The Ramsey Show - App - Should I Sell My House? (Hour 1)

Episode Date: August 12, 2019

Home Selling, Budgeting, Debt   Tools to get you started: Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE   Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

🎵 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. That's 888-825-5225. Ryan is with us in Washington.

Hi, Ryan. Welcome to the Dave Ramsey Show. Hello there, Dave. How are you? Better than I deserve, man. What's up? So I have a question. So I'm thinking into switching professions. My dad is going to be loaning me. Well, not loaning me. He's going to be giving me some money to make that possible. I was wondering if I should, and I know what you say most of the time, that you shouldn't take out your 401K, but I've only been putting in the last three years,

and I have about $7,500 in there. Wondering if I should take that out to pay off my car loan and part of my medical debt. How much medical debt have you got? So it's about $7,000. And what do you owe on your car? About $7,000. And what do you owe on your car? About $7,500. So you've got about $14,500 in debt then. Okay.

Right. And you don't have any money. No, I get bonuses through work. Yeah, how old are you? I'm 1,500. Oh, I'm 32. What are you going to do? What's the process here you're engaging in?

You're going to go get a degree in something or what? No, it's actually barbering school. Okay. All right. And you make what now? I made 56 last year. My wife made 25. Okay.

And you anticipate making $60,000 or more and being a barber? My friend who owns the shop made six figures last year, so I'm hoping that it's going to be at least half that, yes. Okay. All right. Okay, cool. So what does barbering school cost?

$10,000. I'm looking to get financial aid, and it's nine months long. And it's full-time? 30 hours a week at least. So you'll have to quit your day job? Correct. And get a part-time job. Yeah, absolutely. A good one. And work it so much it feels like a full-time job. Okay. And your family can make it on that budget? Well, this is my thought on it, is that I would get financial aid to pay for the actual schooling.

My dad would give me $10,000 to $12,000 to help me get through. So that should help pay my mortgage for close to nine months, which that's how long barbering school is. How old is your car? Like the year of the car is 2008. 2008. Okay. What's it worth, do you think? Well, trade-in is only like four thousand um but i think it's between six and seven

ish in good condition okay all right well um i don't tell folks to cash out a 401k early because right you get hit a 10 penalty and you get hit with your taxes, which in your case would be about 20%, 25%. And so in a sense, you're borrowing money to pay off your car at 30-plus percent interest. Okay. Now, that doesn't make sense. So my question is, I've been through your financial piece. Loved it. I know you say not to start investing until you're totally out of debt. Correct. And typically when I hear callers call about taking money out,

it's usually a more substantial amount that they're trying to take out. And so that's what my question was is if I was to take it out, it's only been the last three years of me putting into my... Yeah, they don't care how many years you have had it in there. They're still going to hit you with the exact same penalty and the exact same taxes. So in a very real sense, even though it's not a small amount, you're taking out a small loan of $7,000 at 30% interest. Right. And it's just not wise. No,000 at 30% interest. Right. And it's just not wise.

No, I would not do that. It sounds like you may need to tap the brakes on barber school for one year and work like a maniac and become debt-free during that year and pick up the extra job and do that and then start barbering school. Because it sounds like then you'll be in a position, because if you were 100% debt-free, we wouldn't be having this conversation. If you were debt-free and had $5,000 saved, and your dad was willing to help you, and you got financial aid,

wow, you'd be in a completely different position then. And so it sounds like maybe 12 months, pad,'re already 30 years old i mean it's not like you're a 20 year old trying to figure out what you want to do you know you this is just a change in career and there's no panic you're not out of work there's nothing driving this except just your desire to do something different you've been hanging out with this guy who's making six figures so if i were in your shoes i would consider consider delaying this some. One semester or two semesters, however that works in the barber school world. But I would just say I'm going to take a little time, and I'm going to get myself on a little more solid footing

because it sounds like you're not quite ready. I think you can get there. But if I were in your shoes, that's how I would play this. No, I'm not going to tell you to borrow money at 30% interest, which is the same thing as taking money out of your 401K. All right, John is in Indiana. Hey, John, welcome to the Dave Ramsey Show. Hi, Dave.

How are you? Better than I deserve. What's up? I was wondering if I should sell my house because I believe I might have overbought. How much is your house payment? House payment is $882 a month. And what's your take-home pay? Household.

Annually? No, monthly. Monthly? Anywhere between $5,000 to $8,000, depending on overtime. Okay. No, you did not buy over buy. An $800 payment is a small payment when you make $8,000. That's 10% of your take-home pay.

Okay. Now, do you hate the house or something? No. Are you just a super conservative guy? Very conservative. You never had a payment this big before, and it scared you a little. Exactly. Good, good. Well, and it scared you a little. Exactly. Good, good.

Well, that just means you need to get it paid off. But, no, your house payment is not out of line. I would just get after it. I bet you don't have any other debt, do you? No. Yeah, because you don't like debt. You don't like paying interest, right? Nope.

Yeah, I thought you were that guy. I like that guy. Yeah, I definitely would just lean in and get it paid off early. But no, you did not buy too much house, sir. You're in good shape. Thank you for the call. Open phones at 888-825-5225. Sonia on Twitter says, Dave, what kind of savings product should we keep our three to six months of expenses in? Your three to six months emergency fund is not an investment. Everybody say not an investment. It is insurance.

Everybody say insurance. Insurance costs you money in order to protect you. Your emergency fund costs you money in order to protect you. It costs you money in the sense that it is very poorly invested because it is not an investment. Park it in a simple money market, make it 1%. You've got access to it in case you have an emergency. It is not the money you will build wealth with. It is the money you will protect the other things that you will build wealth with.

This is the Dave Ramsey Show. I got a call the other day, and I thought it was worth talking about again. It was from a wife looking for life insurance for her family. She asked why I only recommend term life insurance instead of cash value plans like whole life. I usually explain how you overpay for coverage, earn a horrible rate of interest, and don't get your cash value when you die. But this time, I just had her go straight to Zander.com and get a rate. And then we compared that rate to the whole life plan, and she immediately saw the huge savings. She realized all the things she could do with that money like paying down debt, investing in a smarter way. That made it

real for her. It makes no sense to buy or keep a cash value plan when there are smarter, less expensive ways to protect your family. That's why I suggest that everyone go to zander.com or call them at 800-356-4282 and get a free quote that's zander.com or 800-356-4282 Thank you for joining us, America. Jennifer is with us in Florida. Hi, Jennifer. Welcome to the Dave Ramsey Show. Hi. Hi, Val. I to the Dave Ramsey Show. Hi. Hi, Val.

I'm sorry. I'm so excited. It's okay. Can you speak directly into your phone? I'm having trouble hearing you. Yes. Sorry. No troubles.

How can I help? Okay. I was calling because together, me and my husband, we're on Baby Step 2. We're about $120,000 in debt. We paid off $29,000 in a year. Good for you. Yeah, we're on track. But my question is, we is $24,000,

but it's broken up to $1,000, $2,000, $4,000. Do we put that under a debt snowball? You break up the loans. If they're individual loans, you use them as individual items in the debt snowball. Okay, so I consider them each separate then not together 24 000 yeah they are they are separate 24 000 is a category it's not you don't do that snowball by category you do it by individual loans and here's why you want to have the experience of paying things off the faster you pay the more things you pay off the faster you pay them off the more excited you get

and the deeper you'll sacrifice and the faster you'll get out of debt. Yes. Okay. That makes sense. Yeah, that's the whole principle of the debt snowball is it's behavior-based, not math-based. And so it doesn't matter. You'll get, mathematically, you'll get to the end exactly the same time either way. The trick is to get to the end and how fast you to get to the end. And how fast you can get to the end. And the faster,

the more excited you get, the more hopeful you become, the more jazzed you get, the angrier at debt you get, the deeper you'll sacrifice and go, I am not spending this money. I am putting this money on the debt because I want out of debt. And the more times you say that, obviously, the faster

you get out. And that's the trick. And that's what has worked for so many millions of people doing this Ramsey stuff. So, hey, thank you for the call. Open phones at 888-825-5225. Melanie is with us in Indiana. Hi, Melanie. Welcome to the Dave Ramsey Show. Hi, Dave. Hi, what's up? I had a question about my 401k that my employer offers. So they offer both a traditional 401k and a Roth 401k.

And as long as I put in 6% in either one or a mixture of both, they match. That's wonderful. But should I put in 3% in the Roth and then 3% in the traditional, or should I just all put it in Roth? All Roth. All Roth. All Roth. And here's why. How old are you?

29. Okay. So if you invest from age 30 to age 60, $600 a month, you'd have around $2 million in this account, not counting the match. Okay? Okay. If you had $2 million in retirement, would that sound pretty good?

Yes. Okay. If it's in a traditional, it'd be taxed. Taxes on $2 million would sound a lot like $500,000. Okay? Okay. And if it's in a Roth, it is not taxed. Zero tax.

So this discussion just made you $500,000. Good question you asked, huh? Yes, thank you. That's a great question. Always take the match and always take a Roth. Match is first, and then Roth is second. In your case, you can do them at the same time. Now, the match will not be a Roth match.

The match will be taxable, the portion that goes in that. You'll have a traditional mixed you can convert your matched to roth once a year and pay the taxes on it and it'll roll into the roth and grow from that point tax-free i would not do that until you're in baby step seven i would rather you spend the money on getting your house paid off and some other things than pay extra taxes. So for right now, just take the match and take it all in a Roth, and that's going to be your plan. And we're going to tell you to spread your mutual funds investing in there across four types, growth, growth in income, aggressive growth, and international. That's what my personal plan is. That's how my money is invested, in mutual funds that have a long, great track record of

outperforming the S&P. And yes, they do exist for those of you who spend more time reading on the internet than you do actually investing. Anthony is in North Carolina. Welcome to the Dave Ramsey Show, Anthony. Hey, Dave. Good to talk to you again. How are you? Better than I deserve, man. How can I help? All right, great. So I'm 30 years old. My wife is 29 years old. We are both on baby step six,

and we are dedicated budgeters. I mean, like, our budget has its own place in our house. It has its own room. So we make roughly, I want to say we make roughly $70,000 to $75,000 a year. I'm a school teacher. My wife is a, um, cosmetologist. She works on wedding hair and she has her own little salon. So her income fluctuates a little bit from time to time. We are working on paying off our house, of course, baby sub six, and we have about $124,000 to go.

This year, we paid $22,000 already off the principal this year, so we are gazelle intense on the mortgage. You're on fire. I love it. We think we're expecting a child, so we're excited. Yeah, and we have an appointment set up in a couple of weeks with the doctor to see if it's legitimate and to make sure that the home pregnancy test was correct. So getting to my question here, I have insurance and my wife has Christian healthcare ministries. With that being said, do you think for preparing preparing for a child do you think we need to

extend our savings for unexpected costs or anything like that do you think it's needed to save past a six-month expenses for your emergency fund for any kind of unexpected cost and I tend to be a more of a worry wart and want to make sure I'm the man of the house and doing the right thing. And if you do think we need to do that, do we have to stop paying everything on the house except the minimum, of course, and then stop all investing, or is there another way to do that? Well, what you could do, and thank you for being a wise man of the house, and thank you

to your wife thank you having her own room for your budget i you guys are you guys are just strong neat people you're going to be just fine you're you're not going to get hurt either way but i tend to fall in your category i tend to plan my impulses okay so okay so i'm going to go ahead and plan this out now the way you could forecast it or do it is almost like you were doing a business forecast, and you forecast a best-case scenario and worst-case scenario. Best-case scenario is normal labor and delivery, not a single hiccup. Okay?

Right. Now, what does Christian Healthcare pay on that, and what does your insurance pay on that, and what is covered, and what have you got to come out of pocket in that scenario? And you don't have to answer me, but that's the amount. And I probably would save at least that above my emergency fund because that's like saying Christmas is coming, and we know we're going to spend X on Christmas. Baby is coming, and we know we're going to spend X on baby, minimum. Then your worst case scenario is the other pro forma you could run and say, wow, what if there was a major hiccup?

And we had some time in NICU, and we had not super major, but, I mean, we spent a week in NICU, which can be a lot of money, you know? Yeah. A little breathing problem that you forget about by the time they're 20, but when they're brand new born and it's your first one, it makes you not be able to breathe. That kind of stuff, right? And so, okay, that's going to be, you know, how much out of pocket then above and beyond normal labor and delivery would you have? And I might save a little bit towards that, above normal labor. But if you're in that range, you're going to be just fine and you will have prepared properly and if you could do it either way you can either carve back what you're

putting on the house extra until you get to that number whatever that extra number is or you could just stop the house and get to that number real fast and then restart the house either one is okay i'll be fine you got nine months to get. And so just kind of run those out. And all that does is you're not in a bad place financially. You're not in a danger zone financially. You're just asking about peace and comfort. And money can provide some of that to a certain extent. Thank you. Autumn is with us in Virginia. Hi, Autumn.

Welcome to the Dave Ramsey Show. Hi, Dave. Hi, what's up? So, we've hi, Autumn. Welcome to the Dave Ramsey Show. Hi, Dave. Hi, what's up? So, we've been completely stupid. Okay, you're going to have to speak directly into your phone. I can't hear you. I said, we've been completely stupid and made a lot of really bad decisions. Can you hear me?

Yes, ma'am. So, I did the debt calculator on your website, and it said it would take us 11 years to get out of debt following your plan. And I kind of feel stuck. Do you have any advice to speed this up? Did that include your house? No. Okay. And how much debt do you have?

Not including the house. We have $148,8008 800 okay and what is that on um 20 000 on credit cards 10 of that is in debt management um 16.8 on auto um and 102 in student loans. Who's the doctor? Who's the doctor? Like I said, we've been really stupid. I have 54,000 student loans, and I don't even have a degree. Oh, you didn't complete.

What were you studying? Well, I changed my major a million times, which is why I've gone to school like seven years. Okay. And what's your husband's degree in? He's a teacher, and he has like 40-something. Gotcha. Okay. And how much is your house payment?

Our house payment is $600. Okay. And what's your household income right now? Uh, $53,500 a year. So he's working full-time and you're working part-time? No, I'm not working. Um, I, I have a, uh, high needs 12 year old that I do homeschool, and I have a four-month-old. Okay. All right. Yeah, you've got your hands full. Yes.

Well, the debt snowball calculator that you used on our website assumes only that you pay nothing extra. It only assumes that whatever you pay off goes to the next one when that one is paid off. So if you have a $20 payment on your smallest debt, you increase debt number two's payment by $20 when that pays off. You will pay more than that. You should pay more than that. And so the 10 years is not accurate is my point. So here's the way you do it. You do kind of old-fashioned, big number, long division.

Okay? We've got $140,000 worth of debt. Okay? Ten years would be $14,000 a year. That's not enough. You need to pay more than $14,000 a year. So if you took $140,000 and said we paid $20,000 a year, out of $53,000, that'd be doable.

That'd be doable. You'd be on beans and rice. That's a seven year plan. Yeah. Okay. If we sell the car it's a six year plan. Well I've looked into selling my car but we're upside down.

It's worth seven. One of them is worth worth 3.5 but we owe eight. And I got a loan offer, but it's at 65% APR, so I'm not sure I should do that. Okay. And the other car is worth what? About 10.

And you owe 8. Right, even. Yeah, we're right about even with that one. No, you owe eight. You said you had $16,000 in car debt, and you owe eight on each one. Yeah. Okay. And so, yeah, that one may be gone.

You may have to go. Because here's the thing. Every $20,000 you shed at a $20,000 a year rate gives you a year of your life back. And so right now we're at seven years at $20,000 a year. You and I just making this up, sitting here talking, okay? And if we can get rid of $20,000 worth of debt, we would be at six years. If we can increase our income by $10,000 and throw it all at the debt, your husband taking on tutoring, you working a side gig that you can work around with your child care needs

that you have that are real, you know, anything, you know, you start work from home stuff, you start selling stuff on eBay. I don't care. Whatever you want to do, but if we increased our income by $10,000 a year, now we put $30,000 a year on $140,000. Now we're talking a little over three years. That starts to smell a lot better than 10, doesn't it? Yes.

So you're going to be on beans and rice budget. You're going to increase your income. And you're going to consider selling some stuff real seriously. And not rationalize and not go, oh, I have to have this because dot, dot, dot. Nope. You don't have to have nothing. You don't have to have nothing but food, shelter, clothing, and basic transportation. And so that's what, you know, because what is the goal here?

What are you willing to give up to hit your goal? Because it's not what people are willing to do that causes them to hit their goals. It's what they're willing to give up to get their goal that causes them to hit their goals. And there's always a price to be paid. So you just got to look at that and decide. I think if you'll bear down on this, get on a real tight budget, both of you increase your incomes, not a ton, but at least a little bit. I think you're out of debt in three and a half to four years.

You might be out at three years because you're probably going to see some things change around your house during this time. So good question. Good question. Thanks for joining us. Dan is in New York. Hi, Dan. Welcome to the Dave Ramsey Show. Hi, Dave.

Thanks for having me on. It's an honor to get to talk to you. Sure. What's up? So I'm 23, and I'm on Baby Step 3. And the Baby Steps have been working really well for me because I'm young, and I don't have any dependents. I don't have kids.

I don't have that many big expenses. And I'm wondering what your advice would be for – You say that like they don't work well for people with kids and they're old. Well, they do. They work well for everybody. They do, yeah. Okay. And I've been trying to convince, you know, my dad of that.

Oh, okay. And there's the old person. Okay. Yeah, yeah. All right. So I guess, like, what is your advice on trying to sell the baby steps to someone like that yeah um how's your relationship like with your dad good we talk a lot and um he's actually instilled a you know a financial responsibility mindset in me and um it's pretty

much what drove me to find you and and actually accomplish the baby steps so far okay so uh my son and i have that kind of a relationship too he's 27 all right the barrier you have is always this it's called the powdered butt syndrome once someone has powdered your butt it's hard for them to take your advice about money and sex. Yeah. So it's hard for your dad to hear this from a 23-year-old son. Okay? Let's just know that that barrier's there. And so we have to approach the conversation with that

in mind. And so it wouldn't sound like, hey, dad, you're a doofus. You need to read this book and do this stuff. Obviously, that's not going to work. You might talk to one of your buddies that way and get away with it. It might actually work with one of your buddies, right? You bust them on the chin, right? You don't do that with your dad.

That doesn't work, at least with us old school dads anyway. We'll bust you right back. So, you know, but what you could say is, hey, dad, you know, one of the greatest things you ever taught me was financial responsibility. Thank you for that gift and i tell you i read this book and because of what you taught me i'm doing this stuff i am so excited and i am winning and i just want to tell you thank you and hey man you ought to read this book i think you'd enjoy it. Okay. Now, I am a world-class leadership expert. I have almost 1,000 people that work on my team.

And our company wins best place to work in Nashville has won 11 times. I speak at leadership conferences. I conduct leadership conferences. My 27-year-old son handed me a leadership book not long ago. And the conversation sounded almost like I just said, you know what I did with that book? I read it, and I liked it. He was right.

You see the difference? That'll work. So you give it a shot. Hey, man, thanks for the call. Open phones at 888-825-5225. This is the Dave Ramsey Show. We'll be right back. Our question of the day comes from Blinds.com. You can find out why they are the number one online retailer of custom window coverings. You get free samples, free shipping, and with the new promos every month, you can save even more.

Use the promo code, the magic word, Ramsey. Ted is in Pennsylvania. I'm currently attending a state school in order to save money on college loans, but I calculate that I will have $65,000 in loans when I graduate. Why? I'm currently about to start my sophomore year, and I wanted to get any advice for how I should prepare for this before the next two years.

Work more. I want to be financially independent after college, so is there anything I can do to minimize this amount? Work more. You're going to a state school. The average state school's tuition is $12,000 a year times four is $48,000. So you're financing living expenses and tuition to get to 65. Work more all the time. Well, I wouldn't want my grades to suffer.

Mine suffered. I worked 40 to 60 hours a week. And my lower GPA has never cost me a single dime. Let me say that again. My lowered GPA, I graduated from college with a 2.97. Three one-hundredths of a point off of... I'm still bitter. Yes, I'm still bitter.

Just missed a three. Okay, so, and you know how much you know how many times people have asked me that none zero i'm 58 years old zero times has half a point in my gpa costs me a dime now lack of knowledge has cost me a lot of dimes, dollars, and $100 bills, and $1,000 bills. But my GPA itself is worthless, and so is yours. Work more. Work more. Like this summer while you were home, you should have been working 90 hours a week instead of screwing off.

Work more. Yes, I know. I've been a sophomore in college. I know what it's like. They call them sophomoric behavior for a reason. Work more. And don't work at minimum wage. You can make $25 an hour cleaning somebody's house, babysitting their dog, mowing their yard, fixing their website.

You can make $50 an hour. I don't know what you're studying or what your skill set is, but go find you some kind of a little side hustle and work your butt off. I got my real estate license when I turned 18. I sold real estate. Not exactly a minimum wage job if you're any good at it. Work more. Work smarter while you're working. That simple.

So that's what I would do. That's exactly my answer. 78% of Americans are living paycheck to paycheck. That means 8 out of 10 people you know have too much month left at the end of the money. Every little thing is a struggle. Every time you write a check, there's a little sweat in the palm of your hands, right above your upper lip and just above your eyebrows. Your eyes dilate, adrenaline and proteins and endorphins are released.

It's called stress. And if you want to help them, but you feel unqualified, we created a thing called the Financial Coach Masters Training Program. Financial Coach Masters Training Program teaches you everything you need to know to help someone have hope, teaches you how to teach them how to have control of their money. To help you get started, our financial coaching team is giving away a free enrollment to the Financial Coach Masters Training Program during the next webinar. And the webinar is this Thursday, August the 15th at noon Central Time.

78% of Americans in serious money trouble need help. You might be one of the people that helps them. August 15th webinar. Text the word COACHING to 33789. It's completely free. COACHING to 33789, and one of the webinar attendees will receive a free tuition. Angeletta is with us in Kentucky. Hi, Angeletta, how are you?

Hi, Dave, it's an honor to speak with you. You too. How can I help? Well, I am about to receive an inheritance, $11,000, and I am paying off debts. I am not financially wise at all. I wasted a lot of money because only my ex-husband dealt with money and I didn't know much about it. But I was listening to your show while driving in my car and somebody gave me your book, The Total Money Makeover. And so far I was able to put aside the $1,000 for the first emergency fund. Way to go. How old are you? I am about to turn 50.

All right. Very cool. What do you do for a living? I work at Amazon. Okay. Good for you. Very cool. Thank you.

And your accent, where are you from? I'm from Romania. Romania. Okay. Very cool. And how long have you been in the States? 15 years this year. Very cool.

Yeah. Good for you. Way to go. And so you got a copy of the Total Money Makeover. Was it helpful? I'm reading it. So, yes, it is very helpful. I am learning from people's experiences, you know, the stories that are written in the book.

Not everything rings a bell to my mind right now because it's a new field that I'm not trained in. But I am very determined to, you know, take my life in my own hands and tell the money where to go. And, you know, just to really make a living. Excellent. Well, the $11,000, if you're going to work the system that we're going to teach you, will go on to whatever baby step you're on, and that would be baby step two. How much debt do you have? Well, I have more than I inherit.

I have about $14,000. Okay, good. And what is the $14,000 in debt on? It is my car and credit cards. Okay, and break that down for me. How much is owed on your car? Yes, on the car I owe right now $5,128. Got it.

And how many different credit cards do you have? Well, I have five, but I made an unsecured, you know, I borrowed from the bank and I made an unsecured loan because it had a lower interest. So you only have two debts. You have the unsecured loan that was credit cards, and you have the car debt. No, I did not. I don't have the unsecured on all the credit cards. Oh, I see. Just on two of them, yeah.

I see, okay. And so how much is your smallest credit card? My smallest is $320 right now. Okay. And how much is the unsecured debt? Unsecured is a lot. It's $6,490. Okay, perfect.

Then what we're going to do with the $11,000 is we're going to list your debts, smallest to largest, like we always do, called the debt snowball. Okay. And we're going to go right down that list, which means we're going to pay off everything but the unsecured and you're going to pay some on it but you're still going to have $3,000 owed on it but your car is going to be paid for all your credit cards except the unsecured are going to be paid for and we'll have $1,000 in the bank

and you're going to be living on a budget how much do you make at Amazon? I am paid hourly and working nights right now because I also go to school. What are you studying? I am studying

for a radiology technician. I love you. You're incredible. You are a go-getter. Thank you. You're really encouraging me. I mean, you're doing everything you need to do. Listen, I want you to go through Financial Peace University, our

nine-week class and our one-year membership, and I'm going to sign you up and pay for it, because you just inspired me. You got this. And I'm here if you need any more help. You keep fighting it, kiddo. You're doing everything you need to do. Look at you at 50 years old, getting after it. I love it.

This is The Dave Ramsey Show. Hey, it's Kelly, associate producer and phone screener for The Dave Ramsey Show. This episode is over, but if you heard about a product or service and didn't have a chance to write it down, don't worry. We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.