The Ramsey Show - App - I Need to Get Back on Track (Hour 1)

Episode Date: December 11, 2019

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is 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. Open phones at 888-825-5225. Merry Christmas, America. 888-825-5225.

Eric's going to start this hour off in Oregon. Hey, Eric, welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up? The question I have for you, Dave, is I have about $100,000 in the money market account with a large national mutual fund company, and I want to start investing the money, and I've looked at growth funds and growth and income funds, but their NAVs right now are at the 52-week high.

So should I start investing now or wait until the NAVs go down? Well, the trick is where are they going to be in five years, not where are they going to be in five years, not where they're going to be in five days. And so historical data would indicate that they're going to be up in five years. So the longer you wait to invest, the less you're going to make during that five-year period of time. So you can dribble it in and dollar-cost average it if that makes you feel better emotionally. It would be mathematically incorrect if you are projecting the historical data to be your future.

You see what I'm saying? Yes, I do. They may go down. Based on the news, they may go down. But on average, you're investing in growth stock mutual funds for a five-year horizon or longer, right? Yes, exactly. Yeah. So, you know, really I don't care what it does in one year.

All I care is what the money is going to do over the five years and or longer. And so I just, when I'm ready to invest, I just lump sum it right then. I don't think anything about it. The only reason not to do that is if emotionally you're going to track the value of the mutual fund every morning, you're going to get up and open up your website, and when it drops down in February below what you've, and it's worth less than it was when you invested it in December, you're going to freak out. Yeah, no, I won't. Okay. All right.

Because, I mean, because the roller coaster is going to go down. It always goes down, and it always goes up, and it always goes down. That's why they call it a roller coaster. And so, you know, you just, but if you're, you know, I'll give you an example. I am so freaking mathematically nerdy that I have made the decision not to open the website on my investments but twice a year because I go down I go down the rabbit hole I mean I go down into house and wonderland world and I'm freaking out and I'm trying to analyze and and I and all of that all of that runs cross purposes to what I believe and what I teach which is long-term investing you do need to adjust it a couple

times a year if you've got a bad fund you need to look and see if it's underperforming other funds of that category but if i sat and looked at the stinking returns and tried to calculate them and i can do that because i just love math i'm just a goob you know i'm just a nerd and i could just sit and crank then you know get my hp calculator out which is an old version of what real people use now and i got my old antique calculator and i'll just i would have a fun old time depressing myself and i just have to look at it long term i can't look at it every morning because it drive you nuts and that's my personal habit pattern on it i look at them twice a year and if i've got a question about it,

I pick up the phone, call my ELP, or drop him an email, and I go, what's up with this? I'm seeing this, and it looks like it's underperforming. This other stuff, what are you thinking? And get some feedback, get some knowledge, and then I'll make a decision on whether I'm going to stay in that fund. I've got to tell you, over the years, I've almost moved out of no funds, though. I hardly ever abandon a fund because I pick long-track record funds that have been there doing it for a long time.

And so I've got a good feeling that over a long period of time, they're going to do that again. So good question. Thank you for calling in. So the securities business buying mutual funds, selling mutual funds, I'm not in the business. I don't do that. I'm not licensed anymore. I wasn't one time a thousand years ago. But they say they have all these regulations because they're scared to death that investment professionals or brokers are going to mislead the public.

And so they make you put disclaimers on things, okay? And they make you say things like, past returns are not necessarily indicative of future returns. Well, no crap. Of course past returns are not necessarily indicative of the future. But it is, by the way, the only forecasting method you have is you take the past 10 years or 20 years and you say, well, in the next 10 or 20 years if it did that, plus or minus what I know it might affect the economy, what I know is coming or what I believe is coming,

but all I can do is look at that mutual fund. If you look at one mutual fund and, you know, it's got a 40-year track record of 11% and you look at another track, another mutual fund's got a three-year track record of 4%. Well, you are using past returns to rule out the stupid short-term return on that lame old fund, the second one, right? Of course past returns are indicative of future results. It's the only forecasting method you have. There's not another one.

It's the same thing you do when you buy a piece of real estate. You drive into the neighborhood and you go, in quotes, air quotes, see the air quotes, everybody? This is a good neighborhood. What's that mean? It means up to this point, it has gone up in value and the homeowners have had pride, and they're keeping their lawns up, and they don't have cars on blocks in the front yard. And, you know, there's not a high crime rate, right? This is a good neighborhood up to this point. And what you are saying is, I would buy in here because the past track record, the historical data on this neighborhood, I'm using that

as an indicator of what the future is going to be. And it's the only thing you've got. Now, you know, if there's a crack house on the street and three other crack houses opened up in the last six months, now you're using current historical data to say this neighborhood's going down. It was a good neighborhood, but it's going down. Got a bunch of drug heads in the neighborhood, and there's going to be crime coming up and everything else. And so you always use historical data.

You know, when you look at buying a car and you read in Consumer Reports that such and such a car is a piece of crap, it's got a horrible reputation for repairs, you're using historical data to say this car has a bad reputation of breaking down all the time. This model of car is not a good car, so I'm not going to buy it. I'm using, of course, past returns are indicative of future returns. It's the only thing you've got. So plus or minus new information that has entered the equation. But otherwise, it's just called a guess, people.

But, you know, you have to be very careful about saying that kind of thing if you have a securities license because they'll put you in jail for having misled the public, all of which uses historical data as their only indicator of future returns. This is the Dave Ramsey Show. Over the years, I've seen so many families suffer by not having life insurance. It's not that they didn't care. It's just that they didn't know, so they did nothing. That's a huge mistake. Listen, husbands and wives, moms and dads, think about it.

If you died, how would your family pay the bills, the mortgage, food, and plan for a better future? This is what life insurance is all about, and term life is the only way to go. It's not expensive, and it's not complicated. Stop wasting money on cash value plans. You need 10 to 12 times your income in protection and I recommend 15 or 20 year level plans. I also only recommend Zander Insurance and I have for over 20 years. These are the only people I personally use and they only offer the plans i recommend call them at 800-356-4282 or get instant quotes online at zander.com trust me these simple steps will let your family know how much you care Monica is with us in California.

Hey, Monica, welcome to the Dave Ramsey Show. Hi, David, how are you? Better than I deserve. How are you? I'm hoping I can do a little better. So I guess my question mostly has to do with how to stay hopeful and motivated during the debt-free journey. Going through some hardships as well. I've been living out of my car for about eight months, and I'm just barely being able to get by.

I don't know how to, I guess, see the light at the end of the tunnel as much as I was when I first started the journey. What city in California are you in? Whittier. Kind of like outskirts of L.A. Okay. All right, cool. And how did you end up in the car?

What happened to your place? Well, I did something stupid and I moved in with my now ex-boyfriend and then he ended up cheating on me. So I tried going back to my parents, but my dad didn't want to help me. And then my mom didn't have much of a say because she's a stay-at-home mom and my dad just dictates over all the decisions. Why didn't he want to help? I guess he was just mostly bitter that I moved out, but I tried apologizing many times already and he just won't hear it he wanted you to live with him forever

yeah it's what it felt like he didn't want me to go to school either yeah so i are you doing are you do you have any kind of work that you're doing um i was doing um massage therapy when i got diagnosed with carpal tunnel, and my doctor said that it would be better if I stopped because then it would just get worse, and I wouldn't be able to use my hands as often. Okay. So you're not employed right now?

I am. I'm working for Wesley Swim Plus Place, and I work as a customer representative for Domino's. Okay. All right. So how much are you making? About $20,000. I've already applied for higher positions at both my jobs.

So you have $1,500 a month coming in? Yes. And why have you not been able to get a place with $1,500 a month coming in? Mostly bills and credit card bills. You don't pay credit card bills when you're living in your car. So we can just stop that right now. What else, what other bills are you paying? Uh, I'm currently paying off my car.

Okay. Are you paying more than the monthly payment? Uh, I'm trying, yes. Okay. All right. How much is your monthly payment? I'm trying, yes. Okay. How much is your car payment? Right now it's about $380, and I have about $2,000 left on it. What's the car worth? About $1,000.

I checked on Kelly's book. It's worth what, honey? Say it again. About $1,000. I checked on Kelly's book. It's worth what, honey? Say it again. About $1,000. It's worth $1,000, and you've had a $380 car payment on it? Yeah. I bought it off my friend, but I didn't realize at the time what a dumb decision that was. Okay.

So what's going on is that you are prioritizing an income that you have, and you're prioritizing the income wrong, and that's why you're in this situation. So that's great news. All we have to do is reprioritize. So let me give you the priorities for your money. Okay? The first thing you do is eat. The second thing you do is you pay utilities on the new place that you rent, lights and water.

The third thing you pay is rent. And you don't pay credit cards or anything else until you do those things. Basic necessities of life, shelter and utilities and food. You have transportation and apparently that's getting ready to be paid off fairly soon, but you don't pay extra on your car instead of renting a place to live. Because the quality of your life is taking your hope away and taking your dignity away, and all of that is simply because of the choices you made with the money you have coming in.

So let's just choose differently with the money that's coming in. Let's get you a place. So here's what I'm going to do. I'm going to put you on hold, and I want to do two things. Number one, I want to connect you to a good church in that area that we work with that has Financial Peace University, and they'll help you. And maybe they'll give you a leg up and help you get the deposit up or something and get started in the first place.

And the second thing we're going to do is put you with one of our financial coaches who can help you sit down and look at this stuff. But the problem with all of us, including when I lost millions, including when you moved out with your boyfriend, including when you moved in with your boyfriend, including when you decide to pay extra on your car and pay credit card payments instead of getting a place to live, thereby choosing to pay extra on your credit cards and extra on your car and choosing to live in your car. All of these are choices. They're all decisions.

And the good news is that you can make different choices. And after I went broke, I learned I make different choices so I don't go broke again. And you make different choices in how you interact with your dad, and you make different choices in the type of man you choose to be around, and not end up being susceptible to a situation like this again. And so that's the great news, is that you can take all of these things that have happened, and they become lessons for your future. And you can look back and go, yeah, I remember back, you can tell your grandkids,

I remember back there in, you know, Alt-19, I was living in my car. And by the way, Anthony O'Neill lived in his car for a while. And he's a Ramsey personality now, making hundreds of thousands of dollars a year and has had a number one best-selling book this year. So how do you get hope? You get traction. How do you get traction? You make different choices than the choices that have caused you to lose traction and you start very specifically step by step by step setting micro

goals and hitting those goals and so no extra payments on anything right now and no luxuries of any kind you're homeless in your car the first thing you do is get out of the car and the good news is you've got enough money coming in to pull this off. You're not calling me up with absolutely no income. I mean, you're making $1,500 to $2,000 a month, and you could probably even make more. So this is great news. Hang on. Kelly will pick up, and we'll walk with you, kiddo. Sometimes you just need someone to push the trees back so you can see the forest. And we're really good at that, and we'll walk with you and love you well.

So we'll hook you up with one of our coaches and with a church in your area to get you to the next stage on this. Open phones at 888-825-5225. That's 888-825-5225. Rachel's on Instagram. Our second car is on its last leg. We're in baby step two trying to get out of debt, and I'm afraid it's going to die. We don't have the cash to buy another car yet. What are our options?

Ah, duct tape. Just keep that baby running. Just keep it running. You're worrying about something that has not happened, Rachel. When you call me up and say the car is in the middle of the road and there's a pool of oil around it, it's gone, then we have a problem. Right now, you have a worry. I have driven pieces of crap so long that I never thought they would make it another year,

and they made it a whole other year. I lived in Hoopties for a while not literally lived in it not referencing our last caller but i mean i we drove crappy cars so that we don't have to drive crappy cars anymore don't don't make moves on stuff you're worried about that hadn't occurred play through kiddo duct tape bailing wire hold that puppy together more duct tape get colored duct tape give it colored duct tape. Give it some style. This is the Dave Ramsey Show. Thank you. Richard's in Florida.

Welcome to the Dave Ramsey Show. Richard, Merry Christmas. How can we help? Hi, Dave. Thanks for taking my call. Sure. I want advice on how my wife and I should split our income after all our expenses are paid. After expenses, we have about $16,000 to $19,000 a year, and I'm sure how we should split it between our house loan,

investment accounts, or vacation. On one hand, we want to be really frugal, and on the other hand, enjoy it a bit. So what would be the appropriate way to split it up? Well, you're out of debt except your home? Yes. Okay. And do you have an emergency fund of three to six months of expenses? Yes. We have three to six months and about $50,000 invested for retirement. Are you putting 15% of your income into retirement? That 16 to 19 does not include anything going into retirement. Okay. Maybe step four is what you would be at according to what we teach and the plan that we've taught millions and millions of people to do. You're out of debt. You have your emergency fund in place except your home. And so you'd be putting, the next step would be to put 15% of your income away

towards retirement. What's your household income? Household income, that is $61,000. $61,000? Yes. Okay. So about $10,000 would be 15%. And that would leave, if I understood you right, that would leave $9,000 for other things. Baby steps five and six following four are to start to do something for kids' college.

Do you have children that are going to go to college someday? No children. Okay. Maybe one day, but that would be weird. You would skip baby step five then? And do you own a home? We do. Okay.

And so the tension then that you would want to uh decide is of the remaining if we put ten thousand dollars towards uh retirement and you had 19 that leaves you nine how much of the nine are we going to put towards reducing our home mortgage which is baby step six and how much of it are we going and how much of it are we going to enjoy yeah that's where we're having issues just trying to figure that out so what i mean obviously you need to do some of both would you agree with that yes okay and so what uh who's saying let's say we've got nine thousand dollars on the table what would your wife say of the nine needs to be put on the house and what needs to be put for enjoyment, including vacations? We haven't really come up with a percentage.

Okay. I mean, what would you guess she would say? 50%. Okay. What would you say? I would agree with that. You would? Okay. Yeah.

Well, that's fairly easy then. Maybe a little more. Okay. That's fairly easy, right? So you put four or five grand on your next pretty nice cruise, right, or whatever you want to do on travel, and you throw four or five grand towards the house. Okay. And I think we just spent all your money.

Yeah, I think so. Which is the idea. I mean, you want to just not spend it, but you want to have every dollar has an assignment. If you don't give money an assignment, it just leaves and you don't know where it went. And so all we did was we assigned some of it going into retirement. We assigned some of it for enjoyment. In your case, it's a travel. It might be upgrading a car, might be buying a couch. I don't care. And then we're going to throw some at the house. And then if you get in another big bonus, you could do the same thing at that point. But, you know, you're going to throw some at the house. And then if you get in another big bonus, you could do the same thing at that point.

But, you know, you're going to start where you're going to get to baby step four, and five is not necessary. So we're really down to any income above 15% of your income going into retirement that you want to spend on something. Some of it needs to go towards the house, and some of it needs to go towards enjoyment of some kind of lifestyle. Does that make sense? And that 15% is gross or not?

Gross. 15% of $61,000 will be right at $10,000. Okay. You told me that was your household income, right? Yes. Okay. So maybe $99,000-something, but you can round it up to $10,000. I was just doing numbers here on the radio, right?

So you can sit down and you can get as nerdy about it as you want to get, how fine a tooth you comb this. But the whole concept here is just there's not a magic number, but be trying to make progress on your financial goals while you have a life. And when you reach maybe step four, that's what we're doing. So we're knocking off that house. If you keep doing that, you're going to get this house paid for in probably about 10 years, maybe even sooner, depending on if you get raises or bonuses.

And the average millionaire in our millionaire study of 10,000 millionaires paid off their home in 10.2 years. And so you would have one of the data points towards becoming a millionaire in place by clearing your home mortgage. Meanwhile, you've got a little money to enjoy your life in the mix with what we laid out there. So good question, man. Thank you for joining us. Kelly is next.

Kelly's in Colorado. Merry Christmas, Kelly. Oh, Merry Christmas to you, too. Thank you. What's up so uh you were very kind and gentle with the woman who called earlier um who's living in her car i don't need that i need a butt kicking be careful what you sign up for yes so um i paused baby step two to move a couple months ago okay and um and in the in the process i also sold my car that had all the bells and whistles and i'm driving a hunk of junk um and

i'm just uh i'm having a hard time getting back into it. You know, this car is just frankly depressing. So what's your household income? Fifty-two. Okay. And how much debt do you have now, not counting a home? About 110. And how much debt do you have now, not counting a home? About $110,000. And that's on what?

Student loans and the government. The government? The IRS? Mm-hmm. The IRS, yes. How much do you owe the KGB? I mean the IRS. I think $11,000.

Okay. And then the rest of this is student loans? Yes. Okay. And when did you kind of start this plan? How long ago? In April. So I've paid off about $23,000. Wow.

Which is great. How old are you? Like I said, I'm 52. 52. And what do you do for a living? Something I don't like doing. What do you do for a living? I'm just doing basic admin support.

At $50,000 a year, right? Yes. Yeah, not bad. So my next step is to find something better and make that a bigger shovel, because when I do consulting work, I'm $250 an hour. Yeah. But anyway. Okay, so when you started this back in April, what was it that made you excited back then?

Because you were excited in April. You kicked some butt, girl. Totally. back then because you were excited in april you kicked some butt girl totally um i think for the after i read your book for the first time i in my life i felt like i could actually have control over my money what made that go what made you feel like that you can't now um i i think i know that i can i'm just i think i'm just having a pity party because you know i'm driving this piece of crap and i'm i'm i have these huge bills ahead of me and um pardon my french um and it just feels like it's going to be forever that I'm driving this car. And anyway, it really does sound like a pity party.

I should get a cake. Call the whambulance. Anyway, so, yeah. All right. So, okay. So what do you think you're going to make in the coming year if you execute on your career strategies? My goal is $130,000.

Okay. If you did that, why would you not make huge progress in the coming year? I mean, you've been making it on $50,000. If you kick that to $130,000, why would most of that $80,000 difference go towards your little $110,000 problem? I love that you said that. Okay, yes, it could. Yeah, okay. Go get them.

You don't need your butt kicked. You just need to get back in gear, kiddo. You can do this. Hold on. I'm going to send you a copy of Ken Coleman's book, Proximity Principle on Careers, and help you get this career kicked in the butt. Because you get a bigger shovel, you're going to get out faster. I don't blame you for wanting out of a junkie car.

I never want to drive a junkie car again. It's one of my big motivators. This is the Dave Ramsey Show. Well, the student loan crisis in America has reached epidemic plague level proportions, pandemic proportions, $1.6 trillion in student loan debt, and 25% of it is in default. Let me give you a little point of reference. The typical mortgage default rate, as a matter of fact, right now, first mortgages, 1.3% of first mortgages are in default. 25% of student loans are in default. Well, you know why?

Because the lender in mortgages is smart, and the lender on student loans is stupid. You know who the lender is? Me and you. These are federally insured student loans given to 18-year-olds so they can get a degree without a state tuition and left-handed puppetry and then bitch and whine because they can't find a job. This is how you get 25% default rates. You know how you qualify for a student loan when you're 18? You fog up a mirror. That's it. You're breathing. No other lender in the history of

banking has been this stupid. But you and I, as Americans, are that stupid. We will loan an 18-year-old $145,000 without any hesitation or questions about what they're actually going to study or who's using the money for what. They just hand it over to a university, and then we're shocked that universities raise their prices with an unfettered flow of money that looks like a freaking fire hose.

Of course they raise their prices. Of course they did. It's seventh-grade economics. When there's an unlimited supply of money, go up duh wow so if you aren't strapped with student loan payments odds are you know someone that is we launched our first podcast of a different kind called borrowed future the ramsey network team did this it's not one of the ramsey personalities that's why I mean it's different. It's more like a traditional documentary-style podcast.

George Camel, our video host, is the host of this thing. He did a fabulous job. There are eight episodes. Millions and millions and millions of people have downloaded these eight episodes and listened to them about what a debacle this whole student loan thing is how out of control ridiculous unnecessary and stupid it is and um and how predatory they are in the way they treat people it's unbelievable what sally may and navient do do. Our federal government is predatory on its own citizens. Predatory. Yeah, this will blow your mind. And I'm not being overdramatic. I mean, you just need to listen to stuff. It's unbelievable.

So download Borrowed Future while you're out running around for the holidays, and you'll have a whole different feel about the student loan debacle, crisis, epic, plague, pandemic, whatever you want to call it that we have out here. It's out of control. Congress, you've got to stop doing this to your own citizens. You've got to stop making these loans. You're killing people. You're killing the future.

You're killing the economy. You're just stupid. I hope I wasn't unclear. You can get it for Apple Podcasts, Spotify, wherever you listen to podcasts. Just subscribe. It's called Borrowed Future, Ramsey Network Podcast, one of the top ten podcasts of 2019. And you do not want to miss it. Open phones again here, 888-825-5225.

Leanne is in Pennsylvania. Hey, Leanne, how are you? I'm good, thank you. How are you? Better than I deserve. What's up? So I am going to try to be clear with my question, but my husband and I are planning on making some changes to our employment in a couple of years,

but I'm trying to plan for that as best I can. So my husband and I are currently on Baby Step 6 to our employment in a couple of years, but I'm trying to plan for that as best I can. So my husband and I are currently on baby step six. So our house, well, our house has paid off. We already put aside 15% into retirement funds. We have 529 for both of our kids, but we have a lake property that still has a mortgage on it. Okay. The mortgage on the lake property is at $460,000, so it's a pretty decent amount. Nice lake house. Right? It is very nice, actually.

We love it. Right now, our income is right about $235,000, and we also have apartment buildings that are going to start cash flowing significantly in about five years. And that's when my husband is thinking of quitting his current full-time job with the Postal Service and going full-time with apartment management for those properties that we have. However, it will be a drop in our income. So I'm trying to figure out with extra money that we have now, does it make sense for us to put that away so that we have more in, say, non-retirement mutual funds at this point?

No, you need to get that lake house paid off. No, you need to get the lake house paid off. Okay. I mean, you ought to be able to pay it off in, what, four years? Yeah, if we went pretty hard on it we probably could and at that point the lake house will also right now it breaks even but once it's paid off it'll cash flow additionally into our income you rent it well so that we do yeah it's a rental property for the most part okay cool um we we go down in the in the off season just see

what's broken um but so you think that all the money that we have now that we have extra we should just throw it all at the lake house and the apartments why are the apartments going to increase cash flow because they get paid off too yes how much do you owe on them they'll be full um right now we owe about two something i believe my husband is better at managing those than i am to what two million or two hundred thousand no two hundred thousand okay so 400 grand so 600 grand clears your debt and you make 250 a year correct and how much do you have in non-retirement liquid cash investing? At the end of this year, in non-retirement, we will have about $100,000. I have to buy a new car because I'm having another kid.

That's cool. Other than that, yeah, thank you. But other than that, at the end of every year, we live much below our means, so we typically have a lot of money that we kind of chunk towards things. Well, what I'm thinking is with that $100,000 towards the $600,000 and you make $250,000, I think the whole thing's all done maybe in four years. I don't know. And he wants to quit

the postal service, which will drop your household income by how much? At that point, we'll both be self-employed, which is a little bit more risky, because we'll have to pay for health insurance and all those things. Yeah, but you would drop an expense on the apartment management,

because he would do it? Right now, he still manages them, so he's over there in the evenings a lot of times doing all the fixing. So really he wouldn't be picking up any extra work when he quits work. He just wants to quit work. Well, that's the current game plan. Yeah, okay. I have said, of course, you know, you'll have a lot of hours. Yeah, so what does he make?

Still in with other work. What's he make at the postal service? Right now he makes $135,000, and my business brings in about $100,000. Okay. And then whenever he is self-employed, then the apartment will bring in about $75,000. No, he doesn't make more money because he's self-employed. You're already making all that money on the apartment. His being self-employed does not increase your take on the apartments. Does it?

Well, right now all the money that the apartments make go back into them. I know. That's happening anyway. I mean, the point is, him running the apartments does not change the economics of the apartments one nickel. The fact that you paid off all the debt

is what changes the economics. Right. Yes, exactly. And so you don't get to say, I'm going to make $75,000 and I used to make $130,000. That's not how this is working. But if you want to quit,

you're multimillionaires. You can quit. I don't care. That's fine. But let's just get these two things paid off first. Let multimillionaires. You can quit. I don't care. That's fine. But let's just get these two things paid off first. Let's put it on a four- or five-year schedule and knock out everything. 100% debt-free, and then you can quit. Ta-da.

That's what I would do. Good question. Thank you for letting me comb through all that. It took me a minute to catch up with you. A lot going on there. Y'all have done well. Congratulations. That puts this hour of the Dave Ramsey Show on the books.

Thanks to James Childs, our producer, Kelly Daniel, our associate producer and phone screener. This is the Dave Ramsey Show. Hey, guys. It's Blake Thompson, senior executive producer for the Dave Ramsey Show. This hour's over, but you can find more great content on our YouTube channel. Catch the most watched Dave Rants, debt-free screams, and the very popular Everyday Millionaire segment. Go to The Dave Ramsey Show YouTube channel and click subscribe.