The Ramsey Show - App - Ken Coleman Joins Dave In Studio to Talk The Business of Careers (Hour 3)

Episode Date: October 18, 2018

The show about you

Music 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 am Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. 888-825-5225. At the bottom of the hour, Ramsey personality Ken Coleman will join us.

Ken is the host of the Ken Coleman Show, a very popular podcast and a show on Sirius XM 132, always about career, about your career, your passion, your talent, and how to find your way on the income side of this money equation. What are you going to do? What do you want to be? Where are you going? We'll be talking to Ken about that, and we'll let you call in and talk to Ken. As I take calls right now, we're going to leave the lines empty for Ken, and then Kelly will take your calls for Ken Coleman beginning at the bottom of the hour.

The phone number, 888-825-5225. Todd starts off this hour in California. Hey, Todd, how are you? Doing just fine. Thanks for taking my call, Dave. Sure, man. What's up? Hey, me and my wife are having a hard time trying to decide if we should sell our house in order to fund our emergency fund.

Our mortgage is $2,320. I pay $180 over to $2,500, and our HOA is $200. My monthly income is $54.53 and I'm debt-free. We drive old beater cars. Everything's paid off, but I can't seem to get past the $1,000 emergency fund. And I'd really like to fund, you know, the emergency fund and the 15% in for my kids' college fund. So you're telling me that your house payment is 50% of your take-home pay? Correct. That's going to be very difficult for you to prosper in that scenario.

Almost impossible. Yeah, and rent in this area is $2,000 to $3,000. Then you can't live in that area okay because you can't you can't have your housing costs be 50 of your take-home pay and make your budget work and you don't get a pass on math because you live in california right math still works there and so you've got them've got to arrange something to where your income. Now, what is your income doing? Is it shooting up?

Are you pulling a bunch of money out of your check to go to your 401K or something? No, sir. The only retirement I have is CalPERS. That's just forced to take out of my paycheck. Right now, like I said, we're just kind of trying to tread water. I can imagine. Your budget's very, very tight, even though you don't have any debt but a house. But when your house payment or your rent is 50% of your take-home pay,

it's almost impossible to make that work long-term. Now, you can do it in the short term if you know your income's shooting up or something else is going to move. I mean, is your income going to double in the next three years? Yes, sir. Okay. What do you do? I'm a water and wastewater treatment operator.

Okay. All right. Yeah. Okay, what do you do? I'm a water and wastewater treatment operator. Okay, yeah, and you're not going to see sizable increases unless it's through some kind of a promotion path that you're on. And so, yeah, you're going to have to have a different housing situation, dude, unless you've got a different career situation. Because, you know, again, you can do this for a year, you can do this for two or three years, but you cannot do it over the scope of 10 to 20 years and prosper

because you're house poor at that point. Your house is draining the blood out of your life, and you just don't have anything left here. You have no margin. You have no wiggle room. And so you guys have got to sit down and analyze, is there something we can do to get our incomes up substantially? Or we've got to look at living further out in a different setting where it's not as expensive.

I know California real estate is expensive. I understand. I'm in and out of California, in and out of Manhattan all the time. I understand these markets. I know the markets. But, I mean, it's almost impossible to live on the island of Manhattan unless you make $100,000 a year. You just cannot afford the rent, even on a studio apartment. And so that's what you're facing in your market there.

And, you know, we were talking about this in San Fran the other day when I was over there. You cannot afford to live in Silicon Valley unless you make substantial money. And Silicon Valley, as a result, is having a real problem staffing service-type jobs because nobody that does service-type jobs for typical service-type income can afford to live there. And so you run into all kinds of people are being bussed in to do labor type jobs and uh you know because they can't afford to live in silicon valley then that's that's just the mathematical facts of the situation so that applies to you and you've got to make some decisions are are we going to do something with our careers that allow us to live in this house or or we're

going to do in order to stay in that job and in that general area, we're probably looking at a more substantial commute. Amy is with us in Detroit, Michigan. Hi, Amy. How are you? Good. How are you, Dave? Thanks for taking my call.

Sure. What's up? What's up? Well, I am living Proverbs 22. I am slave to the lender. I have a lease. I am trapped in. The car was repoed last year and tried to get out of it, been trying to get out of it, and it's due now. The problem is I owe almost $18,000 on it. I'm over in mileage, so I owe another $4,000 in the overages. I'm sorry, wait a minute.

I thought it got repoed. It got repoed, and I got it back the same day, which I probably should have just let it go, but, you know, it was one of those things. I got it back. Okay, so are you behind on it again? I am behind two car payments, only because I'm right at the lease is actually due. It needs to be turned in, and I go back and forth with the dealership.

But, however, you know, what do I do? I owe the money. The bank won't approve me for, you know, all that I need. They're trying to get me to trade the vehicle in, which means I'm going to be rolling negative equity. I don't know what to do. I'm kind of panicking here. So you owe them how much on mileage overage? Total $4,000. Okay.

And how much are the two payments? The car payment, $368,000. Okay. And how much are the two payments? The car payment, $368. Okay. So $4,800. And your income is what? The income right now, I just rebranded my business in June, so I'm averaging between $3,000 and $5,000 a month. It just depends because I'm more of a service-based business.

I do decorative finishing painting and so forth so it just really depends on the nature of the work every given month and you're single um and i am single single mom two young kids okay and uh you have any money at all uh not much i'm falling behind how much do you have uh i've got about 500 in the bank today good okay good all right i'm just going to turn the car in and i'm going to get around to paying them the 4800 as quick as i can you can't pay it to them this month though and you definitely can't afford to trade it the lease is up no here's the keys i owe you four thousand eight hundred dollars i'll pay you when i can but not right now. Hold on.

I'm going to help you with this a little bit further after the break. Hold on. It's time to take another look at your budget. That means scouring every expense and making sure you're not leaving any money on the table. One of the biggest expenses is your mortgage payment. I recommend a quick Churchill checkup. In just five minutes, our friends at Churchill Mortgage can tell you if you could save some cash each month.

They've helped thousands upon thousands of my listeners keep more cash in their pockets through a smarter mortgage. I want you to call Churchill for your checkup and see if you can lower your monthly payment, or better yet, see how you can pay off your house early. Think about it. What could you do with your money if you didn't have a mortgage? Call Churchill at 888-LOAN-200, 888-LOAN-200, or visit churchillemortgage.com for your Churchill checkup. That's 888-LOAN-200, or churchillemortgage.com. This is a paid advertisement. NMLS ID 1591.

NMLSconsumeraccess.org. Equal housing lender. 761 Old Hickory Boulevard, Brentwood, Tennessee 37027. Ramsey personality, Ken Coleman of The Ken Coleman Show, talking about careers, passion, talent coming up at the bottom of the hour. If you've got questions for Ken, the phone number is 888-825-5225. All right, we're talking with Amy in Detroit, Michigan. She's making $3,000 to $5,000 a month. She has a $4,000 mileage overage on her lease that she turns in now, plus she's two months behind on the payment.

That's a $4,800 bill. So, Amy, you take the car into them when the lease is up, and you hand them the keys, and you say, send me a bill. I can't pay you today. They're not going to like that. I don't really care. There's not a lot you can do about it. Agreed?

Agreed. But what about what is owed on the car which left like the 18 000 i just there's nothing you don't know you don't know anything on 18 000 when the lease is up you pay the mileage overage and you pay the last two lease payments that's all you owe okay you don't know the 18 000 you know the 18 000 if you're going to buy the car but you're not going to buy the car you're too broke to buy this car right This car is not going to be a blessing. So then the next thing we're going to do is we have to figure out a way to scratch up $1,000, $1,500 as soon as possible

to get you some kind of beater to drive around. Okay. And then once you've done that, then you start working your way out of your debts, which includes $4,800 on your car you used to have. Right. What other debts have you got? Student loan, about $15,000, and in credit cards, about $25,000.

How old are your babies? That's it. 11 and 9. Okay. Okay, it's time for you to turn this around, and I'm going to help you. Yeah. I'm going to help you. I'm going to help you. Okay?

I want you to go to Financial Peace University. I'm going to give you the one-year membership, and I want you to go to the nine lessons at a local church, and you've got one year of access to all the online stuff, including EveryDollarPlus. It's about $400 or $500 worth of stuff. I'm going to give it all to you right now. But you've got to do every bit of it. If you do every bit of it, I'll walk with you and I'll help you. And you call me anytime I can help.

Okay? Hold on. I'll have Kelly pick up. In the lobby of Ramsey Solutions, Leslie is with us. Hi, Leslie. How are you? I'm good, Dave. How are you? Better than I deserve. Where do you live? Indianapolis. And how much debt have you paid off? $98,000. And how long did that

take you? Five years. Wow. And your range of income during that time? paid off? $98,000. And how long did that take you? Five years. Wow. And your range of income during that time? Start about $55,000 and about $72,000 right now. Cool. What do you do for a living? I am a cytotechnologist. A what?

A cytotechnologist. I sit at a microscope all day and look at biopsies for cancer. Gotcha. Okay. All right. Thanks for explaining that because I did not know what that meant. All right. Good.

And what kind of debt was the $98,000? Well, the first $20,000 was a car and a little bit of personal loans, maternity fees, and then the other $78,000 was all student loans. Attorney fees. Just like child support and custody issues. Divorce stuff and all that kind of stuff. Okay. All right. And so you're single.

Yes. And you make $55,000 to $72,000 over the last five years, and basically you've whittled away at this like $20,000, $25,000 a year. Yeah. It was... Took a while. I wanted it to be like four years, but there's a lot of stuff that happened. Life.

In the middle of all that. Yeah, life. Life, yeah. And you kept trudging anyway. Yeah. Wow, what perseverance. I'm so proud of you. Yeah, thanks. you kept and you kept trudging anyway wow what perseverance i'm so proud of you thanks so how are you able to keep going because that's a long slog uh well after the first year i was like yeah this is great 20 000 you know and then

the middle three years um my son he had like eight surgeries um and then in the middle of that like six of those surgeries or five of those surgeries were actually in Los Angeles. And it was one surgery that turned into lots of things that happened. And we just have to kept going back out. So, you know, six trips to Los Angeles and then come home. And he had some other issues, neurological issues and stuff. How's he doing now? Oh, he's great now.

Okay. It just slowed down the dead snowball. It just slowed it down. But you do the most important stuff first, which is your baby. Well, yeah. I mean, that had to come first. Absolutely. No question.

Well done. Well done. Thanks. What started you on this journey? Well, I was actually just at work one day and didn't have anything to listen to. And I asked my friend what she was listening to. And she said, oh, I'm listening to Dave Ramsey podcast. I'm like, who's Dave Ramsey?

So I was like, well, I'll give it a try. So I started listening. And then this was about five, six years ago now. And I started listening and started thinking, well, I can really do this. And I had a 13-year-old daughter at the time and started wondering how I was going to send her to college when I had $100,000 in debt. I didn't want her to be 40. How did she go to college? Well, this was her first year.

She just started, and she's staying at home and commuting to school, and we pay cash. Ding, ding. For the first year. You did it. Single mom sends a kid to school while she paid off $100,000 in debt. Yeah, yeah. Look at you. Look at you, rock star.

Well done. Thanks. Very, very well done. So what do you tell people the key to getting out of debt is? Well, definitely have to stick to a plan. You know, every time I got paid, I knew what had to go to bills. And then everything else went to that debt. You know, I didn't go shopping.

I don't have, I still don't have cable. And you're alive. I'm alive. Just things became more important than new shoes and new purses. Yeah, kids going to college, kids' surgeries, getting out of debt. Yeah, just real things. Yeah, real things. Not what's happening on cable.

Right, right. Look at you. Wow, that's amazing. Very, very, very well done. How's it feel? Must be tremendously satisfying. It is. It is.

I had a $1,400 car repair last week, and I was able just to swipe my debit card. Yeah, just fix it. No problem. It was an emergency, and I didn't even think about putting it on a credit card. There you go. Never again. No, never again. Never again. Never again. I assume they're all cut up yeah oh yeah oh yeah no question all right good for you well done yeah thanks well done so who's your biggest cheerleader uh well um my co-worker

my friend i should she's more my friend than my co-worker Judy. She's been beside me the whole time and cheering me on. And my friend Martha and my parents, of course. And my kids. My daughter's 19 and my son, he's 8. So my daughter is a real big, she sacrificed a lot. But she understands, I think. We pay cash for her first car. She's making it.

And we're sending her to school cash. Oh, you're her hero, without a doubt. That's very good. Very good stuff. All right. I love it. Well done. We got a copy of Chris Hogan's book for you, Retire Inspired, number one bestselling book.

That is the next chapter in your story, to be a millionaire. Yep. And you're going to get to tell me that story someday. I can't wait to hear it. Yep. And outrageously generous along the way. You're going to find some single mom, send her through financial peace. Sure.

I'm sure you will. I will. Well done. Well done. Leslie in Indianapolis, $98,000 paid off over five years amongst surgeries and sending babies to college and everything else, making $55,000 to $72,000. Count it down. Let's hear a debt-free scream. Three, two, one.

I'm debt-free. Yeah. Woo-hoo. Yeah. Baby, I love it. Excellent, excellent, excellent stuff. Again, Ken Coleman joining us at the bottom of the hour. If you want to jump in, we'd love to have you.

The host of The Ken Coleman Show. The phone number here is 888-825-5225. Guys, we've been talking a lot about this millionaire mindset around here. The Everyday Millionaire's book coming out by Chris Hogan in January. It's on pre-sale now. Here's the one thing that you can do today to take care of the little things before they become big things. Check in on all the different areas and make sure you've got yourself covered in these areas.

And you can see if you've got the right stuff done, and if there's too much, it sounds tedious, and if you're doing it on your own, it would be tedious, but we've built a tool that will show you what you need to do and what you need to fix in about five minutes. It's the best thing you're going to do all day. It's the five-minute coverage checkup, and all you do is text the word CHECKUP to 33789 or go to DaveRamsey.com slash CHECKUP,

but it's a free tool takes about five minutes it's a five minute coverage checkup to make sure you're doing the stuff to take care of the little things so they don't become big things one of the things that keeps people from becoming wealthy is they sabotage themselves by not having things in the right order here right

there we go it sounds tedious you know but you can do this. Text the word CHECKUP to 33-789 or visit DaveRamsey.com slash CHECKUP today. Coming up next, Ken Coleman, along with me, answering your questions about career, about your future. He's the host of The Ken Coleman Show, Ramsey Personality. We'll be back with Ken momentarily. Identity theft has become an epidemic. Data breaches are being reported every day,

and hundreds of millions of people have had their identities stolen, sometimes multiple times. That's crazy. Now, I've seen firsthand when people are stressed and freaked out when they become an identity theft victim. And those who have credit or ID monitoring plans find out really quick how unprotected they are in so many ways. That's why adding Zander's ID Theft Plan to our benefit package was such a smart move.

Zander's plan covers all types of ID theft, takes over all the work, and even covers your bank account if it gets hacked. I know my team is getting the broadest protection available and can focus on their family and their other priorities instead of being freaked out. Whether you're a family or a company looking to help out your team, you need to check out Zander's plan. Get a quick, easy quote at zander.com or call 800-356-4282. It really is the best value out there.

Zander.com or 800-356-4282. Around here at Ramsey, we help people have better lives in their business, in their leadership, help women operate businesses with Christy Wright's Business Boutique, equipping women to make money doing what they love, help you get out of debt, help you be wealthy, help you be an everyday millionaire with Chris Hogan, help teenagers have a better life with Anthony O'Neill, and on and on and on and on. And that includes the career space with Ken Coleman,

the Ken Coleman Show, which has helped you. It helps you discover what you were put here to do and then how to go do it. That's what it's all about. Ken Coleman, Ramsey personality, joins me this half hour. If you want to talk career questions, we got the man here. The phone number is 888-825-5225. Welcome back, Ken.

Thanks for having me. Always fun to be with you. The SMART conference in Kansas City last weekend, phenomenal. You did a great job presenting. That really connected, didn't it? Thank you. Yes, it was exciting to see people jot down some of the things we were talking about that practically allow them to get where they want to be. You know that. I mean, we can all envision a mountaintop,

but then it gets real scary when we start thinking about how do I scale that mountaintop? And so we talked a lot about the proximity principle and gave people some ideas on the right people they need to be around and the right places they need to be in. Because if you want to do something, you need to be in the proximity of that thing. That's it. Here it is. The proximity principle simply says in order to do what I want to do, you fill in the blank,

then I've got to be around people who are doing that and in places where that is happening. So think about that. When I'm around the right people, they help point me to the right places. And then when I go in those places, and we're specifically looking for three things in the right places, where I can learn, where I can do, and where I can connect. And, Dave, when I'm in the right places, I inevitably am going to meet more of the right people. And so it becomes this cyclical process that is so profoundly simple.

It should demystify the path to getting where I want to go. You're an example. And here's what's great about this. No matter how successful you get, you're always practicing the proximity principle. You're continuously looking to get around the right people, whether it be for personal reasons or professional reasons. You like to sit down with billionaires. You want to learn things about these men and women. And you're constantly thinking about, what are the places I need to be in or where does Ramsey Solutions need to be? This is a very simple principle that no matter where you're at in life, if you want to get

somewhere, you have to practice proximity. You know, I've noticed that happening here in our little burg outside of Nashville, Franklin, Tennessee, has ended up becoming a melting pot for people who write in the self-improvement space. That's interesting. And who speak in the self-improvement space. I mean, I've been here all along. Mike Hyatt has been in this space as a friend of mine down the road. Donald Miller moved here in the last couple of years.

Ian from Enneagram. Ian Morgan Crone. Ian from the, wrote the Enneagram, moved here about the time that book took off. There's probably a handful of others that I'm just not even thinking of mentioning right now. But a lot of movement, and it just seems to be this thing happening, and it's almost like an artist community, like Asheville, North Carolina, very much an art community now. And you get around the things and the people and the places that something's

happening and then you have a better chance of pulling it off that's right and uh it's not that that donald miller or dave ramsey or mike hyatt interact or ian every day we certainly don't but we all know each other and we've all interacted and we've all helped each other that's one way or another uh sometimes it's just a drive-by nothing real fancy but it is uh very much all within about five miles of each other here, you know, as an example. Yeah, here's what happens. When you get around like-minded people, then there is a natural force, if you will. It's almost magnetic that they are going to pull you into their orb a little bit just by their example.

And, you know, there's a guy that you and I both admire. I never had the chance to meet him, Charles Tremendous Jones. It's a famous saying that said, who you are five years from now is largely dependent on the books you've read and the people you meet. And we've also heard the age-old colloquialism that nobody can attribute it to anybody, but it's not what you know, it's who you know. So again, what we've done here on the show with helping people try to demystify or take away the fear of getting where they want to go is by showing them this is a process. It's not going to happen overnight.

It might take you four years of putting yourself in proximity to the right person. For me, Dave, you know my story. You watched it from afar. Eight years. Eight years of small, itty-bitty baby steps of putting myself around the right people and in the right places, doing the hard work, learning,

being humble, hustling, staying hungry, and then you get an opportunity at some point. Everybody's story is different. But as I said Saturday in Kansas City and the crowd kind of laughed at this i'm not selling microwaves on the ken coleman show we're selling good old-fashioned crockpots it's the slow cook that's how meat is best prepared that's how meat is best consumed there's something to the slow cook that really will allow us to fully develop and fully be who we want to be. And it's going to take some time. Very cool.

Good stuff. All right, let's jump in. Ryan is in Atlanta, Georgia. Hey, Ryan, your question for Ken Coleman. Hey, gentlemen. So I've got a business. I've been in business for 16 years. About the first 19 years, it was me hustling, labor, doing everything.

For about the last six years, I've been able to replace myself in the labor. I make a decent living now, but I'm just content. I'm kind of happy with where I'm at. My question is that, I mean, I don't know. I mean, is it bad to plateau like that if I'm content? But there's definitely room to grow. So my question, I guess, was I'm not sure which direction to head because I'm at a spot where I'm fairly happy.

But why are you? So tell me why you're happy. Define it briefly. Well, I think possibly, and I ask myself this a lot, maybe my dreams aren't big enough possibly, but I'm happy because I brought my business close to home. I don't travel a lot anymore, and I've got time. And I guess there's money there, too.

Yeah, well, congratulations. Well done. It's almost like you're feeling a little guilty for being content. You know, Dave preaches contentment. Rachel Cruz almost wrote an entire book on contentment. Contentment does not mean that you're in a bad place. I think you're happy, you're thankful, you're grateful. You've been able to work hard and get into a new space.

I think what you're feeling is the itch to continue to challenge yourself. And by the way, that is also a good feeling. You can be content, meaning I'm grateful for what I have, but I'm not happy with who I am. So I'm very content. I am honestly living the dream. This is the greatest time of my professional life. I'm having a blast.

However, I'm not happy with who I am as a husband. I'm not happy with who I am as a father, meaning I can be better. So I can be content and grateful, but also want to continue to improve. I think if you've got a great business, I'd like to see you. I think you've become successful. Yeah. And that's what it amounts to.

That's exactly right. Congratulations. Well done. The thing I did when I kind of hit the same place you are, was I started the first stage of business, and you've passed it substantially, is to take care of your family and to survive, and for the business to survive. And then once you get past the desperation of that stuff, then the thing starts to you can control some of the variables,

and you brought in somebody to do some of the work you didn't want to do, and you brought it closer to home. And you're making good money. And so that's the next step. And that's what I do as an example. When I hit that stage, people started saying, well, you'll never be successful in radio if you stay in Nashville. All the big radio shows are in New York or L.A. And I'm like, well, I'm not going to be a big radio show then because I'm not going to live in New York or L.A.

I don't mind visiting you people, but I'm not living there. I like Nashville. And, well, you've got to have a seven-minute commute, and I live in a huge freaking house. I'm not leaving, you know. And so that's where you get to. So then I start to go, how can I expand this without – how can I expand it and scale it without destroying the parts that I finally achieved? Yes. And so can you hire some people?

Can you expand your product lines? Can you make it digital? I mean, what can you do to grow the business but do it from a position of contentment now that you've got the variables controlled? That's right. And that's the way to go at it. So I think you're doing great, man. It's a good answer, Ken. Very's right. And that's the way to go at it. So I think you're doing great, man. It's a good answer, Kent. Very good answer. Ken Coleman, Ramsey Personality, joins us this half hour with your questions about what you want to be doing and how you're going to get there.

Pretty simple stuff, but not simple at all. This is the Dave Ramsey Show. Thank you. Proverbs 17 and 27, a discerning person keeps wisdom in view, but a fool's eyes wander to the ends of the earth. Robert Shuler said, never cut a tree down in the wintertime, never make a negative decision in the low time, never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass.

The spring will come. I've never heard that quote from him. I thought I'd heard all the Robert Schuller quotes, but that's a good one. Ken Coleman, Ramsey Personality, joins us this hour. You can hear his show on SiriusXM. And we are on 132, is that right? No, 121. 121 and 111.

Yes, sir. Yeah, 121 and 111. And, of course, the podcast is rapidly exploding as well. And the Ken Coleman Show is all about figuring out what it is you're here to do and how to get about the business of doing it. And Ken is really good at leading you in that process. Jody's with us in New York City. Hi, Jody. Welcome to the Dave Ramsey Show.

Hello. Thank you for taking my call. I really appreciate it. Sure. What's up? Okay. So I've been in the same industry for quite some time like 20 years and i've always had an interest in the aviation world um that's not

what i'm in now but i currently an interest your phone broke up an interest in what aviation Aviation? Pilots? Okay, gotcha. Okay. So I'm out of debt, and I've saved up my emergency fund. I have two children, three and five, and I'm just wondering if I would be selfish to go through all the training into becoming a pilot, because I feel like it's a calling for me, but I'm not positive. And I'm just wondering if I should step into that world or if I should just continue doing what I'm doing and saving and then retire. I mean, that's pretty much where I'm at right now. And I don't know what to do. I'm just kind of stuck.

Well, what would be wrong with becoming a pilot? Well, I've researched it. It costs about $80,000 to do that. Mm-hmm. And it would pay out. What do you make now? I make $55,000. Pilots make a lot more than that.

So if you spent $80,000 and you made twice as much as you make now, that would be a good return on investment. So that's not a problem. What's the rest of the problem? I guess time away from the family. Now that's real. That's real. But let's look at that.

Have you done the research? What is that going to, based on the cost, and you're going to do it cash. So that's another issue. You're going to do this cash, so it's going to take a little bit longer. It's going to take a while. I understand. But are you willing to do what it takes to be in the air and fly? I think I have to put my foot forward and at least attempt it and try and see where it goes.

I mean, just to get your pilot license alone is $10,000. So if I felt like it was there for me, then I would probably say, yeah, it's worth it. I think the answer is unequivocally yes. I don't think it's probably yes. I think your heart is so clear everybody on the air can hear it. Here's what I'm telling you, though. You don't need to feel any guilt. Here's why.

You've done the Dave Ramsey plan. You're doing the plan. You're going to continue to work in that job that's making you 55 000 you're going to cash flow as you go and because this is going to take maybe five seven years i'm making that up whatever it is you're going to do it as you go and that means you're not going to sacrifice that much time away from the kids number one number two you're not going to starve because you're going to stay in that day job while you're pursuing the dream job. And by the time you get ready to be gone some being a pilot, the kids are going to be a lot older.

And the kids are going to see that mom set her mind to something and pursued it the right way and is happy and fulfilled. What a tremendous life lesson and example you're going to be. I don't see why you should have any guilt at all. In fact, I think you should be fired up about it and take one small step today. We might even guilt you if you didn't do it. Exactly. Thank you. I really appreciate it.

Thanks for the call. Now, the reality is, were she going to be a corporate pilot today, she might be going a lot from little kids. Of course. And that might not be a lifestyle that fits. That's right. But this is a process. Of course.

It's not a snapshot. These are not instantaneous. That's right. You can't just push a button and decide you're a pilot. No, this is going to take some time. No pun intended. But let's play this out real quick, folks. You heard this.

If it takes her day five to seven years between the $80,000 cash flow plus the classes and all the training that requires to become a pilot, she could still stay in that day job, begin to do things on the side. Maybe she flies some tours on the weekends. Again, the kids are still maybe early teens. But just five years removed from that, they're out of the house, and then she can go full-time. But she can actually fly part-time. I mean, we have to look at the big picture and this lady wants to be in the skies and she can do it well i gotta tell you the problem with that thing

is it's addicting from what i hear oh yeah i'm not gonna start because i know what would happen to me i would get you like fast car so i know you'd like i can't imagine how bad i'd get sucked into that that would be a bad idea you need to get your pilot's license no i don't yeah i can tell some things i don't need to start because I'll have to finish them. Look, it's a bird. No, it's Dave Ramsey doing barrel rolls. It's a pretty scary idea in so many ways. Barb is on Instagram, Ken.

She says, I have over 20 years of experience. Should I have a two-page resume with all my jobs listed instead of the suggested one page? No, which is why I suggested one page. But let me explain why. I love those questions. No, we thought this thing through. Here's why. The average hiring manager, Dave, is spending somewhere between six and 60 seconds scanning a resume.

So they won't see all two pages anyway. So if you look at the Ken Coleman Show resume template, how to fix your resume, it's at KenColemanShow.com. It's absolutely free. Give it a read because we actually show you what to do, but we explain why you're doing it that way. And it's based on research. So if a hiring manager is looking at that for less than 60 seconds, they want to see what's most relevant to them to see if you can help them win. That's all they care about. They don't want to be impressed with you. They want to know, can this guy or gal help me win?

Hiring manager is not your mother. They don't care. They don't care. It all started on a sunny hillside in 1962. Oh, God, just shoot me. Exactly. Well, you've heard the phrase, what have you done for me lately? Yeah.

I think you ought to apply that to your resume. We don't care about what you did 20 years ago unless, Dave, it's relevant to the current role you're going for. And it almost never is. I think that's safe to say. Almost never. So, no, I think you should do one page. We've designed this resume template to be a brochure because, folks, that's what it is. I graduated with a degree in computers in 1974.

That is of no help today. Exactly. You can't even spell computer now. It's completely different. It's a completely different world. So what have you done lately that involved a computer or technology? Is it relevant? It's everything about that.

KenColemanShow.com. You can download the resume template, but resumes by themselves are worthless. They're completely worthless. And I love that because it shocks people. But, Dave, you know this is true at Ramsey Solutions. It is. You can give the data. The reality is, folks, that if someone's not walking your resume in to the person who's hiring for the job and said, hey, I know this person through a friend of a friend or I know them personally and I think they're a solid individual, you ought to give them a look.

You're buried inside of a pile and it's like playing the lottery to get your resume noticed. So that's what we mean when we say you've got to do the work to get a connection so that a relationship is attached to your resume. 15,000 applications here last year. We hired 200 people. Case in point. And it's logistically impossible for us to look at every one of them with a serious eye.

And not to mention, you motivate us, each one of us, to go find eagles to bring into this organization. You want to keep crazy out. So we're incentivizing Ramsey's List just to bring in somebody that we know can fit the culture and can obviously fit the role. That means competency, character,

those types of things, culture fit. So that's why it's so important that you have a relationship. You can download the resume template, but don't use it by itself. That's what we're saying. It's completely free at KenColemanShow.com. If you have questions and you want to talk to Ken on his SiriusXM show or on his podcast, which are the same thing, They're put out there. The phone number there is 844-747-2577. You can follow him on Facebook or Instagram,

at Ken Coleman Show or at Ken Coleman on Twitter as well. He's got a book out called One Question, Life-Changing Answers from Today's Leading Voices. And again, Sirius 121 and 111 is where you'll pick up the show on Sirius XM. Ken Coleman, thanks for stopping by. Always fun, Dave. Thanks. Always good to have some help for folks out there trying to get their career aligned with

their passions. 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 Blake, Chief Production Officer for the show, and here's a little tip for 2018. Go download our revamped Dave Ramsey Show app from the App Store.

We're always listening to your feedback and adding new features to make it even better. Check it out.