The Ramsey Show - App - "I Never Said That..." (Dave Ramsey Myths) (Hour 2)

Episode Date: May 23, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people do work that they love, build wealth, and create actual amazing relationships. Thank you for joining us, America. Jade Warshaw, Ramsey personality, number one bestselling author, is my co-host today. Thanks for hanging out with us. The phone number is 888-825-5225. Dave is in Seattle. Hi, Dave. How are you?

Pretty good. How's yourself going?. Hi, Dave. How are you? Pretty good. How's yourself going? Better than I deserve. What's up? So I got kind of a tough family money-related question. I don't know how to approach a family member as far as regards to money. Long story short, unfortunately, unfortunately my mother passed away and my uncle has a 50% stake in her house. And he came with me with an offer to cash me out, but it was about a couple

hundred thousand dollars low, lower than what, um, market analysis reports and multiple realtors that I've talked to have said that place is worth, and I don't know how to give them the tough answer or ask them just, hey, this seems really low without burning a family bridge. So I'm just having a tough time with that one. Wait a minute. If you go back to your uncle and say, sure, I'll be happy to sell you, but I'll sell it to you at just a little bit below market value, which is a whole lot more than you're offering,

you think he's going to get mad and run away mad? Essentially, yeah, and then the house would go on the market. It was my grandfather's house years ago to where the market years ago to where put it on the market i'm trying not to burn a family bridge i know you didn't burn a bridge if he acts like that he burned the bridge you can't chew you can't choose who burns bridges except you but you're not burning a bridge you didn't say go to hell you said i want a price yeah if he gets mad he's the one burning a bridge you can't control him but we're also not going to be scared of his reaction by two hundred thousand dollars especially if you have it printed out and you can show him say hey i did a little research here's

market value if you can show me what you're looking at and you know make it more of a conversation rather than some sort of a you know i'll be happy to sell you sell it to you at a little bit of a discount but not not this steep and if you don't want to do that it's okay let's just put on the market and we'll you know we'll just both get our money out of it yeah because i guess the other um kind of an issue is he does live at the property too to where he would have to because he owns 50 of it yeah because i guess the other um kind of an issue is he does live at the property too to where he would have to because he owns 50 of it he would have to move that's his problem yeah it's not your problem okay so let's walk back through how old are you i'm 25 okay and how long ago did your mom pass? About five years ago.

Oh, my God. That's been going on a long time. Yeah. So he's been sitting there. Has he been paying you rent? No. So he's living in the house rent-free for five years? Yeah, the house is paid for.

Yeah, I know. But he's not paying any rent for your half? No. You think that's fair? Well. Do you think that's fair? Well. Do you think that's fair? That you take your 20-year-old nephew whose mother just died and don't give him anything for his half of the asset?

I think your uncle's a skunk. Yeah, I don't care. If I have a 20-year-old nephew and his his mom just died my job is to take care of him not pee on him yeah right no yeah hello son that's seriously so you and and you're you're scared of this guy i was just about to say that this guy guy's a problem. All right. Now, what's the house worth, honey? Everybody said $900 on the low end. Okay. So let's pretend it's worth $900.

It has no debt on it, right? Yeah. Okay. So if you sell it, you guys are going to spend somewhere around 10% of that in selling expenses. So it's going to cost you close to a hundred in selling expenses so you're probably going to net 800 so your half is worth somewhere around 400 if you all sell it yes what did he offer you um he offered me 320 or 360 okay that's not bad or any okay you actually you said it was hundreds of thousands off it's not bad. All right. Okay. You said it was hundreds of thousands off.

It's not. Your half after selling expenses, if you all sold the house, is worth some, I mean, the thing's worth $800,000, right? After expenses. Okay. It's worth $900,000. If we take 10%, 12% off for expenses and negotiation off of appraised value, it's not going to be that far off. You know, if you pay a 6% commission, as an example, if you had other miscellaneous expenses, you negotiate a little bit,

you pick up the title policy for the buyer, whatever, and your net profit on this property is going to be somewhere in the 800 range. Your house worth somewhere around 400. He offered you 360? Yeah. Take it. That's not bad all right you where did you get that you were getting a hundred thousand or two hundred thousand less than it was worth uh just talking with people trying to know how did you get there i mean the numbers you gave me do you see how i just did what i did yeah i've seen how you're doing that yeah so thank you unless you didn't think

you were going to have any expenses selling the property expenses yeah but even then even then it's only fifty thousand dollars is your half of that yeah how half of nine hundred is 450 and he offered you 360 so you thought that hundred thousand,000 was what was off? Well, because the realtors on the low end have said $900,000, to where the house next door, similar square footage, sold for $1.1 million. For the low end of $900,000, to where it just seems a little off. Wait a minute, the realtors are off? Well, the numbers are a little low at $ this seems like well no they're forty thousand dollars low if the house is worth 900 he's saying it could be you're saying what you're saying is

based on comps it might be worth more is that what you're trying to tell me it's worth 900 and then you change that so which number are you going with it is the value son on the low end is 900 the high end would be 1.1 okay so say no no no no no no no no no you are not you don't have you don't get to have a 20 range in value on a million dollar house you need to figure out what the house is worth okay all right if you want to be fair exactly fair here's what i tell you to do order appraisal. Pay 500 bucks for an appraisal. Find out exactly what the house is worth and quit talking about ranges of 100 to 1.2. That's not even – several people in that conversation don't know what they're talking about.

The thing's worth something in there, but that's not a range that you don't – if you're getting ready to put a house on the market, you't go what's worth somewhere between 900 and 1.2 that you you got you know we got comps this thing's worth 1.15 and we're going to put it on the market at 1.2 and hope you know you figure out what it's actually worth so let's get an actual appraisal or a very very professionally done high quality realtor doing a comparative market analysis, either one, then take 88% of that number. You follow me? 12% for expenses.

88% of that appraisal number divided by two, and that is what your half is worth. And if you do that and the appraisal is $900, the 360 not a bad offer and i'll get up off your uncle then that's what i would do this is the ramsey show well the money and marriage weekend here on the hill at the ramsey event center in october with rachel cruz and dr john deloney spending three days with you talking about money here on the hill at the Ramsey Event Center in October with Rachel Cruz and Dr. John Deloney, spending three days with you, talking about money and marriage. It's fun, funny, and a little bit blunt. Yeah, they go there. And sold out.

You can't get a ticket for October. It's gone. Sold it out two weeks ago. Wow. And the tickets are six. They start at $6.99. The VIPs are a lot more than that if you want to sit down front and hang out and do all that kind of stuff and uh it's a two and a half day deal so the gang decided we're gonna do another one since that one sold out we're gonna do it um uh in on valentine's day 2025 so valentine's day

we're gonna another money and marriage event with dr john deloney rachel cruz went on sale i guess it was yesterday and dad gum y'all thank you um it's about still out it's not sold out but i mean wow popular little product here it's a great event well they're fun the two of them are funny and fun, and they're irreverent, and they're real and authentic and all that stuff that people like. And so you'll communicate better. You'll strengthen your emotional connection. You'll get on the same page with money.

And hey, it's two and a half days away from the kids, so shut up. It's a money and marriage getaway. Valentine's Day 2025 on sale now. Tickets begin at $6.99. And please don't wait around. You'll have more FOMO when you miss this one. And it's still a full weekend, right? 13th through 15th?

It's a what now? It's still a full weekend, right? It's a full weekend. Yeah. It's what? Friday, Saturday, Sunday, or Thursday, Friday, Saturday. Yes. Thursday, Friday, Saturday.

And ramsaysolutions.com slash events. Get your tickets to the uh 4 000 of you or so that signed up for the dave ramsey's investing essentials that ended last night i taught at the last two nights two hours a night um thank you wow what an incredible turnout to that virtual online event um not my favorite thing to do i prefer to be in front of a live studio audience instead of a bunch of blinking lights and a camera but george camel and i had a good time and they had cookies and we had cookies we had american cookies chocolate chip american cookies i'm just saying so i was jealous i was homemade and then george bless his little gluten-free heart

he went and got some gluten-free cookies and you could taste the fact that there weren't any little glutens in it i'm just saying you could tell yeah you can they might i'm not sure those are real american cookies but we had a lot of fun with it and uh all the investing stuff and man we went super nerdville and uh if you missed it we'll try to do it again for you someday because I've never taught that material before. It was a lot of fun to teach. Jennifer is with us. Jennifer is in Denver, Colorado.

Hi, Jennifer. Welcome to The Ramsey Show. Hi, Dave. Thank you for taking my call. Sure. What's up? My question is how do I go forward supporting my family financially? I just kind of went through a little separation.

We're back together. We're going to work on our marriage, go to counseling. We just had our first child together. He's three and a half months old and neither of us are working right now. I'm staying with my parents and they're supporting me and my son. Um, my husband is actually in rehab, um, kind of waiting to start working as soon as he can. Um, so I'm just at a point where I'm not sure exactly where I need to go, um, and what to do to support my family financially at this point. Um, and not, what's, what's he've been through hell what's what's he on what was that what's he on it was alcohol okay and so he's in an inpatient rehab

yes he is good good for him he's getting some help how old is he yes he is 29. Okay. How long has all this been going on? So we met actually last year in May, so a year ago, and we got married pretty quick. And then within the first week that we got married, we got pregnant. Yeah, but he was an alcoholic before you met him. Yes, he was an alcoholic before um and while i was pregnant i was working um two jobs at one point um to kind of support us financially because he was just drinking okay so now now he's on now he's on the wagon and he's on in rehab all right have you gotten some help for you to be able to walk through and keep good solid boundaries and have reasonable expectations of his healing to go forward?

Yes, I am in counseling. Good. Okay. Yes. Good. But you have a place to live. You're with your mom and dad, and you have a baby. And what bills do you have so i have a car

loan um i owe about 18 000 on it and i pay roughly 500 a month for it what's it worth it's worth probably 12 000 at the most who said um car max yeah that means it's worth 15 000 okay okay carmax is offering you a wholesale price on it because they want to buy it and resell it for a profit so you go to kelly blue book kbb.com and look up private sale and you'll see that car is probably worth 15 or 16 do you have any money at all um i don't are you working at all i'm gonna start no i'm gonna start working next week hopefully i have a job interview tomorrow so i can start working again what will you be making um 22 an hour and i'll be working three night shifts from 10 p.m to 6 a.mm. a week. Okay. I want to start talking about scraping up some money and getting this car sold.

Okay. It's a burden. You need to get about a $5,000 car that you pay cash for and get rid of this $500 payment. It's a huge problem in your life right now mathematically, isn't it? Yes. Yeah. If you didn't have that thing around your neck this whole conversation would be different agreed yes how are you paying for it now so my

parents have been helping and also um they've been paying me to help take care of my grandmother her health isn't um the best right now and so i've been kind of pitching in to help with her. Well, your parents are good. They've been giving you a good safety net, and they're taking care of their grandbaby and their daughter, and they're trying to love you well. And you're being good in that you're thinking about how I can create a sustainable life. Yeah.

And you're smart because you're not afraid to work, and so you're going and getting some work. And then if we can get your expense level way down and get your income up to where you're stacking cash while you're with mom and dad and he comes out of rehab in 90 days clean and then both of you get to work, you can start building a life together then. Yeah, okay. Yeah, you can do that. So we got to, because he's probably in there for what, 90 days?

He can be there up to nine months um he's been there almost 60 days right now but he can't start working until he's hit the 90 days so he's kind of in limbo waiting to work okay cool all right uh but is it does he transfer to outpatient after 90 days is that what he's doing so he's gonna still live at the same place um he's got some good insurance who's paying for his insurance yeah medicaid good okay good yeah well his job is to get clean and stay clean because he's a dad now and a husband he's no longer a party animal and so good good on him that he's doing the hard work and your job is to demand of him if he's going to be in your presence to get clean and stay clean that's your job that's what your therapist is telling you right yes okay good because that's

the way it is because you got to be careful on the codependency side of this equation, too. So you're good. You guys are a sweet couple. You just walked head-on into a buzzsaw, and now you're fighting your way through it. And I'm proud of both of you for throwing your shoulders back and facing this. You're going to be okay if you keep facing it. Have you plugged into a good church, kiddo? I have not.

No, I have not been to church in a while. I would recommend getting that family and that element of your life around you so that because a whole person has a spiritual walk emotional healing intellectual healing financial healing work in all these different areas of our life to create a whole life that is sustainable okay okay all right and you hang on kiddo we're going to help you i'm going to put you guys through financial peace university we want to walk with you and be part of this wonderful healing story we want to see what god does in your life it's going to be pretty cool when we get the other side of this and we look back and go wow someday you got grandbabies

and you look and you go man this guy sure glad he straightened his life out. This is The Ramsey Show. Jade Walsh, all Ramsey personality, is my co-host. Thank you for joining us, America. Hey, guys, we're about 12 miles south of Nashville in a wonderful little town called Franklin, Tennessee. The Ramsey campus is here and we have a big beautiful lobby with a great coffee shop in it with homemade cookies. They're chocolate chip, by the way. And of course, and some coffee and it's all on us. Come by and visit. You can see

some of the history of Ramsey in here. You can watch the show. We do it live on the glass from one to four central time every weekday and we'd love to have you come by and see us there's usually 50 to 200 folks sitting out here sometimes there's two and sometimes there's 300 so you never know but um and in the middle of that lobby is also the debt free stage brandon and morgan are with us hey guys, guys, how are you? Better than we deserve. I love it, brother. Where are y'all from? Rockford, Illinois.

Cool. Welcome to Nashville. How much debt have you guys paid off? $672,000. Whoop, whoop, whoop, whoop, whoop, whoop. How long did this take? Four years and nine months. Gee, man.

Wow. What was the range of your income during that time? $165,000 to $335,000. Nice jump. What do you all do for a living? We're veterinarians. Ah, so you got the practicing gear, huh? Yes, we do.

So can I guess what the type of debt was? Yeah, two vet bills. Student loans? Is that what it was, student loans? Yeah, we had $57,000 in two different vet trucks, $80,000 in student loans. That um 57 000 in two different vet trucks um 80 000 in student loans that's not we're large animal veterinarians dave yeah okay i'm getting that and then uh 385 000 when we uh bought into the clinic as a partnership and then 150 000 for our mortgage okay wow i thought i thought it was all student loans there was i'm glad to hear it wasn't all student loans.

There was $92,000 in student loans before that for my half of student loans. And then we got married in June of 2019. And then we really got gazelle intense on the rest of the debt. So did I hear you paid the mortgage off too? The mortgage. Y'all are weirdos. Wow. How old are you two weirdos?

30. I just turned 32. You're 32 years old now, 100% debt free, and you own part of the practice or all the practice? A portion of it. A portion of it. That's a big practice then. Okay. What's the house worth?

Right now, it's like $230,000. Way to go, y'all. And you got two fabulous careers, both of you vets, both of you doing large animal, and you're kicking butt. You're making 300 plus. Way to go, y'all. You're rock stars, man. Very, very cool.

What got you on this Ramsey stuff? What got you so fired up? We had a couple of great mentors who are also veterinarians. And when we were students, you travel around to different clinics, and we got to go and stay with Dr. John and Lori out in Idaho during our clinical year of school. And Dr. John sat down with both of us the separate times that we were out there, and he walked through a budget with you, and he introduced us to this plan. Wow. Thanks, Dr. John.

And Dr. John is now a long-term missionary and uh he had us start teaching other vet students about this through a christian veterinary mission as an organization wow and then any of that student that rides with us we try to share the the financial piece teaching thank you very much wow wow you guys are amazing 30 $672,000 paid off in four years and nine months. What do you tell people the secret to doing that is? Work hard. I guess. You worked all the time.

Work hard. Don't complain. Just have long-term vision. You have no idea how it pays off. So when Dr. John sat down with you and went over this Ramsey stuff, did you have any pushback? What was the hardest part of taking it on? I know when I sat down with Dr. John, I went out later than he did.

But we have to run our own vehicles when we're doing large animal work. And he told me just to buy a lot less truck than what I dreamed of coming out of school with. So that was a hard pill to swallow i had this dream of it but she got a pretty nice truck yeah for those of you that don't know the only people that are dumber about pickups than construction people are veterinarians very true buy buy a truck that's 60 times what it needs to be to go visit a horsey i mean come on wow way to go guys i'm proud of y'all excellent very very cool so uh you report back to dr john does he know he's this big of a success we we keep in touch email and we

told him when we you know paid off for debt and uh we'll try to send him a video of this now you need to because he gets he gets a lot of credit in this particular version of a debt-free scream. I'm proud of him, too. I appreciate him. I never met him, but I hope to. Or maybe I haven't. I don't know.

I have a question for you guys. I mean, we have people calling all the time that want to be vets, and they're looking at $400,000 each of student loans. How did you come through this? With only 80. Yeah. We both worked during vet school, part-time jobs. I didn't think you were allowed to do that.

And before vet school, too, keeping it low during undergraduate before you get to vet school is a huge part. Choosing the right school, I got to believe, is part of it. In-state, we went to an in-state smaller undergraduate school and then in-state vet school. And I did undergrad in three years i applied without a degree with a ticket into vet school to try to save money that way all right you heard it here first turns out if your horse is if your horse is sick you don't care where the guy what gal went to school you just care if they can fix the horse job that's all we care about how many of you asked your dentist where he went to school, you never did.

Okay? You never did. You just said, fix this thing. It's hurting. Wow. Way to go, you guys. Very, very cool. You guys are amazing numbers.

It's really crazy. You guys have done nothing but work. You've had no life. I mean, you've been on beans and rice, and you've been on not – I mean, that's a lot. Four years, $672,000. I mean, that's a lot four years 672 000 i mean that's we're talking 200 000 i mean 150 000 bucks a year you're rocking it on the debt wow we just we just lived like we were in college still we just the same same budget pretty much so when did you finish this have you have you had like a momentum shock yet Like you ran out past the end of this and you went, whoa, we now have a lot of money.

It was in March. So it wasn't very long. Okay. It has not been long. Oh, so you haven't really felt the full effect of this yet. Not yet. All right. I mean, you start making $25,000 a month and you don't have any payments.

Yeah, that'd be nice. You guys are so used to living frugally. It's like it's not even set in i said that they kind of went huh not us that's you you got you guys what very very very impressive very impressive so proud of you and who's the munchkin over here oh that's avery she's two a is two. So while we're doing all of this, we have a baby, too. Yeah. Yeah, let's just put that in there.

Throw it in the mix. Yeah, and you changed her life, and she doesn't even know it. Her mom and dad are such hardworking, smart people. Wow, this kid's got her life ahead of her. Paid for house. Oh, how cute. That's fun. Nice YouTube picture thrown in there of the wrinkly baby.

I love it. Very cool stuff. 32 years old, paid for house, $335,000 a year income. Yeah. I think you're going to be okay. Yeah. I think you're going to make it. Wow.

Way to go, you guys. Very, very proud of you. Okay. So you tell people the secret is work. What else do you tell them the secret is? Live below your means. We know some people that have been doing a vet job for a long time and and they want to retire but they you know financially might not be able to so um just just

work hard stay to a budget um live within your means yeah way to go very cool all right brandon and morgan you guys are you're amazing people thank you so much for being weirdos normal's broken you aren't so proud of you're to be millionaires in 20 seconds, man. Ray, you're going, wow, very, very cool. If you're not already, by the way. So Brandon and Morgan and Lil Avery from Rockford, Illinois, a couple of veterinarians, $672,000 paid off in four years and nine months, making $165,000 to now $335,000.

They rocked it. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! Yeah! Woo-hoo-hoo-hoo-hoo-hoo-hoo! Pretty stinking impressive.

This is The Ramsey Show. Jade Walsh, all Ramsey personality is my co-host. Thank you for hanging out with us. Open phones at 888-825-5225. So a lot of people misunderstand, that might be being too nice, what we teach about money or the baby steps. Or they've just figured out that 10 things Dave Ramsey got wrong is good clickbait. Right. And five things I disagree with Dave Ramsey on. Yeah. It's good clickbait um and people will click on it and so they they write articles or they do stuff or they post stuff in whatever

social media or some stupid reddit thread or something and so it's uh it's kind of funny these the mythology so our team made a list of things that are mythology it's people twisting your words at a minimum yeah yeah all right i'll read the myth and you tell me you tell me where they got it wrong okay okay so myth one is only eat rice and beans and beans and rice okay um if you really think I literally mean only eat beans and rice, then you got other issues. Dave, a lot of people think that. I know. Then they got other issues. That's just kind of dumb. It's a metaphor. Beans and rice, rice and beans. It's what people say is what you eat when you're broke. So eat broke people food. So quit going out to eat and spending 300 bucks at a stupid restaurant when you're broke so eat broke people food so quit it quit going out to eat and

spending 300 bucks at a stupid restaurant when you're broke people that's all that means but it doesn't mean every night you're literally i will tell you this to back up this myth it's hilarious we get anywhere from one to six requests a week week, to co-author a beans and rice cookbook with me. Yes, I hear that a lot. I could have done that a lot, but it's a metaphor, people. It's not real. Grow a humor bone. It's a metaphor.

Okay. I actually saw somebody say, it's not good for my mental health or my physical health to eat rice and beans every day oh god ridiculous all right moving on myth number two you have to pay cash for a house dave ramsey says you can only pay cash for a house well yeah that's the best thing you can do because the, I mean, the best way to get wealthy is to get out of debt and stay out of debt. Right. Because it's their most powerful wealth building tool is your income.

So yeah. And the borrower is slave to the lender. And even if you're buying a house, you're a slave when you owe Citibank money. I mean, countrywide, whatever. I mean, you owe somebody money on a stupid mortgage, you know? So it's not that, yeah, I would rather you do that. I don't borrow money, period, for anything, ever. I don't need anything bad enough, ever.

I haven't borrowed money in 30 years since I went broke. And it's one of the reasons I've got some money, because I don't give it all to some stupid bank. Oh, yeah. So that is the best case scenario, but it's not the only thing we say to do we you know we say around here if you're going to buy a house to do it on a 15 year fixed where the payments no more than a fourth of your take-home pay best thing you can do is put 20 down because you avoid pmi which is 75 a month per 100,000 borrowed. So you borrow 300 grand, it's $225 a month, just going to buy insurance for the mortgage company in case they foreclose on you.

So that's why we tell you all that. And then let's get out of debt. Let's get the stupid thing. But if you put down 5% your first time home buyer, 10% and you take on that PMI, you just need to know you're taking it on and you take on a debt. You just need to know you're taking it on. And then you need to get about the business of getting it paid off right because it's standing between you and being wealthy love that it's a blocker but um I never told anybody

I I will always tell you you know if you can figure out a way to do the 100% down plan I like it do it yeah why not all right myth number, a thousand dollar emergency fund is enough to cover all of your emergencies. Never was, never will be. Baby step one is not a thousand dollar emergency fund. Baby step one is a thousand dollar starter emergency fund. When I did that 30 years ago and doing the baby steps 20 years ago, doing the baby steps, I didn't then think it was enough. It's not enough it's not supposed to be enough of an emergency fund it's there for the little emergencies to keep from knocking you off the emotional wagon while you go about the business of getting out of debt but it's not enough emergency fund of course it's not but if you sit around and wait till you save

ten thousand dollars to start getting out of debt your butt will never get out of debt and once again you've bifurcated and diluted all of your efforts and you lose. So, but you're trying to look for some stupid excuse to not face this stuff. Then you can figure out a way to lie about something we said here. Yeah. I hear it all the time. Dave Ramsey's out of touch a thousand dollars. That's not enough for an emergency fund. Dave Ramsey's out of touch. There's no question about that. I am definitely out of touch, but it has nothing to do with I thought $1,000 was enough. I got you. All right, let's talk about myth number four. Getting out of debt is a math problem.

I've never said that. I've always said it's a behavior problem. Personal finance is 80% behavior, 20% head knowledge. And I mean, the closest thing I ever said to that was the said that i've always said it's a it's a behavior problem personal finance is 80 behavior 20 head knowledge and um i mean the closest thing i ever said to that was the title of your book which is the opposite it is the opposite money's not a math problem wow that's interesting 80 behavior 20 head knowledge all right myth number five you have to work 80 hours a week forever. Never said that. I said, if you'll work like no one else later, you can work whenever you want. But my grandmother did say there's a great place to go when you're broke to work.

Yeah, I think people get up off of your couch, potato. Quit watching Netflix when you're broke. Go make some money and then you don't have to work so stinking much. Short-term sacrifice, long-term gain. Yeah, nobody wins without sacrifice, but it's not a permanent thing. I haven't worked 80 hours a week my whole life. It's not sustainable. All right, this is an outright falsehood. It says you got to pay off your home before you start investing well we never said anything close to that ever not once never never in 30 years did i tell you that so i'm telling you i'm just really good clickbait i mean just use dave ramsey something something salacious something lies

something big you know dave ramsey once killed my pet you know i don't know whatever it is you know i mean i don't know just make up something and put it on there because everything on the Internet is true. Abraham Lincoln said that. So, I mean, come on, guys. Seriously. It's just this stuff. It's just way off. It's way off.

Well, what do you what do we say? We don't say that you have to pay off your home before you start investing. No, we say you need to get out of debt before you start investing everything but the house. And that's very clearly outlined in the baby steps and anybody who actually looks at it with an honest intellectual eye knows that that's right but a lot of these people they they're not trying to they don't actually believe this they're just twisting something up because i'm good clickbait they want an excuse why you can't do it and for everybody on social media that says it can't be done for everybody on social media that's a victim for be done, for everybody on social media that's a victim, for everybody that's a whiny little baby boomer, Gen X, Gen Z, Gen whatever, millennial, any whatever gen you are and you're a whiny little victim, a little wuss.

For every one of you that says it can't be done, that it's impossible, that America is dead and we need the communists to take over for every one of you that are out there there's a thousand of the thousand people that proved you wrong by actually going and doing this stuff or if they want to get it right they can just pick up the coffee of the total money makeover there's only 10 million copies of that thing floating around you probably can find one um and so you know it's on a lot of people's table as it makes a nice coaster some people sit it on their coffee table it sits there for four years before they read it and then suddenly they'll pick it up and read it when something bad goes sideways so it's out there floating around pick it up you can do this stuff people it you know we joke around

and we read the mean tweets and we all that stuff here on the air because it's entertaining and with you guys but the truth is um anybody out there that's telling you folks a lie under the heading of it can't be done and therefore they're stealing your hope those people are evil hope stealers people who steal other people's hope are evil, especially to further their socialist communist left wing agenda. It's just wrong. It's evil. And so it aggravates a crud out of those of us here at Ramsey. We joke around and cut up with you guys about it. You know, our job here is to show you mathematically, psychologically, spiritually, relationally, how you can win because we really believe you can win. And then somebody wants to distort something to steal your hope.

But, you know, it pisses us off because we work for you guys. We're here for you. We exist for you. So for those of you out there who get it, thank you. We love you. This is The Ramsey Show. We'll see you next time.