The Ramsey Show - App - Stop the Money Fights With This Easy Habit (Hour 3)

Episode Date: June 28, 2018

The show about you

Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in, we'll talk about your life, your money. It's a free call at 888-825-5225. That's 888-825-5225. Crystal starts this hour off in Atlanta. Hi, Crystal.

How are you? I'm fine, Mr. Ramsey. How are you? Better than I deserve. What's up in your world? Okay, I have two questions. My first question is my husband and I are on baby step number two, and we've been having this conversation.

He's a philosophical thinker, so we have to go years down the road. So I was wondering if we own our house right now, if we can use our 3B, even though we own our house, as a way to get caught up on our um on our mortgage like to pay more down on our mortgage before we get to four five and six okay you own a home but it has a mortgage on it correct yes sir yes baby step six is pay off the house early right baby steps four five and six are done simultaneously. Baby step 3B is saving up our down payment to buy a home if you don't own a home.

Okay. So there's no need to substitute because the only question would be, do you not invest while you pay only extra on the home? And the answer would be no, don't do that. Okay. You want to start putting 15% of your income when you get to baby step four into retirement, and baby step five is doing something for kids' college if that's appropriate in your situation. I mean, if you have kids and so forth. Number three, and then baby step six is pay extra on the home with anything else we can get our hands on.

So what's your household income? It's $125,000 before taxes. Good. And how much do you owe on your home? We just bought it. It's $300,000. Okay. All right. And so all I'm saying is instead of putting it all on the house once you get to baby step four, put 15%, which is $15,000 out of $125,000, well, $17,000 out of $125,000 towards retirement, and everything else can go towards the house.

Does that make sense? And so it doesn't really slow down paying off a $300,000 mortgage because $17,000 doesn't make that big a difference. Right. That's the point. So we want to get started on retirement, and Baby Steps 4, 5, and 6 run simultaneously. Simultaneously, you're putting 15% of your income into retirement, and then you're putting money towards your kid's college and so forth, and then any extra money we can get a hold of pays off the house as quickly as possible.

Tina Marie is with us in Boston. Hi, Tina Marie. How are you? I'm doing well. Thank you so much for taking my call. Sure. What's up? I've been working for 17 years for the same company.

I was 19 when I started. I do not have a four-year or two-year degree. I finished a year and a half in video radio telecommunications for college. My job has been in the financial industry at a mutual fund transfer agency. There are layoffs potential. I've gotten past the last couple rounds, but I'm looking to see what to do next. I have a couple options available. Last year, I took some certification classes online for project management that the company paid for. Good. I can continue to do that, looking at just taking

certification courses. Data science certification is one that I was looking at doing this year, again, with the company paying for that with tuition reimbursement. Good. My other thought is, is it worth actually going and taking classes for a degree? No. I don't know that I'm going to be here long enough, okay? No, I'm not going into that. I think you've got a basic skill set that has served you pretty well up to this point. So your experience around data, which is what you're doing now in the mutual fund world,

and then if you can learn, get a couple of those certs that you're talking about in the data world, that will be very helpful. Because here's the thing. In the marketplace today, in medium-sized, larger, small businesses, okay, not for a person operation, but an operation that's got 50 or 100 employees, okay, are starting to understand that one of the most profitable areas, and we understand it here at Ramsey, that we can possibly do is data collection and mining, understanding our customer and loving our customer well by knowing them well. And that's all data is, okay?

And so how can I serve my customer if I don't know them and I don't know how they're interacting with me. And so too many people just do a transaction instead of build a relationship. Data gives you the ability to build a relationship with a customer and serve them well, really take their best interest at heart when you're designing products and so forth. So data management is a huge field. Organizations that don't properly collect, categorize, and manage data are going to be severely limited in the coming decade. So you're sitting on a gold mine, kiddo. At 19, I got very lucky that someone just noticed my analytical skills and my Excel

knowledge, and I get this data niche from a young age. The second thing is that even if someone doesn't know what a PM1, a PM2, or a PM3 is, from product management certs, even if they don't know what it is, they will appreciate the results that you can bring as a product manager. Properly managed projects or products, either by a pm uh it increases the efficiency of an entire team and um again in a small to medium-sized company even in a large company there's a huge upside because really what pm means to someone that doesn't know what it means they don't understand what you've got if you're a pm3 we do we hire pm3s and ones and twos all the time okay we appreciate it here but uh but when i didn't

know what it meant the first time i discovered how important that a pm is is that is when i saw how much stuff they get done because there's a process to getting things done, as you know. Oh, yeah. And so you're sitting on two very strong certs there. You do not need to go get a four-year degree and go into it to do it. Lean into both of those certs, and some combination of those two things with your experience is going to take you. You may get a raise over where you are now. You may want to just go ahead and leave as soon as you get the certs and not wait on them to take your head off. Because apparently fear is ruling around there right now and and maybe it's not where you want to be but i definitely would go get all i could get out of those two categories as fast as you can get it

especially if they're paying for it and i would just load up i mean i would go to school 24 7 work and go to school and eat. And that's all you need to do right now. And really, because both of those have, I mean, it's 10 and 20-year implications for your future because you're sitting right on top of a powder keg in a good way. I'm so excited for you, Tina. This is going to be awesome. It's going to be your future so bright.

So lean into that stuff, kiddo. Lean into it hard. And way to go. You're a scrapper. I like you of your future so bright. So lean into that stuff, kiddo. Lean into it hard. And way to go. You're a scrapper. I like you. You're good stuff. Thanks for calling in. Hey, folks, this is your show.

It's all about you. The phone number is 888-825-5225. This is The Dave Ramsey Show. Thank you. Okay, I need you to listen to this. Because one normal routine that everyone does can cause total chaos in your life. I'm talking about the simple act of using Wi-Fi. When you're on Wi-Fi anywhere in public or at home, you're at risk of hackers easily seeing every site you visit and every search you're doing online. It doesn't matter if you're on your cell or your laptop.

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You can be secure in seconds. Download Hotspot Shield by Anchor Free today. Louisa is in Atlanta, Georgia. Welcome to the Dave Ramsey Show. Louisa, what's up? Hi, Dave. Thank you for taking my call. We do have a debt of $60,000, and I would like to know if it is a good idea to get a loan against the house, which is already being paid off.

Not if we can help it. I would avoid it. What kind of debt have you got? We have a $21,000 balance on our car, and then credit cards that we have. So you have about $40,000 on credit cards? Yes. Okay. How long have you been doing that?

Recently. We use all our emergency funds due to a loss in our family, so all the funds were gone, and we have to get the credit cards, and then, you know, stuff from the house that broke down, and there are more than $10,000, so we had to have it. That is the reason why we went up to up to $40,000. So did you guys all lose your jobs? No.

Okay. So you had income coming in during this time right now is it will be like about a thousand i mean sorry six thousand sixty thousand dollars a year between the both of us i haven't just got a a better income from his job. Okay. Well, that's good news. All right. No, I would sell your car. Sell the car, okay. I would not. You've got a real mess with credit cards here.

I would cut them up and vow to never use them again, no matter what happens. But before I would borrow, I wouldn't borrow on my house to buy a twenty one thousand dollar car when i make 60 and essentially that's what you're asking me to do and so i would not do that i would probably move out of this car and down in car dramatically and then be able to pay cash for whatever you move into and then let's attack the credit cards, smallest to largest, using the debt snowball in that order.

List them smallest to largest, pay minimum payments on everything but the little one, and attack the little one. What's concerning me is this, okay, and I want you guys to go back and address this. You don't have to answer me, but you and your husband need to answer this question, okay? Okay. What are you going to do next time there's a problem?

Okay. You've got to have an emergency fund in place of three to six months of expenses once you get this debt paid off. And what kind, you know, is the type of problem that occurred ever going to happen again, or was it just an unusual never-happen-again type thing? Or was this a thing that stuff comes up, and we just, instead of working our way through it, and instead of limiting what we bought, we just put, I mean, you're making $60,000, you put another $40,000 on credit cards, so you had a $100,000 problem?

I mean, that doesn't sound right, kiddo. I don't think that happened, as a matter of fact. I'm questioning you. So I want you guys to do some soul searching, because sometimes what happens is that there's a problem in a family, like someone's ill or there's some kind of a crisis. And while that's going on, we go do a bunch of other stupid stuff. And then we blame it on the crisis but i bet you if you go back and detail out the forty thousand dollars worth of credit card debt that only a portion of it is associated with your crisis and um that's what i normally find in 30 years of doing what i

do so i really want you guys to look at that because i'm not positive i'm just but based on my experience that's what I think has happened. Susan is, I'm sorry, Grace is with us. Grace in Philadelphia. Hi, Grace. How are you? Good. Thanks for taking my call.

Sure. What's up? So I have a question about a rental that I own. So we've paid off all our debt except for that rental, and it's a home that we own in Virginia that we're renting out right now. So we're trying to save for a home, but we owe on the loan on the rental. So my question was, should we try and pay down that rental instead of saving for a home? No, you should sell it. So we are currently renting until next year, so we do plan to sell it next year. No, you need to sell it now.

For the next, sell it now. Yeah. But we have tenants in there. When the tenants leave? They're leaving next year. You have a lease? That's right. Okay. So that lease expires next year.

When? In May of next year. So you just signed it? Yes. Oh, no. Okay. So what do you owe on the house? We owe $140,000. And what's it worth?

About $180,000. So why are you keeping it? We've just had the tenants since we left in 2014. Why are you keeping it? Why did you keep it in May? Why did you re-sign them? Why didn't you put it on the market now? Oh, I guess we didn't think about it.

Yeah. You were not renting in Philadelphia and said, hey, I want to be a landlord in Virginia. Not at all, no. This is by default. I used to live in Virginia. Yeah, this is by default. You wandered into this and didn't bother to wander out. So, you know, ask the tenants if they want to

buy it okay let's see if we can get out of it now and you put that 40 000 bucks in your pocket now and that moves you towards buying a house in philadelphia quickly get your debts paid off if you have any but you don't need to be owning a rental property in phil in virginia when you live in philadelphia you're too broke and besides that i I'm not broke, and I don't own any long-distance landlording. Long-distance landlording is how you end up having somebody change their Harley oil in your living room. So you just don't want to do that. You need to be on top of property more than that,

even if you have a management company, in some cases, especially if you have a management company. So, yeah, I want you to get rid of that as soon as you can get rid of it so that you have a lot less risk in your life and, to your point, you're 100% debt-free and you're able to save up and buy your first home that you live in in the town that you live in. And that's way ahead of owning rental property. Susan is with us in Nashville. Hi, Susan.

How are you? Hi, Dave. I am calling you because I'm hoping that we have not paid a stupid tax, but I'm hoping you're not going to tell me that we did. I went to a college counselor who marketed herself as somebody who would help us plan for our child's college, and it was in like a three-tiered approach. One of the things that she raised a point about was the 529 plans and how 529 count against you when you're applying for financial aid in college.

No, they don't. Okay. They only count against you if you're trying to act like you're poor. Okay. If you're trying to get income-based scholarships, they count against you. But you shouldn't be getting income-based scholarships unless you're poor. Well, we're not. Okay. Well, we're not. And I thought we were like in this income level where we should meet with this woman to minimize our, I don't even know what to call it, our exposure. and unfortunately we paid her $1,500,

and I thought she was going to help us position ourselves in a better way when we apply for colleges and filling out the forms and so on. We walked out last night, and what it came down to was basically she was trying to sell us an insurance policy and get us to transfer our 529 funds to this insurance policy. I know that's a horrible idea. Did you do it? No, no, no, no, no. And my stomach is, I feel like I've been kicked in the gut.

Okay. You paid her the money last night? No, we paid her a couple weeks ago, and I'm just wondering if we can get this money back. I doubt it. Oh, I was afraid you'd pay back. I would just call him and ask her. Okay. I think she probably already spent it.

Probably, yes. I don't think you're going to see it again. I mean, but, yeah, I wouldn't pay somebody $1,500 to coach me on how to get a kid in college. So just for the rest of you out there. But I don't mean it's not a regulated position for you to pay someone to coach you to do that. There's no regulatory body involved. And so the only thing I can do is if I were you, I would just call and put pressure on her and go, Listen, we're not satisfied.

And we're going to post on social media that we're not satisfied with you, and we would like a refund. And if we don't get one, then we're going to let other people know not to use your services as loudly as we can. And that's the only thing you can try to do here. Folks, turnover is bad for business and it's expensive. That's why I recommend ZipRecruiter. ZipRecruiter is a place where growing businesses connect qualified candidates. They make it so easy. When you post your job with ZipRecruiter, they send it to over 100 of the web's leading job boards.

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That's ZipRecruiter.com slash Dave. ZipRecruiter,com slash Dave. That's ZipRecruiter.com slash Dave. ZipRecruiter, the smartest way to hire. Matt and Alexis are with us in Albuquerque, New Mexico. Hey, guys, how are you? Great. How are you? Better than I deserve. I see on my screen you're debt-free. Congratulations. Thank you so much. We appreciate it.

Well done. How much have you paid off? We paid off $24,000 in about nine months. Way to go. And your range of income during that time? About $80,000. Okay. What do you guys do for a living? I'm a pastor, and Alexis is a nurse. Okay, fun. What kind of debt was the $24,000? It was a combination of student loans that I had from ministry school, and then it was also some credit cards, and then I financed a motorcycle, And so it was a combination of all those things.

Okay. All right. So how long have you two been married? About eight months now. Oh, so that's what started all of this, huh? So you decide you're going to get married, and so we've got to get on the debt snowball. We've got to get this debt cleaned up. Is that what happened?

Yeah. So we got engaged back in 2016, and at the time we were both living in separate cities, and we just made the decision to take the SPU class together, but in our separate cities, and just take time out each week to talk about what we learned, and we really wanted to start our marriage off on the right foot. Very good. Wow, what a wonderful thing. So the first nine months or first eight

months of your marriage you're plowing through this debt immediately what do you tell people the key to getting out of debt is yeah so um the thing that we keep telling people is you know you've got to make sure that uh you stay disciplined and make the right sacrifices you know for us we were just incredibly intentional about um setting up our lifestyle to just live on one income so that we literally can just throw an entire income at that debt. And that's what helped us pay it off so quickly is moving into a house that was far cheaper than what we needed. We made sure we didn't have any car payments and really just lived, again, under that cap of one income.

Yeah. Well, that gives you a lot of options then. And for the rest of your life, it does. I mean, that's pretty amazing, if you can hold to that. So what kind of a ministry are you? Are you a senior pastor, or what kind of a pastor? No, I am a small groups pastor for a church now here in Albuquerque. Okay, excellent.

Okay. Well, you definitely know one thing the small groups need to be talking about, don't you? Yeah, absolutely. You know, when our church kind of rolled out at TU, I didn't know what it was, but I was responsible for it, you know, so it was like, you know, we're going to do this. I had no idea what it was, and then we began to take the class, and I realized, man, this isn't something I just need to teach people. It's something I needed in my life as well. So it was something that

really put me on a journey while we were putting people in the church on it as well. You know, I was talking to a group of pastors the other day, telling them that all the data points we have in working with over 50,000 churches now over the years, the churches that are growing are always serving a felt need in the community. They're serving. They're teaching people how to be married, according to the Bible. They're teaching people how to raise kids, according to the Bible, how to handle money, according to the Bible.

And when they touch those different needs in people's lives with a biblical truth, that church tends to grow and prosper. So congratulations, Matt. You guys are doing good work. Thank you so much, man. We really appreciate it. And you're spot on. You're exactly right.

Very, very well done. Proud of you, too. Did you have people cheering you on? I mean, you're leading the whole dadgum parade. I guess you did. Absolutely, we did. We had an incredible support system yeah did anybody tell you you're crazy yeah we we have yeah yeah i you know i'm driving an old

car and i got people talking to me all the time about buying a brand new car and uh we just keep saying though we're never gonna do it yeah very Well, very proud of you, too. Thank you for leading the classes there. And what a great way to start your marriage. Awesomeness, guys. Awesomeness. We're going to send you a copy of Chris Hogan's retire-inspired book, number one bestseller. And that's the next chapter in your story, to be millionaires and outrageously generous as you go along. And I've got a feeling with a nurse and a pastor that we won't be able to stop your generosity.

So very, very well done. Very good stuff. Matt and Alexis, Albuquerque, New Mexico, $24,000 paid off in nine months, making $80,000 a year. Count it down. Let's hear a debt-free scream. Yeah, it would say three, two, one. We're debt free. Yeah.

This is how it's done. This is how it's done. Wow. You know, what's interesting is in our world, the self-improvement world that we live in, the Ramsey team lives in, we don't do live events in the summer because you guys are too busy going on vacation and getting in debt. And we don't do live events between Thanksgiving and Christmas because you're too busy getting in debt to go to a live event then. And so our business has a seasonal aspect to it, particularly the ratings, talk radio ratings in general go down in the summer because when you're on the beach just listening to me just doesn't work.

You need music, right? I mean, I get that. I understand. I mean, what kind of nerd would listen to Dave Ramsey on the beach? Seriously. But talk radio ratings in general go down, and you don't want to listen to, you know, Sean Hannity, Rush Limbaugh, you know, yell and scream about politics when you're on the beach. You want to hear music.

I do. Anyway, I'm on the boat. I don't turn on talk radio. I mean, really. So I get that. So summertime, people kind of go into coast modes, what I'm saying, you know. And, you know, family vacations, backyard grilling, Fourth of July is coming up, you know and you know family vacations backyard grilling fourth of july is coming up you know and here's the problem you can't let your being an adult go on vacation

it's okay to go with the rhythm of life but you can't say i'm going to spend the whole summer seriously going into debt i mean that's just that's stupid and you can't not do your budget you have to do your budget and you have to still be doing the smart stuff. Now, I get it that you're going to focus on family and enjoy your summer. And I want you to. I'm going to enjoy my summer. I can promise you that. But there's a simple trick that will keep you from losing out on investing through the summer.

If you set your contributions up to happen automatically, I've set almost all of my investing in mutual funds to happen automatically. It comes right out of my checking account. Every month, boop, just like that, I'm in an investment. And even if I was looking at something else and I was sitting on a cruise ship somewhere, boop, there was an investment. Happened anyway. And so don't put off investing for the summer. Don't put off investing for the summer.

Don't put off budgeting for the summer. Don't put off your debt snowball for the summer. And if you want to get started with your investing, maybe while you've got a little bit of time on your hands, this is a good time to actually sit down and look at your overall investing strategy. You might actually have a margin, you know, schedule-wise right now to do that. So jump online at DaveRamsey.com. Click Smart Investor.

Now, if you don't know what this is, we at Ramsey are not in the investment business. We do not sell insurance, and I don't own any portion of an insurance business. We believe in insurance, and we endorse Jeff Zander and Zander Insurance for Life Insurance. And we think you ought to do it, and I'm a customer of his. And we don't sell mutual funds. I'm not in the business. I believe in them. I buy them, and I recommend you buy them,

but I don't make a commission when you buy a mutual fund. Nowhere, no how. I do get paid an endorsement fee for endorsing people in different industries because I'm in the radio business. That's what I do. The SmartVestor pros are people that we endorse, and they will meet with you with the heart of a teacher and sit down and help you lay out your investment plan. And you need to do that, and you can put it on autopilot for the summer if you want,

or if you've got a little margin here in the summer, you can sit down and unpack and start to know what you're up against and what you can do with that Roth IRA rollover or that 401k rollover or whatever it is. Just click SmartVestor at DaveRamsey.com put in a little information. It'll drop down

a list of the SmartVestor pros in your area that we recommend you select which one you want. And you'll find them to be the kind of people that you'd expect them to be if I recommend them. They've got the heart of a teacher. They're going to give you advice that sounds a lot like what you hear here. They better. They won't give my endorsement otherwise. That's how this works. Because I want you to be taken care of. You matter to us. This is the Dave Ramsey Show.

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me to tread on the heights. Alexander the Great said, I'm not afraid of an army of lions led by sheep. I'm afraid of an army of sheep led by a lion. That's good. Brittany's in Dallas, Texas. Hi, Brittany. Welcome to the Dave Ramsey Show.

Hey. Hey, what's up? I'm just calling to get some advice about how I could get out of debt. Okay. How much debt have you got? I have $65,000 in debt, 24 student loans, $15,000 in credit card debt. I have a personal loan, about $4,600, and I just got married, so my husband has about $50,000 worth of debt. And how much of this is cars?

My car is $16,000. His is $8,000 worth of debt. And how much of this is cars? My car is $16,000. His is $8,000. Okay. Man, you guys got a lot of debt. Yes. What's your household income? He makes $50,000. I make $36,000 with the potential to get a bonus of $1,000 every month.

Okay. So you make $36,000 and you're going to have $1,000 every month. Okay. So you make $36,000 and you ran up $15,000 on a credit card. $15,000 in credit cards, yes. Ouch. I know. You've been spending like you're in Congress, kiddo. I know. You ready to stop?

I am. I've closed the majority of them, but we wanted to keep open maybe a few, you know, just in case. Just in case they're working for you. I know. You got $15,000 of just in case. Mm-hmm. So I think you need to get some scissors out and have a plastic surgery party tonight. You and your husband chop up all these credit cards

that'd be a good first start are you willing to do that i will i mean it's me because before we got together he didn't have credit cards are you willing to chop up every credit card tonight yes or no yes okay good good are you willing to never go to a restaurant until you get this cleaned up unless you're working there? Yes. Okay. You're willing to cancel your vacations until you get this cleaned up? Yes.

Because that's what it's going to take. Because you have an $86,000 income and $100,000 worth of debt. You in deep stuff. I know. But there's another thing. I've been a bill collector for the past six years, and I'm in school, and I'm paying for that out of pocket. I want to eventually stop working so that I can take this program I'm in the program, I should be able to get a part-time job to pay a car note and help him with the household bills. Well, I think you got about $100,000 worth of problems between you and getting that degree. I want you to get that degree.

I like your idea, and I want you to head that direction. I think you're probably trying to get there quicker than you need to. Right. I think both of you need extra jobs, and you guys are going to have no life, beans and rice, rice and beans, and you lean into this. And if you'll do that, I can show you how to clean this up. But you're going to have to be more committed than you are right now. Yeah, I know. So would I put off school? Is that what you're going to have to be more committed than you are right now.

Yeah, I know. So would I put off school? Is that what you're saying? Yeah, probably. Or put off quitting your job anyway. I mean, if you can go to school at night and pay for it, that's fine. But I want this off your back because think about what it would be like. Can you even imagine what it would be like if you had no payments right i i'm 600 alone towards credit card yeah you you'd have money yeah if you had no payments like a lot of it i know even being a collector yeah yeah that's the

irony of this conversation isn't it but yeah but the But, yeah, I think the thing is that you can really be one of those people that you call every day for the rest of your life, or you can decide to change your life right now. Today's your day. And if you can get him on board, if the two of you will get after this, I'll show you how to do it. But I got to tell you, the prescription that Dr. Ramsey is going to give you is going to taste bad. I know. It's going to be rough. The next two years of your life are going to suck. But you're going to live like no one else, so later you can live and give like no one else.

Right. That's what Sharon and I did, kiddo. I mean, we were broke. We couldn't even pay attention. I mean, we fought all the time about money, stress, fear, anxiety, lump in your throat, sweat right above your eyebrows and in the palms of your hands. You ever had that happen? Yes.

It takes two weeks to get a check in, five minutes is like it's done so all of that tired of being a rat in the wheel right run run run run get nowhere yes if you're ready to change it's gonna hurt but it'll be but it'll work i'll show you exactly what to do but you're gonna do it and if you don't do it it's gonna be your fault not mine okay right i know i'm gonna pay for you to go through financial it, it's going to be your fault, not mine, okay? Right. I know. I'm going to pay for you to go through Financial Peace University. It's a one-year membership, and you go to nine lessons in a group right there in Dallas. There's a bunch of them operating in Dallas right now. I'm going to pay for it.

I'm going to give it to you for free, okay? Okay. Because I've been where you are. I've been scared. How old are you guys 28 i'm 29 he's 32 almost like i've done this before yeah good job you can do this that's exactly how old i was when i was broke i can't but i don't want to put out school you're gonna put off a lot of crap kiddo or you're gonna live your rest of your life like you're living right now i don't know i don't want you to put off a lot of crap, kiddo, or you're going to live the rest of your life like you're living right now. I know.

I don't want you to put off school either, but you're broke. You're $100,000 in debt. I want you to be very afraid, so afraid you do something about it. Like the doctor says, if you don't lose 20 pounds, you're going to die. So what are you going to do? You're going to lose 20 pounds, by God. Right? Right. This is the game you're in. You now you got to decide because you can't play you can't do ish i'm doing financial

peace university ish ish will get you ish that's all it'll get you so if you'll submit yourself to this process five million people have gone through this class I'm giving you. And the ones that submitted themselves to the process have completely changed their lives, and a lot of them are millionaires as a result. But that's 10 years later. You got your degree, and you're making $100,000, and you're debt-free, and that's the 40-year-old you. Or the 40-year-old you is going to look back at the 28-year-old you and go, you're stupid. You should have done that stuff that man told you to do.

Right. It's going to be one of the two. There's no in-between. There's no ish. So don't do this if you're going to ish because you're just going to be aggravated. Ish doesn't work. Dave, ish. Truth,'t work. Dave, ish. Truth, ish.

Sort of ish. Do it. Do it. You hold on. I'll have Kelly pick up. The only thing I ask for you to do is to promise to attend all nine lessons, you and the husband, and I will show you how to do this stuff, and I'll convince you that it's going to work.

Why? Because it will work. It will work if you'll do it. And this will get you out of debt and you're going to have a really painful two years. You're going to live like no one else so later you can live and give like no one else.

I will show you how to get not only up to ground zero because right now you're in a hole. We'll get you back up on top of the ground first and then we'll show you how to build a millionaire life. And that's what these people do. They follow this stuff. It's what happens to them if they don't do ish. Now, you want to adapt and you want to write your plan. You can write your plan, but you're broke, so your plan sucks. Follow mine. It works.

And this is not because I'm arrogant, but because we have a track record of helping literally millions and millions and millions of people do this. So today's your day, kiddo. Decide if you is or if you ish. Which is you? And everybody's got that day. This is yours. What are you going to do? And when you get out and you're wealthy someday and you find somebody that's scared

to death like you are, you pay for them to go through the class. Pay it forward. Hold on. Kelly's going to pick up. We're going to pay for you to go through. That puts this hour of the Dave Ramsey show in 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 Kelly Daniel, associate producer and phone screener for The Dave Ramsey Show. Did you know that in 2017, Dave Ramsey Show listeners paid off $50 million of debt? That's pretty impressive, and it could be you this year. Keep listening for more inspiration. With more frequency than you know, I get calls and emails from people dealing with the recent loss of a spouse or a parent. You can hear the struggle and the heartache that they've been experiencing. And at a time they should be grieving, what breaks my heart the most is the strain and tension

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