The Ramsey Show - App - Should I Help My Son’s Girlfriend? (Hour 3)

Episode Date: July 11, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love love and create actual amazing relationships jade washoe ramsey personality number one best-selling author of the book money's not a math problem she's my co-host today open phones here at 888-825-5225 lynn is in madison w. Hi, Lynn. How are you? Hi. Thanks for taking my call. I appreciate it. Sure. What's up? So we have a son who is 22, putting himself through flight school.

He's been living with us. There was agreement made last year because he's doing it debt-free, which is what we're trying to help him do because flight school is not very cheap. He met a girl last year who is actually an orphan. Her parents passed away when she was 11. Not a good upbringing. She's currently 20. She essentially moved in to our house in January. So she's never had that basis, that base knowledge or education of anything,

essentially. So we're really trying to help her out. And we've purchased FPU for them to work on, which she's a little bit hesitant to do. But she lives paycheck to paycheck, obviously. She's not paying rent for us because we're trying to help her out, but we're trying to get her to save. She's a child care worker, so she doesn't make much. I'm just, how much is too much to help out, I guess? And are there any other resources out there for people who would be in her same situation where she's basically had nothing, has been made to be dependent on a lot of people,

and trying to break that cycle to kind of get them out into the world as functioning adults? Well, what Dr. John Delaney would say would be that she needs to be reparented yes because she never had parents she never had parents i mean she's been busted through the foster system or whatever and um and and and now when you attempt to do that she's resisting you right okay well so since she's resisting you. Right. Okay. So since she's been living with us, there's also this sense of entitlement because we've worked all the baby steps. We're currently trying to pee off our house early.

Who has a sense of entitlement, you or her? She has gotten more of a sense of entitlement. She feels like she's entitled to what um a lot of our stuff um and i don't know if that's because i've been trying to help her out and been giving you know her stuff like i'll pay for some clothes here and there or whatever you don't really want me to tell you this do you i you know what you know what the real problem is don't you i i feel i yeah yeah i think i do she shouldn't be living there yes i i do i i'm not she has nowhere else to go when did she move yes she does she had a place to go before she came there yeah

that's what i'm trying to find out. What was she doing before she moved in? So she was living with a sister at an apartment. She was paying very minimal rent. What was wrong with that? They moved and kicked her out because she wanted to start a family. So that is no longer an option for her to live with them you know what no you know what normal 20 year olds do they get a roommate and four jobs or three roommates and two jobs yeah yeah yeah and they don't have the option to move in with their boyfriend while his

mother looks over their shoulder which is just just really weird. I know it is. It's an uncomfortable situation, and we're trying to get out of this. I'm not sure you're doing her any favors. I'm trying to be gentle, but I don't think you're doing her any favors. No, and that's... I don't think you're really helping her. I don't think you're helping her. Because, you know, she's been playing survival for so long that she smells on you that what she can get away with, which is anything.

Yes. Yes, I agree. scenario if you took the foster care and the the hard you know the fact that she lost her parents if you kind of just remove that for a moment and just look at it for what it is she's 20 years old she doesn't make much money she's just getting started into adult land then that's kind of how you have to take it take it at this moment otherwise i do think that you're going to place too much into the emotional side of it, which is what you've done. And to Dave's point, yeah, what would she do? She'd earn more money over time.

She'd find an apartment with roommates. She'd be dating your son in a more normal environment, not her living there. And I think that that's what it is. And I think that sooner that you cut this cord, the better it's going to be for everybody long-term. If this was, my daughter Denise runs our family foundation. Okay. And occasionally the some of the local law enforcement folks will call us and there's a crisis with someone. And my daughter will come around that person and will help get them up, get them set up

with some money, get them set up in an apartment, get them set up with some money get them set up in an apartment get them set up with their utilities um get them started right but we always want to create a situation there for that person that is sustainable that the math work that the math works three months from now once we get it started not that is constantly dependent back on us because that person is it's not good good for that person to be 100% dependent on a foundation for the rest of their life. We can help them get started. And then what we always do is we walk the person over to their local church and put some folks around them to mentor them and disciple them. So if it's a young lady like this, we'd put some older ladies around her and say,

this is how you're a woman. This is how you're a woman of confidence and of composure and strength. And this is how you behave. And this is a spiritual walk. And this is a proper emotional walk. And they talk them, they reparent them, disciple disciple them mentor them into more of a normal functioning person because they've come out of this uh horrible background and experience and that's their only hope to be a 40 year old that functions right from this 20 year old point

and so we're trying to play long ball here and uh but we don't have the complication of none of us are sleeping with her right right which is the other issue yeah absolutely yeah i just i i don't i just don't know where to look for the resources i think if i think if i were in your old shoes i would i would set her up in an apartment and help her get started if you want to spend a few thousand dollars you've got it it sounds like and get her get her out of your son's bed put her in an apartment put her in put get help her get some roommates pay her first three months pay her utilities help her understand about getting some jobs walk her into the local church get some women around her that are not her potential future mother-in-law right and then if their relationship survives it has a chance of

being somewhat of a good marriage it's starting on such a toxic level with so many different interplays that um it's not starting in a good place. It's not good for him or her. Because 10 years from now, this weirdness is just going to be more weirdness if you all don't work on it. That's probably what Sharon and I would do if we found ourselves in your shoes. I don't think we would find ourselves in your shoes. But if we did find that, that's what I would do if I woke up there suddenly. Ouch. You're a sweet person, and you're trying to help. That's

a good thing. Make sure you're really helping. This is The Ramsey Show. Buying a house in this weird real estate market is weird. Selling a house in this weird real estate market is weird. If you want to do it right right you really need a pro in your corner somebody that does a lot of transactions not your aunt sally who got her license three weeks ago sorry aunt sally you don't qualify to be a ramsey endorsed local provider that's ramsey trusted we love you we hope you do good in the real estate business but we don't want you to sell a half a million dollar house for somebody we love and you've never sold a house. You need to be doing 30 to 50 to 100 transactions, 200 transactions a year, and then you can possibly become Ramsey Trusted.

So if you want to know who's Ramsey Trusted and is a high-octane, high-protein producer in your area, you can do that for free at Ramseysolutions.com slash agent. Teddy is in Traverse City, Michigan. Hi, Teddy. How are you? I'm doing great, Dave. What a pleasure to speak to you today.

You too, man. What's up? Well, I've been in debt most of my whole life between cars. My wife and I bought a house. I am self-employed. My wife is retired after 32 years. I make about $70,000 a year in salary. I have $1,400 a month in rental income from a home that we have purchased and paid off. My wife makes about $400 a week in a side hustle and she draws $1,500 a month from her

401k. Last year, we got a HELOC loan for a home addition. So I still owe about $100,000 on that. I owe $20,000 on the mortgage on the house we're living in now that we put the addition on, as well as $20,000 on a car. We got about $1.1 million in retirement. And of that, $210,000 is liquid investments. So my question is, we've been working the debt snowball, but do I sell some of my investments and pay off this debt and just get it over with?

Yep. Yep. How old are you? I'm 62, and my wife is 65. Yes. You said 1.2, and we turned it into 1, and you're 100% debt-free. I you take, you said 1.2 and we turn it into one and you're 100% debt free. I'll take it. I mean, you said you had $210,000 that was liquid. I do.

You can do it with... It's not tied up in retirement. That's liquid. Oh, it's not retirement at all. So you're not even going to have taxes on it. Yeah, I know. Well, it may be a little gain on it. It may have been sitting there gaining but but it's not might have a low capital gain but so it's not even going to be a 200 hit it's uh be 100 150 hit whatever but either way um you're 100 debt free now that only works teddy if you stop borrowing money oh yeah i'm sorry america i've been in you know borrowed cars bought to buy cars i know i'm real frugal i'm real you know you're not you're 66 with a stupid car payment

isn't that that you're a millionaire with a car payment yeah don't do that no sir all right brother hey seriously if you go pay all this off and then run up another debt you're just going to eat your nest egg up i can't wait to come and stand on the stage you've inspired me i love it brother i love it you're a good man congratulations on being a millionaire very cool very cool isn't it funny how hard it is to get the culture out of our veins it's very i mean it's it's yapping at us around every corner you know everywhere you look every corner that's why when someone's debt freehouse and everything we say you're weird yeah because you're you are you're weird just means unusual it doesn't mean bad well the weird what makes you weird is you've decided to become independent in a culture

that teaches you to constantly be dependent that's what the weird is wow let it roll around in the brain for a while that's strong that's strong well done all right let's do it charlotte's in cincinnati hey charlotte you? Hey, good afternoon, Dave and crew. Thank you so much for taking my call. I thoroughly enjoyed listening to your program. My question is, just a tiny bit of my backstory. My husband passed away in 2012, and as a result of insurance money coming in, we were able to get debt-free, my daughter and I, and we have

stayed debt-free, thank God, and she just finished her freshman year in college. We have a cafeteria 529 plan projected. You have a what 529? It's what's called a cafeteria 529 plan. Oh, a cafeteria. I didn't hear the word. Okay, cafeteria. Okay, I got you. All right, good. That's a good plan. So, yeah, so we've got our college paid for as far as that's concerned. But, unfortunately, the way that it's grown, there's a trajectory of being like an $80,000 surplus at the end. And I found out that I could only put $35,000 in a Roth IRA in her name. That's true, after she's 30.

Okay. Yeah. So I'm a little bit concerned about, like, can I take any of that overage? I mean, what can I do? So how much is in the 529 total? There's probably right now 189,000. Okay, and how much did you put in and how much is growth? Well, that's just it.

I think at the time I only put in like, I don't know, $85,000. Okay, she got $100,000 growth. You got $100,000 growth. Yeah. And of that, $80,000 is going to be, if he keeps growing, there's even going to be more. And so you'll have an $80,000 overage. Is that what we're saying? Yes.

Is she getting any scholarships? She is. Okay, you know you can pull that much out. The equivalent of the scholarship can be pulled out each year. No tax. The equivalent of the scholarship, okay. So she gets a $10,000 scholarship, pull $10,000 out. That's actually an incentive to get more scholarships.

Yeah. Okay, because I guess my tax prepar preparer he doesn't know about that is there any place that you could direct me as to where i could find good solid information about this kind of stuff a different tax preparer because that's pretty standard information i'm not even good at taxes and i know it so yeah um you know if that's if that's one of our elps i'm sorry but if it's not check one of our endorsed local providers for taxes in your area and get a second opinion on it but you're allowed to pull the equivalent of scholarships out athletic academic whatever the basis for the scholarship is um every year and there's zero tax on it so she gets a scholarship pull that much out

do you know how much she got in scholarships like last year i mean it was i don't know it was around 10 000 i think yeah okay all right that's not going to alleviate the problem completely because if it's times four it's only 40 000 right and um uh and she's 80 over so you're gonna have another 40 and i really wouldn't screw around with the roth ira at age 30 i just go ahead and cash it out you don't get uh it's not a hundred percent tax you're just taxed and penalized on that amount of growth only that's why i was asking you what you had in it and so the calculation is not as severe as it sounds um so let's say you end up pulling 40,000 bucks out because we just got rid of 40 with the scholarship idea um you know you might have five thousand dollars in taxes it's 10 it's 10 yeah

is that the rate yeah on the growth yeah yeah so i could in essence take that money out and use it say like for home improvements and use it for anything if you pay the taxes on it and there'll be the taxes and the penalty there's a tax and a penalty both but it's maybe a 10 or 15 000 out of that 40 you're going to lose but it's not 100 so they don't take the whole thing and rather than try to screw around with something for a 22 year old wait until they're 30 and these idiots in washington change the law six times between now and then? No. I just cash it out, take my hit, and go on and go, hey, we paid for college, and we had a little leftover. Life's good.

Yeah, I agree. There you go. Hey, good question. Thanks for calling. So, you know, that's a very unusual problem. Yeah, I think it's a good problem to have. It's a problem of abundance. Yeah.

I mean, the only other thing is if they left it, I mean, it can pass. Her as the beneficiary, she can pass it to her kids when the time comes. That's way out there. Now we got 800 grand. That's true. Yeah. At that point, if you take the penalty, it might hurt a little bit more. Yeah.

I think I'm going to go ahead and just be done with it and just say hey we did a great job we might have even done too good a job but just so slightly just so slightly you know when i hit a golf ball a little bit too long i just say i hit it too well that's all it is this is the ramsey show jade washaw ramsey personality is our co-host today i am dave ramsey your host aaron is with us in lexington hi aaron what's up hi thank you for taking my call um my husband and i are wanting information on how to gift a home to his sister We had bought the house for his mom in 2002, and she has since passed, and his sister moved in and helped take care of his mom when she had Alzheimer's. So now we would like to be able to give her the house without too much tax implications.

You can do it with no taxes potentially. What's owed on it? Nothing. Okay. What'd you pay for it? We paid $120,000 for it. What's it worth? We haven't had it appraised, but Zillow says $226,000 to $263,000. Okay. And what's your all's net worth? A little over $2 million. Okay. Good. All right. Well, basically, you have a $20 million.

It changes every year a little bit, but it's in that range. Federal tax exemption. exemption so all of your assets up to 20 million dollars can pass to anyone else at your death with no federal income tax or no federal estate tax okay okay so your estate is not taxable nor is it likely to be okay um that's important because you can gift using part of your estate tax exemption, part of that $20 million exemption, you can gift prior to your death using the unified estate tax credit. Okay. Unified estate tax credit. And basically, if you had had we'll use an example if you had a 20 million

dollar exemption and you use up 250 000 of that well now you have a 19 million 750 000 exemption you're using up some of your exemption before you die right okay and it doesn't matter because you're not going to use it all so it's's okay. No. Great. Okay. Now, so if you don't do that, you are going to be liable for a gift tax of approximately 55% of the value of the house. Okay. So you're going to get hit with over a hundred thousand bucks in taxes if you don't do that. So you need to go get an estate uh an estate planning attorney and or a tax attorney in your corner that can help you do this the right way because you need to write this up and and you probably would i probably would spring for an appraisal just to be super careful to prove to the irs the value that you transferred under the

unified estate but it's not going to be even close but even even the same i'd want some kind of documentation in the file as to the value okay in case you're ever audited and then with your income tax return the following year after you do the gift or the year you do the gift you do it in 20 and 24 when you file your 24 return you'll have a statement with that that goes that you did this and it and then you've got the documentation in your file for the rest of your life so if it ever comes up but basically if you do that it should be zero tax okay great so but you're going to pay a little bit to an attorney to make sure you're doing it right and it's worth every penny perfect make sense thank you so much yep it does hey thanks for the

call that's great open phones at 888-825-5225 i'm trying to find our little cheat sheet it's uh 27.2 million wow is your uh is your uh for a couple that's for two people okay um and you can transfer not using that up to 18 000 that's the gift tax exemption per individual so another trick jade that we tell people all the time is if um in this case it's not so but like if you're up out there listening and you want to give money to your grown kids who are married and you're married so you could give each of the kids 18,000 that's 36 your spouse could give each of the kids 18,000 that's another 36 so in a calendar year you know you can transfer 72,000 yeah that's with zero tax and not even touch the estate tax exemption and so if if you

were dealing with uh if you wanted to say for instance put a a note on this house uh-huh for 220 or 210 at 72 000 you could be done in three years and never use up any of your estate tax exemption how is there is there any line between what can be considered an estate tax exemption or whatever you choose? Anything you're gifting, you're avoiding gift tax by using this. Okay. But I'm saying it doesn't have to be something like a home or something. It could be anything of value that you're afraid you're going to get gift taxed. I mean, if you're leaving your grandfather's pocket pocket knife you don't have to worry about it but you know but i'm saying if you start

talking about something that's north of 10 grand you start to worry about whether the iris is going to look in look in over your shoulder and try to hit you with a gift tax and you don't want to get hit with a gift tax because as i told you it approaches 55 in most cases so you want to stay away from that one dalton is with us dalton is in nashville hi dalton how are you hey dave uh it's nice to talk to you again i talked to you back in 2018 was i nice yes you were you i believe you set me up for success good um well you're back so there's that that's a good sign where is it another load of questions i'm 27 years old now um and i got out of the army since then i was an army when i called you last and i'm a federal agent with the government now wow i just bought a house cool and

i'm in tennessee I'm moving south of Nashville. And I was wondering, I have a sum of savings that I've saved up thanks to you, or largely to you. And then I'm looking at getting married in the next six months. Yay! Fairly, yeah. Your life is good. Fairly large sum of savings. Yeah, the Lord's been good to me.

I'm really blessed. My question'm just, my question is, where do I put that summer savings that I have and in anticipation of getting married within the next six months? And she has a summer savings. Where do we need to put that? Do we throw it on the house? How much is it? It's not super significant. I have about 60 just liquid, and I have another 50-something in my TSP. Okay. And then she has around 100. And what is that? Where's her 100?

It's in a high-yield savings account. Oh, okay. How much do you owe on the house? $400,000. Okay. And you have any debt other than the house? No debt. Neither one of you?

Neither of us. Excellent. And she owns a business, like a boutique type, well, children's clothing business. And she makes around 50 a year. But again, I'm not married to her yet, so I don't quite factor that in. Right. So, okay, that's good to know. So the 60K, that's yours.

Are you calling that three to six months of expenses? Or is that separate from... Part of it. I would say part of that, yes. What part? That is incorporated into that savings. What, where does the... Part of three to six months. okay, where does the emergency fund end and the fund money begin? So how much of it is emergency fund?

15 to 20. Okay. Will that work when you're married? I'd probably bump it up to 30. Okay. Okay. So we've got 30K that's kind of disposable at this point, right? That $30,000 that you're going to, after you're married,

that would be your emergency fund, and you've got $160,000 to work with, so you've got $130,000 to throw at the mortgage. What about the wedding? She's more frugal than I am. I'm pretty frugal. So we're looking at doing a very small wedding. And I think her dad is willing to pay for most of it. Most of it.

So maybe you guys spend just a couple thousand. Right. Right. And she doesn't want me to buy a huge ring either. So other than you're planning for whatever your honeymoon is going to be, I would probably, when the time comes after you guys get married, this $100,000, it might be some money that you want to put towards the mortgage and start working on paying the mortgage off because you've got the three to six months of expenses. Whatever is left is going to go to beef that up a little bit more and pay for the wedding.

And that's what I would do if I were in your shoes. This is The Ramsey Show. Our scripture of the day, Proverbs 28, 19, whoever works his land will have plenty of bread, but he who follows worthless pursuits will have plenty of poverty. Ann Landers said opportunities are usually disguised as hard work, so most people don't recognize them. John's with us. John is in Charleston, West Virginia. Hi, John.

How are you? I'm good, Dave. How are you? Better than I deserve. How can we help? Well, I recently had a car turtled out, and I guess my question is, how much should I be spending on a new vehicle, or what would be reasonable to spend on a new vehicle?

And the reason I ask that is because I originally spent about $36,000 on this vehicle. Insurance is looking to pay out about $10,000 more than that, and that's about what it's looking like I'd be able to purchase another one of those. I'm sorry, your car went up in value? I guess so. I purchased it about three months ago.

You're going to get a $46,000 check for a car you bought for $36,000? Yeah, out the door. I went and paid cash for it, and, yeah, I'm getting about, it's closer to $47,000. Wow. I got a47,000. Wow. I got a check from insurance. Congratulations. You hit the jackpot.

Yeah, I got pretty lucky. I guess lucky and unlucky. Yeah, is everybody okay? Yeah, I was only in the vehicle, and the person that hit me ran off, so I have no idea if they're okay. They totaled a car and ran off wow sheesh all right so what vehicle do you want to get what are you wanting to do uh the vehicle i had was a uh toyota rav4 prime um it's a plug-in hybrid vehicle i loved it because i could drive on

electric range and it costs like 30 a month to drive like a thousand miles. So what do you want now? I'd love to have the same thing, but I can't really justify spending $10,000 more for something that I bought three months ago for $10,000 less. So what would you get instead? I was looking at several different cars. Maybe there's a Jeep plug-in hybrid that's a bit closer to me and is a little bit cheaper, but still more than what I spent on my original vehicle. So you have $10,000 more to spend than you had before. It sounds like you don't necessarily want to spend that on replacing a vehicle. What would you spend the other $10,000 on? What's more important to you is what I'm trying to get at. Do you have debt that you're trying to pay off? Is there something else you want to do with it? No, I don't have any debt. Well, I have a mortgage that I got several years

ago. I have like a 3% interest rate on it. What's your household income? I make about, it's just myself, but I make about $90,000 a year. Okay. I mean, if you don't want to spend all of it on a new car, you don't have to, but for a lot of people, this is a moment to maybe upgrade if they want to. It just sounds like you kind of have your eye on what you want to spend and you want to stick in that price range, and that's fine. I don't think anybody's going to convince you to spend more than you want to spend. It's not a hard and fast rule, but a rule of thumb that we use all the time is don't own things with wheels or motors that equal total more than half your annual income.

So if you make 90, 47 is slightly above that. So that's right on the bubble. 37 is not on the bubble. You can afford it. you're paying cash for it you have no debt you've been frugal so anywhere in there is fine i wouldn't go to 60 in this case if i were in your shoes i would probably say the insurance check is the most i would spend and anything less is certainly fine okay yeah okay Yeah, I mean, okay. Thanks for the call, brother. Eugene's in Dallas. Hi, Eugene.

How are you? I'm doing good. How are you? Better than I deserve. What's up? So I just have questions and, you know, like the best way to pay our student loan. I'm currently married, and we're making a little bit, but, you know, we're kind of confused on how to go about it how much are they 117 how many is it is it busted into lots of little loans yeah it's like three of them only three yeah okay um is it your only debt? I also have a car that I'm paying as well.

Okay. So the best way to go about, is it just the car or do you have other debt? Other than the house. Okay. Just the car and the house. Okay. And what do you owe on the car? About 15K.

Okay. And what's the smallest student loan debt? It's 18. Okay. 18,000. So technically your car is first if we're listing our debts smallest to largest to do a debt snowball. Technically you do your car first, which in your case might be a great thing because what's the payment on the car? I'm paying to my host family. So essentially I pay $500, but I chose that amount because I

wanted to get it done first. Okay, great. I can only decrease it by one. Well, either way, the point of me saying that is once the car is paid off, it's freeing up $500 to start throwing at these student loans. So are these federal student loans? They are, yes. Okay. So the good thing about a federal student loan right now is you can kind of take advantage of some of the IDRs that will allow you to temporarily have a lower minimum payment so you can pay off this car quickly and then take all of that money and throw it at the smallest student loan debt, which in this case, I think you said was $18,000. But I want you to

still check and see if that's busted up any smaller because sometimes they are by even by semester when you took it. And when you do that, you satisfy the minimum payment and then whatever your extra payment, which is going to be as much as you can scrounge up, you can literally throw it at that smallest increment of the debt so that you can knock it out quickly. It all goes towards the principal. So I challenge you to take a look at that because they might be even smaller with smaller account numbers. What's your household income? Got it, got it. Currently between the two of us, it's $207,000. Okay, and you have $117,000

and $16,000. I would challenge you to live on beans and rice. Do nothing. Don't go on vacation. Don't go out to eat and be debt-free in a year. Radical. $10,000, $12,000 a month

throwing at this. Like scorched earth, man. Go hard. Yeah, why not? You can live on $100,000 and knock this out or a little less. We can, definitely. But currently we don't live in the same state. So she lives in Alabama. As I said, she's in school. And we have a house over there and we have like about $82,000 equity on the house. So she's in school and we have a house over there and like we have like about eighty two thousand dollars equity on the house so she's gonna move here soon so you know my thought was in the next few months like in the next three to four months okay let's get the house up for sale

yeah so i wanted to like you know ask whether like it would be a good idea to put the equity yes absolutely yes use everything you can get your hands on to clear this debt up because when you're to ask whether it would be a good idea to put the equity on the loan. Yes. Absolutely. Yes, use everything you can get your hands on to clear this debt up. Because when you're 100% debt-free, then you can save like a maniac for your emergency fund and then save like a maniac for your down payment on your next house. But the great news is you're getting ready to be completely debt-free fairly quick, and then you'll build that emergency fund at the speed of light like we were talking about and then go ahead and start doing the house you're going to be in really good shape

to do all that yeah with a $207,000 income that's pretty impressive you can go a lot of places with that absolutely jade there is a uh all the years of teaching people to get out of debt so that they have their income freed up to build wealth with, which is what happens. This is how you become wealthy. We have learned that the faster you can get out of debt, the higher the chances are that you actually get out. Absolutely.

I mean, you guys went forever. You're like seven years. That's very unusual. That's rare. That's very unusual. That's rare. That's very unusual. I mean, but, and most of the people we talk to running their total money makeover with gazelle intensity, no eating out, no vacations, beans and rice, rice and beans,

they're debt free in 18 to 24 months. Yeah. Most people. In his case, he's going to sell the house. He's going to be there in just a few months. Yeah. That's lucky for him that he had that asset to sell. But there is that correlation between, I almost feel like it's a combination of you've got to feel a level of uncomfortableness yeah your depth of sacrifice

yeah that allows you to increase increases the speed and the increased speed increases the probability of ever doing that's right but that uncomfortability factor is a big part of it it's a big one yeah that that ouchy that period of time where you go through hell but just as the country song says just keep on going well yeah you put yourself in the hot pot and that way you're like hey i gotta get out of this pot like that's i'm not gonna stick around here yeah life is not fun like this it's not i want to be free yes that puts us out of the Ramsey Show and the books. We'll be back with you before you know it.

In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. We'll see you next time. you