The Ramsey Show - App - I'm Newly Divorced...Should I Close My Business and Start Over? (Hour 2)

Episode Date: October 4, 2021

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Thank you. Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studio, it's The Ramsey Show, where America hangs out to have a conversation about your life and money and family and relationships and all sorts of fun stuff. I am joined today by Christy Wright, Ramsey Personality. I'm George Campbell, host of the Fine Print and Entree Leadership Podcast.

And might I mention, Christy, a big congratulations for a number one national bestselling book last week. Thank you. We got the news. Yeah, it was huge. And I don't know if you heard this, but in week two, it hit the bestseller list again. So this is two weeks in a row of bestseller lists. Wow.

I'm so excited and the coolest part of putting any project out in the world but it's seeing the stories the feedback that it really is helping people so thank you super excited super grateful for the team that pulled it off and uh yeah the number one thing people are saying is it's not just another time management book and gosh that was the exact heart behind it so yeah super fun take back your time the guilt Guilt-Free Guide to Balance. It's a great book. Get it for everyone in your life to tell them that you love them.

Sure. Right? That's what you do. All right. Open phones this hour. 888-825-5225. Give us a call about just about anything at this point. We'll try.

We'll do our best. Yeah. That's what we're here for. Money always. Life, time management, relationships. but y'all know i love helping people in business we've got the business boutique conference next week this week my online coaching group is open so i'm kind of on this business kick so maybe you've got a question about how to grow your business how to pay yourself or maybe you are one of those people

that you're in baby step two and you want to pay off your debt faster you're like i'm gonna start a side gig. What should I do? I can help you come up with a business idea or tell you if your idea is good or not. See, I'm going to tell you the truth, if it's good or not. So if you've got a business question, give us a call. I'd love to help you out as well. We heard some inspiring stories in our staff meeting this morning from team members who got a little gazelle intense and started some side gigs to pay off their debt. And there was all kinds of things.

Beef jerky businesses. Yes. Selling that on the side. Yes. They were shipping coins. Weirdest, weirdest. Shipping coins and getting them sorted and then sent a check. Yeah. And we're like, okay, I think this is legal, but I'm not sure exactly what was happening.

If someone at the IRS is listening, give us a call and we'll get through it. I was laughing so hard, but also so proud of their scrappiness. Yeah, that's one of the things I love about small business people, and even side business people, whatever. You're just scrappy, man. People think you need a degree to be super sophisticated to win a business. No, you just got to be scrappy. That's right.

And I love seeing that. That's really cool. All right, open phones. Sam is on the line in New York City. Sam, welcome to the Ramsey Show. Hey, guys. What's going on? Hey, how are you?

How can we help? I'm doing good. Basically, my dilemma is this. I'm a senior in college, and I'm majoring in business management. They instituted a vaccine mandate, and they denied my religious exemption request. So, what I'm at is, you know, I don't graduate. I was ready to graduate in May. So where I'm at is now I transfer to get a random online degree.

You know, I feel like that's going to affect me down the road. What do you guys think? Okay, so it's in business management is what your degree's in? Right. Okay, well, tell me this. What is your concern about the online, just the fact that it's online that it doesn't have some type of reputation like the the school you went to or is it this specific online school that you're not as believing in as much well yeah it just i mean i put in i already invested so many years and so much money

to get this degree from you know and now to just go online. I just feel like it's not, it's not the same or am I overreacting? Well, I just want to say, I'm sorry that happened. I'm sorry you have put in the time and now you're finishing out in a way that you didn't want to. And I'm sorry, because that's that there's a little bit of loss there to grief, you know, like I thought it was going to go this way and it didn't. And I hear that. Here's what I'll say, Sam, on my side of things of working for this organization. We hire a ton of people.

I'm a certified business coach. I have hired plenty of people in my life. What people are looking for has so much more to do with who you are, how you interview, the skills that you have, the experience that you have, then the title on your degree. I know you're disappointed. And I just want to say that's valid. I can't blame you there just because you didn't think it was going to go this way. I don't think it's going to keep you from getting the job that you want. I think what's going to get you the job that you want is you. I think experience, networking, doing what Ken Coleman teaches, getting around the people that are doing what you want to do, getting an internship this year, getting your foot in the door, building

relationships, getting some experience, solving problems, showing your skills, developing your skills, helping people. That's what's going to get you a job. That's what's going to get you promotions, not a degree. You're disappointed. And I get that. But I just want to encourage you. I don't think that that's going to hold you back. I don't think that that's what was going to get you the job before. And I don't think it's going to keep I just want to encourage you. I don't think that that's going to hold you back. I don't think that that's what was going to get you the job before, and I don't think it's going to keep you from getting the job now. I don't know. George, what do you think?

I think it comes down to the person. Yeah, I've got questions about do your credits transfer? I mean, how much are you losing here when it comes to education? So I was going to graduate in May. If I transfer, I have another year and a half left, it looks like. On top of that. I didn't realize that. I thought it was the same track record. You are losing a good chunk of time by

switching to the online degree. Why? They don't actually offer any online. It would be a different school. Right, but I'm saying, can you find us... I was a transfer student. I transferred from the University of Central Florida to the University of Tennessee in Knoxville after a year and a half, and all but like four credits transferred.

I found the school I wanted to go to, it was an in-state school to get in-state tuition. Can you find an online school that will accept the majority of your credits where you're only having to finish out and maybe there's a couple that don't transfer? That's my question. Got it. Yeah, so a part of it is because I spent a year abroad. So the school I'm in counted that for credit, but a lot of these online schools aren't counting that towards credit

my year abroad that I spent. And the school isn't willing to let you finish out online? Is there a way to do that? No. No, they won't. Interesting. What school is this? Sison School of Business.

Okay. Well, I would do some more research and dig into it. I don't want you to just make this jump without having all of the information possible. So now that you're going online, I mean, the world is your oyster. Yeah. You can do any program, and a lot of these online programs are actually really good now. You don't have to go with, like, a sketchy online university. You can find a lot of accredited universities online with online programs are actually really good now. You don't have to go with like a sketchy online university. You can find a lot of accredited universities online with online programs.

So I would call up every single one that is an option that you can cash flow and figure out who's going to take the most credits so that you spend the least amount of money and the least amount of time to finish out this degree. Yeah, I didn't understand that, Sam, about adding so much time to your education. I totally agree. I don't want you to do that either. I'm taking online classes right now through Fuller Seminary classes. And I chose that to your point, George, because I could choose any school I wanted to because it's online. I was able to choose the one that had the classes I wanted, the program I wanted. So Sam, I think it might just take some more research and digging to find a school that's a better fit for your specific program that might accept those study abroad credits that you can customize and have less time. Yeah, less time. Don't add on all these

semesters if you don't have to and the cost. Yeah, I agree. I think there's more out there. I just think you might have to do some digging to find it. And I think it'll be worth it if you do. Sam, can you cash flow this experience regardless? Yeah. Okay. Well, that's good. That's a big up right there. So I think you need to do some research. And like Christy said, Sam is the determining factor here, not the degree. The question is, are you good at business management? And get your feet in the door somewhere. I mean, I started here as an intern, and my degree really was not a huge

part of that discussion. I started here as a project manager so you and i both have stories of starting out doing what we could where we were yeah start with where you are with what you got sam you got this man this is the ramsey show I saw some recent financial statistics and there was some pretty troubling news. When families were asked how long it would be before they faced financial hardship if a spouse died, nearly one-third said they'd be in trouble immediately. Another 44% said they'd be financially drained within six months. People, it does not have to be this way. Term life insurance plans are just plain cheap, and companies have made it even easier by not requiring exams in many cases. There really is no excuse to leave your family in this situation by not having life insurance. This is why I talk about Zander Insurance every day. They're committed to protecting families with the only products that I recommend, and their team keeps the entire process simple and affordable.

Go to Zander.com for quick online pricing or call 800-356-4282. This has to be a priority. If your family is in this situation, you need to get this done. I'm George Camel, host of the Fine Print and Entree Leadership Podcast. I'm joined by Christy Wright today, national bestselling author and host of The Christy Wright Show. And it's open phones this hour, 888-825-5225. Ryan joins us in Cleveland, Ohio. Ryan, welcome to The Ramsey Show. Hey, good afternoon. Hey.

What's going on? How can we help? I'm just looking for some wisdom and hopefully some guidance. Like you said, my name's Ryan. I'm a single 22-year-old from the greater Cleveland area. Currently, I don't have an emergency fund because I've been living paycheck to paycheck, and my current debt is around $3,720. To my question, I'm having a little bit of a tough month.

I have a vehicle worth about $1,500 that needs repairs equal to or kind of more than its value. By month's end, I'll be in possession of about $3,300. I want to spend that money with intention and make the right decision. Should I spend $1,500 on repairs and use the remaining $1,800 to take a large chunk out of that debt? Or should I sell the vehicle approximately for $1,000 and spend $3,000 to $4,000 on a new vehicle, leaving my debt mostly for a future month? What do you do, Ryan? I am currently in sales. Okay.

Out of curiosity, you said that kind of like this is a gift or unexpected $3,000 you're going to have at the end of the month. Is this just a big bonus check from a good month for you, or what is this money coming in from? So when I got my tax return, I made some impulse purchases. I've always been a spender and I have gone ahead and returned those. So I am anticipating an amount almost equal to my tax return in refunds. Gotcha. Okay. And this $3,700 in debt, what was that from? What kind of debt is that? I have the numbers actually down here. I have $1,983 from a personal loan. I have $1,137 from a credit card. And then I have an additional $600 that I owe my parents. Okay. So it sounds like a lot of this is stemming from a spending problem. Is that correct?

I would say so. Okay. And this $3,300 coming in, I do want you to be wise with it. I'm glad that you gave us a call. If I'm you, I'm doing that repair because it's going to be really hard right now to find a car for $1,500 or $2,000. So if I'm you and this is like a repair that is needed. I mean, is this thing really on the rocks, this car? Correct. And have you shopped around to make sure that you can't get it cheaper elsewhere? Yeah, I'm a car salesman. Oh, well, that helps. Is there like a loaner car that they could let you drive around? No, we don't do that as a dealership, sadly. Okay. I figured that was at least one perk of the job. Apparently not. So yeah. Doesn't hurt to ask.

I think you need to just go ahead and do this repair because you're going to have a hard time finding anything. But you need to really get focused on this debt as soon as this car is repaired. So any extra money coming in, the spending is no more because you've got yourself in a pickle here. You're in debt. You don't have any money in savings, and you've got this car repair. And is it stressful to have this repair looming in your life with no money? Absolutely. So what I want for you is some financial foundation.

And what that means is once you get this repair done and you start tackling this debt, you've got to have $1,000 saved in an emergency fund. Because you said right now you have zero savings. So if I'm you, with that $33,000 coming in, I'm going to put $1,000 into savings for Baby Step 1. That's your $1,000 starter emergency fund. Then you're going to put $1,500 towards this repair and get this thing fixed up. And that's still going to leave you with a good chunk of money to then start attacking this debt. Do I have those numbers right? Yeah. Are you doing a monthly budget right now? Not currently. Okay, that's A1. So what I want you to do is jump onto EveryDollar. You can download the app, go online, and I'll

actually gift you Ramsey Plus. And within that, you're going to get EveryDollar Plus. That's our premium budgeting tool. And this is going to help you give EveryDollar a name. And especially for a spender like you, this is what you need. You got to get this thing reined in and go, all right, I've got goals in life. And one of those goals is to not be stressed over a car repair, especially when you're in sales and you've got irregular income coming in, I'm guessing, right? It's largely commission. Correct. Okay. And since you're in sales, it also means you have a little bit of control. You can get your butt selling some cars right now. And guess what? People are buying them, aren't they?

Yes. Okay. What's your income, Ryan? So currently I make about $36,000 on a draw. And so that's excluding potential commission. And then next year I go up to $48,000 on a draw. That's awesome. Well, the good news is you don't have a ton of debt. You should be able to knock this out pretty quick.

Even if you got, I mean, you're going to have this $1,000 emergency fund that George is talking about, the car, et cetera, whatever. But even if you just, you got these returns, like the tax return, you did those returns, look around your house. You got some old iPhones, old headphones, old iPad, any technology you can sell. Look around your house. If you start getting scrappy and selling some stuff, I bet you can find a few more extra hundred bucks and you can knock out this debt pretty quickly. Absolutely. It's a small amount. Kelly's going to pick up and she will gift you that

one-year membership to Ramsey Plus. Get on every dollar, get on a plan, and you'll be all right, my man. Sasha joins us in San Jose. Sasha, welcome to The Ramsey Show. Hi, thanks. How are you? Good. Is it Sasha? I feel like I said it wrong. Yeah, I know. You said it right. First time. Okay, great. How are you doing? I'm doing good. What can we help with? I just have a question. It's kind of about me and my husband. He's in school right now, but he's also working 30 to 40 hours a week. And I graduated, but he's kind of not doing so well with his schoolwork, but he's hesitant to, like, lean back on working so much because we are paying off our debt as well, which a lot of it is my student loans.

And with my income, I could afford to support us both, but then I wouldn't be able to make any extra payments to our debt. So I just kind of wanted some guidance of what we should do. So to recap, his schoolwork is suffering, but you guys are trying to pay off his debt. And so it's going to slow down the debt payoff process if he cuts back on his work hours. Yes. How much debt do you all have? It's about $55,000.

If you keep track on the track that you're on, how long will it take you to pay it off? It would be about a year and a half to two years. Are his grades bad enough that it's affecting his GPA and affecting his ability to graduate? Yes. So right now it's like kind of at the point where he could do better, but with the time restraints, he's not able to really focus on improving. And so I've noticed that what he's doing right now isn't working. So I'm just worried it's going to keep going down. What's he going to school for? What's the why behind this school decision out of curiosity? Accounting and finance.

Cool. So we're tax flowing his school too but that's mostly my student debt. Well I mean I'll jump in from just a time standpoint because that's what jumps out to me you know as I hear this question more than the money it's the time. I mean you only have so a time standpoint because that's what jumps out to me. You know, as I hear this question, more than the money, it's the time. I mean, you only have so much time. And not only do you only have so much time, you only have so much energy. And your husband only has so much energy. Even if you bust it, there's a point of diminishing returns. There's a point where when we try to do more than we can fit in our finite time, something starts to suffer.

And so to me, what jumps out to me, and George, you jump in, especially from the money side of this, but I'll just say this. It might just be prioritizing these goals. If getting debt free is the number one goal, it might be schools on hold until we get debt free. You can make an argument for that. If you want to do it the other way, that's fine. He does school and you support you guys and you don't make those extra payments until he's graduated. Fine. I think you're just trying to do everything all the time. And these are big goals. Getting debt free is a big goal. School is a big goal. And even the accounting degree, even if it, you know, if you are paying for this degree

and then he's not going to be able to pass the classes, then you're losing money and time and he's exhausted. You'll start to see an effect in your marriage or you'll start to see effect in other areas of your life and in the work and so on. And so I would just encourage you to make some decisions. It's not that you can't do both of these things. It might just not be a good idea to do them both at the same time. And this is from just a, your time is finite.

Your energy is finite. Similar to money, we've got to prioritize and put them in order. Yeah, and if there's any other job he can do where maybe he's making as much but doing half the time. Maybe he's doing 20 hours a week, maybe he's making as much but doing half half the time maybe he's doing 20 hours a week but it's making more money and if you're able to pick up some slack and start to work a little bit as well that'll keep i can tell that they want to pay off this debt so i don't want you to lose that momentum but like christy said right now he's in school and he's trying to

do this thing and you're trying to do a lot at once and i don't want that to cause you to lose steam and not graduate which was the whole point so So this is a decision you guys have to make together. Regardless, get on the same page. I don't want him burning out. This is The Ramsey Show. I'm George Campbell, joined today by my friend Christy Wright. It's open phones this hour, 888-825-5225. We've got Greg and Sarah on the line in Kansas City, Missouri. Greg and Sarah, I hear a little rumor that you guys are debt-free.

Yeah, that's right, George. We are debt-free. We paid off $86,000 in 28 months. Awesome. Way to go. Congratulations, guys. What was your range of income during that time? I'm sorry?

What was your range of income? Range of income, we started at $104,000, $104,000, up to $114,000 with side hustles, and then back down to $112,000 at the end. Nice. Fantastic. Now, what kind of debt was this? It's credit cards, car payments, a debt settlement company agreement, just a whole bunch of mess. And you guys decided 28 months ago that you're done with dealing with this mess. What happened?

Yeah. So the story is basically we had, when we got married, I was the one, the nerd that managed our finances. Fast forward through 14 years worth of spending more than we had, when we got married, I was the one, the nerd that managed our finances. Fast forward through 14 years worth of spending more than we made. And we had eight credit cards that were maxed out, two car payments and just couldn't afford it all. And I'd been doing it myself. God got ahold of me and convicted me and said, you need to get on the same page with this with your wife. And so we started working through this, and our pastor at our church suggested we sit down with the couple that led the financial peace course at our church, and we started getting coaching with them. Wow. So when you said, God convicted me,

what did that look like? Because I imagine a lot of wives are hoping their husbands are convicted as well. They're saying a prayer right now. Yes, exactly. Yeah, I mean, it was some rough times where I just had to come clean and say, God, I haven't been managing our money the way that it needed to be managed, and I need your help. We need to do this together as a team,

and I can't do it myself anymore. Wow, that's powerful. So what do you guys do for a living? I am a software engineer. And I'm a stay-at-home mom. Wow, so this is all your income, Greg. I mean, it's my income mostly. But I mean, she's contributed a lot with side hustles, with selling stuff.

Yeah, I sold all kinds of stuff. That was what I did. Sold stuff, and I did some mystery shopping on the side, just anything to bring in extra income. What was the most lucrative side hustle you did? I mean, I think I took a part-time job in addition to my full-time job where I did the good old Dave Ramsey standby of delivering pizzas. Nice. Do you remember what you made delivering pizzas? That was about $10,000 a year. Wow. Bad at all.

With tips and everything. It was about two to three nights a week delivering pizzas. That's awesome. So what would you say the key was for you guys to get out of debt? I'd say probably the first thing was I couldn't have done it without my wife, without God providing for us. But I mean, I was made the mess by myself and the key was doing it together. Yeah. And I would say being consistent. And even if we made some mistakes, we got right back up and started off. We just picked up where we left off.

That's awesome. We didn't give up. I'm curious. I want to go back really quickly to a part in your story where you guys were talking about, Greg, you were talking about being convicted of not handling money well. When you described your debt, it was all really normal. Credit cards. I mean, this is how normal people live. For you, what was the moment that you realized that there must be a different way to live? There must be a different way to manage your money? Did it even created the hope and consideration that something else was possible? Because I think so many people just accept that that is how you live. That is how you manage money. That's normal. What was it for you that helps you consider maybe there's something different? I mean, I think it just got to the point where it was more relational than anything.

I mean, she wanted to be involved. And at that point, there was such a mess anyways, and I was just consumed by fear and shame that we had been working so hard for so many years and didn't have anything to show for it. And God just really convicted me that said that I needed to just come clean and humbly come before her and ask for her forgiveness for not doing a good job in that area. Yeah. You guys are amazing. Sometimes it takes that. It's like, I don't know what to do next, but I know what I'm doing is not working.

That was me. We were going through the debt settlement companies, and I said, I think that we can do something else. I think we can do this on our own. I don't think we need this debt settlement company. So that's when we went and talked to our pastor, and he directed us to FPU. Awesome. Yeah, that's really cool. Just seeing a plan.

Just seeing a plan of how it's possible. Yeah. That's one of the most powerful tools I've heard is just going through. It sounds so simple. It's like you just want to watch videos together and this is all going to happen. What was that spark that made you guys go, all right, we're on the same page now. We've got the same language when it comes to this plan. I mean, I think once we started knocking deaths off the list, we're like, okay, we can do this.

It feels so good, doesn't it? Okay, I think we can do this. It feels so good, doesn't it? Okay, I think we can do this. There you go. And once we just started knocking things off the list, we were just like, this is why this has worked for 6 million other people. You realize we're not special. We can do this too. So who were the cheerleaders along the way?

I'd say cheerleaders are church leaders. I had an accountability partner. Parents were understanding along the way just with realizing that we were having to work more and just being very supportive of that and just each other. Yeah, each other. I would agree, each other. That's awesome. So how does it feel to be debt-free? It's amazing. I mean, it's amazing to know that we can do things with our money now that we couldn't do throughout most of our marriage and just not to have to worry. I mean, we have a plan. We still follow a budget, but to be able to do things with our finances that we couldn't do before. Someone wants us to or needs us to help contribute some money at a church or to help some neighbors out. We look at each other and it's like, okay, let's do it.

Yeah, that's awesome. Generosity becomes a lot easier to just go, yep, we're doing that. We got the margin. You work so hard and you actually get to keep your money. It's just the simplest things that make you feel so free. And you guys, all your hard work paid off. Well done, y'all. How old are you two? I am 41. And 37.

Wow. Have you ever been debt free in your adult life? No. Nope. Wow. Incredible. Changing your family tree that's right that's what it's all about the inspiration is to do this for our kids yep that's the idea or real proud of you guys honored to uh share your story with the world we've got a copy of the legacy journey for you that's the next chapter in your story as you build wealth

and give and we also have a copy of the Total Money Makeover so that you can pass this along to another family who needs this inspiration, who needs to know, hey, I can do this. If we get on the same page, we can get rid of this debt. So let's do this, guys. You ready? Yes. Okay. It is Greg and Sarah from Kansas City, Missouri. $86,000 paid off in 28 months, making $ to 114 and down to a still a pretty good

112 count it down let's hear a debt-free scream three two one we're debt-free you love to hear it i love it that's It's amazing. It's really cool, too, where you hear this aha moment. This aha moment of like, there has to be something different. And I remember for me, I was in my mid-20s, George, and I had tons of debt. I think like $25,000 of debt of credit cards, personal line of credit, medical bills. And I picked up my phone to call my mom to ask her to put money in my bank account. And it was that moment where I was like, why am I calling my mom? Why do I have to ask for help as a 25 year old? I wasn't financially independent. I wasn't dependent, independent at all.

And it was just this moment of, I have to do something different. This isn't working, but it was so normal. It was just like, well, that's all my friends, just credit cards. And it was just living beyond my means. And that was the moment that I was like, Dave talks about this. It's this moment where you just say, never again. Never again. I've got, I don't know what I'm going to do, but I'm not going to do this. Something has to change. And I loved hearing that in their story of that moment of like, we're going to do something different.

Yeah. And if you haven't experienced that moment, find one. It's probably coming for you soon. Yeah. If it hasn't already, get you convicted and become debt free like Greg and Sarah. What an inspiring story. They were awesome. Hey, more of The Ramsey Show coming up. We'll be right back. This is the Ramsey Show. I'm George Camel, joined today by Christy Wright, national bestselling author, host of the Christy Wright Show, and an all-around just wonderful person.

Christy, we had a great time last week at the Game Plan livestream event. It was all about goals, and you brought the house down talking about prioritizing all the goals. I helped them just set good goals, and you were like, okay, there's a lot going on. How do we actually do this and fit it into our lives? And you have been passionate about goal setting, goal planning, and a lot of the calls that we get stem out of people's goals. Yeah, and it's interesting interesting too, because I think that if you don't, we say this all the time, we quote Zig Ziglar, but if you don't begin with the end in mind, you end up

crossing someone else's finish line. He's the way Zig Ziglar says it is if you aim for nothing, you'll hit it every time. And so we want to help people be intentional with their money or their time. And what's interesting is obviously you need a plan for both. And so one of the things that we are always so proud to put out as a company is the 2022 Goal Planner. And this is a tool, I guess, about four years ago, we created this tool. And what I love about it, George, is it's not just a calendar because, yes, some people like paper calendars. But I thought, what are the things in my life that I use?

Well, I read books to grow in personal development. I'll do Bible studies to journal, and I'll journal and reflect. I'll write down my goals and have to-do lists. And so I thought, how can I pull all those together? And so that's what we did. And it sells out every year, but this has a monthly theme every month. There's content, there's tools, there's templates, there's journal questions. There's a month in review where you reflect on the month before you set goals for the next month.

And so this really is a tool that helps you achieve the goals that you set. There's even opportunity storage throughout the year to reflect on those goals and say, hey, do those need to change? The world's changing. Your plans might change. Your priorities might change. And so this is a great tool to help you guys do what you say you want to do, reach the goals that you want to set. So if you want to get your copy of the 2022 Goal Planner, you can get that at ramsaysolutions.com.

And I'm telling you, go ahead and get it. If you're thinking about getting it for someone as a Christmas gift, get it now. Last year, it sold out earlier than it ever has. Normally it sells out beginning of January. This year, or last year rather, it sold out beginning of December. But year, or last year rather, it sold out beginning of December. But because the turnaround time to reprint them, we did not order more because we would have come in right at the end of the selling season in January because it's dated for the next year. So yeah, they sell out.

If you want your copy, go to RamseySolutions.com. Get your copy of the Goal Planner. And it's a great Christmas gift for someone that is a planner, wants to set their goals and actually reach them. I love it. I want to get one for my wife, but you know, she works here. They're really pretty too. If you're on YouTube. They're really beautiful. The aesthetic. I wanted to say that, but I felt like it was beyond my pay grade. It really is gorgeous. Our designers, actually, this is a custom art piece that she created for this, which is pretty cool. So it's one of a kind and so yeah, it's beautiful. It's nice to carry around in addition to being practical. It is.

I mean, it's impressive, to say the least. Yeah, yeah. I love it. Well, we've got Rebecca on the line in New York City. Rebecca, welcome to The Ramsey Show. How can Christy and I help? Hi, thank you so much for taking my call. Sure, what's going on?

So I am in a transitional part of my life. I'm in the middle of a divorce, and I have one option of staying here where it's very expensive. I have no idea where I'm going to live because I can't afford to buy anything. If I sell my business, I will be able to pay off all of my debt. I can move out of state to the state I've always wanted to go. I have some downtime to figure out my next step. I've been able to get my daughter through the rest of high school and help my aunt, who is elderly. Wow.

And if I sell the business and move, I'll have the six to 12 months of living expenses. I'll have 20% to put down on a house that I can actually afford. And I just really want to know if you guys thought I was crazy because I'm just going on faith that it will all fall into place if I sell the business and just start all over. I'm really sorry you're going through this, Rebecca. I'm really sorry you're going through this. I hear in your voice what a hard time this is, and this is a big decision in the midst of a really hard time. I do just want to echo back to you what you said to us. It sounds like to me that you know this is right.

You feel that this is right, that this is what you want to do, not just from the financial side. This gives you so much more than just the finances. It gives you a fresh start. The one piece of encouragement I want to give you, and it's a loving encouragement, but something I want you to think through. You've built this business and you've built it to be the level that it's out where it's so successful that in selling it, you're going to have a good amount of money to do all those things you just outlined for us. The thing that I want you to

just think about and maybe pray about, journal about, reflect reflect on is you will experience a loss when you sell this an emotional loss you'll sell it you'll have some income that will be great but you built this and this business is your baby in a way as well you pour your heart into it you didn't get this successful by accident you've worked really hard you've been really intentional so just know that while this may be right and I just just want to affirm that, I think I hear in your voice, this is what you want to do. And you have every right to do it. You've built this up to do what you want to do.

And if this is the right time to do that, then absolutely, that's what you should do. All the things that that would afford you, awesome. I just want you to take a minute to soak it in, to think about, okay, this is a season of letting go of one thing so that you can move into the next season of this fresh start you described. I just want you to take a beat to reflect on this business and really think about that and allow yourself to feel some of those sad feelings at losing that. Now that obviously is coming at a time when you've got a lot of other difficult things

you're going through. But just don't expect that you'll get a check and it'll be easy because there's a piece of your heart in that business too. And I think to your point, I think it'd be worth it. I think it's right. I think it's going to open up so many doors for you. But just know if you feel a little sad in the process, that's normal. That's okay. It's a part, it's a, it's a thing that you love very much as well. One thing I do want to offer you to while you're on the phone, Rebecca is, cause I don't know what this new start is going to look like for you. I don't know if you're going to start a new business wherever you move to and what that looks like.

But I would love to walk with you in the next six months. So my online training and coaching group, it's called the Business Boutique Academy, but it's open right now. It opened today. We close on Thursday night. And I would love to just, if you'll stay on the line, have Kelly give you a free membership as just my gift to you where you could be in this community of other business owners and just have these people walk with you, put their arms around you, love on you, encourage you, brainstorm new

ideas. What does business look like for you in this next season with this fresh start? We can brainstorm with you. We can help you come up with your ideas and help you get started in this new city and new season. If you'll stay on the line, I'll have Kelly give you a membership to my coaching group, the Business Boutique Academy. I'd love to walk with you.

So sorry you're going through this, but I'm super proud of how hard you've worked to get this business to where it is so that it's going to be able to provide all that for you. Yeah, that's awesome. Wow, thank you so much. You're so welcome. Rebecca, what kind of business is this? I own a dog boarding channel. We have training, boarding, and grooming.

That's awesome. And where do you want to move to from New York City? North Carolina. Good news. I've heard there's dogs there. This sounds like it's going to be a great fit for you as far as restarting the business goes. I mean, obviously, you're going to have to find new clientele and location and all that, but it sounds like this is a good business that you can replicate in any city. Yes, it is. And I want to take some downtime to maybe slightly change the current business model. And I was going to take that downtime to just sort of figure it out, you know,

what I still want to work with dogs. I just, I'm a little burnt, and I really want to prioritize my time with my daughter and my aunt right now who's 89 and needs help. Yeah. Well, the good news is you can do that. You have worked really hard to build this up so that you can do that, and I think that's a really wise way to approach this new season. I love that.

Yeah, you're in an incredible place financially to be able to sell that, have six to 12 months, you're 20% down, and it sounds like a house is a goal for you, which is obviously very difficult to do in New York City. It sounds like you're going to check a lot of boxes off by moving to North Carolina. Is that right? Yes, I will. That's awesome. Well, I'm sorry you're going through the divorce.

That's not an easy thing to go through. As good of a spot as you're in financially, emotionally, you're going through it right now. So let the timing be right for you, especially with the daughter and you wanted to get her through high school. But this move, as far as business side goes, I think it's going to be a smooth transition and you can really retool this because you've created the margin and the freedom to do that by doing such a great job handling this business. So congratulations to you. Yeah. Thank you. Thank you so much for the feedback. I'm really very grateful for it. I really respect your opinions and thank you. Well, you stay on the line. Kelly will get you taken care of with an Academy membership. And actually, Kelly, send her also a copy of my devotional, Living True 40 Days to Get Back to You. Hopefully that will just be a word that will encourage you as you're going through this divorce that can help you as well. I love it.

I'm going to call that the Christy Wright Care Package. There you go. Starting now. Well, this has been a fun hour, Christy. I want to thank James Childs, our producer, Kelly Daniel, associate producer and phone screener. I want to thank Christy Wright, my co-host, and you, America, for sticking around. This show is all about you, and we appreciate you listening in.

We'll be back. Did you know you can listen to The Ramsey Show on your smart speaker? Just tell Alexa, Google Assistant, or Siri to play The Ramsey Show podcast. Check out all Ramsey Network shows on your smart speaker today.