The Ramsey Show - App - Is This Actually Possible? (Hour 2)

Episode Date: December 11, 2023

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. I'm Dave Ramsey, your host. George Camel, Ramsey personality. YouTube celebrity is my co-host today. His YouTube show, George Camel, just surpassed the first 100,000 subscribers.

We got the little YouTube button in. We got the whole plaque they send you when you hit 100,000. The little plaquey-poo. Very kind to all the subscribers out there and people watching every week. The fastest show to go to 100,000 in A little placky-poo. Very kind to all the subscribers out there and people watching every week. The fastest show to go to 100,000 in the Ramsey Network on YouTube. Did it faster than anybody. I'm not very fast in life,

so it's nice that I beat y'all to something, Dave. Hey, you got there quick. The team has done an incredible job making this entertaining, fun, and of course, informative and helpful. Casey is with us in Amarillo, Texas to start this hour hi casey welcome to the ramsey show hey dave and george how are you better than we deserve brother

what's up well i'm a little embarrassed because this is really going to showcase my ignorance of the subject but i've got a few questions about the national debt i don't know if i don't know if you've heard but we are in debt a little bit. I've got three questions for you. The first one is, who do we owe this $33 trillion to? The second one is, why as a country did we borrow it in the first place? And the third one is, is it even possible or logical for our federal government to pay off this debt and operate debt-free? Those are great questions. Well, who we owe the money to or whoever bought the Treasury bills are called T-bills.

And the Treasury of the United States issues a bond. And if you buy that bond, then that means that if i bought a i don't know a hundred thousand dollar treasury bond that means the united states of america owes me one hundred thousand dollars if i bought that bond and it pays me a certain interest rate now i know they're never going to pay the bond or if they do they're going to pay it by issuing another one yeah okay which Okay. Which is if it actually ever does come due, that's how they do it. They'll issue another set to cover the ones that are coming due. But I also know that I can sell that bond at any moment because the credit rating of the United States of America is still strong. Okay.

So that's how they finance it and the danger is when foreign countries or uh foreign entities of any kind wealthy uh corporations in foreign into in foreign countries buy up a bunch of that that means the united states is in debt say to china as an example deeply in debt to china it's a little dangerous uh politically uh but it's not like they can call the debt it's not like they can call the debt. It's not like they can repo Kentucky. So it's, you know, it's okay. So, but in that sense, it's not dangerous, but it's just kind of creepy. You know what I'm saying? So your second question was, or your third question was, can we ever pay it off?

Your second question was what? Why did we go in debt? Well, we went in debt because just because like normal like regular human beings who spent more than they made when the revenue coming in from taxes and other things won't cover the expenses of highways and military and 45 000 toilet seats and a billion dollars to this country and eight billion dollars to that country in supplies which we do pretty regularly we give billions and billions and billions away overseas when we don't have the income in a year the amount that we're short revenue is sure is not enough revenue to cover

the the outgo the budget the difference is called deficit. And the amount that we borrow has gone up every year because we keep going further. We keep spending, not just spending more than we make, but every year spending more than the more than we make. We raise the amount that we're going into that. So when they say they cut the deficit, all that means is they didn't go over budget quite as much. That's all it means.

So it's kind of an oxymoron on words. And then the last question is can we get rid of it? Mathematically, we could. I don't think we have the political willpower to do it. Because as soon as you tell your Uncle Henry who gets a subsidy because he runs a dairy farm from the U.S. government that he's not going to get that subsidy anymore because we're cutting our expenses, then he's not going to vote for that congressman, and that congressman's going to get replaced by a congressman who will spend money like he's a drunken congressman.

Right? Yeah. replaced by a congressman who will spend money like he's a drunken congressman, right? Yeah. And so people won't, they don't, they want to, they, in theory, a lot of people say, I'd like to balance the budget. I'd like to get the income to at least equal where we're not going further in debt. But to do that would require cutting a lot of things out. And the problem is we're so far in debt now that a big portion of the budget is just the interest on the old debt right and you can't cut that you got to pay that so where are you going to cut you're going to cut giving um you

know money in the middle east money in the ukraine uh money to this country money to that country there's a lot of people talk about that uh are you going to cut the military i mean those people don't get paid anything anyway and they put their lives on the line for us i don't know how to do that it just requires this tremendous um the amount of hate that it would generate because of the number of lives it would touch to cut everything necessary to cut to get it down to balance would i don't know if anybody's got the political capital to pull that off either side i think it'd be the be the last time that party existed uh right now because people have gotten used to being on the government dole one way or another you know they're used to the local government in my county is waiting on $14 million right now to build a highway or to redo a road that runs up beside one of my houses.

And they've been waiting five years on that $14 million from the federal government, and they won't build the road until the $14 million comes. Meanwhile, the road's a damn goat track. You know, it's awful. And so they're waiting on $14 million from the government instead of the local county handling their own business. And it's that way everywhere. It's that times a thousand. Waiting to do the bridge repairs until we get the government money,

waiting to do this until you get the government. And so everybody's on the dadgum take, and nobody wants to say no. And saying no is the only way you balance a budget when you do it at home casey when i do it at home the way i live on less than i make is i look at the kids and i say no i look at my wife and look and we look at our budget and we go we can't go on vacation we're broke people we gotta not be broke people before we can go on vacation we can't afford that car uh those bass are gonna get away because i'm going to have a bass boat with a motor that big because I can't afford to pay for it.

This is what normal people do. We say no. But the federal government has absolutely no ability to say no because everybody wants them to say yes. So that's the problem. It's not a math problem. You could actually cut taxes and revenues go up. Art Laffer proved that under Reagan.

It's a statistical fact. It's not a political theory. So it actually worked. Did you see Warren Buffett's method to solve this? Yeah. That's a great quote. Absolutely. I said I could end the deficit in five minutes. He just passed a law that says anytime there's a deficit of more than 3% of GDP, all sitting

members of Congress are ineligible for re-election. There you go. You lose your job unless you fix this. Yeah. There's one way to do it. Because you redefine what winning looks like. What does winning look like as a congressman now? Giving everybody free money. And if you made it, what winning, the only way you can stay

is if you balance the budget. That's a new way of saying what winning looks like. Hanging out with lobbyists all day. They would learn the new ancient word. The ancient word, no. No. You press your tongue towards the roof of your mouth. You release, the ancient word no. No. You press your tongue towards the roof of your mouth. You release and let air go by. No.

George Campbell is my co-host today. I'm Dave Ramsey, your host. Hey, if you like this show, you can help us out. We'd appreciate the help, by the way. We do need all the help we can get around here uh subscribe click the subscribe button click the follow button click the like button share the show send somebody a link or some some of the different podcast venues or platforms some of the different youtube things you can they have a share button where you can just click it share

it real easy with somebody hey i like that clip i like what they're doing there you're the only marketing we have so thank you and you've been sharing it and telling people about it we know because our numbers are way up way up and we appreciate that because you guys are sharing it and subscribing and doing all the proper things we appreciate you that's the way you say thanks here otherwise it's just free hey pretty cool elizabeth's in miami hi elizabeth welcome to the ramsey show hi thank you so much for taking my call sure how can we help so let me start with um my dad just passed a couple months ago i'm sorry and um i help my mom and my sister with their finances. Now, my sister has learning disabilities and I've been following your plan with her for the past six years. We have her debt free. Um, she has like $26,000 in the bank cause she's saving up to buy a new car, not, you know,

like a new to her car. Um, she has about29,000 in retirement just from her work putting in for her. She makes about $27,000 a year. What's the nature of her learning disability? It's in math, actually. So that's why I do all of her finances for her. Okay. I'm sorry. I'm not aware of an exclusively math disability.

What is this? I don't understand. It's not very common. It's really not a lot of people know about it. She just doesn't understand beyond basic like addition, subtraction. Okay, so that also inhibits her career path, I assume. Exactly. Yes, absolutely.

Okay. And it inhibits her confidence in applying for a different job so she has a job she's in now she's been there for 11 years she's very happy okay she likes the people she works with so you've got her in a you've got her in a sustainable mode way to go yeah you're a great sister thank you so um with my dad, the situation has arised that my mom is, they were married for 50 years and she's uncomfortable living on her own, but she really wants to travel and she doesn't want to leave the house empty. So she came up with the idea that maybe my sister could move in with her and cause she's only going to be there. She only wants to be there for like three months a year. I really want my mom to live with me, to be honest. So my sister could sell her house and make about $150,000. She has

a townhouse. She's got 50,000 left on it and we could sell it for 200. Does it make sense? And there's like a lot, obviously of nuances in here for her to take that 150 and invest a huge portion into her retirement because I'm afraid she's not going to have enough she's 42 she has this 29,000 in retirement and she's got some health issues and my dad passed from health issues that are genetic and I'm just worried about taking care of her. What's your mom's house worth? $300,000 and it's paid off. She doesn't owe anything on it. There's two elements we find from people that build wealth and are able to create a sustainable situation at retirement. Okay. One is a paid for property and one is a nest egg.

And so you're being very wise in how you're going at this, isn't she, George? Yeah. So I want that for your sister because if she does not own a property going into her retirement years because she moved into your mom's house and sold hers, she's going to be out of the real estate game. That's what I was nervous about too. Yeah, I'm worried about that because, okay, let's fast forward. Let's say your sister's life expectancy is better than you fear. And let's say she lives to 70 or 80. Okay. At that point, the number one line item in most people's budget, expense-wise,

the largest item is housing. Okay. And when you have a paid-for property, you have greatly reduced the number one expense item you've stabilized it like for your mom in your mom's situation she's sitting there to pay for a three hundred thousand dollar house what's that give her stability yes because she doesn't have to worry about stinking house payment with your dad passing and which might have forced her to sell the house instead of thinking about traveling i don't know i don't know what the rest of the nest egg is, but that's the thing. So the paid-for house that your mom's sitting on is a beautiful testament

to your dad and your mom and how they've managed money. That's a stable thing for your mom going into her golden years. I don't want to take that away from your sister. Okay. I'm going to throw one more wrench into the situation. My mom is saying she's going to leave the house to both my sister and myself. Could my sister just stay in that house after my mom passes and then that becomes her house? Yeah.

Yeah. And I'm guessing if your mom's traveling nine months a year, there's some money too. So, I mean, she's legitimately going to live with me for six months and i'm beyond happy about that and my husband is happy that's not travel no no no but and she has friends everywhere so and they all want her to come okay so this is not she's got two million dollars in a nest egg and just going to go out and have some fun unfortunately no okay so my question is does300,000 in addition to the house? From what I understand, she's got $175,000 in investments

and then probably $50,000 in checking, but then she gets pension and Social Security enough to cover more than her bills. Is it just you and your sister? Are you the only two siblings yes yep here's what i'm beating around i'm trying to figure out the math that's fair to you because you've been a wonderful sister and um i'd like for your i'd like for your sister to end up with this house without having to pay you something no that's, it would bring me so much comfort to know that she's just taken care of, you know, like it's okay. And we're in a stable place. My husband and I, we're going to be okay.

We've got military retirement. I'm really worried that she's so tight on her money and so tight with her retirement right now. And this would just, I mean, it would be the world changing for her. Is a relationship part okay with mom um you hesitated my mom is obviously great i know you hesitated i think that it's i think it's more um an insecurity for my sister to say i'm moving back in with my mom and i told her i was like it's really mom is living with you you know if she's living there nine months of the year and my mom only comes in for three months just basically to visit and say hi. It's really my mom is gifting her that house. They're changing her mentality.

But I understand. If you want to do a, if you want to make it thorough and legal, you could sit with an estate planner and go ahead and deed the house to your sister with a life estate to your mom, meaning your mom has rights to it as long as she's alive. She can stay there. Okay. And you could put in the write-up that your sister is also allowed to occupy the property, and then your sister does own the house. Okay.

That wouldn't be a bad thing. You could sit with an estate planner and do that under the unified estate tax exemption. She could transfer the title on the property over and not pay a dime on taxes on it. Your sister could sell the house, her house, and dump that money, as you said, into retirement. No house payment. Yeah, then that starts to work unless your mom is going to mess up your sister's progress because she's done so well under your leadership. Yeah, I just keep coming back to that real estate. I like that she's done so well under your leadership. Yeah.

I just keep coming back to that real estate. I like that she's got skin in the game, and I want her to lose that by this situation. If she's going to own this other house, then that solves it. That keeps her in the real estate game. Yeah. But I would also ask, what does sister want to do? Yeah. That's part of it.

She likes her independence right now is what I heard, too. That's something to deal with. That's a good question. And even though it's quote unquote her house i think emotionally psychologically and until the deed is changed over you know financially it might be good for your sister state of mind to go ahead and do the deed with your mom having a life estate a good official not just a promise yeah then this is your house and you know uh you're getting your part of the estate now prior to death. And then the rest of the money and stuff will come to you, Elizabeth, at that point upon death.

And it probably won't be 300K is what you're telling me. Probably going to be more in the 200 range depending on what your mom spends between now and then. So, wow. I got to tell you, Elizabeth, that's very noble. You're doing really good stuff there. You're a good person. I'm honored to speak with you. I got to tell you, Elizabeth, that's very noble. You're doing really good stuff there. You're a good person. I'm honored to speak with you. I hope we helped you.

This is The Ramsey Show. George Campbell, Ramsey Personality, is my co-host in the lobby of Ramsey Solutions on the famous debt-free stage. Sean and Glenda are with us. Hey, guys, how are you? Hey, Dave. How's it going? It's good to have you guys. Hi, George.

Where do you guys live? San Antonio, Texas. Oh, we love San Antonio. Thanks for being with us. Thank you for having us. How much debt did you pay off? About $297,000. Yeah. How long did that take?

Five and a half years, about 68 months. Wow, good for you. And your range of income during that time? $86,000 to about $212,000. Wow, cool. Now, what kind of debt was this? It's our house, Dave. You paid off your house!

Look at the weird people! We are weird. Very weird people. I love it! Way to go, you guys guys what do y'all do for a living i'm a fire inspector at jbsa lackland air force base why aren't you on the radio without voice oh my god yeah he does have a sexy voice well i am on the radio when i when i have my radio sexy i said sexy i'm on the fire department radio, so that counts. And I work logistics for Lackland Air Force Base.

Oh, yeah. I'm retired active duty, but I went back as a civil service. Same job. Thanks for your service. Thank you so much. Appreciate it. So you paid off your, what's this house worth? $404,000.

Way to go. How much in your nest egg? It's going to be $965,000. Way to go. How much in your nest egg? It's going to be $965,000. Almost there. You mean above the $400,000? There's $600,000 or something. Yes. So you're right at a million dollars.

Close. A little close. Oh, you're right. We're about $40,000 short. I just declared it. You're a millionaire. Way to go. Thank you.

I appreciate that. Baby steps millionaire. That's weird. Check the stock market an hour maybe you'll be there how old are you two 57 57 and you got a paid for house yes sir and you're millionaires yes we never owned a house while i was active duty so that's why took a little longer to actually say hey because i was originally from santona we both were yeah i mean i can't believe you waited to your 57 to be rich that's horrible no time like the present how long how long you guys been married

32 years yes way to go you just way to go yeah that's so excellent thank you well done okay so what put you on this journey five and a half years ago to knock the house out so when i was deployed to the middle east which you just came back from, so it was very hot. Well, it shouldn't have been hot there. No, it wasn't hot this time. In the summer, it's bad. Yes, yes. When I was there, it was 120 degrees. Yeah.

And there was on the bulletin board for the chapel, Dave Ramsey Financial Peace Course. I'm like, well, I didn't hear about you about that time. Is it air-conditioned? That's what we want to know. Yes, the chapel was air-conditioned. Who cares what the stupid course is? Is it air-conditioned? Yes, yes. So it started from there, and we just never looked back. air-conditioned that's what we want to chapel was the stupid course is it air-conditioned yes yes

so it started from there and yeah he came home dave all fired up about getting out of debt and i wasn't having it oh i said i'm not having this foolishness i'm going shopping because truly i'm the free spirit he's the nerd apparently but what he did was he started back then it was your cds and he would put the cds because it actually started in 09 that this happened and we got rid of our consumer debt but he started playing the CDs in the car on the way to work

and I liked that it was biblically based and that you were funny so I said okay I'll go to I'll take the class so she took the class with us

I took it and we never looked back don't like it but it's Jesus and it's funny yeah it's Jesus and it's funny and loved it

and we never looked back we hit it straight head on paid that debt off and wow moved to san antonio built a house and i think the the budget was really opened her eyes to yeah the budget because that made our standard for never going back into debt again we cash flowed four cars yeah and everything else we recently just bought a We recently just bought a car, cash. Yes, yes. A new-to-us car. It's a 2021 Camry, but new to us. Good car.

Yeah. That's a typical millionaire car. Yeah. A two-year-old Camry. That's about what they drive. We love it. So we just love that Financial Peace University is just comprehensive.

You know, it's from beginning to the end. And we also had the opportunity to help facilitate, to coordinate. Yes, we're coordinating the classes now. the chaplain at Lackland Base. Oh, good. Wow. Thank you. Well, your story's got to inspire them.

When you get up there and you share all of this, they've got to be like, we're doing whatever they did. Our first class paid off $100,000 of debt in the nine weeks that we taught the class. So it was a successful class. We were hoping if we could just help one person, that would be enough for us. But $100,000 was paid off in our first class.

Wow, that's great. Yeah, we had a big support system at Lackland. That's great. And our kids were a big support system too. Wow, very cool. And we attend

many of your live events, so we love the pep rallies. Yeah. It's amazing when we go to your live events. Yeah. We've been to one in San Antonio,

Houston, Louisville, just wherever, kind of where you guys are at. We've been to one in San Antonio, Houston, Louisville, just wherever you guys are at. We follow you. Not our first time meeting. Got a John Deloney picture. I was in there. This is so fun. It's everybody. Oh my gosh.

Way to go you two. How does it feel to be 100% free and be millionaires? It's amazing. We actually took the picture. You should have put that one in there of our feet touching the grass. Yeah. But he didn't have a tan on his feet, so it wasn't a good picture.

I had a farmer's tan on my feet, so it didn't look good. Got a sexy voice, but those white feet. I'm just saying. Not a foot model. No, not at all. That's not my side gig. But the grass did feel different. It was amazing. Well, you guys have different decisions now.

Now, Glenda the Spenda out here, you can actually spend with more confidence. Look at you rapping, George. Yes, we're going on a cruise in January. Yeah. Where's the cruise? It's going to go to Honduras and Mexico. Yeah. Very good.

That's a good cruise. I'm with a good group of friends, too. So little did you know, you're going to have more fun spending on the other side. You're just doing it with cash. Yes. More freedom. That's even more fun. That's our standard.

Everything's cash now. We're not going to go below that standard at all. I'm so proud of y'all. Thank you so much. Thank you so much. Thank you so much. Thank you, George. And is your family wealthy?

Did you grow up in wealthy families? No. No. Not at all. No. So they're all looking at you like cross-eyed. Yeah. Yeah.

We're the crazy ones. Yeah. We're weird. We're weird. Crazy crazy and weird trying to bring them along so a couple of my nephew sean he's he's doing real good yep and your chaplain yeah the chaplain herbs yeah we have a few people he's the one we're coordinating the fpus class back back home with yes which is great because it makes you want to do it too oh yeah everybody's watching it's contagious it is it's funny that just working your butt off and living the lesson you make is now considered weird like i don't understand you're not just

spending other people's money how does that work you guys you're not irresponsible you're weird exactly because that's the opinion we get sometimes where you can't do that you can't buy a car cash i'm like yeah well i did it kind of just it for the fourth time. Yeah, argue with that. Yeah. Exactly. What do you tell people the secret to getting out of debt is? Well, I tell them to take FPU. I like you. I do. I say take FPU.

The budget, zero-based budget, not just the budget, because for years we did a budget. We paid extra on everything, never got anywhere with that. But doing it your way to zero-based is what did it for us. Because I reemphasize that in the FPU course. I say your personal budget's your truth. Your budget's not going to lie to you. Your income, what you put into your budget is what you're going to be able to do,

how to get out of debt, how to pay for items, things that pop up that you, it's an emergency that happens, but you're ready for it. It's part of readiness. It's inconvenience when we had an emergency. Exactly. Which we had several. We cash flow a couple of, helped with funerals. Yeah, both of our moms passed away within the last year.

So it wasn't a crisis to plan the funeral. It was just, we just did it. We didn't have to worry about where are we going to get the money for, because funerals are a racket if you look at it. It's terrible, yeah. We just took care of business, basically,

because since we had enough funds to take care of it, we didn't have to worry about stuff like that. Changes in money. Paid for a roof. We did a roof replacement. Yeah, roof repair. We earned our time,

roof repair, cash. So life's still going to hit you, but you just gotta be prepared for it that's what you go through their class you get it yeah i got it down man i'm ready to pay off some debt and i don't have any way to go you two hey we've got the live and give box for you it's another fpu membership you'll be able to give that to somebody because you're being such a blessing thank you total money makeover book and baby steps millionaires book which you're you're all of that we're so proud of y'all well done sean and glenda san antonio texas

297 000 paid off house and everything that's a 400 000 house and almost 700 600 some change in the old uh in the old retirement so that's making them baby steps millionaires they did all of this in five and a half years, making 80 to 212. Count it down. Let's hear a debt-free scream! 3, 2, 1 We're debt-free! Free!

Yeah! Yeah! Woo-hoo-hoo! Love it! This is the ramsey show george camel ramsey personality is my co-host cassie's in denver hi cassie how are you i'm doing well how are you better than i deserve what's up um so my husband and i are on baby step two um in the process of paying off our debts. And, um, we discovered before we got married that, um, my husband had about $17,000 in student debt,

um, to kind of explain the situation that his parents agreed in when they got divorced to pay for their kids' college tuition. Um, so at the start of each semester, my husband's mom would send him cash and his dad would ask that he take out a loan in my husband's name that his dad verbally agreed to pay back at the end of college, basically. So my husband also worked full time, 40 hours. He ended up getting all of his tuition reimbursed. So at the end of each semester, he would send his mom the cash back and his dad the other half, and he thought he was paying those loans off. But come to find out, he spent that money instead, and now my husband still has $17,000 in student loans in his name with his dad's verbal agreement to pay it back.

Well, I think we see why they got a divorce. Yes. It's one of the many reasons that he's poor with money. But we are trying to save up for a house. Not that he borrows money, but he steals money from his kids. I mean, what kind of guy is this? Yeah, and it's kind of hit to the point where we have a four-month-old. We want to purchase a house soon.

The question is, you know, does that fall on us? Sure, it's in your husband's loan yeah exactly and so do we delay buying the house yes that off yes okay i'm sorry it's like i'm guessing your father-in-law i mean this guy sounds like a real upstanding twerp um i'm guessing he doesn't have seventeen thousand dollars to honor his word and pay this off right uh he lives paycheck to paycheck and probably will for the rest of his life yeah and for some I'm guessing he doesn't have $17,000 to honor his word and pay this off, right? He lives paycheck to paycheck and probably will for the rest of his life. Yeah.

And for some reason, we distrusted that he was going to go through with this whole deal. But your husband did all this when he was a kid. He gave your dad, I mean, he's a college kid, right? Yeah, I mean, you're 17, 18. Your parents' finances are your finances. Yeah, well, so he sent him the money back then. He hasn't sent him money since y'all been married. Correct. He sent him the money at the end of each semester.

Long time ago. So what's your household income? About $116. How much money do you have? Right now we have, you mean like in savings? Mm-hmm. So we have our $1 thousand dollar emergency fund and then

we're just paying off our other debts including so you're working a debt snowball yes i'm sorry cassie how much other debt have you guys got um so i have about 12 000 students and then i have 23 000 on a car i'm actively trying to sell it and get a lesser car, and he has about $10,000 on his truck that we've been snowballing. Okay. Well, I'm guessing that this pattern of lack of integrity and irresponsibility has already put a strain on your husband's relationship with his dad. Actually, no. Not counting this here. If you just took this out, it was already a strain on your husband's relationship with his dad not counting not counting this here if you

just took this out it was already a strain no they haven't my husband was pretty clueless until i got in the picture he didn't you know he's he's of a mindset it's his dad's responsibility it was written no no no no you misunderstand me yeah. Your husband's dad is a twerp. Okay? The student loan's not the first time he was a twerp. Correct, yes. So I'm guessing that your husband is already strained just because his dad doesn't do the stuff he says he's going to do in general.

Correct, yes. And you're right, he has done this before. He says he's going to be there for Christmas, and you're right. He has done this before. This is not a... I mean, he says he's going to be there for Christmas. He doesn't come. Or he says he's going to be there at 6 o'clock. He comes at 10 o'clock. Because he just doesn't...

The world revolves around him. It doesn't occur to him that he's supposed to keep his word on anything. Yeah. And that's why they're not married anymore. I mean, that's... You know, so what I'm pointing out is the student loan is just a one more brick in the wall of this guy's life. It's because it's very seldom that you'd have this as a standalone issue in his life, in the father-in-law's life. So my point is, yeah, put it in.

You owe it legally. You're going to have to pay it. It's not going to go away until you all pay it. So put it in your debt snowball. I'm so sorry you're having to do that but then what y'all need to do is step back and if i'm in your shoes this pisses me off a lot because it delays when you get your house a little and i would require that um if I'm you, require is not the right word, I would want my spouse to say out loud how bad this is and not just act like this is okay. If your husband acts like this is okay, it's going to make you really angry.

This is not okay. This is not okay. Does he still trust that his dad's gonna pay this i don't understand yes yes he does and he did it for his sister as well and she's actually missed payments on her plan so her credit got really messed up from it there's nothing in the entire story that indicates he's ever going to pay this yeah and so your husband owning that is going to help you relationally with your husband and help you emotionally. If I'm in your shoes, this is me anyway, it's going to help me.

If my wife, if this is my wife and she came in, she goes, look, this is awful. I'm so sorry. We got to pay this and it's wrong. And he's not going to do it. I wish he would do it. I just, he's just not that guy. He's the guy that doesn't do what he says he's going to do. He's that guy. He's the guy that doesn't do what he says he's going to do. He's that guy.

And so that's for you and your husband because there's nothing either one of y'all is going to change the twerp. The twerp's just a twerp. He just is. I mean, he's just over there, and you're not going to change him, and no amount of angry is going to make – there's no justice in this story. Justice will not be done in this story, this side of heaven, right? Because justice would be the old man paid the bill. Right. But that's, nobody in this, within the earshot of our microphones right now, 30 million people listening to this call, none of them think he's going to pay the bill.

Your husband's the only one so he needs to own that for the sake of your all's relationships what i'm saying does that make sense to you yes it does you know i'm not asking him to disown his father or never speak to him again i'm not suggesting that there's not molestation or something that's occurred here there's nothing like that this is just the old man didn't keep his word. Well, yeah, that happens a lot, I'm afraid. The old lady didn't keep her word. That happens a lot, I'm afraid. But you can love him.

He's just that guy over there, and I just love him. But I'm certainly not going to do any business with this guy ever again. I'm not going to trust him with any money. I'm not going to send any money to him. You know, you're $17,000 in the hole to me. Let's just start the conversation there. Yeah. So the reality is you guys are in $62,000 of debt, your debt.

You make $116,000, and this is a solvable problem. But it's going to delay your home purchase by a few years. Well, not even. Maybe 18 months is what it's going to take to get rid of all this debt. Unless you sell the car, it will happen even sooner. You're going to get is what it's going to take to get rid of all this debt unless you sell the car it'll happen even sooner so yeah it's um you're gonna get there you're gonna get there it's just but it's like you got scammed is what it feels now it's so I got scammed I'm out the money and I still have to move forward I got scammed by my dad yeah oh my god the person is supposed to love me and protect me it's like these parents that steal their kids identity

it's a certain level of scum. It's a whole other level of scum. When you steal your own kid's identity and you go open accounts in your kid's name, oh, my God, that's just, this guy didn't do that, but he's in the same bucket, you know? And it's just awful. Oh, I'm so sorry. But the problem is when we get into these things, you get right down to the facts. The facts are, Cassie, that your husband has a student loan in his name,

and no one's going to pay it if you all don't. So you're in debt. So you've got to clean it up. That's the facts. But the emotion around the facts is just nasty. Well, and the whole situation from the beginning just sounded complicated and sketchy. It was like, well, you take that down in your name, and I'll get you. You make the... Yeah, once you say that right there, you can see what's coming.

If dad's not willing to take out the loan for himself, he wasn't willing to take on the risk, and he was not willing to pay. Well, yeah. He didn't have the money, and he doesn't now. He blew it somehow. And mom's over here handing cash, and he's handing her cash back. Oh, my gosh. And, yeah, you can tell what happened. Weird situation.

You can tell what happened that marriage that's just awful yeah yeah integrity shows up in everything and it shows up it always shows up as a pattern not a singular event and that's what you're looking for that's why i was saying that about it wasn't the first time and it won't be the last. No. It's not going to be the last time he doesn't keep his word on something. That's the problem. Stinks. Ouch. Ouch. Some people's parents. This is the Ramsey Show. ...

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