The Ramsey Show - App - Lose a Few Battles so You Can Win the War (Hour 1)

Episode Date: October 24, 2019

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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.

This is your show, America. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. We're going to start off this hour with Joshua in Illinois. Hey, Joshua, how are you? Oh, my gosh. Hi, Dave. I'm such a huge fan. I can't believe I'm talking to you. Well, I'm how are you? Oh, my gosh. Hi, Dave.

I'm such a huge fan. I can't believe I'm talking to you. Well, I'm honored, sir. How can I help? Well, first off, let me just say that I've been reading your book, and you've really inspired me to take more control, be more responsible for my financial future. And I was calling today to ask you a question about this student loan

settlement that I've been offered. Basically, I've got a $42,000 student loan debt that they offered me to settle for $6,000. Now, with that, I understand that there are tax ramifications that will incur on the remaining balance of $36,000. However, on my research, I can't find what percentage I will be taxed at. So I've gotten a contractual agreement to extend out to April 2021, and I need to figure out how much I need to save for the IRS. I see. Okay. And this must be a private student loan then?

Yes, and that's one of the things that it's a bit shady, sort of what's been going on with the Naviant student loans and my school that I went to. So one of the things that I'm worried about is the fact that I would have to give up my right to pursue any legal action should there be some sort of lawsuit afterwards. I wouldn't worry about that. You got out of $42,000 worth of mess you got into for $6,000. So you think it's a good deal then? You got it in writing?

Yeah, I have the contractual, yeah. Okay, and are you working? Yes, I'm currently working. What do you earn? 78. Okay. About 20%, 15% of the difference will be your taxes. Whatever tax bracket you're in is what will apply.

You'll get a 1099 for the amounts. Debt forgiveness is taxable income. And so the amount, as you said, the difference in 42 and 6 is what the 36,000 is what. And so if you're at 20%, it's $7,000. Okay. Another $7,000 tax. So about $7,000? Yeah.

If you're at 20%, if you're at 15%, it's going to be obviously about $5,000. So somewhere in that range is where you are. You can get with your tax preparer, and they can go ahead and tell you. But between now and April, that's what you're going to have to come up with, or you're going to have an IRS problem after you got rid of your student loan problem. Okay. That's assuming these bozos at Navient actually are competent enough to get the 1099 out to you this year, it might take them a year to get around to sending you the 1099.

Okay. And until you get the 1099, I wouldn't pay any taxes. Oh, okay. But I should still prepare for that. Yeah, you need to act like it's coming, because it probably is. If they never send you a 1099, then I would not pay taxes on it. Okay. I would only respond to the 1099.

Okay. So, okay. And in addition to that, I have 76 in federal loans and my wife has 30. So after I pay off this nine grand on my car, we should focus on her student loans, right? And just make the minimum payments on my federal loans? Yes, minimum payments on everything but your smallest debt. Attack your smallest debt when it's going to attack the next one down, when it's going to attack the next one down.

However, your budget has now been affected by whatever you calculate your taxes to be divided into your monthly budget so that you're ready for April. Right. Well, i got the agreement to extend out my last payment so january of 2020 so then the tax certifications won't incur until april of 2021 okay well that's a good move yeah good strategy yeah i did yeah i did that just because i didn't know if i was in an old i'm like 12 or what because of my wife's income if we file together but put yourself put yourself some kind of an email tickler in your file or something to I didn't know if I was going to owe them like $12 or what because of my wife's income if we filed together. But put yourself some kind of an email tickler in your file or something to wake you back up next summer to start planning for that, okay?

Yes, of course. Thank you so much, Dave. I appreciate the advice. Yeah, sounds like you're being very proactive and very careful and very diligent. Well done. Way to go. You're digging out, brother. You'll get out.

You can do it. All right, Charles is with us in Wisconsin. Hey, Charles, welcome to the Dave Ramsey Show. Hi, Mr. Ramsey. I'm incredibly blessed and a little nervous. How are you? Better than I deserve. Never lost a patient.

How can I help? So I heard this thing from someone, I can't remember who, and I just need to know the truth. Okay. Just how afraid are rich people of leaves? Are we talking like deathly allergic? That's funny. I don't care who you are. So you're going to buy a leaf blower and go in the leaf removal business based on Dave Ramsey's jokes, huh?

I was thinking about it. Okay, cool. Well, I mean, if you're really going to actually start the business, you need to price the leaf blower versus what you would get paid for removing leaves from rich people's lawns. And go around and talk to them. Find out what other people are charging for leaf removal. And you are in the leaf removal business. The point is there's always someone that doesn't want to do some work that will hire you to do it.

And that's true all through your whole life and so you can find something to do that somebody else doesn't want to do that's got the money that that's one of the benefits of getting a little money is that you don't have to do crap you don't want to do anymore and so uh yeah you could you can actually start a lawn care business and leaf removal uh as a part of that and um landscaping i don't care you might get a shovel to go with your leaf blower i don't know that's pretty good brother i like that open phones at 888-825-5225 y'all jump in we'll talk to you about your life and your money matthew's next in florida hi matthew how are you? Hi, Dave. How are you doing today?

Pretty blessed to have to talk to you. You too, sir. How can I help? Yes. So me and my wife, we've been having issues with regarding paying off debt and everything, and it's been going on for a few years. We've gotten actually better um with communication um but i think she is a little scared as far as me being really good gazelle because i'm like i'm head over heels i want to

get the step aid off where she um is a little bit like not as gazelle and and I think that's where... So are you like a super, super frugal super nerd? Oh, yes. Okay, cool. All right, so here's the problem. You can win the battle of these individual fights and lose the war of her participation. The data points tell us over the years of doing this that her participation is a greater indicator

of your overall financial success and debt reduction than you winning the battle over a two dollar bottle of something at the grocery store right don't don't win the two dollar battle lose that battle win the war of her enthusiasm for working side by side with you as a teammate not someone you're having to drag along because you're being a super nerd. Lose a few battles to win the war. You can do it. My wife has done it.

This is the Dave Ramsey Show. Folks, let's cut through the bull. Interest rates are exceptionally low, so you're missing out if you have not called Churchill Mortgage to see if you can save money on your home loan. Lots of other companies are out there claiming great deals, but don't get lured by slick advertisements. No-cost refinance offers do not mean they're free. Churchill Mortgage has a no-bull refinance. This means there are no hidden fees. They will shoot straight with you. Yes, Churchill can offer loans with no closing costs, different down payment options, or of course, a traditional refinance. The key difference is you can trust my friends at Churchill to let you know what you're getting up front so you can make the

smartest choice and save the most money. Go to churchillmortgage.com. Do it today while rates are low. This is a paid advertisement. NMLS ID 1591. NMLSconsumeraccess.org. Equal housing lender. 761 Old Hickory Boulevard, Brentwood, Tennessee 37027. kylie's with us in massachusetts hi kylie welcome to the dave ramsey show hi dave thanks for taking my call sure what's up so um my husband and i we just started the baby step two and uh we're finally combining our finances.

Good. And his parents had loaned him some money back in 2011 before we even knew each other. And they told him that there's no rush on paying them back, no interest. Well, come to find out, there has really not been any payments made on that over the last couple of years. And I'm now to the point where I just want this gone. I don't like lending money to family. And I'm wondering if it would be okay for us to take out a personal loan through a credit union to pay the parents back in full, get that out of the way, or if I should just continue to monitor the situation and we pay them

back personally every month. How much debt do you have, not counting your home,000 to them, and we probably now only about $20,000 left. Okay, so $36,000 and you're debt-free except your house. Yes. And what's your household income? We are around $90,000. Okay, and so how quick do you pay off $36,000 making $90,000? My goal is I want to be debt-free before I turn 30, which is next September. So my goal is hopefully before that.

A year. If I can keep going as intense as I'm going, then probably by July, yes. Okay. And the other $20,000 in debts, how many of them are there? There is two credit cards and student loans. Okay. All right. And so a few different student loans. So $16,000 is the largest debt.

It's at the bottom of your debt snowball. Yes, correct. But they're paid off 100% by September if you don't go get a credit union loan. Yes. Is there toxicity in this relationship? Not necessarily. There's been just some minor comments made to me how um even before we got married um about how i can pay them back and and i just i just don't

like lending family any money so i don't i'm disagree with that i don't want you to owe family money i don't really want you to owe anybody money but i really want you to get rid of this loan but the point is you're only relieving uh you're going to start paying large, large payments on this very soon. Yes. In order to make your September goal. Yes. So it's really not that big a deal. If you want to go get a credit union loan, that's fine. If you just wanted to just really roll up your sleeves and start punching on this thing,

you're going to have it done by September. Okay. So the only upside of doing it that way is you're not kind of smacking their face. Right. If you go borrow the money and throw it at them, that's kind of like thumbing your nose a little bit. After they've been waiting all this time with no interest and no payments. Okay. It makes them think that, you know, like you were upset about it or something.

Okay. You see what I'm saying? Yeah, absolutely. And if instead you just got real aggressive and got them paid back, then that's more like, wow, look at what they did. I'm proud of our kids. Okay. We are planning on having a sit-down meeting with them this weekend to discuss,

you know, the actual amount that we both agree on that's owed and to go forth with whatever plan we decide. Yeah, okay. Well, why don't you start paying them like $500 a month and just put that in the budget. It won't change the debt snowball. It won't change the end result of September either way. Okay.

And that'll make you feel like you're doing something. Okay, we're going to start paying you $500 a month if we come to agreement tonight. Now, if in this meeting you get some weird toxic stuff and you need to clear the slate just run over the credit union borrow the money i don't have a problem with you doing that if i thought you were going to be there for three or four years i'd tell you to do it okay but september's pretty quick yeah and it's not that big a deal big a difference um you know but if you told me like you know sometimes i have people call me my dad loaned me the money on my house because he wanted to get the interest

instead of the mortgage company, and I'm going to owe him for 30 years. No, we're going to go get a mortgage and pay him off. I'm not doing that crap. Thanksgiving dinner tastes different when you eat with your master, and the borrower is slave to the lender. Absolutely. So, yeah, I get your your sentiment and i completely agree with you i'm just saying because of the short time frame i don't know how hard i would push this and um

you know it's all going to be over by september so you can even be gentle in the meeting next week gentle okay gentle gentle yes Thanks for the call. Open phones at 888-825-5225. Did you see the gazelle going? Gazelle's going there. I like it. I love it. I love it.

She's going to get out. I love it. Katrina's with us in Pennsylvania. Wait, wait, wait. I did it wrong. Katrina's with us in Pennsylvania. Hi, Katrina. How are you?

Hi, Mr. Ramsey. How are you? Better than I deserve. What's up? Well, I'm going to try to get through this without crying. I've been listening to you for like the past four months. You didn't make it.

I know. All right. We got to four months before they started. I like it. Listening to you, I want to learn how to become All right. We got to four months before they started. I like it. Okay. And listening to you, I want to learn how to become financially sound. Good. I purchased a house about 15 years ago, and I'm in limbo with it.

I bought the house for $60,000. I started looking through my papers and looking at the bills, of course, just paying the payment every month. And the house is still, to pay it off, it's like $57,000. So it's like I haven't really paid anything on it. Have you got a traditional 30-year mortgage? I don't even know. You have an FHA, a VA a va a conventional do you know that um it's it's an arm it's called an arm okay it could be still be any of those when i purchased the home

of course i was just i wasn't educated excited to buy the home it started off at a um a 10 arm and then now it's down to a 4.5. So it stays there. The mortgage has been sold several times, AQUIN, PHA, so on and so forth. So I'm just like, I'm at this point in my life. I'm 49 years old. Children are adults.

They're grown in their own homes. I just want to, I want this house from up under me as far as I want to be, I just want to be debt free. I want to be debt free of the house. Okay. What do you make? I make just $40,000. Okay.

And do you have any other debts other than the $60,000 on the house? No, I paid off, I had a credit card, which is about $9,000. I paid that off making payments every week, doubling up on the payments instead of monthly. I do have a, um, a restitution bill that's over my head. I got into some trouble about nine years ago. Um, a 60,000 restitution, $60,000 restitution. I have to pay a hundred dollars a month on the date on that. But basically the only thing I have over my head at this point is the mortgage. And I want to, each time I try to put a little extra on it, and it was odd yesterday that it wasn't on it,

but yesterday I heard a caller calling about the mortgage and the principal and so forth. Here's what I would do. Okay, here's what I'd do. I'd call Churchill Mortgage and talk to them. There's a good possibility that you want to refinance this. The arm is an adjustable rate mortgage. It means it's adjusting once every year or three years, depending on whether it's a one or three-year arm. Okay?

And that means every time the interest rates go up, yours goes up. Your 4% arm is more expensive than a fixed rate mortgage today. You can get a fixed rate mortgage today at about 3.5%. And so if you refinanced and got a fixed rate, you could probably put it on a 15-year. And I think you should. And then get about the business and say, gosh, what would I have to do? Just simple division, dividing 60,000 by 10 years, that'd be 6,000 a year. The extra. And you'd be debt-free in less than 10 years at 500 bucks a month you can start doing some stuff like that

you can work your way through, you are missing out. Our Ramsey Solutions Company page on LinkedIn has over 100,000 followers. That's over 100,000 potential like-minded people our team communicates our current openings to. We also post on LinkedIn Jobs because we know the right person will have an impact on our company for years to come. And LinkedIn Jobs matches the right person with the right job. It's no wonder a hire is made every eight seconds on LinkedIn, and over 600 million members visit LinkedIn to make connections, learn and grow as professionals, and discover new job opportunities. In fact, LinkedIn members add 15 new skills to their profiles

and apply to 35 job posts every two seconds. Get started today with LinkedIn Jobs and get $50 off your first job post. Visit LinkedIn.com slash Ramsey. Terms and conditions apply. In the lobby of Ramsey Solutions on the debt-free stage, Ken and Pam are with us. Hey, guys, how are you? Okay, doing good.

Welcome, welcome. Doing well. Where do you guys live? We live in Discovery Bay, California. Oh, beautiful. San Francisco area. Yes, about 45 miles east of San Francisco. Yeah, beautiful area.

Very nice. Rough life, but somebody's got to do it. So all the way over here on the other side of the continent to do a Dead Free Scream. I love it. How much have you guys paid off? We paid off $375,000 in six years. Good for you. And your range of income during that time?

Our range was $200,000 plus. Okay, great. What do you guys do for a living? I'm retired now, but I had been a kindergarten through eighth grade teacher and then a school counselor. Awesome. And I am a salesman for a great company for 40 years called ChemSearch, a division of NCH. Cool. Very cool.

What kind of debt was the $375,000? It was mostly in our mortgage. We had bought our house for375,000. It was mostly in our mortgage. We had bought our house for $200,000. And when we did, we did a lot of refinances, paid for kids to go to college and different things. And finally, we redid to a 15-year loan, but we borrowed $375,000. And then we got it paid off. A couple weeks ago, we walked into Wells Fargo and said, we're paying off our house. We're done.

We're done. So I'm looking at weird people. I mean, your house and everything's paid for. That's weird. Yeah. Congratulations. Well done. In California, it's a bit unusual, yeah.

No, it's weird everywhere. And it's really weird that you only paid $200,000 for it. It must have been a long time ago. It was. Yeah, okay. Yeah. Very cool. Well, congratulations, you guys.

How does it feel to not have a payment in the world? You talked about that one. Go ahead. Well, I was telling him that when we did pay off the house a couple weeks ago, it was like I kept saying to him, I feel so different. It's amazingly light, and it just felt like kind of a renewal by the Holy Spirit. I don't know. It was great.

Yeah, there's a release. There's a real release. And people, you don't realize it until you do it. Right. It's kind of an intellectual exercise until it's not. Correct. Yeah. Well, congratulations. What made you want to do this and work this hard on this?

Okay. Well, I'll do that one. So in 2008, and somewhere we have it here, Kenny gave me the Managing Your Money book. Anyway, Total Money Makeover. We were driving to Southern California to see his family in Southern California for Christmas. I read the book before we got there. And I said, we're doing this. And I bent up all our credit cards and they came apart. And that was kind of what got us going. We had read a lot of books by Christian authors

on how to manage your finances, but I felt like it was just suggestions. And your book was, do this, do this, do this. And if you don't do this, you're wrong. And if you give that girl a rule, she'll follow it. Let me tell you that's true i love it so ken you handed her the book and by the time you get to the relatives uh you were you regretting it i was a little scared i uh at that point in our life, you talk about the feeling of paying off the mortgage, but there was a feeling of fear and shame because I felt like I wasn't a good enough salesman.

I felt like I wasn't a good enough provider. I felt like I wasn't. And so we finally were on the same track, which was super helpful for us. Yeah. When you see results from all your hard work, meaning you're getting traction financially, it really does start to push away the condemnation and the shame and the voices. Yeah. Yeah.

That's powerful. Very powerful. Well done, guys. Yeah. We're really grateful for you, for the whole thing, for all this stuff. When we started listening, I think there were 180 people working on your team. You've been in my ear every day on the way home for 11 years. For too long.

For too long. It's all good, brother. We're so glad you're here.'re so proud of you i'm glad we get to celebrate with you super great who are your biggest cheerleaders um well his company has this great business trip every year and there was this one couple uh grace and knollis and they had been teaching this and financial peace university and they always seemed so calm and happy, and she would wear these beautiful dresses that she had handmade,

and so that was somewhat impressive. Mm-hmm. Yeah. Yeah. And I think that Pam was my greatest cheerleader. I haven't told you that, but anyway, she put up with all of my... I was one of those salesmen

who thought I could out-earn my stupidity. Yeah. And she really, you know, has been super supportive. Helped you reign that in. A little pushy, yeah. How long have you guys been married? 40 years. 40?

40, yeah. Okay, so she's been your cheerleader a long time. Mm-hmm. Yeah, yeah. She's my girl. I've got a cheerleader who's been with me for about 38, so we're on about the same path here. Yeah. And she actually was a cheerleader in high school, so there you go.

But anyway, congratulations, you guys. Super proud of you all. Thank you. Very, very well done. Well, you're already millionaires based on the numbers you gave me. Go ahead. Can I say one other thing? Because I really wanted to address some guy out there who's 50, early 50s, feeling,

I'm not going to get out of this and if you don't, you've got to make the turn because 10 years from now you're going to look back and you're going to have a lot of regrets. But if you can make, if you can change your mind about the way you think about finances

there is time to turn it around, even if you've screwed up. Preach it. Preach it. I like it. I completely agree. Very well done. You know, it's amazing what people can do when they decide to.

It really is. Exactly. When they believe they can. Old Henry Ford quote, if you think you can or you think you can't, you're right. All right. We've got a copy of Chris Hogan's book for you, Everyday Millionaires. You probably already are with that house. And congratulations.

And thanks for being with us and for sharing your story. It's a really great story. I love it. Super great. Yeah, we're the old people. Hey, I like it. And we're right there with you, so life's good. Ken and Pam from San Francisco area, $375,000 paid off.

House and everything. They're weird. They did it in six years, making $200,000 plus. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free. I love it.

Yeah. Oh, man, absolutely amazing. So this is the show where we can take a call from a single lady making $40,000, and the next call is from somebody making $200,000-plus. And this is the show where the same principles actually apply. She had a $60,000 mortgage, and they have a $375,000 mortgage. Both of their mortgages were larger than their annual incomes of which most people's is, of course.

And so she has mathematically as much hope, ratio-wise as much hope of paying off hers even sooner than they did as they do. See, sometimes when you hear someone say, well, he makes $200,000 plus and I make $40,000 and I don't understand. It doesn't relate to me.

Yeah, it does because you're dead in as high as that was. It's about ratios. And if you're $8 million in debt, but you make $1 million a year, it's a ratio. It's how big is the shovel you've got, your income, to the amount of hole that you're in, your debt, your shovel-to-hole ratio. And that's what you've got to be concerned with. The most troubling calls I get that I have the least hope for, and I have hope for everyone,

but I said less hope for, are the ones where the ratio is off, where you've got $300,000 in debt and you make $22,000 a year. That's hard. But usually that's not what we find in these calls. And so don't let the fact that these people don't sound like you they're not your age they don't have your income to be be indicators that you can't do this because your situation is different and the trick is you can do this.

And there's not any reason you shouldn't. No one else is going to do it for you. The current president or the next one is not going to fix your life. We've had all kinds of presidents up there while I've been alive. None of them have sent me money. They take my money, but none of them have sent me money. So maybe you're going to have to do it. Not maybe.

You are. And the great news is you can. This is the Dave Ramsey Show. Thank you. Rob is in North Carolina. Hey, Rob, welcome to the Dave Ramsey Show. Hey, Dave. Hey, what's up? I'm calling with a question. I was recently laid off, and as part of a severance,

I have done step one of the baby steps. In terms of money, I've got $32,000 and a 401k that, given that I'm old enough, I can take out to pay off the remainder of my debt. Is that okay? You're over 59 1⁄2, you said? I owe about 8K. Are you over 59 1⁄2? I'm 57.

Okay. You can only take it out on minimum distributions without penalties. So about... Are you over 59 and a half? I'm 57. Okay. You can only take it out on minimum distributions without penalties. You can't pull the whole thing at 57. Okay. I was just part of the severance, given the company was paying into the 401k, that I was under the assumption that I could get all of it. No.

I mean, you can, but you're going to get penalized and taxed on it, so you're going to have about a 30%, 40 depending on what your new job is so uh how long you've been laid off uh i was off for about two days oh you're back to work yes oh great okay well then no no okay you just you just thought it was freed up it's not okay just roll it to a uh it is you can do what's called a required minimum distribution on it. It's not a required minimum. It's a minimum distribution on it. But it's a very small amount without being penalized until you're 59 1⁄2.

And it's not worth screwing with. You're better off just to roll up your sleeves, get on a budget, and get yourself out of debt now. Maybe some of your severance package, if you actually got income as severance package in addition to the 401k issue, now I would use that to get out of debt. Yeah, that's extra income. That's like a signing bonus since you got right back to work. So that's very cool. Hannah's with us in California.

Hi, Hannah. Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my call. How are you? Better than I deserve. What's up? So my fiance and I both work for, we're both in federal firefighting.

And there's a possible new job for me in Louisiana. And that's a huge move. We recently just bought a house. Well, he did. It's under his name since we are not married yet. We're due to get married in April. We have a one-year-old son and just a little nervous about this move. The cost of living there would just be way easier for us to manage. And we just started Baby Step 2 just last month. We have about $41,000 in debt.

Can he move his job too? Yeah, they're trying to find a job for him as well because they want to hire me so much um so it's a possibility that he can get a job as well it might be a little bit later on just a few months later what's your what's your current income um my current income income alone is $42,000 a year. Okay, $42,000? Yeah, $42,000. And what is his? He's right around $50,000. And what are they talking about paying you? I would be moving up to about $45,000 a year.

Okay. Well, that's not enough reason to move. Yeah. The lowered cost of living, and if you want to live in Louisiana, which there's nothing wrong with. Louisiana's awesome. Where do you want to live? We're really open to anything.

My fiance just recently did an assignment over in North Carolina, and he loved it over there. And he's been all over the South, and he's just really enjoyed his time there. So we're kind of working for the federal government. We're really able to move wherever, and we're open to do that. I didn't ask what you're open to do. I asked what you wanted to do. Where do you want to live?

Don't pick this just because it's available. Yeah. Pick it because it's where you want to go. Yeah. I would like to stay where you want to go. Yeah. I would like to stay close to family. Where's your family? They're here in California. Well, you're not going to be close to them in Louisiana or North Carolina.

I know. This job is just, it's my dream job. Why is it your dream job? It's $3,000 more than you make now. Because it's the next possible step for me to make it to my end goal, dream job of being a chief. And so it's the next position. I know I'd really enjoy this position. I've done some work in it before, and I love it.

Okay, that's the only reason to take this. Okay. Because $3,000 is not a reason to take it, and you don't really want to live in Louisiana. You just want to go to Chief, and you think this is your road. Yeah, okay. That's what you told me. Yeah. It's not near your family.

If you could make Chief and be paid $60,000 and stay there, you wouldn't even talk about moving. That's true. Okay. So this is not about the money, and it's not about the location. It's about the pathway to your dream job. Yeah. And you just feel you're okay with being a bit of a gypsy to do that and bounce around a little bit. And that's cool.

I don't mind that. Yeah. Just understand what your motivations are. okay with being a bit of a gypsy to do that and bounce around a little bit. And that's cool. I don't mind that. Yeah. Just understand what your motivations are. Don't act like you did this because it cost a living because you didn't. Or because you hate California because you don't. Is this true? Okay.

All right. That's cool. So you're just, you know, the point being, 10 years from now, I really don't want you living in Louisiana by default. Right. I want you to run this track, or I want you to get your butt back to California with your family, one of the two. Yeah, we were kind of seeing it as maybe, when I was talking it over with my fiance, seeing it as maybe like a short-term thing.

I go there, get the experience there for a few years maybe, and then maybe we can transfer back there you go and listen don't wake up at 60 and go i forgot to move back right that's what i'm telling you because i'm just helping you analyze this with what your real motivations are and it's okay to do it make it part of your plan though and it's just the journey you're on it's you know we're you know we're getting off the exit here for a little bit but we're gonna get back on the interstate you know and that's all it's a temporary detour that's all it is so um because it's not you don't you're not making enough money and he's he has to have a job you're getting married he has to have

a job there or you can't go it has to be lined up because otherwise you're getting ready to cut your pay in half for you to live in louisiana chasing something that's going to be a few years down the road that doesn't make sense so he makes more than you make so he's got a they got to give him a job too if they want to move you over there hey thanks for the call open phones at 888-825-5225 we say it all the time but it's repeating. 78% of families live paycheck to paycheck. If you drive down your street, and I don't care which freaking street you live on. I live in a nice neighborhood, then it's probably more. The McMansions are full of facades.

You ever visit the Universal movie lot? I did a few years ago. You drive down the street and it looks like beautiful houses, only it's only the front. When you walk through the back door, it's just like wood standing them up back there. You know, it's like all for what the camera sees. That's what some of these people's lives are.

It's all for what the camera sees. It's all for Instagram, baby. There's nothing real back there. That doesn't work, you guys. It's not fun. It doesn't have to be this way. If you're sick and tired of being sick and tired, if you're ready to live real, a real life, not a fake one, not a facade, we can show you how. We go around the country doing these Financial Peace Live events.

It's one night where we walk you all the way through the baby steps. It's stuff you've heard here on the radio, even some of the same jokes, I promise. You're not really going to be that impressed, except you're going to laugh and you're going to cry, and you can bring your reluctant spouse or your friends who think you're crazy or your parents who think you're crazy or your kids who think you're crazy. Bring them with you, and by the end of the night, they'll be going, I want some of that. I'm going to get me some. I want some of that i'm gonna get me some i want some financial peace i can do this these baby steps will work chris hogan anthony o'neill have

done them all through the fall and they've all been sellouts in every city we're almost sold out for november the 20th which is the last one for the fall that i'm doing with chris hogan in charleston south carolina november the 20th just a handful of last one for the fall that I'm doing with Chris Hogan in Charleston, South Carolina, November the 20th. Just a handful of tickets left, and it's going to be streamed, and of course, we can't possibly sell that out because the internet will allow all of you on there. So if you want to watch it on stream, you can buy that ticket. If you want to come down and join us in Charleston, South Carolina, there's a few of those tickets

left. November the 20th. Just a handful. It's trending towards an early sellout, so get your tickets. 888-22-PIECE to talk to a Ramsey concierge. And, of course, you can go online at DaveRamsey.com.

See you guys in Charleston on November the 20th. This is the Dave Ramsey Show. Hey, it's Blake Thompson, Senior Executive Producer for the show. You know you can listen or watch anywhere with the Dave Ramsey show app on your smartphone, catch the full show or watch the highlights and check out Dave's upcoming guests. Head to the app store and download it today.