The Ramsey Show - App - Loan "Forgiveness" Comes With a Price (Hour 3)

Episode Date: April 3, 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'm Dave Ramsey, your host. Thank you for joining us.

Open phones at 888-825-5225. That's 888-825-5225. Ken Coleman, Ramsey personality number one, best-selling author of the book The Proximity Principle, joins me this hour. We'll be taking your calls for him as well on the subject of jobs. There'll be a subject people want to talk about. And, you know, people losing jobs, people getting jobs, who's hiring, questions about career, all of that in the middle of this corona crisis is top of mind, as well as the money subject is top of mind. The medical subject we are not qualified to speak on. Like everyone else, we've got opinions, but they're useless.

It's true. Even though I got a great night's sleep last night, I still cannot comment on the virus. The phone number, 888-825-5225. Elizabeth is with us in Texas. Hey, Elizabeth, how are you you i'm doing good how are you today better than i deserve what's up so i'm looking for some advice to talk to my church leadership about not getting the paycheck protection program loan to turn into a grant okay well um so what what type of what type of church is this um southern baptist okay all right well um i'm going to be doing a video to send out to churches uh early next week on this subject

because i'm telling small businesses not to do it because it's a loan and it's the sba they're slow the forgiveness is likely to be changed it's triple don't do it for churches and here's why you just let the federal government into the management of your organization and if you don't think that there's a high probability that people who do not agree with your theology in Congress will tie the forgiveness of that loan to you behaving in a politically correct way, then you're naive. You are about to get messed over by your government you're about to be forced to do things that you're that you believe the bible tells you not to do in order to get the forgiveness of this loan that is coming it's not in the writing today but all you've got to do is have a regime change in the white house or all you've got to do is have uh you know uh people with people that believe things that you believe the Bible doesn't say, vote it into, attach it to the back of a bill, you know,

like they did attached crap to this bill. But it'll be, okay, oh, yeah, we were going to forgive it, but we won't forgive it unless you go along with this social view of this issue that I guarantee you Southern Baptists wouldn't agree with, okay? So you're about to get your church into a mess. That's my prediction. Please don't do it. I agree.

I hope they will take your advice. If you have time, I have one more secondary question. Sure. I know for individuals who stay through the six months of expenses for an emergency fund, what would you recommend for churches? The same, if you can build up to it. It takes longer to build retained earnings in an organization, a small business, or a church than it does in your personal situation, because the expenses are higher, for one thing. And there's always something, a ministry that needs to be funded instead of the savings account being funded. But obviously a church, I was with

a group of pastors this week, and in the group there were several of them that were debt-free and had strong cash positions, and they were in a completely different headspace than the pastors that were in debt and that didn't have cash right now. And so, yeah, but yeah, so again, any good organization, nonprofit, for-profit, whatever, needs to have retained earnings or the equivalent of retained earnings to survive that. And, you know, Elizabeth, back to the original part, the original question too, let's keep in mind the borrower is slave to the lender. You're a Southern Baptist church in Texas. Do you want to be under the control of the small business administration, the federal government, and a Congress who will institute politically correct social programs

that violate your biblical beliefs? You do not want to be slave to that master. That is disastrous. And today, that is not part of the forgiveness but there is nothing stopping them from going oh well we're gonna you know and we we were gonna forgive it but we're not gonna forgive it for those of you that are bigots that's exactly what will happen by the way dave that won't require legislation it'll require one person in the media who's got enough of a bully pulpit to say you can't have federal funds keeping your church doors open and practice discrimination that's and they'll start bringing up the phantom separation of church and state and to your point they'll padlock those doors so fast they'll make

your head spin well or they'll call the loan it won't be forgiven they're holding the forgiveness of the loan that's right over your head so now to shut you no longer forgiven that's right now you've just got a loan yeah and so they're taking these things out with the assumption it's going to be forgiven. And I'm telling you that forgiveness comes at a price later. I can promise you. Not saying the current president would do that. I'm not saying that certain members of Congress or Senate would do that, but you do not want the political whims and aspirations with social agendas of Washington running your dadgum church.

That is just a disastrous idea. Please don't do that. I hope I wasn't unclear. Anthony is in Florida. Anthony, welcome to the Dave Ramsey Show. How can Ken Coleman and I help you? Good afternoon. Thank you for taking my call.

I've got two items I wanted to get your thoughts on. The first is a purchase of a primary residence and what we've got going on currently. My situation is I've been renting for almost four years, and my lease will be up in July. I've been looking in my area for probably the past six months monitoring house prices and my area like many others is on fire. I know you can't comment specifically on my area but I was just wondering what your thoughts were to purchase a new home at these times. Well, I think the fire has probably been doused with a bucket of water, and so we'll see how quickly it springs back up.

I'm not saying the prices are going to dive, but a white-hot real estate market no longer exists as of this moment, and so there's not one anymore. Will it come back in May and be white-hot again estate market no longer exists as of this moment. And so there's not one anymore. Will it come back in May and be white-hot again? I don't know. I hope so. That would be wonderful.

But if your jobs are stable, if you're not in an industry that's going, you know, if one of you works for FedEx, the other one's a teacher, yeah, go ahead and buy the house. You're in a stable situation. If you're self-employed and the other one owns a restaurant or something, I mean, no. You wait right now until you get stabilized on your income. But if your incomes are stable and you're at your baby step three plus your down payment, you're debt-free, got your emergency fund plus your down payment, I'm fine with you going ahead and buying a house.

This is the Dave Ramsey Show. In times of uncertainty, there is one thing you can control, you. So it's time for you to say no to fear and yes to a plan and that plan is financial peace university through fpu nearly seven million people just like you have learned to pay off debt forever save for the future build wealth and become outrageously generous and for the first time ever you can start a free 14-day trial of a financial Peace membership. This free trial includes all nine video lessons, financial tools and downloads, a vibrant online community, and every dollar plus our premium world-class budgeting app.

It's everything you need to start getting your money on the right track. This proven plan doesn't change with the economy or what's happening around the globe. Start your free trial of Financial Peace University today at DaveRamsey.com slash FPU. Thank you for joining us, America. This is the Dave Ramsey Show. Open phones at 888-825-5225. Megan is with us in California.

Hi, Megan. Welcome to the Dave Ramsey Show. Hi, Dave. Hi, Ken. Hello. What's up? Well, first, thank you both in advance for taking the time to answer my question today. A short, brief background. I've been personal training for seven years, five of which has been my own private personal training business. Dave, thanks to your program, I'm in a great financial position. However, Ken, you might be able to help me here. I feel like I've hit a point of burnout, both physically and mentally,

and I'm just more so seeking advice as to which direction to go. Sure. Well, let's first identify what do you think is causing you to feel burned out. Can you be specific? I think the lack of fulfillment that I'm continuing to find. I started out, once I moved out to California, kind of gung-ho and ready to just work, work, work. And a part of that was paying off debt, which I did. And then now I've just kind of found like I'm just kind of going through the same routine again. So you don't enjoy it.

At one point, you really loved doing personal training, yes or no? Right, yeah. You got it. Yeah, so what's changed? I don't know. What would you do tomorrow if you were just going to jump off into something new and you knew you could not fail? So we're taking away all risk right now.

I assume that this is a feeling that's been going on for a while. So what have you wondered about? What would you do tomorrow if you knew you couldn't fail? Well, I find the importance that health and fitness brings each one of us. I haven't been able to pinpoint that yet. I've thought about that, but I really haven't been able to pinpoint that. Well, you just gave us a clue and you just gave yourself a clue. So you would stay in the health and fitness and nutrition space, correct? Yes. Yeah. So what's interesting is, is I just wonder

if you're not more aware of why you feel you've lost the juice for training people. Is it that you feel exhausted? You're just overwhelmed with doing it all yourself, and you're pretty much a solo operation? Yes. Yeah. But is there any point during the day, and I want you to really think about this over the last, let's just take the last 30 days, where there is a spark and you feel a little bit of juice during the day. What is that?

Identify that. Or is there nothing at all? I see what you're getting at, and yes, I do find that spark. What is it? That's a good point. What are you doing in that moment? I don't know if it's what we just call that second wind. Mm-hmm.

Yeah. So here's what I'm getting at, and I want you to say it so you can hear it. It's not for the audience, per se, but it's for you. Tell me what you're feeling. What are you doing when you feel that spark during the day? Is it when you're in the midst of working one-on-one with somebody and you're seeing breakthrough? When is it?

Yes, that's huge. When I see the breakthrough, and a lot of times I don't see that because I see the same clients all the time, and we do set goals, but it's kind of a steady continuation journey that i'm seeing with them as opposed to an end product right so what you've got to understand here is is that when i pushed you to what would you do you you you name the same industry you name the same space so what you need to look at here is okay is there a different role in the health and nutrition space where you're not that one-on-one coach?

Because that's essentially what you are right now. You are a one-on-one coach, and I think you gave us another clue. I think what you're frustrated about is you don't see the value. You don't see the results of your work like you would like to, and that's wearing on you. But where you do get the spark is where you see breakthrough, but you're not seeing enough breakthrough. Am I on that or am I off? You're spot on. I appreciate you. Okay. So now here's the deal. So now this is a different conversation. This isn't, Ken, what do I do with my life? Where do I transition? No,

no, no, no, no. This is, you've got to find some different ways to create breakthrough for folks. But I think you're dealing with some self-doubt. And I'm curious to know where that comes from. Because, listen, at the end of the day, if I pay you to be my trainer, and I show up when you tell me to show up, but I don't work as hard as you tell me to work, that's on me, not on you. Do you see that? Mm-hmm.

So here's the deal. You know, teachers, they have a classroom, Dave, not on you. Do you see that? Mm-hmm. So here's the deal. You know, teachers, they have a classroom, Dave, of 20 students. There are going to be some kids who are there to learn, and they want to get it. And there are some kids that just aren't going to put the work in. You can't, as a teacher, when you're dealing with that, get dragged down by the kids who aren't learning. So you're taking too much on you.

Well, or you select clients that are going to you you're more carefully select your that's the next step you don't i will not take you as a client unless you're going to do this and i'm and see progress that's right say i'll fire you yeah and that you know that's the process the thing i too figured out is you know that there's a parallel to what what i do in financial coaching, helping people with finances. If I had to meet with you once a week while you go through your debt snowball, I would blow my brains out. But instead, what I get to do is with books and with events and with classes and with the radio, I'm driving by your life. I do drive-by shootings every day, right?

And I just drive by, drop a grenade, drive by, drop a grenade and keep going. And then I get to catch you at the end of the story with your debt-free scream or at the end of the story with a millionaire theme hour. Uh, but the, while you're in the actual fight, I'm not there in your house. Um, and I'm not emotionally going through it with the ones that don't that quit and the ones that don't do it i've just so because i know that about myself that i couldn't do that because i tried it with we had a counseling model where we met with you ongoing and it was just it didn't work it didn't work for a lot of reasons but it it didn't work emotionally for me in the old days when it was just me. So, yeah, I think what you're going to have to do is be more selective with your clients and say,

I'm not going to be able to keep you as a client if you are not going to stay committed and show progress. But also don't take on the students results so personally they've got to do the work and you're there for the people that get it and you truly change their life this is part of the deal i've had people that were trying to help financially uh with charity yeah i've had people we try to help with coaching i've had people on our team where i can see the potential and I want them, I want winning for them more than they want it. That's exactly right. That's what she's feeling.

And you have to step back and go, that's, I can't do that. I can't, I can't make you want to be a victor. That's exactly right. I can't make you be a Viking. That's right. You know, I can't make you win. I can't make you ring the bell. You know, I can see that you can do it and you should do it, and here are the steps.

I can show you how to do it, but I cannot do it for you. And there's something that you will get burned out trying to lift other people's burdens. That's exactly right. You've got to realize here's my role is to guide you, to coach you through this, but you've got to take ownership of it. I think you also made a good point, Dave. She could diversify a little bit, you know, and get maybe into more nutrition, begin to create some content online and try to create some revenue streams that way as well, more passive.

Or maybe some group classes. Yeah, yeah. Where the students, you know, the ones that are going to not work don't outweigh the ones that do. That's right. Mason is with us in Missouri. Hey, Mason, welcome to Dave Ramsey Show. Hey, how are you? Better than I deserve.

What's up? I have a small lawn mowing business that I run, and it generates probably about $1,000 a week. And I currently have like $1,400 in expenses, and we're only really like a week and a half in. And I'm curious if you have any ways for me to really decrease my expenditures and increase my profits. Right now it's just a sole proprietorship, so I don't hire anyone,

or at least on the books. And, yeah. Detail out your expenses for us. What's making up that $1,400? You have $1,400 a week with a $1,000 a week income? It's not a week. That was just like most of it's like just primary. Like when I first started the business, like every year I need to like buy certain things like spark plugs.

And then some of it was like people would pay me and then I would go buy mulch for them. And then I bought a trailer. I fixed my weed whacker, gasoline. It's just small things like that. I don't think I'll be spending $1,400 a week. I think I'll probably be spending like $100 to $200 a week. Yeah, I think you need to lay out your expenses instead of in a lump. You need to lay them out across the summer that they get paid and you do these things across the summer. And then you can see what your actual profit margins are. And that'll, that'll help you get it rained in.

That's what you've got to do is detail it out. Hey, thanks for calling. This is the Dave Ramsey show. business leaders hiring right now may be the furthest thing from your mind but the fact of the matter is we will recover one of the smartest things you can do for your business is to be prepared i want you to know my friends at linked LinkedIn are ready to help you find the right people for your business when you're ready to hire them. LinkedIn Jobs matches your role with qualified candidates so that you can find the right person quickly. LinkedIn Jobs looks at things like collaboration, creativity, adaptability, and puts your job post in front of qualified candidates every day.

So your job is seen by people looking for jobs like yours. That's why we use LinkedIn Jobs when we hire here at Ramsey. When the time comes to hire for your business, you can get $50 off your first job post at linkedin.com slash Ramsey. That's linkedin.com slash Ramsey that's linkedin.com slash ramsey terms and conditions apply thanks for joining us america this is the dave ramsey show open phones at 888-825-5225 k is with us in missouri Hey, Kay, how are you? I'm doing well. Thank you so much for taking my call.

Absolutely. How can we help? So my husband and I, we are thankfully still employed. We are considered essential in our area, even though we have mandated stay-at-home orders. So we are still working. Things are changing, though, in terms of our job responsibilities due to limited staffing at other locations, and things are starting to feel a little uneasy. The only debt we have is a student loan that we pay significantly on, but it is one of the loans that would qualify for no interest and no required payments for six months. And so my question is, just during this semi-uneasiness, would it be okay if we banked that in savings and then at the end of the six months, if everything,

you know, if we're still employed and things are okay, we'll just drop it there? Or should we continue to at least pay, you know, the minimum, maybe not what we've been, because that's our, I mean, that's our one debt. We currently pay way over the minimum. I'm just kind of... Well, you're on what we call baby step two, paying off your debts, everything but your house. And what we tell folks is if your income is stable and you think it's going to be there, to the extent you think it's going to be there, I would just continue getting out of debt. Now, if it's scary and you don't think it's going to be there, then you stop your baby steps.

We're not changing the order of them. We're just saying stop. A storm is coming in your particular life brought on by the outside storm, and so you're going to temporarily stop and pile up cash until the storm has gone by. Not six months, but until the storm has gone by. In other words, until you lose the fear that you're going to lose your job. So let's pretend for a second that in may your organization is back to work and the economy is back moving again let's just pretend that okay i don't know but let's in other words your fear

on your job would have dissipated greatly at that point agreed if that's where we are if that's where we are that's what i said let's pretend let's visit that world for a minute. And so if that's where we are, things are somewhat back to normal, then you no longer have a fear. Then you just restart your baby steps, and any money you saved you throw at the student loan. But, no, we're not going to write a government program of delayed payments or interest. We're going to still get out of debt as fast as we possibly can.

And, by the way, if they're not charging you interest, it'll help you get out of debt faster. I know. It's kind of an odd situation to be in, but yes. But you're going to have that regardless. You don't have to wait six months to pay on it. You can just go, I'm getting out of this thing. But if you want to stop your baby steps temporarily because you're worried about your employment situation and pile up some cash, as soon as you're not worried about it anymore,

take that cash and throw it at the student loan and push play again and take back off. Those of you that have lost your jobs and that kind of stuff, you're in one of these situations where you're with a retailer or you're in the hospitality world, bars, restaurants, hotels, rental car companies, whatever, you know, cruise lines, airlines, that kind of stuff, you know, you're at home. You're at full stop on your baby steps and preserving and piling up any cash you can pile up. And then, again, when you're back to normalized with your employment and your income, then you push play and go again. And, Ken, we're seeing a lot of that. A lot of people that are sitting there going, okay, what do I do?

What do I do? What do I do? And it's natural because we don't know the timeline of all this. You know, at the end of the day, you know, we don't know what governors are going to say. We don't know where this thing is going, this virus. You know, there's just a new chart coming out every day. And the reality is what you've got to do is look at the big picture and don't do anything that harms the big picture because of the short-term fear and the short-term pain.

But the other thing is this. If you are one of those people, and the HRS is not that case. That's right. But if you are one of those people that have gotten laid off, let's say you were working at a Marriott. Marriott laid off two rounds of 10,000 people. You were working at Macy's. You laid off 100,000 people.

You're working at the rental car companies. Hertz Avis Enterprise have laid off 70%, 80 percent of their workforce um and so you're at home you don't have a job at all you don't have an income at all uh there's lots of people hiring in the essential even when there's a stay-at-home order in the essential areas and so the amazon deliveries ups fedex are hiring. All the pizza companies are hiring. All the grocery stores are hiring. Aldi, Kroger, Publix, Target, up there is $2 an hour. Walmart, up there.

And they've got 100,000 people on the books to hire. Lowe's is hiring. Whole Foods, 7-Eleven, the Army National Guard. This is the latest stuff out here. You're looking for warehouses where you've got industries that are moving. I mean, just whatever you've got to do. Stock and shelves. This is not a career choice.

No. This is I need some money in my house to keep food on the table because I suddenly don't have any income. And it's for, you know, you may do it for 30 days. You may do it for 60 days. That's right and then you'll be back to your old career uh or maybe you never go back to your old career because you hated it in the first place hey 70 of americans didn't like their job going into this thing this could be getting kicked out of the nest the nudge that you needed and that's why we've been telling

people on the ken coleman show hey i hate that you've lost your job but this is the time for you to reset right now and prepare in the downtime you're ready to go you lost a job that you hate this is an opportunity to get a job you like well that's fair you're right i just hate that they're feeling the emotion the uncertainty but but you're absolutely right i mean this is the nudge that many of you need really amen and amen you know that's how it works michelle is with us. Michelle is in D.C. Hi, Michelle. How are you? Hi, how are you?

Thanks for taking my call. Sure. What's up? I have a question about my TSP. Over the past year, I have allocated my funds 80% in the C fund, 10% in the S, and 10% in the I. That's what we recommend. I was listening to you, so I followed your advice. Yesterday I did check my TSP, and they had taken a hit substantially.

Of course they have. The stock market's taken a hit. Yeah. My 401K, my personal 401K's taken a hit. Okay. Okay. The stock market's down 30 percent i'm sorry should i just leave them where they are yes ma'am yes ma'am yes ma'am okay because

basically the c plan is an s&p 500 the 500 largest companies in america and some of those have taken a hit some of those are oil companies, and oil prices are down because of an oil war overseas. Some of those are airlines, and obviously they've taken a hit. Some of those are whatever. And so the 500, here's the question you have to ask yourself, Michelle, and here's what I ask myself every morning on this. A year from now, will those 500 companies as a group have returned to the same value prior to the coronavirus shutdowns that impacted the economy? And the answer is yes. And so, no, you don't cash it out.

Yes, you ride it down, you ride it back up. No one gets hurt on a roller coaster except those that jump off. You bought high at the beginning of the year. You don't want to sell low now. You want to ride that puppy. And so be thinking out there, and historical data will help you with that. So, Ken, it's amazing to me the screeching that is occurring on the Internet on people saying,

oh, get your money out of the stock market because it's going to end. When you say the stock market is going to end, people, what you're saying is our economy has completely disappeared. If the stock market became worth zero or became worth 10% of what it was, then let me just tell you, we probably have a new form of government coming in. We have bigger issues than your 401K. Someone else is rising to power at that point. Hope that helps. This is the Dave Ramsey Show.

If you do this one simple thing that we all do, you are literally at risk of being hacked and someone stealing what you've worked so hard for. Do you ever use public Wi-Fi? I'm talking about getting online at a coffee shop, a store, the airport, or even at home. Hackers can use a simple $100 device to mimic Wi-Fi, and with just a little bit of skills, they can take over your financial life. This means you may think you're on your bank's site or app or securely making that purchase online but hackers could see and steal that information. That's why I trust CyberGhost VPN. CyberGhost thinks about

cybercrime so you don't have to. You can try it for free for seven days protect up to seven internet devices and keep all of your internet connections secure that's cyber ghost vpn downloaded today from your app store and be secure in seconds our scripture of the day matthew 633 but seek ye first the kingdom of god and his righteousness and all these things will be added to you. First, seek ye first the kingdom of God. Albert Einstein said, life is like riding a bicycle. To keep your balance, you must keep moving. Yeah, you're not in a snapshot.

You're in a film strip. You're going to keep moving. It's either your life is about to get better or it's about to get worse. It's not going to stay the same. And most of you, it's about to get better. It's going to be a little weird for a little while, but it's about to get better. It's going to be a little weird. It's going to be different out the other side, but it's about to get better.

Our question of the day, Ken, comes from blinds.com they have a 100 satisfaction guarantee means even if you mismeasure or you pick the wrong color they will remake your window blinds for free you get free samples free shipping and with the new promos every month you'll save even more use the promo code ramsey to get the best deal today's questions from pamela in texas my husband i have two hundred thousand dollars in debt a hundred thousand dollars of it is car debt we're wondering how do we get out of the car payments and get out of the situation we're upside down on one of the cars by 26 000 and can't get a loan to pay the difference we also can't sell it because it's too upside down just wanted to ask what

you might advise we do to get this out of the way. I'm going to keep looking for a loan to cover the difference. I'm going to talk to the current lender if you're with a credit union or a bank about covering the difference, letting you sign for the difference. And I'm going to keep scratching and clawing and fighting. Here's the thing. People who would buy cars that are that stupid, rationalize to keep cars that are that stupid. I want you to get out of these stinking cars. Right. Now, as if your hair were on fire, as if your life depended on it.

They're killing you. You have $100,000 in car debt? Bless your heart. But I'm going to give you a wake-up call. Coach is saying, I'm going to kick your butt. You better get rid of those cars. You've got to find a way. I want you to hate these cars.

Not like, oh, I tried once in one place to get a loan, and I couldn't get a loan, so I better keep them. That's right. You figure out a way to hold on to this stupid stuff. It's killing you. It's killing you. You can't do it. You've got to dump it. Linda is with us.

Linda is in Pennsylvania. Hi, Linda. How are you? Hi there, Dave. It's great to talk to you. You too. What's up? With all this staying home with the crisis, it's a good thing and a bad thing. But I've had time to go through old policies, and I've collected all my accidental death and dismemberment policies. I've got it through the credit union. I used to work for the state, and there's one through there.

There's several other AAA ones. Probably I'm paying $35 to $40 a month for these four or five policies. We're in our 70s. We're probably not going to be doing that many high-risk activities anymore should i dump them or just keep one for each other i'm assuming you have some money saved yeah we do we really don't need them i mean cancel them all okay they're all they're all gimmick policies regardless of your age, regardless of how much high-risk activities you're going to be in. Yeah.

I would still not buy them and I would not keep them. They're just gimmicks. That makes my heart rest easier because I'm thinking, what do I need for policies? The kids don't need $100 thousand dollars just because mom or dad died and on the other hand finding all those policies and cashing them all in should something happen they don't need the money no nope okay yep you're you're exactly right well something good happened during the uh you get to clean house a lot of people doing their wills not because

they're afraid of dying but just because they got time on their hands a lot of people doing a lot of people doing uh sign up with zander for life insurance not because they're afraid they're about to die but because they got time on their hands and they're actually kind of going through and cleaning out the corners linda and her husband just made some money yep they got a little extra cash flow coming in every month now. Christine is in Oklahoma. Hi, Christine, how are you? Hi, guys, thanks for taking my call. Sure, what's up?

I was an employee at my church in the Mother's Day Out program, and we are not operating now. Don't know when we're going to be back up. But I went online to try to file for unemployment with Oklahoma and came back with zero benefit. And I understand that's because our church did not pay into that insurance. Is there anything that you know of, and I know it's a state-to-state thing, a special confession during this time for employees like me or ex-employees?

We haven't shut down just temporarily, but I didn't know if you knew of anything that was in place for that. No, ma'am. I'm not aware of anything. The only thing I'm aware of is everyone knows that the stimulus package has passed a $1,200 check coming to all adults and $500 per child in your home. But that's coming regardless of employment.

So it doesn't have anything to do with the unemployment part of it. But to my knowledge, there's not any extra money coming on that. And if you're needing some extra money, then, you know, then you may want to pick up a different side job. You know, we were just saying earlier, Ken, the grocery stores, like you're reading off a list, everybody's hiring in that world. Yeah, I mean, this is, you know, you're talking about. In the essential services world.

That's right. Any type of delivery, you're talking about warehousing, you're talking about convenience stores. You know, 7-Eleven is one of the top five employers in the country right now with new jobs. You know, so you're just looking for anything in your area, in your zip code, where people just need some part-time help because, you know, what's weird is we hear all this negative news, and it is negative,

but you're also seeing certain industries that are really exploding right now. And so, you know, you're talking about what she's making in that moms program there. You're looking to make as much as you can to replace as much of that if not all of it short term you've got to do two jobs this is a short term let's get after it yeah there's you can you can do something you can get a lot more than some government program would have given you you know i want to address this i've been telling folks on on the ken coleman show this day you know right now this is a weird situation for people and we all have pride every Every human being has pride.

We're not immune to it. And I want you to be really aware of that, that we're all dealing with this. You're not the only person that's affected by this. So don't be afraid to say, hey, I need some help. I'm at my church. We're off.

I don't know if it's going to be four weeks or six weeks. I'm just looking for anything. I want to help my family. Do you know of anything? We're all banding together right now don't be afraid to ask for help yeah and don't be afraid to help somebody that's true too you know our uh cafe team here at ramsey uh is an outside vendor that runs our cafe and there's a hand uh i don't know 15 20 of them uh got laid off they got furloughed uh when we shut down to go home to work from home as mandated by the governor. And so they're all on unemployment.

And our team just put together a fund to cover their unemployment check, plus we're going to give them enough to where they're making what they would have made. And it was just a donation from the people that work here not not out of the company the company didn't do it the people that work here did it there's a chance you can do stuff like that where you can step in supplement somebody just help them get through a rough time uh the message from hope series continues tonight uh we've been doing these every night with a ramsey personality ken coleman is tonight speaking about how to control your thoughts, actions, and feelings in a crisis. Rachel Cruz was Monday. Chris Hogan Tuesday. Christy Wright Thursday. John Deloney, Dr. John Deloney last night. Anthony O'Neill will be Monday

night. Last Thursday night was Rachel, Ken Coleman, and me. And all of these are posted on our Facebook and YouTube channels. If you need a little hope, you know someone needs a little hope, they're all different subjects coming from different personalities, different thought leaders in different spaces. Ken's will be tonight. And be sure and tune in to Ken Coleman's Facebook and YouTube channels as well as any of the Ramsey stuff. You can catch him there as well.

It's going to be a good night, isn't it, Ken? I'm really excited about it. It's going to help some people, bring some people with you. It's free and it will help. It's going to be very practical. 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. This episode is over, but if you heard about an event, product, or service and didn't have a chance to write it down, don't worry. We list everything you've heard about during this episode in the podcast show notes

or head to DaveRamsey.com. Thanks for listening.