The Ramsey Show - App - The Power of Focus Overrules Mathematical Blasphemy (Hour 3)

Episode Date: January 3, 2020

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in, we'll talk about your life, your money. It is a free call. Josh starts off this hour in Hartford, Connecticut. Hey life, your money. It is a free call. Josh starts off this hour in Hartford, Connecticut. Hey, Josh, welcome to the Dave Ramsey Show.

Thanks, Dave. How are you? Better than I deserve. What's up? So my wife and I have started financial pieces. This is actually our second time, because the first time my wife convinced me that I was, well, she told me I was doing Dave Ramsey-ish. So we kind of stopped. We're doing it again. My question for you is we've completed baby step one. We're on to baby step two. We have about $5,000 in our savings account,

which I am so afraid to just take it and pay off some debt just because I'm worried that one day my furnace is going to blow up. Something catastrophic is going to happen in life because I've always had that financial nest egg there. So I'm afraid to lose it by just putting it towards debt. Okay. What's your household income? It's about $86,000 net.

And how much debt do you have? $130,000. Counting your house? Not counting the house. What's the $130,000. Counting your house? Not counting the house. What's the $130,000 on? So it's two cars, both of which are $6,000 and $7,000. I have a student loan for $10,000 after the military from room and board. And then my wife has $110,000 or $100,000.

It's her student loans. Okay. And so you're three years to get out of debt yep yep okay um you can do what you want we suggest holding a thousand dollars and if something like a furnace comes up you'd have to just put your uh get out of that plan on hold and buy the furnace and then then then build then rebuild your get out of debt plan but um five thousand dollars really is not is not even close to an adequate emergency fund a thousand dollars obviously isn't we didn't intend for it to be um but um no i i i understand the hesitation but the hesitation that little bit of fear that comes up inside of your throat

when you're doing that is one of the things that will move you forward on aggressively cutting lifestyle, aggressively increasing income, aggressively selling off anything we can find to sell off to get this debt cleared as fast as we possibly can so that we can build that emergency fund up to what it should be, three to six months of expenses. So $20,000, $25,000 and no payments, no debt at all. And if you're sitting there two to three years from now, $20,000, $25,000 in an account, zero debt of any kind except your house, that's going to be a very nice way to feel.

It's going to change everything. Adam is with us. Adam's in St. Louis. Hi, Adam. How are you? I'm great, Dave. How are you doing? Better than I deserve. deal it's going to be it's going to change everything adam is with us adams in st louis hi adam how are you i'm great dave how are you doing better than i deserve what how can we help my wife and i are on your program we're gazelle intense and ready to go um got a little speed bump though we filed a chapter 13 bankruptcy uh two years ago on a business that didn't work out for me it was a contractor business and uh for two years now and we had a bankruptcy back and we're my lawyer's telling me we could probably have it in may you're cutting in and out you're cutting in and out i'm not

hearing but about a half of what you're saying you said the lawyer's telling you you can convert well and now you're just gone okay all right alexis is with us in new orleans hi alexis how are you hey dave i'm doing great how are you better than i deserve how can we help awesome so my husband and i just got married last month and we have no debt except for a five flex that we just purchased good um we paid most of it in cash and so the only debt that we have is for the construction loan to renovate the hundred-year-old five flex and that is for about 132 000 so we are next week moving into one of those units three of the units are occupied and bringing in rental income. And the fifth unit, we are going to Airbnb. So my question for you is how do we keep doing this, building our real estate portfolio in a wise manner, trying to be mindful of not wanting to

go into debt minus the real estate? How do we measure when is the best time to buy our next property until we can pay for it? Cash, what do you suggest? Well, I love real estate. I own a bunch of real estate. And I used to own a bunch of real estate before I went broke. And I discovered this thing called foreclosure that occurs. And it's not fun.

When you have payments on rental property it changes the way you manage the rental property you can't keep that from happening it just does because there's that extra pressure that extra problem uh that extra pull and so um it it is a difficult way and you're very aggressive you're wanting to build real estate you're going to buy real estate you're wanting to to build this portfolio as fast you can. I'm not sure I can talk you out of it. You've got the fever, but I want you to pay off your house. Yeah. And then I want you to save up and pay cash for the first property. When you've got a five plex and a second property paid for, the third property will come fairly fast. By the time you've got five or six paid for,

you can buy properties out of these cash flows fairly often. And that's what we've done. Our real estate makes us a lot of money because we have no debt on it. And that money is used to purchase more real estate. Okay. And it just, but it takes that first one, you know, getting the five plex paid off in your case, the 130,000, and then, you know, saving up to pay for that next property, and then the next property, and then the next property. It's just difficult. It's hard, and it takes some time, but you will look back 10 years later and go, I would rather have all of these properties paid for than own three times as much property and not own it all. And it changes everything. So, hey, thanks for the call. I hope you do it that way. I have, and I can tell you,

it has been a blessing, a real blessing. Well, let's take a minute and think about your future. What if you never had another car payment? What if you didn't have a master card in your life? What if you hadn't discovered bondage or American distress? What if you had no payments? How much would that change your generosity? How much would that change your ability to build wealth? Well, you can do this. We've shown millions and millions and millions of families how to do this. Not only how to get out of debt, but then how to become everyday millionaires. Investing in your 401ks and good growth stock mutual funds and your Roth IRAs and good growth stock mutual funds, it changes everything. We'll show you how to do it. The nine-week class is called Financial Peace University.

And right now, when you buy the nine-week class, you get the one-year membership to the online version of everything. All the videos, the audios are on there. The next class called the Legacy Journey, the class about how to teach your kids called Smart Money, Smart Kids. All the communities are in there for discussing and encouragement and getting questions answered. Everything is there.

You get every dollar plus, which is connectivity to your bank, and pushing all this stuff all the way through. It changes everything. Financial Peace University for the nine-week class. And then be sure you participate in the one-year free membership with all the online activities.

DaveRamsey.com. Check it all out. This is the Dave Ramsey Show. I love talking about companies that know how to do business right. You've heard of Grip6 belts, right? Well, if you haven't, it's the only belt you can get online with no holes, no flap, and no bulk. I'm talking weightless, and the buckles come in really cool designs and are interchangeable. I personally own a number of these belts, and they're so comfortable you forget you're wearing it. Plus, these guys have a great story. BJ Mson started grip six on kickstarter from his garage in 2014 and now

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free samples, free shipping, and with new promos they run every month, you'll save even more. Use the promo code RAMSY to get the best possible deals. Crystal is in Oklahoma. We found out yesterday that my company is restructuring, and my position will be eliminated. Hadn't happened yet, but it will sometime this year. My husband and I are on baby step two

and not sure how to continue at the moment. Should we stockpile cash or pay off as much as possible before the restructuring? You should pile up cash, stop your total money makeover, build as big a pile of cash as you can build, and go look for a job now. Don't sit and wait on this to happen to you. Go get a new job, a better job. Go make more money now. But in the meantime, until you find that better job,

if you find a better job next week, quit. You let them restructure without you because they're about to restructure your butt into the street. Don't sit and wait on this car to run over you. It's coming right at you. Get out of the street. Don't sit and wait on this car to run over you. It's coming right at you. Get out of the road. And so build up as much cash as you can build up until you get your career stabilized,

meaning that you have your new job. Then you push play again on your total money makeover steps. Then you work it again, but not until then. Kelsey's with us in Portland, Oregonregon hi kelsey welcome to the dave ramsey show hi dave thanks for taking my call how are you better than i deserve what's up um so i uh have a question i'm graduating college in june and i already have a job lined up great civil engineering wow good. Good for you. Thank you.

So I'll be making $62,000 a year, and that's before taxes. Good. But I'll have $55,000 in student loans. And my job offers an amazing 401k match. It's 20% with no limit, and they also have a 3% discretionary contribution. So I'm wondering, I really want to make the most of this free money, essentially, but I do also want to pay back my student loans, so I'm wondering how to balance this or what you'd recommend for budgeting when I get out of school because I'm very new to the financial management stuff.

Cool. Good for you. Well, it's mathematical blasphemy to avoid that match it's hard for nerds math nerds like you and me because you're i know you're a math nerd because you're a civil engineer it goes with the territory you like math i do too you know what compound interest looks like and it's hard for us to avoid that free money and that match but right but what i have found is over 30 years of doing this that the behavior aspects of this are more important on the short term than the math aspects so what i mean is this i would we tell people, and I would, not start your 401k until you get these student loans cleaned up. And here's why.

What you focus on is what you win at in life. The reason you have a civil engineering degree, which is a difficult degree to get, is A, because you're bright, because dumb people can't get that degree, you're bright, and B, because you focused on it you concentrated on it you knew what you knew what classes you had to take to graduate and you made sure you got in those classes by that date so that you got out you focused on looking for a job so consequently you already have one lined up. Way to go. What you focus on is what you win at. And by starting your 401K, instead of focusing on getting out of debt, you lose focus.

And so the power of focus on a temporary basis supersedes this, because you're going to be debt-free in two years. You think so? You should be. I mean, you said 55, right right that's 27.5 a year yeah and you make 62 right i mean 27.5 a year whatever i mean you may not be able to party or something you might have to put off buying a eight thousand dollar couch but uh i haven't been doing that stuff anyway i know but you see my point i mean 60 60 000 bucks okay because we're not going to do

anything except get out of that we're going to completely focus on that clear the debt as fast as you can now i wouldn't suggest you miss the match for 10 years but i'm not suggesting you meant i don't think you need to miss it for 10 years. You're going to miss it for two and you're going to focus like crazy. You're going to get raises. You may even pick up some side gigs and side hustles, and you're just going to throw it all at the debt, throw it off the debt, throw it off the debt. Anything you can do to pick up some money, throw it all at the debt. Anything you can squeeze out your budget, throw it all at the debt. The complete and utter focus is what causes you to become debt-free and debt-free quickly. Linda is in Nashville.

Hi, Linda. Welcome to The Dave Ramsey Show. Oh, yeah. As everyone says, thank you for taking my call. Certainly. How can I help? Well, I'm so excited. I've called you throughout the years when I first bought my house,

and you guided me through on how to make the lower the payments, refinance different things. And I got my house paid off in like a seven-year thing. And so before, so that was great. And of course, I never had any other debt. I never owed for my car, never had a credit card. I paid for all my furniture, everything. And before I retired, then, you know, I had everything paid for. So anyway, that's where I am now. My savings is in the thrift savings plan. And I'm 71.

And so now, and, you know, I never did anything with it. I really, I'm pretty ignorant about it, actually. I just left it alone. But now I have to do something with it i i really i'm pretty ignorant about it actually i just left it alone but now i have to do something with it and i know the time is up and honestly i i don't have a clue what to do i don't should i take it out and put it somewhere else or have you have you been drawing have you been drawing on it i made one withdrawal throughout uh about some years ago i made one withdrawal and i can't make any more but other than that i've done nothing yet how much is in there oh do i have to say on the air i know so many people watches this show and i'm i'm local

well everybody's local somewhere darling but okay anyway here's here's the thing the um uh just click on smart investor at daveramsey.com and put in your information it'll drop down a list of the smart investor pros in your area people that do and that'll help people with investments i don't do investments but i advise people on what to do i just don't do it these are people that we recommend you get in touch with they have the heart of a teacher they'll sit with you and teach you what to do. I just don't do it. And these are people that we recommend you get in touch with. They have the heart of a teacher. They'll sit with you and teach you what to do. What I would suggest you do is you do a rollover, what's called a direct transfer rollover to an IRA. And I would spread the money that you have across four types of mutual funds, growth, growth and income, aggressive growth, and international. Growth, growth and income, aggressive growth, and international, and a direct transfer rollover

into an IRA. And one of the SmartVestor pros can show you exactly how to do that, do it for you, but teach you about exactly what's happening here. You'll have no taxes on that money when you roll it over to that. And then as you need the money, you can pull it out. There's no penalty at this stage, but there is taxes due on it as you pull it out. And so letting it sit there and grow is a good thing. And that's a beautiful situation you've gotten yourself into.

You're 100% debt-free. It sounds like you've got income coming in that you're living on without using this money, which is very wise, very well done, very frugal. Sounds like you've got a really good plan, Linda. Hey, thank you for calling, and thanks for listening all these years. Open phones at 888-825-5225 if you want to talk about life and money. This is your place. Chase is on Twitter.

Says, Dave, when you talk about putting the snowball on pause to cash flow things like a move so you don't accumulate more debt, do you still make minimum payments? Well, sure. Yeah, you don't want to get behind on your debts. You got to make your minimums. But that snowball is paying extra on your debt. Yeah, you want to stay even. We're not trying to get in the hole here.

We're not trying to destroy your credit or anything like that. But, yeah, pay your minimums and work the thing through. And work the situation through and then get back on the debt snowball, which means paying all you can get your hands on on that smallest debt and clearing it as you go along. This is The Dave Ramsey Show. If you've turned on the TV, read a paper, or been on the web lately, then you know this country's in the midst of an identity theft crisis. Equifax is attempting to settle with its 150 million breach victims.

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and even protect your money if it gets hacked. They also cover kids for free on their family plan. ID theft is a nightmare, and you need to get protected. Call 800-356-4282 or visit zander.com Brosnan's with us in Louisville, Kentucky. Hey, Brosnan, how are you? I'm doing great. How are you, Dave? Better than I deserve, sir. How can I help? So I'm making a big move.

I'm going from Louisville, Kentucky to North Dakota, and I'm starting school again. And the past about nine months, I've been working my butt off about 70 or 80 hours a week, saving pretty much every penny I make from one job and living off of my other job, my second job. And I was just trying to find some good tips and tricks or not really tricks, just some, some good advice as to how to be successful, um, with such a big move in such a new place. Why are you going to North Dakota? It is a sponsorship that I found for a program in Ag Diesel. So they're paying me $1,000 a semester for the first year and $1,500 a semester for the second year, and they're paying for my tools as well. So it was a really attractive sponsorship.

Okay. Ag Diesel, so you're learning how to work on diesel engines in an agricultural setting? Mm-hmm. Okay, cool. Two-year program. Mm-hmm. And the program costs what? The program itself runs about $20,000 overall. Mm-hmm.

Sorry, not $20,000, so a little less than that, but it's basically what the cost is. Mm-hmm. But like I said, they're giving me money each semester, and I've also got most of my gen eds because I'd gone to school previously for something different and decided I wanted to go a different route. So this is where it kind of led me. And you've got the money to pay the difference, obviously, and to eat while you're there. You're going to be working while you're in this program?

Yeah, that's another cool part of it. My first couple months up there is actually going to be working for the dealer that's sponsoring me. So I'm going to be working up there for two months making money and getting some experience in the field and then going to school. And then in between breaks and stuff like that, you work and make some money. Okay, very cool. Good for you. Well, it's a great field to go in. You should be able to make really good living doing that.

It's hard work, as you know, but it's a great tech, vo-tech field to go into. Proud of you. How old are you? 20 years old. Okay, all right, cool. Well, the only reference point i would have for something you're 20 okay do you live at home now i yeah i live at home now i actually uh i leave in two and a half weeks have you ever lived away from home away out of your parents not under your parents roof

yes okay cool all right uh i mean the only thing you got to be aware of is just don't get off the tracks in your personal life. Because some of the guys you're running with up there, you know, it's going to be their first time away from home, and their goal is not going to be to go to class. It's going to be to drink beer. Right? Yeah. And, you know, if you stay out until 2 o'clock in the morning drinking beer, you're going to flunk. Hello.

You know? And that's the truth. And people do that stuff. So it really is as primitive and as simple to be successful in school. Get up. Go to class. Do your homework and go to class. You're there for one thing, and it's not to, quote, experience life.

You'll have plenty of time to experience life. Spend the money to eat, have a roof, have electricity, and go to class. Stay out of the bar. You know, I mean, that's the kind of stuff, you know, and don't be chasing some girl around the table somewhere. Go to class, you know. There's a remarkable correlation between people who go to class and those that graduate. You know, it sounds so silly, you know, when I'm saying it.

But you just have to be careful of that because the crew you're running with are 18 to 25 years old. And there's a real good chance that they're going to be more concerned about a lot of things except going to class. And if you'll just keep your eye on that ball, dude, you'll come out of this in two years. You've had a really good plan. The guy I'm talking to for the last three minutes is mature beyond his years. You're a hard worker. You've saved your money. You've got a detailed plan. You're working it out.

I thought I was talking to a 25 or 30-year-old. I mean, you got your act together, man. But just don't go up there and run the thing in the ditch on a personal level. And you said God led me in the conversation. Did I hear you say that? What's that? Did you say God led me in the conversation? Yeah, it was a real long shot for this to actually happen.

So you're a man of faith. Yes, sir. Okay, I'll add to that then. Go to class and go to church while you're there. Yes, sir. And just, you know, the point is, my grandmother, when I was your age, used to say stuff like, and it won't even mean anything to you, don't sow your wild oats, which means don't go up there and go freaking nuts.

You know, that's what it means. And, dude, if you'll do that, you've done the work. You've done the foundation. You prayed this through. God's led you. He's opened doors for you. You know, and the field of study that you're in, you spend $20,000. Your return on investment on that $20 20 grand is going to be genius.

You're going to make good money. You'll be making good money before you even get out at that dealership. And, you know, the time you're 25, you, yeah, you, there's an opportunity to really make some bank here. And so it's a wonderful wonderful field it since it's something that you are bent towards and obviously care about and so forth so it really is that simple brazen i'm not being smart aleck if you'll do that keep your personal life clean go to class go to church graduate play play this plan through you got a good plan play it through don't get sidetracked and and looking off and run the thing in the ditch it really is that simple but you know when when we say that folks listening did you know that 53 percent of people that start college graduate That means 47% don't. Why? Because college is that hard?

No. College is not that hard. If you can get into college, you can graduate from college. Not that hard. But you have to do the stuff I was just talking about. You have to freaking go to class. It's not any harder than that. Desiree is with us.

Desiree is in Canada. Hi, Desiree. How are you? Hi, I'm great. Thanks. How are you? Better than I deserve. What's up? Well, I have a bit of a dilemma. We're a family of five, and we're in need of a second vehicle. I found a great deal on a 2012 Ford Raptor for only $11,000. Cool. But the problem is that we currently have $18,000 in debt. So I'm just wondering if we should take the leap and get this truck, or should we maybe wait? What are you driving now? Well, we have a Dodge Grand Caravan.

Oh, good. Keep driving it until you're out of debt. Okay. Because we both work you're out of debt. Okay. Because, like, we both work in different parts of the city. So, like, right now we're trying with transit and everything else. But, yeah, just that second vehicle would be really. Oh, you have one vehicle is all. And this would be the second vehicle.

It would be, yeah. But you don't have any money. No. Well, we have $3,000 saved up for, like. Oh, well, listen. I would never in 1,000 years tell you to get have any money. No. Well, we have $3,000 saved up for like... Oh, well, listen. I would never in 1,000 years tell you to get a car payment. Okay. Ever, under any circumstances.

By the way, that 2012 Raptor is a sweet car. I had one. Yes. I got a brand new Raptor right now. It is a beast. I got a Roush. It's a hoss. So get you one someday.

But right now, don't let that car get you. Now, you're a one-car family. Now, what I want to know is you got $1,000 saved, right? Yeah, well, my husband has $3,000 in overtime banked. So it's just kind of sitting there waiting, and we're hoping to put it towards this. Okay, go buy you a $2,000 car for a second car. Pay cash for it. Okay.

Because you do need a second car. I'm with you on that, that part of it. And then that for a second car. Pay cash for it. Okay. Because you do need a second car. I'm with you on that, that part of it. And then that's a hoopty. We know it's not a good car. We're not driving it forever. We're driving it until we get out of debt because you've got $18,000 in debt. What's your household income? It's about $130,000 before taxes.

Oh, wow. So you're going to blow through that $18,000 fast. I hope so. It's just a matter of... And then save up and move up in car, because both your cars suck at that point. Okay. All right.

Go get you something like that Raptor later, but always pay cash. Always pay cash for cars the rest of your life. Broke people are people that want to stay broke are people that get car payments. Car payments are stupid mathematically. This is the Dave Ramsey Show. our scripture of the day proverbs 25 28 without self-control a man without self-control is like a city broken into and left without walls.

Harry Truman said, In reading the lives of great men, I found that the first victory they won was over themselves. Self-discipline with all of them came first. There is no discipline without self-discipline, folks. That's the truth. I have trouble saving. I have trouble losing weight. I have trouble... Dot, dot, dot. self-discipline, folks. That's the truth. I have trouble saving. I have trouble losing weight. I have trouble dot, dot, dot.

Self-discipline. Self-control. It's kind of like, you know, I hear the millennials, they say, what do they call it? Adulting. Adulting. Growing up. One definition of maturity is learning to delay pleasure. You pay a price to win.

Means you're a grown-up. Whether you're 22 or 62, you pay a price to win. Means you're a grown-up. The first battle is self-control. Personal finance is 80% behavior. It's only 20% head knowledge. The problem with my money is the guy I shave with. If I can get that guy to behave, he can be skinny and rich. We know what to do. We just don't do it. You listen to this show and you know what to do. You listen to this show to hear other people that know what to do but aren't doing it

or other people that know what to do and did it and they're inspiring. How'd you do that? Self-control. Self-discipline. You should never say to someone, you need. Henry Cloud talks about that. I love it. Little Johnny, you need to go clean up your room.

Little Johnny does not need to go clean up his room, or he would have already done it. But you need to create a circumstance in which Little Johnny suddenly discovers, I need to go clean up my room. Otherwise, Mom's going to take away my freaking life. I'm going to be grounded. So I need to clean up my room. I'm going to flunk this test if I don't study. You need to study. No, I need to study. That's when you study. That's self-discipline, not mom discipline. You cannot be disciplined for other people. You can put them in situations where they wish they were,

but you cannot be disciplined for other people. They have to grow up. They have to decide. You have to decide. I have to decide. When you decide, that's when your life changes. See, that's the powerful thing is God gave you the right to choose. You can choose. You don't like the way things are going? Change.

Just now, you just changed. Ready? Ready? Set. Go. Change. You're not stuck. You're not stuck. Just change. Is it going to take a while yeah is there going to be some pain when you change you bet but change change well our family has always what you're going to live in your family curse change well we're hillbillies we we're Cajuns, we're Italians. We always do what? And then you put some negative thing after that, and you label your ethnic group or your heritage with that, with this negative thing? We've all got tempers, so stop.

Change. We don't know how to save money, so learn. Change. We don't know how to be nice to our wives. So change. You have the power. It's a power of choice. The power of choice is an amazing gift. Decide. That's what we admire when we watch these debt-free screams or listen to these debt-free screams that's what we admire when we run into our friend i ran into a friend this week who had lost 38 pounds since i've seen him i went dude where did it all go i mean i was just like i'm so proud of it proud of his success i mean what'd you do he goes i just didn't eat as much

well that's dadgum insightful man wow where'd you come up with that formula i wish i and then you say something stupid like i wish i could do that yeah you could you just decide it's change i like chocolate cookies i know don't eat as many of them change i don't like being broke change work more spend less save more it's a hard formula isn't it it's hard not because of the formula not because the math is i don't know if i could ever get out of debt i don't understand math yeah you do you understand math we're not dealing with you know some graduate level calculus formula here people this is the second grade we're dealing with here you learned addition and subtraction in the second freaking grade you understand the math don't tell me i'm not good at math you got out of the second grade okay

that's it it's you know i gotta tell you get you elected to congress because nobody up there's got that figured out spend more than you have and you will have money left over to give and to save and you will prosper when you give and you save because you don't spend more than you have so make more but don't spend more than you have this is how you become a millionaire this is how you change your family tree this is how you change your destiny how you change your life how you have options in your life to drive a nice car instead of a piece of crap this is how you get to go on vacation on the good cruise ship instead of the cheap one. Don't spend more than you have. Don't spend more than you have. see the problem is is we've we all have gotten so prosperous in america that even stupid people are prosperous we're so prosperous that even undisciplined dolts are prosperous

we're so prosperous that poor people are prosperous compared to other countries and other civilizations. And so average is prosperous. Below average is prosperous in our culture. Average is $57,000 a year income. That's average. If you make $34,000, you're in the top 1% of income earners in the world. You're a 1%-er. Wealth inequality.

Woo! You need to give some back because you make $34,000 a year. Because of that, we've just gotten lazy and we've forgotten the ancient word that will set you free. You have to learn the ancient word if you want to be set free. No one says it anymore because it's politically incorrect. You're not allowed to tell entitled people this word. Everyone's entitled. You cannot use this word anymore. You cannot use it for yourself and you cannot use it on anyone else. It's very, very unpopular. I'll teach you how to say it because it will cause you to build wealth,

and it will change your life. Are you ready? You press your tongue towards the roof of your mouth. You make a kissing motion with your lips, and you blow air past and release your tongue. It sounds like this, no. It's a word you're not allowed to say anymore. No. It's a complete sentence.

Daddy, I want... No. We need a new car. No. You want dessert? No. No will change your life. But it's abrasive and conflict-based and visceral.

And it'll freak your life out, and people will get mad at you. No. It's a wonderful word. We need to reinstate it in America. No. That puts us out of the Dave Ramsey Show and the books. We'll be back with you before you know it.

In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, it's Blake Thompson, Senior Executive Producer for the show. You know, you can listen or watch anywhere with the Dave Ramsey Show app on your smartphone. Catch the full show or watch the highlights and check out Dave's upcoming guests. Head to the App Store and download it today.