The Ramsey Show - App - Taking Ownership of Your Money Without Letting It Own You (Hour 3)

Episode Date: February 27, 2019

The show about you

Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Rental Car Studio. This is the Dave Ramsey Show. It's where America hangs out to have a conversation about your life and your money. Sitting in for Dave Ramsey this hour, I'm Ken Coleman, host of the Ken Coleman Show on SiriusXM. It leads into the Dave Ramsey Show. And I'm thrilled to be joined in studio this hour by best-selling author of Love Your Life Not There's my good friend, Rachel Cruz. Rachel, good to see you.

Thank you. Good to be on with you, Ken. Yeah. So I hear that you hosted an hour of the Dave Ramsey Show solo. I did. And I hear good things. Oh. How was that?

It was very kind. It was good. It's a little intimidating. You know, I'm used to having you or Hogan next to me yeah you're like my security blanket yeah yeah uh flew solo but it was good it was fun we had some great questions and calling but i heard you had a little freakout moment for me because people that aren't in the radio world you have to hit your clock and so that's a little bit of the i was watching the the last two minutes on the Dave Ramsey Show YouTube channel. Yeah.

And there's a delay. Yes. And I had just finished my live show. And so I was watching proudly, cheering you on. And I didn't realize there was a delay. So I thought you were going to run out of time. And you were so smooth. You were so awesome.

And I got to ask, before we get into calls, we're going to take your calls, folks. I love it. Because Madison, you were pacing. You're like, I don't know what she's doing. Oh no, Rachel. Oh no. I've got to tell you. I was a little big brother there.

I was like, oh boy, she's going to land the plane. She did a great job. She's going to screw it up. I've got to ask you this. You've been on Dave's show hundreds of times. It's crazy how much you've been on the show. But you never hosted. Was it a little cool to sit in the chair?

You grew up with this thing. You've been around from the first days. You've watched the show become what it is. You're now a part of this mission. It had to be cool. I kind of wish you had said that to me before. I was so in the moment.

I was like, okay, one segment's out. One segment's done. I have three more. I have three more I got to do. So yeah, you were just so nervous. I was nervous. Yeah, yeah, yeah. I mean, I was fine, right? You were wonderful.

I knew I could do it. Yeah, you were great. But it's one of those stretching things. And everyone has this. Everyone out there listening, there's things in your life that you're not comfortable with. That's right. It may not come natural, but in order to grow, you know this, Ken. You've got to be stretched. You've got to do things out of your comfort zone.

And then sometimes you mess up. Sometimes you succeed. And so thankfully today, hopefully, was a success. I had a lot of fun. But I'm glad to be back. I'm glad to be back with you. Because I like having people in. I realize that, too.

It's so lonely in a radio studio. There's glass walls everywhere, and people are just looking in. I'm like, I want to talk to someone. That's right. Besides just hearing their voice. So it's great. You did a great job. We can head to calls.

888-825-5225. 888-825-5225 is the number to jump in. We'll take your calls on money. We'll take them on career. It is your show. And we start off with Natalie. She's calling right here in our hometown, Nashville, Tennessee. Natalie, how can we help?

Hi. Thanks so much for taking my call today. Tennessee. Natalie, how can we help? Hi, thanks so much for taking my call today. Sure. Absolutely, how can we help? I am calling at the beginning of this year. I really wanted to take ownership of knowing how much I was spending and giving and saving and using the EveryDollar app. But I have found myself in this tension that I would really love advice on of how to be in control of your finances, but not be controlling of them.

That's a great way of putting it. I would say when you are in control of your money, it does not control you. I mean, because you're the one in the driver's seat. So I think sometimes, especially early on in the process, you can almost become consumed by it. It's kind of like that's all you're thinking about. And it feels like, oh my gosh, money has just become an idol. It's taken over my life. But it's almost like learning to ride a bike. You're going to be a little unstable.

You may kind of go one way or the other. But once you get your rhythm and your habits and you live on a budget more than, you know, give yourself about three months, you know, you're in your fourth, fifth, sixth month of budgeting, it just becomes more of your ebb and flow of life and it becomes less like the number one thing. I feel like when you start anything new, right? Like if you're training for a marathon or you're losing weight or you're fixing your money situation, whatever it is, like it's on the forefront of your mind because you're working on it, which is a good thing. But once you kind of get some patterns in place, I think that that kind of backs off.

Is that kind of what you're asking? How do you not let it just consume you? Exactly, yeah. Yeah, I would say, yeah, since you're early on in this, Natalie, you said you started this at the beginning of the year, give yourself some grace. I think it's totally okay that you think about it a lot because you're working on it. And again, once you get those good habits in place it becomes a part of your life instead of it feels

like your whole life. Yeah, great advice there. 888-825-5225. Ken Coleman, Rachel Cruz sitting in for Dave Ramsey this hour on the Dave Ramsey Show. We go to Los Angeles where Diego is on the line. Diego, how can we help? Hello, Mr. Ken.

It's an honor to speak to you and Rachel. It's our honor. Thanks, Diego. How can we help? Hello, Mr. Kim. It's an honor to speak to you and Rachel. It's our honor. How can we help today? So I've been in the industry for over 10 years, and I downloaded your PDF on how to write a perfect resume. The issue I'm having with it is how do I lift adding all the things you have on the sheet plus my work experience on a one page?

Yeah. Well, what are you looking to actually move into? What is the work that you hope this resume is going to help you get a job in? Well, the next step of my career, I want to become a creative director. Currently, I'm a visual designer. Okay. And I've been doing it for the past 10 years, but I'm ready to jump on the next step, which is creative director. Okay.

So here's what we want, Diego. And let me give you the context. And I know you downloaded the PDF. And, folks, Diego's talking about the How to Flip Your Resume resource at KenColeman.com. And what we recommend, Diego, is to put it on one page, and here's why. We know from multiple pieces of data through several studies that the average hiring manager spends about 6 to 60 seconds scanning a resume. So you think about how quickly somewhere between 6 and 60 seconds goes.

If you've got multiple pages of resumes, here's what's happening. They're missing a lot of it. And so what you are going to have to do, and we challenge you on this, is to put the relevant information only on the resume. So you've got to look, if you've been in the industry 10 years in the movie industry, you have to look at, okay, here's my most relevant, or another one might be most recent, most impressive work that sets me up for this new position. So you have a very clear idea of the position you want to get into.

And so of all the things you've done, your body of work, what is most relevant as it relates to a person that you're going to put that in front of? And they look at that and they scan, they say, okay, wow, Diego's done this. He's done this for this company. He's done this project for this person he's worked with these people that's what we're looking for and so it forces you to be very very efficient and if you look at the template at the very end of the pdf you're going to see how we lay it out so that you stand out in its relationships relationships relationships remember

that the most important part of the resume is who you know. That is what is going to help you get hired. Because we want you getting a job interview because somebody walks your resume into that decision maker and says, you've got to know about Diego. I've worked with Diego or I've worked with someone who I really, really trust and they brag about Diego. When that happens, all of a sudden, you're going to get the phone call. So don't overthink it. The most relevant information, and if you can say it in 15 words, you can probably say it in 10, maybe 8.

It's all about editing because a resume is a brochure. 888-825-5225 is the number. I'm Ken Coleman, joined in studio by Rachel Cruz this hour as we take your calls on money and career and life. We're here for you. Don't move. More of your calls right around the corner. This is The Dave Ramsey Show. You know, I hate to see people waste money,

but that's exactly what happens when you buy an identity theft plan that guarantees, quote, you won't become a victim. Well, the reality is you can't prevent identity theft plan that guarantees, quote, you won't become a victim. Well, the reality is you can't prevent identity theft. All these credit monitoring and preventative plans with their fine print guarantees are just a bunch of hype. Our personal information is everywhere and you can't control who gets access to it. Why do you think there's so many data breaches? Thieves steal your personal information and use it for medical ID theft, social security,

IRS fraud, and even criminal activity. None of this shows up on your credit report, which makes these plans a waste of money. You need a plan that protects you against all types of ID theft and takes over all the work if you become a victim, since that is the real nightmare. That's why I only recommend Zander's plan, and I have for years. I have it on my family and all my team members.

It's the only plan worth buying. Go to ZanderInsurance.com or call them at 800-356-4282. Welcome back, America. You're joining the conversation here on The Dave Ramsey Show. I'm Ken Coleman, joined by my colleague and good friend Rachel Cruz. This hour, as we take your calls about money, life, career, it's your show, it's your phone call, and it is a free call. 888-825-5225. 888-825-5225.

We go to Shannon, who's on the line in Salt Lake City, Utah. Shannon, how can we help? Hi, Ken and Rachel. Thanks so much for taking my call. Sure. My husband and I are in our late 20s and on baby steps 4, 5, and 6. Yay. Recently, my mom commented in passing that my brother and I may have to come together and chip in to pay her bills someday.

She's been dealt a pretty rough hand in a lot of ways in life, but I also feel like she hasn't made the best decision financially either. So how do I kind of navigate this situation? Yeah, this is a hard one. This is a fun conversation. Not for her. Not for you, Shannon. Yeah, this is tough. Okay. So when it comes to talking to people in your family that you're close to about money, this could be a parent to an adult child, an adult child to their parents, maybe even like a brother or sister. I always say you have to go into the conversation with a lot of respect, a lot of humility on your part, and almost look at it as if you're

talking to a friend. And what that does is that kind of just shapes your attitude going in. And you have to check yourself before the conversation because it could be easy, stirred up, you know, this like knee-jerk reaction of like mom but are you kidding me like we've killed it to pay off debt we've sacrificed like no mom you know like it can be this easy go into kid mode almost emotionally and so you do have to kind of gear up for it but what I would say is to sit down find a non-threatening time you know maybe it's over dinner or something and kind of just casually bring it up at first and just kind of dip your toe in the water and, you know, just say something

like, hey, mom, you know, I was thinking about it. You know, we've done, what's your husband's name? Jordan. Jordan. Okay. So, you know, Jordan and I, you know, we've really gotten to some great money habits. Like we're budgeting, we're feeling in control, we're out of debt. Like, which means when our income comes in, mom, I can't believe it. We get to keep it and decide what to do with it. Telling her, first and foremost, the benefits of what you've done and what you've experienced with the plan, and then turn to her and say, mom, I've been thinking about it with you. I would love to help you if you want my help or anything to help you start working your way through this because it's so helpful, mom, because not only is it going to help you, working your way through this because it's so helpful,

mom, because not only is it going to help you, but also you're going to get to leave an incredible legacy to your family. And I know you don't want this feeling of living paycheck to paycheck all the way to retirement and having nothing at retirement. That's stressful. I want to help you walk through this. And so it takes a lot of humility and in the right spirit and see how she reacts. Some parents are like, you know what? You're right. That's a good conversation.

Let's talk more about it. And you guys can further it on. Or if it turns negative and on its head, there is a point that you do not have control over your mom's situation, just like she doesn't have control over you. You're a grown adult. She's a grown adult. So at the end of the day, she's going to have to make her own decisions. But I would say that's a really good effort starting point to kind of talk. Talk about what you've seen

and your progress with your life. And then also things that you can do to maybe help her along the way. Yeah, it's big. But that's hard. And I've talked to my friends about this. I've had two friends and they say that about their parents. They're like, man, I don't know. But that's hard. And I've talked to my friends about this. I've had two friends, and they say that about their parents.

They're like, man, I don't know. Here's my concern. Shannon told us that mom has already told Shannon and her brother, you guys may need to come together to help me out. She's expecting them to help pay something off, whether it's debt, pay some bills. And my concern, Shannon, is the expectation. And the expectation is that you help financially. And that's up to you all to decide if you, A, want to do that,

B, should you do it, as Rachel just discussed. But I'm going to throw another thing in here to add, is that maybe your help is not a financial help, but it is an information help. And you come alongside of her, and I want you to hang on the line. We're going to give Shannon a copy of Dave's Total Money Makeover. Let's let that be gift number one. Hey, Mom, we're going to help you. Maybe get her signed up for a class.

Maybe you contribute for her to go to FPU. And so she feels this sense of help and support, but it's not just bailing Mom out. Right. Because I heard in Shannon's voice, she's also made some bad decisions. Yeah, no, it's a great point. And I've heard other people along with family members that it's like,

if you're in a position, Shannon, that you feel like you can help and you want to and you and your husband, Jordan, decide, you know what, we're okay giving it back, then it can almost be this, that it's contingent upon her

making changes. So it's like, hey, mom it's contingent upon her making changes. So it's like, hey, Mom, if you pay off $1,000 debt, we'll help you pay off $1,000. We want to see you win. And so maybe there's some contribution. If you guys decide as a couple that's what you want to do, that you can, versus this enabling, oh, yeah, you don't have to take care of yourself. We're going to take care of it. Because that's not good for your mom either.

888-825-5225. Ken Coleman, Rachel Cruz, sitting in for Dave Ramsey this hour, taking your calls. Money, life, career. We go to John, who's on the line in Denver, Colorado. John, how can we help? Hey, how's it going, Ken? I was calling about emotional ties, switching jobs in the same industry to a different company. Emotional ties to the people you work with.

If I switch companies, then, you know, I could meet my financial goals quicker. Do you have an opportunity that's right before you to actually move? You got a job offer? Yes, that's correct. So what are you calling me about? You worried about telling this company that you've put some time in, and you're worried about maybe making them upset or leaving some really good relationships? Is that what you're fearful of?

What's the story? Yeah, yeah. Like, how can I deal with that? How do I know it'll be the right choice for me? I mean, it would cut my financial goals into half the time. Yeah, okay. So there's a big check mark right there, John. Okay, that's top of the list.

This is a good financial move for you, so check that one. So you know what I'm going to ask you? Is it work that you're good at? Can you do the job? Oh, absolutely. Check. That's something that I'm good at. All right, there's another box checked, and here comes the third one.

Is it work that you really enjoy? Well, I enjoy the work and and yeah you know okay not too bad good so we've checked the three major boxes there's no reason why you shouldn't take this new job opportunity the only thing you're fearful of is is making some people upset and here's the. You can handle this by simply leaving in a great way, thanking your leaders, thanking your co-workers for all the memories, all of the experiences, the investment, whatever it is. Thank you for this opportunity. This was so great, but I've got a better opportunity. And this opportunity is good for me for one, two, three reasons that I just walked

you through. And anybody who's not happy for you because of those scenarios to make your life better, to advance your life, then they're really not the friends. They're really not the great people that you think they are. And I don't think for a moment that that's going to be the case. But your fear is about probably a strong case of loyalty that you have, and that's understandable. That's a natural emotion. But you don't owe anybody a life of average. Ken, I have a question for you. Nobody. You don't owe anybody average. No, you don't. I shouldn't have cut you off there on that thought. No, I just wanted to throw it back out there. It's good. It's good. Okay, so what I was hearing, though, a little bit in his tone,

I was just curious your thought real quick. Okay, but what if it's an environment that he loves and it's with people he loves, and his other job may be a little bit more corporate and stale, and it's like, ugh, the environment's not as great and not as enjoyable. What do you say about the environment piece? Well, he didn't bring that up, but let's say that's the case. He needs to, before he takes it, we could add a fourth box to that checklist. Yeah, add some lists. And that is, have you talked to people that work at this place and asked them, what could add a fourth box to that checklist. Have you talked to

people that work at this place and asked them what kind of a culture is this place? Is it worth it if it's a bad culture? If all those other boxes are checked? No, I'm glad you bring that up. There's always a better place. We don't settle. I would never recommend somebody take a good

pain job, a better pain job in a bad culture. Trust me, that's not going to work. Totally. Over a long time, yeah. But it feels like you can just hear his heart. He just, you know, this idea of walking in and telling his friends that he's worked with for a long time, maybe a leader who gave him a shot. Yeah.

Should I do this? Yeah. Well, absolutely. Who's the football coach? Is it Nick Saban? Oh, I'm a Tennessee fan. I can't believe I'm about to quote Nick Saban. Isn't he the number one, as they all hold up their Alabama coach,

isn't he the number one coach that he has more assistant coaches that have gone to be head coaches than any other? Probably, but I can't verify that. There's some sports fans. I don't know if we can verify that. To your leader, it could be a compliment. Yeah, absolutely. Yeah.

The point is this. If you've got a better opportunity, don't feel guilty for advancing and leaving others behind. That's what he's dealing with. And you've got a better opportunity, don't feel guilty for advancing and leaving others behind. That's what he's dealing with. And you should never feel guilt about advancing. Don't move. More of your calls about money, life, career here on The Dave Ramsey Show. Why in the world would you trust some random guy in a cube when getting your mortgage? Do you really think he cares about your long-term money goals?

Well, he doesn't. Those companies care about getting you into whatever home loan program they're pushing that week. When it comes to ordering a cheeseburger, the meal deal works fine. But let's get real, people. We're talking about the largest investment you'll probably ever make, so don't be naive and trust an order taker who pressures you into a prepackaged loan. My friends at Churchill Mortgage have been helping my listeners for over 25 years. Call Churchill Mortgage and get custom solutions from an expert within 10 minutes.

It's simple. They'll shoot straight with you and quickly show you the real way to save money. Call 888-LOAN-200. That's 888-LOAN-200. Or visit churchillmortgage.com. This is a paid advertisement. NMLS ID 1591. NMLSconsumeraccess.org.

Equal housing lender. 761 Old Hickory Boulevard. Redwood, Tennessee 37027. Welcome back, America. This is the Dave Ramsey Show. I'm Ken Coleman, joined by Rachel Cruz this hour as we sit in for Dave Ramsey. 888-825-5225 is the number to jump in. Question for you. How many of you right now have a pile of unpaid bills on your kitchen table that never seems to shrink? If that's you, don't feel guilty because you're not alone. Most Americans are living paycheck to paycheck, but you don't have to live that way. Financial Peace University is

our nine-week course. It's helped over 5 million people learn how to pay off debt, save for emergencies, build wealth, and give generously. Why not you? To learn more about Financial Peace University, go to DaveRamsey.com or call us at 888-22-PEACE. That's 888-22-PEACE, or you can go to DaveRamsey.com. 888-825-5225 is the number. Let's go to a social media question, Rachel.

Dan in Arkansas asks, my wife and I have four sons, ages two to eight. Should we pause, have a moment of silence? Four boys. To pray for Dan and his wife? Good job, Dan. My goodness. And we have been using Financial Peace Junior to teach the boys the appropriate way to handle money. A few times a month, my oldest son will ask me, Daddy, how much money do you make?

I'm laughing because I've had that question before. I was going to ask, have your boys asked that? Yeah. And I always go, well, it's none of your business. Because I don't want them telling all their friends. I know, right? And it seems like Dan has the same problem. He says, I usually stumble my way through an answer that eventually gets to some version of,

I make enough money at my job to support mom and staying at home with you and your brothers, pay for our house, and allow us to do fun things. Is there any guidance on when and how to tell your kids how much money you make? Actually, I'm going to sit back and let you tell me the same thing, because I'm not doing a very good job of it either. No, I mean, I think that that's a fair, especially, I mean, the oldest is eight. Yeah. Yeah, they have no concept, no concept of actual dollars, right?

I mean, like, they don't really know. So, no, it is not helpful to give him a dollar amount. I think what you're saying is exactly right. I think kids want to feel secure and safe and to say, you know what, like you're going to be taken care of. Everything's going to be okay. You never have to worry. You're good, mom. Yeah, I think his answer is actually perfect. Like I make enough for us to live the life we live and that's great. But when you have your adult kids, this is always interesting because there does become a transitional time where you do want to open up more about your personal finances and say, okay, this is where we're at. When your kids are at an

emotional age that they could handle it. And so for the Ramseys, we were all told at the same time. And I think, gosh, I was probably 21. Daniel would have been 18, 19, and my sister, what is that, 23, 24. So we were early 20s, right, like early 20s. And that was the very first time they kind of opened the books for us to say, okay, here is what it is. Because there gets to be a point in your kid's adult life that they're going to be the ones handling your money if something were to happen to you, right? You were to pass.

They're the ones that are going to be transitioned into helping clean some stuff up, figure it out if money is being passed to them that they know. But until that point, I would say it's probably none of their business. And especially teenagers. I'm like, because a teenager, I mean, the average teen, I read this study, which is so funny. They thought the average teen in America, this was probably three years ago, believe that their first job out of college, they're going make 150 000 a year yeah i know i know i know

that's what i'm saying it's like they don't have a real true concept so you could throw out any number yeah and they're either like oh my gosh we're rich and you're like no we're actually pretty average or you could say something like that's it you're like no no that means we're doing pretty good like there's not an emotional range of where they can know and understand. So I think to the point that the kids will be in charge of your money if something were to happen to you, that's when you can start having that discussion. But it is an important discussion to have because I meet 45-year-olds, and they have no clue what their parents' finances are.

So there has to be communication at some point, adult to adult. Dan, you're a good dad. You're way ahead of the game. I know. Relax and just play and build Legos. 888-825-5225. 888-825-5225. We go to Sarah, who's on the line in New York City.

Sarah, how can we help? Hey, guys. How are you? Good. Doing great. Thank you so much for taking my call. Sure. So, I am in a car situation.

Well, I have an old car that I inherited, so I paid $0 for. It's got many miles, almost 200,000, which I'm very proud of. But now little things are breaking. You know, my husband, we're newly married. He's kind of pushing toward a new car. Me with large purchases are not my favorite. It's a huge decision. We're still on baby step two, getting him on the baby steps. What do you recommend? You know, I, For example, I have to get new tires for it. That's $400, $500.

Do you recommend keeping this car, keep it running, or should I start saving for a new one? I really don't want to finance or lease. I know it's not okay. I just need a little guidance here. Yeah, well, you're exactly right. You don't need to finance or lease a car. That's like not even an option for you. Because I don't want you going back into the hole of debt. You guys are on baby step two, you're working way out. And I'm like, I don't want you to go under it for, again, a symbol that goes down in value, like a car is not an investment. Like, you know,

so that's why you how you have to look at it. How much have you, like Kelly, blue-booked the car? Do you know how much it's even worth? My car? Oh gosh, it's only worth maybe $1,000. That's what we call a beater around our place. That's a good thing.

Sarah, I know it's not pretty. I know it's not fun. I know things are probably falling apart. Maybe the radio stopped working. I get it. I totally get it. And I don't want you to drive this car forever. Okay. But during this time, while getting out of debt, stopping just to go get a nicer car in the process, it's going to pull you back from the baby steps. It's going to pull you towards not getting out of debt as quickly as you can. So I would definitely say if you need some new tires, save up, put the tires on, use the

emergency fund if you have to. Like if literally there are no tires in the car, like I have to get new tires. That's what the emergency fund is there for. Or if you have a little bit of time to save up on the side, some cash to cash flow tires, keep it running for this time. So how much debt do you guys have for Baby Step 2? We have about $32,000. Okay. How much do you guys make? Our household income is $129,000. Oh, Sarah. What's the expected payoff date? You got a date in mind?

We're still working on our budget, how much to keep chopping away. I mean, I have the high expectation of 12 months, but we're still kind of learning. So, I mean, that's my expectation, but I'm thinking maybe a little over that, a year, year and a half. Okay. I would put an aggressive goal in place. I know you're living in NYC, which is more expensive than, say, Kansas City, right? I mean, there is a standard of living. Yes, that is going to be more expensive. I get that. But if you guys are making $129,000,

you have $32,000 of debt. Yeah, I think you can do this in a year. I think you live like you're making $70,000 in New York, and you pay this thing off, and you get out of debt. You build up a three-month emergency fund, and then save up and get you a great car. So it's not going to take you that long i mean you can drive anything for a year year and a half in your new york i wonder what part of the if she's in like a sub you know where

she is i'm like if you're in manhattan you're just taking subway she's probably not in manhattan but like i don't know i just if i were you again sacrifice head down get this paid off as have an aggressive goal and what's fun is when you have a goal with your spouse and it's kind of aggressive and you're kind of like, oh my goodness, do you think we can do it? Winston and I have had that. We have this goal for January. So we've been doing it for close to a year. And we're like, can we save X amount for this thing we want in a year?

And it was kind of crazy. Lofty goal a little bit. We're like, do we think we can do this? I'm like, let's try. And it almost turns into this weird fun game where you're like, okay, let's do it. Give yourself a challenge. And when you and your spouse work together on something that's a challenge, it's amazing the unity that's created. And so getting out of debt, get a lofty challenge. So you know what? We want to be debt-free close to the new year. I mean, it's a lofty goal, but man.

But here's the thing. Great advice. Because when you don't reach a lofty goal, but man. Here's the thing. Great advice. Because when you don't reach a lofty goal, you're not sitting around feeling like a giant failure. There might be some, oh gosh, we didn't hit it. But you sit back when the smoke clears and you go, wow, we still did some amazing things. Whether it's a year, year and a half. Here's the thing. I feel like I heard your book coming up in my mind. Love your life. You're going to be out of debt.

Love your car, not theirs. In a year, year and a half, you're going to be out of debt. Yes. Who cares what everybody thinks about your car and your bald tires? Amen. That's good, Ken. Who cares? 888-825-5225.

That's the number to jump in on the conversation. Ken Coleman, Rachel Cruz, sitting in for Dave Ramsey. This is The Dave Ramsey Show. Don't go anywhere. Welcome back, America. This is the Dave Ramsey Show, where America hangs out to have a conversation about your life and your money. I'm Ken Coleman, joined by Rachel Cruz as we sit in for Dave Ramsey this hour. 888-825-5225 is the number to jump in. 888-825-5225.

We'll go to Colorado Springs, where Ben is on the line. Ben, how can we help? Hi, Ken. Hi, Rachel. Good to talk to you. Good to talk to you. Thank you. I need some help reapplying for my current job. Okay. What does that mean? I currently found out that the job I'm doing is shifting from my current supervisor to a new supervisor.

They're shifting nine positions into a team of four, a specialty team of four. But we have to reapply. We have to reapply and use cover letters and resumes. Now, the proximity principle says I have to know somebody. I've known both the supervisor and the manager for the last 25 years. I've worked with them over those 25 years. My question is, how do I fill out this resume and required cover letter? I already heard about not using cover letters, but how do I fill this out and remind them that we've known each other for a long time? Well, this is crazy. I feel like we're in a Saturday Night Live skit here.

I'm not trying to be silly here, because the stuff I teach is largely irrelevant here, Ben, because you actually know these people. You've worked with these people for a quarter of a century, if I heard you correctly. Can I just ask a really dumb question? Sure. Why are they making you?

Did they tell you why i get that they're shifting but they're opening up to other people outside i understand that but why would they make you do something opening up just within our team um our area it's like 70 people where only nine used to do the job now they're making it available for 70, and they're bringing it down to a team of four. Well, here's the deal. This is the goofiest thing I've ever heard. Do you feel like this is goofy, or is it just me? Yes.

Yeah. Okay. Fans like this are stupid. Okay. So I've got to tell you something. First of all, you don't need the proximity principle here. I appreciate that. For folks who don't listen to my show, that says that in order to do what you want to do,

you've got to be around people that are doing it in places that it is happening. That's how you get opportunity to move up. That's not for you here. This is such a random, weird situation. What I would tell you is use my resume template. You know why? Because it looks different than the other 70 people are going to submit, so that's kind of cool. I mean, this is all goofy.

You know these people for 25 years. So if they want a cover letter, do what they're asking you to do. I mean, this is kind of one of those, okay, yours is not to reason why, but to do or die, so be a good soldier. But here's what I would do on a cover letter. I would write an essay about how much you love the company, why you love the company, what you're looking forward to with this new position. I mean, let your heart spill out all over the page, because here's what I think is going to happen. I think the other 70 people think this is about as goofy as you do, and they're just

going to go through the motions. So you might as well give everything you got and go to the nth degree. And as far as the resume goes, I've already given you the template. It's a PDF at KenColeman.com. Just go ahead and do it that way. And listen, do it like you don't know them, but just play this thing out. I just think it's the goofiest thing I've ever heard. It's so funny.

Oh, it's bizarre. And then he's like, but they know, I don't know. Yeah, whatever. Yeah, this is not a leadership program. We've got a special Entree Leadership Hour of the Dave Ribsey Show coming up soon. Maybe we'll bring this up. But you know what? I'm just trying to help you, Ben, land the job that you want.

So go for it. 888-825-5225 is the number. We go to Emily next, who's on the line in Houston, Texas. Emily, how can we help? Hey, guys. How are y'all? Good. Doing great.

Good. My question is regarding my husband's job. He and I currently both work at the same company, and we work with like a bakery. And he actually has a degree in drafting and engineering, and I can tell he's totally missing it, but he won't change careers because it will be about a $15,000 to $20,000 a year pay cut. And he's a 6-year-old man in a 20-year-old body. He's like, I need to provide for you. What can I do to help him see that it is okay to start moving toward what his career goal is

and not just a temporary job to pay bills when we make more than enough? Yeah, you're a great, great lady, Emily, and a great wife. And I think the first thing you need to do is help him see and cut through the provider lens that he's got on. All he sees is that 15. Did you say 15% cut? 15 to 20,000 a year. Oh, okay. Gotcha, gotcha, gotcha.

Okay. So the point is he sees that number. And there is something about a man and a good man knows that they should provide, and men more than women, unfortunately, guys, we're this way. We have so much of our personal identity wrapped up in our provider role and in our work. And it's a noble thing. It's not a bad thing. But Emily, I think what you have to do is lead him a little bit and show him that it is possible for us to make some sacrifices. So if we do this, this, this, and this, detail it out, that's how we make up that $15,000 to $20,000 cut.

And I think, hun, that it's only temporary, because if we get you doing work you love in a place that's got a great culture,'s probably a ladder and you're probably going to replace that 15 to 20 000 in no time and and here's what i'm willing to do by the way and i'm on board i want you out of the bakery we work together i want you out of here i want you doing what you were created to do he's got to hear that support which i think he already has what you have to prove to him is that the $15,000 to $20,000 pay cut is a temporary step back. Now, here's the asterisk with that advice. I think you need to help him do some more research. I'd be willing to push back really hard that he might be able to move from that bakery roll into something that he loves that doesn't actually require a pay cut. I just need to know for sure that he has to.

Maybe you've identified one role at one company that if he makes that move, it's a $15,000 to $20,000 pay cut. But based on the work that I'm hearing, that's an in-demand position. We are in a super hot economy. So maybe help him do some more research. Find some other jobs that are in that field that he's qualified to absolutely fulfill and show him how he's going to make more money. Rachel, I just think from the wife's standpoint that she's willing to do this. That's huge.

But I think she has to help him see this isn't a dumb, silly, selfish move. Right, and he's 60. Well, she said he's a 60-year-old and a 20-year-old body. He's a young guy, but he feels old and axel because he doesn't love the work. Is that what she said? I thought he said he's a 60-year-old in a 20-year-old's body. So, yeah, he's young at heart, but he's 60. All right, regardless.

Whatever, okay. That's what I was going to riff on because I'm like, hey, if he's 60, if he's not 60, then this doesn't make any sense. But if he's 60, I'm like, hey, if he's 60, if he's not 60, then this doesn't make any sense. But if he's 60, I'm like, he's not 35. He's 60. So you only have so much time left that you're going to be working until retirement anyway. So do what you love, period.

Do what you love, no matter what age you are, but in a wise way, which I think that's exactly There is always a way to make sacrifices. And what seems like a financial step backwards is not if it's a part of a bigger plan. Right. You know, I've said this before. I've asked this question on my show to callers, on social media. What are you willing to give up

in order to move up? So we're sacrificing a little bit financially to be able to make a professional move that does two things. Number one, fulfills me. And now I love going to work and I'm not having my soul sucked out of me Monday through Friday. And that affects two things. Number one, fulfills me, and now I love going to work, and I'm not having my soul sucked out of me Monday through Friday. And that affects you, by the way, emotionally and relationally.

How many hours are people spending at work? What did you say? 90,000 plus hours over the course of their life. Yeah, and this isn't like a dreamer, like, oh, great, great, great. But find something you love and you're good at, and put your life's effort in. Because when you are, you said this, but it's true, I'm like, great. But find something you love and you're good at and put your life's effort in. Because when you are, you said this, but it's true. I'm like, when you're doing what you feel like you're created to do and what you're good at, it's so much more fun. Yeah.

Than doing something mundane that you're like, oh, I hate this. Don't spend your life hating it. Now, will there be seasons of work you do to sacrifice to get ahead? Sure. But over the scope of your life, yeah, find that thing that you love. And here's the thing i find that when people when they listen to dave show and dave says hey beans and rice rice and beads drive the beater you know they'll go okay i'll make some sacrifices to get out of debt but for some reason it's harder for people to go i'll make some sacrifices to make the right professional

move i'm never in favor of saying hey just go make less money but the ideas do work that you love and sometimes you're gonna have to give up something in order to move up professionally and that's what we're dealing with here. Hey this was fun. This was great. It's flying away. And I'm still churning on the 60 year old, 20 year old. I think you're right. I think I was wrong. I'll say that for America. I was wrong.

I'm not going to tell you you're wrong. I learned a long time ago that telling a woman that she's wrong rarely ends up working out for you. Guys, there's a little extra advice there on the end. Hey, Rachel Cruz. It's great. Always fun to hang out with you.

Thanks. Yeah, check out my podcast, you guys, if you haven't. Rachel Cruz Show. There you go. Rachel Cruz Show. Hey, big thanks to Dave Ramsey for letting us do this, to our producer, James Childs, and our associate producer, Kelly Daniel, and most of all, you, America. Thank you so much for listening.

This is The Dave Ramsey Show. Hey, guys, it's Blake Thompson, Senior Executive Producer for The Dave Ramsey Show. This hour's over, but you can find more great content on our YouTube channel. Catch the most watched Dave Rants, debt-free screens, and the very popular Everyday Millionaire segment. Go to the Dave Rantz Show YouTube channel and click subscribe.