The Ramsey Show - App - My Unemployed Husband Bought a $300,000 Car and Refuses To Sell It (Hour 3)

Episode Date: August 3, 2023

Dave Ramsey & Jade Warshaw answer your questions and discuss:   EveryDollar, budget for the life you want today for free: Click Here "My husband bought a $300K McLaren before getting laid off and now refuses to sell it," Why whole life insurance sucks, from the blog: What Is Whole Life Insurance? "Should I buy a house with cash?" Why you should always pay IRS debt first from the blog: What Debt Do You Pay Off First? "How do I go to dental school without borrowing money?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Enter The Ramsey Cash Giveaway for a chance to win $3,000! https://bit.ly/TRSCashGiveaway Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving, and storage studios, it's the Ramsey Show. We help people build wealth, do work that they love, and create actual amazing relationships jade washaw ramsey personality is my co-host open phones at 888-825-5225 that's 888-825-5225 courtney starts this hour in san diego hi courtney welcome to the ramsey Show. Hi. Thank you so much, Dave. It's a pleasure to speak to you.

You too. What's up? I have a question regarding my husband's car. I am wondering if it would be reasonable for me to beg, plead, ask him to sell the car to get us closer to our financial goals and get us further out of debt. No. You shouldn't be begging and pleading your husband to get your financial goals in order. The two of you should be talking about getting your financial goals in order,

and then he looks around and says, oh, one of the things I need to do to do that is sell my car. Oh, I didn't expect you to say that. All right. I can do that. do to do that is sell my car yeah oh that I didn't expect you to say that all right I can do that I can do that I think I think he the two of you need to be so sharing of these goals that he looks around says what's best for the family is this so I mean tell me about the car what's the situation with it um he purchased a $300,000 McLaren knowing that he was going to lose his job. And he did lose his job in February of 2022. And he's been trying to build a business, a software company.

He spent $100,000 of our savings on the software company. And it's going a lot slower than he anticipated. And we're living on my income in Southern California. Which is what? I am a property manager and all of my properties that I've purchased are free and clear of debt. And I make $225,000 in rent, but a huge portion goes to property insurance, property taxes. So what do you take home?

Less than $100,000. And what was he making before? $300,000. Doing what? Software engineer? He was a CFO of a healthcare company. Okay. Okay. So, Courtney, the car is not the problem.

The car is the symptom of him doing extreme behaviors. Man. I agree. What's scaring and it's terrifying you. It's terrifying me listening to it. Yeah, it's really frightening. Yeah. I've prayed a lot about it, but I... I think he needs to hear you say loud and clear that he's scaring you to death.

You're terrifying me. This feels so irresponsible. The car in combination with the software company. The fact that you would go do that right before. It has nothing to do with the car in combination with a software company, the fact that you would go do that right before, it has nothing to do with the car. It's got to do with the fact that you would go do that right before you know you're losing your job and right before you do a startup.

How much savings do you have now? I know you said he pulled out $100,000. Now it's less than $100,000, and it's dwindling very, very rapidly. So you don't have any net worth left. You're using that to float your life right now. Exactly. Is the McLaren paid for?

Oh, we have a $150,000 car loan. So I was hoping that we could at least get the car paid off so that we wouldn't have that additional payment every month at 8%. So what I'm suggesting is that you pan back and that he pan back and look at your lives, and you may need to sit down. You do need to sit down with a good marriage counselor, with a good pastor, somebody to guide you that he will trust and talk to. Because if you pan back, what i would tell him if he was my buddy and he asked if he asked me i would tell him is your extreme high risk behavior

is terrifying your family you're traumatizing your wife it's completely out of line and you know it's almost like you're living a midlife crisis and dragging your family along with you. And so you need to get a job and sell your car, not because you need to get a job and sell your car, but because you need to do some actions that are not extreme, high risk, bizarre behavior to tell your wife you haven't lost your dadgum mind well it almost sounds like that kind of is what happened it's like this denial of before he was having this three hundred thousand dollar income is he 45 he's 52 okay close enough yeah like i've done this before okay it's like he's not accepting that that's not the reality in the moment. So here's what I'm saying.

There's something about the CFO thing going away and something about what's going on inside of him that's causing extreme behaviors. Or that's leading him to go to engage in extreme behaviors. These are desperate lurches, and that's what needs to be fixed. The McLaren is just a symptom of that. Does that make any sense? It does, absolutely. And so I don't think you're going to gain much ground that you want to gain by going in and saying Dave Ramsey said sell the McLaren.

I mean, he's probably just going to look at you and go, who the crap is Dave Ramsey I'm not selling my car and so um you know and so he doesn't really care what I think but but what I would tell you is if I were in your shoes and I think you you I think you're verifying you're terrified you're traumatized by his behaviors I think we if I were you I would coach you to i would to address that and then the mclaren getting rid of that is a if he if he calms down this these desperate lurches anyone with with a little sense of peace and dignity and destiny that's not lurching and you know reaching is going to immediately look up and go my we can't afford 150 000 car payment i mean it's just if you told me you had a 20 million dollar net worth that

may be okay but are you confident in this are you confident in his business venture like in your head are you going he's he's the type of guy that makes money he's going to do it or are you like, no, this is not it? Well, we've been down this road before. And so I'm cautiously optimistic if that's too evasive. I really, I can't even, I'm cautiously optimistic, but he's been trying to sell this software since February and- It hasn't moved. No, it hasn't moved. And so he does need additional income at this moment. And that is what he's been resistant to. And even on his birthday, which was just a few days ago, he told me he's absolutely not selling the car.

That is not because his daughter asked. Our 13-year-old said, Dad, you promised you would sell the car. Are you going to sell the car? And he said, no, never. Never selling the car. So I think there's something going on. There's an identity breakdown. He's gotten his identity into I'm a player.

And the car and the startup represent I'm a player. And I can't turn my back on either one of them because then I wouldn't be a player. And I'm a player that wins. That's what he thinks. And he's afraid he's not. He's afraid he's a poser. And so, yeah, you guys need some counseling, hon. I'm sorry.

I'm sorry you're going through this. It is terrorizing. You have a right to be very afraid. The conditions are not good. But the car is a symptom, not a problem. Jade Walsh, our Ramsey personality, is my co-host. Thank you for joining us, America. We are glad you're here. All month long, we're giving away cash.

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Free money, good deals, good deals, lots of helpful information. That's what we're about around here. RamseySolutions.com slash store even the store has a slash it does you're you're left out in the cold dave yet again stacy's in louisiana hi stacy welcome to the ramsey show hi thank you sure what's up I have a whole life policy that has been paid off. It's a $15,000 policy that my dad took out for me. And now the benefit amount is $47,399. So my question is, and I called them,

I can keep the death benefit at $15,000, and they're telling me I can move a portion of it to an IRA Roth and make 4.5% on it. And I didn't know if I should just leave it in there and leave it as a death benefit or just leave the death benefit at $15,000 and then use that other. What was the $47,000? That is the death benefit paid out now. The cash value? Yeah. No, the cash value is $25,000. So if you close the policy,

you get $25,000. Correct. Okay. Well, let me kind of reset the table for you before I tell you what to do, okay? Because you're using the phrasing that the whole life agents teach you, okay? That's why I'm calling you. Yeah. So as long as you're alive, there is a probability of your death. Agreed? Agreed. As long as there is a probability of your death there is a

cost to life insurance for them to cover you it costs them something because each year there's a chance you will die and and you can break that down by year if you're an insurance company that's what you would do it's called an actuarial table okay and so for for the fact that as long as you're alive there they cost them there is never a time that you have paid off a policy what has happened is is you have prepaid a policy they charged you such high premiums and your dad such high premiums in the early days that they never aren't going to charge you again okay that's thing number one okay how old are you i am 56 now i'll tell you this dave i know we paid like 69 a month yep forever years so it well no just for 20 years it's paid off yeah okay he paid and for 69 month, you could add a million and a half dollars in insurance.

Well, exactly. But this was 20 years ago. So that's what I'm not. It was the same cost back then. But the point is, is that you overpaid and prepaid. And so they finally quit charging you because they got enough of your money. Number one thing. Number two thing, a $15,000 policy, the interest on $25,000 would buy a $15,000 policy.

Right? I mean, if you took the $25,000 out and put it in a savings account, the interest would buy you a $15,000 policy. So you're paying for your policy in lost interest because this thing's not earning anything. That's the other problem with it the third thing is if you die um you said the death benefit is now 47 so this must be a mutual company they've been doing add-ons um it's knights of columbus yeah they've been doing add-ons okay yeah so you've been buying more insurance as you went along uh and so you've got a higher death benefit than $15,000. Now you have a death benefit of $47,000

because you've been using some of your dividends to buy additional insurance. Paid-up additions, they're called. Okay? And that's what's happened. And so all of this to say, sadly, this whole endeavor has not been a good move. Keeping it is not going to be a good move. If it were me, I would just cash it out and take the $25,000 and invest it. Period.

So they were kind of telling me I couldn't invest it through them. No, you can't. With this IRA. You can't. Okay. You cannot roll over a whole life cash value of $25,000 into an IRA. You can put $8,000 into an IRA if you have an earned income of that. But whole life life insurance is not in a retirement program.

It cannot be rolled to an IRA. That is not true. Okay. Now, they could take some of your money up to $8,000 and invest it into an IRA, and paying you 4.5% would be screwing you again, They could take some of your money up to $8,000 and invest it into an IRA, and paying you 4.5% would be screwing you again because a good mutual fund should pay 10% to 12% in a good Roth IRA, which is where you need to be with this $25,000. So their whole life agents, it's what they do.

They believe in it or they don't believe in it, and they know they're ripping people off, but either way they're ripping people off. But either way, they're ripping people off. And so what you need to do is go to a good smart investor pro and cancel this policy and take the $25,000 and put it in good mutual funds. You can put $8,000 in if you're married. You can put $16,000 in because of your spouse. And then the next year you could put another $10,000 in. So over two calendar years, you can get it moved into a Roth IRA.

But you could do that with or without doing this. You can put get it moved into a roth ira but you could do that with or without doing this you can put that much money into a roth ira anyway that's all this is my my head is spinning on this a little bit because i just did a little bit of just my jade math i'm like she said she's paid 69 for 20 years for 20 years to get a $15,000 death benefit. If you just, that math on that, it's $16,560. So she paid more money to get less of a death benefit. Yep. And we'll just, let's just go ahead because we just got to explain it to folks.

So there's two types of mutual funds, two types of insurance companies. There's mutual and standard standard is the stock is the stockholders own the company and the profits go the stockholders mutual is the uh state farm knights of columbus northwestern mutual yeah anything says mutual of omaha mutual is the policyholders own the company now and then they pay you dividends now let me let's walk this through okay if a company makes a profit it charged the customer more than the cost of the item and so if if you're the owner of the

company and the customer of the company and they give you some of the profit back, it's because they charged you too much to start with. So it's like a tax return. It's not a co-op. And so the Treasury Department has ruled that life insurance dividends are not true dividends. It was your money to begin with. Because it's just a circular thing. You gave them too much and they gave you some of it back. Tax return.

And so, yeah, it's like a tax return in that regard. I see what you're saying. But the Treasury Department has ruled it's not an income. It's not taxable. Life insurance dividends are not. State Farm, if you got a car and they send you a dividend, it's not taxable. It's because it's the return of a deliberate overcharge is what the treasury department says which is exactly what it is yeah so in in her case what they did was they

took that money instead of giving it back to her and bought more life insurance for her yes and that's called paid up additions and that's why she had a 4747,000 death benefit instead of a $15,000 death benefit. I kind of feel like that should be illegal. It's shady. I feel like that's very shady. The whole stinking thing is shady. Whole life life insurance is the worst. Mutual whole life life insurance is the worst of the worst. And guess what?

It's the payday lender of the middle class. You think payday lenders screwing the poor people? They are. All Life Life Insurance, payday lender of the middle class, right there. That's why their buildings are so tall. This is The Ramsey Show. Jade Walsh Hall, Ramsey Personality is my co-host today i'm dave ramsey this is the ramsey show hey if you want to help us out we could use your help because you're our entire marketing budget you guys thank you we don't have 300 million to spend on uh uh naming a stadium after us or buying a bunch of ads like so far uh but no instead we're just here helping you so if you want to help us out we could use the help and the way you could help us is subscribe to the show

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And that means by not being number 12, we're like the last one right there. So you can like the first thing you see with the with the, you know, all the rest of them are like all crime. That's right. All dead people and cereal and all that stuff. It's funny. No, there's i mean there's this american life there's some other uh news type things on there but uh we're certainly the only show of this type that's in that top 12 but thank you guys thank you thank you thank you

thank you very very much we appreciate you stephanie is in atlanta hi stephanie welcome to the ramsey show hi dave how are you can we help? Um, actually I have a question. I am, uh, I'm really excited because I am debt free as of this morning. That's great. Um, it was, uh, a little over $223,000 and I started, yeah, it was a lot. And I started, um, just shy of four years ago. And I actually took some of your advice and, uh, went to my, I made a really high salary, actually, um, 180,000, but I was one of those broke high salary people. Um, I had a fancy house and my daughter went to a fancy school and I had a fancy car and I went on fancy vacations. And it was kind of a, it was a fun, but, you know, go nowhere kind of road.

And I went to my employer and asked them if I could be failed to make extra income because I'm an operations manager. I asked them if I could do sales on the side and they said yes. And if I took, I paid off about $130,000 that way. Wow. And then, yeah, it took a couple of years, but it was kind of awesome. And then my company closed. The company closed this January of this year. And I got a similar job, but it pays only $100,000.

And so that, for me, was a huge, I mean, an enormous pay cut. Yeah. And I thought, oh, no, I still had student loans, $55,000 in student loans. I still had one big credit card and a car. And I wasn't there yet. So I did something that was very difficult. I sold my house. Wow.

Yeah, I sold my house. Wow. Yeah, I sold my house. And then I moved to where my family's from, because where I lived was St. Petersburg, Florida, very high cost of living there. And I moved back up to where my family's from, which is northwest of Atlanta, kind of that Kennesaw, Marietta area. And the question I have is a six-step that I wanted to say, yay for me, because I'm very excited. Uh, but I've

been, I'm an every dollar, you know, I'm on, I'm Ramsey plus and I did my budgets that way. And that was one of the ways that I kept track of everything. Uh, cause there were a lot of items to pay off obviously. And, uh, it's very exciting also when you're in the online or in your account and you can see everything you've paid off. And when I look at it now, like I was looking at it today, waiting to get on the show and I'm like, wow, I mean, I did that. First of all, why did I get into all that debt? But I got rid of it, you know, and it's a huge list. So it's very exciting to see it in the Ramsey Plus., my question is, so now I have, uh, 300,000 leftover from the sale and I want, I put 50,000 in my emergency fund. And so that I'm probably, that's probably overfunded,

but that leaves me with 250. Um, and I'm kind of confused. I'm 48. I'm kind of confused about, do I pay cash that money? Cause I'm staying with family right now. Cause I literally moved three days ago, which is fine. I mean, it's, it's a big house. It's fine. So I, um, do I pay cash for a house with that money or do I just put a large down payment and invest the rest in retirement? Cause I only have about, I don't know, 10 grand in my retirement account. account I have I have nothing in there right now and I only have like 20 years left you know so is it just it's just you no kids no you're not attached in any way in that I have yes I have yes I am I have a significant other and I have an eight-year-old daughter you're outside of Atlanta, pretty far out.

I would start looking at homes that suit your needs. You don't have to buy a big four-bedroom home. You're in not so much of a... Can you buy something for $250 that'll do? I haven't seen a lot for $250, but I've seen $295. You can get close. That's what you've got. It's $250, right? You have $250. She's got $250. lot for $250, but I've seen $295. That's what you've got. It's $250, right?

You have $250. She's got $250. I have $250. Technically, I have $300. You could have more, yeah. But that's $250 in the emergency fund. Because that was baby step three. Yeah.

You don't need $50,000 in emergency. You could have $30,000 and probably be fine. And if you needed to beef this up to $270 to buy something in cash. True, true. Yeah. Yeah. So you can find some stuff up here that, I mean, we don't need a big house for the three of us. So, you know, yeah.

And that range, the 275, 295. Yeah. And just for clarity, significant others don't have their names on deeds. Got it. Got it. This is just you buying a house and you you know you're paying cash for it what you do besides that is yeah yeah so you pay cash if i were in your shoes i would pay cash you would and and then there's two things there's two things that'll

happen later one is you're going to be able to because you don't have any uh any payments of any kind anywhere uh you're you're going to be able to, because you don't have any payments of any kind anywhere, you're going to be able to pick and choose the best possible career path without pressure. Oh, I have another job now. It just doesn't pay as well. I know. That's the point. It doesn't pay as well, though.

I heard that part. Okay. So I think you have proven in the past that you're worth more than you're currently being paid you took a job because you needed a job now you don't need a job as much and so it's going to mean you're going to adjust your career path in the next 36 months the second thing that's going to happen is you're going to start investing and building your nest egg so that you're a millionaire soon and you would be but fairly quickly at this process because you are so intentional and you're so focused and then the fourth thing that's going to happen is is you're going to save up a bunch of money also and end up oh probably five years from now you'll move up in

house and pay cash for the move up hey you said it's just the three of us this is not this is not forever a significant other and her kid okay her her kid or the significant other's kid that's what i was trying to clarify our kid okay got you got you yeah okay we're basically married we're just not legally we've been together for like get legally married what are y'all waiting for we didn't mean to not we did this kind of i don't know okay so you'll go you'll go this weekend it's kind of like the money stuff yeah it's intentional intentional instead of accidental yeah well congratulations on getting married yeah and debt free and selling a house and a move and a career you got quite a life going great yeah i pay cash because it's not forever is

my point okay okay you probably won't be there more than five years because i'm thinking okay if i'm 48 this year i have you know i don't think you're going to be there more than five years. Because I'm thinking, okay, if I'm 48 this year, I have, you know. I don't think you're going to be there five years. Okay. And you're going to earn more, and you're going to move up later, and you're going to invest and invest and invest and invest because you're currently worried about it, which is good, which makes you now intentional about that.

When you were worried about the debt, you got rid of it. And now that Jade's got you worried about getting married, you'll get married. And so now whatever you worry about, you attack it and get it done. And so it's all good. And that's a good thing. That's how life works. And so she didn't know she was getting married this weekend until we informed her. So that's exciting.

It's good. I mean, you know, you can get a lot of information on The Ramsey Show. That's right. That you didn't ask for. It's totally free. It's completely free of information on The Ramsey Show. That's right. That you didn't ask for. It's totally free. It's completely free. This is The Ramsey Show. Our scripture of the day, Psalm 2713.

I remain confident of this. I will see the goodness of the Lord in the land of the living max locato says god does some uncommon things through common people in common places yeah we kind of prove that around here every day yeah we've had a lot of uncommon uh impact and we're a bunch of common folk doing it, I'm just saying. Open phones at 888-825-5225. Jade Walsh, our Ramsey personality, is my co-host. Rachel is in Dallas. Hi, Rachel. Welcome to the Ramsey Show.

Hi. Hi. Thank you so much for taking my call today. Our pleasure. My husband and I have been trying. We've done day dish for about 10 years, and we've made every mistake you've ever told anybody not to do. And if you saw us in person, you would probably flick us upside the head.

Not you, just your husband. Well, maybe, maybe just him. So my problem is we are trying to be, we're trying to actually do the baby steps without actually doing the baby steps this time. My problem is is when we line up our debt we have a huge bill to the IRS and we owe currently about $25,000 and so it would be our biggest debt next to the house and so I think I know the answer is that we don't put that at the bottom of the list we would attack that first. That's right.

Right? That's right. Yeah. So what do you owe on your home? $280. What's it worth? About $300, $320. $320.

Is your credit screwed up with all these other problems you've had? No, our credit is fantastic. We have a huge credit score, Dave. Okay. I would go to the bank and talk about some kind of home equity loan. I'm not sure you've got enough equity to do it, but if you can pull $25,000 off your house and pay the IRS off, I would. Yeah.

Because I'd rather owe the bank than the IRS. The IRS has the highest fees, the highest interest, and almost unlimited power to screw with your life. Yeah, and they're doing it. Yeah, I would want them out of my life as fast and as much as possible. You don't want to deal with the KGB if you can help it. So if you can borrow from anybody, you're going to have a better deal than they're giving

you and get them out of your life that's that's going to be i'm and so is dave ramsey telling you to borrow money no dave ramsey's telling you to take one kind of debt that you have and move it to another kind of debt so it's not that's not that's not new borrowing we're just transferring we're changing the shape of the debt uh to make it better to make it more manageable. What's your household income? It's about $130,000, about $125,000, $130,000. Okay, good. And where did the IRS debt come from? A stupid mistake with zeros on it.

My husband pulled, he left one job and decided to have a little fun for a while and pulled a whole bunch of money out of his 401. Okay, so it's a one-time stupid thing and you know not to do it again. So it's not going to reoccur. Oh, absolutely no. I'll kill him first. Yeah, okay. Yeah, and so we're really...

Well, the taxes are still due if he's dead, so let's just keep that in mind. At least I'll have a good life insurance policy board, though. Well, until they discover the murder part. I can't listen on that part. So all joking aside, have both of you had enough of this? Are you both on board? Yeah. Yeah.

Because what you describe with him is an unbelievably irresponsible act. Yeah. That's not an ish. That's not a sort of today, Ramsey. I just went off the deep end of insanity for a few minutes. Yeah. And I can't fully blame him because I had some fun in there, too. But, yeah, we lived like kings for a year.

Well, this is the kind of fun that leaves a hangover that lasts for years. It definitely does. Yeah. So, yeah, I'm ready for being the guy. The thing is, yeah, I would go borrow on my house as a part of my complete life transformation, but not as a way to try to escape responsibility for my stupid actions. Yeah. So if you're going to go play all the way through and get all these debts

paid off, yeah, do that. But if not, what I'm telling you is not really going to help you. It's just a small part of the overall thing. My concern would be if I borrow from the bank, and this is going to sound stupid, I know, because I know the answer, the interest rates right now are much lower than the IRS. They're still going to be better okay they're still going to be better okay because you're also getting compounded late fees yeah the penalty the penalties are what gets you with the irs and do they have unlimited they can disrupt your life they can come just take your paycheck or put a lien on your house or i mean their power is no other creditor has anywhere near the kind of power they have. I mean, banks, if they wanted to sue you, it would take them forever.

If they want to foreclose, it takes them forever. The IRS just slaps people around at will. And they do a horrible job communicating with you. You got to wait for a letter in the mail if they decide to send it. You really don't want to be at their mercy. It's not worth it. And so, yeah, I really don't care about the interest rate. Because, again, let's say that all of a sudden one of your checks was gone.

See, that's a bigger deal than interest rate for you getting your life straightened out. Yes. That's why I'm doing this. So, yeah, I want you to get control of the variables that we can control. Dax is in Salt Lake. Hi, Dax. What's up? Hi, Dave.

How are you? Better than I deserve. What's up? Great. So I'm 25. My wife is 21. And she, for the most part, has been able to stay out of debt and do okay as far as that goes. But she's looking to go into dental school,

and that's expensive, as I'm sure you know. And I'm just trying to figure out the best way to just me and her, how we can, if there's alternatives to going into getting student loans, and if not, what's the best way to approach that? This sounds like she decided this this morning, the way you described it. Not exactly. She started going to school for software engineering, and she hated it. And this has been something we've been thinking about for a few months now yeah i wouldn't do it i wouldn't do it i think it's bs how much did she spend on the

software engineering um so at that point her mom was able to help her with that so there's no student debt you have no student debt right now here's the thing okay she is not completely sold out bought in on this she's 21 years old and this is a 500 000 decision and there's not a chance i'm doing this not a chance and certainly not going to go into debt to do it because here's the deal let me just tell you you go five hundred thousand dollars in debt to be a dentist four hundred thousand dollars in debt to be a dentist you're a dentist even if you don't like it toughy wuffy you're a dentist because you have to clean this freaking mess up you don't get to change your mind and decide you hate it later because you just dug the biggest freaking hole you can't even see out of please don't do this right yeah you're not gonna do it that you are not gonna do it you don't want to tell your wife no dude i'm telling you please i'm begging you do not do this you here here if she wants to be a

dentist let me tell you how to do it this will end the whole conversation join the military they'll pay for it mic drop she's not doing that no no she doesn't want it that bad nope uh she might change her mind and not like it yeah nope nope nope nope nope nope someone who just changed their mind after working on a degree for three years because they hate it and three months later wants to go five hundred thousand dollars in debt if she told me she wanted to be a dentist for the rest for her whole entire life and you just ran into her and your part you're grafting into the story of being a dentist that's a different conversation i'm not going to tell you to go into debt to do it then but in this case i'm going to beg you do not do this not to mention if she had paid for the education of the software degree or if she had

to carry the debt from it no way she'd be making that choice absolutely absolutely please don't do this but they're gonna do it yeah we will do a moment of silence for them right now yeah that puts us our the ramsey Show in 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. Hey, what's up, guys? It's Jade. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter

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