The Ramsey Show - App - This Is Messy for Everyone (Hour 3)

Episode Date: August 14, 2023

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios. It's the Ramsey Show, where we help people build wealth, do work that they love, and create actual, amazing relationships. Jade Walshaw, Ramsey personality, is my co-host today. Thank you for joining us. If you want to talk about your life, we'll talk about you right in front of you. The phone number is 888-825-5225. Thomas is in Austin, Texas, starting this hour.

Hey, Thomas, what's up? Hey, y'all. Thank you so much for taking my phone call. I appreciate it. Our pleasure. How can we help? Well, so we just started the program, my wife and I. We've been married for about five years, and we've just been struggling paycheck to paycheck, obviously.

And we just kind of got fed up with it. We had that aha moment, like, what are we doing? We keep just making some tough decisions. And we then started checking the experience and stuff like that, and started finding, like, who we have our outstanding debt with. And it turns out I have about $11,600 in debt, which wasn't that much compared to some of the callers that you have on the phone. So we were really ecstatic about that.

Then we got to my wife's side of things, and it turns out she's about $163,000 in debt. And it wasn't something that I was really aware of from the get-go. And it's kind of a unique situation. $140,000 of it is into a mortgage that her name is on, but in the divorce decree that she had with her previous husband, she signed any kind of all that over to him. Now, she did that on the intentions of some sort of verbal agreement that he had with her that he was going to pay her out or buy her out with a certain amount of money.

We've been waiting for about five years, like I said, since we've been married, and we haven't seen any sort of dime in order from that, and it's this huge debt hanging over our head and i'm wondering does the divorce decree give her half ownership in the house no she signed it over so why was he why is he obligated to buy her out well it was um now they have a kid together and she was with us and we've been taking care of you know all, all of that. Yeah, but why is he obligated to buy her out of the house when the divorce decree didn't say that? Technically, he's not.

He's not obligated, but they, as I said, had a verbal agreement, and they are on speaking terms. It's not like they're... Did the divorce decree state that he had to refinance the house and get it out of her name? No, it did not um but that's what he's saying that he's going to do um but it just hasn't but he's under no legal obligation to do anything pretty much no so he doesn't have to i mean if he wants to sell the house and give her

half when the time comes that's his prerogative but he doesn't have to be in a rush because this wasn't and he doesn't have to refinance yeah no no court no judge decreed this right and that's what that's where the problem lies and i'm wondering um so what's the status of the house who lives in the house we actually do you live in a house that someone else owns that's our ex-husband. Correct. Interesting. Tell me about it. Okay. That's awkward. Yeah, that feels messy.

I mean, like Craig said, their relationship is fairly decent. They have a kid together that's very civil. It's not like they're... He pays child support? ...along with each other. He pays child support? He's supposed to. He's not very good about it, each other. He pays child support? It's supposed to. He's not very good about it, but he's been better, yes. What's the house worth?

It's probably worth about $300. How old are the kids? She's 17. I have a question about the mortgage. Are you paying the actual mortgage, mortgage are you paying a different amount uh we pay we pay we pay pretty good compared to rent prices around here we pay thirteen hundred dollars a month whether that covers the mortgage payment i'm not sure but i'm sure it probably covers most of it if not all of it okay so thomas here here's um this is messy for everyone. It's messy for him. It's messy for your wife.

It's awkward for you. It's even messy for their daughter. So he's got another year of child support due. He's been unwilling or unable to pay that. There's $150,000 or so in equity that he has on a handshake said he was going to share but i'm not sure how good his memory is because he doesn't pay child support regularly like he should okay um and i'm not sure how good his memory is on refinancing and so probably the only card you all hold is two cards.

You have a persuasion card for your wife, and maybe you're in the room. I don't know the dynamic, but sit down with him in person and say, this is all real messy, and with her getting ready to turn 18, we need to clean this up okay so our we're gonna move and when you sell the house um we're willing to work with you on the back child support and the missed child support payments if you um honor your word on getting the house sold and on splitting it with me. If you're not going to do that, then we're going to go to court

over the back child support payments because we're going to at least collect that. And you're going to sell the house. But I think you can, in other words, I think you can just in a friendly way just say, it's time for us to put a bow on this mess. That's a bad one. Put a pin in it. Put a pin in it. Yeah, put a pin in this mess.

That's better. And the best way to do that is to get us off. We're on a mortgage together. We don't need to be there. You've got this child support hanging over your head. If you'll split the house with us like you said you would and go ahead and get it sold and get the mortgage gone and we get half the equity we'll forget no child support from here on out

you're out of child support for the rest of the year and for any back child support we're not going to bother you about it but let's go ahead and get this done let's get this cleaned up because it's time for everybody to go their own way it should have been done five years ago the attorney that these two people used was an absolute moron i don't think they use an attorney i think they just went through this state see i rest my case yeah they were absolute morons yeah there's a horrible transaction poorly designed everything about it was not thought through they all thought we're going to be friends we're going to be friends you might end up friends that'd be nice it'd be great if you do i'm not trying to pick a fight but you need to wrap this up because

there's just so much electricity in the air asking for an explosion with child support not hitting but you can't really call him on it because you're not sure he's going to keep his word on getting the house out of her name and whether he's going to keep his word on splitting the house with her because he doesn't really have to, because we didn't really put it in the divorce decree, because nobody was driving this bus as it went off the cliff. Yeah, and we're not even really worried about the child support, to be honest with you.

We live on our own income. That's my point. So use that as leverage because you don't need it. Let him out of it, and that's's your give if he'll go ahead and split and go ahead and get the house sold and get the mortgage out of your wife's name okay if he doesn't do all of that you're probably going to have to hire an attorney and force this because it's what should happen it's got to you got to get this cleaned up. You may never get half the equity. That's possible.

But at least get the mortgage out of her name. Because you guys aren't going to be able to buy a house moving forward until you get this mortgage out of her name. Messy, messy. Boys and girls, if you're going to go through a divorce, do not give the person the ownership of the house and stay on the mortgage. Quit the claim deed and stay on the mortgage dumb lazy strategy don't do that jade washall ramsey personality is my co-host today last week she did a webinar on budgeting 10 000 of you showed up.

Thank you for that. Tomorrow, August the 15th, Rachel Cruz will be doing a webinar on budgeting. Yep, we're going to work through the whole mental cycle of living paycheck to paycheck. Break the habit. Talk about how to do an irregular income in a budget. Every dollar is the budgeting app that Rachel will be using to show you how to do that. It is the world's best budgeting app produced for you by Ramsey. It is completely free to attend this webinar tomorrow, August the 15th. And you just simply sign up by going to everydollar.com slash budgeting and Rachel Cruz will lead you through it.

And also keep that website in mind because Jade will be doing another one. George will be doing a couple. Rachel will be doing another one. So we're going to keep these budgeting webinars going for a little while because they've been so popular. Completely free, by the way. We don't charge you a thing. We invite you to come and to be with us.

So everydollar.com slash budgeting. Andrew is in Albuquerque, New Mexico. Hey, Andrew, what's up? Hey, Dave, how are you? Better than I deserve. How can we help? I figured you'd say that. So my situation is I'm getting married in November.

Congratulations. Thank you. So Christy and I have very little bad debt. I don't think we actually have any. Basically, she owes about $114,000 on her house, 3.5% interest. I just paid off or sold my house in california and the proceeds are about 154 000 we have two cars nine thousand dollars each uh debt we're trying to figure what's that the debt on the cars is nine each yes okay all. And credit scores are both 812. How can we help? And we're trying to figure

out, should we invest some or all of that 150 into a CD for maybe five or six years at 5% or should we pay off the house and the cars in full right away? So the way that, is this your first time kind of listening in, or how long have you been hanging out with us here at Ramsey? I've been with them for two years. I'm not allowed to marry Christy until I went through some of the courses. Who said that? Pre from her parents.

They actually instructed, Jack and Debbie instructed for some of Dave's courses. Okay. So then you know the answer to your question. I do. It's just the math side of me is like, okay, that's about $80,000 after six years. And then if I pay off this house in six years, we're really only paying about $20,000 in interest. So the net is an extra $60,000 that I think it's just tempting to look at that $60,000 and think, okay,

we can put that towards a child's education. We don't have any kids. We don't have any debt otherwise. What's that? You won't net that much. How much would it net? Your math is naive. You left out taxes.

Oh, okay. And you left out risk. And on the positive side of the equation. Yeah, your formula is incomplete um the um and the other so we studied 10 167 millionaires we put the white paper in the back of the book baby steps millionaires i'll give you a copy of it okay it was my last number one it was my latest number one bestseller all right now the reason i tell you all of that is that in studying millionaires, the number of them that said, I became a millionaire by not paying off my house and putting the money in CDs

and the spread made me wealthy, out of 10,000 of them, the number that did that was precisely zero. Okay. Which means that the data says your theory sucks okay and the same way that you left out pieces of the equation on the debt side of it you left out pieces of the equation on the equation of getting debt free you've not been debt free so you don't know yeah but you can't talk about that like it's kind of just like this throwaway thing that's a big big weird thing is the thing we discovered andrew is that a couple married you guys married and of course you're marrying into a family that believes this stuff

so bless your heart i mean you're joining a cult you're joining a cult andrew but yeah but the uh so you're marrying into this and uh so the when you have zero debt and you have that incredible cash flow as a result the two of both of your incomes i mean oh my gosh with no debt at all the ability to pile up and build wealth is amazing but what ends up happening too is relationally statistically you're more successful career statistically you're more successful here's why it's very common sense if you think about it you don't have to work in a bad place so it changes your negotiating power not that you're going to go in and throw your weight around every three weeks and get a raise but you just walk different when you walk down the hall of that place and they don't mess with you

yeah i already feel that after yeah yeah and that swagger even after that swagger is equal more than the spread you're talking about and that and you know and you know we we don't have any solid data on this but it's a reasonable uh extrapolation to say hey number number of uh health problems caused by, number one cause of divorce in America today caused by stress, financial stress, all of these things added together equals substantial money, really, at the end of the day. When you cut down the number of stress-oriented health problems because you cut down financial stress being the number one stress point in America, and you get rid of

career stress because you don't have to stay in a toxic environment because you don't have to work to pay the man and so all of these things start to extrapolate and it turns into wealth health and peace and it just that's why we keep going back to it not because we're naive and we don't understand you know the the spread on the interest we't understand the spread on the interest. We do. But the spread on the interest when you factor in all those things doesn't even come close to taking care of it. I'm with you, Dave. I am with you.

I think that a lot of times people look at these numbers and it's like they're not in a ton of debt. It's her home. It's easy to look at other options. But at the end of the day, he's got that cash. They could be debt-free. They could have a home paid for, no debt in the world. And like you said, how quickly could they go and do more real estate and pay cash for it?

How much could they put into their? The math is wrong, too. I mean, $115,000 at 5%, it's only $5,000 a year for five years. That's only $25,000. That's nothing. That's not $80,000, Andrew. How'd you get $80,000? That's not there.

So you messed up something there, too. 5% of $100,000 only $25,000. That's not $80,000, Andrew. How'd you get $80,000? That's not there. So you messed up something there, too. 5% of $100,000 is $5,000. Times 5 is $25,000. So over five years, it's not an $80,000 spread. So something like, and that's if your mortgage was a 0%, and you made 5% on the CD. That's a very good point. So, yeah, you just, you can't move the shell enough to where the P is not under one of them.

It's always under one of them. It's just an illusion. Hey, man, thanks for the call, and good luck with the new marriage. Hang on. Austin will pick up. We'll get you signed up for the Baby Steps millionaire stuff. So, Jade, it turns out that when god said the rituals over the poor the borrower is slave to the lender that that slavery has more implications than a an ancient biblical metaphor

it actually is more than that there's what are all the implications of being a slave versus not being a slave what kind of slave can you be a mental emotional so can you being a slave versus not being a slave. What kind of slave? Can you be a mental, emotional? Can you be a slave to your job? 100%. Can you be a slave? I mean, how many different kinds of slave are mixed into slave? That's pretty crazy.

And it gets you, you know, when you get free of it is when you know. Oh, yeah. That's when you know that you were. All of your decisions are different. Yep. The process that you take mentally when you make decisions completely changes. It's financial peace. Two words that don't go together. Like airline service.

This is The Ramsey Show. Jade Walsh, our Ramsey personality, is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Jeremy and Jessica are with us. Hey, guys, how are you? So good, yeah. Welcome. Where do y'all live? Pensacola, Florida. Welcome to Nashville. Thank you so yeah. Welcome. Where do y'all live? Pensacola, Florida.

Welcome to Nashville. Thank you so much. How much debt have you guys paid off? About $215,000 over five years. Oh, good for you. Excellent. And what was your range of income during that five years? About $65,000 to $195,000 or so.

Wow. Cool. What do y'all do for a living? I'm active duty navy and registered nurse thank you for your service thank you for your support i'm a registered nurse okay very cool couple of nurses awesomeness okay what kind of debt was the 215 all mortgage look at it weird people paid for house love it way to go you two what's the house worth uh about 450 nice how old are you two i'm 54 46 and a paid for house come on somebody hey there you go game on

and how much in your retirement accounts we got about uh 240 now and but jeremy's got he's retired from the navy as well so we've got ourselves set up pretty well yeah you got nice that 20 did you do 20 years about 24 oh yeah they got the nice that's good yeah it is good very good nice retirement program and now you're so you doubled your income right now yeah right that's why we go from 65 to 195 yeah okay that makes sense way to go guys thank you so much way to go and you're almost millionaires i mean on top of that yeah well done very well done so what started this whole thing when you're like you know what we're just gonna pay our house off and we're gonna get intentional about it what made you oh it started probably uh 10 or 11 years ago we were

on the dave ramsey lightsey Light program where we started with financial peace and we had the envelopes. Sharon wants me to get on that program. The Dave Ramsey Light. I like that. Yeah. So we had the envelopes and we did cash, but only kind of. We lived overseas for about five years. We came back, bought a house and, um, one day we just sat down and had a budget meeting, like a real budget meeting. Jessica's a math wizard. She broke out an Excel spreadsheet and started plugging numbers in. And we thought, oh man, we can really do this. I think we sat down and we realized we make way more money than we actually kept track of. So we just started having monthly budget meetings and really stuck to it.

We make too much money to be this broke. That's right. Exactly. That disgust will get you to the table. That's exactly what happened. Yeah. So about two and a half years ago, we realized, you know, we could really pay off our house, really pay it off.

So really hammer down and five years was 215 but really uh in the past two years about 185 000 because we just went yeah we just did everything we had to yeah so really that's what it is yeah that's that you just when you look up you could see the you could see the light at the end of the tunnel it's not a train that's right so you run to the light you know i mean that kind of beautiful well done how's your field not have any payments it's weird it is so strange still kind of weird yeah so but i think probably the month after we paid our house off i walked into the backyard and i'm like every blade of grass is ours and uh it was an amazing feeling it is it really is well done you guys thank you so much

very well done so what's next what do you guys do you got no payments in the world do anything you want to do that's right we came here this was a vacation wow that we really enjoyed well good i'm glad you like nashville then it's yeah good a lot of people yes there is yeah yes there is downtown has turned into a redneck Mardi Gras. That's what we said. It really has. It's out of control. The bridesmaids out of control are going nuts, the whole thing. If you like people watching, it's entertaining as crud.

It is. Well, we're glad you came. We sure are. What's the first big thing you're going to do with money now that you're free? We're going to start plugging it back into our investing and our Roth. Just want to see that roll up now. Look at the math girl. The math girl.

I know what this is going to do. Get this compound interest going, baby. I'm thinking you're going to say a trip to Europe, a trip somewhere. You're like, I got to get this compound interest. I'm not mad at that interest I'm not mad at that I'm not mad at that at all that is so fabulous well done so when y'all were growing up did you grow up in families that had paid for houses or uh is this new to your family tree or what it's brand new I mean we both grew up uh relatively poor so owning a home was uh

a reach for us you you know, growing up. So it's unbelievable. Much less having it paid for. Absolutely. Well, the best had single moms, you know. Oh, yeah. Rough times growing up. So we are so blessed.

If they're alive, they got to be proud. Absolutely, yeah. Yeah, they got to be just thrilled, just smiling and going, I did it. This is how it works out. Some of you single moms out there that are worried if you're doing okay or not this is what you're growing you're growing people like this that's right so it's good single moms are warriors man they're amazing well congratulations you two we're very very proud of you what do you tell people the key to getting out of debt is

keep your marriage focused on god and have monthly budget meetings make a plan to stick to it there it is game on absolutely sounds like a couple of nurses yeah if i if i prescribe you medicine take it that's right that's right be compliant store it up for the next time you're sick take it oh my gosh that's it that's the plan to execute the plan i mean execute the plan a doc was telling me the other day i had no idea the amount of times he writes script and people don't take it oh that's what wow what the number of unfulfilled people just don't do what they're supposed to do stuff i mean it's just crazy i wouldn't know anybody like that but all right so hey we got the uh live and give box for you the baby steps

millionaires book because that's definitely where you're headed shortly compound interest lady over here is going to make that happen and a total money makeover book to give away and get somebody moving and of course the uh financial peace university again give that away it's for you to live or give you enjoy it thank you for coming from pensacola and again thanks to both of you for your service very very cool so happy that you're almost millionaires and you're 100 percent debt-free love it house and everything jeremy and jessica pensacola florida 215 paid off in five years 185 of that in the last two paid for house baby steps. Millionaires making 65 to 195. Count it down. Let's hear a debt-free scream.

Three, two, one. We're debt-free! Yeah! Yeah! That's how you do it. Game on. Yeah, I love it yeah i love it i love it i wonder i need to i've never seen this we need to ask the research team next time they're running a survey out uh especially if they're

running it on the millionaires page i wonder how often two nurses become how much more often two nurses become a millionaire versus one doc oh that's a good one dave because i see nurses that's a good one they lean into system i mean docs do all this crazy stuff they're all over the place uh some of them are really game on but most of them are out of their minds and um and their number the docs are number six though and nurses aren't so i guess the docs would come up more often. But you put two nurses, or I'll tell you, the other one I see in the millionaire stats, like a nurse and a police officer, that kind of thing.

It's because it's systems. There's something about that systems, and they plug in and they do it. That's a couple nurses. Okay, they sit down. We can do this. They didn't have an argument about it. They're just like we make too much money to be broke let's get this done yeah game on it's very matter of fact very practical

it's not like some kind of big it's the antidote there's no drama yeah you know we got drama at work if you're a nurse the numbers aren't a drama you know oh that's a good tie-in they're high high stress jobs police officer nurse you have enough to deal with that work when you go home it needs to feel peaceful yeah teachers have high stress because they have to deal with the parents yeah i could never do it i don't know somebody these parents that drop off their kindergartners i don't know how you tolerate those parents well i'm one of those parents dave and and and i did it with no tears this morning all right i did it you did until i brought it up on the air that's true although my son would

not take a photo with me maybe that's why i didn't get the tears yeah he said we got we got two of the ramsey grandbabies started kindergarten this week too so we're you're among friends i love it this is the Ramsey Show. Our scripture of the day is Psalm 119, 105. Your word is a lamp to my feet and a light to my path. Ronald Reagan said, when you can't make them see the light, make them feel the heat. That's good. Okay, we can go that way. We can go that way if you want to well i just ran into uh

dr john deloney in the hallway just a second ago congratulating him on the uh huge sales of this new book of his called building a non-anxious life it actually comes out october the third but we've got it on pre-sale right now for. And we'll throw in $75 worth of free bonus items, which includes instant access to his newest talk, Smoke, Fire, and Freedom that breaks down the mythology about anxiety and what we believe about anxiety and help you reclaim your life. You're also going to get the e-book, the audio book, Building a Non-Anxious Life in a Burned-Out, Chronic Stress,

Anxiety-Filled Culture. This book is really needed. I'm so proud of him. I'm so proud of the content. It's really good stuff. Go to ramsaysolutions.com and pre-order it by Dr. John Deloney, Building a Non-Anxious Life. Be sure and do that.

Joseph is with us in Harrisburgburg pennsylvania hi joseph welcome to the ramsey show hello mr dave how are you doing better than we deserve what's up that's outstanding uh so i'm 21 years old i am looking to purchase my first property. It is a multifamily. It's a quadplex. And I've run the math. Everything looks good on my side based on my view. But I know you have a lot of real estate wisdom and knowledge. So I wanted to run it past you, see if you thought it was a good idea before I went ahead and pulled the trigger on it.

So I make... Go ahead. Yes, sir. You make what? So $61,000 is my take-home pay every year. I have no debt whatsoever. And the mortgage payment as of right now, the current rates, the mortgage payment on the property would be only 20% of my take-home pay. So right now I have basically no... 20% of your take-home pay?

Correct. For a quadplex? Yes. So it's going for $190 on the market as once it gets on, but the owner of it, he's my mentor and he's willing to sell it to me at a discounted price because this is something that he and I have been talking about for a long time. What type of neighborhood is this in? It is outside of Harrisburg. It's in a small town. Really nice. It's not bad. So you think you'll be able to resell it for a profit in five years? Yes, sir. Okay. I've actually done work on the property. We've recently upgraded all of the units because I'm an electrician by trade. So the company that my mentor owns, we remodeled it before we put it on the market for renting to begin with. So all four units are rented out, and it's currently cash flowing.

There is nothing wrong with anything you're saying. All the numbers work. There's a couple of things you just want to be aware of that are going to change the deal for you. And as long as you're aware of them and you're ready for them, then it won't kill you. You'll be all right. The first thing is is that um are you

dating someone seriously no sir okay if you were to meet the right person and get married you will discover she does not want to live there so be prepared for that okay a lot of a lot of guys go buy a house and um and even a nice house know, like a nice little cute little single family home. But something about the new wife doesn't want to live in the bachelor pad. You know, they don't want to come back. They don't want to live there. So just be prepared for that, number one. Number two, the good news is your tenants are next door.

So you know what's going on. The bad news is your tenants are next door, so you know what's going on. The bad news is your tenants are next door. I would not be living in it. Oh. That's what I wanted to ask. I wanted to ask if you were living, and I wanted to ask if you can still afford it if the other three tenants don't pay. But if you're not living there, I feel like that changes the equation a little bit. So the payment, if nobody pays,

the payment is 20% of your take-home pay. If nobody pays anything, the mortgage is still 20% of my take-home pay. That would also out utilities i would still have tax so it would probably go up well where are you living and what do you pay for where you live right now it's just me and a roommate we pay 8.50 a month we live in um a property that one of our friends owns so the eight let me throw one more set of numbers so you're 850 and then if the tenant and then the from the tenants that all that money is what what percentage does that put you at yeah um i don't think i understand what you just said your portion if you have to pay rent and the payment your portion of the rent because you're splitting with a roommate

but your is 850 your portion no no no that's okay so you pay half that you pay four and a quarter wow yeah plus well i pay half of 750 we also have i have a brother that doesn't live there but he still pays rent to keep it okay so you're paying 350 i am paying 350 okay we've been there for while, and we're good friends with the owner. This is not horrible, but it's not as exciting as I think it is in your head. I'm also wondering about the longevity of it, how long you're going to want to live in this situation with the roommates. I just think something's going to change here.

I would rather you be buying a home you lived in personally, overall. So, Joseph, I got my real estate license when I turned 18. I went to the University of Tennessee at Knoxville, and I got a degree in finance and in real estate. I was selling real estate in a small town south of Knoxville called Maryville, Tennessee, Merville, Tennessee, if you're from there. If you're a Yankee, you call it Maryville. And I found this really cute little house that needed a little bit of work, and I knew how to do work because I grew up like you did, knowing how to wire a box or swing a hammer. And it needed about a couple thousand dollars worth of work.

I could buy the house. Now, this was 1,000 years ago, okay? This was 1982. I could buy the house for $19,000. And I could qualify for the mortgage because I've been selling real estate. I made enough money. I was working full-time and going to school full-time. And I almost bought that house, and I was 20 and a half.

I wasn't quite 21 yet. And my mentor at the time talked me out of it, who owned a real estate company that I worked for. His name is Gary. Gary was the broker and we believe in real estate. We sell real estate for a living. And he said, you don't want to do that right now. You're getting ready to graduate from school. You might get married and you might leave and not be living here and you're going to have this house and it's going to be more of a curse than it is a blessing now that's not your case but my point is i was very young and i didn't buy that piece of property and a thousand times i thanked gary for that that i didn't buy it because it it there was nothing wrong with the deal but it just my what was wrong was all of

my phase of life made the deal less fun i feel and i'm not saying you're gonna get married and change cities joseph at all so your story doesn't parallel my my the only part of my story that parallels yours is i was the same age as you i was young and you're pretty young to be owning a quadplex while you're a renter so you're a real estate investor and a renter that's just kind of weird and awkward it felt better if he was living there yeah and even that i had some qualms about if i'm being honest yeah i just i worry about you doing i mean you can do it and i'm not saying young people can't do stuff that's not my point at all but my point is you're at a stage of life when things change pretty quick next five years there's gonna be more changes than any other five-year period of

time in your future probably yeah so um that's something to consider but it is hey you're a sharp young dude you'll figure it out and it sounds like you got a good mentor and he's being generous to you that's good so hope it works out for you brother thank you for the call that puts this hour of the ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Dave here.

You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today. We'll see you next time.