The Ramsey Show - App - The Path to Building Real Wealth Isn’t Sexy

Episode Date: April 13, 2022

Dave Ramsey & George Kamel discuss: When you should buy your family business, How to allocate funds in your portfolio, How to pay yourself when you run your own business, Investing in a Roth vs. deferring taxes until retirement, The right way to buy your first home. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. George Campbell, Ramsey Personality, is my co-host today as we talk about your jobs your relationships your mental wellness your career your money your life it's all right here on the ramsey show thank you so much for joining us america open phones at 888-825-5225 jd is with us in Philadelphia. Hi, J.D., how are you? Hi, guys, how are you doing? Better than we deserve. What's up? Okay, so I want to know, how do I officially buy my family business? How do you what?

Officially buy my family business. Buy it. Yeah. So who owns it? My parents own it. I'm technically on paper we're all 33 percent owners uh one third one third one third your mom and dad have 33 each well yeah i guess so i mean yeah are they have together they have 67 and you have 33?

Together they have, yeah, together they have that part of them. I'm on as a third. Who operates the business? They do, but I do. So I do everything. I measure, I install, I quote, I order, I invoice. I do everything. They're there to assist me. What do they do when they are assisting you? So my father, he gives me a hand,

just helping me with the glass and everything when we install. So you're installing, you're in the glass business? Yeah, we do showers and storefronts. Okay, so your dad acts as labor. Correct, but he's the owner. I got that part, but it's day job. During the day, he doesn't do anything except to help you lift something. Correct.

So it's a one-man operation, basically, with one laborer. Correct. So not much of a business. No, it's a two-person business. We brought in a quarter of a million last year. Yeah, top line. What's your net? 160.

No, you didn't. Yeah. Not on two and a quarter in the glass business you didn't. So I was able to figure out how to save a lot of money on different parts and materials and source them cheaper than others. In the history of the glass business, maybe. But no, I'm sorry. Your margins are not that big. Your cost of goods sold has to be bigger than that.

I'm talking about net profit that you paid taxes on you made 160 000 net profit taxable income on two and a quarter oh no no no you didn't right okay okay because they were you know oh they're just material income yeah sorry for materials and not for sorry not with, not paying everybody. Not paying materials. Yeah. Okay. So what did you net that you paid taxes on?

I think it was that 120 they paid taxes on. How old are you? I'm 35. Okay. All right. taxes on how old are you so it was um 35 okay all right um i don't think there's a business here to be bought okay it's a one-man operation here's what i'm here's what i'm up against okay we coach people in small business and in leadership uh 10 000 different businesses in america right now and uh so we talk about this all the time buying out the parents in a succession plan and so forth but a business in order for it to have value has to be able to pay all the players involved meaning you and so if i wanted to buy this

business i would have to hire someone that does everything you do by the time i do that my net profit is going to be very close to zero you follow me yeah i mean if i hire a skilled technician i hire someone that's doing estimating i hire a manager maybe some of these people have two jobs and they maybe the managers the skilled technician i don't care but there's two or three people involved and i add that payroll to this profit and loss statement your net profit at that point would be close to zero which means and it's not a negative thing but it means there's not a business to buy that you basically own your job which is not unusual for a one-man show and it's not a bad thing but there's no way to place

a value on the business itself because you would never buy a job okay okay so then i i think your mom and dad uh you know you guys need to just decide what you're going to do because you could just stop tomorrow drive across the street with your tools and start the same exact business and make the same exact money next year and be the 100% owner. You follow me? Yeah. So that means your mom and dad don't own anything as far as the business itself goes. Now, your dad may have grown this business and handed it off to you at this point and you want to honor him with something and if you want to do that that's fine but uh i you know i'd say 20 grand 50 grand or something and you just pay him that over two years

out of your income and uh they let you go but it's not worth any more than that it's probably not even really worth that technically right you see how i'm getting you see how i'm arriving at that conclusion it's not it's not putting down the quality of your work it's not putting down the the fact that your dad's worked hard all these years it's not putting down what you're doing but there's no math left over in this equation you're kind of buying the client list and the name of the company and the brand and the equity that exists in that outside of that you've got to do the work right so have you had a conversation with your parents about this are they looking to let go of this business they are looking to let

go but they don't know how to let go they're always just involved i try to say let me take it over yeah i'll give you percentage of you know do they need the money i'll give you 50 i'll give you 50 of the profit for two years right you know and dad we've got to wrap this up because i'm otherwise i'm going to have to move on and do something else right and i love you and you'll still you'll always be my dad but this business part of this is not working for me anymore. And so we've got to have a set plan that you and I can both agree to that's good for you guys and good for me. I can hypothetically just walk across the street and start the same business tomorrow, and I'd be the 100% owner,

and next year I'd make $120,000 in my pocket. And, you know, there's nobody to know I'd be the owner because really you could right you know how to do you know how to do this business that's the only thing he's doing is holding one end of the shower door because he's handed everything off else off to you over the years he probably used to do what you do but over the years he's handed it off to you and now he doesn't work in the business anymore and so I need do what you do, but over the years, he's handed it off to you, and now he doesn't work in the business anymore. And so I need to buy you guys out.

We need to wrap this up because what's happening is your mom keeps running her mouth and stepping in here and telling you how to do what you already know how to do, and you're like wanting to be a grown man and stuff, and that's what's going on here. And so this has become a mama thing or a daddy thing or something like that, and so you just got to draw it to a close gently, kindly with a smile. In an uncertain world, being a good steward of your money is more important than ever. While some circumstances can't be controlled, there are items within your budget you can take charge of, such as your health care costs. For nearly 40 years, Christian Health Care Ministries, or CHM, has provided a budget-friendly means of sharing for medical bills when our members need it. Learn more by visiting chministries.org

slash budget. That's chministries.org slash budget. Christian Healthcare Ministries is a Ramsey Trusted Provider. Well, we all know time is important. It's more precious than money or shiny toys. If you could do one thing that would make the time you have left worthwhile, wouldn't you do it? Of course you would. We all get that. And we want you to have everything you need to be well.

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Kimberly is with us. Kimberly's in Chicago. Hi, Kimberly. How are you? Hi, good afternoon. Thanks for taking my call. Sure. What's up?

Well, I am a teacher, and I currently have a mutual fund through my 403B. And I'm wanting to know how should I allocate my assets within the fund if the small and mid-cap fund are combined? The small and mid-cap are combined? Yes. So there's like a large cap, small or mid-cap that's together. Then there's international fixed income and then there's other and the other is like a target date fund how's the track records look on them um they're above the bsp okay all three of them the large smaller men and international yes i'm not

really familiar with the fixed income i would not do the fix that's going to be a low producing fund that's like a guaranteed fund we stay away from from that one. Okay. But I guess you're across those three if they've got good long track records. Okay. And you can just either go thirds or you could double up on the small mid-cap since it's confiscating two of the categories. I don't know, George, what's your idea? It sounds like you're diversified across a lot of different types, and so that's the key here versus the exact percentages.

But if you don't have any other options, is that all you have in there? Yes, I was just thinking about going between the three because that's what makes it to me, but I just wasn't sure, so that's why I called. Well, there's not a magic formula, so you could do that or you could say I'm going to put 50 in the one that's got two categories, right, and 25 in the other two. But you're going to come out okay in either one of those equations.

You're going to be fine. Does your 403B have a Roth option to it? If it does, I'm not aware, but I have a Roth IRA elsewhere. Okay, and that's in good mutual funds as well. Mm-hmm. Okay. Well, ask about your 403B. A lot of them are now offering a Roth option, and I would take it if you can get it.

I would definitely convert to that. That's probably a more important discussion than the actual fund distribution because it's going to grow tax-free. Very important. Scott's with us in Atlanta. If I can find the button here, Scott. Hey, Scott, what's up? Hey, Dave.

George, nice to speak to you guys. You too. How can we help? So in December, I was let go from my job for almost a decade. And in January, I formed an LLC, and I'm now doing my own thing. Good for you. Thank you.

It took me about six weeks. I started calling myself a reluctrepreneur because I didn't really want to do it, but, you know, there I was. It took me about six weeks to get to replacing my income with the revenue that the company was billing. So that was pretty quick. But I've always worked for somebody else. I'm just an employee here also, I guess. So I don't know how much to pay myself.

Is it just you? It's just me. I have a contractor that's helping me with something else, but it's just me. And I've got all this revenue and I don't know how much, you know, for me as an employee, how to pay myself. I'm on baby step two. I know how much I need to make my monthly budget. But above that, I don't know how much more I should be paying myself, if that makes sense. Sure. All right. What I would do is always set up a separate checking account for your LLC.

I assume you did that. I did. And all of your income from the LLC goes into that, and only expenses come out of that. Is that right? Correct. You don't buy groceries out of that checking account absolutely not no good all right and so then the only other question is how much money it sounds like you're doing uh some kind of service-based thing what do you do

uh public relations it's a pr firm okay all right and so you're just basically get either one-time gigs or put get retain, one of the two, right? That's right. It's almost exclusively retainer. Okay. All right. That's great. Good plan. Thank you. Because that helps stabilize the income, so that's very good. So how much do you need to put back into the business? Not a lot, really.

I wouldn't think. My overhead is pretty low i bought myself a new computer that's about it yeah but i mean you don't have to say you know i've got to replenish inventory because there's not any you you this is all just sweat you've done this with a you know hustle and grind right correct yeah good job way to go so what have you how much have you brought in uh let's see i started playing officially in uh in the end of february march um so right now i've got about 30 grand sitting in the business's account um i was fortunate that i had a few months of severance that floated me until uh the end of march yeah so nicely played well thank you so here's the thing the only thing you need retained earnings for is to cover future expenses that cash flow won't cover which is virtually nil

and so you know if i'm in your shoes based on the numbers you're giving me i'm gonna set about five grand in that checking account not go below that but i'm going to draw down to that every month okay that's helpful to know now what about uh what about taxes and and you know all that stuff because i know that uh as as an llc as an s cor, I'm paying myself a certain amount as a salary, and that's taxed one way, and then I'm drawing on the remainder, so that's taxed a different way. If the salary has a withholding on it, if you set yourself up on a W-2, then the other portion is the only portion we will need to address,

and that is set aside a fourth of it in a separate savings account. So if you pull $10,000 out, set $2,500 aside on a separate savings account, because once a quarter, you're going to need to pay quarterly estimates on your draws. Right. And if you got a fourth, you can probably cover it up to about $200,000 worth of income, and you may be above $200,000 worth of income when you're done here. Maybe you have to increase that a little bit, but it's going to be somewhere around a fourth. It's going to get you real close, and that's where I'd start anyway. And just every time I draw money out in the old days, I just set aside a fourth, set aside a fourth over in a separate savings account, pretend like it wasn't there. It was a withholding account in a sense for the IRS because I was going to have to pay it once a quarter. Yeah, and work with a tax pro.

If you've got questions about this, you want to know how to allocate it properly, that's what I'd be doing. Yeah, check the ELPs at RamseySolutions.com for endorsed local providers for taxes. They can help you with that. They can also help you set up a little simple set of books. This is The Ramsey Show. We'll be right back. George Campbell Ramsey personality is my co-host today. This is the Ramsey Show. Thank you for joining us. Folks, if you have questions about going to college debt-free,

how to go to college and pay cash for it, if you're a parent or a student and you want to talk about that, we're going to be doing a segment or two on that in the upcoming weeks, and we'd love to include your question, your call on that subject. Go to RamseySolutions.com slash ask. Put college in the subject line. Tell us your question, and Kelly will be in touch with you. We can schedule you into that segment.

In the lobby of ramsey solutions on the debt free stage ryan and sarah are with us hey guys how are you good how are you better than we deserve man welcome where do you guys live we're from wasilla alaska oh wow that's a bit of a haul long way yeah all right well cool it's a beautiful town i've been there a lot of fun up there yeah we uh uh, thanks for coming down. How much debt have you paid off? So we've paid off $745,000 over the course of about 13 years. Wow.

What a journey. I love this. Okay. And your range of income during that 13 years? So we were newlyweds. We're just starting out. We started at about $75,000 and now at $280,000. Wow. What do you guys do for a living? income during that 13 years so we were newlyweds or just starting out we started about 75 000 and now 280 wow what do you guys do for a living i'm a firefighter and sarah's an interior designer

wow well i'm guessing your house is paid for with this yes sir so we're looking at weird people yeah what's this house worth so probably about 950 in this real estate market i bet i bet so you're easily baby steps millionaires then yes congratulations very cool how old are you two 38 wow look at you this is awesome you're so weird very well done very well done all right now this is a long ramsey journey 13 years tell us this story yes sir well you can imagine a lot of problems get solved around fire station tables and we talked about money and i had heard about you but we were living large we had a lake boat yukon cars and we were just living with no contentment and um sarah explained that she wanted to stay

home when we were expecting our first which was max and we couldn't do it you know i did the budget and i was looking at the numbers and it was just terrifying to know that we didn't even have the option and there was no contentment there so i kind of did it wrong i came home after listening to your book the total money makeover was ready to sell her Yukon. Wow, that's always the answer. Sell mom's car. So we did. We got on the same page. We took the 13-week FPU class, sold the Yukon, sold my truck, and sold the lake boat.

And that started the journey. And we moved out of a custom home that we were in and got into a fixer-upper. And we both talked about that. That's when we really learned about contentment and really started following the steps. And that's where we, you know, life just started happening along the way. We fixed that house up. We have five kids. We went through three adoptions and then we were able to buy a lot and build our dream house on the lake. You know, we couldn't even use before. We sold the boat.

We couldn't afford. We were stressed out about gas. We were stressed out. We had this custom home when we first got married, and we couldn't even afford to put a lawn in. Wow. So it was a long journey. Wow.

Way to go, you guys. Very cool. So what made up the 745? So 75,000 was the two vehicles and the boat, and then the rest was mortgage debt paying off the fixer-upper and then paying off the home that we're in now. Wow. Very cool.

So, Sarah, the tradeoff was you're looking at it and you're going, I get to stay home but without a Yukon. Right. Is that how it worked? Yeah, that was a hard decision. But we knew it was the right decision. I remember going to the bank to sell it. And I mean, I was like, I think eight months pregnant or seven months pregnant, but I sat there signing the papers like crying. But it was like once we ripped that bandaidaid off and you know went and bought a car that we could afford to pay for in cash and just got started and started making those tough decisions um

the peace was almost immediate it just kept coming in waves and waves and it definitely gave us motivation to keep going we We had friends that thought we were crazy. Like, aren't you guys going backwards? You had this, you know, custom house and this flashy lake boat and, you know, fancy cars. I mean, we thought that they were fancy, but, um, you know, we sold all of that, got beaters and downgraded into a house that had pink wallpaper everywhere and i mean it was and it was just like we don't care like we're we're on board and and we have a goal and we're just going to go for it so it doesn't feel like stepping back at all right because you can see where you're going exactly yeah no discipline seems pleasant at the time but it yields a harvest of righteousness

right we're living like no one else. So that later we can live and give like no one else. For sure. Now you're in a position to do anything you want to do with five kiddos, including adopt. Way to go, guys. That's hero stuff. You guys are incredible. So 13 years, most people would just be unwilling to do that.

What carried you guys through when it got hard and you went, gosh, we're in year seven. How much longer is this going to be? Honestly, I think one of the biggest things that helped us just stay motivated but inspired, like just keeping things around us that would keep us inspired to keep going. So we taught FPU, I think, five times. Wow. But we, pretty early on, started listening to the podcast every day. I mean, if we were in the car, it was on. At home, it was on. Ryan would listen to it on his way to work.

I mean, our kids can pretty much answer a lot of the questions. I mean, when we get in the car. George, I'm going to take the next segment off. You and Max max got the next segment sadly they might be a much better show i'm worried um that's awesome but yeah so they were all engaged and on board and um it was just yeah that was really inspirational just to always be hearing um people's stories and you know and then we would talk about it a lot what you know what is that going to look like when we're debt-free and what can we do and so now that you're here does it feel like you thought it was going to feel

it it feels surreal like it's just crazy pulling up here today like we've talked about it for so long um i don't know if Ryan wants to share, but we, so we paid off the house a number of months ago and had planned to do this trip. And after we paid it off, we ended up having a house fire. Oh, no.

So. And a fireman has a house fire. Wow. Oh, this is awful. How bad a fire? Pretty much the third level is gutted down to the studs. The whole house had smoke damage, so we actually aren't living in it right now. We had to move out and are dealing with insurance and all that.

So we've joked around that we're going to get to move back into our dream house twice for a second time. But we're really excited about it and moving back in, hopefully sooner rather than later. But just even going through that whole process, the stress and everything, I mean, it was definitely stressful, but knowing that we didn't have a house payment to make in the middle of it and fight with the insurance company over that. And we had an emergency fund to pay for, you know, the down payment for a rental to move into and just buying some clothes and stuff for everyone. Like all of that didn't have to be stressful because we were prepared. And so that was huge.

Yeah. Yeah. It was really nice to be able to, you know, being a firefighter and having a house fire, you always see the other side of it. Yeah. But going through it and seeing the kids and being able to just take care of their needs and just constantly focusing on this goal of just having a biblical mindset towards money and following that path gave us that security in that moment. And it was really good. Let's pull the kiddos in.

What are their names and ages? So we have Max. He's 13. Presley, 14. Blake is 8. Josh is 6. All right. Very good stuff.

From Alaska, Ryan and Sarah, $745,000 paid off in 13 years, 100% debt-free, house and everything. Count it down. Let's hear a debt-free scream. Three, two, one. We're debt-free! Love it! Wow. This is The Ramsey personality is my co-host today.

Open phones at 888-825-5225. our question of the day comes from blinds.com they have a 100 satisfaction guarantee means even if you mismeasure you pick the wrong color they'll remake your blinds for free free samples free shipping new promos all the time you'll save even more always use the promo code, the magic word, Ramsey. Today's question comes from Evan in Michigan. He says, I'm 34 years old and I earn over $300,000 a year working in software engineering. I've always thought that Roth 401ks are the way to go for retirement savings. However, due to my income amount, wouldn't it be better to defer the taxes until retirement when income is more likely to be lower or pay the taxes at my current rate? My thought process is that my wife and I will likely live on significantly less in retirement, so wouldn't it make more sense to pay the taxes then?

It's a good question. Well, it is. The problem is that the tax rates are not stable. They change with the political winds, and so you can't use that set of assumptions to work because they might just look up and go, oh, anybody who saved a million dollars or more gets taxed double because they're evil and they must be punished. And there is that whole group of people out there that want that kind of tax law enacted. I don't think it'll happen.

I hope it doesn't happen, but it could happen. That's the problem number one with that theory. The other thing that happens is when you have everything in a Roth, it's 100% tax-free. Under current law, you do not have to deal with the required minimum distributions. You're not required to pull the money out. And so it can just sit there. Continue to grow and grow. You've got a lot more flexibility.

You can pull it all out. You can pull none of it out. It's tax-free. And so you don't have to touch it. So it gives you a lot more flexibility. My tax rate could go down, hypoth were i to quit working i don't know if it would or not really but it could and um yet i have 100 of mine in a roth i've can what traditional stuff i had from the old days i've converted it to roth and paid the taxes because of the flexibility

because likely in my case and maybe even in your case, Evan, a lot of it, because you're making so much money, you've done so well, congratulations, is you're probably not going to touch this money. I doubt I'll ever touch my Roths. They'll probably become part of an inheritance. I don't need, I won't need them. I've got real estate income that I'd have. I'd have other types of income.

Other sources. Other things going on. So I probably would just let all of that sit there and grow and grow and grow and grow and grow and grow. Where if it's in a traditional, it has required minimum distribution. They're forcing you to take certain amounts out per year. Exactly. Yeah. And there's a lot of assumptions here that 30 years from now, the tax brackets won't change or they won't go significantly higher. And I just don't like that having to assume all of those things. I like the the guaranteed when i put my after-tax dollars in today it's going to grow tax-free if i've got two million sitting in that roth when i retire i can pull two million out tax-free exactly lets me sleep at night so i'm i'm still doing i mean i'm doing what i'm saying i personally do a roth. Same. And I'm in the same situation, and George is in the same situation as well.

So he's probably in a closer situation to you than I am because age is similar, that kind of a thing. So well done, Evan. Well done, man. We appreciate you writing in and being part of our Blinds.com question of the day. Matt is in Pittsburgh. Hey, Matt, welcome to the Ramsey Show. Hey, Dave.

It's an honor to be speaking with you today. You too. What's up? Well, I'm currently a 22-year-old college student. I'll be graduating here in the next couple months, and I'm looking to get out of my renting situation and purchase a home within the next year. I'm kind of lost on how to really save up for it,

if I should be keeping all my income that I'm going to be having in cash or if I should be investing it and how much you recommend to put down on my first home purchase. I'm just kind of looking for some guidance here. Cool. So what's your income, Matt? Well, currently I don't have any, but I'll be starting a job in June that I'll be making $70,000 in my first year plus $10,000 in stock, but I'm pretty sure I don't get paid that until

like a year, year and a half. Okay. And do you have any debt right now? I have a good amount of savings and personal investments, but I do have $9,000 left on a car payment. Okay, and that's all the debt? That's all the debt. So what's stopping you from paying off the car today and freeing up that payment? Well, I was fortunate enough not to have to pay for my college because I got an athletic scholarship. So because of that, my dad, we bought a car together. Well, it's in my name, but we bought it together during COVID.

So there's no interest on it. It was like one of those deals. I know you probably won't like hearing that, but I don't know. I just haven't put it as a first priority just because I don't really want to use my, I have about like $11,000 in savings right now. And I kind of don't really want to use my, I have about like 11,000 in savings right now. And I kind of don't have an income these next couple months. So I've just been avoiding it, I guess. How much have you gotten personal investments? Around 17. Okay. And is that in a retirement account? No, it's actually in individual and, yeah, basically all stocks and a little bit of cryptocurrency.

Okay. Well, Matt, I'll tell you what we teach, and this is the process I followed to get through all the baby steps and now with a paid-for house. Baby step one is the $1,000 emergency fund. Baby step two, we pay off all of our debt using the debt snowball method, and that includes the car. Baby step three, we get three to six months of expenses in an emergency fund. And then baby step three B, we start saving up for the house. And so that's where that would fall in. And so you're not quite there yet. You could be if we released these investments, cashed out and started doing things a different way. But it sounds like you're good with Matt's plan, which is fine. But if you're going to buy a house,

here's our parameters for it in that three B. I want you to save up 10% to 20% for your down payment on a 15-year fixed mortgage. That should be your only option when it comes to mortgages. And your payment on that should be no more than a quarter of your take-home pay. And so you can jump onto our mortgage calculator at ramseysolutions.com and start playing around with those numbers to see, hey, in the Pittsburgh area, for a reasonable house for me, for my first house, what do I need to do? Okay, I need to save up $70,000 in order to get this house on a 15-year fixed rate where the payment's no more than a quarter of my take-home pay. Gotcha.

So once I pay off the car, sorry, what was that? Go ahead, go ahead. So once I pay off the car and save enough to put 20% down and my take-home pay, my monthly payment's a quarter of my take-home pay, then I'm good to go. On a 15-year. Yeah, and you could, I mean, today, if you paid off the car, you'd still have money left over for your emergency fund, and then you can start to save up for this down payment.

We just got to start doing things in the right order so that you feel this progress. Gotcha. So here's the thing um you've listened to this show i can tell by the way you're responding to some of these things and you kind of knew what we were going to say didn't you yeah a little bit all right and so here's the data, the actual facts, not theory, not a Ramsey opinion, but the actual facts. We did the largest study of millionaires ever done in North America, 10,167 of them. The number of them that became millionaires using Bitcoin was precisely zero. The number of them that used single stocks playing a day trader game was under 5%. In other words, 95% of them did not use your plan. Right. So you need to decide if your plan sucks as bad as i think it does

well would you recommend cashing out of my individual stocks and crypto and keeping that apparently apparently that's what i just told you so don't invest that in anything else keep it it sitting in cash. You need an emergency fund of three to six months of expenses, and you need to be debt-free paying off that stupid car by the end of the day. And then you start building in cash your down payment on your house, and then when you get your house, you start putting 15% of your income away into good growth stock mutual funds in your 401k at your new great job. And you're going to be a millionaire doing that by the time you're 35.

And you're going to have your house paid off by the time you're 35. If you follow what we teach that is a proven process, a proven plan that data backs up. It's not doing what your broke friends all think is sexy while you guys are playing beer pong. This is what is really done by real millionaires. This is The Ramsey Show. Do you love a good day, Brandt? Want to see the latest Ramsey Show videos going viral? Check out your favorite moments from the Ramsey Show on YouTube.

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