The Ramsey Show - App - Something Has To Change Or Else You'll Stay Like Everyone Else Forever (Hour 1)

Episode Date: October 27, 2022

Dave Ramsey & Ken Coleman discuss: How to manage retirement savings with a 403(b), Best way to set up student loans in your debt snowball, How to find margin in your budget for childcare, Living minimally to have the maximum impact on your debt, Dave's results to Ken's "Get Clear Assessment" and why this assessment is so accurate and impactful. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the pods of Moving and Storage Studios, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, Ramsey personality, number one best-selling author

and host of The Ken Coleman Show, is my guest today. As we take your questions, always remember when Ken's around, he's always going to be talking about jobs and careers and doing work that matters with purpose. And so you got questions about that, this is your day. Jump in, the phone number, 888-825-5225. Steve starts off this hour in New York City. Hi, Steve, how are you?

Dave, how's it going? Better than I deserve, man. What's up? Oh, not too much. I'm excited to talk to you. This is my first time trying to call into the show. I've been listening to you for about a year or so, and I have a question. That's why we're here, brother. How can we help? Wonderful. So I am on step two. I'm paying down my debt.

And looking ahead to the next stages of my story through the baby steps here. I am an educator. And by the time I retire, based on my three best years salary, I will receive a pension of 65% of my final salary, of my best final salary. So when I get end, I've been investing in a 403B account off and on pretty much throughout my first 20 years of teaching. and stocking money away because of that pension that I'm going to be receiving, where do I still go to the 15%? Do I do a little bit, you know, I don't want to say do I do less, but I'm not quite exactly sure where to go when I get to that investment piece of it. Right. Well, I would always do 15% at baby step four, even if you have a pension.

You're not putting the pension in. Your school system is, or government governmental body of your municipality or the state of new york whatever it is is putting it in so it's not coming out of your pocket so you can still put 15 in but and there's two reasons for that one is i've never had someone get to retirement and go i've got too much money that has has never come up. Sure, sure. Okay? That makes sense. And the second reason is that the pension is just not under your control.

And I have no idea. I've not read an article one way or the other or don't have any insight as to how good a job your municipality or your state is doing managing the teacher's pension. Some people do a good job at that. Some people suck at it around the nation there are some of them that are pretty unstable i have no idea about yours one way or the other and neither do you because you've got zero control over it i mean you can get some insights of people that are criticizing it or watchdogs or whatever on the thing but overall you have no you don't have control what you you do have control over, you need to control,

and that's your savings rate in the 403B. And, of course, we tell you to do match first, Roth second. Does the 403B offer a Roth version? That's a good question. I'm not sure. Yeah, pick good mutual funds with a Roth version. Is there any match? No, there's no match.

Yeah, that would not be unusual. Most 403Bs don't have a match. But, yeah, I'm putting it in good mutual funds across the four types that we talk about, growth, growth and income, aggressive growth and international, so that if this pension that you have no control over struggles or worse even collapses, you've got a backstop. And, hey, big old pile of money extra, you probably find something to do with it. There's probably somebody needs some help. There's some hungry kids somewhere need to be fed.

So it won't be bad. I would go ahead and build the wealth. Yeah, and this is a great example of teachers who are intentional in what we saw in the largest net worth millionaire study ever done by Ramsey Solutions. And they were in the top five teachers who are net worth millionaires because of this kind of intentionality, this kind of phone call. Steve, who is dedicated to a profession that doesn't pay a whole lot, but is going to invest wisely. Plus, we hope the pension and all that plays out.

But it's a great credit to Steve. Steve, thank you for really being on the front lines and working in a profession that is increasingly very tough to work in. Yeah. We're losing a lot of teachers and nurses and policemen for a lot of reasons out there right now, and it's leaving a shortage in those areas. Number one, career category engineer. Number two, accountant. Number three, teacher. In the career categories that ended up being millionaires.

Very interesting. And those are actual facts. That's not a wish. It's not an aspiration. Airtight study. Largest study ever done. Research of America's millionaires. Over 10,000 of them studied that's what we found because every time i mentioned this you know some idiot troll gets on the internet and goes yeah i'm a teacher and i broke well yeah i get it i understand

teachers don't get paid enough i get it i understand but but i still found in the study that in spite of um you know your drama, there are teachers that become millionaires. So many of them that it's the third largest category. It's extraordinary. Yeah. Very good stuff. Open phones at 888-825-5225, New Jersey. Jessica's calling.

Hey, Jessica, what's up? Hi. So I'm a huge fan. I love listening to your show every day. It keeps me motivated. I'm a bookkeeper by trade. So usually my whole life revolves around numbers. But my husband and I have been pretty stupid and now we're trying to get debt free and not Dave-ish because we did that in the beginning and it didn't really work. So I have my whole debt snowball laid out and I have a debt snowball question.

I have the debt smallest to largest. My student loans is the highest. It's about $25,000 and then another one for $28,000. But when I went on their website, I noticed that they have a breakdown of like each loan from like $1,000 to $3,000, $5,000. Do I list them in the debt snowball that way? Yes. Or do I list it as like, I do?

Yes. Because when you pay one of them off, you don't have the payment anymore. Right. Okay. But if instead you had a $20,000 loan and you paid $1,000 off, it doesn't change your payment. It doesn't change your payment. Right.

But when you pay off that $3,000 or $3,200 or hundred dollar or whatever one that payment goes away yes and that makes the snowball roll will you follow me yes and and you get to have a you get to have a hi-fi moment do a snoopy dance in the living room you know nose up feet moving doing it it's moving yeah yeah you get to you get to feel the traction which is the beauty of the debt snowball. Yes, gotcha. Okay. All right. Thank you so much.

Thank you for calling in, kiddo. Open phones at 888-825-5225. Personal finance is 80% behavior. It's only 20% head knowledge. We all kind of know what to do. We even know what Congress should do. And we keep electing the same morons and sending them up there. Maybe we ought to send some different morons. I like the thought. You know what else I love about the debt scenario? If you were running a business and you had people that worked for you that were that incompetent,

you'd fire their butt. Well, you're going to have a chance in two weeks. A couple of weeks here. You've got a chance to have a little celebrity apprentice. You're fired. Yes, you can. You could do that. You could do it. You won't, but you could do it. Yeah, I think there's a party getting ready to get fired across the board. Man, it's going to be bloody, bloody, bloody, bloody, bloody, bloody. This is the Ramsey Show. Well, if you follow us on social media,

you saw this past weekend in Dallas that we had an absolute blast at Smart Conference. Coleman, you and I, I think we're the only ones not up there singing and playing some kind of instrument. I know. Other than Rachel. Yeah, George and Deloney, man. You and me and Rachel are non-musical, but George is up there shredding. Oh, yeah. Deloney's shredding.

Courtney and Eddie are up there singing along with the band. They're so good. I mean, these are talented people I know but anyway and while we were having a rock show we also had a a smart conference where we all spoken into every area of your life it's the biggest and best event we do here at Ramsey it's an all-day jam-packed event covers every area of your life career money mental health relationships everything is there and we're going to do our very first smart conference ever here in nashville we announced it yesterday and we're going to do something different we're going to do an entire weekend friday night and

all day saturday and this is going to be the first event we host at our brand new Ramsey Event Center. So you'll be the inauguration event. You're going to get commemorative tickets. You know, I've got the commemorative tickets from the first Nashville Predators game. Oh, yeah, sure. Daniel Ramsey was a little guy many years ago. We went to that together. And I've actually got the pucks that they handed out that were commemorative that night.

Someday they'll be worth nothing they still are but uh but they're a nice thing to a nice great memory a nice nice memento no promises that these commemorative tickets will ever have a future value but they're going to be very cool and you will have participated in something very unique uh we're going to have music uh some fun prizes this is music city so you just don't know which one of my friends might show up particularly friday night you never know i'm very excited about friday night i don't know because i haven't even i haven't even i haven't even asked yet so we'll just see and right you know may get may get a handful of no's you never know we'll see right but uh we'll see anyway uh smart conference has all the Ramsey personalities, me, Ken Coleman, Rachel Cruz, George Campbell, Dr. John Deloney, Christina Ellis.

Here's the thing. We have very, very limited tickets. These things are usually 6,000 to 8,000 people. The one with 6,000 people the other day in Dallas, they're always sold out. And the new event center holds 2,400. They went on sale yesterday. Uh-oh. So if you want to come April 14th and 15th, a Friday night and a Saturday,

make a Nashville weekend of a smart conference, be there for the inaugural event at the Ramsey Event Center. Tickets start as low as $79. They're going very fast. We have VIP. We have a super VIP thing that has got unbelievable benefits. Look at all of it on the website. You do want to get these tickets.

And if you're going to get one of the higher-end tickets, they go first usually, the VIP, the super VIP, Platinums, all that kind of stuff. Be sure and look for those. But the general admission and everything will be gone very quickly because it's basically about a fourth the size we usually do and it's a very special event with this being the inaugural events i i gotta say this is not uh something that we've prepared i want to tell the audience that this new event center we get to look at every day we drive in it's like a shining city on the hill overlooks our main campus and this is going

to be a special special gathering uh april 14 15 that's a wonderful time of year in nashville it is spring has sprung it's a good temperature you're not smothered in the humidity i mean freezing to death you get to come make a whole week week and a half weekend out of it whatever hot chicken in nashville country music ramsey solutions like man come in on friday watch the show we'll be doing the show here right be doing the show here because the event won't start until after the show on friday afternoon and i gotta mention dr don dr john delaney i'll probably make sure that he's he's recording that day i'll record let's just have a big full day out of it love on everybody have fun

i mean it's it's a great environment and i can't wait i got very excited when i saw the email it's a good it's a good it's a good program so all of this at ramsey solutions.com slash events just find smart conference friday and saturday april 14 and 15 get your tickets while you can mike is in madison wisconsin hey mike welcome to the Ramsey Show. Hi, Dave and Ken. Appreciate you taking my call. Sure. What's up? Yeah. So I have been listening for about two years, first-time caller, though. And the reason I'm calling is that currently I am on baby step four, five, and six. I'm an engineer, and I heard you talking about that before, so I really think

about the numbers, and as far as becoming an everyday millionaire and whatnot. My wife and I have one three-and-a-half-year-old son right now, and we currently pay $305 a week for daycare, so that's a pretty big bite out of the budget. We have no other debt besides the house, the mortgage, no student loans, no credit card debts or anything of that sort. Doing great. Yeah, thank you. We are floating the idea of another child, but when I do my budgets, we are about $1,200 surplus every month for a normal month. That doesn't include if the car needs tires or if the wash machine, you know, clunks out or whatever it may be. So an infant daycare is going to be more than $300 a week,

like my three and a half year old is now because he is potty trained. So I'm like struggling with the idea of cutting my surplus each month down to zero or even negative. It doesn't have $1,200 to add a newborn to daycare it sure as heck does I pay 305 a week right now for a three and a half year old and you're gonna it's gonna be 1,500 now a month it would be I would say it'd probably be you know somewhere around 1,300 a month for a newborn. Or a three-month-old, anyway, after maternity leave. Okay. All right.

Then you're going to have to look for other, because you're now paying the daycare more than you guys make. That's what you're telling me. That's not true. That's what you're telling me. No, $1,200 a month surplus. Yeah. After bills are paid. But not counting the new baby going to daycare.

Yeah, we're not pregnant or anything. We're floating the idea of it. And right now we're at $1,200 surplus. But if we were to have a baby, say, 10 months from now, and put the baby in daycare you know it's daycare then we would be negative so you and i are spending all this time worrying about a hypothetical correct okay now we're not gonna worry about hypotheticals dude i mean it's wise to plan but you're over analyzing everything just calm down you're

gonna be making more money you're gonna have to find a different daycare. If you literally have no money left after paying daycare, then that means you've got too expensive a daycare. You've got to do something different. And you're going to have to try to find a different situation. When and if you have a second child. But I don't think we need to worry about this today. That's right.

And I'll just add practically. When Stacy and I, when our three kids were younger, we looked at daycare. And in the area where we lived in North Georgia, it was really, really expensive. And we ran up against this thing. And to what Dave said, can be done. And I'll just point out that we said, well, daycare is not an option. So, you know what we did? We started talking to everybody we knew.

Hey, does anybody know a grandmama who wants to work a little bit wants to make a little extra spending cash you trust her she's got grandbabies she's retired and we found the right people and so we found daycare in the form of an awesome christian grandmother who came in and took care of the kids while stacy and i worked and it was a fraction she was thrilled. We were thrilled. Where there's a will, there's a way. You don't have to just rely on what has become an enormous expense for a couple. It is, admittedly, a very large expense.

Yeah. Yeah. And so, but I also don't spend, I'm not going to burn a whole lot of calories on stuff that might happen someday. That's correct. So, we're going to work about, you know, when God says to says to have babies have babies the best thing you can do on the planet is babies babies are awesome and the only thing better than babies are grandbabies and so um if i don't know how great grandbabies are gonna be i'd have been nicer to their parents yeah you get all the fun stuff and then you get to send them home well i had daniel's last night and he was he was kind of having a hard time about

about about uh you know uh bedtime or whatever right and i actually had this shirt on uh-huh and i went to come out here and i looked down there's baby snot all over the side of the shirt i had to wipe it all off before i got out here a while ago i had to get the had to get the damp cloth out yeah get the eli snot off there it is there we go hazards of being papa dave that's it man but um you know i and i can tell you this we didn't charge them near enough for keeping him they got a deal yeah you're gonna figure it out as you go my man and you're a good man for thinking about it you're a good dad for planning ahead but don't plan so far ahead that you live in worry that's not what we're gonna do with that good question thanks for the call this is the ramsey

show you Ken Coleman, Ramsey personality, number one bestselling author, host of the Ken Coleman Show, is my co-host today. In the lobby of Ramsey Solutions, Jennifer and Travis are with us. Hey, guys, how are you? Dave, better than we deserve. I love it, brother. How much have y'all paid off?

$425,000 in 12 years, but we got Gazelle Intense in 30 months. We paid off $280,000. Whoa! Okay. And your range of income in that 30 months? In that 30 months, $154,000 off $280,000. Whoa. Okay. And your range of income in that 30 months? That 30 months, $154,000 to $220,000. Cool. And where do y'all live?

Denver, Colorado. Cool. What do you do for a living? I'm a restaurant consultant. And I'm a registered nurse in leadership. Okay. And so you can work all you want to work for sure. Right now, for sure.

Oh, my goodness. Wow. So what kind of debt was the $425,000? So we paid off our house, which was the $280,000. Look at it, weird people. And then before that, it was student loans, two cars. We had solar panels, credit cards. You were just kind of normal.

Yeah, kind of normal. Okay. So tell me your story. What woke you up and then what got you so intense 30 months ago? So what woke us up 30 months ago is we finally got to baby step six. Oh, okay. We became gazelle intense at that point, a little backwards. But we really wanted to pay our house off by the time we hit 40.

Okay. And so we, you know, looked, what does that look like? What do we need to do to get there? And we became pretty gazelle intense. That's so weird. Have I paid for a house by the time you're 40? Yes. None of your friends do.

No. Yeah. So what caused that goal to house by the time you're 40? Yes. None of your friends do. Right. Yeah. So what caused that goal to happen? What made you do that? We just wanted to be weird. We wanted to be debt free. We wanted to leave a legacy and just see what God will do in our lives. And, you know, we wanted to give to the kingdom on a bigger level.

Amen. Wow. So when you decide in Baby Steps 6, so you've been walking the steps, and then you get gazelle. Yeah. So I'm really curious. I want you to unpack that for our listeners and viewers. What did that look like? What were the habits that changed, the lifestyle changes to do what you just pulled off?

Yeah. So first it started with, you know, creating a budget. And then it became living very minimally and deciding what is it we really need. And Travis learned to fix everything around the house and cars just off of YouTube. And we didn't eat out. We ate dinners at home and had fun with the kids at home with games and um did you get into this at all at baby step six and then go wait a second we this is crazy we're we're living like we're what's going on why are we doing this or did you just have maniacal focus the whole time

you know it really seemed like it took forever to get past baby step three and then once we got past that and got retirement set up college set up it's like wow we're almost there at the finish line let's get this done yeah yeah so seeing the finish line turns you loose really that's pretty interesting yeah it just so what's the house worth? So $800,000. Wow. How much is in your retirement accounts? A little over, I think, $150,000. Okay.

So you're at Baby Steps Millionaire status then, or really close. Yes, really close. Way to go, guys. Congratulations. Yes. So proud of y'all. Thank you. Very neat. How does it feel to be completely free and 40?

Surreal. It feels, yeah, awesome, surreal. It's crazy to be here. The journey's finally finished. Maybe step six. Wow. That part of the journey is, yeah, you still got to go ahead and become wealthy and go ahead and be outrageously generous, like you said, giving to the kingdom.

Yes. Put you in a position to do that. You're making serious money and not a payment in the world. Right. What's your first big financial thing you're going to do now that you're 40 with no house payment no payment of any kind well now we're starting to redo our house um so we've really held off on that as well um so now we're kind of remodeling upgrading the house what are you going to do what are you going to do to it? Oh, everything.

Painting, kitchen upgrades. So the question is, Travis, are you doing it or are you going to pay somebody now? I'm still doing it. Look at you. We're still doing it. I'm very jealous. I have to confess that you can watch YouTube and do something productive at home. I'm worthless to Stacy.

It's unfortunate. You are definitely. He's done some crazy things on YouTube. That's incredible. Good for you. What do you tell people the key to getting out of debt is? So really it's living like no one else today. You've got to create a budget. You've got to create a budget you've got to get a control over your money um and just really believe in yourself in the process and you know keep coming back even if you get derailed because life's going to happen um and cross the finish line you'll do it eventually what caught you off guard about this process what was the surprise in the whole thing i actually with my job i actually got furloughed so being able to look and say we had the money set aside to be able to support ourselves through that process but we actually were living so minimally and we actually didn't

have to dive into that money at all yeah which is like that eye-opener like we're doing something right when we can just say we're living at the right level to be able to keep driving yeah and then they brought you all back yeah that was pandemic stuff i guess right yeah that was that was when we were prepared uh covet hit we already had baby step three we were living minimally to pay off the house so it didn't have a devastating effect on us financially thankfully um dave i want to ask a question i haven't asked in debt-free screamers on this uh and. Dave I want to ask a question I haven't asked in debt-free screamers on this and I don't want to minimize the effects of inflation I don't want to in any way be insensitive to the fact that that goods and services cost more but knowing what you

all know how does inflation when you hear things of inflation you actually see the cost how does it affect someone like you guys? So it doesn't affect us as much as somebody else who is you know living paycheck to paycheck because we do have that extra cushion to get us through that yeah yeah cool good for you guys well done well done well we've got a copy of the total money makeover for you in the live and bundle, and that will give you something to give away and encourage somebody else on this journey. The Baby Steps Millionaire book, our latest number one bestseller, and that's the next chapter in your story. You're there almost.

Be there. May get there by the time you get home. You never know. And Financial Peace University membership for a year. If you haven't been through it, go through it. It's got all the new videos in it. Or give it away. And, again, encourage someone else on their journey all right let's bring the kiddos

up and tell us their names and ages all right we've got blake he's nine and then ava she is seven oh cute very good very good well done guys very proud of y'all. You're rock stars. Well done. Good stuff. Thank you. Jennifer, Travis, Blake, and Ava from Colorado. $425,000 paid off. House and everything! 12 years, but most of it done in the last 30 months, making $154,000 to $220,000. Count it down.

Let's hear a debt-free scream. Three, two, one. We're debt-free scream. Three, two, one. We're debt-free! Yeah! This is how it's done right here. You have to decide. Something different has to happen. Otherwise, you're going to be just like everyone else out there you know it's amazing in america how many people are just alike

got the same car payments still got sally may in the spare bedroom she's hanging out still after 15 or 12 years never going to get the house paid off always going to have a mortgage just trying to figure out a way to get by and have some kind of joy for the weekend yeah and that's most people don't be normal no these people i'm talking to right here they're weird that's right they paid a price to win they said they took a moment and said i've had it i'm not living like this anymore it changes everything it really does when you see the smiles and the weight lifted and you see two little ones who have an unbelievable uncapped future because of the discipline that their mom and dad decided to exhibit. And they're going to learn from this later on.

They've already seen it. They've seen it modeled. And this is what it's about. I love that you said they paid the price. You know, everybody else is miserable. Everybody else is unhappy, looking for something,

trying to make it to the weekend and drink their face off on Friday night. And Financial Peace and peace beyond financial peace is waiting for you if you're just willing to do the work. It's what it takes. This is The Ramsey Show. Thank you. so ken coleman and our product team our developer team got together a couple of years ago and spent a bazillion hours and a lot of my money developing this assessment that is absolutely lights out. It's called the Get Clear Assessment. We launched the assessment when we launched your latest book, From Paycheck to Purpose, and literally tens of thousands of people have taken the assessment now to find out about your talent, your passion, your mission, and to be able to aim at something with your career. Talk about

why you developed this for a second and what it is, Ken. Well, you know, the reason I developed this because many years ago I went through my own kind of career crisis. I was heading down one path, had been heading that direction for a while and making progress. And I had a change of heart. And it really shook me because I went to a place of confusion as I'd been going one direction and I knew I wasn't going to go that direction anymore. But what direction should I go? And that's a very intimidating thing for people because you're thinking about your livelihood, taking care of Stacey and the three kiddos. You're worried about what other people are going to say because that's just who we are as humans. And so you put all that together, and I was at a place of real confusion,

and then that confusion turned to frustration and a bit of hopelessness. And as I went through life mapping and processing it on my own with some great men around me who had some experience, when I came to Ramsey Solutions, I wanted to put together a methodology that anybody could understand to be able to answer the question, how do I discover what I'm supposed to do with my life? What should I do with my life? It's why kids go to college. Every parent wants their kid to be able to be successful. And it's a very intimidating question and not a lot of succinct answers. So, as you know, for years before we started this,

I felt like it was very simple to answer the question, and this is the sentence that I've developed that anybody can understand. If you use what you do best to do work you love to produce results that matter to you, you're on purpose. It's that simple. In fact, that's how you know if it's a dream job. Because if you use what you do best, and you're doing something you love, and you're producing results that matter, guess what? You look forward to going in to the day. You're going to have a lot of

energy. You're operating under tremendous efficiency, and you see tremendous meaning in the contribution that your work makes. So talent plus passion plus mission equals purpose. And here's the even better part, really nice pay. Because you're going to stand out. People are going to go, they'll say things like, you were born for this, or you're a natural. And so this speaks to what you and I believe in our entire organization, that we were created to work, to do good works. And so those are the three elements. And so then then I said we need to have a tool to where a person who's not listening to the Ramsey show or the Ken Coleman show or coming to the smart conference could be self-assessed and get those elements very clear and then have

a purpose statement to where they could see at a high level this is what I was created to do and then have the freedom to look in the marketplace and see, well, I could go here. I could do this. I could do this. All of which allow me to be uniquely me. And so that was the impetus behind the tool. So from the CEO's seat, of course, I approved the process that you all went through to do this and saw the updates on the product as it was being developed. And I was just getting by.

I keep my eyes on a few things. And that was one of them that was happening. Didn't think anything more about it. And then I get an email from you the other day, hey, take the assessment. Yeah. And I'm like, dude, I kind of know what I'm supposed to do. That's true. No, take the assessment.

Right. No, I know what I'm supposed to do. He goes, no, I want to see if it works on you. Yeah. And I thought, well, let's see if the stupid thing works. And so I took it, and the stupid thing works. Yeah. It nailed it yeah so

uh can i read your do you want to read it or you read all right so so i told you all you get the three elements talent passion mission now here's what the report does uh you get a detailed report you get one page it says here are your top three here are your mid-range talents and then here's the stuff quite frankly you suck at and and it it's okay because you're not supposed to focus much on that. And so we do that with passion stuff that Dave loves. So talent's what he's good at, passion what Dave loves to do. And then mission is what motivates Dave. What motivates Dave to come in? And so here is his statement. I was created to use my talents of persuasion, instruction, and communication to perform my passions of leading, promoting, and performing to accomplish my mission of influence by producing change and progress.

Now, if that doesn't sound like Dave Ramsey, I don't know what it does. And so what this does, not for Dave, but for anybody who's a little bit confused maybe lacking some confidence it gives them a chance to see themselves as the world sees them how they are uniquely put together and that purpose statement is a high level job description for a couple reasons number one for the person who's maybe a college student or someone who's just been wandering they can now begin to have a north star a compass and then for someone who's in it and starting to wonder should i stay with it because i'm going through a valley which happens then what it does for them is gives them tremendous confidence and courage to stay and so that's

what this tool does clarity and confidence i think i'm a simpleton every time i take one of these things of any kind, it completely nails me. Well, it's because you answered honestly. Forty years ago, I took the DISC, the D-I-S-C, and I came out 98% D, 98% I. And I came home, I handed it to my wife. We had never seen anything like these kinds of assessments back in those days. And I handed it to her, and we were sitting there talking, and she's reading it. She's like, yep, yep yep yep yep this is what's

wrong with you i went what's wrong with me that is me not what's wrong with me and then she took it and she is determined as an sc that that's the proper thing to be and all the rest of us are wrong well and we try still trying to convince her after 30 years that's not how this works but right right uh and then i took the enneagram my friend ian cron right oh sure and uh he like i wrote eight for you oh yeah it's like you are the quintessential enneagram eight exactly when you see a freaking autobiography right there pictures next to it yeah and this thing here man it got it hit it i mean persuasion instruction communication to lead to promote to perform to have influence and that's what we do here i mean

that's a lot what a lot of ramsey does for that matter because it comes out of the you know how the dna of the leader and the founder that's exactly right and so um yeah this thing is it's the get clear assessment folks and uh how much is it you're ready for this it's only ten dollars until the end of october so you only have a few days left for the whole month of october we've reduced it from thirty dollars to ten dollars and here's what's great about it it's digital now you can do a printout like we did here but you're also going to get a pdf it'll send you the download of this and then you can get print on your own 30 page report that really goes deep and it's very impressive i mean when you read through it i'm just like yep yep yep wonderful gift by the way you know you got a

college kid coming out of college trying to figure out what to do you got a well or somebody just husband struggling you've got friends that are in the in-between spot yeah it's like i don't know man i thought i knew this and i don't know anything and there's something um it kind of when you don't know where you are like that there it dashes your confidence yes sure it does and you don't you don't have the uh i don't, the energy to move forward on stuff when you're unsure. Here's how I talk about it. If you've ever driven in a downpour of rain and it comes on you quickly, a deluge or tremendous fog, you immediately pull the car over. You slow down first tremendously.

You slow down and you pull over. Why? You can't see past the hood of the car this is the same way in our work and our career and purpose that if we're not quite sure we're not clear on where we're going and why we're going what do we do we pull back and it's the paralysis by analysis and a tool like this uncovers who you are get the results run them by somebody who knows you really well get some feedback and it'll give you that added confidence to be who you were created to be. Well, and I'm convinced that the algorithm that we put together to do this is unbelievably accurate.

Yeah, it is. I mean, it certainly nailed me. No question about it. Very smart people that can do all this. Yeah. This gyration. And you spent a lot of time in the wordsmithing because you knew what you wanted it to say and how you wanted it to feel so uh check it out the get clear assessment usually thirty

dollars at ramsey solutions.com through the end of the month uh that will be up until halloween monday right you can uh you can get it and uh it's only ten dollars that's like the deal of the century for ten dollars it's just like a novelty. Yeah, I was very upset at Dave when he said that. I said, Dave, I can't feed my kids. He said, shut up, Coleman. We're giving it away for $10. No, none of that actually happened.

But what we wanted to do is we wanted to make it an accessible tool for people to try it. And it's really about self-awareness. If you break it down, this is a tool that will give you self-awareness. You know, you've got a small team of you self-awareness, which is a superpower. You know, you've got a small team of five or something. You just buy them all one. Easy. That's what I would do.

That's exactly right. And then you could have a great discussion with that. Or if you want to have a fun discussion over Thanksgiving with the family, have all the grown kids take it. And that'll make Thanksgiving dinner interesting. Yeah. There we go. Hey, it's better than talking politics. Talk purpose. Most anything's better than talking politics. Talk purpose.

Most anything's better than talking politics. That's right. That puts us out of the Ramsey Show in the books. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today.