The Ramsey Show - App - Introducing Ramsey Personality George Kamel! (Hour 1)

Episode Date: August 3, 2021

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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. I'm Dave Ramsey, your host. My co-host today, a new addition to the Ramsey Show, longtime Ramsey personality, George Camel, has joined the lineup for the Ramsey Show, and he's going to be on with me all day today answering your questions.

That's not new to him, but doing it in this format is. Longtime listener, first-time co-host, Dave. Can't say that often. Last time you get to do it. Yes. You better take that moment while you can. So by way of introduction, George, you've been with the team here about eight years, and you did not start anywhere near the spotlight.

No. No, I didn't know I wanted the spotlight. I kind of fell into it accidentally because I started as an intern. I don't even think it was legal at the time, but we found myself a temp position here and said, hey, this guy seems like a good guy. Let's get him in for a few months and we'll say our goodbyes. And luckily it didn't end after the few months. I found a full-time role in the marketing team. Yep. So I started doing that. And in the marketing team, there are sometimes folks that have personalities. Absolutely.

A lot of them, they've got the chops, but they should stick to marketing. And so I was in email marketing for a number of years and moved into social media for the personalities. And so I've always been drawn to the personalities and their message and finding creative ways to reach people out there. Little did I know that eight years later, I would be the one reaching people with a message with my own face my own voice which is it's just astounding to me that god has done this is wild so you went from that and did we use you as a uh have you do host a few things first or was the video channel first it all started with a little thing called battle of the bands and we've talked about it you've probably heard about on the show it's legendary Ramsey Solutions. It's one of our selling points to work here. It's one of the biggest events we do, and it's all team members forming bands. And so,

as you know, I was in bands for the first three years, and I got sick of losing. I'm a good musician. I'm not a great musician. And so I saw an opportunity to go, hey, what if instead of playing in a band, I hosted the event instead? Because at that point, any warm body could get up there on stage and host. And so I asked for the opportunity to kind of host that year, and it all went from there into this hosting role. Yeah, and then you've hosted all of our events for years, our live events, and the video channel for many years.

Yeah, shout out to the YouTube Crazies, as they're affectionately called. I know they're all watching with pride right now, having a good time. But it really started with personal events. One of their own has made it. Exactly. I am one of you guys. This is proof that you can do anything you set your mind to. So hosting all of the Ramsey events for four years, hosting the Ramsey Show video channel,

and hosting all kinds of things for four years now. Became one of our master financial coaches behind the scenes as a part of that. And then we put you into much more upfront things in the last two or three years as you moved into Ramsey Personality Role. Yeah. Yeah. Borrowed Future was a big one. Borrowed Future podcast, millions and millions and millions of downloads about the student loan debacle, the epic failure of that. And you were the host of that all the way through, of course. You know, the video channel, live events, big in the high school curriculum oh yeah foundations and personal finance our high school stuff your people

seeing you in that for years and so and uh you're getting ready to be a baby step seven personally so that's like the ultimate qualifier oh i'm so pumped i'm about to get the house paid off i i was just an average millennial like when i started here as an intern, I had average amounts of debt. I had $36,000 in student loan debt. I had $4,000 in credit card debt. And I started working here and I went, you know, if this guy is really what he says he is, then these baby steps should work. And so I went, what if I just went all in, not ish? What if I went all in on the baby steps and do everything we teach the Ramsey way? where would it take me in life? And here I am eight years later and soon to be paying off my house. Well, I mean, but really the net result of the whole thing was that Whitney worked here. You met Whitney and you married way up.

We got to talk about that. Now the baby steps start working. The key to winning with the baby steps is marrying someone at Ramsey Solutions and marrying up. So I met my lovely wife, whitney here at ramsay solutions and which you know is touchy it's touchy we don't disallow dating uh but you can't be married and work here unless you do the loophole that i did which is meet here and get married here oh there it is did you know that did i just oh no i think i just unveiled the loophole i didn't know that it's okay it's okay they didn't know that until you revealed it, but it's okay.

So I met her and we were both already out of debt at that point. And she's, of course, all in on the baby steps. And so we get married and we went, what if we really go all in together and attack this thing? And so we've been gazelle and tense now. We've been married coming up on three years. And honestly, she's more aggressive than I am, Dave. I try to slow her down and she just won't stop. She just wants to get this house paid off, to have options, to have a meeting.

And you're on schedule to pay it off in the next 12 months? Oh, yeah, probably by April 22 is what we're aiming for. Okay, wow. And you're how old? 32 years old. Have a paid-for house, Baby Step 7. That's about as Ramsey homegrown as it gets, top to bottom. Wife, Baby Step steps, intern to personality.

I drank the Kool-Aid. I mean, the whole thing's homegrown. I drank the Kool-Aid, now I sell the Kool-Aid. It's amazing. If we had a test tube baby, you'd be it. If we designed the DNA of a Ramsey thing, you'd be it. Anything's possible. Anything's possible.

We could clone you, George, next. That's what's coming next. That's not what the world needs. George Camel with a K. You can follow him on Twitter. You can follow him at OfficialGeorgeCamel on his Facebook. You will see him frequently speaking for us on the

subjects of money and of goal setting and life. All the things that we Ramsey personalities all do. He was on Good Morning Atlanta this morning doing a media appearance. So you will see him everywhere. He's been doing all those things and we have added him to the lineup as a co-host periodically here on The Ramsey Show.

So we'll be taking your calls today at 888-825-5225. And the last few moments before the commercial break, we need to tell people there's a brand-new podcast comes out today that you're the host of. It came out yesterday, actually. And the first two episodes of 10 are out of, drumroll please. The Fine Print. All about the hidden truths that are keeping people broke. And you've been talking about this stuff for years, Dave.

This is nothing new, but what's new is the format. It's narrative. It's storytelling. We talk to outside experts. We hear stories of people who got screwed. And we make it fun. And talk to outside experts. We hear stories of people who got screwed, and we make it fun. And it's short form. So it's not a big commitment for the average podcast listener out there.

And the goal is to reach the people that we're not currently reaching who go, you know, I don't know. I love my rewards. I don't know. I'm all in on this crypto stuff. And I want to help people understand the trends so that they can avoid falling for the traps. That's what it's all about. So the true cost of credit card rewards is out. How TurboTax is screwing you is out.

Now's the worst time to buy a house is out. How to bulletproof your money. No, that's not out, but it will be soon. How to bulletproof your money for the next pandemic. Could Bitcoin be your ticket to wealth? Those are coming up. After pay, affirm, Klarna, Should You Buy Now or Pay Later, The Dirty Truth Behind Your Credit Score,

and How the Robinhood App Steals from the Rich and the Poor. Everyone. Everyone. I didn't know you took aim at Robinhood. Well, we're not fooling around here, Dave. There's a lot of sketchy companies. There's a lot of slick products and marketing out there that are trying to reel people in and take from their wallet. And I want to help them avoid that.

And I want to help them advocate for themselves financially and stand up against this toxic money culture that we exist to rally against. New podcast is called The Fine Print, hosted by our own Ramsey personality, George Campbell. Right here from the Ramsey Network. You can check it out anywhere fine podcasts are found. And there's a whole bunch of places you can get it. Of course, you know about Apple and Google and Spotify. But anywhere you listen to podcasts, you'll find that sucker.

Check it out, The Fine Print, because you ought to know that you've got to read The Fine Print. Your mama told you that, right? This is The important than ever. While some circumstances can't be controlled, there are items within your budget you can take charge of, such as your health care costs. For nearly 40 years, Christian Health Care Ministries, or CHM, has provided a budget-friendly means of sharing for medical bills when our members need it. Learn more by visiting chministries.org slash budget.

That's chministries.org. Welcome to the Ramsey Show, where we talk about your life and your money. My co-host today, Ramsey personality George Camel, is with me. The phone number here is 888-825-5225. Eric is in Charlotte, North Carolina. Hey, Eric, welcome to The Ramsey Show. Hi, thanks for taking my call. Sure, man. What's up?

So I'll just get right down to the question. The question is, instead of selling our home and taking the equity and buying and upgrading a home, is there any reason we shouldn't do a cash-out refinance and remodel our current home to basically be the home we would have purchased otherwise? Well, I don't teach people to borrow money or to borrow more money. If you do sell and you go buy a different mortgage, I guess that has the same exact effect to your point. Exactly. But the problem on a refi, on a remodel, is people have a tendency to overbuild the neighborhood. Yes.

So what's your home worth today? Today, probably $100. What would it be worth after the remodel maybe 120 and what would the remodel cost i'm estimating on the high end here we're probably 40 okay so you're going to lose half of the money oh yeah i understand that right you're going to spend 40 and you're going to increase your value of the money. Oh, yeah. I understand that right. You're going to spend $40,000 and you're going to increase your value $20,000. That would increase,

I mean, that would include repairing a three-carport garage in the back and turning one of those carports into a small apartment. Which still makes your property worth $120,000. Probably. Yeah. So you still lost 20 grand yeah that makes sense missing something no i think the math on this doesn't add up it doesn't sound like it's worth renovating here if he wants to upgrade and sell the house that's fine but it

doesn't seem like it's worth doing this cash out refi and doing all these renovations to only get that much extra yeah if you could increase the value at least exactly what your cost was then we'd have an argument to have and the next question would be uh if you have a hundred and forty thousand dollar home what is the average are you in a neighborhood or in a rural setting it's a very small town in North Carolina. Okay. When people are looking for $150,000 houses, do they drive down your street or do they drive down your street looking for $100,000 houses? $100,000.

Yeah, probably $100,000. Yeah. So my other point is you're about to overbuild the neighborhood. So I think your actual analysis at the beginning was very good and very correct, Eric, in that I think you're right. I think you're only going to increase it to $120,000, and it's still going to make you one of the most expensive houses on your street, and that's the very end of the piece of real estate you don't want to be. You want to be one of the least expensive homes in your area because you're going to get the most increase in value and have the highest probability of selling it when you get ready to

turn it over and so george over building the neighborhood is uh the swimming pool edition uh these year these days it's the water park in the backyard when when i was growing up um on the other side of the tracks a swimming pool was actually a swimming pool today when people talk about a swimming pool it costs more than a house. Well, there's landscaping. There's a slide. And so he's not doing that. That's not what he's doing.

But that's the kind of stuff that sets you up for spending four times as much as you're going to increase the value. And you talk about that in the Financial Peace University lesson on real estate, making sure you're not overbuilding. Don't get the most expensive house in the neighborhood. And if he does this, that's what's going to happen. And no one's going to want to get the most expensive house in the neighborhood. And if he does this, that's what's going to happen, and no one's going to want to buy the most expensive house in the neighborhood. Yeah. I actually just sold my personal home, and I had violated that. You overbuilt, Dave.

That's one of the reasons that it was a big stinking house. But one of the reasons I sold it was this hot real estate market was a good time to undo that mistake and get out with my skin intact. Yeah. But it was not the main driving reason. The main driving reason was Sharon says time to move. And we operate around our house on SWI. Sharon wants it. It's my favorite rule.

And so you've got Whitney wants it, WWI. Oh, yeah. We're feeling that. Yeah. And that's pretty much what you do if you're smart man yes it all comes down to patience michael is with us michael's in tampa florida what's up michael hi dave and george thanks for taking my call here's my question i'm in the market for a small compact truck i'm 38 years old my wife and i are recently in baby step seven and about six months

ago became an everyday millionaire. Way to go! Thank you, thank you. It's been fun. I've been looking at a new truck that's going to hit the market this September or October, which will retail for about $20,000. Is that that little Colorado? It's a Ford Maverick. Oh, yeah! I saw that. Okay, cool. Because of my personal thoughts on cars, I've kind of sworn off buying a brand new car probably ever.

However, with the current COVID situation and the supply and demand related to inflation, I'm afraid that this vehicle in two years, if I were to buy a two-year used car, will cost about as much as it's retailing for today. So my question is, am I being impulsive considering a new car? Should I go forward with that, or do I simply need to go take a cold shower? Well, you told me you're an everyday millionaire, correct? Yes, sir. And this car is 20K? Yes, sir.

That sounds like a real small portion of your world, and you've done really well for yourself. I mean, we hear people who are in debt who want to buy a 50K truck. And so you guys have put yourself in a position to win, and I don't see any reason you can't pay cash for this truck brand new. Yeah, it just eats at me a little bit. It's just the emotional factor? And I guess just kind of related to that is what are our thoughts on the on the uh inflation factor with the the shortage of supply and demand over the next 18 to 24 months well the supply demand problem was created by factories being shut down by covet

okay and so there's a shortage of new stuff coming off and when the shortage of new stuff coming off rolled its way down into the used market it created a shortage in the used market and both of them have shot way up in cost uh so the the auto market is among many of the markets that were disrupted by people not going to work and doing and building stuff at factories and so the answer to your question is as soon as they're all back to work and the supplies uh starts to even out the prices are going to even out and so i don't think you're going to continue to see this level of inflation and use vehicles because there's going to be a supply of new vehicles offsetting it and just like there always was so they just got to catch up it's already catching up it's not as bad as it was three months ago same thing happened with lumber and houses

it spiked way up and there's all these jokes about lumber is more expensive than gold and that was true for a little while but you know the lumber factories are catching back up and that's going to calm the new housing market down and then that's going to calm the used housing market down it's not going to cause it to depress or go the other direction but it's just going to smooth it out and this was just an unusual anomaly following a shortage of supply demands i don't think that enters into your equation, dude. It's a $20,000 truck. You've got a million dollars.

You're not being impulsive. You haven't done anything impulsive in 10 years. He needs to have some fun. Buy the truck. This is why you do this, man. You're a millionaire. You can afford a $20,000 truck. If it burns to the ground and you have no insurance on it, three days after you buy

it, your life doesn't change. The ratio of $20,000 to a million, your life doesn't change. George is exactly right. It's a small part of your world, which is where depreciating assets should be if you want to continue to build wealth. And so that's why it's dumb to buy a $50,000 car when you have a negative net worth and you make $50,000 a year. It's not dumb. It's beyond stupid and crazy, but people do it every day on payments. You're at the other end of that spectrum.

So if I were you, if I woke up in your shoes, I would buy the truck. Sweet little idea. That little truck's sweet, too. Have you seen the website on it? Yeah. I'm tempted, and I'm not even a truck guy, but that's a great price point. And he's done well. I've tempted, and I'm not even a truck guy, but that's a great price point. Yeah. And he's done well.

I've noticed this. This has been a theme. The people who are really responsible have the hardest time making these purchases because it's emotional for them because of how diligent they've been and how well they've done financially. They feel bad. And I want them to go, hey, you're winning. Now is the time to do those kinds of things. Have some fun. Yeah, that's exactly right. What happens, though, is he's been so diligent, as you said, and your brain gets locked in that groove of being frugal.

And that's the magic that got us here, and we don't want to abandon that. And so it's hard to loosen up. And the only way I've been able to loosen up is I do two things. One is I increase my generosity, which seems to give me emotional permission then to enjoy some of the money personally. But on top of that, then I just make sure it's an amount of money. If I set fire to it on my kitchen table and it just burned up, that I really wouldn't change my life. You'd be okay. Then you're okay.

It's a small, like you said, it's a small part of your world. This is The Ramsey personality is my co-host today. Open phones at 888-825-5225. In the lobby of Ramsey Solutions on the debt-free stage in person, Ryan and Christina are with us. Hey, guys, how are you? Good. Good. How are you?

Better than I deserve. Where do you guys live? Around Rockford. Rockford. Illinois. Cool. Welcome to Nashville. Thank you.

And all the way down here to do a debt-free scream. How much have you paid off? Around $188,000. Woo! How long did that take? Three years and one month. Very good. And your range of income during that three years?

Around $180,000 and down to $120,000. Okay. Wow. Okay. There's a story there. What kind of debt was the $188,000? Mostly her student loans. And then I had a rental property that I decided I wasn't making any money on anymore,

so we just needed to dump it off. That works. Okay. What do you all do for a living? I work as a security training instructor for a nuclear plant in Illinois. And I'm a nurse. Okay, cool. So that was from nursing school, a lot of that?

Yeah. I had my bachelor's before I went to nursing school, so then a bunch from just my bachelor's and then adding nursing school on top of it. Got it. Okay, cool. So tell us, what happened three years ago that put you guys on this journey? I had heard about you in my early 20s, and I worked as a CNA. I just never had enough to get ahead and just a ton of excuses. And then after I had my daughter, we were paycheck to paycheck,

and it just wasn't working. You know, I wanted to stay home longer. I had to go back to work at six weeks with her. And just not being able to stay home like I wanted to with her, it just kind of disgusted me. So I decided to actually put the plan into work okay cool and so how long you guys been married uh in november it'll be eight years okay all right so uh obviously ryan uh christina comes to you and goes uh this isn't working i'm done with this

we're about to change some stuff, what did you say? If you want to give it a go, let's do it. I mean, I'm pretty easy going. I wasn't really 100% on board with it because given how I spent my money all the time, it was not the greatest, but it really worked for us. I got on board pretty quick when I started seeing some of those smaller student loans drop off and just went full tilt. What got you guys on the same page?

It sounds like you were kind of floating along like, well, all right, maybe, and she's kind of like, well. What was that moment where you guys said, we're doing this thing? We're all in. Once I started seeing all the loans drop off, it really kind of sold me like, all right, yeah, we're definitely making progress on this, and we just need to stick to it to get all this done. So we just focused and went forward with continuing knocking off the loans as they went through, and here we are with no debt. Wow. Well, mortgage.

Well, the mortgage. Yeah, with $188,000 gone in three years is stinking impressive. Wow. I mean, you kind of make this sound like, well, we just kind of wandered along, and then it went away. It's almost $200,000. It probably could have been done a lot quicker, but we also, she's going to school full-time as well for nurse practitioner.

Oh, that's where the income drop is. We cash flowed that, and then IVF for our youngest was all cash flowed. Income drop was once she had him and COVID hit, and with everything, the uncertainty of what was going on. We were in a place to where with just my income, we were able to keep her home so she could spend more time with him and not rush back out to work. Which was the start of this story. Yes. So it just kind of went all full circle and now now she's back to work again, and we're just working on knocking the mortgage down,

and then we're going to move out of Illinois. Hopefully down your way. Hopefully down here. All right. Well, way to go, you guys. I'm so proud of you. Thank you. Very, very cool.

Now that you've paid off $188,000, after eight years of marriage, you learned to work together. You saw that progress. The progress sold you. There's nothing like winning to get you on board, right? Right. This stuff works. Now that you've been through all of that

and you're standing here with no debt except the mortgage, how does that feel? Good. Pretty amazing. Huge weight off the shoulders. You've been carrying that feel? Good. Pretty amazing. Yeah. Huge weight off the shoulders. Yeah. Because you've been carrying that a long time.

I mean, eight years you've been carrying it, basically, right? Well, I've had student loans forever. Yeah. And then some, huh? Yeah. Yeah. All right. Turns out they're not good debt.

No. Do not do it. Wow. What exactly did you guys do? I mean, it sounds like there were some sacrifices that had to be made here. You couldn't live the way you were living. What's the key to getting out of debt? No vacations.

Yeah. Be frugal. Yeah. Very frugal. We just learned to manage our money and watch where it was going using the EveryDollar app. Leave the wants alone and just focus on the needs. What was one of those wants? You said, this is hard to give up, but I'm willing to do it if this is what it takes.

I like beach vacations. She's really was missing out on these vacations. This is the vacation thing. There's a theme here. Her vacations, me, anything firearm related. Had to put a lot of that on hold. Oh, you put off buying guns? Man, anything firearm related. Yeah. Oh. Had to put a lot of that on hold. Oh, you put off buying guns?

Man, that's tough. He traded. I can give up the beach, but now we're getting... Yeah, okay. Oh, my gosh. Well, now you're free, and now you can go to the beach and buy a gun. Yep. Or buy a gun and go to the beach, whichever one you want to.

Yeah, it's all good. That's living like no one else, and so later you can live and give like no one else. So very, very, very well done. Good stuff, you guys, and you brought the kiddos with you. What are their names and ages? Let's have them join you on the stage. Logan, he's 14. And then Michaela, my daughter, she is four.

And then we have Wyatt, who is 10 months old. Ah, it looks like some cheerleaders in the action there, Grandma and Grandpa bringing them in. Yep. That's an excuse to come forward. Very cool. Good stuff. All right, we've got a copy of the Legacy Journey for you

because that's the next chapter in your story for sure. You've changed your whole family tree. Look at that great family. Ready to rock and roll, man. I love it. And a copy of the Total Money Makeover for you to give away somewhere and pay it forward for someone. Ryan, Christina, Logan, Michaela, and Wyatt from Rockford, Illinois. $188,000 paid off in three years, one month.

$180,000 to $120,000 in income. And now back up again. Count it down. Let's hear a debt-free scream. Three, two, one. hear a debt-free scream three two one we're debt free this is how it's done wow powerful family tree change just like that just like that just three years and one month of some sacrifice this is what i stumbled into i would like to say i had a great epiphany and my intelligence brought it forward but i stumbled into this fact because i'm a math nerd and it wasn't it wasn't readily apparent to

me but as i started working with people and it has been the difference in the Ramsey message top to bottom, personal finance is 80% behavior. It's 20% head knowledge. You've got to do something to modify your behaviors or all of your freaking theories in the world don't work. And when he saw actual results by paying off the smallest debt, which he would have never seen if they'd have paid off their highest interest rate debt first. The debt avalanche is mathematically so great. Yeah, that's a bunch of crap, isn't it?

So it paid off those smallest debts, and you know what it did? It got him engaged, got them both engaged. They started to believe, and that hope kicks in and throws gas on the fire, changes everything. Oh, absolutely. And as you heard from her voice, they wanted options, and they realized until they got out of debt, they don't have all the options in the world. They have to do what they have to do. Yeah, that's exactly right. She was that I did a go to a beach vacation or I did to be able to be home with the babies.

And when you're carrying around on your shoulders, one hundred and eighty eight thousand dollars, it's a problem. Yeah. Well, now they got all the guns and all the ocean time in the world. No payments, baby. That's what problem. Yeah. Well, now they got all the guns and all the ocean time in the world. No payments, baby. That's what you can do. It sounds like a bad rock band. I love it. This is The Ramsey Show. We'll be right back. George Campbell Ramsey personality is my co-host today as we take your calls about your life and your money. The phone number is 888-825-5225.

You jump in, we'll talk about you right in front of you. New podcast launched yesterday on the Ramsey Network. It's called The Fine Print. George Campbell, my co-host to my right, is the host of it. The first two of ten episodes dropped yesterday, how TurboTax is screwing you and the true cost of credit card rewards. And, George, you are diving deep into the fine print of these situations. Absolutely.

I'm doing the research for them to save them some time and money here, and you were featured in the TurboTax episode where we really unpacked the strategy of TurboTax. It's not tax software anymore. It's a front door to boatloads of debt because they bought Credit Karma. They've got all the Intuit companies out there and they're ready to sell you on some loans down the line. Yeah, that's the goal. That's the goal for sure. The data proves it. Oh, yeah. Ryan is with us in Denver. Hey, Ryan, welcome to the ramsey show thank you dave it's an honor to talk to you and great to see you on the show george thank you how can we help today so here's my situation so i have a current job offer to make about

30 000 above what i currently make and the ability to work 100% remote. The problem is I like the firm I'm currently at, and I just got a promotion with a nice pay raise and bonus. So I'm torn between being loyal to my current employer and the coworkers that I really like or taking the pay bump and the opportunity that seems like the better deal for the moment? Well, if you took work remote out of it, it might change my answer. Because I am seeing several pieces of valid research come out

that is very clearly saying man was not meant to be alone. And the productivity and the quality of work coming out of remote working companies is going to be and is less than companies where people actually work together. Being in the same room with someone has a multitude of advantages from communication to quality of relationships to trust to uh and all of that affects productivity and affects quality of life on the job so um uh remote workers are you know the research is coming out they're just straight up lonely um but it sounds really appealing for someone who's not necessarily an extrovert and it sounds really appealing for

certain job types for you to sit at home and pack on a computer and get it done uh but at the end of the day it's not turning out the way everybody thought it was going to so i i think that's a temporary move if you take it i don't think it's a career, you know, destination for you. It's I'm going to go take this because it's 30 grand, but I'm pretty sure in 24 months I'll be doing something else. Yeah. And, Ryan, you said you really like your coworkers. You're going to miss that when you're on Zoom calls all day. It's going to feel like you don't have any.

So what's your current income right now? What kind of jump are we talking? It would be like from $ 000 up to 90 yeah what do you do uh i'm an auditor for a public accounting firm okay um well it would be unbelievably tacky for you to walk in and go you guys just gave me a raise and i want another one it's not enough uh so i i mean i'm i'm interested what how old are you i'm 24 wow okay what would be your best theory as to why you're worth a hundred thousand to one company and $70,000 to another? I mean, the job offers kind of for a little more specific type work.

You have to be able to type a call and make transactions. Brian, speak directly on your phone. We're having a hard time hearing you. Okay, sorry. So I would say the reason is for just the qualifications that you'd have to have for this new type of job. But you have those. What's that? Don't you have those qualifications? Yes.

Okay. So why are you only worth $70 for one company and you're worth $100 for the other with the same exact qualifications? Just the line of work. I mean, it's a different type of work. So with auditing, there's a lot of opportunity, a lot of people coming into the market, you know, and it takes a little while at bigger firms to kind of work up, whereas you're very replaceable in audit. Unlike this type of industry that I'd be moving into, it's kind of more specific and you're

able to stand out. Does your firm offer that service that's specific that this other firm offers? So they do, but not in Denver. Okay. Where's this new job at? Is it local? No, it's remote. Oh, it's all remote, so you wouldn't have to go anywhere.

Yeah. Here's the thing. I'm worried you take this thing and you realize, oh, my gosh, I hate these people, and it's toxic, and it's super stressful, and I'm working 60 hours a week a week and it's not what I thought it was and it's not worth 50 grand, let alone 30. You do what you want to do. I don't think there's a wrong answer. If you take it, I'm going to introduce the idea that it's more temporary than maybe you had thought because I think you're going to run into problems 24, 36 months out because I think we're going to start into problems 24, 36 months out. Because I think we're going to start to see.

This is my theory. Ramsey doesn't have remote work. We don't have any. Okay? Because we really have seen a major difference when we're in the same building together. As a matter of fact, we spend an inordinate amount of money being in the same building together, building the dadgum building. And so we believe in it that much. We believe in the net result to the customer, the net result of the quality of work, the environment, the retention of talent.

The culture. And so forth. So all of that to say, you're asking a guy who has a skewed opinion on this. And so my theory is if you take that other deal, it's going to be a temporary deal. And that's okay to do at 24. If you want to make 30 grand more a year, that's not a bad thing. And you got a bunch of freedom from work remote, that's fine. But I don't think you'll be there when you're 30, still doing that, just based on talking to you.

And I think these trends are going to blow up. A lot of people are already zoomed out, I'll just tell you. And so, but now, the other thing you could do if you don't take it is I would go back into the current firm and say, I've got this offer on the table. I'm not going to take it. But I think it's fair to let you guys know this is on the table, and I am staying here because of the relationships and because I value this firm and uh you guys just gave me a raise i'm 24 now but what i do want you to know is that you're going to have to show me a path forward and because the next time this comes up i got to think about it again and so just you don't

have to do it today but over the next coming, you need to give me a path forward where I can earn more money for this firm so you can pay me more money. I want to know how I can add value so that I can make more. And you can do that with humility, and you've got the work ethic, and you've got the chops, and you ask for, hey, I just want a growth plan. I'm willing to work and do what it takes to get to that salary. Just let me know what it takes, and let's have that conversation. And the way I do this, too, is I reverse the shoes and say okay put your employer's shoes on i got a 24 year old guy walks into my office and goes i just turned down the 30 000 race not uh hey look what i got

okay uh because i'm gonna tell you take it yeah if you come in waving that under my nose go for as an employer i'd say you feeling hoppy jump it's your last day you know that's good you know your spirit leaves you i'll take your body with it so let's do that you know i'm gonna be mean about it but i'm just as so if you switch seats though and you say okay if you're the employer and the young man walks in and says i just just turned this down because I'm thankful for this place, being loyal, and also telling you what's going on. And really all I ask is in the next few months that you show me how I can add value so that I'm worth $30,000 more in the very near future. Yeah. Not asking you to match this, but I am asking you to show me a way where i can be valuable now an employer

like me that guy that gal i love them that's perfect yeah because that's somebody that's in it to win it for the long term with the team they're going to stick around it's going to be worth investing in them it's going to be worth giving them maybe an immediate raise even but you don't ask for it no not today deal today. Do it with humility. That's it. That's the whole thing. George Campbell, Ramsey Personality, my co-host today here on The Ramsey Show. And, of course, James Childs is our producer. Kelly Daniels, our associate producer and phone screener.

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