The Ramsey Show - App - I'm Burned Out After Paying Off $300K of Debt (Hour 3)

Episode Date: December 1, 2021

Debt, Saving, Retirement, Home Buying, Home Selling, Career As heard on this episode: Sign Up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started:  Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE

I'm Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. Heidi is with us to start off this hour in Portland, Oregon. Hey, Heidi, welcome to the Ramsey Show. Hi.

Hey, what's up? I'm enjoying Baby Step 7. Yay! Way to go. So, my husband and I have a specific question. We have a prepaid legal plan that we use to do our will and stuff, and we pay monthly payments, which irritates me. And I was wondering if you think it's a wise thing to keep those around.

Okay. Is the will done? Yeah. Okay. So you don't need to do that again. And we're done having kids. We have four boys. But you don't need to do another will.

Correct. And so you're buying uh legal insurance against what uh that's a good question we thought at the time it was for our wills and you know other things that might come up but well the will's done yep and maybe you have some legal insurance because you have four boys and they liable to hurt somebody or something, right? But they're grown, gone? No, they're home. Oh, they're home. Okay.

Yeah. We do have our umbrella policy, all the things that we've tried to follow what you say. And this is that little piece left. I'm like, I don't know if it's a wise thing or not. Well, it's not enough money that it's going to cause you to go bankrupt or something like that. It's not enough money that's going to keep you from becoming a millionaire. I do not recommend prepaid legal or anything like that. I do not recommend extended warranties for exactly the same reason.

This is an insurance plan is what it is, okay? And things that you can self-insure through, you should, because 100% of insurance plans are profitable to the insurance company. Meaning that the probability of you actually using it more than the premium is so low that they make a profit on you. In other words, if the average person buying will just use prepaid legal it's not i'm not mad at the company prepaid legal but understand if the average person buying prepaid legal uses the legal services more than they have paid in then prepaid legal goes broke you understand what i'm saying yes so we know that they are profitable on you, vastly profitable. And so if you add up, okay, so what are you paying, like $300 a year? Yeah, $20 a month, $240.

$240 a year. So if you did that for 10 years, it's $2,400. Does the average person spend $2,400 on legal fees in a 10-year period of time? The has to be no or prepaid legal would be out of business well and then we had to do something for my in-laws and we used a different lawyer because we just felt it fit the situation better so oh you didn't even use it not for this situation it didn't fit we tried and so i thought yeah yeah you're millionaires you're millionaires if something comes up deal with it yeah yeah that's okay you need to self-insure through your legal needs meaning i wouldn't pay for legal insurance a you didn't use it but here the point has to be

that in your case on average and you know typically it20 to $25, depending on how you're purchasing prepaid. It's somewhere in that range. So $240 to $300 a year times 10 years. The average person has to spend less than that on legal on average. Take 1,000 people. Out of the 1,000 people, the typical person in there has to be less than $2,400, or prepaid legal is not profitable profitable and they go out of business. They can't pay their secretaries.

They can't pay their building rent. They can't keep the lights on. They can't pay their taxes. So they have to make a profit to cover their overhead and then actually make a profit, which is their reason for being in business. And so we just know because that's the way insurance works that you self-insure through this kind of thing. That's why I don't buy extended warranties on anything.

And Best Buy, when you go in there, they'll show you an extended warranty on a number two pencil. They're unbelievable. And so they make more. Best Buy does not make a ton on electronics. Their margins, when you buy a TV tv there you get a really good buy because there's not much margin on it they make all of their money on 90 days same as cash that turns into 38 interest with the finance company and on their best buy credit card and on the extended warranties and they're a highly profitable company on those items but it's not the the tvs are

just a trick to get you in the game the dishwashers are just a trick to get you in the game. The dishwashers are just a trick to get you in the game. And then they make their money on this stuff. And so once you understand that, then you quit playing. You know, you quit going, I'm not buying extended warranties. Because, you know, they're 87% profit and marketing cost. 87%. Wow. The actual statistical use of an extended warranty is 13 13 cents on the dollar you can self-insure it wow that's what it comes out so you know when

you break it down you see how profitable they are and and why they do it and you know and again i i'd be much more uh angry and passionate about extended warranties than I would prepaid legal. But prepaid legal just falls in the same general bucket because it's insurance that you should self-insure through. That's what it amounts to. Lisa is with us. Lisa's in Springfield, Illinois. Hi, Lisa. Welcome to the Ramsey Show.

Hello. Thank you so much. It's an honor to speak with you. You too. What's up? Coming up on a year of being divorced after a 23 year marriage um um have 31 i got stuck with 31 000 in debt um i have 31 000 in savings do i pay it all off do i not i i'm 62 i'm not going to be able to retire because he took a hunk of my 401k so i'm just kind of i don't know what to do i'm quite

honest i've been paralyzed for the last year with finances i'm sorry well and you're grieving the loss of this it's real your heart's broken on top of that my gentleman friend passed away unexpectedly on palm sunday this last year yeah so i don't know what do you do for a living now uh an event planner a manager of projects okay what do you make? I make decent money. I make $102,000. Good news. Okay.

And how much is left in the 401k after the chunk was removed? I just checked because I haven't looked since I had to give him $48,000. It's $222,000. Okay. All right. So you're 62 years old. You make $100,000 a year. You have $400,000 in your retirement plan. Very good.

$200,000. $200,000. I'm sorry. You're in so much better shape than I thought you were when you first started talking. Your checkbook's in much better shape than your heart is. Okay. And your broken heart is clouding your vision on your checkbook. So I would be very comfortable mathematically in having you write a check out of savings and becoming debt-free today and living on a budget and building up your emergency fund as quick as you can.

But I want you to work on your heart too, kiddo. Thank you. People all over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Health Care Ministries, or CHM, is a non-profit organization that helps members carry one another's burdens with health care expenses, and they have successfully shared each other's medical bills for nearly 40 years. See if CHM is right for you by visiting chministries.org. CHM is a proud sponsor of Dave Ramsey Live Events. I really can't get my head around the fact that Christmas is here in 24 days. Wow.

And a lot of people are pretty stressed out right now. I mean, you've got travel, you've got bigger grocery bills, you've got gifts yet to be purchased, and Christmas sneaks up on people like they move it or something. You know, I mean, it just, and really, I kind of feel the same way just a second right now. You know, 24 days? Oh, my goodness. Wow.

It doesn't have to be that way. You can have a plan for every part of your money, including Christmas, which gives you a sense of power, gives you a sense of confidence. And we teach you how to do that in detail, in depth, in Financial Peace University. It's the class you should have been made to take before we let you out into the world. You know, we're not taught this stuff. Financial Peace University teaches you how to get out of debt, save money, become wealthy, outrageously generous.

The average household saves $2,700 and pays off $5,300 in debt just in the first 90 days. And right now, FPU is available in a Ramsey Plus membership. That's how you get in. You do not have to live with a stressed-out Christmas every year. Make 2022 the year you finally start winning with money, where you're telling your money what to do instead of wondering where it went. Get started right now. Or you can even give Financial Peace University a gift.

Just visit RamseySolutions.com slash FPU. RamseySolutions.com slash FPU. Lucia is with us in Destin, Florida. Hi, Lucia. How are you? Hi, Dave. It's such an honor to talk to you. You too. What's up? So my husband and I are on baby steps four, five, and six. He's in the military and we own our home. We plan to move in about a year and a half. So I'm wondering, do we put all of our extra money

still towards the mortgage or do we plan for this move? We're currently in Florida. We plan to move towards family in Pennsylvania. What will the move cost? Well, I'm not exactly sure. We're military, so they will move us. What I'm really talking, I guess I should be more specific, is for our next home when we buy one. Well, you're going to sell the one you've got. Right, exactly. Yeah, you don't need to save up for our next home when we buy one well you're going to sell the one you've got right exactly yeah you don't need to save up for the next home you just pay down the one you got

when you sell it you get the checkout of it you move it up to the next property okay yeah that's easy that's easy but if you need some cash to make the move then you would plan that okay but that's not make the move is not purchase a house make the move is pay the mover and you know set up the utilities and all the crap you have to do when you move right right right okay um so really what i what i mean is for our next purchase my my gut reaction is to just save as much as possible so we can put a big down payment down on our next home you're gonna put a bigger down payment on your home because you're going to sell the one you're in. Okay, and so that extra money going towards the house,

we'll just get that back, right? Exactly, yeah. You're not spending it. You're just storing it in your house. You can store it in a savings account or you can store it in your house. Either way, you're going to get it out when you move. Okay.

Okay, perfect. Easy enough. Yeah. Thank you. Hey, thanks for the call. Thank you for your service, too, by the way. Yeah, very cool. Dr. John Deloney, Ramsey Personality, my co-host today.

As we answer your questions about your life and your money, Richard is in Los Angeles. Hi, Richard. Welcome to the show. Good afternoon. Thank you for taking my call. Sure. What's up? I got a quick question in regards to my wife and I rent a townhome over here in Orange County, and we owe about $70,000 left remaining on the loan.

And it's roughly worth about $350,000. We wanted to pay it off and use that as a extra income additional income but at the same time we want to buy our first home and you don't have the money to do both right uh either i have to say 20 down yeah so you're really not paying off the condo in that case or the townhome really what you're doing is you're borrowing on your future home in order to have a paid for rental which you would never do that no the rental paid for itself and no you misunderstood me yeah i'm sorry okay let's reach into the future for a second and let's change the scenario completely different scenario you with me follow here we go yeah you

own a home that you like and you live in and it is paid for and you do not own a townhome are you feel sitting there right now you feel that okay at that point in order to own a townhome would you borrow on your personal residence and go pay cash for a townhome okay no is the answer you would not do that right that would freak you out it should anyway and uh in essence that is the net effect of what you're describing we're going to have a paid for townhome but then that leaves us with not much to put down so we're going to have a debt on our home so that we have a paid for townhome and i wouldn't do that because i would just sell the townhome and pay as much down as you can on your

home get it paid off as soon as you can and once it's paid off if you want to buy some rentals start saving up and paying cash for those okay that makes sense yeah it makes sense that sounds uh like a great idea. Okay. That's what I would do. Yeah, just don't try to do too many things at once. You're trying to make this work too hard. Try to make this one piece of money work harder than it's capable of working.

That's what it amounts to. So there's something that happens psychologically with this reverse engineering idea, this sunk cost idea that goes, if you hadn't done it, would you go undo it right kind of thing that what's that do in the brain i think it's just i think it's just looking at a problem on the i think it's just taking a new angle at a problem and my the other day my dog was my son was trying to teach our new dog to fetch that's that's the greatest purchase of my life by the way a new dog what did you buy not i off craigslist that's all i need to say okay um so they were playing teaching a fetch and i heard him say sit sit about 40 times and it wasn't working and i went to him and said hank this isn't working and he said i'm trying to get her sit i said well try a different thing and so i modeled what a different

way and it worked and then he said oh and i think we get a picture in our head of the way we gotta have we gotta retire and let's get passive income and we gotta pay off our debt and you just keep banging your head against this thing and reverse engineering it just gives a different view of the same picture just from another angle and you go oh that's way easier this isn't working i said sit 40, and the dog's not listening to me. And just doing it again isn't going to get us there, right? Yeah, doing the same thing over and over again, expecting a different result is the definition of insanity.

Yeah, it's just looking at the same thing through. I'm just going to do it faster and with more energy. That's right. I know what's missing, enthusiasm. No. Not him, but I mean, I've done that. No, we all have a friend in a in a that goes into the mexican restaurant that tries to talk louder slower english it doesn't work genius good grief doesn't work it's not a hearing problem no and it's not a moron we all have

that friend but it's so been that guy so yeah i i have that friend. I've been that guy. So, yeah, I love that, Dave, is you take a problem and you just look at it from a different angle and you go, oh, good grief. Yeah, huh. I hadn't thought of that. That happens in our marriages. That happens in our neighborhoods. Like, I wonder what my wife feels about this. You know what I mean? Instead of imposing what I think she's going to think about this.

Yeah. You know what i mean instead of imposing what i think she's going to think about this well i think the uh the sunk cost idea is where i got it i mean it's harvard investment newsletter and the guy was saying you know if you had a pile of money in the tape in the middle of the table would you buy that stock right now for 50 a share that by the way you paid eighty dollars a share for and you go no one buy for fifty dollars then you should sell it but i paid 80 now what you pay for it doesn't matter you wouldn't buy it again you shouldn't keep it yeah daniel kahneman's work on some call it's it's it's phenomenal how we will hang on to something and just write it to the

bottom of the ocean all to try to recoup yes the need to recoup is is ridiculous we're so loss averse but you know you just you could do that with a boat in the driveway you can go ah boat's worth 20 000 bucks would i if i had 20 000 and didn't have a boat would i buy that boat no no then sell that boat sell it or yes i would buy that boat i love that boat then you would keep it then you know you just you could say if you hadn't do it, hadn't done it, would you undo it? Or just, you can ask yourself that about a lot of different things. Can't undo a dog you bought on Craigslist, though.

That's for sure. Sit. Sit. Sit. Sit. Sit. Craigslist dog, sit. Man. This is the Ramsey Show. In the lobby of Ramsey Solutions on the Debt Free Stage, Eric and Andrea are with us. Hey, guys, how are you?

Hey, Dave. How are you? Good to have you. Good to have you. Where do you guys live? We live up near Traverse City, Michigan. Oh, yeah. We've got a good friend there.

Dr. Meg Meeker is there. Oh, yeah. Very cool. Good to have you guys. How much debt have you paid off? $110,900. All right. And how long did this take? Four years and one month. All right. And your range of income during that four years and one month? We were $75,000 to $110,000.

Okay, cool. What do y'all do for a living? I'm in heavy civil construction. My wife's a stay-at-home mom and has a side hustle. What's your side hustle? Well, I'm a reseller. So I started on eBay and I do Facebook Marketplace. Cool. Clothing or? Actually, children's books. Oh, good. That's good. I homeschool. So that's kind of how that got started. Yeah, perfect. That's a good idea. A lot of people doing reselling in those situations do very well. I hope you do. Congratulations, you guys.

Thank you. So what kind of debt is the $111,000 you paid off? It's our house. Yo, look at it, weird people. Way to go, guys. Yeah, thank you. Very cool. So what's this house worth?

Yeah, $250,000-ish, possibly, somewhere in there. The market's pretty hot. We don't really know. It's kind of crazy. That's close enough. I like it. Very cool. Good for you guys.

Well done. Thank you. All right. What put you on this journey, and how did you connect up with us? I'd heard of your program when I was single and went through the FP University, never really did anything with it. And then, I don't know, we just decided after we refinanced our house here four or five years ago that we're going to start doing it and pay our house off.

Yeah, when we refinanced our house, we were trying to get rid of the PMI. And we actually used Churchill to do that. Our credit wasn't great. So that was wonderful. We got our interest rate down like three points wow and got rid of because we when we bought our house it was in 2008 when everything all the rates were really high and so that made a big difference yeah yep okay so a lower rate and got rid of the pmi and then get after it yeah yes so was it just kind of you looked up and said okay with this lower rate

we got to do something with this we got to knock it out that was kind of the first step we knew we'd have some extra money if we refinanced um we did have a little bit of a hiccup because when we refinanced we realized we were in a flood zone um with the new mortgage company and it was a different flood zone than we were paying for before so we used used, we had to pay for a survey. We basically got an elevation certificate and then a survey to get out of it. Yeah. So that cost a little bit of money, so that slowed things down a little bit. It was a process, and we just worked through it.

Very cool. That's such a great construction answer. It was a process. We figured it out. That's incredible. That's what all construction is. It's a process. And we'll figure it out. Yeah. incredible. That's what all construction is. It's a process. And we'll figure it out.

Yeah. Yep, yep, yep, yep. Very good. Way to go, guys. You don't have a house payment. Nope. I don't have a house payment. How weird does that feel?

I mean, how do you feel? Very excited. Very happy about that. How long have y'all been married? 17 years. Yep. You ever been 100% debt-free during that time? Never.

Wow. Have you had that first big paycheck deposit and you've got no mortgage payment? Yeah. We actually paid it off in June. So, yeah, we've been saving up to come here. To a listener who can't imagine a world without a mortgage payment, tell them what it feels like to get a check and have no payments in the world. Just look at it.

Well, we're looking at our budget for next month, and we haven't done it quite yet because we're on vacation for another week or so. And I'm like, okay, we're not saving for this trip. We're done saving for Christmas for this year. There's a lot of money there for this month. So we haven't really decided what we're going to do with that yet. Such problems to have. I see one of your beautiful children up there waving, saying, I know what you can do with that money, Mom.

Well, I'll bet they do. They probably got a bunch of good ideas. I bet they're helpful. Oh, yeah. What was the hardest conversation you all two had together? Like somebody at some point in this journey said, I can't, come on. I need a new fill in the blank.

Or can we please just, what was the hardest conversation you all had? I honestly think it was after we paid off the house, trying to decide what to do next with the money. I wanted to come here sooner. And there were some things that we needed to do first, money-wise. And so we actually got into a little bit of a fight. Otherwise, we didn't really fight too much about the money. No. You're the first post-debt fighter.

Fight over Dave Ramsey I've ever heard. I hear a lot of pre-debt. I was just, I think, so focused on paying it off. And I mean, both of us were, but I did most of the, like I would do the budget and then he would come in and, you know. Yeah, she was more of the cheerleader than I was. She was more passionate about it than I was at the beginning and then it took me a little while to get up to it. It was just a process. You had to figure it out. Yeah, pretty much.

That's so great, man. And I will say when we refinanced our house, looking at our budget, I was like, there's no, I want to get this done in five years. We want to get this done in five years, but we did not have the budget for it at all and so i knew it wasn't possible but i kept saying five years five years we can do this and we did it four years and yep one month well your income went up the income went up and then um because you kept saying five years yeah probably yeah you got to have some income to make the five-year thing work because it wasn't gonna work otherwise right yeah yeah that's what you're just you're just looking out there it's amazing the magnetic pull what it does i mean it's just once you decide something

instead of goal on it's like you know it just changes everything well way to go you guys you brought the kiddos bring them up what are their names and ages um alex is 15 annie is 13 and edward is 10 ah very cool very cool now have they participated in this they know what's going on or they definitely do the two older ones have been through the classes when that there were deals during covid i scooped those up and they'll be doing the entrepreneur one soon but oh wow good they did the online classes and yeah very so they did the foundations and personal finance homeschool yes ah very good yeah a lot of people scooped that up during covid yeah very good very good good good good good

well we've got a copy of the brand new book that comes out in january we're going to give you an early release copy for baby steps millionaires because you're getting ready to be one thank you if you're not already uh you get 250 000 paid for house how much is in retirement uh around 150 right now okay all right so you're gonna be there in about three years yeah four years yeah good good good way to go i love this and we'll copy of the total money makeover too to uh be able to give away and pay it forward and get someone else moving on this journey so excellent job you guys very well done we're proud of you heroes thank you you you. You're a paid-for house.

You're weird people. We're weird. I love it. I love it. I love it. All right, Eric and Andrea, Alex, Annie, and Edward from Traverse City, Michigan, $111,000 paid off in four years and one month. House and everything making $75,000 to $110,000.

Count it down. Let's hear a debt-free scream. Three, two, one. We a debt-free scream three two one i love it wow ah i like hearing the kids yell it man you, I wish we had kept the data over 20-something years of debt-free screams of what percentage of the people, when they start their debt-free journey, their household income goes up. Because almost every time.

It's got to be in the 90 percentile or something like that. Almost every time. And this goes up 75 to 110 this is a 32 34 increase this is pretty incredible i mean people say household income what happened is they said okay we can't do it we can't do it in five years with what we make they had a mission they did and they didn't even necessarily go i gotta go make more money they just went the math doesn't work the math doesn't work the math doesn't work and so they ended up going and making more money so the math would work and it's just there's this magnetic thing that happens when you go this is i'm gonna

i'm gonna speak this this is what's gonna happen it's five years it's five years it's five years and then boom it happens yeah when you go looking for opportunity, you'll find it. And you look for places where the world's, you know, beating you down, you'll find it. And you can go, like, man, we're going to hit this goal. We're going to hit this goal. And you go look, and you look, and you look, and you find it, and you find it. Wow. So proud of you guys. Well done, heroes.

Great job. I love it. This is The Ramsey Show. We'll be right back. Our scripture of the day, Romans 8.37, Yet amid all these things we are more than conquerors and gain a surpassing victory through him who loved us. Babe Ruth said, you just can't beat the person who never gives up. This would be true. Dr. John Deloney, Ramsey Personality, is my co-host today, author of the number one bestselling book, Redefining Anxiety, one of the many books on sale for $10 at the RamseySolutions.com store right now for our extended Black Friday through the whole Black Friday week.

I don't even know how that works, but they're redefining things. And apparently Friday is self-identifying as a week now. Might as well. There you go. Whatever Friday wants to be, let's do it. Friday can be whatever Friday wants to be, right?ina is with us in cedar rapids iowa hi christina how are you oh good how are you dave thanks for taking my call sure what's up um so i have a question for you um we recently paid off um over three hundred thousand000 in student loans. Wow. Yeah. Christina. Yeah. It took us about four

years. I'm a physician. And my question is, I just had my third baby and I feel crazy saying this, but I don't want to return to work. My husband has always been, um, supportive and working kind of part-time jobs while, um, taking care of the other kids. And he just recently started a full-time job, um, at a bank and it's kind of a, a train there training him while he's there. And it would be a major pay cut for me to quit my job. But, um, that's kind of what I'm feeling pulled to do. And I just wanted to hear your thoughts on that.

Wow. What is he going to make at the bank when the smoke clears on the train and everything? Yeah, so they're starting at his job as a credit analysis, and he's kind of a junior credit analysis. So his starting salary right now is $56,000 a year. And then they told him as soon as he's kind of fully trained, then it would be in the $60,000 to $70,000 would be like where he'd start at. Cool. And what do you make now? Me, if I go back to work, I'm making about $190,000 a year. Okay. All right. So we're dropping our income $120,000 to make this move.

Yeah. Yeah. If you go from $190,000 to $70,000, I mean, of course, if you go back to work, it'd actually be $260,000 because it'd be him making $70,000 plus your $190,000, but you're out of debt and you're able to make it on $7,000? Yeah. Our only debt is our house and our mortgage. What we own right now is about $95,000.

We live in kind of a smaller rural area, $95,000. We're in our mid-30s, and we have about $230,000 in retirement. Are you done with being a doctor? Are you done with it, or could you do telemedicine two days a week or go in one day a week? I mean, are you just completely burnt? I feel really burnt and it's really hard to give my all to my husband and my children when I always have that stress on me. We did talk about, I have reached out to a couple of like the CEOs at a few smaller rural hospitals about the possibility of maybe doing one or two

days a week for them in the future maybe when the baby our baby gets to be a little older um but what have you got to do to keep your medical license intact um i think i would just have to maintain my continuing medical education and my license which yeah um my experience with doctors who have a picture in their head about well let me there's two separate issues here one is um a mom who's like i want to go be with my kids that's that's that's noble great wonderful high support would never tell you not to do absolutely awesome the other side that the doctors that i've worked with and known over the years are just quite frankly wired differently than the rest of us and the thing that drove them to go to med school and get through med school and

get through residency and rotations is uh there's just a different drive and i, I've had several buddies who end up, I'm going to quit all this. I'm going to go do a small practice. A couple years later, they're back doing a night a week in the ER just to get their blood pumping again, right? So I wonder if you've boxed yourself into an either or right now

and maybe you need a break, but that there's some other opportunities to split the difference here. Okay. Yeah, I don't care. the money thing doesn't scare me what i'm thinking about is um if i were in your shoes the thing i would struggle with the most is not i you know yeah i want you to be with these kids that's what you want to do let's just let's lay that as the foundation of the whole discussion. But you have paid such a price of commitment and diligence to become a doctor, and then as a doctor to pay off the $300,000.

So you literally paid a price as well as the toll you have paid. To go do nothing with it for the rest of your life seems extreme yeah i would agree with that and i think i think that's what the hard thing and yeah and i just i think you're gonna struggle with that so i i just from a you know uh from the standpoint of that i'm gonna stay engaged at a greatly at a 90 percent reduced level or or whatever after the child comes and after you take a normal maternity leave or whatever. But like you said, go hit the rural hospital for a day or two a week,

anything, telemedicine like John suggested, or whatever it is you want to do, but something to just keep to stay a little little bit engaged and the natural result of that is going to be a hundred thousand dollars a year probably okay i mean you don't that's that's irrelevant because you're going to make plenty of money but but um i you know some kind of part time something that fits into your new life that you want to have with these kiddos but also allows you to um not just dust you know shake the dust off your feet from all of the the decade of work you've put into getting to where you are i'm sure they exist and they can write in and let me know i've never met a doctor who walked away

and ended up staying away because they're that's why, I mean, it takes such, it's such an identity. I'm a helper. That's what I do. It's hard to just walk away from that completely. Well, there's just an intellectual and emotional commitment, a time commitment. Stimulation, like the whole thing. The whole thing. So anyway, yes, I would quit doing what you're doing so that you can be with your kids and yes i would try to find some

uh greatly reduced middle ground uh that you can stand on um because i think you'll be happier uh because your intellect is going to require uh you know you're going from solving ultra high level problems high level thinking to can i have a snack can i have a snack can i have a snack and uh it's not that one is better than the other one is more noble than the other that's not the point the point is your brain is set up in a certain way now and it's it's um yeah you know uh a lot of moms of little ones, while they want to be full-time moms, they also want to have adult conversations with adults. Absolutely.

And need it. And so that's in the mix here. So, yeah, that's, but yes, I would quit. I would quit doing what you're doing. I wouldn't work the hours you're working. I would not stay in the 190 position. You don't have to. You can make it on the 70 plus whatever little, plus the other 70 that you bring in or whatever maybe you can match his now let's let's talk

about the person who hasn't who's in that situation who hasn't put in the incredible work that christina put in to get that money paid off you're stuck you you you gotta get yourself out of debt you gotta get yourself out of debt because you're not in a position to lay you can't lay under a three hundred thousand dollar blanket yes uh and waited it'll suffocate you and sleep you won't be able to sleep that's right and you won't be able to prosper your family won't be able to move forward so you you know you've dug a hole now you gotta get out right and then you can talk about doing what she's doing yeah but christina put in four years of grinding yes they've been hitting it man they've been hitting it hard. Good for you guys. So, well done.

Very well done. Dr. John Deloney, Ramsey personality, my co-host today. Good show today, John. Thank you. Good show, Ben. And James stepped out, left Ben driving the ship. Thank God. Left him at the comm.

And, of course, Laura filling in for Kelly. And so, first team's up. First team's up. That's what we got here. That's what I'm talking about. You never know. You never know. That puts us out of the Ramsey Show and the books.

We'll be back with you before you know it. In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Have a friend or family member that needs a daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.