The Ramsey Show - App - Once You Find Your “Why”, You Can Sacrifice To Win

Episode Date: April 18, 2022

Dave Ramsey & George Kamel discuss: How to get a mortgage without a credit score, Finding a job that's closer to home, Investing in Roth vs. a 401(k), What to do with investment properties that aren't profitable, Picking up extra work to pay for college. 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. Thank you for joining us. George Camel, Ramsey personality, host of The Fine Print, a Ramsey Network production of a podcast that is absolutely blowing it out of the water in popularity. Be sure you check it out. He's my co-host today.

Thank you for joining us. We're so glad you're here. This is a show about your relationships. It's a show about building wealth. It's a show about getting work that you love, making more money than you've ever made in your life. We're glad you're here. Thank you for joining us. 888-825-5225. Jason is with us in Raleigh, North Carolina. Hi, Jason. Welcome to the Ramsey Show.

Thank you so much for taking my call, Dave. Sure, man. What's up? Hey, me and my wife are looking for some guidance. We're both 26 years old. We've been married for a year, renting an apartment for a year as well. Our lease is up at the end of May, and the cost of living is going to make our rent go up by at least $350 a month.

Since we were going to be paying that much for rent, we looked into Churchill Mortgage to start looking for the process of buying a home. Since we have no debt, we have never had a credit card, we don't have a zero credit score, but we have a no credit score at all. So they said it was going to make our rate go up quite a bit for a pre-approval. It's going to be about 6.8% is what they gave us, which seems pretty high even for the market right now. You got a hold of some bad information, and I'm going to have to get you offline and get you back with Churchill, because whoever you got a hold of, there's an idiot. Okay.

George, you didn't pay a dime more. You got a no credit score mortgage from Churchill Mortgage, and you were not charged a premium on the interest rate. We actually, I asked about this on the Fine Print Podcast. We interviewed one of their specialists over at Churchill on the Fine Print Podcast on credit scores, and he explained to me that they basically rate you at a good credit score. If you do manual underwriting and everything checks out, they're rating. I said, how does this compare to someone who has a credit score?

And they said, we look at it, we say this is rated as good. So it's not the highest credit score. If you had an 800, you might get a slightly better rate. Yeah, but 6.8% is not in this market. In this 3% world, it's not even close to true. No, back in 2019, it was 3.6. Or you got to hold a bad rep, one of the two. So you have no credit at all of any kind, no bad credit showing up?

No, sir, not at all. How long have you been on your job? Four years. And how long have you paid rent? For just one year. Okay. None of that warrants a 6.8 percent rate so okay yeah that's kind of what we were yeah we'll just have to help you with that a little bit apparently you got like

a newbie or something that doesn't know what the flip they're doing but um you may just type it in the computer and spit out a number yeah kelly will kelly will uh get you in touch with the owners of churchill and we'll get this fixed for you. Because it's just not right. I mean, it's not how it works. Manual underwriting is not a double interest rate. It should be as good an interest rate as a person can get with a typical credit score, is what you were told. And that's what you personally got. Yeah, and if you had an excellent credit score, you might get a slightly lower rate.

Like an eighth or a quarter. Exactly, but we're not talking 2%. My rate was probably right there, if not maybe a 0.1% difference than someone who had a great credit score. Well, exactly. And the goal here is you pay it off as fast as possible. And if the 0.1% or 0.2% interest rate jump is going to make you not able to afford the house, you may just not be ready to buy a house. Yeah, but these numbers are crazy.8 is not right no that's just wrong so you hold on kelly will pick up and we'll get you in touch with our internal team at ramsey trusted and they'll walk you through the churchill mortgage process and sorry you got some bad info there but that's very

fixable very very doable john is with us john is is in Boston. Hey, John, welcome to the Ramsey Show. Hello, Dave. I am calling in because I have about $13,842 worth of car payment loans. I only have one car. And I drive about an hour and a half every day to work. Why? With the price of gas. I'm a jeweler, and there's no real jeweler positions in my area. Move. So yeah, I've been thinking about either,

I found you guys about a week and a half ago. I'm deciding whether I should find something new closer to home or selling my car and driving a beater. I'm just trying to get advice on what to do. So what's the purpose of selling the car? I probably buy something cheaper that I wouldn't have to owe any debt on. Yeah. I like that part i'm just wondering the connection between you getting a job and this car being sold um i don't want to drive a meter an hour and a half a day yeah

yeah yeah that's true more money and just more time i guess um because i'm spending about 800 a month on gas and the car payment is like $300. So it's over $1,000 just to get to work. So I'm basically not making much money. Right. Okay. So it sounds like you've got three things you need to rethink, where you live, what you drive, and what you do for a living. And rethinking all three of those should completely change your whole life.

Yes. Okay. Now, I get rid of the car payment. I mean, $13,000, I mean, what are you making a year? What do you make a year? It's about $30,000, $32,000. Okay. How old are you? I'm 23. Okay. How old are you?

I'm 23. Okay. All right. And what are you going to be doing when you're 33 that makes $100,000? I honestly have no idea, Dave. Okay. All right. So I don't mind you making $30,000.

I don't mind you making $32,000 because I've made $32,000, but I want to be going somewhere from there. I don't mind you making $30. I don't mind you making $32 because I've made $32, but I want to be going somewhere from there. I don't want to be staying there. Yeah. So let's have a game plan on your career side. So what I'll do is I'll send you a copy of Ken Coleman's book, From Paycheck to Purpose, to start making your decisions on your career. From a quality of life standpoint,

I get to decide what I'm going to spend two things on that are very valuable to me. My time and my money. And commutes destroy both of those. And so you really have to decide from a quality, you know, where do you want to end up 40 years from today? A two-hour commute is going to destroy your money and destroy your time just four hours a day and so and these are two things that are too valuable that you can get you can't get back the time you can get back the money but um but you know i'm moving or i'm changing jobs and i'm gonna get you know continue to do something to change jobs anyway to move from

32 on up and out of that. Yeah, you're going to have to uproot your life, man. New car, new job, new life, new everything. But, man, that commute, it's wearing you out and wearing your car out. Both are not good. Yeah, I don't know that you have to quit any of it today, but six months from now, I probably would have a new car, a new job, and a new place to live. Or at least two of those three. That'd be a win.

At least two of those three to start to get my life back. Thank you, man. I appreciate you being a listener. This is the Ramsey Show. People all over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Health Care Ministries, or CHM, is a nonprofit organization that helps members carry one another's burdens with health care expenses. And they have successfully shared each other's medical bills for nearly 40 years. See if CHM is right for you by visiting chministries.org.

CHM is a proud sponsor of Dave Ramsey Live Events. Well, George, Rachel Cruz, and I, John Deloney, Ken Coleman, and I are really excited. Ramsey Solutions is hitting the road. We're pumped to take our Building Wealth live event on tour this year. Look out, Las Vegas and Orlando. We're coming to you in just a couple of weeks. And then this fall, Sacramento, Minneapolis, San Antonio, and another city yet to be announced. Las Vegas is May the 5th.

That's only a couple weeks away. And you can still get tickets if you want them. They're almost sold out. Orlando getting very close to being sold out May 19th. And we just put Sacramento, Minneapolis, and San Antonio on sale. And we've already sold over 1,000 tickets to each one of those. Thank you so much. Tickets are only $25.

One of the reasons they're selling so fast. And a four-pack is $60. So bring a couple friends with you. It's only less than the cost of a pizza. Come on out. We're going to spend an evening together. We'll sign books, answer questions. We're going to do an event about building wealth.

Again, Vegas is May 5. Orlando is May 19. Sacramento, November 1. Minneapolis, November 10. San Antonio, November 15. RamseySolutions.com slash events. George, I'm ready to be back on the road, brother. Oh, and these are some great cities.

I'm just thinking about all the crowds we've seen in these kinds of cities. And at that price point, I it's inflation proof yeah it's the only thing that has not suffered from inflation is uh tickets to building wealth you know what it's true we didn't double them did we no we should we should think you're welcome america and we got to pay the gas bill if we're going to drive over there that's true so how are we going to do that if we don't get more money i haven't thought about this i thought you were the guy to figure all this out. Hmm.

Well. I never thought about raising the prices. Just call it generosity. Okay. We'll call it that. That's part of building wealth. It's going to be a great time. Our question of the day is from Blinds.com.

They have a 100% satisfaction guarantee. It means even if you mismeasure, you pick the wrong color, they're going to remake your blinds for free. Free samples. Free shipping. New promos all the time incredible company for window coverings and blinds for your home blinds.com always use the promo code ramsey to get the best deal today's question comes from kevin in utah i start a new job next week and instead of a 401k match they contribute 12 to 15 percent of my base salary each year should i still put 15 in the company's roth 401k or should i just put the 15 in my roth

ira they contribute regardless of whether i use the 401k or not interesting what are they contributing to contribute of my base salary each year he. I'm guessing he means to the 401k. Whether he puts money in the 401k. I guess they're putting it in the 401k regardless of whether he puts it in. Oh, it's coming out of his paycheck, it sounds like. No, no, no. They are contributing, but I'm just saying they contribute regardless of whether I use the 401k or not. I assume he has to be in the 401k.

Yeah. So interesting. Okay. Yes, you need to put 15% of your money. You put 15% of your money in regardless of what your company does, although this is an absolute fabulous benefit. I know. I'm just shocked at this.

They're just giving them 15% for nothing there. Well, as far as your options go, he said, should I put it in the 401k or the IRA? You're talking about Roth in either case. And so I like the 401k option. It's simple. Your money's already going there. If you want to do the Roth IRA, there are some different benefits to that. You may have more investment options. So that's a good place to do it. Now the Roth IRA, you're going to max out pretty quickly there. so you're probably going to have to go back to the roth 401k anyways should i still put 15 in the company's roth 401k or should i put the 15 of my in my roth ira it doesn't matter which one because neither one have a match you're getting them you're getting the money, the contribution, regardless of the match. I would just go where you think you've got the best options.

If your 401k has good, solid options across the four types of mutual funds we're talking about, I would just do your 401k for convenience. But if you put 15% of your income into a Roth IRA and that's not maxed out, because if you have a higher income, it would max out. Again, you pick those four types of mutual funds, growth, growth in income, aggressive growth, and international. Good question. Sarah is with us in Los Angeles.

Hi, Sarah. Welcome to the Ramsey Show. Thank you so much, Dave. We love you and your team, so thank you for all the advice that you're giving. We love that you're inspiring the youth, especially to live responsibly. Well, thank you. How can we help today?

Well, I have two questions. We have real estate investments that we've had for a long time. We have five homes in the Sunbelt area, Arizona and Florida, with probably a total of 1.2 million combined. And we're getting about $10,000 to $15,000 a year, free and clear from that. So it's not a really great investment from a cash flow standpoint, and we've been looking into DSTs and wanted to see what you thought of them. You have a million dollars worth of real estate that's creating $10,000 worth of cash flow? Yeah. You have mortgages?

No. What is wrong with the real estate? Or are you guys just the worst landlords on the planet they're all they're all uh financially or professionally managed so that no they're not you would have sold them are you charging like three hundred dollars for rent how is this possible well actually last year was more like $20,000. So it is getting better. But still, $20,000 over five homes. Yeah, you should be getting

$20,000 a month. Yeah, so what would happen is we'll get something where someone moves out and we have like $8,000 in repairs. One of them needs a $12,000 roof. So something like that will just sink us for the year. But not on all five.

No, not on all five. You're saying $20,000 a piece or $20,000 total on a million dollars worth of real estate? $20,000 total. Okay. These properties are not renting well. I mean, I own a lot of real estate okay and um i'm making an eight to a ten percent cash on cash after repairs and after tenant turnover on residential single families that's these are residential single families ten percent on a million to be 120 000 a year

eight percent will be 100 000 a year so, you know, you're way off here. Something's wrong. Are these properties not desirable? Why are they bad rental properties? Are they super expensive property? Are they cheap? Well, the one in Arizona is worth over $300,000. The ones in Florida are worth around $250,000 each The ones in Florida are worth around $250,000 each.

What's wrong with them? $250,000 each. One needs a roof. That's why we're looking into DSTs, because we thought maybe we could get better cash flow. Well, you could get better cash flow if you manage the real estate well, or you had better cash flow than you'll ever get on an EFT. Real estate will outperform mutual funds and EFTs. It has a higher hassle factor.

If it is run well, this real estate is not being run well. I think you've got some property managers milking you. I'd pay attention to these numbers and really dig into this and figure out where all this money is going. I'm telling you, I'd take a million dollars worth of single families and put them up beside you, and I'm making $100,000, $120,000 on it. Cash flow. Cash on cash.

Okay. And by the way, rents have gone up. Rents have gone up, so that's why we're making more. Like the one in Arizona now, now we get uh 1700 a month but in florida they're still relatively low and the taxes are really high and insurance is high too in florida so we bought most of them for about a hundred thousand and so they've appreciated a lot so our total outlay is not a million it's more like yeah if i know it's not your outlay but it's return on value is what amounts to and a general rule of thumb is you should see a gross

rent before expenses not net but before expenses around one percent a month so three hundred thousand dollar house that'll be three thousand bucks a month rent give or take okay and that's going to net you that's a 12 gross and then that's going to net you 10 to 8 to 10 depending on your level of repairs and so forth and i think you're not getting good value of out of your property manager or these properties are very poorly located if you want to sell them and get into an eft, you can beat what you're doing with an EFT. But as a category, single families managed well will outperform an EFT if they're done right. And these are not being done right. There's something wrong with this portfolio.

Thanks for the call. George Campbell Ramsey personality is my co-host today in the lobby of Ramsey Solutions on the Debt Free Stage. Glenn and Wendy are with us. Hey, guys. How are you? Hey. Doing great. Welcome. Where do you guys live?

We live in Morris, Alabama. Which is near? A little north of Birmingham. Birmingham. Yes, sir. All right. Cool. How much debt have you guys paid off? We paid off $100,000.

All right. How long did this take you? 22 months. Good for you. And your range of income during that time? $130,000 to $138,000. $130,000 to $138,000. What do you guys do for a living?

I'm a wastewater treatment plant operator. And I'm an occupational therapist for the local school system. Excellent. Very cool. What kind of debt was the $100,000? $3 five hundred was a 401k loan that i'd taken out and then the rest of it was the remainder of her mortgage you paid off your house yeah looking at weird people yeah i love it what's this house worth well my wife was gonna be so mad if you didn't call us weird today you're weird yeah you are officially weird. Yeah.

Don't be mad. Yeah. What's the house worth? Cornzilla, pushing 300. Wow. Okay. Excellent. Good job, you guys.

Good job. How long y'all been married? 26 years. Oh, cool. How old are you? I'm 47. And I'm 48. All right.

Good. And a paid for house? Yes, sir. Wow. That's record-breaking man that's very very cool very exciting very cool congratulations so what put you on this journey 22 months ago tell us about your story um i had i listened i started listening to you back in the 90s i guess i've known about dave ramsey forever and loved the. And we were ish our whole life, I guess, our whole married life anyway. But 22 months ago, I changed jobs.

And we had to do something about that 401k loan that I'd taken out. And we knocked it out very quickly. And we kept thinking, well, if we could do this, we could just take that mortgage out very quickly. And our goal was to do it by the time Wendy turned 50. But we were able to knock it out even a little quicker. Wow. And in 2018, I have two of my co-workers, Jennifer Nick and Ashley Dees, who are my debt-free cheerleaders. We walk after school every Wednesday, our walk

in Wednesdays. And one of the things we talk about is our financial goals, our financial dreams. And so I'm the first of the three to get to come do this. And they're on their way. All right. Look forward to all of them. I love it. All debt-free houses and everything. Excellent job, guys.

Very, very, very well done. You get some people around you and you feel a little bit of that progress. You get a taste and you go, okay, we paid off three. Let's pay off 97. Let's go. Yeah. Was that scary when you were just looking at that number going how are we going to do this yes it was from so we started our debt-free journey january of 2020 right before the pandemic hit and from january to may we were making some progress but it it wasn't until we started doing the every dollar budget that we really started to to see that progress come to fruition and at the end of every month no matter how many dollars or cents were left at the end of each category we added all that up and threw it at the mortgage

we called it our our fun math at the end of each month yeah Yeah. I love it. Well done, guys. Great job. Man, that's a $300,000 paid for house. So how much do you guys have in your investments in your retirement? We're a little over $200,000 in that area. All right. Up to a half a million then. Yes, sir. Net worth.

Excellent. You're going to be millionaires before you know it. Yeah, that's what we're looking for. Good job, you guys. Very cool. All right. So every millionaires before you know it. Yeah, that's what we're looking for. Good job, you guys. Very cool. All right, so every dollar is part of the key. What other keys do you tell people it is to having your house paid off? I just think the fact that we were just on the same page the whole time was tremendous

in getting it knocked out. There was no argument. It's like we knew what we needed to do, and we got the job done. Was there fights at all or just with money? I'm just curious. There weren't. And that's one thing that I wanted to be sure and say is how God united us so completely during this journey. Last night we were talking about that very question,

and neither one of us could think of a single time that I wanted to do something that wasn't in the budget or he wanted to do something that wasn't in the budget or he wanted to do something that wasn't in the budget. And I just feel like God honors financial responsibility, and he has been with us through the whole journey. 22 months of focus, and boom, you're done. Yeah. And you're not even 50 years old. Right.

Just like that. Wow. So how does it feel to not have a payment in the world? It's wonderful. I was telling Wendy that this is the most carefree I've been since I was a kid. It's amazing just the feeling you have just with the peace and the freedom of being debt-free. Was it momentous with the last payment? How did you guys do it?

So it was October 29th, this past October, and we went to a little restaurant out in Bessemer, the Bright Star Restaurant. Had our picture made in front of it, and it was just such a happy day. And the other thing to mention, too, is our son is a college student at UAB, and we were cash-flowing. We were cash-flowing his college at the same time. Wow. We had some car repairs. We've got all old cars now. So that's our next thing is to.

Yeah, we're going to step into our real Dave car next time. Get you a good car. Yeah, I like it. I like it. That's fun. Well, congratulations, you guys. Absolutely amazing. Very, very, very well done.

Okay. Doesn't sound like this was super hard once the two of you decided you just went after it. It really wasn't. And one of our biggest things that we struggle with is eating out. Oh, yeah. That was hard. Out to eat. And so what we did in our budget is we allowed ourselves one out to eat a week on grocery night.

And it was usually fast food. Yeah. And that would fill us up before we went and bought groceries. So it kept the grocery bill down. Don't go in there hungry yeah exactly well you're in baby steps four five six at that point that's perfectly allowed now if you're in baby step two i'll fuss at you for going out but you guys are just working at working that baby step six to get rid of that mortgage and you knocked it out way to go thank you very proud of you guys you're heroes man you're just weird excellent job all right glenn and wendy we got a copy of baby steps millionaires for you how ordinary people built extraordinary wealth how you can too number one bestseller and

that's the next chapter in your story also a copy of total money makeover you can give it away to somebody stir up a ruckus get them started on this tell them what you did and um it's not bragging because you did it and i'm proud of you very very well done ramsey's proud of you george is proud of you well done you guys glenn and wendy birmingham alabama 100 000 paid off in 22 months making 130 to 138 house and everything count it down let's hear a debt-free scream three two one we're debt-free man oh man oh man it's just a matter of intentionality. Once you decide, I'm going to be intentional. I'm going to make every one of these dollars behave. I'm not going to live like this.

I want to be free. Once you decide, then you'll start adjusting things in your life to get there. And, you know, what was their big sacrifice? They only ate out once a week. Ooh. I don't know how they're gonna make it i mean that was incredible but they didn't i mean they just walk up my point is is they didn't have to really strain they had to be intentional yeah there wasn't like some kind of hold your breath and be underwater for two hours grinding you know there wasn't anything like this was just't anything like that. This was just, I'm going to do it on purpose.

And once you start doing it on purpose, the level of traction is incredible. Oh, yeah. And looking back, 22 months is like a snap. Yeah. And you're done. But when you're looking forward, you go, man, two years? I don't know if I can do it. When you look back, you go, man, that was a blip in our life.

And now we're free forever. That's a different mindset. 24 months ago, we had this thing called COVID. I mean, it was everywhere. We were all shut down 24 months ago right now. The whole place was shut down, right? It feels like yesterday and a decade ago at the same time. Yeah.

I'm going with the decade part is what I'm sticking with. Oh, my gosh. But, I mean, it's how fast it goes. Yeah. That feels like 20 seconds ago in a way, right? In another way, it feels like a decade ago. So there you go. If you sacrifice for 22 months, you won't have a mortgage payment for the next 22 years.

It's amazing how that works. Isn't that neat? If you're willing to do what it takes. If you live like no one else, later you get to live and give like no one else. No discipline seems pleasant at the time, but it yields a harvest of righteousness. George Campbell, Ramsey Personality, is my co-host. I'm Dave Ramsey, your host. This is The Ramsey Show. Thank you. We'll be right back. Pamela Ramsey, personality, is my co-host today. Open phones at 888-825-5225.

Sophia is in Salt Lake City, Utah. Hi, Sophia. Welcome to the Ramsey Show. Thank you. What's up? My question for you today is my husband and I are just about ready to complete baby step number two, and we decided to relocate once we complete baby step three. My question today is, do we purchase a home where we plan on relocating and keeping the home we are

in so we would have two mortgages and try to sell this one? Or do we go and relocate and rent while we sell this home? Or do we just sell this home and then purchase another one? Or do we go and relocate and rent while we sell this home? Or do we just sell this home and then purchase another one? We're wanting to save up 20% before we buy a new home for a down payment. Okay, good. I mean, I like option three, where you just sell it and relocate. What's holding you back from doing that? Just that we weren't quite sure. We won't have the 20% right away. You don't have enough equity in your current home? We do.

There's not a whole lot of homes on the market where we're relocating, so we figured that if we just rented, that it would help us save the 20% for down, and then we could find the home that we really want. So sell the house. The current home that you own does not have any equity? Oh, it does. It has about $150,000 equity. Okay.

And how expensive a home would you buy when you relocate? Right now, the homes are going for about $400,000 over there. Okay. That would be 25% then, so you'd be just fine, right? I think so. Put your home on the market and sell it, and then go over there and buy a house. Okay. With that money. Perfect.

That's option C, right? There's nothing wrong with renting at the new spot for a while and figuring out what the lay of the land is and where you want to live and all that stuff. So what I'm going to do is I'm going to get in touch with a Ramsey Solutions.com, get in touch with a Ramsey ELP, get your house on the market. And is there a job change and everything involved? Yes. So I can actually change my job right now.

He would need to stay for six to eight months. But he, I guess we're just kind of waiting until we have baby step three. It would make us feel more secure. Yeah, that's fine no problem with that before we leave so but i mean the point is in terms of the real estate transaction once you have the jobs lined up and the other logistics other than the real estate uh and you're ready to go okay ready set go whatever that means to you okay put that house on the market it will sell very quickly in its current environment. Agreed?

Agreed. Then you just take that contract in your hand. It's going to close in 30 days probably. And you go to the other place and you start looking for houses and you buy one to close around the same time that yours is going to close. If you can't find one in the new place because there's nothing available or you can't find a decent deal or anything like that, well, then just rent. But renting is your worst-case scenario. But selling the current property and, you know,

within the period of time that it's set up to close, buy another one and close on it simultaneously or within days. You don't have to close on your first one, the one you're selling first, because you've got the money to buy the second one, right? Correct. I mean, if you close on yours on a Tuesday and the one you're buying on a Wednesday, and you load up the truck and you head to Beverly. Okay.

Would you ever suggest that we move before baby step three is completed? That'd be okay. It's not the end of the world. Okay. Because you're going to have $100,000 in your pocket. Correct. When you move. So you're not going to be broke.

Okay. So it's okay if you don't have it completed or if you only had three months or something, if it makes you feel better to have that. But my point is, if you cannot then set up a simultaneous transaction like I'm discussing, meaning you can't find something that you can close on or move into, or you move into a rental for two months while you get this all figured out, but you don't necessarily have to rent for two years in the new location. The trick is just to get the logistics lined up of the two deals.

And so that's what we're looking at. So I did a similar thing this year, last year myself, Sophia. We sold our, we had this big old huge house up on a hill that we loved and we lived in for almost 15 years. And while the market was hot, we decided we're getting out of that. And so we bought a lot to build on that we'll build on someday. And we sold that big house. And so we were homeless and ran out and bought a house in the same neighborhood as the lot to camp in for a while using the money from the sale of the first house. That's called glamping, Dave.

Yeah. I've seen it. It's not camping. It's glamping. You're right. There we go. Pretty luxurious we go pretty luxurious accuracy pretty luxurious camping site but yeah but the uh point being that that we just had to work out the logistics right we had to figure out okay and i didn't need to close on the new house that we're glamping in until the first one closed and so we had to set up the closing to be after that i had the money to buy both but i

didn't want the other one unless the big one sold. Closed, not just sold. I want the money in my hand. That's right. And then we're going to go make the other deal. And we closed them the same week. Wow. And then had the moves arranged, the possession arranged around where we had a little bit of time to make the move without falling in on ourselves.

So it's just a matter of negotiating and finding something where the logistics line up and work, and then you're going to be just fine. So good question. Ross is with us in Bowling Green, Kentucky. Hey, Ross, what's up? How's it going, Dave? I am trying to decide if I want to pick up an extra job to help pay for college over the summer. Sure. Why not?

Well, I'm already working one job, and plus I'll be doing an EMT course, so I can get my basic EMT so I can try and start to do firefighting, which I'm still trying to get my probationary book signed off on that. You're going to college and EMT? Yes. Why? Which one are you going to do? Well, I was going to college first, and I was originally just going to get my bachelor's because I was going to go into law enforcement, but my stepdad, who's a state trooper,

talked me out of that, so I looked into firefighting. So why are you still going to college? Because at this point, I feel like I'm halfway through, and I feel like it would be a waste of money if I wouldn't finish it out and get something from it. Okay. So you can't cash flow college if you don't pick up this additional job? You're going to have to go into debt? I don't know because tuition is about $12,000,

and I'm not going to be living on campus anymore. I've got past the two years that I had to live on campus, and I feel like I could get enough money, but it's just now i'll have an apartment and i just i guess i'm a little worried because i know i'm not gonna be able to work as much during what i have classes well the focus right now is getting through your courses getting through your emt program and doing it all debt free so whatever that takes i'm doing it yes okay priority number one emt school priority number two finish college priority number three way the flip down the list is an apartment are you in town with your parents uh no okay then get the cheapest freaking possible thing you can don't be working for an apartment

be working to do the other two goals you got roommates ross yeah i'll have a roommate how much more expensive is the apartment than on campus um the apartment's less money than on campus living okay so you should be able to with your current expenses cover that right i i should be able to yeah okay well uh when in doubt i'm working you're you're what 22 23 years old uh 20 20 years old yeah you're not gonna die from working so when in doubt i'm gonna work to work more, make some money, because a big old pile of money solves a whole lot of God's problems right here. You know what I'm saying?

Mm-hmm. And, you know, getting up to the edge and then going, oh, man, I'm 500 bucks off. $500 off in your world is a lot off. Mm-hmm. You don't want to be $500 off. So I'm going to have the extra money, extra pile of money. That big old pile of money gives you peace that you get to hit all your goals, which is finish school and EMT school all at the same time.

Go download every dollar. Get your every dollar budget going. Start doing some math and look at reality. Yeah, you need to map out what your expenses are going to be on the EMT school, on your tuition, and on the apartment. And go, this is how much money I need plus some. And if that means you're working extra, have at it, brother. Most of us worked when we were in school.

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