The Ramsey Show - App - How to Move to a Different State Responsibly (Hour 1)

Episode Date: May 9, 2019

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is done, 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. You jump in, we'll talk about your life and your money. It is a free call at 888-825-5225. That's 888-825-5225. Bruce is on the line in Kansas City. Hi, Bruce. Welcome to the Dave Ramsey Show. Hi, good day, Dave. Thanks for having me on. Sure, how can I help? Well, I'm a grandfather, but our oldest grandson is Thanks for having me on. Sure. How can I help?

Well, I'm a grandfather. Our oldest grandson is going to be going to high school. I listen to your show religiously, really, and a lot of the student debt has got me concerned that at the end of his college career, he's going to be strapped for the rest of his life with debt. So we're trying to figure out a strategy to get him involved, get his folks involved, plotting a correct course at this early age, be free of debt, been through financial peace, read your book. His mother and father have been through financial peace. But it's just putting all the pieces together to make it work. Okay. All right. Well, good for you.

That's pretty cool. I'm Papa Dave myself, and so we don't have any up at that age. Our oldest one's five as far as grandbabies go, but I appreciate that. So Mom and Dad have been through FPU. You've been through Financial Peace University as well. That means everybody's willing to talk about this, and you're not really butting in. They're actually wanting your input, right?

Well, I mean, they all know that we've got 529 college accounts for the kids set up and things like that. Oh, you do? They're involved in that way. So there's some money set up. How much is in the accounts? Oh, about $3,000 to $4,000. Okay, so not so much. No, not so much.

We need to probably load that up, we can between Mom and Dad and you guys to the extent you can do that to help them. That's great. Well, what I'll do is, one is I'll send you a book for the youngster. It's called The Graduate's Survival Guide. The Five Mistakes You Can't Afford to Make in College. Obviously, student loan debt is one of those. And I'll send you a copy for him for the high schooler. It's written by Rachel Cruz and Anthony O'Neill, Ramsey personalities and bestseller. But there's four or five things you can do if you want to avoid debt and you're going to college and you don't have any or don't have much money.

Okay. The biggest thing, number one thing by far and it really trumps all the others is college choice where he chooses to go to school will affect his finances for the rest of his life uh and it is if you don't have a lot of money choosing to go to a super expensive school is straight up stupid because there's no roi on it there's no proof that where you go to school causes you to be successful there is not any research that says that there's a lot of snobs that believe it but it doesn't really turn out that way out here in the real world so uh going to an in-state state school or in-state tuition is usually your best bet price-wise.

If he can get scholarships or something, that's fine. I don't care where he goes. I'm not against those other schools. You just can't afford to pay $50,000 or $60,000 a year when he can go in your state for $10,000 a year. And so you pick, and that's how much difference there is. It's bizarre how expensive some of these places are. So college selection is number one, and a subcategory of that is it doesn't hurt anything to do the first year or even two at the local community college for $2,000 a year

and get your basics out of the way. You want to do careful planning and make sure they are going to transfer to your field of study and to the university that you intend to go to. But I went to MTSU, Middle Tennessee State University, my first year of college, and I transferred to the University of Tennessee for the following three years. Back in those days, MTS was uh one third the cost and i stayed at home and drove back and forth and uh you know what i tell people which is the truth i graduated from the university of tennessee my degree is from the university of tennessee however

one year of that study was not there i don't i don't have to bring that up and i don't i'm not ashamed of mtsu but you see my point you don't have to go oh up, and I'm not ashamed of MTSU, but you see my point. You don't have to go, oh, I did two years of community college, and then I got my degree at Kansas. Well, you get your degree at Kansas is what your answer is, right? And so nobody gives a rip where you did your first two years of core stuff. So college cost is the big one. The second one is go ahead and just tell Junior plan on working while he's in school and not minimum wage flopping whoppers.

Okay, you can't make any money flopping whoppers. You got to go get something where you're making $15, $20 an hour, part-time, self-employed, whatever. I don't care if you're cutting grass, blowing leaves, walking dogs, or babysitting, but you can make $15, $ bucks an hour in the college world out there if you'll watch what you're doing and not just accept some no brain minimum wage job and you don't want to do that you can't afford to he's got to make a little money so work never killed anybody and by the way people students who work 20 hours a week studies have shown they have a higher gpa not a lower because they're working instead of playing beer pong in their off time.

And it changes their whole setup, and it's awesome. They ain't got time to get in as much trouble is really what it comes down to. The third thing, then, is the ACT. Take the test over and over and take classes on how to take the test. It's a good investment. Spend the money to learn how to take the test. It's a good investment. Spend the money to learn how to take the test because the higher a score you get, the more you qualify for scholarships. Live at home if you can.

Pick a cheap school. If junior and mom and dad will let you speak, Bruce, as the grandpa into this situation and do those things that I just outlined, he can go to school. $10,000 a year plus room and board. this situation and do those things that i just outlined he can go to school ten thousand dollars a year plus room and board uh you can make 1500 bucks a month delivering pizza four nights a week ta-da 1500 bucks a month by the way is 18 000 a year tuition is ten thousand dollars a year did we just go to school i think we just went to school okay so um you know you just have to think and use your brain and of course mom and dad and even Grandpa need to speak into the field of study.

Not do something you hate doing with your life, but do something that actually has some application. This idea that if I follow my passion and I get a degree in left-handed puppetry, everything's going to work out. It's not. It's not. There's no jobs for left-handed puppetry it's not that's stupid to have a four-year degree in german polka history that's just straight up stupid there's nobody hiring german polka history majors okay so you got to think about and there's no application even for the knowledge in the marketplace that is broad enough to make a living self-employed

so you just got to think through this and so think about what you're studying and yes you need to have a passion about it yes you need to have a thought about it yes you need to do these things but it it you know uh it can be done folks it can be done and this idea that the this generation is doomed to student loan debt. People saying all this crap. It's just not true. It's all about choices. Decisions. Beginning with the end in mind. Being a grown-up.

Even though you're not yet. This is the Dave Ramsey Show. This is big news, guys. You need to stop and listen. The Fed decided not to raise interest rates. That means you've got a small window of time before rates rise again. Here's the deal. Most people are paying too much interest on their largest expense, their home. So you're freaking crazy if you don't take 10 minutes to call Churchill Mortgage right

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Hi, Kelly. Welcome to the Dave Ramsey Show. Hi. God's peace be with you. You too. How can I help? So I need to talk into about fear. Okay. And so I am single.

When I was married, my husband was an accountant, so he took care of everything. And I've been single for a long time, and I just never really learned about money. And so I'm in baby step two, and I don't have the feeling yet of being in control of it. And I'm having a hard time, even though I've paid off some of my debt, I'm having a hard time letting go of the money. So you have some money in savings above $1,000 that you should be throwing towards the debt, and you're having trouble doing that? Well, yeah, it's not in savings.

It just kind of hovers in my checking account and i'm just afraid to let go of it how much is how much is solid but i'm sorry how much is in there um well let's see month to month i would say there's probably an extra 500 dollars which it's growing it's growing which is good and what's your household income uh about 50 okay how long you've been divorced uh 20 years oh okay okay long time long time ago okay so it's also hard for me to i'm a team person so doing this alone it's just intimidating money is intimidating to me i understand okay well you know what that makes you smart actually because if you don't know how to handle something that's powerful it should be intimidating to you the first time i got in a

car and i was like 12 years old my dad threw me the keys and we're out on the farm and he's like go for a drive with the pickup through the it intimidating as crud, right? First time you drove a car, it was intimidating, right? Right. But after years of practice, you've increased your expertise and confidence, and there's no longer any fear associated with it, agreed? Yes. So it's good fear. It's wise fear to be intimidated by something that you can't handle well that's powerful.

And so the trick is that doesn't mean you never learn to drive a car it just means it's normal human reaction the first time or two you drive a car that it's intimidating is that fair so what this means is it's time for you to learn to drive the car that's all it means and you don't have to learn it today, but you need to start learning it today. And would you expect to be more confident five months from now than today? You better. Five years from now, a lot more. It ought to be second nature, just like driving a car is second nature. And so we get better at it so that the intimidation goes away. But when you're beginning a task with a powerful thing that you don't know how to handle, it's wisdom to be intimidated. Is that fair?

Yes, I hadn't thought of it that way. Yeah. And so this is something that's bothered you. You've always said things like, I'm not a math person. My ex-husband, 20 freaking years ago, is an accountant. bothered you you've always said things like i'm not a math person my husband's an account my ex husband 20 freaking years ago is an accountant well he's not even in that didn't even come into the thing but you've said stuff like that that allowed you to kind of stay in this thing where i'm not i'm not going to address the issue but now something's prompting you to address the issue

that's why you call me and i think it's wonderful It's a time of growth for you, Kelly. This is a wonderful time for you. You're going to get better at handling money, and the fear as a result is going to dissipate. Is that logical? Yes. Yeah, you're going to do it. I know you are. It is. And you mentioned God in your opening to me, and so if you're a person of faith, then we're called to manage steward, is the old English Bible word everyone throws around, right? To be stewards, right? Is that right?

Yes, we are. And so, you know, I want to be found a trustworthy steward. I want to be worthy of trust. And that means I've got to get better at it. Oh, by the way, Dave Ramsey's better at it than he was 20 years ago, too. Dave Ramsey's better at it than he was five years ago, too. Dave Ramsey's better at it than he was five years ago. Meanwhile, I've been teaching everybody else, and I'm still getting better. So I know things today I didn't know five years ago about this particular subject and about other subjects, too.

So that's what I would tell you to do. You're going to be great at it. Have you ever been through Financial Peace University? No, I've just be great at it. Have you ever been through Financial Peace University? No, I've just recently heard about it. I have your total makeover book, but beyond that, I don't know a whole lot. Why don't you go to this class? I'll pay for it.

Okay. That's great. Thank you. I like the word peace, isn't it? Yeah, I'll give it to you, and I want you to go to the class, because what that's going to do is it's going to put some people around you that are encouraging that are also on the same journey. And it kind of normalizes the fear that we feel, sometimes the condemnation we feel around money.

Sometimes some of us, I screwed up so bad I had a lot of shame about money. I'm very cynical about money people and uh you know all of those things are negative emotions that are usually due to a lack of knowledge yeah okay thank you cool you hang on and i'll have kelly pick up and we'll get you signed up for the class it's nine weeks long one night a week for nine weeks. It'll be one in your area, and we'd love to have you go as our guest. And as a matter of fact, in your – no, you're in Denver. I'm sorry, in Denver. Oh, there's a bunch of classes in Denver.

So you'll be able to get right in, no troubles at all. And then it's an online experience for an entire year. And so you can be in the online communities. You can view the videos and audios online as well. You can take the follow-up classes. There's all kinds of stuff in there, and that's all included free, too. So when anybody buys Financial Peace University, folks, it's included in all that. So it's absolutely incredible.

Yeah, hold on, and we'll have Kelly get you signed up. That's all you need. You just need driving lessons. We're going to be your driver's ed teacher. All right, Peyton is with us in corpus christi texas hi peyton welcome to the dave ramsey show hi dave how are you today better than i deserve how can i help um well some background i am recently engaged for about a month now yay when you get married i'm getting married august 24th this year. Wow, awesomeness. That's cool, man.

Yes, sir. I graduate college on Saturday, and I am debt-free. My fiancé is debt-free, and I start my full-time job on July 1st. Man, what a great year for you. Yes, a lot is happening. So my fiance and I, whenever we combine our finances and get married, we have some ambitious plans on purchasing a ranch here in Texas, and property is extremely expensive. So based off of my initial calculations, I'll be making $54,000 a year, but that should increase quite quickly in the next two years, closer to $100,000.

And what is the most aggressive plan that we can have in order to reach the goal to buy a property? property. We are, she already has a, she has a rental house right now, um, that is, uh, breaking even at least after all the expenses and everything that goes with that. Um, but, um, so we are completely open to real estate and doing, um, rent houses and stuff like that, but also the stock market. So I'm really, really split on what we should concentrate in because whichever direction we'll concentrate in, we'll go all the way in. Yeah. Well, there's no reason you have to go all the way one way or the other. I don't.

I've got both. And so if I were in your shoes is how I answer the question, well, what I'd do. Well, you're already debt-free. I'd make sure I had an emergency fund of three to six months of expenses upon marriage. I'd be on that written budget and be game planning from there. I'm going to walk you right up these baby steps, dude. And you're going to start putting 15% of your household income away for retirement. Above that, you're going to start saving for a home and a ranch and real estate and that kind of stuff.

If you want to throw that into like an S&P 500 index fund, that's what I do. It's no commission. It sits there longer than a year. The growth is then taxed at 15% for you as you're making under $400K household income. For me, it's 20% because I make over that. And so either way, it's less than ordinary income taxation. And leave it alone a year. Let it grow.

Throw money in that account. When that account gets big enough to buy something called real estate, then you would buy something. And then when you look around, you go, I got enough in my mutual funds. Enough to sell these three rentals. I could buy my ranch. Then you liquidate the rentals. And you reach over and take that money out of that mutual fund. And you buy your ranch.

And you can start, as you said, you can project out there and go, this is how many years it's going to take based on income. And, you know, obviously you can predict somewhat some income increases. This is the Dave Ramsey Show. We'll be right back. In Boston, Kevin is calling. Kevin, I see on my screen you're debt-free. Way to go, baby! Thank you, sir. Appreciate that. That's awesome, man.

How much have you paid off? I paid off $35,000. How long did this take you, sir? About 12 months. Way to go. And your range of income during that time? $68,000 all the way up to $95,000. Nice jump in 12 months. What did you do to get that? I just started working overtime like crazy.

There was a couple people that left my job, and there was just a lot of shifts that opened up, and I just started working like a madman. Just every time they said help, you raised your hand, huh? Exactly, sir. Went from about 64 hours to 96 hours every single week. How old are you? I am 25 years old, sir. Man, look at you.

What do you do for a living? I am a campus police officer. Oh, very good very good yeah yeah you can that's perfect man so what kind of debt was this 35 000 sure so it was about uh 29 000 in student loans uh five thousand dollars on my car and another thousand dollars on a credit card okay you're 25 year old single campus police officer in Boston. What lit your fuse? Because you went nuts for 12 months, man. You've been going crazy.

You blew up, man. So it was actually about a month before that I started. I was doing out my finances, and I was actually having to take about $100 out a week to pay off my bills. And I was working about 64 hours a week on average. And, you know, I was like, I just can't keep working 64 hours and then losing money every week because I just had so many expenses and bills. So I was like, I got to do something about this. So I cut a bunch of the expenses and I went to work. Okay, cool. When did you connect up with us?

So it was actually somebody at my work that had mentioned you. And like I said, at the time, I was kind of like, you know, I just needed to find a solution. And I started watching some of your YouTube videos, and I was hooked instantly. Downloaded the app on my iPhone and literally started watching you every single day. And since then, you know, got right on the program. And I'll actually be finishing Baby Step 3 tomorrow. Wow. Way to go, man.

Well, we appreciate you being out there on YouTube. We just got a little award from them the other day. We now have our one millionth subscriber to our YouTube channel, which puts us in the top 1% of YouTube views. Wow, that's incredible. Yeah, it is incredible. It's crazy, man. It's awesome. And there you are doing this. So what's your secret to getting out of debt? You work like

a crazy man. What else? Absolutely. You know, I think just surrounding yourself with, you know, like-minded people. You know, I want to give a shout out to my buddy Paul and also one of my mentors. I'm also in the National Guard. So Sergeant Wells, you know, I want to shout out to him as well. You know, they've always just been there. You know, any questions, anything like that, they've always, you know, been there for me along the path. And my buddy Paul is actually a few months out from finishing his baby step two as well. So, you know, just surround yourself with people like that and, you know, just like you said, working like a madman, getting it done, being determined. Yeah.

Well, way to go, man. Congratulations. Very well done. Proud of you. Pr. Well, way to go, man. Congratulations. Very well done. Proud of you. Proud of you. Good stuff, man. So we got a copy of Chris Hogan's book, Everyday Millionaires, because you are on your way to be one.

You have the formula figured out, man. This is how people do it. How ordinary people build extraordinary wealth and how you can, too. It's the number one bestseller. It's our gift to you to say thanks for doing your debt-free scream and congratulations to you awesome thank you sir i appreciate that sure kevin in boston massachusetts 25 years old 35 000 paid off in 12 months jumped from 68 to 95 because he's working 95 hours a week there you go baby hey right before you die from overwork you pass out it's okay you're gonna do great man count it down let's hear a great debt-free scream

three two one i'm dead i love it well Well done, sir. Very, very well done. That's how it's done, man. That's awesomeness. Our question of the day comes from Blinds.com. They have a 100% satisfaction guarantee. It means even if you mismeasure or pick the wrong color, they will remake your blinds for free.

Free samples, free shipping, and with the new promos every month, you will save even more. Use the promo code RAMSEY. The question comes from Gretchen in Missouri. Dave, do we pay tithe in the process of paying off debt when we are upside down in income? Well, if you're upside down in income, you have more than a 10% problem would be my guess. So probably you're asking the wrong question. You probably should be asking, do we sell my husband's $50,000 pickup truck? I just made that up.

I have no idea if you have one. But that's probably the type of crap that's going on in your budget. I don't know. It could be somebody's unemployed. It could be you've got some stuff you need to in your budget. I don't know. It could be somebody's unemployed. It could be you've got some stuff you need to get rid of. I don't know. I am not a legalist nor a performance-based Christian in my Christian walk. I am a firm believer in Scripture, and I think it's God's love letter to us to show us how to live best.

He tells us to give a tenth of our income to our local church. I completely have studied the tithe for 25 years, and I completely believe it. But I am 100% positive you can go to heaven and not tithe, and I am 100% positive your Heavenly Father is crazy about you, even if you're not a tither. And he's not waiting to bless you until you tithe. That's not. So the giving that you do is for you. Because one of the things he teaches us is he's trying to help us be better people,

trying to remake us into people that are more attractive called generous people. And so I would never tell you out of a compulsion from a Pharisee mindset or Bible thumping or something like that to give a tithe while you're in this mess. I will tell you I did. When our budget was completely upside down, I still tithed. And we couldn't pay all our bills, and it wasn't because of the tithe. It's because Dave was stupid, and Dave had gotten us into into a mess and it took us a while to get out and sometimes things didn't get paid but we always tithed and it wasn't because i was scared of god and it wasn't because i'm a legalist it's i truly believe the instruction

it's like the instruction to do a budget is in scripture don't build a tower without first counting the cost lest you get halfway up and all who see you begin to mock you and say this man began to build and was unable to finish it's like the instruction of not to co-sign proverbs 17 18 one who co-signs is lacking in sense it's like an instruction like that these are smart things to do with money god says and if you do smart things with money the the money starts to clean up, God says. And that's what we that are people of faith believe. Okay, so based on that, if I'm in your shoes, I'm going to give a tithe. I did when I was in your shoes. But I'm not going to beat you up with it, kiddo, nor is your loving Heavenly Father. So it's not like the whole thing is going to fall apart you're

going to die and burn in hell you know no no no no no crud lighten up lighten up it's not a rule it's an instruction it's your dad saying hey kid if you drive the car this way it won't wreck that's all it is then you get to choose how you're going to drive the car this way it won't wreck that's all it is then you get to choose how you're going to drive the car are you going to listen to dad or not that's the thing and that's just love is all that is so um i trust his love and his instructions so thoroughly that i do it even when it doesn't make sense that's called faith, by the way. So you do what you want to do, and I'm not picking on you, and I'm not going to guilt trip you.

Not over here. I need too much grace. The last thing I'm going to do is steal some from somebody else. So you're going to do great. You're going to do great. Even if you don't tithe, you'll get around to it eventually. Or you really ought to look at your overall budget and go, we have an income problem, we have an outgo problem that is probably bigger than a 10% issue.

It's probably that $659 car payment on my husband's $48,000 truck. Sell the stupid truck. There you go. Not so you can tithe, so you can get your life back. Truck owns you. I don't even know if you own that truck. I just made it up. But you probably do.

Been doing this a while. This is the Dave Ramsey Show. Thank you. Natalie is in St. Paul, Minnesota. Hi, Natalie. Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up? Well, my husband and I are in Baby Step 4, 5, and 6, and we're wanting to move back to Colorado, but we're not really sure how to go about it. And the second part to that is that my husband wants to make a career shift

from being a heavy equipment mechanic into the performance or fabrication side of the diesel mechanic field. But the industry generally pays less in Colorado, and we just weren't sure how to go about all that responsibly. We're wanting your advice. Well, any project you have, you set a date on it, and based on that date, you look at all the numbers that are involved. So moving toado and changing careers is a two-step project there's two pieces to it they could go together or they could be done

separately and so you could move to colorado and stay in the side of the business that he's in with a plan that in three years he's going to move to the other part no one says you have to do it all at once there is no rule that says that um and all you do is just start putting the numbers together okay what's the move going to cost do you own a home in st paul yeah we do okay yeah we do and what do any of you got equity in it um maybe about 15 000 okay so if you sold it you'd have the money to move so you might you might be renting for a year or two when you make the move and you might be you know so he's looking for a job he's actually tacking down what he actually can make not what your theory is but we actually talk to real employers that are paying real money and say, okay. He worked out there for three years in that industry before we moved back to Minnesota,

so he does have a good deal for it. How long ago? What's that? How long ago? Four years ago. Okay. Well, that's probably fairly good information then. But I would double-check and go, okay, what is the reality today?

Maybe since you've left maybe there's a construction boom in denver so there's a shortage of heavy heavy equipment diesel mechanics i don't know which would drive the price up by the way drive his income if that happened and denver's pretty hot economic economy right now so i'm not saying that happened but i'm going to investigate real things not based on four-year-old only information. That's fairly good information, though. And, you know, I'm going to start saying, okay, what's it look like to move? And what would we have to do to do that?

And then you say, well, the move is going to cost X. Are we going to rent? Are we going to buy? We're going to make Y in income. And if he makes the other change, we're going to make Z in income. And you've got to compare that. So your question was, how do I do that responsibly? The way you do it is you find out actual facts, and then you execute a plan that is responsible,

where your income is greater than your outgo, and you have the money to move. Well, that makes it responsible. So you say, well, if we move there there he's going to make so much a year based on that we can only spend so much a year based on that we got to rent a price house that's at x rental rate or you know and then we can save up and buy later and you just look at that and you just lay it out the game plan. What's irresponsible is just to go, I'm moving to Colorado, and God is going to work it all out, to which God laughs and says, you're going to crash. That's irresponsible because the mind of man plans his ways, but the Lord directs his steps. God does not bless your impulsiveness and immaturity and irresponsibility when you call it Christian.

And you didn't say that. I'm just throwing that out as an add-on, okay, since I just finished doing the whole Bible study a minute ago on the whole tithe thing. So we'll just add it all together here. But anyway, I think you're being responsible by asking the question as a first step, and then you lay out the details of your plan and make sure the mathematics of your plan work. And you're not leaping off the dock hoping the boat is going to drive by at that moment. And I think you're going to be great.

Tracy's with us in Billings, Montana. Hi, Tracy. Welcome to the Dave Ramsey Show. Hey, Dave. What's up? Thank you very much. Really appreciate the opportunity. Sure.

I'm 61 years old, and I keep getting these letters from Social Security wanting to know what I want to do. And, you know, I'm still working. I'm on baby step seven. I am married. And, you know, I don't know. When is the best time to take advantage of that fantastic program i sense sarcasm tracy you would sense correctly well i mean the the trick to knowing when to take social security is to know when you're going to die and once you got that figured out then you can then you can

calculate it precisely okay um obviously the you live, the better it is mathematically to take it later because you're going to get a bigger check for a longer period of time, okay? Can I throw something else in there? Sure. I was actually intending to – I don't need it, so I was intending to invest 100% of it. However, then I found out that I don't get the full amount if I start early. So go ahead. I'm sorry.

Yeah, you don't. And the later you start, whether it's 62 all the way up to 70, the later you start, every year you would get more. Okay? But if you run some math out, you can actually run the calculations on their site. It's fairly easy to do if you run the math out in your situation and you say okay i could take it at 66 or 67 and i would get this amount okay and if i took it at 62 i'm going to get a different amount x versus y you follow me and uh the difference in those could be made up almost every time. You can run the numbers on it by taking every dollar from 62 to 66 that you get and put it in a good investment.

The investment returns will give you greater than the difference for the rest of your life. Almost every time. So it usually makes sense to take it early if you're going to do what you're going to do, which is invest every bit of it and let it run. Now, taxation comes into play. We used to working. All those other things come into play. You've got to look at that and figure out how much you're actually going to net, fooling around with whether you're going to or rate of return than they will pay you by waiting so that you take the total amount between that four years of X number of dollars a month into a good mutual fund will then from the rest of your life, that one account will make you more than enough to cover up the difference between your 66 account and your 62 account.

That payment amount, that's what it amounts to plus when you die that money that's in that mutual fund is part of your estate when you die with social security nothing that's what you get so that's what you get like you said it's a great plan if you run the numbers out on your social security folks you will discover it's about a negative four percent rate of return in your life only the government could figure out a way to talk everyone into having a something removed from their check that they make a negative four percent on and everybody fights to keep it in place and it becomes a political icon only in the united states government could they figure out a way to make that crap work and you guys all just listen i'll tell you what here's a plan i'm 58 years old if you never made me pay again you could keep everything that i paid to this point i've been paying into it almost 40 years

i've been paying into it 40 years you could keep all that i'll still come out ahead in the next 20 years not putting money in the stupid thing just putting that amount of money the amount of money you robbed from me in my check for this broken screwed up mathematical disaster see that wasn't even sarcasm that's just calling it out i could take the amount of money i'm going to pay in where you're ripping me off put that in a mutual fund and i would have more income than i will have having paid in and gave up the whole 40 years you guys can just keep that because your program's so freaking awesome you can just keep it that's the math it sucks that bad only the federal government could talk you people into doing this and let and you just like a bunch

of sheep yellow just take it out of my check and i just can't leave man we all just love it and god forbid that the democrats or the republicans ever tinker with this broken freaking system oh your grandmother's going to starve and it's going to be all your party's fault. What a crock. The whole thing is a disaster. Okay, got that out of my system. Tracy, your sarcasm turned into my rant. That's how this works around here. This is the Dave Ramsey Show. This episode is over, but if you heard about a product or service

and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.