The Ramsey Show - App - My Fiancée and I Broke Up...Should I Sell the Engagement Ring? (Hour 3)

Episode Date: October 20, 2021

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Thank you. Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studio, this is The Ramsey Show, where America hangs out to have a conversation about your life and your money. I am Rachel Cruz, bestselling author and Ramsey personality sitting beside me. Today on the show is Christy Wright, bestselling author, Ramsey personality, host of the Christy Wright Show, and real-life friend. Yeah, real-life friend. We're taking your calls, working together, and getting to have a little fun in the process. That's right. So you can give us a call at 888-825-5225. All right. We have Jeremiah in Roanoke.

Hey, Jeremiah. Welcome to the show. Good afternoon, Rachel Christie. Thanks for taking my call. Sure. Absolutely. How can we help? Well, I wanted to jump right into my question before I give a 10-second plug.

Thank you for everything you guys are doing, educating the nation on the student loan crisis and the alternates. By God's grace, I am actually in the dissertation phase of a doctorate and have been able to make it the entire way through without a penny of debt. So it is helpful. I appreciate you getting that word out there. Can I ask you a question, Jeremiah? How did you do that?

Because people think that's impossible. You'd think it was impossible, but no, it's not. It was a combination of there were some scholarships early on, an undergraduate for my graduate degree for a master's. I found out that the school that my wife wanted to get a bachelor's in nursing in, if I had any job there, she got preschool and I got preschool. So I worked security for the time I was there, and we got preschool that way, and the rest have been cash flowing.

Wow. Amazing, Jeremiah. Way to go. Well done. Well, well done. All right, thanks for letting me interview you for a second. What's your question for us? All right, so my wife and I, we are currently on baby steps four through six.

We have a home right now, but we're starting to outgrow it. So we paused and went back to 3B and have been just stocking it away, saving up for a down payment from a building standpoint. Right now we have about $125,000 in equity on our existing home. We've got about $40,000 above our emergency fund that is saved for the home we want to build, looking to have about $100,000 cash on hand for the down payment for the build. It's going to take us probably another 12 to 18 months to get there. I'm getting a little anxious pausing this long. I'm four, five, and six. I feel like it's a wise plan. I

guess I just wanted to run the numbers by you, make sure y'all felt that was a good plan. Jeremy, how old are you? I am 37. You're 37. And so your question is pausing 4, 5, and 6 to continue to build on this Baby Step 3B is going to take you guys another probably, what, six months, did you say, six months a year? About 12 to 18 months of beyond where we're at right now. And that will be 10 to 20% for your town payment for the build? Or is that more? That will be 20% for the build. And then once the build is completed and we sell our existing home,

we would have, Lord willing, somewhere over $100,000 of equity that we would apply towards a principal on the new build. Okay. Well, Jeremiah, I'll say this. You're fine. I understand that 12 months of pausing retirement is kind of freaky, and you're like, oh gosh, but you're going to be able to make up for that so fast, not just with your age, but the fact that you guys already are going to have so much equity going into this home. You're going to get to baby steps four, five, and six really quickly. Maybe even baby step six, you may be able to pay off this house, even the new build. I didn't even ask the numbers, but faster for sure than that 15-year

mortgage. And that's going to give you more cash to go and invest other places, not just retirement. I mean, you guys can open up a mutual fund. You can invest in real estate. You guys are going to be totally fine. I mean, if you're 65 with no savings, no retirement, this is a different conversation.

But you guys are in a great spot. And I understand the feeling of still pausing retirement feels like, but as much cash as you can put towards and get hit that 20%, you can avoid PMI. I mean, there's, there's a lot of pros here in the short term and in the longterm, you're just not gonna be that affected by it mathematically. Yeah. And it's just, it comes down to what's right for you at the right time. This is right for you right now. You've decided this is a priority. And so it's just a temporary redirection of your funds and

your focus. And then you're going to get right back on track. All right. Coming up next is Forrest in West Virginia. Hey, Forrest. Welcome to the show. Hello. Hello. How can we help?

Yeah. So I have a question about a debt situation. Me and my wife, I brought in about $58,000 worth of student loan debt and she brought in about $16,000. And I just got a job as a teacher and she's an engineer, so it was looking pretty good as far as paying off the debt. But she's wanting to stay home with our son now, so I was wanting to know if is there any way that we can really make this possible anytime soon? Or is this something we're going to have to power through?

How much are you guys making a year together? And then how much would you make if she stopped working? About a hundred grand. Together we are. Okay. But we stopped working and it'd be about $35,000. Well, about about about 49 000 because i'm a youth pastor too and they pay me a stipend but okay um but uh that'd be about how much we'd make yep okay um well again we we took a call like this in the last hour and for us this is this is one of these questions that it's it's kind of a value system conversation to have. And we talked to a lot of people on the debt-free stage and they say, you know, the things we wanted in life, we paused, including staying at home because we wanted this debt knocked out. And the fastest way

we could do that was with, you know, two incomes coming in and just knocking it out really quickly. And then having no debt, you have so many options beyond that. Some people say, no, this is something that I feel called to. Like I'm going to be home and figure out maybe a way to earn some extra money while home. And it's going to take us a longer debt-free process. But we just know the deeper you sacrifice lifestyle, the more income you're bringing in, the faster, obviously, mathematically, you're going to be getting out of debt. What's the age of your – do you have one child or how many kids do you have?

I have one. He's 15 months old. 15 months. Okay. Yeah, I agree. And I know that some of the things that go into that decision are the ages of kids. Because some people think, oh, well, when my kids are in school, like, I don't mind going back to work at all. I just want to be home in these, you know, young years.

And these are all things you guys should talk about. So it's kind of a more extreme example of where someone says, oh, should I cut out all television, all cable, all everything to get out of debt? Or am I going to keep my cell phone and maybe it takes me a little bit longer? So there's a range in there of how gazelle intense you guys want to get and what other things that affects, like how old your son is and whether or not you want to be home. You will get out of debt faster, obviously, with two incomes. The thing that I like to do, Forrest son is and whether or not you want to be home, you will get out of debt faster, obviously with two incomes. The thing that I like to do for us,

and this is something that you guys can have this conversation is I don't like to bad options like, Oh, I'm going to work full time and not feel like I don't get to see my kids or I'm going to be in debt forever. What is, is there a third or fourth or fifth option where she's working from home or starting a side business or doing a virtual assistant where maybe there's a happy medium and you just look at other options

to consider as you plan your next step. That's great. Yep. Looking at all different options. Yeah, it doesn't have to be A or B. Right. There's other things out there for sure. That's a great question, Forrest.

Thanks for calling in. This is The Ramsey Show. show. In an uncertain world, being a good steward of your money is more important than ever. While some circumstances can't be controlled, there are items within your budget you can take charge of, such as your health care costs. For nearly 40 years, Christian Health Care Ministries, or CHM, has provided a budget-friendly means of sharing for medical bills when our members need it. Learn more by visiting chministries.org slash budget. That's chministries.org slash budget. Christian Health Care Ministries is a Ramsey Trusted Provider.

Welcome back to The Ramsey Show. I am Rachel Cruz, and with me hosting today, Christy Wright. And we are taking your calls at 888-825-5225. All right, up next from Canada, Ontario, Yuzette is with us. Hey, welcome to the show. Hey, guys. Rachel, Christy, thanks for taking my call. Sure. How can we help?

So my wife and I finally got married back in September, and we are expecting a child in February. Yeah. Congratulations. Amazing. Thank you. Thank you very much. And so right now we've been saving up some money in savings, and we're driving a hoopty we just have one car

um and i kind of feel like it's coming to the end of its life i gotta check it has a couple problems uh you know check engine light 300 000 kilometers um i've got it checked out they weren't 100 able to tell me what was wrong with it so So I'm going to get a second check done on it. But essentially, you know, I'm just wondering when will be a good time to move up in vehicle. We have about 12,000 saved up right now. But since we got married, I also took on some of her debt. So it went from baby step three, back to two. And we have about $35,000 in student loans debt there. And that's about it. Okay. So when it comes to the car situation and considering where you guys are in the baby steps,

I mean, obviously you're going to be paying cash for the next car. And the baby comes in February, you said, you guys. Yes. So what do you think you could sell it for? Have you Kelly Blue Booked it all, the current car you have? Yeah, I mean, with the, you know, the kind of work that it needs, no more than like $500 or $600 probably.

Okay, okay. So it really is a hoopty is what we say. It is a 2003 Honda Element. Nice. Okay. So it really is a hoopty is what we say. It is a 2003 Honda Element. Nice. Okay. Hey, that's pretty good. It's lasted a good bit. I like it. I like it. It has a really bad

vibrating problem right now at highway speeds as well as transmission solenoid I think it was. It's got a few problems. Well, my rule of thumb always, again with cars, is this is something that gets you to point A to point B. And in this situation, you want something obviously reliable. But it is amazing to me how many $5,000, $6,000 cars are out there that are great cars that will last and are reliable and can get you through this. So I don't want you, when you do replace the car, obviously to buy anything crazy expensive.

This, again, needs to get you to point A to point B. And so you're not going to be spending a ton. And I would take that $12,000. I mean, maybe take $5,000 of it. Go buy a Honda Civic. I always use Honda. I don't know why. They go forever.

I do. I know. A Honda Toyota, something that just goes. Yeah, I like the Hondas. I don't know why. I know. They go forever. I do. I know. Honda, Toyota, something that just goes and is predictable. Yeah, I like the Hondas. The Hondas are pretty good. Toyotas, they have longevity. I was looking at a CR-V at around hopefully, I don't know if five grand was a bit

too much, but they seem like whenever I seem to find one, it just seems to sell like right away. So is it something I should maybe pull the trigger on if I see a good deal on or just wait? I was hoping to get into a new car by the time the baby comes around. Yeah, I mean, I would say at this point, I mean, if your car is worth 500 and you still

have to do maintenance on all of it, I mean, it's inevitable. You're going to have to get a new car soon. So yeah. So yeah, if there is something and again, you guys talk it out, see what you're comfortable with. And then I really want you guys to lay out the rest of this money because you're going to be able to knock out some of this $35,000 with your savings, keeping that $1,000 savings count. But I want you guys still focused on getting this out. I know you're in a fun new season.

You're newly married, baby on the way, all of it. But getting this $35,000, that needs to be the biggest priority. And so the car plays into it. Yeah, we're on a budget. You know, we have both read, it is Dave Ramsey's Complete Guide to Money, which, you know, people found super helpful. My boss gifted it to me. So we're on a monthly budget. I guess the side question is when would be a good time to sort of, I know you guys say, you know, the pause when we're expecting or just emergencies in general. So when would be a good time to sort of take what we have saved up and just start tackling the debt again? That's a great point.

I totally forgot about that. I'm obviously in the third hour of the show. Yeah, you guys don't need to be. That's right. You need to be, yes, saving. You're doing exactly right. And when the baby comes, you guys are home from the hospital mom's good baby's good that's when you go and take the rest of that cash yes and pay it off you're exactly right pausing baby step two while you're expecting um is what we recommend so i would i would continue

to do that yeah and you're going to get a position to take about half of that get you a better car that's going to give you peace of mind when the baby's here and then keep saving between now and then and then take that and put everything other than $1,000 at that debt and you'll just keep checking. That's right. Great job. Alright, up next we have Tony in Fort Lauderdale. Hey Tony, welcome to the show.

Hey, can you hear me? Yes, we can. What's going on? Hey, well it's really cool to be talking to both of you. I really like the podcast. And thanks for taking my call. Thank you. To be brief, I would say that after I read this whole money makeover like two years ago, I've been trying to do the Dave Ramsey plan and, you know, continue on that route.

But, you know, obviously I've made mistakes down the road but in the last couple months you know me and my girlfriend that we had been dating and living together for six years she decided to kind of leave break up whatever you want to call it so we're going through a transition right now so my two questions are I don't know if you guys have any great advice or like any best places to recommend selling an engagement ring. So I bought one for like $5,400 like in 2019. I just haven't presented it just because, you know, I just never really saw an opportunity. And then this came up, obviously. Yeah.

And then the second question is like going through a transition, like, you know, leaving your current home and then, you know, starting a new rent by yourself, is that a time to, like, stop the baby steps temporarily and, like, go a little bit more into savings to try to, like, re, you know, discover your new bills? Well, how are you doing, Tony? I mean, you broke up with a long-term girlfriend that you had a ring for for a few years. Yeah, no, I mean, it's definitely really sad.

Luckily, you know, I've got a good group of friends and stuff, and, you know, I don't necessarily know if there's, like, you know, something on her end that she's not telling me, like, mental health or drugs that has to do with why she's parting. But, like, you know, so it's not like I've got like any great answer for why we broke up. But like, you know, mentally, you know, I've read a codependent no more. And, you know, I'm trying to just stay positive. Yeah.

I'm sorry you're going through that. Yeah, that's that's hard. As far as selling the ring somewhere specific, there are used jewelry stores. I mean, there are places that do that. I don't know if I know somewhere specific in Fort Lauderdale. I don't know if you do. No, I think you just do a little bit of research. I mean, it's just going to take some asking around.

You could literally go to jewelry stores. I mean, you could sell it yourself, like we say, private party with um i mean you could sell it yourself like you know like we say private party with a car you can sell it yourself yeah um you could do that on craigslist facebook marketplace i mean if you do you have debt yes um yeah i do i have uh i can list it out if you guys want. Just how much? Yeah, total. Total is $12,700 on a personal loan, $9,400 on a car, and then another $4,000 on an annual. Okay. The reason I asked is because that creates a little bit more urgency. If you didn't have debt, I'd be like, well, you can kind of hang on to this ring until you really find a good price for it that you feel good about selling it for. It's a little bit more urgent with this debt because you could take the money that you're

going to get from it and put it on that debt. But I think as far as selling it, where to sell it, you literally treat it like as if you were going to make a big purchase and you're going to ask around. Who can you get the most? Where can you get the most money for it? Do a little bit of digging, whether that's private party through Facebook Marketplace, Craigslist, whatever. If there's a jewelry site, like a consignment jewelry site, and asking some jewelry stores.

Just asking around a little bit, I think, will tell you how to go about that one. Yeah. And then I would not stop the baby steps, Tony. I mean, at this point, I would still continue on. Don't go purchase a home if you're moving out of your place. Rent for a little bit and start working on tackling this debt. But with money from that ring and everything, it should help you in it. So I'm sorry, Tony, you're going through that, but I appreciate, appreciate your call. This is

The Ramsey Show. work doesn't have to suck there's a reason you can't shake the feeling you were meant for more than just another J-O-B. 61% of people aren't even engaged at work, let alone doing work they love. That's why Ken Coleman, America's career coach and national best-selling author, wrote his new book, From Paycheck to Purpose, The Clear Path to Doing Work You Love. And it's available for pre-order right now. If you're looking to change jobs, get hired, or trying to figure out the work you were uniquely made to do, you need this book.

Ken walks you through the proven stages that landed him his dream job and thousands of others. Plus, if you pre-order from paycheck to purpose today, you'll receive our Get Hired bonus pack, valued at over $100 for free. It includes the audiobook, e-book, resume, templates, the Get Hired digital course, and more. Pre-order from Paycheck to Purpose at RamseySolutions.com. welcome back america i am rachel cruz and with me co-hosting today is christy wright and we have some fun things kind of going on here at ramsey solutions and um and and some stuff because it's been a hard 18 months, 24 months for a lot

of people. Well, and the whole heart behind this show is to help you guys get control of your money. And the good news is this show is a great way for you to have that ongoing inspiration and encouragement, hear the stories of people, hear the advice that maybe you have a similar question. But the reality is we also have a lot of tools that help you put this into practice. And I know that the last year and a half has been really hard. I know a lot of you have experienced a ton of stress, a ton of worry, a ton of wondering what's going to happen next. And man, the unknown is just so overwhelming. It's just the fear of not knowing what's going to happen. You've probably felt that with your money. You felt tired, stuck, stretched too thin. We've all been there, but it doesn't have to be that way. You just need a plan because the plan gives you the confidence that you need, even when everything

else seems out of control. And that plan that we have created, that is proven that we have used to teach people to get out of debt and build wealth is called Financial Peace University. This class will teach you everything you need to know to save money, pay off debt and build wealth for the future. You can stream the lessons on your own or you can get support by going through the class with other people. Then here's what you'll do. You'll put that plan into action with the premium version of our EveryDollar budgeting app. It actually syncs your bank to your budget, and you can easily track your spending and see where your money goes. You get all this with a Ramsey Plus membership. This is why we talk about Ramsey Plus. It is our class that teaches you what

to do with your money and our budgeting tool that helps you put it into practice and live this out every single day. You don't have to stay exhausted and overwhelmed. You can win with money to start your free trial of Ramsey Plus. Text trial to 33789. That's trial to 33789. Give it a try for free. Practice this budgeting thing.

Watch some of the lessons and watch how you instantly reduce the stress. You reduce the overwhelm because you have a plan. You have the tools and you know what you need to do to get control of your money. That's trial to 33789. Trial to 33789 to start your free trial of Ramsey Plus. Take the class and get the budgeting app. Yep. And a lot of people that call in to do their debt-free screen, there's something that has helped them. Listening to the show helps. A lot of them say Financial Peace University and getting more content and more knowledge on how to apply it. Talking with friends and having community around you. I mean, there's so many aspects to this journey and Ramsey Plus gives you so many

of those tools right there. So it is, it's such a helpful thing. And again, Financial Peace University, it's our flagship program that has helped literally millions of people get educated. Like this is, it's always, it's mind boggling to me. I've done this, you know, I've been in this for 12 years now, but still I'm like, you can graduate from college and you don't have a class, you, you haven't been, you haven't gone through a class necessarily on the basics of budgeting and insurance and emergency funds and the difference between money market accounts and mutual funds. Like the basics of personal finance, the class that you need, it is Financial Peace University.

You don't always get it in an educational setting, even though we have foundations and personal finance, our curriculum in high schools all over America. But man, this is like the class that everyone needs. And the reason we put everything that we do into plan format is because when you can see it, you can do it. So we don't just give you a bunch of scattered information, a bunch of disconnected pieces of the puzzle. We actually show you step by step. And you will find that in any book that we write, any book that we publish, any product that we create, any course that we create, it's in a plan format. It is going to be a step-by-step plan so that you know what steps to take because truly when you can see it, you can do it. All right. Up next is Bob in West Palm

Beach, Florida. Hey, Bob. Welcome to the show. Hey, Christy and Rachel. How are you doing? We're doing great. How can we help? Yeah, so I have one question. My question for you today is I graduated as an engineer this past summer, and I am extremely passionate about fishing. So I've developed an idea for a fishing backpack that I want to try to manufacture, but it's pretty expensive, the whole process of manufacturing. You need a certain minimum of units. So I predict more or less it would be around $10,000 to $15,000, which seems a lot to me.

So I'm pretty hesitant on it because at the end of the day, I just don't know if it will do well in the market. Okay. You're cutting out a little bit, Bob. What are you manufacturing? I missed the actual thing you're manufacturing. Yeah, a fishing backpack. A fishing backpack.

Yeah. Okay. Sorry, I've got some follow-up here really quickly. When you talk about there's a minimum order, typically there's a minimum order for a price break, but you could order small batch orders. It's just going to be much more expensive per unit is that the case in your situation or you're saying they will not manufacture it for less than whatever this this minimum is you're saying yeah because it's a unique design they don't want to go through trouble i

guess to manufacture a small amount they said that the minimum for them would be $500. And I've contacted a few others, and more or less, that is the minimum amount. Okay. Do you have any past experience, Bob, with selling this type of backpack? Like, do you have any track record of it? No past experience whatsoever. Yeah. Do you have anyone to sell it to, Bob? Do you have an audience?

Do you have a blog? Do you have a fishing community that you hang out with that you have qualified people that would want this backpack? I do not. All right. These are some red flags for me, Bob. If you had an audience, like let's say that you had a podcast, you had a blog, you had a fishing community, you teach fishing classes, some people that would be interested in this product, then I would say you could put the money into it if you have it. Okay, we're only going to cash flow this. I don't want you to take out any debt.

But you can even do it on pre-order. Like you could pre-sell these, take the payment, and then use some of that cash to fund it. Let's say that you pre-sell them for two months and you at least get a good chunk of cash and those release on whatever date you deem that they're going to release. The fact that you don't have anyone to sell it to is the biggest concern to me because it doesn't matter if you create the best product in the world if you don't have an audience or write the best book in the world.

If you don't have an audience, then no one's going to buy it. And so what I would encourage you to do that is more concerning to me than just the money, I would encourage you to work on the marketing of it, to work on building the audience, creating the demand around it, getting yourself in these spaces to generate interest. And maybe for you, it looks like you're going to create an e-book, a download, something to start building an email list of people that are interested in fishing, that are interested in this thing that you're going to create a product around. But you just start to generate some demand and brand yourself as an expert in the space

or a person that provides content and solutions in the space. Then maybe in a year, maybe in a year, I'm not saying you can't do it, but right now you're going to have 500 backpacks on your hand. It's not because the idea is not awesome. It's just because you don't have people to sell it to. If you'll stay on the line, Bob, I would love to have Kelly send you a copy of my book, Business Boutique. I know it says a woman's guide for making money doing what she loves, but the business

principles are proven. Whether you're a male or female, it doesn't really matter. But I talk about getting your market. I talk about marketing and building your market, building the demand for this thing. And so that would be a great resource for you to start to think about how you're going to get into the spaces where the people are that would want this thing and then go create it. When you have people to sell it to, if you've got the cash, I think that you can sell 500

of these. I just think you need the people there in order to be able to do that. Bob, I'm just curious. What do you do for a living? How did you get into creating and inventing this fishing backpack? Yeah, so I'm an engineer by trade so it's very natural for me to just create stuff yeah and a fun question um when you're doing this when you're making a company like this and you're self-financing this is there a

percentage of your net worth that would be considered too risky to put into it? For example, I have $50,000 saved up over my lifetime. So would it be feasible or would it be too risky for me to put like $5,000, $10,000 into this company or any other company that I might want to? No, you can. That's not too risky. You just need a proven business plan that you're going to be able to make it back. Because just because you have it, it's easy to lose it. Because you're like, oh, I've got it.

I still want you a business plan showing that you can make that back. Check out one more thing, Bob. I've never used it, but I've heard of people that have Startup Labs. Startuplabs.com. It's where you can start to generate interest around your idea. Try that. I've heard someone else use that. I don't know anything about it, but that could be another resource for you.

That's great. This is The Ramsey Show. The Lord himself goes before you and will be with you. He will never leave you nor forsake you. Do not be afraid. Do not be discouraged. Deuteronomy 31.8 It's never too late to be what you might have been. George Eliot

Rachel, you got some exciting news. You have a new color of your wallet oh yes and this is so fun so the rachel cruz wallet has um it's been a fun project for me to to to do and to finally have people actually buy and use because it's a year have you had it out a year yeah a little over a year yeah and and it is it's it's everything we talk about when it comes to because i love talking about budgeting i love how, um, living this plan doesn't mean you can't enjoy life or have a great life. That was always kind of my assumption. I feel like as a free spirit, as a spender, I'd hear the word budget and it was like, Oh, well that means you can't

go shopping. You can't go on vacation. You can't have any fun. And I was like, God, people on budgets are terrible. Like that is not a fun life. But really, truly living this out, especially after Winston and I got married and realizing, no, a budget really does give you this freedom. It gives you this peace of mind because you have a plan. You know what's going on. And never once are you, okay, I went to Target today. Here's a great example.

And our neighborhood will do these like little boo baskets. I don't know if y'all have them. You've been booed. Have heard of this no you see you like do a basket with just some treats and stuff and you like don't know who it's from but you go to your front door and there's a little basket it says you've been booed so then you gotta go is this for halloween or just for halloween no for halloween yeah yeah around halloween so yeah i go to target and i was like okay and i looked in our little miscellaneous category on every dollar and i was like perfect i know how much we have left i mean i'm not gonna spend all that on

this little boo basket but I'm like I can go down the target aisle you know and just have the girls pick out some stuff and I'm like that's great I'm not sitting there being like this is a waste of money is this all go and you're second guessing everything you can enjoy life but you have a plan and so the wallet has a built in envelope

system because when you're starting budgeting if you are early on in this process we recommend cashing out a few categories just to have cash because you end up not only spending less when you're starting budgeting, if you are early on in this process, we recommend cashing out a few categories just to have cash because you end up not only spending less when you spend with cash. Studies have proven that. But also, it's just this built-in accountability. You know how much you have in each category and it just gives you this extra sense of control. Well, people use paper envelopes and all that, which is fine. But I was like, this can be cute. This can be beautiful.

And we can have a really great wallet and us ladies out there who have a lot of stuff. And so I created the wallet, the Rachel Cruz wallet. And so there's tons of card holders for memberships or debit cards you have. And then these slots for your cash. And so we came out with a black and camel version that have, um, colors that have sold tremendously well, and then came out with a metallic blush for just a limited time that sold out in like, I think two weeks, 14 days. And so we have launched this week, the third, uh, color that will be where you can consistently buy. It's not for a limited time, uh, but it's the classic

brown. So that is out. Perfect Christmas gift. And that's what's fun because we were just talking about this earlier, but there's all kinds of shipping weirdness going on in the country. And yeah, you can get your Christmas gifts early. I've done most of my Christmas shopping already because I was so scared of the shipping

issues. And so I've just even just a couple days ago hit it in all the spots that the kids can't find. But if you want to get this as a gift for someone, someone that is a huge fan, someone that's on the Ramsey plan, this is a great gift.

It's in the box. The presentation is beautiful. But that's true for anything in our store at RamseySolutions.com. If you want to get someone a book, if you want to get them the goal planner, my 2022 goal planner is out.

If you want to get them Ken's new book, all of these things are available to you in the Ramsey Solutions store. And I would just encourage you to shop early, especially for things that could sell out. My Goal Planner sells out every year. I don't know what the inventory is like on the wallets, but go ahead and get it and you don't have to worry about shipping. You don't have to worry about stressing out about that. And you've got it for Christmas.

It's a great gift. And it's a good reminder. It's 10 weeks to Christmas, you guys. Crazy. Is that not nuts? It's almost the end of October. So plan this, you guys. Look at Christmas is always the holiday that people, we overspend.

People go into deep debt for. And it is because we're not planning. So we're giving you lots of heads up. Lots of heads up on being able to plan for things, especially around the holidays. And, yes, I turn on the news, too, and all the shipping cargo that's just sitting there. I'm like, oh, God, I got stressed just seeing the picture. I was like, oh, my gosh. So it's crazy.

All right. Up next is Josh from Indianapolis. Hey, Josh. Welcome to the show. Hi. I'm so excited to talk to you, too. Absolutely. How can we help? Well, I'm getting married this weekend. Congratulations. Hi, I'm so excited to talk to you two. Absolutely. How can we help?

Well, I'm getting married this weekend. Congratulations. Wow. Yay, thanks. And we are also moving in two months. So we are unsure of what our emergency fund should look like or what our moving costs. We have a mover already kind of established, but we won't be employed when we get where we're going. So we're just kind of, I like to, I don't know.

I don't know where we should be. Okay. What's the story? I feel like there's more to this story. You're getting married. Why are you moving? Where are you moving to and why? We're moving from um new york to indianapolis um and um yeah so we have a fully funded emergency fund we don't have any debt we're we're investing

awesome um but some of that a lot of that makes me nervous um because we't, we don't have jobs yet. But, you know, we both have skill sets that I think we'll, we'll get jobs quickly. What's in Indianapolis, Josh? Just curious. Family? Yes. Family. Okay. And if you're in New York, it's probably a lesser expenses when it comes to the living. Yeah. Yeah. And it's politically oppressive. Yeah. Yeah. And it's politically oppressive.

Yeah. Fair. And there's a great, this is a great time to get it. I mean, everybody's hiring, so you're, yeah,

I'm not worried about you being able to get a job when you get there. And it sounds like y'all have put yourself in a really great position financially already with being debt free and emergency fund. I would say just be, just be aware of it. I mean, even, even though I know you guys have the movers,

it's in two months. Maybe if you haven't already, maybe you did price out a couple of movers and just be aware of it. I mean, even though I know you guys have the movers, it's in two months. Maybe if you haven't already, maybe you did price out a couple of movers. And just be aware. And I would not at this point buy anything right now in Indianapolis, not because of the market or anything, just because you guys are newly married. You're going to a new city. You're just coming off of living in New York. And it's like, okay, just take a breather.

But this emergency fund. Yeah, she's never lived in Indianapolis. So I think that's what our plan was as well, just kind of give a sense for the neighborhoods. But I should also mention I'm going to grad school starting in January too. But it's flexible. It's online. And I'll be working.

I'll be trying to work full time. So it just adds to the concern, like being married, moving, and a new lifestyle going back to studying and working too. Yeah, it's a lot. It seems like you're aware of it, you know, and you'll plan for that. The other thing I would say is you can start looking for jobs now. I think if you had a job lined up by the time you got there in the next couple months, that would give you peace of mind. You're not starting from scratch when you get there. Start looking now.

And it's very normal to do Zoom interviews or they may fly you in for further interviews. We do that here as a company when we're recruiting people or talking to people from out of state. So you don't have to wait until you get there to start looking. That may relieve some of your stress of feeling like, oh, my gosh, I'm moving and this and this and this. If you had a job lined up or your wife did, that could just help alleviate that. But it sounds like you know what you're in for. I would just, just like Rachel said, reduce stress in the areas that you can. So not buying a house will reduce stress. Trying to line up a job starting now will reduce the stress. There are some variables in this that you can control to just not eliminate it, but reduce the stress of the whole situation.

Yeah. How old are you guys, Josh? I'm just curious. 31 and 32. Okay. Have you guys been married before? No. No. Okay. Because also getting married later in life, I mean, both have pros and cons, right? There's pros and cons of getting married young and later, but you guys do have two established lives that you're going to be coming in and kind of merging. And again, pros and cons of getting married young and later. But you guys do have two established lives that you're going to be coming in and kind of merging. And again, pros and cons to that.

But I think that there's a level of stability there because you guys kind of know who you are. You know, even on a logistical level, the careers you have, your passions, where you're going, all of that. So I think that gives you some kind of foundation there for sure. Yeah, you're right because there's a hard part of getting married later because you're kind of established.

Yeah, exactly. I mean, there's a, hey, I have my life. And when you're 21, you're like, I don't know. We'll just figure it out together, right? That's right. It's all of it. It's all of it. But the emergency fund, Josh, that's why we teach that is for moments like this,

even though I know it's not a quote-unquote emergency, but you have savings there lined up if you need it. Well, Christy, this was fun today. I love it. Love hanging out with you, and thank you guys out there for calling in and listening in. Hopefully this show helped you. I want to thank producer Ben Hill and associate producer Kelly

Daniel, and again, you America. Thank you so much. This is The Ramsey show. This is James Childs, producer of The Ramsey Show. You can listen to all our shows with the Ramsey Network app on your smartphone. Browse by topic or even send clips to your friends. Download the Ramsey Network app in your favorite app store today.