The Ramsey Show - App - Preparing for the Worst While Walking the Baby Steps (Hour 3)

Episode Date: June 12, 2023

Dave Ramsey & Dr. John Delony answer your questions and discuss:  "Should I let my parents pay for my vehicle repairs?" Walking the Baby Steps while battling cancer, Contributing to an HSA while paying off debt, How to use a large inheritance, "How do I get out of $56k of debt as a single mom?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage Studios, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual, amazing relationships. Open phones here, Dr. John Deloney, Ramsey Personality, is my co-host. It's a free call at 888-825-5225. Clayton is with us in San Diego to start off this hour. Hi, Clayton, welcome to The Ramsey Show.

Hey, guys, thanks for taking my call. Sure, what's up? So my question today is, is it a smart decision to accept my parents' help to pay off my debt? To give a little backstory, I'm 27 years old, making $85,000 a year. I currently have $30,000 of debt, 25 of that is in credit cards, and five of that is a card note. I just recently had to put in $10,000 of repairs in my car. And my parents are offering to help pay for half of that.

And I just recently kind of stumbled onto your guys' show and binge watched it on YouTube. And I have heard that that might not be the best idea going forward. So just wondering how to figure out how to... So your mom and dad are offering you $5,000 in assistance as you start walking out of debt. Yes. What strings are attached? Well, nothing. I mean, they're, they're a great support system. They, I haven't relied on them for, you know, any bills or anything like that for probably 10 years now. Um, and you're 27. So since you were 17, uh, since I was about 18, 19. Yeah. Um, I moved out around then and

started working. So why now? Uh, I think my, my parents just know how stressed i was for uh you know i was working on getting out of debt and then um i was i was chipping away at it and then having a ten thousand dollar issue um i this car has been i've had it for about five years and i've put about twenty thousand dollars into it so they know that it's been an absolute headache for me so i think that they're uh you must be the worst at purchasing car repairs. What in the world? You spent $30,000, literally? You're not exaggerating, repairing a car. $20,000. $20,000. Oh, including this 10.

This is, yes, including this 10. And what in the world? Did you rebuild the whole car? I mean, I've had an air conditioning. I've had, like, multiple sensor issues. And then this recent one was a hybrid battery replacement that was about $9,700. Yeah. Oh, you're driving a battery. Yes. A Tesla.

No, it's an Audi. It's an Audi. But it's an electric vehicle. Yeah, But it's an electric vehicle. Yeah, but it's an electric vehicle, yes, sir. Oh, that e-tron. I know. You're telling me. No, you told us, and we're not laughing at you.

It's with you, but it's kind of at you. Yeah. Yeah. Ouch. So something is stirring in your soul. My guess is you went down a rabbit hole, watched all these videos of the Ramsey show. You're looking at your financial position.

You make $85,000 as a 27-year-old, which means you're crushing it, and you can't breathe. And the more you listen to this show, the more your heart's beating a little bit faster and a little bit faster and a little bit faster. Is that fair? That is absolutely fair. And then your control-alt control all delete doesn't work on your rolling girder or whatever you got in your car there. And now you're in a mess. So the, the car is the car been fixed now already been fixed. The car has been fixed. Um, so I, I did use this as before I realized this was an absolute no,

no, but I did use debt to, debt to pay for the repairs on the car. So I put it on a credit card, which that adds into the $25,000. I got you. Yeah. And what is this? What's the Toyota battery worth? The car, I mean. What's it worth?

No, it's not. It was an Audi. Audi, I'm sure. Like a Billy button. It's about $13,500. So we're getting about $13,000. I have it on the different sites for about $14,000. So what is bothering you about your parents offering you no strings attached?

They have a good relationship with you. You've been living on your own, not with any help at all. There's no pattern of subsidy. What's bothering you about $5,000 worth of help? I guess I just want to know that there is circumstances that do make it a smart decision or okay to do. Where there's not a pattern of you being a parasite, it's okay. Yeah, okay.

This is just a gift. It's like a wildly generous christmas gift but or where there's a pattern of mom and dad now get to help you make all your decisions because they are going to invade your life because they're control freaks because they put some money and we wouldn't we wouldn't do that one i didn't hear either one of those things here or it becomes an entitlement you expect this forever so you've been you've been managing on your own you made some mistakes but welcome to life you're not doing horribly you're just not doing great and you had this battery blow up and they want to give you 5k i take it they have the money uh they do they're not you know they're not rolling but they're but they do all right for themselves they're not having to borrow the money to give you $5,000. No, no, they wouldn't.

All right. Well, I would tell you to not engage in a pattern for your sake, for your dignity. This is not a pattern. It's a one-off. It's an anomaly. So if eight months from now they want to do it again, no. No.

I think we're just – this helps you turn the corner on this new adventure you're on to become debt free but they've not been supporting you you've been supporting yourself for seven eight nine years and uh and they're not control freaks i haven't heard a single thing that is are you going to tell me something in just a minute that i haven't heard yet no no there's nothing hidden or anything like that. I think it was just maybe like a, uh, a pride thing or not. Hey, that's a good kind of pride to ask the question. So, uh, but you know, uh, uh, my kids do fabulously. They make really good money. They stand on their own. They've done great on their wealth building and you know as

part of my estate planning i may just dump some money over there but it has nothing to do with them uh you know it has nothing i'm not doing that but i mean it could but i'm just saying it has nothing to do with me controlling them it has nothing to do with them being needy and a parasite living in their mother's basement playing video games that's not what we're doing you're a stand-up citizen making 85k in san diego california you're not rich but you have a plan and now you've got a new nuanced plan that gives you some traction i'm proud of you let this be the fire that engages this system so that the next time and it would there will be a next time when a car falls apart on you that you don't have to call mom and dad, that you've paid off this debt, you're staying on your own two feet, and the $85,000 goes to you.

I don't even think you called them. They called you. Yeah, I was just kind of, you know. You were whining about it, and they said, hey, we'll help. Yeah. Yeah. That's fair. So, you know, maybe passive-aggressive calling. Yeah. He didn't call and beg for money. Yeah, so that's fair. So he, you know, maybe passive aggressive calling. He didn't call

him big for money. Yeah. So that's, that's cool. Clayton, I like you. I think you're a good guy. I think you're heading the right way, man. Yeah. Accept the gift and make this be a, let this be a never again moment. Yeah. I'm going to give you another gift. So except this one, we want to put you through financial peace university and accelerate this process. So mom and dad will throw a little gas on your fire. We'll throw some on your fire. We want you to go through the program the whole nine weeks. If you promise to go through it, we'll give it to you free. Hang on, Austin will pick up.

Dr. John Deloney, Ramsey Personality, is my co-host today. Our team's been doing research on mental health in the workplace. It's not looking good out there, guys. Employees say the last month they felt stressed, burned out, overwhelmed, even angry at work. And if you're a business or HR leader, you may be seeing this firsthand. Your employees can be distracted, exhausted, maybe even quit or ready to quit. Here's the deal. Good leaders take their employees' well-being seriously,

and because it's good for both your employees and your business, when they're well, they can bring their full selves to work, and you can help them do that. This is Employee Well-Being Month, and that includes financial wellness. Now, major companies across the U.S., like U-Haul and Costco and many others are teaching our curriculum to their employees. It's called Smart Dollar when it's done by the HR team. And lots of companies furnish our stuff to show people how to become wealthy, get out of debt, get the money piece straightened out, that lower stress big time.

Go to RamseySolutions.com slash Employee Wellbeing to check out some free resources. RamseySolutions.com slash Employ well-being to check out some free resources ramsey solutions dot com slash employee well-being jared is in salt lake city hey jared welcome to the ramsey show how can we help yeah hi hi john hi dave how you doing today great man what's up good hey so i have a bit of an odd question so about a year ago, I was diagnosed with brain cancer. You don't feel too bad for me. You know, I still got my hair. I'm up and walking. But the diagnosis comes with about a 10 to 15-year time horizon for death.

I'm 32. I have two kids and a wife. We're in steps four, five, and six, as far as the baby steps are concerned. And really my question is just, so I intend to beat this diagnosis. However, I do want to live with the brutal facts and just want to know if there's anything I should change or adjust about the plan that we have laid out to take into account that I may, you know, evaporate from being the financial provider for my family in a decade. Wow, man.

How long ago was the diagnosis? About a year, about a year ago. Man, you process this and, you know, the tone of your voice and the way you present the story just as incredible courage you sound so strong I mean it's I'm I'm about to cry but you sound so strong Jared have you gone robot mode no no so when I first got this diagnosis it was a lemon sized tumor in my brain and they told me I had six months to live. I was lucky that my tumor is about as weird as I am, and because of that, they found out, no,

you don't have six months. The structure of the genes in this tumor mean that you've got about 10 to 15 years, not six months, and so I sat in that first diagnosis for about a month before they got the testing back. And that gives you a lot of time to kind of process. Yeah. And then, you know, you got like a 10 year gift is the way you've been looking at it. Exactly. Exactly.

Good for you, man. How old are your kids? I've got a three year old and a one year old. He was actually born the same month of my surgery, my craniotomy. Wow. Okay. And so let me go back now that i'm breathing again what was your question exactly how can you best prepare you're in baby steps four five and six and how can you best prepare okay yeah so we're we're anticipating i'm going to live for a really long time but i have also been given the blessing of knowing that that might not be the case and how do i change my plan to uh to adopt that knowledge in a nine and a half year bonus plan

at i don't yeah roughly yeah so possibly probably okay um the way i answer questions here is what would i do if I woke up in your shoes? I can't imagine because I've never been there. The first thing I have done years ago and I would do over and over every morning and I have done over and over every morning is just make sure I'm spiritually in order. I've got my spiritual house in order and that's inside of me and it's between me and God. And in my case, I'm a Jesus follower. And so that becomes a huge, huge deal in these scenarios. Now, once I've got that going, then for me, then the second thing I'm going to be John said, in robot mode or in freak out mode or in, I'm not doing more damage than, you know, than good, you know, with this diagnosis. And so, you know, it's the, yeah.

And the third thing I'm going to do is go ride a bull named Fu Manchu. I mean, I'm going to do a bunch of stuff, right. And so, uh, uh, which I do, I've always done that. I jumped out of an airplane, made John Deloney do it with me last year. So, um, you know, you might as well, you know, and why not? And, uh, and then the fourth thing I'm going to do is a question you're asking. So is the financial, and I've already done all of that now also, so I can speak that what I would do is what I've done, a detailed will, and I'm going to write letters to go with that will for weddings and for births of grandchildren that I might not be there for,

and I'm going to have a lot of discussions with everybody that's around as to exactly how I want this financial thing to go down, and it's all going to be written out in a detailed will, exactly how I want the money handled for the good of my family, right? And by the way, that's what I have. I have a ridiculously complicated and detailed estate plan, but that's one way I say I love you to my family, and that's what you're asking, so I want you to make sure that that's done. And if you spend a little money on that, it gives her peace of mind. It gives you peace of mind.

One less thing to think about as we deal with really important things and money's not on that list, right? So then as far as the rest of it goes is I'm going to live like I'm going to live. And so I'm going to keep working four, five and six. Simple, you know, keep working four, five and six simple you know keep working four five and six get you know keep putting money away for retirement she can use that if you don't make it you can use it if you do make it i'm gonna keep putting money away baby step five for kids college they're gonna need that uh baby step six i'm gonna get the house paid off the closer i get

net paid off the better off i'm gonna be if i stay and better off she's going to be if I don't and so on. Right. And so, you know, you get you get real tactical and read real detail. But these this plan works, whether you whether you're here 10 years or whether you're here 40 years. So it's the best one I got. And I would just keep working it exactly that way. You may have a different level of intensity and you may have a different level going to enjoyment uh enjoying some moments here and there of money that other people might not uh but none of that's bad that that's all part of the ride and and the thing that you're on um john what am i

missing i think just making it tactile so when d Dave talks about relationships, I want you to get two or three men that will commit to having coffee or breakfast or whatever with you for the next 10 years. Like y'all are going to be my gang and those are going to be the guys that you text on those random nights that you can't sleep and you're spinning at 3 a.m. And those are the guys that are going to show up

and make sure if you have a bad day, they're going to be up and make sure if you, if you, if you know, if you have a bad day, they're going to be those guys that show up, but you're going to want to spend every spare second doing these things that you quote unquote thinking to do. And one of the things that's going to be a great gift to your kids is seeing their old man, have friends, seeing their dad, have friends, seeing their dad have commitments. Um, cause let's play this out. Let's say worst case scenario, you got 10 years, then you got a 13-year-old and 11-year-old who got a ringside seat of watching dad be courageous, be brave, and have friends

and invite men over into his life, right? So that's relationships, making sure you and your wife are together. And this comes from Brene Brown. I just think the way she says it is so poignant. Be weary of dress rehearsing tragedy. You think you can plan for the back end of this and you really,

the emotional back end of this? You can't. You can't, right? And so- You can't rehearse it, but you can prepare by laying foundations. That's right. So what Dave said about financial,

about relationship, all that is exactly right. And then go live your best life with those kids. Man. Hey, Jared. Go live it. Before we go into this commercial, promise me that you or your wife, one, will call us back and let us know how you're doing. Oh, yeah.

I want to keep up with you, and I want to know your story, and I want to know if we can help her and or you. Yeah, I'll let you know. And I'll tell you, Dave, God's kind of been sitting on my heart with this whole thing, and I want to let your audience know we got a life insurance policy about a month before we got the diagnosis. Before any notice or knowledge that there was anything going on. You know, I felt fine, but on my heart I felt, hey, I need to get this set up. So it's, you know, boomer as well. That's one big, serious, man, wow. Way to go.

Way to go. Thank you for joining us, America. Dr. John Deloney, Ramsey Personality, is my co-host today. Kenny's in Portland, Maine. Hi, Kenny. How are you? I'm doing well, Dave and John. Quick question for you.

Baby step two, should I cancel or stop contributing to my HSA? Yes. Okay. The reason is that you have a $1,000 emergency fund. You already have money in the HSA. Yes. Okay. The reason is that you have a thousand dollar emergency fund. You've already have money in the HSA. How much do you have in there now? Well, I keep it minimum. I just, I keep spending it as soon as I get it just to keep, to keep paying on the, on the, on the medical bills. Oh, okay. If you're using it back out for medical bills, we'll use it as a method for paying them and let the government

pay a third of your medical bills because it's tax deductible money going in and then you pay the medical bill with it if you can do that yeah we'll cycle it through there but as far as building up a big chunk of savings in an hsa while you're working baby step two i would not no i usually dwindle it right down as soon as I get money in it so I can just get a bit of credit. Well, by dwindle it down, you're paying bills you would have paid otherwise with tax-deductible money. So that's going to be smart by $0.30 on the dollar, $0.25 on the dollar.

Okay. So my next question to you is if I'm putting $200 a paycheck period to get my medical bills paid off faster, should I increase that contribution? If that's where you are in the baby steps the are the medical bills in the baby where you are in the debt snowball yes so they're they're at the top of the debt snowball right now yeah they're one of the top ones yeah chunk as much as you can put in there and run it back through that account because it's just a method of paying so in other words if you put a thousand dollars in there you do not pay taxes on that one thousand dollars and you use that tax-free money to pay your medical bill with that saves you about 250 bucks per thousand okay in taxes so you're because you're running it through there but all we're doing is using this as a method of clearing the debt snowball.

Okay. Not as a method of building up savings. Awesome. I appreciate your time. So well done. Good move. Excellent. Excellent.

I'll tell you another place that applies, folks, out there is if you've got a chronic situation where there's ongoing allergies, there's ongoing Crohn's disease, there's ongoing whatever, where you've got these constant medical bills that are part of your budget, then run those through your HSA if you've got an HSA because you can pay medical bills out of HSA tax-free. And so, you know, you are going to dump money in there. But if you're just using your HSA like I have, George W. put this in place back in the

day and um that's when it came into being was under the george w bush administration i started putting as much money as was allowed into an hsa at that point knock on wood the ramsey family's been pretty healthy and we pretty much we have cash flowed any medical that was out of pocket so i've never touched my hsa and it's now in mutual funds and it's hundreds of thousands of dollars because i've been doing it for decades now so it's became another investment vehicle is where it amounted to but i don't suggest that kind of thing while you're in baby step two baby step two is bill pay time we're paying bills we're clearing debt all that kind of junk john's in in Ventura, California. Hi, John, how are you?

Honored to speak to you and your listeners. Thank you. How are you guys? Better than we deserve, sir. How can we help? Yeah, so it's been quite a year. Last August, I got married to the love of my life, and a week after we came back from the honeymoon, my dad fell in his assisted living home and broke his hip, and that led

to a series of declining health events for him. And then he passed away a month later. I'm sorry. Yeah. He spent 25 years in assisted living after suffering a stroke when I was 13 and his sister, my aunt was his conservator. She did an amazing job with the conservatorship and the guardianship. And when my grandpa was alive, he had set up a medical needs trust for my dad. And that trust grew to $175,000. This trust was never used. It was supposed to be a medical needs trust

for any additional things my dad needed. And my aunt informed me I'm the beneficiary of the entire trust. So fast forward, my wife and I got a check for 150,000 this week, and we're getting the other 25, maybe in about a month when she finishes up the final accounting, just some of the little things with closing up the conservatorship. So my question to you guys, at this stage, my wife and I are in baby step 3B and 4. Would you use all of this as a down payment, or should we set some of this aside for our investments we're just we're a little lost as to what to do with this amount of money yeah so this comes through as

an estate as an inherited item it's not taxable correct have you looked into that that's what that's what my accountant told me and my dad was my dad was in oregon and i'm in california and my accountant said that it's an inherited trust. It was a third-party trust my grandpa had set up. It doesn't matter which state he's in because it's not a state issue. It's a federal issue as to whether you'd be taxed. So I don't think you're taxed at all. I think I agree with your accountant,

but your accountant's probably smarter than I am on this subject. So I'll go with him. So no taxes have to be withheld. So you're going to clear 175. Wow, what a story. Yeah. And you're thinking about buying a house. How much of a house are we going to buy in Ventura, California?

Well, we're actually more like outside of L.A. My wife and I have about $100,000 already saved up in cash. So you've got $275,000. How much are you going to spend on a house? Probably, I don't know, for our first property, $600,000 to $700,000, like a condo or something, because homes are like $850,000, and that will put us over the 15-year fixed, if you recommend. What's your household income?

About $220,000. Okay. $220,000, yeah. Well, I'm going to make sure I have an emergency fund in place and no debt. Do you already have that, not counting this? Yeah, we're totally debt-free. You have an emergency fund in place and no debt do you already have that not counting this yeah we're totally debt free you have an emergency fund yeah we've set aside about 30k okay all right i'm putting the whole thing down on the house 100 wow 275 yeah and let's reverse engineer so that you understand how quickly i can make that decision after doing that all these years. Number one, I've answered the question 2,000 times.

But number two, if you had a condo that was worth $600 and you owed $300 on it, would you go borrow another $100 to put it into investments? No, for sure not. Well, it's the same thing by not putting that $100 down and instead putting it into investments. No, for sure not. It's the same thing by not putting that 100 down and instead putting it into investments. If you didn't put the whole thing down and you put some of it into investments, it has the same net effect as if you borrowed on the condo because you effectually are, you're borrowing more on the condo by not putting it down. So you're borrowing money on your condo to put it into investments. I wouldn't do that. That's silly. So no, no, no. We're going to get the condo down and then we're going get it paid off and you got a great household

income and man what a year y'all have been through ups and downs and crazy up you know up we get married down dad falls dad passes away up we get 175 man lots of roller coaster so john i'm gonna ask dave a question on that i have about situation, but I want to ask his expertise, okay? Sure. So, Dave, there's something in my guts that would want to sit down and at least put something on the table, make some sort of gift or something of appreciation to my aunt who's done such an amazing job.

Was she paid? Yes, she was. And yes, but she, you're right. I mean, she did an amazing job and my parents were actually divorcing when my dad had the stroke. And as a result, it led to a lot of years of, I just didn't get to know my aunt very well. I had a great relationship with my dad. and now i've been getting to know my aunt and it's been awesome we've we've come together through this and i've been able to get to know her she's met my wife it's really if she was paid very very well then i would buy a nice token gift if she wasn't paid very very well i would write a nice check i'm with john i like that i really like that idea that's just a relationship thing that's just a

me doing something that makes me like me right or it's one of those moments like dave and i take so many calls on this exact situation that goes horribly awry and there's cousins fighting cousins suing each other and you had one gangster sister aunt who said, not on my watch, and because of her diligence. And a grandpa. And a grandpa, that's right. And dad. Well, yeah, I mean, dad sister.

Everybody, all the players in this are positive on your dad's side. This just never happens in our world, man. This is so amazing. But I would feel in my spirit I want to do something nice. And that could be $1,000. Who knows what that is? There's not a number on that. If she wants to go on a nice cruise and it's 5K, write a check.

Something like that. I'd do that for sure. I'm with John. That's a good thought, John. Man, that's special. Good for you, brother. Yeah, it's unusual, and so it's super special. Yeah, it's good people doing good things and taking care of their family.

Wow. This is The Ramsey Show. Our scripture of the day, Proverbs 15, 16. Better is a little with the fear of the Lord than great treasure and trouble with it. Dr. Jordan Peterson says, perhaps you are overvaluing what you don't have and undervaluing what you do. Perhaps contentment is a good thing. I agree with a good doctor. Perhaps. Perhaps.

Open phones at 888-825-5225. Ashley is with us. Ashley is in St. Louis. Hi, Ashley. Welcome to the Ramsey Show. Hey, Dave. Thank to the Ramsey Show. Hey, Dave. Thank you for taking my call. I feel so blessed, and I'm sure I'm making my stepdad jealous right now.

He's obsessed with you. Well, we're honored. How can we help? Well, Dave, I've gotten myself in a pickle, and I need to figure out if i should trade in my car and basically get a junker tell us more sounds ominous i shouldn't it is kind of what you do what kind of car did you over buy richard oh yeah um i shouldn't have done it but back in november i traded in my honda accord and i got a subaru ascent and that means what you got rid of a car you got rid of a car that was worth what and you bought a car that you owe how much on? Yeah.

So the car that I had, I only owed $7,500 on, and I traded it in for a car to owe $22,000. Did you roll that $75,000 on top of that? No. She had equity in it. I guess the car was worth more than $7,500 that you traded, right? Yes. Okay. And so what do you make a year?

I make about $42,000. Okay. A $22,000 car doesn't fit that, does it? No, it sure doesn't. So what are you gonna do well i've been contemplating the idea of trading in for something much less the problem is reliability versus honey a 7500 accord will go to the moon and back so will a corolla and a camry. You had a really reliable car. I did.

I mean, that's a Jesus car, and they were all in one accord. I mean, yeah. I mean, seriously. Yes. I messed up. But it happens. Hey. Why are you still beating yourself up so much?

She hadn't got rid of the car yet, so we've got to keep beating ourselves up until we get rid of the car. And the car's real nice, huh? Yeah. is nice yeah yeah well it didn't bring you as much joy as it brought you pain how has it been a pain well honestly yeah uh the transmission went out within the first two weeks of owning it well that was under warranty i hope it was covered under recall yeah yeah so that was lucky so it was a pain but it didn't cost a lot of money so what's wrong with selling it and getting a 7500 civic or a rock cord i am just having a really hard time finding anything reliable it's you drove a 7500 car that was reliable this is mythology

yep you can find a 7500 you can undo this and you'll lose some money but get back close to where you were and have a reliable car that i'm telling you a ten thousand dollar seventy five hundred dollar accord it that cars don't drive five hundred thousand miles i mean they're you can't kill them yeah it's just finding that again is my issue right now. Yeah, well, it would require looking. Oh, I've been looking. I'm obsessed. No, you're not. Well, is there not a car that Carvana won't just drop off at your front door?

Well, the Carvana ones, you can't seem to really find a deal. Here we go. See, you're going to have an excuse for anything we put on the table. So, actually, you do whatever you want to do, kiddo. If I woke up in your shoes, I would say, last November, my brain wasn't functioning, and today my brain is functioning, and I'm going to undo the stupid that I did and go back to the last time that my life made sense and restart. And both Dave and I have had that exact conversation with ourselves multiple times.

Probably this week. But yeah, it's only Monday. But yeah, been there twice. And so it's just you have to go back to the last time things made sense. So the psalmist says the blessings of the Lord have no sorrow added to them. So as a person of faith, I can tell you God did not give you that car. And the way I know that is there was sorrow added to it. Ding, ding.

Exit the devil car. Get the Jesus car. Oh, geez. There you go reddit there's some fodder well it was a joke we're having a slow reddit you know you're gonna be trending i can tell you that sometimes as a person of faith you think you're doing what you're supposed to be doing what god's telling you to do and you find out later it was last night's pizza, not the Holy Spirit. And you look back and you go, the blessings of the Lord have no sorrow added to them, and there's sorrow added to this, so apparently I missed that one.

I can't, I mean, like, how many bazillion times in 62 years I've done that? A bunch. But I can go right back to the last time there was peace and go, I'm going back to the accord. It's like when you're playing a video game and you die and you go back to the start of the was peace and go i'm going back to the accord it's then it's like it's like when you're playing a video game and you die and you go back to the start of the other level just go back there start there that was except you don't have to die i mean the part

of her that thought this was a good idea that probably needs to be done and then she can go back she can go back it's just like. Get out of your devil car, this guy. Actually, you got the worst possible series of answers on this call of anybody in the last 20 years on this show. Sell the car. We got the devil car, the death in the video game. All of it's lumped into one bad call, so I'm just saying. Kyle, get us the Lord out of this call.

How can we help Kyle in San Diego? Right quick before we run out of time. Oh, awesome, Dave. Thank you so much for taking my call. I'm a huge fan of you as a leader in finance and a spiritual leader as well. You're very kind. Before we run out of time, what's your question? Yeah, so I live in San Diego, and I have a 2-year-old daughter and my wife.

We live in a very small 1,000-square-foot condo here in San Diego. And we bought it about six years ago, and we bought it for like $250. It's currently valued at like $530. What's your question, Kyle? Well, my question is, should we leave California with my wife being pregnant and we have another baby on the way? We're considering if we should, we need a bigger house.

Your motivation for leaving is what? Well, for me it's that I want to buy a bigger house. You live in a very expensive area and you want a better, you want a less expensive housing market. Yeah, but the problem, this is where it gets complicated is when I tell my wife, hey, we need to move. We have $300,000 equity and frankly, we can come up with another 50 grand and just buy a house, 350 cash somewhere else. My wife says, well, my family is here.

I love my family, and I can't leave them. And her family actually said, well, if you guys stay here, we'll give you guys $75,000 to $100,000 to help you buy a house. The problem is houses here cost $900,000 to help you buy a house. The problem is houses here cost $900,000. So even with $100,000 cash on top of our 300 equity, it's still just completely priced. Kyle, this is not a house question yet. This is a marriage question. This is about a guy who's looking at a house

as an investment vehicle and a wife who wants to create a home around her family. And this is a conversation to be solved over breakfast first. Take your father-in-law to breakfast and get them to move with you yeah this isn't a math problem just yet this is a young married couple trying to see which is the best path and she has a different vision of what this looks like you have a different picture of what this looks like and you only do align those pictures man personal finance is personal in the sense that it affects your family and so where you live in conjunction with your wife and her family does matter that's a valid part of the equation now how to make that affordable in san diego that's hard math right there that's tough hey thank you for calling i

wish we had a magic answer for you but we don't that puts us our the ramsey show in the books we'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, it's Dr. John Deloney. If you like what you heard in this episode and want to know more about getting started on the Ramsey Baby Steps, go to ramsaysolutions.com and click on the Get Started button. We'll help you figure out the best next step for you based on your specific situation. That's ramsaysolutions.com and click Get Started.