The Ramsey Show - App - My Mortgage Is 100% of My Income (Hour 3)

Episode Date: October 2, 2020

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Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studio, this is the Dave Ramsey Show, where America hangs out to have a conversation about your life and your money. My name is Anthony O'Neill, and with me, co-hosting the number one talk show in the world, in my opinion, is my good friend, dear friend, Dr. John Deloney. And we are here to take your phone calls, talk about life, talk about money, talk about relationships, talk about dating, talk about mental health, talk about your marriage, talk about all that stuff. This show has become much bigger than just only money by the visionary and by the owner of this company, Dave Ramsey.

He said, I want to help everyone out and provide hope for all areas of their lives as much as we possibly can. So I'm no relationship expert. I am a money guy. But we have Dr. D here who can definitely speak into your life. And I can give a little bit of my thoughts, but it's no expertise. So give us a call. Triple eight, eight, two, five, five, two, two, five, triple eight, eight, two, five, five, two it's no expertise. So give us a call, 888-825-5225, 888-825-5225, and we're going to keep this going. We're going to go out to Minneapolis and have a conversation with Cara. Am I saying your name right, Cara? It's Cara.

Cara. Cara, good afternoon. Good afternoon. How can Dr. D and I help? I'm so excited to be on here. Sorry, just to start with that, because I'm like shaking and I help? I'm so excited to be on here. Sorry, just to start with that because I'm like shaking and jittery. Hey, Kara, we're shaking and jittery too, so go ahead. We're with you.

Good. Okay. So, yeah, I am a single mom, and the last like five, six years, I've just been trying to get on my feet, um, so to speak. And, um, now I'm at a place where I really want to stop renting. I'm really sick of renting. Um, but I'm like terrified of ownership and big payments. I'm just like kind of terrified of money in general. Um, and I don't, I don't have the best grasp on like what I need to save, I guess, in order to be at a good spot. Okay. All right. So give us the basics of where you are in life.

What's your gross income right now a year? Right now it's 80,000 a year. Okay. Is it going up anytime soon? Probably not. Okay, cool. Anytime, probably not. Yeah. So we got a base salary of $80,000. Do you have any debt? No, not anymore.

I just paid off my credit card, so I'm completely debt-free. Look at you. Oh, thank you. Congratulations. Just getting back on my feet. You've been kicking butt, dude. Come on now uh no i know i mean it's yeah it's been a it's been a long road but i'm i'm super lucky and i'm very blessed to be here and what's your um how much do you have in savings

so that's also my question is i kind of i don't know if I should do like a redistribution of my current funds right now. So in savings, I have $1,200, but I have about, let's see, about $18,000 in investments right now. Okay. Are those in gross stock mutual funds or in single stocks? Both. Okay. All right. So here's what I want you to do. I want you to get on the phone with one of our smart investor pros because we need to get you out

of the single stocks. We need to go ahead and get those into a growth stock mutual fund. And so right now, here's the basic, all right? Here's the basic. All right. Here's the basic of what I need you to do and what I'm going to do. And Ashley, Dr. D and myself, we're going to bless you with something in this phone call to really help you get solid. Because I hear it in your heart.

Like I hear it in her voice that you really want the knowledge to make the right decision. And these kind of callers we love talking to and we even help. We love helping them get even further along the journey so don't redistribute those just yet your investments because we need to get in there and make sure that we do it the right way to get you over to in a growth stock mutual fund especially as a single mother you can't afford to lose money on single stocks and nearly 80 percent of individuals who invest in single stocks lose their money. So we're going to get you out of that.

Moving forward, what you're going to do is you're going to stop investing right now. All right? Not stop, but you're going to pause. Pause on putting money to your 401k. Pause on putting money into a growth stock mutual fund. Okay? Pause. Then what I want you to do is go ahead and just get at least three months set aside for your emergency fund.

How long do you think it would take to get three months of your expenses in an emergency fund? I mean, I could do it. I'm really committed to just – I mean, before this call, I was trying to budget, and I'm pretty committed to saving about like 800 a month until I feel like I have enough. So that's kind of where my head was at. Cool. Great.

So that's what we're going to do. We're going to focus on that. That's your focus until you get to three months of expenses. And listen here, Kara. Expenses are your hair. That's an expense. Expenses are you going out to eat. That's an expense.

Expenses are, you know, your kids, you know, put all that in there. What's your lifestyle that you want to be able to maintain if something happened for three to six months? Then from there, you're going to step back and you're going to ask yourself, OK, do I really want a house? And if you really want a house, it's this thing called 3B. You're going to save at least 10% to 20% to put down on a home. Can you buy a house as a single mom right now, today? No. Can you in the future? Absolutely.

And we're going to walk you through that process. So after Dr. D says some words to you, I want you to stay on the line. Kelly is going to get your information, and we're going to bless you with Ramsey Plus free for a year. I want you to get this. Yes, and I want you to watch the classes every single day. You got Dave, you got

myself, you got Hogan, you got Rachel Cruz. You have the best people in the money space that we're going to literally walk you through the whole process and by the time you get done with Ramsey Plus, you're going to feel so confident in yourself. When you go purchase a home, you're going to cry when you're at that table

because you don't have any debt. Your kids have freedom. You have freedom because you did it the right way. And I believe if you follow what we teach, you could be doing this within the next two to three years. Thank you so much. That is incredible. Thank you.

When's the last time you cheered, Kara? Last time I cheered? Yep. For nobody but Kara. Oh, my gosh. That's such a great question. I mean, honestly, actually fairly recently because I – What did you cheer?

I feel – what's my cheer? No, what did you celebrate? I actually stopped drinking. For how long? How long are you sober? Three months. On national radio, I'm celebrating you with you. That's a huge deal.

Heck, yeah. That is so funny, too, because I've told like three people. So hey, everybody. Well, here we go. Three plus 17 million. Congratulations. Right? Now, here's number two.

I want you today, after you get off this call, I want you to find 10 or 15 minutes, and I want you to back up the last three to five years, and they've been a hard, crappy season for you, and I know it has been, and I want you to write down all of the things that Kara has done that's extraordinary, and I want you to write down the names of the people that helped you. One of those is getting out of debt. One of those is picking yourself up after a divorce. One of those is not drinking.

And, and, and, you're a rock star, Kara. And the next step is emergency fund. The next step is homeownership, and it just goes on from there. Congratulations, sister. And the next step is emergency fund. The next step is home ownership. And it just goes on from there. Congratulations, sister. We're glad to be walking with you. Oh, man. Hey, Kara, stand in line. Kelly will get you information.

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they'll remake your blinds for free. You get free samples, free shipping, and with the new promos they run every month, you'll save even more. Use promo code RAMSY to get the best deal. Today's question comes from Kelly in Florida. She visits DaveRamsey.com to ask, I'm getting married next month and we are in agreement to combine finances when we get married. Some of my savings comes from a life insurance benefit that was received when my first husband died shortly after we got divorced. I've also been able to save from social security received for the kids.

My fiance sees those savings as a household amount and believes it should all go to our combined pool of finances. I'm struggling with the idea of not keeping some savings separate for my kids. Any advice? When it comes time to combine finances, is it ever appropriate to keep some separate i've got some initial thoughts on this anthony but as the money guy i'd love to hear what you have to say what's your initial thoughts initial thoughts is this i am 100 all married couples need

to combine their savings absolutely i am 100 that um death benefits, Social Security benefits received for kids need to be reserved for kids. Absolutely. And so this is one of those unique situations where a family is combining and there is a jillion dollars at stake that's like when it gets into cartoon money or when folks are combining blending families and there's a specific money amount reserved for kids so i'm not suggesting they have a prenup here but i am suggesting less that they have money is kept separate as in secret or as in off the books, but more that they agree as a group, there is a life insurance policy that was developed for these children. It is the children's money that's not going to be used for a bathroom renovation or a

new car or anything like that. Yeah, I totally agree. I think your income, earned income, is combined. Life insurance from the kid's father is for the kids. Right. Bottom line. So you put that into a separate savings account, or you can put that into like a 529 and invest it somewhere specifically for the kids

so that way you're gaining compound interest maybe on it. But I totally agree with you on that one. The idea of separate makes me think of secret. And those are two different things. So, yes, separate is not a secret. Kelly, don't keep a secret pile of money somewhere. That should be something that you and your new husband talk about. Yeah.

And that's a hard conversation if he's adamant about that money going in the general pot so we can buy some fancier groceries. Absolutely. But, yeah, that money is on the table, but it's on the table for the kids taking care of. There we go. Absolutely. Where are we going next, man? Let's go to Bend, Oregon, and talk to Jan.

Ah, Bend. Hey, Jan, how are you? Good afternoon. How can we help? Hey, I'm fine. Thank you. Hey, Jan, before we get going, how are you? Y'all doing okay out there?

Yeah. I'm actually three hours from Bend. Okay. But it's one of the major cities. Good deal. All right. I'm glad y'all are doing well. How can we help?

Okay. I'm not one of yours that's going to be a millionaire. I had to do a – well, my husband left me, and then right after the next year, my son committed suicide. Oh, Jim, I'm sorry. And then I divorced him the next year in 2017. And he, during that time, during the separation, he was to pay the mortgage. And then I took him to the doctor, and he had lung cancer. And so he passed away in 2019. Towards the end of his life, for some reason, I guess he just gave up.

The last four months or so, he didn't make the house payment. And I wasn't aware of it. And actually, I should have been because my name was on the loan as well. So then it goes into his estate, and his daughter, who was the executor, decided she wouldn't be making any payment on my home as per our divorce degree. So I was then over $10,000 and some dollars. It was $10,000 and some dollars behind.

So in order to, because the bank was talking foreclosure, so in order to not do that, I had to make a deal with the daughter to forego the $10,000, and she gave me the right of the house back. And then I had to go into a loan modification to keep it out of foreclosure. So during that time, having to make a house payment again i wasn't able to pay the credit cards um one that my husband and i both did a uh where you um put all the bills together consolidation yeah so where where are you guys now? Where are you now?

Where am I now? Yes, ma'am. Financially speaking. Financially speaking, I'm doing okay, but I am not able to pay on my credit cards because the payments are so high.

Are they in collection or are they still with the actual bank? Well, they were, one of them was going into, to the court. They were going to take me to court for not paying that one. How much is that one? That one's $20,000. Yeah. And then my daughter. How much credit card debt are you in right now?

Yeah, what's the total credit card debt? Total credit card debt is around $30,000. Okay. I did an agreement with one. How much money do you have coming in, Jan? I have around $2,500 a month. $2,500 a month, okay.

And how much is your mortgage payment right now? My mortgage payment now because I sold my home out in the desert and came into town, it's $653 from $1,100 before. Okay. All right. Here's the thing, Jen. We need to honestly sit down and do a budget. And I will even say that maybe selling your home might even be an option to help you out here. hundred dollars a month six hundred dollars right now a mortgage it's not too bad uh i would just go ahead and start paying on them and when it comes to settling credit cards you can call them and

explain to them the situation explain to them the story that you're in um and they will definitely settle you know collection agencies they buy the credit card debt on like right around 10 to 20 cents on a dollar so you can get half of that down like you said ones or 20 000 you may get them to negotiate it down to 8 500 over two three payments and you they'll do a settlement in full uh but right now you need to get on the phone with all of them and you need to ask them okay what can we do because i cannot pay you back the full balance and just keep having conversation. Do not budge on it until it gets to the budget of where you can't afford it.

But right now, you got to have a plan. You got to communicate. You got to stick to that plan that you know you can't have. I'm so sorry to hear about everything that's going on. But right now, that's only option. This is Dave Ramsey Two of the biggest things that are helping you guys save money are community and a plan. What if you could get both of those things in one place? Imagine being coached and encouraged through a money plan that you know will actually work for you.

That's Ramsey Plus. It's one membership that guides you through our three big hitters. You get Financial Peace University, the class that teaches you how to handle money the right way with people just like you. You get the premium version of every dollar that matches up with your bank. And you get our new Baby Steps tracking app. Plus, you get a ton of different courses, tools, videos, special podcasts, access to financial coaches, all of it. You don't have to figure out your money problems alone. Start your free trial of Ramsey Plus today at DaveRamsey.com slash FPU.

That's DaveRamsey.com slash FPU. I love it. Let's go out to Washington, D.C. and have a conversation with Brandon. Brandon, good afternoon. How can Dr. D and I help hey how you guys doing today um the reason I'm calling it by the way I'm a huge fan of you my girlfriend listen to you guys every day oh man thank you so much man so the reason I'm calling is I'm buying a house and it's a little bit of an expensive house it's like a six bedroom four

bathroom 430,000 is what my loan is for. It's a $450,000 home. I make about $55,000 a year. And I know from the start this sounds crazy off the beginning, but I have five people ready to move in to the other five bedrooms to rent it out. I'm going to be cash flowing two grand a month on day one. Everybody's signing a one-year lease. And I'm one mile from the university,

so it's not going to be a hard place to rent out in the situation that somebody does move out, which is going to happen at some point. But I just wanted to get you guys' opinion on that. Hey, Brandon, I wish you could see Anthony's face right now. He literally passed out standing up. Yeah, man. Brandon, let me say this up front, because I think sometimes I can come off a little harsh.

I love your drive, and I love the way you're thinking. I love your thinking about, all right, how do I take advantage of this and that and this and that? And I love your thinking about, all right, how do I take advantage of this and that and this and that? And, and I love it. How much do you make a month net? What's your net pay a month? I make about, about three grand a month. And that's about, that's what the mortgage payment is. It's a hundred percent of my pay. If I have nobody moving, if I have nobody living there, then I'm just making. You are screwed, Brandon. No. Brandon, listen to me, bro. No.

What happened to colleges last spring? No, no, no. Wait. No. No, Brandon. And I'm saying no because I like you, bro, because I like the way you're driving right now. I love your energy. But, bro, if something happens, you're done.

You don't have no food to eat. You don't have no food to get you some water. You got to go out there and drink out the spigot. Somebody else's because you can't afford your own. No, bro. Now, listen. Do you have any other debt? I've got five people all signing one-year leases, moving in with me next month.

Brandon, what happened to colleges last spring? I'll tell you. They all went home. Yeah. Out of nowhere. None of the people moving in with me right now are college students. It's all people that I've known throughout my life. I know, man.

I'm telling you. I know you've got the math figured out for year one. Yeah, man. You are buying a house that you cannot afford. And it sounds so good. I get it know you've got the math figured out for year one. Yeah, man. You are buying a house that you cannot afford. And it sounds so good. I get it. You've done the math. You probably did it in Excel sheet.

You're a sophisticated guy. You didn't even do it on a napkin. You did it on a spreadsheet. You can't afford the house, man. And I know you've got it figured out. You're going to buy it anyway. Holler at us in a year and one month. And we will.

We won't laugh. We might laugh at you but we'll laugh with you mostly and we'll probably cry with you some too no what about what about if in 12 months when i was when i said you're asking so many what about me brandon calm down listen okay you're asking about too many what ifs you're asking about too many what abouts let me tell you as a young man i did that at at 25 years old. Well, if I do this, I should be able to do that. What about this? I'll do that.

And it didn't happen the way that I thought. Yes, you will get a lease agreement, but it still doesn't force them to stay in the house. Yes, it is a legal document that says, hey, you can be held liable for it. But brother, if they move in and stay with you for three months and then something happens and they have to move out because they can't afford it, they can leave. You're still held liable for that.

Now, if you have no debt, Brandon, if you have zero debt and you are like, yo, I want a house and you have a fully funded emergency fund and you have 20 to put down go get a house that you can afford now what you decide to do with that house and if you decide to rent that those rooms out i'm all for that but buy a house that you can afford that you are not depending on someone to carry the weight for you because that's not the route man and and and and and my passion came from because millennials in these days and times sean are like they're like yo how can i get some extra money yo how can i do this how can i do that and they don't want to just do the the basic stuff so they can have a solid foundation to stand on like that makes no sense

you make three thousand and here's the thing what bank would approve that that whatever bank that is they deserve to be fired they need to go out of business to approve a young man who makes three thousand dollars a month and you're gonna to give him a $3,000 a month mortgage? What the heck is that? So think about it. So you got the math problem. Let's put the math problem aside. You're calm right now.

I am. I'm frustrated. You're calm about this. That's what happens when things get crazy. I just settled down a little bit. So here's the thing. Think through having six people plus you tossed tossed in there at the end your girlfriend's gonna move in his girlfriend was gonna move in too you got seven people there's a hundred percent

chance there's a disagreement there's a hundred percent chance there's a fistfight of some sort there's a hundred percent chance somebody somebody's cereal and that means that they're gonna do something to somebody else's car. A neighbor calls because in the district you can't have X number of people who aren't related who live together. There's so many variables here. And you get six or seven different human beings living in the same box. And the math goes out the window. And so the thing is nobody loves real estate more than Dave Ramsey. He loves it.

He's crazy about it. He's got hundreds of millions of dollars worth of it. And so he doesn't make up these rules. He didn't invent these things. Anthony's not, like, breathing deep. I'm not getting all calm because we think it's fun, and we're trying to rob young people out of a cool opportunity to make money. It's not the thing.

It's that I've just sat for 20 years with 18, 19, 25, 30, 40-year-olds who the wheels fell off whatever wagon they were on because they thought they had it figured out and then life hit them in the mouth. So has Dave. So has Anthony. Dave, Anthony, and me have made those decisions ourselves

and we've had to look our wives in the eye and our friends in the eye and our parents in the eye and say, I'm sorry. So this isn't because we're mean. This isn't because we can't work out a calculator, too. We can do that, too, brother. I promise.

It's because life will happen. And when you take the variables that you set up, seven people in a box, it's going to happen. Anytime you deal with people, something will happen. It's called dealing with people. And here's the truth. I'm not fired up at him. I'm fired up at the banking institution. Yeah, that's ridiculous.

And this is why Dave, myself, and this company, Chris Hogan, Richard Cruz, we are fired up and we're going after the big bank industry because they don't care about people. They're setting this young man up to fail. And when he fails, they are not going to be the first one to help him get out of it. Who does he call? The Dave Ramsey Show. And so the banking institution, if you hear me, if you work for a bank, you should be ashamed of yourself if you are willing to do that. And that's why I'm so grateful that we work with a company called Church Hill Mortgage because they wouldn't even consider this kind of crap. I'm so frustrated.

You finish this segment. Here's what I want people to do. There is no shortcut. Slow down. Be wise. Call for wise counsel. Set up hurdles in front of yourself so you don't do something dumb. And whenever something feels too good to be true it probably is the turtle always wins the race Scripture Today scripture of the day comes from philippians chapter 4 verse 9 what you have learned and received and heard and seen in me practice these things and the god of peace will be with you. John Maxwell says, sometimes you win, sometimes you learn.

And I hope our last caller learned, but I don't think he did. So I'm going to keep on moving. He's going to buy the house on Tuesday. Yeah, he really is. But you know what? I'm going to wish him well. I'm going to wish him well. I hope it works out.

Yes. Where are we going next, brother? We're going to go to Medford, Oregon. Yes. Talk to i couldn't see it so i asked you that one hey nicole how can how can we help hey um so i'm 35 and i had my first baby at 33 congratulations thank you um It has been crazy. And we just got back into our house because we were evacuated from the fires and life has been nuts. But I'm kind of getting back on track. I'm trying to pay off $75,000 worth of student loans from down from like 150. Congrats. There we go. Yeah. And COVID, I've saved about 20,000 and we're planning for our second baby. And my question is, like with the spreadsheet, I'm kind of using it and I'm totally the nerd, but I'm trying to figure out the ideal timing of getting pregnant. And I know you guys don't exactly advise on all of it,

but it's related to the student loan debt. I want to be debt-free because this time, the first baby was such a struggle because we were just really financially strapped. And so I'm working now currently part-time in the mornings through like telemedicine and I think that I'll have to cut back on that if something goes wrong with the second baby so I'm just I'm just trying to figure out um yeah any questions you have let me know and I'll answer them but that's the scoop so what exactly is your question should you wait to have a baby until you pay off your debt because on the screen it says pay off house versus having a second baby like what what's exactly your question um i guess i'm trying it's like a race

against the clock because i'm 35 and i don't want to wait too much longer but i have it kind of scheduled out where it will be about 18 months before I can pay it off at least. Okay. And yeah. Okay. Hey, Nicole, there's a whole industry designed to make women over the age of 34 feel like they're a thousand years old. I know.

And I'm very healthy. I'm not scared of that, but I just, I really want to be close to debt free or debt free because if we have to cut our income down we basically can't pay on our student on my student loan that's really hard um outside of your debt uh can you and your husband afford a second baby um yeah yeah um i'm not a huge fan of saying yes or no don't have a baby uh because of that i i mean i i'm i'm not a huge fan i don't know where dave stands but i know for anthony o'neill i'm like if you and your husband want to have a baby um and you all can provide and protect and and raise that child up and be a good steward of that baby at this time of your life man do do what you and your husband want to do um do i want you to stop

paying off your debt no am i okay with you pausing to make sure that your baby is healthy and you don't rack up any more debt in the process of having this baby yes but as soon as that baby comes um yes we're getting aggressive we're getting back to the gazelle intense uh paying off your debt but i think that's a conversation dr d that her and her husband should sit down and have and be like all right what's our priority right now do we want another child uh do we want to pay off debt like what's what's that and then together they go after that that. That's exactly right. There's a control.

You're worried about losing control, huh? Well, control, it's like it's such a struggle to pay it with when it's, I mean, we were making $15,000 one year, the first year the baby came. And there were problems, like she had to have a surgery so i know what it's like to struggle and not have money where you just can't pay hardly anything are you still are you still in that situation yeah are you making fifteen thousand a year right yeah a year like it was bad and no now we're making like 84 right and that's because i'm able to work and so And he has a better job. So I'm just nervous, and I don't have a good plan. It's totally natural that your heart and mind is just reliving what it just went through.

Of course it was scary. Of course it was frustrating. You guys got to peer over the edge there and see that it's a long way down. You're in a different situation financially. You are trying to do the right thing. There is zero guarantee that you're going to decide next month to get pregnant. You're going to get pregnant. I've known a number of couples that have no problem getting pregnant with kid one, and then it takes, um, one, two, four years for child two. So, um, this is one of those situations that you can have a reasonable plan.

Anthony, you can have a direction, but there's so many variables there. If you're in a different place financially, you've got to plan together. You've got to partner on the same page with you. I'm with Anthony. Go have a baby. Go have a baby.

Be smart about it. Be safe about it. And if you don't want to have a baby, be honest enough with yourself. Don't blame the spreadsheet. Decide, I'm scared from last time. I'm not ready to do that yet. Let's think about it in a year, and let's keep crashing on that debt.

There we go. Going out to Grand Rapids, we're going to have a conversation there with Walt. Walt, good afternoon. How can Dr. D and I help? Hey, how's it going? Good. How about yourself? I'm doing good. So, hey, guys, I'm a pretty recent college graduate, just about a year and a half out now.

I'm trying to figure out how I should tackle my loans. I've got about $15,000 in federal student loans, about $74,000 in private student loans. Yeah, yeah. So the coronavirus put the federal loans into a national forbearance. So I'm not currently paying on them. However, since they are broken up into my lowest, you know, the lowest student loans, the baby steps would tell me to pay those down first even though i'm not paying on them yeah um so my question for you is what would you guys recommend paying uh the federal student loans or the private student loans since i'm actually

having to pay the private ones yeah man we're going to tell you due to debt snowball. You have to pay the federal ones too. Dude, it's smoke and mirrors, brother. Just forget what the headlines are. Follow the plan. Follow the plan. Just line them up smallest to largest. This is not a math problem. You know that well.

We want to build momentum. You want to see things disappearing, disappearing, disappearing, disappearing, disappearing. And what's your income right now? What's your gross income? About $48,000. Okay, $48,000. And you're in how much student loan total debt?

$89,000. About $89,000, yeah. So right now, honestly, I would pay that off so you're not racking up any interest. I would just really start putting money Towards what you're not getting The federal student loans Because now you can pay that off without racking up any interest And then once you pay that off

Then you're going to attack the ones that are gaining interest You need that momentum And you Trust me, you'll thank us later I can't give away Any more free stuff But I want you to go to my website anthonyoneal.com and 10 bucks

I want you to get my short little book it's like 80 pages it's called destroy your student loan debt alright I want you to read that I'm gonna walk you through some refi possibilities I'm gonna walk you through how to pay it off quicker it's only 10 bucks it will take going to walk you through how to pay it off quicker.

It's only $10. It will take you an hour and a half to read it. There's no intro. I get straight into this is how we destroy your student loan debt. So go to Anthony O'Neill.com and check that out. Or you can go to Amazon.com. But if you go to Anthony O'Neill.com, you get other resources there for free. And so for anyone listening right now, if you're like this young man, like Walt, and you're saying, you know, I have a lot of student loan debt, what do I do?

I'm telling you right now, that book I spent maybe two days just writing that thing, and I just said, hey, I want to help people. I mean, I really do want to help people. Dr. D., thank you so much, man, for joining me today. It's been a pleasure. And also with you. Yes, sir. Yes, sir. Yes, sir. I want to thank our producer, James Shoud, and our filling in for

not filling in, but our associate producer, the baddest phone screener in the world, Kelly Daniel. And, yo, I want to thank you, America, for chilling with us today. Don't forget, the caliber of your future, especially your financial future, will be determined by the choices you make

today. And you made the right one by listening to Dr. D and Anthony O'Neill right here on the Dave Ramsey Show. Have a good day. Have a friend or family member that needs a daily dose of Ramsey advice in their life? Let them know about the Ramsey Call of the Day podcast. It's a quick hit of advice about life and money in under 10 minutes. Check out the Ramsey Call of the Day podcast wherever you listen to podcasts.