The Ramsey Show - App - My Husband Was Laid Off Due to Coronavirus (Hour 3)

Episode Date: March 24, 2020

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave 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. I'm Dave Ramsey, your host, Anthony O'Neill. Ramsey Personality joins me this hour to answer your questions about life and money. Open phones at 888-825-5225. That's 888-825-5225. Roxanne is in New York.

Roxanne, your question for Anthony and me. Thank you. Hi, Dave and Anthony. Thanks for taking my call. How are you doing? Better than we deserve. How can we help? Great.

So my husband and I are in our mid-30s. We just had our first child. She's five months old. God willing, our plan is to have one more child in the next couple of years. And I want to see if we are in a good financial spot for me to stay at home and be a full-time mom until the kids are about three or five and can go to full-time kindergarten. Well, congratulations. Thank you. Thanks so much. So our joint income right now is $167,000 yearly. If I stopped working, it would be about seventy eight thousand. Okay.

We have eighty thousand in savings. Our mortgage is eighteen hundred a month, and that includes our taxes. We owe about two hundred and ten thousand on the house. Okay. And our only debt is a car, which I owe I owe 16,000 on and the payment is 416. So Roxanne, let me, let me, let me make sure I hear this correctly. You have $80,000 in savings and savings and you're still on baby step number two, it sounds like, which is getting out of debt with a car with about $18,000 left on it. Yeah. yeah yeah i knew you're going to say pay that off right i'm just asking the question right now but you know where i'm going

but uh finish updating me and dave uh on your circumstances right now sure so you're in his income is 78 000 correct can you live on that if you come home i can't we can we did all of our hello we lost it uh-oh dropped the call okay if you can live on his income then yeah uh you're ready to talk about this you you need to make all the adjustments to your household though yeah because uh you don't want to use the fact you got $80,000 in savings and then burn through that. Even if it took 10 years to burn through it, I don't want to burn through it. You need to be able to live on his income when you come home, and that's a substantial drop there.

That household income is dropping more than in half. It is, and then Dave also, too, she still owes about $18,000 on her car. Dumped the car. So dumped the car. So now you're looking at $62,000 in savings. I'm not trading a car for a kid. No. You want to be home with a kid?

I'm not going to let the car put pressure on me to go to work. There you go. I'm going to work to pay for the van payments so that I can haul the kid to daycare. No, no, no. No, that's not. Not if that's what you want to do. If you want to be at home, I'd want to be at home more than I want the van. Absolutely.

So dump the stupid $18,000 car. If you're cutting your household income in half, let's put some insurance around these numbers, some wiggle room in these numbers. And they have to get a little bit more detail with their budget too now, Dave. If they weren't before, you've got to dial it in. But it sounds like they were already kind of practicing living on his income, which is a really good way to stress test this theory. Chad is with us in Mississippi.

Chad, your question for Anthony and me. Yes, sir. I got recently married, been married for about 10 months now. Congrats. And we combined, thank you, combined income, combined debt, but I took about an $8,000 pay cut when I moved to move in with my wife. And now a combined debt,

which we were handling fine before we got married. I'm sorry, why did you take an $8,000 pay cut to move in with your wife? That doesn't make any sense. Because she didn't want to leave the area she lived in because she was on family land and her house was paid for. And you lost a $120,000 job? No, sir, no.

I went from about $40,000 down to about $32,000. Oh, $8,000 a year? Yes. Oh, God. You were scaring me, Dave. I was like, wait a minute. Did I hear something wrong? Oh, I feel better already.

Okay. So you were making $40,000. Now you make $32,000. And I'm sorry. Now that my brain's working again, I caught back up with you. And you're living on her paid-for land and her family and all that stuff. And then what happened after that? Yeah.

Right now, I just start combining debt. her family and all that stuff and then what happened after that yeah um right now i just start combining debt it's just don't feel like we're drowning in debt how much debt have you got you were okay um probably about 40 000 on what um two vehicles and some medical bills. How much do you owe on the vehicles? About $30 on my truck. Sell it. You can't afford that truck. Sell it.

You make $40,000 a year. You don't need a $30,000 truck. He makes $32,000 a year. He lost $8,000. year. You don't need a $30,000 truck. He makes $32,000 a year. He lost $8,000. Yeah, that's right. I'm still recovering from that. You have a truck that you owe as much on as you make in a year. That's insanity, man. Truck's gone.

The only problem with selling it is this is both of our second marriage. And with the divorce papers and the way we have to meet parents, we have to have two vehicles. You don't have to have a $30,000 truck. No, I just don't see, I can't sell it until I have another vehicle. Listen, as long as you're going to remain in the land of stupid, man, I can't help you. This is absolutely asinine. You cannot own a $30,000 truck with a $ thirty two thousand dollar income this is why you have a problem yep i mean and you you cannot figure out a way to pick

up some kids with a five thousand dollar car of course you can pick up some kids with a five thousand dollar car you guys are broke man because of this dumb butt decision to buy this truck now you can do whatever you want to do you called over here asking us what to do it's instantaneous for anyone that can do math to look at your situation and say, this is stupid. You cannot stay in that situation, man. It's just you're killing yourself, brother. I understand. I like cars and trucks.

I got a nice Raptor sitting out here in the driveway right now. I'll be getting it to go home. But it's paid for, and it's not starving my family to death. Yes. In the midst of it. Cars will kill us guys, man, won't it? It is, it is. It is.

Dave, the average pain is... You and me both. I mean, you got a car thing, too, like I do. I do. You're just like him. I mean, I'm like him. I am. But I'm just not going to make decisions to kill my family.

Come on, Dave. I mean, hey, it took me five years to get the car that I just purchased because I wanted to do it right. And I wanted to own it and not be living paycheck to paycheck. You know? So, Chad, I agree with Dave, man. You got to sell that car. do it right and i wanted to own it and not be living paycheck to paycheck you know so um chad i agree with dave man you you got to sell that car stop making excuses if right now it's time for you to be sick and tired of being sick and tired and right now owing thirty thousand dollars in cars when you only make thirty two thousand dollars a year brother to brother man that's

that's a stupid and unwise decision then i want to even have the conversation chat on why did you leave something that was free free rent just because you didn't like living there no no he is in free rent he's living on paid for property that was hers no they left they left that because she didn't like that she didn't like that i blew this i blew all that information in the sky high but i did not blow the thirty thousand dollars no sir you did not okay no sir by lord wow this is the dave ramsey show folks i love telling you about well-made well-thought-out products today i'm talking about grip six belts i don't know about you but I'm not a fan of traditional belts. They never fit right, and they're uncomfortable.

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Grip 6 is determined to help build and modernize American manufacturing. To learn more and get this month's Dave Ramsey special, visit GRIP6.com. That's GRIP6.com. Thanks for joining us, America. We're so glad you're here. Big news around here. A lot of stuff happening where we are positioning ourselves to help you in this unique moment in time. We want everyone to have a game plan, a sense of power, a sense of calmness that's based on facts, not Pollyanna,

not just positive thinking or some kind of a blind faith, but faith in, if I plant corn, corn will grow. If I install maybe some new behaviors or maybe reinstall some old behaviors that were really good

into my life some things can change and maybe this particular time is a wake-up call for some folks maybe it's a confirmation for other folks that they were already on the right track this coming thursday evening at 7 p.m central time i will be doing a nationwide video message of hope for you your friends and people that aren't even your friends it's scary out there and we're doing this because hope is greater than fear our ramsey personality johnoney, says that when you're in a crisis, facts are your friends. It keeps you from panicking because panicking always leads me to stupid decisions. It always leads me the wrong way. It's a live video event on our webpage.

Rachel Cruz, Ken Coleman on careers, me and Rachel on money. We're going to talk you through for about 30 or 45 minutes a live message of hope. And some of you have been saying this is what you need right now instead of watching the cable news, which is driving you into fear every day. So we're going to put that out for you. How do you participate? If you want to be in the reserve section where we send you a reminder and all of that, we'll get you the links and all that later.

Just text the word HOPE to 33789. Text the word HOPE to 33789, and we'll obviously send you the links. You can pass on the links to your friends and so forth. We'll try to get all of that up in the next day or so. We've done all this on the fly this week and just suddenly put it together and said how can we do this quick how can we help people the other thing we've done is we put DaveRamsey.com slash hope is a page of special deals for those of you that are at home my whole team's working from home with the exception of a few skeleton crew coming in a few hours a day to

do this radio show with us our thousand people are at home they're at home with their kids they're at home with their spouses they're trying to get work done they're trying to adjust to a new routine for the next two weeks here and um and so while you're at home you need to plug into some stuff so we are doing something we've never done in 30 years in this business financial peace university has a free 14-day trial a free trial for 14 days the online and that means you can register become a member of financial peace watch all the videos binge watch them during the 14 days with your spouse. You can watch Smart Money, Smart Kids if you've got kids on how to raise them

and teach them how to handle money. You can watch the Legacy Journey, which is the follow-up course. You can join every dollar and get on the budget, get it all going. You can either firm up some of the stuff you already knew, but get in there and use this material. It's completely free for you right now. It's Anthony, me, Rachel, Hogan, all teaching in Financial Peace University, all the nine lessons, and these nine lessons are stellar.

They're the best they've ever been. We've reshot a bunch of them in the last 18 months, and it's absolutely the time to do this. Also, at DaveRamsey.com, there's a lot of other bargains and free stuff as well be sure to check out all the stuff we've got on like the total money or the total money makeover audiobook $1.99 for those of you struggling with losing a job Ken Coleman's proximity principle audiobook $1.99 you can't beat these deals the high school curriculum for homeschooling and by the way a bunch of you are sudden homeschoolers so it's normally over a hundred bucks we put on

there for $19.99 so you can go on this site get your free trial to financial peace university get all this other stuff for just a handful of dollars you know 20 30 bucks you can load up on stuff to um you know not only take care of you and your family and get the crown jewel of Financial Peace University, free 14-day trial, you can get all the other stuff too. Listen, we're doing all this for you. Yeah. You can look at the prices and see we're not making money.

Yeah. This is like it's a unique time, and we know if we help you win that it turns out good for us. Yes. We know how this works, and so one of our core values is if you help enough people, you don't have to worry about money. That's it, Dave, and I want to encourage you all listening right now. You're going to spend $20 maybe renting a movie or doing something like that. Spend this money over here to grow and to get the education. Right now, I'm reading books.

I'm buying books. I'm learning during this time because when we get out of this, I want to come out wiser and smarter. You have the opportunity, especially those of you all who are struggling. I've personally read King Coleman's book and it has personally helped me out. Please, please take advantage of this

time right now. Marlis is with us in Minnesota. Hi, Marlis. How are you? Good marlis how are you good how can we help okay so um my question is that basically my whole family was your phone is your phone is going funky can you speak directly into it can you hear me hear me now a little better yeah let's try it okay okay so my question is my husband and i were basically drowning in debt and we don't know what to do our goals are we want to be debt free builder credit because our credit right now is 530 we want to build a home and we don't really want to buy a home because we don't want to be paying for the next 15, 30 years.

Our income is 50, well, his income is $58,000 a year before taxes, and he also gets $20,000 via disability. Our rent is $1,635 a month. In savings right now, we have $91. In collection... Wait a minute, Marce, what are you calling about what's your question um we just want to figure out our finances we're we're in debt to our eyeballs we owe five thousand uh odd dollars in collection we owe okay it says on my screen your husband was laid off yes he was laid off uh recently that's a key piece of information okay yes now he's getting just got his first unemployment how long how long has he been laid off

uh today it's been a whole week and he's's got an unemployment rate of $5.50 a week. What was he doing? Aviation. He works on airplanes, and he used to make like $900 a week, and we just got rid of a finger bill a long time, and now it's going to go sparingly back down with past due payments and stuff like that. Are you working? No, I'm not working working i actually have a job

i have a job but it's at the airport they're not right now i can't do anything because it's you know are they paying you still though um i haven't literally started training i just got you know yeah and i mean we uh for student loans that we both owe. Okay, honey, let's stop a second. Let's stop a second. All the bills and all the debt don't matter. You don't have an income right now. Right.

Okay, we have to work on your income first just to get food on the table first, lights and water second, food, shelter, clothing, transportation, and utilities. So the first thing he needs to do is look at all of these people, jump on Anthony's Instagram or mine, either one. There's a list posted on those feeds. There's a list of companies that are hiring, and he needs to go sign up at Amazon, sign up at Uber Eats, sign up for somebody, and get to doing something because $300 isn't going to cut it, even with the $20,000 coming in from the disability.

So the first thing you do is just take any job you can get anywhere as fast as you possibly can and get an income coming in. And that keeps you from getting further behind or, as you said, spiraling backwards because that's a hopeless situation. And so if we can just keep food coming and keep lights and water coming with the disability and with some side gigs, some side hustles right now until he can get back to work, he'll probably get back to work. Easy.

The airline industry will start moving again. The aircraft will start flying again. And it won't be that long. But if you can do that in the interim, that'll get you going. And do go to DaveRamsey.com slash hope and get that 14 day free trial and you guys start watching financial peace but it's going to be all about getting some income coming into your house right now and just take care of the most important stuff the rest of that stuff can sit for any company's success but the primary

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they'll remake your window blinds for free. You get free samples, free shipping, and with the new promos they run every month, you'll save even more. Promo code is Ramsey. Our question of the day, Anthony, is from Jen in Illinois. My husband and I bought a house last June while being Ramsey-ish. Since then, we've been attacking Baby Step 2 with gazelle-like intensity. The house is in great condition, but the detached garage is full of black mold and the roof's

crumbling. We agreed that when we bought the house, we would wait until we paid off our debt to build our emergency fund and then take care of the garage. Now my husband says we need a demo at ASAP because it is a health and safety hazard. Should we stop baby step two until we have the money saved to demo or add more money to our sinking fund and demo when we reach the goal? Well, I mean, David, if it's a health a true health and and jeopardizing your health uh then yeah we want to fix it but if it's not i'm waiting on baby step number two it's a detached garage yeah you need to demo it what's that mean you buy a ten dollar sledgehammer

i mean that's what i would do yeah i mean hook mean, hook a log chain around it and pull it over. Pull it over. And pile the stuff into a dumpster, you know, so you've got a $100 or $200 dumpster charge. Yeah. But this idea that you spend $10,000 doing away with a moldy garage on the side of your house that you don't even go in. Yeah.

Not even using. Today, while you're – look, you've got to decide. At some point, point you got to quit making it finding ways to not do the stuff y'all found a way to buy a house ish and now you've got you know these i gotta tell you man you're talking to a guy that when we were getting out of debt the water ran through a roof leak down the light fixture over the top of my kitchen table and water and light fixtures are not good and i had a little pan there catching it that weekend i went up and spread some of that tar stuff from the uh for 20 from the uh home depot or whatever and it my roof looked

like awful for six months while i finished getting out of debt and saved up the money to do a roof. But everybody says, oh, no, my roof is leaking. It's coming into my kitchen, and I've got to stop everything and go fix the roof right then and spend $6,000 on a roof. We didn't. We spent $6,000 on a roof when we had $6,000, and we were out of debt. I did the same thing when a stupid air conditioner went out. We bought some window fans and made it through to a winner

and fixed the air conditioner later when we had the money to fix it because we were broke and we got tired of being broke all the time because we found excuses to buy crap and do things. Now, I don't know. I think the key word here is detached garage. So I'm not sure how it's a health and safety risk if it's standing there on the side of your house unless you go in it. I think you need to just knock it over and get you a sledgehammer and get you a dumpster and haul it off or shut up about it and quit finding reasons to not do this.

I mean, it's just one of the two. But the point is you got to really at some point look at yourself and go i gotta stop i gotta stop doing this all the time yeah just always finding some reason to not be smart yes sir you know dave i wanted to move out of the house when i was getting out of debt you know and i said you know what i'm gonna sit still i was 19 years old racked up all that debt and and I said, no, I'm going to stay here. I'm going to stop going out. I'm going to stop doing this.

I was driving a car that couldn't even go in reverse. And I said, I'm not even going to buy another car. I'm going to get it. Not even fix the transmission. Not even fix it. You just got to park it correctly. I got to park it, or I got to just put my left foot out and push it back in neutral. And I did that a lot of times.

But what I hear you saying, Dave, is so true. You have to be determined, and you have to be sick and tired of being sick and tired. it back in neutral and i did that a lot of times but what i hear you saying dave is so true you have to be determined and you have to be sick and tired of being sick and tired and when you get to that perspective when you get to that point dave that's when life starts changing because look where you are now and then look where i am now all the sacrifices in the past on both sides you haven't used your left foot to push your car in years. And I never will again. I never will again. Tracy's in Maryland. Tracy, your question for Anthony and me.

Thank you for taking my call. You just said fear has to be defeated. So if I give you my facts, I hope you defeat my new qualms about retiring this July instead of confirming my worries about retiring, especially with the current market upheaval that's going on with the stock market. So how much do you have in your nest egg, kiddo? We have $2.5 million in the bank. What's the problem?

It's mostly in IRAs, 401Ks, and 403Bs. What's the problem? I'm worried. I'ms, and 403Bs. What's the problem? I'm worried. I'm sorry, and you're worried about what? You're a rock star. You're incredible. Tracy.

So when you retire, what do you think is going to happen? Tracy? I'm just worried about retiring. Why? My husband, well, I'm getting a pension, too, if I retire. And I don't plan on withdrawing from the retirement. Okay, so what do you make now? About $95,000.

Okay, and how much will your pension be? About $40,000. Okay. But my husband, he's 62. He absolutely loves his job. He's planning on working another five to ten years. Okay. His job is secure.

What does he make? About $150,000. Okay. And then plus your $50,000 pension, right? Mm-hmm. Yep. And you guys can live on $200,000 and not even touch your $2.5 million. It's scary to give up my job.

I'm sorry. Wait a minute. It's scary to live on $200,000? No, it's not. Okay. You know what? With all the people that are having these problems, I am really fortunate that I have this problem. Okay, wait a minute.

I realize that. I'm not making fun of you. I'm just, it's so wonderful that you, we were just so thrilled for you that you have this wonderful, wonderful situation. And so, yeah, we can help you with your fears here. So if you can live on $200,000 a year that is almost guaranteed right now, and you have two and a half million sitting in mutual funds, what is the problem? What's the fear? What are you scared of? Truthfully, it's my husband. He is more conservative than I am. The three things, we've been talking about it this past week

because I want to give three months' notice for July 1st, so it's right around the corner, but he's nervous about the coronavirus, the national election coming up in November. I'm not. Why in the world are you thinking that either one of those things are going to make you think or him think you can't live on $200,000 a year? Neither one of those things will keep you guys from living on $200,000 a year.

Okay. And will it? No. I can't imagine a scenario. Okay. And will it? No. I can't imagine a scenario. Okay. And you have $2.5 million sitting there that you're not even touching in this scenario. No. And I, yeah.

Yeah, and let's pretend the $2.5 million made zero income, and you began to draw it off and you drew off a hundred thousand dollars that's 25 years that you could draw a hundred thousand dollars off if the two and a half million absolutely did not grow a penny 25 years before you were out of money, and that would give you a $300,000 income. Okay? So you're not even close to having a problem. No. You have done such a wonderful job.

Yeah, no, you don't have anything to worry about. Not at all. I'm just so proud of you. Very well done. Congratulations. Congratulations. Please, please get some peace in just the facts that are in front of you. You have $200,000 virtually guaranteed after you retire.

Yeah. And you've got $2.5 million that, by the way, legitimately is going to generate, you know, $200,000 to $300,000 a year in income, additionally. But you don't even need to touch that. Just let it grow. And you'll wake up, and by the time he gets ready to retire, and that'll be $5 million. Dave, this is the second call where we've had people with more than a million dollars in growth stock mutual funds. I hope America is hearing this. Yeah, and they're fine.

They are fine. Because they've done such a good job. I'm getting excited. It turns an emergency into an inconvenience. I can't wait to get over there. Be careful. Be careful. Just be real careful.

Hey, man. This is the Dave Ramsey Show. Thank you. our scripture of the day first john 318 little children let us not love in word or talk but in deed and in truth stephen covey said what you do has a far greater impact than what you say. And by the way, while you're out there doing nice things, you can also say nice things. Some of you are afraid and in your fear, you are being unkind. You are being jerks to your own family. You ought to be ashamed of yourself. You're being jerks to people at the gas station and the Walgreens. Calm down.

You need to be kind. People are afraid. People are, some of them, irrationally afraid. Some of them are in a full-on panic and hysteria. And you need to be calm and kind. And let's start a revolution of that right now, guys. I mean, breathe in, breathe out. I mean, just, it's okay.

You're going to be okay. And at the end of the coming 12 months, some of us will be dead of a car wreck. Some of us will be dead of the flu. Some of us will be dead from coronavirus. Some of us will be dead because we choked on our steak tonight. I mean, life happens, folks. Calm down. It's part of the rhythm, guys.

I mean, it is what it is. This is not, as Meg said in the first hour, Dr. Meg Meeker, medical professional. This is not the Ebola plague. It is not fatal to most people and i'm not recommending getting it i'm not recommending being irresponsible with it i'm not saying any of those things but some of you folks have completely lost your minds and you're being really nasty to other people and you need to stop it and it's all because you're weak and you're afraid. Breathe. It's okay.

You don't need to be that afraid. And even if you are, be self-disciplined enough to control your tongue in this process. Man, I got to tell you, some of the stuff that has been said and done and aimed at us in the past 10 days is absolutely ridiculous, y'all. It's ridiculous. We actually had a lady email that said, you and I are sitting too close together right now. Kiss my butt, lady. Seriously. You need to mind your own business, okay?

You need to mind your own business. Anthony is not unhealthy. I am not unhealthy. Neither of us are at risk. You need to calm down. Yeah. Anthony is not unhealthy. I am not unhealthy. Neither of us are at risk. Right. You need to calm down. Yeah. Well, you're setting a bad precedent.

No, we're not. You are. Yeah. You are, keyboard warrior with your avatar. I mean, honestly, come on. Calm down and quit hiding and having digital courage and hiding behind that and being so hateful to people on social media and hateful to each other in person and hateful to your own family.

I'm ashamed of some of you. Stop it. It's ridiculous. You can be kind. And, you know, you need to be grown up. And part of being kind is minding your own business. It is. It's not your personal responsibility to fix what you see everyone else doing that you don't like.

You don't get to do that. You don't get to do that. And, you know, I don't get to fix you. I'm not going to call you up at your house and tell you what you are doing wrong. And you don't get to call me up at my house and tell you what you are doing wrong and you don't get to call me up at my house and tell me what i'm doing wrong if you ask my opinion i will give you my opinion but calm down be kind you know david and one of the things when it says calm down and just be kind one thing that i'm even doing personally is i'm taking this time to call some family members

and just love on them encourage some family members who I haven't talked to in a long time, you know, long distance cousins and and uncles that I don't talk to on a regular basis because I want to spread hope. I want to spread love. And so that's just one thing I've been doing every single day. So refreshing, you know, just calling two cousins I haven't talked to in probably I got an email at the break from a friend I hadn't heard from in years asking if I was okay. That's it? I mean, it didn't take him 10 seconds to send that. I'm going to take that as my inspiration.

There you go. I mean, wow. And be generous. Yes. These folks working in restaurants handing stuff out a window to you, you better be handing some green president's faces back in that window. That's good, Dave. I mean, be generous.

That's good. They're working. A lot of their fellow coworkers I mean, be generous. That's good. They're working. A lot of their fellow co-workers aren't working right now. A lot of them. Waffle House. It laid off. I mean, they're done.

They're just closed up. And some of these restaurants that are small businesses aren't going to reopen. They've lost them. Yeah. And you need to be kind to these people and good to these people and care for the people in your community. And this is just, you know, it's a time to spread hope. Hope is greater than fear. And there is great reason for great hope.

You know, you just have a little bit of perspective on things. And this fever pitch in people's voices is just crazy. So here's the thing. We're going to do a message for hope. Rachel Cruz, Ken Coleman, and I, for America, live on video this Thursday night at 7 p.m. Central Time. We want you to tune in and watch it on our website.

We're going to send you a link and a reminder. Text the word HOPE to get that link. Text the word HOPE get that link. Text the word hope to 33789. 33789. And it should be about 30, 45 minutes long is all. Not a long thing.

And we'll post it when we're done, of course. We always do. But join us live and let your friends know. Because we're going to walk through some of the different situations people are in financially. We're going to walk through some realities and say, are you okay? Here's where you're going to be if you're in this situation. It's not an I told you so. For those of you that haven't done this stuff yet, it's time to do it.

And we have put DaveRamsey.com slash hope up, and there is a ton of our resources on there completely free, including the crown jewel that 6 million people have gone through. Financial Peace University has a free 14-day trial. We have never done this. And you can jump in and get the online Financial Peace University and the whole membership for 14 days free. Meaning if you're trapped at home, if you're in a situation where you're quarantined or you're working from home and you've got a lot of time on your hands

instead of binge-watching something on Netflix, why don't you binge-watch Financial Peace University and get through the whole thing in 14 days. And then you ought to stay in it longer than that and stay in the membership and be plugged into the communities and watch some of the other videos and see some of the other stuff. But the whole thing is available to you free. We've never done this for 14 days.

And we've got all kinds of other free services and free advice and almost free stuff on there. Our high school curriculum home study is usually over $100, but now we've got a whole bunch of people stuck at home with their high schoolers. So right now it's only $19.99, $20. We've got a case of financial or total money makeover books, a case of them, only $8 apiece for you to buy and give away, 24 of them to friends and family and whoever you see out there that's needing some help right now

and push through on these things. And these are real resources that we do all the time here that help. They help a lot, especially the homeschool edition, Dave. You have a lot of young kids at home right now who are still doing some homework but at the same time use this time to capitalize and educate them on money because this is going to turn around. And so when it turns around, why not have the education to get ahead of the game, come out ahead. So I'm excited.

You have the time on your hands, and this stuff is free or virtually free. Yes. Dave Ramsey dot com slash hope. Yes. I mean, you just cannot be. I mean, please. Yes. Take advantage of this stuff.

We're putting it up there just for 14 days right now while everybody's stuck at home all over. And it looks like right now at the end of this 14-day cycle, most of this stuff is going to turn loose. And there's no excuse. Now, listen, I'm going to be real American. I'm not as mean as Dave, but I'm going to be real here. Like, if you can spend four or five hours a day on Netflix, you can spend an hour, two hours a day growing your mind. And with us giving this much free stuff and cheap stuff and affordable stuff for $20 and $30

you can spend the next two weeks and get through all this stuff and get the education. And get your kids through it. Anthony, thanks for hanging out. Dave, thanks for having me. That puts this hour of the Dave Ramsey Show in the books. Our thanks to James Childs, our producer. Zach Bennett, our assistant producer and phone screener filling in for Kelly Daniel. I am Dave Ramsey, your producer. Zach Bennett, our assistant producer and phone screener, filling in for Kelly Daniel.

I am Dave Ramsey, your host. We'll be back with you before you know it. In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey guys, it's George Camel, host of the Dave Ramsey Show video channel. You can now listen to the show on your smart speaker. Just tell your Alexa or Google device to play the Dave Ramsey Show

or find out all the ways you can benefit at DaveRamsey.com slash smart speaker.