The Ramsey Show - App - My Wife Wants To Borrow $7K for MLM Training! (Hour 1)

Episode Date: June 7, 2023

Dave Ramsey & Dr. John Delony answer your questions and discuss:  Buying siblings out of an inherited home, "My wife wants to borrow $7k for MLM training", "Should I sacrifice time with my son to get out of debt?" Selling a rental house, Withdrawing from a 401(k) to pay off debt. from the blog: The High Price of a 401(k) Withdrawal Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 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, where we help people build wealth, do work that they love, and create actual actual amazing relationships. Thank you for joining us, America. Dr. John Deloney, Ramsey personality, number one bestselling author,

and host of the Dr. John Deloney Show, one of our more popular shows these days on the Ramsey Networks. So be sure you check all that out. He's my co-host today. Open phones here at 888-825-5225. That's 888-825-5225 that's 888-825-5225 kirsten is going to start this hour off in fresno hi kirsten how are you hi i'm doing great good what's up um well um sadly my parents both passed away in the past year. Oh, I'm sorry. And I have, thanks, I have three siblings.

Sorry, I'm nervous. That's okay. I have three siblings that, and I, that my parents had left the house to us in the trust. And it's just a little awkward now because I had been taking care of my parents and living with them for the past five years. So this is the house without um having to sell it or move out because it's really the most affordable thing that i can afford right now since i've been working just part-time taking care of my parents and then how long how long have your parents been gone honey well my mom passed away january my dad was about uh eight months before then I'm so sorry. Yeah.

Okay. So it's been six months. Yeah. So what are your career plans? Well, before I was taking care of my parents, I was in the garment industry working as a fashion designer, and I'm trying to, well, I am getting my portfolio together and looking for a bigger know, a bigger paycheck. And so that will help.

When? I'm sorry? When? You haven't been taking care of your parents for six months. No, I was taking care of them for about... No, it's been six months since your dad's been gone. Yes. And your heart is broken.

But when are you going to get a job well i have had my part-time job but i am looking for my previous career job for six months um i haven't really started i thought so but yeah the past month well the past week yeah yeah the greatest way you can honor your mom and your dad was to have given them what you gave them which is your time you're the one that took on the role as caretaker it's an incredible gift the next way you can honor your mom and dad is to truly live and cherish every minute you got left. And you can't do that when you're worried about not eating and not working. And you're going to have to take on the responsibilities, the shoulder, the responsibilities. And what you're going to find is when you start carrying that weight, your body's designed

for that. It's going to feel great. The reason I'm asking all this is if you buy this house from your siblings, you've got to be able to afford to pay it. And right now you can't. Yeah. So I got, I got to,

I got to work backwards into a job. That's why I started there. And that's why I pushed on you so hard. Cause I love you and I want you to win. Okay. So what is the value of this house? Um, probably about three 50.

Okay. Is it paid off? No. What do you, what's up? What's owed on it? A hundred and 78. Okay. All right. And, um, paid off no what do you what's what's owed on it 178 okay all right and um do any of them want it no they all have their own houses and there's three others there's four of

you correct yes four of us okay so each of there's not a big bunch of money going to come out of this. You understand that? Right. $25,000 or $30,000 a piece. Yeah. Okay. And so if you were to land a good job in the fashion industry, what do you think you'll be making? Probably at least $80, 80 a year. Okay. All right. Good. Well, I mean, you could go and get a home equity loan and buy them out. There's enough equity in the house. Keep the first mortgage in place.

Just keep paying it and then go get a home equity loan and buy them out. There's nothing wrong with that plan. But the thing that is wrong with that plan is you can't do that now because you don't have any income. You can't even pay the first mortgage right now. How how you been paying the first mortgage for the last six months well my parents uh oh they left some money yeah and she had an insurance um a mortgage insurance that would pay for 10 months so the mortgage is definitely paid for 10 months there there is a train coming at you through the tunnel that you are ignoring. Yeah. You need more urgency on getting your income going.

Right. Because if you don't, you're going to lose this house. Yeah. I'd get a full-time job and get my portfolio together in the evenings and on weekends. Yeah. Tomorrow, I'd go get a job. Full-time. Yeah. And then I'd get another job, and then I'd get another job. I think you need to be working all the time. And I'm going to tell you something wild. You're going to find healing

in those little, not to quote Dave, but to quote Dave, those little baby steps of achievement and accomplishment. You're going to find healing there. Yeah. So I think you can buy them all out. And the way you do it is you take the current value of the property times 80%, because that's about what they'll net, minus the mortgage, and divide it by four. And that's going to put you at about $25,000. And so you need about $75,000 to buy them out. And a second mortgage HELOC will do that if you've got a good job you can get that yeah and then you transfer the property into your name out of

the name of the trust and you buy them out if that's what they want to do but that's all they're going to get if you guys all just gang up and sell it which also by the way Kirsten is an okay idea not a bad idea to sell this house before you screw around and lose it be sure you sell it yeah don't let it slip away because we're just i would definitely do that if it came to that it has come to that you have three months before this insurance runs out i mean there's a fire here you know i don't sense you are i don't sense any urgency in your vocal responses yeah it's almost a numbness to the whole thing yeah the problem here i say as much as we love you this doesn't go away no it's gonna get worse every day taken from you

every day every day you're going to get more desperate. And you know who sells real estate super cheap? Desperate people. That's who give away property. And rich people come by it and do well. And get richer because they're not desperate. So, Dave, tactically, would you have to go through a real estate agent to split this up? Because I want to do it in writing you just have to go get an attorney and have the title title transferred to her uh with a with a quit claim

deed from the trust to her and in order for that to happen her siblings have to sign off and they get 25k a piece at that table where they sign off because you got to know you got to you've set up a simple home equity loan and so you know you got 75k on top of 180K. So, 255,000 over on a $350,000 house. That's not bad. That's not a bad situation. It is a bad situation if you're unemployed. That's an important part of this equation, y'all. This is The Ramsey Show.

Thank you for joining us, America. Dr. John Deloney, Ramsey Personality, is my co-host today. The question of the day is brought to you by Neighborly, your hub for home services. Spring is here, and Neighborly can help keep your home and yard in top shape with the ground skies, Mosquito Joe, molly made and more so spend time enjoying your home not working on it go to neighborly.com and find the service pros in your area all right today's question comes from clark in los angeles clark writes we have three thousand six hundred dollars in our bank account but my wife wants to join a six-week MLM training course for $10,000. It's her way or the highway on this. She was

approved for a $5,000 credit card and she applied for a $2,000 loan with our bank. The deposit on the course is $3,000, which she would take from our checking, leaving us with $600 in the bank. Then there's the payment plan. She's already been doing MLM for four years, which we have made zero profit on. Am I crazy to be mad about her on this matter? I need your help. Dave,

I'm actually mad for Clark. It's frustrating. It's frustrating. This is somebody who's out of control. Yeah. Yeah, it is's out of control yeah yeah it is out of control yeah and the the one of the most aggravating things about people that get into mlms not everyone but but but some people that get in it they take on this cult-like thing to where if you're not in it then you must be stupid and if you don't understand what i'm doing then you're an idiot

because only people that are smart do i mean all the smart people do this stuff and if you don't understand and they actually some of the mlms really some of the hierarchies within certain mlms will push that mentality we caught mary k about 15 years ago i don't know if they still do it or not they were telling ladies to uh use their credit card to buy the stuff and not tell their husband they're telling them from the stage to lie to their husband yikes and i'm like man that's some bad medicine right there ladies you guys are you guys are freaks this is nutty that's total greed run amok well that's looking in your checking account you're yeah sixty four hundred dollars off like i everything

you've mentioned says that um that this entire plan is stupid. Okay? It's out of control. But juiced up with a wife that says, I'm doing this because this is my way. Even though there's absolutely no track record in four years that she's ever made any money doing it. And there's no way to get this money.

They might get this two thousand dollar loan but i mean the exposure to the whole family over this deal yeah and she's she's putting everyone's she's putting aside common sense she's putting aside good financial decisions her marriage fidelity aside her uh her husband's wishes she's putting aside the good of her own family all for her to chase this greed. And this is greed. Make no mistake. Oh, yeah. Because this is I'm going to do this and then I'm going to be able to buy a yacht.

I'm going to live the dream, as the MLM people say. And so that is straight up greed. And when you push everyone, including common sense, good financial sense, your husband's wishes, the good of your family, aside for your selfish greed, you are a mess. You're a hot mess, lady. Yeah, yeah, yeah. You're messed up.

So now what does Clark do? I think you guys have got to see a marriage counselor. I think instantaneously because I always tell couples, man, you be real careful with my way or the highway. My way or the highway. Because people choose the highway. That's exactly right. And use that for very, very rare circumstances.

And she pulled it on an MLM training course. That's a pretty big waste of that set of ammunition. It's like being in Vegas and you're playing Texas Hold'em and they give you a two and a six and you're just like, I'm all in. That's a pretty big waste of that set of ammunition. It's like being in Vegas and you're playing Texas Hold'em and they give you a two and a six and you're just like, I'm all in. That's a bold move with this. So, Dave, just because Clark's the only one we got here, right? She's not a part of this conversation. If he has outlined it correctly, they got serious issues.

There's no question they got serious issues. This also feels like a power play. And sometimes there's power plays because people have lost their mind. They're just, they're jerks. They're nuts. They bought into something that is a cult and they can't see the forest for the trees. Sometimes people smash the other side of the teeter-totter because somebody else in the marriage has been holding it down for so long and so long and so long and so long.

And so Clark, if that's you, if you have completely wrapped this house up in this is my way of the highway and she finally says enough this is my way of the highway um then that's something you need to put on the table you may have reaped what you've shown there you go but if not brother i'm sorry um i would go see somebody this week and if she won't go you need to go by yourself because it looks like y'all are heading in completely different directions yeah this marriage does not last absolutely not without help nope this does not help does not last okay because she's she's ready to burn the place down for a dream that has absolutely no underpinning whatsoever. And she's ready to burn your family, burn you, burn the finances, burn everything, burn

the marriage all over a training course for MLM. Does that not sound like the dumbest thing you ever heard in your life? I'm getting ready to end every part of my life that's positive for that. Let me tell you, if you're in an mlm and you're recommending that your people downline do that you should have your butt kicked up around your neck and wear it like a collar you really should have somebody talk to you you're hurting people you're hurting people you are a manipulative unbelievable jerk and you've got to stop that and you're the reason that people hate mlms is people like you that do that now actually know a few human beings in mlms that are reasonable human beings absolutely and they don't

think i'm going to hell because i'm not in their mlm it's not a cult you know they believe in their products they believe in their products and it's their method of selling it and i'm not mad at them that's not the point the point is is that something about the MLM culture generates ever so often a company or a hierarchy within a company that promotes this kind of crap. Well, it goes back to what I think it makes me think of like Blockbuster. They made their money when their customers lost. They made their money on late fees and they needed their customer to fail so that they could make their money not the other way around if you're teaching people i lie to your husbands then you are making your money off a marriage that's going to fall apart you're making money off deception you're making money off hurting people and there will be an end game to your business you have to be about how can we help you not how can we lie to you what's the long play absolutely how does

everyone end up more whole healthy and prosperous when we're done otherwise your business will go if it's not about helping people yeah so i'll give you an example all right uh to go to entree leadership master series i think the tickets are gone for platinum for uh april of next year okay there'll be about 3 000 people there there'll be some of the top speakers in the world and teachers in the world i'm very very proud of what we will be doing. But to sit in a platinum seat is just under $10,000. If you call me up and you say the way you're going to go to platinum, as good as platinum is, and it might be in the platinum experiences,

and as good as Entrez Leadership Master Series is, might be the best leadership conference in America today, bar none. I mean, I am so proud of what we do there. We just completed one. You've got high marks on your speaking there. It's absolutely incredible. Dr. Jordan Peterson, Willie Robertson were there with us, and Malcolm Gladwell were there with us.

It was an incredible, incredible event. And we had guys on the front row that paid almost $10,000 apiece to be sitting there in that Platinum section. If you call me up and you say the way you're going to come and sit in the platinum section at Entrez Leadership, as proud as I am of it, and as I know it's worth every dime, is that you're going to clean out your bank account down to $600, and you're going to go against your spouse's wishes, I'm going to tell you I don't want you as a customer.

And you're borrowing $7,000. Yeah. You need to stay home. Absolutely. I do not want your money. You need to stay stay home because i don't want your marriage's blood on my hands i don't i don't this is not what i do right i don't do i mean i i sell something like a ten thousand dollar weekend is my point and never one time have we knowingly accepted a situation like this and encouraged this is the way to get ten thousand dollars out of somebody nope nope

don't need the money that bad boys and girls i gotta sleep later it's not that hard of life you know this is just wrong so honey clark get your marriage counselor because when your wife says my way or the highway on anything this is known as a flare was just shot up off the deck of the boat warning warning and that boat is going down. This is The Ramsey Show. Dr. John Deloney, Ramsey personality, is my co-host today. Thank you for joining us, America.

We're so glad you are here. Tom is in Greensboro, North Carolina. Welcome to The Ramsey Show, Tom. Hey, how y'all doing? Thanks for taking my call. Sure. What's up? All right, so I'm going to get right to the point.

I'm in financial peace. I got every dollar. But my dilemma is that I share custody of my son. My schedule allows me to have him on the days that I'm off. But if I'm going to pursue getting out of debt as quickly as I need to, it would result in me having to give up some of those days. And that is the part that I'm struggling with. How old is he?

He's one. How long have you all been divorced? Over a year. I'm so confused. He's one and you've been divorced over a year? Yeah, so it happened all kind of at the same time. Okay. Yes, sir.

So about the same timeline. Okay. Yes. Yes. So we'll make him the same age as the divorce okay that that helps me a little all right and so um all right now uh um what do you do for living uh drive a truck over the road uh no i'm local so you're working 40 hours uh i well with overtime um i'm looking at about 90 every two weeks 45 hours yes sir okay and um how much debt do you have um so total debt is let's call it 27k it's 26 729 and what do you make now um so my take home is 60k okay so your typical day

when you're driving truck not when you're with your son you go to work at what time uh about 10 a.m okay and you drive then until about 8 p.m.? 8 p.m., yes, sir. Yeah, okay. All right, that gets you your 45 hours. Yes, sir. Okay. What about on the days you don't have your son? You're at 50-50, you said?

Yes, sir. What days of the week is that? I'm sorry, say that again? What day of the week is that? So we work on a 2-2-3 schedule. Okay. So it rotates every week. So basically in the two-week period, I get him seven days out of that two-week period.

Okay. And I'm just struggling with do I want to give up one of my days and have a babysitter or have a family member watch him while I go and work. If I was you, I would be pretty intentional about getting up at 5 a.m. on the days I don't have to be in until 10 and drive Uber and Lyft in the morning. So I am doing a side hustle as well. Okay. That kind of tacks into the... What is that? So it's Amazon Flex. Okay. All right.

So you're doing that in the mornings before you go to work. Yes, sir. So in a strange way, and Dave, you've done this longer than me on this particular question. If this was inside your home, if you and your wife and your boy lived inside in the same house, I would tell you, hit the gas, work seven days a week, and get this $27,000 off your chest. Yes, sir. The fact that this is broken up in this way with how rapid a one-year-old develops, six months of no dad is glaring. It's too much. Yeah.

I'm with you i'd rather slow the roll on paying off the debt and make sure i've got that time with my son because that time is precious what is the 27 000 in debt what kind of debt i'm gonna ask um so 20k of that is car god almighty sell your car it's your kid i know no you don't. You don't know because you had to ask. Why did you have to ask? And you didn't even want to tell us because you knew we were going to say what you already knew you should do. It's your kid. Don't trade your car for a kid.

Yes, sir. Sell your stupid car this week. What kind of car is it, Tom? It's a Honda Civic. Oh, my God. Don't trade a Civic for a kid for sure tom not even a really cool car i mean come on yeah if it was like a mercedes well i mean if i mean not if it was a you know a vintage camaro i mean give me a oh my gosh no i mean no i'm

kidding around tom but hey really this why really you got this figured out. You've thought through it. Get you a $1,000 car and take care of your one-year-old and get your butt out of debt and live on beans and rice, rice and beans, and do not miss a single day that you have available for this child. He is the most important thing in this conversation. I will affirm you as being a good dad. You have a good heart. You were aimed at the right thing. You knew you needed to do that, but you were trying to make the math work and keep the car and so we get to

tell you the classic ramsey show line sell the car yes sir are you gonna do it yes sir good how old are you tom i'm 32 and you're a good man this kid hey this kid This kid's lucky to have you as a dad. And here's what Dave and I are also giving you. In about 10 years, he'll be 11. He'll make you real mad. And in a fit of rage, you can turn and stare him directly in the eyes and say, I sold a car for you. I gave up a Civic for you.

And then he'll be like, seriously? And you'll be like, yeah, that didn't go as hard as I thought it was going to was going to not much of a flag shot i thought that was gonna go way harder than it did man i gave up a civic i just don't think that could leave your mouth wow dad i'll let the school counselor know next time we meet sell the civic brother oh tom you're a good guy i appreciate your question tom you're awesome brother yeah here's the thing folks um very seldom are we as boxed in and trapped as sometimes we feel like we are uh because sometimes there's a simple thing you can throw a stick of dynamite right in the middle of it blow it up and you and you go, oh, well, look-a-there.

And, yeah, there it is. Oh, that's so great. But I do think it's important if you're in the household together and you're not making eye contact every day, but there is passing, they see you every day, then I'm going to tell you to go run and get this thing done because the long-term stress in your household is not going to be worth it. That that stress exists but in that case i would sell the car too a hundred percent yeah if i'm worried about i would drive the john deere if i'm worried about being there for my one-year-old a hundred percent i'm not trading a car for that

there's not a circumstance no not at all no not at all not happening. John's in Portland, Maine. Hey, John, welcome to the Ramsey Show. Hey, thanks so much for taking my call. Sure. How can we help? All right. So I've been listening for a while and love you guys' show. My wife and I have been doing really good at paying down everything.

We owe right now about $171,000, and $115,000 of that is on a mortgage in the house we live in and 56 000 is my student loans which i've actually paid down from 180 000 to the job john so we're at the point now where we don't owe anything else. We own our cars. We own everything else. We have about $300,000 not in equity in the house we live in, but that's what it's worth now with $115,000 balance. And we actually paid off a rental property that we owned two years ago when I opened my own business and tripled my income. So we're at the point where we've been letting our grandmother live there as kind of like a mitzvah, like as a good deed, and she's ready to move out because she has dementia, unfortunately. And the market is fantastic, obviously, especially in Maine. Price values have gone up and are staying here.

And we don't know if we should invest a little bit of money into the property and continue to rent it or to just take advantage now. How much is a little bit of money into the property and continue to rent it or to just take advantage now. How much is a little bit of money? What's the property worth now? What would you invest into it? Why does it need investment? Because it just hasn't, our grandmother moved in. What do you need to spend quickly?

Probably $60,000. No. Not where you have $60,000 in student loan debt. Yeah, that's what I was thinking. It would take years to get back what we could just make for one-time profit. If you can't fix it up for a few thousand dollars and get it going, you probably need to sell it. But otherwise, I'd try to keep it because I love the idea of keeping a paid-for rental property

and knocking out $56,000 when you've had all this other success. And if the house rates are going up, people are going to rent it. We're not going to turn this thing off that's been working and go over and fix a rental house for $60,000. Now, if you want to spend $5,000 or $10,000 on it, you can probably pull that off and still get your student loan paid off by Christmas. Let's go do that. Keep the rental. But no, not $60,000. This is The Ramsey Show.

Dr. John Deloney, Ramsey Personality, is my co-host. Open phones at 888-825-5225. Debbie is in New York. Hi, Debbie. Welcome to The Ramsey Show. Hi. I have a quick question for you. I am a surviving spouse, age 72, of a Vietnam vet.

He passed away 32 months ago with service-related injuries. We had filed for the VA disability benefits back in 2017. It was documented, proven, submitted. I did it myself because no one was available to help me. It was denied, but I appealed. And now it looks like I have won the case. However, they're not coming through with anything. They said the claim is now at a regional office in Buffalo, New York, and that I would be receiving a letter showing the VA money or what they call the VA rate with the rate of disability. And if additional benefits were to come to me like medical, dental, vision,

et cetera. So I don't know what the amount will be or if it will be. I call them, honestly, every week because I don't want to fall through the cracks. Good for you. And I know I have to keep on them. Good for you. They keep saying they are backloaded because of the pandemic. They don't have enough support.

You know what helps that backloading? Yes. Whining, nagging widows i love you you're awesome yes you're a gangster debbie you are getting it girl i love you that's what the man at the va told me he goes i can't do any more than you've done because you are like a uh like a force of nature and I will not give up. I can tell. He died of congestive heart failure in stage four kidney disease. They lost the records. They found the records. Now they tell me I'm top priority, but they don't know when it's going to come through.

However, in the meantime, I have been paying off our medical debts. I'm down to about $5,800 in medical debts, which I'm paying on my visa. I do not owe any loans. I have a mortgage of about $5,800 in medical debts, which I'm paying on my visa. I do not owe any loans. I have a mortgage of about $134,000. I guess my payment's about $1,100. My pension from my husband's about $1,100. His Social Security is 2703, and I owe no other debt. What I wanted to know, should I take from the 401, he has about $170,000 in the 401,

to pay off the mortgage and the remaining $5,000 visa, or should I just keep the money under? $170,000 in the 401, and the mortgage is how much? About $134,000, $135,000, that's the balance. So it leaves you almost broke, doesn't it? Exactly. By the time they take out taxes, then it will put me in a higher tax for my county and school taxes. What's your house worth? My house is worth, I would guess, probably around $275,000.

I can afford it. I am living. Let's just say I can't go on a cruise like the other lady who called in with my niece or anything like that, but I can't go on vacation right now. I'm making it, but it's not really. I'm existing. I'm not really living. I'm existing.

They did promise some type of income, but, again, it depends on the rate of disability. Let me tell you what is bothering me, okay? Sure. I love the idea of you not having the house payment. I hate the idea of you having no money. Okay. You got $170,000 right now. So that's what's bothering me.

So what ends up happening is if we say, all right, let's cash this out, pay the taxes, and pay off the house, and you got almost no money. I mean, $10,000 or $15,000, $20,000 is left over, Max, okay? Right. But you're 100% debt-free, and you've got these streams of income to live on. All you got to do is pay your property tax and your insurance and your groceries and your lights, and you get a life, right? That all works good. But if an event happens that's a $30,000 event, you got no money.

Right. And you're probably selling the house if that happens. Mm-hmm. Do we want that risk? No. Okay. I might be okay with that if you said, yeah yeah i'll just sell it and get me an apartment if some if i don't think anything's going to blow up but if something big blew up and i had a hundred thousand dollar problem i'll just sell the house and get me

an apartment go on but you said no really fast right right there's nothing around this area that you can live in my mortgage is cheaper than a three-bedroom, I'm sorry, three-floor apartment downtown in the flood zone. However, if they do come through with a monthly income, it could be anywhere, maybe they're saying maybe $1,500, but they're not sure. Is there any money that they would owe you in a lump sum back for having not paid him his disability for a number of years? That's what they're trying to figure out. This should go back to 2017, but now with the PAC back that was installed last August, it may go back only maybe nine months,

which would still be a decent amount for me to pay off the visa and just have my mortgage. Yeah, that's a good move right there for sure. We're doing that one. But if you got like $30,000, that might swing this then. I might pull the 401K because at least I'm not down to – I'm afraid you're going to end up with $10,000 or $15,000, $20,000 when all the taxes are paid and the house is paid off and the visa is paid off, and then you have an event happen

that's $5,000 or $6,000 more than you've got, and we put the house at risk because we kept no cash to protect the house. Does that make sense? Yes, it does. But if you got a lump sum from the back pay on the disability of 30 grand then now i'm starting to have a 30 uh a thirty thousand dollar uh really a fifty thousand dollar nest egg at that point i'm probably paying off the house then that helps me get there but i'm just scared i don't want you to yeah i don't want you to have to dig up the bushes and eat them if you get the tight, you know? Exactly. Are you living off Social Security right now?

Yeah. I only had his. When he passed away, I only received his. Now, I did have mine. I worked all my life, and now I am also disabled, so I'm not able to go out and get a job, although I do side work on the side. I pet set. I dog set.

I do alterations, so I'm making a few hundred dollars a month just to keep my lights on, as you said. Yeah. I think I'm going to let it swing on how big the lump sum coming from the VA is. Okay. And you call me back if we can help you, okay? Hey, you want to go through Financial Peace University on us? You want us to pay for it and you go through the class on how to handle money? Would that help you? Oh, I would love that. All right. Hey, we're going go through Financial Peace University on us? You want us to pay for it, and you go through the class on how to handle money? Would that help you?

Oh, I would love that. All right. Hey, we're going to give it to you. You hold on, and Skyler will pick up, or whoever's in there. Who's in there? Jenna. Jenna's in there. I'm sorry.

I can't see over the thing. Great, Jenna. Okay, so, well, it's just, yeah. And so, anyway, she's going to pick up, and we'll get you set up, because, you know, one of the things is people of faith, people of the book. The book tells us that we take care of widows and orphans. And so that's what we do. So and let us know if we can help because that's a very tight situation.

And I'm glad you mentioned that. Dr. Peter Atiyah was on my show yesterday, one of those brilliant medical minds. And one of the things we talked about was as you age, one of the most unheralded, unknown risks that outpaces everything is falling. And my mom turned 71. She was just at a gas station. And it wasn't like her body failed. She just stepped off something a little bit wrong and sheared her shoulder off at the bone. This is a year or two ago, but I love that you told her that because she's going to look back on her life. This incredible woman who's strong, she's just bustling ahead. And it just at 72 years old, it takes one inch wrong going up a staircase

and you end up with a $30,000, $40,000 broken arm. And in her case, that wipes her out, right? If they don't come through. There's just, it's the risk is so much more accelerated that way. Well, and, you know, from a financial standpoint, those of you out there that want to learn the financial terms, having cash, you know, we always, we used to say when we opened the show, cash is king. Debt is dumb, right? Having cash, liquidity is the financial term, which I always thought was kind of funny. Water.

But liquidity, having some cash is an insurance policy against losing your home. And that's what we're dealing with here. we were taking her to no liquidity having no cash no no buffer that makes me real nervous oh man it's making me nervous just talking about it it's not even i mean it's just somebody i you know one of our listeners that we love but it wasn't me but i mean i can't the idea of being cashless oh i like a big pile of cash i do do. It's just something about it. Because it buffers you against, you know, all of a sudden a crisis becomes an inconvenience when you have the money. Or it lets you spread things out a little. But if it's all in your house and you've got no money, now I've got to sell my house because I've got a crisis. This is The Ramsey Show.

Hey, it's Dr. John Deloney. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter that gives you trending and helpful articles and tips on following the Ramsey way. Just go to ramsesolutions.com today to sign up for our newsletter. Again, that's ramsesolutions.com to sign up for our weekly newsletter.