The Ramsey Show - App - Should I Interview for a Position That I Don’t Feel Qualified For? (Hour 2)

Episode Date: November 9, 2021

Career, Home Buying, Home Selling, Debt, Saving 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, broadcasting from the Dollar Car Rental Studios, 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, America. It's a free call at 888-825-5225.

That's 888-825-5225. Ken Coleman is my co-host today. Ramsey personality here on the air. We're answering your questions about career, about money, about life. 888-825-5225. Now, launch day for his new book. It is now available in stores. Soon to be another national bestseller.

From Paycheck to Purpose, The Clear Path to Doing Work You Love. Ken's second book. His first was a number one bestseller. And this one, I suspect, will be as well. Or very close, if not. We're right there at it. It's going toller. And this one, I suspect, will be as well or very close. If not, we're right there at it. It's going to happen. And it's good.

It's good. And those of you helping out there by buying the book, we appreciate it. That's helpful. And the book is going to change your life. It's got the seven clear stages to find and to engage in work you love. And you spend the vast majority of your waking hours at work. So don't do it doing something you hate. Yeah.

55% of Americans right now are actively considering moving on. And of that group, two-thirds of them don't know what they're looking for. And so there's a tremendous amount of frustration right now with folks. And it starts with, let me get clear about what my options are. What are the pathways? And then how do I go about doing it? So let's overcome these myths that you got to get a college degree or a master's degree or higher degree just to be able to move forward. Can you do it while in the baby steps? The answer is yes, too. These seven stages work in lockstep with the

baby steps. They don't take you a different direction. And there are times where you have to pause the seven stages to doing work you love, that purposeful work. But you can get there. The dream is still going to be there. So really excited about the book, and it's going to help a lot of people. And for those, Dave, who are looking for a quicker kind of, all right, I want to turn the book into a field guide up the mountain.

We've also got that Get Clear Career Assessment at RamseySolutions.com that goes with the book. It helps you dive deep in about a 20-minute assessment and get really, really clear and start to move forward. Great tool. That thing is, man, almost 10,000 people have already taken that. It's pretty incredible. So, from paycheck to purpose, the clear path to doing work you love anywhere great books are sold, including RamseySolutions.com, Amazon, the fine French store Target, and, of course, Barnes & Noble. Anywhere great books are, you can find this book.

Frankie's with us in Phoenix, Arizona, starting off this hour. Hi, Frankie. Welcome to the Ramsey Show. Hi, Dave and Ken. Thanks for taking my call. Sure. I'm in a quandary. I am 75 years old. I have no children. I have a house that I live in and I have two rental properties. One is completely paid off and the other I owe

$6,000 on. So I'm able to supplement my social security and between the two houses, if I have it at market rent, which one is at market rent now, the other one is not yet because I'm in the process of rehabbing it while my tenant is still in there. So that's been a long process. He wants to buy it and that's why he wanted to stay in it. So when that other house is up to, when it's completed, the renovation's completed, I will have about $30,000 in it because the house was built in 1955, so it needed a whole lot of updates and renovation. And so I'll be netting a total of a little over $20,000 a year from the two rentals that will be paid off. But the tenant wants to buy it. Market value right now is, I paid $70,000 for it 13 years ago.

I have the same tenant for 13 years because I've kept his rent below market. So now I've offered it to him twice before to buy it. He said no. Now he wants to buy it because he knows I'm going to up the rent. And so I'm trying to decide sell it or keep it. Yeah, okay. Let's just stop. I don't want to be mean to him or anything, but what he wants is not relative to me.

I know. All that matters to me is what you want. Right. So you're 75. When you're 80, do you want to own these two rental properties? It sounds to me like you're pretty good at it, and you may want to own them. Well, I have them in different states and the one that's cash flowing very well, I have a wonderful property manager. He's great. And so I trust him completely and he's doing a really good job for me. This other one that's not quite paid off and has a tenant in it, I've been managing it from a distance because I've had this same guy in it for 13 years.

It's in Dallas. Okay, and you're in Phoenix. Sounds to me like you might have an itch to sell it. Well, an itch market value right now is between 180 and 190 and i paid 70 for it right so you're gonna have some capital gains a lot yeah but not 250 so i i don't have to wait well of course it's a rental so i don't have any write-off on that so yeah whatever you're in you probably have adjusted you're probably written off depreciated your basis down to nothing. So it's probably all gain.

It's probably all gain. Yes. Yeah. So it's going to be a $30,000 tax bill. Yes. I'm aware of that. Okay. All right.

The question I'm asking is this. Regardless of what your tenant wants, what does Frankie want? Well, you know, before he wanted to buy it, I'm thinking, well, I've built myself a pretty good annuity. I mean, I'm not have to pay any, you know, when you buy annuities, I think that that's not reasonable for me. And so I feel like I built myself this annuity by having these two properties now when i'm 85 yeah but when i'm 85 do i want to mess with it i don't know i don't think so okay all right i mean it's up to you it's a good time to sell if you want to sell but you don't need to

sell by the cause the market's telling you to sell and you don't need to sell because the tenant wants you to sell you need to sell because you want to sell and here's the thing after talking to you for just a few minutes you're sharp you already know down inside what it what feels right to you and you can trust your instincts frankie after talking to you you got good instincts that's right that's why she said quandary going, I know what I want to do, but I'm feeling pressure somewhere else. And I think she's feeling pressure because she's a nice lady. I think she's going to keep it five more years, and then she's going to sell it. I think so, too. That's the quandary.

That's what I think she's going to do. But I think this tenant, she wants to keep this guy happy. And you know what? He's been happy long enough. He's been there 13 years at reduced rent. It's time for him to not be happy. Yeah, tough, man. You're a big boy. Go buy yourself a house somewhere else. It's been there 13 years at reduced rent. It's time for him to not be happy. Yeah, tough, man. You're a big boy.

Go buy yourself a house somewhere else. It's your house. That's not greedy. It's just doing business. I love it. I mean, we raise rents on ours every single time they come due, even if it's 20 bucks, because I don't want anybody thinking that it's going to be locked in that way for 10 years. No, Dave, it's because you're an evil slumlord.

That's me. Just admit it, you evil, heart's because you're an evil slumlord. That's me. Just admit it. You evil, heartless capitalist. Some really nice slums. Yeah. It's a really nice slum. Yeah. There you go. But I am heartless and greedy.

Oh, without question. There's no question about that. Yes. No doubt about it. This is The Ramsey here. I know this year has been crazy and a lot of you are super stressed about money. But what if I told you there was a way you never have to worry about money again? Well, there is. When you have the right plan, the right tools, and the right teaching, you can be confident you're always doing the right thing with your

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to build and extra travel expenses oh and extra food yeah all of this all of it's got to get done and what if the money was something you never had to worry about what if you never worried about christmas well it's actually possible you just need a plan and that's what you get when you become a ramsey plus member we'll put you into need a plan. And that's what you get when you become a Ramsey Plus member. We'll put you into Financial Peace University, our class that's taught just under 10 million people, where you'll learn the plan that's helped millions save for emergencies, pay off debt fast, and build wealth.

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Blinds.com gives us our question of the day. Find out for yourself why Blinds.com is the number one online retailer of custom window coverings with free samples, free shipping, and new promos every month. You're going to save even more. Always use the promo code Ramsey. Blinds.com, a great American company. All right. Talk about it, Ken. All right, Sean is giving us the question today. He's in Wisconsin.

I'm currently working for an HVAC building automation controls company at a local branch. As a project manager, I'm a mechanical engineer and have been working in the automation field since college. Over the last four and a half years, I've grown to hate the industry, and I feel like I've made a major mistake taking on the project manager's role. I'm learning that managing other projects and people is not a strength of mine, and I find that it is nearly impossible not to take work home with me. I'm more of a people pleaser and tend to not delegate work well.

What are some good ways to qualify for work that would ultimately need more education to be qualified? In parentheses, he puts programming, technical support while not going into debt. Okay, so the way it's worded, it's a little fuzzy here, but if you're looking to get into programming tech support work, Sean, I can tell you right now you don't have to get a college degree. There are so many certification programs and training programs that you can get that qualified skill set and some experience to be able to get into that. But you're going to need to be patient and hang on. I know you're in a situation right now where you're being drained,

but we want to hang tight unless in that project management role, if you can replace that income right now in a temporary move, hourly work, doing something else to just get you out of that management role where it's kind of sucking the soul out of you, but you're going to keep your same income or maybe make a little bit more in an hourly temporary role, do that while you're getting qualified. But Dave Bethel Tech's a great example. They sponsor Ken Coleman's show. They're part of the Ramsey Network. And this is a great program, nine-month program, less than $15,000. They allow you to cash flow your way through it because they support and believe in what we do.

And their people are starting out making $65,000 to $70,000. A coding school. Coding, programming, technical. You don't have to have any prior experience or revealed skill set. They can train you for technical jobs. When we look at programming, any type of technology work, that's just one example. Do your homework. Kick the tires.

A lot of great programs that are affordable and not that time-consuming to get qualified. So I'm wondering, mechanical engineer. That's what his background is, yeah. If there isn't a different application for that that wasn't merely project managing automation stuff. Yeah. And mechanical engineers can, he may be spatially minded. He may be able to see things in 3D. And, you know, there may be a whole lot of different applications for his existing.

Tons of versatility there. Of his existing degree. Yeah. That would be different than what he's doing. I mean, he's got, he's stepped into a very narrow nuance of what he could be doing. I agree. And that's like, we love those phone calls because when we dive into this, we go, okay, so the two things that you said you don't like are the project managing, which is logistics in nature, and then the people stuff, which is leadership. He might just be a guy who likes to fix things with his head and hands, that mechanical part of the engineering.

And he's in this project management, which it's got a lot of people stuff in it. Even if he's not fixing it with his hands, even if he's drawing a mechanical engineering piece on an ad. Lots of options. And solving, you know, creating solutions by his methodology, by creating the item, the mechanical engineering solution. I know we do a ton with mechanical engineers around here. We're wiring these studios, putting this stuff together. We're building this conference center up on the hill. We've outsourced mechanical engineering with architectural firms

because it's so much detail there. And we had to solve a lot of problems there and i don't know but what that you know you don't have to be in a you know a project management situation with no not at all it feels like he this is one of those situations we hear a lot i fell into this well or i heard that you know people are making a lot of money coding maybe i need to be a coder there's that so he jumps over to do that i don't know maybe he needs to be a coder it's's okay. If he does, I need some coders, so that's great. I mean, we need some programmers here. Yeah, that's a good point.

We do. But pretty cool. Pretty cool. Good stuff. The book is Paycheck to Purpose. It launched today, The Clear Path to Doing Work You Love by Ken Coleman. Leanne is with us in San Antonio. Hi, Leanne.

How are you? Hi, Will. How are you? I'm well. How are you? Better than I deserve. What's up? So first let me just say I preordered Ken's book, and this call is really probably more for him. Well, thank you.

Thank you. What's going on? So we're in baby step two, my husband and I, and he recently in June had to take the job that cut his pay in half. I have been a stay-at-home mom for over, why? Because he worked in, he's an electrician. He works on building tunnels in cities, transportation, and all those jobs had dried up. And so he took a job with a company who does the same thing,

but it's a private company, not unionized. He's excited for that job because he's getting older and he's using all the knowledge that he's gained in all those years, but he cut our pay in half. So I've been a stay-at-home mom for 25 plus years, and I haven't been in the workforce, but our kids are growing, and I want to contribute financially to make up the pay cut that he took, but I've been out of work for 25 years, and I don't even know what to do. I mean,

I homeschooled my kids. I did take a little job. Go ahead. How much money do we need to make for you? If you're making up that 50%, what's the number? Well, it would be in, I mean, I think 50 would be less than what made up. I mean, he made 250 last year. He's making 92,000 this year. Okay. So you're trying to make 50 to 100 is what would be making it up. But right now, you've been out of the workforce for 25 years. So here's what we start with. We start with the clues of talent. What do you do very, very well?

And you didn't lose that skill set. You might be rusty, but we want to start with talent. What do you really, really do well? And that's going to get you some clues. But I'm just curious, what would you do tomorrow if you knew the money was there and you knew you couldn't fail because for 25 years being a homemaker your mind is wondered at some point what would that be give me just one answer that you don't have to lock into um i really enjoy and i've done it i working in ministry with young people like i worked as a youth director at my youth camp or at our church.

What I really loved for a little bit, I was the executive director of the Crisis Pregnancy Center, and I served on that board for 11 years, and I really loved that board. All right, so we'll start there as one really good option. You've got a lot of experience and a lot of skill being an executive director running a nonprofit. You've also worked in ministry, so you know of skill being an executive director, running a nonprofit. You've also worked in ministry, so you know those lanes. You know how to lead people. You know how to lead projects.

I would be looking in those areas right now. This is not going to make up, though, that gap that your husband took, so I want to address that very, very quickly. But I'll get to that in a second. But, Leanne, I want you to be looking for opportunities, local ministries, Christ as a Predator centers, nonprofits. Get in there. Even if you've got, non-profits, get in there. If you've got to volunteer to start to get in there. But I want to challenge your husband. As an electrician, a skilled electrician,

I know he likes what he's doing, but he could be making way more. I would challenge him. Unless you guys can absorb that pay cut, I'd be looking for a better electrician opportunity. This is The Ramsey Show. We'll be right back. Ken Coleman Ramsey, personality, is my co-host today. Open phones at 888-825-5225. Zach and Bronwyn are with us in Savannah, Georgia.

It says on my screen, you guys are debt-free. Congratulations. Thank you, Dave. Hi, Ken. Hi. Very cool. How much have you paid off? Yeah, so we started at $86,000, a little over $86,000.

Good deal. How long did that take? Just, well, it took about 10 months to get the $86,000 paid off, but we started probably three years ago. Okay. 10 months for $86,000. And during that 10 months, what was your range of income? Our income was $160,000.

Right now, about $190,000. Good. What do you guys do for a living? I work for a construction equipment manufacturer here in Savannah. And I'm at the port. Okay. Very cool. Good for you guys.

Savannah's a great town. Very fun. So $86,000 of what kind of debt? It's all consumer and then $27,000 student loans. So we had $22,000 in credit cards and $37,000 in cars and then the remainder student loans so we had 22 in credit cards and 37 in cars and then the remainder student loans nice cars yeah yeah we got three kids so big cars okay all right fun so how long you guys been married oh five years yeah we both had to think about it. Yeah. So what happened 10 months ago put you on this Ramsey stuff? Well, 10 months ago, really, I heard about you in 2018.

I was actually pregnant with our second child, and I was overseas. I actually was on a seven-hour flight that pregnant. And listened to your audio book, the total money makeover. And I mean, the whole flight, I'm like, oh my gosh, I got to get off this flight because I've got to figure out how to pay off all this debt. I was running all the numbers in my head. So we Dave-ish it, honestly, for a couple of years. Clearly we were preoccupied with new baby. And then 10 months ago, we realized after looking at our budget that we just made too much money to be, you know, living paycheck

to paycheck. And when I looked at the numbers, we had paid year to date just on credit cards, about $35,000. And I was like, but they're not even paid off. So all in all, like we'll pay $57,000 in credit cards. And what do we have to show for it? So it just like flipped us on our end. And we were like, we can't do it our way. We've got to go back to basics. So we signed up for Financial Peace online and did the Ramsey Solutions and started budgeting and that made all the difference. Wow I gotta ask Bronwyn so you get off this plane I could just see you going excuse me pardon me

excuse me pardon me you wanted to get back home and get after it. Zach she comes home all fired up did you jump right in and say all right okay uh sure. Yeah that was how the first conversation you know while she was over there, we had, and then she had the audio, so I was listening to it while she was sleeping, feeding the baby, listening to it, and really, well, I'd say it got all in, but it was about, you know, 10 months ago where enough was enough, and I was fully in, fully on board. So you guys, that's when you signed up for Financial Peace University, and that's when you got on the EveryDollar app and everything.

That's right. Yeah, that's right. You went to Ramsey Plus, yeah. Yeah, that's right. We kind of like did it our way, Dave. We kept our savings account up because we were nervous because we had kids, and we had a lot of overhead to make up every month, and we didn't want to be in a bad place, but we were just very cautious.

And then, you know, really, I'm the spender, and he's the, you know, he put me on a budget day one we met, I think, so. I love it. Well, congratulations, you guys. Very, very, very well done. How does it feel now that you're free? It feels free, and free 10 months ago was a different meaning. You know, if someone asked me now what it is to be free,

I mean, it's like taking off a bag of bricks, and you didn't even know you were carrying them. Yeah, really. That's for sure. So what do you tell people the key? Now, you've been through financial peace, and then you actually did it. You paid off the $86,000. What's the key to getting out of debt?

What are the things they need to do if they're listening right now? So my advice would take your wife or husband's Amazon card, hide throw it away cut it up get that thing out of there guilty sounds very specific zach yeah guilty disconnect amazon prime yeah but definitely keep the momentum um once you once you uh pay off one thing keep it going um you kind of start seeing that the snowball you know to be cliche the snowball really does just keep rolling and it gets exciting the more you pay off the more excited you get the more fire jumps you get so just just keep keep going keep the motivation there very cool good stuff you guys we're proud of you way to go heroes those little babies lives

are changed because mom and daddy decided to take control of this money stuff very very cool we got a copy of the legacy journey for you uh that's the next chapter in your story to be baby steps millionaires before you know it and uh we'll also send you an extra copy of the total money makeover you can give that away and maybe they'll come off a plane somewhere and uh come home and go we're doing this that might work you never know or they may use it as the world's largest and best coaster it has been used for that on coffee tables all over america but it rises again but it right it always comes back it has a second life it always comes back when people need it the book is just suddenly laying there it's kind of amazing all right zach and bronwyn way to go. Savannah, Georgia, $86,000 paid off in 10 months, making $160,000 to $190,000. Count it down.

Let's hear a debt-free scream. All right, three, two, one. We're debt-free! Yeah! That is how it's done. Very cool, you guys. Very cool. Very well done.

David is in Salt Lake City, Utah. Hi, David. How are you? Doing great, Dave. Ken, it's great to talk to you, and I really appreciate all that you do. Sure. What's up? Well, my wife and I have hit some benchmarks in life, and right now we are energetically debating whether we should sell one of our rental houses or just buckle down and try and weather out the next two to three years.

So we bought our first house about 24 years ago when we lived in Idaho. And shortly after that, I was transferred down to Salt Lake for work, but we kept the house thinking we would always move back to that. And we've just been renting it ever since. And the two big things going on in our lives right now is one is my wife has just started the first semester of a two and a half year advanced degree program. So she's going to become a nurse practitioner. Good. And the second is that our renter in this Idaho house has stopped paying the rent. So we're now in the process of evicting him and the house will soon be empty. Good. Yeah. Yeah. So with it being empty, we started talking again. Should we clean it up, get it re-rented quickly, or is this the right time to sell that house? Just a quick look at the real estate market.

We think it would probably sell for about $300,000. What's owed on it? Zero. We paid it off a long time ago. So you have $300,000 in a pile on your kitchen table. Uncle Benjamin Franklin is looking at you with the eye. Do you take that money and do something with it, or do you go buy a rental house in Idaho? Not Idaho, for sure.

Sell it. Yeah, it's about two and a half hours away. Sell it. When we go up and visit family, we're working there. Sell it. Sell it. Yeah, it's about two and a half hours away. Sell it. When we go up and visit family, we're working there. Sell it. Sell it. There's nothing fun in this equation. I love real estate, but everything you've described to me, all the words had fatigue in them.

Yeah. I heard tired. I'm tired. I'm sick and tired. That's what I heard. I heard that in your voice. I don't know who's debating which way on this, but it's a 26-year-old dream you're ever going to live in that house.

You're not going to live in that house again. If you go back to Idaho, you wouldn't move in that house. Sell it. That's what I would do. Thank you. Ken Coleman Ramsey Personalities, my co-host today. We're launching his brand new book today. It's launch day here at Ramsey. The book is From Paycheck to Purpose, The Clear Path to doing work you love. Ellen is with us in San Antonio.

Hi, Ellen. How are you? I'm doing well today. How are you doing? Better than I deserve. What's up? Well, it's an honor to be speaking with both you and Ken today. I actually called in a few weeks ago asking for advice about staying in my current workplace based on a relationship I had or moving on.

And that's why I'm calling. I took your advice. I decided to pursue other opportunities that were offered to me at that point. However, one of the organizations, my top choice, they didn't get back to me immediately after the interview. So I followed up with them, following some of Ken's advice about adding value based on what we had talked about in the interview. A couple days later, they get back to me and they offer or they invite me to apply for a program management position instead of the case management position that

I had initially applied for. So my question for you guys today is, while obviously something in the interview told them that I might be a good fit for this program management position, on paper when I look at it, I don't see how my experience and my qualifications match up. So I just, I want to know how to show up with humility, but also confidence for this job interview when I don't quite believe that I am technically qualified for it. Okay, that's a really good question.

Okay, so can you be specific what parts of the job description, when you look at it, you go, I don't know if I can pull that off. What can you tell me? So there are just some very technical qualifications about, it's a refugee resettlement organization. So having to do with some policy and some experiencing managing like the applications for getting people over here, basically, there's that kind of knowledge. And then I don't have technically this type of management or supervisory experience. I want to be a program manager someday.

Great. But I thought that was more of a five- to ten-year plan, not necessarily a right-now thing. Okay, great. But they saw something in you. I'm going to repeat what you said to Dave and I. They saw something, and they're suggesting you come interview for it. They didn't offer it to you. You don't have to dance.

You can come in and listen, and you get to decide. Remember, a job interview, Ellen, is just as much for you as it is for the potential employer. So you're not committing. You're not a fraud. You're not wasting their time. Go in there and have a conversation. As it relates to leading people, no one's ever really ready to lead. Once you lead for the first time, you're going to learn the process of leadership.

And it is a learnable skill. And if you just serve people, if you ask these two questions on a regular basis as a first-time leader, how are you doing? This is the team that you will lead. How are you doing? That's a personal question. Check on these folks. How are they doing? It's not a greeting in the hallway. Second question is, how can I help you win in your role? If you were to just ask those two questions at the very beginning on a consistent basis,

you're going to learn the heart of leadership, which is servant leadership. I'm not concerned about that piece. I think you've got to ask yourself, I don't have the knowledge, but if they teach me how to handle the technical portion of that refugee piece and all this you could learn every bit of that in two days i think you could learn that just because you don't know it doesn't mean you can't learn it do you agree i do agree then go to the interview and have confidence that you're a teachable person are you teachable uh yes i would say i'm very

teachable good okay and you're so you're self-aware you're not strutting in there acting like you're too cool for school and you're not you know so you know what's going on you go listen i've never done those two things but i think you can show me how and i think i can do them all right and i i'm guessing i don't need to i don't want to mislead you and act like I've got five years of experience. But if you'll show me how to do these two things, I think I can learn how to do them, and I think I can do this. And, Ellen, ask this question at some point in the interview when you have a chance to talk. Ask, would you describe what a win looks like? This is not a job description, but what does winning look like in this role?

And have them describe that to you. If there's holes in that and you don't understand, ask follow-up questions. And when you get a sense for that, then you're going to have a really good idea whether or not you, A, can do it, and, B, want to do it. But go in there and just have a good conversation with them. You don't have to commit. All right. You don't want to know what's weird? You don you want to know what's weird you don't want to you want to know what's weird ken and i and the people at that company think you're more qualified than you

think you are absolutely right you've got self-doubt on you like a big heavy coat no she's just trying to be honest she's a person of integrity and she looks at things through details and she knows she can't check those boxes. Yeah, but the fact that we believe in her more than she does. But I think those boxes are checkable. That's the point. Absolutely. Somebody who knows how to get up, leave the kid, kill something and drag it home. Kiddo, you can do this.

Yes, 100%. You can do this. Tim is with us. Tim is in Pittsburgh. Hi, Tim. How are you? I'm doing well. How are you? Better than we deserve. What's up? Awesome. I am a senior in college. I'm studying finance, and I recently accepted my first big boy job. Cool. Hey, what are you going to be doing? I'm going to be doing finance for a food company. Cool. And what are they paying you? They're paying me 67. I love it. Good for you. Nice job. Thank you. So this involves a

move halfway across the country. I have essentially nothing to my name, but no debt. Luckily, I was blessed with that. And I'm just wondering where to start because I'm excited to work for the company. But at the same time, I'm also terrified of making that move. What terrifies you? Well, I don't really have, like I said, I don't have anything physically, so I'm going to need to buy a car, I'm going to need to buy furniture, going to need to get an apartment, all that stuff. Do you have any money? I'm sorry? Do you have any money? I do.

I have a few thousand that I'd be able to put, but that would allow me to stay with a $1,000 emergency fund, but it wouldn't be. Oh, sorry, go ahead. Are you moving to kind of a metro area where you don't have to have a car for a season until you get employed and start putting a budget together? The problem with the company is that it isn't a metro, but there aren't any transit lines

that really go to it, and there aren't many apartments in that area. Okay. So you have, you said a few thousand. How much money do you actually have? Give me the exact number. Oh, gosh. Probably liquid cash, I would say five to six. Okay.

Retirement, probably six or seven. And then miscellaneous brokerage is probably about five. Miscellaneous brokerage of 5,000? Yeah. Okay. So you have $11,000 dollars not counting retirement yeah dude go buy a two thousand dollar car get you an apartment and get some cheap used furniture yeah get going okay you got it man it ain't no thing okay listen go the rich into town when you get there to garage

sales and you can buy a six thousand dollar000 leather couch for $400. Yeah. Yeah. And you don't have to have a TV for the two weeks. And you don't have to have cable for the first week. And you don't have to have da-da-da-da-da-da-da, right? Okay? Mm-hmm. And so just, you know, you got, just put off some of the stuff. But you go in there, get a basic apartment, and, you know, just get you a mattress and throw it on the floor. And then you start getting paychecks.

You're going to get $5,000 a month paychecks. And you can start buying stuff then, okay, and cash flowing. But, you know, all you got to have is one little place to sleep, get you an apartment, get you a little beater car, and that'll get you started. And then this time next year, buy you a good car with cash okay you're used to living on nothing you're getting ready to make 67 000 how much of that can you save between the next year and this time in one year well yeah probably a lot more than yeah yeah so because you're used to living on nothing it's easy right so just like you say i'm gonna i'm to save up for a $15,000 car.

Good. And probably do that by, like, freaking Christmas, you know? Not quite, but I mean. When do you go? When do you move? Late June. Good for you. Okay, so you've even got more time to pile up money.

Yeah. And you're not looking for a sexy car here. You're looking for a reliable car. It might even be a little beat up, but it's great mechanically. All you want to do is get back and forth to work until you make enough paychecks to go get you a good car. That's all you're doing. Just pay cash for everything. Move slow.

Don't try to impress anybody. Nothing you buy in this first four months is going to impress a girl except the right kind of girl. This is The Ramsey Show. 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 your debt-free scream live on the show, make sure you visit theramzshow.com and register. We would love for you to come to Nashville and tell Dave your story.