The Ramsey Show - App - My Fiancée's Dead-End Career Is Causing Problems (Hour 3)

Episode Date: March 19, 2021

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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, your money, your relationships, you name it. We're here to talk with you. My name is Anthony O'Neill, host of the popular YouTube and podcast show, The Table with Anthony O'Neill, and co-hosting with me today is national bestselling author and host of the Dr. John Deloney Show, the one and only Ramsey personality, Dr. John Deloney. And we're together taking your phone calls today. Give us a call, 888-255-225, 888-25525-5225 or you can hit us both up on

social media I am at Anthony O'Neill Dr. John is at John Deloney I was trying to get over to your stuff we go complex in this house we really do really complex

if you have any questions, any concerns any comments, hit up Dr. John at John Deloney. You can hit me up on Instagram at Dr. I mean, Dr. Anthony O'Neill. But right now we're taking your phone call 888-825-5225. And Renee is with us in Chicago. Good afternoon, Renee. How can Dr. John and I help? Hi, guys. First of all, thanks so much for letting me be on your show. Yeah. But I had a question regarding just student loans in general. So a little background.

I'm starting a new job next week, and I'm going to make about $65,000 a year. So a good first start for my first job outside of school. I just graduated from grad school. I'm 23 years old. And I also have about $42,000 in federal student loan debt. So I guess my question is about the best plan, the best way possible to pay this off as soon as possible. But also, like, if there's also a chance to do that while also taking care of myself, like, you know, still eating out, like, you know, every once in a while at a nice place or, like, buying myself, like, nice things every once in a while, you know?

No. So I was just wondering if there's a way to budget that. Renee. Yes. No. You don't have any time. You don't have any resources to be buying yourself nice things.

Okay? Right now, you're going to stay with the college mindset. You are broke. You did nice things to yourself for the last six years. Okay. But I don't want to be broke. Hey, listen. That's a problem for 18-year-old Renee. Yes. Listen. 18-year-old Renee.

Yes. Listen. 23-year-old Renee is paying the piper. All right, Renee. Yeah. So outside of these student loans, do you have any other debt? No, I don't. Fortunately, I don't.

Undergrad, I didn't have debt, luckily. Okay, cool. And I actually currently still live with my parents. Okay, good. And I do plan on moving to the city soon the city which yes the expensive city yeah that's where the job is you can't you can't live outside of the city and drive into the city well my plan was to stay at home until i have to go back to work because you know because of covid everyone's working from home. So I'm not going to move now if I don't have to, but when

we do plan on going back, then I do plan on going. But the rent there is about $1,200, $1,300 a month. So it's- How old are you, Renee? 23? I'm 23. What's your career? What did you go to grad school for? So I'm doing like market research and consulting. Okay. All right.

Check this out Renee. Yeah. Check this out. Oh sorry. What was that? I said check this out. Okay. You're not going to like this. You got a pen and paper near you?

Get a pen and paper. Yeah. Okay cool. Or just yeah. Yeah. Because I'm going gonna give you some stuff you need to do okay here's number one just write down no okay no you you don't have time to buy yourself nice things and no you don't have time to be going on nice vacations no you don't

have uh time to be going out with your friends every other weekend? No, the answer is no. I want you to put that up in your mirror every single day and look at the word no. Okay. Number two is, I think right now at 23 years old staying home, I'm okay with that. But at 23, also at the same time, I want you to have a solid plan of how are you going to get outside of your parents' house. I don't want you to be there until you're 30. I don't want you to stay there until you're 27. I'm going to say give yourself at least a good year at home. She's got to move as soon as COVID comes. As soon as you go back to work in-house, you got to get out, right?

Yeah. She said that's her requirement. I get you. I'm just saying if things prolong, I'm saying she needs to have an end date. You need to have an end date of when you're going to leave. And then here's the thing. I'm not moving to the city, Renee. I get it.

You're young. You want to be closer to the city, closer to your job. But $1,200 a month right now on rent when you can probably live on the outskirts of the city and drive something nice and live in something maybe around 800, $900 a month will be a better option because right now you need to attack this $42,000 in student loan debt. And here's the thing, you're making great money. So if you get on a strict budget, if you can figure out how to get your living expenses very low i mean very low you should be able to throw at least twenty five thousand dollars uh towards this forty two thousand dollars this year you should be able to

be out of debt by next year and i'm talking about like you're you're getting this job you're going to be driving for uber you're going to be trying to figure out something you can do on the side to generate another twenty thousand dollars because if you really get gazelle intense, Renee, you can honestly be debt-free within the next year, 12 months, 12 to 14 months. You could be debt-free because right now you don't have any expenses. So right now, if you're staying at home, man, I'm throwing everything towards debt. I'm going to throw my mom and dad a couple hundred dollars for food, electricity, and water bills. But outside of that man i'm throwing everything at this 42 000 so that way when you do leave your home you are debt free

and you're still going to live in the outskirts because you need to set aside that three to six months of expenses and listen renee i promise anthony i get it you went to grad school you're smart you're fancy you're 23 yeah You're fancy. You're 23. Yeah. You have all, man, you're going to go to the big city, and you're going to live it up. Yeah, exactly. But listen, you feel like you've arrived. You feel like you're 100 years old.

You walk a little bit taller. It's going to be good. What I'm telling you is this. On your 25th birthday, if you are debt-free. Not if. She will be. Yeah, I like that. You will be debt-free on your 25th birthday, if you are debt-free. Not if, she will be. Yeah, I like that. You will be debt-free on your 25th birthday. You're going to realize that at the age of 25, you aren't very old.

You're going to realize that you have your entire life ahead of you to do whatever you want to do because 23-year-old Renee sucked it up and got it done. Now listen, you're looking at a guy right now who with a young child, me and my wife moved into a dorm at a college so we wouldn't have expenses. Anthony lived in his car. We have done some extreme things. We've done some crazy people. My friends, our friends have been like, what are you doing?

You know what we're doing? We're changing everything because this game isn't going to play. And I'll tell you this. At 25, you're not going to remember those meals you blew that money on at 23. You're not going to remember that party on top of that party on top of that party. You're not. I'm telling you, you're not going to remember it. What you are going to love doing is waking up on your 25th birthday,

having no payments and thinking, I think I'm just going to move to fill in the blank because you can. So, Rene, hold on the line. I'm going to have Madison give you a copy of Destroy Your Student Loans. It's a quick read that I read. I want you to stay online and get that. And just remember, the caliber of your future will be determined by the choices you make today. Make the right one by listening to Dr. John and I, all right? This is The Ramsey Show.

You've got a lot on your plate, a job, your home, your marriage, and your growing family. While you're enjoying the present, you can't help but think about your future and your finances. As you explore your options, consider Christian Healthcare Ministries, or CHM, for your health care. Their generous maternity program and budget-friendly monthly programs have been a blessing to members welcoming children into their families. Visit chministries.org slash budget to see if it's right for you. That's chministries.org slash budget. Well, St. Patrick's Day brought some folks a little luck this year. On Wednesday, the IRS announced that it's pushing the federal tax deadline back. I already did my taxes.

That's good. All right. Everyone in the U.S. now automatically gets an extra month to file with the date moved from April 15th to May 17th. Amen. That's for federal returns, folks, not estimated quarterly payments or state taxes. Why did it get pushed back? Well, the pandemic is still affecting things. And when you throw in the very recent tax changes,

the April 15th deadline was looking like a lot of trouble for a lot of people. With the change to May 17th, you have an extra month not just to file but to also pay your tax bill. If you're in Texas, Oklahoma, Louisiana, your tax date from the IRS is still June 15th because of the storms that hit you. So what does this all mean? Well, it means you have extra time to do your taxes. But if you can file now, especially if you're due for a refund, go ahead and do it. That advice comes straight from the IRS. And here's the thing, Anthony, I was a college

professor for years. And whenever I would say, all right, everybody, I know you're stressed. I'm going to push this paper out three more weeks. Everybody just waited two and a half more weeks to get that. You know what I mean? They just moved their stress down. If you can file, file. Get it done. If you need help filing either online or the trusted tax advisor, we can help. Text tax

to 33789 and get it done. That's tax 33789. I used the Ramsey Tax Offer this year for my house. Did you? It was simple. It was awesome. It was quick.

I did it at my kitchen table. It was nothing. It was good. You and your wife. Yeah, it was simple, man. It was awesome. I love it. I love it, man.

I love it. Well, Jesse's with us in Arizona. Good afternoon. How can Dr. D and I help? All right, gentlemen. How are you guys doing today? Doing well, man. How can we help? Alright. This question is more for Dr.

John Deloney in a relationship aspect. I love it. Currently, let me just start out by saying I am madly in love with this woman. I would do anything I wouldn't do. Jesse, anytime somebody starts out with that sentence, I know we're going to have some trouble.

This is going to be interesting. No, no, no. Well, maybe a little bit, but she is probably listening to this. So the problem we're having right now is she comes home every day from her job, her J-O-B, and she's unhappy. She's crying.

She calls me, you know, two, three times a day because we just talk to each other a lot throughout the day. And it's always complaints about her job. She wants to get out and she hates it. She hates her job. I don't like the word hate, but she hates her job. She has a cosmetology. She is a certified cosmetologist and that is her passion and she loves it. Okay. But the problem we're running into is she doesn't want to just work at some, you know, average place where she's a cosmetologist. She wants to do hair. She wants to be in her own studio and make good money. Well, right now she's in a secure job where it gives her a secure paycheck.

Our incomes differ by about double. So I make about double what she does. I told her I have your back no matter what. I just want to get you out of this J-O-B and get you into your career. Now we've been on and off for about 20 years, so this isn't a new relationship. No, we're not married. We're going to get married, but we need our relationship more secure. In order to do that,

I need her to be secure at her job, at her career. So I want to get her out of the insurance, what she's doing right now, because she does write checks and stuff for a big insurance company. And I want her to get her into cosmetology, her being happy. And we've thought of other plans on how to do it, but she doesn't really trust me per se when Um, when it comes to having her back, she's always been a single mom with two boys.

She's always been the provider, the alpha male of the house. Now I step in, you know, and, and yeah, I know the kids and I know her, but she's still used to being the major breadwinner,

the person who always has to be there for the boys. Yeah. And I get it. She's a mom. Like I wouldn't want her to be there for the boy yeah and i get it she's a mom like i wouldn't want her to be any other way like your kids first but how do i get her to trust me to to allow me to take over some of the finances in the house so she can pursue her career and get out of this job? Man, you're not going to like my answers. How direct

do you want me to be? You know what? Hey, I'm on Dave's show. I'm going to be real direct. I'm going to take it from the old man here. Here's the thing. Number one, if you've known her for 20 years and she doesn't trust you, there's a reason. Yep. Number two, you can't make her do anything.

Yep. And the fact that you're trying to make her do something is only making her not trust you more. Okay? This is the thing, doctor. This is something that she wants to do as well. Hey, hold on. Hey, Jesse, Jesse, Jesse. She expresses it.

Jesse. Yeah. She's raised two boys. Yeah. She can do anything. Jesse, she's raised two boys. Yeah. She can do anything. Oh, I know. She can say she wants to change, but she doesn't, because if she did, she would. Okay?

Yeah. And so what you have to do is be in love with the person she is, not the person you think you can mold and create for her. Yeah. No, I'm totally in love with her the way she is i like i wouldn't want her any other way hey but no matter what job she's in but listen brother what you told me is when she can finally deal with this relation i mean with her job stuff then finally then finally i can her. And what you're telling her is, when you become the person that I want you to be, then you'll be good enough for me.

Not till then. And so you've got your relationship. You think you can do it that way, though? Absolutely. A thousand percent, brother. It's been 20 years. I wrote down on my paper, while you were talking, your relationship math is off.

If you worked for amazon they'd fire you because you cannot make an algorithm your a plus b good thing i don't work out that's right hey listen you are you have walked into a situation where you want to be the savior of it i love your heart man i see what you see somebody that you care about i just want to support her that's right that's right i don't That's right. I don't want to give her. I don't want to give her all things. I don't want to give her choices. I want her to make those choices.

I just want her to trust me that I'll have her back. That's right. So when it comes to like an electric bill comes in and she needs, you know, she doesn't have it. Damn, babe, I can pay. Just ask me and I'll pay. That's right. So listen, listen, listen. It's, it's your your heart is good, okay?

Your heart is good here. Yeah. You've got to sit down with her, not about, not about what your job's going to be. Give me a solution. Not about, hey, I've got your back financially.

But you guys have 20 years of stuff y'all got to work through. There's a reason she doesn't trust you to pick up a, I trust Anthony. I met Anthony a year ago and I trust him that if I needed, if I called him and said,

hey bro, I'm about to cut my lights off. You know what I mean? So there's something there, a 20 year arc of your relationship that there's no trust there. The second thing is, you got to decide, am I going to marry this person for who she is?

Even if she's in a tough job. Or am I going to be out? Because who she is, even if she's in a tough job, or am I going to be out? Because the way you've written this out for yourself, you've provided yourself with a wife when she does what you want her to do. And I know that's not your heart, so it doesn't feel like that's what you've done, but it is. And if she's listening to this,

rewind it and say, are those guys crazy? And she'll probably get a tear in her eye and say, no. And then maybe that can be the avenue for a hard conversation. Anthony, I can feel you next to me pulsing, man. I'll probably get in trouble like I did yesterday,

so I think I should just not say what I really want to say. Say what you're gonna say, man. Say what you're gonna say. Again, let me set this up like this. This is not Dave Ramsey's opinion. this is not dave rams's opinion this is not dr john deloney's opinion this is anthony o'neill's opinion i'm scooting over in case you get struck by lightning if my friend came home to me and said i'm still dating

this guy after 20 years i'm telling her to leave that's just bottom line i'm just i'm not dealing with some i'm no by the way that's my opinion too yeah that's your opinion yes thank you yes give me some love. Yeah, because I felt like 20 years. There's a reason why she doesn't trust you. And it's not just all on her. There's something inside of you, the man, that is not allowing her to open up. Now, again, I'm not a relationship expert.

This is your lane. I'm just saying if my cousin, if my sister, if my friend came to me, I'm saying, baby girl, move on. I mean, if a man don't have your heart after a year, two years, that ain't the one. Well, if it's about achievement, right? It's about when you do these things, then I'm going to be able to love you. And that's a hard recipe after 20 years. I was about to say something else, but you know what? This is The Ramsey Show.

We'll be right back after this break. Welcome back to the ramsay show my name is anthony o'neill ramsay personality and joining me in the studio today is ramsay personality national best-selling author dr john deloney and together we're taking your phone calls we have this segment and one more segment after this so give us a call 888-825-5225 again the number call, 888-825-5225. Again, the number here is 888-825-5225. And Sean is with us in Phoenix, Arizona.

Good afternoon, Sean. How can Dr. D and I help? Hi, guys. Thank you very much for taking the call. Yeah. So I just graduated from college and I'm debt-free.

And on top of a great job, I just found out I'm going to be getting a $15,000 gift. Besides that, I'm also engaged and my fiance owes about $20,000. So my question is, should I invest the $15,000 or should I just give it all to her? What's the gift from, man? My parents are downsizing selling their house and they're calling it pre-inheritance.

Their goal is to spend everything they have. So they said, we'll give you $15,000 now, and maybe that can help you out. Cool. Very cool. How much money do you have in your savings right now, Sean? So I have about $3,000 in my savings and then $6,000 in my 401k. Okay, cool. When do you get married?

Next year. Next year? Okay. Next year. Okay. All right. Sounds good. September 2022, roughly.

Okay. All right. Sounds good. Sounds good. I'm going to say you take that $15,000 and you max out your three to six months of expenses. That's going to be the first step since you are 100% debt free. And then what's left from there, I'm going going to say do not give that money to your fiance right now i'm going to say put that into a savings account use that towards your wedding and if you uh get married and let's

say you have more money you can cash flow your wedding and then once you all get married check this out you're not giving her the 15 K. You're not giving her money. Now you two are in debt. You're paying off your debt together, together. Right. Okay. So just because you come into the marriage without any debt, the moment you join forces and you become one, you are now back in debt. So then, yes, I would take that check and write off and pay off the debt that

you two now have together. But for right now, I'm going to put all that into the savings account. You're not going to touch three months of that. Then you can put the rest of it into another savings account to save towards your marriage, save towards your wedding, and then

whatever you have left over after that, I would definitely say, bae, on honeymoon night, you um you know hey let's go ahead and start attacking uh your your loans your debt and i have some money um and i want to put it all towards uh that because we're in debt together makes sense yeah so so that's it's better to wait until after we're married to start helping around with the loan absolutely absolutely because i know you love her, but what happens, let's just say worst case scenario, y'all wake up one day and she says, I don't love you no more. Now you gave her all this money and you're screwed. Now I'm not saying it will happen.

But it happens a lot, Sean. But it does happen. Yeah, fair enough. Don't combine your debts yet until y'all are in this for the long haul. Yeah. Man, thank you so much for calling in, man. We're praying for you, rooting for you. I believe you're going to be married. I mean, I just believe

that she's... I can tell you love her because you're talking about spending your money. Anytime a man talks about spending his money on another woman, he loves her. He loves her a lot because... I'm about to say something else again. I keep remembering. This is the Ramsey Show, not the table with Anthony and Neil.

Katie is in Jackson. Good afternoon, Katie. How can Dr. D and I help? Yes, I have a question about student loans. My husband and I started our babysit journey in July of 2019. And we are finally on our last debt, which is my $52,000 in student loans. We have not paid on them in over five years and we were wondering if we could offer a settlement, a lump sum, or should we just start doing the monthly payments?

No. Are they in collections? Yes. Are they in collections? Yes. Are they in collections or are they just deferred? They're not deferred anymore. They are in collections. So these are private loans?

No, they're federal. Okay, cool. I mean, I would call them and see if they will. More than likely, they won't accept it. But I would definitely give them a call and just offer them something. How much can you put towards them right now

if you could? Because, you know, settlement is pretty much one lump sum. Yes, sir. Right now we have just under $20,000 and that's not included in our emergency fund. Yeah. I would just start making payments on them. I would call them and just immediately go ahead and put that $20,000 down on it right now and just start making payments on them. I will call them and just immediately go ahead and put that $20,000 down on it right now and just start making payments towards the rest. You say you've been

doing the baby steps since 2019? Correct. Okay. So you weren't making minimum payments since 2019? No. Okay. All right. How come you just stopped paying on them? Well, actually, I never really started. I was in school, and then I went back to school, so they've been deferred and deferred.

And then we just never started paying off. We were living paycheck to paycheck and not really making the best decisions when we were younger. But then we woke up and had our wine, and in July 2019, decided to start paying off all the debt. We've paid off a little over $70,000 so far. That's amazing. What's your household income right now? Right now, it's $120,000. We started at around $85,000, and we've upped it this last year to $120,000.

Awesome. How many kids do you have? Five. Five kids. Oh, Katie. So here's the thing. You got five. You got a lot of mouths to feed.

You put that 20 grand towards them today. Then it immediately goes down to, what, 42,000. Right. And making what you make, you guys can hustle it and hustle it and hustle it. It's going to be a grindy year. And nobody wants another grindy year after the last grindy year. Especially with five kids. But go just get it done.

Yeah, yeah. Katie, are y'all on the budget, Katie? Oh, yes, we are. Detail budget. That will be done by August. Okay, so it says you'll be done by August of this year or next year? This year. Oh, awesome.

Very cool. We good then. Yeah, absolutely. That's good. I like that, Katie. Yeah, congratulations. I love it. So, yeah, just go ahead and put that $20,000 towards it. Give them a call I like that, Katie. Yeah. Congratulations. I love it. So, yeah, just go ahead and put that twenty thousand dollars towards it. Give them a call and ask them if they if they will settle.

It depends on I don't know. I mean, private loans. I know that you can get them to settle. Some agencies, depending on your financial situations, will allow you to settle. But more than likely they will not Because, you know, you can't even file bankruptcy on student loans. And so it's just very tricky on those. But give them a call and say, hey, can we work out something? We got $20,000 as a lump sum we can give towards it right now. Can we knock this down? Get some interest knocked down maybe. But more than likely they won't.

If not, just, hey, it's a tata of the $42,000 become debt-free so that way you and your family can move forward. right katie um stay on the line i appreciate it no problem stay on the line i'm gonna have uh madison give you a copy of my destroy your student loan debt um it's a quick read it's about 80 pages long take you about a good hour and a half to listen to it um i i wrote this last year dr d because when i wrote the book um a debt-free degree and i was out there on book tour and we've sold thousands of copies of this book um and while i was out there on book tour every parent every parent i'm and i mean it's i'm probably over exaggerating a little bit but i'll say nine out of ten parents came up to me said hey what do i do i have student loans how do i pay off my student loans and i'm

like man and so i wrote this quick read um called destroy your student loan debt the step-by-step plan on how to get rid of your student loan debt quickly um and it's 80 pages long american i really want you to get this book and here's why because when we really do the research and study what's preventing us from reaching our financial goals, what's preventing us from building true wealth, one of the top three things was our student loans. Young people are graduating college, going back home, thinking that they pay off their student loans within three years. But study shows that it takes them 12 years to pay off their student loans. And if we really go deeper, minority people of color, it takes them anywhere from 20 to 23 years to pay off their student loans.

And so for me, I was like, man, I got to write a book that can really, really help people get out of this student loan crap. And I mean that because this is preventing people from building wealth, from buying homes, from starting businesses. So I really want y'all to go to DaveRamsey.com forward slash store. Get the book or go to my website, AnthonyNeal.com. Get the book. Destroy your student loans. It's $10. And hey, this last caller makes a great salary, was on the plan.

Yes. And people just like to act like student loans aren't real. Yes. People, they are real. Yes. Pay them back. They're a debt. Do what you said you were going to do and get them out of the way.

Hey, this $10 can change your life. Well, I'm polite as. This $10 can change the next 10 years of your life. Go to DaveRamsey.com to get the book. We'll be right back. scripture and quote the day comes from psalms chapter 33 verses 4 for the word of the lord is right and true he is faithful in all he does jack canfield said for every reason it's not possible there are hundreds of people who have faced the same circumstances and succeeded. How often do we feel all by ourselves like we're the only one dealing with this stress, this grief, this pain, this relationship issue? Wow.

Everybody does, right? I'm right there with you, brother. Man, good quote. Ben is with us in the beautiful Sydney, Australia. Good afternoon, Ben. How can we help? Man, such an honor to talk to you as well. Great. Thank you. Thank you for having me on the show. And good morning from Sydney. My question today is do I buy a small unit

which would be a down size for our family of two kids, in an inflated market, or do I move in with my in-laws in a massive house and save a bit of money? What's your goals here, man? What are you trying to do? Well, I would love to buy a place um you know we've been married almost 10 years and we have never bought a place we're 100 debt free now at the moment uh the kind of things that are a bit difficult for us is i still haven't secured a job since

corona i lost my job due to corona but my wife has a successful business. She's on maternity leave at the moment, and I'm actually looking after the business for her unpaid. So it gets a little bit trickier. But the inflated market in Sydney is pretty similar to what I'd imagine is happening in Los Angeles at the moment, where everyone's leaving, moving out a little bit further, and people are moving into the area where I live. So the rental and the sales are going up 20%, 30%. So we're just a little bit unsure what the right step would be, either for the next three to six months or a bit long term.

Do you have a lease coming up? Why do you have to move right now? Yeah, unfortunately we do. The owner sold and the new owners want to move in. And it was such a dream house. We're near the beach, well below market rent. You know, bigger than what we needed. But yeah, now it's, the equivalent would be paying now a one-bedroom apartment for the price we're paying for this house.

Wow. Well, here's my thing. You're saying if you went home, it would only be for about three to six months, correct? Yeah, that's what I'm assuming, just that the market might chill out a bit. Okay, cool. Do you have a good relationship with your in-laws? Yes, I do. Yeah.

You know, I'm not a huge fan of going home. I'll be honest. But in this situation with the pandemic, it sounds like you are really thinking this through. It sounds like you're going into this with a plan, with a strategic plan. This is not going to be for long term. This is just so me and my wife, my family and I, we can get

back on our feet and you're going to continue looking for work. I say, Ben, go there because the last thing I want to do is see you go out there and spend over market and just... You got no job. Yeah, I don't want you to do that. On maternity leave, yeah. Yeah, so go in there with your in-laws, but then really

over dinner, sit down with your in-laws as the man of your home. Say, hey, listen, here's my plan. Here's a plan for our family. Our goal is to be here for no more than six months. I'm going to be doing this every single day, every single week to secure a job. And just hold yourself accountable and keep updating them. Keep letting them know,

like, hey, this is what I'm doing. I went out here. Hopefully we hear back soon or we didn't hear back because I think sometimes parents and in-laws just want to feel as if, okay, they're trying to do something. So just show them, hey, I'm going to be a provider. I'm going to take care of your daughter. This is what I'm doing. This is only temporarily until we can get back on our feet. And thank you so much. And so that's what I would do. I would go ahead and take that six months back in with my in-laws. Yeah.

And this only makes sense if you've got a great relationship with them. And like Anthony said, you guys set up really firm boundaries on the front end. I think you should pay rent. I think you should contribute around the house. I think you should pay rent. I think you should contribute around the house. I think you should put something in writing with your father-in-law. He may tell you, you ain't doing that in my house, which is fine. But the more you can get everybody on the same page going forward, then in month three or month four, someone's going to say something

or someone's going to leave towels out or they're going to forget how loud grandkids are and they're going to start him hauling around when it's time for you guys to go um and so yeah make it as clear as possible but i'm with anthony i think this is the right move for y'all don't buy a house without a job man yeah don't do it don't do it good market bad market don't buy a house at a job don't do it rachel's with us in new york good afternoon rachel uh how can we help uh, thank you for taking my call. Um, I just was wondering, um, so I'm currently in baby step two paying off my debt snowball. Um, and I was wondering when you pay off, um, credit cards, if there's a better way to do it, um, that won't affect your credit score.

Um, like when I, should I wait till all of them are paid off and cancel them? Or should I cancel one at a time as I pay them off? Cancel them all right now. Cut them up. Don't wait until you paid off, because here's the problem, Rachel. If you wait, I guarantee you, you're going to swipe it again. You're going to use it again. If you cancel it, if you turn it off, if you cut it up, if you get it out of your system,

you won't do it right now. Now, here's the truth. You may go apply for another one, you know, but you have to have discipline. And right now you have to be uncomfortable. And the discipline part is huge because discipline for me is the bridge from where you are, where we are today, to where we want to go tomorrow. And if you're following our plan, what I'm hearing from you is, and what I'm thinking you're saying is, I want to be debt-free and I want to have financial peace. And so to have that, you have to be uncomfortable and you've got to have discipline. And the uncomfortable part is cut up the credit cards.

And I guarantee you, in a few years, you'll thank yourself. And so don't worry about the credit score. And I guarantee you in a few years, you'll thank yourself. And so don't worry about the credit score. Okay. I get it. Well, I need to go rent a car or I may have to, you know, not may, but eventually one day I want to get a house. If you follow our plan, if you follow our process, we will show you how to do all of this without a credit score. We will show you how to do it and still win in the process. Okay, so I wouldn't wait. Yeah, I wouldn't wait. Go ahead and cut it up, okay?

Thank you. Hey, no problem. Thanks for calling in. Brayden is with us in Marshall. Good afternoon, Brayden. How can we help? Hey, guys. How you doing?

Doing good, man. You're our last call of the day. Talk to us. What's on your heart? I am a freshman in college college i'm in my second semester okay um i'm also a student athlete okay um and that comes into play out later um i just sat down with my academic advisor today and it looks like i could possibly graduate um a year early okay but i have to play my cards, because it's a small school

and all the classes are only offered at certain times of the year or whatever. Sure. So do you think, I forgot to mention, I also go to the seventh cheapest four-year school in the nation. Okay. So I don't think I should have any debts my whole time there, and if I do, it'll just be small. Cool.

So I'm just wondering if my cards don't play out right as far as saying they're only three years, would it be worth it to try and get another miner? Because I'm going for egg solutions. I'm getting a miner in egg business, and I'm thinking of possibly getting another miner if it doesn't play out right in agronomy. So I can't speak to the market viability of the extra credentialing or the extra stuff you're going to learn in those other fields, right? So I don't know how that translates. What I can tell you is, yes, a minor can be good.

A minor can help you with your marketability. It can teach you some stuff that's going to round out your major degree. But I'm going to always push back to weigh the cost. Do you have the cash? If you can do it. If you can keep an extra year of eligibility, then go for it. But also, and we don't talk about this a lot, Anthony, what is going to be your lost year of working full-time too?

Because that's also a cost. So let's say you can get in there for free, but you're going to cost you $50,000 in lost income. You may want to consider that if you can get out of there in three years. Man, I got nothing else to say to that. Thank you, Dr. John, for joining me today, man. Amazing show. I want to thank our producer, James Chow,

and our sitting in for our assistant producer, Madison. She did a great job. And America, thank you for listening to us too. It's been an amazing day. daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.