The Ramsey Show - App - My In-Laws Have No Financial Plan for Their Future (Hour 3)

Episode Date: April 1, 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. Ken Coleman, Ramsey personality, number one best-selling author of the book Paycheck to Purpose, is my co-host today. Open phones at 888-825-5225. Today we have launched a companion piece to Ken's Get Clear Career Assessment. Almost 100,000 people have taken the assessment and we are launching the pre-sale on a book called Find the Work You're Wired to Do.

Included with the purchase of the book is the assessment, and this book will go on sale pre-sale today. You'll get the audio book and the e-book with it, and you'll get codes for the assessment with each of them. So that's a pretty good deal. It's a great bargain, actually. It's like $200 worth of stuff for buying a book. But the book comes out actually May 7th, and the book goes on sale today, pre-sale. Rachel Cruz also, we're launching the pre-sale on her

new children's book today. It comes out in two weeks on April the 16thth i'm glad for where i am absolutely incredible kids books um this is the second in the series the first one is i'm glad for where i i'm glad for what i have which was about contentment this one's about gratitude about the gratitude of home and so for teaching the kiddos contentment gratitude these are excellent things to teach the kiddos if you teach the little ones that that's the opposite opposite of entitlement and it puts them in a completely different position they're the ones that say thank you and mean it please and mean it manners comes with gratitude automatically and that's why we teach manners at the Ramsey House. It's kind of old school, I know, but hey, you! That's not what we do around our places. Ma'am. Sir. Yes, Papa Dave. Sir. This is how we do it. We honor, respect, gratitude, contentment. These are character qualities of

people who live quality lives, and so we want to teach the kiddos all of these things as we go along. Be sure and check them out. Ken, I'm excited about this new book, Find the Work You're Wired to Do. Yeah, I am too. This is really a coaching manual, very short, simple, and it's going to walk you through your results. Once you know what you do best, what you enjoy doing, and what motivates you, this is going to come alongside and basically go, all right, now I know who I am and why I am that way, and now it's going to help me figure out where I want to go and how I get there, which is all about making more money, more freedom.

There we go. Heather is in Madison, Wisconsin. Hi, Heather. How are you? Oh, my goodness, Dave. I'm great. Thank you so much for taking my call. It's such a hoot to talk to you today.

Well, we're honored to have you. How can we help? So my husband and I, we are on baby step six. We are, earlier this year, we're sitting down and coming up with our budget. We were trying to get an idea about our long-term budget, specifically with his older parents, if they wanted to live with us when they were unable to care for themselves. And they came to visit. We brought this conversation up with them.

And during that conversation, we learned that they have never had or made a budget. They have considerably less in retirement savings than we do about their investment strategies are kind of wonky. They're investing in single stocks instead of ETFs or mutual funds and a lot of other kinds of questionable financial decisions. How old are they? During this, so his parents, they're both right around 70 and both retired.

So how much do they have in savings? How much do they have in retirement? In retirement, they have just under 700 and they do own a home in the L.A. area, and they may be able to get a million for that, but that's not liquid. In terms of liquid savings, I think they had about $30,000, and then they have $700,000 in retirement. Okay. So they have almost a $2 million net worth.

Yes. I don't think that sucks too bad. I think they've done pretty good. They have done good, but we didn't really get an answer about if they wanted to live with us. Well, they don't need to live with you. They've got $2 million. Why would they want to live with you? Well, when they're older and there's no family around, we want to be there to care for them.

And we wanted to plan a few years down the line if we wanted to buy a multi-generational house so they would be comfortable and we could share the home together. They really didn't give us an answer about that. That's not a financial necessity. That's a lifestyle decision. Yeah. And it's twice you said they haven't said anything. I think there's an old song lyric that says, when you said nothing, you said it all or something along those lines. And I think that's them saying nothing is all you need to know. They don't want to live with you. That's what I think.

Yeah, they got $2 million. I think they're okay. I mean, really, they're going to be okay. I think the one thing that we were concerned about is that their largest asset, which is their house, is not fully insured. They don't have earthquake insurance and other problems with the house that we learned about. Nobody in California has earthquake insurance unless they buy it from the state. Insurance companies quit issuing it because California has earthquakes. So everybody in California has that unless they buy it from the state.

It's socialized now, like everything else in California. So my husband and I, then, we should just operate under the assumption that, like you said, if they say nothing, that means they're fine. Yeah, we love you, and we're here to help. If you want some coaching on this stuff, we've probably got some ideas because we've done pretty well with our finances. You guys have done a great job, Mom and Dad. But if you want some coaching, I'm here. I mean, and really, it doesn't need to be you because really, for sure, the daughter-in-law. But it would be a very unusual daughter-in-law that gives the advice.

It's probably her, their son that says, hey, Dad, you know, those single stocks, man, you're taking a lot of risk there. You're 75. You probably ought to quit that. But owning a home in L.A., I mean, it's going to go nowhere but up. So if they live 10 years, that's a $2 million house. Okay. And, you know, they can sell that and move to Madison Freak in Wisconsin and buy whatever they want and hire a full-time butler.

They don't need you. Yeah. We just want to make sure that they're taken care of as they get older and we're trying to lessen their risk um so we just weren't sure that's going to be up to them because they've done well enough to be worth two million dollars and if they want your input and will take it it would be from your husband it would be my suggestion and um unless you just unless you're just known as a financial expert i mean sometimes my in-laws will ask me stuff but i've also been married 43 years

so it's like i'm one of them now so um but the um but by and large the the actual blood would be the only one that can get through and so if your husband took your dad to coffee and said hey i noticed a couple things here you You may not want my input, but here's a couple things I would do if I were you. But no big deal, Dad. And hey, if you ever want to be in Madison and you want to talk about doing something together at some point, we'll talk about that.

Meantime, we're going to go over here and pile up some money to go with your pile of money. Great. And I really would not wring my hands over it, Heather. I think they've done better than you feel like they've done, is what I heard. And I just don't know many old people that want to go to Madison, Wisconsin. Lovely place, but it's cold. Whoa!

It's cold up there. Well, they are in California. That's my point. L.A. to Madison? I don't see it. Two choices. That's why a lot of these people go to Florida. Nothing against Madison.

Florida. There you go. There you got mosquitoes the size of pterodactyls. I'd rather get a mosquito bite than freeze. Forget trash states. Let's just trash them all. There's no trashing. It's just cold.

Everybody in Wisconsin knows how cold it is. No, but that's just because your blood is thin because you're a southerner. That's a fact. Madison, Wisconsin is actually a pretty place. It's just cold for a southern people. Well, I'll bet it's pretty in the spring. That's true. In the spring.

In spring is what happens for three days before summer. Exactly. You're so mean. I'm trying to read between the lines. Yeah. I think they don't want to live with you. I think he's right. This is The Ramsey Show.

Ken Coleman, Ramsey personality, is my co-host today thank you for joining us america we're glad you're here if you got a question about taxes we get it taxes are confusing and yay even maddening to help you get a better handle on them let's unpack a question from one of our listeners are there penalties for filing a tax extension no there is no penalty for filing a tax extension? No. There's no penalty for filing an income tax extension, which gives you six months to submit your tax return. But your extension is for the tax return, not for payment. So if you owe money, you have to pay now, whether you file an extension or not. Now, is there a penalty for not paying your taxes?

Dadgum right. Your taxes are due April 15th whether you file an extension or not. So if you owe $50,000 in taxes and you file an extension to October, the only extension you're getting is the filing, not the taxes. So you pay the $50,000 now and wait until october to do the paperwork that's what we're saying if you there is no extension on oh we're gonna let you wait six months to pay your taxes no you'll get penalized out your freaking ears so don't do that so you request an extension you have to estimate your total taxes owed compare that that to what you paid, and make sure you're paying all taxes due by April 15th, whether you file an extension or not, and then you will avoid any penalties.

You can file your taxes or file an extension with the help of a tax software or with a pro. If you have a simple return for your taxes, we recommend Ramsey Smart Tax software. Very inexpensive, not a bunch of gotchas, not a bunch of stuff where they're going to try to sell you some stupid credit card like TurboTax does, all that crap. A lot of people leaving this. So we've got about 100,000 people filing on the Ramsey Smart Tax now. Pretty incredible. Just using the software. If you've got a simple return, that's fine. And then if you've got a complicated return,

you can go to ramseysolutions.com slash tax and get one of the tax pros, one of the endorsed local providers for taxes, and they can walk you through a complicated return, and they're going to charge you, but it's absolutely worth every penny to have a pro in your corner when you've got something complicated.

But no reason to pay somebody $400 to prepare your taxes when you can do it for $ 30 bucks using tax software so if you've got simple a simple return so that's the thing that's what i do is what obviously mine stupid i mean i've got llc's mine's just because a freaking phone book when i sign it all and so obviously i'm supporting this guy's this guy that does our taxes i he's wonderful, and I've been a friend for years, although the only time I see him is during the time of year that I'm angry. But because he never brings me good news. He never brings me good news.

It's always you owe money. All right, Nick is in Oklahoma City. Hi, Nick. Welcome to The Ramsey Show. Hey, Dave. Thank you for Ramsey Show. Hey, Dave. Thank you for taking my call. Sure. How can we help?

So I'm the main breadwinner for my family, and I'm just trying to get a better grasp of my understanding of my trajectory for the future, and I was just wondering if you could help me out with that. We'll try. So I have about $50,000 cash saved up. My wife stays home with the kids and our kids are still really young. They're one and four. And she plans on staying home with the kids until they're 18.

So I'm just trying to make sure me and her are going to be set up for retirement when we're 60, 70 years old. Okay. How old are you? I'm 35. Okay. What do you make?

I make about $120 a year. Okay. And how much debt do you have? Zero. Your house is paid off too? House is paid off, yes. What's your house worth? I mean, I guess if we sold it today, it's probably worth about $180,000.

Okay. And we'll call it $200,000 for easy, okay? Because we're not selling it, so it doesn't matter. And you make $120,000. And how much do you have in your nest egg so far in retirement? So between me and my wife's 401Ks, we have about $120,000. She's got $61,000 each. Okay. Are you invested in good mutual funds in your 401Ks?

I want to say yes. Okay. It's whatever Fidelity has. Well, Fidelity has some great ones, and it has some dogs too. So good mutual funds that have growth stock mutual funds that have a long track record we always suggest spreading it across four types growth growth and income aggressive growth and international that's what my personal 401k is in okay okay now so here's a rule of thumb if If you earn 10% on your money, okay, your money will double if you don't add anything to it about every seven years.

About every seven years, okay. Okay, so we're dealing with $320,000 in a house in 401k today when you're 42 it should be um what 640 right when you're 49 it'll be a million two million three when you are um 56 it'll be 2.6. If you add nothing to it, right? When you are 60, what? When I say 56, I forgot where I was. I said 49, 56, so seven more would be 62, right? 63.

When you're 63, when you're my age, you'll be worth $5 million. If you add nothing to it stop doing oh wow okay and of course you're going to add to it you're going to continue to invest systematically and grow and your income is going to continue to go up you will probably trade houses up and pay cash for the move up but the house will go up in value it may not make 10 a year but your mutual funds should easily make that okay okay so i could be a little off you might only have four million but you might have eight million but somewhere in there if you don't do squat except leave it alone and invest it well and never move right now if you move up and go get a mortgage and lease three cars you

can screw this up right but you're not going to do that because that's not who you are yes sir so if you will systematically continue to save 15 or 20 percent of your income into your retirement and stay out of debt and continue to be generous and say and fund your kids college funds and you and your wife work a plan together and you're constantly being generous and and sitting down and going over this you don't have to do it every week like you're like you're about to be repoed because you're not you've done an amazing job you're in great shape for 35 years old you killed it way to go now if you'll just continue on somewhat the same trajectory it's easy to estimate that you've got a $5 to $10 million net worth at 65 years old. Wow.

I just really couldn't see that far in the future. I just felt like I was sandbagging. Maybe I wasn't working hard enough. I don't know. I just didn't feel right. But that's good news. Yeah, you're doing a good job. And so what we tell folks when you get to this stage,

you don't have to be intense and, like, freaked out, desperate feeling, like you do when you're getting out of that. But you move from intense to intentional. And so by intentional, I just mean every dollar needs a name. We're going to get mom a little better car this year and pay cash for it. We're going to go on a trip here. We're going to buy a couch here. We're going to fund the a little better car this year and pay cash for it. We're going to go on a trip here. We're going to buy a couch here. We're going to fund the kids' college fund here.

We're going to put money in 401K here. We're going to be generous to our house of worship or wherever it is that we're generous. And so generosity, enjoyment, and investing in a regular set rhythm. Spouse knows everything that's going on. We're doing it together. And you continue to work your career and keep your nose clean, man. You're going to end up very wealthy. You've done a great job.

That's good news. That's good news. So keep following the system that got you here. Hopefully we had something to do with it. I think we did, or you wouldn't have been calling. Yeah. You know, that's a great illustration. I think a lot of people's eyes were opened as you walked him through that, you know, just to understand

compound interest. I mean, we hear it. I think we all heard a story here or there once in a while, but if you actually start plugging your numbers in, people don't realize how the consistency really does pay off. It was 22. I sat in a room and a guy with a whiteboard showed me that at 12% if I invest $100 a month from age 25 to age 65, it's 1.176, 1,176,000. Well, you can't get 12%. You won't if you're not investing it because you sit around and talk about your freaking theories all day. There's that too.

This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today. You're welcome to come by and visit us. We'd love to have you. We're just south of Nashville in Franklin, Tennessee. We do this show on the glass, the lobby of Ramsey Solutions. And so you can come watch Ugly Paint Dry anytime you want. And we're here from 1 to 4 Central every Monday through Friday.

A couple of us, a couple of the Ramsey personalities sitting here and doing the show at all times. And the homemade chocolate chip cookies, the coffee is on us to come in as our guest. You come in here, it smells like mama's kitchen. It don't smell like corporate Americaica i can tell you that and uh of course right in the middle of the lobby of ramsey solutions is the debt-free stage which is where brad and susan are hey guys how are you good how are you better than we deserve where do you live we live in pasco washington which is spokane yes it's near spokane yeah that's the closest major yeah good good to have you man how much debt have y'all paid we've paid off 329 300 in 46 months wow good for you and your range of income during that four years it was 176 to 242 cool what do y'all do for a living uh i'm a school

teacher a high school high school stem teacher and i'm a pharmacist ah very good excellent careers well done well done and uh so i gotta stop a second rhinos on the t-shirts rhinoceros success yeah all right i love the little book yeah that book was awesome we sold a bazillion of those little books i love that little book don't be a cow be a rhino absolutely run through the jungle and knock stuff down cows eat cud i like it way to go guys cool so what kind of debt was this well we had 9500 for a camper um 8200 for brad's master program um we have a rental home it was 90 000 and 221 000 was our mortgage oh look at it weird people no mortgage no rental or anything yes did you sell the rental or keep it pay it off he kept it i love it so what's the rental worth the rental is currently 304 000 what about your

home 400 uh 443 all right very cool all right and then the next question how much is in your nest Rental is currently $304,000. What about your home? $443,000. All right. Very cool. All right. And then the next question, how much is in your nest egg? About $299,000. Okay.

Nice. So you broke the million dollar mark. You have millionaires. We did. 100% of everything paid off. Way to go. I'm so proud of y'all. Thank you. Thank you.

Way to go. How old are you guys? We're 40. I'm 41. Nice move.ad keep guessing a year or two younger 40 year old school teacher and pharmacist everything's 100 paid off and they're baby steps millionaires yes that's incredible i'm so proud of y'all how's it feel to be be completely free? Oh, it's amazing. It's amazing. Thanks to your teachings, it really helps us pave the path.

How many millionaires in your family? None. You. Yeah. I think you're looking at them. I like it. I like it. Way to go, man.

Thank you. That is so cool. And you're going to be worth so much more because you're only 40 oh my gosh you keep going it's gonna be worth a lot of money i'm so proud of y'all well done well done well done well the number three in our millionaire study of 10 000 millionaires the number three most likely to appear career field in the millionaire study as teacher and a pharmacist wouldn't be far behind because you also fall in what we finally discovered after we looked at all these careers that were all you know accountants engineers teachers these are the people that are making it uh attorneys uh because they're all process people they have a set of rules that they go by you do

lesson plans and processes you don't mess up the uh filling of the prescription or somebody dies you know i mean it's a big deal right so or at least they don't get well anyway minimum right so there's a process you don't get to like it's not art you don't make it up you got to do it the right way there's one way to do it and that's the right way these are the people that learn to follow a process and they're the ones that have a tendency that career field doesn't mean you can't be an artist and become wealthy but you but but you know artists just make it up right now you don't get to make this up there's a law of gravity you live on less than you make you live on a plan you get your butt out of debt you build wealth you invest steadily there's things you have to do here that work every single time so way to go guys thank

you all right now that you're completely free tell people how do you be a millionaire by the time you're 40 what are you gonna do you just laid it out follow the process it's it's laid out there for you you just work hard go after it budget take care of business and i'm lucky brad came into my life because I was Dave-ish. I lived with a credit card. I thought I lived to my means all the time before meeting him. And then two years after getting married, our in-laws gave us a book for Christmas, The Total Money Makeover, which my dad introduced me to.

Yep. When I was younger, so I was Dave-ish. But Brad read it while he was on Christmas break. I had nothing to do for two weeks, so hey, read a book. Yeah, why not? Even a boring financial book. And so he was all about it, but I was a little bit hesitant to get on the budget thing. I was kind of like, really?

You want me to do a budget? But it has actually been freeing because it's allowed us to communicate better. You know, the spending is easier when he knows what we're going to spend it on. Yeah, and we've agreed to it. Yep. As Rachel says, it's a spending plan. Yeah. That's what a budget is.

It's a plan of how I'm going to spend my money. Yes. And in this case, you spent it on $329,000 worth of debt in 46 months. You're completely debt-free and millionaires i love you guys you're amazing you're heroes man never again absolute heroes wow way to go way to go so your parents gave you the book yeah okay wow and they're with that's who's with you yeah okay very cool well they got to be proud oh yeah who was uh who was cheering you on and who was telling you you're an idiot for doing this stuff i don't know that we ever got you're an idiot but we it's not

really a popular conversation to have with a lot of people so but our family cheered us on yeah supported us along the way that's good that's good well you got good folks good people around you then yeah excellent excellent very good you know i'm struck by how much you paid off in this amount of time. I mean, this was getting with it. I'd love to hear what was the most gazelle intense season or thing that you guys did. I want our audience to hear this. We would throw our kids into the car and go do DoorDash or Uber Eats after work. Both of us just go and do what we can.

He does a lot of after-school program for high school we just worked again we just got after it and we picked up the hours if they were available and we just worked and worked and worked and you know we had the vision we don't want this for our kids our kids we have the benefit right now where they're a little bit younger yeah so we can get after it right now before the older they get the more difficult it's going to get so was it worth it working that hard oh yeah oh yeah now you work like no one else now you get to work like no one else exactly you live like no one else later you get to live and give like no one else no discipline seems pleasant at the time but it yields a harvest of righteousness way to go you guys thank you. Thank you. Very, very cool.

And you brought the kiddos with you. What are their names and ages? Amelia is six, and Lincoln is three. All right. We've got a little Amelia running around. And, oh, check out the cowboy hat. Way to go, Amelia. Good job sporting that right here in Tennessee.

I like it. Good stuff. All right. Brad and Susan, Amelia and Lincoln, $329,000 paid off. House, rental property, everything completely debt-free in 46 months, making $176,242. A teacher and a pharmacist. They're 40 years old, and they're Baby Steps millionaires. Awesome job.

Count it down. Let's hear a debt-free scream three two one wow Wow! Ken, there's a whole bunch of folks stuck on TikTok and Facebook and Instagram saying, with the current state of the economy, I can't get ahead. Can't win. The house prices and the interest rates, I can't get ahead. I'm going to have to live in my mother's basement. I'll never be able to get ahead. And yet Brad stood up here, made a very profound statement on how to fix

that yeah work we just worked there's a great place to go when you're broke to work this is the ramsey show our scripture of the day that's's funny, y'all. Leviticus 1340-41. If you didn't think the Bible had some stuff in it. If a man's hair falls out from his head, he is bald, he is clean. And if a man's hair falls out from his forehead, he has baldness of the forehead, he is clean. Well, there you go. According to Levitical law, I am clean.

So there you go. Larry David said, anyone can be confident with a full head of hair, but a confident bald man. There's your diamond in a rough. What is it with you guys in the booth writing these quotes? Everybody's having a party in there. I'm just saying. Oh, it's April Fool's. Ah.

Oh, you know what? I missed my opportunity wait a minute is that a real that's not a real scripture no it totally is it actually is yeah i know there is a scripture where some two guys made fun of the prophet elijah for being bald and he called a bear out and killed him yeah so there's that so watch for bears next year watch for bears back there i'm just saying true bible story i just can't stop looking at your head now that I know how clean you are. I just feel clean. Mr. Clean.

Remember the old commercial? Does that mean that I need to shave my head? No, it does not. No, some heads should be covered. That is true, by the way. Some barns need paint, and some heads should be covered. I'd look like a sunflower seed. Probably pointy.

I don't even want to think about that. Andrew is in Kansas City. Please get us out of this, Andrew. How can we help? I was enjoying that one for a little bit, guys. All right. Yeah, so my big dilemma right now is, uh, basically job, job opportunity, job situation. Um, the job I have right now, it's a remote job. So I get to work from home.

Be my, my two little kids. I've got a daughter who's three son who's one baby on the way. Um, so it's awesome. Um, but just recently recently how can you work from home in that circus uh it's actually well my wife holds it down real well so she gives man she gives me that it's hard for me to work from home i just have a dog okay anyway what do you make at your remote job so there's a few layers to this my i guess the base salary as of right now is a $97,000 base salary so what do you make so right now i make about $155,000 that's because i'm now at the remote i'm now it it is but i'm not remote right now and that's why i'm in kansas city it's an on-site opportunity at a construction site so i I'm working on-site for our client as of right now.

Oh, so it'll be 97 when you're back home. Exactly. Yeah. Okay. So we're going with 97. All right. And what's your other option traveling? Yeah. So the option is I'm here with the, with our client, um, and they want to hire me full time. Um, which if I take this job, I would, I would keep the same exact position as of right now since I'm in person with this client but I would just work for their company then you make 155 if if I took it with I'm at 155 right now if I took it with them I would bump up to about 235 and that's um that's starting and you would be traveling why why would why would you be traveling there? There,

you don't work there. You're going to work all around the country at different sites. So, so yeah, so right now they're traveling, they're based out of Louisiana, the company that, uh, I have the offer with, and it would, it would mostly be, um, probably two to four year projects at a time. So I would probably be here for another two, two three years and then i'd probably do one or two more um and they do have a few offices where i could kind of settle down and just work in their district how much would you be traveling in a given month no i see so i i guess it wouldn't be traveling so you would just be at a workplace instead of working from your bedroom it and you can move to kansas city make 235 000 versus 97 000 and all you gotta do is be willing to go to work yeah so so and i'm not i'm

i'm absolutely not afraid to work i'm no i'm just saying all you gotta do is go physically to work you just have to walk over to the place and not have your child in the next bedroom it's tough so i mean yes i'm already doing that no no it's it's i'm i'm hoping i'm explaining it well enough and not have your child in the next bedroom? It's tough. So, I mean, yes. Why is that tough? I'm already doing that. No, no, no. I'm hoping I'm explaining it well enough because I'm doing that now. I'm going to work right now. I know.

You don't currently live in Kansas City, though. No, I do. I moved here for this on-site opportunity, but I'm with my remote job. And you would stay there for at least two or three more years? Yes, but I would just be switching to our client's company, and then from there I would, yes. After that job is complete, you would have the option of moving to the next city with your whole family

or moving to a district office and never having to move again. So what's the question? And that's where I'm at. I'm strongly leaning yes, because it's a huge financial jump. It could do wonders for my family, my children, our lives. But my only kind of concern is I value my wife and I's relationship and the way that my children see me as a father and not just the money. I value that over all of that. Okay, so hold on.

Let me jump in. Let me jump in real quick, okay? Yeah. Because I'm trying to speed it up. So if you take this job, you're working eight-hour days, ten-hour days? Ten-hour days. How much? Ten-hour days.

Okay, great. So right now I'm working two. So that would not in any way devalue your role as a father and a husband just because you're working those hours outside of the home versus inside the home. In fact, that's setting a really great example for your kids. And is your wife going to adjust? You said she's holding it down anyway. Dave said, how do you get work done? You said she's holding it down.

Absolutely, she does. She stays at home, which I'm glad she does. She stays with her kids and she's happy to do that. Let me ask you this. Does taking this job, does it forward you significantly beyond the financial part? Does it set you up professionally to go where you want to go or be 15, 20 years from now? I think that's a tough question. I think it could because...

Let me just tell you, the data says people that are working remote aren't getting promoted. People working at work are getting promoted because they're in proximity of the people that will promote them. And I'd get the answer. Get the answer to that. I don't mind that you don't have the answer now. I'd get the answer because here's the deal. You don't just make this decision. This is a no-brainer as it relates to money no brainer yeah yeah it's a

no-brainer as it relates to family you're not damaging your family i agree i agree with that i said you got eight hours a day in the bedroom or eight hours a day at the workplace so so yeah and and i'm not too worried i'm really not too worried about that either i've i've always been a hard worker but my i think my bigger concern was what i guess your guys's input on i of course we all know is the money worth it which i think we all know it is but is traveling with my young kids you're not traveling you're driving across town to an office no no but i'm just saying after this you know after two years here i go to well then you can decide if you want to move. But they're not putting you on the road even then. You just pick up your family and move.

Yeah. You sell the house and you move to Louisiana. Or you sell the house and you move to Abilene or wherever the next freaking four-year gig is. I get what he's asking. Or you don't. But you're not damaging your family. You could quit the job after two years and still be way ahead. But in the interim, your only question is do I work remote or do I work in the office for two and and still be way ahead but in the interim in the interim your

only question is do i work remote or do i work in the office for two and a half times the money that's a no-brainer and it's definitely not psychologically damaging your marriage if it is you didn't have one in the first place it's certainly not damaging your children or otherwise you were damaging them when you were working at home so i mean if you unless you're not working when you're working remote you're not losing any time with wife and kids that's right because you're supposed to be in the bedroom locked in there working that's what you're getting paid for when you're working remote not out jumping on the trampoline for two hours a day okay so you're not you're not losing anything with the kiddos unless you've been

stealing from your employer when you were at home yeah which by the way when you're supposed to be working and you're being paid for working and you're not working that's called stealing people for those of you that are remote and confused about that that's theft you're being paid to do something and you're jumping on the freaking trampoline, and you're calling that nurturing. Meanwhile, your children go, my dad don't work much. Right. And, Andrew, one thing I would say is the one- to three-year-old and then the baby moving from city to city over the next, they don't have a clue.

Now, once they get into school, elementary, middle school, then I think that's a real decision. But as of right now, I would take this latter opportunity because the kids don't have a clue, and there's going to be a while before they're even the oldest you got at least two years so the oldest is even in kindergarten so you moved from atlanta to take this job how old were your kids ty was a third grader third grader first grader kindergartner and they all prospered they're fine they're fine and you work a lot that's right from this hour the ramssey Show and the books.

We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Thank you.