The Ramsey Show - App - Our Favorite Calls of 2023 (Part 3)

Episode Date: May 29, 2023

While we're out for the holiday, we've compiled our favorite moments from the year so far into a special episode. We hope you enjoy it and we'll be back with a live show tomorrow. Let us know what you think in the comments. Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale 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

Девочка-пай 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 amazing relationships. George Campbell, Ramsey Personalities, my co-host today. Open phones at 888-825-5225. That's 888-825-5225. Marlee starts off this hour in Minneapolis.

Hi, Marlee. How are you? Hi, I'm good. Thank you. Good. How can we help? I am calling to get some advice on how we stop doing too many baby steps at once while in the middle of building a house. Okay.

How many are you doing? um well we are attempting to pay off that have a savings fund um and then also have over 20 percent of equity in our house which we've already gotten that one um now we're realizing we're just we're starting in the middle of doing the baby steps and we need to take a step back so so the house is under construction correct and you're under contract for it yep okay yep we are uh we're building it ourselves which is how we've gotten um our equity with it okay so that decision's done yeah can't really undo it. Nope. Okay. So let's just set that aside, and you've got 20% equity because of the sweat equity, or you've got the actual cash? A mix of both. We've paid quite a bit out of pocket already, then plus the sweat equity.

So we will have well over 20%. Okay. What do you need to finish the house in cash to finish the house in cash what cash do you need to finish this project that you've started um we would need 400 000 so that's what our mortgage will end up being when we are no no if i'm under that that's your mortgage is not cash your mortgage is borrowed money i'm talking about how much money do you need in the bank to finish this project i see um we well we're having a lot of cash flow coming in and out but we're taking draws both forehand. So really that's all being done with the bank team for the expenses as they're coming.

So you have a construction loan? Correct, yep. Okay. In addition to the construction loan, do you have any cash needs? No. For the house? Yep. So if you took no cash out of your budget, you can finish the house with a construction loan

and get your permanent mortgage, correct? Correct. Okay, that's what I was trying to get at. So then that project now, we can kind of seal the wall on that, no pun intended, and push that to the side. That's taken care of. Now let's go work the baby steps. Okay.

So what is your income? $120,000 gross. All right. And how much debt do you have? Not counting the house. $62,000. All right. What kind of debt is the $62,000 made up of?

$50,000 in vehicles and $12,000 in college. What are the vehicles? We have two of them. One is the majority of it, and that is a Chevy Tahoe and then a Honda Civic. Now, what do you owe on the Tahoe? $40,000. Okay. If I woke up in your shoes, I'd sell sell the tahoe i'd amputate the tahoe

okay you call me because you're stressed out freaked out and you got money going out 14 different directions and you can't breathe yeah and you're driving a freaking 40 000 truck while you're trying to build a house in the middle of it yep i would want my life back more than i wanted the tahoe okay if i were you you're pretty easy on this is it at your car isn't it yes yeah it is ours it's just convincing my husband to do that has been the um what's his problem he loves the stress uh it's more of the stuck on, we're going to be in the hole if we get rid of it. No, you're already in the hole. When you get rid of it, you just admit it. Yeah, yeah.

He thinks paying it off and then having it until it runs into the ground is. That would have been a good idea if you did that before you built a house. That would have helped, yes. Because right now you guys have nothing in savings because you need it all um yeah well nothing that we could throw at any of the debt right now other than we have extra cash flow each month and so we've been throwing that at our house why now it's like without the construction almost covering. Yeah, we've just been trying to pay as much cash as possible. Meanwhile, you're driving a $40,000 Tahoe.

Doing that and that too. Yeah, this is bass-ackwards, kiddo. You guys got to clean this debt up. You've got the dadgum cash set up with the construction loan to finish the house. Just finish the house with the debt. You've already committed to that. That's a hole you've dug you're set for that that's a done deal and it's not completely out of control it's just out of order and so it's not the end of the world uh and then i would look up and say if i can't get these cars and this sixty thousand dollars paid off in less than a year i'm dumping this tahoe and i'm probably just dumping it it just doesn't fit in this equation because here's the thing your husband does not feel the risk that

you all are carrying and you feel it yeah yeah it's really bothering you and he's walking along whistling through the woods and a bear is getting ready to kill him and you know there's bears and for some reason he's unaware there's a bear you follow me yeah yeah so you need to grab him by his face with your two hands put the kids to bed turn off the television put the screens down and look in him in the eyes and say i am so scared i can't breathe you're're killing me. Okay. Because that's the truth, isn't it? Yeah. And he honestly, he honestly, listen, you know how I know this guy? I'm him. I did this exact same crap to my wife in my 20s because I don't have a risk meter.

I just go do crap. And if it's wrong, I'll go do something else. And that's him. Okay. And he's whistling along in the middle of that gum bear country here, and he's attracting grizzlies and doesn't even know what they look like. And his wife is actually smart, and she's going, this is scary. And my wife was doing the exact same thing.

I about ran her in the ditch, man. I about killed her. So I'm telling you, I'm begging him, as the old guy who made the same mistakes he did, to listen to his wife, who can find a virtuous wife. Her worth is far above rubies. The heart of her husband safely trusts her, and he will have no lack of gain. Wow. Listen to your wife, men.

Timeless wisdom. If she's virtuous, listen to her. If she's a princess, that's different. But if she's virtuous, you need to listen to her. She's probably smarter than you are. And in this case, that's true. The case of Dave and the case of Marley's husband. No question.

This isn't, hey, Dave Ramsey said we have to sell the Tahoe. This is, I'm so scared we have to do something drastic to get to safety. Because you run around chasing your tail is not making me happy. Making me unhappy, stressed, anxiety. Dr. John Deloney

could do a clinic on this. Wow. This is The Ramsey Show. Ken Coleman, Ramsey Personality is my co-host today as we answer your questions at triple a 825-5225 jonathan in idaho gives us our question of the day all right sorry dave i was slow on the draw here it is uh i was wondering if you have an opinion on the proposed Fair Tax Act that would eliminate federal taxes, impose a national sales tax on new goods purchased, and eliminate the IRS as we know it. That's the perfect question for the two of us.

I don't know two people that hate taxes more than me and Dave Ramsey. Well, I've always been a fan of this. In fact, I lived for years in Atlanta, and Neil Bortz, who was a well-known local talk radio guy, you're probably friends with Neil. I know Neil well. He was a big proponent of this and wrote a book on it. Went on his show several times back in the day talking about this. He had a best-selling book on it. Best-selling book on this very issue, and I'm not going to endorse the book, nor am I going to endorse the policy, but I like the direction that it's heading, and I'll tell you why. I think a sales tax, it forces the consumer to kind of deal with it, and it's not the federal government mandating what is taken from my income. I like the flat tax idea, which is really the guts of what Neil Bortz was kind of proposing,

and that's everybody pays the same tax rate. There's this cultural divide now that the media and a lot of people on the left have created this fairness doctrine that the person who makes more should have to pay a higher percentage, and it's become this virtuous idea. And in all reality, if you look at the actual data, now, folks, some of you are going to get offended right now, and that's okay. But here's what I want you to do. While you're getting offended, I want you to actually go on this thing called Google, and I want you to do your own research. Be brave enough to research what I'm saying, because here's what you'll find.

Most people in America, in fact fact it's right below 50% I believe now 51% 51% Dave corrects me don't pay any federal income tax and yet we're going after and let's go step further yeah sure and a large number of that group not only don't pay right they receive that's correct the unearned income tax credit that's meaning they get money back from the government it's only it's not back from the government because they never gave it to them in the first place it's an entitlement it's they are given that's right their lives are subsidized and and you're not you're not evil if that's you okay we're not mad at you about that that's the system that's in place but 51 of americans pay absolutely nothing yeah so this idea in the

federal income tax program that that's not that's not fair that's right so then they say not only that's happening but now they want to have people who are wealthy who help create jobs by the way it helped create enough tax income for all of the entitlements that those 51 percent get you want to put more burden on those folks so i love the flat tax that is kind of the fair tax is a sales tax exactly flat tax i know but i i love the actual flat tax on an income tax because i think that that is truly equitable and everybody now is paying the same amount and so you know the actual fair tax act is not up for vote it's not i don't know the way i don't know where you got this that it's actually happening it's not it's not even close to happening it's a it's a uh you know a discussion to try to get people

jacked up and it's been going on for 20 plus years that book is worth reading because the biggest gripe that people have mathematically and it's a fair argument um it is that under a fair tax a uh an ad valorem tax a national sales tax and no income tax at all then you would have to you would need to it for it to be correct i for it to be equitable not fair or to be equitable and bortz's proposal the actual fair tax people are proposing this you would have exemptions on things like food yeah because if you make thirty thousand dollars a year and you pay in or you pay sales tax on everything you buy you end up paying a larger percentage of your income in taxes than say I would. And that's not equitable. Correct. Okay. I wouldn't want a single mom making $20,000 to have a higher tax rate than I do.

That's not right. And so you have to have some exemptions in there on income and on types of purchases to make the thing start to have some more equity to it. But the beauty of it is you consume, you choose. That's correct. Now, in the state of Tennessee, this is actually what we have. We have a moderately to high sales tax, 9.75%, about 10%, okay, is our sales tax in the state of Tennessee. And we have zero income tax. And our economy is booming. because because people come here like crazy that are producing things like jobs

and businesses and they come here they're moving in here the same thing with texas same thing with florida the states that don't have an income tax have prospered inordinately art laffer has written a lot about this that's right and uh so it's a very interesting discussion now you can get all pissed off and lefty or righty about it one way or the other if you want but that's you know you probably ought to just listen to one of those political shows to do all that stuff that that's not political this is math right okay it is not equitable fair, for people to pay absolutely zero. That's correct. Whether they're rich or whether they're poor.

And 51% of Americans pay zero income tax at the federal level. Zero. None. That's a half of you. And it kind of describes why the voting falls where it does. Actually, the voting falls about that way, okay, on national elections. And so, you know, you're right. It has been trumped up by the – that's a bad phrasing.

Yes, right. It's been pushed by the media because they can sell hate that's correct and you know make the poor people hate the rich people the rich people hate the poor people yeah all this kind of stuff this class division thing and you know if we can create division to keep people angry they'll keep watching our news channel and that's not a good plan so uh i mean i've spent a lot of time back 20 years ago i was on boards to show several times we discussed this it was a very interesting discussion yeah it's well thought out it's a good intellectual exercise but jonathan here's the truth it's not gonna happen that's that's

the other side of it okay you're not gonna get a fair tax a national sales tax to do away with the irs your your lips to god's ears that the irs went away but uh but they're not going it's there's too much going on here i mean here's the thing you put the income tax business out of business i mean you're talking about h and r block turbo tax are gone gone oh yeah just poof well all the entitlements nothing to do all those government agents you think they're going to be for this no new yeah yeah the entire establishment will never allow this to happen the people could make it happen but outside of that that's a whole different show just fire by it's a whole different up there which literally would be a great idea yeah but um

yeah it would be but you know it's interesting you know because when you start looking at this you got to understand too that you we hear inflation in the news every let's talk about one of the most hot bed issues uh hot button issues in america right now is inflation but here's the deal if if if if the people of america in mass let's say they got a hold of what we teach here on the ramsey show and they all all started budgeting, and they went to the envelope system, they used those wallets, and they did everything the way we teach, and they said, you know what? We're going to severely cut back on all of our excess spending.

Okay? Four walls, that's it. Watch how prices would come down, Dave, because Target and Walmart, they'd all go, wait a second. If Ramsey met the minimalists in the marketplace and all of America adopted For 90

days, Dave. I think 90 days It'd be like putting people on strike. Yeah. And then watch prices shut the freaking place down. Yeah, you'd get some Bozo's attention. Yeah. I mean get some Bozo's attention. Yeah. I mean, Bezo's attention.

It would put some dent in the inflation. But we spend like drunken sailors as Americans, credit cards at an all-time high. No, sailors get a bad reputation. Drunken congressmen. That's a fair point. They spend a lot more. That's true. Sorry, sailors. Don't be messing with our sailors.

Both my grandfathers were in the Navy. I should stipulate. It is a great old saying. It is. It was more stereotypically true in the old days. But, yeah, there we go. So, Jonathan, sorry. It's a good thing to give us a little soapbox on here,

but appreciate you asking the question. Not going to happen. Wouldn't make any of us mad if something like this or something moved in this direction where everybody, everybody ought to put something in the, you know, everybody ought to put something in the you know everybody ought to put something in the pot you know you ought to pay your military that's right you ought to pay for your interstate you're driving on everybody ought to put something in this is the ramsey show dr john deloney ramsey personality number one best-selling author,

host of the Dr. John Deloney Show, is my co-host today. The phone number is 888-825-5225. Our new sponsor for our question of the day, we are so proud to have Neighborly, your hub for home services, sponsoring our question of the day. The question is brought to you by Neighborly. When something in your home breaks, Neighborly is the name to remember. And with a Neighborly done right promise, you'll get great service from their network

of local home service providers. People like Mr. Rooter, Mr. Electric, Molly Maid, these are names you've heard of. They're all part of the Neighborly hub. So be sure and check them out at Neighborly.com today. All right, today's question comes from Daniel in the Ramsey Baby Steps community. Daniel writes, I have a problem I'm hoping you can help. My wife is not on board with doing the baby steps. In her head, it's basically your debt, not mine.

I've tried talking to her, but she always ends up getting mad and not wanting to talk about budgeting or financial goals. At times, it feels best if we parted ways and I am alone on this journey. Yikes, man. You already are. Yeah, exactly. You're alone and you're dragging somebody along with you. Dave, any time this conversation needs to be happened way ahead of way way before

budgeting or financial goals this is not a baby steps or financial problem this is a broken marriage yeah exactly this is um somebody who's either because of childhood stuff or because of recent stuff or because of the way daniel's does communication she has created her own little universe inside this marriage, inside this house, and does not want anybody coming in or out of those walls. And that's the conversation that needs to happen. Yeah, but it's not like I'm getting a divorce because of the baby steps.

No. If your marriage ends, it's because you refuse to work together on anything. I mean, I'm sure baby steps is not the only thing. It's just the latest place it has shown up. Right. Daniel, the way you are describing your wife is, you describe your wife as belligerent um and immature and um

which tells me that there's a level of contempt for her and uh as uh les parrot talks about in his marriage stuff and he's quoting quoting Gottman, the four horsemen of the apocalypse, one of the four things you cannot recover from in a relationship is contempt. And when your wife pops into your head, you kind of have an eye roll, like you've lost all respect for her the way you're describing her and then you walk into the room and she feels that and every defense mechanism she has spins up and then you get in this weird dance where she's defending herself against you and you're defending yourself against her crazy cycle right and that's like i i will often say somebody has to be the adult stop the music stop the dancing turn the lights on and say what are we doing we are choosing misery at this point let's let's choose something different are you in

right yeah and uh sometimes like man i found myself like daniel getting frustrated over time with the way my wife was responding to things until i realized oh she's responding to me the way i talk the way I communicate, the way I announce what we're going to do instead of sitting down and coming to the table. And I've also run across people who get dragged around by their wives. So, I mean, who knows what the actual root here is, but they need to sit down and be adults and say, what are we doing? Yeah. I think you're way overdue to sit with a marriage counselor yeah way overdue and um you need to sit down with them um but uh i i'm gonna venture and say i'm we don't know any details except what is said here that this is a uh a young marriage uh with young people and um could be old people that are just

doing dumb young things but um but that that's I'm going to put it on you, Daniel. You said, I've tried talking to her, but she always ends. I think that tells me that you've tried talking at her. Right, like a parent to a child. Yeah, like this is what we need to do, and we're going to sell your car. Here's yet another scheme I've got for us. Yeah, here's something else. We're going to do this.

And instead of saying, all right, I'm worried, I'm scared about money, and I'm scared about our relationship if we don't get on the same page about what our dreams are and what our future is going to look like if we don't start dreaming together again and then discussing how to get there. This stuff around baby steps and budgeting

and financial goals and all that has woken that up inside of me that I want us to have a shared vision, shared goals, shared fears, and we don't have that, and it's worrying me. What have we got to do to get that going? And that is an honest question coming from your need, and if that gets her angry, now you've got real problems. But that probably is, I think the reason she's angry

is she's tired of being talked at. Yeah. There's something different between I'm scared versus here's how you're going to budget. Those are two different conversations. I'm putting you on a budget. Yeah. Yeah.

That'll fly. Those should be filed under things to never say to your wife yeah lead weight balloons yeah that's just not going that one's not going anywhere so yeah so if if some simple things like that daniel like re-approaching this and going look i'm sorry i came at this wrong but it's scaring me and it's a big deal to me that we learned to work together on this and you getting mad and stomping off the other room. I can't deal with it. It's freaking me out.

And so what can we do to where we can sit down and talk about our future and how we can win together on life? And it does show up in our checkbook. Um, and if she says, screw you, then, you know,

you may, you know, you, then you really have to sit down with marriage counselor, but it may just be on how to end the marriage. Right. Because admit that it already ended, but that's the thing. So, yeah, you're pretty much going it alone right now, son.

So I think you got to make some moves to fix that one way or the other. Either you get her to the table or you get her to a marriage counseling table, or if she won't go, you go without her. Go talk to the marriage counselor and let them teach you how to talk. Yeah, and before we move on from this, Dave, I think this is important to call out. He writes here at the end, at times it feels best if we parted ways. I always think about carrying a whole bunch of groceries up, and I'm a guy that likes to carry all the groceries at the same time,

just make one trip, and I've got 14 bags on one arm and something on my head and something on my other arms. I always overload myself. It always gets too heavy, and I always think I need to set all this stuff down. If I just set the groceries down, it's going to feel good for a minute. Then I'm going to have wasted all these groceries. We're going to have no food upstairs. I'm going to have two loud kids who are hollering at me. Sometimes what feels best right this second is not the solution long-term for your relationship. You got to take the hard path. You got to do hard stuff and sit down and have uncomfortable conversations if you're going to get to a place of peace on the other end.

Craig Rochelle, Pastor Craig's new book, he talks about one of the things that causes people to have positive change in their life is when they choose the right hard or the hard, right, the hard, right, the hard thing. That's the right thing. Yeah.

Choose the hard, right. The thing. And, um, choose the hard thing. That's the right thing. And that's what you're talking about here.

And it's choose to push through this, choose to get to the bottom of it, choose to own your part of it and apologize repeatedly and choose to move okay what is going to get us to the place we really want to be when we're 85 years old emily is with us emily is in illinois champaign to be precise hi emily how are you hi how are you guys we're great we're right up against the clock go for it okay I wrote this down to keep it quick. So I am a certified financial coach for a local credit union, and my husband let his life insurance lapse.

So it's been two months, and it doesn't matter what I say, he won't get life insurance. How come a certified financial coach is not doing a budget with your husband where you knew that it wasn't being paid? So it comes out annually and this is our, we've only been married for nine months. So this is our first go around with that. And I was like, Hey, you need to check that. It hasn't come out of the account that was supposed to come out. Can you check that? Uh, he was like, like no i think it's bumped in with yours and i'm like that's not how that works um and this has been the last two months so why does he not want to take care of

you with his life insurance i don't know well i think that's the issue that's what i'd get to the bottom of yeah i think that conversation sits down and you look across the table from him and say i am terrified and scared to death of what happens to me when you die. Will you please help me here? Yeah, that's what that's for. Take care of you. It's not for him. He doesn't need the life insurance. You do. If you're the beneficiary, that is. This is the Ramsey Show. if you're a new listener and you want to get deeper into all this uh backstory stuff like baby steps and debt snowballs go to ramsey solutions.com click on the get started button it's completely free by the way and we'll help you figure out the best next step for your financial

journey based on exactly where you are today. We will show you what to do next based on years and years and years of research and experience with our customers and success. So get started. Click it at RamseySolutions.com. If you're brand new, we'll get you moving. Jeff's in Toledo. Hi, Jeff.

Welcome to the Ramsey Show. Hey, Dave. thank you for taking my call my friend uh i just want to tell you right up front that uh um your riveting message has meant a lot to my family over the years and we did fpu about 14 years ago changed my life changed my family tree i'm honored thank you for that honored thank you. Um, my main question is, I think I did a little bit of a boo-boo Dave, and I, I'm kind of retracting from it. And, and I, I, I have a feeling that your answer is going to end up being not exactly what you want to say or what's best interest for me and my family. And here's why. So basically, um, my wife passed away about a year and a half ago of ovarian cancer.

Oh my wonderful Christian woman. Um, she was a warrior. She was, she was, she went through FPU with me many years ago. It wasn't necessarily her strength. I was the nerd in the family and, and, uh, took care of the finances, but she, uh, while during this cancer journey says, I think we, I need to leave a legacy for our adult children, our upcoming adult children. And I said, well, how do you feel you want to do this? She said, I think we need to go to the title lawyer and include our kids in on the, on the, and do a quick claim deed and include them in on 25% of the equity in our home, which we have a hundred percent equity on a home in Finley, Ohio,

that's worth right about between $750,000 and $800,000. So I really don't. So what I did is I was in the midst of really all hands on deck with her ovarian cancer journey, and it was very difficult, and I wasn't really in my right mind, and I signed it, and I think that releasing this money, because I'm actually getting married to a wonderful gal from Dallas, Texas, and she's incredible. We have a long-distance relationship. Long story short, I really feel that I'm putting a house up on the market, and we've already got a couple of potential buyers. Um, I know the children are,

my daughter's 18 senior in high school and my son is 21 down in Orlando. And, um, so basically what, what's going to happen is when we sell this home, they're going to get to the tune of about 175 K to 200 K each. And I feel like it's going to be, it's not going to teach them the right things. Yes, it is going to be an early... They each got 25%? Yes, I signed the quick claim deed. I thought you didn't give them a quarter.

You gave them a quarter each. A quarter each, so if it sells for $800800,000, they get $200,000. I got you. Okay. All right. I feel like it's teaching them the wrong message, and they're getting a windfall at a very young age. Now, granted, they have the right to do what they want with the money,

and I wanted to get your opinion on, am I not a man of principle if I try to retract this and get them signed back off of it before we fill this house? Or is it a good idea to solve ethics questions is get on the other side and walk in the mosque moccasins treat other people like you'd want to be treated kind of thing and so um i do not hear you wanting to take this money and buy your new wife a Mercedes, I hear you worried about your kids being burdened with the weight of this. That's what I heard you say. And so you are putting their best interest at heart, so that does not make you lacking in principle.

It makes you quite the opposite. What would I do if i were in your shoes uh because we do want to carry this equity into our home that we want to live we want to live in atlanta i think what i would do for sure is um i would do a will immediately and uh and a prenup that protects their portion uh were you to pass. Okay? And then I would ask them to lead it back to you, and then you say, I'm going to leave you all of the money from this house if I die. And at a later point, you know, as you guys get a little bit older,

I'm going to help you with some other things anyway but you're going to end up getting this all the money from the house not just a fourth each you're going to get a 50 each when i die and uh because i'm going to protect that with a prenup and i'm going to protect that with a will but my children are pretty bound and determined to get this money dave oh well that's then they're not going to sign the quit claim. If they don't want to sign the quit claim, if they don't want to sign it, you can't make them sign it. Yeah, I'm worried about the relational aspect. I think Dave's right.

You know, put yourself in your kids' shoes to the best of your ability to say you've told them this. This was their mother's dying wish. You told them it was going to happen, and now you're changing your mind. And we're not questioning the principle of the change, but you have to put yourself in their shoes. And what is this going to do to your relationship? And I think you have to consider that because that, to me, is the bigger long-term issue. Yeah. You added color to this equation when you said

they didn't want to do it that was the first part first time in the conversation we heard that part so that does change now again they're going based on hey this is our mother's wishes yeah what we see because it was now i was a little queasy well i don't care you did it wasn't in my right mind yeah you did it um i did it yeah this would have been the good time for the nerd to say no thank you that's a bad plan uh they're going to get it all when i die they're going to get it all when i die anyway and no i'm not giving it giving them a fourth of the quick claim sorry you know that would have been the conversation at our house but you know so that's water under the bridge now now you got

two kids are expecting this and don't want to sign the quit claim you are going to step in a relationship hole here uh and rightly so but i don't think it's a matter of you're a man of principle that's not the point uh the the point is more the relational thing that's going to get violated here and so i think i think they got the money dude i think you screwed up the only thing you can do the only thing you can do is try to influence them i'm sorry no yeah that my title lawyer just told me the same thing well there's no question from a title standpoint you can't do nothing but i was early in the conversation i was under the impression you could get them to be willing to sign the title back over

to you and now you're saying they don't want to do that well that's that you can't make them wrong is it wrong for me to persuade them and get counsel to reverse that so that we don't you know what what a tangled web we could leave here if you can persuade them without them thinking their dad's a dog that's the issue you got to be careful because they may think you talk about money here. You just said they think this was their mom's dying wish, and now you're fighting with angels. Do you want your kids thinking that you're greedy? That's the risk on this. No, absolutely not.

But I will tell you, I think that's the risk. There's a little of a tail wagging the dog here. The only thing I would probably do here is say, listen, if you all don't want me to handle this tell you, I think that's the risk. There's a little of a tail wagging the dog here. The only thing I would probably do here is say, listen, if you all don't want me to handle this for you because it was your mother's dying wish, I understand that. I really think it's unwise for you to get $200,000 at 18 years old. I'm your dad. I love you. And I think it's going to be a problem for you rather than a blessing.

But I'm not going to go back on my word. If you choose to give me this quarterback, I will protect you on it. But if you don't want to do that, then I'm not going to, I'm certainly not going to force it. I am going to do my best as your dad to persuade you to do smart things and not let this be a problem for you. But, yeah, it was a, you know, it's horrible to say in this situation but it's a really dumb idea i mean it's just uh but you're stuck with it now and yeah you can't force this you can't go in before the judge and go uh your honor we want you to reverse this because i really wasn't thinking clearly that one won't work right the judge is gonna go go, whoops, sorry about that. Stupid text time. So yeah, hopefully

you can just persuade them that their best interest is at heart. And if you can't, then persuade them to do something wise and let you help them, help lead them through good decisions with the money. But I think the money's probably gone. That's what it sounds like to me. This is The Ramsey Show. Hey, it's Ken. 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.

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