The Ramsey Show - App - Preparing for Early Retirement (Hour 1)

Episode Date: April 11, 2024

Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Number one best-selling author and host of the Rachel Cruz Show, co-host of the Smart Money Happy Hour, Rachel Cruz, Ramsey Personality. My daughter is my co-host today. Open phones at 888-825-5225. That's 888-825-5225.

Josh is in Sacramento. Hey, Josh, welcome to the Ramsey Show. Hi, nice to be here. Thank you. Good to have you. How can we help? Yes, so I'm 50 years old. I'm currently in baby steps five and six, and I met a wonderful woman a year and a half ago. We're now engaged. Yay! Yes, and she's in baby Step 2, and she's the one who got me into you. So she's in Baby Steps 2. She has debt. She has $16,000 in credit card debt and $65,000 in equity line debt.

She's going to be moving in with me in a month, and her house is worth $600,000. She owes $300,000. Her mortgage is only $600,000. She owes $300,000. Her mortgage is only $1,700 at 2%. And we're looking at renting it out so we can get about $3,000 a month. But my question is, sell it, have $200,000 out of it, and be debt-free? Or rent it out. And, um, can we rent it out for three up to three years and not have capital gains? Um, and she wants to handle her debt. If we don't sell the house, she wants to handle her debt. She doesn't want me to help. We're

engaged. We'll probably be engaged for about a year. And I know after that, then I'm going to be more hoping to contribute to her debt. But up to the time we're married, she's kind of standing firm with wanting to handle this herself. So when are you guys getting married? We're looking at next spring, summer. Okay. So a year. Yeah. You said a year from now. Yeah. So I wouldn't do anything combining anything until that happens. So if she wants to sell her house, rent her house, whatever that is, take care of her debt. I mean, I still see this as two completely separate finances until you guys get married. And then at that point is when I would, yeah, I would probably

just sell her house at that point and take that equity. And for you guys, yeah, to pay off her debt, to have some savings. I mean, do you have any savings, combined. And then she's not contributing right now. I'm contributing with my job. And so we have that, but I have about 90,000. I have 40,000 in my high yield savings. And I have about 50,000 between my checking and my Robinhood account that I could do money with. So I have about $50,000 I could do money with. Let me ask you something. Yes, sir. Why are you waiting a year to get married if she's moving in?

That's what we feel is the best for us right now. That's not an answer. Why? Why do you feel that's best for you? Because we just got engaged a month ago, and we didn't want to get married right away, but she is moving in in about a month. Okay. Okay. she is moving in in about a month okay um well what i was going to suggest is just get married um yeah solves the whole thing you know but but if you're not going to get married keep everything completely separate like rachel said

until you're married and she should not sell her house until she's married okay because she might need a place to go yes i understand that's my biggest concern and i really wouldn't i really wouldn't even i mean i don't even think i would rent it but uh because then you still don't have a no i i mean so i know i i might not even rent it i might let it sit there but if you want to rent it for one year i guess you can and you're right you can rent it three of the last five she can rent it three of the last five and still consider personal residence and there's no capital gains on up to a half million dollars married filing jointly so okay uh if she sells it after you're married she can make up to a half million dollars on the property and have rented it for

one year um that would be fine if you want to do that can we rent it up to up to three years if yes three of the last five Yes, three of the last five. Okay. Okay. Three of the last five. So, I mean, it's kind of weird. You could actually rent it and then move a renter out and live in it two years and then rent it two more years.

So three of the last five. You know, you can do it that way, but I wouldn't, obviously, wouldn't do that. That's just strange. But that's how the law says. So the regulation on it. wouldn't do that that's just strange but um but that that's how the law says so uh the reg the regulation on it so yeah just do not combine anything and do not make any of these permanent moves and she's right run everything completely separate um while your roommates and until then and uh but honestly you're 50 freaking years old you're setting up and playing house

uh you might as well get married that's my opinion but you didn't ask my opinion and you've already quote thought this through unquote but i don't i mean you're doing you're making all these moves as if you're married but you're putting off the marriage which then it's not that that's not logical it's really not so uh if you were if you were 22 or something i might say well okay whatever but have a little longer engagement but you're 50 yeah it's not your first ride on the cabbage truck dude i mean seriously so um yeah i i'm just thinking that's what would i do if i were in your shoes um if i'm willing to move in together i'd'd be willing to get married. That's what I would be doing.

There's a lot of benefits to that whole discussion in addition to the financial and legal implications. Yeah. But if you're unsure about the quality of the engagement leading to a marriage, you shouldn't be doing all the things you're doing. Which is more of the reason for her to keep the house and keeping everything separate. Yeah, that's a mess. Okay, good question, man. Thank you for joining us. Open phones at 888-825-5225.

We appreciate you hanging out with us, America. This is your show and uh listen all of you whether you're 22 or 52 we have seen disasters in people's lives when they combine their finances and are not married putting their names on each other's debts and then she gets stuck with the ex-fiance's car yeah well i mean it's just all of it worse than that he drives off on and it's got your name on it and you know that was the breakup you know and uh and we've had that one so and then doesn't pay the payment on time or gets repoed and guess who got repoed the the ex-fiance they got ditched yep and so are we worst thing has bought a house together and we're not married. Oh, man.

The list of stupid things that that violates is long. You really get yourself in a mess. A car is really bad. Bank accounts are really bad. Sharing the mustard is bad. But going on, man, buying a house. Oh, please don't do this. Please. This is the ramsey show

number one best-selling author ramsey personality rachel cruz is my co-host one of the books that she had a number one was a children's book i'm glad for what I have about contentment. It's a sister piece is coming out next week on the 16th. It's called I'm glad for where I am with fabulous illustrations by Lauren Gallagos. She's incredible. The internal illustrations are absolutely amazing. She just does a great job. Quick short book all about gratitude. First one was about contentment, right? Yep, that's right. Yeah, gratitude, contentment, and generosity are the three big subjects focusing. So this book is the gratitude one.

And just really, I mean, it's amazing teaching kids these kind of bigger principles of life. It really can be that simple. It really can be simple in a sense that going back to the basics, and that's what this book does of the foundational piece of gratitude is the stuff that money can't buy. And that for a little one is their home. It's their family. And getting to that foundation level of it is what I wanted to do with this book. And so it's sweet.

The animals go on a little adventure and they find gratitude for their families in their home. And it's short. Parents, you are welcome. And it rhymes. And yeah, Lauren Gallego stood amazing with the illustrations. Beautiful. And it launches on Tuesday. And I'll be traveling around.

I'll go to Phoenix and LA and Dallas and Atlanta for some book signings. So you can go to RachelCruz.com and get the schedule for all of that. And actually, I think Lauren, I think might be, maybe speaking too soon, might be joining me in the L.A. signing. So you'll get the illustrator and the author at the bookstore. So it'll be fun. I bet you might get a cool signature from an illustrator. I think you will.

I think you will. Yeah. Very good. Very cool. Good stuff. Good stuff. from an illustrator i think you will i think you will yeah very good very cool good stuff good stuff yeah if you uh if you have an adult that has learned contentment gratitude um you know these things are absolutely it's amazing what it does for their lives um and and so it's very

difficult to overspend when you have gratitude and contentment. Yep, that's right. Most overspending has something to do with something opposite of those things. And so what you're doing is putting that foundation in there. Also, coming up the first week of May, the book Find the Work You're Wired to Do by Ken Coleman will be out. And it includes his Get Clear Assessment. You'll get a code for the assessment, which you can just get online at ramsey solutions.com almost 100 000 people have taken the assessment already and it's all about getting clear in your work and finding the right things

you need to do going the right direction with that it answers the four questions big questions about life and work who you are why you're wired that way, what you want to do professionally, and how to get there. And the book walks you through how to read and how to implement the assessment. And so a little different type of book for us at Ramsey. But both of those coming out, Rachel's next week and Ken in about two weeks at the first of May. So you can preorder both of them and get all kinds of pre-order specials at ramseysolutions.com. Kylie's in Augusta. Hi, Kylie. Welcome to the Ramsey Show. Hello. Thank you for having me. Sure. What's up? I have a question for you. I am 35 years old. My husband will be 40 in August and we are active

duty military family. He is the active spouse. I stay at home with our kids, but I was active duty for five years and left to stay at home and raise our kids. He is looking at retiring. We want to retire or at least stabilize. By the time my oldest is in high school and he is in sixth grade right now. So within the next five years, we're looking at leaving all of this behind. And so I need to, I'm panicking because- Will he have his 20-year mark at that point? Yes, he will be past his 20-year mark. He'll be, I believe, at 24.

Okay. And you didn't quite get to 20, did you? No, I did not. Well, thanks to both of you for your service. So you're both going to have military retirement. Obviously, his is going to be substantial in those situations. So when you say retire, what do you mean? He's going to do nothing?

Well, I would like for him to do nothing, and I would like to take up the role. So we have a substantial gap between our two children. Our oldest is 12. Our youngest is two. He just turned two. And so I would like for him to stay at home and kind of enjoy his retirement that he's worked these last 24 years for and take up that mantle of, of filling in the gap of where, so we're going to lose a lot of military allowances. Um, his pension is going to, you know, cover a whole bunch, but we're going to have to

think about buying, not think about, we're going to have to purchase a house. Um, we have no debt. Um, our kids' college funds paid for one, our oldest has, uh, the post-9-11 GI Bill, so he's covered for college. And then I, we're putting my SGLI, not my SGLI, not my life insurance, but my TSP account has about $35,000 roughly now, and we'll use that. We're just going to leave that alone until my youngest goes to college. How old will your husband be when he retires um probably 43 to 45 and you'll have a six and you'll have a six-year-old at home we'll have a six-year-old yes at that point okay um you're you're not gonna like me but i'm gonna

tell you what i think anyway okay because i because i like, and I appreciate the service you've given to our country. A guy that comes out of the military in a highly structured, very mission-driven organization and comes home with a six-year-old is going to be a very unhappy person. Yeah. He's going to need a task. He's going to get emotional whiplash. So the dream is, another issue with this is that I am a horse person. So we're looking to get basically a hobby farm, if you will.

We just kind of want acreage, and he wants chickens, goats, the whole shebang. I just need a couple of horses to train and sell and train and sell just to kind of stay happy. And so we're going to need to, right now, we have zero debt. Our kids' college funds paid for. This is all, I just need to bolster some money so that we can buy a house with cash, not go into any debt. So where are you going to get the money to pay cash for a house in four years? I'm confused.

Okay, so my husband makes about $11,000 a month. We have no debt. So how much are you saving a month? How much are,000 a month. We have no debt. So how much are you saving a month? How much are you saving a month? How much are we saving a month? Oh, man. So we are saving about, let's see. So it says here on his little budget notes

that we are in the green monthly balance about $2,300. That's $30,000 a year for four years is $120,000. No hobby farm for $120,000. No, no, uh-uh. And he's got about $700,000 in a TSP account. Yeah, but you can't access that. No, so he will be able to pull some some of that out very little very little until he's 59 and a half it's tiny okay okay that's not going to happen with cash then oh goodness yeah so you guys that

you're doing exactly what you should be doing we're just doing it live on the air in front of everybody. But what you need to be doing is to lay out exactly where we want to go, your desired future, as my friend Henry Cloud calls it, and then what must be true that's not true today. Okay, so here's the budget for the hobby farm. Here's what our income looks like now. Here's how we can throw money at it. What can we adjust what

has to be true and we got to get a house in the meantime you know and and what does our careers look like on the other end um and so you you know prior to me being blunt with you you had planned to go play with horses and he was going to babysit a six-year-old and i uh that might work some guys can do that but but i gotta tell you you're asking him to make a dramatic change in was going to babysit a six-year-old. And that might work. Some guys can do that. But I got to tell you, you're asking him to make a dramatic change in his daily activities and the neuroplasticity of his brain is really going to have to go into overdrive to make that turn. The whiplash is going to be pretty incredible.

And maybe there's a season of it, Kylie, that he takes six months and he's just kind of, you know, he's home and all of it. But the long-term plan of that may not be what he wants either. Yeah, let's look at that. So, again, I think you're doing the right things. You just got to continue to dial out the details of how we're going to get there. What's the battle plan, to use a metaphor from your world? Rachel Cruz, Ramsey Personality, is my co-host today thank you for joining us america hey if

you guys want to help us out we can use some help you want to help us here's what you do click the share button on your uh computer if you're have a particular platform you're listening or watching us as a share button, do that or cut the, just cut the link out and send it to somebody and share it. Say, folks, listen to this show or watch this show. Subscribe, click that button, follow, whatever it is, and, you know, to where you're regularly getting the feed. That changes the algorithms on these shows a bunch

and allows them to be put in front of folks. And it's caused our uh listenership our viewership to go way up in the past two years pretty amazing and those five-star reviews they actually help too so thank you thank you thank you those of you that have something nice to say we appreciate you among the rest levi is with us in phoenix hi levi how are you hey very good thank you all for your time. Sure. What's up?

Well, I have a student loan question. I have $400,000 student loan debt. It's broken up into 14 disbursements with different principles and interest rates. But I also have $35,000 sitting in savings. Wondering how I should allocate that best. Wow. What's your degree in? Pharmacy.

Okay. So you make a 150? No, 130 before tax. You paid 400 grand for a pharmacy degree? Well, not yet. What do you mean not yet? He's in debt. That's why I'm calling you sir. Nope, I haven't paid for it yet. What do you mean, not yet? He's in debt. That's why I'm calling you back.

Nope, I hadn't paid for it yet. It's actually very accurate. Good for you. Wow. Wow. Well, yeah, you know, it's going to be a little while. It's going to take a bit. I mean, if you lived on $35,000 a year and put $100,000 on it,

you've got four years, right? That'd be great. Now, are you single? I am. Okay. Can you pick up some weekends at the hospital and stuff? Well, in retail, yeah, we can pick up extra shifts. Shifts.

What kind of income can you add if you go crazy for a short period of time? Like a couple thousand a month. That's good. Another 25 a year. Okay. Yeah. See, that's a big deal. That is.

And then, you know, so what I'm going to do if I'm in your shoes is I'm going to live like no one else so that later I can live and give like no one else. I'm going to get on beans and rice. I'm going to work all the time and i'm going to throw all but a thousand dollars is 35 at these i'm going to list these 14 loans smallest to largest and start attacking paying minimums on everything and start attacking the little one with a vengeance and i'm going to take all the ot i can get because if we had 25 000 to the, you might do this in three years. Nice.

But that's living on nothing and no life. Understood. But you're clear in three years. Otherwise, you got a 10-year program, right? Yes. And I'd rather sprint for three years than limp for 10 right the budget is i have my budget very tight planning put everything extra towards it every day um i'm just i was wondering about that yeah i would lump i'd take it down to take it down to a thousand dollars that's maybe step one

everything that is not retirement and no money going into retirement and no eating out and no vacations. And we're just in attack mode here, dude. I mean, this is war. And that when you and I can kind of hear that in your voice. I think you're dialed in. I think you're ready to go. Your only question was about do I really clean out that thirty five thousand? Yeah, I really would clean out thirty four of it.

And again, that helps us move the needle I think you can do this in three years but it's going to be three years of hell and we've talked to people that you know that have done this exact equation and they'll be on the debt-free stage and you look at the numbers like holy crap and then the income goes up right they there's always a boost of income even with just your salaried position um as a pharmacist like you'll you'll get increases right as these years go on too but it is it's amazing when you talk to people and they were like that the number one thing in a situation like this it will be work where you just say i'm going to get my income up and i'm going to work all the overtime i can and

you know the beautiful thing about working all the time is you don't have time to spend any money and it's not forever like the last step free scream remember she took she worked two jobs and she put in her notice the day she like paid off the debt she's like i'm done i'm done with that other job because i don't need we had one yesterday lady had two babies at home and uh when they hit submit on the pay off the mortgage yeah they're 28 years old paid off their mortgage oh my god the the next thing she hit was sinned on the resignation email you know that that day this said that two two pieces of paper went out the computer that night two digital pieces of paper went out and so um and she wasn't mean about it i mean she was thankful for her job at the bank but quit the bank job and went home yep yep i love it josh is in columbus ohio hi josh how are you i'm good how are you better

than i deserve what's up so uh i actually just inherited um about 340 000 for my grandparents which is amazing yes um so i you know i just i've been trying to do some research and I just don't know what the best course of action with that money is. Do you have any debt? Yes. I have student loan debt. How much? 50,000. 60? 50. 50. Okay. $50,000. $60,000? $50,000. $50,000, okay. Yep. I'm married.

My wife, she's basically out of debt herself. She's paid off almost all of her loans. So that's pretty much it. Basically almost. How much does she have left? I think she has like $7,000. Okay. How much do you all owe on your cars?

I owe $7,000 on my truck. What does she owe? And she owns her car. And how long have y'all been married? 12 years. Well, we've been together 12 years, so we've been married, too. What's your household income? $120 a year. Good for you. Okay. Kids? No kids. No kids, okay. And any money saved just in a high yield or anything? Yeah, so I put that inheritance into a money market,

and then I also have like $7000 cash and about 11,500 in like a Morgan Stanley you know trading account. Very cool good for you all right all right so what we teach folks Josh is the number one key to building wealth. Your number one most powerful wealth building tool is your income. When you give that away in debt, it kills your ability to build wealth. Your grandparents probably avoided debt. It's one of the ways they had this kind of money. And they were very conservative and careful and intentional.

And that's all you need to be. So do you own a home no no that's something i want to do yeah i think that's a good idea so the first thing we tell folks to do is get a thousand dollars saved that's maybe step one you've already done that two is pay off all of your debt so immediately we're going to pay off all the student loans and the car debt immediately right okay and then you need an emergency fund between the Morgan Stanley the 7,000 and the 350 minus 57 is you pull out some emergency fund of three to six months of expenses and so in your world that's probably a $25,000 emergency fund set to the side never to be touched except for an emergency in a money market account.

It's not for purchasing things. It's for emergencies. Okay? Then whatever's left, you could use as a down payment on your home. Or pay cash for a home in Columbus, Ohio. Yeah, I'm actually like, I do home remodeling, so I kind of want to buy something low and build equity in it myself. Don't make your wife live in something while you rehab it.

Right. Bad husband. Okay. You'll probably have around 280 left, Josh. I mean, like, yeah, you guys, it's a good head start if, I mean, if you can find a house. Yeah, if you can get something like that and build some equity into it while you live in that apartment, go ahead and do the rehab and end up with no more than, and have it paid for. Oh, my gosh. You got a huge leapfrog into the future.

And the only warning sign is that this inheritance wipes out all of your bad decisions that you guys have made with student loans and car payments. So don't go back into debts because you don't feel the pain of sacrificing it, of getting out. So just be aware of that. Thank you for joining us, America. Derek is in Delaware. Hi, Derek. Welcome to the Ramsey Show. Hi, how are you? Better than I deserve. What's up? I have a question for you. In January of this year, my car that I just paid off last October was rear-ended by a drunk driver and totaled. And I'm a new-to-yard truck driver. I'm gone 10 months out of the year, and I'm currently in the process of building up my trucking company. In about five years, I'm hoping to have six to seven trucks and drivers

running for me. And right now, I don't have a car. So my question is, while I'm gone for the next couple years, for 10 months of the year, should I rent a car when I'm home for those two months a year, or should I buy a car and have it financed and just sitting in my driveway for 10 months of the year? Okay. I'm a little confused. Why are you off two months a year? I just like trucking. It's what I'm passionate about.

No, that doesn't mean – I said why are you home two months a year? I go home for Christmas and birthdays. And you take an entire month off? Yeah, a month off at a time. Okay. So that's just the way you're running two months of vacation? Yes. While you're doing this.

Interesting. Okay. And they're not contiguous months, meaning they're not connected. They're two odd months separated, right? I take off the entire month of September. Yeah. And I take off December 20th. Yep.

Into about the middle of January. How much did you get for the insurance payment if it was totaled? I got $18,000. Why don't you just go buy a car with that? Why do you have to finance it? Because the car I want is about $40,000. Why do you want a car that's going to sit there 10 months a year? No, I would not do that.

You don't need a $40,000 car to sit in a garage. Yeah, that makes sense. And it going down in value and you're paying insurance on $40,000 car to sit in a garage. Yeah, that makes sense. And it going down in value, and you're paying insurance on $40,000, and you're paying taxes and title on $40,000 to sit there. Now, if you want a car just to sit around versus renting something, you buy a cheap car to do that, just something to get around while you're at home. But if you want to drive a forty thousand dollar car two months a year you should rent it you should go to you know whatever

yeah but is that a smart financial move long term wouldn't you rather just have a ten thousand dollar car i might i might rather have a five thousand dollar car or a five i mean like you know but no i would not have a forty,000 car sitting in the garage collecting dust in your situation. I only plan on being OTR for about five or six years. Well, I know, but after five or six years, buy a car. If you want a $40,000 car when you're off the road, when you're not over the road anymore, then that's fine because you're home driving a $40,000 car. If you pay cash for it and you're making $80,000, yeah.

I know, but two months of renting per day? I like that just gets expensive it can yeah yeah you know the cheapest way to do it would be buy a five to seven thousand dollar car that that just is for transportation during this period of your life while you are only needing it two months a year yeah it's that it's that that's the best financial move the other doesn't make sense at all um is and you know you just told me you have this goal of getting all these trucks and every dollar you type in a stupid car keeps you from going towards the goal of that truck so you know if i'm you i don't care what i drive because i'm trying to build a company and now after i get the company built maybe i'll get me something nice right um because i'll be making bank at that point but

you get 10 15 trucks running around then you're making some money and drive you can drive your 40 000 car then if you want that's not a problem but no i wouldn't definitely not put a car i wouldn't buy a car for cash that was 40k and leave it in the garage in your situation because in one year it's going to be worth 30 in two years it's going to be worth 20 while it sat there and that that's what you know they go down in value like a rock that's where chevy got that like a rock steve is in cape cod hi steve how are you hey how are you better than than I deserve. What's up? Me and my wife are 60 years old. I'm still working.

She's retired. We owe $135,000 on our house and our mortgage at 2.5%. We got about six more years left. And we need to do some work on the house in addition and stuff. We have $140,000 in the bank. How much is your mortgage balance again? $135,000. $135,000. And what's your household income?

$200,000. And what kind of work are you wanting to do to the house? It's only 1,300 square feet. We need to make it bigger and better. How many people live there? Us two and two of our kids. How old are your kids? Hopefully they're leaving soon, but one of them is going to be here for another two years,

and one of them is supposed to be leaving. How old are your kids? 25 and 20. Yeah, they need to leave. That'll solve that. No, I know, but there's some renov, they need to leave. That'll solve that. No, I know, but there's some renovations we want to do. Okay, you want to do some renovations for the two of you. That's fine.

How long have you lived in this 1,300-square-foot house? Since 2017. Okay, what will it cost to do the renovations? 140 grand. Okay. All right. And you make 200. All right. And your house payments, how much now? It's 2,500 a month. Okay. We took out a 10-year note for two and a half, about three and a half, four years ago. Okay. And you have 140 in savings, right? Yes. Yes. Yeah. So Steve, you called here with one game plan and our goal is

going to be to change your game plan for your good okay okay uh so if i woke up if i woke up in your shoes you don't need to do this renovation for these kids you know that you're doing the renovation for you and your wife but you've lived there now exactly for you've already lived there for uh about eight years and you've survived so far so i do want you to do the renovation but it's definitely not an emergency because the kids are leaving and you put up with it for eight years you can put up with it for a minute more now so i'm gonna take the 140 i'm gonna pay off your mortgage today you're 100 debt free then and i'm gonna sit down with the wife i'm gonna get on a tight budget, and I'm going to try to,

with no mortgage payment, I'm going to try to save $70 a year for two years and do the renovation with cash two years from now after the kids are gone. Okay. And you got zero debt all of that time. Zero debt's a cool place, dude. You ain't never lived there in your whole life, have you? Yeah, we're going to retire down here, that's for cool place dude you never lived there in your whole life have you yeah yeah we're gonna retire down here that's for sure yeah yeah and cape what do y'all have in what do y'all have in retirement steve i'm sorry i just got him oh no you're gonna go ahead

what steve how much you got in retirement i get about 600 and a 401k i got two pensions and i got some profit sharing that's worth about four or five hundred good good and you said you're 62 i'm 60 60 and what's this house worth today uh it's probably a million yeah so you're worth a couple million dollars right now good for you way to go home run home run and you so you deserve a nicer you've earned a nicer house and so um yeah yeah i i think you need to get a better house but i would do it with cash in the next two years and i'd take it pay off my house today yeah it's a different order than going renovation and then paying off the mortgage in in eight years and i will say this since you're

over 59 and a half you could use some of that retirement to do the renovation i wouldn't have any problem with that at all as soon as the kids are gone but i don't want you doing any renovation that causes them to stay it's not good for them they need to grow up it's good for them an eagle that doesn't leave the nest is eventually called a turkey i know so it's So it's really good for grownups to be grownups. It's a neat thing when it happens. And so it's not hardcore. It's not being mean. It's actually the kindest thing you can do is to help the people that you love be what God designed them to be

and have the dignity of standing on their own two. It's a good thing. It's a powerful thing thing and so recommend it highly and uh i think you're i think you're going to enjoy it and they are too so yeah i as soon as they're gone i'd pull enough out of retirement to do my renovation even if you hadn't saved it up yet but i'd pay off your mortgage today that's a good question very good question and what a great guy two million dollar net worth he did it and cape cod in cape so just like dreamy yeah there you go third hey 1300 square feet in cape cod ding ding

ding ding a million bucks right there yeah that's uh that you just see those little things rolling over on the slot machine right then that's just happened right those little dollar signs right there this is the Ramsey Show. Take care.