The Ramsey Show - App - Setting Strong Family Boundaries in Love (Hour 2)

Episode Date: April 4, 2019

The show about you

Live from the headquarters of Ramsey Solutions Broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where net 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. Open phones at 888-825-5225. That's 888-825-5225. Matthew starts off this hour in Little Rock, Arkansas. Hi, Matthew. How are you? I'm doing great, Dave. How are you? Better than I deserve. What's up?

So I'll explain my situation. I'm a part-time worker in college right now. I go to a community college because I didn't want to live anywhere, and it's really cheap and easy for right now. So I'm getting my basic courses done there, and I plan on transferring to the University of Central Arkansas after I finish up my gen eds to get a business major. I don't have any debt right now from scholarships from my parents. I don't have any student loans or anything.

Good. So I work part-time to get and keep my grades up. I make about, this is a general idea, but maybe $10,600 a year. And I'm wondering, from your perspective, what can I do now to go ahead and get my financial future started. I have, it's not open yet, but I went and consulted with him yesterday with my uncle who is a financial assistant at Edward Jones, and I'm getting ready to open up a Roth IRA with him.

Okay. I would not do that. Yet. Okay. I would not do that yet. Okay? I would not do that this year. Here's the math. Matthew is a better investment than mutual funds because of the way you're going aboutfree and actually graduating is going to bring you more money than that Roth IRA will bring you. You are a better investment than a mutual fund.

And so what I'm going to do, if I'm in your shoes, is I'm going to place my money in the highest returning investment, which is you. In other words, I want you to pile up the huge pile of cash that is an insurance policy that you graduate with your business degree on time and debt-free. That's more important than a Roth IRA. Okay. So in your situation, I would not do long-term investing until you graduate. Okay. Do you see why yes sir because you've got i mean you've got this dialed in very carefully and you don't have an extra fifty thousand dollars laying around to ensure that matthew graduates debt-free right no sir you know you're you're watching every penny. You're being very wise. You're thinking.

You're working. You're doing all the right stuff to graduate and to graduate debt-free. And that is a better investment than a Roth. Okay. So get out of school and then start your Roth, and you'll be very, very wealthy. You're going to be just fine. So I would not do that. And it's a mathematical thing.

You're going to make more from the knowledge you get in a business degree and from having the business degree than you will make on a mutual fund. Education is a good investment when done wisely, and you are doing it wisely. Pete is with us in Cincinnati.innati hey pete how are you i'm better than i deserve brother it's an honor to talk to you you too sir what's up i have one big question um my wife and i have been doing your plan for about four years now it's been a huge blessing we uh got out of about $100,000 of debt, and we've saved up three to six months, which is good because I'm changing careers here in about two months.

But my parents are in a very bad financial situation. They're both retired. They bring in good money, but they also spend a ton of money, and they've got about $150,000 or more worth of debt. And I have talked to them. They're planning on moving in with us because every month they can't afford to pay all of their bills. And I want to make sure we want to help them out, but I want to make sure they don't end up living with us for forever. We have a new baby on the way and value our privacy.

What do they make? I want to make sure. They bring in, I would say they probably bring in about $125 or $130 a year with their various retirements. And how old are they? 70 and 65. Okay. And so they make plenty of money. They have just misbehaved.

They've lived well beyond their means for decades. They spend like they're in Congress. Yes. They're misbehaved. So how is moving in with you helping them? They make $120,000 a year, roll up your sleeves and pay off your dadgum debt. Well, right now they can't afford living in their house. Well, how much is their house payment?

I believe they're paying $2 month somewhere around there so sell it and go rent something for half go rent something for half of that and get your butt out of debt you make 125 000 a year the the problem is i sat down and and went through their budget with them basically set up a budget for them a couple, maybe a month ago. And even with selling their house and taking that payment out, they don't have money because of all of the payments that they're making on their various debts. And so I set up a plan with them. What do they owe on cars? They owe, I think, about 15 on a car, which they are telling me they will not sell.

Do not let these people move in with you. They are misbehaving, and they are not dealing with the core problem. You want this more than they want it. Well, that's very true. My wife keeps saying that very thing. Yeah, this is not good. They need to go rent something cheap and get with a financial coach and get into Financial Peace University and sell everything in sight

and rent a $1,000 place or an $800 place and drive a $ drive a thousand dollar car and they make 125 to 140 or whatever it is you thought they made and they pay off a hundred thousand they can pay off a hundred thousand but they spend money like they're in congress they're out of control that's true housing is not their problem the person in the mirror is their problem. Well, you're right. I guess my question is, if they do end up moving in with us, which they've already moved in some of their stuff in an attempt to sell their house. What would be your recommendation for trying to put some type of plan in place to where they're not here forever? I would put heavy requirements on them that they sell the car and that they be on a budget.

They go through Financial Peace University and they go see a financial coach, and that all happens in the first 30 days where you need to look for a new place. And guess what they're going to do? They're going to move out because they're not ready to deal with you because they're not ready to deal with their stuff. And you're not going to be strong enough to do that. That's what your wife's worried about. You're going to have to put some down, some hard stuff that's good for them, man.

I'm not trying to be mean to them, but what's good for them? And I'm not going to participate in their crazy. One Dental is a company I've been telling my listeners about because I know these guys will save you money at the dentist. One Dental is a dental savings program that allows you to go to one of over 158,000 dental practice locations nationwide and save on things like cleanings, dentures, root canals, crowns, and even orthodontics. Here's the really cool part. You can join One Dental right now and you don't have to worry about high deductibles,

waiting periods, or pre-existing conditions. Just find your highly qualified dentist in the network, make the appointment, and start saving every time you go to the dentist. This is a great cost-saving alternative to expensive dental services and a great alternative to costly dental insurance. It really is that simple. And unless you want to blow your emergency fund, everyone needs to go to the dentist. Folks, this is a no-brainer. Join today at OneDental.com. That's OneDental.com. Did you know there's 2 million real estate agents in the country?

Like, everybody you know is a real estate agent, right? And hardly any of them sell any houses. That's the truth. I mean, really. I mean, every friend you know, every relative you know has got a real estate license, and yet you're going to let them sell your largest asset, and they do two houses a year because it's your Uncle Henry. That's stupid.

Don't do that. Would you let Uncle Henry give you a root canal? No. I wouldn't let him work on my car either, and I wouldn't let him do my taxes. So why would you let your spouse's mother's Aunt Judy sell your largest asset? That's dumb.

When buying and selling a house, it's important to work with an expert agent who's committed to answering your questions along the way that's why i endorse top agents across the country who follow the principles that we teach go to davramsey.com slash agents and you can find a real estate agent to list your home that is at the top of the game where i mean they're really top of the heap right the best the high octane high protein or click elp real estate at davramsey.com on the front page you can find them that way too okay my last caller i got into the got into a commercial break coming up on me hit me in the face and i kind of rushed through the end of that so i want to go back because i get a lot of this from you folks and i wanted to help um help you any way i could okay now dave you are always so tough

when it comes to our kids living with us our parents living with us or us moving in with our parents or whatever. You believe in tough love. No, I just believe in love. And love says, I have to tell you what is best for you and what is best for them. Love, real love, does not go along with crazy. Real love does not endorse it because I don't have the strength to stand up and say, no, I don't think this is a good idea for you. So let's just have a little bit of help here.

I have no trouble with helping your parents and letting them move in i have no trouble with your grown kid coming back home and living with you for a period of time we all should be a safety net for each other what we don't want to be is a hammock there's a difference in a safety net and a hammock. A safety net is uncomfortable. A hammock is you live in your mother's basement until you're 38 and you don't have a life. A hammock is your mother is still grieving over something, and she spins like she's in Congress, and no one can tell her anything, and so you're going to have her move in with you,

and she's going to continue her version of mental illness with her spending disorder because she won't deal with reality. That is not good for her. It is not good for your 38-year-old to live in your basement still. So a couple rules, a couple things if you want to really help a family member, not just enable them, not just give a drunk a drink. If someone is going to move in with you and you're doing that to help them, in quotes, do you see the air quotes? Help them, right? doing that to help them in quotes you see the air quotes help them right you

want to help them then let's really help them what does real help look like real help causes them to be better as a result of your help. When you give a drunk a drink, they're not better. You've enabled them. They feel better. They like you, but they're still a drunk, and you caused them to still be a drunk because you gave a drunk a drink. That is not love. That's quite the opposite of love why would you do that to someone that you say you love and so if your 28 year old has gone

through a divorce and has a kid and whatever or doesn't have a kid and they need a safe place to heal a little bit and they come in out of the cold and they're going to move in with you for a little while to get back on their feet to get their emotional chops under them to get their spiritual chops back under them get their career going maybe get some debts paid off and be able to start again there's nothing wrong with that at all there's nothing wrong with your elderly parents who are struggling moving in with you and you helping to take care of them there's you know that last guy that call is not a bad thing the bad thing is you need to put requirements on them that help them heal so that they can leave

in other words should i charge my my 24-year-old rent? No. No, you shouldn't charge them rent. You should throw them out as soon as possible. Well, that's a... No, really. I mean, what is the best thing for a 24-year-old? To have the dignity of being a freaking adult,

buy your own groceries and pay your own light bill. That is dignity. The ability to produce in the marketplace, leave the cave, kill something, and drag it home. There is tremendous emotional and physical and relational benefit. So help them become that kind of an adult. And so if they're going to live with you for the next six months in preparation for you to kick them out, then there's two things we're going to do. One is we're going to give you a deadline. So that last guy, mom and dad, you can move in

with us for six months or you can move in with us for one year during that year there will be no rent charged except you will do these things that are good for you in lieu of rent instead of rent so instead of paying me rent you are going to financial peace university every class you are going to turn in a written budget that i see and that you stick to every month while you're here you are going to see a financial coach you're going to sell the car that you can't afford and you are going to heal this thing that in 75 years inside of you has never been right, and it's time for it to be right. That is really loving them. But if you look at them and say, you can't afford this car, you need to sell it,

and they go, oh, that's non-negotiable. They don't need to move in with you, because they're not willing to deal with their crap the crap that's inside their mental health or lack thereof and so you look at your 24 year old and you say six months from today we're going to move your little butt into an apartment during the next six months we're not going to charge you a dime but during the next six months you're going to financial peace university you're going to be on a written budget i'm going to see a written budget every month you're going to start saving a percentage of what you give if you live under our roof we go to church on sunday and we do not party till three in the morning and snort

cocaine if you're under my roof that's what you do if you don't want to live under my roof you get to choose but if you're under my roof that's what you do because i own that freaking place that that's that's a controllable those four walls are mine and people that are in those four walls are going to behave by my value system or they don't get to be in those four walls. Why? You're a control freak. Dadgum right. Dadgum right I'm a control freak. I control the controllables,

the variables in my life that cause me to be successful. The variables in your life that cause you to be successful. And partying all night and snorting cocaine and coming in at three o'clock in the morning and not having a spiritual walk and not having a job

and not saving money and not being generous are controllable variables that are going to cause you to win or not win. And I love you so much, I'm going to make you do what is good for you or you've got to be somewhere else. Because I'm not going to participate in your crazy. That's the whole thing. That's the difference in enabling and loving someone well. Enablers are sweet people, but they're weak.

They don't love well. This is the Dave Ramsey Show. Do you know who is a prime target for identity theft? Your children. Kids have no debts or credit history. Their personal information is just as easy to get, but the theft could go completely undetected for years. Every day all over the country, young adults are starting down their own path in life by opening a bank account or renting their first apartment,

only to find out that they somehow already have credit card debt, a mortgage, or even a criminal record. It's devastating, but it can be fixed when you have an ID theft protection plan from Zander Insurance. They monitor all personal info for the entire family, and they take over all the work if you become a victim. Best of all, your kids are covered for free on their family plan. Call them at 800-356-4282 or visit zander.com.

It's just the smarter, more affordable way to protect your entire family. And it's the only plan I provide to my team. Zander.com or 800-356-4282 in the lobby of ramsey solutions lou and ro are with us hey guys how are you good how are you how are you welcome welcome Where do you guys live? Atlanta, Georgia. Oh fun, welcome to Nashville and all the way here to do a debt-free scream. That's right. And who are these two ladies you brought with you? This one's Alexa, she's 12. Gabriella, she's 10. Alexa and Gabriella, pretty names, pretty ladies. Good, welcome. Here to do a debt-free scream. How much have you paid off? We paid $117,805.

I love it. I love it. Well done. And how long did this take? 10 months. Good for you. And your range of income during that time? It was about $170,000 all the way to $220,000. Wow. A big jump in 10 months. How'd you jump that much in 10 months? More work.

Lots of work. What do you guys do for a living? I'm a CRNA nurse anesthetist. I'm a stay-at-home mom who homeschools these two. Okay. All right. So, yeah, a nurse anesthetist. You're doing very well. Congratulations.

Great field. And you're right. You just kick the work down. That's an extra 50 grand. Look at that. That's right. But now you can let the foot off the gas a little bit, huh? A little bit.

A little bit. What kind of debt was the $118,000? That was all student loans. Whoa! Thus the income and thus the degree, huh? Yes, sir. Okay, cool. Cool.

Very good. So how long have you been out of school? Graduated in 14 with my degree, and that's when the student loan kicked in. And then after that was buy a house. And we lived in Florida at the time. So got a house. Then a year later, a HELOC on the house, then bought another house for rental. And during that time was credit cards. I had 403B loans, auto loan. But all total, when we moved to Georgia in 2017, the total was $551,000 that we owed.

Woo! Wow! Okay. It was a lot. When we sat down and just did the math, we were just blown away. So when we moved to Georgia in June of 17, houses started to sell. We started paying off some of the debt. And then at the end, by November of 2017, we were left with what we started off with, which was the student loan.

Right, the 118. What was left of it, because it initially was 160. Yeah. So you shed yourself of all that baggage. Yes. And then game on. Yes. Sort of.

Sort of? What happened? Well, what happened was, this is what happened. Yeah, so we're down to the student loan, and then I decide to go buy a car. Uh-oh. Not just a little car, but like a $50,000 car. Whoa, what was it? What kind of car?

The new Volkswagen Atlas that we had. Oh, yeah. So, of course, they needed heated seats because it was cold in Georgia. Yeah, yeah. So I decided to get the premium package. That's it, yeah. So, of course, I had buyer's remorse. It was a big no-no, stupid tax.

And then that's when I knew about you, and we heard about you down in Florida at the time. So we looked into the program and just went full throttle. January 1st, we started the whole thing. Okay, January 1st of last year. So 10 months later, boom. So what did you do? You went to the class or the book, you listen on the what'd you do all of it we listened to the podcast uh watched it live did the fpu online okay just because with the working hours right we couldn't attend the class so we just watched the videos listened to that free screen uh stories uh that

just motivated us and uh so was it like like you looked in the mirror and said, this car was stupid, I've got to stop this? Or did she say, you're stupid, you've got to stop this? Well, let's just say Lou's never allowed to take the car for an oil change. Because that's what happened. An oil change turned into 50 grand. I love it. That sounds like something I would do. I love it. That sounds like something I would do.

I love it. Oh, that's fabulous. Well done. Yeah, so we got a whole new way of looking at money. Now we work together, huh? That's right. That's right. And we all did it together.

We all went through it together. And they saw what we went through, and they were great. They were fantastic. So you've got this great income. You did this really fast. Will you ever go back? No. And that's the beauty about the baby steps is you never have to go back to baby step two.

Right. You always go back to baby step three, Mercy Fund, and that's it. Going forward, you're never going to baby step one or two. Unless you go for an oil change. Unless you go for an oil change. That's so good. I love that. Because, you know, people do that all the time and that's the perfect

that's a perfect analogy or metaphor for the whole deal man that's that's just well done good good so what's the secret to getting out of that row it's it's a lot of hard work but you know as when you get closer to the end you see that light at the end of the tunnel and you just push harder to get to get there and it just the good news about lou that light at the end of the tunnel, and you just push harder to get there. And it just feels good. The good news about Lou is he's not afraid of hard work. He went to work. Yes. Hard.

I mean, he was doing a lot of hours. Yes, he was. Yeah, very good. For that 10 months was brutal. And now we know we can do anything. Lou, what do you think the secret to getting out of debt is? I have to say discipline. Discipline on budgeting.

Making sure you do the budget, sit down and do it every month. Discipline on communicating. Just all around, just saying no. We said no a lot, and we just took day hikes, packed a bag, $5 for a state park, that's your day. So we just did a lot of outdoor activities that kept us busy, but just say no a lot. It wasn't even a whole year, though. No, it wasn't. But it seemed, even though it was 10 months, it seemed longer than that. Oh, yeah, because it was so radical a change. Yeah. I mean, it was just 10 months. No, it wasn't. But it seemed, even though it was 10 months, it seemed longer than that. Oh, yeah.

Yeah, because it was so radical a change. Yeah. You shocked the system of your family permanently. Yep. Yep. Very good. Well done, you guys. Who were your biggest cheerleaders outside your family?

Well, I have to say Angelica and Felix. I mean, there's so many. Angelica and Felix, they went through our FP. We go ahead and led an fpu class through a church through 12 stone oh cool and uh actually contacted uh brian bush that we were here today he's here supporting us love it uh steven catherine and jennifer david yeah jeff and david okay yeah so a lot of a lot of a lot of folks out there can't aim them all you know i love it that's great great and so you ended up teaching a class yes sir, sir. Wow. Well, that helps, too, because once you're teaching it, you have to do it.

Correct. And when we were teaching it, we announced that we were debt-free during that process. And also, Catherine, she was in our class. And somebody else paid off a tax debt that they owed like $73,000. Wow. Okay. Yeah. Everybody gets on board then.

Yes. You have a different kind of normal. It's all people doing smart stuff. Mm-hmm. Yeah. Well done, you guys on board then. Yes. You have a different kind of normal. It's all people doing smart stuff. Yeah. Well done, you guys. Well done. You guys, I'm proud of y'all. Good job.

Thank you. We got a copy of Chris Hogan's Everyday Millionaires book for you. You're definitely going to be in that category before you know it. Wonderful income. Wonderful income potential as well. And anything you want to do, all you got to do is gear it up and go after it. I love it. That's right.

Very, very cool cool all right it's lou and ro alexa and gabby from atlanta georgia 118 000 paid off in 10 months making 170 to 225 count it down let's hear a debt-free scream three two one Ready? Three, two, one. We're the three! I love it! That's how it's done. Yeah, let's just say he's not allowed to go for an oil change. That's the best line of the week right there. I love it. That's very cool. Well, April's here, and that means we're celebrating National Financial Literacy Month.

We are honoring teachers with our Teacher Appreciation Giveaway, sponsored by Jackson Charitable Foundation. Teachers can enter to win some amazing prizes, like a $5,000 vacation getaway. There is no purchase necessary. We're giving away some $1,000 gift cards. We're giving away the thousand dollar gift cards we're giving away the ramsey education professional development program lots of prizes but the grand prize the five thousand dollar vacation getaway hey teachers are awesome we love teachers teachers change the world the good ones the ones that aren't mailing it in and that's who we're celebrating for sure. Teacher Appreciation Giveaway at DaveRamsey.com slash teacher to enter. Be sure and tell every teacher that you know and love.

These are classroom teachers. DaveRamsey.com slash teacher. Tell your kiddo's teacher that, hey, this is what we're doing. You need to jump over to DaveRamsey.com and enter because they're giving away a $5,000 vacation giveaway, and we want you to be the to DaveRamsey.com and enter because they're giving away a five thousand dollar vacation giveaway and we want you to be the winner tell them that hey they'll they will they will appreciate you uh Ryan's on Twitter I'm just starting my debt-free journey laying out a budget what are your thoughts on budget billing for utilities I think it's wonderful nothing wrong

with it at all and uh it generally works it smooths out the utilities and if you want to do that budget billing is they just take the average of your last 12 months divided by 12 and you you level out your electric bill you level out your water bill or whatever it is and you get the same bill every month it makes it easier especially when you're first starting and you don't have much wiggle room in the budget because you're busting down on baby step two knocking out the debts and that kind of stuff so yeah you can do this, and there's nothing wrong with it at all. Good job. This is The Dave Ramsey Show. We'll be right back. no one likes to review your insurance or look at your will or that kind of stuff but

people who build wealth manage the defense as well as the offense we have a five minute coverage checkup it's completely free for you to do we We'll show you what to add, what to drop, what the right things are. And all you got to do is get out your phone and text the word CHECKUP to 33789. Our five-minute coverage checkup is completely free. Text CHECKUP to 33789. Indianapolis is on the line. Jake's with us. Hi, Jake.

How are you? Hi, Dave. I'm doing great. How about you? Better than I deserve. What's up? So I am 16. I'm going on 17 in about two weeks now.

And I live with my mother. She is a very traditional mother, as in the fact that she hasn't really adapted to how everything's going on the internet these days. If you don't explain it in very old-fashioned, it doesn't kind of get a grasp on what's going on. Okay, I'm having trouble hearing you. You're not speaking directly into your phone. Can you hear me better, Dave?

Yes, sir. Thank you. Your mother is a traditional mother, and what's your question? So I make around $50,000 to $70,000 to $80,000 a month doing e-commerce. Wait a minute. You're making $50,000 a month at 16 years old? Yes. Yes, sir. Are you telling me the truth? Yes, sir. I do e-commerce. So I run dropshipping websites through Shopify.

I do eBay or Amazon to eBay arbitrage and just a bunch of, like, various side hustles and usually go through the Internet. And my question is she has no idea I'm doing this because I have all my profits stored in a PayPal account because she is, um, going on my bank account and I would love to tell her, but like I said, with her being so traditional, I already know that she will be very, very skeptical of what I'm doing. And she,

I I'm, I'm fearing that she's going to make me put an end to it just because she, she's already told me, cause I've expressed my passion with wanting to be an entrepreneur, and she's traditional in the way that I know. How much is in your PayPal account? I got a little bit over $300,000. So you've been doing this for four or five months, six months?

No, it's been about eight months. The first few months were slow, and then it picked up rather fast. Where's your father? He's divorced. He's in a different state. Not in your life? I mean, we talk, but I wouldn't say he's, you know, a father figure. He's more kind of like a friend, I guess.

Are you in a good church? Yes, sir. How do you feel about your pastor? Very, very close. Have you talked to him about this? I have not, no. Honestly, I haven't told anybody. I haven't even told any of my friends.

Well, I wouldn't tell your friends. That would be very unwise. Of course. That would be very unwise. Of course. That'd be very unwise. Okay. Absolutely nobody knows. How large is the church that you go to? Probably about 30

people. Okay. Very small. Yes, sir. All right. Well, here's kind of what's going on in my head. If you have the ability to make $50,000 a month, you know, as soon as you're 18 years old, you can go do whatever you want to do, right? Right. And that's just about a year away.

Yeah. Okay. If you were my son and you were doing this and you told me you don't want to go to college and you want to move out and be an entrepreneur, I would say have at it, dude. You're making $50,000 a month. My God. I'm not saying I don't know if you can do that for the rest of your life. You may have just caught a wave right here. And, you know, as you know, things on the Internet change rapidly. Yes.

And you could, I don't know what all you're doing here. I've never heard of anybody doing the volume you're doing, doing the things you described. So I run three different websites, and they sell different merchandise. I know what you're doing. I just never heard anybody pull this off at the volume you're pulling it off. So I'm not questioning your integrity. I'm believing you, but I'm just saying you're doing something pretty unusual, and so I don't know how sustainable it is long term.

And so I would tell you, number one, I would pull out at 18 and go start and keep doing this and just build your own thing out and have a blast and go make some money while you can. I would not say you're going to do this 20 years because you're not. It's not going to exist in 20 years. There's too much change on the way business is done on the Internet. You know, you might have a two-year window. You might have a five-year window.

I don't know. And so I would commit to myself, if I were you, that when the thing does turn down, I might want to seek out an education at that point to give me knowledge to do other things. And it'd be great to have some business acumen from a business degree if you're sitting on a couple million dollars, you know? So knowledge is valuable. Going to college is valuable. Do you have to do that to make a living?

Well, crud no, dude. I mean, you're killing it, you know? So go pile up as much money as you can. Well, crud no, dude. I mean, you're killing it, you know? So go pile up as much money as you can. So that's part of our thing. I'm really uncomfortable participating in you deceiving your mother. And my fear is we have such a close relationship. Yeah, and I think deception is never a good rule.

I don't want to hide it from her. No, that's not true. You have hidden it from her, so you wanted to. So you feel bad about it, but you've got your reasons for hiding it are bigger than your reasons for disclosure right now and so what i'm thinking what i'm trying to get in my head is i would love for you to search out someone that is trusted by you uh spiritually and with business acumen and that is trusted by her that could mediate this discussion with the two of you. Okay. Could participate with you sitting down and going, okay, mom,

our friend George is here. He understands business and the Internet, and he understands spiritual things and values, and he cares about both you and me. And I wanted him to be present because I want to tell you some things that have been going on. I have $400,000, $300,000. This is the stuff I've been doing on the Internet. I'm very good at it.

I'm a child prodigy. You know, you are. But I think you just sitting down with your mom is not going to go well. Okay. And so I'm trying to pull in that right person that could kind of be a mentor to you and give you a little buffer. But it's got to be someone she trusts, because if you to develop some kind of a strategy or a plan like that that allows you to not deceive your mom anymore okay in the net and it may take you a month yeah it may take you a month to put it together and that's okay um and i'm okay with you leaving

your money in your paypal account and do whatever you want to do. That's all fine. There's no danger with any of that. And I'm okay with you continuing to do all of this. And I'm okay with you coming straight out of high school and making $600,000 a year. Dadgum. Life's rough, you know. But, again, I don't think that's sustainable because the current methodologies that you're using will not be there five years from today. And an education will give you the ability to do things that are sustainable and maybe step into the next thing with a little

more zest i i also don't want you to have uh this an unusual success at a young age and it's the only time you have success because you don't do foundational things that lead you into success when you're 32 as well as 22. So, wow, pretty incredible conversation. Thanks for calling in. I don't think I've had that one before. I've had a lot of different calls in 30 years on the show, but I don't think I've had that one. I did meet a kid that was doing that farm thing or something on the internet and he was 18 and his dad was there with him at an entree leadership event and um he was 18 years old his dad and his brother

his older brother both work for him and uh he had made four million dollars with these add-ons to that farm thing the kids play on the internet where you build a farm or whatever it is that kind of thing and you buy you buy stuff to get more sheep or whatever it is. I don't know how it works, but he had made $4 million at 18 years old doing that. So, I mean, I meet them occasionally. They're out there, but wow, pretty amazing stuff. Yeah, just build an app. That's all you need to do, and everything's going to be okay.

Wow, wow, wow, wow, wow. This is The Dave Ramsey Show. Hey, it's Kelly, associate producer and phone screener for the Dave Ramsey Show. This episode is over, but if you heard about a product or service and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.