The Ramsey Show - App - Should I Take a Pay Cut for a Less Stressful Job? (Hour 1)

Episode Date: July 23, 2021

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studio, this is The Ramsey Show, where America hangs out to have a conversation about your life and your money. I'm Christy Wright. I'm a business coach, author, and speaker, and I'm joined today by one of my good friends, number one best-selling author and host of the Ken Coleman Show, Ken Coleman himself. What is happening, Christy?

It's Friday. It's Friday. Which is fun. I love hosting on Fridays. Do you? I just feel a little extra feisty and excited about the weekend. Okay. So this is going to be fun. It's going to be a fun show today. I want to warn everybody, when you've got some extra feisty Okay. So this is going to be fun. It's going to be a fun show today. I want to warn everybody,

when you've got some extra feisty, that means it's going to be really, really good. So if you've been wanting to get a question answered by Christy, today's the day. We've got some extra feist. You just never know. You never know what's going to happen on this show. Listen, 888-825-5225.

Ken and I are here for you. We are taking your calls answering your questions of course we're always taking your money questions ken is an expert on career and purpose let's take those calls you got a call you didn't get into his show calling in his show call us here we'll answer it live on air as for me i love helping you with business. Y'all know I love all things business, side business, small business.

I have my book Business Boutique so we can always take your business calls. But I'm currently in a theme of talking about a different topic which is balance.

Right here. Right here. Here it is. Take back your time. The guy's down in the control room. Look at that. Look at that.

That baby is hot. So hot I should have put some gloves on. It's available for pre-sale. That baby is hot. So hot I should have put some gloves on. It's available for pre-sale. Take back your time. The guilt-free guide to life balance. And if anybody understands this,

it's you. I mean, I wrote the book I needed. You are a brand new personality. You've got three kids, a husband who's a very successful professional. I mean,

you got a lot of plates spinning. So why'd you write this? You know, I wrote the book I needed, Ken. Is this what we all do? Always works. But it's so funny you say that because this book, I wrote this book over a year ago, you know, with the whole process and stuff. But I feel like I'm in a season where I'm living this out, living out my own principles in a whole new level because I don't, I think

you know this, but I started seminary a few weeks ago. I did know that. So just add that. Very impressed. Add that to the schedule in terms of managing your time. But here's what's interesting. I think that whether or not you have little kids, older kids, no kids, male or female working outside the home, inside the home, we all have this sense that things aren't

right, that we're failing, that we don't have enough time, that we're out of balance. And so when I started going down this path, because I've been talking about this for over a decade, speaking at companies and stuff on this topic, I wanted to talk about it in a new way. I wanted to get beneath the surface of the calendar and the schedule and the time management apps and productivity tips and talk about why we feel that way in the first place, and let's solve it there so that we can fix the root cause, and then, oh, by the way, that will fix our calendar. So, as Ken said, take back your time. The Guilt-Free Guide to Life Balance is available for pre-sale.

When you get your copy in pre-sale, you get the e-book free, the audio book free, a ticket to my event in September free, and a bunch of goodies. So get your pre-order copy, and it will be mailed to you September 14th. Let's take some of those calls, too. Obviously, everything we mentioned, and Christy and I, both of us love to tag-team the calls, not just on the money stuff, but also, hey, I think I've got this. I want to do this.

How do I best go about it? What's next for me? What's my next step? So we're going to uncover the emotional as well as the practical around living on purpose, whether it's starting that side hustle or making the change. Some of you, you're killing it, and you just feel like the water is rising, and Christy can help there. So we really want to open it up because we know there are so many of you out there who are getting after it. And this topic topic this book um

is so relevant so hey don't be afraid to call in uh christy you know we do this on the ken coleman show a lot and i want to mention it some of you are hurting today and you need to talk to christy on this particular topic or us on finances or or work getting that bigger show whatever it is and because it's the second largest show in the world on radio, you're feeling like, I don't know. Well, we'll change your name. Change your location. Kelly will do that.

Because we want you to call in and feel like you can be vulnerable and safe with Christy and I. But we'll change your name. We'll change your location. If you've got a sticky situation, you have that safety. So I just want to mention that. No, that's good. 888-825-5225. Ken, I actually have a question for you

as we kick off this show together today. And I think this is going to be fun because I often get questions about where do I find my business idea? I want to start a business. I want to do something next. And I know you get similar calls, maybe not specific to business,

but what's my next step? How do I know I've got this itch? Let's put it that way. I've got this itch to do something. I'm feeling stagnant. There's nowhere really for me to grow in my company. What's next for me? I'm curious when you get these calls how you advise people because I know you get them.

And there's a lot of different options for that next path. So let's just start there as we kind of kick this off. And maybe we'll get some calls about career inside business and what the next step is. So when somebody calls in and says, I've got an itch, I know that there are some ideas

behind the itch. But a lot of times people will call and they'll present and say, I really don't have any idea. And I've gotten to the point now approaching 5,000 callers where I know that's not true. So the first thing I'm going to say is,

that's not true. You have an idea. I know you do. The very fact that you go, I know I'm not supposed to do this, means that your brain and your heart at some point have connected, and there's something that you're thinking about. So I want to dive into that. And we begin to say, okay, what's behind the itch?

And so there's an idea. It may not be a well-flushed-out idea. It may just be, I kind of want to work with blank. And when we can begin to get there, now we want to dive deeper. And Christy, you know my methodology that helps people with clarity and then the confidence to step out. And that is, okay, let's look at this idea. What talent would you need? What skills, hard skills, soft skills, would you need to be able to pull this off? So they'll tell me, and then we'll walk through it.

Okay, great. Because talent, folks, that's the tools. I mean, that's your tool belt. So you look at your hard skills, soft skills. So soft skills, people skills, hard skills, something that you're physically doing or mentally doing that's a skill. Think of those as the tools you'll use to do the work that you love. you've got to say okay do you what do you love about this idea what about that idea what work involved task function role is connected to this idea and they begin to identify actual work okay so maybe

for somebody who wants to be a teacher they go i love communicating i love. I love connecting. And I love instructing and helping people with the light bulb and in the conference to do something with the light bulb, whatever it is. So then we identify the work itself. I love this idea of the work or I love the work. I've done this work before and I love it. And then the third piece, Christy, is missional result. So all work creates results.

So what results do you want to put into the world? What contribution do you want to make with your work? That's mission. So talent is what I do best. Passion is what I love to do most. And mission are the results that I want to produce. When those three indicators get in alignment, your professional purpose statement is essentially filled out. I use what I do best to do work I love to produce results that matter to me. So whether that is an entrepreneurial venture or a career path working for somebody else, that's how you get clear. And as you know, clarity leads to confidence and confidence leads to courage. And that's how you step out.

It's so good. It's so good. And it's so practical too because people need these steps because there's people listening right now that have an idea and I love that you dig it out of me and say, no, you have it. What is it?

Yeah, that's confirmation. That's right. That's it. It's good. It's good. This is They Wright. As a business coach, wife, and mom, I know that running a business can be overwhelming, but it doesn't have to be. That's why I created the Business Boutique Conference to give you the inspiration and practical steps that you need to chase your

version of success. This three-day event will once again be in Nashville on October 14th through the 16th. You can join us in person or you can attend virtually as a member of our live stream audience. We'll be covering topics like marketing, sales, social media, business money management, and so much more. And joining me will be Dave Ramsey, Anthony O'Neill, Jasmine Starr, Nona Jones, Bianca Olthoff, and more. Don't miss it. Join us in Nashville, October 14th through the 16th

for the Business Boutique Conference. Text boutique to 33789 to learn more. Again, text Boutique to 33789 to learn more. This event is brought to you by Christian Healthcare I'm Christy Wright. Sitting in with me today is Ken Coleman, my good friend and Ramsey personality, number one bestselling author, host of The Ken Coleman Show, which is available every weekday on Sirius XM, your local radio station, and wherever you listen to podcasts, we are here for you. We're taking your calls, 888-825-5225.

Of course, we are always ready to answer your money questions, whether that's questions about what to pay off next, how to get out of debt quicker. Something that we really love to talk about is how to help you earn extra money to pay off that debt. Maybe you need a bigger shovel. You're in baby step two and you're like, gosh, I feel like I'm never going to get out of debt. Well, I love that.

We can talk about side businesses, part-time jobs, getting your income up. Getting promoted. Hello. Promoted. And I got to tell you, you're the queen. Your business boutique program, your coaching program. I mean, if you've always had this idea of a side hustle and you feel like you got to tell you, you're the queen. Your business boutique program, your coaching program, if you've always had this idea of a side hustle, and you feel like you've got to go work a second or third job to get out of debt

or maybe to fund getting qualified to move up, and you're going, I don't know, give Christy a call. I promise you it's not as complex or scary as you think. So many times working for yourself, Christy, is a better option than going to work for somebody else in a second or third job. Let's talk about a specific example real quick. And then we've got some calls coming in. So I want to go to the phones. Let me tell you, Ken, my mom built this cute little ice cream truck stand thing. Okay. She built tiny houses for fun in her retirement. It's a whole thing. I realize that's not normal people.

Really? It's adorable and hilarious. Meaning she's selling them? No. No. This is just for herself. Just for fun. She donates the tiny houses to the homeless. That is killer. She's amazing.

I knew she could bake. I didn't know she could build. Nor did I. You didn't either? Nor did I. So you're like over at her house and you hear a power saw in the backyard. Yes. And you walk around and you're like, mom? Yes.

And she's got a tool belt on? Yes. Yes. Okay. So she builds, are you ready for this? She builds this ice cream truck on a trailer that she brings over to my house and we set up a little ice cream stand in the neighborhood that Carter's going to run because Carter's dream when he grows up is to be an ice cream man.

How awesome is that? So I think, I picture this Saturday, I put it out on Facebook in our neighborhood and I said, hey, we're going to do a little ice cream stand. You know, so cute. Sure. I'm picturing that I'm going to sit in a lawn chair. My son's going to make $2. This is a great business lesson and we're all done.

Right? Like it was a fun activity. Sure, sure. Ken Coleman. Oh no. He made $200 in like two hours. He doesn't even know what $200 is. That's phenomenal.

No, but I thought, what are you... Was he doing the scooping and everything? Well, it was like ice cream sandwiches. We got to keep it simple for a six-year-old. I was going to say, that's impressive. But the point is, the money you can make when you start a side business or a small business... He's six years old. He made $200 in two hours, you said?

Yes. Yes. Yeah, and I'll bet people are like, when is Carter going to be back? I get asked every time I walk through the neighborhood, when is the Carter's Ice Cream Truck coming back? So if you and Matt sat down and said, okay, well, let's see. Let's come up with a schedule. What's our plan for the Ice Cream Truck?

He has no concept of what this even means. Does he have a name? It's Carter's Ice Cream Truck. It's real creative. But listen, the point is, the point is you can make a lot of money when you do your own thing. The sky is the limit, especially if you're trying to get out of debt.

Yes, you can take a part-time job. You also could have an ice cream truck and be getting out of debt. Me thinks Carter's ice cream truck ought to show up at Ramsey Solutions next Friday and he'll make two grand. We would not even have the inventory for that. That's so true.

Let's go to the phones. We've got Cynthia in Mobile, Alabama. Hey, Cynthia, how are you? Hi, how are you? Good. How can Ken and I help? Well, first of all, thank you guys for the show and thank you guys for coming to work to do this line of business today. So I have a few questions

that sort of piggyback on each other. First of all, to you, well, to Ken, you gave me some advice about six months ago. I hesitated,

hesitated, hesitated. I just pulled the trigger. I let the day job go. You did. So that was the grandest thing. So I brought back my time.

Thank God. Yes. So what are you doing? I feel so good about that. So fill us in. What did you, you quit the day job to do what? Well, I had another thing going that I've been doing for the last 20 years or plus that I absolutely love,

and that's been a notice signing agent, which goes out to a person's home to close these real estate deals. And the market is absolutely phenomenal. I can't even buy time to do all the work, okay? So, absolutely love that, but I'm just trying to be realistic and think, okay, so what can I pick it back off this? So, if everything's not selling, then what's going to be the backdrop, the opposite of this to study now to launch myself when sales sort of dissipate and go to other directions, I guess the rental market would go up.

And so I'm just trying to think what along that line can I do to be prepared? Yeah, so you're saying what's next for you? Yes, definitely. I have an idea that I want to do. I think it would be so phenomenal to work with Mama Bear and do these wheel kits, but people don't want to address the issue. I don't want to talk about the subject, and I just figured I can cater it to where I come to your door. We sit and have a talk. You tell me what you want. I put it in paper. We get some sample wheels. We write it all down. If you want

to do a follow-up meeting with the family, then there you go with your presentation. It's trying to figure out the pricing of that and other things on that line. Cynthia, why wouldn't you try that other than the fact that you're so busy in real estate right now, you'd have to carve out some intentional time, but Christy knows how to help you do that. Why wouldn't you try that because you have no pressure right now? I've done a few of them, but I even ask all of my family members, okay, I do you guys for free just so I can get some leverage under my

belt, you know, some expertise, but nobody is a goal forward. Nobody wants to talk about it. No, they don't. I say, wouldn't it be better for you to put plans in place, you know? Okay, so... I mean, I've done a few obituaries for family members, you know? Okay, so I can... I mean, I've done a few obituaries for family members,

you know, just out of courtesy, but I think it's just so important to have the real kid in place, you know? Sure. Well, we talk about that a lot of times on the show. I mean, it's such a gift to your family members that you're leaving behind. Here's an idea, Cynthia.

I'm just going to throw this out there. So when we sell our graduate survival guide, our teen products, we're not really selling it to the teenager, right? We're selling it to the uncle that wants that teenager to not go into credit card debt, to live,

you know, Dave's principles and so on. So you're who you're selling to is not the recipient. I wonder if you don't reach out to the younger generation, the adult children of the people that actually need the will, you know, that you're talking about because there's a more of an incentive for them to have their parents do it.

Like I have any time that someone has passed away, whether it's someone that I know in our community or even, you know, extended family, I go to my mom and I'm like, where's your stuff? Where's your stuff? What do you want?

I know this is hard to talk about, but I'm your only child. I want to honor your wishes. This is not fun for me or you, but where's your stuff where's your stuff what do you want i know this is hard to talk about but i'm your only child i want to honor your wishes this is not fun for me or you but where's your stuff so i am highly motivated for my mother to have this put together because i want to honor her and so i wonder if you're not if you stop marketing to the people that don't want to talk about it rightly so and you instead reach their children their adult children that have some skin in the game have a little bit more incentive for their to honor their parents children that have some skin in the game, have a little bit more incentive to honor their parents. Is that something you might want to try?

I love that angle. I love that angle. Cynthia, I'd add one thing. I think Chrissy's absolutely right. But I also think that you might want to adjust your approach. Instead of wanting to sit down and talk about someone's impending death, why don't you focus on the actual pain points around the will kit? Do you understand what I'm saying? And Mama Bear's done the hard work for you, and they spent hundreds of thousands of dollars on marketing.

And I would lead with the pain point. And what I mean by that is it's almost in the form of a question. And if you can do that via email, social media, maybe a text, and just a quick mention to somebody, and leave them hanging with it. Make them lose some sleep at night over, hey, if you were to die tomorrow, would your estate be in good hands? Would it be easy for your family? Whatever those pain points are, and Mama Bear lays those out for you.

But instead of, hey, can I come sit down and talk about your death and what we need to do? I'm just saying, I'm not saying you're putting it that way, but it's all about pain points and it's all about just leave it with somebody. And I would begin to kind of pepper that in, maybe even on social media and your network there and begin to just confront people with maybe a one sentence question and let people wrestle with it. Let them come to you. That would be a thought. And just keep trying. That's what business is, Cynthia.

You know this from real estate. Yeah, don't quit. You don't sell the very first house to the very first person. You just keep trying. Try different language. Try different branding. Try different approaches,

different pain points, different people. Just keep trying. You got this. This is The Ramsey Show. paying off debt is smart saving and investing is smart but there's one key to winning with money that is often forgotten that's protecting your family from emergencies there are 10 kinds of insurance coverage you might need based on your life stage and we've built a tool to show you what coverage you need to add drop or adjust or adjust, and it only takes five minutes.

We'll even rank your to-do list by importance and email it to you so you can get your plan in place fast. It's called the coverage checkup, and it could be the most important five minutes you spend today. Donald H. wrote in, and I like how he put it, for anyone who has not completed this checkup, do it now. You never know when something will happen, and you never want to leave your family in a bad situation. We were just talking about that.

Get out your phone and text CHECKUP to 33789. That's CHECKUP to 33789. Don't let an emergency sneak up on you. Protect your family now. Ken Coleman and I are taking your calls. 888-825-5225. Don't let an emergency sneak up on you. Protect your family now. Ken Coleman and I are taking your calls, 888-825-5225. And we are talking about money always here on the Ramsey Show. But Ken and I also love to help you figure out what your purpose is.

Is that a promotion? Is it a job change? A new company? A new position? Is it a side business or small business or growing your business? Maybe it's something else. And of course, because we're celebrating my new book, Take Back Your Time, being on pre-sale, we are always talking about how to manage your time. And the correlation between managing your time and managing your money is pretty consistent. No question. It's amazing how you need time to make money and how that affects your

ability to do one or the other. So give us a call, 888-825-5225. And we're going to go to Brian in Flint, Michigan. Hey, Brian, how are you? Good. How are you guys? Great. How can Ken and I help today? Well, I'm kind of in a predicament here. I'm a diesel mechanic by trade. Sorry, I'm a little nervous. That's okay. Take your time.

What I got going on is I'm kind of in a toxic work environment. I've got a job offer on the plate, and it's more per hour, but we're trying to get out of debt. If I did my numbers right, we'll be out by March staying with my current job. Um, I work 60 hours a week, if not more. So there's no, no real home life in our land. This new job is no overtime, a straight 40 hours, but only $2 an hour more. And the insurance is more expensive.

Benefits package isn't 100% there. Like I said, my current job, it's a lot of overtime, a lot of, you know. Yeah, Brian, let me ask you this. Brian, so I'm assuming you called us and you've run these numbers. And what I mean by numbers is have you run the numbers on, okay, you've got a $2 an hour bump, but it's back to 40 hours. How does that compare with the 60 hours you're putting in now uh with your current rate and then the cost of the uh the benefits going up and everything so

if you run the side by side between current job and new offer have you done that if if i keep the overtime and i run it it's about almost 30000 a year less to take the new job. And that's where my predicament is. It's like, well, if I stay at this track, we're looking at March to be out of debt. Well, but you also have to take into consideration, Brian, that you're freeing up 20 hours in your week that you could go take another part-time job, do something else that brings you joy, gets you out of this toxic environment, and you're still able to up your income a little bit to maybe still stay on track. Okay. That's a possibility.

You know what I mean? That's an option on the table. When you called us, you gave us an either-or. Which way were you leaning before the call started? You know, I've been leaning both ways it's like do i stick it out just to make sure you know make us pick out our plan brian brian brian brian i want to know i know you've been going both ways but you were leaning one direction i just know it which way were you leaning before you called us partially sticking with my my job

currently yeah and the reason is is because you know what you've got there you're working 60 hours you keep this up and you can you can gut it out you can keep it going it's not fun but march is going to be here before you know it so my question is let's go to the future, okay? Because I think this is almost a false choice for you. It's less about dropping back to 40 hours a week, okay? And it's more about what's the future look like. So let's fast forward to March. You're out of debt, okay? And you've been working so hard.

And let's say that you backed off the overtime. What would you be wanting to do long-term? Do you want to stay as a diesel mechanic, or would you want to move into something else, or do we stay as a diesel mechanic where we are, or diesel mechanic somewhere else? What's that look like? It's always been my passion to be a diesel mechanic. Great. So are you thinking you're going to drop back on the hours after we get out of debt in March?

I would hope to. Well, wait a second. What do you mean you hope to? Do you not have a choice right now? I do have a choice to drop it back or continue pounding out the hours. Well, but you said there's no home life.

Who's on the other end of that, and what do they feel about you staying at 60 hours a week after we get out of debt? I got a wife and daughter, and they—wife would like to see me home a lot more. Well, I got to tell you, speaking as the resident husband on the panel, I would do that. I would be gazelle intense. I think she's probably on board with the 60 hours for the reasons. But I would then start to drop back and maybe kind of wean yourself off of the 60 hours because you want to get to baby step three, that emergency fund as well. But I would do that. So I got to tell you, I wouldn't take the new job based on what you're telling me.

Christy, you see anything else there? You got anything else on that? No, I will say, though, I don't like situations where I feel painted in a corner with two bad options. Bad option here is I'm taking a $30,000 pay cut. Bad option here is I'm staying in a toxic work environment. I just encourage you to look at other options. So, Brian, you can stick this out. March will be here before you know it.

If you were saying this is three years from now, we'd be like, okay, let's assess a different path to get there. Staying on this path and be like, hey, we're just going to buckle down for this season until March. We got our eye on the prize. We're so close to the finish line. You can do it and you will do it. But it's not a bad thing if you want to explore what it would look like to fill those other 20 hours. So you're not home anymore, but you may be happier. You may be earning income in those 20 hours. That's an option on the table. But I think Ken's right.

The low-hanging fruit, the quickest win, is to stick with what you've got, what you know, has good benefits, has the income you need. And then in March, you reevaluate what you want to do, evaluate your pay, evaluate your schedule, evaluate everything because you're debt-free and you've got some more margin and flexibility there that you've worked so hard for. Yeah, and I would lean into the toxic part. I think that's right. I think I'm hearing toxic thrown around a lot. I get it. But that is a very good point, and I do think that if it truly is toxic,

then diesel mechanics are always going to be needed, whether it's diesel-specific or just your mechanical abilities are so transferable. So in that situation, Brian, now we're looking for a different opportunity. So you would be doing what I call doing the right thing in the wrong place if it truly is a toxic environment. I believe that there's definitely some difficulties there, but you're just looking for a different place where whatever's going on in that workplace is not happening as much. So I'd sit tight and then let's look to move on after we get out of baby step two. We appreciate the trust and appreciate the call. And that really is a tough situation where you're gazelle intense and you're going, good grief, this is exhausting. It is.

And I think that's the other thing too, where it's like, you can buckle down for a season and we all have to do that at times. But maybe there's another path there. If not, then you buckle down for that season. And when March comes, you open up your options. For anyone listening right now, if you are feeling so busy and you don't know why, you're feeling out of balance. You're feeling like, I'm exhausted all the time and I have no idea how I got myself in

this place. Text BUSY to 33789 and take my life balance quiz to get to the root of why you feel that way and what to do about it. That's BUSY to 33789. This is The Ramsey Show. Christy Wright, sitting in with me today is Ken Coleman, and we're taking your calls about life and money 888-825-5225 and we are going to go to Augusta with Kendall. Hey Kendall, how are you? Doing wonderful. How are you guys doing? Good. How can Ken and I help? Awesome. I would just call and ask a question. I'm a travel nurse, and I've been working like a madman trying to pay down my debt. I've currently paid off about $30,000 in about four months.

Awesome. And I just paid off my car. I did a stupid thing, as your dad would say, with my car, and I had to move it along. Hey, he's not my dad, Kendall. It's a real thing. Everybody thinks he is. I just feel like I need to clarify for America that Dave Ramsey is not my dad. Can we just have a moment? Yeah, he's not my dad, Kendall. It's a real thing. Everybody thinks he is. I just feel like I need to clarify for America that Dave Ramsey is not my dad. Can we just have a moment?

Yeah, he's not. I'm flattered. I'm sorry. I'm sorry. Ken, everyone thinks he's my dad. I get this on social media all the time. Kendall, continue. Just want to clarify.

He has a daughter, Rachel Cruz, who's a personality. He has a daughter, Denise Whittemore, who works for the Ramsey Family Foundation. I'm a Ramsey personality, not his daughter. Now we can go on. Kendall, let's have it. You paid off your car. It's not like we needed to clarify that for America. Sorry.

So I paid off the car, and the car still showed its value fairly well. Of course, it's going to depreciate. So the car now is probably worth between $13,000 and $14,000. And I'm turning away, and probably by the end of December, just of my own, just working the way I am, I'll be able to knock out the rest of the credit card debt that I have, as well as a personal loan that's probably about $10,000 left on that. I'll be able to take care of both of those by December. Well, me just trying to be, you know, overzealous. Should I sell my car that's paid for and use that $13,000 to further knock down my debt and just buy a little cash car just to get around with?

And I'm a travel nurse anyway, so a vehicle that I get is going to have a ton of mouths put on it. It just needs something to get me to where I'm going towards my next assignment is concerned. Or should I just stay on track, keep working like I am, pay off the debt, just using my job and my income, which I'm making pretty good money at this point, and just keep my car and don't worry about it? That one. That one, Kendall. Because, listen, you need your car. It's incredibly important to the work that you do.

And you're so close. I totally hear in your voice you're just excited and to the work that you do. And you're so close. I totally hear in your voice, you're just excited and you want to fast track this. And we get people calling in all the time that have that gazelle intensity, which is awesome. But then they're finding ways to try to get around the plan. Like, oh, I'm going to take out my retirement to try to pay off the debt faster. No, no, no. Let's just stick to the plan. You got this. This is a marathon, not a sprint. I want you to pace yourself. You're doing great on the plan that you're on. You're being super aggressive already. You're going to have it paid off really soon. And oh, by the way,

you need that car. And so even if you sold the car and then had to buy a new car, there's a cost in the headache and even financial of going through that process. And I just honestly, I just don't even want you to have to deal with it. So keep the car. Keep the car. Stay on the plan. And you will be debt-free before you know it. But I love your enthusiasm. I think that's awesome. I think you're just excited. But just stick with the plan.

You got this. All right, we're going to go to Ellen in Chicago. Hey, Ellen, how are you? Doing good. How can I help? What do you got going on? Well, I have a chronic medical condition. Okay.

And last year I spent a huge amount of time in the hospital. Oh, I'm sorry. This year I spent, I've had two hospitalizations. Luckily, I've not been in the hospital for three months. So I'm very grateful for that. However, I'm looking to the future. Eventually, this is going to force me to retire early slash go on disability. I'm sure. And I don't want to do that. I don't want to go on disability. So I'm looking, I closed a side hustle I had that was just leaking money right and left.

And I had no idea on the finances and stuff, and I closed it. But temptation is going back to doing the same thing, which was selling on eBay and Etsy. I will not sell on Amazon ever again as a third-party seller. But other things I could think about is, you know, obviously the financial coaching through you guys, but what I really want to do, and it's a very, very tiny niche market, is I am a hand spinner, which means I make my own yarn. I'm also somewhat of an expert in different breeds of sheep. And there's a possibility,

there is basically, you know, festivals throughout the United States and guilds that would hire people to give presentations. And that's really the thing that I would love to do. That was kind of the first thing I wanted to do back in the back. And, you know, there's a push for me to go, you've got to have something that's going to bring in a reasonable amount of money. And there's a fear factor of, you know, imposter syndrome going on with this. How much money do you need to bring in if you're not going to be on disability? If I'm not going to be on disability, I would need to probably bring in at least $30,000 to $40,000 a year.

And I'm guessing this hand-spin spinning craft show thing will not bring that in. No. Right. No. Okay. So I'm not opposed to you pursuing that on the side kind of for fun, almost like a hobby and bonus money where it's like when those shows come up and if you can get books to do that. But that's the bonus money. That's not the primary plan because it can't support you financially. And the last thing you need when you already have everything that you're dealing with, with your health, Ellen, the last thing you need is a financial burden of having a business that does not bring in the money that you need to live on. Because just like Ken and I were talking about earlier, business can support you. You can choose a business outlet. You can choose an industry.

You can choose a path that can bring in not just good money. You can choose one that brings in great money. And so I want you to figure out what that is and do that as your main thing. It doesn't have to be going back to eBay. It could be something completely different. You already know how to start something. So that's a great step in the process. But it needs to be something

that can support you. I got a question, Ellen. Question for you. Real quick. I'm going somewhere. I don't know if it's going to lead anywhere. What talent or skills do you have that makes you a good yarn spinner? Forgive my ignorance. This is true ignorance. But are you, is it sewing? Is it, help me out. What is that? Okay. I am a teacher. Okay. My current position, Ken, is I am the IT help desk, service desk agent. Okay. I am best on the phone, walking people through either doing troubleshooting, which I'm very good at, or teaching them how to use Outlook or Excel or what they need to do for requesting certain type of information. Okay, let me ask you now. So you don't have to share what the chronic, but what it is, if you're comfortable, tell us. But I'm asking to say, how will that affect your ability to be

on the phone with people or via Zoom and walk them, guide them, instruct them through some type of technology process? How will it affect that? If I'm on the phone, I'm good. I have chronic digestive heart failure. Okay, gotcha. And which also have a few, you know, some other stuff that goes along with it. Gotcha.

All right, let me ask you this because our time is limited. We've got about a minute, so I'm going to move really quick, okay? Okay. So your specialty is guiding and teaching in the technology field, yes? My specialty is guiding and teaching in the technology field, yes? My specialty is guiding and teaching in anything. Anything. I used to teach at a community college. Okay, so here's what I want you to do, Ellen.

Here's the homework assignment. I agree with what Christy said as the hobby, but because your heart failure and any of that, that's not going to preclude you from teaching and guiding people on the phone and with the Internet. And I'm telling you, with the movement that we've seen post-pandemic to online teaching, because you were a community college professor, I would look into online teaching. My wife has got a dear friend from our time in Atlanta, and she went from high school teacher to full-time online teaching

adults and continuing education. It is an exploding industry. I want you to look into where you can teach and what you can teach online and do that from home, anywhere you've got a computer. I think that's a good direction for you. Ellen, stay on the phone. I'm going to have Kelly give you a ticket to the Business Boutique Conference in October.

You can attend via live stream. You don't have to come in person. October 14th through the 16th, those speakers and that content will give you what you need to figure out your idea and get it off the ground. You can do this. I want to thank producer Ben, associate producer Kelly, and my co-host Kim.

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