The Ramsey Show - App - My Husband Blew $14,000 On Mobile Games (Hour 1)

Episode Date: July 4, 2024

Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Jade Walsh, our Ramsey personality, is my co-host today as we answer your questions about your life and your money. Open phones at 888-825-5225. Ariana is with us in Portland, Oregon to start off this hour. Hey, Ariana, how are you?

Good. How are you? Better than I deserve. What's up? I am trying to figure out how I can get my husband on the same page with his out-of-control spending so that we can have an emergency fund to fall on and pay off some of our debts that we have. Well, what is his out-of-control spending? What do you mean?

My husband spends over $1,000 a month just on phone games. Oh. Phone games? Like Candy Crush? Yeah, on his iPhone. Oh, wow. Yes, and I found out by looking at our statements. When you say that out loud, does it sound as crazy to you as it does to me?

Yes. Like this is like illness level. Last year, he said. I'm sorry, you cut out, honey. What did you say uh-oh thousand you're cutting in and out you he spent what 14 000 last year yeah and what's your household income apparently your phone has not been paid um i can't oh you're back we're losing most of your phone here so okay so what is your household income 83 83 000 okay are you somewhere where you can walk and get a better

signal maybe um because you're losing you about every third word85,000. How old is your husband? 29. Okay. I have a question. We have a four-year-old daughter. I have a question. It's just what I'm wondering. Something tells me this is not the only thing he's overspending on. What else is he spending crazy money on? His car.

His what? His car. His car? Car. What's that? Yeah. His what? His car. His car? Car. What's that? Yeah. He has a 91 Volkswagen. Yeah.

Okay. Which, yeah, that just screams money right there. I'm a stay-at-home mom. Yeah. And I am the one that pays the bills. Yeah. And I pinch money wherever i can okay so that we can get those paid you're you you guys need to see you need to get some professional help that's what i'm thinking too yeah because this is not a hundred dollars uh and he makes two hundred thousand and it's over a thousand i know i know

it's fourteen thousand a year and the money we're spending on the car too so there's something i'm sure you're aware of this or maybe you haven't heard but in dealing with our phones what we are now discovering is that a lot of the things, the games actually have them, they've carefully designed the games to create a dopamine hit to cause you to come back again and again and again. They designed these games to be addictive. If you're not aware of that, that's very true. It's also true of, for instance, the way the videos now work on slot machines. They have carefully designed those to be addictive. It's also true of, for instance, the way the videos now work on slot machines.

They have carefully designed those to be addictive. So your husband is involved in an addictive behavior loop because if you just say what he's doing out loud, everyone that hears it except him thinks cray-cray. Yes. They think he's nuts. I know. Okay. And so this is not a money problem this is you have a husband that is addicted problem now what do you do with that if your husband was doing cocaine if your husband was doing pornography if your husband was doing some

other form of addiction what would you do well you would demand that he gets some help and you would begin to see someone to build language and a narrative to talk to him in such a way that he starts to understand that he's destroying himself and his family with this behavior yes because i feel like at this point i'm talking at him this point what it feels like i'm talking at him. This point what? It feels like I'm talking at him. Oh, yeah, you are. You're talking to an addict. I just feel like I'm nagging.

He's glazed over. You're talking to him when he's drunk. Yeah. You can't talk to a drunk. Right. It doesn't make any sense. But what you do need to do is sit down with someone that can give you some language that says, okay, this is terrifying me i have a baby and i feel like i am in the house with a cocaine addict right because you are

exhibiting the exact same behaviors as a cocaine addict yes and he just spent 700 in the last three days yeah so it's getting worse. My goodness. Well, I mean, we've established he's out of control. We don't need any more evidence. That's established. Does he think that there's a problem at all, or when you bring it up, is he like, no, this is fine, there's no problem here?

He's told me twice that he was going to disconnect the car from his phone, but then that did not happen. Well, I mean, I promise you I'm not going to get drunk anymore, but I am hanging out in the bar. Right. Yeah. Right. And we do have a car payment every month,

and with what he spent last year, we could have paid off the full balance of what we owe left. Yeah, but the car payment is not your problem. Right. The problem is your husband is an addict. Yes. And you need to start treating this situation like your hair is on fire. Okay.

With lots of urgency. And so are you guys, by chance, in a good church? No, we're not. Who is in his life that can talk to him, that will listen to him? It's not you. It's definitely not me. I think that we'd have to hire somebody that doesn't know us because he doesn't have a father figure or a mother that he'll listen to. So you need to say, honey, I'm going to marriage counseling because I'm afraid our marriage is going to end

because I'm terrified that I'm married to an addict. You are completely out of control. I'm going to go see a marriage counselor to try to save our marriage. I hope you'll come and set an appointment and go. Okay. Regardless of whether he goes or not, you go without him. Okay. And have that person start to teach you how to speak to an addict

to give you any possibility of getting through the fog of this into his brain, and he remembers that he's a husband and a father more than he is a game player on a freaking iphone right i'm sorry he defies it because he works so much i don't care how much he works it doesn't mean you don't just because you work a lot doesn't mean you get to do cocaine oh thanks sorry that's not how this works i think he's not a trade-off here. I think if I were in her shoes, his phone would suddenly go missing tonight.

You think it would? Just look at you. It's almost like it ended up in the river and no one knows how it got there. I have no idea where it is. You know, after I dropped it out of the car doing 95, I have no idea what happened to that phone. Exactly. It's somewhere between one of those mile markers back there. I know that's right. I have no idea, but to that phone. Exactly. It's somewhere between one of those mile markers back there.

I know that's right. I have no idea. But he'll have another one by morning if he's not well. That's true. This is The Ramsey Show. Jade Warshaw, Ramsey personality, is my co-host today. Open phones at 888-825-5225. Andrea is with us in Houston. Hey, Andrea,

how are you? Good, how are you? Better than we deserve. How can we help? So I just started here at university and I've got all the materials. I'm kind of thinking a little bit ahead and I was contemplating what to do with the two cars I have. Okay. Basically, they're both upside down big time, but I mean, in the perfect world, I'd love to sell them both and get a really cheap minivan that I can fit my five kids. What do you owe on the first one? It's $37,000. And what's it worth? Well, one place, one dealership called me and said that they could pay 40 grand for it but then the

car fax or max whatever was saying like 30 like really low 30s okay well what's the other one yeah it's the truck um it's uh 47 on that one and um definitely i could i know i can only get like 30 probably 30 mid 30 for it okay the traverse is upgraded but the truck isn't it's just the average um uh dodge ram okay so have you let's do a little bit more research on this first car and find out if you can really get 40 for it because if you can are you looking at to just you're going down to a one car family or you because you could take the 3 000 if you if it really is worth 40 put it towards a 47 and keep rolling or if you're if you were wanting to sell both at least that 3 000 could go towards the

amount that you're upside down in car number two you have you have any money you have any money like 20 grand upside down at least yeah well that's that's dave's next question is do you have any money set aside whatsoever no that's literally the plan so um i have to still save a thousand emergency um i've been i'm credit cards are starting to get paid down and I plan to cut the first one this next week. And so I'm kind of still thinking ahead, though, because I want to attack this pretty intensive. So your plan was to sell both cars. What was your plan after that? I guess I'm trying to get on your train of thought, because I can tell you what I would do.

But you're going to sell both and get cash for a car, like a minivan that I can fit all five kids. Okay. And then what does your husband drive? I'm divorced. You're divorced. Oh, so you own two cars with one driver. Right. Oh, okay.

And what's your household income? Okay. Right now, I'm the self-employed business owner, and so after business expense, and my cut, basically, after employees, it's $120 a year. Good. Okay. So you're on it. I love your intensity. Thank you, thank you, thank you. You're going to go places. You're going to be okay.

Yep. So, well, how bad is your credit um it was close to 740 now it's down to a 650 because i've chosen to pay other stuff rather than credit cards um do you have uh who's the truck loan with who do you owe the money on the truck to wells fargo so it's a bank, and it's a good interest rate. No, it's not a good bank, but it is a bank. It's not a bank that's going broke. Okay, so what I would do is trot over to –

has Wells Fargo got a branch there that you work with? I kind of ordered the car online. I mean, I can look for a branch. What I want to do is talk Wells Fargo, and I would prefer to do it in person, talk Wells Fargo into letting you sign a note for whatever the truck doesn't bring so that approximately $20,000 or so, hopefully you can get more than $30,000 for it. Hopefully your data is wrong and you get into kbb and you do a private sale and you get 35 or 37 then you're only 10 in the hole yeah but you would borrow that 10

from wells fargo and uh then they would release the title to the buyer because you've got to sign a note for the difference in other words they're making you the equivalent of a personal loan which they already have they're just admitting it. Okay. Because the truck's not worth enough to cover in the event of a repo. So they're already not, they already don't have sufficient collateral and they're just allowing you to get rid of the debt, which ensures that you're actually going to pay the 10 or the 12 or the 15 or whatever the difference is.

So that's what I want to start with is try to get them to cover, let you sign a note for the difference. How much other debt other than cars do you have? Credit cards, personal loans, and student loan. How much? How much credit card? So the credit cards are probably totaling about 10 grand left to pay. Good. Personal loan is about 10 grand as well because I have two. They're small. Perfect. And then the student loan used to be $20,000. Now it's $9,000. Okay. So I've paid that down. Okay.

So what I want to do temporarily is stop paying on the student loan completely. Who's the personal loans with? Personal loan is some silly companies called Opportunity and Reprise. They were basically when, because I have slow months with my work, and so I didn't have emergency savings or any kind of bill savings until I got personal loans out. Okay, I'm just wondering if they would loan you the money to get out of that car if Wells Fargo won't.

If they pay it off, they would. No, I'm not talking about if you pay it off. I'm talking about the $10,000 hole. The difference. $15,000 hole you're in on the truck. Oh. I'm trying to get rid of that truck today, and you've got to give Wells Fargo $47,000 to get the title to that truck to sell it.

In order to do that, you've got to cover the difference, the amount you're in the hole. If Wells Fargo won't let you sign a note for the difference, you've got to find another bank or credit union you loan you that that's why i was fishing around for so okay now yeah i'm selling selling both of them if i can find a way to cover the truck deficit by borrowing that amount and then you're going to uh that's going to get rid of way more than half of your debt uh and yeah scrape together the cash with the difference on the van and whatever other cash. If you have to stop debt snowballing for a minute and get you a $5,000 van, right?

I hope you can get five more for the van than it's worth, and then you can just go get a $5,000 van. Then we can get the truck sold. That's going to leave you $10,000 or $15,000 in the hole. Then you've got $10,000 on credit cards, $10, cards 10 on personal loans and 20 on or nine on student loans left so you know you're going to be out of debt really really fast with your intensity and your intentionality you are really doing good really good that's exciting i'm excited it's not even my situation yeah she's really taking action so let me tell you what when you start saying i'll do whatever it takes and you mean it yep for towards any goal you're going to get the goal yeah

well she's you can tell she didn't say what it was but she's got a reason and it's it's very clear what her reason is and why she's got to do this and why she's got to act so intensely and that's really the difference between her and somebody who calls in you know lollygagging through this thing yeah it's probably pretty easy to surmise a stinking truck was her exes heck yeah oh yeah so that thing is there's a lot of reasons to be pissed at that truck but the uh yeah getting rid of that and wow and then cleaning up this mess with your $120,000 income in one year you're going to be in such a different place because you're willing to amputate these vehicles where you're willing to get rid of them. And so you've got to set up the deficit.

You've got to cover that deficit, and then you're going to be fine. Very good. All right. Jeannie's in New Jersey. Hi, Jeannie. How are you? Better than I deserve. Anyway, I had a question. I hope it doesn't sound stupid. I'm kind of doing

this by myself. And I did go through SPU. I didn't have the best experience, but I'm smart enough to know how to eat the meat and throw away the bones, if you know what I'm saying. So I went through the course. I feel like I went through steps one through three relatively easy. And I'm wondering, is there ever a time when it's okay to be intense to, I need to buy a house very soon. And is it okay to be intense in step six? I'm kind of, since I never really felt that. I'm kind of interested in what these bones you're talking about, but I'll say that till the end. You know, I think some people, they go through one through three quickly, or maybe they had something they were able to sell, or it's not as much of a process. So if you want

to go quicker through baby steps four, five, and six, that's up to you. We tell folks they don't have to be intense, but if you want to be, you know, that's up to you. If you want to get there quicker, you know, do your thing. I'm not mad at that this is the ramsey show jade walsh all ramsey personality is my co-host today thank you for joining us america jake is with us in dayton ohio hi jake how? Hey, thanks for taking my call. Good. How can we help? So, world got a little flipped upside down. I got an injury. I'm 26. And they said that I'm going to need a total knee replacement.

And it's not going to affect my career now. However, in the next 10 to 15 years, I'll need a second knee replacement. And based off that, they said a decent chance that I would not be able to go back to work. At that job? Yeah, in this career field. So I'm in law enforcement. So my thought process I'm trying to figure out is do I go ahead and switch careers now? Because I don't want to keep dumping money into a pension and then be 40 with kids

and then have to switch careers and take a pay cut. Because everything I'm looking at right now is a significant pay cut to where I'm at. Okay. Well, let's just change the set of assumptions. What do you make? Last year, with overtime, I made 102. Okay. All right.

So the assumption that you can't make 102 ever again in your life is not a correct assumption? No, sir. Yeah, I get that. It's just everything I'm looking at right now. I know. But right now your heart's kind of broken because you've had your sights set on being in law enforcement your whole life or a large portion of your life and you're heavily invested

and then you got injured and you've gone through the trauma, the emotional trauma of the injury and the physical trauma. And now they're telling you that, you emotional trauma of the injury and the physical trauma. And now they're telling you that, you know, your dream's going to die early. Right. And so in that mindset, you usually don't see the sunlight. You usually see the storm clouds. That would be human nature. Not that you're a bad guy.

Okay. But I'm not sitting in all that mess that you've been through and so for me i've got a 26 year old guy who's bright enough to become a police officer he's bright enough to become a lot of things between now and 10 years from now i mean you could open a business and make two million a year i don't know how old are you 26 i'm i'm 26. And since I found this out, I signed up for classes again, and me and my wife are cash flowing that. Good. But I'm just trying to, yeah, I just don't know, like,

how long is too long to stay in this career based off of, you know, like when's the best time to switch careers? Well, number one, you don't want to get injured again or, you know leave your partner in trouble because of an injury or something like that um and number two you don't want to uh you know wear it all the way down but do we have to decide this week no we don't decide this week i mean we have to go work at chick-fil-a no crap no that's not what you're doing okay you but you know what i would do is say okay over the next two to three years

i'm going to develop a career my next my encore career my next career after the curtain goes down and comes back up and uh i'm going to get you know what classes i have to take or certifications i have to take to be that and i'm going to become a student of ken coleman and and go live my next dream which oddly enough might end up better. No, I like that. That's interesting. Yeah. Yeah, that's making God's making me change a career here. I'm just trying to figure out what kind of timeline is here, you know?

Yeah, maybe. My whole life was set up for me to be a real estate investor, and then my real estate portfolio was deeply in debt and I lost everything and I was 28 years old just a tiny bit older than you with a brand new baby and a toddler and um and went bankrupt and lost everything and so um I get to have a new career after that because guess what they don't loan you a bunch of money at the bank to go do flips if you just file bankruptcy so that was kind of out and so those days were over plus i was done with them because it didn't bring me a lot of fun and so and by the time your knee got busted you

know you're you're part you're partially over being a policeman at that point because you're like this this is less fun than i thought it was going to be yeah you know and so you're having a little bit of that same kind of an experience and you get this next chapter of your life this uh second half so to speak and yeah you know i think about things like that even what you just said dave you did this i was just about to say i came from entertainment i was an entertainer my entire life and then covet happened and there was no entertainment and i had to contemplate my life and And I realized. We were down to Fauci being entertaining. That's how low we got. But I realized, hey, there's other things I can do.

There's other things I'm good at. And I think that you'll find the same thing. And I'm the type of person where I think we just go from good to better to best. Like if you're living your life right, it's just getting better and better. And I think that this has the opportunity to take you on yet another adventure that's going to have another great outcome you know being a law enforcement officer is going to be the first part and then you're going to move on to something else and then who knows you might move on to something else but that's just the evolution of life and it's not a failure it's not an it doesn't have to be a negative this can be a this can be one of

the greatest things that's ever happened to you because it'll open that, that next door. You don't know what's going to be behind it, but you got to keep turning those knobs and something's going to be behind there. And you're going to look back on this and go, man, here's what my prayer always is. I want to look back and go, man, I'm so grateful XYZ happened. Because when that happened, it allowed me to do this, this, and that that and this has the potential to do that for you you'll look at this right now it's painful it sucks but in a couple of years in eight years in 12 years you might go never dot dot dot if it hadn't been yes you know i never would have been at ramsey if it wasn't for 2020 yeah yeah and everybody hated 2020 thank you thank you fauci that's the only time we'll say it that's

the only time it's only time you ever hear that nobody nobody but except the plexiglass people say thank you fauci i'm just saying now that's what it means to get fauci'd then so yeah that's the thing anyway but i mean yeah the point is i mean i i didn't i didn't sign up for bankruptcy it wasn't what i wanted to know uh and i and i won't say it's the worst it's the worst thing. And I won't say it's the worst thing that ever happened to me, and it's the best thing that ever happened to me. I agree. Both. Yeah.

Very dramatic, traumatic. And I still, you know, we've got the actual bankruptcy filing on the wall. Wow. I file bankruptcy out here in the Ramsey lobby when you come out here, just so you can see how this started. And I walk by that, I still kind of go, You know, it's like, oh, crud, you know, but it's been 30 years

and I still get the heebie-jeebies. But yeah, but so it's not like I'm still joyful about the whole thing. But, you know, I never would have sold 10 million books selling houses. Yeah, I feel that. I thank God that we went through that $460,000 of debt.

It sucked at the time. I'm going to sign you up for Ken Coleman's career assessment. And it takes about 15 minutes to take. I'm going to give it to you free. And I want you to take that. And it's going to kind of point you in some directions that you probably were already thinking about, but it'll start to give you some clarity on that.

And I'm also going to send you his book from paycheck to purpose because i think what you've got here is not the end of the play i think you've got the second act we're between the first act and the second act and um there's no rush you said you've got 10 years before this is going to go sideways on you so to speak and um but so i mean we can take two or we can take six months and figure this out we do want to actively figure it out though we don't want to sit and let this situation happen to you that's right you want to happen to it be proactive but let's determine you know okay here's the direction and then and let me tell you what the direction is jake the direction is not go back to school that's a good point that isn't people get this is not go back to school. That's a good point.

That is, people get this, I just go back to school. For what? Because if you don't know. I don't know, because that's just, I just go back to school. No, that's dumber than a rock. You may be studying exactly the wrong thing. And you may not even need to go to school for what you're thinking about doing. So, when we talked to a guy the other day, he's making $300,000 a year and he has a landscaping business.

He cuts grass. Yeah. You shut up yeah do not go back to school unless you know you've done your research you are locked in you have to have it yeah you definitely don't go into debt for it no but you have to have you have to have the degree or the knowledge base to open up the fee you know it's permission to play in the field you're going into. Right. Okay. And so, you know, what have we got to do there? And, you know, it could be as simple as, it may not be appealing to you, it could be as simple as you work on your master's level stuff in law enforcement administration,

and you move up into leadership. That's interesting. And, you know, where the knee is not the problem, and that changes the whole discussion. I don't know. Maybe your law enforcement parlays you up into that. It's okay to be either of any of those. But do it intentionally.

Take two to three years to get tooled up. Begin to make your move gradually. So you sneak up on this, it doesn't sneak up on you. And we'll send you the tools from Ken Coleman to help you do that. This is The Ramsey Show. Jade Walsh, all Ramsey personality is my co-host today. Thanks for being with us, America. Open phones at 888-825-5225. Bill's in Hartford, Connecticut. Hey, Bill, how are you? Hi, Dave and Tate. Thank you very much for taking my call.

Sure. What's up? So I have a question. So I own a condo with my wife, and I was wondering, is it possible to rent instead of owning a condo to save up to buy a house? Why? What is your opinion? Why? Oh, I own, so I live in an apartment kind of in-house, and me personally, I like a house better. I like the house the best.

Okay, but I mean, you want to buy a house. I got that. But why don't you just, does the condo have equity? I don't, I mean, well, here's the thing. I bought it for $160,000, and it could probably sell now for $185,000 because that's what my neighbor sold his for. Okay, so you're not got much equity.

By the time you pay expenses, you're just going to get out. You think so? Yeah. Yeah. Okay. $20,000, you're probably going to spend most of that on commissions and expenses to sell the property. I mean, maybe not quite that much, but, yeah, you're going to spend, you're probably going to spend most of that on commissions and expenses to sell the property. I mean, maybe not quite that much, but yeah, very well could.

So, yeah, you're not going to come out with a big pile of money or anything when you sell it. And then you're going to go rent something and save up a down payment. Well, what are you paying? Is that what you said? That's what he said. Is that what you said? That's what he said. Is that what you said? Yep. What are you paying now every month?

So the mortgage, this is including the Kino fees, is $1,232 a month. Do you think that you would be able to rent for cheaper than that? Well, I looked online and rent ranges from $1,200 to $1,500 to $1,300 in Connecticut. Yeah. For a one or two bedroom. So you're not going to do any better? Well, okay. So here's the situation.

So stuff like, say, for example, the furnace went out. I had to pay $4,000 to replace it. Yeah, because you own it. Yep. had to pay you know four thousand dollars to replace it yeah because you own it um yep um i mean would it benefit me to live in a place where i don't have to pay for um to fix things up i wouldn't do it i would stay where you're at if it was some drastic you know if you had a bunch of equity in there that you could get your hands on that would be one thing if you found that it was going to be a drastic change, you know, between renting and what you're paying now and ownership, you know, you could consider it. But for you,

there's no real difference. I mean, you got to put your emergency fund aside, you know, for things that pop up. And yes, home ownership or condo ownership in your case does come with things that, you know, you're on the hook to repair. But in your case, I think there's no reason that you can't start saving for a home now. How much do you earn every month? $5,300 after taxes. Yeah. Okay, so here's the thing. Three years from today, between now and three years, if that's what it took,

or four years or five years, if that's what it took to buy the next house, to save up to buy the next house, during that three-, four-, or five-year period of time, rent is going to save up to buy the next house during that three four or five year period of time rent is going to go up every year okay and the value of your condo is going to go up every year but your payment is not so i would stay in the condo and keep my expenses low even though you just had this horrible thing having having to buy a furnace, and that's kind of made you go kilter on it sideways. But Jade's exactly right.

I would sit right there until I can save up my down payment, and or the condo grows more in value and will help provide you with a down payment for the next move. I don't disagree with you that a home is a better standard of living for most folks, especially in early stages of your life, moving towards marriage, kids, that kind of stuff. So I think your direction is a good direction. But what I would do is sit tight and let's have this fixed low payment and deal with whatever repairs, but also get the benefit of increased value. And while you're trying to save up and buy something that's exactly it and I want to make

sure that if he has debt he pays that off first absolutely clear your debts and and be working on your income during that time too which will affect what you can buy Dave is in Philadelphia hi Dave welcome to the Ramsey show hi thanks for taking my call sure how. How can we help? So I'm expecting my income to increase pretty dramatically in two years, but in the meantime I'm having trouble paying costs, including two kids in daycare. So my question is, is it okay to go into debt, take out a loan, or is it better to become extremely frugal and cut costs as much as possible? C, work more.

None of the above. So what is this guaranteed income increase that's dramatic in two years? Explain to me what's going on. My wife is doing a medical residency, so in two years she'll be done with that and get a job as a doctor. Yeah, that will increase things pretty dramatically. That's great. And how much debt will you guys have?

Right now we have, we own a house, and aside from the house, we have about $25,000 in student loan debt. And is she borrowing to finish medical school? No, she has no med school debt. Wow. The student debt is mine. Okay. So she'll graduate debt-free in two years?

She's done with medical school. She's doing her residency right now. But, I mean, she'll finish and pass her boards after residency and become an MD. That's correct. Okay, excellent. And no more. So what's she making in residency? About $70,000. And what are you making?

About $110,000. And what are you making? About $110,000. Can you explain to me why you can't get by on $180,000? And you have to borrow money because you can't get by on $180,000? No, something's not right. We are child care costs are about $80,000. $180,000? And you're going to explain that with childcare costs? Hold on.

How much are you paying a month in childcare? It's about $80,000 a year. Why? You bought them in college? The base tuition for the child daycare we use is $25,000 per kid. Then we pay extra for early care and aftercare, and it doesn't go during the summer. So during the summer, we need a nanny.

There's cheaper routes. I know that there are. I'm going to be as nice as I can, Dave. You guys have lost your minds. There's cheaper routes. Oh, you think? There's cheaper routes. That's all I can say because here's the thing. Well, you got them in some kind of dad gum i mean

are they going to harvard what the crap it is it is a pretty fancy downgrade yeah i think they're not even in school and you're already paying 25 000 a head yeah come on dude that's just dumber than crap. Seriously. Downgrade. It's time to take the kids off filet mignon. I don't care how much money you make. There's not enough money in the world that doesn't make that stupid. Oh, gosh.

Find you a free summer camp. Anything. During the summertime. So we're going to borrow money now. We're going to take out student loans for the four-year-old. Oh, gosh. Because that's what we're coming down to. Don't do no you make 180,000 yeah i think you need to become frugal if that's what the definition of living on 180 grand is yeah you're killing me daycare is daycare can be expensive but it doesn't have to be that expensive let's just put that out there

a kid yeah i think not unbelievable i think not i think not. Unbelievable. I think not. I think not. No. Yeah. I think you can. I'm having trouble here. I think he can get it for half that. Yeah. In Pennsylvania? I got to believe that. Yeah.

Yeah. Yeah. Yeah. If not, we're opening a daycare tomorrow. I know, right? Dave's Daycare. Dave's Daycare. In Philly.

Dave's Kids. Heading off to Philly. Load up the truck and head to beverly oh my gosh there's gold in those daycare hills this is like george's doggy daycare people man the things we now call necessities in this culture so no sweet guy you're a nice man i'm sorry to make fun of you but that's crazy and y'all need to cut that out that's not a good investment your children are precious and yes they're worth whatever but you don't need to be nuts about it yeah and and this is crazy especially when you tell me you're talking about borrowing money to cover this expense among others because

you got what two kids or three kids at 25k a piece two is 50k for daycare for two kids that's too much i think we can universally agree among all the listener base yeah nope it's too much and then then guess what you've solved your problem you don't have to borrow money david seriously if you say out loud in america today i can't make it on 180 000 so i need to borrow money just the fact that you enunciated that is a problem this is the ramsey show Hey, what's up, guys? It's Jade. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter

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