, you two. Absolutely amazing. Coming up at the bottom of the hour, Ken Coleman, Ramsey personality, here to answer your career questions. Your questions about the income side of the equation. Jump in. We're going to make some phone lines available just for you, darling. This is the Dave Ramsey Show. I'm going to go ahead and get going. Way too many people spend the majority of their life working at a job they hate.

If you hate your job, you're not alone. 70% of people aren't passionate about their work, and they're desperate for something else that gives them some meaning, gives them some purpose. Ken Coleman, Ramsey Personality, and host of The Ken Coleman Show on SiriusXM and does a podcast every day, answers questions for folks on career decisions. Finding something that's not, uh, is, uh, a word. It should be. It should not a word. It should be a word. It's an emotion.

It comes out. It's like it's one of those sighs that happens. It goes with an eye roll. That's exactly right. Not again. Monday. Man. Well, we're excited today, to say the least.

Absolutely. We're a little fired up. A project that Ken has been working on with our team. We're beginning the pre-sale today on his new book, The Proximity Principle. And this is absolutely incredible. You know, it's the proven strategy that will lead you to the career you love. The proximity principle is one of the things you talk about on your show all the time, isn't it? All the time.

And basically, the thesis of the book is... In order to do what you want to do, you've got to be around people that are doing it and in places where it is happening. So the whole book is essentially showing you how the right people plus the right places equals opportunity. Because so many people feel like the journey to the work they love, the position they want, they feel like it's unattainable. They feel like they can't get there. And what we have shown them in this book are there are five people, five places, and then some practices that when you're around the right people and those right places, when you are there, you're going to see opportunity come at you like you've never seen it before. You're not going to get a job in acting when you are doing something that's not anywhere around people that are acting or in places where acting is occurring. That's right.

You know, this comes from my journey, Dave. You know a good bit of my journey. And there was a point where I knew I wanted to be in broadcasting. I knew absolutely it was what I was created to do. But I was sitting around basically waiting for people to notice me. And as I say on the show and I say in the book, nobody's sitting around thinking about how they can help you out. You've got to take some ownership and you've got to be absolutely intentional to put yourself in the right places, places that we talk about in the book where you can learn, places where

you can practice, and then places where you get a chance to perform. And when you do that, you are going to see momentum and opportunity come your way where you never saw it before. And when I began to get intentional by just starting out, by meeting the right people in broadcasting and making connections, what I saw happen, Dave, was momentum. And now it took time. This is not a microwave strategy.

You know it took me nine years from the time I started to the day that you gave me the chance in 2017 to start the show. And that is it. But it's not even a direct line. No, sir. Not at all. It's a squiggledy line on how you get there. That's exactly right.

You go around the barn twice, click your heels together, and follow the yellow brick road and everything else. Well, you're going to have some detours. Yeah. You're going to run into some ditches. But you've got to be around the right people. That's right. And in the right places, which increases your probability of actually getting to be one of those. There it is.

So you know the old phrase. We've all said it, or we've heard it said about somebody. Maybe you were at a party. Maybe you were at a family reunion, and somebody was talking about something good happened. And you heard somebody say, oh, they were in the right place at the right time. As if it were happenstance and luck. Now,

I'm not saying that hasn't happened in the history of the world. It does. Luck happens. But successful men and women that I know, the Dave Ramseys of the world, were intentional to put themselves in the right place. You started out on local radio here in Nashville, Tennessee. They've heard your story. Our tribe has heard your story. If you haven't, you need to hear it.

But we watched it when we celebrated the 25th anniversary. And when I look at that, I see proximity blaring off of your story. If you haven't, you need to hear it. But we watched it when we celebrated the 25th anniversary. And when I look at that, I see proximity blaring off of your story. And I know that successful men and women are intentional to put themselves around the right people so that they can learn from those people, so that they can observe how they have made it, what works, what doesn't work. And so it's the intentionality of the right people and in the right places that opportunity comes our way so what like i like to say is when i'm in the right place dave the right time happens it's not the other way around if i'm not in the right place the right time's not going to find me if you want to be a um an nfl football player they're not going to find you if you're in a combine out on the cornfield that's exactly they're not going to find you you might have to be at the combine yes but you're not going to find you if you're in a combine out on the cornfield. That's exactly right. They're not going to find you.

You might have to be at the combine, but you're not going to be in a combine. I mean, you're not going to be out there cutting corn. That's exactly right. You can't do it. I mean, if you want to be a farmer, that would be a great place to be. Yeah, that's right. But, you know, you become who you hang around with. Absolutely.

And that's even true about careers. It's not just true about your mouth or your books you read or your behavior patterns and those kinds of things. It's true about your mouth or your books you read or your behavior patterns and those kinds of things. It's true about your career. You become, even your voice tone, everything approximates the people you hang out with. A lot of people have accents from certain parts of the country. That's exactly right. It's proximity.

That's right. So if you want to be a great surgeon and you're young and you're in medical school, you better find a way, whether it's watching their online webinars, reading these surgeons' books. You don't always have to sit across the table from them. Dave, I learned my interviewing skills, which you've been very kind to me and given me opportunity to platform. But I watched every Larry King live show that has ever existed. My wife bought me the DVD set, and I've watched them all. I also went online and watched Bob Costas. I watched people like David Frost, even the famous Nixon interview.

I observed and learned from people that I would never get a chance. So you're in proximity by being in proximity to their story, to their processes, to their videos. How do we learn? Yeah. We learn by observing. Exactly. And so I can observe somebody.

You read biographies. That's right. It gets you in the proximity of great people. Well, you know how much I love biographies. Exactly. It gets you in the proximity of people.. Well, you know how much I love biographies. Exactly. It gets you in the proximity of people. The book is The Proximity Principle.

It is $19. And if you preorder it, because it's on preorder starting today, you get $20 in free bonus items. The Proximity eBook and the Discover What You Were Born to Do, which is a video lesson from Ken Coleman. Hurry and go ahead to the online store at DaveRamsey.com or KenColeman.com or call the Ramsey Concierge at 888-22-PIECE and you can pre-order. You get all the $20 and free bonus items. Those will all be sent to you now and the book will be sent to you on pub date, which is what? May the 13th.

May the 13th is when the actual book comes out. All right. And I should know this, but I got a couple other dates in my brain. You got a lot going on. I knew it was sometime this spring, but I couldn't remember exactly. So there we go. May 13th is when we'll actually ship you the book. And so what is that?

That's only two months. Not far. It'll be here before you know it. Yeah, and just a little bit. And so this book's going to be big. It's going to be huge. And great cover art. The team did a

great job on it we're just starting to get in the uh the advanced reader copies for the press and so forth and they really look sharp the thing looks great it is a good looking book and uh um it's you know this this principle is one of the many things that you teach on the air yes but it's it's very central to your personal story, right? It is, because here I was, 32 years of age, realizing that I didn't want to run for office, that I had a call in my life to be in broadcasting, and I didn't have a degree in it. I didn't have a bunch of connections in broadcasting. In fact, you may have been the only real broadcaster I actually knew at the time. And it's intimidating, and it was scary.

Because understand, you know, Stacy and I are running our small business at this time. I've got three little ones under the age of three, and it felt almost at times delusional. Have I lost my mind? Is this a selfish ambition? And the answer is it wasn't, but that's what fear does. And then I had a lot of pride, too. I didn't want to ask for help. I didn't want to tell a lot of my friends, hey, I think I'm supposed to pursue this,

because I was worried what they might say. Coleman, you're nuts. You don't have a broadcasting degree. You've never done any broadcasting. What are you thinking? So fear and pride really held me back, Dave, for about two years. I just kind of sat around and just kind of was hoping I'd take a chance here and there. I'd get rejected, and I would shrink back.

And finally, I learned how to turn rejection into redirection, keep walking forward. And again, this proximity principle, Dave, the reason I wrote this book is because this was the key for me, and it's the key for every successful man or woman. At some point, you've got to put yourself around the right people and in the right places, in the place you want to be, the industry. The proximity of the people that are doing what you want to be and what you want to do. The Proximity Principles, the book, comes out May 13th, goes on presale today at KenColeman.com and at DaveRamsey.com and at 888-22-PIECE.

Back with your questions about careers right here on the Dave Ramsey Personality, joins me this half hour to answer your questions about career and to make a big announcement. The new book, The Proximity Principle, goes on sale today. Personality joins me this half hour to answer your questions about career and to make a big announcement. The new book, The Proximity Principle, goes on sale today. The proven strategy that will lead to the career you love. The proven strategy that will lead to the career you love. The Proximity Principle goes on sale today. It's $19.99, and you get $20 in free bonus items, which includes the Proximity Principle e-book. And to discover what you were born to do, a video lesson from Ken that you'll receive today.

The book will be shipped on PubDate, which is May 13th. I just about launched it two months earlier. Everybody freaked out. Everybody just got a real stomachache over in publishing. But Dave almost did that. He almost pulled the trigger. Well, we don't have them, so we couldn't ship them that fast anyway. But anyway, May 13th is when we'll have them and be shipping them out to you guys.

All right, let's go to Katie in Traverse City. Katie, your question for Ken Coleman. Hi, Ken. Hi, Dave. I have a question regarding my full-time job and my part-time job. The part-time job is where I want to be. It's my career choice. And after a year, they're going to put me on full-time and send me through my associates. But my question is, do I stay in the full-time job that has the benefits until the other job puts me on full-time,

or do I find two part-time jobs? Well, I've got to tell you, that's a great situation. Congratulations to have an offer basically standing, and they're going to put you through your associates. I would stay right where you're at because is there a time where they've said to you this exact date and we're going to move you from part-time to full-time? No, they didn't give me a date. It's kind of whenever the next associate, like I'm going through paramedics is what they're going to throw me through.

So it's just when the next class opens up, they're going to put me through my associates and put me on to part-time. Why could you not keep your full-time job until that one became full-time? Well, I mean, I'm a single mom, so I'm kind of trying to make it work with the two jobs. I didn't know if knocking myself to a different part-time job would be better to have more time with my kid or what would be better financially. I mean, I'm in Baby Step 3B, so I'm trying to figure that out too. Well, I don't see the benefit of basically taking your full-time job and then replacing that same amount of time with a another part-time job and then the part-time job that's going to turn into the dream job but you think it's less transition for you

right now you've got the benefits i would stay put because it seems like that class opens they tell you you put in your resignation and you walk right into this. Yeah. How long is the class going to be? It's an associate, so it'll be two years of full-time schooling. Okay. All right. And you'd be working part-time.

So you would want to reduce your full-time job down to a half, and then you'd have two halves instead of one and a half, right? Okay. And that would give you, how much of a pay cut would that involve? Well, the full-time job I have right now is $13 an hour in benefits. The part-time job is $15.60 an hour, and that's only $130 a month. So, I mean, it would cut me down like $300 or $400 a month, which isn't a lot. Well, the question is, if you can do your budget and you want the time with your kids, then you can do that and still pursue the long-term career, right?

But if you need to keep it and hold your nose for two years and push your way on through this in order to pay your bills, then you'd have to do that. Like if your health insurance went through the roof, you don't want to have your kids without health insurance. Yeah. So you've just got to measure those benefits, and that costs the cut down of what you're doing. But Ken's right. The great news is the long-term play.

The long-term play is beautiful. Absolutely. They're going to pay her and provide for the associates, and she steps right into the dream job. So, you know, it's one of those short-term sacrifices. You know, I've said before, you're going to have to give up something in order to move up. You just are. And when you decide, is it worth giving it up?

So it's a temporary, but I had to give up my Saturdays, Dave, to start radio. I just did. I didn't like it. I had three kids, you know, and spending four hours on a Saturday to start radio. But that was something I had to give up to move up. And there's going to come a time when you have to decide, is this sacrifice, this temporary sacrifice, is it worth the long-term reward? Jonathan is in Kansas City. Hey, Jonathan, your question for Ken Coleman.

Yeah, I have a question about I'm currently self-employed, and I would like to move out west to Wyoming or Utah and just kind of how to look for jobs. I don't really want to take a pay cut and go down there, but how to look for jobs and to connect with people in an area. I like my job. What I do, I just want to do it in a different spot. So you want to move your business? Well, I'd always kind of assume that if I did it, I would just work for someone out there.

I mean, my business, I would say I more own my job as opposed to have a business. We have a small construction company and a cabinet shop, and so I didn't assume I would try to restart that somewhere else where I didn't know anybody or have a client base. So if you don't know anybody or have a client base, what's taking you to Wyoming and Utah? The mountains. Oh, the call of the wild. That's exactly what I was going to say. The call of the wild.

Oh, okay. Well, so now here's the thing. This feels impossible. This feels like I don't know anybody there, so therefore I don't know how in the world I'm going to get hired. And this is going to take a little extra research and some dedicated hustle, which might involve you going out there in the form of research and finding a locale. Have you picked a zip code, if you will, as where you would like to live, whether it be Wyoming, Utah, if I put you on the spot?

Have you thought about where in Wyoming or where in Utah? Jackson, Wyoming would be my choice, mainly because when I've been out there, that's when I've checked around and done all the research I can. That's where there's the most demand for my kind of skills. The other issue is it's so expensive to be there. It would have to be something that would pay better than I make now. How much better? I kind of set my goals high and said I want to double my pay to go there.

Is that realistic, though? You went out there and did some initial research. Did you see what the guys that are in the same trade that you're in, what are they charging for their work in Jackson? Yeah. From what I could gather, yeah, I think it's realistic. Okay. It's obviously more seasonal and things.

Sure. So here's what you have to do. You've already taken what I think is the great first step by going and at least getting a lay of the land. I think it's another trip, maybe two, maybe three, to get out there and begin to meet those people in those trades and figure out, do you need to work for somebody who's killing it? Maybe they've got the room for you. I think it's going to be a little unreasonable to think you're going to double your pay working for somebody else.

So you've got to look at all your options and say, okay, I want to live in Jackson, Wyoming or somewhere else, and I need to figure out who I need to know in that area in those trades. And so you start making connections. If you've got to spend some vacation time, but you're making the connection saying, hey, I'm coming up here. Do you need somebody like me? This is what I've done. This is what my background is.

This is my experience. And you begin to show your work. And you essentially build up a pipeline and an opportunity, and then you're going to have to save for this. If you're willing to make this move, I think you've got to spend some extra money sacrificing, saving for maybe a move like this that will allow you three to six months to actually get on the ground and give this thing a shot. But this is good old-fashioned connecting with people, and when you do that, you may have to, again, leave the family behind for a little while. These are sacrifices you have to consider at least what do you make a year uh currently about uh 55 okay and what do

you do and i mean we we do new custom new homes and and remodels and build kitchens and stuff so so you if you took a job with someone else you'd be a super that's what i would uh i would say um and when i talked to people when i was out there they said part of the reason housing is so expensive is hard to get to get help and said good carpenters make can make upwards of 100 bucks an hour yeah well and the other thing is it's so expensive to live there that you have to pay good help good money yeah so because i mean jackson hole is super expensive. Jackson is just expensive, but not that bad. So here's the thing, okay?

You saw a yacht drive by four miles out in the ocean, and you thought, I want a yacht. Right. If you jump off the dock without a plan on how to get to that yacht, you're an idiot. So what Ken's telling you is build a bridge to the yacht. That's right. Lay out some kind of step-by-step process. We're going to take a helicopter over there. We're going to take a dinghy over there.

We're getting a jet ski. That's right. We're going to do all of the above, something like that. That's what you've got to do. And he's exactly right. The book is The Proximity Principle. It ships on May 13th. It goes on sale today, baby.

Congratulations, Coleman. Thank you, Dave. Appreciate it so much. Ken Coleman. Check it out at KenColeman.com or DaveRamsey.com. Get a copy of it. This is The Dave Ramsey Show. This is James Childs, producer of The Dave Ramsey Show.

Once again, you made The Dave Ramsey Show one of the top five most downloaded podcasts last year. To get your daily dose of motivation and inspiration, subscribe today. The Dave Ramsey Show, one of the top five most downloaded podcasts last year. To get your daily dose of motivation and inspiration, subscribe today.