The Ramsey Show - App - My Grandma Is Being Scammed by the Man She's Dating (Hour 3)

Episode Date: May 11, 2021

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the 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. Christy Wright, Ramsey personality, number one best-selling author of the book Business Boutique, is my co-host today. Open phones at 888-825-5225. That's 888-825-5225. You jump in, we'll talk about your life and your money.

We have launched Christie's Business Boutique event for the fall. It goes on sale today. It will be October 14th through the 16th. The Business Boutique Conference is always a sellout. Nashville is a hot destination, and certainly this event has always brought out the ladies. Business Boutique, equipping women to make money doing what they love. October 14th through the 16th. Yes, this is in Nashville, and we're going to have amazing speakers.

You're speaking. I'm speaking. Anthony O'Neill. It's his first time with us, which we're so excited about. Jasmine Starr, who's a social media expert. Nona Jones, also social media and marketing. Bianca Olthoff, and she is an awesome faith-based speaker. We're going to have some more as well, but we're going to cover

all of the topics that you need help with to start or grow your side or small business. You can join us in person or on the live stream to get your tickets for In Room with us in person in Nashville. It's $119. The live stream is $89, but you can text Boutique to 33789 to learn more. And it's going to be fun. Every single year we try to raise the bar, Dave, and this year is no exception.

There you go. Very well done. Good stuff. Good stuff. Also, next week, May 16th through the 19th, we will be doing our Entree Leadership Summit in Dallas. It is completely sold out, and there is a reason. It is one of the top leadership events in the nation today.

George W. Bush will be joining us this year. Jocko Willink, retired U.S. Navy SEAL officer, best-selling author, joining us. John Maxwell, best-selling author, leadership expert, joining us. Craig Groeschel, founder and pastor of Life.Church, one of the largest churches in America and a world-class leader in his own right. Patrick Lencioni, best-selling author of Ideal Team Player, many other books. Marcus Buckingham, best-selling author, Strength Finders. You know Marcus. He's incredible. Dr. Adrienne Sternberg will be with us, leadership expert and speaker. She is a force of nature.

Our Ramsey personalities, Ken Coleman will be doing a session. Christy will be doing a session. Dr. John Deloney will be doing a session. I'll be doing a couple of them. It is going to be incredible. It is a packed- out three-day experience on leadership our entire leadership team here in nashville will be watching it live stream and we have some live stream tickets currently available if you want to have your team look in and watch over this three days it is the way we are doing this your leadership team a lot of you don't have formal leadership development programs to develop your people into leaders this is the way you are doing this your leadership team a lot of you don't have formal leadership development programs to develop your people into leaders this is the way you do it you put this kind of content

into minds and hearts and it changes people to register text summit to 44 222 text summit to 44 222 they'll talk to you about the standard live stream. Tickets are currently available for $1,350. And the live stream plus pass is only $2,500. You can get the whole office in there if you want to. And get them in there and watching it. And, you know, depending on the size of your operation, what you want to do there. But these are world-class teachers, thought leaders on the whole subject of business and leadership. And we have a great time doing this.

Ramsey's open for business, baby. We're back out on the road again. Thank you, Willie. Good stuff, man. Good stuff. Matt is with us. Matt is in Kansas City. Hi, Matt.

How are you? I'm doing well, Dave. Thanks for taking my call. Sure. What's up? So just a couple of quick questions for you. Um, one is regarding my, uh, my, um, retirement account. Uh, I currently have about $185,000 in my retirement account and I got, um, my pension taken out from a previous employer and I rolled it into that, uh, retirement account, about $100,000.

And I just kind of want to get your input on what I should do with that. Should I spread it out on top of the mutual funds I have, or should I spread an ETF or other stocks or anything like that? I spread my personal retirement accounts, all of them, from many sources across four types of mutual funds. Growth, growth and income, aggressive growth, and international. All mutual funds that have at least a 10-year track record. If you have those in your current account that you've got this in, then just put it in those.

Okay. Would it be best to just do it all at once or should i disperse it over the course of time what's it sitting in now it's just it's just sitting in the account as cash at the moment oh okay yeah just definitely get it invested now i mean fast as you can because you're going to take advantage of the market i mean the market may go down 10 days after you invest it but overall 10 months after you invest it the average because you're going to take advantage of the market. I mean, the market may go down 10 days after you invest it, but overall, 10 months after you invest it, the average is you're going to make money on it. I mean, you're investing long haul.

So the sooner you get in, the longer the haul is. It's great. Okay. I appreciate it. Just real quick on my second question. My wife and I – I'm sorry. I don't have time for a second.

Sorry about that. Craig is with us in Rochester, Minnesota. Hey, Craig. Welcome to the Ramsey Show. Hi, Dave. So my wife and I finished Baby Step 3 a few months ago, and so we've been putting 15% of our income into retirement. We don't have any kids.

We don't currently own a house. I'm about to transition my career, and I will be making substantially more money than previous to where we will be no longer qualified to contribute to a Roth IRA. Wonderful. My question is, yeah, thank you. My question is, since we know that we have a limited amount of time left to contribute to a Roth IRA, should we increase how much we are contributing now? And if we do, do we know when we formally become disqualified like when we get our first big paycheck or after filing the higher tax return income that's just in the calendar year

what your income is is what it amounts to if your income is going to exceed 200 000 a calendar year you're not going to be qualified for roth but you can do backdoor roth i i do a backdoor roth and my i far exceed that income limit. A backdoor Roth is where you just open up a – I do it every year in January for the year before, or for that year, I mean, for that calendar year, actually. But you just open a traditional IRA after tax, not before tax, okay? And then instantaneously roll it into a Roth. That's called a backdoor Roth. It's perfectly legal, but it's the way to beat the income limitation.

You can't open a Roth, but you can roll into a Roth with any income. Right. And just in the amount of time that I'm currently making less than would be required for that, should I increase how much I'm contributing now since I know that in like... It won't matter. It won't matter. If you make more than $200,000 in 2021, you cannot do a Roth in 2021 without doing it as a backdoor. Gotcha.

It's not like I'm going to pass the veil over in july the 14th and after that no it's the calendar year in that calendar year what do you make if you make too much you can't do a traditional you can't take the normal approach to a roth you'd have to do a back door roth in that year which is probably going to happen this year you're 2021 you're 2020 that's last year you know what that's last year. You know what? That's a known quantity. If you haven't done one, you can do one for it if you haven't filed your taxes yet. So this is The Ramsey Show. I heard a statistic recently that absolutely blew my mind.

43% of Americans are not protecting their loved ones with life insurance. This drives me crazy, people. What are you thinking? Taking care of your family has to be a top priority. Think about it. If you died today, would you be the hero by making sure that your family had the money necessary to carry on their life without struggle and hardship? Would they be able to pay the bills and plan for the future? That's what term life insurance is all about. Regardless of where you are in the baby steps, you've got to make this a top priority. Have I gotten my point across yet? That's why I talk about Zander Insurance every day.

They keep it simple and make sure they find you the best rates out there. Zander will do their job to find you the best rates and make sure you're served like i expect but you have to take the first step go to zander.com or call 800-356-4282 Thank you for joining us, America. Christy Wright, Ramsey Personality, is my co-host today. Open phone is 888-825-5225. Eli is with us in Kansas City. Hi, Eli. How are you? Good, Dave. Thanks for taking my call.

Sure. What's up? So I've scrambled your baby steps a little bit, and I'm prepared to be yelled at, but I need some advice. I like this start already. Right? I listen enough to know. So we have a little bit of a unique situation. My wife and I, we have paid off all of our smaller debts. We have no credit cards, no car payments, no consumer debt, except we have about $62,000 in a consolidated student loan,

and we have $68,000 left on our home. And I'm wondering, my question is, we are purchasing our home on contract from my wife's grandmother. It's zero interest. And we have, it was a five-year deal and whatever was left, we have to get a mortgage for and, you know, pay off the remainder. And so my question is, we have one year left. We will have about $60,000 in excess income over the next year. Should I pay the contract off on this home so I can avoid having to go out and get a mortgage, or should I put that toward my student loan debt? What's the home worth?

The home is worth $168,000. Okay. You need to go get a loan and pay grandma today this is dangerous dangerous dangerous because you just told me this is a land contract you do not have this house in your name do you we have a it's a contract for deed yeah i know i know what it is. It sucks really bad. Okay. Here's the problem. Grandma falls asleep at the wheel, hits somebody head on, and gets sued for the injuries, and there's a $5 million lien on her. It goes against this house that she owns.

You don't own this house. You're a renter. Okay. Danger, danger. Land contracts are horribly, leave you horribly exposed. If she gets an IRS lien placed against her, it goes against this house. It's not your house. It's in her name.

So go ahead and go get a mortgage now. This week. And just continue on with the baby steps and pay off the student loans. Yes, sir. Yes, sir. Okay. But not for the reasons you thought you were going to get yelled at. Totally different reasons.

Congratulations. So here's the thing. You need to go to a credit union or a small local bank. You don't need to get a traditional mortgage for this. It's too expensive and there's the thing. You need to go to a credit union or a small local bank. You don't need to get a traditional mortgage for this. It's too expensive and there's no need. You should be able to get what is equivalent of a home equity loan. But here's what you're looking for. You need to be very demanding of this bank or this credit union.

Write these things down. No closing costs. There's no reason for there to be a bunch of closing costs on a sixty thousand dollar loan on a hundred sixty thousand dollar house this is called a no-brainer loan okay right no closing costs fixed rate no balloons and so put this put this on a five-year or a ten-year, fully amateurizing, meaning when you pay the payments, the loan disappears, without a call or a balloon. No call, no balloon, fixed rate, no closing costs.

And you may have to lean in on the young manager over at the credit union so they understand you. Because they're going to want to put this on some kind of home equity loan product with a variable rate where they change the rate at their whim or it has a balloon on it or a call on it or they're going to try to sneak in some closing costs all of which are totally unacceptable they will make this loan and they'll be happy they made it what's a call a call is is they have the ability to call the loan anytime they want to anytime they want they. Anytime they want. They look at it and they go, I don't like your financial situation anymore.

Loan is due. And it turns into like something on the movies or something then. Bad movies. We own a small business. We do about $2 million in revenue, and it all runs through our local credit union. And so we have a really good relationship. So hopefully they will. It should be easy then. It should easy but yeah but here's the thing what i'm

telling them to do is not the way their minds normally work so you're going to be very strong and very clear you have to be mean about it but it's like no no no no no you misunderstood me fixed rate no closing costs no call 10 year loan loan. And then you can go pay it off after you get your student loans paid off as quick as you want. The beauty of this is it didn't cost you anything to set this loan in place. Yeah. And you got rid of all this risk with Grandma. All right. We will do that this week.

And Grandma will be smiling. She got her money. And then you can pop, knock out those student loans and reach over and knock out that tiny mortgage because you're killing it. You're doing great with your business. Congratulations. Very cool. That's good stuff. Yeah.

So contract for deed or land contract are the same thing. It is simply a contract that says after you pay these payments for however many years, then they give you the deed. But until then, the house is not in your name. Okay. And it's a way a lot of owner financing is done, but it is dangerous. It's not dangerous for the seller. Right. It's dangerous for the buyer because the buyer hadn't bought anything.

Gotcha. And so if the seller gets crossways, and I've seen this happen, they get some kind of a financial catastrophe that you cannot see coming i mean grandma could fall asleep at the wheel i mean not because she's drinking she could just fall asleep you know i mean we don't have to call grandma bad it's just bad things sometimes happen you know and so uh i mean the tire could blow out on her car yeah and you know she swerves over and you know hits something and tears it up or hurts somebody or something, and it's just a horrible, called an accident, and yet the whole thing falls apart over here because you didn't have the property in your name.

It's in her name, and her problems are going to end up on you. Gotcha. And that's the danger of this. It's very dangerous. Because, you know, in his case, he could lose $100,000 of equity. He's got a $168,000 house he owes $62,000 on. Yeah. But it ain't his house.

Yeah. And if that thing got sideways, he could lose all that. So get this done this week. Don't ever do those things. Don't ever do land contracts, contracts for deed. Ever, ever, ever, peoples. All right. Mary's in San Diego.

Hey, Mary. What's up? Hi. I'm selling leaves to talk to you. You too? I have a pop-a-date question. Sure, what's up? A pop-a-date question.

Yes, so I'm the youngest sibling of a big family, and my dad's deceased has been for more than a decade. My mom has dementia, and she's in care. I am in charge of a big family trust my dad left a legacy he's a great worker a great man somewhere in between my mom being diagnosed with dementia and my dad died i was named trustee rather i'm the youngest how old are you i'm almost 40. Okay. All right. So why were you selected? There were questionable investments and questionable handling of money just in personal life and in business. So I think my mom was – maybe there was a tad of emotion in there, but I'm level-headed and conservative. Okay.

All right. Because you got common sense. That's why you were selected okay and how big is this trust my little it's the money in the bank is at 11 million and then the properties are probably brings a fate to about 20 something wow i know wow my little family did rice and beans and beans and rice, and we're good. I have a sweet little family that we take care of, but this is something else, right? Yeah.

And I've been presented with a big investment opportunity from my oldest brother, and I'm just struggling with the... What is big? About half of that $11 million that's in investments right now. And he wants you to invest it in what? Purchase a best friend's company that's going to do double the business of what they're doing now. It's going to be multi, multi-million. I heard you say you didn't believe it. I do not believe it.

No, you don't believe it. Does she? I don't believe it. I don't not believe it. No, you don't believe it. Does she? I don't believe it either. Yeah. I don't know much about it, but I don't. Hey, you're in charge. And you don't need to feel guilty for being in charge. You're put in charge because you've got common sense.

We may want to invest some of it rather than sitting in the bank, but I'm not sure this deal is the right deal. As a matter of fact, you're pretty sure it's not. I don't know anything about it, in the last year, it's crazy! Christy Wright, Ramsey Personality, is my co-host today. If you've been paying attention to the real estate market in the last year, it's crazy! Have you noticed the competition out there is high? Inventories are low. Yeah, this is not amateur hour.

You do not want to be dealing with a real estate agent that doesn't know what the flip they're doing right now. If you're selling a house, you've got to have somebody that knows how to navigate this weirdness. If you're buying a house, you've got to have somebody that knows how to navigate this weirdness. If you're buying a house, you've got to have somebody that knows how to navigate this weirdness. You need to get a pro, and we vet the top agents in your area. We do not let someone become an ELP unless they are proven. Years of success, lots of volume. They don't sell three houses a year and get to be an elp for us so you can instantly connect with an endorsed local provider in your area please do not get in this

real estate market and just wander around like a lost sheep you're going to get slaughtered because it's just bad out i mean you you you can really mess up right now selling or buying especially selling. If you're going to sell a house, get a high-quality, somebody who really knows how to work this stuff, because you can make a lot more with somebody who knows what they're doing. Anyway, go to RamseySolutions.com slash agent, RamseySolutions.com slash agent. Get in touch with one of our endorsed local providers. All right, on the free stage with a question from Nashville is Caleb.

Hey, Caleb, what's your question? Hey, I want to say thanks for having me on. I know you didn't have to do this. Sure. So I hope you can give me some advice here. We'll try. So my grandma is 72 years old. She's debt-free, house and all.

Her only assets are her house and a $60,000 CD. She recently started talking with her high school sweetheart after 55 years and has just gotten engaged. But the issues are, we've ran three background checks on this guy, and he's found out he's $500,000 in debt, largely to the IRS. Other than that, we talked to his ex-wife, and it says

he has a problem with overindulging alcohol, being a very dominant male figure. It has bad financial tendencies, obviously. Yeah. The thing is, she's not listened to any of these red flags, so she hasn't felt affection since my grandfather died about 17 years ago. And she's really flattered by little gifts and stuff that he's giving her.

And we've really tried to talk her out of this, but we just don't. She's all this stuff, all the red flags, it's going one ear out the other with her just because't she's all this stuff all the red flags just it's not going one ear out the other with her uh just because she hasn't felt affection by a man and uh i was just trying to see if you have any advice for me and how we should approach this situation before she gets married wow well i want to first commend how much you care about her because it shows that her family cares about her so much that y'all would go to that effort to do the background checks and think about her and look out for her and even come here and ask this question. So well done.

You love her very much. We do. And that shows. Yeah. That's powerful. Even as he described it, he said she's 72. Yeah. And it's his grandmother.

So when I think of a grandmother, I think of someone like, you know, that's a lot older than that. My mom's 72 yeah and it's his grandmother's when i think of a grandmother i think of someone like you know that's a lot older than that my mom's 72 dave so this would be like you know this question my mom i'm a 60 year old grandfather shut up christian grandparents i think of grandparents as older but that's my mom i mean you know yeah so uh the the problem is not how to smoke the guy out. The problem is she's not willing to do it. I can give you some ideas on smoking him out, and he'll run when you do this. But she has to do them. And so because you can't, you know, it's not illegal to be stupid right that's the problem

and um who will she listen to pastor another friend someone that's wise she's not listening to her family she's she has seven kids she's only listening to one and uh that one kid has just came out with our family uh as a homosexual and that's the only person that she's listening to and he's the only one uh you know our family's very well is he concerned about this guy no that's the thing like we're all he had like a big spotlight you know we're all conservative christians i understand but i'm not worried about his lifestyle. What I'm concerned about is, does he still have influence with her? And is he questioning also this relationship?

He's not, because he's trying to get the spotlight. You know, he has his approval. Everything, no matter the red flags, this is like a big family issue. Okay, so he's going along with it. He's going along with it. He has influence, but he's not helpful because he wants to go along with that's the only person that's the but because of the dynamic okay and um is there anyone that she trusts that will listen to her that's who i'm looking for that's it that's the only person she's not listening to pastor she's not listening to

friends she's not listening to nobody um we had you know there's my whole family here this weekend for mother's day yeah and the guy showed up and uh it was a a big fiasco but you know she just you know we try to talk to her and we don't know what else to do and we're really scared for her yeah i'm scared for her too because i think she's been taken um i don't know how to stop it from happening yeah uh because it's not illegal and uh she just got bad judgment that's what it amounts to and um and you've outlined why you think that is and i you know with what with what you're telling me i you know uh assuming all the information you have is correct um and it's a bad situation obviously she doesn't need to go forward on but i mean all she would have to do

is just say uh i need a prenup before marriage i need to put everything um over here to the side that i currently own that you don't have access to it to ensure that this relationship is not about uh and she could blame it on the family right she could say so that my family will shut up okay maybe you talk to her about that if if anybody's having a conversation with her this's normal, at normal tones without it screeching and yelling and all this. But, I mean, whoever's having a calm conversation, hey, granny, here's what y'all do. Blame it on me and tell him that you need to have a prenuptial agreement to put all of your assets aside so that my kids will shut up. Now, is there a way to where she has to have like a co-signer of the family because okay so it'd still be her decision then

it's her decision to do it yeah or not do it yeah if she's she's a she's an adult she's allowed to she's allowed to conduct business and allowed to get married and allowed to do all this i mean unless she has proven incompetent mentally, and you've not mentioned that. No, she's not. Lonely is not mental incompetence. Needing of affection is not mental incompetence. So you'd have to go into court and prove her. Like if she had Alzheimer's or something, you could get a guardian appointed to her by the judge, right?

And then you would take away her rights to do transactions on her behalf because she's not capable. That's what I had said. This is just bad judgment. This is not any of that. What did she say? Did y'all present this with her, like the $500,000 of IRS debt and all that? Did y'all talk to her about that?

Yeah. And what did she say? She's almost like she don't even believe it. Yeah. And like, you know, we've even hired a PI. Wow. The other day, the PI even told us to, because when he showed up, they said, you know, kidnap your mom because this is a bad situation.

Wow. And, you know, it's just like we try to talk to her. Well, I wouldn't do that. That's a federal crime. Okay. Right, right, right. I'm just saying like what they said. Because P.I.'s an idiot.

But, yeah. I mean, I guess he's just being melodramatic. Yeah. But, I mean, I might take her on a long trip, though. Right. A friendly type of kidnapping. Hey, Granny, we're going to Hawaii for three weeks. A vacation.

A vacation kidnapping. Okay, load her up. Here we go. Yeah. You know, if your family has the, if you can get her out from under his influence long enough, on a vacation, a family vacation or something. But if somebody can just say, Granny, listen, blame it on me. Yeah.

Just blame it on me. In order for my kids to shut up, I need to do a prenup. Because that'll make you sure that this guy's real. And if you do that, I'll shut up. And I'll stand with you against the rest of the family, and we'll shut up, if you'll at least get a prenup. Because once she introduces prenup to Duber,ber's gonna run yeah okay because this guy's after one thing that's what that's what we all say too yeah yeah i think he is i think i think you've identified that and i really don't disagree with your conclusions on that but wow that is so hard it's so hard and

um yeah and there's a lot of dynamic going on in the whole family. So, wow. What a deal. Hey, man. Thanks for coming by. Thank you. Open phones this hour. 888-825- 5225. You think he's a scammer? Oh, yeah. No question. And what's interesting is they

can present the prenup idea and not even have to go through with it because he'll run at just the threat of it. If she puts it up there, it's a test. It's a test. Granny, here's how you can test him and how you can shut all of us up. That's right, all at once. Maybe you get in her ear on that, but I don't know. I kind of don't think so.

I think things are too melted down now. This is The Ramsey Show. Our scripture of the day, James 1 and 5. If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given to him. Senator Dale Conner said, do the best you can in every task, no matter how unimportant it may seem at the time. No one learns more about a problem than the person at the bottom. Wow, amazing. Jordan's with us in Salt Lake.

Hi, Jordan. Welcome to the Ramsey Show. Hello, Dave and Chrissy. Thank you so much for taking my call. Sure. What's up? I just have a question about refinancing my primary residence. Currently, just got married last year.

She and my beautiful wife decided to take on four children that I had into our marriage, so it was great. We have this primary residence. We built out the basement. Currently owe about $250,000 on that. I owned another home before we got married. We currently rent out that home, owed about $250,000 on that as well. The primary residence is worth quite a bit more, it's worth about $500,000. Curious about refinancing, doing a cash out refi in our primary residence

to start paying down that rental home and start getting more cash flow off of that. well if we reverse engineer that and say uh i want to refinance my personal residence in order to buy a rental home that makes me go no you know and so um the you didn't get into this rental home uh because you set out for it to be a rental home it's by default it was the old place you used to live correct yes and currently my parents actually rent that home so it works out great for us oh no it doesn't it's good because they sold their home to get out of debt that was was the biggest thing. So we were like, hey, you can rent it, and we've never had issues with payment or anything. Yeah. How long is that going to go on?

Kind of indefinitely right now. I told them they could live there as long as they'd like, and it works out great for us. The biggest thing is we have equity in both homes. Obviously, more in our primary residence. It's a lot larger home. So we're just, you know, we could sell that rental home, for example, maybe cash out. That's what I was going to suggest is you sell it and use the money from it to lower your balance on yours. But now you're putting your parents in the street, so that adds a variable.

Yeah. Yeah. That's what I would do. Before I heard about the parents, I had already sold that house a minute ago. that's what i okay before i heard about the parents i had already sold that house a minute ago but now now that makes it difficult so uh i just hadn't gotten around to telling you yet but um wait for a break but the uh yeah that so you know you're going to be holding that house as long as mom and dad are in there i guess and um if you're gonna be doing that then we decide okay we we have no other debt right correct yeah you have your emergency fund right and you're putting 15 of your income into retirement then this is just baby step six

and it just is a matter of which of these do a payoff why would you uh what's your current interest rate on the one you're living in um so they're both the same 3.375 so pretty decent yeah i would just sit on both of them and let's just pay your personal residence off first and your rental off second or if mom and dad ever do move on then sell the rental at that point but um no i would not borrow on my personal residence to buy a rental or to pay off a rental either one uh be more i'd have more of a tendency to do it the other way around because I don't put where you live at risk with more debt. So we're going to avoid that.

Naomi is with us. Naomi is in Fresno. Hi, Naomi. How are you? Hi, Dave. I'm doing well. Nice to connect with you guys. How are you? Great. How can we help? Hi, Dave. I'm doing well. Nice to connect with you guys. How are you? Great. How can we help?

Okay, Dave. So I'm kind of lost. I just got summoned last week and I'm being sued for two credit cards for Bank of America. And so I talked to an attorney. Attorney said, okay, in your situation, we can go ahead and do bankruptcy chapter seven. Yeah, this would be a bankruptcy attorney. Asking a bankruptcy attorney if you're bankrupt is like asking a dog if it's hungry. True. Yeah. So how much is the balance on these credit cards?

Okay. So for in total, it's about $13,000. You don't file bankruptcy over $13,000, Naomi. No. Why haven't you paid them? I'm sorry? Why have you not been able to pay them, hon? I was paying.

I had a personal loan, so I started paying that. And then I had another credit card with Citibank, so I started paying that as well. And then I had foot surgery. And then I had to take on another job, which I took a pay cut because I moved. So pretty much I just kind of fell on my payments. Yeah. Okay. So what do you make now?

What do you make now? I'm on unemployment, and I make about two weeks. They give me about $1,400. Okay. They're not going to get anything if they sue you. You don't have anything. I don't. I don't even have a car.

They can't have anything. I don't, I don't even have a car. They can't get, they can't get unemployment. And I also have another car for capital one, which I owe 5,000. Doesn't matter. They can't get anything. You don't have anything. So your problem is not your debt. Your problem is your income that you don't have. Right.

I mean, if you got a job making $30,000 dollars a year we can walk you out of this in no time yeah and the thing is you're not bankrupt honey you're trying to live on unemployment and life is not designed to do that you have no income right and i Correct. And I'm moving in two weeks down to SoCal. So I'm hoping that by then, maybe in two, three weeks, I can find a full-time job and maybe get a little more income. You're moving where? Right. To SoCal, Southern California. Oh, SoCal.

Why do you keep moving? Yeah. Because my boyfriend's job kind of keeps him moving around. So this is probably like the fourth time we've moved in like the past probably three years. Yeah, when are you figuring out this ain't working for you? It's not working for me. So quit following him around and being broke. Yeah, I actually thought about it.

I actually thought about just leaving and kind of doing my own thing. But with my financial situation, it's just been kind of hard. But I have thought about it. Your financial situation is you don't have a job. Right. And it's hard because of what you've been doing for the last three years. It might actually get easier if you could have an income. If you could stay put in one place and get a job and make some good money.

That could fix this whole thing. You can clean up this debt in no time once you get your career goals straightened out and get your life straightened out, kiddo. You do not have a debt problem. You have a life problem and a career problem. And your career problem stems from your life problem because you're following Doober around and you've got no life. Yeah, that's pretty much it.

So at this point, it's like I really don't know what to do, and I figure maybe bankruptcy would be an option. No, it doesn't help Sweet Naomi. What helps Sweet Naomi is when Sweet Naomi starts valuing Sweet Naomi's quality of life over following Duber around. You are worth more than this. You are more valuable than this, girl. The only way you get to follow Duber to SoCal is when you make more than he makes. And you start telling him what to do

because this is this has drained these the bone marrow out of your life you have no money you have no career you have no income and you're calling me about filing bankruptcy on a tiny tiny little amount of debt that could be cleared up in no time i can settle thirteen thousand dollars that bank of america is suing you on for probably two thousand bucks but you ain't seen two thousand bucks in a long time kiddo no i do have a savings money you have a career problem you have to get your income going and you have to get you have to value naomi Naomi enough to put Naomi at the front of the list. Naomi's getting trampled on.

She's taking care of everybody but Naomi. Am I wrong? No, you're not wrong. You're not wrong. Sound like I'm being too tough on her. No. Sweet girl. No.

Seriously, sweet girl. Love yourself a little bit. It's not a bad thing. It's not being selfish. That puts us out of the Ramsey Show and the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Have a friend or family member that needs a 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.