The Ramsey Show - App - Should I Sign a Prenup? (Hour 2)

Episode Date: February 15, 2022

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Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host, George Camel, Ramsey personality, host of the Fine Print Podcast, where you can learn what happens in the fine print on the Ramsey Networks. He's my co-host today. Open phones at 888-825-5225. As we talk about your money, your relationships, your boundaries, your mental health even. Yes, we dare to go there. And of course, your work and your careers it's all about

you and your life it's called the ramsey show triple eight eight two five five two two five martin is with us in albuquerque new mexico hey martin welcome to the ramsey show hi dave how are you doing better than i deserve what's up i um i have a charge off loan that was charged off, I believe, in August 27th. I'm sorry. I'm sorry. It was charged off actually not too long ago. It's a loan for $8,000. And I have a backstory with it, but I just want to know what are the steps to tackling this loan considering it's only been about six to eight months that I have not paid. What kind of loan?

It's just a personal loan. At the time before I was interested in investing and saving, I got a loan when I had a job to purchase a dream car I wanted. Okay, so you owe $8,000 to who? It's an online lender called Lightstream. Okay. All right. I'm with you now. All right. George? So why weren't you able to pay the loan? I got injured back in January 22nd of last year.

I was a UPS driver. I fell out of the back of a truck and hit my back. My work did not work with me. And so I eventually got a lawyer to fight against UPS. We finally settled after a year. I just got the settlement check about a week ago, and I'm holding on to it for certain reasons, and this is one of them. Okay. How much is the check?

We settled for $15,600. All right. And have you worked at all since? No, sir. I've been injured, stuck at home. Okay. So have you had any income, any disability, anything like that? No, sir. What are you going to do for your career going forward? Right now, I'm going back to school. I'm going for my associates for business and hopefully going farther than that. As soon as I'm done with that, I have about five classes left for that.

Are you living with your parents? Yes, sir. Yes, sir. I'm living with my mother. She's been taking care of me since then. God bless her. Wow. How are you paying for the school?

She offered to pay for one class for it right now. I registered for two, and luckily my school gave me a $500 grant, so the bill came out to $100. Good. Okay. Very good. Do you have any other debt? Yes, sir. Yes, sir. I, um, just before this call, I spoke to Nusenda, my, to my banking, and I have two credit cards that are maxed out, um, because I was paying for stuff after I was injured. Um, so those are maxed out at 2,500. Each or total? Total for both credit cards. One's a thousand dollars and one $2,500. Each or total? Total for both credit cards.

One's $1,000, one's $1,500. Okay. I tried working with them. My mom tried working with them, seeing if they could lower it if she was willing to pay it off. Unfortunately, the only thing they can do is lower the interest rate and the minimum payment. Are you current with them?

Yes, sir. Okay, that's why. And that's all the debt? Yes, sir. Are you up and around where you're able to do something to create an income while you're in school? Right now, after a year, my back is starting to get better. I've noticed some improvements.

I still want to go with the doctors because in my settlement, I received a $20,000 medical, I guess, just for medical bills. I'm not suggesting that you don't finish your medical care. I'm suggesting you go create an income. Are you able to do that? I believe so, yes. Yeah, you're up walking around, right? Yes, sir. Okay, then you can go do something. You're not going to load trucks again. You're not going to be in a position to do that. You've got a back injury. I didn't suggest that. I don't want you to go lifting heavy trays as a waiter. You're not

going to be able to do that right now, okay? You may someday, but right now you can't. But you could go do something that did not require physical labor and there's lots of those things available right now yes sir and you need to create some income it'll be good for your attitude and your pocketbook with the settlement check i mean we can clean up this debt today was there anything else you wanted to do with it other than i want you to cash flow the rest of your school for sure. Yes, sir. I, uh, I was just, my mother and I had a plan. Um, she wanted to try to settle the debts and try to lower them. Um, considering after we, if we were to pay everything off without trying to lower it, it would only come out to around $5,000, maybe a little bit less than that.

And I'm not sure how much interest rate or fees or anything like that. Okay, so here's what I would do. I'd write a check today and pay off your credit cards and get some scissors out and cut them up. Okay. Where you never use them again, okay? The second thing I'd do is I'd call this company that you got the $8,000 with and you haven't paid since August

and ask them what they will take as settlement in full. Okay. And they will probably take $5,000 or $4,000 or something. They're probably going to make you an offer. And if they make you an offer that's less than $8,000, take it and write them a check. Get it in writing from them before you send them money, that they're agreeing to accept X number of dollars as settlement in full. That's the phrase you're looking for, settlement in full.

Okay. Okay. Is there a difference between pay and delete? Pay and delete? Yes. Yes, sir. For it's a chart. I just looked a bunch of of YouTube videos and saw that.

Pay and delete doesn't mean anything. That doesn't even exist. Yes, sir. Okay. Pay and delete means if you pay the loan off, they're going to delete the loan. Duh. Okay. Of course they're going to do that.

But, no, the legal phrase is settlement in full. You are making a settlement, and they're accepting it as payment in full. Yes, sir. So it's settlement in full, and you need that in an email or something in writing, and you keep a hard copy of it with a copy of the check that you wrote or the wire transfer that you did or whatever it was in a file for the rest of your life because this may come up again it may come up again it may come back and bite you later and you'll have to have proof that you settled this and got rid of it yeah i wouldn't spend too much more time and energy

trying to fight all this stuff you took out the debt pay it off and move on with your life man you got a bright life ahead of you bright future and that's what we want for you but if you've got no debt hanging over you and you still got a little money in your pocket, which would be the case here, and you're in school and you're starting to create an income, now your future is brightening back up again. That's what I'm trying to put together, a total life picture here for where you're going.

But you need to go create some income starting this week, sir. This is The Ramsey Show. You know, we did a survey recently looking for ways that we could serve you better. One of the top things we learned is that people need help when it comes to life insurance. Most people know it's a top priority, and oftentimes money's not even the issue, since term life is really just cheap. Some feel guilty for not taking action. Some need encouragement to follow through, while others are confused about the options.

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Get started right now. RamseySolutions.com slash SmartTax. Joe is with us. Joe's in Chicago. Hi, Joe. How are you? I'm good, Dave. Thanks for taking my call how you doing better than i deserve what's up uh so question is uh currently i am in baby step two um i've got seventeen thousand dollars in student loans left um That's the only debt that I have. I live in Chicago with my girlfriend.

I make $60,000 a year. I just bumped that up. I have two jobs now. Both are work from home. The main one is $40,000. The secondary one is $20,000. And my question is, so I've been in Chicago pretty much my whole life. My girlfriend's been here for about 10 years or so, so I've been in Chicago pretty much my whole life. My girlfriend's been here for about 10 years or so, and I'm pretty much fed up with living here. And I want to get out, and I want to move, and she's very much on board. The only thing obviously holding me back is the student loan debt. And what I have right now is about $10,000 in cash. And I know moving can be pretty expensive. We don't really have that many things. We rent an apartment right now. So I guess my question is, would it be smart to move now out of here? Because just mentally and

emotionally, it's just not really good for me. Or just hunker down for another two years seems kind of unbearable at the moment. Well, two years would be ridiculous to pay off $17,000. Right. It shouldn't take you two years. You've got to do it in a year. But I think you ought to go ahead and move, probably. I mean, what are you going to do with your job? Are you going to get a job before you move?

Where are you moving? I mean uh the good thing about both jobs is that they're both uh working home so i can i can work from anywhere so when you say you're fed up i mean if you're at home all day working where is it where is this coming from when you say it's taking a toll on your mental health well i mean i even though i do work from home like you know i'm still out in the city and you know just politically socially with crime and and everything else and i'm where are you talking about moving to uh out west uh either to montana or um oregon or colorado montana being number one on the list would your cost of living go down

depending on where you go out there yeah it would it would depend i've i've got it narrowed down to a few cities um it would be similar it'd be a little bit more expensive uh we've got a pretty sweet deal on our rents right now um but it wouldn't be that much of a jump okay it should be a drop yeah depending on the city almost anywhere in montana is cheaper than chicago yeah that's kind of a yeah i mean if you move into portland oregon maybe not but if you move into any of the rest of oregon you should be cheaper than chicago yeah i mean i'd go ahead and move and then whatever money's left we're throwing that at the debt except for your thousand

dollar starter emergency fund and we're getting rid of this thing i would think you would drop your cost of living if you're smart about how you do this and that would accelerate you getting out of debt more than the cost of the move does and so i'm gonna load up the truck and head to beverly baby let's move it's time beverly montana that's where he's going apparently there we go have a good move joe peyton is in houston hey peyton what's up peyton hi dave can you hear me barely what's up uh i had a question for you so uh i've been a long-time listener and uh i'm actually just now kind of restarting on my baby steps. I am $77,000 in debt, and that is around 20 in credit cards, $17,000 in student loans, and the rest is on a truck. I use the truck for work.

So my position with work, I have a base pay of $600 a week. I get a $500 bonus each month, and the rest is commission. And I'm looking to take home commission around anywhere from $8,000 to $10,000 a month. Now, I am a 1099 employee as well, so taking that into account. But my question is, how do I need to go about with a budget knowing that I am partially commissioned? So you're talking about a regular income. How do I budget for that? Right. So I've got it all. You continue. I've got it all lined out. Uh, right now I am looking about 3,500 a month, uh, is what

should be going out. And that includes, you know, all bills, all debt and, uh, you know, just living expenses, groceries and whatnot. That sounds like more than you're taking home, doesn't it? Well, that's more than my guaranteed salary. I've got $8,000 a month coming in. Oh, right. $8,000 to $10,000 just in my commission. Just in commissions.

Okay. Well, with a regular income, you've got a baseline, don't you? What's the lowest amount that you probably would make in a given month? The absolute lowest would be $2,400. Okay, but that's pretty rare. $600 a week. Has that actually happened? No, no, no. You're always going to get some commission.

What's a horrible month look like with commission? A horrible month would probably, I would say $3,000. On top of the $2,400? Correct. So your baseline, let's call it $5,500. So at that point, I'm going to list out the most important thing that needs to get paid. That's going to be your four walls, your food, utilities, shelter, transportation. So make a list of all the priorities in that budget, and as you get more money, the next thing gets paid and the next thing gets paid.

So that might mean you don't have fun money for the month, because that's probably at the bottom of the list, but you kept the lights on. And so that's how we talk about budgeting for a regular income, and Dave can add some flavor in here, but that's how I would do it, because we know a baseline. Yeah, I would run a regular budget on $5,000 a month, because you just about 100% of the time are going to get that. And then snowball the rest. going to get that and then snowball the rest and then and then no not snowball the rest you could throw the rest at the snowball if you want but then prioritize the rest and say okay whatever didn't make the cut that you'd like

to do or want to do or should do with money that didn't make the cut for the five grand budget then you make a list of those things you go okay, okay, if I make $5,001, what's that $1? What's the most important thing on this list that didn't make it in the regular budget? You see what I'm saying? And then you prioritize that list. And so if you make, you know, and you can go right down that list as far as the money goes above $5,000. So 1, 2, 3, 4, 5, 6, 7, 8, 9, 10. goes above 5 000 so one two three four five six seven eight nine ten oh we got the number 12

on the list with the extra 5 000 bucks we made this month because we had a ten thousand dollar total month or whatever however it works out but run your budget out on a regular budget on 5 000 and then uh because you are 100 sure you're gonna that. I mean, that's like the worst-case scenario. And then, you know, make a prioritized list of anything that didn't make the cut in that $5,000 budget and work it down when the money comes in. Work it down, work it down, work it down, work it down from there. So, hey, really good question, Peyton. By the way, you can pick up the EveryDollar app, and it'll help you do that when you're budgeting EveryDollar. You can jump in and make the changes as you go through the month,

and it helps you to facilitate that. One of the things our guys are working on, our programming up there, is to build out the whole irregular income thing for EveryDollar. But you can use EveryDollar by just going in and making the changes, and it's very easy to do and still track your money. You don't get a pass because you have a regular income. You still got to do the budget. Still got to have a plan and plan out further than the money can possibly come every month. And that way you always have every dollar still always has a name. George Campbell Ramsey personality is my co-host.

In the lobby of Ramsey Solutions on the Dead Free Stage, Andrew and Tiffany are with us. Hey, guys, how are you? Good. How are you doing? Great, thanks. Welcome. Where do you guys live? Lafayette, Louisiana. Oh, fun. Welcome to Nashville. Good to have you guys. So good to have you.

All right. How much debt are you paid off? $81,928. Good. How long did that take you? About 21 months. Good. And your range of income during that almost two years?

It was $90,000 to $150,000. Good for you guys. What do you all do for a living? We're both registered nurses. I'm a regional manager for a vascular access company. And I'm a nurse educator at a technical college. Oh, very good. Very good.

Good. Good careers. Well done. What kind of debt was this $82,000? It was a bunch of everything. Eight student loans, seven credit cards, a personal loan, personal loan car loan and some medical bills partridge in a pear tree pretty boring you guys are kind of normal yeah normal sucks it does how long you've been married two and a half years oh okay so not long after that uh you look up and

say uh normal sucks we want to get out of this. How did this all happen? Tell us your Ramsey story. Well, we had got pregnant with our second son, and I finally did a budget. And I realized that we couldn't afford to have another son. We couldn't afford to feed another baby because all of our money was going to payments. We both each had four, two jobs a piece. So four jobs as nurses making great money, but everything went to a payment. And I sat down and I did a rough draft of a budget and I just

cried and cried because I couldn't afford daycare. I couldn't afford diapers. We couldn't afford anything additional to what we already had. So I had started talking to him about financial peace. My sister had actually gifted it to me as a Christmas present, and it was in a closet somewhere. Of course. And I dug it out, and we started watching the videos and getting psyched up. And we made that first budget together as a couple, and we both just looked at it saying, oh, my God, we've got to change something.

We've got to do something different. We can do this. That's incredible. So you went from sadness to fear to anger to excitement about finding a way out. Yes. Wow. Yes. Wow. Incredible. Yeah, that budget is a wake-up call.

It's like, ah! And then you start to go, wait a minute, but we can do that and we can do that. It automatically leads you towards solutions, doesn't it? Right, right. And we noticed we started working together more, communicating more, and we just got on that same page and we just tackled it with a vengeance. Yeah. Way to go, you guys.

All right. You did it. You are officially successful. You're not a theory. You actually did it. You paid off $82,000 in debt. Very impressive in 21 months. Now, people are listening, maybe watching for the very first time.

What do you tell them the key to getting out of debt is? I would say faith and submitting to the plan, first of all. And you need to take the time to sit down. And if you're married, sit down together. Write out all your debt on paper, and don't judge yourself too much, but take a good long look at it. Come up with a plan, and then write a budget and stick to it. And I would also suggest listening to this show

as often as you can, because every show, you learn something new, and it gives you the motivation and encouragement to keep going you know george i agree with that you ought to listen to every you know what we do i'll make every minute of every show we do is important i'm kidding but thank you thanks for the promotion yeah it's awesomeness well it really kept us going well you gotta have you gotta have stuff that's just feeding your brain because there's so much crap out there that your brain turns into crap if all you do is

if you watch the tv all the time oh my god your brain will melt it's just it's just awful yeah i accidentally turned on the news channel earlier today up in my office they were trying to hook up a thing for the computer and the tv comes on and my brain almost melted before we could get it turned off. It was awful. I'm substantially dumber for that three minutes of TV that was on. Way to go, guys! I'm so proud of you! How's it feel?

Oh, free. Free, yeah. Free is good. Just heavy breaths into the microphone. Smile on your face. And just nothing can take us down. We just, nothing can come in the way now. That's good. Just heavy breaths into the microphone. Smile on your face. Free. And just nothing can take us down. Nothing can come in the way now.

Nothing can stop us as a family. We are united front, and we get to change our tree forever, our family tree forever for our young kids. More than this change your finances, it feels like a change your spirit. It does, yeah. Wow, that's incredible. And you did it for those little kids. That's our why. That was the starting point,

and that's what your legacy is going to be all about, changing that family tree, and you guys have done this. You go from worrying about whether you can feed them or not to completely changing the family tree. Wow. They look like they're eating okay. Yeah, that's good.

That's incredible. They're adorable. They are. Very well done. Good job, you guys. All right, let's bring them into the shot. They are. Very well done. Good job, you guys. All right, let's bring them into the shot. What are their names and ages? We got Hendrix is two, going on 21.

Jackson is five. Ah, okay. Very fun. Good stuff. All right, cool. That's your why right there. That's a good reason for doing it and worrying about whether you can feed them or not led you to that first budget. That's the whole thing. That's your why right there. That's a good reason for doing it. And worrying about whether you can feed them or not led you to that first budget. That's the whole thing. That's good. Good stuff.

So, Tiffany, I just want to ask you, because you were there. You were the scared mom looking at the budget going, we can't even afford diapers and daycare. Talk to that scared mom out there who's maybe doing a budget for the first time, who feels just overwhelmed seeing all the payments go out. You just, you have to look at it. You really have to look at it as something bigger than you. You have to define your why. And your why has to be bigger than any distraction that can come in your way.

You have to have that fight, that grit in you to want your family to succeed, to want to be better, and to want the best you can ever provide for your kids. And so for me, my why was bigger than anything. Car troubles, credit cars, people telling us that we couldn't do it. Anything that got in the way, it was just a distraction, and we just never let that come between us. Very cool. Well cool we got a copy of baby steps millionaires for you that's the next chapter in your story for sure without a doubt that's where you're headed and uh also a copy of total money makeover for you to give away

and uh to cause to be able to cause someone else to be disrupted in that way so good stuff you guys all right it's andrew tiffany hendrick, and Jackson from Lafayette, Louisiana. $82,000 paid off in 21 months, making $90,000 to $150,000. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! Yeah!

Woo-hoo! Oh, man. Those kids are bouncing off the walls. That's amazing. I don't know if it's the cookies we fed them or debt freedom. It's all of the above, brother. It's all similar to caffeine when you're that size. That's true. The adrenaline rush.

That's incredible. Good, good stuff, you guys. You know, Andrew said something really important, George. If the subject of money instantly causes you to be anxious, to have anxiety, to get stressed out. I've heard people over the years say, well, I just can't do math. I'm just not good at this. There's a tremendous amount of shame. Like, everybody else seems to have their act together but me now people don't say that out loud but that's that's stirred in a lot of people but you know there's a balance between that and

moving away from that kind of shame but moving into okay here's the facts i've done i'm doing some things that are destroying me i've got to stop doing those things and andrew said hey i don't remember exactly how he phrased it he said when you do the budget you got to kind of accept the the what you've done but not be not be so ashamed by it that you're overwhelmed not be so condemned by it that you don't move forward yeah i don't know exactly know exactly how you said it, but you embrace the reality of it without the shame. Instead of being crushed by it. Yeah, and you go, okay, I did three dumb things here. I'm never going to do those dumb things again.

But that doesn't mean I can't move forward. I can't be successful. It just means that that's a learning process for me. Yeah. And looking into that mirror is the first step that everyone needs to take to change. That mirror's brutal. It's hard. It's just brutal.

It's like watching our own video back. That's true. We don't have to worry about that, though, because you can listen to every minute of this show. That's right. Everything we say is on the Internet forever. Not scary at all. This is The Ramsey Show. george camel ramsey personality is my co-host today our question of the day comes from blinds.com find out for yourself why blinds.com is the number one online retailer for custom window coverings.

That's pretty amazing. You get free samples, free shipping, new promos all the time. You can save even more. Always use the magic word, the promo code Ramsey. Today's question comes from Denya in Florida. She said, I'll be getting married soon to a man who was also previously divorced. We are 55 and 45. He has property that his parents left him

that he would like to go to his children upon his death. I don't disagree, but we are struggling with a couple of issues. Is the best way to handle this to have a prenup agreement regarding the property? Also, I struggle with the fact that the place that will be our home doesn't really feel like my home. I worry that I'll spend the rest of my life improving the property only to have zero ownership of it when my husband passes. I am not sure how we deal with both of these things. Wow.

It's a great question. There's definitely a dilemma here. She wants ownership, but he wants it to go to his children instead of her. The verbiage that she's using is not greedy and grabbing no but she makes a valid point she's only 45 years old she lives there 30 or 40 years and they fix up the house with money that's also hers over the years and then it's all gone that feels unfair and not only that he dies and she's 55 years old has to move

for what's been her home for 10 years at that point or 15 years or whatever the number is. Right. And so she's got some valid points. Obviously, he does as well, because this is family property and he would like it to stay in the family. His parents left him that property. So that does put it in interesting light. Well, here's the thing. Okay?

Here's what's the argument in my mind. It's as if the past is arguing with the future. It's a good way to put it. And what are we going to place more value on, this marriage relationship or making sure this house goes to these kids so i'm trying to think what i would do if i were in his shoes and i had some property um and how do we honor her and take care of her? I'm not sure.

A prenup is obviously in order, a will in conjunction with a prenup so that everything is laid out. But I don't know how to make sure she's taken care of if this property turns around and goes to them in terms of, A, a place to live, and, B, recouping. And really, you've got the emotional loss. If she lives in that home 20 years, it's more hers emotionally than it is those kids. Yeah. And I guess I question why he wants to leave it to the kids, other than this is family property and I wanted to stay in the family.

But is she not family? That's what she's feeling like. She's the stepmother. It's a Cinderella syndrome, right, in that sense. She's not the evil stepmother. But, I i mean to the property it doesn't seem like it's it's all that you know what i think you've got to decide what you value here what do you value more he needs to decide what does he value more marriage and

the future with this lady uh if so i think they need to go buy another house that the two of them own together and they can keep this house and rent it and it can go to the kids yeah i wouldn't live there i wouldn't make my home there it feels weird to choose the kids or the wife that just feels like it's going to be uncomfortable and i think if you want to leave the if you want to keep the property in the family uh but she can't make a home there because it's temporary yeah um it's never going to be hers and it's going to affect their relationship yeah so you just can't place the stuff above the relationship the relationship you know we arrange the stuff around the relationship not the relationship around the

stuff that's what i'm doing yeah well it just seems like what is it you want to what is it your value the kids are going to be okay. I mean, you can leave them money. There's a lot of ways to bless the kids, but it feels like this property. It feels like this house is somewhat up on an idol. Yeah. It symbolizes something. Yeah, I'm going to rent it out, or I'm going to sell it, and I will leave it to them in the will.

And it can be in a prenup. That's fine. No big deal. But I'm not going to live in it, and I'm not going to make my future wife my future life live there besides that she may not want to live where his other wife was that's true yeah you know that that's also can be weird whether she passed away or whether it was a divorce we don't know but um that can be also weird there's a lot of ingredients that could create a recipe for resentment here, and that's what I don't want. Yeah, I'm not living in that house.

I'm not living in it. I think that's the answer. That's just me, and I'm trying to figure it. It's a very sticky question. Yeah, there's no clear answer. It's weird. I don't know exactly what to do with it. You're right.

It doesn't come to mind. You go, oh, that's the answer. Because a prenup doesn't solve her. No. It only solves him. A will doesn't it doesn't come to mind you go oh that's the answer but because a prenup doesn't solve her now it only solves him a will doesn't solve her it only solves him desires and problem uh you can even put in the prenup or in the will that any monies any repairs or improvements done to the home are reimbursed to her upon his death out of the life insurance or something else so you can make her right financially but you can't make it right that she lived there for 20 years, it becomes her home, and then it's not. There's a true emotional component.

She's not got control of her own home. Yeah. And that's just not going to work for me. Yeah. It's a valid question. Yeah, good stuff. Good stuff. Hey, thanks for sending that in.

That's a wake-up call right there. So is this a good idea, prenups? Oh, yeah. In general, we say don't do them. That's right. The exception is? If you've got a real high net worth and you've got a lot of assets and things going on, that's where we go, okay, maybe we need to look at this through a different lens.

Yeah, because, not because of the spouse. In all my years of doing financial coaching, the potential spouse is not the problem it's their crazy family yes people think that they feel entitled uncle louis feels entitled because his niece married a wealthy guy or his uh nephew married a wealthy lady whatever it is right and so it's just there's weird crap out there in these families man and so and if you just go if you just put up a wall and you go up there's prenup and there's you don't get anything so uh and i recommend it just for clarity and for that now i don't recommend a prenup where there's very small assets i mean it needs to be

an extreme difference like one person has almost nothing one person has two million dollars or more something like that it's not you know like one lady called and said or emailed and said uh that my boyfriend wants a prenup to um for his classic car oh wow i'm like don't marry him he likes his car more than you yikes you know this guy's not marriage material he's he's weird so yeah you know that's what i tell my daughter if they come in you know my son if they said no the they want a prenup for this little tiny stupid but twenty thousand fifty thousand dollar item that's just silly yeah so it's got to be we're talking you know a few million dollars in assets and they make just an average salary we want to make sure that those assets are protected from crazy yeah yeah

and this right here is has got a different element to it that is trying to make sure that the the family assets are passed through to the kids is all that's all they were doing there that's different than i've got to protect my assets from you that i'm this person marrying you you know that kind of thing we don't really have to protect them from you george you're not i hope not you're not gonna i'm not a danger to anyone you're not a danger not even i mean a little girl could take me in a fight so you're safe you're safe out there guys don't worry oh man not true thank you thank you for the vote of confidence i've seen you you're vicious you're a vicious a vicious. I'm scrappy. You're scrappy. You're scrappy.

Oh, man. Open phones at 888-825-5225. Yeah, this idea that when you can agree on your spending, you've agreed on your future goals, fears, your value system. And when you can agree on things like the balance sheet, like who gets the house And, you know, you're coming into a relationship. One of you has got an imbalance. There is an imbalance of assets. One of you has got a bunch. One of you doesn't have.

Then those are the kinds of things that it's really healthy to talk about because when you do not get all those cards on the table played face up in a relationship, that's when you get into problems. And we see that all the time. But it's a different spirit that we're talking about versus the traditional prenup where you're going hey this all goes south man i want to make sure i'm covered yeah i always think of that george cluny movie you know oh yeah yeah the uh the massey prenup has never been broken you know it's just great it was a great movie a little payback and uh but anyway yeah it's that that's the ultimate

prenup movie right there's clips from that we should use when we're teaching this but we'll get the rights except we violate

copyrights and that kind of stuff but anyway oh good job George good hour fun times people in the booth

the booth people did a great job today booth folk booth folk that's what we call them this is the Ramsey Show. Hey, it's Kelly, associate producer and phone screener for the Ramsey Show. If you would like to do your debt-free scream live on the show,

make sure you visit theramseyshow.com and register. We would love for you to come to Nashville and tell Dave your story.