The Ramsey Show - App - Study Something That Is Usable in the Marketplace (Hour 2)

Episode Date: April 14, 2020

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, 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. Open phones this hour at 888-825-5225. That's 888-825-5225. You jump in. We'll talk about your life and your money. Ashley is on the line in Kentucky. Hi, Ashley. Welcome

to the Dave Ramsey Show. Hi, how are you guys doing today? Better than I deserve. What's up? Awesome. I have a general question about retirement today. Currently, my fiance is invested in a 401k and his company has automatically enrolled him in a target date fund for 2060. I've been talking to some smart investor pros and we've been trying to bring someone on to counsel us with our financial situation. And all our smart investors have told us, the ones that I've interviewed, have said to get out of that target fund. It's not the best choice.

But when I spoke to the company that actually is the one in charge of his 401K, they have advised strongly against to pull out of that 2060 target fund. And so just the discrepancy between, you know, some financial advisors saying this is not the best choice versus, you know, the I don't know if I'm allowed to say on air, but the company does. It doesn't matter. It's a concept. It's not a brand.

Sure. So the thing is this. What you've got to decide is not which financial advisor to listen to, but you have to understand what this is and why one is saying it's good and one is saying it's bad. Right. So let's talk about that for a second. What the target date funds are is you establish a target date for retirement, and then they automatically reallocate your portfolio to become increasingly conservative as you age.

This is based on a theory called the asset allocation theory. And asset allocation theory says that when you're young, your 20s or 30s, that you invest in aggressive growth stock mutual funds and that type of a thing. And then when you reach my age at 59 1⁄2 or 60, by then you should have moved your money into much more conservative, calmer funds and even bonds and money markets. Okay? Right. Now, I am not a proponent of the asset allocation theory.

I think it's a bad theory. So you think the target fund is a bad theory? Yes. And here's why. Okay? I'm 60 this year. I've got millions of dollars in mutual funds. If I put the funds, if I move my mutual funds into the funds that a target fund would have me put them in, they would make 3% this year.

They would slow your growth. And instead, mine are invested like I teach everybody, growth, growth in income, aggressive growth in international. And on a typical year, who knows with the freaking coronavirus, but on a typical year, I'll make, you know, 10% to 15% rate of return on my funds. Okay? Now, here's the thing. If I'm going to die or pull out all the money in the next three years, then having it be more conservative and less volatile makes sense.

But I'm likely never going to touch this money ever. I'm going to die with it all still invested. I might use some of the income off of it, but I won't be touching it. And so if your fiancé has $5 million or $4 million or $3 million in mutual funds when he gets to 60, the likelihood is between 60 and 90 he's not going to cash it out. Instead, he's going to live off of the income that it produces. Does that make sense? Yes, it does.

Okay. If you move it to target, the income that it produces will be about a fourth of what it should, all because they're worried about him not being able to handle volatility between 60 years old and 90 years old. That 30 years is the same 30 years between 30 and 60. Right, and I understand that. With that being said, and again, I said it with fidelity, would you recommend us pulling that target fund away,

all the shares that he has, and moving it? His company offers about like 33 different mutual funds to invest in, and the one I was interested in was the Index 500 or the Blue Chip Growth Stock. Those were two that really stuck out to me, and I'm not 100% sure. Well, Fidelity has a bunch of good funds, and almost every mutual fund company has some good ones and some bad ones. And so what you're looking for is something that has outperformed the S&P. What we recommend and what I personally have invested in,

and what the SmartVestor pros are advising you as well, is to spread your investing across four types, growth, growth and income, aggressive growth, and international. So that index fund is pretty much a growth fund. You might get an actual growth fund that is a little bit better than that index fund in performance, but that S&P 500 qualifies as a growth fund. That blue chip qualifies as a growth and income fund. And so you'd also want to put in the mix an aggressive. Let's see. Who's got a – I'm trying to remember Fidelity's aggressive that's done so well. They've got one that's really good.

But anyway, just look at them. I don't recommend particular funds. I want you to remember Fidelity's aggressive that's done so well. They've got one that's really good. But anyway, just look at them. I don't recommend particular funds. I want you to look at them. The aggressive growth is going to be the wild ride. The blue chip is going to be the calmest of the four. The international fund is the foreign exchange student, right? Okay. And then the growth is kind of the Goldilocks.

It's right in the middle just right porridge and so you've got something you got a good mix is that's why we recommend those four and why i invest in those four and you can find those if they've got 33 fidelity funds your smart investor pro can help you pick the four types in his 401k. And the reason that a fund administrator or an HR person would recommend the Target funds is it's a super, super conservative, and very seldom is anyone pissed off at them for having recommended that. And so they're really covering their own butt butt or they don't know what they're doing one of the two or they're such a believer in asset allocation that they forget that you still have to outpace inflation once you're 60 and you live another 30 years to 90 because if

you make three percent on your money and inflation is four% from 60 to 90, your money disappears. And so, or the buying power of it disappears. And so that's why asset allocation is a bogus theory, unless you're going to pull your money completely out or die right at your target date. Because you, you know, then you would have wanted to smooth it out and calm it down right before you land. But that makes the assumption that you're going to smooth it out and calm it down right before you land. But that makes the assumption that you're going to pull it out and you're not going to try to outpace inflation with that money. You're not going to keep the money invested. You're not going to live off of the investment income during that time.

So no surprise that I have aligned myself with smart investor pros that believe the same way we believe and are teaching you the same thing. But don't do something because Dave said it and a smart investor pro said it or a person at a 401k company said it. Do it because you understand it and you align with that idea, that concept, and then based on that, you make your decisions on how to invest. That's the way you always do investing. For most of us, health care costs seem to increase every year. And saving money on health insurance feels more and more out of reach.

For example, take the Olcheski family from LaGrange, Texas. Jeff and Cherise had just celebrated the birth of a new baby boy. Shortly after, they had a health scare involving one of their kids that was completely unexpected. With today's health care climate, this could have bankrupted them. But thanks to Christian Health Care Ministries, the Olcheskis were spared from a ton of medical bills. As members of Christian Health Care Ministries, they're part of a group of believers who financially and spiritually support each other. Thank you. To be a part of Christian Healthcare Ministries, visit chministries.org. That's chministries.org. CHM is a proud sponsor of Dave Ramsey Live Events.

chministries.org. Thank you for joining us, America. We're glad you're here. Nancy's on the line in Iowa. Hi, Nancy. Welcome to the Dave Ramsey Show. Hi, thanks, Dave, for taking my call. It's a pleasure to speak with you. My pleasure.

How can I help? We are in baby step number seven and have looked at doing a conversion of a few of our IRAs and a rollover IRA and a SEP into a Roth. So I wondered if with the market, so that, of course, it would grow tax-free, so I'm wondering with the market being lower now, would now be a good time to make that conversion. Yes, because it lowers the tax liability. So we would be converting probably three different accounts, like at about $120,000 to convert. So we would have those tax implications, of course, to do that. We would probably take our normal investment that we would be making into our investment account and put that towards the taxes then that we would need to make.

Yeah, without cashing out the Roth, use other money to pay the taxes. And since the balance is artificially low right now with the market down, you're lowering your tax liability so let's assume let's make an assumption okay i'm not sure it's right but here's why i'm here's the way i would play it and why you know the market was at 30 000 and so now the market's whatever 23 24 right so it tanked it dropped you know 6 000 points or so um since it's high now and most of that is artificial meaning those companies haven't actually lost as much money as their stock price indicates people are just afraid on the short term the stock market is a drama queen, okay?

Artificially up, artificially down on the short term because everybody's just emotional. And it's geopolitical things. It's actual economic things and so forth, and they overreact, in other words. So if that's correct, if that's correct, and I believe it is, then the market will recover and recover quickly. Translation, you paid the minimum amount of taxes you could possibly pay by selling right now. Okay, so that's what we were thinking would be the best time to do it is because of that and just take the tax hit now so that they could be yeah really tax-free in a Roth IRA instead of paying taxes on it later when we would withdraw it and by the way you don't pay the taxes until April 15th of 2021 okay yeah that was one of our other questions too but we had thought that

was the case so we could be making those savings of the investment so that we would have that when the taxes were due next year on making those conversions. Now, closed circuit for the rest of you listening out there in America, she's on Baby Step 7. They don't owe money on their house. They don't owe money on anything. This is monopoly money now. We're just seeing how high we can stack it to be outrageously generous, change our family tree, and enjoy some money, all three.

And, you know, that's where she is. Now, if you're on Baby Step 2 getting of debt, and you've already got debt, no, we're not going to add a tax debt to your debt right now. You're just going to miss this downturn as your opportunity to convert to a Roth. You need to stay on budget and stay on baby step two. But that's not the case with Nancy. Nancy and her husband have done a great job congratulations nancy and uh you know they're they're everything's paid off and this is now just

a math riddle of how we can get the best use of our money and keep the government's hands off of the most of it possible because it's pretty obvious they're stupid with it. Kevin is in Texas. Hi, Kevin. Welcome to the Dave Ramsey Show. Hey, Dave. Good to talk to you. Thanks for taking my call. Sure. What's up? My question is about buying a house. My wife and I are saving up for a down payment on a home. And I've been listening to you for a little while, but I'm pretty new. And I know we are debt-free and we have an emergency fund fully funded. My question is, we both currently work full-time. And so how much house should I kind of look to buy based upon our incomes? And here's the deal.

She's going to graduate school for a couple years, starting in the fall. She's going to get a counseling degree. And that'll mean our total income will drop for a little bit while she's going to school. We're going to pay for that in cash. But then she's going to make more money, most likely. Obviously, nothing's guaranteed later.

And so my question is, should we buy a house according to that 25% rule that you have off of our current income, off of our income during those two years, which is when we'll buy the house where she's in school, or more along the lines of a conservative estimate of what we'll be making together after she graduates? Oh, probably the middle of those three which is probably where you are right now right yeah we're she's about to to to stop working full-time and work part-time yeah and so where you are today if you took 25 of that here's the point of the 25 it's not magic magic. The point is, long term, over the next five or ten years,

if you have a house payment that eats up all of your income, you have no money. That's how deep the 25% is, okay? Because people will quote, you can get qualified for a loan that's 50% of your take-home pay, and you can't even breathe. You can get qualified for a loan that's 35% of your take-home pay, and you can't even breathe. You can get qualified for a loan that's 35% of your take-home pay easily, easily. And then you have trouble funding your car replacement fund, your 401K, your kid's college fund, because you become increasingly house poor. Now, what you're describing is a temporary situation, not a permanent situation.

So if someone calls me up and their house payment's 50% of their take-home pay because one of them just got laid off in the coronavirus, well, that's not what we're talking about. You would just hang on through that because you're going to get your pay back afterwards, and you're going to be okay in the house so it's not a it's not a snapshot of a moment in time it's a concept that over the scope of the next decade it's going to be very hard for you to avoid debt and prosper if your house payment's eating up all of your income that's really what it comes down to and so if you kind of said okay the the the low point of your income is while she's in grad school the high point of your income is while she's in grad school, the high point of your income is after she gets out,

and the medium point is kind of where you are right now. All I did was just say, hey, maybe where you are right now is maybe a good measure of that. It'll be a little bit of a strain while she's in grad school, and then there'll be almost no strain later when she gets out, and you'll be able to do a whole bunch of other stuff and you won't be house poor. If you did it based on the anticipated income basically we're saying until she gets her new job and her career blossoms off the new job off of grad school until then you're probably not going to make much progress financially because you're putting it all in a house payment that

makes sense yeah makes perfect. So what period of time do you want to be house poor? Oh, and how old are you? We're both 30. And how many kids have you got? Zero kids. No kids. Okay. You plan on having children? Yes, we will have a couple kids. Okay. Well, you think the probability is you move yeah yeah and so i wouldn't spend the next five years strain i wouldn't spend the next five years straining on a house payment based on the income target five years from now in order to own a house that i'm probably not going to live in after I have kids. Yes. Why strain? You know?

It's just not, it's a temporary thing. And so, you know, all that, but the whole point of the whole discussion is, if a big chunk, if too big a chunk of your income is going out the door in house payment, you can't do nothing else. You're house poor. So if you'll just guard against that, you'll make the right decision. Okay? Right. And 25% is pretty conservative. So if you'll just guard against that, you'll make the right decision. Okay? Right.

And 25% is pretty conservative. So if I try to keep on track there, we'll be good, even if we end up having to strain a little bit more for those couple years. Exactly. The 25% is based on having done budgets for 30 years with people. And I'm saying where you are now is your projected income today. And based on that we're going to do 25 that gives you room for kids college fund car replacement Christmas

insurance uh start your 401k and maybe step four and that kind of stuff if you get up around 35 you start to be in a strain you can't you know you say oh well we'll put this vacation on a credit card and you start you start rationalizing your butt off and start being a normal American again. So that's where it comes from. It's conservative unless you're trying to hit all those baby steps and you don't see raises. Thanks for the call. Guys, I've been saying this over and over. This is the time to capitalize on a down market. Because you know what else is down?

Interest rates. If you have student loans and you still haven't talked to Splash Financial, do it now. The Fed just slashed interest rates, so Splash is getting their customer really low rates. Combine that with not having to pay closing costs. This is the time to get your student loans refinanced. Everyone is asking about the interest rate waiver for federal student loans. First off, it applies only to government loans, not private loans. Also, the waiver is only temporary. So what you need to do next is connect with Splash Financial and review all your student loans. Guys, stop dabbling here and get it done.

There is no money out of pocket, and you could save a lot of money. Go online to splashfinancial.com slash Ramsey and get started to take advantage of these low rates. Our question of the day from Blinds.com. Find out for yourself why Blinds.com is the number one online retailer of custom window covering. You get free samples, free shipping, and with the new promos they run every month, you'll save even more. Use the promo code RAMSY to get the best deal. Today's question is from Merritt in Missouri. Dave, we've been paying for whole life insurance for five years now.

I'm sorry. We want to stop that. Good. Start term insurance. Good. But the cash value we will get is almost half of what we paid in premiums if we surrender this policy since we've only had it for a few years do you recommend waiting for a few more years until we can get the sum of the premiums or just lose all that money and get out now it's not going

to get better dude i mean you're getting screwed and the only question is do you want to keep getting screwed so no i would get out while the getting's good it's not like you're gonna this thing gonna suddenly start being a good idea there's no there's no point that you know you're like below the good idea line and you're getting ready to go across the good idea line and you know from bad to good no i mean it's, it's always going to be a ripoff. And it's a horrible financial product. Whole Life Life Insurance is the payday lender of the middle class. And it's just an absolute, ridiculously asinine product.

And so what I would do is get out of it as quickly as I got my term insurance in place. And that minimizes the damage. You know, how quickly do you sew up a hole in your pocket when you're losing money out that hole in your pocket? As quickly as you discover there's a hole in your pocket, right? And that's what I would do there. So thank you for the call. We appreciate you joining us. Or the email, rather, for the call. We appreciate you joining us.

Or the email, rather, for blinds.com's question. If you didn't know, April is Financial Literacy Month. Our team is celebrating teachers and all the hard work and dedication they give every day with our Teacher Appreciation Giveaway. And get this, we've had such a great response to the giveaway that we're adding a second prize, and that means two teachers will get $5,000 to use however they'd like. So, teachers, you do not want to miss this. Go to DaveRamsey.com slash teacher and enter for your chance to win the cash or some incredible prizes.

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to go to DaveRamsey.com slash teacher. There's no purchase necessary. There's no trick. We're simply saying thank you to teachers with the help of the folks over at Jackson Charitable. So thank you, Jackson. We appreciate you guys. All right.

Grace is with us in California. Hi, Grace. Welcome to the Dave Ramsey Show. Hi there, Dave. Thank you for taking my call. Sure. What's up? So I'm 18 years old.

I just graduated high school in 2019. And I still live at home. I'm going to community college to save money. And right now I make about, I would say, $20,000 a year. I work two jobs part-time. And I have been putting literally probably 95% of my money away in savings and only using the tiniest bit possible. And it's been building up in savings, but I'm ready to start investing and opening like my Roth IRA.

And I just kind of don't know where to start with that rather than keeping it in my savings. Way to go. Good for you. So what are you studying? I'm getting my major in communications and I want to go into broadcast journalism. Okay. Are you going to stop after community college or continue and get your four-year degree? So I am a semester ahead,

so I'll have my associates in December. And a lot of schools don't take spring transfers, so during that semester kind of off, I wanted to try to get an internship with a radio station or a TV show to kind of get my foot in the door. And if I get a good job with that that I can build off of, I might not finish. But if I do feel like I see myself needing my bachelor's, I'm going to continue. Okay. Very good. Well, truthfully, there are very few people in broadcast that have a four-year degree in broadcasting or a four-year degree in communications.

There's not very many. Rachel Cruz does, but she was already a speaker when she was 16, and she knew she wanted to be what became known as Ramsey personality. She had that goal, and so she went and got a communications degree to help her with the media side, the speaking side, the writing side, and all of that. And so her four-year degree is there. But obviously, I don't have a degree in that. I have a degree in finance, and yet I'm a major media figure.

And I think you would be hard-pressed to find anyone in a TV station or radio station. Probably one out of ten, maybe maybe would have a degree in broadcast. Now, some of them have done some work at community college or some of them have done some work at the two-year level on voice work or presentation work or something like that. But in other words, it's not required to do that. And again, depending on what you're going to do. Now, I will tell you that I think the four-year degree is very valuable. And so overall in the scope of your life, depending on what you end up doing and all those kinds of things. So I would plan on completing my degree if I were you.

But like you said, if you happen to hit the gold mine and you don't go back and the two-year degree suffices and you live your dream in broadcast, I'm not going to be mad at you about that. All of that to say, the best investment that grace can make in the next three years is in grace, not in a mutual fund. fund, you will get a better mathematical financial return on an education investment than you will a mutual fund investment. And so what I would prefer you to do is just pile up cash rather than do your Roth IRA. Now, once you have made the decision to not continue your education because you hit the gold mine in broadcasting, then I might look at doing some Roth IRAs. Or once you graduate with your four-year degree and start your career in broadcasting with your four-year degree under your belt that you paid cash for because you were so smart you saved up the money to do it then i would start my roth ira but grace you are a better investment your brain

with a communications degree what it will cost you is a better investment than a mutual fund will give you in terms of a rate of return so you're a great investment grace in that fun and uh so i would do your plan, but I just pile up cash as high as I can pile it until I have either abandoned the four-year degree or graduated from the four-year degree, one of the two. And you won't know that until probably 12 months from now, which of those two tracks you're on. And then it'll take you another 18 months after that to graduate or you will have struck gold by then um you know in broadcasting somewhere and so yeah thanks for the call open phones at 888-825-5225 so zach my associate producer has been in radio um a bazillion years. Zach, 20 years. So what would you say the percentage chance is,

the percentage of people in a radio station or TV station that you and I have run around in that have a four-year degree in broadcasting or a four-year degree in communications? I said 10%. Is that probably about right? Yeah, okay. I thought that's what you were going to agree with. Okay.

But, I mean, you're supposed to agree with me. Yeah. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money. So the trick with education is study something that gives you the ability to make more money because you studied it than you would have made had you not studied. I mean, if you can come out of high school making $30,000 a year and you go study something and spend $200,000 to make $30,000 a year, well, that's not a good investment, see?

So you study something that's usable in the marketplace and changes everything for you in the near future. Be more intentional with your time and money. Sign up for e-meals and let them do the thinking for you. They have a shopping list generator that makes it incredibly easy. You can have your meals organized and planned for the week and have your groceries waiting for you when you get to the store. The average customer saves $2,000 a year and two hours a week. Get a free two-week

trial at emails.com. Jason and Leah are with us in Nevada. I see on my screen you guys are debt-free. Congratulations. Thank you. Thank you. Hi, Dave. Welcome, welcome. How much have you guys paid off?

We have paid off $101,754. Love it. How long did that take? It was six years in the making. Wow. And your range of income during that six years? So our range, we started at about $85,000 a year, and we're at about $135,000 a year now. Nice. What do you guys do for a living? So I work in, this is Jason, of course, I work in cybersecurity.

Very cool. And I am an accountant for small businesses. I work for myself from home. All right. Well, very fun, you guys. So what kind of debt was the 102 000 well most of it was our mortgage that was 78 000 oh i'm talking to weird people yes you are house is paid off so what's this house worth gus what would you say honey it's about 225 000 wow and it's yours yeah absolutely

and it turns out i love it more and more now that it's all ours i bet i bet it changes everything doesn't it yes very cool and what was the rest of that that we paid off we also paid off um two cars we had a mazda and a hyundai and we had a small furniture loan as well, and that was it. What happened to you guys six years ago that started this journey? We had friends of ours who suggested we lead a small group to our church and go through the Total Money Makeover. And we weren't familiar with you. We hadn't read the Total Money Makeover, And we hadn't, we weren't familiar with you. We hadn't read the Total Money Makeover, but we did it. And that totally changed the course for us. So we're so glad that we did.

There's nothing like leading somebody in something to make you do it. Yeah, definitely. Right. Yeah, because you can't be a hypocrite, right? Right, right. So it's a great motivator and it really i don't know it it was um it was exciting for us to take these steps a little scary but exciting how weird is it to be right now in the middle of this coronavirus mess and not have a payment in the world that's got to feel great it is we are so thankful truly truly just so thankful. We've got the emergency fund in the bank. You know, we're still working.

It is a great, great position to be in for sure. Yeah, it's very, very weird how you go, I knew this was smart, but now I feel like a genius. Oh, absolutely. Yeah, truly. Very cool. What do you tell people the key to getting out of debt is now that you've done it? House and everything. Stay the course.

Just, you know, keep on pressing forth, and it'll take time, but all good things do. And I think it's always a good time to start. Like it's always the right time to get on the right track. And even when you have months where you're not motivated or you overspend or whatever, it's always the right time to get back on track and just stick with it. Just stick with it because it's worth it. Yeah. Who were your biggest cheerleaders through the six years other than the two of you?

Well, we have some friends of ours, Anna and Brandon, and we actually gave them the total money makeover as a wedding gift like five or six years ago. And they have kind of gone through the same track in their marriage, and so we've been really big cheerleaders for each other back and forth. And we've got other friends as well, the friends that we're with right now, Gary and Sherry, they're great supporters of us. And, yeah, so we've got a good group of friends around us, thankfully. Yeah, very cool, you guys.

So six years is a long time. What was the hardest part of this? I think it was probably my spending nature. So I work, of course, with a lot of technology being in cybersecurity. So anytime new gadgets come out, it's very hard for me to not buy them. So that for me, that was probably the most difficult was not being able to buy all the little gizmos and gadgets that I wanted. What kept you from doing it? So most of the time we had a pretty solid budget, and of course it wasn't perfect,

but I really wanted to be debt-free. It was different than what I had grown up with, so I wanted to do something different for my own family. So the budget kept you honest because you had made a promise to your wife? Correct. I mean, when you agree on a budget, you're making a promise to each other, right? And you were more concerned about honoring that than you were a gadget. Absolutely. Yeah.

That's the power of giving yourself guardrails, giving yourself boundaries. And you say, I'm doing this for someone more than just myself, and I want to keep my word. I want to honor this contract that we've done. And that's a very valuable thing for couples to have. Yet another reason to keep that budget up to date, right? That's right. It's a very powerful tool.

Yeah, absolutely. And I feel like as we got rid of debt and closer and closer to getting our mortgage paid off, I mean, just the sense of true freedom. And when you look at debt as a tool of enslavement, then the more you can get rid of it, the more exciting it is. And that's just been such a great motivator for us. We don't want to be in chains, slaves, tied down to anything. So freedom is what it's all about, right? Like Jesus came for our freedom on every level, including in our finances. Amen. Well, well done, you guys. We're proud of you here. We got a copy of Chris Hogan's book,

Everyday Millionaires, for you. That's definitely the next chapter in your story. You have not a payment in the world. How old are you two? We're 37 and 43. And zero debt. I love this. No house debt. Nothing, baby.

You did it. Yeehaw. I love it. All right. Jason and Leah from Las Vegas. Count it down. $102,000 paid off in six years, house and everything, making $85,000 to $135,000. Count it down. Let's hear a debt-free scream.

Three, two, one. We're debt-free. That's how it's done right there I love it Well done you guys Very well done That is so fabulous Open phones at 888-825-5225

888-825-5225, 888-825-5225. If you haven't heard, you need to go to DaveRamsey.com slash hope. That is our special coronavirus version of a website that we popped up to say, hey, if you're sheltering at home, you're facing some stuff right now financially, we want to make some things available to you. And there's lots of items there at almost nothing or nothing in cost. For instance, you can go through Financial Peace University's free 14-day trial period and jump in there and you can watch the videos and learn how to do your budget

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