The Ramsey Show - App - Should I Move Away From My Stepson for a Better Job? (Hour 3)

Episode Date: October 26, 2020

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave 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. Open phones at 888-825-5225. Anthony O'Neill, Ramsey personality, is my co-host today. Again, the number 888-825-5225. Harper's in Fredericksburg, Virginia.

Hey, Harper, how are you? Doing well. How are you all doing today? Better than I deserve. How can we help? So, just started baby step two uh not too long ago and of course like everyone else before i discovered dave you know you do everything wrong so trying to undo some of the wrongness um i have two cars uh one is actually, um, well, it's a forerunner. So should I sell the forerunner in order to expedite my baby step two efforts?

Are you married? No. Why do you have two cars? Because I don't want to drive the forerunner an hour and a half to work one way every day. What's your other car? It's a, um,kswagen gti yeah sell the four water all right sell it can't drive it anyway you only drive one car at a time you're one person yeah and harper here's why i say that you know because i had two cars and i asked you this yeah i did and i sold it because I was like, I'm single. Why do I have two cars?

You know, and I'm like, that's a waste of money, waste of insurance, waste of gas. So I sold one of them and just recently traded the other one in. I only need one car, so sell it. Yeah, easy enough. And the other thing is, here's the thing. You know, cars are something about them. The price is so big, and they're physically take up a lot of space. Sure do.

And so we have this tendency because of those two things to emotionally feel like they're forever. It's a stupid car. I mean, it's a forerunner. They're everywhere. You can get you another one. If you want to trade out the Volkswagen later, get a forerunner. They're everywhere. You can get you another one. If you want to trade out of the Volkswagen later, get you a forerunner, you can. Absolutely. After you get out of debt and you got a big pile of money and you get something else you want to drive and wear out,

whatever you're driving, you're wearing out with that commute. Yep. But, you know, and after you're out of debt, if you want to buy a car and get rid of it, you know. But it just occurred to me, like I bought a truck a while back that I screwed up on. It had a huge engine and it was like six seven hundred horsepower or something it was a beautiful truck too it was a beast and but it it i had with the raptor before and the thing rode like crap and the raptor rides good it's got that suspension on it and so it's got a good like a car ride almost to it and my wife would get in that thing. And of course it's loud. I'm a redneck truck, right?

And so she's like, yeah, this is great. Big old loud muffler rides like I'm in a dadgum wheelbarrow. There's no shocks or anything. I'm not going to dinner in this. No. And so I, you know, I, but I felt like I was stuck in it or something and I know better. And then I thought one day that's dumb. I just tell the truck.

It's just a truck. Get you another dave you know just sell the truck since i sold the truck got a raptor and that's what i did you know i had the bmw 750 and then i had my acra and i just woke up one day i was like why do i have two cars like why and i'm only driving one i'm like just i still can't drive to it once it's physically impossible yeah so um yeah i that's the thing you can get you another one and car my point of the whole thing is we all do this including me including anthony yes cars take up a lot of emotional space because they're physically large and there's a lot of money and um and we tend to feel like they're forever yeah and it's a forerunner crap you can get seven of them later yeah it's not a big deal um yeah i would sell it good good question though really good question because it brings up a good

discussion eugene is with us in uh edmonton alberta hi eugene how are you hi dave and anthony thanks for taking my call guys yeah what's up um so i've got a quick question um my employer doesn't have a program set up where they will match any sort of retirement contributions into my account. Is that customary in Canada? I don't know. You got it, yeah. It is customary because about 80% of the companies in the States do it. About 20% don't.

So yours is kind of like that then, huh? Correct. don't so yours is kind of like that then huh correct so what i'm trying to determine is if i still make those contributions or if i find an account that's similar to like what you have known as a roth ira instead if canada has that i would do a roth before i would do a non-matching pre-tax yes okay because tax free will outperform a non-matching pre-tax. But if you've got a match and you take up to the match, you have a 100% rate of return on your money before you start. You can afford the taxes. Okay.

Because you're going to net out higher than even tax-free would, net of net of net of taxes. But I don't know the Canadian programs well enough to, you know, instantaneously answer this. But in the States states what we tell folks is rock paper scissors uh is match beats roth beats traditional so the best thing is a match up to the match the next best thing is a roth and the next best thing is a traditional and if you've got similar programs eugene you can you can play into that because anthony when you

got two million dollars in your account and it's taxable or it's not, that's a big deal. Big deal. Huge deal. The taxes on $2 million keep you awake at night. Absolutely. Absolutely. So, you know, and so the Roth in the States is just a mammoth tool. It is a beautiful thing.

Andre is in Detroit, Michigan.igan hey andre how are you hey david anthony thanks for taking my call hey no man thanks for calling me how can we help so i'm on baby steps four five and six i've been out of college for just over a year and back then a lot of professors professors would give me the advice of saying, after college, live like a college student for the next two years or so and just save as much money as you can. And so I'm kind of wondering if it's time for me to let off the gas. Andre, here's my thing. Now, Dave may disagree with me on this one. It's going to be okay. But me and Dave just argue back and forth on this one.

You're in your 20s. You need to stay gazelle intense. I think in your 20s, still go hard. Still, still, still in baby steps four, five, and six. Follow the baby steps as far as in invest as much as you can. Get an extra job if you can. I like in the 20s just to work hard. But still follow the baby steps four, five, and six.

You're shaking your head, Dave. Well, you work hard. Yes, sir. hard work's not a bad thing right i don't disagree with that uh but the um you know what we tell folks is regardless of age is baby steps one through three is gazelle intense that's scorched earth you don't go out to eat you take six extra jobs the kids are up for sale i mean every everything's the dog's up for sale. The cat's on Craigslist. Everything's moving. We're getting out of debt, and we're not going on vacation.

We're broke and in debt. You're not there anymore. Right. Once you get that emergency fund in place and you move on to 456, which is where you are, Andre, we tell you to not gazelle intensity in the first sections, intentionality in the second section. So if you want to work extra and pile up some cash, because Anthony's got some big financial goals personally. I happen to know what they are. And so he's busting it to hit some of those things.

That's cool. That's different than the desperation of getting out of debt. That's an intentionality. So you could turn up the heat the way he's talking about as an act of intentionality, but we don't require the same level of scorched earth gazelle intensity in 4-5-6. Yes. So, hey, good question, man. Great question.

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And that's where you'll make your budget, track your spending, and clearly see where your money is going. You're going to tell it what to do before the month begins. And since November's coming up this weekend, it's an excellent opportunity to start the whole thing with a free trial of Ramsey Plus. Did I say free? I said free trial. So today, you can begin your process where you never again wonder where your money went. To start the free trial, text BEGIN to 33789. That's BEGIN to 33789. Thomas is in Springfield, Missouri.

Hey, Thomas, welcome to the Dave Ramsey Show. Hey, Dave, how are you guys doing? Better than I deserve. How can we help? Okay, I have a question that has a few parts to it, so hopefully I don't get lost as I'm trying to explain it. But my wife and I, we had a baby just recently. And I know in your baby steps, you say to pause money, putting money down on debt.

So that's what we decided to do back in the beginning of the year when we found out. And now we have $13 thousand dollars in our savings great we have um and the baby and mama are okay in their home yes so you're ready to push play on your baby steps then oh yeah okay so we have a um oh it's $10,700 in a personal loan with her father-in-law. Sorry, my father-in-law, her father. And we will be under $9,000 with him after this month. And then after next month, we should be under $8,000. under eight thousand dollars well um we have at that point after we pay off our um our bill with the hospital we should be at around ten thousand dollars in our savings and so the question is

we're under we should be under eight thousand dollars um with our debt with him, but we have $10,000. Why does it take three months to pay off the hospital? Yeah. Sorry, I'm not saying that we're going to take three months to pay the hospital. Okay, so how much do you owe the hospital $3,000 right now? $3,500. Out of pocket. $500. Out of pocket that the insurance is not going to cover.

Yes. And you got to cover. Yes. And you got the bill? Yes. Okay. And you have $13,000 in your account. And you owe your father-in-law $10,000. Yeah. $10,700.

Today. Yeah. Okay. What other debts have you got? That's all we have. Well, we have our house. Okay. And you don't have one thousand dollar

emergency fund beginner other than this right no it's just all in one account okay so what are we going to tell you to do you already know the answer thomas go ahead and say it well we need to pay off the the medical bill first there you go and then and then we go to him but my my question was that like we're going to pay the medical bill off like right now yeah of course good but um we i actually have 500 in a in an hsa and so that'll take me down to 3 000 okay and so then i'll spend 3 000 which will get us down to $3,000. Okay. And so then I'll spend $3,000, which will get us down to $10,000 in our bank account. You've got to hold back $1,000 for baby step one. Yeah. Yeah.

That leaves you $9,000, which leaves you $1,700 short. Yeah. Yeah. And then after next month, we'll be under $8,000. No, no, no. No, no, no. You have $1,700 left. Yeah, right now.

And you're going to pay that off how fast? We have $10,700 left. Son, you have $1,700 left. We've already given father-in-law all the money. Yeah. You have $1,000 in your account. Your medical debt is cleared, and you have a $1,700 debt to your father-in-law.

How fast are you going to pay it? Well, I – You can pay that next month, Thomas. Thomas, you're making this too hard, Thomas. Okay, you're making this too hard. All right, let me help you out because I don't think you're getting what Dave is saying. Let me help you out over here. You got $13,000.

You owe $14,200 altogether. You got got five hundred that's going to take you down so you're going to cut the check to pay the three thousand dollars all right that's going to leave you down to your father they're going to take the other check the rest of it that you have left and pay off the your father which will leave you seventeen hundred dollars because you're going to have a thousand dollars in your emergency fund so what he's saying is today you have $12,000. Take that $12,000 and pay your bills. Now you've got $13,000. Yeah.

Well, he has $12,000. Oh, $12,000 after the emergency fund. So you work your emergency. But that's going to leave you a balance with your father-in-law of $1,700 after you give him a check today. Right. Check. Okay, so the last part of it is that my wife is on maternity leave but we didn't have short-term disabilities so we're both teachers and she's probably going to lose out on her check

for the next month or two to make up for that can you make it so then she i think we'll break we'll break even good do it she's just she's just nervous about it like i'm ready i want what are you nervous about let's do um she's she's nervous about having um under two thousand dollars in savings while we aren't having as high of an income as we um are used to going right back to work yeah that's what i think like our income is going to be secure for at least yeah you guys can work your plan if you want to our plan would tell you to write a check and pay off the medical bills and with what's left hold a thousand dollars out for your baby step one and throw the rest of it at your emergency at your father-in-law and that

leaves 1700 and then pay him off off hopefully in the next couple months as her income comes back up. That's what we would do. I know when she's home with a brand-new baby that that's a heightened security gland issue. She wants to feel secure. But the point is we need to get rid of the debt to her dad, and that'll help us be secure. Yeah. Oh, by the way, note to the grandpa, forgive the freaking debt and let the kids live.

Oh, my gosh. Grandpa, come on. But anyway, shouldn't put your kids in debt in the first place. Yeah. Open phones at 888-825-5225. Mary is with us in Orlando, Florida. Hi, Mary. How are you?

Hey, doing great, Dave. How are y'all? Better than I deserve. What's up? Good. I got a quick question. My daughter is 23, looking to buy her first home. Great.

She can get out and rent an apartment. She saved some money and doesn't have quite enough to put down 20% on the house to avoid the PMI. She asked her dad and I if we would lend it to her. We don't know if that's a smart decision. Thanksgiving dinner tastes different when you eat with your master and the borrower is slave to the lender. Absolutely. So how much money does she need? About $20,000.

How much have you all got? How much money have you got us personally yeah yeah like are you millionaires or what we've got yes millionaires well give her some money i'm yeah no i'm not loaning to her give it to her give it to her yeah thank you dave for saying that okay that's what i would do for some reason i know i don't know if my husband will go for that because he likes to let people earn for what they get. Oh, what a whiner. What's wrong with this kid?

Is this not a good kid? She sounds like a good kid to me. Yeah. She's a great kid. Yeah. Great kid. Tell Mr. Hardbutt to give his daughter some money. Yeah.

That's what old softy Dave would do. And I would do the same thing for her first house. Absolutely. Absolutely. I mean, if she's misbehaving, you don't want to finance her. softy dave would do and i would do the same thing for her first house absolutely absolutely i mean if she's misbehaving you don't want to finance her ne'er-do-well lifestyle or something that's fine but if this is a good kid 23 she's busting it she just buried she missed a little bit on the down payment and you millionaires give her some money why you did this this is the the Dave Ramsey Show. Anthony O'Neill, Ramsey Personality, is my co-host today here on the air.

Open phones at 888-825-5225. Mariah is with us in Harrisburg, Pennsylvania. Hi, Mariah. How are you? Hi, Dave. Hi, Anthony. I am so honored to finally get through to you. It's hard to get through those lines. Yeah, it is. There's a few folks calling, I think.

How can we help? Yeah, just a few. So I have been a follower of yours for about four years now. I was a single mom of three children, and I was working three to four jobs for about three years and got myself almost completely debt-free as a single mom. And I recently got married. God brought an amazing man into my life. However, he never heard your name until I came into his life. And now that we're married, we've sat down, we've looked through the finances, which we did some before, but now it's more real. And he is about $170,000 in debt.

It's mostly student loans, an old BMW loan. He doesn't have that vehicle anymore. Lawyer debt from his previous marriage, equitable distribution payments. And so when I sat down one day, I tried to do the math of like, okay, when we have to make these student loan payments again, come, you know, January, because right now, I'm just trying to get everything organized. I realized there's no way we're going to be able to make minimum payments on everything. And I've never earned more than like $32,000 a year. He's never earned more than maybe like $50,000, maybe $60,000 or $70,000, I'm not sure.

But he's never earned more than that per year. What's his degree? year 70 000 i'm not sure but he's never earned more than that which is degree um he went to become a priest in the catholic church but he actually denounced um the catholic church and walked away from it and so originally the catholic church was going to pay all that back back, but he never became a priest. There's a detail. Okay. Yep. All right. So I was recently offered a job because I lost all four of my jobs at the start of COVID, which I saw as a blessing because I had to homeschool my children, and I was able to use unemployment to get a buy at the start of all of that, and it was before he and I were married. But now I've been really looking and applying for jobs that are going to help. The one I was offered, and like I said, I've never made more than $32,000, is a starting pay of $75,000 as a VP of operations for a startup company. However, it's in Phoenix,

Arizona, and he has a son in this area. So if we took that job, we would have to move away from his three-year-old son. How old again? Three. Three. Three-year-old, yes, which is very hard. I mean, I know people do it, and he's got 35% custody at the moment. So I know there's ways where you can make custody work when you're that far away. I mean, we're in Pennsylvania. That's Arizona. That's time differences. It's not a simple, you know you know flight it's a long way

yeah it is um but with this job i would be getting in a very new startup company it's a christian organization and they said like they've been praying and praying and for some reason god keeps bringing my name in to um whenever they think about their vps and they really want to hire me and they said after 90 days how old are your kids you know there's going to be a pay raise what was that how old are your kids they're eight five and three so they're all so what if you had to move away from your three-year-old because your new husband got a job making $75,000? Oh, gosh. It would break my heart.

Let me help you with this. You wouldn't do it. No. I don't think I could. No, I don't think you could either. I have 100% custody of my three, and even thinking about being away from them for a week or two at a time breaks my heart. Yep, yep.

I just don't know how we can make the minimum. Well, here's the thing. You've assumed the only job that pays $75,000 is in Phoenix, just because they offered that one. So let's find one in your area. I just, I don't have qualifications. I was a stay-at-home mom. Wait a minute, wait a minute, wait a minute.

You landed a job that someone offered you for $75,000. Do it again. Mm-hmm. For the same reasons you got this job, get another one. Just like it. Maybe it's $85,000. You don't have the qualifications for the job you have down there,

except your experience yields the fact that you should be able to pull it off, right? Well, I think it's more because of the people I know there. Like, they know me they know well then they're are they stupid people because are they hiring unqualified people and overpaying them that would make them stupid people no no okay um because i i don't i don't i know a lot of people but i don't hire any unqualified people just because i know them yeah they think you can do the job kiddo you got it. You got your foot in the door because you knew them, but you earned the job with your skills, unless they're stupid people.

And I don't think they could be, but I don't think they're stupid people. I think you're qualified. I don't think you have confidence to match your qualifications is all. So I think we're going to put you in a ken coleman stuff yeah and you're going to find something in your area near that three-year-old i like that dave i like that and mariah talk to your husband tell him but we're not going to move we're going to stay right here well i mean if you do move you move to you know pittsburgh or something but you don't you don't you know you weren't our you know philly or or you go to Lancaster or something like that.

But you don't have to go freaking other side of the United States for a $75,000 job. They're not paying $750,000. They're paying $75,000. And think about that, son. You know, Dave, you know my situation. I have two fathers. And I do wish. And they're on each coast.

Right. One in Carolina, one in L.A. Yeah. And I wish growing up my they're on each coast. Right. One in Carolina, one in LA. Yeah. And I wish growing up, my father was closer to me. And I don't know how my life would have turned out. I don't know. I don't know. But I do remember thinking as a 13, 14-year-old, 10-year-old, 8-year-old, man, I wish my father was closer.

And I know my father wished he was closer. The thing is mariah your husband's gonna get on board because he got a dadgum mess he brought into this called 175 000 and now we're taking up for him being near the three-year-old yeah but you're the only one crunching numbers and trying to earn money here yeah and he needs to get his butt in gear and start crunching numbers and try to earn some money i want his income to go up too from his six jobs you used to work four jobs you You're not afraid of work. So, yeah, hold on.

I'm going to send you a copy of Ken's book, The Proximity Principle, which is how you got the job in Phoenix, and it will also be how you get your new job. And Ken can show you exactly how to do that. Go to KenColeman.com and download all of his free resources. There's a bunch of PDFs there on doing the interview, on the whole process of looking for and getting that dream job. And Ken Coleman is the man on this stuff. And he's got his hand on you getting the next career change, you getting something in your passion, and you making more money.

I'm so thrilled that these people told you that you're worth what you're worth. So you can go make that maybe for the first time in your life. But it's not, they didn't give you the money because they know you. Stop that. They gave you the money because you're good. Yeah. Unless they're stupid people. And I don't think they're stupid.

I don't think so either too, Dave. Yeah. I think she has it. Read the book and Kim will show you how to do it. And you'll land something. I think you can land something close to that city, and both of you will be happy. I couldn't tell you. Pennsylvania's locked down, and Phoenix is much more open with the COVID stuff.

So that may be part of what she's facing right now. And she's looking at those bills piling up. And that's why me and old hubby's going to have to get his button gear here, too. He brought this mess in here. He brought the three-year-old, and he brought the dadgum $175,000 worth of debt, and he's going to have to get his career goals going, too. Because they need me making $100,500, not $80,000. And then they can dig out of this.

This is the Dave Ramsey Show. Our scripture of the day, Galatians 5.13 For you were called to freedom, brothers. Only do not use your freedom as an opportunity for the day, Galatians 5.13, for you were called to freedom, brothers. Only do not use your freedom as an opportunity for the flesh, but through love serve one another. Kyle Chandler said, opportunity does not knock. It presents itself when you beat down the door. That's pretty good. I always loved the old Edison quote. I believe it was.

He said, when opportunity knocks, it generally comes dressed in work clothes. Open phones at 888-825-5225. Anthony O'Neill, Ramsey Personality, is my co-host today. Ted is with us in Toledo. Hi, Ted. How are you? Better than I could possibly earn, brothers. How are you?

Just the same, sir. What's up? My bride and I are getting ourselves educated. We're looking at getting into real estate in the next few years. A lot of things that I've learned has to do with a cash on cash return in order to help make a decision as to whether a property is a good investment or not. And we are working on not getting, but that's all if you're going to take out a loan. And we are planning to save up 100%. No, it's not. We're still cash on cash.

Yeah, how do you? It's just cash. It's a straight roi just how much i mean if you buy a million dollar property and it throws off 80 grand you got an eight percent rate of return it's cash on cash okay now if you buy a hundred thousand dollar property if throws off eight grand same thing okay and is that is that like the main, I guess, number or value to look at to determine if something is worth investing in or not? It's one of the things we look at. Generally, our cash-on-cash on our properties that we buy always works out because we don't buy a property at 100% of value ever for rental investment.

We always buy it at 60%, 70%, 80%. Usually, we're down around 70% of value. And so the point being, let's just make up a number here. Let's say a $200,000 house will rent for $2,000. Fairly standard. You know, it might depend on the area. It might be a little more or a little less. But generally, you can get about 1% a month out of them gross. Okay, let's say it does that.

If it does and you don't pay $200,000 for it, but instead you paid $150,000 for it, well, now you've got a $24,000 income on $150,000, not on $200,000. But the income is based on the fact that the house it rents because it's worth two hundred not houses don't rent based on what you pay for them they rent based on what the value is in the market right yeah yeah so if you could buy it for a dollar it'll still rent for two thousand if you buy it for a hundred and fifty thousand dollars it still rents for two thousand if you pay two hundred thousand for it still rents for two thousand so obviously the cheaper you the better deal you get on the house the better your your cash-on-cash should be.

Does that make sense? It does. So from what I've learned, people are looking at they want to get like a 10% to 15% cash-on-cash return when they're getting a loan out. Yeah, with a loan you might. Yeah, mine are more like 8%. Mine are 8% to 12% on my residentials, somewhere in that range. And then I also, of course, get appreciation.

But keep in mind, I made money the day I bought it because I bought it for $150 and it was worth $200 that day. Right. Okay. And so that return is in there, which is the appreciation part. And so someday when I sell it, I won't, but my kids might or my grandkids might because I don't sell much real estate. I just buy it. But someday that thing's worth $750. I got $150 in it.

You see, that's where the money comes is in the appreciation over time. My cash on cash is decent, and I manage to that. But people that sell cash on cash are trying to sell you on being in debt. That's the sing-song you're getting, Ted, am I right? Yeah, that's not attractive to us. Yeah, it shows the power of leverage, but it does not show the risk that leverage creates. Right. So yeah, you're going to make less cash on cash when you pay 100% down than you would leverage because that's the reason that everybody gets so excited about borrowing money.

But they don't calculate risk into that, and it burns you. So your money on real estate is made at the buy. That's where you make your money. The day you buy it is when you ought to make your money on real estate. And then you're excited about that piece of real estate. I got one house that won't. I mean, it doesn't. The cash on, cash on, it's horrible because it's a super expensive house.

But I bought it at 50 cents on the dollar in 08. So, I mean, it's a perfect buy. In 08, I did. And now that thing's worth a bazillion more dollars than that. But it's still, because it's super high-end, it won't rent for the market value. Yeah, nowhere near the 1%. We're talking about a month there because it's a super, I mean, it's probably worth a couple million dollars. But the, and, you know, $2 million houses aren't exactly rental houses in Nashville.

Yeah. So, but I, you know, I got nothing in the thing. Okay. So I just sit there and let it cash flow. Yeah. The rent that it makes on what I paid for it, the return on that is excellent. Is excellent. But not based on the value in the market.

It is really horrible based on what it's actually worth and what it'll rent for. Hey, Dave, I'm moving again. No, you're not. You move more than anybody I ever met. You're not really moving again, are you? No, I'm not. Oh, you're just messing with me. Now I'm moving to your place.

Oh, you want to move in that place. I've got one guy in it the whole time I've owned it. Oh, man. He's never moved. I don't blame him. He's got a nice place. No, I can't put you in there. You're unstable.

You move all the time. You change houses and cars like people change clothes. That's true, but at least you know how much money i made i think you're gonna afford it so uh when you were a little baby there was uh a big thing out there when they put milk mustaches on people and they had this this um ad campaign called it said got milk question mark yes sir you know the ad campaign. It said, Got Milk? Got Milk. Question mark.

Yes, sir. You know the ad campaign? Yeah, I remember it. Yes, sir. You don't remember it. I do remember it, Dave. You saw it on YouTube or something. No, I remember seeing it on TV.

And now you got a T-shirt on that says, Got Debt? Question mark. Got Debt? Question mark. And the bottom of it says, Absolutely Not. Absolutely Not. I like the T-shirt. Thank you, Dave.

Very nice. Yeah. So it's custom made for you by your friend, huh? Yes, sir. Uh-huh. Leo. Absolutely not. I like the T-shirt. Thank you, Dave. Very nice. Yeah. So it's custom made for you by your friend, huh? Yes, sir. Uh-huh. Leo is his name. I don't have any custom made T-shirts. You're styling.

Well, Dave, you know, it's... Dave. Custom made T-shirts. You know, when I first went on the air, we did a... I was just on the air in Nashville only. They did a billboard campaign with me with a milk mustache and it said got debt and they figured out that the billboards were um would catch your eye more if you're if something stuck out past the square uh-huh so they would do things something to stick out and so they use my head

the the dome of my head sticking up above the billboard as the thing and it didn't look that funny and it's funny talking about it but the worst thing was i got all excited because i was brand new in radio and i never been on a billboard before i never knew anybody's on a billboard so i went that we went down and sharon and i were going to take a picture of me on this billboard and there's birds sitting on my head up around the top of that dome sticking up above that billboard and i got got milk and birds sitting on top of my head so when i saw your t-shirt all those memories came flooding back got debt i had a got debt billboard in 1990 kush goodness gracious day 1995 i was 10 years old yeah i'm thinking i thought when

you was a little baby child. Yep. I remember that. Were you a cute little kid? No, I wasn't. I ain't going to lie to nobody. You were an ugly kid. I had big old ears. Really? Yeah, big old ears.

Still got big ears, but it's all good. That's why we wear these things, man. It's like cover their ears. Exactly. It pushes them in. Pushes them all in. But you know that. No, we need to do that.

And I think I'm going to do some t-shirts that say be the third pig. Be the third pig? Yeah. Wait. The third pig and the little pigs. What do you do?

I have no idea about that. You never heard of the three little pigs? Yeah, I have. Okay. What did the first pig do? I don't know. He was in a straw house.

What did the second pig do? He was in a stick house. Okay. What did the third pig do? He was in the brick house when the big bad wolf came named Pandemic. Yeah, yeah, yeah. And he couldn't get in. Yep.

Pandemic couldn't get in the door because he had an emergency fund and he wasn't in debt. He was in the brick house. Be the third pig. Oh, I just had a... You took me back to elementary school. I'm telling you, man. And back to... Yeah, it was a trip down memory lane there.

There we go. Be the third pig. Got that? Nope. I love it. Thanks for hanging out. Thanks, James Childs. Good show today.

Kelly Daniels, associate producer, associated producer, or whatever she is in there, and phone screener. I'm Dave Ramsey, your host. 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

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