The Ramsey Show - App - If You're a Freakin' Liar You'll Get Ghosted (Hour 2)

Episode Date: November 8, 2018

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🎵 Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and a paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in, we'll talk about your life and your money. It's a free call at 888-825-5225. Starting off this hour is Chrissy in Chicago. Hey Chrissy, how are you?

I'm a little beat down, Dave. I'm going to try and get through this without crying. Okay. My husband and I are on baby step four and six, and we actually just recently had a pretty bad breakup with our remote investor pro. And we're looking for another one, but there aren't really any in our area. So we're trying to figure out what other options we have, and if we're going to try and find a new financial advisor outside of the SmartVestor Pro family, where do we even begin? Okay.

You were working with one of our SmartVestor Pros, and you had a bad breakup? Pretty much. We didn't really follow a lot of your principles. I'm sorry, I didn't hear you. Your phone broke up. Who didn't follow our principles? He didn't or you didn't? He didn't.

Like, we've got a 529 set up for our nephew right now, and it's 100% in stocks. And he told us it was illegal for him to help us figure out anything with our 401Ks at work. And just, like, some weird things. We had emailed to set up a meeting to get together, and we were going on a vacation, and we went on vacation, and by the time we got back from vacation, we had a letter in the mail that said that they were no longer going to work with us. And when we called to find out why, they didn't answer our phone calls, they didn't return any voicemails, and we were completely ghosted.

And we were able to get a hold of the owner of the place, and he said that they didn't owe us anything, and it was none of our business why they wanted to dissolve the relationship. So we were pretty blindsided by that, and so now we're trying to move on, and there aren't any other options in our area okay well i'll tell you what i'm gonna put you on hold and uh i want to get you in touch with our smart investor pro team here and we can do two things one is i want to get to the bottom of

what happened there uh because if that's exactly the way it happened, then that's obviously not acceptable. That's not who we endorse. We don't endorse people that do stuff like that. And then secondly, see if we can help you find someone in a different area. So, hey, thanks for the call. We appreciate you calling in. I wish I could be more help, but what I can do is I'll put you with some folks that make sure you get helped on our team,

and I can promise you you will get an answer. Hey, thanks for calling. Open phones at 888-825-5225. I will tell you folks this. We have 140 staff members that check every lead and every process that goes on with a SmartVestor Pro or with any of our ELPs. If you post your stuff on the website and it goes in, we follow up with you and see how it was. And so oftentimes when I get a call like that on the air, we find out later there's something else going on. And I'm not saying that Chrissy's not telling the truth.

I don't know. I don't have any idea. We'll find out, though. I'm not saying that Chrissy's not telling the truth. I don't know. I don't have any idea. We'll find out, though. I can promise you that because that's not okay. But sometimes, you know, I had a lady call the other day and said a smart investor pro told her to buy single stocks. And we found out the guy she was working with was not a smart investor pro. We called and followed up. How fair.

And so she was just confused. I guess she thought everybody was a smart investor pro. I don't know. So there's stuff like that that happens. And I don't think that's what happened with chrissy but we'll get the bottom of it and if the guy's truly a jerk is the way she's laid it out then he won't be a smart investor pro anymore we can handle that by the end of the day you're gone uh but if you know something else is always almost always something that I don't understand. And I want to understand every piece of the detail. Open phones at 888-825-5225.

Lena is with us in Milwaukee. Hi, Lena. How are you? Hi, Dave. I'm glad to talk to you. You too. My husband and I are questioning if we have enough life insurance. We're on baby step six.

So I just kind of wanted to get your take on it. Cool. So he currently has a $750,000 policy, and I have a $250,000. He is a sole breadwinner. I stay at home. We have about 15 years left on these. We got them about five or six years ago.

Part of me feels like we need a little more, and I don't know if that's just my... What does he make? This year, he will be making $90,000. Okay. All right. He does also have about $50,000 through work. Okay. For life insurance.

Okay. And how old are you guys? He is 50, and I am 32. And how old are the guys? He is 50, and I am 32. And how old are the kids? 12 and under. We have four. Okay. All right. And how much debt do you guys have, not counting your house?

We only have a house. Good. That's good news. And we owe 72 on our house. We have about half of it paid off. Good for house. Good. That's good news. And we owe $72 on our house. We have about half of it paid off. Good for you. Okay. So here's kind of how the process should work.

Okay. You buy life insurance to last long enough, and generally we say 15 to 20 years because for most people that will fit, until long enough that the kids are grown and gone. Okay. until long enough that the kids are grown and gone, okay, and you've got 15-year policies, and so your kids just about will all be grown and gone in 15 years, pretty close. You have 15 years left on this, so that's pretty close, until the house is paid off.

You'll have that done in this period of time. That's good. And until you've had time to build some wealth. So let's say that you were a typical cookie-cutter couple, okay, and you were both 32 and you had kids 12 and under. Then what we would say is 20 years from today, you'd be 52. Those kids would be grown and gone. Your house would be paid for, and you've been working the Dave Ramsey plan.

You'd probably be an everyday millionaire by then. And so you're probably sitting on $700,000, $800,000 in your mutual funds. You've got a paid-for house and no kids at home. But then you don't need life insurance. And so because you've gotten out of debt and built wealth, your need for life insurance is gone because you could live on all that money and no debt and no kids at that point without any trouble. Agreed?

Yes. Okay. But we're not there today. Okay. So your feeling is correct, but it's a mathematical thing. It's not a feeling. He should have 10 to 12 times his income on him. And so he had about a million dollars.

He's about $250,000. When we got the policies, we were at 10 to 12 times. So you need to add to it. You can keep the one you got, just add another one. Buy another $250,000, $300,000 on him or whatever, depending on how fast his income is increasing. Because if you had a million dollars if he died and you invested it and it made 8%, that would be $80,000 a year. You'd be okay. Okay.

That's the idea. We're trying to replace his income if something happens to him. And in your case, he's got to hire Mary Poppins, and hopefully he can do that for $25,000 or $30,000 a year as a return on your $250,000 if something happened to you. So that's about right. So you're in pretty good shape, but I'd add a policy to this. Go to ZanderInsurance.com.

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We want to help you. Our whole thing is about helping people. It's what we do. But my customer care team on the 1-800, we take about 30,000 calls a month in there. And I do not require them to take crap off of crazy people. So if you want to call up and rage on one of our people, we'll fire you as a customer. And I think the word is ghost you. I think that's what you call it, right? We will ghost you as a customer if you're going to be a crazy butt person.

Okay? So the lady calls up just now and says, SmartVestor Pro ghosted her. Well, guess what? I go to the break, and Kelly goes, the woman completely lied to me about what she was coming on the air to say. So possibly what she just said to me on the air was all a lie. Do you think?

So I think I know why she got ghosted. But we'll know. We'll look into it a little bit further. But we're a little bit of a different company. We don't have to put up with your crap. Two percent of the American public should be institutionalized. And we don't do that kind of counseling. So, you know, we don't have to deal with you.

We'll just fire you, send you to our competitor. I don't like you. Good. It's my spiritual gift. You know, I can handle that. We help tens of millions of people who want help and are kind in the process. Sometimes people get frustrated. Sometimes our SmartVestor pros mess up.

Sometimes our team messes up. Sometimes our ELPs mess up. Sometimes one of the people we endorse on advertising mess up. Absolutely. Every company lets someone down. I let one of our people internally let one of my good friends down this week, and I've been apologizing through half the dead gum week because we screwed up. Sometimes you screw up in a company, and you just have to own that and go on.

But sometimes you folks think that you're just allowed to misbehave in any way you want to misbehave, and we're supposed to put up with you. Don't be confused. We're not going to. We'll help you, but you're going to behave in the process. And not freaking lying in front of 15 million people about me and one of my brands, that would be a good idea. That'd be a good idea, because I don't have to just sit here and go, oh, well, I'll try to make you happy. No, you freaking lied to Kelly to get on the air, lady.

No wonder you got ghosted. Okay? You're now ghosted here, too, so figure that out. Ghosted. Give me a break. It means we're not putting up with your crap. Is that what that means? Okay.

So, unbelievable. So, you know, here's a plan. If you're going to call this show, don't lie to Kelly. That's a good plan. You put one thing on the screen over here I'm going to be talking about, when I come up, it better be what we're talking about, you know, because I'm going to call you out. It's that simple.

It's really not hard. We're here to help you. We're really nice people. But we're also hillbillies, and we just don't like being insulted and having our integrity questioned so that's how this works right i got one thing to sell around here and it's trust it's trust and you can't trust me if i don't have integrity and so believe me we've got integrity it hurts so much. We've got integrity. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money.

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Christine is in Minnesota. My husband and I are on baby steps four through six. We're in a position to fully fund both our Roth IRAs in January for 2019. Would you recommend one lump sum, or should we stick with auto-paying each month? P.S., every dollar is amazing. Best budgeting app ever. Well, thank you, Christine. We appreciate that.

Well, here's the thing. You could lump sum it, and it could go down the next week. But over the scope of time, the longer you have money invested, the more money you're going to make on the investment. So lump sum, as soon as you have money to put in, I put it in. But you have to be emotionally prepared for the market to drop right after you put it in the lump sum. It's not a big deal. You don't lose any money unless you cash it out.

No one gets hurt on a roller coaster except those that jump off. So if you can put the money in in January and emotionally be prepared, because it's a long-term Roth IRA investment, it's going to be 15, 20 years, that kind of stuff, then that's okay as long as you can emotionally afford to watch it go down and then write it back up you're going to come out mathematically ahead putting the most money in the soonest rather than dripping it in but a lot of people do let's go you know look at the advantages of dollar-cost averaging, and part of the advantages of dollar-cost averaging, honestly,

is just the emotion of it. You just get to watch it go up and go down, and it doesn't hurt as much because it's not all in there yet. So you can leave it with the auto-draft, and that's going to be more emotionally appealing mathematically. Again, if you can hold your nose, if it goes down and ride it out, you'll be better off the lump summit. Sarah's with us in Des Moines, Iowa.

Hi, Sarah. How are you? I'm good. How are you? Better than I deserve. What's up? Well, so I was calling because I need to know what you suggest on getting my husband on board. He's doing everything I ask him to.

He's following the envelope system. He's doing everything like that. But he's not engaging or changing his mindset, and he doesn't want to be part of the budget meeting. What do you want? What should I do? Okay. How old are you guys?

29. We just got married in the end of september oh wow you're brand new married yes then we decided to start this okay cool what's he do for a living he's a apprentice plumber okay and um what's his dad do for a living um he's retired what did he do for a living? He was an, oh, what's it called, something for DZ here in Des Moines. He did, like, research and development, and that's what it's called. Okay. Do you think his mom handled the money in his house growing up? Yes.

That's what I was guessing. Okay. his house growing up yes that's what i was guessing okay so uh what i hear is a guy who works with his hands and uh he's used to come up bring bringing the bacon and coming home and throwing it on the table and it's what he watched his dad do his whole life and mom took care of the money and so now he just got married and he thinks it's going to work that way there because that's how it works before we go yeah yeah that's how it worked before we got married. Yeah, yeah. That's how it worked his whole life, watching it.

It's the only model he's had. And he's not a bad guy. He's a hardworking guy, and his parents are great guys. They're great folks, too. There's nothing wrong with that. It just is not the most efficient model. And so he's looking at you like you're from another planet when you're describing this weird way of doing things versus how he grew up.

Yes, he does. Yeah, so this is not like him being obstinate or a bad husband you've been married a whole month he can't be a bad husband oh no he is perfect yeah well except for this one little thing you know so what i would do is say is just say this to him. Just say, listen, let's try something different. I need your help as my man. I want you to emotionally carry this weight. I don't mind doing the math part, but I want you to grasp where the money's going so that we're making our decisions, our big decisions together, and then I'll write the checks out. I'll make sure the bills are paid. But I need you to carry the weight of this household with me as my man. Okay.

That guy that we're talking about can hear it if you say it that way. And this is with the TV off, no interferences, and you looking deeply into his eyes. I need you to ask my man to help me carry the weight of this house. That guy will hear that, won't he? Well, can I ask one more question? Yes, ma'am. So I want to go to the Money and Marriage here in Des Moines, and he does not think that we should go.

Oh, well, I'll give you a pair of tickets. Since you got free tickets, now you have to go. Hold on. Why in the world would you trust some random guy in a cube when getting your mortgage? Do you really think he cares about your long-term money goals? Well, he doesn't. Those companies care about getting you into whatever home loan program they're pushing that week. When it comes to ordering a cheeseburger, the meal deal works fine. But let's get real, people.

We're talking about the largest investment you'll probably ever make, so don't be naive and trust an order taker who pressures you into a prepackaged loan. My friends at Churchill Mortgage have been helping my listeners for over 25 years. Call Churchill Mortgage and get custom solutions from an expert within 10 minutes. It's simple. They'll shoot straight with you and quickly show you the real way to save money. Call 888-LOAN-200. That's 888-LOAN-200.

Or visit ChurchillMortgage.com. This is a paid advertisement. NMLS ID 1591. NMLSconsumerAccess.org. Equal housing lender. 761 Old Hickory Boulevard. Redwood, Tennessee, 37027. In the lobby of Ramsey Solutions, Tom and Amy are with us.

Hey, guys, how are you? Hi, Dave. Hey, Dave. We are way better than we deserve. How's that? I love it. Welcome. Where do you guys live? We are from North Andover, Massachusetts, which is about 20 minutes north of Boston. Very cool. Welcome to Nashville. Thank you. Good to have you. And all the way down here to do a debt-free screen. Well, that and the Patriots are playing the Titans. Oh, they are. I heard that rumor they are yeah it just happened to coincide so it was a good time okay that'll be a fun fun

weekend then it should very cool good well welcome we're glad to have you and so how much debt have you two paid off oh i have to look at my number i'm sorry i'm nervous so 376,240. Love it. How long did this take? Six years. Got it. And your range of income during that time? We probably started around $120,000 and right now about $280,000. Way to go. What do you guys do for a living?

I'm a real estate agent for Coldwell Banker in Andover, Mass. Cool. And I'm a nurse practitioner. Awesome. Great careers. So I'm guessing the length of time and the amount, maybe you paid off your house? Oh, yeah. We did.

You are debt-free, housing everything. I'm looking at weird people. I'm looking at a real estate agent with a paid-for house. Amen. There you go, man. That's like a unicorn. That's rare. Yes, it is.

Oh, goodness. Man, that's awesome. Yeah, it really is Oh, goodness. Man, that's awesome. Yeah, it really is. Very cool. How old are you two? I'm 61, and Amy is 17. No. There you go.

That's nice. Thank you. 49. Good job. Well played. Well played. Oh, man. Well, congratulations.

How long have you guys been married? 11 years. 11 years. Mm-hmm. Oh, man. Well, congratulations. How long have you guys been married? 11 years. And we got married in 2007. And I had been single for quite a while. Amy had been single for quite a while. And we met at my niece's play. But we kind of knew each other from sight from a church in Andover, a free Christian church that we were attending.

So what happened six years ago that made you decide to lean in and knock this house out this fast? Oh, good question. So at the time, I had switched and decided to teach at a university, and my income had been cut. We just came off several years of very poor real estate market. And we had been racking up debts with credit card, car payments, home equity loan. And my brother got married in 2012 and we maxed out our credit card to go to the wedding and took his wedding gift out of our home equity account and then decided enough was enough and we weren't going to do this anymore. And we found you.

I actually got invited to a 30-day challenge group on Facebook that was about goal setting. And you listed out your goals, and my top goal was to get debt-free. And on about day 16, the video said, hey, if you're trying to lose weight, follow this person over here. But if you're trying to get out of debt, go find Dave Ramsey. Wow. And so I had heard your name from Fox News,

and so I was familiar with your segments there, but I had no idea that all this existed. And I think we had decided not to use the credit card at that point, so I really desperately wanted to buy your book, and I had to wait because I couldn't charge it, so I had to wait. But we read the book and immediately started turning things around. And after we paid off the initial debt, we decided to just go for the house. Yeah, just keep going.

Yeah. Just keep going. Wow. And you knocked it out. How does it feel not to have a payment in the world? Pretty cool. Kind of good, yeah. Yeah.

I mean, from six years ago, this is a complete turn. I mean, you were completely broke, dead in debt, deeply and stressed out. And, I mean, you're putting wedding gifts on home equity line. My goodness. I mean, that's broke. All the way now, you don't have a payment in the world. No, we don't. We own our cars.

We really have nothing. We don't use our credit card. We don't have one. We don't even have one. I thought we did, actually. My son just finished college. He actually will graduate in December. He's taking his last class now, and he was cash flowed through college.

So he'll come out with no debt, which is another nice thing. I love it. I love it. Well, congratulations, you guys. Thank you. Thank you so much. How much is this house worth? Right now, like, probably close to five.

Okay. Yeah. Yeah, that puts you in really to five. Okay. Yeah. That puts you in really good shape. Yeah. Well done. That's awesome, guys. Yeah, thanks so much for everything. Very cool.

What do you tell people the key to getting out of debt is? Focus and intensity, I think, was huge. It was hard, definitely. We paid off the initial debt, and then when we started the house, it felt like it was just a really long haul to get here. And there was a lot of times that we kind of looked at it and thought well we don't need to be going at this intensity it's it's a house payment everybody has a house payment and yeah i think um we just listen to your podcast um a lot every day had that i drive a lot for work and so i have you on in the car a lot. And it's just very encouraging to keep hearing people and thinking,

that's going to be us someday. That's going to be us. Only I really thought I was going to come down here and just have a cookie and sign my name on that wall. I wasn't having any intention of doing this. But here I am. I surprised her. I sent an email in.

Oh, okay. And then we found out the Patriots were playing, and it seemed like it was. Yeah, it's destined. It was destined. Absolutely. I love it. Here we are. Very cool.

Very cool. Well, we're honored to have you here and very proud of you. Who were your biggest cheerleaders? Oh, I have to think each other. Yeah, I would say each other. I mean, most people, you know, we don't really discuss this type of thing with a lot of folks, like anybody really. So, you know, I think it was one of those things where we knew we were doing this and what we were doing and why we were doing it. I have to say that, you know, she is the person who is the most focused.

I'm the nerd. Yeah, she also has a degree in economics. Oh, there's that. She is the person who is the most focused. I'm the nerd. Yeah. She also has a degree in economics. No, there's that. Yeah, there's that thing. And so she's very, and I'm not. I'm a real estate agent. There you go.

There you go. That's right. That's right. Who at one point nicknamed me Amy Ramsey. Yeah. Uh-oh. Uh-oh. Well, well done, you guys.

We got a copy of Chris Hogan's book for you. That's Retire Inspired, number one bestseller. And that's the next chapter. We're going to close the debt chapter. Now we're going to open up the Become Very Wealthy chapter, the Everyday Millionaire chapter. You'll be there in no time. You already got a half-million-dollar net worth just on the house alone, not to mention retirement and other things, I'm sure, that are underway. So well done.

Very well done. But we've got a copy of that for you. Congratulations. We're proud sure, that are underway. So well done. Very well done. But we've got a copy of that for you. Congratulations. We're proud of you. Thank you. Thanks so much. All right. It's Tom and Amy from Boston, Mass.

$376,000 paid off in six years. Make it 120 to 280. Count it down. Let's hear a debt-free scream. Three, two, one. hear a debt-free scream. Three, two, one. We are debt-free. I love it. Yeah.

There we go. Very, very well done. Very well done. All right, let's go to Nancy in Louisiana. Hey, Nancy, welcome to the Dave Ramsey Show. Hi, thank you so much. My husband just recently retired. He's 64.

I'm going to be retiring in June. I'll be 62. And we were wondering what would be the best time for him to start receiving Social Security. And the reason we're asking is because I'm a teacher, I'll be affected by the government pension offset. So basically, I will receive zero as a spouse for his Social Security or zero as a widow. So I thought he should start taking it now, early. Yep. And here's the math on it, okay?

If you take it now and you blow the money, no but if you were to take this amount now and invest it up until say 66 and compare the return on that investment with how much extra you would have received if you waited till 66 you come out ahead plus of course like you said when you die uh you don't get Social Security anymore. In your case, it's doubled up because of the offset. And so when you die, you lose your Social Security string, but you don't lose the money that you got from Social Security and used to invest. So even if you don't need the money, especially if you don't need the money, you take the money now and invest it and pile it up. And you wouldn't be asking about it if you didn't need it.

I mean, if you were in a position that you had to have it, you would have just gone and done it. So you don't have to have it. So take it and pile it up in an investment, and you'll end up with more money during life and more money during death doing that. And I always take it early unless there's some kind of extenuating circumstance. It generally works out to your favor, the way the math plays out.

You'll make more money on your money than they will pay you to wait. That's what it amounts to. This is The Dave Ramsey Show. Let me tell you a story about two families that are very much alike in a lot of ways. Both families have two working parents and a couple of young kids. Each has debt and has struggled to make ends meet. But they're starting to make headway with their budgets and smarter decisions with money. They have dreams and plans, and the only real difference is that one family has the right amount of term life insurance and the other doesn't.

Big difference. If one of the parents die, and that does happen, their well-being would be destroyed. Paying for the mortgage, utilities, food, and other bills would be impossible, let alone saving for education or retirement. That's why every day I talk relentlessly about getting term life insurance. Just go to zanderinsurance.com or call 800-356-4282 and see how inexpensive it really is. Be the family that takes those deliberate steps to be different and responsible. It really does make you the hero of your story, and it puts you on course for better things ahead. So a millionaire is someone with a million-dollar or greater net worth,

not a million-dollar income. Your net worth is not your income. Your net worth is your assets minus your liabilities, what you own minus what you owe. Now, we have people who are even in Congress who are too stupid to know the definition of a millionaire. A billionaire is not someone that makes a billion dollars a year. I watched one congressman come out and said, Donald Trump's not a billionaire. He didn't make a billion dollars last year. Well, you idiot, that's not what a billionaire is. It's not taking up for Donald Trump.

It's just know the definition of something. My gosh, it's an accounting term. And it's not up for like you're redefining what it is, okay? A million-dollar income is not a millionaire. You can have a million-dollar income and have no money because you spent $2 million. You could be broke. Believe me, I meet athletes all the time that do it. They have a $2 million income, and they have no money, no idea where it went.

So your net worth is what you kept. It's your assets minus your liability. So what you own minus what you owe equals a million dollars then you're a millionaire now is that the end of everything no but that's a really really good start it's a really good start it used to be back in the day if you were a millionaire that was everything like daddy warbucks on little orphan annie you know i was a millionaire and it's like today that's more like a billionaire, really, probably. But a millionaire probably means that you probably have a $500,000 paid for house,

and you got $700,000, $800,000 in your 401k, which means you got a $60,000, $70,000 a year income with no debt in retirement. That's a pretty good place to be versus trying to live on social insecurity, right? And so a millionaire is a good place to start as a measure of saying, okay, now you're wealthy. Because by definition, that's wealthy. So you can become a millionaire. You really can. It has nothing to do with your family's money.

It has nothing to do with your level of education or where you went to school. You don't have to make $500,000 a year to do it. You just have to be intentional with your money. Now, our team here at Ramsey Solutions and Chris Hogan, Ramsey personality, have become experts on millionaires in the past several years. We started doing a millionaire theme hour here on the air talking to millionaires, asking them how they became a millionaire. Did you inherit your money? Almost none became millionaires by inheriting their money. It's less

than 7%. So when someone says, well, yeah, the only way you get money is you inherit the money. What is Eeyore your spirit animal? I mean, really, this is ridiculous. Your whining just goes on ad infinitum. So the truth is, is that almost no one became wealthy in America today by inheriting their money.

Less than 7%. We've done the largest study of millionaires ever done in North America. We can't find anyone that's even close. We in-depth interviewed 10,000, about 10,400 now, millionaires, and found out what they did, where their money came from, how they got it. Now, that's good information if you want to be one. You're going to want that information. Chris Hogan put it together in a book called Everyday Millionaires. It comes out the first week of January.

How ordinary people built wealth, built extraordinary wealth, and how you can too. The book's $20. We're going to give you $50 worth of extra stuff if you buy the book early. Why else would you buy it early? Just wait until January, right? But I'm going to give you $50 worth of stuff to bribe you. We're going to give you the Everyday Millionaire's audiobook, which actually Chris finished recording that yesterday.

And if you've ever heard Chris Hogan's voice, you could listen to that guy read the phone book. So, I mean, his... Yeah, so I can't even begin to do a Chris Hogan. But anyway, Everyday Millionaire's audio book, the e-book, and the video lesson from Chris on how to retire inspired, and from me, a video lesson called It's Okay to Be Wealthy, which it is okay to be wealthy. You didn't do anything wrong.

As a matter of fact, you did a lot of stuff right. You're not a thief. You're not a crook. You're not a jerk. You're not a bad person. You're not a jerk. You're not a bad person. You were just successful. Oh, darn. Which activates whiners around you.

I know that. I understand the political climate. But whiners are going to whine. It's what they do. That's why we call them whiners. You don't let that stop you from being successful. You go be successful. You go change your family tree. You're not going to be ashamed

of having lived on less than you make and invested money while everybody else spent their money and then you ended up with some wealth. There's no shame in that. No shame in that game at all. So, Everyday Millionaires is $20 at DaveRamsey.com

or ChrisHogan360.com and we'll throw in the $50 worth of stuff. I just love this book. I love what this says. It says that the American dream is alive and well. It says that you can do it. You have the dignity of deciding what your future is. Ready, set, go.

It's what I've been saying for 25, 30 years here on the air, but now, I mean, we've got the data points, the in-depth, detailed, properly done research to prove it. It's indisputable. You can win. Regina is with us in Phoenix. Hi, Regina, how are you? Excuse me.

I'm good, Dave. How are you? Excuse me. I'm good, Dave. How are you? Better than I deserve. What's up? So, I did something really dumb, and I'm all freaked out, and now I don't know where to go or what to do. I've been on disability for five years as a result of cancer and I have no skill set so I went and enrolled myself in school and now I have a loan and it picked me out and I don't know what to do with it at this point because I don't want to keep I don't want the loan to get bigger and once I get out of school and I'm released to go to work it should coincide about the same time i want to do everything i can do to make the loan go away okay but i have no clue how

to do that i'm divorced it's just me so how old are you i 56. What are you studying in school? How to be a medical coder and biller. Okay. And when will you graduate from that? June 21st. Okay. And so when you get out of that and you have to start paying the loan back, you get the job, right? Yes.

And you start doing medical coding and you get a job doing that. I hope you can get one doing that. And then you get about the business of paying the loan out. I wouldn't have done it the way you're doing it, but I don't see any reason to freak out. Just go follow your plan through. Play through. Okay. I mean, just finish now.

You borrowed enough to do the school, and it's already paid to the school, right? Yes. Yes. No more? Yeah. No, just the exact amount. Okay, you're done. You're done.

No more borrowing. No more borrowing, and you work your extra jobs or whatever you've got to work to eat while you're finishing up the school. And then you graduate from that. You increase your income, hopefully. That was the idea. And then you go back and you knock the loan out. How much did you borrow? Ten grand.

Okay. All right. And what do you make now? I'm still on disability. So I make about $900 a month. Okay. And you live on that? Yeah, basically.

I got you. Basically. I don't work right now. I know. I know. So, I mean, that's all you got to eat with, right? So you're eating on that? Yeah.

Okay. All right. And you've done on that? Yeah. Okay. All right. And you've done something to keep your lifestyle way down. And then when you get out of this and you start medical billing, what do you think you'll be making there? The average in the Phoenix area is roughly $30 to $50

a year. So your income's going to triple to quadruple by this time next year, which means if you kept living kind of like you're living now, you could pay that loan off in about 20 minutes, couldn't you? I'm hoping.

Yeah, you're going to be okay. Just finish, though. Play through. Finish the degree, get the job, and knock the loan out. I don't think you need to freak out. It's not exactly what I would have signed you up for, but you're there now. You can do this. You can do this.

I think you're just scared because you've been through a lot. But you're stronger than you think you are. You're a cancer survivor. Get after it, kiddo. You can do this. This is the Dave Ramsey Show. Hey, guys. This is James Childs, producer of the Dave Ramsey Show.

I'm excited to announce that we're now carried on 600 radio stations across the country. To find one near you, head to DaveRamsey.com slash show.