The Ramsey Show - App - If You Step in a Pile of Crap, Turn It Into Fertilizer! (Hour 3)

Episode Date: May 9, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, Ramsey personality, number one bestselling author, is my co-host. The phone number is 888-825-5225. Denise is in Syracuse. Hi, Denise. Welcome to the Ramsey Show. Hi, Mr. Ramsey and Mr. Coleman. It's nice to talk to both of you. Thank you so much for taking my call. Sure. What's up? Well, my question

is, I guess I'll start there. Do I keep putting or do I stop putting money into my 401k until my 401k is paid off along with my car and a six-month emergency fund. So next month, I'll be 57, was a single mom, took care of the kids, all that. They've all got one's married, gave them $10,000 for a wedding. The other one got engaged, bought a house, gave them $10,000 for a wedding. The other one got engaged, bought a house, gave them $10,000. I'm at $176,000 in my 401k, $25,000 in a Roth. How much other money do you have saved, not counting retirement? Well, here's the thing. That's why I don't even know what baby step I'm in.

I paid my house off already good for you how much money do you have saved other than your retirement a thousand dollars okay all right so you got things all you got you're a little bit discombobulated but i think you've done a good job overall we can just work on a little bit of smoothing the wrinkles out if that's okay so oh my god yeah yeah baby step one is a thousand dollars saved two is don't do anything until you clear all of your personal debt now you have personal debt that's a car and a 401k loan did i hear that right that's right my 401k loan, they take out $800 a month. What's the balance? And in July, $27,000. What's owed on your car?

$6,200. Good. And what do you make? And I can have that paid off at the end of June. What do you make? I bring home about $6,500 take home a month, but I also an airbnb in my house um and i can average like may and june already booked and i'm getting a thousand dollars extra for each month so that's how i'm paying the car off and stuff all right so that that is the right goal we're going to list your two debts smallest to largest we're going to pay and i do have a credit card. And balance on that is what? $1,800.

Okay. Let's pay that off before you do anything. That's your first thing. And cut it up. Credit card. Okay. First. And then we're going to stop your investing temporarily into your 401k.

The word is temporary because you're going to knock these debts out fast. Okay. Yeah. And we're going to get you on our EveryDollarBudget, which is the budgeting app. I'm going to give it to you as my gift, okay? Oh, my God. And I want you to lay out EveryDollar having a name.

You kind of are doing this because you've got a game plan. It's just rumbling around in your brain instead of down on paper, okay? If you put it down on paper, it gets much more efficient, meaning into the app, okay? So we're going to put it into the app and make every dollar behave. Stop all of anything going on and point all your guns, every dollar you can squeeze out of your whole life, at these debts. First the $1,800, then the $6,200. Those will both be gone by August for sure.

Then we're going to tear into that $27,000. Now, you're not allowed to pay extra on a 401k loan. They only withdraw, or you can pay it off in a lump sum. So what you've got to do is just pretend like you're paying it off and put the money into a savings account. No, I actually called them. I called them, and yes, I can make extra payments. And I can pay it off in full.

I can make extra payments. Very unusual to the point i'm not sure that's right but if you can that's great i don't care just okay we're going to chunk money at it after these other two are gone until it's gone and so basically what we're saying is is we've got thirty five thousand dollars we're going to clear up pretty quick here. Like by spring, you're going to have no debt. That is correct. I'm hoping by February or March. There you go. So you've already run the numbers out.

You're doing the same thing I'm doing. Good. Now, when you're 100% debt-free, house and everything, yeah, that puts you at baby step seven, except that you don't have your emergency fund at that point. So you need to go back to your $1, dollar account then and raise it up to three to six months of expenses. So we'll just make up a number right now. Let's call it $15,000.

That money's sitting there just between you and life. You never touch it for anything unless life comes and knocks you over. It's not a wedding fund. It's not a, I need a car fund. It's not a vacation fund. It's only a wedding fund. It's not a I need a car fund. It's not a vacation fund. It's only for emergencies. Everything else you save for separate from this fund. So you get that emergency fund in place.

Then we restart the 401K. And you're going to do that by about this time next year, roughly. After that, then start investing. Yeah. And you'll be able to easily invest because guess what? You don't even have a house payment. Yes. I mean, you can load that 401k up.

You're going to be so rich, it's going to be unbelievable. But can I be at 57 and starting so late with 176 in my 401k and 25? What did you say you made? I average right about 6,500 a month. Okay, that's take-home. So you're making like $80,000, $85,000 a year, right? Yeah. Okay.

Yeah. So if you invest $10,000 a year, $15,000 a year, which you should be able to do pretty easy. Right. You're going gonna have a lot of money the 176 will double every seven years have you got it in good mutual funds i have it through work i know but it's in mutual funds it's vanguard i don't know i know but it's in good mutual funds vanguard's got bad mutual funds and vanguard has good mutual funds and

vanguard has all kinds of crap that you don't want it in. Okay? So Vanguard's a fine company, but not every one of their instruments are good for you. You need to be in growth and income, aggressive growth and international, and growth. And that's the four categories. I'm going to teach you every bit of this. I'm going to plug you into Financial Peace University and show you how to do every bit of this. But if you've got it in good mutual funds, if it's averaging 10%, it's going to double about every seven years.

So when you are 64 years old, you are going to have $400,000. You're going to have $550,000. We'll count the $15,000 we're putting in over the next seven years. Okay? And, yeah, you're going to be a millionaire when you're 70. I think you're okay. I think you're going to be a millionaire when you're 70 i think you're okay i think you're gonna make it and we don't know how much your house is worth so not counting there's that not counting your house yeah you're gonna have it should have a million dollars in your mutual funds by the time you're 70 with what we're talking about here that's 13 years so double double twice and um

and you're going to be adding to it all that time and you're never borrowing money again for anything ever you're paying cash for everything for the rest of your whole freaking life and you did it you're going to be a millionaire single mom isn't that neat i think that's pretty neat hang on we're going to sign you up for every dollar and sign you up for financial peace university and give it all to you just to say thank you for being a new listener. Then we can get your baby steps discombobulated because they're combobulated right now, so they need to be discombobulated.

That's how that works, right? I'm going to write that down and remember that. That's a classic dad joke right there. This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today, number one best-selling author of the book Paycheck to Purchase. Purchase. Purchase, yeah, you can do that, too. We'd like you to purchase it.

You could probably purchase something if you had a paycheck. Like that book, maybe. There you go. The best way to make most of your money is by creating and sticking to a plan. It's called a monthly budget. The dreaded B word. Yeah. Why do people dread it?

Because you get to tell your money what to do. If you don't like it, it's your fault. You get to decide what it says. If you hate it, why would you design a plan you hate? Design a plan you love. I can't have any fun. Well, that's your fault. You decided not to have any fun. You could do that, but that's okay. You could live like no one else so that later you could live like no one else. You can keep a pulse on your spending, make progress, work with your spouse, make your money behave. This is why millions and millions and millions that's a lot of millions

are now using every dollar it is one of the world's largest budgeting apps but it's definitely the best budgeting app out there and it's ours we love it download every dollar for free at the app store or google play today or at every dollar.com every dollar premium you pay a little for and it connects you to your bank and does all kinds of goodies like set up your net worth it'll get you going on the whole thing yeah track you through your baby steps right there oh yeah baby it does all of that check it out tracy's with us in canada hi tracy welcome to the ramsey Show. Hi. Hey, what's up? Thanks for taking my call. I'm super excited to be on. We're glad to have you. How can we help?

Thank you. So we recently, well, about a year and a half ago, we bought a house, and we were slowly living in it and slowly renovating it and kind of using it to be also an in, like we were planning on selling it in a couple years once we were done renovating it. And then in the middle of renovating it, we found out we had asbestos in all the drywall. And so we quickly moved out and we're living with my father-in-law.

And we're trying to renovate it now super fast, but definitely incurring a ton of debt on our home equity line of credit. Because you're using asbestos removal companies yeah yeah we have it all like all the all the asbestos has been removed and we're just now in like kind of the rebuilding phase yeah you're down to the studs on the whole stinking house yeah totally so now we're drywall up. Wow. How much money are you going to lose on this when you're done? Well, we've had a realtor come out, and she gave us the number, and I mean, I don't know. Acreages, it's an acreage, so it's a little trickier than like a home in town. That wasn't what I asked.

I asked what you're going to be able to sell this mess for when you get it completed. I'm hoping 1.1. Okay. And how much will you have in it at that point? Probably 350. So you're going to make some money. Yeah, we might. Well, I mean, 1.1 over 350, you're going to have to screw it up bad to not make some money.

Yeah. Yeah. Well, let's get it done and get it sold. What's the question oh i just i feel terrible about going into debt and using our line of credit to do it good good so get done and get out of it a couple years ago yeah get it done and get out of it this dream has turned into a nightmare but it'll i mean you're going to end up with some, this fertilizer is going to grow some stuff. So, I mean, you stepped in a big pile of poop, right? Yeah.

But, you know, you're going to get out of it with growing some stuff. Yeah. $350 is what we're putting into it, like out of pocket into the house as a renovation cost. Okay, you're not answering my question then. What'd you pay for the house 535 plus 350 yes so you're gonna have i ask how much you're gonna have in it so you're gonna have eight something in it not 350 okay so you're barely gonna get out by the skin of your teeth good at least you're gonna to get out yeah yeah okay it's not as sweet

as i thought it was a minute ago i was confused but yeah you confused me so there we go but okay yeah all right um yeah we also have a rental property that we own and i'm just curious if it would be wise to sell that and use that to not have debt i guess yeah i would love that sure yeah sure because here at the end of the story you're gonna have the money from that rental back in your hand right yep if you don't run up debt instead of uh you instead use the rental money so yeah sell it and that gets you out of this poopy mess again. And then lesson learned that all renovations are not quaint and fun and cute. As a matter of fact, most of them aren't. They suck.

I've done a bunch of them, and they ain't no fun. I'd rather build a house any day from the ground up than I would try to renovate an old piece of crap. Oh, man, it's awful. It's just awful. And so, yeah. oh man it's awful it's just awful and so yeah man i was doing one over in one of the areas of town that's now cool you know the cool ends used to be the hood now it's cool yeah you know i'm talking about and uh yeah that thing man every time we opened up a wall there was a whole nother problem money pit huh it's like yeah i mean it's just like god man they don't

build them like they used to thank god you know it's just it was awful and so yeah you just i'm i i have no romance for historic renovations i call them hysteric renovations they're hysterical um anymore after you're doing i. I did enough of them. So you're telling me you don't like to watch fixer-upper shows on HGTV? Oh, that's just not even close to what really happens. Reality TV has so little reality in it that it is so scary. But, yeah. No, I don't watch any of that.

I don't even watch TV. But, yeah, that's – but still still it's just the cute little oh it's cute yeah it's cute and you have no idea uh no thank you no thank you little ptsd folks yeah i'm just coming out just coming out right now on her behalf it's uh yes it's a sympathy empathy fit you can absolutely feel having a sympathy empathy fit right now for her with her asvestus discovery yeah back when we used to kill ourselves trying to stay warm. Yeah. That was insulation is what they're dealing with there.

Okay. Liz is in Columbus, Ohio. Hi, Liz. How are you? Hi. I'm so excited to talk to you guys. Thank you so much for taking my call. Sure.

What's up? So my husband and I are in baby step two, and the next loan that we're kind of chunking away at is my car loan. And in the month of May, we're going to be able to make a $7,000 payment on it. And I'm kind of just wondering if I should stockpile the remaining balance of the loan, including that $7,000. Why? Because I went and looked at the loan, if I paid off in one payment they reduce it

by like two thousand dollars. So I'm I was confused by that and I just wanted to call in and see if you guys had any insight there. Give us a few more details. That doesn't make sense. Yeah and what's the interest rate on this loan? So I called and asked, and they didn't give me a rate, but they said it's earning $3.22 in interest a day, which is so painful and horrible. They would not give you the interest rate? Yeah, but they told me how much it was earning a day. No, but why won't they give you the interest rate?

Because they're screwing you. That's why. 100%. Yeah, you've got a very high interest rate because you have a bad contract called rule of 72s and uh yeah that thing is uh it's nasty bad or 78s or whatever it is it's uh it's got a prepayment penalty in it yeah that's what it's got And so what you're probably better off doing, and you're going to have to dig into this and learn some more about it, but I think you need to pay it down to the last little bit

and then take one hit on it because the prepayment penalty is calculated on the outstanding balance. So reduce the balance down to about $2,000 and then do $2,000 all at once. So I think they're telling you exactly backwards of what you need to do, but that doesn't surprise me because they're screwing you. Yeah. Okay, cool. That makes a lot of sense.

I'm pretty sure you had bad credit and bought a car you couldn't afford, and they jacked the rate on you. Does that sound right? Yeah, it was like a Carly's when I was in college. It was a horrible decision, but I'm just cleaning it up and just moving on. But, yeah. Get her done. Get her done and get it knocked out as fast as you possibly can.

And yeah, lump summit. I mean, throw as much at it as fast as you can, but you need to dig into it. You might want to just do one little big, one little lump at the end. Like instead of like $500,

make it like $2,000. And I think that might be, that might be the way to trick the math on the thing. But look into it and figure it out. They'll walk you through it once they figure out they're not able to screw you anymore. This is The Ramsey Show.

Ken Coleman, Ramsey personality, is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Ryan and Courtney are with us. Hey, guys. How are you? Good. Good. Where do you all live? Northeast of Champaign with us. Hey, guys. How are you? Good. Good. Where do y'all live? Northeast of Champaign, Illinois. Oh, fun. Welcome to Nashville. Good to have you. And how much debt have you guys paid?

$133,000. Wow. How long did that take? About 35 months. Good for you. And your range of income during that time? We started around $115,000 and we've ended about $170,000. Excellent job. Very good, guys. Love it, love it, love it. What kind of debt was the $115,000 and we've ended about $170,000. Excellent job. Very good, guys. Love it, love it, love it.

What kind of debt was the $133,000? One credit card, one truck, and our mortgage. Yay! No mortgage! Looking at weirdos. Weird people have paid for houses. That's so weird. I love you.

Excellent job. What's this house worth? We just had it appraised a couple weeks ago. It appraised at $420,000. Love it. And how much in your nest eggs in your 401ks in retirement? Well, we both have pensions. I work for the state of Illinois.

He works for the county that we live in. And then we have around $60,000 in Roth IRAs. And then we have around $40,000 in 529s. Excellent. Excellent. So you're over half a million net worth. Way to go. Congratulations, y'all yeah all right tell us the story what happened 35 months ago three years ago something changed

well my husband is a sheriff's deputy and he is has many other talents as well and so i had always hoped that he would just kind of do 20 years and get his pension and move on to something different. And he always said, well, I can't draw my pension until I'm 50. So I'm going to work until I'm 50. But law enforcement got a little crazy in 2020. Heard the rumor. Yeah. And so one day he called me on my way to work and he just said, I'm done. I don't want to do this anymore. I'm going to do 20 years and I'm going to be done. And my first thought was, I'm so glad that he finally came to his senses. But at the same time, oh crap, how do I tell him if we owe money on a truck and

a credit card, he's not going to be able to do that. And so that day I just decided I'm going to make it so that he doesn't have any excuses when that date gets there he can retire he can retire with dignity and he can do whatever he wants to do so you just said we're gonna get out of debt then I did and he was initially not very on board it took a couple days and some tears but I got him there okay all right and how did you connect up with all this ramsey stuff i actually found it through the minimal mom dawn i was watching a video of hers and she was talking about the debt-free screams and so i i have about a 30 minute 30 minute commute to work and so i pulled him up on my way home and listened to him

finished up the next morning and i sent the link to him and he called me and said, is this a joke? And I was like, no, we can do this. Why not? And so I sat down that day when I got to work and just immediately wrote everything down in a little red book that I still keep all my information in. And we did a budget about 6 a.m. a couple days later. I said, we're going to do this before the kids are up and it's quiet. We didn't have any battles. It took us about an hour. We got everything together, and we just stuck to the plan. Wow.

Yes. Well, we were in agreement. We need to do this and game on. Yes. And then here you sit 35 months later. Now, did you hit your 20-year? September of this year. Yeah, coming up fast.

Yes, it is. Wow, okay. What was the reason for the bump in income? It's a pretty nice little bump here. He got a really good raise last year. The county gave them their wages. About a 25% raise. Yeah, and then I got raises along the way, too, and also I teach court. I'm a court reporter, and I teach court reporting online, so that was an extra job that i picked up nice and for about three years we owned a small business that we just sold in december oh wow we were both working and he also does it on the side so like i said he's very talented so we had a lot of streams of incomes coming that's awesome so they jacked your income up they're trying to retain the officers yes they are yeah it's still hard to do yeah do they know that you're out um they have a

general idea yes i have not given any paperwork on it i need another job if they happen to be watching youtube the cat is out of the bag yeah way to go guys how's it feel to not have a payment in the world not a house or anything it feels awesome it is a great feeling just free how old are y'all go ahead i'm 39 i'm 45 okay very good very good and you're free yes we are already a half million dollar net worth and you're going to be millionaires in no time way to go you guys and ryan's actually currently recovering from a neck surgery that he had to have back in March. And so he's on temporary disability through the department for that. And, you know, like we told our kids on the way here that if our circumstances financially had been different, it would really be a struggle. But now it's just an inconvenience.

It's not the end of the world. Yeah. Amen. Well, congratulations, guys. Who was cheering you guys along? Anybody? Not really. I mean, our parents knew that we were doing it and our kids knew that we were doing it. They were not happy about the grocery budget, but we got through it.

Yeah. It's rough in the law enforcement community. They're against this kind of thing, being debt free. Why do you think that is i'm not sure everyone wants the best looking truck and the best looking house and they don't care what it takes so but here you are completely free yes definitely way to go guys way to go what do you tell people the secret to getting out of debt is i think being on the same page and just coming up with a plan and just sticking to it no matter what you can't make excuses you just got to stick to it. At times it's hard, but it's the ultimate goal that you're going for. What do you think the hardest thing was? For me, it was paying off the mortgage because no matter, it seemed like we were throwing so much money at it. And I would

call every few months and say, you know, what's the balance? And they would tell me and I'd be like, that's still so much money. but then I got to the point where I started thinking of it like well some people owe that on a car and you know also like Dr. John Deloney says you start looking at that new front number and so when it got below 100 I was like okay now we're getting somewhere yeah yeah now we can feel it. Yes. Now the momentum's coming. Yep, and then I would always text him, like, this is the new balance. These are the payments we made. This is what the balance is.

And so just cheering each other along, too. Yeah, you've got to see that progress. You've got to feel something. If you feel stuck, you quit. Yes. Yeah, so way to go, you guys. Very proud of you. All right, bring the kiddos up.

What are their names and ages? Briley is 15. She gets her driver's license at the end of the month. All right, Briley. Ace and Wyatt are twins, and they're 11. All right. Very fun. Very cool.

Well, good to have you guys. We're so proud of you. Beautiful family. You're amazing. What you've done is inspiring. And so now you're one of those debt-free screams. Or in a minute you will be. Yes.

Yeah, well done. We've got a couple of years of uh one year subscription to every dollar premium we'll give them to you in a few minutes and you can use one give one to a friend and pass them along who knows you might even convert one of those law enforcement guys you never know i hope so we're hoping i love it so well done all right ryan and courtney briley ace and wyatt from champaign illinois 133 000 paid off house and everything 35 months making 115 to 170 count it down let's hear a debt-free scream three two one we're debt-free way to go you guys congratulations very very well done you know there's something uh i think sometimes the career piece that's why you you know what you do with careers

makes so much difference the career piece when it gets tied up and something comes along and shakes you in your career uh and certainly that happened a lot of different people around pandemic time but law enforcement's faced a whole different set of issues um and you go wait a minute this doesn't i know and then you got to go okay what's got to be true and she said what's got to be true is we got to get out of debt and then you go okay how are we going to do that well now we're going you know here we go with the ramsey stuff and those crazy ramsey people sudden suddenly start sounding sane and and then you watch about 100 debt-free screams and then you go i want to be one of those when i grow up and then 30 months 35 months later not even three later, house and everything is gone from the moment of being

shook to there. Yeah. And for a lot of people listening that are feeling stuck professionally, the key to getting out many times is getting free financially. And in this case, this is exhibit A. If I get financial margin where I can actually breathe and move and actually get qualified to do something. So sometimes it's getting your financial house in order that will allow you to actually make that pivot. And this is a classic example. Thank you for your service, by the way. You're a great American and excited about your future, my friend. Amen.

Very cool. This is The Ramsey Show. Our scripture of the day, Proverbs 16, 32. Better to be patient than powerful, better to have self-control than to conquer a city. Albert Einstein said, we cannot solve our problems with the same thinking we used when we created them.

Thanks for being here, America. Dalton is with us in Austin, Texas. Hey, Dalton, welcome to the Ramsey Show. Hi, Dave, how's it going? Better than I deserve. How can I help? Well, I'm self-employed, and I was doing really good financially. I'd gotten debt-free almost, besides the mortgage. And then I got six-figure income one year, and I got kind of, I lost my humbleness,

and I got into a lot of debt. And now I can't even hardly feed my family, just trying to make the minimum payments. What kind of debt have you got? So we have 220 in car, not car, I'm sorry, 220 in mortgage,000 in mortgage, $36,000 in car, $18,500 in American Express business credit card, $16,500 in a trailer that I use for work, and about $10,000 on a personal loan, about $6,000 on several other credit cards that are personal debt, and about $5,000 in truck repair, like a high-interest, like on-site loan that they give you there. What are you making?

So my income is varied week to week. It's between $1,100 and $4,500 a week. What are you going to make this year in total dollars? Net profit, taxable income. So I switched fields, so this is going to be my first year in this field. Why did you switch fields? You were making $100,000 a year. Because it completely dried up.

What were you doing uh so i was in construction i had a construction company and uh i had lended a house and i built a house and then right after that house i took on all this debt i'm sorry construction in austin texas dried up no it didn't for me for me yeah no it didn't i could why did it drive for you uh i mean i i stopped getting calls it's a boom town left and right well i mean what did you do did you not build well or did you not do the work good or what i think what happened was while i was building this house i wasn't available to all my other customers. Oh, you built yourself a house and you quit working. No, I built it for a customer, but it was for one customer.

So you got overextended. You got overextended. Yeah, for that like three months, I was only focused on that one customer. And before that, you were doing just repairs, handyman stuff? Yes, sir. Yes, sir. And now what have you were doing just repairs, handyman stuff? Yes, sir. Yes, sir. And now what have you switched to now? So now I'm driving a truck, hauling rock, and I took out from my retirement, and I bought the truck outright, so I own the truck.

How old are you? 32. Okay. All right. Well, okay. You're saying you're having trouble paying your bills is what you're asking. Okay. All right. Well, okay. You're saying you're having trouble paying your bills is what you're asking. Okay. What do you make in driving the rock truck?

$1,100 to $4,500. Okay, so that is the numbers. Yes, sir. That's the new numbers. Okay. Yes, sir. Why is it fluctuating so much? We're heavily dependent on the rain and other variables, and then some loads pay more than other loads, so it's just really kind of all over the place.

All right. The money's really good and better than I've made anywhere else, but it's not dependable. All right, so let me ask you this silly question. This may be silly. Is that meaning that there are times where you have time on your hands because there's no rock to to to transport um not necessarily so some of the loads that you have to take just don't pay very well but you're busy all the time but the phones ring in and you got stuff to haul all the time for the most part yes except for the weekends well the weekends you've got stuff to haul all the time. For the most part, yes, except for the weekends. Well, the weekends you need to be working, my friend. A lot.

Yeah, I still try to do handyman jobs on the weekends and construction jobs on the weekends. Yeah, there's no try. I mean, in Austin, Texas, you were successful before. If you trace the story you just gave us, you were really crushing it when you were doing handyman jobs, smaller projects where you could be flexible and move and be a little bit more, you could pivot, you could do that. You got all locked up in that house and you had to ignore everybody and that turned off the spigot of business, correct? Exactly. All right. And I would go back to where I had success before and I would learn something from this and go, I am a lot more nimble when I'm doing a bathroom here, a kitchen there,

a fence, backyard fence there. I would be making money, and I'd be working like crazy. You need income, my friend. And the $36,000 car? Yes, sir. What is that? I'm trying to get rid of it yeah i bought it for the company and after i built that house i told my wife uh you know i'm i'm big time now and i

need a professional looking car professional looking vehicle yeah and she told me that that was not smart and she's a smart woman yeah he's very smart, and I should listen to her more. Sell the car. What's the house worth? The house is worth about $480, and we owe $220. So here's the solution. Here's your motivator. You want to get motivated, here you go. You either get your butt in gear and get your income up to clean up this mess,

or you're going to have to sell your house. One of the two. Well, that was one of the questions that I had, too. This house is too small for our family, because we have five kids, and this is a three-bedroom house. It's really a two-bedroom house that we made into a three-bedroom house. Would it be wise to just try and sell the house and get into something a little bit further out in the country?

If you go down in cost. Yeah. Yeah. So that's what I don't use this as, you know, the way you set all that up, it sounded like you were going to go up. No,

no, we can't go up. We need to go up in space, but down and, but down in cost range. Yeah. Yeah. If you, if you go from a five hundred thousand dollar house to a three hundred thousand dollar house you can free up some money to clean

up this mess yeah and you sell the stupid car yeah yeah how do you do that with a family though like i'm not sure how to sell the house and keep my because it's it's very hard to show a house when you have five kids running around no it's not they make their bed and you all get in the truck car and leave when the agent comes to show it it's so true i did it with three kids and two dogs i don't want to hear it you can my house is being shown right now as we speak and the dog and the wife left for the agent to come that's how life works dude yeah you get your crap together you know because because the family needs to get out of this mess now more importantly though i don't want you to sell this house and feel like you straighten everything up because you still

have this wandering mess of a career that you've got to get dialed in i think you fell backward into this rock truck thing because you were scared, not because it was a plan. And I don't think this is what you want to do 10 years from now. I don't think it's your career. I don't think you said, you know, this is what I want to do. I want to drive a rock truck for the next 10 years. I think you just jumped into it because you heard you could make some money

and you were so hungry and scared. So you need to be rethinking about where you want to be with a business or with your career or both over the next 10 years. And what are the steps to get to that? And that would be your Ken Coleman answer. No, it's giving me a assessment to get clear assessment in this book, find the work you're wired to do, but he may need to, at this point, Dave consider going into work for some contractor and maybe if he can really pull some good money right now and then do stuff on the side. I'd be looking to upgrade that salary quickly with your skill set.

I know this. This is a published fact. You can Google this and get 20 articles on this. There is a massive shortage right now for carpenters in America, and it pays a premium. And if you can show up on time and not be on drugs or DUIs and actually sling a hammer and do it quickly, you can crush it as a carpenter. Now, that's a fact. Yeah. And that's just one piece of the action. That's just one piece. Yeah. And so the same thing's true. I mean, we've got people in entree leadership that are making $300 a year as handymen. Electricians and plumbers. Or handymen. I mean, we've got people in entree leadership that are making $300 a year as handymen.

Electricians and plumbers. Or handymen. I mean, they've just got a handyman service. That's all they do. That's right. And they just go in and do small jobs, small jobs, small jobs, and they bid them nice with a nice margin. Do stuff for rich people they don't want to do. Get you a leaf blower.

Rich people are afraid of leaves. You know, it's like, it's the sound of prosperity. Right there, that's it. So that kind of stuff. That's really good. I've never heard that. I'm stealing that one too. That puts us an hour in the books.

We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Thank you.