The Ramsey Show - App - I Don’t Feel Like I Am Taking Care of My Family (Hour 2)

Episode Date: June 28, 2022

Dave Ramsey & John Delony discuss: Pulling money out of the stock market to buy a house Feeling like you are failing your family, What to do with your time after retirement,   Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey State, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work that they love, and create actual amazing relationships. Dr. John Deloney, number one best-selling author and Ramsey personality, is my co-host today. We'll take your calls about your life and your money. The phone number is 888-825-5225. If you've never tuned into the new Dr. John Deloney show, it is wildly popular on podcasts, one of the fastest-growing properties on the Ramsey Networks right now. You can call in there with questions about mental health issues and boundaries and relatives and kids and marriage.

And, boy, there's some fun stuff on there. And some of it's just crazier than a bean. There's some stuff on there. And some of it's just crazier than a bean. There's some stuff on there. I love listening to this show. But, man, there is some wacky butt stuff coming in on the phone lines. There's some stuff, man. People are going through it. People have some stuff.

Some people's kids. I mean, it's amazing. Some people's kids. That's the name of the book, Some People's Kids. Some People's Kids. Oh, my gosh. Yeah. But, I mean, there's a lot of pain, but there's also a lot of resolution, a lot of hope, because you do walk through.

I mean, psychology and mental wellness, mental health is such a taboo subject, because if you label yourself with one of the disorders or someone labels you with one of the disorders or you um accept that as your identity worse worse yet or you uh just decide that's crazy and you just start calling something crazy um and it's like uh all of a sudden it falls off into a whole different bucket of life. It just goes into a black box. And there's so many things, though, that people can do that are really common sense things in that world that you teach and that you believe.

And, man, I get a lot out of listening to it. Thank you. It's a good show. I appreciate that. It's very similar to money. It's just become overcomplicated and overprofessionalized and overdiscussed. And there are some-ish times that there are some very very complex issues most of the time most of us need to head towards simplicity yeah and do some things different common sense here and um

like no you can't act like that around me anymore yeah i'm not gonna accept that it's bad you know and i don't do that i'm gonna leave right i'm gonna choose to do some people that do you yeah i don't do that yeah yeah that's um you're gonna have to get a little distance like about a county or two between us here it's not gonna work it's it's interesting man uh you're gonna rage i don't i don't do raging you're gonna bully i don't do bullying. It's pretty interesting stuff. I appreciate that. Check out the Dr. John Deloney show at RamseySolutions.com

You can get the phone number. You know what else is up your head? Nope. 693-3291 Come on Kelly, help us out here. She's just looking at us. Daring us to not know it. Just go to the email. johndeloney.com

slash ask as there we go there we go and then you can uh then kelly will uh i've got your 888-825-5225 i got your number memorized our number our number i got the ramsey show number memorized okay good good we got that down okay we've solved all of these issues now you can call the dr john deloney show and solve the rest of them. Call this show for numbers questions. Because we don't know any of them. Mahmood is with us in Phoenix. Hey, Mahmood, what's up?

Hey, Dave, how are you? Great, man. How can we help? Well, so I started investing in, let's say, May 2020. So that's after COVID-19 slumped in the market. And back then I was living in a different country and I used to have an apartment that I used to live in without paying anything. And so my investment grew from

$100,000 to $180,000 in terms of my original investment. In the process, in 2021, I ended up moving to the United States and I got my first lease end of last year in Phoenix. And I came here with the intention, let's say, to buy property. So I had around, let's say, $120,000 in cash

to use for a down payment. During that period of time, the house and market and the rent and market has gone up extremely high. Particularly in Phoenix. Yes, exactly. And at this time, the stock market is not doing well. And I'm finding myself at a, let's say, a point where, like, either, like, my rent is going to go up by a certain percentage point, which might, you know.

Well, here's the problem. You're in a hot rental market, and you're in a hot housing market in Phoenix. No pun intended. It's 110 degrees there right now. But, you know, so you're damned if you do damned if you don't in a sense right uh so you're going to pay some money out for housing period to to live in phoenix right now it is um it's not a down market by any stretch of the imagination nor is it going to be anytime soon so so one thing to add here probably is i'm open to the idea probably to relocate it to a little bit of an affordable market this time in terms of housing.

But I think, Stan, like the rent-in market and the housing market here, as you mentioned, it's extremely hot. Yeah, it's just white hot. I mean, it's a wonderful market in terms of the economy. It's just booming. But it is making housing um rough so anyway wherever you're going to live take your time not two years but not two days don't get house fever and get all hot and bothered and pay too much for something so go take your time analyze the market that place the neighborhood you're looking at, work with a good real estate agent that knows their stuff, and don't overpay.

Don't overpay. And don't pull your money out of the market. Well, I would. To buy the house, I would. Oh, you would? Yeah. Oh, it's not retirement money. It's not in a retirement account.

All right. Mahmood, don't listen to me. It's not in a retirement account, right? It's not retirement money. It's not in a retirement account. All right. Mahmood, don't listen to me. It's not in a retirement account, right? It's not. So I'm just – Yeah, I'm going to use all the money I can get my hands on to do this deal then. The cash and the money you've got in the stock market. And I know the market's down.

It's not a great time to pull your money out, but it's – to John's point. But right now what I'm trying to do is just get you a house and then get it paid off as fast as you can. You have an ability to make money. You always have house and then get turned and get it paid off as fast as you can. You have an ability to make money. You always have, and you probably will continue to make good money, and you'll be able to work your way right through this. So you're going to take some losses probably on that stock market account, but that's not the end of the world. Go buy you a house and get you a good deal. But go slow. Don't get crazy.

Don't get caught up in the hype because the hype is about over. It's kind of slowed down out there a little bit in a lot of places. Now, not Phoenix. Phoenix is booming. But, you know, you and I had a friend the other day that bought a house, and the guy had it overpriced because he thought he'd, you know, he was going to get one of these California sucker fish coming in here to buy stuff. And that's what we call you, California people that overpay for stuff.

And so, but the... Got a good deal on it. But the guy, no, it wasn't. He bought it for market price. Oh, I'm talking, we have another friend. Same guy. He bought it for appraisal, but $60,000 under asking because the guy was fishing for sucker fish.

He wasn't, he was looking for a sucker, and he was overpriced. And our guy just said no. And it had been on the market three whole days, so the seller panicked and gave it away. This is the Ramsey Show. People all over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Health Care Ministries, or CHM, is a non-profit organization that helps members carry one another's burdens with health care expenses, and they have successfully shared each other's medical bills for nearly 40 years. See if CHM is right for you by visiting chministries.org.

CHM is a proud sponsor of Dave Ramsey Live Events. We are highlighting some discussions on insurance today. We're big on talking about the importance of insurance. Matt is with us in Greenville, South Carolina. Matt, talk about how insurance has impacted your life. Hey, how are you guys doing over there today? Great, Matt. How are you? Doing absolutely awesome.

So it was around July of 2020 when I was in a car accident. And thankfully, because of the coverage that we got through the coverage of an ELP, I was able to have not only money from the company, but also from our emergency fund to be able to replace that car within a couple of months but the funny part is it's a weird time to be buying a car wasn't it yeah but uh summer of 2020 yeah tell me about it but the funny thing was like not even six months later my wife was in a car accident. And so we had to go through the whole process again. No way. No, I am not kidding you. And it was and it was one of those just after we had recovered from that. Now we got to go back to

the emergency fund again to take care of that, along with what we got from the insurance company. But thankfully, we were able to replace that. And by the summer of 21, we were actually able to finish building our emergency fund, and now we're saving for a house. Very good. So you have a heightened awareness about all this insurance stuff for sure then, don't you? Yes, sir. So what do you tell somebody when they act like they don't need to worry about insurance

because you're like a walking claim? Yeah. It's not a matter of if it happens to you, it's when it happens to you. So I know it'll sound like a big expense and then one of those things that's just kind of ugh, but when it happens to you, you'll be glad that you have it. Amen. Amen. So you went through the Conf in your coverage series with george

camel right yes i did excellent he did excellent on that by the way he did i thought it was really good it was funny and fun and informative and it was short it didn't it didn't choke you down too much so what was the biggest thing you got out of that uh just the urgency to be to get this stuff done now it's not um and and one thing i tell people don't think about it as part of the baby steps just take care of it as soon as you can that's exactly right i agree with that completely well matt thank you for sharing all that that's actually great great input very very good stuff so if you want to see this five-video series, Confidence in Your Coverage, you can go to ramseysolutions.com slash confidence,

and it is a free five-video guide on insurance. It is short, it is fun, it is funny, and it is informative. So it's not too painful. George makes a pretty yucky subject entertaining, as often George does. So check it all out, ramsaysolutions.com slash confidence. Oh, by the way, it's completely free. Brian's in Omaha, Nebraska. Hey, Brian, welcome to the Ramsey Show. What's up? Hey, Dave, how's it going? Better than we deserve. How can we help? Yeah, so my question is, well, I guess there should be a little bit of backstory.

Me, my girlfriend, and my six-month-old, we moved out of the apartment that we were staying at. They were raising the rent on us, and then her parents decided to let us stay at their house until we were able to save enough money to either buy a house or rent another house or apartment. And basically, I feel kind of horrible for doing that. I don't feel like as good as I should because I know saving up is what we need to do. And I know I have some debt to pay off. So I want to use the opportunity to actually save and pay off as much debt as possible before the six months to a year is up that they had allowed us to stay. But I mean, I guess one of my questions is, is that the right thing that I did? Or should I have just kind of manned up and try to pay the extra money that they were

charging? And then also, I mean, what's the next step here? Because I know paying the debt off is a big one, but it just doesn't feel like I can do it in the amount of time that I'm being given. So let me jump in. Number one, paying an accelerated rent rate has nothing to do with manhood. Uncouple those. Number two, why do you feel awful? You said you feel awful. I've always been that type of person to never accept help. Okay.

You feel like a charity case. You feel like a charity case. You feel like you're failing your wife and your kid? Yeah. Okay. How old are you? 26. What do you do for a living?

I'm a mechanic for a dealership. Cool. What do you make? I haven't completed a full year, so I know I get paid about $2,800 a month. I think over a year, it could be $40,000, $45,000. Yeah, sounds right. And if you've completed your year, does your income go up? I am not entirely sure about that. I know after like six months they did it did come up pretty

good um but uh after a year i believe it should i just don't know how much are you asi uh as you know um i have a couple ases done but not completely certified um i guess that counts and then the dealership that I work for, they have their own training that they want you to complete. Does your wife work outside the home? She doesn't. We haven't been able to afford daycare, so she stays at home. Well, if she made $100,000 a year, you could afford it.

What does she do? Well, she doesn't work. I know. Does she have a degree i know she's in school right now um like i said i'm 26 and but she's 20 and she's going for uh our sociology so brian i i'll just take a page out of my own story. I took on the burden of student loan debt between me and my wife. I had about six figures. We did together. And ultimately, we sold our house, and I moved us at my insistence.

And she went along with it into a residence hall, a dorm, with a two-year-old. And I felt like a loser. And I felt like a loser. And I felt like a failure. And I looked at the math and I came to terms with the fact that the single most quote-unquote manly thing I could do would be to have a really hard year. An uncomfortable 18 months. And in that 18 months, we didn't spend anything and we paid off six figures in a very short amount of time. I took extra jobs. I worked like crazy. And in retrospect, I can't think of a better thing I did to stop the madness, stop the sunk cost, stop dumping money into my

pride and ego and to stop and say, I need help. And the help came through this area, right? And then we got to work and then put a period at the end of that sentence and moved on. Asking, should you have moved is you've already moved. So asking yourself that question is a waste of energy. Asking yourself, should you move again? Maybe. That may be another question to ask. But going back and debating that decision, you've already made it, man. Let that roll off. Don't carry that sucker around with you. How much debt do you have? About $6,000 in credit cards, $500 in school loans, $17,000 in car payments, and then... Who has the $17,000 car, you or your wife? I do.

It's the only reliable car we have, but right now I know that it's got some hail damage that is getting repaired. As soon as that gets repaired, I know I'm going to try and get rid of it as soon as possible. Yeah, good, and get you a hoopty and get yourself out of debt. It's a good time to be selling a used car. Okay, here's the thing. I don't know how mature emotionally your 20-year-old wife is, but she needs to make some income. Even if it's working from home, even if it's selling stuff on eBay, she needs to get off her butt.

And you need to get off your butt and figure out what your income is and how you can go make more. You don't even know what you make for sure. And you don't know what your promotion process is. You need to go get some money, both of you, and get this mess cleaned up and get your autonomy back and get your sustainability back. And when you get autonomous again on your own two feet

and both of you have a plan, you're going to be making some money and you're going to be winning again. But right now you're just wandering, living in your mama's basement, her mama's basement. Dr. John Deloney, Ramsey Personality No. 1 bestselling author, is my co-host today. In the lobby of Ramsey Solutions on the debt-free stage, Jack and Brittany are with us. Hey, guys, how are you? Hi there. Good. How are you doing?

Better than we deserve. Welcome. Where do you live? We live in Houston, or correction, Cypress, Texas, just north north of houston texas very cool welcome to nashville all the way up here to do a debt-free scream how much did you pay off we paid off 338 405 dollars excellent how long did this take about seven years and 10 months good for you guys i love it and your range of income during that time we started about 107 000 um and with a second job we are now about 200 maybe a little over good for you what do you guys do for a living uh i work in the fire department as a firefighter and my wife's a elementary school teacher oh cool what grade do you teach third grade oh fine yeah good for you thanks for being there thank you we need people like you out there right now.

Good stuff. Well done. What kind of debt was this? $338,000 over seven years. Is that the house? It is, yeah. Woo! It is.

It was a couple of small credit cards, some things we bought for that house, vehicle loans, and then, of course, last and not least, the mortgage. I love it. Look at it, Weird People people how old are you two i'm 36 and she turns 21 thursday thank you i'll be 35 on thursday happy birthday thank you way to go what's the house worth uh about 450 000 maybe you know maybe more 38 bids later i don't know and you own it and you're not even 40 i love it you guys are amazing congratulations thank you so seven years ago you're in your 20s and you decide you're going to be weirdos and pay off your house before you're 40 tell me about this story how'd you get connected to ramsey how'd you start this process

um we were introduced to financial peace through my sister and brother-in-law. Started watching the videos and just made the decision that we were ready to change our lives. Yeah. Yeah. I'm a, I'm a love math. I love numbers. So when we started looking at a bigger house as we grew our family, that started to scare me a bit. So I didn't really know if we could afford it and that kind of thing with growing the family and childcare and groceries and going out to eat and all that stuff. So, I mean, that's kind of how we got connected. We haven't ever really been bad with money. We're just disorganized, if you can say that.

Okay. But going into financial peace, you just said game on. Yeah, we did. Yeah, we laid out the plan as you said it, and it just went from there. Yeah. You know, the weird thing is that our data on people going through through financial pieces they average paying off their home in about seven years uh the average millionaire pays off their home in uh 11 years and the average millionaire listening to our stuff is 10.2 years so that that's actual hard data the other stuff's anecdotal but um the earlier one but you guys fit the mold exactly so well done you're well on your way to be millionaires and also so how much is in your retirement accounts uh well with the recent downturn of

the market uh that put us just under um so so you're millionaires yes yes you are yeah okay and as soon as the market turns back up a little you will be again yeah we're just just under the mark way to go guys and you're not even 40. Baby, step millionaires. Wow. I love it. And I'm just a fireman. I'm just a teacher. I could never make it.

By the way, the number three occupation of people who become millionaires is teacher. And so, wow. Y'all are the fun ruiners. You're the excuse takers. Yeah. Anybody who's out there whining, I teach third grade. I'm a millionaire, but I'm 35. Exactly.

How were you able to be a fireman without a huge F-350 all jacked up and a $100,000 truck on payments? Were you able to make it, man? Yes. It was tough. They gave it to you, huh? As we got further towards the end of our journey, our income is a lot. We're throwing a lot at the house.

And new trucks right there driving into the station every single night. It hurts. So it's rough. And they let you have it too, huh? Oh, yeah. That's their charm. They did. They're not millionaires. They don't have a paid-for house. That's rough. And they let you have it too, huh? Oh, yeah. That's for sure. They did. They're not millionaires.

They don't have a paid-for house. That's true. So you keep your dadgum truck. All right. I love it. That's just awesome, man. Wow. Way to go.

How does it feel? It feels great. It feels great. You ought to be a captain of your own destiny, man. I mean, you're incredible. Yeah. It does. This month, well, no now probably maybe a month or

two ago it's probably it's finally set in we paid the house off january 20 uh 24th i believe um and we really haven't had you know january i wreck we we do a lot of dirt bike riding uh as a hobby so our headquarters had a wreck, hurt my knee. I had to repair the bike and things like that. And then AC went out in the house, of course, two months after we paid it off. So just things like that happened. So it wasn't until about April or May when we really started, we don't have any plans for this extra money now, that kind of thing. Hey, imagine 10 years ago versus when your air

conditioner went out this time it was just annoying right it was it was annoying yes it wasn't what are we going to do you're not looking at two little boys saying what are we going to do right yeah that that's made the process so easy and that's with anything i mean with gas going up to five dollars a gallon just about i mean it's just an inconvenience for us really it doesn't stop us from doing uh what we enjoy you know and uh and um and you know we're still investing and saving and and and just cruising right along giving you know that's one thing that we've really um that we've really noticed is is it's just it's Yeah, what we can give back. Yeah.

Fantastic, guys. Very cool. Good for you guys. Thank you. Well done, well done. We're proud of you. All right, you brought the kiddos with you. What are their names and ages?

Bring them up. We have Trevor, who's 11, and Owen, that's 8. All right. Very good. Good job. Good job. All right, what was the hardest part of this for you guys? I mean, you know, we didn't have very many arguments over it.

You know, we both were pretty, you know, together on doing it. But that's, I mean, no real hard part except for just sticking with it, you know, and waiting for that light at the end of the tunnel. Like I said earlier, I was a numbers guy, so I wanted to throw just about every penny we had at debt and then, of course, at the house. So, you know, we had a few disagreements about what we put in the envelopes each week or each month. We do ours every week. But we had a few disagreements then,

and she helped work me me loosen up a little bit and release some of that grocery money and and fun money and things like that so absolutely well you should buy your own baby steps four through seven both those boys do have shoes on so that's good way to go you guys all right uh what do you tell people the biggest key to getting out of debt is? I think it's like the other debt-free scream said earlier, the budget and communication. You know, when we started, we were writing it down, and now, you know, we've kind of gone electronically. But communicating and having those discussions, being content with what you have. And I think it all comes back down to the budget. And we didn't stop spending.

We just put it down on paper and organized it and still did our snow trips once we got out of our consumer debt and still did some Disney trips and things like that. Intentional. But we just saved for it. It took us a year to save for it, but we saved for it. And just making the money behave all the way. That's it.

Ever go back in debt? No, sir. No, sir. Nope. Not even for an F-150. I got close. And I don't know how much time we got left, but I got super close and almost made a mistake, a very small mistake,

of taking another loan. And my wife and Brittany, she snapped me back real quick. I didn't save for a year for Disneyland for you to get an F-150. That's right. I love it. Way to go, you guys. All right, we got a copy of Baby Steps Millionaires at Financial Peace University and Total Money Makeover for you.

Count it down. $338,000 house and everything. Baby Steps Millionaires in seven years. Make it $107,000 to $200,000. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free!

We're debt-free! Yeah! Three, two, one. We're debt free! That's how it's done. This is the Ramsey Personality, is my co-host today as we answer your questions about life and about your money. Open phones at 888-825-5225. Max is with us in Salt Lake City. Hi, Max. Welcome to the Ramsey Show. Afternoon, gentlemen. I appreciate you accepting my call.

Sure. What's up? Yes, sir. So I'm a 50-year-old married male. I've been married for about seven years. I believe we could retire, but I'm not sure if we should. Okay. What's the goal here? What's the goal? What do you want to do? I guess that's the concern. We've been very fortunate.

We've played by the rules. I've had a spreadsheet budget that each tab goes back all the way to 1999. Wow. And so I have, it's kind of like a reading the rings on a tree. If you go to a certain tab, you can kind of see what happened in my life in that specific year. But we have four rental homes. We have one pension already secured, and we receive that each month. My wife works, and I also have another career now.

We should get a second pension in five years when I'm 55 through the military. And what is your net worth? Honestly, I don't know. We account for our full rental homes. They are paid off. We live in a fifth row. We've lived in a fifth row for about five years now so that we can have cash flow through the rentals. I would estimate probably $600,000, $650,000 net worth. And I guess the biggest concern, and you hit it on the nail on the head when you said, what's the goal? What I have found that for a very long time now, I've always had woken up and had a goal, had something I wanted to achieve, had something I wanted to, you know,

a medal I wanted to put on my chest a medal I wanted to put on my chest or something I wanted to put on my wall. I never thought that at 50 years old, I would kind of be lost because I don't know if we should go for a fifth home. I don't know if we should just call it good. We're making now 14.2 a month net. Our total expenditures each month outflow are about 2.3. And I kind of had this wild dream of, I've been a private pilot since I was 18, so 32 years. And I was talking to my wife that maybe, maybe someday I can take about $35,000 and go after an instructor rating. And maybe I can do that part-time until basically the FAA says I'm too old to do it. But then I don't think I'm going to make the return on the investment if I did that.

I guess I'm just looking for something to wake up in the morning for. But the money's easy. The numbers are easy. But now that we're here, I don't know. I do want you to change gears, though, from doing your duty, because you're a man of honor who's always done his duty, to finding something that you make money doing while actually enjoying it. And I don't care if you make a lot of money, it wouldn't make me mad.

The challenge about the question you're asking, Max, is you've ROI'd joy. You've put a spreadsheet to what matters, and you've spreadsheeted out relationships, relationships you've spreadsheeted out excitement you've spreadsheeted out happiness you've spreadsheet out joy and it's very hard to capture those things with it with it with a 10 key and the the challenge is you're asking a question what what can i go do what can i go seek that's going to fill that gap inside of me and that's going to come from gap inside of me? And that's going to come from the inside out, not the outside in. So the question Dave is asking you is a profound one. What do you want to do, man? Yeah. And so here, I'll give you a hint, okay? I'm going to send you Ken Coleman's career assessment and his new book from paycheck to purpose because what's missing

here is purpose yep um and uh I'll give you a place to look find something where you're serving other people and making their life better that makes you smile and then I want you to do that with great scale and go make a million dollars doing that because you're only 50. You've still got 20 or 25 good hard years of work that you can bring value to other people's lives. And by the way, if you do that in a proper way inside your skill set, they will give you, as my friend Rabbi Daniel Lappin says, certificates of appreciation with president's faces on them. When you serve others and make their life better, they are grateful. Just like when you have a great experience in a high-end white tablecloth restaurant,

you are more than happy to say thank you to the person who served you by leaving an outrageous tip. say thank you to the person who served you by leaving an outrageous tip and that's the way the economy should work is when we serve each other there's a transfer of wealth that results and i want you to get that because you've just been grinding on my notes here dave as he was talking you could see the word i wrote i wrote the word service i just wrote that word down as he was speaking the could see the word i wrote i wrote the word service i just wrote that word down as he was speaking the only way out of this trap is to go be about making somebody else's life better and it doesn't have to be a non-profit nope um you know we can argue that steve jobs

like him or not like apple or not made lots of people's lives better with these magic wands we carry around in our hands called phones that we can do anything with now and became bazillionaires because they made a bunch of life people's life better and we can go on from there or something as silly as you were with me at a park a few maybe a month or two ago and your wife and henry cloud had to peer pressure me into getting on a roller coaster because I'm terrified of heights. That's my thing. And the other day, you and I jumped out of an airplane together with a guy who – With parachutes, by the way.

With parachutes, yes. We made it. Otherwise, we would have left our mark. But somebody – Left it all on the field. Served us laughter and joy and overcoming fears. And that dude was incredible and he kept us safe and he walked us through it that's a service as far as i mean it was it was a thing

they were incredible incredible the team you know made skydiving not terrifying yes yes which is less than i can say about you pulling us on a tube behind your boat right but here's the deal i was trying to serve you sir you you served you up to the water i'm about 18 lake water right now yeah um but service can look like a lot of different things but it's going out and saying where can i bring people joy where can i meet a need in the environment in the world that's not being met and go do that thing for other people right absolutely yeah that that's going to help in this situation so mathematically you can do a lot of stuff you've uh got some pensions and you've got some margin and you've got some net worth

and you've got time um i do think you need to change gears oh i'll tell you the book you read i got it it's called half time by bob buford and Bob, the thesis of the book, for those of you that haven't read Halftime, it's an old book, but it's a great book, is that men, particularly males, when they reach halftime in the game, they go from acquisition to significance. And if you don't move from acquisition in the first half of your life to significance in the second half of your life if you don't make that move uh you're susceptible to midlife crises blondes and convertibles wow and so you're going to find significance doing something you're going to find excitement doing something in the second half first half is just grinding and acquisition is fine and by the way the first half is not a chronological thing. It's an emotional thing. I did my halftime at 28 when I went broke.

And so I reached the point after going broke, I don't give a crap when anybody thinks I'm going to do what I'm supposed to do. I went to significance, which is this thing has been done for 30 years now, plus 30 plus years. So I've been on the air for 30 years. But that's that whole movement. There's a movement there that's tied to the midlife crisis idea and all that kind of stuff. But, you know, you're just having a chronologically a little bit later halftime.

It doesn't mean you're emotionally stunted. That's not what I'm saying. But this guy, you know, that we're talking to here, Max. But I think, you know, hey,, hey, what's the next adventure? Look for an adventure of service. A man without a purpose is an untethered, scary, dangerous person. Go find a purpose, man. Yeah.

Yes, sir. Hang on. I'll have Austin pick up. We're going to send you a copy of that. Ken Cull, all of Ken's materials and assessment and the book as well, From Paycheck to Purpose. This is The Ramsey Show. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone.

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