The Ramsey Show - App - The 6 Types of Working Genius (Hour 2)

Episode Date: October 28, 2020

Career, Debt, Business, Insurance Sign Up for a FREE trial of Ramsey Plus TODAY: https://bit.ly/31ricKt  Tools to get you started:  Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR     

🎵 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. Christy Wright, Ramsey Personality, is my co-host today here on the air. Open phones at 888-825-5225. That's 888-825-5225. Laura is with us in Lincoln, Nebraska. Hi, Laura.

Welcome to the Dave Ramsey Show. Hi, thanks. Thanks for taking my call. Sure. What's up? So I lost my job last week, and my husband and I are about halfway through Baby Step 2. My question is, do I stop that and pile up money, or do we keep going after the debt? What does he make?

Around $75. What did he make? Around $75,000. What did you make? Around $132,000. Whoa. Okay. Yeah. All right. What'd you do?

Managed, I'm a nurse by trade and then I manage a senior housing. So is your plan to start looking for something? I'm a nurse by trade, and then I manage a senior housing. Okay. So is your plan to start looking for something? Yes. Uh-huh. Okay. How much debt do you guys have, not counting your home? About $30,000.

Okay. Yes, I would push pause on the baby steps. Okay. I mean, you lost 65%, 70% of your household income. And so you need to just pay bills and stay afloat with his income. Sit down, look at the budget, tighten it up, comb through the details, cut expenses like crazy, and pile up as much cash as you can pile up. If you can save money, go ahead and save money.

Pile it up. Okay? Okay. Did you get severance? Yes. For how long? How much? Six months.

Six months. They're paying it out monthly? Yes. Okay. Well, then we know we can pile up cash if we stop everything, right? Right. Okay. And so here's the goal.

If you pile up some cash and you get a new job inside of six months, you got a signing bonus. Right. You get some extra money. If you get a job next month, you doubled your income for five months, right? Right. This could be awesome. Doesn't feel like it right now, does it? No.

Yeah. Hurts your feelings, pisses you off, those kinds of things. I understand. But I think if you can get your heads up above the pain of that and start going, the faster I land something, the longer my income is doubled. That kind of gets exciting. It could turn into a huge blessing.

You see what I'm saying? Yeah. Yeah. But if you suck your thumb for six months, it's going to be hard. Right. But it is normal to feel like you got gut punched because it sounds like you got gut punched. It sounds like you didn't see this coming. Mm-mm.

Yeah. I'm sorry. I know that hurts. It's a special kind of rejection. I remember a guy firing me one time in my 20s. He said, this is not personal. And I went, wait a minute, is somebody else? Of course it's personal, you butthole.

That's ridiculous. There's no one else sitting here. Of course it's personal, you butthole. That's ridiculous. There's no one else sitting here. Of course it's personal. It is to me. It's really personal to me. So, yeah, minor surgery is what happens to someone else, right? Yeah, so I understand. I get it.

But mathematically, you really could turn this into an opportunity. So what I would say is, yes, you're correct. I would stop everything, pile up as much cash as you can pile up. The faster you get a job. Now, let's say, let's pretend for a second. Let's pretend you piled up $30,000 in the next few months, and then you got a job. You would push play once you get the job on your baby steps again, which means you would write a check for $30,000 and you'd be debt-free that day.

Okay. So you're not going to really lose any traction if you pile up a bunch of cash. You're going to use it on the baby steps when the storm goes by, but right now the storm is called unemployment. Right. So, Christy, talk about the fear and called unemployment. Right. So, Christy, talk about the fear and the hurt of this. Yeah, I think, you know, we all have plans, and especially when you're paying off your debt snowball,

you have a plan, you have a projection of here's how long it's going to take and here's what it's going to look like. And what I love about what Dave just said to you, Laura, is that he's showing you how your plan could still happen or your goal still could be achieved in just a different way than you planned. And going through this is not fun. And I know that there is a part of you that is going, that is just feel so down and out. And that's real. And I hear you and I hear it in your voice. The thing that I want to encourage

you is when you get yourself back up, because you will, and dust yourself off, which you will, and you start moving and shaking and making things happen, and you're applying for jobs, and you're getting interviews, and you're starting to maybe even see something better where you're making more money, and you get this stuff going, and you get the ball rolling, you will come out of this stronger. And I know that sounds cliche, because just like you said, it doesn't feel like it right now, but you will come out this on the other side. And then what's amazing is you will be debt free, and it didn't happen at all how you planned, but it still happened. So I hope this encouraged you of what Dave said, how he painted that picture for you, because you were

probably feeling like this has completely derailed your plans, derailed the goal, and it doesn't have to. Every one of us have a little kid inside that's scared and a little kid says, oh, I'll never make as much money again. So I better take job making 100 i used to make 135 but the reality is that's not a rule there's no law that says that why can't you get a job making 150 and get it next month and get that get the whole five months of severance on top of that this could turn into your largest income year of your whole life there is no rule that says you move down or that this ends up bad. As a matter of fact, if you play it right, it probably ends up good. It actually ends up going, thanks, guys. You know, thanks.

Appreciate the tip of the hat there as I went out the door. Life is good. And, you know, you go that direction, that makes sense. But inside of us is that fear monster that says, yeah, you're never going to make as much as you used to make, you know. And, you know, I didn't. When I went broke the first year, I made a couple hundred the year before and I lost everything.

And, you know, I got back to 120, but I didn't get back to 200. It took me a while to get back up over 200 again. And then I decided to do financial peace, and we went from 120 to 60 because I quit doing real estate and started doing this stuff full time. And my wife's like, where's the financial peace? What are we doing? Where's the financial peace? You just took a pay cut in half twice?

Yeah. It went from a couple of hundred to 120 and then you know and then now you're going to go to 60 but she was in on the decision i didn't do it by myself so that that's it well i think there's so much of it too that's in reframing failure or falling down i was just speaking at business boutique last weekend and i used an example of sarah blakely her dad when they were around the dinner table when she was young would ask the family how did you fail this week and they would celebrate it because he said if if you're not failing, you're not trying new things and doing this. He reframed it for her. We're going to get back up. It's a stepping stone on the journey to success.

Oh, by the way, Sarah Blakely started a thing called Spanx. Yeah, just one of the youngest billionaire women in America. Yeah. How did you fail this week? It's a great question. This is the Dave Ramsey Show. You know, so many people have such a negative attitude about life insurance when it's actually one of the most caring and giving things that you can do. Still, 7 out of 10 families either have no life insurance or they don't have enough. I don't get it. Look around.

People die at all ages. I know it's sad, but that's reality. What's worse is when they leave their family unprotected, creating even more hardship. Yet somehow we find reasons not to get it done. It can't be the price. Term insurance is just plain cheap. Now, that's why I talk about Zander Insurance so much. Not because they're just an advertiser, but because they offer a crucial service that helps you and me.

Call them at 800-356-4282 or check out their rates at zander.com. Listen, in the end, you need to get past the unpleasant images and just make sure your family's protected. Be responsible and feel good about what you've accomplished. Go to Zander.com or call 800-356-4282. 800-356-4282. My friend Pat Lencioni is in town. He's the president of the Table Group, has sold over 6 million books. He consults with leadership teams in every sector of the economy, has worked with our team, has worked with the fine folks at Southwest.

My favorite books of his are The Ideal Team Player and The Advantage. Again, he's sold over 6 million books. The Five Dysfunctions of a Team. The famous book on silos. I mean, he's done everything. In town this week and hanging out. We always like to have him come by. We've been friends a long time.

This guy is incredible. And has a new assessment out, the six types of working genius assessment, which I took, even though I'm not a genius. I took the assessment. As it turns out, it came back and said, you're not. It was just a no. Yeah, not you. You know, we didn't sit down to make an assessment.

We weren't like the world needs it. I take all, I've done all the Myers-Briggs and all these different things. This came out of my own frustration and out of, we were just talking one day and I was doing a webinar for a bunch of priests and their staff. Okay. So I was doing a presentation like I do. And then afterward, I did a conference call, a Zoom call with the people that put it on. And then after that, I said to Amy, my co-founder, I said, Amy, we should do this thing on our podcast. We should do this. And she said, why are you the way you are? And I said, I don't

know. Half of it drives me crazy. Half of it I like. I wish I could figure it out. And we started talking. And four hours later, I had these six circles on a board. And one of our consultants saw the circles and he said, what's this? We explained it. The next morning he was with the CEO going through this and the CEO got emotionally tears in his eyes. It was like, this explains my whole problem. This is why I'm frustrated.

This is what I need to do. This is what I love. And we were like, maybe there's something here. So this came out by accident. Everybody we showed this to was like, this explains so much. This is about how to get things done. So like there's Myers-Briggs and Enneagram and all these things out there about

your personality, but this is one that you would actually use like, oh, Christy, you should be in a different job because you have geniuses that we're not using. Or, hey, you're frustrated because we're asking you to do things that you're not God-given gifts in, and you would be better over here. So Dave, you know, you talk about using Humble, Hungry, Smart to get the right people on the bus. This is about to put them on the right seat once they're on the bus. Ah, to use our friend Jim Collins. Yeah, exactly. Excellent, excellent. And so we actually have right here your results. My results. By the way, if you want to take the assessment, if you use the code Ramsey at their website, workinggenius.com, they'll give you 50% off the assessment.

How much is it? It's 25 bucks. And 50% off that? Yeah. Oh, my gosh. And everybody said you should have charged more, but we really want to change the world. We want every parent that has a college student to go figure this out now. Yeah.

You don't need to spend 10 years doing something that makes you miserable god gave you gifts and if you're not using them then you're not being everything you could be so so we we want this to just we want people to use it we want don't want them to think twice okay so all six of the geniuses geniuses show up in mine as either something that frustrates me or something i'm good at. Yeah, there's three categories. There's two of the six that give you energy and joy and you're naturally talented at them. And if you could do them all day long, you'd be happy. There's two that you're okay at, but they don't give you energy and joy. We call them working competencies.

And we all have to do that. Then there's two that are called working frustrations where you look at them and go oh yeah i had a job like that when i was a kid and i wanted to kill myself yeah and we should try to avoid a guy working for me one time i was trying to get him to do something he goes if i did that it would be like leukemia to my spirit right right we don't want to do that okay oh my gosh and do you know how many people are feeling guilty because they're not succeeding in a job yeah and they're like i must be a terrible person i don't work hard enough i'm lazy it's like no you're actually doing the wrong job yeah so the six are wonder and enablement invention and galvanizing discernment and tenacity that's

the six yeah and the order they go in, it's like wonder comes first. That's like pondering the bigger picture. Like, is something wrong here? I don't know what it is, but they like to contemplate. Invention is, I want to solve that problem. I want to come up with a new way. Discernment is, I'm going to evaluate this to see if this is stupid or not. I have a gut feel intuition.

Galvanizing is, I want to get people psyched gut feel intuition. Galvanizing is I want to get people psyched and moving. Enablement is I want to help. I want to help in what you need. And tenacity is I'm going to drive it across the finish line and make sure it actually gets done. Those are the six. Okay. So when I took this, I took it as the CEO of the company, not as the guy on the stage teaching or the guy on the radio. Right. Because it would be different. Absolutely. Because I do enjoy some of these things when I'm here on the microphone

that I wouldn't enjoy in my daily thing around the office here. Exactly. But you know something I just figured out about you and me? Because I've been here at the studios, and I've been on like four different shows today. The fact that you get to discern, every caller that calls in taps into your discernment, which is one of your geniuses. So they're saying to you, let me tell you my story. And you're like going, let me, let me, you're not saying, well, let me look in this book and figure out your,

you're like tapping into your gut feel and your intuition and going, this is the right answer. We can do that all day. But if somebody said, hey, here's an email, solve their problem for them, look it up in an actuarial table and send it back to them. That's that leukemia. Yeah, I would shoot myself. Right. So the discernment keeps you, because I listened to your show, Dave, because I'm like, Dave is still as interested in everyone who calls in as he was 10 years ago, 20 years ago.

And I think one of the reasons is because you love every story is interesting and it requires you to problem solve and so that is energizing to you okay that's good that makes sense and if i can give them the answer then they can go do it i don't need to necessarily walk with them that's why two two minute radio call and i never know what happened later right and that's that's okay yeah for me it is yeah yeah i'm real comfortable with that other people are just like i don't know what happened right like i don't care moving right along and yet you know when these people come and do their debt scream though yeah you know it's working yeah see it would bother you if you thought the stuff i'm giving them isn't working no no i wouldn't

know that but i'm just saying i don't have to follow each individual story to its nth degree. No. That doesn't. I can turn you loose with the information with freedom. Right. Yeah. So I was just talking to some people about you and Sharon sitting around when you started this. You identified this is what needs to be done.

You discerned that. And to you, you said, I'm going to do it. And there's a bunch of people in the world that have discernment that don't have tenacity which is one of the things you have you're like i'm going to finish this i'm going to make sure it actually gets completed so that's your geniuses discernment and tenacity yeah and it kind of makes sense when you look at this place and how it's grown i don't have tenacity dave well i would disagree but well i think we all have all of these to a degree it's just what which ones give you joy right and and i lose interest after the beginning of something and so i need people in my life that have tenacity to go come on you could do

better than that yeah okay so the things that give me frustration wonder sitting around contemplating and pondering things without a solution or without inventing something to go with it. You're sitting around and just like, yeah, let's just take three hours to imagine what could be wrong here. Yeah, I've been in meetings with him. He's not like that. No.

Get it done. Goodbye. I know that too. Next, next. And there are people, Amy, who works with me and my wife, they do this. They love doing this. This whole thing came about because Amy sat there with me one day and said, why are you the way you are?

That's what wonderers do. She didn't know the answer, but she said, this is kind of, this is crazy. You're kind of goofy. Yeah. And that's what starts so many of these things. Like there's a problem. I don't know what the answer is, but I know this isn't the way it should be. Yeah.

And then E, enablement. This is an interesting one. For followers of Jesus, it's hard to admit you're not an enablement person because that sounds like you're a nice person that helps others. We like to help people. I don't have this one either,

but we like to do it on our terms. If they come and they say, here's what I want from you. We can't help but go, well, no, no, no, no, no. I think this is what you really need. And when, well, no, no, no, no, no. I think this is what you really need. Yeah. And when they say, no, no, no, just do, my wife will say, I just need you to help me clean the garage.

I'm like, whoa, whoa, whoa, whoa. Why do you think you need to clean and how are you going about this? She's like, can't you just stand over there and do stuff when I tell you? And it really is a genius. Some people are great at doing that. Some people are like, I got to invent. I got to invent. I've got to discern.

Pat Lencioni is with me and Christy this hour for a couple of segments. If you want to talk to him about these six types of working genius, you can call in right now, 888-825-5225. 888-825-5225. Otherwise, we're going to continue the conversation because this is a great conversation right here on the Dave Ramsey Show. I'm a man. Pat Lencioni joins us for a couple of segments here. Christy Wright, Ramsey Personality, is my co-host today here on the air. We're talking about his new assessment, the six types of working genius assessment. If you would like to take the working genius assessment, it's $25. Oh, wait, it's half off if you use the promo code RAMSEY. So go to workinggenius.com, use the code Ramsey, and you get 50% off the assessment.

The six types of working genius. Now, this could be doing any task. It could certainly be at work. Are tenacity, discernment, invention, galvanizing, wonder, and enablement. That is not the right order. That's the way they fell out on my particular one after I took the test. I think I was one of the first guinea pigs when you first got this going. I got this like a while back. Oh, yeah.

And you know why? Because we said, let's pick people who we know. And when they take this, we'll be able to, if we can predict their results, then we know that it's got face validity. Oh, wow. Because we got this back and said, oh, yeah, Dave likes a wonder and enablement. We'd be like, okay, yeah, Dave likes a wonder and enablement, we'd be like, okay, there's something wrong with this tool.

And so we started getting it back from people we knew and going, oh, my gosh, this is them. This is valid. And so that's why I appreciate you doing it early on, Dave. So the difference in the working genius, the working competency, and the working frustration is it's kind of going down the spectrum from good to bad yeah working genius is the thing you're meant to do it gives you joy and energy i like to say like if you poured coffee in that cup right there and put a lid on it it's going to hold that energy that heat for a long time that's your working genius your working competency is something you can be pretty good at but it doesn't give you joy and energy but you could do it for a while

and that would be like pouring coffee there and leaving the lid off. Eventually it'll dissipate. And if you leave it outside, it'll evaporate. You're working frustration is there's a hole in the bottom of that cup and you're going to pour coffee and it's just going to go. It's not going to have any joy, any energy. You're not going to get from that. We should not be doing things in our careers that drain us of joy and energy. We have to sometimes. Nobody can get away from that completely, but you can hold on for dear life and get through it. But if you go to work every day and your job is doing the things that you don't get any energy and joy from, you're not going to succeed. You're not going to be happy. You're not going to be good

parent, spouse, friend, and you're not going to make a lot of money. Yeah. I think this is a really good point how you keep saying energy too, because I don't think a lot of people tap into their energy or pay attention to what gives them energy or drains their energy. A lot of people look at their tasks like this is what the job title is. This is what the job responsibilities are. You know, this is a silly example, but I was just on stage for three days at our business boutique event last weekend.

And it was one of those things where, of course, it's tiring because you're on stage for three days. But it's like that good kind of tired where you can't wait to wake up and do it all again. It's life giving. It fuels that energy. Everyone should be in a job where the harder they work, the more the more life giving it is. Yeah. And that doesn't mean they define themselves just by their job. But I should go home at night and my wife say, how was your day? I'm exhausted. It was great. It was the best. Yeah. But I used to be a bank teller in college. I would get home, I'd

go home in a break at noon and they, how was your job? It's exhausting and I hate it and the clock is moving backward for me. So if you're not doing the right thing based on your God-given genius and everyone has geniuses and it's a tragedy when they don't know what they are because you can't use them if you don't

know what they are. Yeah. Yeah. So, again, the assessment is the Working Genius Assessment, the six types of working genius. You can get it at workinggenius.com. The promo code RAMSEY gets you 50% off, 50% off. And it's only $25 to start with. So it's only $12.

Go take the thing. Hey, Dave, get this. I was working with a bunch of high-tech executives recently, and they did this. And we got the results back, and none of them had wonder. Wonder was in their lowest. So nine executives, none of them had wonder. So they didn't ponder things. They didn't sit around and say, what's wrong around here? What's going on? And none of them but the lawyer had invention. This is a software company. So we're sitting there looking at this and the CFO goes, well, this is our problem. We don't sit around and really look around what's going on in the environment or the market. We're not inventing any new products. We just like to get stuff done. We execute like crazy, but we don't

spend any time up front thinking about, and every meeting has a PowerPoint and an objective. We have to start spending time actually brainstorming and asking what's going on in the environment. Okay, so if the senior executive team has zero of that, and they wake up and go, like that guy, I got to have some of this. They don't try to manufacture it within themselves. They need to bring in someone else on the team that does have it and add them to the equation. Or what they have to do is know that they don't do it naturally and structure time in to do it. They have to say, we're going to go to a meeting.

We have no agenda for three hours. We're going to bring somebody in for three hours. It makes you uncomfortable, doesn't it? Yeah, my hair just curled. And we're going to make somebody take us through that opportunity. It's going to be tough. Now, really what they ought to do is get somebody on their team who can do it. In my organization, I don't have that.

Amy does. Amy forces me to slow down and go, Pat, I think something's wrong. I'm busy. No, no, no, no, no. Slow down here. I feel like something's wrong. We've learned to, as a result of this, to go, let's honor that. So what's going on, do you think?

I don't know. But here's what i'm feeling and that's a little frustrating but it's a gift we started doing these strategic planning meetings years ago with our leadership team and i just ratted them because it is that it's that wonder thing you're supposed to just sit in a room and go okay what what can we do what can we do and i, well, I could be working if I was back at the office. That's what I'd be doing. I could be getting stuff done. And it just drove me nuts. But I did.

I've intellectually got my head around the fact that it does produce things, great ideas, and great strategic thought, obviously maps out where the company is going to go, where the organization is going to go. And we've got to have vision. We've got to have leadership. I get all of that. And I finally, we did get enough gold out of those off sites

but the mining process is painful well and you don't have to have like that's not your gift or your genius so you like it when they finally come to you and go here's the gold do you think this is good gold and you get to go okay i'll discern this for you yeah i'll use my gut i got this is great you guys you came over and i know i've'll discern this for you. I'll use my gut. I go, this is great, you guys. You came up, and I know I've seen you do it. You're like, this is a beautiful idea. I don't think this one's going to work.

That's your genius. Other people like the gold mining process in the beginning, and you're like, hey, why don't you guys call me when you're ready for me to evaluate whether this is- Poke holes in your idea, yeah.

Well, that's the funny thing. It's like discerners will poke holes in the inventor's idea, and inventors would go, why are you criticizing me? They're like, I'm not. Right. I'm poking holes in that because you need that. You're raining on my parade. Thank you very much.

This allows people to stop feeling guilty for doing what they're great at and to stop judging people. Like, you're negative. It's like, no, no, no. My genius is to make sure you don't drive off a cliff. Yeah. Yeah. Absolutely. Very cool. Pat Lencioni don't drive off a cliff. Yeah. Yeah. Absolutely. Very cool.

Pat Lencioni is our guest for a couple segments here. He is with The Table Group. He's the author of The Advantage, The Ideal Team Player, two of our favorite books around here, and The Five Dysfunctions of the Team, which we have had all of those dysfunctions, and we've removed most of them most of the time. And he's worked with all kinds of top companies around America as a leadership consultant. Speaking of America, can I say something? Sure.

I live in California, so I got let out on a hall pass to come here for one day. They're going to let you back in? Well, we're not sure we want to go back in. And I just want to tell your listeners who are all over this wonderful country, don't let the rest of the country become like California. It's misery out there right now. And we're all looking for to get out. And so as we're making decisions about the direction of this country, you don't want to be like California. So when you're voting for anything, ask yourself, is this going to make us more like California? Because we are all looking to get out. I mean,

people are leaving in droves. I lived in Southern, Central, Northern California. I didn't ever think I'd leave, and we are looking hard because it is impossible to run a job, to run a company, to have a job, and to afford to live there. And now we can't even spend more than two hours together at Thanksgiving because the governor just told us that we had a two-hour limit and that we couldn't sing. I'm not sure why we would be singing on Thanksgiving. That good old Thanksgiving song. Exactly. But it's crazy.

Break out the Thanksgiving song. And so I'm just going to plead with people in the country. You don't want the rest of this country to be like California. Californians don't want you to let it be like that either. So please keep that in mind. Yeah. Wow. Well, if you leave California, you can leave your method of voting back there with you if you want to do that. Because if you don't vote and put the same kind of crap in one of these other states when you guys come to our state. So I think we're trying to pass a law in Tennessee. You're not allowed to vote for three years if you move here

from California. I don't think that's constitutional, but it's a good idea. It's wise, though. Discernment. That's a good idea. Pat Lencioni, thanks for joining us. It's great to be here. This is The Dave Ramsey Show. Thank you. Christy Wright Ramsey personality is my co-host today here on the Dave Ramsey Show. Open phones at 888-825-5225. That's 888-825-5225. Chris is in Denver.

Hi, Chris. Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my calls. Sure. What's up? I wanted to know what you would suggest for someone who can't get life insurance because they don't meet the height and weight requirement.

Okay. Well, if you can guaranteed issue life insurance. And guaranteed issue life insurance is the, they're usually small policies, and they're usually very expensive per thousand. So, like, have you ever seen something like with your checking account, you can get a $10,000 policy with no medical checkup. They don't worry about height, weight. They don't worry about cancer. They're just going to give get a $10,000 policy with no medical checkup. They don't worry about height, weight. They don't worry about cancer.

They're just going to give you a $10,000 policy. But they're going to charge you 10, 20 times more than you would pay for that same $10,000 where you're able to qualify for traditional term insurance. So it's much more expensive. But you can put a collection of those together to have some life insurance. And so the next thing you can do is, of course, continue to build out your financial plan because the less debt you have and the more money you have in the bank, the less you have to worry about life insurance. So if you have no debt and you've got a million dollars in the bank,

you really don't worry about life insurance because your family will be okay, right? Right. So that takes a while. $50,000 policy through my work, but to do the 10 times my income, I'd need about a million dollars. So, okay. Yeah, you're not going to get to a million dollars with a strategy that I am talking about. And so you struggle with weight?

Is that what you're telling me? I just recently hit the weight requirement but the life insurance company said that i have to be at that weight for 12 months before i qualify so well that's good that solves the problem yeah okay well congratulations on the loss thank you i'm really excited you want to brag about how much you lost? 40 pounds so far and still a long way to go. How long? Over what period of time? About six months.

Good for you. I'm on the same path with you. I got so fat during COVID that I looked like the Marshmallow Man. It was unbelievable. I lost 37 pounds in the last 23 weeks. So I'm right there with you, kiddo. High five across the radio. I so i'm right there with you kiddo high five across the radio i'm proud of you that's awesome well done well done yeah i figured out i eat when i'm like working

all the time and i i you know during covid we were working trying to keep this place open i was working like 16 hour days and i get that that there's something inside of me that says you need fuel yeah and so it gives you the permission to eat everything in sight. And I did. I ate everything I could get my hands on. And I blew up like the marshmallow man that attacked in the Ghostbusters, that attacked the thing. It was awful.

I looked at one of those ads I did, and it shows up. They're still running the Fat Dave ad. And it's like blinds.com ad or something. Time to re-suit that.s.com heads the size of a pumpkin and so but man that's that's a tough thing that she did congratulations that's amazing that's very cool you know what's interesting too dave i was just talking about that this morning with my academy members where research shows that nothing is more motivating to make progress than seeing progress so if you eat salads for a month and you don't lose a pound you're gonna go back to eating cookies because you're like what am i doing this for but if you see those scales start to go down if you see your debt snowball start to go down you're like oh i

can do this i can do more i can you know work harder it motivates you when you see when you're losing weight you can completely flip a cookie off i mean you can just say get away from me you little jerk yeah you know and uh but if i'm not or if i'm if i'm just in that mode i was i was working and like crazy and really did need fuel yeah but but i just i it's such a an entitlement thing i felt entitled to eat well your whole world's turned because i was so working so i put on my covet 19 i was already fat and i put on an extra 19 and it was the biggest i've ever been in my life and it just had to stop it was ridiculous and so god I got on the radio talking about discipline. Isn't that crazy?

So, yeah. Hey, here's the thing. The struggle is real. You've experienced it. I experienced different things. We all have different struggles. And I think that's what makes it so relatable because when she calls in, you can go, yeah, me too. Air high five. Me too.

I'm proud of you. That's awesome. That's pretty cool. You'll get your life insurance next year, and you'll be fine for this year. You're okay. You know, get you a couple of those little policies and then cancel them after a year don't don't re-up them they're usually one year long at a time if you want to cover that um and check with zander and see if they have any companies that don't require the entire year uh to be in that ratio of height weight um because by the way

we're talking about this real openly including me okay, okay, so we can say it out loud. Number one problem with getting life insurance in America is not heart problems. It is not you've had a cancer diagnosis. It's not. It's obesity. Well, it's overweight, which leads to the biggest thing that can blow up your life insurance, which is type 2 diabetes. So you can actually tie these things together in your financial world.

Your cost of health insurance, your cost of health care, because you're not needing as much, and your cost of life insurance, your cost on several insurances go down when you're not overweight and you don't smoke. And these are both controllables. Both of those things will double the cost of your insurance. Double it. And they're both things we can do. You can put down the cigarettes, put down the donut.

You know, we can do it. But it's just a decision. And that's not shaming anybody. There's a financial implication in the money in your wallet that is based on what you put into your lips. And nobody's duct taping you to the bed feeding you chocolate donuts, although I wish they would have. I wish I had that excuse.

It's a possibility. Oh, my gosh. But, I mean, you've been fit your whole life. You're like a workout queen. And Rachel's just naturally skinny. Rachel is naturally skinny. And Rachel does not exercise. I know.

It's painful. And she eats crap. I know. Pizza and french fries. And she's still skinny. It's just wrong. She's got her mother's genes. It's very irritating.

That's what it was. I chase my three children around, and I do enjoy exercise. that makes it a lot easier to exercise because i enjoy to run but she does have that she's got the three rugrats today yeah that affects it too yeah all right let's check in with erin erin is in columbus ohio hi erin how can we help uh hi dave hi christy uh pleasure to talk to you both you too how can we Well, my husband and I, we've talked it over and neither of us can make a decision to pull the trigger on deciding would we be better off repairing or walking away, well not walking away, replacing and selling as is our son's car. Excuse me. He's got a car that suddenly the transmission went out, and the mechanic even said he's never really seen it do that.

Okay, so what's it cost to put a transmission in it? Well, he gave us three options, and we've tried one, and it didn't work. It was the least expensive. So now we have three options left. We've got one where he can take the transmission out and he said something, uh, I'm not a car person, uh, but it was something along the lines of, uh, replacing some sort of seal. And, um, then he said, there's a, there's a chance that might work. And that was like a $650 option. Then there's the, the whole, you know, replace the entire transmission, obviously with a salvage yard one. What's that cost?

And the part's $1,200, and then the labor is $600. Okay, so what's the car, if the car is fixed, what's it worth? Totally fixed. You know, prior to this happening, it was about a $4,040 car. It's a very nice volkswagen tdi diesel okay i i would probably tend towards fixing it here's why here's the formula the formula is you take what it's worth is salvage which my guess would be like eight or nine hundred bucks because that's all it's worth right now without a transmission in it if you could get

1200 for it then it starts to put the question in play. Okay? And then you take your repair cost of $1,800 and you add that to it. So let's call salvage $1,000 plus $1,800 is $2,800. That makes the car worth $4,000. So $2,800 is less than $4,000. If you're going to put more in it than it's worth in repairs plus salvage, or it's more than the value, then you wouldn't do it.

This one's borderline, but it sounds like you guys kind of like the car. I'm probably going to try the seal idea, and if that doesn't work, then go ahead and do the rebuild. I think you can get him down on the $650 part of it, by the way. That puts this hour of the Dave Ramsey Show in the books. This is James Childs, producer of the Dave Ramsey Show. You can listen to Dave, Rachel Cruz, Chris Hogan, or the rest of the Ramsey Network anywhere with the Ramsey Network app on your smartphone. Catch all of our full shows, browse by topic, or send clips to your friends. Head to the App Store and download the Ramsey Network app today.