The Ramsey Show - App - I Have to Split My Car's Proceeds With My Ex (Hour 3)

Episode Date: June 22, 2021

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, 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. I'm Dave Ramsey, your host. Christy Wright, Ramsey Personality, number one best-selling author of the book Business Boutique, is my co-host today. Open phones at 888-825-5225. Ashley is in Sacramento to start off this hour.

Hi, Ashley. How are you? Hi, I'm good. So, Dave, I've become a single mom, and I have a CarMax vehicle appraisal for $45,000, and I'm still in a divorce process, and so I owe my husband half, and that leaves me $22,500 to spend on a used car. Of course, I'm not going to use that whole amount and I need help making a decision whether to sell it through Tread privately or trade in at CarMax or I don't know, anything you can think of to help me to make it easier would be great. And I do have young kids, so that's the day I might not work, I think. Is the car paid off? Yes, it's paid off.

Okay. What other assets are being divvied up in the divorce? We have mutual funds, and we have the, uh, house sales proceeds. Um. How much? And whatever's in the bank. Uh, well, the calculation came to, uh, recently came to, I think I get like $12,000 after everything else. $12,000 your part from the sale of the house.

Yes. What about the mutual funds? He went and divided out of $66,000. He decided to transfer about $33,000 to a Charles Schwab account for me, but it's still a joint account. So that's still being to be determined. So I don't know. Okay. I don't know.

So is the divorce decree final, or are you guys still in mediation and negotiation? Exactly. The financial part of it, anyways, yes. Is what? Is it in negotiation? Yeah, it's still in negotiation. It's been over a year, which I don't know why it's taking so long. So why do you need to sell the car now?

That's what I want your advice on, because it's paid off, and it's expensive for me to maintain. The oil change is like $100. I do get one more free oil change. It's a fairly new car. I don't think I should rush into trading it in, I think. Did you say you're working? Have you got a career? I've been a stay-at-home mom for five, six, six and a half years.

And I recently got an Instacart job to do on the side when my husband has the kids. And I also do Uber and Lyft and GoPuff and you name it. For now. it's temporary. What's your long-term plan on your career? I know I don't want to go into school debt, but then I'm starting to wonder if I go to trade school or something, become a surgical tech, that I don't know if I should do that because I have such young kids. I have to find a stable babysitting, and I've been working on that.

What did you do before you had kids? Did you work? I did some computer work, and I did, like, iPhone repairs and just network, like computer network. But, you know, I had not done that for a long time. I wanted to sort of steer away from that, but I'm going back and forth whether I should just go back to that, you know, what I used to do.

Well, what you used to do doesn't exist anymore. It's five years ago. There's no such thing anymore. Technology moves faster than that. I'm not saying you shouldn't go back into technology but what you used to do is not there well so uh go ahead well i'll i'll let dave speak to the money in the car and all that but here i just want to call out something i hear in your voice ashley what i would love to see you do is take small steps of action that are going to

get your confidence up so if it takes leaning on your previous skills in computer work and now you're going to look at being a virtual assistant that you can do from home during naps, after your kids go to bed, after school pickup, that's going to get your confidence up. I hear it in your voice. Like you've been through the ringer this last year. You've got all these looming decisions that are overwhelming you. I want you to take small steps, get quick wins that are going to get your confidence up and help you see, hey, I can do this.

I can do this. I am doing this. I'm going to do this. And so I just want to encourage you, whether that's looking at the skills you had in the past and exploring how to use those now in a creative way through a side business or home-based business. That's my advice to you from the work side. And then I would find every aspect of your life to in this season while you're overwhelmed, make it as easy on you as possible. What can you do to make your life as easy on you as possible as you walk this out and

come out on the other side through healing? Absolutely. So have you got an attorney, obviously? She's so expensive. I owe her, I think, um about nine thousand dollars in debt and i can't even let go of her services until i tear off so okay uh you need to verify with one phone call not a big long hourly rate or something that how you get those mutual funds that 33 000 out of a joint account into just your name.

It is. I have access to it. No, you have access to it, but you said it was a joint account. Yeah, they don't want us moving any money right now. Well, he did, and he moved it into an account that still has his name on it. Yeah, he did, and I don't know what they still has his name on it. Yeah, he did. And I don't know what they're going to do about that. Yeah.

I tried to take $9,000 out of the mutual fund to pay my lawyer so that way I can, you know, let her go. And I guess his lawyer made a huge fit about it. And so I had to put all of that money back into the mutual fund through Charles Schwab. That's how serious they are. So how are they letting you sell the car then? It has to be written by my husband, and he did give me a written email, you know, letting me know that he'll allow me to sell it under these conditions. But I still have to give him half of it.

Yeah, I know that. But the mutual fund is already your half, so I don't understand why if he took the other half and you got half, why it still has his name on it or is under his control. It's not that it's under his control. It's that the courts have not made a decision yet. Yeah, so where'd the other $33,000 go? He put it in a different, I think he put it in a different i think he put it in a different um mutual fund yeah i smell a rat so i'm worried about that yes you need to sell the

car at and even if you do it at a car max that's fine and then get you a car for about ten thousand dollars and start working on your career side what i was trying to do is get you in control of some of this money which will give you some of that confidence that Christy was talking about. That's where I want you to head towards as fast as this ridiculous legal system will allow you to do that. And get your attorney paid and move on your way. But you've got to create an income going forward. That's my big concern for you right now. About a $10,000 car is what I would do if I were in your shoes.

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So we're trying to decide how we're going to be getting a lawsuit settlement here in the next week or so, and I'm trying to decide what's the best way to use it, whether we should, you know, take away whatever we think we might owe the IRS, which I have no idea what that would be, and then pay off what debt we can with it. Or we are also planning on moving out of state to either South Carolina or Tennessee in the next year and a half. So we are also thinking of trying to take that money and put it into our house, and we have an opportunity to rent a house

that's about $150 less than our mortgage is right now, and then just sell our house now while the market is hot and get as much as we can for it, and then whatever we get from that, use that to pay off all of our debt. That way, when we are ready to move, we can just pick up and go and then not have to worry about selling the house.

Gotcha. Okay. A lot going on with you. So what was the nature of the lawsuit? What happened? It was an employer discrimination suit. Okay. And you guys were the employee? Yes. And how much is coming? The settlement is for $45,000, and then I'll have to pay, I believe, $9,000 in attorney fees, and then whatever the IRS takes from it. Okay. Well, you need to see a tax pro on this because it'll depend on whether it's considered punitive or compensatory,

meaning it's compensation as to whether it's taxed or how it's taxed, and I'm not sure. All I know are those two. At least since it's a government office, it's probably, there was no punitive, so I believe it would all be taxable. Okay. So it's probably taxable at your standard rate, then, your tax rate. But talk to a tax pro.

Don't just guess. Okay? Yeah. but talk to a tax pro don't just guess okay yeah but my guess is that you're probably going to set aside another nine or ten for taxes okay that's my guess uh because it would be net of attorney's fees it wouldn't be uh i think i think so i think you know the uh the fourth of the 36 would get you there pretty close so uh we'll set aside another nine for that, nine for the attorney. That puts us at 27 that you've got left over. Now, how much in repairs are due on the house, and how much debt do you have?

The house is mostly cosmetic. It's carpet, painting, deep cleaning, stuff like that. It's mostly cosmetic put a number on it put a number on it i'm guessing maybe 10 to 10 000 how much debt have you got uh minus our mortgage probably around 70 to 80 and that includes student loans and vehicle and credit cards okay What's your smallest debt? My student loans are probably about $4,000 to $6,000 maybe, maybe $4,000. And we have credit cards that are smaller than that,

but in general added up they're more than that. And how much do you owe on the cars? A car probably about $15,000 to $20,000, and then the other car maybe a couple of thousand. Okay. And what's your household income? Probably about $105,000. And what is your house worth?

Between me and my husband. If you fix the house, what's it worth? We just refinanced like six to eight months ago and it was appraised at 180 but the houses in our neighborhood right now because of the market are have sold for no less than 215 okay all right and what do you owe uh probably around 140 okay all right so yeah i with you. Let's fix the house and sell it and pay off all your debt. Okay. But let me tell you the whole in your whole plan.

You're guessing at all your numbers. You don't know a single number. You don't even know your income. Everything sort of kind of. Everything sort of close. I don't even know your income. Everything's sort of kind of. Everything's sort of close. I don't know. I don't know. You need to get exact bids on the rehab. Don't spend 30, but, yeah, 10 makes sense.

But exact bids. Run a project here. Run a budget. And then you need exact bids on all of your debt. Now, when you sell your house and you become 100% debt-free, paying off everything, which you should have enough to do that with the extra $17,000 you've got on this, too, then you have to change your habits for the rest of your life. So you have to cut up your stupid credit cards tonight.

I am more than willing. It's getting the other half to do all that. Well, then don't sell your house and pay off the debt. Because if you sell your house and pay off the debt and you don't change your habits, you're going to be right back in debt, and this whole exercise was for nothing. I know. We haven't been using the credit cards. He just doesn't.

He's uncomfortable not having any. I'm uncomfortable with how stupid you all have handled money. I am very much also. We have been trying to dig ourselves out of this hole for the last 10 years, and we had a very small shovel. Yeah, well, no, you have a $105,000 shovel. You've not put much effort towards the digging. Well, that's accumulated in the last year or two.

The bigger, we have significantly raised our wages in the last two years. Yeah. So here's the thing, okay? You don't know your numbers, and he's not serious. You guys are going to mess this up if you don't change your spirit on how you're approaching this. I don't care. It's not going to affect me. You do whatever you want.

But this advice might be bad advice if you don't change your spirit. If he doesn't say, I'm chopping up the credit cards, we're going to get on a budget, we're never coming back here again. Because you just gave up your house for a stupid car and some credit cards. All that equity. It made me think of, Dave, I went to the University of Central Florida in Orlando in my last semester there. So this was the first semester of my sophomore year. I did terrible in school. I wasn't focused. And my last semester there, so this was the first semester of my sophomore year, I did terrible in school. I wasn't focused.

And I got bad grades. Well, when I transferred to UT Knoxville, they took my credits. But my GPA started over. And I was so grateful. You got a do-over. I was so grateful. I busted it and got a 4.0. You've got to see this for what it is.

It's a fresh start. It's a clean slate. If not, you'll mess it up again. And you'll be in the same boat but not have a house to bail you out the next time. I did not know that's why your GPA was false. I didn't know your fabulous GPA was a false. It was not false. I earned it.

I just earned it sophomore year. No, you didn't. I earned it sophomore year. It's not an accumulation of all your grades. It's an accumulation of all your grades. It's an accumulation of two and a half years. Well, the thing is, you did learn your lesson, and you did start over. So good metaphor.

We'll discuss the other part later. Hey, I got the piece of paper that proves it. I got it. That's the story I'm sticking to it. You know what? We didn't even ask your GPA when we hired you, so there you go. No, you don't care. I just care if you get the job done. You teach that. Do your work.

That's right. Get your work done. Oh, that's fun. This is the Ramsey Show. Thank you. We'll be right back. Christy Wright Ramsey Personality is my co-host today. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. Scott is in Tampa, Florida. Hey, Scott, how are you?

I'm well, Dave. How are you doing? Better than I deserve. What's up? So I just had a really quick question for you. I've been listening since 2018. I didn't know it, but I was on the Dave Ramsey plan to get debt-free, but didn't have the right mindset. So thank you for that. Over the last, I don't know, 10, 15 years, you know, I've had different jobs in a 401k here, and I rolled it into annuity, which was a bad idea. That has now been transferred to another traditional IRA. So what I have now is my nest egg, if you will, divided among three locations. My question is whether or not that should be one place or it's okay to be three.

It's not the end of the world. I have all of my mutual fund investments with one financial advisor. Now, there's different account numbers. I have many, many different accounts from different events that have gone on you know every time you roll over a 401k to an ira that creates a different account you can't combine those and so you know i moved to sep one time and then i changed it to a roth and you know and so i've done some moves like that so i've got multiple accounts but they're all with one advisor and that's just by choice you just yeah yeah because here's two benefits i get of that one is my three benefits one is my wife knows where all the money is if i die

okay right she calls one guy uh two uh i get a consolidated statement of all those different um uh accounts and i don't have to try to pull them together myself i can just look down at the Two, I get a consolidated statement of all those different accounts, and I don't have to try to pull them together myself. I can just look down at the email, click on it, it opens up, and there it all is, right? Real simple. And three, you know, my investment directives and that particular SmartVestor pro that handles my personal stuff and i are in a line so i don't have to think about one account is being managed by someone that thinks differently than i do i've got one guy that thinks like i think we're in agreement we're in alignment

and so it's very very smooth and he can call me up and go hey there's this going on maybe you want to do this and i went yeah that's a good idea let's do it and that kind of stuff and they'll remind me once a year to do my backdoor roths and uh all those kinds of things so it's just a it's a a streamlining of information of values of location there's not any technical mathematical advantage to that. If you had three accounts with one advisor and they were in the exact same thing that they're in with three different advisors, you're going to make exactly the same money unless the advisor is charging you differently in some way. But other than that, there's not any big, big savings with that. But now if you've got like for instance let's

say you have a certain mutual fund company fidelity or american or something like that and you've got them with two different advisors you may not be getting your break points that you deserve on your commissions and your fees because once you get above 50 000 there's a break point you get above 100 000 there's another one above a half million there's another one and you start saving money but they might not be showing them as consolidated under your name because they're with three different people. You might be overpaying fees that way, but it wouldn't be a huge chance of that happening. It's likely that they've pulled them together, but maybe they haven't.

So I just use one just because it's very clean. I don't have seven different insurance guys. I got one insurance guy, Xander. He handles all my insurance. I was emailing him at the break just to make sure a car i just bought i got to get it covered and so that kind of stuff and i don't have to i don't have seven different people i deal with on that um uh you know if i can help it um now but anyway that that's just the cleanliness is like you have your your little own uh that you're a real estate person, one real estate person, one insurance person, one tax person, one lawyer, general family law, estate law, the different things like that. So you build kind of a group around you to manage the wealth.

It's just more convenient. Like you said, less to deal with, less to think about of all the people you've got to go to. You've got one guy, got one person that can help you with it. So, yeah, I would think it would just take some of the headache out of it. Yep. William is with us in Oklahoma City. Hi, William. How are you?

Hello. I'm doing well. How are you? Better than I deserve. How can I help? Thanks. I was going to call and get your opinion on if you think that I would be better off to stay at my current job or pursue another option, staying within the same field. I am a dentist and I currently work at a government public health type clinic, and I would be looking to possibly go out to the private practice

sector well my guess is in the private sector you would make a lot more money is that correct there is the potential to yes what do you make now uh around gross around 150 okay yeah there's definitely potential to make more than that as a dentist in private practice, assuming you grow your practice. I mean, you might not the first year. It might take a few years. Have you got an opportunity to join a practice? I do.

The dentist that I went to growing up who actually did shadowing hours to get into dental school, and I go and work at his office a couple times a month. It would be his practice that I would purchase. Oh, you would purchase a practice? Yes. Okay. So what's it making? The production is about $1.2 million a year,

and the collection is about 98%. It's pretty close to that. What's the profit? The profits, I don't know. I'm not into that far, that level of it yet. Well, you need to be, because if you made $1.2 million in gross revenues and you spent $1.3 million to do it, it's probably not a good idea. Yes.

So the gross revenue is interesting, but only to the extent it creates profit. So let's find out what he's spending to get that and what he's netting. I'll give you a guess that he's pulling $1.5 million a year out of that. Would you guess that? Yeah, at least, yeah. I think the overhead is typically in the range of about 35%. Yeah, I was just, I may be a little low then. But, yeah, somewhere in there.

So what's he want for the practice? The initial, we haven't done like any type of consulting or whatever for it yet, but initial would be around a half a million. If it's profiting a half a million a year and you can buy it for a half a million, what I would do is work for free for a year almost and pay him off in one year. And that's a deal. that's a deal why is he selling it so cheap um i think basically it's just because it's me and i've known him my whole life yeah it's like like a little nostalgia he wants to leave it leave his baby with someone that he trusts. Pass it down. Yeah, kind of mentorship.

Yeah. Let me just tell you, dude, it might be worth four times that. Okay. Whatever the net is, after everybody's been paid, it's probably worth about 4X that. And so half a million on the surface here,'re i'm guessing at the net and you are too but i'm going to guess and say that that's what's known as a bargain right there uh if it's you know top line of a million two that that's that's a deal i suspect i could be wrong but i i and yes i think you should do that and leave 150 000 behind here's the other thing william and i'll say would you not do it?

Well, it's kind of one of those things where it's pretty a comfortable job position that I'm in right now. And it feels as safe as possible. Yeah. Here's one thing I'll say, William. Read Entree Leadership. Read all the business books you can if you do this. You're not just a dentist anymore. You need to learn how to run a business, and that's different.

I've talked to a lot of dentists that are broke because they don't know how to run a business. Learn how to run a business if you do this, and you'll do great. We've got a bunch of them in Entree Leadership Elite and in the advisory groups and our small business stuff that will help you. You probably ought to check that out for sure. That's a good point, Christy. Yeah, and hey, man, yeah, you need to do this our scripture of the day proverbs 2 6 and 7 for the lord grants wisdom from his mouth come knowledge and understanding he grants a treasure of common sense to the honest. He is a shield to those who walk with integrity. Robert Shuler said, never underestimate your problem or your ability to deal with it. This is true. Open phones this

hour. I'm Dave Ramsey, your host, Christy Wright. Ramsey Personality is my co-host. It is a free call at 888-825-5225. That's 888-825-5225. Hunter is with us in Idaho Falls, Idaho. Hi, Hunter. How are you? Good. How are you? Better than I deserve.

How can I help? Yeah, so just to kind of jump into this my wife and i are about eighty thousand dollars in debt our current take-home pay is 83k um we were looking into selling our house to possibly pay off the debt we've talked to realtors we currently we currently owe $205K, and they're telling us that we could sell it for $300K. We just wanted your thoughts on if that was a good idea or not. So you owe $80,000 in debt on what?

So most of it's student loans. It's about $55,000. We have a car that's $16,000, and then we did some home repairs, and that's the rest of the amount. That's about $14,000. Okay. And what's your household income? Take home is $83,000.

Mm-hmm. Do you like your home? Yeah, we like it. It's not a forever home. No home is a forever home. Heaven is your forever home. I guess that's true. Yeah, we were planning on maybe building in maybe five or six years,

depending on how fast we can get out of debt. So the hot real estate market kind of got your attention, and you're thinking it's an easy way out of debt. Correct. Okay. No, I wouldn't sell it. I'd roll up my sleeves and get on beans and rice, rice and beans. It's going to take you a little over two years. You're going to live on nothing.

You might even sell the car. I don't know, but you're going to go crazy here and clear up $80,000 worth of debt. With the money you make, you can do that. Let's say you did $40,000 a year for two years. That'd be living on nothing, and you'd be debt-free in two years. So it's between a two- and a three-year get-out-of-debt plan. You're probably working extra.

You're probably selling some stuff. You may be selling that car. You may have some savings that's not retirement savings set aside that you didn't mention to me that you could use to throw at this and accelerate it. That's what I would do. I wouldn't sell your house because I think your house is going to continue to go up in value, and you don't want to step out of this housing market unless you're stepping right back into this housing market. Because it's crazy out there.

If you step out, and you wait two years, it may be hard to get in. It will be harder. It's not impossible, but it'll be harder to get in. And so the problem, the great news is in this market, you can sell a house for a lot of money. The bad news is you buy another house for a lot of money. And so it doesn't. Now, I think you keep this house. And I think you roll up your sleeves and get really, really aggressive, don't you?

Yeah, it's interesting because there's no other motivation to sell it other than the debt. They're living there now. They're fine. You know what I mean? It's not like, oh, we need to move anyway for a job or something. There's no life transition that calls for this other than just wanting to speed up the debt process. Well, and this hot market gets your attention. Yeah, you get excited about that.

Oh, I could get out of debt. Right. Well, no, I think you need to get out of debt, but I don't think this is how. Yeah. Stephanie's in Jefferson City, Missouri. Hi, Stephanie. Welcome to the Ramsey Show. Thank you. How are you guys?

Better than I deserve. What's up? That's awesome. Well, I have been talking to my mom recently, and I feel like I'm in a good place with money, and I'm actually kind of at a loss on what to do with our extra income. I hate it when that happens. I know. Like, it's such a good place to be in, but I'm just, I want to make sure. I'll give you an address. Mail it to Dave's Cabo Fund. Right?

I know. It's great. So I just want to tell you, we do have a mortgage of about $110,000. I actually paid off our house about two years ago, but then we bought the connecting land next to us um hence why we have a mortgage again because it's part of our mortgage plan now okay how much do you have in savings um well right now i have about sixty thousand dollars and then we actually sold four acres of that and are making seventy thousand dollars okay so you're gonna be're going to pay off the land then? Completely. I do have a car loan, but I could clearly pay that off. I mean, it's 0% interest, which I know how you feel about that.

Yeah. Pay it today. So I can pay it anytime I want. Today. Okay. I will do it. I will do it. So I maxed out my Roth. I own my own business. So I maxed my Roth. I max out a Roth for my husband. I'm also going to max out a SEP, which is 25% of my income. My husband also has a pension. Hopefully, he will have a pension in 25 years. You know, that's the goal. Does he have a 401k available at his work? He does, but they don't contribute anything.

It's literally just through his company, which is why I did the Roth outside of his job. But, I mean, if you're completely debt-free, you still want to max out his 401k because it keeps the government's hands off the money, especially if it's a Roth you want to do it. Can you do a Roth 401k at his place? I would have to ask. So I need to look into a Roth 401k at his place? I would have to ask. Yeah. So I need to look into a Roth 401k.

So I can do just a traditional, like a Roth. You can do a traditional 401k or a Roth 401k, whatever they have available. I'd do Roth if you can get it in the mutual fund types that we talk about. And then you load those Roth IRAs and you load that SEP. Now we've kept the government's hands off of as much of your money as we possibly can because you're baby step seven at this point. Right. Way to go.

And so, like, is there anything, do you recommend any other investing accounts? I mean, I'm a hairdresser and I love my job, but do I want to stand for 10 hours a day when I'm 55? So my goal is that I can retire early now will I maybe I don't know but I don't know yeah I think just the the wealth gives you options we don't have to call it retirement but it gives you options you could buy you could buy the salon and sit behind the desk. Right. So do you think the SEP, the 25% of my income going into my SEP, and then my Roth and his Roth are maxed out? I mean, is that enough what I'm doing? I mean, I can't do more.

You're not going to be able to access, yeah, but you're not going to be able to access any of that until 59 1⁄2. Okay. So keep doing what I'm doing. So keep doing what you're doing, max out his 401k And then if you've even got more That's the money that would bridge you between 55 and 59 That money would be in just a traditional mutual fund

With your SmartVestor Pro, they can help you invest it In what's called a low turnover mutual fund Where the taxes aren't activated until you pull it much And there's all kinds of stuff you're going to be able to do at Baby Step 7. Make sure you're sitting down with a SmartVestor Pro and let them start teaching you about what all is available to you guys. Okay.

And, you know, I kind of got myself in trouble. I have only one Roth with Edward Jones, but it's my brother-in-law, and I don't know how to get out so i'm like i don't love that he knows all my business uh what i would do is go over to you know jump online to a smart vestor pro and uh uh and if you like the smart vestor pro after you meet with them and you feel comfortable and they've got the heart of a teacher like we say they do and you want to move your accounts over there, I think you can just tell your brother-in-law, I'm uncomfortable and it's just a boundaries thing with me.

I'm uncomfortable. And so I've got to have a guy that's a little more arm's length. And I know you'll understand that. Besides that, my Roth's not that big a deal. Right, right. And just blow it off. And I don't know how classy he is, but he'll probably get over it. Yeah, definitely.

Well, and I did buy your book, Legacy. Yeah. Thank you. Well, I think you're on your path here. She's in good shape. And I love that she's constantly, what else can I do? That's awesome. And what else can I do? That's right.

What else can I do? That's right. So good. Good stuff. Good stuff. Good stuff. Well, thanks to Ben Hill, our producer, and of filling in for James Childs, who's something else. We don't know. And Kelly Daniel, our associate producer and phone screener.

I'm Dave Ramsey, your host. 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. Have a friend or family member that needs a daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.