The Ramsey Show - App - Making Your MLM Side Business Your Full Time Job (Hour 1)

Episode Date: October 30, 2018

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🎵 Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. This is your show. It's your show because we talk to you every day. It's a free call and some say the advice is worth what you pay for it. The phone number is 888-825-5225. That's 888-825-5225. This is common sense. We teach you deep ideas, like living on less than you make. A concept Congress can't grasp. Getting out of debt.

You don't have any payments. You have a lot of peace in your life. You know what else you have? Money. Because otherwise you're sending it all to the stupid bank. You save money for emergencies first. You need Grandma's rainy day fund, because it is going to rain. Grandma knew that.

You need to save and invest for your kid's college and your retirement, and you need to just plain old build wealth. You need to be outrageously generous. For those of us that are evangelical Christians, the baseline starting point of that is your tithe at your local church. Beyond that, though, you catch somebody parking your car

and you give them a nice tip. I pulled up the other day in front of a nice restaurant and this guy and a freaking hundred thousand dollar ranger over gives a guy five dollars to park his car you get i mean there's just something wrong with that transaction in my mind here's the keys to my hundred thousand dollar vehicle and here's five dollars to say thank you i just don't under i mean i drive a nice car so so I give them $20. You know what? The weird thing is the car's sitting right there when I come out.

It's the most amazing thing. Yeah. And, you know, but those guys are out there in the heat and the cold and the rain. Those gals, I mean, they're running up and down. I'm not going to run up and down. That's why I got them there. Got somebody waiting at your table. How long has it been since you carried 100 pounds worth of dirty dishes on a tray over your head?

That'll give you a backache. How about doing it all day? Leave somebody a tip. That's giving, by the way, in case you didn't know. I don't know if they earned it. Oh, shut up, you tightwad. And you wonder why you're broke. Because you're tight.

Now, be outrageously generous. It's a sign of people who are winning with money. Generous people are highly attractive people. Everybody wants to be around them. Not because they want their money, but just because they're people that smile. You ever notice that selfish people never smile? They look like they were weaned on a pickle. Outrageous generosity and gratitude.

Contentment. Staying out of debt. Living on less than you make. Saving money for emergencies and to change your family tree. These are the hallmarks of people who win with money. They're the ones that are on a plan. The dreaded B word, a budget. If you worked for a company called You Incorporated and your job was to manage money for You Incorporated

and you managed money for You Incorporated the way you manage money for You Now, would you fire you? If the answer is yes, please don't pray and ask God for more money. Because you just self-confess that you're incompetent. If you would fire you, what do you think your heavenly father is going to do? He's going to look at you and go, you are not ready, my son. My daughter, you are a fool. I'm not going to give you money and make you a big fool.

Because when you get money, you get to be more of what you already are. Have you noticed that? If you're mean and you get money, you are really mean. You ever meet those people? I've met them. You meet somebody who's a big giver, they love, they're generous, they're compassionate people, they got a big heart. They get money.

You know what happens? They become a philanthropist. They give. They're always looking for opportunities to give. They found the secret to money. Those people did. Yeah, they understand how it really works. You get to be more of what you are as you get money.

So you probably need to decide what you are in the process. But be managing the money well. Be diligent. The diligent prosper. I read the parable of the talents. Those that are faithful with the little things will be given more to manage. You ever heard that?

Yeah, you've heard that your whole life, most of you. Then be faithful with the little things. Faithful with what you got. When you're sloppy with your $4, don't think you're going to get $8. This is not a hard formula. This is the stuff we talk about around here every day. And we have for 25 plus years, and it's helped millions of people because common sense is now so uncommon that it is now marketable.

And we make a pretty good living selling it, I'll just tell you. But we're here to help. It's what we do. We're going to answer your questions, walk with you, encourage you. We're going to tell you the truth. When something's stupid, we're going to tell you it's stupid. When it's weird, we're going to tell you it's weird. If you're acting crazy, we're going to tell you the truth. When something's stupid, we're going to tell you it's stupid. When it's weird, we're going to tell you it's weird. If you're acting crazy, we're going to tell you.

You know, you ever notice crazy people, nobody ever tells them they're crazy? It's a refreshing thing when it occurs. So we had a guy stop in and hire the lobby one day. He was just loopy. I mean, he was just really mentally ill. It was really sad. But he was doing all kinds of stuff. He was telling everybody he was Jesus, and he had two eyes in the center of his head and everything else. And we're like, dude, don't tell people that. It was really sad. But he was doing all kinds of stuff. He was telling everybody he was Jesus and he had two eyes in the

center of his head and everything else. Dude, don't tell people that. That's just crazy. He said, it is kind of crazy, isn't it? I said, yeah, it's crazy. You don't need to tell people that. Nobody says that to crazy people, do they? Just tell them. We love you here. We're going to help you. We want to help you be better,

get better, even if you're already excellent. We want you to be even better. We want to take you to better, get better, even if you're already excellent. We want you to be even better. We want to take you to a better place. It's what we do here. So we're glad you're listening. We're glad you're hanging out with us. But here's the thing. Normal in America is broke. 78% of Americans have too much month left at the end of the money. They spend everything they make and then some every month. That's 8 out of 10 houses on your street are broke. You ever drive down a middle-class street and they got upper-class cars in the driveway?

Tells you there's a problem. You can just count the payments is what you're doing you ever drive down a upper class street and notice the middle class cars in the driveway i was with a billionaire the other day that's a thousand million that's a lot he's driving a 20 year old merold Mercedes. It looked like crap. I'm like, dude, you need to get a car. Really, you got a billion dollars. This is freaking pitiful. I like my car, Dave. Don't give me a hard time.

Don't give me peer pressure. You're Dave Ramsey. Dude, you got a billion dollars. Get you a car. This thing's awful. But you know, one of the ways he got a billion dollars, he didn't care what you think. He didn't care what I think either, by the way.

He's not going to buy a car. But you ever notice that middle-class people drive upper-class cars and wonder why they're broke? Upper-class people drive lower-class cars and they know why they're not middle-class anymore. Interesting world we live in. We're here to help you. You jump in and we'll talk.

Open phones at 888-825-5225. This is the Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options? Do you wish you could find an affordable, biblical solution to your health care costs? Based on New Testament principles, Christian Health Care Ministries, or CHM, helps Christian families, churches, and ministries join together as the body of Christ to share their major health care costs. Christian Health Care Ministries is the original health cost-sharing ministry. A Better Business Bureau-accredited organization, CHM members share to pay each other's medical bills. It's not insurance. It's Christians financially and spiritually supporting each other. It's what Christian Healthcare Ministries has done for over 35

years. And our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. Thanks for joining us, America. Mark is in Baltimore, Maryland. Hey, Mark, how are you? Let me try pushing the button again. There we go. Hey, Mark, how are you? Let me try pushing the button again. There we go.

Hey, Mark, how are you? I'm fine, and yourself? Better than I deserve. What's up? Well, the reason I'm calling today is to talk about bankruptcy. So my wife and I, combined, we have about $134,000 in debt. $100,000 is student loans, and the balance would be credit card debt. We recently met with a financial advisor, and they suggested that we file for bankruptcy because it would take us a long time to pay off that debt. They suggested saying that it would be better for

us to just start fresh, and I just wanted a second opinion. What is your household income, sir? Combined, it's about $85,000. Okay. Do you have any car debt? Car debt? Mm-hmm.

No, our cars are paid off. Okay. What are your cars worth? I would say about $20,000 combined. Okay. All right. Well, here's the facts that the quote-unquote financial advisor didn't know, apparently, or he wouldn't have given you such stupid-butt advice.

Student loans are not bankruptable. Yeah, we did talk about that during the conversation. They never go away, but he was just thinking in terms of the amount of credit card debt we have. File bankruptcy. We don't really have a lot of that. Wait a minute, wait a minute. This moron suggested you're bankrupt with $34,000 worth of credit card debt with a household income of $85,000.

That's absurd, dude. That's what I was thinking. That's absurd. Because the $100,000 worth of student loan doesn't change anything because it's going to be there regardless. It's not bankruptable. So we're dealing with you're going to file bankruptcy on $34,000, making $85,000. No, you should pay it off in one year.

In a year? Yeah, one year. Live on $50,000 and pay it off in one year. Take six extra jobs. Sell so much stuff you can't breathe. No eating out. No vacations. And you're 100% debt-free in one

year. What are your cars worth? Yeah, our cars are worth about $20,000. Okay. Each? Hers is newer. Mine's a little bit older. What's hers worth?

Hers is worth what? About $13,000. Mine is about $7,000. Okay. Well, you can do what you want to do. If I woke up in your shoes, I have to tell you I've worked with families that were in dire straits over the years that were forced into bankruptcy. You're not one of those.

If you choose to file bankruptcy, it's just because you're too dadgum lazy to address the situation. Let's even say you did it over two years. It's only $17,500 a year, and you're debt-free other than your student loans. I'm not talking about the student loans will be gone in one year. I'm talking talking about the student loans will be gone in one year. I'm talking about the credit card debt will be gone in one year. So how fast do normal people that call the Dave Ramsey Show, that work our plan, pay off $134,000 making 85? About four years probably.

About four years? Yeah. That's the normal routine for people around here. That would be student loans and everything. And, you know, I would not move down in car initially out of your wife's car into a $6,000 or $5,000 car initially. I might end up doing that as we go along. We'll see how it goes. What do you do for a living, sir?

I'm an operations manager. Okay. And What do you do for a living, sir? I'm an operations manager. Okay, and what does she do for a living? She's a pastor. Okay, all right, cool. Does she ever do any outside speaking for money? No, she does weddings, but that's about it. Okay. Does she do speaking?

I mean, does she speak on Sunday mornings? Yes, she does speak. She preaches Sundays. Okay. All right. I mean, I wonder if, you know, she might do some pulpit fill-ins occasionally for somebody that was ill or on sabbatical or something,

and that congregation pay her a little bit, or maybe she works in evangelistic outreach and they pay her a little bit for her speaking skills, or maybe dot, dot, dot, you do something. I don't know. I mean, if you add $10,000, $15,000 a year to this equation of income and you guys tighten down your budget to nothing, I mean nothing, where you have no life because we're going to clean this mess up,

you can clean up the whole thing in four years. Maybe three, but four for sure. And you can clear up those student loans really, really, really fast as a part of that equation. I'm sorry, that credit card debt is a part of that equation really, really fast. But you've got to cut them up, you've got to quit using them, and you've got to stop living the way you've been living, because it's not working, agreed? I understand. Does that make sense? Yes, it makes sense. to stop living the way you've been living because it's not working agreed i understand does that make sense yes it makes sense yeah the bible says that no discipline seems pleasant at the time

but it yields a harvest of righteousness you guys make good money so i know you're not stupid people you're not dumb you're not dumb you just You're not dumb. You're not dumb. You've just been doing some dumb things, which makes you just like most of us. I did a lot of dumb things in my life, dude, with money in particular. That's how I ended up teaching this because I got a Ph.D. in DUMB. But, you know, I don't know who it was that gave you this advice, but you need to stay away from them because they gave you really, really bad advice. That's my opinion. I think you not only can work through this, I think you should work through this.

I think it will be a testimony to God's power in your life that you turn this around and that you attack it and attack it and attack it and that you can start having this sense of self-control, this sense of discipline, and it will change your marriage on communication levels. It will lower the stress when you're working the plan together. And you can do anything. How old are you guys? She's 28.

I just turned 32. Excellent. So when you're 36 and she's 32, you're debt-free. How does that feel? So you said there's no life, no vacations, no eating out. For a short period of time.

For a short period of time. You live like no one else so that later you can live and give like no one else. Think about how much money you would have and how wealthy you could become and how generous you could be if you didn't have any payments right now. Oh, my gosh.

Think about the peace that would be in your house, the stress that would be gone. See, it's worth it to pay a price to win. But there's a price to be paid, dude. There's a price to be paid. You're in a hole, and you don't get out of a hole by jumping out, usually. You climb out, scratch and claw and pull and dirt under your fingernails. You know what I'm saying?

You can do this, man. I'll help you. I'll help you. I want you to go through our nine-week class on how to handle money, and I'm going to pay for it. It's called Financial Peace University. You hold on, and I'll have Kelly pick up, and we'll get you and your wife signed up. I'll show you how to not file bankruptcy.

You are not bankrupt. Not even close. Thanks for the call. Open phones at 888-825-5225. You join us, America. We are glad you are here. Robin follows me on Twitter, at Dave Ramsey. Which is wiser, Dave, a lump sum pension and a rollover?

Or monthly annuity checks? Well, a lump sum and rolling it directly to an IRA, where there's no taxes, in good growth stock mutual funds. That will cause you to make more money monthly than the monthly annuity check would have been because it is based on a lower rate of return than the mutual fund should perform at. And when you die with a pension, the money's gone. It goes to pension heaven, not to your heirs. But when you take that lump sum and you roll it over into an IRA and you die,

it's still there when you die. It goes to your heirs. But when you take that lump sum and you roll it over into an IRA and you die, it's still there when you die. It goes to your heirs. So you make a higher rate of return while you're alive and a 100% higher rate of return when you die because they don't keep your money when it's in an IRA. It's still there for your family. Always do a lump sum rollover if you're going to put it in good mutual funds and a direct transfer into a good IRA with mutual funds so that you don't have any taxes. Let me tell you a story about two families that are very much alike in a lot of ways.

Both families have two working parents and a couple of young kids. Each has debt and a struggle to make ends meet. But they're starting to make headway with their budgets and smarter decisions with money. They have dreams and plans, and the only real difference is that one family has the right amount of term life insurance and the other doesn't. Big difference. If one of the parents die and that does happen, their well-being would be destroyed. Paying for the mortgage, utilities, food, and other bills would be impossible let alone saving for education or retirement that's why every day i talk relentlessly about getting term life insurance just go to zanderinsurance.com or call 800-356-4282 and see how inexpensive it really is

be the family that takes those deliberate steps to be different and responsible. It really does make you the hero of your story. We're glad you're here. Edward is with us in Wilmington, North Carolina. Hi, Edward. How are you? I'm good. How are you, Dave? Good. Welcome to Dave Ramsey Show. How can I help? My wife and I are looking at downsizing, partially to help clear up some debt. Our income has gone down about 40% in the last two years. Why?

Compensation because of health care. My wife is a physician, and compensation from insurance companies and whatnot has gone down considerably. And we built our dream home and moved in about six and a half years ago. And it's a wonderful place, but we are becoming a house floor because of the lack of income. What was your household income before, and what is it now? It was about $480, and this year it was about $275. Okay, and most of that is her?

Correct. I work two part-time jobs and care for our three children. Gotcha, and how much do you owe on your home? About $840. And what is the payment on that? Just, it's like $39.95. It's just short of $4,000 a month. Gotcha.

Okay. Now, it's on the intercoastal waterway, so we have real heavy insurance and flood insurance and taxes and whatnot, too. So our monthly, you know, when you get a factor in taxes and insurance, it's considerably higher than when you get factoring taxes insurance is considerably higher than that gotcha okay all right and uh you have no other debt or is this it oh no we have about 150 which is a mostly credit cards and student loan okay we've kind of accumulated those credit cards over the last few years of trying to figure out you know whether we were gonna whether compensation was going to you you know, return to previous levels.

And we just don't want to live house poor any longer. And the house is probably worth about a million and a half. So we're looking at getting a house back in town, we've actually found one that if we purchase it, it'll be on a 15-year, and it'll be a little under 25% of our take-home. Okay. And what I was looking at was with the amount of equity we have in our current home, we can pay off every bit of debt we have except for what we'll have on the new house, which depends. And still be at that number, the 15% number, or the 25% number of 15-year. It'll be a little bit under, actually. Okay, yeah, but that clears the debt and everything.

Clears all the debt except for what we don't pay off. Yeah, I'm definitely doing that. And that all sounds like it's very wise, especially to the extent that you feel like that this is permanent. This change in income is permanent, and there's nothing you can do to fix it. You know, a change in direction with the way she practices or what she does or, you know, is there a whole new business model that she can go out or practice with that changes it? But even then, if that worked and she got her income back up to a half a million, you could buy another house. Exactly.

That's what I kind of told her. I said, if we do this flip, I've been crunching the numbers, and we're going to be $5,000 to $6,000 a month to the good at the minimum. Yeah. And we have 16-, 13-, and 10-year year olds we're looking at more cars to purchase more insurance for cars colleges coming up but we we have about three quarters of a million in retirement savings we have 529s for all three of the kids that we've been funding since birth you know we have proper insurance and again and we don't need to go crazy on kids cars here the point is the thing is i don't want you to move down and relax the pressure to figure

out is there a way to get the income back up i want you to move down and keep the pressure on is there a way to get the income back up just for the fun of it because you know once you have me and it's sure fun to make it again exactly and the house we're moving into to me is not a step down it's a beautiful house it's i mean it's it's a house that everyone would love to live in it's you know i'm not going to be able to see the sun come up over the atlantic every morning but i can live without that yeah and again it doesn't have to be permanent and it's not like oh it's a great house so we're just going to relax i that's the thing i don't want to do here i don't want to just accept defeat i don't mind moving down you know pulling back to get back behind the wall and but now we're going to fight again we're back behind the wall you know we can

you know we're not taking fire we're not you know we got we're back undercover again okay we retreat enough to get undercover in the battle but we we're not going to surrender to that. We want to take that ground back again someday. But for today or for the next two years or whatever it takes to turn it around, absolutely I'd make this move, definitely make that move. It all sounds very logical to me. Good question. All right, Derek's with us in Phoenix, Arizona.

Hi, Derek. Welcome to the Dave Ramsey Show. Hey, how's it going? It's an honor to talk to you, Dave. You right, Derek's with us in Phoenix, Arizona. Hi, Derek. Welcome to the Dave Ramsey Show. Hey, how's it going? It's an honor to talk to you, Dave. You too, sir. How can I help? Yeah, well, your Total Money Makeover book just changed our lives. I got it as a wedding gift, and it was the best wedding gift.

We implemented it and paid off $23,000 of debt in eight months, and that has been debt-free since, so it's been awesome. My question to you, and I need your help with this because sometimes I feel like I'm controlled by fear and overthinking. When do you quit your day job, which is good, to go full-time entrepreneur? Do you have the entrepreneur gig running? Yes. What my wife does, she sells the clothing for LuLaRoe, and she's doing very good at it. And so I work for a local government near in town as a mechanic,

just trying to figure out when that time is to leave that retirement and benefits and security. You would leave the mechanic thing to sell women's clothing? Yes. Are you already involved in the business? Yes. She's been selling it for a year and a half. She's killing it. She makes in one week what I make gross in a month as a mechanic.

So I would be going full-time helping her with invoicing and shipping in the back office stuff while she sells all the dresses and skirts. Okay. And what do you make? I make $52,000 a year. You can't hire somebody cheaper than $52 52 000 a year to work in the back office shipping stuff would that be the the best route to go is well let's pretend okay you walk away from 50 in order to do a job you could have hired somebody for 20 to do

that comes up 30 short well she she grosses she's grossed 210 000 so far this year i don't care what she grosses okay unless you're gonna add more to her business in savings okay or in revenue than what you are making now then it's not making sense. Okay. Because grossing $210,000 is fine as long as your expenses aren't $310,000. No, yeah. She's got cost of goods sold out of that. That's not profit we're talking about there. Yeah, net is around $100,000 out of that. She's going to have taxable income of $100,000, and she needs somebody to do her shipping.

She needs a lot of help. We're working two full-time jobs, and we're working from 8 a.m. to 10, 11, 12 sometimes. Mm-hmm. Okay. So the question then becomes, what are you going to add, not can you quit? Okay. So it's just a business perspective. Because the other thing that's scaring me if if this thing uh fads out on you

then you're both out of work if you quit yes if it flames out on you if the fad passes on this particular clothing line five years from today is this thing still operating this is a multi-level deal right uh well we're i guess you'd call it multi-level marketing. No, I would call it multi-level. It's a network marketing thing. You're recruiting people. No, that's the misconception of LuLaRoe. I buy wholesale and sell retail just like a discount tire store buys Michelin or Cooper tires. You don't recruit people?

You can, but I don't. Yeah, you can. I thought so. Okay. So, dude, seriously, own it. No, I would hire somebody to do the shipping for $20,000 first, and then when it gets so big and you're making so much money that you can't see that you're bailing the money

and you want to quit then, that's fine. But right now, I think you're caught up in the hype. This is the Dave Ramsey Show. Thank you for joining us, America. Grant is in Phoenix, Arizona. Hi, Grant. How are you? Hi. Living the dream, Dave. How are you doing? Just the same, sir. How can I help? Excellent. I've got a little predicament.

I've got my $1,000 set aside, and we've been paying down our bills. But I have a rare type of kidney stone that I create about every three months. And so my medical bills keep going up and my debts keep going down, and I'm kind of treading water and not getting anywhere. Wow. Okay, so the first thing I want to know, having had a couple of kidney stones, and I am a serious wuss when it comes to pain, is what are they going to do to stop this? This is not okay.

Yeah, we're trying everything we can. There's an experimental medication that we can try, but the type that I have, I just keep creating them. Yeah, but I'm not doing this for 40 years, so this is not okay. Right. I agree. Believe me, I'm doing everything I can to get them to stop. I've lost 42 pounds. I'm trying everything.

I'm talking to all the doctors trying to get it to stop. Wow. It's a disease called Cysteria. Yeah. I never heard of it. The pain is unbelievable. How much... Are you still overweight then?

Is it associated with obesity? Well, it's not, but the only... So I had them in high school, and then I didn't have them for 19 years, and the only thing that happened after 19 years was I gained weight, and that's when I started again. So I'm trying that, hoping that that might be it. Yeah. Okay okay so what do you weigh now so i weigh about 260 now okay and you lost 40 pounds you said 40 i've lost yeah about 43 pounds and i'm still going i'm still still doing going strong on that okay okay good news good for you well well done thank you yeah i mean with that kind of pain though you can learn to do a lot of different things. Wow, ouch.

So, you know, because I'm not only mildly curious about this in terms of, bless your heart, the pain you've got, but the truth is that the financial troubles are going to continue as long as you continue having a $10,000 bill every three months, right? Exactly. And I assume you've got health insurance. I do. So when you have a kidney stone event, what is your out-of-pocket cost? Between $2,000 and $6,000 per. Yeah. Okay.

And what is your household income? About $60,000, $65,000, I think. Yeah. And so if you budget $12,000 a year for medical, out of that, it does make it hard to get some traction. Right. Well, especially with our credit card debts that we've paid off $25,000, but we still have about $30,000 left. So we're making headway, but the hospital bills are going up at the same time. Yeah. I would just give you permission to let's win this medical battle and not expect huge headway until you do.

Yeah. Because you take $60,000 minus $12,000, and then by the way you want to eat out of that too, you're not going to make mega, mega headway on this debt until you solve this medical problem. But if you can stay even, not go in the hole, and or make some progress while you solve this bigger issue, then as soon as that's gone, you know, you're going to be a new man in so many ways. Right.

So, I mean, I just cannot see this being something that you go, oh, twice a year I have a kidney stone for the next 40 years. That just is not a tenable scenario to me. So I think something is figured out here along the way in the process. I just can't imagine. Maybe there are people that do that. I don't know. I've never heard of that, but that doesn't mean it doesn't exist. I'm not a medical professional by any stretch.

But let's say that it takes two years to solve this, and that's $24,000 out of pocket that's coming up. Well, that's just going to be what you're fighting. You just got this thing you're fighting, and it's going to slow down your progress. It's not going to keep you from making progress, but it's going to slow it down. And just give yourself permission to do that, and let's win the battle that you're fighting. And that's the battle for your health, to get your health back. God bless you, sir. Wow. Ouch.

Brooke is with us in Tampa, Florida. Hi, Brooke. How are you how are you i'm good i would ask how you are but i think i already know the answer to that um i was actually calling i was wondering um i remember you mentioned you you know you worked a lot through school and i had questions more so on the time management aspect of it like I'm 24 I have a little bit of student loans that aren't due yet but I've now that I've turned 24 I'm getting like a lot more in grants so I probably won't you know even have to look at them again until I have to pay them so I won't be really adding anything to it but I'm trying to work as

much as possible but I know yeah but do you have to it. But I'm trying to work as much as possible. But I know, yeah, but do you have any advice for time management? Like trying to adult being 24 and trying to get, like, through some of the baby steps or also trying to go through school. It's just a lot, and I was wondering what your time management is. Did I have a learning disparity which makes everything take a little longer on the school side? Well, the first thing you do is you budget, obviously, your time for your classes, and then you budget your time for your study around your classes, and then you budget work.

Social comes after that. Most people, if they throw a brick through their television, they find about 30 hours a week. And that's pretty amazing right there. I mean, people ask me how I read so many books a year. I just don't watch a lot of TV anymore. And I'm not mad about television. I don't think the devil is in there, although he probably is having a pretty good time there.

But it's not like it's something like that. It's not like a spiritual thing. It's just a matter of what do I want to spend my time on that gives me my best life. I'll spend my time on grandbabies, children, wife, me, work, reading. These are a long time before I spend my time. So just being intentional with your time, you'll be amazed how much time. You'd be amazed how many people spend two hours a day on Facebook. Now, you talk about a colossal freaking waste of time.

There's one. getting away from time wasters and budgeting my time, is your best income production things at your age while in school when you need to control your time are typically some kind of self-employed or straight commission slash self-employed idea. At 24 years old, you can make more money nannying and babysitting. You can make 15, 20 bucks an hour doing that. You can make more money cleaning people's houses. You can make 25 or 30 dollars an hour doing that. And neither one of these things require extreme levels of skill i mean yes you obviously

need to know something about children and it would be good if you had cpr at the y you'd taken the class and gotten certified and so on right but and you know those those sorts of things but you can make really good money and control your time or book the times that you're willing to do those things around your classroom time doing that so do away with the time wasters intentionally budget your time and look for self-employed and or straight commission ideas where when you work you get paid very well and you control when you work, and you work a lot. I was selling real estate in college. Now, that's a very unusual college activity, but I grew up in a real estate household.

Mom and Dad owned a company when I was growing up, so I got my real estate license three weeks after I turned 18 years old, and I worked 40 to 60 hours a week selling real estate. But that means I worked every weekend, but that's what a lot of real estate people do. They work Saturdays and Sundays showing houses. They work in the evenings showing houses. And evenings, Saturdays, and Sundays aren't usually when you do college. So it worked out pretty good. That's the kind of stuff I did, bro.

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