The Ramsey Show - App - I’m Not Sure What To Do Next (Hour 2)

Episode Date: October 23, 2023

Девочка-пай Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Open phones at 888-825-5225. Ken Coleman, Ramsey personality, number one best-selling author of the book From Paycheck to Purpose, talking about careers and jobs. He's my sidekick today, my co-host. Open phones here, 888-825-5225.

Danielle is in Tampa, Florida. Hi, Danielle. How are you? Kind of stressed out, trying to wrap my mind around a couple things. Ouch, that doesn't sound fun. What's going on, kiddo? Well, I would say 2022, there was a death in the family, and that's kind of where it started. And then my fiance was, I guess was let go from his job because he was having a hard time with the loss.

So we all were, and then we decided to start our business. And so business was going fine. And then I got laid off from my full-time job, which was kind of surprising. So now we're at a point where it's like, all right, neither one of us have like the full-time job, but we've just been working our businesses and they've had some pop-up problems here and there,

and so it's definitely causing a lot of issues. Who passed away? I don't even know. It was my fiancé's brother's wife. Okay. That's certainly a tragedy. Tragedy is certainly a hard thing to get passed and that was uh three years ago that was nope just last year oh last year okay

and uh your fiance when are you all getting married how long has he been your fiance it was supposed to be this july but i actually got laid off then so i was like well they don't let laid off people get married i mean i didn't feel like that would make sense to it made sense to start a business well we had already had the plans and did everything to start the business. Yeah, you kind of already had a plan to get married. Anyway, okay. So how much does your fiancé make at his job or his business? Well, it's our business.

It was a true business, and also he has another property where he's a landlord and has tenants. That's not a job. You have one property and tenants. That doesn't take 10 minutes. That's not a job. Okay, so how much does he make? Well, he did have a job. No, honey, he started a business.

How much money does he make? Nothing. That's what he makes okay right you wouldn't be calling me if he was making 100 a year so i guess just um wait stop you just drove past stop let's stop right where we were your fiancee is not making any money. Am I correct, yes or no? Right now, darling. Right now, you got no money because you got laid off, and his business is not a business. It's a hobby.

He does not make any money. Am I wrong? No. Okay. Probably not much. Okay. So he needs to get a job, and you need to get a job. And all of a sudden, you all have income.

And quit calling this sitting on my butt a business. Danielle, you guys are in Tampa, Florida. You guys need to be working multiple jobs if you can't get a really good job in the industry that you are in. We need to be bringing in income. This is a game changer. Yeah, the question on my screen says, how can I handle my finances after losing my job? And the answer is, get six jobs. Right. No, we do have, we do a T turo we do that's where you're renting your car out to people that's like you're you're just using your car as a rental car yes well we have actual two cars on the platform that aren't either one of our cars right but my point is you're in a rental car

business and it's there's not enough margin in that. You're not making any money. Yeah. That's not a company. You're using an app to rent your cars. Right. That's a great side hustle

if you've got it and the cars are paid for. It was supposed to be a side hustle. Right, but we don't need side hustles right now. We need seven side hustles or six, as Dave said, or full-time gigs. Or a full-time job.

What were you making at your last job? I would say about four grand a month. Okay. What were you doing? I was a quality engineering technician. And why did they fire you? No, it was a layoff. The whole shift got laid off, so there was only one shift.

Okay. All right. So you need to replace that income with a good core career and quit messing around the side with, I'm a landlord and I rent out my cars and calling that a way to make a living because you're not making a living. You wouldn't have called me if you and your fiance were making serious bank.

So your problem is not a outgo, I'm struggling with debt, my finances are out of control issue. Your problem is you don't have any income. And the great news is there's a tremendous labor shortage in America right now. And lots of people hiring, and we're going into Christmas season. Yeah. And listen, Dave, if there are some debt on those cars, which many times people are carrying car payments on these cars and then renting them just like they would do a house, I would sell the cars. If you have some equity in those cars, move the cars, get out of the Turo business, get rid of the debt. If you own them free and clear, Danielle, sell them anyway and get yourself a little bit of a cushion, get an emergency fund, get employed,

pay off any debt, work the baby steps. You've got to get out of this Turo business. Long-term, it's just not a good play because you've got an asset of a car. It's not an asset. It just continues to go down in value, and you hope that you can rent it out enough to people who fly into Tampa and don't want to rent from any other rental car agency. It just is fraught with all kinds of problems. Your fiance may need to sit down with a good counselor and help him unpack because he might be depressed. He might be struggling with the grief at a unbelievable level that's affecting his whole life now. And he may need to sit down with somebody and unpack that. Because what I hear in your all's whole story is we want to figure out a way to have money without working that's your whole story that you told me on the phone and and now that i got laid off it

kind of oh this doesn't work so you guys have got to go back to work. You've got to get your career, start bringing home the bacon. And sometimes that may be because of the death that you guys have been through and the grieving around that. That's fair. But in the meantime, you've got to get your life back, kiddo. This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today. Paul is in Portland, Oregon.

Hey, Paul, welcome to The Ramsey Show. Hey, Dave, thanks for taking my call. Sure, what's up? So my wife and I, we own a house. We refinanced a couple of years ago when interest rates were good and got locked in at around 3%. And now she and I disagree a little bit on how we should use some of our investment money. I think we should put it towards 401k and IRA and other retirement investments, whereas she would like to pay down the mortgage sooner. My philosophy is the 401k and IRA should give a better than a 3% return,

so it's a little bit of a better investment in the long run. But I wanted to hear your opinion. Okay. Well, we teach people to do both, and the process that we use has led millions of people into a situation where they're wealthy. And the process that we call the baby steps. And the first goal is to become debt free other than your home. That's baby steps one and two.

Then three is have an emergency fund of three to six months of expenses. I assume you've done those things before you asked this question. Is that right? Yeah, that's correct. You don't have any debt and you have an emergency fund, except your house, right? Correct. Okay. And then that brings us to baby steps four, five, and six,

which we do simultaneously. Baby step four is put 15% of your income into retirement. First to the match, if there is a match at work, second to Roth, and third to traditional if it takes that to get up to 15%. Maybe step five while you're doing that is you start doing something towards kids' college if that's appropriate. And then six is all other monies that we're not spending on life above 15% going into investments pay down the home. Because you want to have both a paid for home and a large nest egg in the 401k.

The millionaires that we have studied, those are the two primary things that they did to become millionaires. And we did the largest study of millionaires ever done in North America a couple of years ago, and that was our findings. So all that to say is you're both right, but around those numbers and that structure. So what's your household income? My income is $110,000, and hers is variable. She's a substitute teacher, so it's a few hundred a month.

Okay. So you make like $130,000 a year? Roughly. Yeah. Okay. Fifteen. How old are you? 31.

Okay. Fifteen percent of that, if you never do anything else in good mutual funds, in your 401K, in in a Roth with a match, particularly on portion of it, will make you extremely wealthy by the time you're 65 years old, like $10 million is what the math will come out. Yeah. Currently, I'm putting 20% with a 4% match. Then what I'm telling you to do is I would back it down to 15,

not throw the rest at the mortgage. Okay. And I'd get that house paid off because it's one of the two elements for the first $1 to $5 million of net worth that people come up with. And you get that house paid off, then you don't have any payments. Now you're freeing up your most powerful wealth building tool, which is your income. Meanwhile, you've been getting a match. Meanwhile, you're putting, you know, what, $17,000 a year, $18,000,

$1,500 a month, give or take, is 15% of your all's income. You're going to be unbelievably rich if you never do anything else, but certainly we'll have the house paid for in a few years, and then we'll be able to put even more towards everything, and the whole stinking thing mathematically just blows up in a wonderful way. So you're both right in that sense. But would I ever never pay extra on the house and keep the home mortgage? No, because we found that the typical millionaire doesn't do that.

The number of millionaires that we talked to said, you know, the way I got rich was I didn't ever pay off my house. I put it all into investments. Almost none. Almost none. They did both. They invested and they got their house paid off. That's the thing we see. That's the two big things. We see other stuff around the edges of it. But if you want to plow right through the middle of what these people do, that's it. They get the house paid off and they invest steadily, not one or the other. Yeah. And by the way, at 31 years of age, I love that we're hearing this question

because this is exactly what we look at when we talk to everyday millionaires, excuse me, baby steps millionaires in our theme hours. And we were on last week together, and just one after another, one after another, they play the long game that we teach. And this 31-year-old is going to be there. Well, we didn't ask about the house value and the balance on it right but we're more dealing with the concept but mathematically he'll be there in about a decade yeah 41 for his first million yeah yeah and and then we go from there so yeah that's a pretty cool place to be yeah andrew's in orlando hi andrew welcome to the ramsey show

hi dave thanks for having me sure what's up uh so i recently got a promotion at my current job i work in the hospitality field um i'm making 18 an hour now um and the company i work for is about to see a lot of large growth and uh from now until 2025 um but i'm interested in possibly going back to school um i do already have two degrees. Both are in music performance. I use them for my side hustle where I'm teaching marching bands on the side and writing music, but I'm interested in possibly going back to school to get something in the data analytics side of things

and to transfer departments in my company into the data analytics side. And I'm just kind of looking for advice as to if I should go back to school or not. Probably not, but I want you to understand why I'm saying that. You don't have to get a four-year degree to get hired into data analytics. There are so many boot camps and certification programs where you can spend a whole lot less money and a lot less time. And that's great for you because you're now a professional and you're in with this company. And I would also tell you that if you find a reputable opportunity and take it to your company leaders and say, hey, I love this company.

I'm in the hospitality game right now, but I want to move over into the technology side of this company. I want to be with you guys long term. Would you be willing to reimburse or pay for my tuition? And because you are so valuable to them now, and you're going to be adding technology skills, you could very well get this paid for by your company. But even if you didn't, it's a whole lot less money to go get that through a boot camp or through legit programs like Bethel Tech, which we endorse here, than going back to four years of school. You've already done your time with two-year degree.

Two degrees. You don't need a full four-year degree in technology to do that work. Yeah. And so that makes complete sense, which I'm glad to hear, uh, with that, um, the company does pay for schooling, but they won't pay for bootcamps. I know you said just kind of approached in, um, uh, I would guess I would have to figure out who to approach within the company. Um, is if they don't, if they would not reimburse it, is that something, um, I know you guys, I have about $6,000 of debt right now in credit cards.

I know some decision would be to go into more debt for more school. Well, first of all, so what I would tell you to do is pay off your debt. The technology qualifications and certifications, that's all going to be waiting for you. You're fine. You're young. You're on your way. You're in with the company you want to be with. This gives you a chance now to show them the value that you have and go ahead and

pay off the debt. Pay off the debt and then save up the money or cash flow your way through your budget each month and go get the work done. Because let me tell you something, even if they won't pay for it, you'll get all that money back and then some yeah but i i think um i'm gonna spend a little time with the folks over in the data side yeah and say i'd really like to be over here i'm about one certification or boot camp away from being valuable to you if you guys will help me with that we're gonna be game on yeah and you know it's uh i don't pay for boot camps at Ramsey. I do pay for education at Ramsey. But if you come into one of our leaders' office with a reason to do something that's going to make you more valuable while you're here, we will pay for the tool.

I mean, we do it all the time. And we may be getting hung up, too, on boot camp. I'm using that generally speaking. Maybe just a certification program. Just a legitimate program. There are legitimate programs that aren't technical boot camps. You need to do your research on that, do exactly what Dave said, but take them options and go, this program, this program, and this program cost this much, take this amount of time,

and I want to do it to be on your team. Would you be willing to help me? And I think you're going to be surprised at what you might hear. Yeah, I wouldn't take my first no or a policy decision on that. I'd be knocking on the door until somebody answered. This is The Ramsey Show. Hey, you guys. Health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy.

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CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget. Ken Coleman, Ramsey Personality Personality is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Abby's with us. Hi, Abby. How are you? Hi, better than I deserve. How are you? Better than I deserve. Welcome. Where do you live? Frederick, Maryland. Oh, fun. Well, thanks for being with us. Thanks for hanging out. How much debt have you paid off? $67,912. Good for you. And how long did that take? Six years. Good for you. And your range of income during that time? $44,000 to $68,000.

Okay. And what kind of debt was the $68,000? Student loans and a car. Ah, okay. Cool. How old are you? 27. I turned 28 in December. Okay. So this journey starts when you're 21. Yes. Tell us about it and how'd you get connected to us? Yeah. So back in 2011, when I was in high school, my parents took FPU and I remember in my bedroom having envelopes on the back of my door where I had to put cash that I would get for allowance and things like that into different categories. Hardcore.

Exactly. I know. They're so tough, aren't they? But it invested that principle into me in the beginning. And then I went to college. And then after college, I graduated in 2017. And my parents had been starting to take it more seriously. And I was unsure exactly of where all my money was going. I knew generally how much I should have or how much I was spending,

but I didn't really know for sure. And I was living at home for a few years to help pay off my debt. And so that's where it really started. I wanted to get rid of it right away and not wait till I was in my forties and fifties to pay all this stuff off when I was single and living at home to try to pay off as much as I could. So I got started then and really took it seriously. I took financial peace in 2020. We had to go virtual in March, right? When COVID started. So I took that in 2020.

And then I've just been getting after it ever since. So that's kind of how I got started. So a lot of this has been the last three years. Yeah, yeah. A big bulk of it has. Absolutely. All right. So you go from high school student where your nerdy dad made you have envelopes on the back of the door

i love nerdy dad there you go and i'll but then still go get a car loan and a student loan yeah how's that happen they were they said we were just talking about it before i came on they were like yeah we weren't really taking it seriously until about 2017 2016 so yeah so they were a little except for the envelope part they were a little ish i know and then that infected you yes ah okay i'll give you a pass then okay that's cool it all worked out all right and but the end of the story is awesome yes yeah absolutely very cool so i love that this is a six-year journey for someone your age you stayed with with it. You didn't get distracted. You stayed with it.

What's the key? If you were talking to other people your age and they're going, all right, I'm graduating with some student loan debt, or maybe they got the car, whatever it is. We have a lot of young people joining the show all the time. What would you say to them is the key to maybe your generation sticking with this plan? What would you say to them? Yeah, I have two things that come to mind. First of all, my faith is so big to me,

and this journey taught me more about God's faithfulness and provision than probably anything else in my life. So realizing that it's not my money. God actually trusts me with this money, and I'm to steward it well. And so if I'm being reckless, that's not being a good steward. So being able to recognize that made it easier for me to be sacrificial and let go of things because it's not mine at the end of the day. But secondly, budgeting is just so important. Like I said, I knew previously,

like vaguely how much money I was spending. But once my dad and I put together a little Excel spreadsheet and worked it all out and he got all the formulas for me and everything, that budget really, really helps me. And I look forward to it every month. And I tell all my friends I'm doing my budget this weekend and having to ask my roommates to pay me back money for things so that my budget can be equal to, you know, it's, it's, um, it's challenging, but it really pays off in the end and being able to say no to things like during COVID, all of my stimulus checks, $1,400 going to advantage hurt, but was different than all my other was that all of my friends were doing with their stimulus checks and things like that so i paid during the whole

pandemic um so just that self-denial of things that you might want right here and now and looking forward to the future so how's it feel to be free it feels great it feels so great with all the student loan stuff coming back and not having a care in the world i'm like not me exactly i'm not signed up for your loser plan yes exactly i'm trying to tell my friends i'm like get on this you can i was just texting someone last night she's making like so much money i'm like you could be debt free in a year just do it it's gonna be tough it's gonna be hard but just stick with it and you got it so i'm trying to inspire all my friends to get on the train how are they reacting to the fact that their payments are now due? They're stressed. People are very stressed. I think especially if you weren't paying during the big pause,

it feels like this big boulder coming at you. So they're really overwhelmed. And I actually think it's a good thing for right now because my dad and I are actually teaching FPU at my church this spring and I lead a young adults ministry, and so I'm trying to get all of my friends to come, and I'm like, guys, you can get in control of this, and once you're in control and you know what's going on, your anxiety is going to ease so much. That's a big deal.

Congratulations. Thank you. What do you tell people the key to getting out of debt is? That's sacrifice, being able to deny yourself and it's going to be okay you don't need everything um which is a hard concept to learn um but it teaches you that you know that's that self-sacrifice and again goes back to my faith that jesus died for me and denied himself and so i can deny myself you know a new pair of shoes or wanting to go on a trip or something like that for a longer goal

that's going to be able to let me bless other people in the long run so yeah well said very well said well congratulations other than mom and dad who was cheering you on um my brother and sister brooks and emily and then my brother-in-law scott scott watches you all the time he and i were going back on the phone last night talking about what's he going to say and he has all your impersonations down pat so um yeah he does a good job he really nails it but so yeah my family and then um my roommates they all know and all my friends really all my friends cheer me on I don't really have too many people telling me that I'm crazy or anything like that. That's good. Yeah. That's good.

It's one of the reasons you win. You've got to be careful who you have around you. Yes, absolutely. You become who you hang around with. Well done. Thank you. Well done. Congratulations.

We're proud of you, hero. Thank you. Very good job. Hey, we've got the Live and Give box for you. That's the Baby Steps Millionaires book, which is your next stop. Amen. For sure. The Total Money Makeover book and the Financial Peace University membership and all of that will work to help you in the ministry that you're doing and for you to enjoy as well.

Thank you. Thanks for making the trip from Maryland. You're a fireball. You're fun. Thank you. Yeah, it's been awesome. Very well done. Good job on the air.

And man, what a great story. At 28 years old, right? 27, right. I wanted to be debt-free before I turned 28. 27 years old. 68,000 paid off in six years, making 40 to 68. Abby from Maryland, count it down. Let's hear a debt-free scream.

Three, two, one. I'm debt-free! Yeah! scream three two one i'm dead free now what is fascinating about her story if you listen carefully to it and this happens with a lot of debt-free call scream people that are in here on the stage. We hear this often. She had a six-year journey, but the majority of it was done in three. And what was the difference? Was it the income? No.

It was her outlook. When she decided, I can sacrifice a pair of shoes. I can sacrifice this to get control of my life. I can sacrifice. I can sacrifice this to get control of my life i can sacrifice i can sacrifice i can do i can do needs and wants are different things yeah i can get control of this and once she decided that and then the income came with it too man the last three years it's like yeah boom well there's something powerful too we know this from tons of psychology studies, to put a date on something.

There's something about – About 28 years old. Yeah, and that really motivated her. You could tell that. She was like, oh, I'm not 28 yet, Dave, because I said I was going to be debt-free. And by golly, she did it. And there's something powerful about putting – and again, life happens. So I don't want anybody thinking, well, it has to be by that date.

But it certainly helps. There's something about seeing the finish line. We know this about runners. I only ran one race, Dave. I retired, you know, because you guilted me into one race, but I learned one thing. Having a mark that you're trying to hit does drive you towards it. You want me to get out the world's smallest violin now? Where I guilted you into doing something incredible. He did. He called me out, but it was actually great for me. I learned a lot. So who came alongside you in the last mile when you were struggling to finish? I looked like a wounded wildebeest in those nature shows.

And Dave came alongside as I was cramping up and got me through. But setting a time, setting a goal. I'm not sure his feet touched the ground the last mile. I think we carried you. I did. Oh, no. I actually ran, but it was all guts. And there was no glory, by the way, ever.

None. Oh, bless his heart. This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today. The Ramsey Show question of the day is sponsored by Neighborly, your hub for home services. Take your home's efficiency and style to the next level with convenient solutions from Shelf Genie, Window Genie, and Glass Doctor. Download the Neighborly app now to find and schedule home service professionals near you. Today's question comes from Jeffrey in Connecticut.

What are some good careers to transition from being a teacher? I'm in my third year teaching and I would quit tomorrow if I could. I absolutely adore my students, but the district I work for is making life unbearable. I thought about transitioning in a few years, but at this point I'm at my breaking point. Well, first, let me say sorry, Jeffrey. I hear from teachers on my show, The Ken Coleman Show, all the time. I see it on social media. The environment in which our public school teachers are having to teach is absolutely awful in many cases, and it is making good men and women like you want to leave a very honorable profession. So to ideate here, what we want to do is we want to realize that the reason you want to leave is because you're doing this right thing, this thing

you love, in the wrong place. So if you can't stay in actual teaching, maybe in a private school environment or maybe in a college environment that might be slightly more advantageous to you as far as students wanting to be there, then I would be looking at what you do as a teacher, what you're good at. That's the instructing, the planning, the communicating, the encouraging. And then write down what you love most about those roles. And what you're going to do is, in this little exercise, is create a job description that's written down, you can see it. And now when you're out there looking for roles, you can begin to match up what you love about teaching, what you're good at in teaching,

and you begin to see that you could go into corporate training, you could go into HR work, you could go into management and leadership. There really is no limit if you understand what you're good at as a teacher and what you enjoy doing as a teacher. And that becomes the job description. And I can tell you this,

the private sector is very welcoming to former teachers because you bring such a great mix of talent and experience to the table and you care about people. That's what teaching is about, instructing, influencing, so that someone can transform and grow. And so that's what I would be looking for. And if you take the education lens off and just look at what you do, I think you're going to find a lot of opportunities. Yeah. And I would add, while you're working towards finding what your work life looks like, your volunteer life could be with the youth group at the church and teaching a Sunday school class to teenagers, teaching lessons at summer camp to teenagers. And that might not necessarily be how you earn your living, but it might be an outlet for your gift as well. In my 20s, i hung out with teenagers all the time yeah um as a matter of fact i went to the

funeral of one of my friends this weekend that was one of the youth leaders um back then and a lot of the kids that were there that are now of course not kids uh they're they're have children of their own now and that kind of thing they're older than my kids because they were in those days and but seeing that whole group of teens that were that we taught back then and the impact that it's had on their lives hopefully positively but yeah that's uh there's a lot of ways to use your giftings in this but teaching is um for some reason we have declared that teaching is only occurs in the classroom and teaching occurs a lot of different places um i'm positive that one of my spiritual gifts is teaching i'm a teacher i teach you guys every day here i teach you with books i teach you in curriculum i teach you uh on the show um but convincing you of a new idea

teaching you something you didn't know before and so that that's all i am is just another glorified teacher and so uh it's one of the reasons i get so fired up is if somebody's not learning right that's right that's right so yeah you got a lot of opportunity out there, Jeffrey. A lot of things you can go to where you don't have to put up with the garbage being shoveled by your district. Jane is in Canada. Hi, Jane. Welcome to the Ramsey Show. Hello. I'm so thrilled to be on your show. Thank you for having me. How are you guys? Better than I deserve. How can we help? Okay. I have a rather complicated slash sad, but trying to make the most of my situation going on.

So my husband passed away in August. Oh, no. What happened? That's a complication. He died of alcoholism. He died of cirrhosis. I'm sorry. So, thank you.

He was the breadwinner. He, at one point, made a lot of money. And we had a beautiful, renovated house in Toronto, which I have sold, because I couldn't afford to keep it. So, I am left with a chunk of money. I've got two small kids, 7 and 12. So I'm a single parent. I'm a classical pianist. So obviously I don't make a ton of money, but you know, I'm okay. But I've got about $1.5 million. And my question is, do I put, I live in Toronto, downtown, where I would really like to stay. And I know that, you know, I don't have to stay here, but my kids, I'm trying to minimize their disruption.

And also my work is downtown. So for me to buy a house would be about 1.3 and I could do it in cash. But I also know that you're not a fan of my of pretty much all of my net worth being in a house. So do you think that I should— Well, I'm a fan of you not having a house payment right now, and Toronto's an excellent real estate market, so I'm okay with that. I'm probably going to try to change my budget on this house from 1.3 to 1 or something like that. Let's try to free up a little bit more of this money and downsize.

The disruption to the kids is going to be a lot more severe if their mom is stressed out because she gets herself in a financial pinch than based on where they live. So I'm a lot more concerned with you building a sustainable life mathematically than I am where you live as far as the children's disruption goes. They don't know. They don't know. All they're going to know is what you tell them. And believe me, you're going to tell them a lot without telling them a thing if you get financially stressed.

So let's get down on that budget and free up some more of that money. And then also, can your career sustain you guys at that point? Well, here's the complication. So, I'm renting right now, and I know that I've been watching you guys religiously for the last sort of six months, that you're in support of me renting short-term in a time of stress and transition but not long term right but i don't have my piano with me where i'm making money is i'm at two different conservatories downtown toronto so i could make more money having my piano which is in storage because i moved from a rather large house to a two-bedroom apartment just to get my bearings yeah that's fun and so

when you get a house you get a piano and then you can make money giving lessons i'm guessing or what yes okay that's wonderful lessons and doing it online you my guess is yeah my guess is with an online lesson program and some in-house uh lessons that you might make more doing that than you are um playing in the local orchestra. Am I right? Oh, absolutely. Yeah. No, I mean, I have good potential to make quite a good living. Yeah, okay.

Well, let's set up that small business idea as a part of this home purchase, but still it does not have to be, there's no requirement that it's 1.3. That's just where you've landed so far. So the further down you land on that price, the better this idea is. And the more you're not going to like it. But that's still the direction I would go. I'd try to get down as cheap as I can on the house

and still meet these different needs. The location, the size for the piano, that makes a lot of sense. I think she can do really well with that. I think so too. And because of her cred, you know, she's not just someone who has a degree, she knows people too. And so I would really encourage you, Jane, to maximize the relationships that you have because of what you currently do. And they begin to spread the word for you. It's really, really credible. I think you have more business than you'll know what to do with.

And I think I would be charging premium, taking your time as you're moving into this new season of life. We're really excited for you because this is a great opportunity for you to reset and rebuild. Yep. Good stuff. If we can help further, you call us anytime. I'm so sorry for your loss. Thanks for calling in. Ken Coleman, that puts this hour of the Ramsey Show in the books. Dave here.

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