The Ramsey Show - App - Real Friends Want Something FOR You, Not FROM You (Hour 1)

Episode Date: August 8, 2019

Retirement, Debt, Budgeting, Savings   Tools to get you started: Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE   Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

Music Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225.

Cecile starts us off this hour in Georgia. Hi, Cecile. How are you? I'm good. How are you? Better than I deserve. What's up? All right.

So I'm 57. I'm calling in to get your advice okay so i'm 57 and my husband passed away in july he was only 61 my goodness and so i'm trying to see if i should retire so i have oh man i have um a million in a million um so in my 401K. I have $70,000 in my savings, includes my emergency, $35,000 or so in stock. I have $235,000 in life insurance. My husband has $130,000 IRA. I'll get spousal benefits from Social Security when I turn 60. And because of you, I am debt-free,

and I only need about between $2,500 and $3,000 a month. If I were to retire, I will have to get more to include more for insurance. And so what do you think? I'm sorry. It passed what happened he was a healthy guy on June the 3rd and by June 13th he passed away and they found out it was a brain tumor oh my goodness how long were y'all married, almost 28 years. I'm so sorry. What do you do for a living?

I'm a project manager. Do you like it? Not really. Okay. Well, there's two variables in this discussion that I hear, okay? Yes. And you're very capable as a project manager of thinking through those two variables. Variable number one is, do you have enough money to retire?

And the answer is easily yes. I mean, you're worth a million and a half dollars or more. You can create an income easily to live on out of that, invested well, and just be thinking about it. It'll work. You can do that. Sit down with your smart investor pro or whoever helps you with your investment advising and put together some investments for all of that money that creates an income for you to live very, very well on.

And there's no question you can do that. And never touch the principal the rest of your life. You'll be fine. Okay? Okay. It creates an income for you to live very, very well on. And there's no question you can do that. And never touch the principal the rest of your life. You'll be fine. Okay? Okay. So the money question is real easy. The only thing that gives me pause is I always hesitate to ask someone who's lost a loved one to make major life decisions in the middle of the worst of the grief.

It's only been a month. Quitting your job is a major life decision that you really can't undo. You don't like the job. I got that. I also got that after 30 years of marriage and a sudden illness like this, it's probably difficult to breathe. It would be for me. Sharon and I have been married 37 years, and it would take me a while to just get to where I could breathe again

if something happened to her. And so the only reason I would tell you to not retire today would be I hate for anyone to make major decisions this close. And so if you can emotionally stand it, I might work another 90 days before I make the decision. Not because you need to, but just because I would like for the fog of grief to clear a little bit so that you can see a little more clearly than you can see today. Because if you're a human being, you're hurting right now. Yes, thank you.

And it might actually be a little bit healing just to have the rhythm of work right now, just as a way to not just sit around the house and look at the walls, you know. Okay. I might be wrong. I mean, it's up to you. You can afford to quit today, hon. If you wanted to quit, you can afford to quit.

And you could go get another job later if you wanted to you know so you cannot take this advice but the only hesitation i have in telling you to do that is i just hate to tell anyone to make a decision a major big decision like this while you're hurting this bad it just takes a little time for your for your brain to start working right again after this and i you know that that's my only hesitation. But you can do whatever you want to do, and you pray it through. And have you got good support from family and pastor and church and things around you? Yes, I do.

Okay. All right. You might seek their counsel, too. They know that your situation a little better, and, you know, you might look at that. And multitude of counsel, there's safety, getting several opinions and gather them together and start to look at it, even if the opinions conflict. There's no question financially I can answer it for you. You guys have done a wonderful job.

So how much of your $1.5 million net worth did you all inherit? Are you inherited millionaires? No. You work for all this? No, work for it. Okay. And your project manager, what did he do for a living? He was on like an IT manager, but because we were able to be debt-free,

he was able to follow his passion, and he was a career coach, and he worked with veterans trying to help them to find positions once they left the service. What a wonderful. So he was able to do that before he left us. Wow, that's wonderful. Absolutely fabulous. Very cool. Well, that's good.

Well, you call me back if we can help in any way. Sit down with one of our SmartVestor pros if you don't have an advisor and get some help with your, you know, organizing your investments in such a way that you can live off of them easily. And you have enough to do that without a doubt. Hey, thanks for calling. Open phone is at 888-825-5225. You jump in. We'll talk about your life, your money. It is a free call, and we'd love to hear from you.

Leslie is on Facebook. At the end of the term for term insurance, do most companies give you the opportunity at discounted rates to continue insurance? They give you the opportunity to continue the insurance. It's usually not discounted rates. If you're healthy, you can probably buy a new policy cheaper at the end of the term. The point is, we tell you to buy a 15 to 20-year level term because during that 20 years, you would get everything paid off, including your house. Your children would be raised and gone, and you will have built a nest egg, much like

Cecile had in this situation. You get a million dollars. Everything's paid off. The kids are grown and gone. They're 57. He did have a little life insurance in her case, but she would have been okay without that life insurance in this case. So the need to renew the term insurance at the end of the term is really not there. So that's where we are.

Hey, thanks for the call open phones at 888-825-5225 Are high health care costs getting you down? Are you confused trying to navigate your options? Do you wish you could find an affordable biblical solution to your healthcare costs? Based on New Testament principles, Christian Healthcare Ministries, or CHM, helps Christian families, churches, and ministries join together as the body of Christ to share their major healthcare costs. Christian Healthcare Ministries is the original health cost-sharing ministry. A Better Business Bureau-accredited organization, CHM members share to pay each other's medical bills. It's not insurance. It's Christians financially and spiritually supporting each other. It's what Christian Healthcare Ministries has done for over 35

years, and our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. Richard is with us in Pennsylvania. Welcome to the Dave Ramsey Show, Richard. Hi. Thanks for taking my call. Sure. What's up? Just a question.

An elderly gentleman who's a friend of the family wants to actually give me his house that he's owned his whole life and he no longer lives in. Wow. Yeah, I'm kind of like, you know, really nervous about the whole thing, but the problem is I'm in baby step two and I have $15,000 in debt, and it needs a lot of repairs is it habitable not at the time no okay so you'd have to do repairs in order to live in it yeah wow what do you make uh thirty two thousand dollars a year thirty three thousand a year okay yeah and what is this house he's giving you worth, as is? Maybe $15,000 worth of property, I'm going to guess.

Okay. And so it needs $30,000, $40,000 worth of work. I don't really know. I know the roof's okay. It needs it needs like a wall tore out and replaced but why is it not habitable what's wrong with it that won't allow you to live in it um he hasn't been in eight years and there was an animal inside and it tore apart the all the carpeting and um there's feces feces everywhere. That's it? A little bit of mold issues in the attic. And then the one wall had rotted out a little bit where the chimney leaked.

Okay. All right. What is his expectation that you're going to do with the house if he gives it to you? Does he require that you fix it up and move in it? I think that's what he wants me to do, yeah. Yeah. Okay. Where in Pennsylvania is this house?

It's near Dubois. So a small town or what? Very small. Yeah, like maybe 10,000 people in the area. Punxsutawney ville. It's close to that. Gotcha. Near the ground. It sounds like a very nice idea. Doesn't sound like much of a house. Is that a mean thing to say? No, not at all. Okay.

I mean, even fixed up, this is not exactly a palace. No. Is the neighborhood bad, or is it just rural? It's rural, yeah. Okay. It's a nice neighborhood, I mean. Okay. All right.

Huh. I just don't. I don't like crazy, because I'm going crazy. I'm like, I don't like crazy because i'm going crazy i'm like i don't know because i'm in debt it's not you know i don't really have the money to put into it but i also don't have a house i mean i'm currently i'm just uh renting yeah what if you told him you could take it but you can't work on it until you get out of that and it just sits there just sits there yeah i guess i could do that it's been sitting there for a while we could do a little better job of boarding it up and keep the keep the critters out of it right but um yeah and let's just board it up real tight and sit on it until um until you get out of debt and are able to save some money to begin to work on it

right then you could work an extra job and you know clear up your debt and then work an extra job and pile up some money to do the renovation if it was completely renovated and you were debt free is this where you'd want to live um i don't honestly know okay i uh yeah i actually have i don't know if i even want to live in the state forever so yeah well i don't know that you have to stay forever forever's a long time but i'm just saying for the next three years or five years is this where you'd want to live i could could for three years, definitely. Because I think what you might do is sit down and just have a discussion with him. Just go, there's a lot of work to be done, as you know.

It's all to pieces. It's a wonderful gift. I don't want to seem ungrateful because I'm not. I'm very grateful. There's two things I need to have your blessing on. One is that I'm not going to do the work for a while, and two is that after I do the work and move in it, I may sell it then after that, and I want you to be okay with that.

And if he's okay with both of those things, then that could be your plan that you, you know, don't do anything to it now say get out of debt save up the money fix it up move in it live in it a year or two and then sell it okay because you'd make you know you might make 50 grand doing that right yeah i mean if you fix it up you might not be handy man myself but well i mean my point is though that you know you spend the money on it and you pay cash for all the repairs gradually, right? And you fix the thing up and doll it up. Even if you have someone do the work, that's fine. And then put it on the market and sell it a year or two later and get a little living time out of it.

And it's kind of a side project for you to make some money on. That could work out fine for you. That'd be an okay way to go at the thing um or just saying you know it's a wonderful offering thank you but i really i'm not in a position to take advantage of it right now because i'm in debt i don't have the money to fix it up and i'm sorry i can't take it and just turn it turn down the gift that's the other option either one's okay there's nothing wrong with either one um it's not like somebody's giving you a two hundred thousand dollar house here i mean he's giving you a shanty um and so it's just got to be you know anywhere in america

today that you can get a house for fifteen thousand dollars we're calling that not much of a house okay so it's okay though it could be fixed up and it could be fine and i'm not being snobby about it it's just a matter of be fixed up and it could be fine and i'm not being snobby about it it's just a matter of you know just looking at what we're dealing with hey thanks for the call all right denise is with us in arizona hi denise how are you i'm good thank you and thanks for taking my call i've been a listener of yours for about a year now and then although when i started listening i myself was debt-free I recently had to take over my brother's finances. He became, unfortunately, incarcerated many months ago,

and I took over his home and whatnot and durable power of attorney. He lost his job, and then I discovered he's in quite a bit of debt. And I wanted to ask your opinion about what I should do with the money that he does have and if I should pay off his debts or let him continue to carry those debts. Can I give you a little bit of background on what he has in terms of assets? Yeah, how much money does he have? In an advisory account, he has about $500,000 split between stocks, an IRA, and some other investments. There's some cash investments.

And then he has a home that's worth about $330,000. He's got a new truck that's paid off, and his debt consists of about $23,000 on a high-interest credit card of about 18%, and then he's got a home equity loan, but it also is at a high rate of 8%, and that's got about $35,000 on it. He is currently on work furlough and is making $18 an hour. He's 61 years of age, not married, and no children. And yesterday I spoke to his investment advisor, and they suggested taking out lower interest loans and leaving his investments as is,

but still to carry the debt but at a lower interest rate. Okay. And why does he not have any say-so over this? He does. I'm still talking to him, but he's currently incarcerated. Yeah, I know. And he's never really done real well with money. Where'd the $500,000 come from? My dad had set up an account for him probably about 20 years ago. So he's a trust fund, maybe.

Yeah, exactly. What's the house worth? $330,000. It's worth $330,000? Mm-hmm. It's worth $330,000. Oh, I'm sorry. What's the loan on it?

He's got a home equity loan of $35,000 on it. That's all? That's all? Correct. Okay. When does he get out of jail? He is going to be out in three weeks. Oh, okay.

Well, why don't you just leave it up to him? Okay. All right. Well, I appreciate that input why don't you just leave it up to him? Okay. All right. Well, I appreciate that input, and I will. I will talk to him. If he's coming out, are you going to keep managing his money after he gets out of jail? Yes, I am going to. He's asked me to continue to help him.

Oh, okay. No, I would clear up all the debts then. I'd immediately pay off the debts, and I'd get a new set of financial advisors. Somebody that doesn't believe in borrowing money, so they get to keep managing yours. I'm sorry, I misunderstood. Hey, thanks for the call. Our question of the day comes from Blinds.com. Find out for yourself why Blinds.com is the number one online retailer of custom window coverings. Free samples, free shipping, new promos every month.

Always use the promo code Ramsey. It's magic. Ramsey. Today's question is from Noel in Texas. Several months ago, I found you, and what a blessing you've been. Well, thank you. I've gotten gazelle intense on a beans and rice diet, throwing every penny I can at my debt,

and I'm now in the teens from $60,000 in student loan debt. I'm about five months from being debt-free. I can't help but notice how many friends I've lost along the way, missing out on birthdays, and nights out how do i gain support from my friends how can i help them understand how important this is to me if you missed out on a birthday and they're no longer your friend they weren't your friend to start with. If I can't miss a party of one of my friends and it's not still be friends, by definition, they're not friends. So I don't think you've lost friends along the way.

You may have lost connection with friends or you may have lost people you thought were friends, but if the friendship is so tenuous that simply not being able to hang out all the time and drink beer together means we're not friends while I'm working on a project over here, then you weren't real friends to start with. Real friends want something good for you. They don't require something from you. Now, there's not a whole lot of those. There's a lot more people that want something from you, and as soon as you do something that's inconvenient to them,

they're not around, but those aren't friends. So the good news is maybe you're discovering who your real friends are. That might be a wonderful byproduct of the whole process of you going through a transformational period in your life. I've been through the same thing a couple of times in my life. And I've got lots of friends that I've been friends with for 30 years. And I've got lots of people from 30 years ago that are no longer in our lives, and that's true of most of us out here. So I wouldn't sweat it.

I think you're over-dramatizing this, or you're discovering that you had a lot of shallow relationships, and only the deep ones are going to stick around. All right, Kristen's next in Minnesota. Hi, Kristen. How are you? Hi, Dave. I'm great. Thanks for taking my call. Sure. Kristen's next in Minnesota. Hi, Kristen. How are you? Hi, Dave. I'm great.

Thanks for taking my call. Sure. What's up? So we have just recently come into some inheritance money, and I'm just curious to get your input on what we should do with it. Okay. How much did you inherit? We're at a total of about $75,000.

Okay. From where? It's actually from my grandma, and it's unclaimed property from the state of Iowa, mostly. Okay. So she passed a while back yeah she passed away um about seven years ago um and then my father passed away about a year and a half ago and um our lineage is very short so i'm an only child he was an only child um so it kind of has landed with me which is okay it was a fun surprise yeah that's nice okay uh it's not good how you got it but it's nice that it's there so all right um yeah so uh we would apply that wherever you are in your baby steps have you ever heard me talk about baby steps yes yep and um thankfully we have um we've got about nine thousand,000 left on a car, and then we are debt-free except for our house.

Great. So $9,000 to pay off the car. And then, baby, step three is? The fully funded emergency fund. So we're already planning to use about another $15,000 to finish. We have some set aside already, so we're planning to put about $15,000 there to finish that off. And then how much on your home? We've got about $225 left on our house.

Okay. And do you have children? Yes, two of them. What age? Five and six. Okay, cool. How much have you done towards their college we haven't done anything yet um so that's kind of where we're starting to wonder is yeah i think i think what we're just going to walk our baby steps nine thousand on the car 15 on the emergency fund sounds a little slim it might be 20 on the emergency fund but somewhere in there and um then baby step four is 15 of your income should be going into retirement. You don't need this money for that. That's just setting up your 401Ks and your Roth IRAs and so forth

in order to have 15% going into retirement, not more, not less. Baby step five is kids' college. So I have two kids here. I might take $20,000 and throw $10,000 each into a $529,000 for them. And let's get those $529,000 to kick start, get them started, get them going. If you wanted to, you could put $20,000 each in there. Most $529,000s have a $10,000 a year cap. But you could do $10,000 this year and $10,000 January 1st, right, on each kid.

That'd be $40,000. Right. Plus $20,000 for emergency fund is $60,000, plus $10,000 January 1st, right, on each kid, that'd be $40,000. Right. Plus 20 for emergency fund is 60, plus 10 for the car is 70. We're about there. Yeah. So one question about a 529 for you is let's say that our kids decide to not go to college and do something different with their lives. If we do 529s, do we lose out if they choose not to go to college?

You would lose. You would pay penalties on the withdrawals of the growth. Okay. So you'd have a penalty if neither kid went to college. Now, it can be transferred to another family member. You could go to college. Your husband could go to college. Your kid can go to college. The brother or You could go to college. Your husband could go to college. Your kid can go to college.

Their brother or sister can go to college. Any of that. But, you know, unless there's a real reason to not plan for them to go to school, I would plan for them to go to school. Yeah, and that's our goal, of course. Yeah. One other part of this is we've got a kitchen renovation project that we've had that we've kind of dreamed of doing since we bought our house a few years ago. Okay. That'd be fun. And we've just been cutting down our debt. And at this point now, we're like, could we take $10,000 to $15,000 and cash flow that?

Sure. That would just lower what you put in the 529. Okay. Awesome. You might not put 20 each per kid you might put 15 each per kid or something and uh and that would that give you about 15 to do the the house then but you just kind of budget out the 75 across the baby steps is what i was doing i started with 10 on your car and you know 20 on your emergency fund and uh then i start on the 529s but you can back those down and throw the

kitchen in there that's fine okay paying cash for everything and then from now on every extra dollar we get in our budget above 15 and above whatever we're adding to the 529s goes to baby step six paying off the house okay i want you to get this house paid off yeah that'd be great you're on track way to go good stuff thanks for calling in drew is next drew's in oklahoma city hi drew how are you hi i'm doing good dave thank you for taking my phone call sure my question is so my wife and i have always been kind of a single income family. I'm military. She does have her own business though. She's a sole proprietorship business. She's actually a photographer.

Actually, y'all, you've actually hired her once before for one of your events. Oh, cool. But so we actually are very new to your whole program. We just completed Financial Peace University. And one week from now, we'll have enough money to pay off the rest of our debt. We will be debt free except for the house. Great. And then we're going to be on step three. Great. So the question is, is she has a separate checking account that she uses for business? She has minimal, uh, business expenses, but she's never really taking out much money from that as far as the pay herself. She doesn't pay herself a salary or anything like that.

How much money is in there? Right now, it's not a whole lot. It's probably about $5,000 or so. So she's not really making any money. Well, we have used it in the past to pay for some renovations to the house that we've done all our own work on and stuff. But we've used it in that sort as that's the only time she's taking salary is to pay off big projects or something that we that's normal in an account like that um you need to leave a little in there just for whatever equipment purchasers are going to be whatever expenses are going to run and then drag the rest of it over

into your personal budget each time each month and uh and you know your emergency fund should reflect that. Thank you. Chris is with us in Texas. Hi, Chris. Welcome to the Dave Ramsey Show. Hi, Dave. Thank you for taking my call. Sure. What's up? So I'm currently in community college.

I will be obtaining my associate's degree in business administration this coming fall. Good. My mother wants me to transfer to a four-year university to obtain my bachelor's in business finances. But I'm having doubts. I'm having doubts thinking about if the $30,000 in student loan is worth it. As of now, I don't have any savings for college tuition. So I told my mother that I wanted to take a break from school, work, save up some money, then attend college with a minimum debt as much as possible.

And she's not liking the idea of that. And I was wondering how i should approach this how old are you i'm 20 years old okay well it's um i'm glad that your mom's concerned about you and that's a good thing but the fact that she's saying you should go into debt and you're not wanting to go into debt means that you're going to have to go your own way and lovingly explain to your mom you're just not going to do that. So why $30,000? I have about three years. I thought you had a two-year associate's.

Won't that cover your first two years of college? It does, but I plan on taking 12 credit hours instead of 14 or 16 credit hours like the um the college recommends per year so i calculated it with a three uh three year um why calculation because if i am why not take two years of college in two years i did i did that since my major while in community college, and that sort of played a role into it. I'm looking at about 2.5 to 3 years to

finish my bachelor's up. Why? It's about $9,000 per year. Why does it take three years to finish a bachelor's when you've already done two years in work? You should only have two years left. Okay. Shouldn't you?

Why are you taking three years to do two years worth of work? I'm not sure. I don't want to take 15 credit hours. Why? It's a normal load. Why can you not have a normal load of lessons? If I do go to the university i will have to um take get an apartment and my parents are not financially able to help me with the living

expenses over there so i would have to take a full-time job on top of that uh some of my uh friends that did take 16 credits 6 17 credit hours while having a full-time job. We're not able to concentrate fully on school. So I figured taking 12 credit hours and having a full-time job would be able to sustain my living conditions and still have enough time to focus on social school work. Well, I graduated in four years, and I worked 40 hours a week. Okay. So that's what's running through my head.

I mean, and I got a degree in finance, you know, which is what you're studying. So you're where in Texas now? I'm in Austin, Texas. Okay, and you're wanting to go to school where? San Marcos, Texas State. Okay, and what's wrong with the University of Texas in Austin? I did apply to it.

I wasn't able to. I wasn't accepted into it. You're great. I suppose so. I do have a 3.0 GPA. I'm not exactly too sure why the application was denied. I was never told a reason why. Is there another four-year school in Austin that you could attend? I suppose there's a St. Edward's University, which is a private school. Okay. I mean, is there another state school other than UT there in Austin?

Not that I'm aware of. Okay. All right. So you're talking about moving and going to where? San Marcos. It's about two hours south of Austin. Okay. And is that a state school as well?

It is a state school, yes. Okay. All right. And it's $9,000 a year? Yes. Okay. So for two years, you'd need $20,000 a year? Yes. Okay. So for two years, you'd need $20,000. And you could work and earn that and earn your living expenses.

I think you can work your way through. But you're not going to have much of a life for the next two years. All you're going to do is work and go to school, which is, by the way, all I did. I mean, I didn't have a huge college party experience. It was, you know, we worked all the time. But I got through, and I paid for it. So if you're going to move to Sand Markets, that's what I would do. The other thing I would do, though, is make another run at UT because you could live there at home.

And that would save you a ton of expenses, and UT is, you know, around that same price. I don't remember exactly what it is, University of Texas in Austin, but I would go over and visit someone at the admissions office and try to find out, you know, why you weren't accepted. If you've got a 3.0 GPA, that should have gotten you in to UT. And then make sure all of your credit hours transfer and then put yourself on a two-year schedule. Live at home.

Work your way through and do it. But, no, I would not take out a $30,000 loan. And, no, I don't think that's necessary. And, no, I don't think you have to take a year off to do this. I think you can figure this out and work your way through so um i'm worse than your mother uh i'm saying don't quit keep going but don't take out a student loan and work until your collapse and get this done get it figured out hey thanks for the call open phones at 888-825-5225 kristin's with us in minnesota hi kristin welcome to the dave ramsey show hi how are you dave better than i deserve what's up

so i just have a quick question about um an inheritance that my mom is getting so um just some background i will be getting married next year september and yes we're both working our own baby steps because that was a requirement for us to be married um and so my grandma passed away in may and they my mom and her siblings sold all of the land and so she'll be getting an inheritance here within the next few months and she's planning to gift me some of that to use for the wedding and i just don't even know what that process looks like or what i need to do on my end to handle that all right well she can just pay for the wedding uh that's not a that doesn't require any gifting uh up to whatever amount that she wants and that you agree to if she's going to actually gift you money uh the gift law gift tax laws are fourteen thousand dollars per individual um is your mom uh is

your dad married to your mom still no so she's single yep okay so an individual can give an individual fourteen thousand without any gift tax uh What level of wealth does your mom have? As far as like her own wealth before this inheritance? Yes. Is she worth $5 or $10 million or $500,000? No. She has mortgages and car loans and all that. How much is she talking about giving you?

I'm thinking it's probably $5,000 to $10,000. Okay. If it's under $14,000, it's a no-brainer. Okay. It's a non-issue. Okay. If it's going to be over $14,000, we need to stop and think about how we're going to do it. Okay.

Because she could be subject to gift tax on anything over $14,000. And so it doesn't sound like it's going to be much over $14,000 if it is. No. So what I would say is don't let her give you in cash more than 14 if she's going to give you more than 14 she could just pay some of the wedding bills and give you 14 okay and so she can just give that to me in cash or does it have to be recorded somewhere well it'd be a check i mean she needs to write you a check but if it's more than, then she would be subject to gift tax. Awesome.

Easy enough? Easy enough. Thank you. Thank you for the call. We appreciate you joining us. Guys, if you know anything about our show, we tell you the truth about credit cards, that points and airline miles and rewards are gimmicks that credit cards use to keep you in debt. Consumers are falling for it.

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