The Ramsey Show - App - How to Stop Fear and Worry With a New Mind-set (Hour 3)

Episode Date: January 29, 2019

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Music Music Live from the headquarters of Ramsey Solutions, 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. Thank you for joining us, America. It's a free call at 888-825-5225.

That's 888-825-5225. Kendra starts off this hour in York, Pennsylvania. Welcome to the Dave Ramsey Show, Kendra. Hi, Dave. Great to talk to you. You too. What's up? So my family and I have just relocated to the area, to York, Pennsylvania, from D.C. And now that we're in a lower cost of living area, we're in a position to possibly buy our first home in cash. Cool.

My question is whether or not we should take out a small mortgage or a loan. We started looking at properties and what we can afford in our cash amount is kind of borderline in the properties that we'd be interested in. So I just wanted to take on whether we should still take out a small mortgage if we can get a little bit more house or something we'd be more interested in. Well, Sharon and I don't borrow money, so we would be limited to the cash that we have if we were in your shoes. It's the one debt I don't yell at people on this show for taking out. And obviously, if you did take out a mortgage, you would want to plan to pay it off very, very, very quickly. I couldn't do it.

You're free finally, and I couldn't do it. You're free finally, and I couldn't do it. I would have to buy what I can pay for, and then I would save aggressively and move in three years up into something I like a little better. But it doesn't bother me to move. I grew up in the real estate business. Our furniture was trained to jump on the truck on its own accord. And so moving doesn't bother me. Sharon and I have never lived in a home over 13 years. That was the longest home we've ever lived in.

And so I don't want to move every two days, but it's just the idea of making a move in order to do this right doesn't bother me. So that would be the way we would do it. However, what is your household income? We have gone down in income since we moved to the area, but it's now about $62,500 a year. And what is the small mortgage that you would take out? Maybe $20,000. And how fast would you pay that off?

Probably within a couple years. Okay. That's certainly not unusual. I mean, that's certainly not unusual i mean that's certainly not horrible i mean it is unusual to even be debt free and to have the idea i'm going to pay off my house in two years that that makes you officially weird right because the culture says be in debt 30 years right and just take out an adjustable rate mortgage and just buy so much house you can't breathe and pray it all works out the economy is going to bail me out and all that crap. And so the culture stays broke all the time because of that.

So you're being very conservative. How much cash do you have? About $180,000. In New York? That's not a bad house. Yeah. You're $20,000 off of the house you want. Really?

Generally, yeah. Let me make you a suggestion. When you walk up to buy a home and you have cash and you can close by Friday, that carries weight i'm gonna shop and buy a 220 000 house for my 180 okay that's what i'm gonna do uh cash talks you ever heard the start of the show cash is king yes that is dumb yeah a paid off home mortgage. It's like your call. Yes. I think you're sitting in a stronger position than you feel like you are. The real estate market, interest rates have ticked up from 3.5 to about 4.5,

and it has slowed the real estate market. It's definitely not in the doldrums. It's definitely not bad, but it was white hot. It was crazy, like 46 offers on a house over the weekend and that kind of stuff that's all just about gone depending on the area now i don't know how hot the york market is but uh york's a great town uh but it's not something that's like a white hot real estate market in my perception do you see that no no i mean it's not it's not in a recession or anything but i mean it's just kind of a medium everything's kind of going along at a like a normal

pace and so what i'm going to do is take my time if i'm you and i'm going to get the house i want for 180 cash okay for sure now that i hear the numbers it helps me a lot i didn't know what we were dealing with exactly if you had told me something like, we're going to buy a $60,000, we have $60,000, but we're going to buy an $80,000 or a $90,000 house or something like that, that's a lot more different house than $180,000 over $200,000. You follow me? Mm-hmm. You're talking about a 10% swing here and not a 30 or 40 swing so but at the end of the day if you took out a small mortgage i am i've already told you i emotionally couldn't do that once i've gotten free there's no chance you're getting me back in that noose again uh but uh but but the

uh but but if you did take out a small mortgage with the idea we're going to pay it off very, very, very quickly, as if it was like other people did a car loan or something, that's certainly not in the dumb column. We're not going to look up dumb in the dictionary and see your picture. I mean, that's not you. Okay, you're still going to be okay, and you're still going to be able to build wealth. of Bill Wealth, but I think, I really do think, my A1 choice in this conversation is take a little time and get a bargain because you're sitting on cash with a quick closing. And that's how I buy my investment real estate. I call them up and I go, we can close it Friday.

I mean, who else can do that? You can't do that. If you're sitting on cash, you can just, all we can do is, I mean, it's like, it's not a big deal to do the closing. It's like four pieces of paper. You know, I need a title policy and a deed. Closing statement. That's about it. And we're going to wire the money into your account.

You're just done. Your property's sold. And they're like, holy crap. I don't, you mean they're like their mortgage people didn't back out and the appraiser doesn't come? And there's no appraiser. I and the appraiser doesn't come? No, there's no appraiser. I'm the appraiser. I got the money.

That's your appraiser. And it changes the conversation. You can get deals when you lay cash on the hood. You buy a car, you lay cash out on the hood, just spread Uncle Benjamin Franklin out there. People will sell you a car at a deal. If not, pick up your bins and walk away, you know. And you're in a position you can do that. I really think you can get the house you want.

Now, it might be not the exact house you want because I'm also in the real estate business and I don't really get married to particular houses. There's one on every corner. And so, you know, I'm just looking at the deals, what I'm looking for. Now, Sharon, on the other hand, she might get more married to a particular house. But that one's ugly. You know, that's what she says. And then I have to deal with that.

But anyway, you're going to be okay. You're in good shape. I think you can get the deal. Take a cold shower. You've got a little bit of house fever. Slow down. You're in a position to do this right and get you deal. Take a cold shower. You've got a little bit of house fever. Slow down. You're in a position to do this right and get you a bargain. And that's what I would do.

I think you can do this. Good question. Good question. Way to go. Sounds like you've got a nice life there lined up. Love it. Very cool. This is The Dave Ramsey Show. Your goal this year is to get rid of your debt, but here's the deal.

In order to keep your momentum going past January, you have to make small changes that get quick results. That's why you need to attack your debts smallest to largest. I also recommend you look for ways to find extra money to pay off your debt sooner. It's there, I promise you. Take a look at your mortgage. If you call my friends at Churchill Mortgage and request a five-minute checkup, they can help you find extra money. Churchill Mortgage Checkup has helped thousands of my listeners save big. In just a few minutes, the Churchill team can tell you how much cash they can potentially save you, or they can restructure your mortgage to pay it off early.

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It is a huge event. It's a big deal. Call 888-227-3223. 888-22-PEACE. Lauren is with us in Kansas City. Welcome to the Dave Ramsey Show, Lauren. Hi, Dave. How are you? Better than I deserve. What's up? So I have about four lines of debt right now, and the largest one is my student loan at about $155,000. So I'm finally at a place in life where I can start to pay them, but I'm

trying to decide if I should start to pay them and do the 20-year forgiveness option or if I should tackle some of my smaller deadlines first. We teach people to get out of debt using the debt snowball for everything but your home, and that's where you list your debts, smallest to largest, pay minimum payments on everything but the little one, and attack the little one with a vengeance. You sell so much stuff the kids think they're next. You take extra jobs.

You don't see the inside of a restaurant unless you're working there. Total beans and rice, rice and beans, scorched earth. We're getting out of debt. That's how you get out of debt. Now, then, how much debt have you got not counting your house so i don't have a home i'm currently renting but for my four items i'm at almost 182 000 good lord and how much of that is student loan debt 155 are you a doctor or a lawyer i wish neither went to grad school out of state.

For what? What's your master's in? Healthcare administration. So what do you make? Net, I bring home about $45,000. You're kidding me. You spend $150,000 to make $45,000? Hindsight is 20-20.

Well, healthcare administration should be worth more than 45. How long have you been out of school? That's what you would think. I graduated from grad school in 2012. Okay. You've got some work to do on your career because you're in a deep hole because of these choices. And the health care field is a booming field, and somehow you've gotten stuck on the bottom rung of this ladder. Yeah, I agree.

Because people in the health care administration make a lot more than you're making, especially with a master's in it. So there's some kind of an application of what you've learned that's lacking or something else that's going on on the career side. Your biggest problem is your income problem. Okay. Now, having said all of that, here's the problem with a student loan forgiveness program. They're not doing it.

Ninety-six people have so far had their student loans forgiven, and several hundred thousand have applied for it after paying properly for ten years. Okay. It's not happening. You can Google online, failure of student loan forgiveness. Google it. You'll see 25 articles pop up. I read one the other day, as many as 250 people have now had their student loans forgiven,

but it's hundreds of thousands that are pissed because their loans have not been forgiven. They're not doing it. They don't meet the guidelines. They missed one little thing. They didn't have one T crossed or one I dotted or something, and that is not your path out. Your path out is your income potential that is yet untapped. Right.

That's what we need for you. We need for you to win. And you wait on the government to fix your problem, you're going to have another problem. Like 20 years later, you're going to be really, really angry. And that's not going to work. I would not wait around on them to fix this. It has not got a good track record. Read up on it.

Research it. See if I, you know, there's tons of articles out there floating now, detailed stuff by legitimate journalists that are showing the details of all of the student loan forgiveness debacle. It's a lie. It's not been followed through on, and they're catching everybody on little items they're not following through. It's just a mess. It's a real mess. I would not leave my destiny, especially with this much debt, in the hands of those idiots.

No, I would not. Thanks for the call. Michelle is in Little Rock. Hi, Michelle. Welcome to the Dave Ramsey Show. Hello. It's a big honor to speak with you. You too.

Well, I have a question. I have a son that just graduated college in December. He graduated with his electrical engineering degree. He did it all right. We warned him years ago that dad's a teacher, I'm a stay-at-home mom, and we told him from the beginning we would not be able to pay for college. And he did what he should do, and he got scholarships and has graduated as an electrical engineer with no debt. Good for him. And he just got married two weeks after college graduation.

Great. And started his first real job the week after that. Great. And last week, he got his first real paycheck, which is telling me that basically his first year out of in the workforce, he will double his father's income. And we are kind of at a loss as to how to guide him because we want him to start off the right way but money is not something we've ever had much of okay and you know as a parent trying to make sure that he's making the best choices with this uh new tool of his yeah you have a great heart and you are very wise in the way you're looking at this and the way you're asking the question. So he and his wife, what is their attitude towards your position on this?

Are they willing to accept help and guidance, or are they smart ankles and got it all figured out? No, they have absolutely, they've been asking questions, looking for help. Both parents on both sides, you know, live modest, middle-class lives, you know. Well, I suspect you know a whole lot more about money than you're giving yourself credit for because you're making a living. You're living on less than you make. You're, you know, you've communicated values and hard work to him. And his income, oddly enough, is not going to be the great bonus of his life. The great bonus of his life is the values that you've taught him applied to that income is going to cause him to be very wealthy if he sticks with that.

So if he's got the right attitude, here's what we're going to do. Where does he live? He lives in Conway, Arkansas, which is not far from Little Rock. Perfect. Here's what we're going to do where does he live um he lives in conway arkansas which is not far from little rock perfect all right here's what i want him to do i want to give them his wife into a little single wide trailer and they have their two little paid for cars and i love these guys no debt listen i love these guys here's what we're going to do okay we have a nine-week class called financial peace university that teaches you how to handle money teaches you about budgeting about debt debt, about investing, about saving,

how to get rich, how to not be poor, how to make money behave. It's the class you and I should have been taught in high school, but we weren't. It's nine weeks long, and it includes a one-year membership, the whole thing online as well. And that's called the Financial Peace Membership and the whole budgeting app and everything. It's $100 to go through the class. I'm going to give it to him and his bride as their wedding gift because his mom is so wise. Is that okay?

That would be so fabulous. Yeah, you hold on, and I'll have Kelly pick up. And the only thing I require is that both of them attend every class. If it's free, you have to go to the classes. Hold on. I'll have Kelly pick up and we'll get it for you. Do you know who is a prime target for identity theft? Your children.

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it's just the smarter more affordable way to protect your entire family and it's the only plan i provide to my team zander.com or 800-356-4282. I don't know about you, but no matter how smart I get, how knowledgeable I get, how wise I get, taxes make me feel stupid. Because there's 80,000 million volumes of regulations. There's no way you know them all, right? And taxes are just, and I hate paying taxes to start with. And I hate, worse than paying taxes, the only thing I hate worse than paying taxes is paying too much tax. Tax I didn't owe because I was stupid and didn't know I could have taken this deduction or could have done that.

That just drives me nuts. Amy's one of our fans, and she had a whole different experience after working with a tax-endorsed local provider. I've never had someone try to help me understand how taxes work until I worked with this ELP. There's an expression, if you can't explain it to a fifth grader, you don't understand it well enough. And she helped me fully understand it. We found our new CPA. Thanks so much for pointing us to her. See, that's what a professional does.

They put the cookies on a shelf where you can reach them, right? I mean, what good are the cookies if they're on a shelf you can't reach them, right? They're just so smart. They're of no value. I mean, you ever meet someone that's so intellectual that they have no sense? I mean, that's what people around taxes are sometimes, not our ELPs. Our tax professional endorsed local providers have the heart of a teacher, and they will help you not pay more than you owe now

integrity says we need to pay every single penny that we owe it's the law and it's our integrity doesn't mean we like it it doesn't mean we're endorsing either political party it means we're following the law it says something about us it doesn't say anything about the government when we do the proper thing and pay the exact amount we owe, but not a penny more. Not a penny more. This is an inefficient use of money. Oh, that was kind. So go to DaveRamsey.com slash ELP for taxes, or just go to the front page and click ELP.

Endorsed local provider. They're local. They provide help, and I endorse them. And that's how the ELP works. Nicole is in Atlanta. Welcome to the Dave Ramsey Show, Nicole. Hey, Dave. Thanks so much for taking my call. Certainly.

How can I help? So my husband is currently transitioning out of the military, and thanks to a nice tax refund and the severance we're getting, we are going to be able to be debt-free and have our three to six months' expenses completely saved. Woo-hoo! Yeah, it's very great. But we're moving back to his hometown.

I'm going to be attending, getting my PhD, and we're kind of on that fence of whether we want to buy a home or whether we should rent because we wouldn't have a down payment at the time. I'm tired of renting a home, so, of course, I want to buy a home, but I think we're a little bit weary about not having that down payment and doing the VA loan, so I kind of wanted your input of which way you think we should go. Is your husband a disabled veteran? We'll find out.

We should be getting some disability. Okay, if he is a disabled veteran, a bunch of the fees on the VA loans are waived, and the VA loan is okay. If he is not a disabled veteran, then the VA loan is a very expensive loan, and it is not a good loan. Okay.

I would not use it. The down payment is part of the issue, but the fees and the interest rates and everything else, it's just not a good loan. Between VA, Fannie Mae conventional, VA, FHA, and conventional, conventional is the cheapest, FHA is the next, and VA is the next. So I would only recommend a conventional loan unless he is a disabled veteran, and then enough of the fees are waived that the VA becomes competitive, at least, with the other. Now, your emergency fund's in place.

You have a limited down payment on a first-time home purchase. I'm not going to scream at you about that, but running around buying a house on a bad loan only because you don't have a down payment means you're not ready. Okay. Okay. So you don't do this unless he gets the disability that allows them, the type of disability that allows them to waive the fees on the VA loan.

Okay. And you'll have to check with, you know, once you get your disability settled and you find out what it is, then you talk to your mortgage company, talk to Churchill Mortgage about it. They can tell you whether or not that, you know, the level of disability that he got qualifies to have all of the gotcha fees waived because the VA is not a good loan. That's sad because you're veterans and the whole purpose was for it to take care of you, right, and to do something nice for you, but it doesn't.

It's just a bad idea. So, no, don't do a VA loan unless all the fees are waived, which means you're going to rent for a little while and save up your down payment. And that's okay. That's okay. You'll get there. And thanks for serving your country. Chris is with us in Atlanta.

Hi, Chris. Welcome to the Dave Ramsey Show. Hey, Dave. Thanks for having there. And thanks for serving your country. Chris is with us in Atlanta. Hi, Chris. Welcome to the Dave Ramsey Show. Hey, Dave. Thanks for having me. Sure. What's up? All right. Twenty-five years old.

I've got a $40,000 income. I've got a car loan, and I'm kind of wanting to know if I should continue the loan or sell it. I've got a 2016 Prius. I got new from the dealership. Kind of a big mistake there. It got a 2016 Prius. I got new from the dealership. Kind of a big mistake there. It was a few years ago. I've got $13,800 left on the loan for a $24,000 loan for 1%. So you owe 14.

Right. And the car is worth what? The car is worth, for a private buyers, $17,000. Okay, so you could get out of it. And how much other debt do you have other than the car? I've got $3,000 in credit card debt. That used to be $10,000. I've knocked it down a lot the past 10 months.

And that should be done within the next six to seven months. My bottom line here is to be able to get 20% down for a down payment on a house, but I kind of want to see if there's some more room. How much other debt do you have? That's it. I've knocked down all my student loan debt. All my credit card debt's consolidated into $3,500. Not counting the fact that you purchased it wrong and that it's kind of big old payment looking you in the face,

the actual car itself, do you like the car? To be honest, it's a Prius. It's got 40,000 miles on it. It's been so reliable, the 53 miles per gallon. The answer is yes? Yes. Okay. is yes? Yes. Okay. All right, good.

Then you don't have to sell me a Prius. I don't want one. But if you like it, it's okay. So that's the point. You like the car. Okay. You like the car. So here's the deal.

The two rules of thumb we use is this. Number one, can you be debt-free 100% within two years? The answer is this. Number one, can you be debt free 100% within two years? The answer is yes. Okay? Okay. Number two, you don't want to own things with wheels and or motors all added together that equal more

than half your annual income because everything with wheels and motors goes down in value. And you don't now unless you own something else. Nope. Okay. So it's less than half your annual income, and you can be debt-free in two years, and you like the car.

I would just fight through and get it paid off and keep it. Okay. All right. Because it seemed like the mentality was just pretty much get rid of it and get a beater. It depends on what it is, because a lot of people that call me here on the air, they make $40,000 and they owe $22,000 on their stupid car. Right. And that's a car you sell then, okay?

But you owe $14,000, $13,800, right? Right. And so $16,800 gets you out of debt making $40,000, and you can do that in two years easy. Easy. You've been doing it faster than that anyway. So you're probably out of debt in about 18 months so the point of all this is don't have too much money tied up in things that are going down in value and the largest thing that we buy that goes down in value is a car these are things that these are two things that prohibit you from

building wealth and we're attacking that in this conversation in a good, wise way. So you're going to be 100% debt-free driving a car you like in 18 months, and then you will build your emergency fund, and then you will build your down payment on your house. You're 24, so that's going to put you at 27 or 28 years old rolling into a house wise. Beautiful. I appreciate your advice. Thank you, sir. Well done, Chris. Good job, Beautiful. I appreciate your advice. Thank you, sir. Well done, Chris. Good job, man.

I love it. That's 24 years old. Some of you are 44 and you're twice as stupid as he is. He's 24. You tell me these millennials are horrible. I love these millennials. That kid is smart as a whip, man. He's smart as a whip. He's whip smart. I love these millennials. That kid is smart as a whip, man. He's smart as a whip.

He's whip smart. I love them. They're awesome. I just love them. Oh, man. They're everywhere, too. I get so much hope for this place. We're going to be okay.

This generation's good. I like them. This is the Dave Ramsey Show. Our scripture today, 1 Peter 5, 6-7 Humble yourselves, therefore under God's mighty hand, that he might lift you up in due time. Cast all your anxiety on him, because he cares for you. Rosa Parks said, I've learned over the years that when one's mind is made up, this diminishes fear.

Knowing what must be done does away with fear. You know, it does away with worry, too. Fear and worry, I guess they're best friends. But, you know, when something's kind of coming at you and you're just, you know, it's like, golly, man, golly. And you just go, you know what? We're just going to deal with it i'm not going to worry about it we're going to deal with it and once you just set your jaw and you're resolute you set your mind

and you're resolute to knock out whatever it is that's coming at you we're going to deal with this we can deal with this we're going can deal with this. We're going to deal with this. Then you're in a position mentally to do that for the first time. But we spend an immense amount of our energy fretting about what might be only to find out it never was. Dale Carnegie used to say 80% of what we worry about never occurs. I'd say that's about right, really. Sometimes stuff does occur, and it can make you afraid, or it can make you worry, which is, I guess, a form of fear. All of us face that. But then you just go, no, you know what?

I don't really want to have to deal with this, but I have to deal with it. So game on. Bring it, baby. Let's go. Game on. When you do that, it changes everything. Open phones here at 888-825-5225. Diane is in Boston, Mass.

Hi, Diane. How are you? I'm great, Dave. God is very good and has been to me. Good. How can I help? A month and a day after I turned 18, I was in a severe car accident and thrust into about half a million dollars in medical debt. And it just kind of lingered over me.

I'm now 31. I'm on disability. I'm a single mother. I'm now 31. I'm on disability. I'm a single mother. I'm sure you can hear in the background. And I just, I understand the whole snowball effect. I'm still sitting on this, just half a million dollars in medical debt. And what is your income? I'm on disability.

I'm 16 a year. $16,000 a year. $16,000 a year? Yep. Okay. Alright. And what is the nature of your disability? I shattered my skull. I've had five open brain surgeries and a sixth of my brain removed. Goodness gracious, kiddo. Wow. Like I said, God is good. That was all from the car wreck? Yes. And you had no health insurance?

I was in high school. So everything that was covered was covered by the auto insurance my parents had. But there was no health insurance to cover you? I have no idea. It's something my parents refused to talk about. Some of these brain surgeries have been covered by health insurance from disability, and I'm a go-getter, so I had a job for a long time.

Okay. And I take it there was not another party that was at fault right no i hit black ice at 20 miles an hour texting and driving oh okay 20 miles an hour correct two zero wow oh it takes my breath away okay um, there's a lot of extremes in your story. And you're right. You're walking in perfect peace that passes all understanding. And it does pass understanding that you're doing that, which is wonderful. And I'm glad you're there.

Number one, they're not going to come after you because, legally speaking, you're what we call judgment-proof. They cannot take disability income. You don't have anything they can get. By being in that status financially, you don't have anything they can get. They're not going to sue you. I suspect they haven't. No, nobody has.

Yeah. And is the vast majority of these bills 15 years old or 13, 14 years old? They are all within the last 13 years. Yeah, but how old are they, the big ones? The last major surgery I had was seven years ago. Okay. And so out of the 500,000, how much of it is 10 years old or older? Probably about 300. Okay.

And then the rest would be between 7 and 10? Correct. Okay. All right. There's a statute of limitations in most states on collecting outstanding debt. You've passed that, I suspect, in Massachusetts. I don't know the law in every state. I'm not an attorney.

All of this happened in Illinois. I've only lived here for a year. Okay. Well, then I guess Illinois is where it would apply. All of the surgeries occurred in Illinois? Yes. Okay. Then you'd have to find out from an Illinois attorney what the statute of limitations is. But if they don't collect the debt within a certain period of time, it's uncollectible.

They cannot collect it by law. I suspect that they looked at your situation and said um we're not getting this money and on to the next patient you know and i think that's what they did which was an act of mercy albeit apathy type mercy but it was still mercy and so um i suspect you don't have any debt. I think you might be debt-free because this is uncollectible debt, A, due to your status, and B, because it is past the statute of limitations to where they can collect it. Now, if someone hands you a million dollars, if I were in your shoes, I would go back even though it's not legally owed anymore because of the statute of limitations, and I would at least make some kind of settlement offers, okay, because they have taken care of you, right? And I would do that.

But in your shoes, you're a single mom making 16 with repeated brain surgeries and brain injury. I'm not going to put on you that you have to fight and scratch and claw through a half million dollars on some kind of a moral basis. You don't. I would just walk in grace if I were you. If you want to have a little more peace from a tactical legal standpoint, and I probably would if I were in your shoes, I might say, is there an attorney that goes to church with your parents where you used to go or something like that

that would answer a question for you as a favor and say, you know, the statute of limitations is run on this. They can't collect. You don't owe any money, and don't worry about it. And put it in a file and put it in the back of your file drawer for someday when the next miracle of your life, because your life, you're a walking miracle, when the next miracle of your life occurs and you have $2 million in your hand, if you want to go back and, quote, settle up at that point, you can, unquote. I'm just amazed.

It's all still on. It's showing up on all of my credits. Yeah, you can probably get it taken off, but that doesn't matter. You're not going to be borrowing money anyway. Oh, no, I've never had a credit card. I actually got a credit card because I needed to get a car, a rental car. Yeah, you can do that.

You won't take my debit card? Are you kidding? Yeah, well, you can do that with your debit card. Just stay tuned. There's some big stuff coming on this show in the next few days. But, yeah, you're going to be fine. Wow.

I think you're debt-free. If you want to do some stuff to clean off your credit bureau report, you can. Because it's past the statute of limitations, you can. If you dispute something that's on your credit bureau report and they don't respond or you have an argument, then they are required by law to take it off. So you could go through item by item and dispute these. But before I did that and stirred them up, I would want to know that it's past the statute of limitations. That's what you're looking for, the statute of limitations.

Hold on. I'll have Kelly pick up. Kelly, see if we can help her with collection bully, if one of those guys can help her maybe. She's not being bullied, but see if we can just get her the information if we can help her. That puts this hour of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Hey guys, this is Blake Thompson, Senior Executive Producer of The Dave Ramsey Show. Did you know over 15 million people listen to The Dave Ramsey Show every week? And a lot of those people listen to one of over 600 radio stations across the country. To find a station near you, head to DaveRamsey.com slash show.