The Ramsey Show - App - My Husband Refuses To Sell His “Fun” Car so We Can Buy a House (Hour 3)

Episode Date: October 28, 2022

Rachel Cruze & Ken Coleman discuss: A husband who refuses to sell his "fun" car to help buy a new house, What to do with extra savings, Combining finances after marriage, What to do with a car, Arguing with a spouse about paying off the house. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the pods of Moving and Storage Studio, it's The Ramsey Show, where America hangs out to have a conversation about your life and your money. I am Rachel Cruz, hosting this hour with best-selling author and host of the Ken Coleman show, Ramsey personality, Ken Coleman. And we're taking your calls on life, money, relationships, anything and everything going on. We are here for you. And it's a free call anywhere in the country

at 888-825-5225. So our question of the day comes from blinds.com. Find out for yourself why blinds.com is the number one online retailer of custom window covering. You get free samples, free shipping, and with the new promos they run every month, you'll save even more. Use promo code Ramsey to get the best deal. Today's question comes from Kelsey in Wyoming. My husband is a loyal Ramsey show listener. After I tried to get him on board for years and we are on our financial journey towards home ownership. We are so close and I am making many sacrifices, but my husband won't make the one huge sacrifice that would get us in a home ASAP. He has a work truck that he can use for all driving and we're still keeping his fun car. She's got fun in quotes. Oh, boy. That's got some emotion wrapped around that one.

Whenever you go to the old quotes. Fun car. Oh, boy. The cost of the car includes paying insurance, maintenance, switching out seasonal tires, et cetera, while it maybe gets driven once a month. Boy, maybe's in all caps. The tension is building as I read this, folks.

The way the used car market is and the Kelley Blue Book value, we would be able to finish funding our down payment with the sale of this car. He will not entertain this idea. Our rent is also being raised in current projection to have us taking another two years to save up. Help, please. Oh, boy. Oh, man. Wow. Layers. Layers. Here's one thing I. Help, please. Oh, boy. Oh, man. Wow.

Layers. Layers. Here's one thing I've learned, though. You can't make anyone do anything. That's a fact. So, Kelsey, you're either going to have to become really persuasive. Oh, boy. Because, like, you can't just, yeah, what are you going to do?

Like, make him sell it. But, so, what do you going to do? Make him sell it. So what do you do? What do you do? I would get underneath really your goals, what you guys want. And that's the idea is getting on the same page. So I was going to say, if you would have your down payment saved up in six months, let it go, Kelsey. Let it go and just save up and do the down payment. But two years, that would frustrate me.

That would be hard. My rent's being raised, and I'm like, man. So you know what I'm going to do? Okay, so if I'm her, I'm not going to keep fighting the whole sell your precious car. So I'm going to go, all right, I get it. I'm not going to keep trying. I want to create more attention I want to try to get you sell your car I know you love your car whatever whatever but I don't want

to wait two more years our rent's going up so if you won't sell the car what will you do meet me in the middle if I let go of the car yep what will you do will you work another job that's what i do i i would take the car off the table and then he relaxes he takes a deep breath and i know how dudes are wired he thinks he gets a win there and right when he starts to get comfortable you go but we got to do something you got to give me something give me something Yeah. And he needs to know, too. Like, for me, if I was in that situation, you start to feel like he loves this car more than our future. Oh, wow. That's a little much.

That's how it feels, though. It feels like if we are working this plan together, we know what we want. We want to be in a house. Financially, it makes more sense to be in a house and to have our rent raised for two years you're choosing your thing over like where we could be like she's not asking to take the money from the used car and go buy like or the car and go buy purses with it right like 100 wait a second this is i'm so glad you said this because we got to unpack this i agree with everything you, except for the nuclear option there.

You went nuclear and you can't do it. I said it feels like. Yeah, but you can't say that to him because you're going to push him away even further. He's going to, then he's going to feel. No. Look, look, look. We got a guy out in the lobby shaking his head. Listen, no.

And the lady's going. And she may not feel, and I'm not going to put that on Kelsey. You can't say that. You can't say it. You can't say it feels like you love your car you can't say that she feels that i'm not saying she does let's pretend she does let's pretend that the way i would that i could be like man that would be really hard and that would be really hard it would be it'd be very frustrating i totally get that if i'm feeling that i get that i 1000 would say that to winston

in a respectful way but i'm like babe this doesn't matter this is what I'm not being known in your marriage Ken if you cannot communicate what you're feeling say that what you're feeling no you could say I'm feeling frustrated and I know I came after your I'm gonna tell you now we cannot have a conversation like this I don't think you could say that to the guy because then you make him defensive what i said was i agree that he needs to make a sacrifice but if it's not that it needs to be something else and she needs to say i'm feeling frustrated and i'm feeling like you aren't as committed to getting in the house as as fast as i am and i'm frustrated about a rent going up and you so you know what i did come at you in the car but i don't want there to be tension between us but I'm asking you you got to meet me in the

middle you got to come somewhere else that's what I'm saying don't say it feels like you love the car more than me that's horrible thing to say okay let me say this number one I agree with everything you said and I think that's a great option but also if I if she feels that way though if Kelsey feels that way which I'm totally putting this on Kelsey I think it is a I think that's a great option. But also, if she feels that way, though, if Kelsey feels that way, which I'm totally putting this on Kelsey, I think that is healthy. If John Delaney was sitting in here, he would say, because it triggers a fear. Oh, it triggers. It triggers him, all right.

And it's not a disrespectful thing. But if I don't have the freedom to be able to communicate that to my husband. I didn't say you didn't have the freedom. You better not say that. Yes, you did. I said I don't have the freedom to be able to communicate that to my husband you didn't have the freedom you better not say that I said don't I said don't say that I gave you a much nicer hallmark healthy relationship option no no okay seriously in all seriousness you really believe that if you say to your husband you love this object that he cares about more than you I could say that doesn't trigger him in a negative way no here's what I would say I would say man this is man hey man uh I would

this is how I've communicated I would just say I don't know I'm thinking off the cuff here um that for our family and what our goals are in life that we could be there so much sooner that's very different than what you said. I'm not done. And because we're not wanting it, you're holding on to something that can push us forward. And underneath that, if we're going a level deeper, it feels like it's choosing like, gosh, the future or this thing. And walk me through that.

I want to hear from you what you're seeing. What is the value that this card brings? I want to hear from you uh you know what you're seeing what what is the value that this car is brings i want to know that about you like i want to know why this is this but this is what's going on in me i think that is that is marriage to me that's marriage so i don't disagree with all of that version that version was a little bit like less nuclear than the whole it feels like you love the car more than me that does not help i just don't care i didn't say it like that no you did but the sentiment i had to add some humor to it you have to you have to communicate that though that i do think that because i do think i agree with you that there's

stuff under that like i agree i listen i agree with you i just you don't want to put him on the defensive you want him to meet you in the middle and the way you say it your tone is everything so you can't go bicker and no i don't think that but for me to tell you hey here's here's ultimately what i'm feeling and i in it and and i'm fearful in that like well help me with that like let's talk through that that's i would say i don't i think it's okay to say i don't feel like you are as intentional and as excited about getting the house as i am i wouldn't say you love something more than me that's all i'm saying not those words, but it could be the fear. And if it's the fear, she needs to communicate it. Okay. I love it. Good stuff. We're not marriage

counselors. Let's just throw that out there. All right. This is The Randy Show. welcome back to the ramsey show ken and i are still debating even during the the commercial segment that's okay not true we're not debating We're looking at the finer points of the conversation. Anyways, just to conclude, we both agree. We both agree. He needs to. Sell the car. Get into the house. Later, you can buy another car.

Oh, no. He's shaking his head no. We're getting some mix from the lobby. Well, you know what's interesting? We ran into a couple that's sitting out in the lobby of Ramsey Solutions who went through a similar scenario. And she's a psychiatrist. And full disclosure, he did sell the car,

but then he got it back later. Yes. So that's an interesting tack that I did not think of initially. Didn't think about it. It's good. Good discussion. It's always good. What say you, America? Chime in. 888-825-5225. We were talking about the inflation rate. That's fair. If you agree or not. We had Rick call in with a real-time. Look, folks, we're right here. Talk to Austin. This is your show.

Let's have some opinions. Austin, let's move the phone lines around. Let's go. The people want to speak. Let's go. They want to speak. This is your show. All right.

Up next, we do have Natalie, though, waiting in Colorado Springs. Hey, Natalie. Welcome to the show. Hi. Thank you for taking my call. Absolutely. Thanks for calling. How can we help? Next August, my husband will retire from active duty

and transition to a new career. Oh, wow. Thank you guys for both of your services. Thank you. Oh, you're so welcome. We have extra savings over and above our emergency fund. Should we save this money for the transition or spend slash put it towards the house? How much is it?

How much is above the emergency fund? We have about $63,000 in our emergency fund, and then we have another $22,000 just kind of sitting there. Okay. And when will he be back, did you say? Or he'll retire? August of 2023. Okay. So it's still, yeah. How much is left on your house? $380,000. $380,000. Okay. And any other debt? No. No. Are you guys investing 15%? Yeah, we have about $500,000 in retirement. Oh, wow. And then another small investment, about $46,000. Amazing. You know, Natalie, if I were you, I would just go ahead and throw it at the house. You guys have a great emergency fund. I mean, you have $63,000. And if there is some time for transition when he gets out to transitioning to something else, you know, you guys have the funds there if you need it. Right. But above and beyond that, yeah, I would go ahead and I would and throw it at the house. So that brings up my second question.

He's wanting to get a camper and Jeep, like a different vehicle and camper. I'm wanting to throw this money at our house debt. And I know you all run, typically you advise 50% of your annual income, and our annual gross income is about $150,000. Not to be in motors and wheels is what you're clarifying, yeah. Yes. And how much would the camper be? um we're looking at probably after we trade in a vehicle probably at least another 40,000 to get into what he's looking at okay and then how much would the jeep be well it would be it would be a larger suv but um total total to get into a camper

and a larger suv would about $40,000. Oh, together, I'm sorry. So we're working on saving towards that right now. Oh, okay, okay, okay, I hear you. Are you guys throwing any extra at the house per month? We only throw $300 a month extra at the house. Extra there, okay, okay. Yeah.

I mean, for what you guys are saving at the pace you're saving, will you guys have that $40,000 when he gets back from when he retires in August no no you won't so you'll have to continue to save yeah okay

I don't think he gets both he's got to choose right and that's where we're separated. I would like to throw it at the house and keep tent camping, and he would like to, our kids are growing up, and he wants to get the camper and the vehicle now. Okay, and see, now this is where we've got to go after this, what he wants.

Like, I want to dunk a basketball at a 10-foot goal. It ain't happening uh you know and so driving around all the time may not be realistic but we could maybe rent an rv every once in a while I have some friends that just did that with their kids yeah they saved up for it you know and and so they went and they had a great time drove all across the country and then they dropped it off and they didn't have to spend you know twenty thousand or thirty thousand or ten thousand whatever so you know wanting to camp wanting to make memories i get that but he's got to choose he's got to choose this is a this is a relationship and you got to go

look i'm for it but i really want this and so what are we going to do we can still camp out in nice tents and we can maybe rent the occasional rv make some memories, but drop it off. Because that's an asset that, you know, I wouldn't spend a lot of money on a camper. I just wouldn't. Yeah, for sure. So yeah, my focus would be, you know, he can get, you know, one thing, whether it's upgrading the car, and then I would throw the rest, yeah, at the house, Natalie. And once you guys have this house paid off uh which will be a few you know years uh then you can really save up a lot yeah and faster when you don't have a mortgage payment to go and do all those luxury things so um yeah i i agree with ken on that one so that's great can't have it all

can't have it all well you can but not at the same time maybe maybe we say all of it yep all right up next we got samantha in west virginia hey samantha welcome to the show hi thanks for taking my call absolutely um so i was divorced in 2014 um and i had have two children and i purchased a home before the tax season rolled around. And the way my ex-husband paid my portion of the house that I put into a new house was through his 401k, which cost a lot of taxes when tax season rolled around. So it ended up me putting a lot of things on credit cards. So I was buying things for the house for my kids. And I have a lot of credit card. So I was buying things for the house for my kids and I have a lot of credit card debt. I'm remarried now to a very wonderful, supportive husband and he definitely supports me wanting to pay off my debt. We don't have combined finances and we've been married for

six and a half years and I haven't tackled any of this debt. I worked part time. I was a stay at home mom before I got my divorce. So I hear I've been reading the total money makeover and my husband and I are reading smart money kids. So I'm trying to kind of change what I've been doing. Yeah, that's awesome. So Samantha, what have you been doing for work in the last two and a half years in your new marriage? Have you been home still with the kids? I was working part-time and then this past year now I'm working full-time. Okay, okay. So yeah, we've had a lot of relationship calls on the show this today. And yeah, I mean, I'm going to continue to go back samantha to what we've said it's even past callers today but um yeah getting on the same page is it is it's so crucial when

you combine even from a you know logistical standpoint when you combine your checking accounts and you guys are working as one uh that speaks magnitude to what you guys how one you guys are that's just like kind of a symbol a data point to say okay if we can combine accounts and we were working on the same checking account and when a paycheck hits whether I'm full-time part-time he's full-time whatever it is the money hits the account it is ours we are one there's a level of commitment a level of intimacy a level of richness that really happens when you say we really, really are going to lock arms and be a team even with our money. And so he's probably

hesitant, maybe because it was the credit card debt before, you know, you came in. But do you feel like with money, would you say how you've acted so far in the marriage with money that you can be trustworthy? Like, have you established good money habits? Oh, absolutely. Yeah. So, so yeah. So for me, it'd be different if you're like, yeah, I kept racking up credit card debt. And last month I racked up $2,000, you know, I'd be like, yeah, I understand why he doesn't want to like combine because you guys are in two totally separate places. So hold on the line, Samantha. Austin's going to pick up and give you guys Financial Peace University for a year and in every dollar, our budgeting app to start working together because it's crucial, crucial,

Samantha, that you guys work together. When you do, then I think that trust transfers and he's going to be more on the same page of saying, hey, together, we're going to tackle this debt. are you sick of planned obsolescence you, when companies make products crappy so you have to buy more of their crappy products? Well, me too. And it's why I love companies like Grip6. Grip6 is all about quality products meant to last forever. That's why their comfortable, bulk-free belts, slimline wallets, and lightweight wool socks all come with a lifetime warranty and simple returns and exchanges. So check them out

at Grip6.com today and get up to 20% off with the promo code Ramsey. Welcome back to The Ramsey Show. I am Rachel Cruz hosting with Ramsey personality and bestselling author Ken Coleman, the best in the business when it comes to helping people in their career. And you just have so many great tools too, Ken, that help people really get on this path of understanding what they're good at and what they need to be doing. Yeah, we've got a great assessment that's only $10 for just a few more days. It's been a $10 sale on this assessment called the Get Clear Assessment. Here's the quick version of what it does.

It allows you to get self-awareness in three key areas. What you're good at, that's your talent. The work you really love to do, that's passion. And then the results that motivate you, that's mission. And so when you can get clear on all three of those unique elements of who you are, and we put it together in a purpose statement that allows you to see at a high level, hey, this is purposeful work. This is meaningful work. In other words, I was created to do this. It allows you to have clarity and confidence. It's about a 20-minute assessment. It's only $10.

It's called the Get Clear Assessment. It's only $10 for a few more days at ramseysolutions.com. So good. It's great. I've known a few people that have taken it just in my own personal life, Ken. Yeah, we actually shared Dave's results yesterday. What? Yeah, spent a whole segment on it and read his purpose statement out and walked through that. That's fun. Yeah, it's a fun tool for a teenager, maybe trying to figure out what they want to do. Maybe that young adult who hasn't quite found that thing, or maybe for your spouse or loved one or friend or whatever.

But yeah, it's a fun awareness tool. For sure. I went through it with your brother-in-law. Yes, Bill. Well, he was in my head too, of one of the people that I know that's saying that. All it does is give you a mirror and lets you see yourself uniquely as the world sees you, as your creator sees you, and it's a fun little tool. So good.

Yep. All right, up next we have Tiara in Cleveland. Hi, Tiara. Welcome to the show. Hi. Thank you both for taking my call today. Absolutely. How can we help?

So I just bought out my lease, which I know is a big no-no now, but I'm not quite sure what to do with it from this point on. My car as a whole, I can sell it for about $25,000 and I owe $14,000 on it. So I was thinking of doing that and just using what I get back from that to just buy a used car in full or if I should apply that to credit cards or something. I'm really not sure. No, it's a great question. A great question. Well, I'm thankful. Yeah, you'll be able to get about $9,000 for it, which is great. So what other debt do you have? You mentioned credit cards. How much do you have in credit card debt?

Yeah, I have about $13,000 in credit cards. Okay. $31,000 in student loans. Okay. And then the car is $14,000 remaining there. Okay, perfect. Any other debt or is that it? That's there. Okay, perfect. Any other debt or is that it? That's it. Okay, that's great. And the credit cards, are there multiple cards that equal that

$13,000 or is it one where? It's three, but majority of it is all one. Okay, perfect. Okay, that's great. So, yeah, Tiara, I mean, I answer these questions a lot of if I just woke up in your shoes, what would I do? And I would definitely sell the car. How much, sorry, how much do you make a year to just throw those numbers in? $52,000. Okay. So if I were you, I would sell this car.

I would get a $3,000, $4,000 car, not a great car, but I would pay cash for what we call a beater, just a car to get you to and from where you need to go. And then take the remainder of that. So another 5,000 of that that you'll get from the car and start throwing it at these credit cards and start working your way out. So tell me, like, when you called the show, and so I know you're kind of at this point of change, what has happened recently for you to be like, wow, because you could just keep this $14,000 car loan and keep going,

but you're the one that even said, I could sell it. What's caused some of your shift when it comes to the way you handle your money? I'm just tired of paying payments. Amen. I don't want all of my hard earned money to just keep going towards debt payments. I just don't think it's worth it anymore. So good. And Tiara, I'm excited to hear you say that because for a lot of people, that's when change occurs. You know, we always say it's the aha moment, this moment that you just look up and you think, all the money that I've been working for is going to a bank.

I don't get to keep it. It is leaving me. And never again, never again do I want to do that. And so when you kind of have that visceral response, it's amazing how much change can occur. And so I think you're at a beautiful spot in your story, Tierra. Like you are in a point where you could say from this day forward, I'm doing something different with my money. And honestly, for you, I would say, man, I would pick up an extra job. I would cut as much of your expenses

as possible. I would work like a maniac and I would knock out this credit card. I would knock out this student loan and it may take you, you know, 18, 24 months up to three years. So there's going to be a season of sacrifice in your future, but oh, it will be, it will be so worth it. When I talk to you in 2027, you're going to be at a completely, completely different spot financially. And you're finally going to say, wow, I'm free. I'm free. And it's an amazing thing. And Tiara, this is why we want you to sell the car. This is going to give you a huge jumpstart. When you start looking at all of the debt that you have and you can wipe away $14,000 in one transaction, that's going to give you a ton of momentum,

and all of a sudden you can begin to see the top of the mountain. You know you can get there. Am I right? Yeah, I agree. I know. It doesn't sound fun, right? But if you want to get through this, you've got to jumpstart the process, okay? And you'll get a better car down the line.

But working extra hard, doing everything you can. I mean, gazelle intensity is what we talk about. That is, you are running for your life, your future life, and you are sprinting, and you can do this. I promise you, you can do this. Absolutely. And Tiara, I would even take those three credit cards. I know you said that there were two smaller ones and most of them was on one. Then write those out. Write out that you have four debts that you're like, okay, here's the two small credit cards from smallest to largest and writing out all your debt because knocking out, you could knock out maybe two of these credit cards with that extra money you have from selling the car.

And it's like, they're gone. Cut them up. They're done. They are done. And that's going to feel so good. It's the small momentum, these wins that actually give you hope in the situation that you can know, I can do this. And let me tell you, this show gives us the opportunity every day to talk to people. And we've heard every number you can imagine from debt level to income,

everything. And the one consistent attribute that people have that stand on the debt-free stage and scream out that they are debt-free, that they have no more payments, is that they believe that they can. And they said, I'm going to take charge. And the decisions I have to make day to day, I'm going to make those decisions on what's best for my future and not give in to instant gratification. And in the moment, what feels good, but I have a big why. I have a big journey ahead of me. And they know that they can do it. Not that that makes it easy. It's going to be hard. It's going to be exhausting. It's going to be exhausting. But the belief of seeing it knocking out those smaller debts, there's something powerful about it. So hold on the line, Tiara, because Austin's going to pick up. And I want to give you Financial

Peace University and EveryDollar for a year. EveryDollar is going to help you budget. It's going to help you stay on track. It's going to show you where I can cut stuff. It's going to keep you in line for your food, your rent, everything, utilities, everything. And it's going to be a great tool. And then go through the nine week or the nine lessons in Financial Peace University because that's going to give you a strong foundation to understand some of this even more and what to do next. So thank you so much for the call. I love hearing those moments though, Ken. Yeah. And that's like a perfect example. And I hope to hear you're still listening because man, we hear those calls and people say, I'm done. I'm done. That's right. And then they get to make a decision of what I'm going to do something

crazy. I'm going to sell my car. I'm going to sell my car. I'm glad you brought it up because you can hear the weariness in her voice. You asked her why. What was the impetus of the call? And she goes, I'm tired. You can hear she's tired. But now she's got to go from tired to ticked off. Like that's the progression.

I'm weary. And then I'm going to get mad about this. Wait a second. I don't have to live this way. I don't want to live this way. I'm going to do something. So, Tiara, hang in there, but get mad. Get mad. Get ticked off at this

debt. Make it personal. You're going to knock it out before you know it. You'll look back one day and you'll say, it was worth every sacrifice. It was worth every extra job. It was worth driving around a piece of crap. The whole nine yards. It's always worth it. Trust me. Let's pray. Our scripture today comes from Philippians. Brothers, I do not consider that I have made it my own.

But one thing I do for getting what lies behind and straining forward to what lies ahead, I press toward the goal for the prize of the upward call of God and Jesus Christ. I am not interested in the past except as the road of the upward call of God and Jesus Christ. I am not interested in the past except as the road to the future. Versace. Yeah. Thank you, Austin, for pulling a Versace quote. Did you give him the Versace nudge?

Like, hey, I'd like to have a Versace quote every once in a while? No, he's given me like Ralph Lauren or Lauren, however you choose to pronounce it, Ken. I know you have opinions on that. We had a conversation about that one. He gives me- You like Versace?

Have you seen Versace's house in Miami? You ever been to South Beach? No. Oh, I've been to it. I've been to South Beach. You've been to his house? Well, yeah, right there on the front. I didn't go inside and have a beverage, but I've been to the front door.

It's right there on South Beach, by the way. That's very fun. Yeah, it's beautiful beautiful as you might imagine i could only i can only imagine you should as some would say yeah all right up next we have sue in milwaukee hey sue welcome to the show hi rachel and ken thank you so much for taking my call. Absolutely. How can we help? Okay. Okay. So I'm basically a fairly new listener and I'd like some guidance for help to settle an argument that I'm having with my husband. And what the argument is, is do we pay off the house or do we not pay off the house to keep money around for this inflation and recession that's our way all right now before we get any further we got to know whose argument is oh should we know yes we absolutely got to know because sue's on the line so what is your what is your argument

what is your husband's argument okay so my thought is from listening to you guys we should pay off the house okay okay and he feels that we shouldn't because we don't know what's going to happen with this inflation and uh recession into the next year got it all right so okay give us some numbers so how much is left on the mortgage? Okay. So you'll be real surprised. It's just, and I just got my statement today. So it's $16,897. Okay. And how much do you guys have in savings? $50,000. $50,000. Okay.

And what is your income? Well, mine right now is zero, basically. I have a Beamer business, and I only make about, I don't know, let's say $5,000 a year. And he's been doing Uber, and he makes about $20,000. Okay. So y'all don't have a full-time job? So you're living on twenty five thousand dollars a year sue yeah but you see the thing that is is um he's like semi-retired

okay okay and i lost my job and i had gotten a um a buyout i call it, and that's what we're living at. That's what I have left from the buyout. Is the $50,000 all you guys have and you're living off that $50,000? We're living off the $50,000, but no, it is not all that we have. Okay. What other savings or retirement do you guys have? 1.3. Oh, amazing, Sue.

Okay. So you're okay, Macon. Wow, I'm stunned. You have 1.3 million in retirement. Yes. And when you said your husband was semi-retired, what does that mean? Does that mean he's drawing some retirement? No, okay.

Okay, so what it means is he retired like three years ago, I think it is now. Okay. And to just kind of keep busy and doing something, he does Uber. Okay. No, no, I get that. But is he drawing some retirement or pension or something from his work? No pension, just Social Security. security okay so he is got so he's got social security so you're living off of the social security as well correct correct okay how old are you guys he's 67 and i'm 64 and the thing that is is that i i is that we've been using that money, okay, to supplement, of course, our income,

because I don't want to start drawing on my Social Security until I'm full retirement age, which won't be until I'm 66 and 8 months. Okay. All right. You guys need to pay the house off. You got $1.3 million, and you haven't even started touching your Social Security, and he's at least helping. Well, wait, not for me.

I know. But we are drawing on him. Yeah, but you called, and you wanted to settle the argument. I wish your husband was on the line. If he's in the other room, tell him to get on the phone because— He's out Ubering. Yeah, listen, you guys need to pay the house off. It's gone.

It's $16,000. You have $50,000 in the bank you still have 34 left after you pay the house off right so you don't think it would be because his whole thing is if we will dwindle that down is that going to be enough to last us till i reach full retirement age so that if I start drawing now from our pensions or from our retirement fund, then we have to pay taxes on that money. Yes, it's enough, but let's just get real in the numbers, okay? Here we go. What is his Social Security payment? What's he drawing out of Social Security every month? How much?

Just two grand. Two grand. What are your household expenses? Including your mortgage, which is really low. What are your household expenses? Our mortgage payment is only $397 a month. Right, but what is your household expenses? Everything included, groceries, utilities, everything, gas, everything.

I don't know. I would say probably about 2000 okay that's just on his social security all right so he's also driving uber and right and you could work yes another year sue you could go do something there's all kinds of opportunities for you well that's why you know it's like i'm doing my beamer business but no that's hard no no no no you are you don't need to be doing anything hard right now if you want to do that as a hobby great and it makes a little extra money fantastic but you two are still healthy enough to be working and he's already driving uber so he's making money above and beyond so we're going to give you guys Financial Peace University, and I want you guys to get on a budget, all those things.

But here's the point. You guys are going to make life even easier, even more inflation-proof by paying off the house. But you don't have a mortgage. You guys have no payments. That's $300 a month back in your account. And there's no risk, right? If the whole world goes up, you guys got 1.3, a paid-for house.

You got nothing. You guys are in incredible shape. And well done, Sue. You guys have worked hard. I should just tell him we're just going to pay it off this month because the interest rate keeps going up due to the Treasury, whatever. You guys have over a million dollars. Y'all are great, Sue.

You are inflation-proof. You think so? a million dollars. You are inflation proof. You think so? I know so. Okay, because he's just totally against it. Tell him to turn off the TV. Turn off the news. Tell him to watch this on YouTube. Seriously, you guys

have another year, right? And then you guys can start drawing from retirement and start living your retirement dreams. You guys have another year, right? And then you guys can start drawing from retirement and start living your retirement dreams. You guys got this. It'll probably be like two years. Okay, but listen, listen, listen, listen. When you pay off the house today, all right, or tomorrow, you have $300 now back in your account to take care of inflation. That's what he wants to know.

I would speak to him that way. I pay off the house. We have no worries at all. And the extra $300 a month takes care of any inflation. You guys live very frugally anyway, don't you? So you're everyday millionaires. You're doing incredible. You're everyday millionaires. It's fantastic.

Baby steps millionaires. Right there. Sue right there. Sue right there. Man. When she said 1.3 right there. Sue right there. Man, well done, Sue. How about that? When she said 1.3, I fell out of my chair. I was thinking 50,000, that's all you got, and 16, maybe I would hold off a little bit and bulk up that emergency fund. I was thinking through, like, pay the expenses if you're only making 25,000 a year and all

this. And then she throws out the 1.3 number. What do you got in retirement? Oh, 1.3. Just real nonchal out the 1.3 number. What do you got in retirement? Oh, 1.3. Just real nonchalant. 1.3? Man. This is fantastic.

So great. Oh. How about that? That's hard work over a long time, Sue. Poor guys out there driving Uber right now. Really proud of you guys. Should have patched into the car and told him, hey, pal, you're in great shape.

Doing great. Go play some shuffleboard tomorrow. Go enjoy your life. Ken, great show. Everyone in the booth. Austin, Will. All of them. Just all those guys.

Zach, Andrew, everyone back there. All of them back there. Thank you, America, for listening. It's always a pleasure to be part of your lives. So thanks so much for calling, chatting with us. Hope you have a great weekend. This is The Ramsey Show. Hey, it's Rachel Cruz, co-host on The Ramsey Show. If you want to do your debt-free scream live on the show, visit ramsaysolutions.com

slash debt-free scream. We'd love for you to come to Nashville and tell Dave your story. That's ramsaysolutions.com slash debt-free screen.