The Ramsey Show - App - Should I Raise Tuition at My School To Be Able To Pay Teachers More? (Hour 2)

Episode Date: August 23, 2021

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Live Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host, Ken Coleman, Ramsey personality, number one bestselling author, is my co-host today as we talk to you about your career, your life, your money, whatever it is you want to talk about.

We're here for you. The phone number, 888-825-5225. That's 888-825-5225 that's 888-825-5225 john is with us to start off this hour in tulsa oklahoma hi john welcome to the ramsey show hey dave thanks for having me sure what's up good to talk to you today um we i'm in a bit of a mess. I moved from Texas in January of 2021 this year, and this is the first time we've moved out away from everyone. It's the first time we had left the city that we've spent our whole lives in. And so we took a big leap of faith and got out here to Tulsa.

And we've just really, really kind of gotten ourselves in a bind. I was listening to you hard and heavy for about three months straight before we moved. And we had big plans to sit down and talk through some things and figure some stuff out. And we didn't. And I made a lot of dumb decisions since then. And we're in all kinds of debt. We've got from credit cards to loans to student loans, car payments. And we're just in over our heads. So deep that we're trying to figure out what to do. So if you were completely free, would you move back home? I don't think so.

Okay. okay so what is the was just the stress of being away from what was uh familiar you think that added to the bad decisions is that why you're telling us about that part of it yes definitely i do believe so there was there's a lot of uh with my wife and i we we we let we we pastored for several years, for five years. So we were out of ministry for one year, and we fully believe God spoke to us to move to Tulsa. So did you take another pastorate there? No, I did not. I'm also a plumber i've i've i've got a master license in texas i have a business there still that generates a little bit of money um and i've worked for a plumbing company here in this area um my wife is not working right now

but she's she's about to go back to work and so that's going to help us a lot i know okay what do you make now probably about i make about 78 with with one the one company probably close to 100 combined and what does she what will she make um we'll probably be in the 100 i would say 100 to 120 range together combined all right i'm going to call it 120 because you told me 100 before you said she went back to work. All right. So now how much is your house payment? It's $1,450 a month. Okay.

And what do you owe on the cars each? Now, okay, $42 42 000 on one and i took out a loan a person a couple of personal loans and one of them is tied to my truck now and so that one that's all is about 12 000 okay and you already had student loans before you moved yes and how much are the the student the student loans they equal about 60 000 did you say each uh they're about they total about total about 60 okay so 42 12 and 60 what are the debts um oh credit cards more loans. Credit cards are probably about $8,000. Somewhere in there, maybe a little less. Loans are around $20,000.

Just personal loans? Yes. Okay. So how much of this did you do since you moved? The student loans and one car were previous the big car that was all previous about half of the credit cards were previous the new loans and credit card debt is since we moved okay so how can i best help you we're i just i don't even know we're we're just such at such a loss right now and and there was

a lot of bad decisions, like I said, that combined us together making dumb things, and we finally got back to church. I'm wondering if there's like a group here in Tulsa that we can find that is a Ramsey group. Is there a way to find that? Sure. We'll just put you into Ramsey Plus and, you know, Financial Peace University,

and there's a lot of churches teaching that live, and you can plug into that. I'll pay for that and help you get started. Okay, your language covers the words you're using, and the way you're using them covers a lot of other mistakes that aren't financial, it sounds like. Yeah, there has been. Okay. There's been some different. Okay.

Let's just leave that there. Because the weight of this in your voice doesn't really match your numbers. That's why I was asking. So what if I said, okay, we're going to get really together. You and your wife are going to work tight together. You're going to be on beans and rice, rice and beans. you're not going to see the inside of a restaurant unless you work there and you're not going on vacation and you're selling her stupid but forty two thousand dollar car what if i said that that that's we're we're on board we're we're ready we we're both ready

but we've just been talking about it and we're ready to do it now yeah you gotta start doing some stuff that's gonna hurt yeah there's some pain involved in living like no one else so that later you can live and give like no one else and then and we're ready yeah we just need some help to get started i believe and okay you're gonna sell a bunch of crap and you're gonna cut your lifestyle to nothing. Yeah, you've been eating candy so much you've got a stomach ache, so it amounts to. Yes. Like I take one of my grandkids to the ice cream store and let them just completely founder themselves, and then they're on a sugar high and their belly hurts, right?

Yes. And you know what, John, I'm just going to say this. I'm not going to make you respond to it. But I think it's time for you and your wife to forgive yourselves. There's some shame. There's some pain that's driving some of these decisions. At some point, you're going to have to say, God still loves us. We still have a lot of value to ourselves, to our family, to our friends, and to him.

You need to forgive yourself and move forward today. Yeah, plumbers are as valuable to the kingdom of God as preachers are. Yeah. And you don't have to be a preacher for God to love you. Yeah. As a matter of fact, I'm pretty sure God might love some plumbers more than some preachers. I can attest to that, Dave, from personal experience. I'll just leave it at that

i'm kidding not really hang on buddy uh kelly i'll pick up we'll get you signed up for financial peace you jump in there and go change your life you're ready you are definitely ready i hope she is it's gonna be a rough ride for the next 14 months. This is the Ramsey Show. Folks, listen up. I know some of y'all are putting off getting life insurance because rates went up, restrictions were added due to COVID, but it doesn't change your responsibility to take care of your family. Lucky for you, insurance companies are lowering their rates again,

and there are more options than ever to let you skip the medical exam. Yes, it's actually easier than it was before all this mess, so now is the time to get it done. If you don't have term life insurance or not enough, you need to take the step, take care of this, and let the team at Zander Insurance help. I've used and recommended Zander for over 20 years because they shop the top term life companies to find you the best rates, and they keep coming up with new ways to make the whole process faster and simpler. Apply online or over the phone, sign with electronic or voice signature, signature no exams it just doesn't get any easier go to zander.com or call 800-356-4282 it really is time to get this done Ken Coleman Ramsey personality is my co-host today.

Open phones at 888-825-5225. Danielle is with us. Danielle is in Germantown, Maryland. Hi, Danielle. How are you? Hi, Mr. Ramsey. I'm doing well. How are you today?

Better than I deserve. What's up? And hi, Mr. Coleman. I want to say, first of all, it's a pleasure to talk to you guys. And I want to also say a huge thank you to you, Mr. Ramsey, because of you and your principles, not only have my husband and I been able to pay off debt and, you know, with a lot of hard work and a literal prayer miracle, we were able to pay off our debt and be debt-free six months early. Yay! Thanks. And that's also freed me to pursue, you know, this God-given call that I have to open a Christian school right outside of our nation's capital. So I'm really excited about

all of that. Cool. Wow. Which leads me to my question slash problem. Last week I was listening and you told a young lady that you really want to rewrite this narrative that in order to do righteous work, you have to be broke. And I completely agree. I feel like you shouldn't have to be. But the problem that I see, particularly for private schools and especially Christian schools, is that there's a revenue problem. Most Christian schools, most private schools rely almost 100% on tuition. And that poses a problem because you can't pay teachers what they deserve to be paid. Ken, I think you said the national average is about $60,000,

and I know in many schools, teachers in private schools, especially Christian schools, are getting paid less than that. And in order to pay them more, you typically have to hike up tuition, but then that's breaking the backs of the people that you truly want to serve. And so I just wanted to know, what are your thoughts on how we can fix this problem and rewrite this narrative, because I 100% agree with you. I just can't know what are your thoughts on how we can fix this problem and rewrite this narrative because I 100% agree with you. I just can't think of a solution. How old is the school and how many students do you have?

So it is, I'm actually in an interesting situation. I am just joining the school. The school has been running for 21 years. It's a niche school for students with learning differences from 6th grade through 12th grade, and the hope is to grow that ultimately from preschool to 12th grade in the coming years. Okay. And what's the cost of tuition right now for 6th through 12th? Approximately $20,000 a year. Yeah. So if you were going to pay teachers more, have you run a model out as to how that would affect your tuition?

So I have not, honestly. This miracle kind of just happened where I'm just now starting with this job. But I will say that from what I know of our finances right now, most of that goes towards teacher salaries. And the reason that the tuition is what it is is that to cover those things, but we tend to not, when you include Jesus in a lot of things, you don't really qualify for a lot of the grants or other things that you've done. But I have not run that model. Okay, so first thing, I think you've got to run the model, okay, because you've got to really see, all right,

if we were to raise the salaries of our teachers by X amount of dollars, you just run the numbers. And then you've got to play that out. You've got to know what you're dealing with first. The second thing I would recommend is that I think – and by the way, I'm very, very drawn to your mission. I have a child that requires some special education services, and I love what you're doing. And these families almost come to this school almost as a last resort. It's a real oasis, I'm guessing. Yeah. Yeah. So a couple things you got going on there. Because of the demand of that, I think you've got to look at separate fundraising.

I think you've got to really come up with a model where we're going to offset tuition by we're going to get really serious about raising money. And you're going to get tuition by we're going to get really serious about raising money. And you're going to get to some high net worth individuals. That's going to take some time. But I think that's got to be a strategy long term. And then I would also tell you that part of this is opening up more space if you can do that. When you get more kids, then it kind of scales out. So there's really no silver bullet answer, but I think that if you can make the case over time and you're winning for these families and it doesn't get too ridiculous,

I think with those three strategies you can get those salaries up into at least the average in your area. How many teachers do you have? We have about six teachers. Some of them are part-time, some are full-time. Six teachers? Yes. And how many students? And even for me, I'm the vice president.

Right now we have like 22 kids. I thought it was much larger than that. No, we're at 22, pretty small. Okay, and so if you raise the six teachers $10,000, that would be $60,000 divided by 22 would be $3,000 apiece. That's the model he's talking about. Okay. And then you say, oh, wait, we're going to raise it $5,000 because we have some kids we want a scholarship. Right.

And there are a few that are on a financial assistance there'll be a few more because you're bumping it from 20 to 25 yeah yeah and you know and you're going to raise your but that's an example of how you'd model the math out um of how to play into it and decide uh from there um you probably and again the type of care and what you're plugged into, I don't know. I'm not an expert on that world. Just from a business viewpoint, though, having run stuff with six people or 60 people, having run stuff with now 1,000 people on our team, you will get some economies of scale that will help your situation as well

if, for instance, you could double your enrollment and double your teaching staff. Now, you're not going to do that in 20 minutes, but over time, if you had 50 students instead of 25, things are going to work a lot easier because right now every single check that is written by a student for tuition, by a parent for tuition, is a backbreaker if it doesn't come in. Because you're spread across so few people. And so your risk, your volatility is much higher on a percentage basis.

Everyone is living more by a thread rather than there's no wiggle room, which as you get a little bit more scale, you've got a little bit more margin, a little bit more slosh that you can do and still be responsible with your salaries and with your other. But I think a combination between some students are going to get served by the higher tuition with scholarships because we now have room to do that. And some are going to get served by lowering the net cost of the tuition by fundraising, like Ken's saying, but all the while keeping the fact that this mission is vital and really matters.

And I think that's the whole thing you aim at is to go those directions. There's a lot going on here, but it truly is more difficult to run a 22-person thing than a 50-person thing. Yeah, yeah. And again, I think if you can get some quality businesses who understand the vision and the mission of the organization and they help with that scholarship fund you can get that thing going you know and and and really begin to create almost a miniature endowment too i mean we've not a whole lot of effort here and here's what's interesting it doesn't take but one or two of those that's exactly right deep pockets and a person like her

she's just hard to say no to she's just the person for the job i agree she just she just oozes this stuff it's perfect i mean danielle you're you're amazing i'm proud of you yeah you get after it kiddo get after it hey let me ask you a quick follow-up on that dave because i don't know the answer to this if if she were to go raise let's just say a hundred or two hundred thousand what would that what fun could they put that in to be able to let that to start to earn just like it would for an individual to where maybe that self-funds three or four kids every year? You can sit down. Some of our smart investor pros does endowment funding.

And what you want to do is just go on the conservative side, but not so conservative. It's earning no money. But, you know, I'll give you an example. If you had a quarter of a million dollars laying there at 10%, that's $25,000. Yeah. Every year. Yeah $25,000. Yeah. Every year. Yeah. Forever.

Yeah, exactly. So every $250,000 you raise and put into an endowment fund sends a kid free forever. Yeah. As an example. Right. That's what endowment means. That's how an endowment works at these colleges. And some of these universities that are sending all the kids home because they're not vaccinated

or sending them home because of COVID or sending them home have a billion dollars sitting in an endowment fund. Oh, we're getting ready to see some up people there, baby. Yeah. Higher education. You are up a creek. You got some problems coming your way. The way some of y'all are acting. It's getting ready to be a mess.

Getting ready to be a mess. I was a little bit bit i thought it was going to be a little while longer but it looks like covid is going to hasten it wow this is the ramsey show If you're struggling with money, it's easy to tell yourself that you'll deal with it later or that you'll start fresh at the new year. But then later rolls around and you're still stressed. You're still out of control. Don't wait. You need to start right now. Decide right now that this is the last month you will ever worry about money.

If you make that decision, we want to help. And that's why for this month only, just for a little while longer here in August, we're knocking $30 off a 12-month membership to our most impactful, life-changing money products. With a Ramsey Plus membership, you get access to Financial Peace University. It's our step-by-step plan to save money, pay off debt, build wealth, be outrageously generous. And you get the premium version of the budgeting tool, EveryDollar,

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Jay is with us. Jay is in Las Vegas. Hi, Jay. Welcome to the Ramsey Show. Hi, Dave. It's great to be here. I'm pretty excited. Honored to have you.

How can we help? My wife and I are looking towards buying a business, which is a gate installation company for HOA communities. And the appraisal for it is worth about $1.5, and it makes $100 to $200 a year for the owners if they work in the business. It's not worth $1,500. Right. Well, we're having a second appraisal done by the bank that we're trying to get a loan from

to see if we can have that, which is what we decided it's actually worth. But we're wondering if we should even go for that or should we sell the properties that we have in order to pay cash? Okay. Jay, 30 years ago in my 20s, I went broke and lost everything because I borrowed money to run a business. It was partly because I was stupid, but it's partly because debt increases risk,

and the borrower is slave to the lender. So since I've been on the radio in the last 30 years, I've never told someone to borrow money on anything except I don't yell at you for doing it on a house. But I've never told someone to borrow money to buy a business ever in 30 years. So that's probably information you didn't know when you called. But just to kind of let you know where I'm coming from so that you have a fair understanding.

And I don't borrow money. I don't have a dime of debt, and I haven't in decades. Consequently, I make a lot of money and i keep all of it except taxes and generosity and so i've been able to build inordinate amounts of wealth because i don't give it all to some stupid butt bank and i don't lose money and lose entire segments of business every time there's a problem because if there's a pandemic or something like that and people quit building gates to HOAs and you have a bank payment, the bank doesn't care.

They still want their stinking payment because they're a stinking bank. And so I'm not going to tell you to go in debt to a stinking bank to buy an overpriced business. And this business is dramatically overpriced. We'll come back to that in a minute. Yeah. Okay?

So if you have the assets to sell and pay cash for the business, if I were in your shoes, that's the only way I could do the transaction, and I don't recommend people do things that I wouldn't do. This is a show about what I would do, what Ken would do in these situations. Okay? So you're saying you have enough real estate to sell and you have the cash to buy the business, is that right? That's right. Yeah, and so you need

to decide do you want the business more or the real estate more? Now, here's a good rule of thumb. After all expenses are paid, including running the business, working in the business, if in the business. If I were to buy this gate business and I don't live in Vegas,

I would have to have someone run the business, okay? You follow me? Yeah. So I want to look at the P&L as if that has happened. So what does it take to put a manager in the seat where this owner is working his own job? Now, after that manager is paid, whatever market rate to put that manager, that business manager in place, what am I going to make as an absentee investor as a return on my money? And that's the profit after a manager is paid. Do you agree with me?

Do you understand? Yes, sir. This is what the business is worth, a multiple of that net profit. Otherwise, you're just buying a job. If you buy a business and the only income it makes is the wages that should have been paid to the guy running the business, you just bought a job. That's all you did. Don't do that. You never buy a job.

If you're going to work a job, go work for somebody. Keep all your money in your pocket. Don't go buying the opportunity to make wages. You want to make wages if you're working in the business and a return on your investment. So let's pretend that this business makes $100,000 a year after the manager is paid, which isn't going to be far off. Okay? Okay. 20% rate of return on my money as an investor, then I would divide the $100,000 by 0.2 or multiply it by 5, which is the same thing.

That would make this business worth $500,000. Okay? If I want a 25% rate of return on my money, which, by the way, this is a high-risk business. It's a high-risk thing. So I want a high rate of return on my money, which, by the way, this is a high-risk business. It's a high-risk thing. So I want a high rate of return on my money because it's a small business. The probability of failure is much higher than if I put money in mutual funds or real estate. Yeah.

So if I want a 25% rate of return on my money, I divide by.25 or I multiply by 4, which means this business is worth $400,000 to $500,000 if it's netting $100,000. This thing ain't worth anywhere near $1.2, dude. Okay. And I don't know who your appraiser is, but he ought to have his butt kicked up around his neck and wear it like a collar. I'll let him know. Okay. Yeah, Jay's not getting it you know it's like people will tell you this

but this is how the real world works big time companies they do the same basic formula this is how you this is mergers and acquisitions it's a cap rate that's right on that operating income of the business this is a standard valuation process and so how you get to a million two on this i don't know what kind of dance this guy's doing with it there's something going on that's 10 times revenue if it's actually net 100 000 yeah which we're not even 100 sure which means you're making 10 on your money right i mean and you can make more than that in mutual funds set at home and i wonder how valuable the real estate is clearly valuable enough enough to come up with $1.5 million is what he said. He said he had enough to be able to cover the $1.5 million appraisal.

Yeah, his real estate's making him more than this. So I think you gave him the right thing. What's more valuable to you? Because this is an expensive job. Be very careful here. There's a lot of warning signs in what you described to me. Unless I misunderstood something you were saying, which is possible. Sometimes I do, but I don't think I did.

But I think he's going to go ahead and buy it anyway. Felt like he wants to hear that bank's appraisal. And the bank's got it. They want to juice that value. Let me tell you what I want from a bank. Zippo on an appraisal. I can tell you that. On a business.

An open parking spot when I get there. That's what I want from a bank. I like that. That's good. I don't want a bank advising me on anything. I don't want them advising me on my dadgum estate plan. I don't want their trust department handling my dadgum kids' stuff when I'm gone. I just want their checking account to balance and be where I told them it was going to be.

I don't need a banker's advice on investing for sure. Good Lord, they're a banker. Think about it. Jeez, they couldn't get a good job. Wow. This is The Ramsey Show. Thank you. Ken Coleman, Ramsey Personality, is my co-host today. Christina is in Ocala, Florida. Hi, Christina. Welcome to the Ramsey Show.

Hi, Dave and Ken. Thank you for taking my call. This is a wonderful birthday present. Oh, happy birthday. Thank you. It's the big 4. Oh, it's kind of scary. Oh, I don't know how you're going to make it. Oh, woman. I know that's what my husband said for me. Um, I have a question because my husband and I have been working our baby steps, which is wonderful. And we're kind of concerned on how to deal with his father. We want to handle it in a way that his retirement is going to be a blessing instead of a new curse for us. Let me give you a

little background. He is a single man and has been since him and his mom divorced 40 years ago. He spent the last 20 years renting. He's never bought or owned a home. He at one point leased and owned three cars, a boat, jet ski, and two motorcycles. He's always had more than one car and he's one person. He's retired now.

All he has is Social Security, a little bit of pension, and $100,000 to his name, and he thinks buying a gun is an investment. And we're just terrified that we need to fit him into our baby steps because we're going to end up having to take care of him if we can't get him to stop wasting money. Okay.

What do you guys make a year? $130,000. I work four jobs and run a business trying to clean up our own mess. And we have our own goals and dreams. And I just feel like one out of guilt, we're all he has. I mean, my husband is his only son. You know,

there's nobody else that's going to take him in. It would have to be us. So I feel like if we could get him on the right path, he might be okay, but that's having to explain to him that, you know what, you're going to have to stop blowing money and maybe work a part-time job because he thinks he can buy a house, but that's going to take all his money if that's even enough. $100,000 doesn't buy much.

How old is he? 68. How's his health? Well, he just had surgery for prostate cancer, but that all went well. So we're hoping the health maintains, but that's my other concern. So your husband has a good relationship with his dad? Oh, yeah. We've always been close with him, and we have a good relationship.

And a couple of years ago, we sat down and talked to him about all this and kind of tried to explain to him making 8%. He's got some finance guy at his credit union telling him making 8% and whatever he has it in that he doesn't understand is good. We're like, no, that's not good. And he thinks it is. And he doesn't understand half of what they're doing. He gives them his money and they do whatever, and he thinks it's good.

And after that many years of them doing whatever, all you have is $100,000 to show for it. I think you need a new guy. I think you're more upset about this than anybody else on the planet. Well, it terrifies me. Yeah. I don't think your husband more upset about this than anybody else on the planet. Well, it terrifies me. Yeah. I don't think your husband's upset about it, and I don't think his dad's upset about it. Well, my husband's worried because he doesn't...

Not as worried as you. ...the other day. Well, I'm nervous to talk to you, too. But my husband's like, I need to talk to him, but, you know, how do I talk to talk to him without you know hurting his feelings or being kind of a jerk about it because like he's rented a house for 30 years paying 250 a month now i can just tell you you don't need to talk to him because your state of mind is not a state of mind that he's going to listen to you well no i won't talk to him my husband has to to. Yeah, your husband has to. That's not my problem. I know, I know.

But it's because you have a lot of anxiety about this, and it's going to come through, and it's going to sound bossy to him, and you don't want that, and it won't be profitable for the conversation. Your husband can sit down and talk to him. But I'll give you a prediction. Your husband can sit down and talk to him, and probably nothing's going to change. Okay? Because I don't think the old man wants to change.

I don't think he gives a rip. Right? And so he's 68 years old. He's 68 years old. He has $100,000. He buys guns, and he pays his rent. And cars. Well, he just now found out he has to move out of that,

so now he just went and dumped money to rent a trailer until he can figure out where he wants to live. Okay. On top of his two cars. One of the most painful things that we all go through as adults is watching people we care about be stupid. Because you can't make them not be stupid. Everyone has people in their family and in their friend group that are doing things that we all look at them and go, oh, my, my, my, my, my, my, my.

And, you know, the only hope is that occasionally you can knock a knot on one of them's head and get their attention and turn them around. But I don't hear anything in this story that makes me think he's going to listen to your husband. Do you really think there's any scenario where your husband says anything? I don't have any magic words for your husband to use. And I just don't think this old man really cares about it. I think he's got his own way of doing things, and I don't think he cares. So here's the thing. You make $130,000 a year.

You can probably buy him a little bit of groceries if he's completely starving to death. You might even help him with his rent a little bit here or there a few times, even though he's been a complete twerp with money and doesn't really deserve, with his irresponsibility, the help. But you can afford to dump a little bit of money in that, and it's not going to make you broke. You're not going to give this guy $100,000. Nor do you have to pay off his debt.

All those boats and cars, you can sell all that if something happens to him. Yeah, you're not responsible for any of that. All we want to do is just make sure he's not hungry and homeless. Well, yeah, that was kind of our point. It doesn't take a lot of money, though. I mean, it doesn't take a lot of money. If you're paying his rent, you decide where he lives. Or he doesn't have to live there.

I mean, I'm going to get a little cheap trailer or a little one-bedroom apartment or something and let him rent. And you can do that depending on where he is, a few hundred here or there, right? And the same thing with groceries. And you guys can afford to do that. And by the time you have to do it, which will be many years from now, if you ever even do have to do it, your wealth is going to be on track because you're doing smart stuff.

But it's just I agree with the pain in your voice and the desperation in your voice because it's just hard to watch people you care be self-destructive. Yeah, I mean. Well, yeah, when we feel like we're it, that we have to do something. No, you don't. You don't. You don't have to. You but we have to do something. No, you don't. You don't. You don't have to. You don't have to do anything. There's not a law that says you've done cocaine your whole life,

and now I'm supposed to pay for your rent. I mean, you've misbehaved, whatever form of misbehavior you want to come up with, your whole freaking 70 years on the planet and you're and now i'm obligated to feed you not really but i probably will just because i'm a compassionate person he's not going to take you guys down you there have so much fear and i get it there's so much unknown and you're in the middle of struggle and you guys are busting in your gazelle intense you're working four jobs and you're going going going going but listen he's not going to drag you down he's not going to drag you guys down so that fear needs to go away but it's disgusting sure of course because

you're working so hard and he's not doing squat yeah you know you're being so responsible and he's so irresponsible i get that it's disgusting to me to hear about him and i don't even know him you know i get it i i understand but he's what is he he's most of america right yeah and so he's irresponsible and slovenly and out of control and you know and and then acts like somebody did something to him and nobody did anything to this old guy he just farted around all his money till it was gone right yeah yeah so i i think you can calm and just lovingly i mean please don't talk to him let your husband and it's his son and just say dad i'm gonna knock a knot on your noggin if you don't quit this because i'm afraid I'm going to have to feed your butt because you're misbehaving. Now, you need to be a grown-up, and this is how he needs to talk to him

because this old guy doesn't do subtlety, does he? No. No, he needs a two before upside the head, and that's what your son's going to have to do. But that's the only shot he's got getting through to him, and it's just lovingly, Dad, I love you, but you're being a butt. And you've got to stop it. And you're just going to have to have this conversation and then see how it goes.

Hallmark needs to make one of those cards. Right there. The Dave Ramsey. Dad, I love you, but you're being a butt. That'll be a big seller. It will. It'll be a big seller. It'll be a movie seller. It will. It'll be a big seller. It'll be a movie on Hallmark Channel.

This is The Ramsey Show. This is James Childs, producer of The Ramsey Show. You can listen to all our shows with the Ramsey Network app on your smartphone. Browse by topic or even send clips to your friends. Download the Ramsey Network app in your favorite app store today.