The Ramsey Show - App - It's Launch Day! Everyday Millionaires is Here (Hour 2)

Episode Date: January 7, 2019

The show about you

🎵 Live from the headquarters of Ramsey Solutions, it's the Dave 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. Happy New Year, America. Glad you're here. Life is good. Open phones at 888-825-5225. You jump in.

We're going to get you started, baby. That's 888-825-5225. Daniel is with us in Duluth, Minnesota. Hi, Daniel. Happy New Year. How can we help? Hi, Dave Ramsey. It's a total pleasure to speak with you. You too, sir. All right. So my question, basically, I have an unusual obsession with taxes. Like I have Google spreadsheets of tax calculations for myself. And I'm thinking about starting like a part-time, I guess,

tax filing business. The big problem for me though, is my education and trade is in mechanical engineering. And while the two have, they're both obviously numbers-based and mathematical, there's not really any system for me to just like become an accountant for this part-time. So I just wanted to get some insight of what you think. Well, there are a lot of tax preparers that don't have a master's degree in accounting. And so you may look into what it takes to be an enrolled agent with the IRS, and that's the next step. And if you're an enrolled agent instead of a CPA, then that gives you some credibility. And I honestly don't know what the guidelines are to become one of those off the top of

my head. But that is the two designations that we see, for instance, with our tax ELPs that we endorse. Have you looked into that? I saw a thing on the IRS. It was something like a volunteer tax filing thing, but it seemed more of a nonprofit type. No, this is called an enrolled agent. Okay. And I guess I can just go on the IRS website and just look at the requirements,

but to your knowledge, you don't know them? I don't know them. Yeah, I suspect thats is one place to get the information if you just type it in you'll probably see a bunch of articles come up and start to understand what it is i honestly you now know everything i know yeah which is not much obviously so yeah you'd want to do that and and i think you probably do want to get uh uh you know somewhere start to get some bookkeeping experience because the stuff you're doing is just your natural math aptitude.

And there may be, you know, in the accounting systems, and it does apply to taxes as well, there's what's called GAP, the Generally Accepted Accounting Principles. And you probably do want to get, like, you know, an Accounting 101, Accounting 201 type classes over at the community college under your belt, which will help you be a better bookkeeper type use of your natural math skills. And then that'll apply over into the taxation issue. I'm going to want to do something like that if I'm you to start before I start charging someone for this service. So, hey, thanks for the call.

Dale is with us in New York City. Hi, Dale. How are you? Hey, how are you, Dave Reveley? Better than I deserve. What's up? All right. So I'm currently in a job where I make about $29,000 a year.

I have roughly about $10,000 in debt. They're looking to renew my contract to make me make about $49,000 a year. However, with the new contract, it won't come with any benefits, any time off, any paid time off, any health benefits. I was wondering if that would be a smart decision to make. I feel like I'm just spinning my wheels. What do you do? I work for your mortal enemy, a credit card company. Okay. How old are you?

I'm 29 right now. What do you do at the credit card company? I do IT. IT. Computers. Okay. IT guys are not my mortal enemy but so uh you make you're an it guy and you make 29 000 but they're offering you a raise to 49 000

correct by taking you off of payroll you won't be an employee you'll be contract exactly okay um what is your IT training? I've gone to school for it. I didn't finish, but I do have certificates. That's pretty much where my general knowledge comes from. I've been doing IT, I want to say now, for about 10 years. I think I was about 19. I can't tell exactly what you are doing. I mean, you have some of the Microsoft certs.

Is that what you're saying? Well, I have that, and I also have, like, the general IT knowledge. So I can do repairs. Well, at my job now, I do repairs, phone repairs, you know, pretty much the entire gambit. So you're doing a lot of hardware stuff. Correct. Okay. All right. Well, I think you're probably worth more than you're being paid lot of hardware stuff. Correct. Okay.

All right. Well, I think you're probably worth more than you're being paid. You need to go shopping. I was thinking the same thing, but I just wasn't sure if that would be a good idea. Well, it's not a bad idea because we don't know what you're going to find when you go shopping. If you find something, you know, I didn't say you need to quit, but let's go look and see what's out there. What kind of positions similar to yours are being paid $69,000 with full benefits. That would become what's known as a no-brainer between the three choices, right?

Absolutely. Yeah, so let's go find out what else is out there. And then the other part of the question you want to ask is, where do I want to be 10 years from now, 15 years from now, and which of these jobs takes me there? So even if one is not super exciting money-wise today, but it's taking me towards where I want to be 10 years from now, then I might want to be not super excited about the money, but super excited about my future. But what you said scares me. You said, I feel like I'm spinning my wheels. I do. At this current position, I do feel like I'm spinning my wheels.

What you're saying makes a lot of sense. Yeah, and so I'm going to really start looking out there long term. What have I got to do, and what are the steps I got to do, and let's get going. Yeah, that's very good. Great question, man. You got this. You can do it. Very cool.

Open phones at 888-825-5225. On Twitter, John says, David, I just paid off all my consumer debt, $79,000, 19 months. This year we start investing. Can you please give advice on how to handle the stock market diving? You know, I don't even notice when it dives, John, and the reason is I don't look at what it does every day or every week or every month. A guy ran into a guy this weekend. He goes, so, Dave, tell me where I can get 12%.

I said, well, this year. I said, well, you can't get 12% this year. This year the stock market lost money or maybe broke even. I didn't even look by the end of the year. I didn't even pull up what it did at the end of the year. But it's right around a break even for the year. You know what it did the year before? 19.

Okay, so what's the average? You know, close to 10%, right? And so, you know, what's the average over a long period of time on the investment that you're looking at and you say well you know if the average on my mutual funds is you know 11.8 percent 12.8 percent whatever it is long term and this year is zero does that mean i quit no it dove it didn't really dive. It broke even. But it didn't do what we all thought it would do, which is distressing. But overhaul, over the long term, I'm going to be fine. See, the only people that don't get hurt on a roller coaster are those that don't jump off. So ride.

Ride. Ride. This is the Dave Ramsey Show. Did you know that if you combine the data breaches that have occurred in the past 12 months, almost every American has had their personal info compromised or hacked? Over 50% of our listeners and viewers tell us that they or someone in their family has been a victim. And 70% of those folks have had it happen more than once. See, this is unbelievable. Once thieves get your info, the risk never goes away, and they can use it whenever and however they choose.

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That's Zander.com or 800-356-4282. happy new year america jacob is with us in los angeles welcome to the dave ramsey show jacob hi dave how are you better than i deserve man what's up dave i have a question about a leased car and what I should do. Okay. At the end of this month, I'll be making the last payment, and I'm looking at some of the options. When I first got the car, I was thinking about just buying it, and so I didn't get very many miles a year. Needless to say, I'm grossly over on miles right now, about 18,000. Whoa! At 25 cents a mile, you know, that's going to be $4,000 or $5,000 out of pocket.

We were thinking about buying it, so we have about $26,000 in cash right now. The car contract says the buyout price is about $24,000. It's after tax and fees, about $25,000. The Kelly Blue Book for private sale is somewhere between $19,000 and $20,000. It's after tax and fees, about $25,000. The Kelly Blue Book for private sale is somewhere between $19,000 and $20,000. So I feel like I'm going to be overpaying for a car. Now, I really like the car. My wife loves the car, too. But I don't know if I necessarily want to.

I feel like I'm going to be making a bad decision. If I do buy the car, I'm thinking about selling it. But I haven't got very many bites on, like, AutoTrader and some of these marketplaces. So I don't know. I feel like either way I'm going to be taking a loss. Yeah. Well, I mean, the value plus $4,500 is your threshold, right? $4,500 is your mileage penalty.

And so if the value is 19, then 24 is a deal by 500 bucks. If the value is 20, then you're in the hole 500 bucks. You're not getting a deal on this car at 24. Yeah, I feel like you're right. You're not overpaying $5,000 for it, though. I mean, you might be overpaying $500 for it. Okay. Well, you're overpaying for it, but you're going to give them $4,500 if you turn it in.

Correct. So that's on the table, right? So I guess what I would do is contact the dealership. Who holds the lease? It's GM Financial. Yeah. Contact them and see if there's sometimes on these things. Not always, but sometimes you can make them an offer at, you know, Blue Book,

and they'll take that because they're going to take the car and do what with it? Sell it. Auctions. They're going to run it down the auction line, and it's not going to bring 19 at the auction line. And so let's say it brings, you know, it's wholesale at that point. Trade-in value is what it's going to bring if they wholesale it. And they run their lease cars down the auction lines, what they do with them usually. So, you know, if they're going to do that, then they're going to get the equivalent of a trade-in value for this, which might be $17,000.

And $17,000 plus your $4,500 is less than the $24,000 they're trying to get out of you. So if you kind of make that case to them, look up trade-in value and call them and go okay you know i would be willing to pay you more than trade-in value because that's all you're going to get for it when i turn it into you because i got to give you 4500 anyway matter of fact i'll probably give you 4500 on top of trade-in value which is less than 24 what would you take for it and see if you can negotiate the price to that and then if you buy that car are you going to keep that car and drive it uh that was the thought yeah okay all right then you got the cash to do it then that's what i would do i'd try to get the price down under 24 okay yeah i called them and didn't look like they wanted

to play ball and then i called the dealership to see if they would you know buy and sell for me less to try to keep a customer kind of thing and it doesn't seem like any of them really want to do anything but i don't know i have until the end of the month i guess or end of next month to figure figure out if okay well you've already done what i told you to do then okay you're ahead of me yeah yeah i mean just take another run or two at it but here's the thing if you turn the car in and you bought a car identical to it, you're going to pay $20,000 for that car. Yes. And you will have given them $4,500.

That's 24-5. So if you like this car, I'd pay them 24 for it, worst case. Yeah. And keep it. And you got to, because you got the cash to do that. I don't want to. I don't want them to write it down. Every dime they write it down under $24,000 makes this much more palatable.

If the buyout on the thing was $27,000, I'd hand them the keys if they were hardcore. Because that's a $3,000 swing then. But you're right at a break-even. Which means they calculated this lease perfectly. That's what it means. Ouch. So they don't usually do that's what it means ouch so they don't usually do that by the way they're pretty good at it they don't usually lose money but this one there yeah so anyway just keep messing with them see if you can get them to cut it down

you know if you'll knock it off thousand dollars i'll take it somebody help me here i'm just trying to save you the trouble taking the car and running it, you know? Of course, for them, it's just a job for you at your car, so who knows? Good luck with that. But that's worst case. In your situation, I'm buying the car for $24. Worst case. I hate it, but I would do that. Hey, thanks for the call.

Open phones at 888-825-5225. See, the car fleece, we call it a fleece because you're being fleeced, is the most expensive way to operate an automobile. Every possible way that General Motors on that deal is going to lose money, they have covered. If the mileage goes up, they make you eat it. If there's wear and tear on the car that's excessive, they make you eat it. If you want to buy the car, you're going to pay freaking retail for this car,

more than retail for this car. And it's as is condition. And that's locked in on the contract. It's a closed-in lease. You pay the lease payments up to the last payment, and then you buy the car. Or you write a check and cover the mileage hole that you're in. When you put all of those factors in there and you figure what the MSRP on the car is, you can calculate out and figure out that their rate of return on the money they have used

while they let you rent their car, their rate of return on average on a car fleece is about 14.2%. It's like financing a car at 14%. This is what's known as freaking stupid. Okay, not that guy, but just everybody out there. Just for those of you, you know, I think leasing a car is stupid. It's the most expensive way to operate an automobile. And that guy's numbers were a classic case study of it right there. Again, I'm not picking on him.

I'm not yelling at him. I'm yelling at those of you that still think this is smart because it's not smart. You're renting a car, and any possibility of any loss by the manufacturer that's carrying the car fleece paper has been covered. They got it dialed in. They did $10,000 just like you last year, $25,000 just like you last year, and they've got this dialed in. They know what this stinking car is going to be worth. They know how much it's going to go down in value. You are covering all the loss of value in your fleece payments. That's how this works. They're not in this business to lose money.

They're not doing anything illegal. They're not scamming you. It's just the most expensive way to operate a car. The least expensive way to operate a car is write a check and buy it. And if you don't have a net worth of at least a million dollars, don't be buying a new car. Let someone else take the butt kicking on the depreciation. When you drive a car off the car lot, that sound when you go over the curb, blump, blump, was $5,000. Blump, blump, that's what it sounds like. That's what $5,000 sounds like. Bloop, bloop.

When your tires go over the curb. If you don't believe me, turn around a block later and take it back over there and see if they'll take it back. That's where you'll find out what you just lost. A new car loses 60 to 70% of its value in the next four years that's turning thirty thousand dollars into ten thousand dollars on a regular basis and scratching your head and wondering why you're broke if i tried to sell you a mutual fund that you put thirty thousand dollars in that turned into ten thousand every three years and that was its track record over the last 30 years you would

call me the biggest scam artist snake oil salesman on the planet. And yet you line up to buy these dadgum brand new cars and scratch your head and wonder why your kid's college funded and funded. Now, I'm not against a brand new car. I bought one at Christmas. But I got the dadgum money. That's the difference. And I'm not, you know, I'm not merely a millionaire anymore, even.

It's a multi-multi thing now. Because this stuff works. Oh, and by the way, I sold a whole bunch of books because I'm smart. So there you go. I don't like you, Dave Ramsey. I don't really care. I'm not running a poll here. I'm trying to help you people win.

That's why we got Chris Hogan out there selling you everyday millionaire books right now. So you can be an everyday millionaire. One of the things they don't do is buy new cars before they're millionaires. This is the Dave Ramsey Show. Your goal this year is to get rid of your debt, but here's the deal. In order to keep your momentum going past January, you have to make small changes that get quick results. That's why you need to attack your debts smallest to largest. I also recommend you look for ways to find extra money to pay off your debt sooner.

It's there, I promise you. Take a look at your mortgage. If you call my friends at Churchill Mortgage and request a five-minute checkup, they can help you find extra money. Churchill Mortgage Checkup has helped thousands of my listeners save big. In just a few minutes, the Churchill team can tell you how much cash they can potentially save you or they can restructure your mortgage to pay it off early. Become debt-free in 2019. Call Churchill today at 888-LOAN-200 or visit

ChurchillMortgage.com for your Churchill checkup. This is a paid advertisement. NMLS ID 1591. NMLSconsumeraccess.org. Equal housing lender. 761 Old Hickory Boulevard, Brentwood, Tennessee 37027 Bree is with us in Raleigh, North Carolina. Happy New Year, Bree. Welcome to the Dave Ramsey Show. Thank you, Dave. I see on my screen you're debt-free. Congratulations.

I am, Dave. Thank you so much. Well done. Well done. How much have you paid off? It's been, well, and I honestly, I didn't even do the final math interest calculation, but the starting total with 39 lines of credit was $120,000. Whoa.

Okay. And how long did this take you? It took me about seven years. Wow. And your range of income during that time? So when I started, it was about $60,000, but then fluctuated down. Also included a divorce in there, and then recently in about the $80,000 mark. Okay, cool.

What do you do for a living? I'm a therapist. All right. Good for you. And the debt was all lines of credit? From student loans, yeah. So when I pulled my credit report, because I wanted to give you, okay, how much have I even paid in interest over time? Because I honestly had that many lines of student loans that I couldn't even calculate all the math and go back and look far enough to see, okay, well, how long do I have to live at mom and dad's before I can actually live like a real person?

And looking at the debt that I had to pay off, it was $120,000 when I started. And, yeah, so it's been quite a journey. That's a long time to do $120,000. It sounds like you've been on quite a journey of life. How much of that was done recently? Have you kind of gotten the ball rolling and hit a bunch of it recently? Yeah, yeah. So about nearly three years ago, I had a bit of a career change, and it was hard.

You know, I mentioned that I was divorced within the last few years as well, and my spouse at the time was frequently in and out of jobs. So I was doing just a lot of all of our expenditures and my student loans just on my income, and it seemed like, okay, well, what can I do that is really going to get the ball rolling on this? And so I decided to become a traveling therapist and did that for a few years, which really, really helped because I was very stressed in the job that I was working at for the first several years out of school.

So how much did you pay off like in the last two years? Oh, God, in the last several years. So how much did you pay off like in the last two years? Oh, God, in the last couple years. It might have been about $40,000 in the last couple years. It was quite significant. Okay, all right. So once you kind of got past some of the drama, you've been moving the needle more on the math. Yeah, yeah, that's maybe a good way to look at it.

And, you know know i have a very supportive family and um my my brother is actually who turned me on to you he's a big fan of yours and um so what do you tell what do you tell people the key to getting out of debt is oh god honestly um staying focused and i feel like i hear people say that a lot on your show. So not to disagree with everybody, but I feel like that's a big part of it. And honestly, I feel like I'm, not to insult myself, I feel like I'm a bit of a slow learner. So it honestly took a lot of practice to be able to say no to things. And then you just kind of increasingly say no to things. And if, you know, you look at me and pictures from when I started getting out of debt to now,

my hair kind of gets darker because I stopped spending money on getting it dyed all the time. And I've actually lost probably 15 pounds just from saying no to going and eating out and things like that, which you've always said. But honestly, it took me time, even though I read your book, and it's like, yeah, this is really good advice, but it takes time to learn how to say no to yourself and to others, to be honest. Gotcha. Who was your biggest cheerleader? Your brother? Probably my brother. Yeah, my brother, John, and I mean, my parents are extremely supportive you know they are very religious

people and just my mom always saying that you know and I was so nervous to talk to you and I called her right before talking to you and she said you know this is a sharing experience and you know everything you do is it's you know just working up in a pyramid and it gets you closer to heaven and whatever you're doing and whatnot. And, yeah, and she just would always tell me, you know, don't worry about the money. You know, you're never going to live under a bridge because that's certainly how it feels sometimes whenever you have such a large amount of money to pay back. How does it feel to be free now?

Oh, my God. It feels incredible. And when I made that last student loan payment and my boyfriend was sitting next to me and I just cried, it's like all I could do was just cry. And I knew that I would be here eventually. But when you're climbing that hill trying to get there, and especially when you have setbacks and just personal problems that kind of kick you in the butt a little bit, I can't believe this is where I'm at, to be honest.

Way to go. We're proud of you. Congratulations. Very, very well done. Good job, Bree. All right. We've got a copy of Chris Hogan's new book for you. We'll soon be announcing that it's a number one bestseller.

It'll take us until about next week to prove that, but we're pretty sure that's where we are. It came out today. It's called Everyday Millionaires, How people built extraordinary wealth how you can too because that's your next chapter brie that's the next thing you do now that you're debt-free all right brie in raleigh north carolina 120 000 paid off in seven years making 60 to 80 while on the journey count it down let's hear a debt-free scream. Yes, thank you to my parents and Tyler and my brother John, my sister Aubrey and the Francis's in Winchester. And three, two, one, I'm debt-free!

That's how you do it. I love it. Congratulations, kiddo. Very well done. Proud of you. Man, I tell you what. Sometimes the numbers are impressive, and sometimes the stuff you fight through while you're doing some numbers is impressive.

And you just have to know where you are and which one's your deal. You can do this. You can do this. You got this. Open phones at 888-825-5225. Dustin is in Indianapolis. Hi, Dustin. Welcome to the Dave Ramsey Show.

Hi. Thank you for taking my call. Sure. What's up? Just a real quick question. I'm a firefighter. We have 457B, and I'm not contributing to it right now because I'm in Baby Step 2. Good.

But Nationwide manages that. And I know I've heard you say not to use insurance companies, and it seems like they're more of an insurance company than an investment company. Definitely. Is that all you've got? So 457, you don't have a 403B or a 401K also? No, we just have a 457. Well, we have a pension.

Yeah, okay. And a 457. Before I did anything in the 457, I would max out my Roth. Are you married? No. Okay, I'd max out your Roth, which is $6,000 a year once you get there. That's not going to take you all the way to 15% of your income. And then I'm going to investigate the options that Nationwide is offering in your 457.

457 is deferred comp, which means you're deferring. You're putting off your compensation. And if you don't receive the compensation, they don't charge you taxes on it. That's the reason it's pre-tax. Because you're just having this money you've never been paid yet. So instead of paying you, they put it in this account and don't pay you yet. That means it's deferred compensation. That's the concept of a 457.

And so if you can find some options that you're looking for two things on these nationwide options, you're looking for the stinking fees, which is where they'll kill you, and you're looking for the rates of return. And if they are somehow accessing mutual funds in that and you can get some stock market kind of rates of return, 10%, 12%, average over a large number of years, then I'm still going to put some in there. But my warning flares go off when I hear a life insurance company is running the 457B. That's not necessarily, well, 100% of the time, investing through a life insurance company is a bad idea. Is it so bad an idea in this case? Because it's not whole life life insurance. It's not universal life insurance. It is a bad idea. Is it so bad an idea in this case? Because it's not whole life life insurance. It's not universal life insurance.

It is a 457B. So, you know, it may not be a bad idea. It may be okay, an okay idea. It's never going to be something where you're probably going to look at it and go, wow, that's the best thing ever. That's just not going to happen when you hear life insurance around investing or insurance company around investing. That's just not going to happen when you hear life insurance around investing or insurance company around investing.

That's just not what they do. Well, you don't call the transmission store to get your muffler fixed. It's that simple. I don't know why we... So anyway, that's what you do. Max out your Roth. Coming up next, Chris Hogan's going to give us an update on the Everyday Millionaire Tour, calling in from

New York City to the Lowly Dave Ramsey Show. This is the Dave Ramsey Show. Well, this place around here is on fire, and this guy is on fire because today is launch day. That's right. For two years, we've been working on this project, and today the baby's born. Yep, Everyday Millionaires is happening and number one best-selling author chris hogan on the line with me from new york city hey chris how's it going out there oh i guess i need to push the dead gum button there you are how's it going out there it's going fantastic we've been super busy but having a lot of fun very cool well the appearance

on fox and friends this morning was amazing and it looks like you've had a busy day with some of the local television and radio appearances all over America, and certainly SiriusXM Town Hall, huh? Yeah, the SiriusXM Town Hall, Dave, was fantastic. It was loaded up with people there. We had an

opportunity to do an interview about the book. Then we took questions from the people that were there and we had a blast. Very cool. So what's the lineup tomorrow for your media? Well, tomorrow I've got some more to do today.

I'm going to be on with Jean Chatzky with Her Money Podcast here in just a matter of a few minutes. Then tomorrow I'm going to be meeting up with Women's Day. I'll be meeting up with Cavuto as well as Johnson Finance to kick the day off and some other things in the afternoon. And you've got Maria Bartiromo in the morning, right?

Yes, sir. Yes, sir. That's on tap as well. Yeah, on Fox Business. So lots of stuff. And the book signing tonight in New York, folks, is in the Tribeca area, the Barnes & Noble there on Warren Street at 6 o'clock. Make sure you come out to the book signing.

Whichever city Chris is in in the next three weeks, he's going to be all over America. And because the SmartVestor team has sponsored this, and the local SmartVestors will be there, and we're giving away $1,000, no purchase necessary must be present to win, so you need to come out to the book signing and sign up for that, even if you're not going to buy a book. But, of course, you're going to want an Everyday Millionaire's book because, well, you want to be an Everyday Millionaire.

Chris, the largest study of millionaires ever done, most of the conclusions of the study were fairly predictable but a few of them were shocking it really was dave i mean you know to see and to think a lot of people believe people are inheriting their money that's the only way that they were able to build wealth but to know that you know 83 millionaires didn't inherit anything that caused them to be a millionaire 79 didn't inherit anything that caused them to be a millionaire. 79% didn't inherit anything. And so these are people that are first-generation building wealth that are focused on being consistent over time. Yep, over time.

The 401K and getting their home paid off, avoiding debt, steady investing, these are the things we heard from them time and time again. It is. And it's the very same thing, Dave, that we've been teaching people at Grand State Solutions all these years. From seeing people win, it's not a surprise. I just want to help the rest of America to understand there is a plan, there is a process. And that American dream is available to you, too. So don't feel excluded.

Get included. Get a part and get plugged into the plan. Yeah, absolutely. And what we found is that this is not a thing of privilege. We found folks of every color, every region of the country, every age group. And really, the one thing that they had in common was they believed that their destiny was in their control. Yes, yeah. Ninety-seven percent of the millionaires that we study believe they control the destiny.

And whatever you're talking about, you're talking to over 10,000 people, 97%, well, that's all of them. That means these are people that are taking responsibility, they're focused, and they're chasing down their results. It changes everything. And, you know, the other thing was they didn't grow up for enriched families even. The vast majority of them were middle class to lower middle class, weren't they? That's right. Yeah, eight out of ten of them all grew up in families that were lower middle to lower income families. So, again, these were people that had struggles.

They had some problems. But they signed their own permissions. They gave themselves access to information, and they really started to grow in their knowledge of budgeting, getting out of debt, and also investing. You know, signing your own permission slip's a big deal. I remember in school that we couldn't sign our own permission slip. That's right. You had to have your parents sign it. But guess what? As adults, we get to sign that permission slip. So I just want to encourage everybody out there

listening, if you haven't already made the decision, get that decision made. Get plugged into Financial Peace University. Get plugged into EveryDollar and start to take control of your money. Well, the millionaire bus looked good on Fox as well. So you guys are having some fun out there, running around with a lot of energy around the first several days especially. And keep up the good work, Chris. We're proud of you. This is a great book. It's a great project.ris we're proud of you this is a great book

it's a great project and we're proud that you're the you're the front man on this thing this is going to be another number one bestseller for you well dave i thank you i appreciate all your support we are absolutely out here busting it and having fun and looking forward to day two in new york and heading on to chicago all right be careful we'll talk to you soon my man good times good times chris hogan number one best-selling author of the book Retire Inspired. That's his next number one bestseller. It's called Everyday Millionaires. How Ordinary People Built Extraordinary Wealth and How You Can Too.

Now, again, the book signings are tonight in New York City, Barnes & Noble at 6 o'clock. Chicago, Barnes & Noble on Wednesday night at 6 o'clock. And that's the Skokie Old Orchard Store, Skokie, Illinois area. And in Nashville here at Ramsey Solutions, we're going to be doing a town hall meeting that will be broadcast over Facebook and over YouTube for free and over about 63 television stations as well. I think you've picked it up now. And that's on Thursday night.

And if you've got one of the free tickets to that event, you can get your book signed, and we'd love to have you come out and do your book signing there in Nashville as well. It's at our organization here at Ramsey Solutions in the Brentwood, Tennessee area. And then Friday night, January the 11th, this coming Friday is Dallas, Texas, the Barnes & Noble at Lincoln Park. Chris will be there on Saturday. All of the Ramsey personalities will be in Dallas, including me, because we are doing the Smart Conference there,

the day-long event. It is sold out. Thank you, Dallas. We appreciate you guys and all of you coming in from all over the country chris will be speaking there on the subject of how to be an everyday millionaire and signing his books there in dallas monday january the 14th is aust houston texas tuesday is awesome wednesday next the following wednesday is san antonio and so on down the line. We'll keep you up to date, and you can find everything at ChrisHogan360 on where Chris is going to be, when he's going to be, where the appearances are, where you might be able to see him talking about this,

and which of the events that you can plug into and be signed up for that $1,000 giveaway. You don't want to miss that. This information is absolutely life-changing as far as I'm concerned because here's the thing. What you want to do is find out what someone is doing that is in a place that you're not, and then you want to do what they're doing.

Let me give you an example. I ran into a buddy of mine the other day, and he had lost 130 pounds. He lost a backstreet boy. I mean, this guy, unbelievable. I'm like, dude, like half of you is gone. What is the deal? And you know what I said then?

What question would you say to him? Not only out of mild curiosity to encourage him because he's so impressive, but also a little bit for your own information. What did I say to him? You know what I said to him? I said, how'd you do that? What'd you do? I want to hear the secret sauce on losing 130 pounds.

Now, you know what he told me. I exercise more and ate less, right? I mean, no kidding. We kind of knew that, right? But it's inspiring to have a guy standing in front of you that is doing something that you'd like to do, because I like cookies. I'd like to do that, and I want to hear how he did it. So what's thing how do you do this how do you become a millionaire well you don't talk to broke people with an opinion and you don't talk to people with political agendas that want to keep you broke and want to make you think that the government is your savior what do you want to do who do you want to talk to if you want to be a millionaire

millionaires who do you want to talk to if you want to be a millionaire? Millionaires. Who do you want to talk to if you want to be married a long time? You talk to people that have been married a long time. You've been married 14 times. I hope this one works for you. But I don't want to read your book on marriage. You've been married 65 years?

I'm going to have a conversation with you over lunch. What's up with that? I only got 36 under my belt. I want to know what's going on. So how do you find out going to have a conversation with you over lunch. What's up with that? I only got 36 under my belt. I want to know what's going on. So how do you find out how to be a millionaire? You talk to millionaires. We did. We talked to 10,000 of them.

And the results of those conversations and surveys are in this book. Everyday Millionaires. This is the Dave Ramsey Show. Hey guys, this is Blake Thompson, Chief Production Officer for the Dave Ramsey Show. Here's a tip. To keep from missing Dave's classic facial expressions to some of those calls, make sure you watch him live just visit daveramsey.com slash show each day from 2 to 5 p.m eastern