The Ramsey Show - App - Should I Leave My Dream Job?

Episode Date: May 16, 2022

Dave Ramsey & Ken Coleman discuss: Should you sell your business, Leaving a dream job to triple your income, When and how to save up for a house, Selling a car to pay off debt. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. Ken Coleman, Ramsey personality, number one best-selling author of the book From Paycheck to Purpose, host of the Ken Coleman Show, is my co-host today as we answer your questions about doing work you love, about building wealth, and about creating actual amazing relationships. Open phones here at 888-825-5225. Paca is going to start this hour off, if I can get the right dadgum number pulled up here. There we go. In Hawaii.

Hey, Paca, what's up? Hey, how's it? Better than we deserve, brother. Is it Paca? Am I pronouncing that right? Yeah, that's right. That's right. Cool.

How can we help? Well, I kind of have a business in Hawaii, and I live in Southern California. I go back to Hawaii like once a month, but I had a competitor reach out to me that wants to buy my company, and I don't know if I should sell the company, and then I can go right up the baby steps and I'd be pretty set. You know what I mean? But I don't know if I should do that or not because I've been kind of self-employed. I've been self-employed for a long time. You know what I mean? So going and working for somebody because there's a job attached to that, you know, that acquisition, right? How long? Did they say how long they want you to work for them? No, I mean, it's not so much how long,

but like a couple years, you know, there's some good money too that they want to pay. So I don't know. I mean, maybe I should just go back to, so I have a house in Hawaii and then I have a house in Southern California. My family's in Southern California. I go back, like next week, I'm going house in Southern California. My family's in Southern California. I go back like next week,

I'm going back to Hawaii right now. I'm in Southern California and I work the business because Hawaii was real bad with COVID. So, uh, we moved out to, cause I was working kind of remotely. So I moved out to,

uh, Southern California and, um, I just go back and work the business and kind of work remotely and stuff. So that's getting kind of old with my, you old with me leaving my family and stuff too, yeah. So that's why I'm kind of tempted to maybe do this deal. So I don't know. Just trying to get some advice.

I found out about Dave from my father-in-law. Yeah, I'm just curious. Paint the financial picture for Dave and I if you were to sell, okay? And so based on what you clear, how much they're offering to pay you, because there's no contract, sounds like, on how long they want you to pay. So give us the financial picture, short term. Well, basically, they gave me a proposal, so it would be about 2.2 mil is what I would get. And then the job is like $ to 200 depending um and then uh you know with that money after i pay

the taxes and everything else i could pay the two houses off because the two houses i own uh i'm renting them right now because i'm renting myself so i'm renting the two houses for 4,500 each the one in california is 4,500 and so that'll be $9,000 with those things cleared, and I'll probably be making like $12,000. How old are you? I'm 36. Okay. So when you're 66, what do you want to be doing? I don't know.

This business is really stressful. I'm already, you know, I'm pretty stressed out about it, especially not doing it kind of remotely too. But it does make money, though. I built it. I'm proud of it. It's a part of me. You know, that's doing it kind of remotely too. But it does make money, though. I built it. I'm proud of it. It's a part of me. That's why it's hard to...

What did you make on it last year, a profit? I paid myself $100,000 as an employee and in the company, Nets, as a S corporation, that I pay taxes that pass through to me to about $300. The gross is about $1. Do you want to stay in Southern California or stateside, or do you want to go back to Hawaii long-term? Well, the job would be in Hawaii, and the reason we came to stateside was because the schools are not that good in Hawaii,

and I have three kids, and I'm married. I know. That's why I asked you. What do you want to do long-term? Do you think you not that good in Hawaii, and I have three kids, and I'm married. I know. That's why I asked you. What do you want to do long-term? Do you think you want to be in Hawaii, or do you want to be stateside? Yeah, that's, yeah. I don't know. Honestly, I got out of Hawaii because, you know, Hawaii is great.

It's a great place, but I just think there's more opportunity at stateside. Man, you're a dog chasing its tail. Havdeli, your tone says you want to stay on Hawaii, your tone. Your words don't say that. Your words sound wishy-washy, but your entire posture, I can hear it over the phone, means no Hawaii. And so I think another option is if these guys want this business and you don't want to work it and you don't want to go back to Hawaii, right, then say,'t say hey give me the option without me working for you see what they say i think you've got that i could get i could get a broker and uh just put it on the block you know i think i don't

think you're gonna get this much for it if it's making 300 grand it's not worth 2.2 if they're going to give you 2.2 you get any cash on the barrel head for it well it's the the way the industry works they um it's a recurring monthly revenue business so um you know we have security agreements and then they you know they're obligated to pay that so you know we have how are you getting your money up front or in payments yes on the sale they would pay us up front with a hold back of like 10 or 15 percent after the first year okay so you're going to get 2.2 minus 10 or 15 percent and then you work there for two years and you can control the hold back by working there towards the attrition of losing the customers or not so we have a base of customers

that pass on a monthly or but if there's hold back you could lose the hold back and your job but that's the worst case scenario correct yeah all right and uh what do you do for a living what's the business it's um a security company so we do fire alarms. Oh, okay. So you go sell the thing, and then you come to Southern California. What keeps you from doing something else with your life for the rest of your life? What do you want to do? I don't know if I want to do this industry, but that's just what I know. Yeah, but you know more than that. You're not limited to that industry.

You're an entrepreneur. You know how to sell something. You know how to serve what you're selling don't limit yourself you know you you've got options here but everything about you says you don't want to do this long term so i'm selling it i would too and i would limit my stay on for one year because i don't think you i don't think it's worth 2.2 based on what you're telling me and um i'll take 2.2 gladly get out of dodge work there one year get your whole backs dropped and you can make you can by working there you can make sure the customers retain which is what they're after and then you're done and you need a freaking plan

for what you do with the rest of your life then okay and you do need to think about that but you're i think you're done with this thing. A, you got a great deal. B, you don't want to do it. C, you don't want to go back to Hawaii. Sell the stinking thing. All right? Now, figure out what you're going to do because you're only 36 years old. You're not exactly retiring on this.

And he's got a house he can sell in Hawaii. Yeah, since you're not going back. So he's got a good start. I think here's the quick advice for someone like this. What did he enjoy about the work he's done so far? And then we get a list of those things. It's a function issue. Okay, I'd really like doing this kind of work, whether it's people work, idea work, process work, thing work.

Does the survey help him? Yeah, the Get Clear Career Assessment. Hang on the line. We'll give you that. Yeah, so you can kind of chart your future. And we'll give you that plus the book Paycheck to Purpose, the guide up the mountain. Get Clear Assessment. You need that.

You need to get clear big time. Hold on. Kelly will pick up. We'll give that to you as a gift. Did you know, statistically, when it comes to life insurance and protecting your family, that women are more likely to be uninsured or underinsured than men. This doesn't make any sense. Women make up half the workforce, contribute mightily to family incomes,

and in many cases are the breadwinners and take care of their families 24 hours a day. This is one of the most overlooked areas when it comes to financial planning. Maybe it's a relic of the past, but a loss of income or the need to replace family care is equally important for women as it is for men. Single moms, working moms, and stay-at-home moms all need term life insurance. Rates are actually lower for women, which is why I send you to Zander Insurance. They shop the top term life companies to find the lowest rates available. You can compare rates online at Zander.com or call 800-356-4282. This is something every family has to deal with.

That's Zander.com or 800-356-4282. Well, if you've taken Financial Peace University, you know it's life-changing. But it's hard to watch your friends, your family struggle with money when you know that there's hope that it can be done. Now you can help them change their family tree just like you did when you give them a Ramsey Plus gift card. It bundles everything that they need to win with one money, or win with money and one gift. The gift card includes Financial Peace University,

a year of the premium version of every dollar, and now we've also included and added unlimited group coaching from our team of financial coaches so if you could pay for these separately it would cost you over 500 but for the month of may only you can get a ramsey plus gift card financial peace university every dollar and coaching all included just 99. That's known as a deal. This summer, share the hope you've discovered by giving a Ramsey Plus gift card. Just visit ramseysolutions.com slash gift. That's ramseysolutions.com slash gift.

It's the easiest and best way to give financial peace, university. Blinds.com gives us our question of the day they've got a 100 satisfaction guarantee that means even if you mismeasure you pick the wrong color they'll remake your blinds for free you get free samples free shipping and with the new promos they run every month you'll save even more use the promo code ramsey to get the best deal today's question comes from j in New York. I'm a registered nurse and also a new mom to a wonderful six-month-old son. Currently, I'm working my dream job making $75,000 a year.

To speed up our debt snowball, I took a position as a part-time travel nurse on the weekends, bringing home an extra $8,000 per month. Is that what that is? But I'm working 70 hours a week. I left my dream job for another travel nurse assignment. If I left my dream job for another travel nurse assignment, I'd make triple my salary working just three days per week. Should I leave on good terms to raise my income, accelerate the baby steps, and hope that my dream job company will hire me back in a few years when I don't want to do travel nursing anymore? Well, now, you know, this is a very personal opinion here.

I don't know what Dave thinks, but I would. I would take the opportunity now, I think, if you leave well and you explain why you're leaving because of a very clear goal of getting through the debt snowball and the baby steps faster. Nurses, I mean, we have a large amount of nurses that have burned out and are leaving the industry. And so I don't think that you're, we have a large amount of nurses that have burned out and are leaving the industry. And so I don't think that you're going to have a problem getting back on with that company down the line. I would take the opportunity now to knock out the baby steps quicker.

Now, very few companies have the policy that we have at Ramsey. We almost never rehire. That's correct. We do, but it's very, very, very rare. Yeah. 99% of the time we don't. And because the reason you left is the reason that you'll leave again. And so we don't do revolving doors around here. But very few companies take that stand. So, you know, that's the thing. You got to decide, you know, if you couldn't get back on with that company, can you find something that looks a lot like your dream job?

Probably. And I think the answer is yes. Yeah, I think you can. I think you can. The only thing I'm worried about here, Ken, is, I mean, travel nursing with a six-month-old? Yeah, but it's only three days a week. So she's tripling her salary and only working three days a week, whereas right now she's working 70 hours a week with the main nursing job and the extra. And less travel, yeah. So she's going to have more time with kiddo, triple the money, speeding up the baby steps.

You know, look, to me, I'd take it. It's an opportunity to fast-forward some things, and then she's going to have a lot of options. Yeah, the other thing is if you get out there and you're miserable, you can look for a job. That's correct. I mean, I don't see any risk here. It's not permanent because travel nursing is generally a temporary thing. That's correct. Most people don't make a career out of that,

and that's part of the industry is there's a lot of come and go there or part of that part of the industry, so to speak. So, you know, I've laughed over the years how people have tried to call me in the growth of Ramsey Solutions here an overnight success. If you work your butt off for 30 years, you're an overnight success, right? And I've done enough stupid to know that overnight success is too short and too shallow to produce anything with momentum and with meaning. And a few years ago, we developed a way of thinking around Ramsey called the momentum theorem. Focused intensity over time multiplied by God equals unstoppable momentum.

I've taught that lesson in leadership settings all over America and to business leaders and to everyone else that the momentum theorem, it, you know, is how you create unstoppable momentum. I've taught it to Entree Leadership for years, and I've taught it to our team. Matter of fact, when you do your first year anniversary with Ramsey, we celebrate by giving you a coin with the momentum theorem on it. That's how much we think of this idea. This is where momentum comes from. But you can have momentum in everything, not just your career,

not just your business. You can have it in leadership and marriage and parenting, health, finances, faith. And when you don't have momentum, I mean, that's why your life looks like a country song, you know. I mean, it's like you are better than you look right then and when you got momentum you're not as good as you look because you look great i mean when you're in the flow when things are working and so momentum is a real thing so we finally put all this down our publishing team said i had to do it and so i sat down and wrote a ramsey quick read which is a whole uh what is this thing, a whole 43 pages long.

So you read it in, what, 20 or 30 minutes or something. It's a pamphlet, literally. I mean, it's a glorified pamphlet. But the momentum theorem is out. We just got them in. And you can get a copy of it at RamseySolutions.com, $10. And, yeah, it's worth $10 for sure. That's not a pamphlet.

That says 43 pages of pamphlet, but, I mean, it's pretty thin, Ken. Look at that. There's not much there. I can't believe I'm arguing with you about the value. It doesn't matter. It's chock full of goodness, 40 pages on momentum. If there's one idea in there, it's worth $10 freaking bucks, okay? But if you think you're getting a deal out of it for the thickness of it,

you're going to be incredibly disappointed because it's pretty thin. This is perfect for 2022. People don't want to read thick books as much as they used to. They still do, but not as much. Don't tell them. This is what the data says. That's perfect. Look at that.

43 pages to change your momentum in any area of your life. Ten bucks. Which parts of your life are stuck and need a big boost of mojo? See? That's good marketing writing. Mojo for ten bucks? Yeah. Oh, hey, there you go.

Cup of mojo. That's what I'm... All right. The Momentum Theorem is out. It's ten bucks. Another Ramsey Quick Read. Enough of that silliness. This is the Ramsey Show.

Josephson Woodland in the Woodlands, Texas. Hey, Joseph, how are you? Hey, Dave. Hey, Ken. How are you guys doing today? Great, man. How can we help? Well, sir, first of all, I want to say thank you.

My wife and I got married eight years ago. We jumped on your plan right away. We paid off $146,000 of student loan debt. We cash flowed three cars, have our emergency fund and 15 grand extra in the bank thanks to you and a real bright future. So thank you very much. Thank you. So my question has to do with Babysit 3B. My wife and I currently rent a house from our family for a discounted rate just because they wanted to be a blessing to us, which we're grateful for. They've expressed to us that in about three years when they retire,

they're going to want to charge a full market value for it. And we're seeing that as a window for us to start saving for a house. I just took a new job. I'm making about $91,000 this year. It's base pay plus commission. So I think in my second year and moving forward, I'll make between $115,000 and $130,000 a year. So my question is, how would you approach investing while saving? Would you postpone investing while stockpiling cash for a down payment for as much as we can for the house? And just what would Dave do? Well, we call it Baby Step 3B. When you finish Baby Step 3 and you have your emergency fund, before you start investing in Baby Step 4, sometimes first-time homebuyers like you will pause temporarily their investing

in order to save up a down payment very, very quickly. And that's an okay thing. It's part of the system that we teach if you choose to do that sometimes people choose to invest 15 and then just save the money anyway for a down payment uh so i wouldn't go much longer than three years but sounds like you don't have that as an option anyway is everybody going to boot you out so that's a good thing yeah uh you know maybe put it on hold for two years and see how big a pile of cash you can come up with for your down payment. And then buy a 15-year fixed rate mortgage where the payment's no more than a fourth of your take-home pay.

And that's a classic Baby Step 3B scenario. This is The Ramsey Show. Ken Coleman Ramsey personality is my co-host today as we answer your questions about your life and your money. Alan and Renu are with us on the line in Denver, Colorado. It says on my screen you guys are debt-free. Congratulations. Thank you. Thank you.

Very cool. How much did you pay off? $122,956 over nine years in our home that was the final payout amount wow that's your house and everything house and everything yes sir way to go and your range of income during that nine years 150 000 a year okay Okay. Very cool. Very cool. All right. Good. Good.

So tell me your story. What happened here? Okay. So we've been saving for our house all along and been paying that down rapidly. But then I got an inheritance from my mom and dad. So in order to honor them, I used a good part of that to pay off our house okay very cool so you've made 150 along the way the whole time yes okay so i gotta ask why did it take uh nine years to pay off 123 000 making the original that was that was the loan balance at the time when i got the inheritance oh i see okay so that's

the last chop of on the tree so what was the loan balance when you started nine years ago 256 000 okay that makes more sense okay so we paid off 256 000 over nine years the final payment resulting from the inheritance yes well i'm sorry for the loss of your mom and dad oh that's okay it was it was their time thank you very much wow very cool so it's uh so what puts you guys on this journey tell me about it i've been following you for 10 years. I've had the opportunity to meet you a couple of times. He absolutely follows you. He does all the cash envelope system, and that's what we have been working on it. And we never have anything.

We never buy anything on debt. Even cars, if we want to buy it, we pay cash. We don't buy anything on that ah fun okay good good well it does sound like he's following me then that's good following what we do absolutely so what do you tell people the key to getting out of debt is you've been doing this a long time to live on less than you make and always make sure you're saving something. Stay out of debt. That's it. That's not our friend.

That's it. Well, very fun. Well, congratulations. Who were your biggest cheerleaders as you were going along? Well, each other and then my co-patriot that I do the classes with. Oh, you've been leading Financial Peace University classes? Yes. Several of them, yes. yes. Well, thank you very much. I bet you're an incredible coordinator. Oh, yeah. So I'm curious, how much has the class and leading those classes,

how much did that spur you on? Because to take the house out, I mean, that's a big deal, and you've done it. I'm just curious how much that accountability and guiding and instructing and encouraging others helped you all get where you are. It made sure that we just stayed focused and kept working on getting our house paid down and not getting into any debt. It's that simple, isn't it? It's that simple. Well done.

Very well done. We've got a copy of Baby Steps Millionaires for you. That is definitely the next chapter in your story. What's this house worth, guys? About $800,000 now. Very good. And how much is in your retirement investments? About $900,000.

So you're worth almost $2 million. Congratulations, Baby Steps Millionaire. Well done. Thank you. Feels good, doesn't it? Yes, it does. Was it worth it? It does feel good.

Yes, it is. Yeah, good, good. Every penny. Well, we've got a copy of Total Money Makeover. I'm sure you can find somebody to give that away with the classes, and we'll also give you another one-year subscription to Ramsey Plus, to Financial Peace University, and every dollar. And I'm sure you can find a nice home for that,

someone that's deserving and needs to go through the class. So you can keep spreading the love out there, man. Thank you for teaching the class, and we're so proud of you guys. Well done. Thank you. Very well done. All right, Alan and Renu in Denver, Colorado, class and we're so proud of you guys well done very well done all right alan and renew in denver colorado making 100 or making 150 for nine years paid off 256 000 down to 123 and then knocked that out final lick with an inheritance worth a couple million dollars baby steps millionaires they've

been doing this stuff for a decade count it down down. Let's hear a debt-free scream. Three, two, one. We're debt-free. Yeah. Way to go, you guys. Woo-hoo-hoo. So proud of you. Excellent work.

Wow, that guy's a whole package. i mean just done it all you know it's it's amazing when you hear these stories of folks that don't just get the baby steps and live it out but then while they're doing it they're instructing and guiding others as one of our fpu coordinators that's always special Very cool. Andy is with us in Orlando. I'm hitting the wrong button every time here. Andy's with us in Orlando. Hey, Andy, what's up? Hi, hello there. I was actually calling to say thank you. I found

the Dave Ramsey Show as a 14-year-old high school freshman who had recently moved to the U.S. from Venezuela, and it forever changed my life. I was a first-generation immigrant. My parents were sterling financially, and I had no clue how to get into college, much less how to afford it.

And I worked my way through it. I found scholarships and worked on breaks. I found my path with the Dave Ramsey Show, and my goal was to go to college step three, and now I'm riding this forever thankful, doing better than I deserve. I recently graduated from Simpson University with a dual degree in people, arts, and business administration. In three years, semi-compares, and most importantly, completely step three. Wow.

Rock star. Good for you. You're on fire, kiddo. i'm proud of you awesome good work good work so how much of your tuition to do debt-free to get a ba and uh to get a business degree and liberal arts degree how much of that was scholarships and how much of it was hard work from you getting a job yeah so well for a year it's about uh 50 000 half of it i got through merge scholarships and then half of it was a work study scholarship program that we do community service with the community, and we work every week, and they pay us for weeks, stuff like that. And then on top of that, also our jobs during breaks and some odd jobs during specific semesters, stuff like that.

But, yes, I would say 50% of it completely merit scholarships, 50% like work-study program scholarship, and work. You're amazing. Yeah. And 100% grit. Yeah. She's got grit. Yeah.

50% scholarships, 50% work, and 100% grit. Right. I like it. Andy, you're amazing. I'm so proud of you. What are you going to do? What kind of business are you going into? Yeah.

So it's to do the Green of business are you going into yeah so um it's uh to do the green beetle arts and business administration so i'm thinking uh looking for a job for now in graphic design um and doing freelancing on the side but yeah just looking for next options right now next opportunity yeah i don't think you're gonna have any trouble at all you are what's known as a go-getter i'm so proud of you very very cool hey thanks for calling in with that story and letting people that know it can be done because it can be done you know it requires a lot of chutzpah a lot a lot of guts to lean in and go do that stuff but here she stands a hundred percent debt free uh with a degree yeah and uh

you know obviously we had a little bit to do with it and we showed her how and made her know it could be done but that's a lot different than somebody who's so lazy that they don't even think about how they're going to pay for school and they just go sign up for student loans and then they whine about the fact they're two hundred,000 in student loan debt like somebody did something to them. Can't teach hunger. She's hungry for a better life. She's hungry for a contribution. Yeah.

And you can hear it. She's what Les Brown calls hungry. Yeah, that's right. Hungry. Yeah, that's good. You spell that a little different. This is The Ramsey Show. We'll see you next time. Thank you. our scripture of the day luke 631 however you wish to be treated by others is how you should treat everyone else angela earhart said everyone talks about building a relationship with your

customer i think you build one with your employees first treat other people like you want to be treated it's pretty much our hr manual around here we don't have much else in it it pretty well solves most things and uh by the way it'll help you with your ethics class too that's correct is this? Is this correct business ethics? Would you want it done to you? Would you want it done to you 10x? Oh, I think you just answered your question. You know? Oh.

You mean you don't like being lied to? Oh, well, there you go. Then try not lying to people. Oh, there's a weird idea. Yeah. Oh, you don't like having stuff stolen from you? Oh, well, then try not stealing stuff. Yeah, it's an interesting thing.

Flip the thing and walk about a mile in somebody else's moccasins. You suddenly got your dadgum ethics straightened out. Treat other people like you want to be treated. Jesus said it, and it works every single time. It's bothersome sometimes, though, because some people don't deserve to be treated as well as I treat myself. Isn't that the truth yes oh i said that out loud i'm gonna get hate mail for that one oh well some of you people need to grow a funny bone open phones at 888-825-5225 ryan is in portland oregon hey Ryan. Welcome to the Ramsey Show.

Hi, Dave. Thanks for having me. Sure. What's up? So I have some friends that moved to Texas. They've been pretty much telling me all about you. And I've been trying to follow your YouTube channel for six months. And they've been telling me I need to sell my cars.

And I don't know if that's the wisest decision. And here's where I'm at. I own both of my cars i just got down to owning both of these but i currently have 17 000 in credit card debt i'm trying to get all down and i'm about ready to have a 60 000 student loan stop stop stop you're about to have a 60 000 how do you just grow one of those when you're trying to get out of debt that's funny she's in school right now, and she's almost done with school, and that's the reason

why I'm going to... Oh, the loan's already there. It's about to come due. Yes. Oh, okay. That makes a lot more sense. Okay. They're telling me I need to sell these cars that I own, which I don't know if it's the smartest decision, because now I own them both, and they're telling me I should sell them and try to find something cheaper.

Yeah. Are you married? I'm just kind of curious i am so she is your wife okay good yes all right and how much are the cars worth each um i'd say my truck's probably between 10 and 13 and my wife's suv is probably between 8 and 10 okay and what's your household income um right now since she's working part-time, it's about $110,000. Okay. What will she be making when she graduates and the student loans come to you? I'm guessing she's going to be around the $75,000 to $100,000 a year. So you're going to have a $200,000 household income, give or take.

And that's coming this summer, right? Yes, in August. Okay. And you've got a $60, dollar student loan and and 17 on credit cards and a couple of cars worth around 20 grand yes i agree with you not your friends i think you ought to keep the cars you think i should keep the cars yes okay but i think you need to bust your butt and pay this debt off in less than one year less than one. I was shooting for two. Why? You're making $200.

Right now you've been living on $110. You're getting right up your income all the way to $200. Why do you have to spend it all? You're not in Congress. No, you're right. My wife's very passionate about we need to find a different place to move. We rent where we are. So rent.

She hates this place. So go rent something different. The prices. Yeah, yeah, yeah. You've place. Well, so go rent something different. The price is just the... Oh, yeah, yeah, yeah, yeah. You got to get out of debt. I know. You need to get out of debt, and you're broke. You have no money.

Okay. Broke people who buy houses become broker. That's why they call them brokers. Does that make sense? Yeah. Please, wait a year. Go rent something else. If you hate the place you're in, go rent something else that you hate even more,

because renting is temporary. And get these credit cards paid off and the student loan paid off, and keep your two cars. Okay. Listen, if you do part of this advice, it don't work. No, I agree with you. This is what I've been following. Since I've been following you do part of this advice, it don't work. No, I agree with you. This is what I've been following. Since I've been following you for the last six months,

I've already paid $10,000 of my debt off, and I know if I wouldn't have talked to my friends in December about this, I would have been in more debt and alone in less. That's before we came upon your insistent wife. Yes. came on that's before we came upon your insistent wife yes we need to follow this we need to do it now and i'm like okay what do we do oh oh she's insistent oh yes okay but except for the part about buying a house while you're still broke right no she just wants to move whether we buy a house or oh good i'm with her i'm with her it's really inexpensive because i've been here oh well you're living in a gross place and she's right you're asking your bride to live in a dump go rent something decent go go rent something

decent you make 200 grand yeah i mean this place you were living in there before y'all got married weren't you yes i knew it it's a dadgum bachelor's pad gross man yeah yeah i've been here for almost 13 years oh it's really gross it's super gross yeah she's exactly i can actually smell it this woman this woman is smart yeah yeah she's smart yeah you need to follow her lead go get you a decent place to rent for a year it doesn't have to be the freaking taj mahal but it's just not gross and uh and then work your butt off and get out of debt. Hey, I like you guys. Y'all are fun.

Thanks for calling in. And hold on, I'm going to put you into Ramsey Plus with Financial Peace University and every dollar. We're going to pay for it for the first year and get you guys in. Go through that class. Go through every detail. And I thought your wife was insisting on buying a house. That's why I was picking on her.

And I misunderstood, so I was wrong. So since I was wrong, I'm going to give you stuff free. So that's why i was picking on her and i misunderstood so i was wrong so since i was wrong i'm going to give you stuff free so it's pretty cool because i'm not wrong that often and if you are you don't admit it so this is a double whammy here it's double double you know yeah this is crazy folks somebody marked this day down in history quickly yeah you know i think it's fun dave is that the friends who are ramsey folks were wrong said they were wrong but they at least were aggressive you know they're like sell your cars yeah these people are gazelle intense right now they're they're like so the rule on selling the cars is if they're less than half your annual income and you can be debt free in under two years

not counting your house and you like your cars you keep your cars that's our rule so the intense dave ramsey people were not following the rule all right because he's you know he's got a hundred thousand getting ready 110 000 getting ready to be almost two hundred thousand dollar income he's only got twenty thousand dollars worth of cars so they're less than half and he's only got 60 plus 17 77 000 in debt and he could be debt free in a year especially with her new income kicking in, and even with a higher rent because he gets out of the gross 13-year-old bachelor pad. Ew! It's just, ew!

It's a freaking science project you have your wife living in. Oh, yeah. It is really fascinating to know the difference. I've got two teen boys and a teen girl, and the living conditions that men will starts early my boys basically live in squalor i'm telling you in their bathroom versus there are some ocd males but most males will just live under a bridge they just don't care it's true i mean just get me a tent and a grungy sleeping bag and i'm good yeah i mean it's just it's and guys you really have to be

reasonable with your with your wife i mean it does make a big difference on me being able to play long ball on this be able to have a long-term mentality and keep playing through and um the moral of the story is guys don't let gazelle intensity make it gross you know there's nothing in your plan that says gross is okay so this guy got to keep his cars but he lost his apartment that's the net of the phone call that's true yeah not bad not bad he came out pretty good in this and ramsey plus and he gets it and he got ramsey plus and he got to keep his wife and she was insistent about the proper things not the improper things i think our work is done here. It was me misunderstanding. I think we can just set that one down.

Good stuff. Good stuff. Orlando, I just got a report in. We're going to be there Thursday night. There is 73 tickets left. Oh, boy. So it is basically a sellout, but you can probably still get a ticket if you jump on there right now, Orlando. Building Wealth is Thursday night.

Don't miss out. RamseySolutions.com slash events. 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. Hey folks, Ken Coleman here. Did you know The Ramsey Show is one of the most popular podcasts in the world? Get your daily dose of advice on life and money. Check out all of our shows from the Ramsey Network

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