The Ramsey Show - App - Save and Give, but Don’t Forget to ENJOY Your Money Too (Hour 2)

Episode Date: January 18, 2022

Career, Debt, Home Buying, Home Selling, Budgeting, Investing As heard on this episode: Sign Up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started:  Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. George Campbell, ramsey personality host of the fine print our fabulous expose podcast where he exposes where the fine print is screwing you because it is and it's the old saying about fine print and we've got 10 episodes in the uh in the can from last season you You can listen to now and planning out how many of these episodes

are going to be about timeshares going forward. Oh, my goodness. We'd need to do an entire season dedicated to that. My brain would melt. But we did have a lot of fun. And one of the biggest ones we've heard feedback on is the true cost of credit card rewards because it's one of those things you can send to your buddy

who has his feelings about rewards, and you go, just listen. Please just listen to this. It's the Chuck E. Cheese skee-ball tickets. That's what it is. That's the fabulous metaphor you put in there. And we haven't even dove into NFTs yet. Oh, my goodness.

Oh, I can't wait. Well, Deloney and I were talking yesterday. The meta universe is now there, and Walmart has announced they're going into the space, so you can buy virtual drapes for your virtual house from walmart that is if you would buy your drapes at walmart maybe you should get them at target i don't know or kohl's i don't know where should you get them kmart's not open anymore is it no they shut down i think they're virtually there's one left over and

they're virtually there they're virtually there yeah the metaverse stuff hurts my brain as well there's a there's a lot of strange stuff happening i just saw an article uh real estate in the virtual universe is 500 up someone spent 450 grand to buy the the house next to snoop dog in the virtual universe uh we talked about it yesterday the little kids this is the generation that grew up playing animal farm and you could buy stuff and have a virtual pig and and it was like not real bacon. Farmville. I knew James would know. Farmville.

That's it. And see, James knows this. He is obsessed. James, did you ever buy a virtual pig? I never played Farmville or bought any virtual pigs, but we looked it up yesterday. Okay. You went and looked it up. He did the research.

Deloney and I butchered the name of it. Yeah. I knew it was there, though, um you could actually buy things for your farm and little kids could spend five bucks and stuff and spend money and now they've grown up and now they bought a pretend house next door to snoop dogg snoop dogg's pretend house that is a real house i'm so confused exactly wow he has a real, but there's a pretend house in the... In the virtual metaverse. In the pretend world.

And you can buy the pretend house next to his pretend house in the pretend world. That's what we need to start calling it instead of virtual. Pretend world. Because virtual means kinda. You know, like if I say, I virtually love my wife, she would say, that means you don't. Sharon, if you're listening, he doesn't you're listening she would not be okay with that i there i do virtually love my dog at times yes and he's aware of that so the way he acts he virtually loves you yeah well no he no he he unconditionally loves me because he's a dog not a cat but yeah but the uh uh but But the whole idea that even the word virtual has got, it means sort of, kind of. Yeah.

It means not really, not quite. It's virtual. Now, almost. I virtually got an A, but it was a B. Virtual reality means not reality. I was virtually magnificent main i virtually graduated magna cum laude it said it was thank you ladi oh we're having a good time people have virtually graduated now that's right just because of covid

they quit you can do a lot of stuff virtual if it's not real it's not real that's so strange well nothing's real it's all the mate it's the matrix well we'll help you we'll help you guys in real life if you want to give us a call how's that and you can check out the podcast fine print which is what started this little rant here other than the fact we've got these things stored in our brain and they just had to come out our mouths but But, yeah, check out the fine print. There's 10 episodes there, one on credit card points, one on FICO score that's very informative. That's right. One on student loans.

Student loans, of course. Bankruptcy, Bitcoin. The bankruptcy one was really good. Thank you. You were on that one. The Bitcoin one was excellent. It was excellent. Thank you. Because what we find is that the vast majority of people investing in Bitcoin don't even know what it is.

They just bought it because their broke brother-in-law thought it was an awesome idea, and they thought they had FOMO. They had to get in on it virtually. And so I'm just going to drop that word in my sentences occasionally. You'll be really hip. Just to keep everything moving right along. Stay trending, Dave. You just keep calling everything virtual.

If I'm just a virtual host. I'm virtually a billionaire. So there you go. In the metaverse. We can all be what we want. Yeah, because you could just sell a lot of stuff that isn't there and make a lot of money that isn't there. Fake money? This is where it all breaks down.

I'm so confused. Let's stick to something we know about. Probably. All right. Julie's in Seattle. Hey, Julie, welcome to the Ramsey Show. Thank you. Thank you for taking my call.

Sure. What's up? Well, I am 66. My husband is 62. I'm pretty much retired. He still works, and we make about $60,000 a year. Our house is paid for and worth about $800,000. Our trailer and cars are paid for.

We have $30,000 in an emergency fund and $611,000 in retirement. We have long-term insurance and we're not contributing right now to our retirement they're millionaires awesome way to go thank you thanks to you and following your plan for years um i want to know if i can take some we can take some money out of retirement. Yes. To pay some home. We can? Yes. How much are you going to take out of your $600,000 worth of retirement to fix up your house, your $800,000 house?

I'm looking at $40,000 maybe. $40,000? Yes. You had to call me about $40,000 when you have almost $2 million? Yes, I'm very frugal and very cheap, and I'm just afraid if something happens to my husband and I'm on my own. Is this house falling apart? What kind of state is it in? $40,000?

She's not even fixing up the kitchen good. Yeah. What are you doing with the $40,000? What are you doing? Well, I've got the new appliances in the kitchen but i don't have the cabinets and the walls painted or the cabinets done and the counter um so just kind of lipstick in there i don't need to be real fancy the deck definitely needs to be done it's a million dollar house you need to do this right don't cheap out

two million dollars no i said it is a i said it is a million dollar house almost don't cheap out on the kitchen and devalue the house okay captain captain frugal julie julie you live like no one else and now if you remember how the saying goes you can now live like no one else so we got to remember the second half too listen you didn't call me up wanting to spend 400 i might000. I might have said, I might have told you to take a chill pill. But $40,000, honey. Yeah, I don't know. Listen, if you take $40,000 and burn it in the middle of the kitchen table,

it doesn't change your life one minute. Oh, I'm so happy. You did it. You did it. You made it. You made it. You did it. You lived like no one else.

Now fix your freaking kitchen. I love it. This is awesome. Love making people happy one else. Now fix your freaking kitchen. I love it. This is awesome. Love making people happy. It's what we do. It's what we do. It's not even a virtual kitchen. It's a real kitchen.

And she's fixing it with real money. Get the virtual drapes. That she really saved. Wow. Real people. people for a lot of you last year was another year of just trying to survive but you don't have to live like that you can have confidence in your money and your future. So if you're tired of being stressed out all the time, you can decide to make a change. You can follow a plan that works. For almost 30 years, Financial Peace University has helped

millions of people take control of their money. You'll learn our proven plan to save money, pay off debt, build wealth, and give generously. Watch FPU on demand or get plugged into a class for encouragement and support from other people. You don't have to face another year of stress and worry. You can have confidence in your money. FPU is only available with a Ramsey Plus membership. Start for free by visiting RamseySolutions.com slash FPU. That's RamseySolutions.com slash FPU. Well, it's time to put 2021 behind us. This last year left a lot of people feeling burned out, sluggish, Eeyore as your spirit animal.

We're stuck, we're stuck, we're stuck. But 2022 is your fresh start. This is your wake-up call. You ready to own this year? Well, we are running our New Year's sale right now, so you can get 73% off our best-selling books, assessments, and envelope systems. And that includes the brand-new book, Baby Steps Millionaires, that will show you the quickest right way to become a millionaire.

It's on sale there as well, not for sale at $10, but there's a lot of the books are at $10. Be sure and check them out. If you're having a hard time bouncing back from the wild year, check them all out. Redefining Anxiety by Dr. John Deloney is there for $10. Total Money Makeover is there for $10. Essential Cash Envelope System is there for $10. And all of our best-selling books are there as well.

Check them all out, ramseysolutions.com backslash store. Xavier is with us in Huntington, West Virginia. Hi, Xavier. How are you? I'm doing well, sir. Thanks for taking my call. Sure. What's up?

Well, I am in Baby Step 2, and I have some very well-meaning friends. I was actually in their wedding when they got married, and their kids call me young, so I'm really close to that family. And so when I found out that I was becoming debt-free, they were really hesitant. I have made some stupid mistakes before, so they're really concerned that it may not be the best thing. So how could I explain to them in a logical way that being debt-free is possible, it's wise, and you can still have nice things, even though you may not have what you could get with

a loan or something like that. Xavier, do your friends pay your bills? No, they do not. Then their opinion and your personal finances don't matter. And that hurts to hear. But the truth is the best way you can convince them is by doing it and you go yeah i became debt free 18 months later and here i am i get to live the life i want i'm not held back by debt and they go hold on how'd you do that because right now it's a theory to them right right and it's a theory coming from a guy with a bad track record on theories you right not me right right exactly exactly hey uh listen here's the thing one of the ways that one of the things we find when we study millionaires is they will often tell us when we're having conversations with them that their

breakthrough came when they loved their friends and their family, but they no longer gave them a vote. And I think I am right there. Yeah. You know, I think your friend loves you. I just think he's stupid about money. And I don't think you're going to convince him from the seat that you're sitting in because you're not sitting in a seat of credibility. So George is right. You go get out of debt, and you pile up some money,

and you can tell him nothing about what he needs to do, but always just tell him your story. And go, listen, I paid off everything, and I don't have any payments. You know how that feels? It's awesome. I feel so awesome. I don't have any payments. And now that I don't have any payments, you know what I've got?

I've got money, and I've got money to do this, and I've got money to do that, because I'm not paying it all out in payments, and it's just awesome. And all you can do is talk about you, and then they'll go, yeah, but what about me? And you'll go, well, I don't know. I can show you how to do it, I guess, but I'm not going to tell you how to do it, because, you know, I'm not that guy. That was you. You're that guy.

Yeah, I appreciate that. Thank you. Yeah, so I think that's what you do. You just got to go on and do it anyway. And, you know, and hopefully they will, will you know it'll be kind of a it doesn't have to be snarky but it can kind of be a toby keith moment like how do you like me now you know and um you just kind of play that song in the background and yeah and you always say if if people are uh think your financial plan is stupid you're on the right track if broke people think

your financial plan is off track then you're right right track. If broke people think your financial plan is off track, then you're right on track. That's how you know you're winning. That is. And, you know, George, the number of times, I mean, I went to high school. My high school graduating class was 425 people. And, I mean, I'm old enough, a few of them have passed away now, right? But there was a bunch of those folks I considered very good friends. And I've kept up at moderate degrees with several of them through the years.

But the number of them that are in my life once every six months today, two. You know? And in other words, my friends group has changed from my high school. Well, that's everybody, right? I'm not different from anybody else. That's everyone. If you're 60 years old and you're still running around with your old high school buddies, that's a little strange. Really, it is.

It's unusual. It doesn't mean that you're a snob. It doesn't mean that they're snobs. It doesn't mean any of that. It just means people change. People grow. They move. They do different things.

And so that's maybe one of the cases with Xavier. It may be that this is the thing. He was in their wedding. And I mean this is the thing he was in their wedding and I mean I guess I was in their wedding and I don't know where they are now you know and if you've got emotional maturity I mean I've got plenty of friends who disagree with me financially we just don't talk about finances there's a lot of other things you can talk about we can still be friends if we can't have a disagreement and still be friends then we aren't really friends friends. That's the other thing that goes with it. That's a good point. I like that.

Lauren is with us in Charlotte, North Carolina. Hey, Lauren, welcome to the Ramsey Show. Hey, Dave and George, how are you guys doing? Better than we deserve. How can we help? Great. So my husband and I have been working on Baby Step 2, but we want to get through it faster and in a smart way.

We have baby number two on the way. And yeah, thank you. And expected daycare costs is kind of what's prompted our question here. So we still have $65,000 in student loans to tackle, and we've picked up extra jobs to do this. We don't have a whole lot of monetary value to what we own to sell aside from my husband's truck, which happens to be paid off. Both of our vehicles are completely paid off. What are your vehicles worth? Kelly Blue Book value on his truck is about $18,000 to $19,000. What about your car? Do we sell the truck? What about your car?

My car is a 99 Jeep. It was a gift from a family member. What's the Blue Book on it? On my car, it's probably not more than $3,000. Okay. All right. So that's a total of your vehicles. What's your household income? $110,000. Okay. All right. So that's a total of your vehicles. What's your household income?

$110,000 together without the side job. And you have $65,000 left in debt. And what are your side jobs bringing in? Probably only about $200,000 to $300,000 a week. They suck. Yeah. I mean, our jobs take up a lot of of time so our side jobs don't really give us well you're done you got it you're not got a good side job no i mean these are you know kind of

kind of work in five hours here in five hours there yeah and it's not even worth it yeah our permanent jobs take up quite a bit of time. We do have, aside from our emergency fund, we do have $15,000. So we could take our student loans down to $50,000, which is the plan. But, you know, we want to get through this faster. We want to be doing the debt-free scream. Except for the part where you didn't use your $15,000. Well that we did that fairly quickly in like the last you saved up the 15 quickly yeah we did we've we have been issuing it for too long and so about five six months ago

we decided we're jumping in you're still issuing it do you not know what the baby steps are? No, we do. What part of the baby steps has $15,000 in savings while you have $65,000 in student loan? None of the baby steps have that. Yeah. Well, I guess we're just trying to figure out, you know, how to do your own plan. So you got 15 to your name right now in cash? Yes. Yeah.

So let's take that down to one. So that gives you 14 to put on the debt, which puts you at what? 51 there? Correct. I wouldn't sell the car personally. I wouldn't either. I'd keep your truck. You're not going to create any cash flow.

You don't have a payment on it, and it's not worth 45 grand. So you're going to have to turn around and buy a 12 grand car anyways. So you guys need to hustle, get better side jobs, focus, hunker down. And you can get rid of this thing in six to eight months. Pushing it? You can get rid of it in a year. You can get rid of it in a year. The other part of your issue is you're still going out to eat.

You're still doing a bunch of other crap. You may not even be doing your budget. So you're still just kind of playing around the fringes of this stuff. Hold on. I'm going to send you a copy of the book the total money makeover and i want you to follow it exactly it works your plan sucks We'll be right back. Thank you for joining us, America. This is The Ramsey Show, where we talk about your relationships, your money, your work, and your life. George Camel, Ramsey personality, is my co-host today.

Bruce is with us in Fort Myers, Florida. Hi, Bruce. What's up? Hey, Dave. Hey, George. I appreciate what you guys do. God bless you guys both for spreading the good news and helping people out with their finances. My question today is, what are your thoughts, Dave, or both of your gentlemen's thoughts on taking a degree for a resume to get a job in corporate America? Because the context here is I've been in the military five years.

Now I'm in the reserve. I have a couple of buddies who've done so, and it's not illegal, but it's looked at as unethical. But there's a lot of jobs out there that require degrees and there's like a thirty thousand dollar separation from you know certain jobs that require them and don't require them but um so what's unethical here just the integrity of pretty much lying on your resume i suppose but the company does doesn't even verify that you have a degree or anything they just want to see it oh I thought you said you were going to really get a degree

instead of just saying you have one. Well, that's my plan, but I wanted your two cents on it because it's not just a money thing, of course, but, like, I mean, there's a lot of career opportunities, and I know a lot of CFOs at these companies who don't have degrees, and they've made it by word of mouth, by relationships, by everything but a degree, and it's like, is it worth it? I mean, not is it worth it, but does it make sense to put it on your resume?

If you're asking us if you should lie on your resume, the answer is no. If you're wanting to know should you get a degree and actually get one so that you can get a job that pays $30,000 more, that is a discussion we can have. But no, I'm not going to tell you to go lie about having a bachelor's degree so you can go get a job, even if it works. I don't feel good about that. Right.

And that's the thing. I have a couple friends who've done it. I don't care about your crooked friends. You need to be a man of integrity. Right. And that's what I assumed was the answer. Let me tell you what. Let me tell you.

I don't hire people here. We've got 1,157 people working on our team today. That's as of this morning. And I don't hire people based on having a degree. Not a single person in here got hired because they had a degree. They got hired because at some point in the interviewing process, we became convinced that they could do the job we were hiring them for. Now, some of that being convinced might be that they have a degree.

But we have executive directors of marketing who do not have marketing degrees. And we have some that have a master's in marketing. Both. And both can do the job. And they both got the job because they can do the job. If, however, I was to discover with any one of the team members that worked here, no matter how long they've worked here, that they had lied about having a degree to get the job, I would fire them instantaneously, not because of the degree, but because they're a liar, and I don't want to work with liars.

Right. That's fair. And I'm on your side, Dave. i just had to check in because i know people have done it and again i know you're not saying you're saying people have done it too i had a lady that worked here one time that told us she had a master's degree and after she quit she came back five years later she's a friend and said i have felt guilty since i've known you because i lied to you the entire time i've known you and i have to come clean and tell you I do not have a degree, a master's degree in marketing. And she worked here, I don't know, 25 years ago or something,

and I still know her to this day, and I still like her, but I would have fired her for lying on that. So, Bruce, what's the harm in you just going to get a degree if that's what you want to do? Do you have to have a degree to succeed in corporate America? No. Is a degree valuable? Some are.

Can you get in the door some places without a degree? Yes. Can you get in the door some places without a degree? No. Some places require a degree for you to even have a conversation. And that isn't a place i want to work anyway because they're more concerned about pedigrees and degrees than they are actually getting the frequent freaking work done right and to answer your question george the context is kind

of like i've been in the special forces for the marine corps and i know some guys in the SEAL teams and etc and so like that experience is way more than you can get any college degree. It's just different, and it's a different kind of experience and expertise. But dude, if you ran a SEAL team, you can project manage. Right, but I guess

my question is, a lot of things in America are backwards, of course. That's well known, but requiring a degree seems just like such a bad filter to have for your company. It's just not. If the 100% filter is you must have a degree between you and me, I wouldn't want to work there. Got it. Okay.

Do you know what you want to do? It would be sales, some type of business development, but sales related. Very few sales positions require a degree. They require the ability to sell, the ability to handle your verbal skills and articulate an idea, craft a narrative, create a persuasive environment, and show people the need and fill the need. This is sales. Build value that is greater than the amount of time and the amount of money that the customer is going to put forth and the customer will part with their money every single

time and that's sales it's how it works she's got a free degree from dave do you have a degree i do in communication no one's ever asked no one cares but you wait a minute but you started here as a lowly intern that's right with it and worked your way all the way up to the email bag. That's right. I was in marketing, though, for four years, and my degree helped. I don't think it was a factor in the conversation. It was a factor in that some of the things you learned in getting the degree, put tools in your belt. Exactly.

And I've got a business degree. I don't have a master's degree. I do have a PhD in DUMB. Yep. Which is one less than John Deloney has. So there's something to be said you're at least half as smart as john no matter what your phd is in sorry dude i gotta tell you if you depending on what your job was in the seal teams um i've worked a lot with those guys a lot with

special forces guys and um we we do a lot of stuff with the military and i'm a tactical shooter i enjoy hanging out with them and learning from them on that stuff and so you're you're more than qualified to step into some of these roles if you can just get the interview so hang on we're going to send you ken coleman's two books proximity principle and from paycheck to purpose read those and you'll land the job you do not have to have a degree to go into sales. Not when you've got military experience in special forces. You don't. And you certainly want to continue to be a man of honor and a man of integrity because that's how you started your life.

And you need to continue your life that way. That is how most people prosper is from integrity. Very few people with a lack of integrity have a long-term prosperity. And that was part of the millionaire study that we did as well. Integrity shows up all the time. Yeah. And so I got to tell you, that's why I, there's very few things on the planet I hate as much as taxes.

I hate taxes. I think they're unfair. I think the money is completely wasted by Washington. I think it's a disaster. I'm politically, philosophically, spiritually opposed to the unbelievable level of taxation that our country puts on us, while still 50% of Americans pay zero in federal income tax and they take my freaking head off with taxes but i pay every dime i owe exactly not a penny more but we calculate it precisely because it has nothing to do with the irs it has nothing to do with the stupid congress it has nothing to do with the irs it has nothing to do with the stupid congress it has nothing to do with the stupid federal government it has to do with my integrity and so we run a lot of cash through this place and every freaking dime of it is reported exactly

and you know so i get aud, it'll be no problem. No problem. Come on in. Dave just invited you. I don't cheat on my taxes. And if I was ever going to cheat on anything, by God, it'd be that. That would be the place to do it. I would start right there. If I'm going to be a cheater, that'd be the first line on the list right there, buddy.

You wouldn't add a degree on your resume, Dave? That one don't even come up. Oh. Because I'm not pissed about that. Yeah, I guess you haven't had to do a job interview in, like, ever. It's been a while. Yeah. Yeah.

I'd love to see that, though. Our HR department interviewing you for the job. A CEO. That would be like, that would be bad. I don't think I could get a job here. It's tough. You'd get worn out just in the interview process. Just the interview process.

Man. I don't think I could make it. It wouldn't be because of lack of integrity, though. That's true. This is the Ram process. Just the interview process. Man. I don't think I can make it. It wouldn't be because of lack of integrity. That's true. This is the Ramsey. Oh, wow. We'll see right back. George Campbell Ramsey personality is my co-host. Thank you for joining us, America. We're glad you're here.

Open phones at 888-825-5225. Mark is in Salt Lake City. Hey, Mark, what's up? Hi, I'm doing good. I just have some issues with some family and money. Okay. My parents had given me 200k for a house that we ended up buying because they're ailing in age and they couldn't maintain the property they had and my other siblings weren't really helping and so it was easier for them to move closer and be with us so i was

perfectly fine and i said look so you took a two hundred thousand dollar gift from them and then you bought a house so you could take care of them in so many words yes i already had already paid off everything basically that home wouldn't work for them so I had to purchase the newer home to make it more accessible for them, for their age, and then their requirements, like their vehicles and other things of that nature. How old are your parents? In their 80s. Okay. Okay.

Sounds like you've done a very nice thing, and they helped provide for you to take care of them. So where did it blow up? Speak directly into your phone, Mark. Sorry, we're having a hard time hearing you. They were being racist and sexist, and I gave them basically three chances to stop because I have two kids at home. So essentially, since they couldn't abide by that i said that's fine you can have the top half

i'll have the bottom half and you know if you ever need anything let me know so essentially um i overheard my wife or well she told me she overheard them because they're hard of hearing um they were saying that they were afraid that i was going to murder them and take their money but they were going to ask for their 200k back okay so wait a minute they were being racist and sexist and they're 80 years old well it's not the fact that they needed to change i didn't ask that i just said like if like you know you're coming upstairs and you have a racist you have to talk into your phone you're mumbling yeah he said if you're going to say sexist and racist things at the TV, you know, you got to be cognizant. There's two little children running around.

They're going to hear that. You got to stop. Man, politely. And so, you know, that was kind of taken care of. How old are you? I am 30, almost 40 years old. Okay. So what are you going to do?

Well, I don't know. You know, I mean, so the $200,000, you know, that was essentially given and I didn't want it. I said, no, thank you. I'll take care of it myself. And it became an ultimatum where they said, we give it to you and we're not going to do it, number one. And then number two, it helps us give us a in the house which was fine i was like you know you're welcome

to put up and do whatever you want on your floor you're you know i can't have it downstairs because i have two little ones and i have to make sure they're safe so if something's unsafe you know i just can't have it but when did all this blow up so it's just it's been a progression over years and then no when did one of this whole thing blow up and they move upstairs and decide you were going to kill them for their money? No, no, no. So the thing is, they've been upstairs the whole time. No, I mean, you ran them upstairs and told them to go away because they were yelling racist stuff at the television. No, no, no, no.

That was the, the upstairs is more, you know, it has the master bedroom. It has a bathroom. You told me that you told them to go upstairs if they couldn't behave. Well, no. See, they automatically move upstairs, and we would come up for dinner and things of that nature. Oh, so they have to stay up there. Okay.

No, no, no, no, no. So they're more than welcome to come down, but, again, they're elderly, so coming down the stairs isn't really an option. You're missing the point. I'm asking when this big conversation where you all had got crossways happened, a week ago, a day ago, a month ago. Again, I gave them three chances. What was the third strike, dude?

My God, you're talking circles. What was the third strike? So the third strike was when essentially I missed, we tried to have dinner on Sundays together. And so I was running late. There was an accident on the freeway. I called them, told them I wasn't going to make it. And then on the way home, I got a phone call from my kids.

Boy Scouts say, hey, we changed the meeting. It happens tonight. Can you make it? And I said, I'll give it a shot. So I get home. I have just enough time to drop changed the meeting. It happens tonight. Can you make it? And I said, I'll give it a shot. So I get home. I have just enough time to drop off the kids. Two days ago. This was three months ago.

Okay. I said, look. Okay, so you've been living in this tension. Just stop. I don't want to hear all that. You've been living in this tension for three months. Well, in a way, because essentially I was. You need to sell the house, and they need to go on their way,

and you need to give them $200,000, and then you go back to your other property or something like your other property, the equivalent thereof, and they need to have their own life. Well, I understand, and that's the easy way to say it. But again, I mean, you don't just get to sell a property, buy a house that you want, that's going to work for you instantly. The market here isn't like that.

It's not, oh, here you go, you know, this is, you know, what you're going to get and walk away. So, essentially, they pawned the $200,000 off on me, and I said, I don't want it. Yeah, but you have crazy people in the upstairs of your house. Well, they turned around and said look here's your inheritance your two other brothers i heard all that you have crazy people in the upstairs of your house who were yelling racial epitaphs at the television and they're telling other people that you're going to kill them yeah this is not going well have you noticed irrational i don't know what to do with the irrational i i do get rid of it. Yeah, but I mean, then how do I come up with $200,000?

You sell the house. Isn't it not in the equity of the house? Well, I went ahead because we are very well financially off. Okay, what's your house worth? We paid about, let's just round it to $900,000. It's worth $900,000. And what do you owe on it? Nothing.

Sell the house, hand them $200,000, and go buy a $700,000 house. It's really not rocket science, Mark. Well, I understand, but, okay. It sounds like it's hard for you emotionally, but the actual step is easy. We're telling you sell the house. That's it. And you're saying it can't be done. Well, the thing is, again i mean yeah you want me to get your 80 year old crazy parents to behave like

they're supposed to behave and i can't help you with that no i'm well that's not what i'm asking my question is is really ethically do they deserve the 200k yes they're the ones who gave it to me they're the one but you don't need the money You just told us you're so financially well off. You don't need the money. I agree. This is not about the money. Yeah, you could keep the money if you want, but you've got to give them the money so they can go buy a nursing home or go find a place to live with your brother or something. They have plenty.

Go drive somebody else crazy. Okay. I'd be done with this. I'd give them $200,000. You're going to have to set – you tried to set some boundaries inside your own home, and it didn't work because people who don't like boundaries, generally it's shocking, they don't like boundaries. And so that's what happened. They went bananas when you drew a line in the sand.

Okay. There's no scenario where they stay there and it all just works out. Well, I don't think they should, you know, I agree with you 100%. But you want to kick them out and keep the $200,000. That's not going to work either. No, because they're deciding to leave, and I'm okay with that. You know what I mean? Oh, are they leaving?

So I just found out today. Good. Today they said, oh, well, we're going to get a place. Okay. Okay, I'll help you. I'm not here to hinder you. I'm always here to hinder you i'm here to right i was here always here to help right right well yeah help them get out and get a place and and do you have two hundred thousand dollars cash laying around i mean i have like we and our savings have 80 okay you know

okay and so we have that but you know i have kids school to pay for. I mean, really, that's the only bill I have. But you have a house you don't need now if they move out. Well, we do. I mean, because we still need the space. You don't need the entire house that holds two people in the upstairs that aren't there anymore, dude. And so, okay, what would I do? I think you're highly emotional, and you're having a real problem thinking through this clearly so i'll tell you what i would do i'd sell my house i'd hand them

200k i wouldn't be in a big hurry to do it but i'd do it reasonably and judiciously Hey, it's Kelly, associate producer and phone screener for The Ramsey Show. If you would like to do your debt-free scream live on the show, make sure you visit theramseyshow.com and register. We would love for you to come to Nashville and tell Dave your story.