The Ramsey Show - App - My Rent Is Going Up 62%! (Hour 1)

Episode Date: March 16, 2022

Dave Ramsey & George Kamel discuss: What to do about rising rent prices, Family drama when your parents decide to leave you more money than your siblings, What to do with a pension. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the 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, George Campbell, Ramsey personality, host of The Fine Print, and the Entree Leadership Podcast is my co-host today as we talk about your relationships, your boundaries, your mental health, your job, your career, your money, your life. It's all right here. It's called The Ramsey Show. We're going to talk about you right in front of you. The phone number is 888-825-5225. The call is free, and some say the advice is worth exactly what you pay for it. Kyle is with us to start off this hour in Davenport, Iowa.

Hi, Kyle. Welcome to the Ramsey Show. Hi, Dave. How are you? Better than I deserve, man. What's up? Yeah, I had a question. We recently, I'm a union member, and I recently re-signed a contract,

and they're giving us a one-time choice of, we currently are offered a 401k and a pension, and they're giving us a choice to freeze the pension for an increased match in the 401k. And I was just wondering your thoughts on that. Interesting. Well, I mean, we would just try to figure out the math on it, wouldn't we? Yeah.

So what is the increase in the 401k match? So it's based on their return on assets per year, which eight out of the last 12 years, it would be dollar for dollar match up to 6%, which I currently get 60 cents per dollar. Okay, so it's a 40% increase. All right, so 2%. And what's your household? What do you make? What do you make with this job? About 90. Okay. So here's the deal. 40% of 6% would be 2.4%. You follow me?

Okay. That's the increase. That's the increase. So 2.4% of $90,000, we're going to round that up and call it $2,500. Okay. Okay. 2.5% of $100,000 would be that. So we're just going to round it for easy math. Okay. So the benefit is $2,500. That's what you're going to get on a good year, 8 out of 10 years,

8 out of 12 years or whatever. So then what are you giving up for 2,500 bucks a year it's the pension increases 48 dollars per year of service 48 dollars per year of what of service so every two years it goes up by 100 bucks about, yeah. And that's the amount going in or the amount going in per month or the amount coming out? Per year. Going in? Correct, to the pension, yeah. So they will either add $48 or they will add $2,500?

Correct. Well, that's kind of easy. Yeah, and then they would freeze it at my current, I have 11 years in already. Yeah, you're not going to get the increases. That's what you're giving up. Correct, correct. Well, there's a cumulative effect of the increases mathematically, though, because it would be 48, and then it would be 48, and then it would be 48.

So every year it's 150 after three years three years yes and how old are you uh 34 okay so if you work 20 years um yeah it's still not going to be there still not going to be there. Still not going to be to 2,500 bucks per year. And there's also, there's also one small other piece to this is they put into a, a retirement fund. They put in currently, if I kept the pension and 401k that I have, they would put in 3% of what I make a year into an retirement account once a year. And if I switched, they would up that to 5% weekly. Man, they want you out of this pension bad. Correct.

But I also think it's going to be good for me in the long run. Their pension's in trouble. Dude, they're writing you a check for, what are we up to now uh 10x 20x to get out yeah yeah get out i mean i'll take you know read the tea leaves on that puppy yeah here's the other advantage the 401k over the pension is always an advantage start before we even start doing the math. And the reason is this. You die, pension dies with you. You die with a million dollars, your 401K, it goes to your heirs. Yeah.

So you get to keep the asset when it's in a 401K. They keep the asset when it's in a pension. Correct. And so 401K, all things being equal, always beats pension. But this thing, this starts to be a slam dunk. You got 2.4% plus 3%. all things being equal always beats pension but this thing this starts to be a slam dunk you got two and a half two point four percent plus three percent you know you're getting this thing they're they're just they're they're they're waving the flares aren't they george oh yeah and with how

young he is that compound growth is going to do him way better than the 48 a year in the pension so i'm taking that yeah when you leave you over your 401k, whatever's in there, the matches and everything else, probably that retirement plan as well, out if you ever left the union. You could roll it out just to a rollover IRA into some mutual funds. I mean, unless I'm missing something with the numbers you're giving me, it's way more than a no-brainer. It's $2,500 for 48 dollars yeah and i mean it's a lifetime of that pension but beyond that like you're saying it's gone when he's gone yeah yeah and yeah it's

just he can become his own pension at his age with how he's investing yeah you won't need it i'll pass yeah i'm gonna take their deal i think i think deal. I think they're yelling at you with the math, please get out quickly. Well, I'm sure you've seen the pensions are going away year after year. Companies are moving away from that into the 401k. Well, they're very difficult to manage. And the reason they're very difficult to manage is the regulations on them are extreme. They're not allowed to do anything that we would normally do with our investing because it's called too risky they're not allowed to put the whole thing in mutual funds it's very concerned

they have to that because pensions in the old days ago broke so the feds came in and over regulated them to keep them from going broke to protect the people so to speak but in the effort to protect them they've ruined the ability to operate a pension efficiently so a pension typically is going to pay six and a half to seven percent rate of return out of it that's basically what you're going to get out of it um and it dies when you die but then you've got the actuarial table built in because it dies when you die and so if you've got all the old guys are the major pension holders and they're all out there this thing could get upside down the young guys are supporting the old guys kind of like the young population yeah exactly it becomes a pyramid scheme because it's not earning enough to even cover the payout and

that's where they get upside down because they're over regulated so i'm not predicting the end of the world but a lot of people moving away from pensions. And now even this union, unions are one of the last holdouts on pensions, but even this union is dumping it. And so I think they're yelling at you to run, and I believe I would. If they're scared, I'm scared. Take the hint. Oh, my goodness. Wow.

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And check out the Smart conference october the 22nd in dallas mary is in kalamazoo michigan hi mary welcome to the ramsey show hi hi dave oh my gosh what a privilege it is to speak with you you too um oh thank you um so i have something kind of weighing heavy on my heart, and I was hoping to seek your advice. So I'm 31 years old. My husband is a couple years older than me, and my daughter is six. I have a very close relationship with my parents, and they're in their 70s.

They recently informed me that my daughter and I will be receiving a little over a million dollars in inheritance when they pass away, which is wonderful. That's very generous. What I'm having a hard time with is I'm adopted. They're not my biological parents. And they also informed me that my brother, who is my father's biological son, will not even be receiving half of that. And he and I don't have a good relationship anyways. I mean, it's civil. We're not close by any means. He's 20 years older than I am. Why the discrepancy? And I think it's because they don't have a very close relationship with him.

He's from my father's first marriage, and they didn't raise him together. Okay. So how can we help? So my question is, how can I get over this guilt? And it's in one day pass. How do I maintain a good relationship with my brother when that happens? It sounds like you don't have a great relationship right now with your brother.

It's civil. We enjoy seeing each other, but we just have such a huge age gap and just completely different lives that we don't really communicate with each other that much yeah okay i think you need to free yourself of this because it's not a decision you made so there's nothing to feel guilty about there's relational equity that you have with the family and that turns into financial equity with the inheritance the um guilt would be if you did something you didn't do anything so and i think it's probably named wrong uh instead let's name it something else because i i get that you have angst about it i i get that you feel kind of like why you know this is gonna not gonna go

well and i'm gonna get blamed you know that's kind of how it feels right so i don't i don't know what we call that but guilt would be if you did something wrong you didn't do anything so this is not on you um you know unless you manipulated your parents into a bigger inheritance but that's not what you said so i'm going. So I'm going with your story. So first, let's just say out loud your parents are cowards to dump this on you. They should call him up and tell him what he's getting and what you're getting. They did that with you. They have informed him.

That you're getting a million and he's getting a half he's getting about 300 000 okay have they told him what you're getting i believe so they thought that they would all right so i had asked them to that's good that's what they should do i'll retract my statement that they're not cowards then if they did that because they're dumping the problem of the relational angst on you upon their death if they don't handle it while they're alive and so we tell people read the will while you're alive and tell everybody what they're getting and if somebody's going to be pissed let's go ahead and deal with it while i'm alive and so if they've done that then i guess brothers already got it figured out that you didn't do anything. He already knows.

Okay. I would verify that they did that with her, with them. I mean, you told him how much I'm getting and how much he's getting. If not, you should, Mom and Dad, because it's not fair to leave me looking like the bad dog, the bad person at the end of this story, i didn't do anything here right okay and if they do that then maybe brother just looks at it and goes okay i don't really talk to him that much anyway and she hangs out over there all the time i get it like i have a relative who will leave 100 of their money to one child and will leave the other child

nothing who they have no relationship with and that's completely understandable i have a relative that's doing that right now and i agree with it by the way and that's okay but but you shouldn't you shouldn't get you're not entitled to money just because of your DNA. You're entitled to money if somebody wants to leave it to you. It's their money. They get to do with it what they want. And so he has no real gripe to start with. And so he's $300,000 ahead of what he should be probably.

The big thing is not letting his resentment and anger towards her be a reflection of her character. Right. Because it has nothing to do with her. You didn't write this narrative. You just are in the story. You didn't write the story. And so I get that it feels icky, and I really don't disagree with you about that. But the only way to remove that is when stuff is awkward or weird,

the best way to clean it up is shine light on it call it out and all the roaches run to the corner as soon as you turn on the lights and so if you'll go ahead and just call it out if they've already called it out then he has the opportunity to interact with them and if he wants to be mad at you i guess he can be he may call you and say i'm pissed at you i don't know but at least he can get all that out of the way now before the money actually transfers and um and even then you just go i didn't do it you know yeah you have a conversation with him go hey i know this is weird i had nothing to do with this i still want to have this relationship with you i love you yeah you know and you move on from there and if he can't handle that that's on him that relationship can't move on exactly this is not. She's just a good person with a big heart, and she feels that weight.

She's just sweet. Well, you feel, it is an awkward as crud thing, but the way to get rid of the awkward is for mom and dad to tell him the same thing they told her. And the why behind it. If the why is, if they can do it without being nasty, you know, and just go, this is just our decision. And, you know, you don't even have to you don't have to hurt his feelings too you know just tell him what he's getting is what she's getting and

leave it at that i yeah but this is why you do a will and this is why you read the will out loud before you die to all parties concerned so that everyone knows what's going on and you can go ahead and get all that weirdness out of the way. And that's a good question, and you have a good heart for worrying about it, but I think it's on him and on them. It's not on you. She's got to release it. We'll be right back. George Campbell Ramsey personality is my co-host today. Thank you for joining us, America. It's a free call, 888-825-5225.

In the lobby of Ramsey Solutions on the debt-free stage, Scott and Militia are with us. Hi, guys. How are you? Doing well, Dave. How are you? Welcome, welcome. Where do you guys live? Fort Worth, Texas.

All right. Welcome to Nashville. And all the way here to do a debt-free scream, holding the big red thermometer all the way filled in. I love it. How much have you paid off? $189,900. Woo!

I love it. How long did this take? That was five years and one month. Wow. Good for you. And your range of income during that five years and one month? $185,000 to $210,000. Nice income. What do y'all do for a living i'm a

nurse and i'm oh sorry and now i stay at home but and i'm a fireman ah awesome two uh two service two people who serve sir thank you very much thank you pretty incredible 190 000 over five years am i gonna guess right when i say that's your house yes you're half right half of it was a rental house and half of it was our house okay but you're a house and everything looking at weird people yes yes i love it way to go you guys so what's this house worth and this market probably about 450 i bet i bet i love it wow a rental property. What's a rental property worth? A rental property is probably worth about $200 right now. All right. Very cool, guys. Excellent job.

Thank you. How does it feel to be your age? I mean, you're youngsters. How old are you? I'm 38. And I'm 44. Ah, just pups. And you got the house paid for. We have our house paid for. Yes, sir. Thanks be to God. Dave, we got to tell you something, though. This is the second time we. We have our house paid for. Yes, sir. Thanks be to God. I love it. Dave,

we got to tell you something though. This is the second time we've paid off our mortgage. Okay. So the first time we were debt free actually was in 2011. 2011. So this took us five years and one month. But if we go back to the very beginning, we got married in 2005. I was introduced to you, Dave, and to the baby steps by a guy that I worked at the fire department with we would listen to you in the ambulance on our way back from the hospital after transporting somebody so a little scary okay yeah but he was getting out of debt at the time and I'd never heard of you so we would listen to your show and you made a lot of sense to me and I took your plan to Molossia and we talked about it read your book and we decided that was the financial future for our family. The plan to get there, it was so simple, but such a great roadmap. And from 2006 to 2011,

we paid off two cars, our previous house, and a small rental property as well. And so in 2011, we were totally debt-free. She was in her 20s, I was in my 30s. And over the next five years, I don't really have an answer for you as to why, but we decided to go day-vish. I can't really say why. I wish it was a straight line from there to here, but we took a little turn. We bought the second rental property, not for cash, and we decided to move up in-house. So the previous house that we had, we sold and we moved up in-house. So that's where we found ourselves five years and one month ago was with the 189.9.

What activated you to get back on? Go ahead. Well, we had already had such success with your program from early on in our marriage. Like he said, I was only in my late 20s and we were looking at our finances and saw that we already had a paid for house, paid for cars, no debt. And we knew this was the way we wanted to live forever. Except for that part where you didn't. Except for that detour, yes. You joke with people, you're like, hey, if you don't like not having a mortgage, you can always go get another one.

It wasn't that we didn't like it, but we did go get another one. I think over the five years that we didn't have a mortgage, and it was like kind of a little slippery slope. You know, you start to forget a little bit, and you start to get a little too cushy. I guess at least that's how we were. It wasn't like, oh, we have everything paid off. Let's just go party and forget all about Dave Ramsey.

It was just like the five years just was kind of a slippery slope, and then we ended up wanting to change communities and move and things like that and we wanted molesti to be able to stay home and so now you busted it for five years and got out of debt are you gonna do it again never no never again convince me why not i think well so i will say this the first time through uh michael was not yet born and jonah was very little our lives were very different uh and this is going to sound like a first world problem, but it was not that difficult for us to do the first time. The second time, it took a long time. It took longer. It was more arduous. Our kids were older, so our lives had changed drastically. We were doing more things, more activities, more expenses. And so having to be patient for that

five years and one month was a tough, tough task. So I never want to go back again. So by the time you got done, you were really sick of it. Yes, sir. No, we were mad at it. We were. Yeah. Sounds like the more sacrifice you had to make, the less likely you were to ever do that again. Oh, absolutely.

The first time you didn't feel the pain as much. Precisely. Yeah. It was just the two of us. And so we could pick up all the overtime we wanted, and we just threw everything we could, just the two of us. But we didn't have many outgoing expenses and things like that and so yeah so i think we just thought it would be just as easy but the second time around it wasn't we had kids in the mix it changes everything we had kids and more expenses and it was harder but more rewarding because we did it

with our family yeah yeah we got to teach them the lessons along the way too which was really they they colored in this little thermometer for us every time we made a payment. Stayed in the lines. You can see the coloring job. Now that you're done, you don't have a payment in the world. The rental property's paid for. You got other rental properties still, too? We have two total, and that's it.

What's the other one worth? That one's probably worth about $150. Okay. Wow. All right. And so you're, with retirement and everything, you're easily Baby Steps Millionaires, right? Yes, sir. Yes, sir. Way to go, guys. Yes, sir. Thank you. And 40 years're with retirement and everything, you're easily Baby Steps Millionaires, right? Yes, sir. Yes, sir.

Way to go, guys. Yes, sir. Thank you. And 40 years old. Man, that's amazing. I mean, that's very good. Okay, so how's it feel? Fantastic.

Amazing. Fantastic. It's almost surreal to even be here on the stage, to be quite honest with you. We said all the way through the journey, like one day we're going to be on that stage with Dave. So here we are. I love it.

We are so grateful to you and what you imparted upon our marriage early on that kept us from fighting about money and helped us to always be on the same page about money and to make these goals, family goals. And I don't know what we would have done without it. So. Yeah. Wow. Way to go. It's amazing. Thank you. Well, thank you. We're proud of you you guys are rock stars man and our kids kids know your voice as soon as it comes on the radio i love it and all your songs yeah i look forward to meeting them and their names and ages let's bring them into the shot jonah is 12 uh-huh and michael is six all right very cool and they know what's going

on then yes sir they do they know their family tree has changed because of their mom and dad are awesome. Yes, sir. So what do you tell people the key to getting out of debt is? Well, I think it's get mad at your debt and make your money work for you. And the second time around, it's been more family focused. So about the values that you're teaching to your children, about giving yourself no answers and being okay with saying no to yourself and self-discipline and delayed gratification and all the things that we try to teach our kids i hope that they learn through our example

every time we said no and every time we tell them no and things like that life is about being able to accept those things and um and being able to um be rewarded in the future for that. Delayed gratification for sure. They saw me put super glue on my shoes and he zip tied his fender onto his car to make this happen. And also being able to live like crazy people. Yeah. Like weirdos. Well, you are weird now. You're officially weird.

I love it. Does he have a certificate in his hand? Is that FPU? What is that about? This is the Foundations in Personal Finance. Oh, he went through it. He went through it for middle schoolers. Oh, wow.

And they have both done Financial Peace Junior. Wow. Very good. Yeah, so we made this a family affair for sure. Oh, yeah. They're indoctrinated now. Absolutely. For sure.

That's awesome. We want them to be free. We want them to live free and be free. I love it. Yes, sir. I'm proud of you guys. Well done. We got a copy of Baby Steps Millionaires because you should be in that book.

That's perfect. That is your next chapter in your story, and you're already living in that. So very, very well done. A copy of Total Money Makeover for you to give away and wake someone up. So very, very, very good job. Pretty incredible story. Thank you. Scott and Malicia, Jonah and Michael, Fort Worth, Texas, $190,000 paid off.

That's their house, their rental properties, everything. Baby Steps Millionaires at 40 years old, five years and one month, making $185,000 to $210,000. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! scream. Three, two, one, we're dead free! I love it! This is the Ramsey Show. Thank you. We'll be right back. George Campbell Ramsey personality is joining me as my co-host today open phones at 888-825-5225 Meredith is in Tampa Florida hi Meredith how are you hey I'm doing all right how are you

better than I deserve what's up so found out last night that my rent is going to be increasing by 62 once my lease is up good lord 50 yeah to 1700 a month so i'm i'm currently working the baby steps on baby step two and i wouldn't be house poor per se i would still have a little bit but my shovel would be drastically dented. That's pretty amazing. Yeah, so you're paying, what, like $1,100 now? Yeah, $1,100 now. Were you under, you think you were under the market before

or the market has just jumped that much? I think maybe a little bit of both. Honestly, I feel like I've looked around since then and it looks like everything in this area, like people are just flooding to Florida. And so I think it's just driving up. And most things are comparable to the $1,700 amount that's coming around. So you either move down in quality of house or location, or you accept the increase.

Basically, yeah. And a lot of the apartment complexes around here are income restricted, so it's too much to move there, but also we'll be pretty strapped here. So I wanted to get your input. Would you sign the lease given the way the housing market is? The only thing I would wonder, the caveat to that, is if I don't sign the lease and I go month to month, it's a $100 difference, which I feel like it's pretty low for not signing the lease. So I don't know if it seems like maybe it would be best to hold off, pay the extra $100 a month, and if it seems like the market's going to go out. What's your household income?

$70,000. Whew. Wow. Is it a one-bedroom, and are you living alone? So it's a two-bedroom, and I have been looking for a roommate because I'm trying to really go cheetah in tents and all that fun stuff for Baby Step 2, which would have been great before, but now it almost feels like it's more than breaking even, but it kind of feels like it's a lot less of if I were to get a roommate. How much longer do you have with this Baby Step 2 with this increased rent? How much longer do you have with this baby step two, with this increased rent?

How much longer do you think it'll take? With the increased rent, I haven't run the numbers. I, again, just found out last night. So currently it stands I should be done by February of 2024, and that's without a roommate, without a side hustle. What do you do for a living? I'm an executive assistant. Okay. How far are you from work? without a roommate, without a site, I suppose. What do you do for a living? I'm an executive assistant.

Okay. How far are you from work? I am in my living room right now. Oh, so it's... I get to work remotely, thankfully. Okay, so it's remote. Yeah. Yeah. Hmm.

You could do some extra virtual assisting on the side if that's something you want to do to get the income up right now. I would probably also get a roommate, if you're're cool with that for a year to speed up the process because that's just a long time to remain in baby step two and not knowing what the market's going to do with rent yeah agreed so you would sign then and just continue to no no not yet i mean you've known about this for 24 hours so i'm going to, how long will they give you to make your decision? So I have until the 31st because it needs to be a 60-day notice. However, if I don't, I have to do a 30-day notice from that point onward,

well, from May 31st onward. So, you know, hypothetically. Yeah, I would say between now and the 31st you have a new know hypothetically yeah i i would say between now and the 31st you have a new hobby and that's looking at rentals yeah i mean you've scammed the market enough to ascertain that this is not they're not gigging you that this is just the new price in the marketplace you know they're they're not being crooks or something like that they've not done anything wrong uh and and you don't have a lot of options that are readily apparent. But that's 24 hours worth of research.

So, you know, I really think I'm going to go looking for that garage apartment out back of some rich old lady's house or something that, you know, that's 10 or 15 miles further out of your center of normal behaviors. That's a little bit less convenient convenient but it's half the price i'm gonna look for that needle in a haystack for a little while i'm not gonna bet my life on it but i mean boy if you could land something back down around a thousand dollars that was tolerable and was safe and clean and that kind of stuff um if it was a little bit inconvenient i'd rather do that uh but but you're not going to find that in the first 24 hours you know you're going to spend some time and effort to to find that property if it even exists i'm not saying it does a hundred percent of the time but one of the things one of my rules on decision making is when i have two possible options and both of them suck

i don't yet have enough options. That's a fair point. Okay. So I want to put more options on the table, even if they're uncomfortable for other reasons. Sure. You know, other than just price. The price is right, but it's uncomfortable because of dot, dot, dot. And I don't know whether the dot, dot, dot is tolerable or not. But after that, i'm with george yeah i pick up extra work and uh take in a roommate

and uh try to try to find another way to get at this housing angle and being remote i mean you could move further out to a cheaper area easy temporarily this is not forever but while you're getting out of date get that emergency fund in place and maybe sacrifice i mean i i'm the world's worst i mean we just moved uh moved in October for the first time. I don't move much. I can't stand moving. It's like having a root canal. But we moved about 20 minutes further away from downtown Nashville.

We were already about 25 minutes out of downtown Nashville. I don't go down there that much except to eat good food seen in Nashville. But now it feels like we're out in the country. We got to get up. We got to get a list and go to town. You know, it feels like, oh, my God. And it's not that much further. No, it's five, ten minutes.

But it feels like 15 minutes. But it just feels if there's an emotional adjustment more than a factual adjustment. Yeah, my wife dealt with that too we moved to the suburbs all these families and she's like i want to be near nashville where all the action is and i can tell well you know with a young lady like that you kind of don't want to be right down there in a minute though i mean my point is it's it's more mental than it is actual yeah sometimes to be further out and it might change the price equation substantially 15 minutes might say 500 bucks to be 10 minutes further out

depending on which direction you went and so on that that kind of thing is a way to think about it i'm i'm not saying that's the answer but um here here's a good thing to keep in mind all of you that are facing rent uh increases and real estate price increases and everything else the the you know one of the classes i took getting my degree in real estate was urban planning and generally speaking uh with no barriers which never exists but with no political or geographical uh or topographical barriers if you take the downtown area of a the central business district and you drop a pebble there the rings go out like in a pond and the further out those rings you go generally speaking it's cheaper now the exceptions are when one of those rings bumps into a piece of water the price might go way up or one of those rings bumps into a mountain

the price might go way up and the other side of that mountain might be way down because it's very inconvenient to drive around it or the other side of the bay tamp be way down because it's very inconvenient to drive around it. Or the other side of the bay, Tampa, hello, you know, that kind of a thing, right? So that ring theory breaks down when it bumps into stuff. Yeah. But generally, the further you go out into rule from the central business district of a major metroplex, the cheaper it gets, generally. Now, again, an exception will be political things. One of those is in Nashville is the county that we live in is out several rings,

but it is the wealthiest county in Tennessee, the 11th wealthiest county in the nation. And so house prices here are bonkers because of that. But it's the, quote, place to live so to speak that kind of crap there's a new neighborhood across from ours and the houses were starting it's all dirt still they were starting in 700 i just checked back in they're now 1.3 million dollars and it's still dirt they but they just up the pricing they just changed the sign housing beginning at yes prices beginning at mark through it mark through it mark through it and keep raising them because you can but that's but again the whole idea being that if you move out a little bit further

i will admit because i'm experiencing it personally that you have a bit of an emotional hangover in that you feel like that you're further out than you really are it's not that big a deal but because people that are laughing all around america right now they're hearing me talk about a 15 minute commute like it's a big deal uh because they're like try two hours and 15 minutes on a train plane automobile exactly bus but but the uh uh again just to challenge you because you can always when you're renting especially you can always move out a little bit because it's a temporary move. Renting is always camping.

It's glorified camping while we wait to get out of debt and build up the money to buy a house. So, good discussion. And boy, it's a big thing out there right now. This rent, it is something else. George Campbell, Ramsey Personality. Good hour. This is The Ramsey Show. Hey, it's John Deloney, co-host of The Ramsey Show. Did you know over 18 million people listen to The Ramsey Show every week? A lot of those people listen on one of our 600-plus radio stations across the country.

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