The Ramsey Show - App - Should I Leave My Toxic Job? (Hour 1)

Episode Date: January 20, 2023

Ken Coleman & George Kamel answer your questions and discuss: When you should leave a toxic work environment, "Can I work multiple baby steps at once?" Taking a job you're nervous about, "The great quit": why Gen Z are quitting their jobs", Getting out from an upside down truck. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET 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 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage Studio, this is The Ramsey Show. It's where America hangs out to have a conversation about your life, specifically your money, your work, and your relationships. I'm Ken Coleman, joined by my colleague George Camel with a K. And we are here for you this hour to take your questions. 888-825-5225.

That's 888-825-5225. It's been a great week. We've had some fun highlights on the show. I'm thinking of we took a call from a lady whose boyfriend wanted her to sell her car. That was a wild one, Ken. And buy a truck. Sell his car, sell her car so he could get a truck. Yeah, I like what he's doing there.

That one angered me. And then we talked about grocery prices, how they're going up, and then how you can react to that the right way. Now it's the eggs, Ken. It's always something new every week. Yeah, but you know what? That's got a real benefit, a real health benefit. Silver lining there on the eggs. A lot of cholesterol

for you? Not for me, but just eggs in general aren't the big healthy thing that you think they are. Remember the slogan we were growing up, milk does the body good? Turns out it doesn't. James looks like he wants to say something. My wife saw something funny online this week that said, back when I was growing up, eggs and toilet paper were so abundant

that we used to throw them at our enemies. That's good. That's a great point. I love that. TP the tree, egg the house. Can't afford to do that in today's society. I'll tell you what, you're throwing money away now and you egg your teacher's house.

This was an interesting call we took. A woman whose dad wanted her to get the prenup to protect the family business that was an interesting one yeah and then a really fun segment about the five things you need to know before filing your taxes boy that's just a ball of joy if anyone can make it fun it's me ken we did i think we accomplished it you did so hey you can check all those out yeah check them out the uh week's podcast episodes on your favorite podcasting platform or on YouTube or the Ramsey Network app. So let's get to today. I mean, that's what's happened so far. I just have a feeling today is going to be really good, George. We just don't know. Let's see. Carly starts us off in

Little Rock, Arkansas. Carly, how can we help? I'm good. How are you? Well, I am living the dream and I think George is as well. Great. I am wondering if I should quit my job and look for something new. Okay. And you're leaning towards an answer. Before we ever get into your question, what are you leaning towards? Well, I mean, I've been leaning towards quitting for a couple months. My mom tells me that I shouldn't because I get, like, they pay for my tuition for school. I'm in school full-time. I work full-time. And it's probably one of the better-paying jobs that I could get in my city.

Okay. So now you've explained why mom doesn't want you to quit the job. You just laid out mom's case. What's your reason for wanting to quit? The work environment is not, like, it's very toxic. There's a lot of drama. Explain what is toxic. Give me something specific. I need a couple things.

I still aren't. You broke up on us, Carly. Speak directly into the phone. Our managers are, they're not really managers. Like, they don't care about what goes on in that office. They're never present. Whenever somebody brings up an issue, it's never solved. So when you say they're never present, what kind of workplace is this?

It's a telecommunications company. Okay, and what's happening on the floor or in the workspace? What's happening on the floor or in the workspace? What's happening? So I'm trying to think of how to explain it. So we have, like, employees that think they're above everybody else, and management won't fix that or, like, put a stop to it. Okay. And are these employees doing something that is harming you emotionally, mentally,

or are they doing something that is keeping you from doing your job? Keeping me from doing my job. And how are they doing that? Like I'm having to do other people's work, which I don't mind. Like I love to work, so I don't mind doing that. No, no, no, no, no, no, no, no. You do mind, and so do I, and you should mind. You're putting a really positive spin on it.

But if George comes to me and says, hey, Ken, I need you to write the first half of my book, I'm going to go, George, okay, I don't mind. I'm not going to say that. Say, Ken, you love to work. I'm not going to say that. Say, Ken, you love to work. I'm going to go pound sand. Go write your own book. Come on, Carly.

You do mind it. And let me ask you a question. Who says you have to do their work? Them? Yeah. Well, wait a second. Is your leader, their leader, telling you you have to do their work too? You broke up, Boston.

You broke up. Come on, Carly. Stay with us. No, no. My leader, my boss is not telling me to do it. Okay, so here's my point. I'm not in any way diminishing the fact that you're working in a difficult environment. But I don't want you to just quit the best paying job in the area if that's in fact true

unless we have something better to go to we don't I don't want you leaving something I want you moving towards something there's a big difference we we quit when we are quitting something better out the only the only exception to that is when it's a very dangerous environment and it has to happen today. This is not that. Agreed? Agreed. So I'm okay with you quitting if I'm quitting to something.

I have a clear why, okay? And you don't have a clear why here. It is difficult, And I'm sorry that you've got poor leadership above you, that they are allowing this environment. I call it bad bossery on the Ken Coleman show, and it's just a disaster. And I'm sorry, but you can handle this. And it starts with you putting some boundaries up with your coworkers by just going, no, no, I'm not going to do your job, and I don't care if you talk bad about me behind my back. George? What would happen, Carly, if you set those boundaries

with them? What would the response be? What would the backlash be? Honestly, I have no idea because I've never done that. I'm 19, so I'm like trying to hold on to this job because I have So you think you'd get fired if you said, hey, I'm not going to do your work for you? Well, like I said, but it's crazy. It's so hard to explain how they do things here. Okay, so can you replace your income going somewhere else? Not at the moment because I don't have a degree. How much school do you have left? You said they're paying for school.

I should graduate in December of 2024. Okay, so we've got basically another two years. Right. And you're saying I can't stick with this for two years, which means we've got to go find another job that can pay as well, if not more, because now we have to cover school, right? If they're not going to cover that anymore. And so we've got some homework.

Yeah, I got to tell you, Carly, I am the first person to tell someone to leave if they're in a truly toxic environment. But I tell them the same thing I'm telling you. Go find something that we have to leave to, then we eject. You don't have that. And by the way, there's probably going to be more problems at the new job. And so it's not all going to magically go away at your next employer. All right, Allie, I'm going to sum this up. Excuse me, Carly. Kelly's on hold, but Carly, you're with us. Listen, here's the theme. I'm going to do what I

have to do so that later I can do what I want to do. Do you hear what I'm saying? I'm going to do what I have to do so that later I can do what I want to do. Do you hear what I'm saying? I'm going to do what I have to do, so that later I can do what I want to do. Get your head down. Stop trying to people-please everybody. It doesn't matter if you're 19 or 49. Don't do someone else's job for them. Don't let anybody bully you into doing their work. Tell them to go pound sand.

This is The Ramsey Show. Sand. Found it. welcome back to the Ramsey show I'm Ken Coleman he is George Campbell we are here for you we're talking about your life specifically your money questions how about your work questions well those are tied in together and then what about your work questions? Well, those are tied in together. And then what about your relationship questions? Well, those are also all tied into this show about you winning in those areas of your life. They all affect each other. If your work life is on fire, I can promise you your home life could be on fire

and could be affecting your finances. So George and I are here to take your questions on those topics. The phone number is 888-825-5225, 888-825-5225. Let's go to Tucson, Arizona. Allie is there. Allie, how can we help? Wow, hi. Thanks for taking my call.

Well, it's good to hear you. What's going on? So I just have a question about, in our personal situation, what you guys think about doing baby step 3B, step 4, a little bit scaled back with 10% investing in our 401k, and step 5 all simultaneously. Well, 3B and 4, I don't mind you combining. And it's kind of a choose your own adventure at that point, depending on how much of a rush you are to get into a house. For those of you that are listening, you're going, what the heck are they talking about? Baby step 3B is saving up for a down payment on a house.

Baby step 4, investing 15%. And so some people, they go, all right, in a year or two, we're going to save up this down payment and we're going to pause all investing. Some people say, hey, I'm going to get up to the match with my employer on the investing side, and then the rest is going to go towards the down payment. Some people say we're going to do all 15% and slow down the down payment saving process. So you're saying you want to do 10% investing while saving up for the down payment. Yes. How long will it take you to save up that down payment at that rate? So we're not totally sure.

My husband works for a mine in a small town where the mine essentially owns the town. And so we get mine-subsidized housing. We're only paying about $425 a month. Okay. This isn't a location that we're certain that we want to end up in, but we are here for the foreseeable future.

So what's the down payment goal? Give me a number. We are hoping to have $300,000 saved up in 10 years. Whoa, this is a 10-year journey? Yeah, we're not sure how long we're going to be here in this town, and it's honestly not where we want to end up, but it's where we are for now. Why $300,000? That sounds like a huge down payment. I mean, it's a great goal, but to pause your investing for 10 years is a long time. Is that because you're planning on buying somewhere else where it's much more expensive?

It's because we're not sure where we want to end up and we don't necessarily want to buy a house here. And we'd like to want to buy a house here. And we'd like to try to buy something outright or close to it when the time comes. Right. So that makes sense. Okay. Yeah. If that's the case, I'm going to increase investing to 15% while saving a little bit for college and then whatever else we can throw for the down payment savings, let's do that. Because 10 years of missing out on that 5% investing, that adds up by the time you retire to potentially hundreds of thousands of dollars. And so how old are you guys? I am 28. My husband is 30.

Okay. You've got plenty of time. Since this timeline for this house purchase is so far away, I would just go ahead and begin investing 15% and your income will increase over those 10 years. And so you'll get to that down payment fund or even be able to pay for something in cash and whatever you have in 10 years when you're ready to buy that's how much you can put down and if you need to take on a small small mortgage you'll pay that thing off in no time awesome all right thanks for the call for the call you know she said the mind owned the town it took me back to one of those westerns you know what i mean it had that vibe like there was a tumbleweed kind of going across yeah that's pretty fast i didn't know that still existed if you ever need the mining company owns the entire time yeah don't call george and i are available for all of

your westerns yeah we do our own sound effects by the way and uh we'll travel uh let's go to clarksville tennessee not too far here from Ramsey HQ. Matthew is on the line. Matthew, how can we help? Hey, y'all. It's an honor to talk to you. So I've got a job opportunity. It's in a factory. It's operating a welding robot.

Not too different from what I'm doing right now, although right now I'm a manual welder just fabricating rails. I'm looking for a little bit of guidance. I'm really nervous about taking the job or not. Just need some help there. Sure. Okay, let's talk about what you're nervous about and what I want to do is frame this in the in the form of fear so nerves worry that's a great way of describing fear and fear is I'm afraid or I'm worried that something bad is going to happen that's how I define fear so what are you afraid of what what are you worried about that could be bad in your future if you take this job? I'm worried that I won't like it as much as I like my current job.

And what's that based on? The fact that you're kind of manning a robot versus doing the welding yourself? Yes. I think that's legitimate. Why do you like welding? It's an art. It's so fun to like watch my, my work turn into something bigger than just metal. Absolutely beautiful answer. So have you been on site for the new job and seen how the robot works and what the dude is or the lady that's running the robots doing? Have you seen

this? Not, Not yet. I plan on doing that later today. Attaboy. There's our answer. I'm just going to tell you, it's that simple. Decisions like this, folks, if you're listening and you're going, okay, this is about a guy taking a welding job. No, it isn't. Let me tell you what this is. This is about trusting your heart as it relates to future opportunities professionally that allow you to make more money but experience more meaning. And if he takes this job, let's just say, Matthew, later today, you're going to see this thing. And you got to see yourself doing this. I mean, you're literally watching like a hawk what this person is doing running this robot. And as you're watching that,

you're thinking about what it's like, what your heart feels like, how intensely focused you are when you are doing the welding. And I'm just going to tell you right now, George, his head is going to process that information, and your heart will decide. Your heart will go, oh, my gosh. Standing there all day long, pushing these three buttons, stepping back and watch this giant piece of machinery

that's got no heart, by the way, robots have no heart. And in case anybody was wondering, not sure why I said that with so much authority. I'm just so sick of hearing about all this AI and all these robots. Like we're embracing all this crap. You know what? Work is about a human making a contribution. So that's a little. Matthew, part of this excites you, I imagine.

Oh. Does this come with more money? More, part of this excites you, I imagine. Oh. Does this come with more money? More pay, of course, and more benefits? Yes. And is this the future of welding? More pay, more benefits. It could be, although welding, they'll always need manual welders as well. Yeah, there's no lid on you.

So before I got on the rabbit trail, Matthew, you just pay attention. And if you think your soul would slowly seep out of your body doing that, then I'd probably not take it. All right. One quick thing with that. So that's robotic welding, obviously. But it's a night shift. And I was thinking if I did that, because it's 2 to 10 p.m. during the night, and then ask my current employer if I could work part-time a few days out of the week and still be manual welding, if that's a good option, if I can do that.

I like that, because now we've got more money, but you're still engaging in the art form, and you still get something to look forward to. And I would also say that I'd still, I'd still, yes, I'm fine with that, but I'd still want to know that you've got an opportunity to move up beyond robotic welding. So is it a ladder? Is it a step on the ladder? Yes. Yes. That would allow you to step into work that you really love? That's more manual? Yes. Well, that, that feels like that changes my advice. The circumstances change, so I'm going to change my advice. If it is a temporary short-term and I can still keep my heart alive and still do some of the manual welding on the side for other people or for my current employer as a part-time, yeah, I would do that.

Now that's a win-win. What's the pay difference? It's $2.50 an hour more. $2.50 more. Yep. That adds up. It does, and I like the second scenario. But just to straight leave this job for that job, no, I wouldn't do that.

But I like the second scenario. Go do that. Sharp young man. Love that. Love a welder. Robotic welding. What is that? I've got to go YouTube some videos after this.

Yeah. Never even heard of such a thing. Hey, don't move. More of your questions coming right up. This is The Ramsey Show. ស្រូវានប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្រាប់ពីប្ This is where we talk about your life, specifically your money, your work, and your relationships. It's The Ramsey Show. I'm Ken Coleman, joined by George Camel. We're here for you this hour. The phone number to jump in,

888-825-5225. 888-825-5225. Gen Z and millennials are leading the big quit in 2023. So there was the great resignation. Now there's the big quit. Who's coming up with these? It's headline writers. It's people on social media.

I mean, come on. Do I get to come up with one at this point i feel like it's my turn you know what why not join the party every day is now a thing it's a day national chip day national best friend day national small dog day it never ends it's just not it's too much i went on my instagram account today at ken coleman and i just looked at the camera and said, look, if I hear quiet quitting one more time, I'm going to go headbutt an 18-wheeler. It's all you hear. I can't do it anymore. It was like during COVID. It was unprecedented.

Oh, yeah. Remember, you got to pivot. Yeah. All right. Boy, you really do pay attention to everything Dave says. Thank you. Yeah. Yeah, those are Dave's lines.

You stole those. There's no stealing here. We're all family. It's like the Olive Garden, Ken. All right. So now, why are we's lines. You stole those. There's no stealing here. We're all family. It's like the Olive Garden, Ken. All right, so now why are we talking about this headline? This is a CNBC article that I'm pulling from because this affects you all. Some of you are in this mindset. More than half of U.S. workers, the number is actually 61%,

are considering leaving their jobs in 2023. This is from a new LinkedIn study. Now, it was interesting, George, that the higher percentage or the highest percentage of Gen Z workers are planning to call it quits. So of all of the generations, Gen Z, Millennials, Gen X, and Boomers, it was Gen Z planning to call it quits. Now, the millennials get beat up a lot, your generation, about switching jobs on a regular basis. Many millennials, this data is probably about eight years old, but at that time, millennials were thinking, I'm going to stay about a year on the job and then move on. But this is what's interesting. Gen Zers, according to Karen Kimbrough, the chief economist at LinkedIn, they're more passionate about finding a job that aligns with their personal values,

and they're confident that switching jobs will help them get there. So the main reasons that Gen Zers and millennials are considering switching jobs hasn't changed with higher comp, improved work-life balance, opportunities for career growth, and flexible work arrangements all ranking as top priorities. So again, nothing new here. You could say the same about millennials. What is different is that there is a sizable shift from the older Gen Xers and the Boomers to the millennials and the Gen Zers. And it is, you know what? I want to do something that I connect to. It's very personal. And I like that because that's helping people get in line with what I'm trying to teach is that there is purpose in work beyond a paycheck. And this younger generation does long for a connection in their work. And I think that is a good thing, except that if you make it all

about, well, I'm only going to work for a company that is very open about their political views aligning with mine, that can get to a point where you never, it's like trying to find a perfect church. Good luck. That church shopping can be brutal here in Nashville. Yeah, thoughts on that. You are a millennial. Well, I think there's been a cultural shift. You see, my parents' generation, my grandparents' generation, it was survival. It was get an education so you can get a good, stable job, so you can get a pension. And things have shifted. We are now in a society that wants to thrive. And so they're going, I actually want to enjoy the work I do because I saw my parents go to work for that paycheck and they hated that job. And so they're going, oh, we don't have to do that. And so I like this mentality of let me go find that

thing. What I don't like is the anti-work group who are saying, I don't think we should have to work at all as a society. This is terrible. I love it when they go, this ain't it. Let me go figure out what is. Now, the only risk here, and this is why we highlight this. So if you're a Gen Z-er, a parent of a Gen Z-er, understand these people are just looking up. They're paying attention to the environment. And since the middle, or let's call it third quarter of 2020, when this thing called the Great Resignation happened, if you don't know what that is, don't worry about it. But we've had four plus million people each month for 18 consecutive months. This is the latest job numbers out of November of 2022. Folks, that is a staggering amount of people that are quitting their jobs.

So for those of you that are as old as me or older, you understand what musical chairs was. Fun game that George has no idea what it is. So that's what the job market looks like. And these young people are looking up and they're going, hey, I see my friend move over here and they got an 8% bump or a 12% bump or whatever. And so now it's just like, okay, now we're just going until the music stops. The question is, when does the music stop? And with a recession looming this year, how bad it is, I don't know. I tend to be less alarmist. I don't think it's going to be big and bad, but we'll see.

And so the point here is, is that our money principles, what we teach here is that, hey, you know what? Sometimes it's okay to stay because moving for a bigger paycheck may come back to bite you if it's an awful environment, or you're actually not qualified to do the job, or they lied to you. And now all of a sudden, you're in a situation where, uh-oh, I may have to make another move, and I'm putting my financial stability at risk. There's no reason for that. And so that's why budgeting and the baby steps can get you some more patience.

Oh, yeah, having a financial foundation. It helps you slow down and make better decisions. Yeah. All right, now let's go into another thing that's very distressing for this young generation. America needs carpenters and plumbers and more people in the trades. And employers are having a hard time. They got the need, but they're having a hard time finding them.

Why? Well, the application rate for young people seeking technical jobs like plumbing, building, electrical work, George, has dropped by 49% in 2022 compared to 2020. That's only two years. That's a massive drop. Now, I'm going to tell you some of you are going, Ken, why in the world are you talking about plumbers and electricians? Because you want to know what makes a healthy economy? A strong housing industry. You can't have a strong housing industry if you don't have carpenters, plumbers, and electricians. If you all are going to sleep on this and you think, oh, it doesn't matter, you're wrong. Now, these positions continue to grow.

The need is there, but students applying for them is dropping. Here is a statement from a spokesperson at the U.S. Chamber of Commerce. For a long time, our society has not talked favorably about the skilled trades. They're right. We've instead encouraged students to go to college. All of them go to four-year institutions, graduate, and go into white-collar jobs. Now, let me just throw something out here, George, that's going to feel a little negative, but sometimes I just have to tell the truth, the whole truth and nothing but the truth. So help me God. Remote work and hybrid work is the biggest threat to white collar jobs that we've ever seen.

Do you know why? Thank you for asking. Because it's not long before companies are starting to go, wait a second, you want to make 120 or 150 to sit at home and work or work a couple days a week in the office, and I can hire somebody in India for 60 to do it. I'm going to let that sit for a second. If you think I'm this soothsayer of negativity, I'm not. I'm telling you, companies are doing studies on this now, and it is going to be a wake-up call. And it might be six months around the corner if we hit a serious recession. Companies start going, I'm going to offshore your job. Now, I'm not anti-remote work. Some people, I make comments like, oh, you're, no, no, I'm not. I'm just telling you, it is a risk.

Well, is there a higher chance of being laid off if you're a remote worker? Are we seeing that in the data? Yes, absolutely. Out of sight, out of mind. They're going to lay you off, especially if they're trying to pressure you to come back in. Again, I don't want to get off track here, but I'm just pointing out that the trades, folks, we've got this marketing message that's been shoved down our throats that the only way to be successful is to get a college degree, and yet we're seeing the data that degrees are becoming less and less relevant. At Building Wealth, I told you it's my 2023 trend of the year. And big-time companies are

removing the requirement for a degree. And yet we've got trades jobs where a kid can go to a trade school right out of high school for next to nothing and come out making 50, 60 grand, do that for two or three years, keep moving up financially, George, and then start their own business and create jobs.

It's half of the time at a tenth of the cost, and you're making more on the other end. Yes. In other words, it's capitalism. So you know what the real issue is, you parents out there? For your kid who doesn't want to darken the door of a college because that's not how they're wired, why don't you get over yourself and realize that it's about their success, not your status. Ooh. Get over it.

That'll preach. A plumber's the most important person in the world for me when my drain is clogged. It ain't your fancy degree or your white collar and your double-breasted suit. Let's bring those back, Ken. Double-breasted suits? Yeah, I think it's time. I might. Maybe the question of the day will be brought to you by that.

We'll see. We'll talk about it. Hey, the rant's over. Your question's coming up next. Don't move. This is The Ramsey Show. helping you win in your life win with your money win in your work at your workplace winning your work at your workplace, winning your relationships so that you are on purpose being the best that you can be and making a difference in this world. We need you. The phone number is 888-825-5225. This is The Ramsey Show. I'm Ken Coleman, joined by George

Campbell. Again, the number to jump in, 888-825-5225. A lot of you are planning to move sometime soon. George, you just moved. Yeah, recently. The overall trauma? I'm kind of done with moving for a while. Once you move, you go, let's not do that again for a while. Yeah, yeah. But in most places around the country, you're going to be facing some sky-high home prices

and interest rates aren't exactly returning to record lows. But that doesn't make owning a home impossible. If you want to buy or sell, you've got to make sure you're financially ready and you've got to have a trusted and experienced real estate agent to walk you through it. Not your family friend, and I'm thinking Uncle Larry right now, who just got their license and, well, he's an expert. Well, no, he's not. You need a pro. You can find that high caliber pro, that Ramsey trusted agent, through our endorsed local providers program. And we vet these folks from all around the country so that you know you're

going to have the best support when you're moving wherever you are going. Go to ramseysolutions.com slash agent. That's ramseysolutions.com slash agent to find a Ramsey trusted real estate agent today. And yeah, George, I know what you want. I tell you what, I've had one bad agent and then the rest of them were really good and there's a difference. Huge. And they're also kind of marketing pros. They know exactly how to market this thing so you can get top dollar. That is correct. So there you go. All right, back to the phones we go. Minneapolis, Minnesota. Thomas is there. Thomas, how can we help? Tim, George, how are you guys? Well, we're having a blast. How are you holding up out there?

Good, man. Good. So I got an interesting one for you guys. So about almost a year ago now, I bought a 22 Toyota Tundra and I paid way too much for it. How much? it how much so i'm trying to well about 83 it's a it's a i know it gets worse because it's limited it's a limited so it was about i didn't know too much at the time i just liked the truck and i wanted to get it and i rolled over negative equity from two previous vehicles um so it was the sticker on it was 57 and i didn't know that because i didn't. I know, I know, I know. And so I owe 73 left on it now. And about five of that is in warranty.

So it's about 68 is what I owe. And then the best offer I've got is from a local dealership. They said they'd give me 53 for it. Well, to make it worse, I put a lot of miles on it. I got about 36,000 and counting. So I don't have enough cash. Hold on. But they'll still give you the 53 for it with the current mileage. Isn't that incredible?

I know. That's kind of the lead up to where I'm going. Because Kelly Blue Book was somewhere between like 46 and 48. I told them the whole story. I think they took pity on me. I don't know, but I think they're helping me out. So I don't have enough cash to cover the negative equity, and I've tried to get a personal loan,

and they're saying they don't want to do it because we did just buy a house, too. Who's they? More interesting. A couple of the personal loan people online, maybe credit cards. I think they think my debt to income might be pretty bad. I'm guessing. What other debt do you have? So we just bought a house in January and I have about 12,900 in credit cards.

And then I have about 45 in student loans. It's a private loan. So I don't think the credit bureaus know about it, so I don't know if that would affect getting a personal loan or not. And then my wife has about 15 student loans, and I think that about sums it up, and maybe some little medical bills here and there. And what's your household income? So it's probably like $180,000 last year. It should be more this year. Okay, that is good news. So you need to save up $15,000 to cover the difference, and then we still need a different vehicle for you, correct? You have two cars right now? Right, right. No, no, no. We have one car, and I drive, now that we moved up to Minneapolis, I drive about 50 to 60,000 miles a year for work, which is why I'm trying to get out of this ASAP while I have the deal

from that dealership, like that offer. And then I have about 7,000 cash. I should be getting a pretty good size paycheck coming up here next, but I still need a car. And so the question is, my dad is willing to co-sign on like one of those 0% for 20, 21 month credit cards to pay off the difference. And then I would just pay that down as soon as possible. So the question is, should I do that or should I- You're giving me heartburn right now, just thinking about this situation, Thomas. Goodness, we need to get Ken some Tums. Yeah. Oh yeah. Yeah. I've already eaten two Tums off the mic as soon as you told me the price.

Can he not get a local bank to give him the difference? Have you tried going to a credit union? Not one of these online situations. I called a local credit union. They said that the most that they would do for something like this is probably $5,000. Okay, so let's say you could get 5K. You're still down 10K. How quickly, making 180 plus... It's 15. It's 15 because I get five back, but after I pay it first. Does that make sense? So there's a $5,000 warranty on the truck that gets refunded once I either cancel it, but I don't want to cancel it until I pay off. Okay. So let's say you use six from your bank that you have right now and will use the new five that you get refunded towards a vehicle. So if I use the six in the bank.

Plus you get five from the, you said the credit union will give you five. That gives you 11. Now we're just down four grand. So then we're going to hustle to get these next paychecks. You have another five? Well, it's $20,000 that I have to write a check for, and then they're going to mail me a check for $5,000 back in a month for the warranty. It takes a month to get it back to you. If I cancel it right now, then it just kind of makes it tougher, I think, because I still have to write

the whole 20. So the magic number we need is $9,000. Between the loan from the credit union and the six you have in the bank, let's keep $1,000 in there for emergencies. That puts you at a deficit of $9,000. How quickly can you stack up $9,000? Probably pretty quick. I might get it on the next check. You have to because you've got to take this deal. I'm going to beg that dealer to say,

hey, I'm going to get this money to you, but I need a month to get out from under this thing. Can you, and have him sign something, give a deadline for it to where he knows you're good for it. Yeah, because here's my question. Forgive my, forgive, but sometimes the most ignorant question is the right question. So I'm going to volunteer. Thank you, Ken. George, here's what I'm wondering on his behalf.

He's going to sell the truck to a different dealer than he bought it from. Is that correct? Correct. The one I bought it from said I'd come out smelling like a rose if they gave me that for it. Right. But my point is that if you go to this dealer today and he buys it from you for $53, you owe $15. You owe that to the other dealer. So they're not asking for that right away, are they?

Toyota Financial. Yeah, but do you have to pay that off immediately because you still owe it right so oh well i don't know if they'll give me 53 if i don't give them the title yeah you're gonna have to have a clean title and to do that there can't be a loan there's there's where my ignorance comes in i knew it was in there somewhere but i just had to ask no no credit card no zero percent no co-signing like you're this is the same deal when you rolled in two negative equities like we're just making the problem worse right but then if i but i also have to drive i need a vehicle also so i was thinking if i use my cash to buy like a five thousand dollar car i have to drive

for work like i drive people's houses all day. And there's no company vehicle. I could rent a car. No. Yeah, you might need to rent a car. You can look into Turo as well. And, you know, you're paying $40 a day to rent someone's car. That's what I would do.

And some of them, you're going to have to look into unlimited mileage with those. Otherwise, you're going to get dinged pretty hard driving over the limits. So you're going to have to get creative for a little while, man. But, dude, you make $200,000. We don't have to play these games anymore. And so I'm saving up $9,000 as quickly as I can. I'm working overtime. I'm delivering pizzas, whatever you've got to do in the next 30 days.

I'm working 14-hour days right now. Yeah, but what do you got in the house? You got any expensive toys? No. You got an exercise bike? You got literally anything you can sell today on Facebook Marketplace. Golf clubs. Are they nice golf clubs?

Oh, they're great, man. They're the best. And they're gone today. You're okay. Oh, man. You're doing it. No. Come on.

You're killing me. It's January in Minnesota. Where are you golfing, buddy? You guys can't play golf for six more months in that state. Okay. We're cutting up the cards. We're saying no more to negative equity. We're you golfing, buddy? You guys can't play golf for six more months in that state. Okay, we're cutting up the cards. We're saying no more to negative equity. We're done with this, Thomas. We're doing whatever it takes to get out from under this thing.

We believe in you, buddy. You know what to do. Wow. Where there's a will, there's a way, George. Ken, you in the market for some golf clubs? I tell you what, I was going to get them for you. I was going to upgrade your little tinker set. My mini golf set. Yeah, that thing's a joke. Hey, good hour, George Camel.

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