The Ramsey Show - App - Slow & Steady Wins the Race (Hour 3)

Episode Date: September 27, 2023

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Dr. John Deloney, Ramsey personality, number one best-selling author, host of the Dr. John Deloney Show, is my co-host today. This hour, we're going to be talking about one of my favorite subjects, Baby Steps Millionaires. People have become millionaires. We want to talk to real millionaires. You see, when I started doing this radio show in 1992, over 30 years ago, I had this idea, and I still do, that if we taught gods and

grandmas ways of handling money, live on less than you make, have a written plan, get out of debt and stay out of debt, steadily invest and save, and be outrageously generous if you do those five things consistently in your life that over a period of time you would become wealthy it's a mathematical fact number one but number two it's just the fastest right way to become wealthy and now here i said 30 plus years later and there's lots of you have become millionaires doing this stuff lots of you and if you did it following the baby steps we call you a baby steps millionaire you do not have to be a baby steps millionaire to be on this show today but you do need to be a millionaire and for some of you that are new to this let me help you with this a millionaire is an accounting term it's not a feeling i don't feel like i have much it doesn't matter what you feel

couldn't care less about your feelings this is not a feelings show that's john's show uh it is uh no one should have that much money well this is not a moral construct it's not a discussion of wealth inequality although i can go there if you want me to. It's not any of that. A millionaire is simply an accounting term. It's your net worth. Well, he's a net worth millionaire. That's the only kind of millionaire there is. It's a redundant statement, okay? Your net worth is what you own minus what you owe, assets minus minus liabilities when that equals a million dollars regardless of what the assets are regardless of what the liabilities are when assets minus liabilities own versus owe equals a million dollars you're a millionaire and it's not

as much money as it used to be it might not be enough to do some of the things you want to do but it's more than most people have there There's about 17 million millionaires in North America. So they're out there. They're all around us. I meet them every day when I'm doing the show. Every single day when I take a break during this show at a commercial break, I walk outside and someone comes up to get their picture taken with me. I sign a book or two and I always meet at least one millionaire every day. And they came by to say, Hey, this is the place. This is where I learned all this stuff. This is how it's almost like a, a visit to a shrine that caused them to be able to do it. And obviously we didn't do it. We didn't give

them any money. We just said, you could do it. We made you believe you could do it, and we showed you how and what the steps are and the tactical moves with money, but there's no magic pill here, and here's the truth. It can be done, and we're going to prove it by talking to real millionaires today. Blake is with us in Nashville. Blake, what's your net worth? My net worth is like $5 to $6 million. Good for you. Okay. Give me a little breakdown by category on that. Yeah.

So I've got a couple million dollars in stocks slash mutual funds, a couple million dollars in a real estate property, and an evaluation of a couple businesses between, you know, $1 million to $3 million. Okay. All right, in a business. And I got about $100,000 cash on hand. How old are you? I am 32. I should be 33 tomorrow. Wow. Happy birthday.

And how much of this $5 million did you inherit? Zero. The only thing I inherited is common sense sense and financial sense so that's uh that's one thing i've inherited but no dude five million at 33 is pretty stinking impressive from zero yes sir thank you so what has been your best year income and your worst year income since you've been working the last 13 years or so well i own my own business. And, of course, starting off, I took no income 13 years ago. But my highest year would probably be last year and did right at seven figures, right at a million. And then this year, we're looking at doing about $60,000 to $70,000 a month.

Okay, and we're talking about profit here, taxable income. Yes, sir. Way to go, man. What kind of a business have you got? Actually, it's a martial arts school. I do own some properties too, but I grew up doing martial arts. And when I was 19, I opened a school and that's been the rest of history. So it's been very fortunate to be able to take a passion and make a career, not only change my life but those around me as well.

Very cool. You have a four-year degree? Yes, I have a degree in business finance. What was your GPA? I graduated in 2012. Gosh, probably 3.6, 3.7, something like that. Okay. So you would say, I think, if I'm listening to your story correctly,

that the way you became a millionaire was you were very successful in business. Correct. Yeah, I've always tried to learn from other people's experience and wisdom and try not to duplicate some of their mistakes. And, yeah, just a lot of good decisions and planning things out. I lived with my parents until I was about 26, so you have to pay everything off and make sure that I was financially set. I spent some time doing martial arts myself,

not nearly with the lifelong commitment you've made. How much of that slow and steady and just discipline and doing the same things over and over again. How much of that have you used in the business world? Because it sounds like you've, like if I look back, you've moved really quickly to gain this much net worth. But at the same time, it sounds like you've just been pretty methodical and pretty wise about your next steps. Yeah, I think that, you know, martial arts, the self-discipline that comes with martial arts, I started when I was eight years old. And I think that the discipline that I learned from that kind of bled over into my being able to make good financial decisions.

And I tell my students, before you can learn to do something, you have to learn to do nothing. And just take your time and think and plan things out instead of making irrational decisions based on emotion. Wow. Okay, there's a 19-year-old version of you out there. What do you tell them the secret is? I think it's kind of a two-part secret or answer, I guess, but I think the first thing is being able to find a mentor, someone that you look up to,

whether it's based on your financial goals financially or whether it's a relationship or faith, and then follow them, listen to them. And then part two, like we just touched on, is being able to have the self-discipline to follow through with it and do it consistently. Dude, you're a stud, man. You're a hero. Well done. That's absolutely amazing.

Starting from nothing and $5 million at 33 years old. Happy birthday. Wow. Leave your contact information with Christian on the phone there, because I've been looking for a school for my two kids, and you're exactly the kind of man that I want my kids learning from. So leave your school info. You just knocked my socks off my man

very cool good stuff man good stuff this is a baby steps millionaires theme hour on the ramsey show it's a baby steps millionaires theme hour dr john deloney ram Personality, is my co-host today. Open phones at 888-825-5225. As we take questions from only millionaires, actually, we don't want to take questions. We're actually going to give you the questions. We're going to interview you and find out how you got here. The misnomer is that millionaires can't happen in america today unless you're a movie star or a sports figure or a music icon of some kind and the truth is among people that have a million dollar net worth

or greater those three categories put together account to less than one percent of the millionaires hey you wrote about a thing in baby steps millionaires that it was a light bulb moment for me i would love for you to talk about a little bit you have a section called millionaires are not billionaires and i thought that was an instructive conversation to have well yeah it's it's um i think sometimes when because the the whole thing on millionaire became a thing in the 20s. Because a millionaire then was a lot of money. That's a billionaire.

In the 1920s. Probably a billionaire, yeah. And so it was like the game Monopoly was developed about that time, right? And so everything was around this idea of acquiring and building a net worth of a million dollars because that was rich. That became the definition of rich. Easy street. You're going to be on easy street. And so then, but what has happened is over the years then,

the people think it's not attainable to become a millionaire, which is a really good place to be as a minimum starting point going into your retirement. It's not necessary that you're there to live, but that sets you up for a pretty strong golden years. It does not set you up for opulence, okay? And so, like, for instance, no millionaires, almost no millionaires own a jet. Almost no millionaires own a $400,000 Lamborghini or seven cars. Okay. Almost no millionaires have a house at the beach, a house in the mountains, and a house that is a house. Most of them have one house.

That's it. So that's instructive for me because when I think I could never have a – no, because that's not the goal. Well, it's not the first goal you could get there but a bit see a billion is a thousand million when you think about that it's a thousand times more than a millionaire well yeah they've got a jet yeah they've got seven cars and yeah they got four houses but they got a thousand times more money that's it's still a uh it's still 5% of their net worth, right? Exactly, exactly.

But the reason I wanted to point that out is in the book, and when we're talking about it, it's not that a billion is bad and a million is good. That's not the point. But if you think of I'll never have enough money to have a jet, a house, three houses, and seven cars, then you're not thinking about a million dollars. You're thinking about a billion dollars.

And so, yeah, there are a lot fewer of those. You know, when I started this show, only 300 of the 400 Forbes 400 wealthiest people were billionaires even. Now 100% of them are billionaires, and it requires requires probably you know quite a several billion to even be on that list you know and so but that's you know the the number of billionaires there are in america whoa way less than millionaires so it's okay to be a billionaire if you want to call me and tell me how you got to be a billionaire oh by the way you're not going to become a billionaire mathematically with your 401k right and you're paid for house but you will become a millionaire with those two things uh which is the

first step you know the first one to five million to hit there so uh you know but but you don't talk of the people on the force 400 the billionaires um 67 of them are first generation they did not inherit their money. Two out of three. That's a bunch. I mean, so that says it can still be done. But like 90, I think all of them. I'll have to go back and look.

I looked at it one time. It may be one or two that inherited money. Of the ones that made it, started from nothing, all of them owned and ran big businesses. His business. Yeah, Lightning Struck. Yeah, they, you know, Michael Dell, Dell Computers, right? Bill Gates, Microsoft. started from nothing all of them owned and ran big businesses his business yeah lightning struck yeah they you know michael dell dell computers right bill gates microsoft right apple uh you know you go through and you look at the tech world you go through and look at um uh uh uh you know uh elon kathy family chick-fil-a okay elon musk uh you know those elon and uh uh buffett are the two number number one number

two and bezos you know but bezos started his elon started his from nothing yeah they both came from nothing and so but that's but but don't confuse those two if it because it can lead you to losing hope that it can be done because the millionaire is very attainable billionaire you gottaaire, you've got to run a business. Probably not. You've got to run a big business. It can be done. But you're not going to do that with your 401K. Not mathematically.

You can't put enough in there to get there. It's that simple. Margaret is with us in Washington, D.C. Margaret, your net worth? $5.6 million. Good for you. I feel like I'm slow to the dance based on that last caller because he's 32 and I'm 57. We're all slow to the dance after that last caller, I'll just tell you.

So you're 57. All right, give me a little breakdown on that $5.6 million. Sure. Our home, beach home, commercial office space, small commercial office space. Is worth what? About $3.1, $ what about 3.3.1 3.2 okay and the remaining amount are 401ks IRAs annuity liquid assets um in just a whole okay so another 2.5 of that correct okay all right very cool you'd be proud of me I spoke to you last December and you told

me you're I was crazy that I kept a balance on my beach house mortgage because I had so much in cash. And today, after talking to Don, I went to the bank and I paid off the remaining beach house balance. All right. You can't come on the air again without that thing paid off. That's what Don told me.

And you know, John, you made me go back in debt because I bought your book today. Well, if you're going to go back in debt, buy 100 of them then. Yeah. All right. How much of this 5.6 did you inherit? Zero. All right.

And your best year working income, your worst year working income? Combined, about 450 between myself and my husband. Worst case, probably when I got out of college, maybe making about 36. Okay. And what's your careers? I'm in sales. I work for myself. My husband's an attorney. And yeah, so I've always been in business for myself. And I always say I have a great boss. Okay, cool. Well, obviously, he has a law degree. What's your degree? My undergrad was education in Spanish. I was going to be a Spanish teacher. And then I got into the computer field. And then at age 50, I got my master's. In business, MBA? No, actually,

I have a love for nutrition and food studies and wanted to become a nutritionist. But then I found out there's no money in it. So I stuck with my business. All right. But I still do nutrition on the side. Love it. Okay. And what was your GPA? As a master's, it was 4.0. Okay. Undergrad, I didn't really, that was terrible, like 3.3. I should have done that. Oh, that's awful. I can't believe you did that.

Okay. Oh, man. I've got two hard questions for you. The first one is, how much of that did you steal? Zero. All right. All right. I thought y'all were all crooks yeah no no none at all all right the

second one is how many books do you read a month you know i'm ashamed because i i don't i read probably two a year because by the time my kids i mean my son just graduated from college my daughter's in college and i'm exhausted i still open the books and I fall asleep. Fall asleep. I've been there the last few months. Hey, so that makes me even more grateful that you read one to two books a year. You bought his book. You bought mine. That makes my heart full. Thank you.

And I have your other book as well. And I am reading Intentional Living by John Maxwell. And so I just don't read enough. I'm embarrassed to tell you that. Don't be embarrassed, Dr. Shane. You should read anything John Maxwell writes. He's awesome. Yeah.

We love John. You're doing great. Yeah, so I'm really enjoying it. My book will for sure put you to sleep. Dave, I have to tell you really, really, can I tell you something really quick that I had told Donna? She said, you've got to tell Dave this. Sure.

I made a stupid mistake when I got out of college. I had a Mazda RX-7, beautiful California ocean blue, me and my husband at the time, my ex-husband, and we couldn't afford the tires. They were going to be over a thousand dollars to put new tires on. So I thought it was a really savvy business person. I said, let's go to the Honda dealership and let's lease the car for $200 a month, and we'll save ourselves $800. That's so stupid. I mean, that was probably the dumbest thing I've ever done.

And then you still ended up with $5.6 million by 57. You overcome the $1,000 tire deal. Well done. Awesome. Way to go, Margaret. Good talking to you. This is a Baby Steps Millionaire's Theme Hour on the Ramsey Show. Dr. John Deloney, Ramsey Personality, is my co-host today. It's a Baby Steps Millionaire's Theme Hour. Anybody that has a net worth of a million dollars, you're welcome to call in. We

want to know how much you got, how you did it, so that other people can learn from you, learn what we call in business best practices. How'd you do it? So we can do it. Zach is with us in Salt Lake City. Zach, what's your net worth? Hi, Dave and John. It's $1.8 million, somewhere around there. Excellent.

And give me a little breakdown by category. So paid off house, that's around a million dollars. IRA, SEP IRA, and a brokerage account invested in mutual funds around $450,000. I've got a CD with $200,000 in it, and then our high-yield savings with $150,000 in that. Way to go. How old are you? 37. All right. Very good. And how much of this did you inherit? Zero. Zero. All right. I love it. Very good. Cool. Cool. And your income, your best year and your worst year? Best year was around $650,000. Whoa. And worst year was around 50,000.

Okay, cool. What do you do for a living? I run a sales team for a solar company. Mm-hmm. Wow. Okay, cool. You four-year degree? No degree.

No degree. I went for three years and found out sales is my calling, and so I never finished. But $650,000 later, you figured it out, huh? I guess so, yeah. Way to go, man. Very, very cool. All right, what do you tell the younger version of you? Is it still possible today to become a millionaire starting from nothing like you did?

Absolutely. In fact, I think it's probably easier today than ever. Why? There's a lot of good opportunities out there. And, you know, I wish I'd have known years ago. I called in to the show last year, and I was actually a net worth millionaire last year before I started following your plan.

And I called in, and you gave me some encouragement to go ahead and pay off my house and everything. So I wish that I'd have started younger. I always lived under my means, but I wish that I started following, you know, avoiding debt and investing younger. And one thing that I do want to say is, you know, there's a lot of people that, you know, disagree, I guess, with paying off a mortgage early, they say, Hey, you should keep that money, you know, keep the mortgage and invest the money or whatever. And I get their argument, but the thing that I really like about what you teach is once you have that mortgage paid off, um, it's a lot easier to invest into retirement and other things. I'm investing a lot of money

right now now every month on autopilot. And if I would have had a mortgage or car payments, I wouldn't be doing those investments. And that's probably the best argument I've heard from Ramsey on that. Yeah. You know, my contention also is, and I ask you about this because it's interesting to me, is that when you're running a business, a small business like you are, that you make different decisions when you have zero debt at home. Absolutely. I'm more confident in the decisions I make here at Ramsey

because I don't have to worry about the home front. I agree, yep. And therefore, I think I end up making more money here because of that i think i agree i think i agree there's no desperation decisions it's a lot easier to make a sale when you don't have to make the sale yeah yeah because uh broke salespeople smell bad they do and you can also break up with those customers that are just driving you mad. You could say, you know, I'm going to move on because I don't need this. I don't have to have this so that my family can eat.

And, hey, so while we got you, you got a lot of money in CDs and a savings account. Are you saving for something big? Yeah. Yeah, we actually have a family friend that he's developing some land up here about a mile or two from my house. It should be ready in the next year. So that's why I've been piling money up there so that when it comes available, I want to buy a lot with cash. Good nose, Deloney. Fantastic. Hey, and one more thing.

So you're a good case study for me i'm always telling folks listen i get the if you're one of those folks who bought a house at 2.9 i get the math problem there it's an excellent math problem in your favor especially when you look historically you had that you had a house on the front end of this and then you're a millionaire and then you thought i'm just gonna pay this thing off what kind of peace do you have in your house? Do you feel different? Tell me if I'm crazy because I don't mind being wrong. In fact, I'm wrong a lot. But does it feel different?

It's yours? It feels a lot different. What Dave always says about walking barefoot in the grass, it just feels different. You don't really know that feeling until you go ahead and pay off the house. And so I'll never go into debt again. And a lot of my friends kind of laugh at that. And they think, oh, you know, when you build a house, you will. And I say, no, I'm going to save up and maybe go a little bit slower.

But it's silly to me to think that I had a mortgage and car payments before. Now that you're out of it, I don't ever want to go back. And the feeling is really, really good. Way to go, Zach. I'm proud of you, man. Yeah, you're a stud, man. i don't want ever want to go back and and the feeling is really really good way to go i'm proud of you man yeah you're a stud man you're a hero way to go very proud of you good work and is with us in columbus ohio and your net worth just at 2.5 million love it okay and uh how old are you i'm 46 46. My husband is 52. All right. Very cool. Give me a little breakdown by category on the $2.5 million.

It's $1.7 in retirement, $600 in our paid-off home, $100,000 in cash, and another $100 in other miscellaneous investments. Very good. By the 29s and perfect mix well done how much of this did you inherit well a few years ago many years ago i got four thousand dollars when my grandmother passed away okay so it's safe to say you are not a millionaire because of an inheritance no but i do have good parents yeah i didn't say that hey i just i want you to know if you watch this on youtube live i just laughed but not at your grandmother's passing you set this up and i thought you were going to say i got a million

dollars but you said i got four thousand bucks yeah so what's your best year working income since you've been working in your worst year well our worst year was back during the beginning of the stay-at-home mom years and it was about 70 000 and our best year will probably be this year where it should be around 440 000 wow but um it's only been like that the last so many years since we're empty nesters. Most of those years were, you know, under 100,000, 100 to 150. We went back and looked and where we are today, especially from the retirement front is based on what we did during those years where we didn't make a lot of money. It's much less based on what we do today. Okay. What we're doing today. I hear you. Yeah. So what do you do

for a living and what's your husband do? What's your careers? We're both mechanical engineers by degree. I work in marketing and he works in project management. Okay. And I assume you have engineering degrees, both of you. Yes. Okay. And your GPA? Well, so remember the engineer. It was a three-point for me because that's what I needed to keep my scholarship,

or my parents were making me pay for school. And it was 2.7 for my husband's undergrad. And he actually got accepted into a master's program conditionally because they were concerned about his 2.7 GPA, but he worked full time all the way through college. Yeah. Wow. You guys are incredible. What's your advice to the younger version of you listening? One really important thing is be very intentional about who you marry. Somebody with shared values, shared goals, somebody who's hardworking. Take FPU early. Taking Financial Peace University. We didn't take it till 2013, and it was rocket fuel. We had a lot of the basics in place, but that's really what brought everything together. Wow.

Thanks for the ad. That was awesome. Just amazing. Very well done. Thank you, Ann. We appreciate you. You're amazing. I'm so proud of you guys.

Way to go, hero. This is a Baby Steps Millionaire's Theme Hour on The Ramsey Show. Our scripture of the day, Philippians 4.12. I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, well-fed or hungry whether living in plenty or in want david lee roth said money can't buy you happiness but it can buy you a big yacht a yacht big enough to pull up alongside it oh my goodness well done oh wayne is in chattanooga wayne your net worth hey uh dave thanks for taking my call um 3.4 million good for you all right how old are you

give or take give or take a month you know how it works how old are you i I'm 62. 62, all right. And give me a little breakdown on the $3.4 million. All right. So I will say, let's say nine years ago, I had about a million dollars, Dave. And since that time, and that million dollars was mostly in a traditional 401k. So it's, you know, taxable. And since that time, I've made a few real estate investments and have basically in that nine years changed that million to over $3 million. Good for you. years changed that million to over $3 million through multiple, some of it being residential.

And then, you know, one of those investments was a commercial investment. So yeah, that's kind of where it's ended up. I'm debt-free. My home's worth approximately $425,000, and that's kind of where I'm at. Good for you. Well done. Okay. Yeah. All right. And how much of this did you inherit? Well, that's a funny story.

My father passed away when i was very young um i inherited uh seven thousand dollars um and as and i was a teenager uh at that point i i bought a car or a truck for 3 500 bucks so left me with 3 500 and so i decided my grandfather was a, he invested, and I didn't know anything about it. But what I did know is I knew that it really, my grandfather was, he ended up very wealthy. So I wanted to kind of follow that path. So I went to the bank, and the banker said to me he says uh yeah you know i had 3500 said just put in your savings account i said well i'm not really i don't really want to do that and uh so ultimately i put in 30 or put in 500 into a savings account

and then i had three thousand dollars left and and through the help of my grandfather and I was 17 years old at the time helped me invest that into a mutual fund which was a Fidelity Magellan fund I'm sure you know yeah what's it worth today hundreds of thousands of dollars. I never touched it. That's incredible. And I think for the younger generation to understand what investing is about, I had to go to a facility. We had to go somewhere, make an appointment in order for me to invest that three three thousand dollars uh and it and there was a fee attached to it it was it was a process i mean today i could do that

in 60 seconds you know uh and i and i believe today building wealth is so much easier than it was when you and I were growing up. You're right. You're right. And so is destroying it. Both are easier. So is destroying it. It absolutely is. But I think it's so much easier today.

If I were myself back then, planning today, it'd be so much easier. I'd be worth tens of millions of dollars more. I mean, there's no question. There's no question about it. If I knew then what I know now. Wow. Absolutely. Way to go, Wayne.

Proud of you, man. Excellent job. Dave, I'm just struck. Now, this is a small sample size, but everyone we've talked to today has been generating wealth significantly. Several of our callers said they've had their best years this year or last year recently. And every shred of news I get from every angle of my life

is how the economy's falling apart. There's no way to get ahead. Everything's awful. It's all coming down and all the calls we took today people are saying well it's it's the time and apparently someone uh decided not to participate in the recession high interest rates and high we can't do it with they're just they just are one guy's a salesman somebody else is a salesman. Somebody else is a salesman. Somebody else is a – Two salespeople, an attorney, a martial arts owner, two mechanical engineers.

Best year ever. Best year ever. Best year ever. Yeah. This year, this year, this year. Despite the inflation, despite nobody spending any money. 5 million, 5.6 million, 1.8 million, 2.5 million, 3.4 million. No one inherited anything appreciably.

I mean, nothing substantial that made them a millionaire and so the idea that all millionaires are inherited money 79 percent of millionaires in our study inherited zero another five percent inherited a small amount like these four thousand four thousand seven thousand dollars but not enough to make you a millionaire and another five percent inherited substantial money after they were already millionaires so five and five and seventy nine is eighty nine so that will help tell you that nine out of ten of america's millionaires are first generation rich did it without an inheritance so when these left-wing nut jobs tell you that it's all over and the only thing that's going to work for you is carl marx because their college professor who's a communist told them that uh and then they tell you that it's impossible to get ahead in america i'm telling

you the actual data says nine out of ten millionaires are first generation rich i'd say it's such it's so counter counterintuitive it's so counter narrative both counter narrative it's not counterintuitive counter-narrative at the macro level at the you just can't get ahead anymore and then at the micro level it's all coming down it's all coming down it's all coming down it's just not yeah it might be but it doesn't look i mean everybody's having the best year of their life man it's 100 a month invested from age 25 to age 65 at 12 in a good mutual fund and the stock market has averaged 11.6 for 80 years. Okay?

But so, you know, $100 a month invested from age 25 to age 65 is $1,176,000. $100. That's with no match. That's with, you know, no magic TikTok mirrors to buy nothing down real estate that you can't afford or shirts, t-shirts on four on, on four payments. That's true. Yeah. There's no payments involved in that. Uh, but people can't find a hundred dollars, you know? And, uh,

and the reason is it got a 750 dollar truck payment and the reason is they got a student loan that during the last three years when there's been no interest they paid nothing on it and come sunday bloody sunday here we go man man uh i mean it's uh this coming sunday is the when the student loans start back october one baby it's here life is real so. So we're going to send a team to Washington, D.C. and do some man-on-the-street stuff Monday

because that's when the student loans have started back. The government might also shut down by then. Because the children in the sandbox throwing crayons at each other. Good gosh. Billy kicked sand in my eyes. He's republican i don't like dan he's a democrat and it's my it's my sandcastle i want to put two billion dollars in for uh rat research in into the budget we keep voting for these and if you don't do that then we're going to shut down

the government you know so you know what it would be kind of cool if they solve some of these problems with dodgeball you voted them in i voted them it's our freaking fault we we do this to ourselves man i don't know one person that's like man bang up job bang up job yeah anybody's doing and i think you guys are just amazing the efficiency by which you govern and did you see that thing that war Buffett said? It's like amazing. He said, I can solve the deficit tomorrow. Yep. You're all fired. Yeah.

Well, or you get zero pay until you get the budget balanced. Oh, by the way, I saw that. All the federal employees will lose their paychecks when they shut the government down, but not the Congress. Not the Congress. Nope. Nope. We vote ourselves an exemption because we're incompetent. That puts this hour of the Ramsey Show on the Congress. Congress. Not the Congress. Nope. Nope. We vote ourselves an exemption because we're incompetent.

That puts this hour of the Ramsey Show on the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, it's Dr. John Deloney. If you like what you heard in this episode and want to know more about getting started on the Ramsey Baby Steps, go to ramsaysolutions.com and click on the Get Started button. We'll help you figure out the best next step for you based on your specific situation.

That's ramsaysolutions.com and click Get Started.