The Ramsey Show - App - It's Not Immoral to Aspire to Be Wealthy (Hour 3)

Episode Date: November 9, 2020

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, 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 am Dave Ramsey, your host. We appreciate you calling and being part of the program. Dr. John Deloney is our co-host today, Ramsey personality, author of the new Ramsey Quick Read, Redefining Anxiety. You need to pick up a copy of this. It's 80 pages long.

Our quick reads are a couple chapters worth. What it is, what it's not, and how to get your life back. Redefining Anxiety. If you have had issues with anxiety this year or recently, or you know someone that you love that has, this may give you a whole new perspective. The quick read comes out today, and be sure and check it out. It's only $10.

As I said, these quick reads are usually anywhere from 50 to 80 pages, that kind of a thing. I think we did one that was 37 pages. So it's the idea of you get some really good information in a very concise, quick read. I would say if you know people in your life this year that haven't been anxious, you should probably call someone and have them checked out. Well, everybody's had it. These are wild times. I think the difference in what this is,

this is not if you have ever felt anxious this year, though. That book's not for you. Nope. This is about if you've been diagnosed by yourself or anyone else as having anxiety or you have an anxiety disorder along those lines. That's what you're addressing with this, right? Yeah, and it's bigger than that. It's the ecosystem that we live is just unsustainable.

It's a mess, and people aren't being intentional with their living. They are being told that they're broken that they are machines and their their operating software doesn't work anymore and sorry about that we got some solutions for you they're going to cost you some money and force you down some avenues that you may have not considered and yeah it's just a way to way to reimagine life and get your life back tony is going to start off this hour in new york city hi tony welcome to the dave ramsey show what's up dave what's up john how are you guys great man how can we help Tony is going to start off this hour in New York City. Hi, Tony. Welcome to the Dave Ramsey Show. What's up, Dave?

What's up, John? How are you guys? Great, man. How can we help? Yeah, so I'm a 22-year-old college senior. I got one year left. I have no debt. My mom paid cash for the school, so I'm good.

Wow. I had a job back in March, but I lost it because of COVID. And so I just decided to sign up for unemployment because all of my friends were kind of doing it. And I ended up getting about 18,000 from unemployment. I'm getting that free money. I don't know if it's taxable. Actually, they took out taxes. And so I was wondering, like, what's like the best way for me to go so that I can basically like be financially or like what you call it, because I just found you yesterday, actually. Oh, my goodness.

Well, well done, sir. So what is your degree in, going to be in? So I'm studying finance. Okay. And the job that you had lined up was for after you completed your degree? No, it was just a job just for income, for money. Oh, I see. Okay.

And you graduate when now? I graduate in two semesters. So this time next year? Yeah, about. Okay. All right. Well, I think you hold on to that money to ensure that you graduate and continue the debt-free journey that you're on, which is absolutely awesome.

That's very, very cool. Have you hugged your mom today, Tony? Have you told her that you loved her and she set you up to win? I probably should, but I just didn't. Tony, every day you wake up, you go tell that lady, thank you for setting me up for a life that is going to be debt-free. Yeah, because it's just wonderful. Very few people get the gift that you've gotten here. Yeah, I know.

I'm very lucky. You are. I just wanted to know, what's the best way for me? It's not the best question, but it's very general. What's the best way for me to get wealthy? I don't want to say rich, like wealthy is like the best way yeah well either one's okay neither one are immoral it's not immoral to be rich it's not immoral you're not a bad person automatically if you're wealthy and so one thing you do want to do is

break that out of your head uh and and so because if you're other centered, you can do a lot of wonderful things with money like your mom did. Okay. She used money to do this wonderful thing for you and you'll be able to do that, uh, yourself many times over. So yeah, uh, it's a big question. It's probably too big for a radio answer. Uh, I'll tell you the biggest thing, a couple of things.

Number one is to be doing what you're doing now. Gather knowledge. Be very intentional with your money. Most people just kind of wander along and then wonder what happened. And if you'll just be very intentional, then that will lead you to doing a budget. That will lead you to living on less than you make. That will lead you to generosity. That will lead you to avoiding debt. That will lead you to investing. And those are the keys to building wealth. But no one does that accidentally. No one wins the Super Bowl on accident. It's an intentional act. And so just by asking the question, you've started that process of being intentional. So, Dave, there's a lot of media sensations that pop up with, you know, a couple of college friends come up with an idea and they have an IPO and they turn into overnight this is and that's.

Is it in your experience, though, that the vast majority of people who build, and I love that he already knows the distinction here to build wealth it takes a long time doesn't it yeah get rich quick just does not work right statistically uh it's so it's so rare and the interesting thing is those that do it very seldom keep it and so because they didn't build the infrastructure in their character to carry it and i like that it fritters away you build the muscles by increment by struggle after struggle after struggle because a muscle is a built by tearing a muscle is built by destruction by pain is not built by comfort and so that that gradual over a 10 12 15 year period of uh of staying out of debt, living on less than you make, being intentional, doing some things that your friends don't do, not doing a bunch of things your friends do do, you know, and that kind of a thing. You have a life, but you're just very smart and wise about it over a period of time.

That is how wealth is built. I talked to a young man this morning 35 years old came up to me and whispered he said i'm an everyday millionaire wow and uh works on our team really yeah wow walked up to me after staff meeting he said i'm an everyday millionaire 30 i said how old are you 35 i mean he said i started working your plan 12 years ago just out of college he said i've always lived exactly what we teach here, to the dime, to the penny, you know, intentional. And he makes good money, but he doesn't, you know,

he didn't get paid a million dollars a year, I'll tell you that. He doesn't make millionaire money, right? No, he doesn't make millionaire money, but he is. Right. Because he's just that steady, the tortoise wins the race, not the hare. Every time. Yeah. And that's the, you know, all the data we have on millionaires tells us that's how they do it and that same idea works for marriages for mental health for physical

health for weight loss yeah you said that right when i came on i don't even know if you remember saying that to me but you said john i've read that book the tortoise and the hare a whole bunch and the tortoise wins every single time yeah beverly still said there's no shortcut to any place worth going i love it it's just that's the process sorry tony good for you brother hang on tony we're gonna give you a copy of the book the total money makeover which has shown eight million people how to answer the question you're asking this is the dave ramsey show Ramsey Show. I get the privilege every day to talk to smart, creative entrepreneurs doing great things for our economy. GRIP6 is no exception. BJ and the great team at GRIP6 know how to truly create smart products

that are unique and makes everyone's life a little easier. That's why I'm so excited to announce to you that GRIP6 is expanding their innovative product line. You heard me. Along with their no-holes and no-flap and no-bulk belt buckles, they are adding an aluminum wallet engineered to be the quickest and most intuitive way to access your cards and everyday wear merino wool socks the socks come in ankles and crew with wool sourced right here in the usa and all of grip

six products are guaranteed for life folksP6 is rebuilding and modernizing American manufacturing with products sourced in the U.S. Give these products as gifts this season. To get the Dave Ramsey special, is my co-host today here on the air. Open phones at 888-825-5225. We are celebrating his first Ramsey publication, which came out today, a Ramsey Quick Read, which is an 80-page, couple of chapters book, a short quick read. The book is called Redefining Anxiety, What It Is, What It's Not, and How to Get Your Life Back.

If you're one of the many tens of thousands of people who are thrilled that Dr. John is on this team and has something to say, you can be sure and get in touch. He'll make sure you can get in touch with the bookstore, and we'll make sure we send you out one of these in return for a $10 bill. That's how this works. Redefining anxiety. Good stuff. Open phones at 888-825-5225. Wekus is with us in Albany, New York. Hi, Wikus, how are you?

Hi, good. Thank you so much for taking my call. I've actually just recently been introduced to your program, and I've been watching your YouTube videos online. My question was I've been thinking about getting a new car for about two years now, and this is like my dream car. And I wanted to, like every time I tried to buy it and I hold off thinking that I should save a bit more and then, and now I feel like I'm at a point where I should take the leap

and buy this car. And I just wanted to make sure I'm doing the right thing if not you know you feel free to yell at me i'm not gonna yell at you you sound like a nice young man i will instruct you firmly he yells at me weakest i'm not a yeller okay so let's talk let's talk. First thing is, are you paying cash? Yes. Okay, that's the first rule of thumb. The second rule is, I'm a boy. I love things with wheels and motors that go vroom, vroom.

I don't care what it is. A four-wheeler on the farm, the sea dew at the lake house or one of the boats at the lake house, the louder the muffler, the better because I'm a good redneck, right? And so I'm with you on car purchases. The thing I have learned is that the car, boat, Sea-Doo, RV are the largest things that we buy that go down in value. And, oh, boy, do they go down in value. It's pretty much just like setting $100 bills on fire when you buy a vehicle. Right?

And so the more of that you do, the less money you're going to have. And so the rule is that we use, and I use it personally as well, that I don't want things with motors or wheels or both that added all of them up equal more than half my annual income. Because I have too much going down in value while I'm trying to go the other way. Okay. So, what do you make? From my day job, I make $85,000. No, what do you make? What's your household income in a year?

$85,000. Okay. And then from my rental income, I bring in about $1,500 a month. So you own a rental house? Yeah. Okay. All right, so that's another $18,000. And there's no payments on that?

That's after I pay mortgage and taxes. Oh, okay. That's the net. All right, so you got another $18,000 on top of your $85,000. So let's call it $100,000, give or take, because you probably got some expenses on the rental, but give or take. Now, the car costs what? After taxes and fees, about $50,000.

Okay, so you're right on that bubble of 50%. Mm-hmm. What's the car? It's Tesla Model 3. I was gonna guess okay all right i have i mean i've saved up for it i have about 100 grand in savings as well okay and i don't have any other any other uh debt no credit card um i drive a 2007 toyota camry right now i got you so so here's the thing here's the thing. You can do this because it fits our guidelines. It's a 50% of your income or less, and you're paying cash.

Okay? So if you want to do it, I'm not going to yell at you. You would go ahead and do it. How old are you? I'm 32. Okay. Now, but let me tell you this the more often that you repeat this decision the less money you're going to have and you have done unusually good with money you have some money

so you're successful financially you're doing good stuff with money but just know that the more money we put in a pile in the front yard and set fire to it, the less money we're going to have. And that's basically what you do when you buy a car. So in other words, don't do this again in three years. Don't do this again in eight months. You know, that kind of a thing, right? Don't make a habit of being right on the bubble and having 50%.

Because I've got to tell you, I i got a friend of mine that made 10 million dollars last year what if he put 50 of his income and stuff that went down in value that'd be like mathematical suicide and so that's in a sense right where you are if you told me 60 i'd tell you not to buy it if you told me 70 i'd say don't buy it no way so you know you're smart you're wise in that it is pinching your emotions a little bit to do this um you know what you might do i don't know the model three because i don't know the teslas but um uh what you might do is back off and buy a two-year-old for 30 that would probably be a better way to scratch the itch then if you wanted to move up later you know you could move up later and into a another one oh wait a minute if a model three

is brand new i wouldn't do that yeah no because i don't buy brand new cars that's the third third thing unless you have a million dollar or greater net worth than you do not and going from an 07 camry to a model 2 tesla is going to feel like you landed on a rocket ship anyway right you i mean is the two the used one is that what it is because he said three i'm just assuming so okay i don't know what they are so i mean if you if you ask me about a pickup truck i probably tell you but okay so anyway yeah you if it's brand new, that's the other thing. I take it off the table. That's the other part.

And not because it's Tesla, just because there's anything. Because the largest loss in value is a brand new car. Right. You're going to lose, because this thing's going to lose 60% to 70% of its value in the first four years. That's the average new car. And I have no idea what Teslas do do but they are pretty much like anything um and you know yeah anyway so it's uh early in the days i tell people not to buy teslas because you might end up with a delorean oh gotcha because we know if he's gonna go broke or not but apparently he's musk is gonna pull this

out he's hanging on the fourth quarter. He's making it. So I'm not going to give him a hard time. But, yeah, that's – so I don't buy experimental stuff. You know, the first year of a brand-new car company is not what – I don't need – I waited a few years to get a VCR, right? I might want a DeLorean now. That would be cool, man. To have the back-to-the-future DeLorean.

That'd be neat, wouldn't it? And they're what? They're like stainless steel, right? They weighed like 9 million pounds. Yeah, but they can run on gigawatts. Well, there's that. So, yeah, if it's brand new, we're going to take that off the table.

But that's the whole discussion. Buy a used Tesla. It's a good... It might if that's what it was it might have been you i didn't ask him that before i let him go but um it's a great discussion because car payments listen if you're sitting with two car payments and you keep two car payments you are making a statement and putting it on the wall in needlepoint i want to be middle class my whole life because car payments that says you're buying new cars and and you got payments all the time and you're paying payments on things that are

going down in value and you 100 mathematically are destroying your largest wealth building tool which is your income and so you're just you're just making that statement you didn't mean to but it's like needlepoint. Grandma used to do. Oh, yeah. Framed right there. I want to be middle class my whole life. That's why I have two car payments.

And so now if you want to be wealthy, you drive the Camry. You drive the Camry. Yeah, until you're ultra wealthy. Yeah. That's it. Interesting discussion. This is The Dave Ramsey Solutions, Jake and Carrie are with us on the debt-free stage. Hey, guys, how are you?

Good. How are you? Welcome, welcome. Where do you guys live? Mascoutah, Illinois, so right outside of St. Louis. St. Louis folk, welcome to Nashville. Good to have you. And all the way down here to do a debt-free scream.

How much have you paid off? $90,838. Very good. And how long did that take? $90,838. Very good. And how long did that take? Two years and seven months. All right. Very good. And your range of income during that time?

We started out at $75,000 and up to $120,000 now. Very good. What do you guys do for a living? I'm a dental hygienist. And I'm an estimator for a construction company. Very good. Very good. So your income shot way up, really, over the last two years.

Very good. Excellent. What do you attribute that to? We both just kind of found out we were underpaid and took new jobs, same field, and jumped our income up. Yeah, once you start trying to get out of debt, you're looking for money, and you're going, I think I need more money. Yeah, that's a good thing.

Wow, very cool. You were almost underpaid by half. Yeah, I took a big pay bump when I moved companies. Wow, that's pretty impressive. Good for you guys. Yeah, well done. All right, what kind of debt was the $91,000? Just like $1,800 on a credit card, like $23,000 on a car.

And we found out like $500 on some medical that was in collections we had no idea about halfway through. And then all the rest was student loans. bunch of student loan debt okay 23 000 on a car no 2300 2300 you had a bunch of student loan yeah yes wow so we're talking like 80 grand worth yeah yeah okay oh my goodness very cool all right so what happened two months and two years and seven months ago that got this started? So it started a little before that. My brother-in-law, who's here, unexpectedly lost his job, and they started going through FPU and telling us about it. And so we kind of, us and my mom, my parents, jumped on the bandwagon,

and today we're all debt-free. Wow. So it happened to be a job loss that got everyone going. It's a family affair. Mm-hmm. I love it. I-free. Wow. It happened to be a job loss that got everyone going. It's a family affair. Mm-hmm. I love it. I love it. Wow.

Very cool. So he gets it started because he's freaking out, losing his job. Mm-hmm. And you guys jump into the class just kind of, okay, well, let's check this out. Yep. And went through Financial Peace University. Yep. All right.

Very neat. Okay, so you kind of wander in. I mean, you didn't have it was like yeah i'll check it out it sounds like right is that we had separate accounts and i was stressed because i paid all the bills and we cheated all we did i mean you were normal we just got married yeah so you pretty much just kind of stumbled into this thing because of the brother-in-law and then you go to that first class or second class or third class when did it click click and you went, oh, my God, we've got to do this? Honestly, before I started watching your show as soon as I heard about it.

I'm telling her everything, and I did the wrong approach where I'm like, no, we're selling everything and doing it. And she's like, whoa, no, we're not. So we went to the class and kind of got on the same page, started budgeting. We were paying over $1,500 a month in student loan payments. Oh, my gosh. Yeah, she's a dental hygienist. Her bull crap-o-meter is pretty high, right?

Yeah. How many people a week tell you that they floss and they're lying to you, right? Oh, yeah, all the time. So she's got you, man. She knows. Yes. So he comes to you and says, we're selling everything. The most lied-to profession in the world.

In the world is the dental hygienist. That's right followed by the uh person at the at the airline counter and as to why we're changing our tickets right so so he comes to you and says i'm gonna sell everything what's your response i definitely was nervous about at first i wasn't yeah and i didn't i wasn't for it at first i'll be honest so and i don't think i really was into it and believing it until we were really starting to see things paid off. I think when I said I'm going to sell my motorcycle to get it going,

I think that's when she was probably like, okay, he's pretty serious about it. As opposed to selling her car. Which we didn't have much cars to sell anyway. Yeah, okay. Wow, guys, very cool. So when people ask, and now your whole family's gotten out of debt, your parents, your brother-in-law, the whole bit, and they ask what's the key because you've observed it with your family.

You've also lived it. You're experts now on getting out of debt. So people want to know, in America, how do you get out of debt? What are the keys? I would say one of the things is dedication. And you've got to stay motivated. It's really hard. When you first start, you're fired up.

You're paying off all these little ones. But when you get three-quarters of the way through and you're trying to pay off a $12,000 debt, and it's just taking months and months, it's dragging on. I led FPU a couple times, so that was helpful. Yeah. Our whole family going through it. Leading it makes you do it even more than going through it. Yeah.

Yeah. I feel like hearing people doubt you helps you, too. Ooh. Huh. Ooh, you're a little competitive. A lot of our friends doubted us, so. Yeah, I'll show you. So now you get to say you know how you

like me now right yeah have a little toby keith moment we want you to call out every one of your haters right now just give us their names right now just sell numbers that's right it's like going back to the mean girl in high school oh my gosh wow well it is motivating people tell you can't do something it will mean especially once you've decided you're going to you're like i'll show you yeah that's good that is very good yeah there's a guy in the radio business that wrote a real nasty letter one time about how the dave ramsey show wasn't going to be worth anything it would never amount to anything and uh we framed it and put it on the wall in the radio area just to fuel us just pissed me off like a decade worth of pissed off yeah i mean yeah he's not in

the business anymore either by the way so uh and we are but i mean that's just yeah come on bring it yeah that i agree with not that dave hangs on to things or anything like that right i don't have any issues with grudges oh no dave if you don't know know, is actually Latin for the word grudge. So it's good. Guys, way to go. We're so, so very proud of you. So you guys were cheering each other on. You had people on FPU cheering you on.

You were cheering them on. There's a lot of positive around you too, right? Yeah, just to say that within the last three years, our whole family, my parents paid off their house. They're real people. We paid off in the last less than three years almost $330,000 between three families. Yeah, there we go. I like a family total.

That's good. Very good. Has this brought your family together? Yeah. You brought them with you, right? Yeah, they're all here. They're all over here holding on to the grandbaby, which is really hard work. Yeah.

How old is your baby? He's eight weeks. Eight weeks old. Eight weeks. Man. So y'all are in the thick of it. We had a goal. We had two things we wanted to do.

We needed to get a newer car because we had a two-door car and one without air conditioning. So we saved up during COVID, actually. And I know you tell people to pause, but we just wanted to get it done. And so we bought a $14,000v cash we stayed up for and then um we wanted to have that and be debt free before he was born so he didn't have to ever live with that there you go wow he won't his your family tree is changed and your dad's family tree's changed i mean that's that's this is very cool the generational we're looking at right here three generations very very cool way to go, guys.

I love it. Well, we got a copy of Chris Hogan's book for you, Everyday Millionaires. Of course, that's the next chapter in your story for sure. You are on the way. $120,000 income now and having paid off $91,000 over two years and seven months. Oh, they're going to bring this little baby over. Oh, you're going to scream with the baby? With the special headphones.

Oh, he's got the headphones on. That's good. That way we don't scare him and wake him up. Yeah. We've had some parents that just blew their kids. A little too excited. Oh, he's cute. Very fun.

Very fun. If they stayed a little out, I had 10. They kept growing up wanting cars and tuition. But, yeah, way to go, you guys. Very well done. All right, here it is. Jake and Carrie and Brayden from St. Louis area. 91,000 paid off in two years and seven months, making 75 to 120.

Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! Brayden never flinched. Not even a little bit. He's just still sleeping. I love it.

That's so cool, man. That is awesome. Look at it. There's three generations out there. Man, that's so neat. So neat. And a few tears, too. That's so cool, man.

Every time it's cool. I mean, wow. When you can change something like that, that's breathtaking. It is. So next time you lose your job, just go ahead and get your brother and sister-in-law out of debt. Your mom and dad out of debt. Your mom and dad out of debt. And yourself out of debt.

That's turning the negative into a positive. How's that for all things that work together? I love it, man. That's fun stuff negative into a positive. How's that for all things that work together? I love it, man. That's fun stuff. This is the Dave Ramsey Show. Thank you. Our scripture of the day, Matthew 5, 16, In the same way, let your light shine before others so that they may see your good works and give glory to your Father who is in heaven. Alex Trebek passed away.

Unbelievable, man. He said, don't tell me what you believe in. I'll observe how you behave, and I will make my own determination. That's it. That's it. There you go. I think I may have told you I was working, doing an internship with a child psychologist, and I had a young son at the time, and I was double dipping where I would ask, quote, unquote,

questions about clients, but I was really asking parenting questions. I'll never forget when I asked him, hey, man, how are you supposed to, what are you supposed to say to a young little boy to help him respect women in the appropriate way? And he looked at me and kind of smiled and said, you can say whatever you want, man, but he's just going to watch how you treat your wife. And if you want to teach your son how to respect women, then treat your wife right. And then he just walked into the next room, and that phrase, they don't listen to you, they watch you, just stuck with me, right? Rachel always says more is caught than taught.

That's right. Yeah. Yeah. So, you know, they were talking about Financial Peace University, all three of those family sets in that last debt-free screen went through it. Financial Peace University is one of the things that you get to go through when you are a member of the all-access membership at Ramsey Plus. Ramsey Plus is a year-long membership, and it has the best money tools and content. Everything is there. Financial Peace University, which actually works, every dollar, the premium version is there.

The Baby Steps Tracker, there are groups there that you can participate in. You can go to a local class. If there's a physical one being held in your area, some of them are, some of them aren't. There are tens of thousands of virtual classes going on right now you can get into, and there is no reason for you to not have the impact that that last couple and that whole family had. Over 6 million families, people, have gone through Financial Peace University. It is the class on how to handle money, and it is included in your Ramsey Plus membership

where you get all the tools, all the support, the coaches are in there, everything's there to make sure that you can do the stuff that we talk about here every day on the air. Can you white-knuckle it and do it by yourself? Sure. But why not put the world's best tools at your fingertips to make it as easy as possible? It's a difficult journey at best. It's very hard to do this stuff. But you can do it.

Oh, by the way, since it's all digital, you can download the workbook even. Everything's there right you can skip all the chaos it makes a great christmas giveaway so just go to davramsey.com slash store ramsey plus and uh if you want to give it as a gift if you want to just jump in and start doing it you can get a free trial as well and just check it out see how it works for you uh you can get started anyway and uh just go to DaveRamsey.com slash store, get in the store, and you can pick that up. While you're there, you can pick up John Deloney's new book,

Redefining Anxiety, What It Is, What It's Not, and How to Get Your Life Back. Anxiety, a top-of-mind concept, a top-of-mind subject these days, especially in the year known as anxiety when you look 2020 up it is the numbers that mean anxiety but um that's the ancient greek 2020 it's the numerology that's right now when you yeah that's uh hey dave i don't know if i'm allowed to plug it this way but i'm going to my wife and I use that EveryDollar app. Why? So it's not just something that's – Why would you not be allowed to do that?

Well, sometimes I just think it's important that some of these things aren't just pitches. These aren't just things that we put out into the marketplace, but these are things that we use behind closed doors too. Yeah. And that has helped – I actually told our team this morning, make sure you're going through Financial Peace University. And if you don't get a will and you die, I'm going to kill you. That's exactly right. Dave announced to the company, if you don't get a will and you die, I'm going to kill you.

Because we furnish a will as an employee benefit. That's right. You know, through the Mama Bear stuff and all that, right? And then they don't go get one that's free, I'm going to kill them. But this app, my wife and I use it. It helps us communicate. It helps us talk. It helps us stay accountable.

It's a good thing, man. I appreciate it. It's not something that we're just up here throwing out into the wind trying to sell. We use this stuff, too, and it's legit. And I'm an almost app-free guy. I like a pen and a paper, and this thing's great, man. Yeah. Oh, absolutely. Well, it is the world's best. guy like i don't i like a pen and a paper and this thing's great man yeah oh absolutely well

it is the world's best i mean our guys the the technology team that we've got on it it's so uh robust i mean it does everything yep and uh it's easy to use so and it's included you know the premium version that connects to your bank is included when you're in remsi plus it all ties together i mean you can go over and just do every dollar if you want to do that or you can go over here and just do this or just do that it's all together you can get a yellow pad and do it i mean you can do a budget with yellow pad you can you can live on less than you make you'll be all right you know you're gonna work it out it's just a matter which is the most efficient thing in the process that we've we've been doing this for 30 years so we've honed it in and knocked the rough edges off and and it's the least heavy lifting of a very heavy lift to completely change your life.

So, again, RamseyPlus at DaveRamsey.com. Just click into the store. Justin's with us in Arizona. I'm sorry, Glendale to be exact. Hi, Justin. How are you? I'm doing all right, Dave. How are you doing?

Better than I deserve. How can I help? Awesome. Well, first of all, I want to thank you? I'm doing all right, Dave. How are you doing? Better than I deserve. How can I help? Awesome. Well, first of all, I want to thank you guys for taking the call. I appreciate that a lot, actually. So I'll try to keep it as short as I can. My fiance and I, we recently had a baby six months ago, and we've been renting a home from her uncle.

And recently, her uncle came and told us that because it's a seller's market right now, he wants to sell the home. So he believes that when, I guess, when Trump's out of office, there's going to be a crash, I guess. So he told us we have until he's out of office to kind of get out. And right now I'm unable to work because of a workplace injury a little over a year and a half ago, and the pandemic pushed my fiancee out of work

you know two days before giving birth to our daughter uh so we have no verifiable like income to actually prove we you know have finances and due to really poor choices in both of our adolescents uh our scores are in the low 500s for his credit and when we've been trying to find places to rent we've even offered a year's rent up front and we've still been being turned down so you have the money with all that yes uh currently we have uh thirty four thousand dollars saved okay because we were we were trying to fix our debt issues with a lot of your methods that we had seen and that's how we were saving money prior to us both losing our jobs yeah how old are you two i'm 28 and she's 27 what's the nature of your workplace injury uh it's a neurological

issue i uh i was a semi-truck driver and i was lifting some rebar and it popped something in my back and due to that i ended up getting diagnosed with peripheral sensory anaxial neuropathy. So I have constant nerve pain in my feet and hands and back. So it's like electrical zaps, burning, throbbing, and then swelling. What is your long-term plan with all of that? Because that sounds very painful. What's your long-term plan for your income to provide for your child? Right now the doctors told me my best bet is to apply for a disability, which they've been trying to help me do, but it's a very long process. What did your fiancé do before she lost her job?

She was a food and beverage manager at a hotel. She would, I guess, manage the restaurant and parts of the hotel and do all the cooking like she helped with that she helped make the good news is that we'll be back and uh the good news is is that you're with what you're describing you have a pretty severe disability and so you would qualify it'll just take some time to get that through ssi is difficult you're dealing with the feds but um you'll get through what you've got to do is find a landlord who will listen to your whole story and not just look at your credit score if you told me your story and you showed me you had thirty four thousand dollars and you showed

me that she has that she's planning to go back to work as soon as she can find something in the food and beverage field uh and you're going to prepay for one year, I'm probably giving you a shot. If I look at you and you just convey irresponsibility all over the place, even with $34,000, I'm not giving you a shot. But there are reasonable explanations in your life with what's going on here. Now, are you going to get this average apartment manager that's 26 years old and works for somebody who's out of town to do this? No.

But you're going to find a landlord that has a small house somewhere that you can move into and go do that. So I'm sorry her uncle's freaking out, but probably better to get out of there anyway since he's freaking out. That puts this hour of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Hey, it's Kelly, associate producer and phone screener for The Dave Ramsey Show. If you would like to do your debt-free screen live on the show, make sure you visit DaveRamsey.com slash show and register. We would love for you to come to Nashville and tell Dave your story.