The Ramsey Show - App - Tragedy Doesn't Have to Slow You Down (Hour 2)

Episode Date: October 25, 2019

Budgeting, Debt, Home Buying Tools to get you started:  Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in, we'll talk about your life and your money. It's a free call at 888-825-5225. That's 888-825-5225. We'll start off this hour with Shelly in Utah. Hi, Shelly.

Welcome to the Dave Ramsey Show. Hello. Okay. He is 88 years old and we have moved her into an assisted living facility and we just sold her home and received the proceeds of that are $285,000 and wondered if you had advice on what to do with that. What is the cost of the assisted living facility? The cost of that is $3,800 a month. She has an income, also retirement income, of $3,320. And right now she has long-term care insurance at $2,700 for the next two years.

Wow. She has an IRA and an annuity with a death benefit also. And then she has savings of about $40,000 in the bank. How much is in the IRAs? It's just a small $10,000 in the one, and then the annuity with the death benefit has about $140,000 in it. Wow. She has done a wonderful job. Yes, she has. Congratulations.

And I want to keep that going. Congratulations, Mom. Well, I think we can all agree the primary use of this money is to care for her. For the next two years, she's going to bank a large portion of her income because the long-term care is going to cover that, a vast majority of the cost. And so before you even get into the IRAs or get into the house money, she's going to have to live about eight years, it sounds to me like. Right, right. And I don't know what probability is on that because I don't know her health or anything else.

I do know she's 88. Right, yeah, exactly. So the first priority is to be able to access this money if she should need it. It doesn't sound like she will ever touch it. Probably not. Okay. The second priority, then, if that occurs, then who are we really investing this money for? Well, whoever would receive it upon her death.

That's who we're really investing it for or holding it for. Because I'm going to burn through the annuity and the IRA before I touch this money if this money is invested. And it'll be a long time before you even get to that. So, you know, all of that to say I'm pretty comfortable putting this house money in some mutual funds if she is and you are. How's her mental state capacity um she's she struggles but we have discussed that and she felt like she wanted to do something where it would earn better than a savings account or something like that okay all right and are you comfortable with that yeah are you in charge are you in charge of her affairs legally? Yes.

That's been assigned to you with powers of attorney? Yes, I have powers of attorney. I'm on her trust. Okay. Are you the sole heir? No, I have siblings. How many? I have four siblings.

Four. How troublesome are they? They're good. They're easy. Okay. And they're willing to help with this, and they are kind of in agreement that it should be invested we just wanted to do something that was wise okay we didn't want to take it because i don't want you to invest it and uh it happened to be down a little bit and one of them going to drama queen mode when you start dispersing this

out of the estate later and just come back on you i don't think they could but it would just be a relational issue right but if everybody's in agreement it sounds like y'all got a very functional good family and so if everybody is in the know and everybody's in agreement to a degree that this is what we're going to do with it then if i were you i would just sit down with a smart investor pro and i'd pick some mutual funds. Okay. All right. That sounds good. How's her health overall?

She has dementia. She doesn't walk very well. I mean, you know, she could go, you know, another five years. I don't foresee past that. Okay. Okay. I think that's probably the window we're investing for and you're probably fine then yeah i'm good pick you some mutual funds sit down with smart investor pro let them know the story um then you know make sure mom and and the the uh other siblings are

in the loop not because you have to legally and not because you really have any liability but just relationally if everybody's in on it then if it goes down a little bit about the time we're dispersing it nobody's going to go into freak out mode yeah that's important yeah that's all that's all it's just it's just relationship management stuff is all that is it's like sharon and i make our decisions together that way she can't tell you i told you so that's that's one of the benefits of me getting my wife's input on stuff so hey thanks for the call open phones at 888-825-5225 thank you for joining us if you are not strapped with student loan payments odds are you know someone who is one in four americans are

struggling with this millions are having to put off things like buying houses and are choosing not to have kids because they feel stuck. They feel overwhelmed. We've launched a brand-new podcast that immediately became a top-ten podcast on Apple Podcasts and has hit the bestseller list on all the podcast lists as well. It exposes the ridiculous federal student loan program, and it shows how predatory lenders have screwed over an entire generation of students. Episode 4 comes out Monday, and interviews like industry insiders, like thought leaders like Seth Godin, Anthony O'Neill, of course me, many, many others.

There's tons of people in there. Mark Cuban, Mike Rowe. We've interviewed tons of insiders from the business, whistleblowers from the business that tell what it's really like on the inside, attorneys that are suing over the student loan debacle that their clients are in, and we've gotten over 4,000 reviews on Apple Podcasts. And one reviewer said, excellent information. I wish I had this before i went to college and took out student loans because i was told it was the only way the launch of borrowed future the whole podcast series there's eight episodes it corresponds with the launch of anthony o'neill's book debt-free degree which was a number one best-selling book so you do not have to graduate strapped with student loans

and uh as a culture we need to understand what a plague this is and how out of control Congress is because they continue to make these loans. It's an epic problem, and Congress needs to stop it. And you need to start calling your congressman and your senator and telling them, stop the student loan program. Stop it. Borrowed Future on Apple Podcasts, Spotify, Google Play, wherever you listen to podcasts, and then subscribe because there's eight of them, eight episodes in the series.

Number five will drop on Monday. This is the Dave Ramsey Show. Business leaders, if you're not using LinkedIn jobs, you are missing out. Our Ramsey Solutions Company page on LinkedIn has over 100,000 followers. That's over 100,000 potential like-minded people our team communicates our current openings to. We also post on LinkedIn Jobs because we know the right person will have an impact on our company for years to come, and LinkedIn Jobs matches the right person with the right job. It's no wonder a hire is made every eight seconds on LinkedIn, and over 600 million members visit LinkedIn to make connections, learn and grow as professionals, and discover new job opportunities.

In fact, LinkedIn members add 15 new skills to their profiles and apply to 35 job posts every two seconds. Get started today with LinkedIn Jobs and get $50 off your first job post. Visit linkedin.com slash Ramsey. Terms and conditions apply. Gary is with us in Wisconsin. Hey, Gary, welcome to the Dave Ramsey Show. Thanks for taking my call, Dave. Sure, what's up?

So me and my wife, we're newly married. We make about $100,000 a year, and we have about $70,000 in debt. So my question is, we have one of our cars is $24,000 we owe on it. The other one is $19,000. And then we also have a motorcycle for $14,000 and student loan debt of $14,000. What I'm wondering is, I'd like to attack the student loan first, but at the same time, we're willing to get rid of our cars. The one that we owe $24,000 on is worth probably about $19,000, and the one that we owe $19,000 on is probably worth about $15,000. Would it be better to get rid of those first to free up our payment of about $1,000 a month and then go after the student loan and the motorcycle after that.

You didn't mention getting rid of the motorcycle. I also get rid of the motorcycle, yeah, absolutely. Okay. But I just didn't know because the motorcycle payment is $230 a month. What's the motorcycle worth? Probably about $10 or $11. Okay. So they're all three upside down somewhat.

Correct. Yes, sir. Okay. I think you take the big one and get rid of it first and then get rid of the next one and then get rid of the next one and then you're going to be down to the unsecured loans you have associated with having gotten rid of these cars and getting you some hoopties and your student loans. So you're probably going to end up with $25,000 worth of debt instead of $70,000 when all the smoke clears, it sounds to me like.

Correct. Yep, absolutely. And like I said, I just wasn't sure which one to attack first. How old are you guys? Everything will be gone. 28. Okay. That's how old i was when i went broke and lost everything so uh i will tell you what you're proposing is um very emotional to dump all these vehicles because i'm guessing you are a car guy you're a vehicle guy. Yep.

Your wife is probably ambivalent to this. Yep. So the good news about not only your willingness to do this but to actually do it is you will shock your spirit, and it will change shape, and it will never be the same. I know that because i'm you uh 30 years later okay and so because i'm a car guy and if it had a motor in it i would buy it if it had wheels i would buy it that was me and i still like cars and vehicles i've and now i've got a bunch now that i'm wealthy but um but but the what happened was my um i don't know my spirit changed shape to where now i own the vehicles

and they don't own me anymore i i don't get the um little boy child excitement from vehicles anymore it's just a car it's a cool car but it's just a car i drove a raptor down here it's a cool truck but it's just a truck and so if somebody tears it up runs into it i don't go into meltdown freak out mode i don't lose my mind because my the shape of my spirit changed once i had to start over at Hooptyland and work my way back out. And you don't have to because you're going broke. You have to because you're choosing to. But in addition to the mathematical benefit of what you're proposing, what I'm saying is it's going to change the shape of your personal spirit permanently. And you'll always enjoy vehicles because you're a guy that does.

But you'll enjoy them in a more mature, richer way rather than less of a little boy kind of way. At least I did. That's what happened to me. So, hey, thanks for the call, man. It was a good discussion. Open phones at 888-825-5225. Michael is with us in California. Hey, Michael, welcome to the Dave Ramsey Show.

Hi, how are you? Better than I deserve. What's up? Hey, I've been listening to you on YouTube for probably about three weeks now, and I really like what you're doing here, and I'm 100% dedicated. I just got married last April. Congratulations. Thank you. She is not on board.

I'm just wondering what I can do to maybe kind of soften the blow. She thinks that it's too extreme. We are in a little bit of debt. We don't make that much money. So what's your household income? Household, we're looking at about $50,400 a year. Okay. And how old are you two?

I'm 28 and she's 32. Okay. Or 29 now. Okay. All right. Well, you've got the... Five weeks ago, both of you were on the same page today correct today you've gotten this intensity and this focus and the only difference in five

weeks ago and today is you have information that caused you to have hope and believe that she doesn't have. So it's illogical for her to be on the same intensity that you're on because the only information she's gotten is from you. Correct. And so if she had the same information that you had, there's a high probability that she would come to the same conclusions you've come to and you would be on the same page with the same intensity and so uh what that means is is that you don't need to start implementing ideas of what to do until we get around behind why to do it okay so i need to start exposing her to you

and and having her follow a little more yeah go hey look at this youtube with me watch these people do the debt-free screen what was it that tripped your trigger dude um we're trying to save for a house right now and it's just now what did you see see on youtube that made you go okay um the the being kind of set later on in life um you know i come from a poor family i was raised by my grandparents they were raised by their grandparents which were in the depression so live like no one else so later you can live like no one else got your attention exactly okay all Okay. All right. So think about her for a minute, not you. You know her.

You married her. You're in love with her. What gets her attention? House? House. Taking care of kids? That's what it is. Changing the family tree. Yep.

Travel. Cars. Generosity. Yes. These are all results of getting your act together. Those are your whys. And so you don't march into your kitchen table and go, Honey, I'm going gonna sell your car so

that we can get out of debt so that we can become outrageously generous no you start talking about being outrageously generous and then together you come to the conclusion that this car is stupid you see the difference yeah absolutely that's living with your wife and wisdom or living with your husband and wisdom either Either way, it's unfair for anyone. We do that around the company around here. Sometimes some of us are working on a project. We've got a committee, a work team on something, and we all get down into the research. We have this information.

Based on that information, the conclusion is obvious. But then we go out and start talking about implementing it with the other parts of the team who don't have the same pieces of information, and they think we've lost our ever-loving and so we have to roll back it a little roll it back a little bit and go wait guys here's what we know and then they go okay now i understand why we would do that and that's all we're talking about doing here let me give you a belated wedding gift i want the two of you to go to financial peace university if i pay for it can you get her to go with you more than likely yes well don't go without her Peace University. If I pay for it, can you get her to go with you?

More than likely, yes. Well, don't go without her. I won't. It'll cause a divorce. Or it'll cause making you wish you had one. Yeah, so hold on. I'll have Kelly pick up and we'll put the two of you in Financial Peace University. Go to the class. Watch the videos together. The membership, the one-year membership's all part of it. You get the whole thing. You get the every dollar budgeting tied to your bank. All of that's in this package, okay?

I'm going to give it all to you free. And you guys get on the same page and go win, baby. And then you call me back and tell me you're winning. I want to hear from you. This is the Daveave ramsey show so Folks, let's cut through the bull. Interest rates are exceptionally low, so you're missing out if you have not called Churchill Mortgage to see if you can save money on your home loan. Lots of other companies are out there claiming great deals, but don't get lured by slick advertisements. No-cost refinance offers do not mean they're free.

Churchill Mortgage has a no-bull refinance. This means there are no hidden fees. They will shoot straight with you. Yes, Churchill can offer loans with no closing costs, different down payment options, or, of course, a traditional refinance. The key difference is you can trust my friends at Churchill to let you know what you're getting up front so you can make the smartest choice and save the most money.

Go to churchillmortgage.com. Do it today while rates are low. This is a paid advertisement. NMLS ID 1591. NMLSConsumeraccess.org. Equal housing lender. 761 Old Hickory Boulevard, Brentwood, TennesseeN 37027 In the lobby of Ramsey Solutions on the debt-free stage, David and Marcy are with us. Hey, guys, how are you? Good. Welcome, welcome. Where do you guys live?

We live in Kansas City, Missouri. Good. Well, all the way to Nashville to do a debt-free scream. So how much have you paid off? We have paid off $35,000. And how long did this take you? Took us three and a half years. Good for you. And your range of income during that time? That was 55 to about 66. Good for you. And what do you guys do for a living? Well, I work in youth ministry with the Salvation Army, and my wife is an administrative assistant currently.

Through this three and a half years, I've had a couple different jobs. Okay. All right. Very cool. What kind of debt was the $35,000? We had student loans, credit cards, a car loan, and a personal loan. Wow. So you were kind of normal?

Kind of. That's what we heard. Love it. What happened three and a half years. Wow. So you were kind of normal? Kind of. That's what we heard. Love it. What happened three and a half years ago that started this? Well, we had recently moved to Texas, and our church was offering Financial Peace University that we couldn't afford to go to, so we only went on a scholarship. And at that point, we had been married about 11 years and had kind of justified as we went, you know, we'll put this on the card and pay it off.

And we were just really tired. And so we thought, we'll take it if we don't like it. We don't have to follow it. Right. We attended the classes, worked through the steps to get the course completed. And we just jumped in. Yeah, it was tough. Yeah, it's very hard.

Yeah. It's been a long three and a half years. It has. It has. A lot has happened. We're doing okay, and then 2017, I lost my job. So what we were grateful for is that we had an emergency fund. We didn't have to go into more debt.

And then Dave got a job offer to move back to the Midwest. So we moved back in 2018. Things were going really well. We had our emergency fund saved, and we were getting close to paying off debt. And in the process of that year, we lost my mom. And then this year, we lost my cousin. And then in March, we had a house fire. Oh, my gosh. Wow.

This has been a real trek. It's been tough and you know we were um sitting in the hotel i think the second night after the house fire and looked at each other and we said this can't set us back we have to keep going yeah you have to plow forward. And, you know, the incredible thing that happened through that was with our insurance payment, with gifts that family gave us through that, my wife being incredibly frugal in how we replaced stuff, we were actually able to, because of a fire, accelerate our debt payment. And we actually paid off the debt in April. We still didn't have a place to live, but we were debt-free. And that allowed us a lot of freedom when it came to recovering from that and finding a place to go because we didn't have that debt kind of holding us down. Amen.

Amen. So the sun comes up, huh? That's right. This morning it looks better. It does. The future is brighter. Absolutely. Yeah, you've been through some hell.

Wow. Amazing. And I think along the way I kind of compared because I would listen to the show and think, well, you know, that person or that couple paid off $150 in six months, and it just feels like we only have $35, and it's dragging on and dragging on. But getting to the end of it, I think what we say to people down inside of you that allows you to stick with this for this three and a half years while going through all these different tragedies i think just wanting something better for our family um wanting to not bring this debt into their adult lives, our kids.

We wanted to set an example for them. And I loved filling out the allocated spending plan every month. That was my excitement, to make that work and to fill in the Excel sheet and look at the numbers and just wanting to live in that freedom of we don't worry anymore between paychecks. We're not the ones in the lunchroom at work saying, man, I can't wait until payday because I just don't have. We don't even really notice that payday comes because we're on board. Yeah, you've got a plan.

The dollars are already allocated, already assigned. It kind of takes the emotion out of payday. Right. That's right. Way to go, you guys. Thank you. I'm very proud of you. Thank you.

What do you tell people the key to getting out of debt is? You stuck with it. I think the key is just that no matter where you are as far as debt and income, that it's possible and that if we can do it on, neither of us make a ton of money, but if we can do it on the income that we make and we can make that process, and it's not forever. You know, when I was staring at $35,000 worth of debt three and a half years ago, I thought that's going to be around forever. You know, there's always going to be that debt. You know, maybe we can make some headway on it, but it's always going to be there. And that's just kind of the way society tells us.

You know, we live with debt. And for us to look at that and say, you know, not much more than twice that a year, we can pay that off in three years. Anybody can make progress and anybody can have success if they follow the steps. Amen. Well, not only did you pay it off in three years, but you've been through like two moves and everything else. I mean, and all these different tragedies and all these other things hit you and you still get it done. That's right. I mean, you got to feel really powerful right now. Absolutely. And no more side hustles. I like it. I like it a lot.

That's perfect. Yeah. You work like no one else, so now you can work like no one else, right? That's right. Yeah, very cool. Good for you guys. Well done. Thank you.

Very, very proud of you. Who are your biggest cheerleaders? Definitely my brother, who's here, and his wife. Oh, cool. They came with you. They did. That's fun. And he checked in with me regularly.

And if it was discouraging and we hadn't made much progress, he always said, you got it. It's okay. You just keep going. Helped immensely after the fire. And just, yeah, always cheering us on. That was huge. Love it. Love it.

Well, congratulations again. Very well done. Thank you. Now, what are your three youngsters' names and ages? Cameron is 14. Mm-hmm. Avery is 10. Mm-hmm.

And Jack is almost 12. All right. Very cool. Well, congratulations. We got a copy of Chris Hogan's book for you, Everyday Millionaires. That is the next journey you're on. That's right. And next chapter in your story.

Very proud of you guys. Way to stick with it. The perseverance that you got out of this might be more important than the math. That's right. The change in you in this process. I'm guessing nothing will ever cause you to borrow money again. Absolutely. I mean, when you go through what y'all been through, it's like, never.

Right. You're like Sharon and me. You're like, you've got to be kidding me. Right. Even the kids know when credit card offers come in the mail, they rip them up for us. Watching the mailbox, Mom. Got another one. That's right.

I love it. All right. Count it down, you guys. David and Marcy Cameron, Jack and Avery, $35,000 paid off in three and a half years. What a journey. Making 55 to a high of 66. Count it down. Let's hear a debt-free scream. Three, two, one.

We're debt-free. We're debt-free. Love it, love it. Well done, you guys great job absolutely awesome proud of you very cool this is the dave ramsey show Thank you. nancy's with us in florida hey nancy welcome to the dave ramsey show thank you jade how are you today better than i deserve what's up well i wanted to call in to give you my update. Last time we spoke was around the beginning of February.

My husband making the stupid mistakes that he did with the finances. We managed to get evicted from our home, lose our vehicle, the whole nine yards. Wow. Since then, my disability came in. I paid off all my debt. So now I am totally debt free. I, um, I was forgiven with $69,000 in student loan debt. My debt was a little under $4,000 that I was able to pay off with my, um, little bit of disability that I am getting.

Um, I do have a,000 in my emergency fund. Now my next step is going to be the fully funded emergency fund plus trying to find housing. And what is your advice on that? Baby step three, emergency fund, fully funded, is three to six months of your household expenses. The way you described all of this, where's your husband? He is living with a roommate from his job.

He's decided he doesn't want to be with us anymore. I have my 16-year-old daughter that's autistic. She has her own little business that she's had now for nine years, and she's wanting to support mom. And mom don't want to take her money. I'd rather see her save it for college. Sure. Sure.

Okay. So you guys are separated. Yes. Okay. I'm sorry. All right. Thank you. Well, yeah, you're debt free and so your next step is

baby step three and that's three to six months of your household expenses you're doing your budget you know what it takes to operate your household for three for a month multiply that times three or six in your case with all the hell y'all have been through i would make it six because you're going to get some comfort from that extra little pile of money there and that's your next major goal is just take everything in your budget that you can find loose until you get six months worth of expenses saved and so if you have a expenses of two thousand dollars a month then you know that's going to be $12,000 and so on. Just multiply whatever your expenses are times six,

and that's probably where I'm going to have you do that. So good question, and I'm glad you're getting this turned around, kiddo. Jonathan is with us. Jonathan's in Oklahoma. Hi, Jonathan. How are you? Good. How are you, Dave?

Better than I deserve, sir. How can I help? Well, I want to keep this short Well so currently I'm working a full time job Hourly Me and my girlfriend are Planning on getting married next May

Congratulations Thank you so much And her father Said that they were mentioning about Purchasing our first house like helping us purchase our first house. Nice. And so my question was, should we continue to keep renting or should we take that offer? And also have me personally, I have some credit card debt.

I'm not for sure about if she has credit card debt, but I do know she has some money saved up. I'm currently saving my emergency fund. In what way is he going to help you purchase a new home? What does that mean? Meaning, I guess he was going to help us financially. Give you the money to buy the house? Yes. A down payment or the whole thing?

Probably a down payment. We haven't really fully discussed it yet, but that's what she mentioned. I don't want you to buy a home with a mortgage until you're debt-free and have an emergency fund as a couple. Right. And so I would delay the wonderful gift that he is offering. I'm not sure how wonderful it is yet because we don't know what it is. If he is offering to pay cash for a house and hand you guys the keys with no mortgage and no payback of any kind

well we can do that anytime right no downside on that but i don't want you taking on a mortgage until you're debt free and you have your emergency fund in place. Of course, because she's actually about to finish school for psychiatry, and I'm currently pursuing my career of acting and working a full-time job. Will you stay in Oklahoma after she finishes her degree? That's what we plan, yes. Okay. All right, good. And so she's finishing her master's in psychiatry or what? Her master's, yes.

Okay. When will that be completed? Next January. This upcoming January. Oh, before you get married. Mm-hmm. Great. And what's her career plans?

Her career plans is to start her own practice. Great. And, of course, my future plan is to become a full-time actor and, you know, either hit TV or movies. Great. Okay. Good for you. Well, fun. Sounds fun. Yeah, just keep working it.

But, no, you know, after you're married, it would be the only time we would talk about buying a house, and we wouldn't talk about buying a house with a mortgage on it uh until you are 100 debt free but both of you and you've been married a while and you have your emergency fund in place now if after you're married he wants to write a check and hand you the keys to the house that's a wonderful gift uh no downside to that puppy uh as long as there's no strings attached and him writing a check and buying a house and you paying him back, nope, that's a mortgage. We're not doing that. Don't ever do that anyway.

All right, our question of the day comes from Blinds.com. Find out for yourself why they are the number one online retailer of custom window coverings. You get free samples, free shipping. And with the new promos they run all the time, you save even more. Always use the promo code RAMSY to find out where they're giving away free money there because they do give some great deals. Blinds.com. Karen's in Virginia.

Our sons do not have credit cards. They use a debit card from a checking account. We've been told they need to get credit cards and carry a low balance to get good credit. They don't want credit cards. How are they ever going to buy a house without building credit? It's a shame you can't even build good credit by paying your credit cards off every month. How should we advise them? Well, Karen, I think you have the wrong goal for your sons.

You are teaching them, or you believe, they seem to have their act together but you believe that they their best shortest path to prosperity is a high fico score the only way you get a high fico score is you borrow money and you pay it back why so that you have the opportunity to borrow money and you can pay it back why so that you have the opportunity to borrow money and you can pay it back why so that you have the opportunity to borrow money and you can pay it back why so that you get a high credit score why so that you have the opportunity to borrow money and pay it back a 750 780 credit score costs you somewhere around a hundred thousand dollars in interest that's a dumb butt goal lady i wouldn't want my kids to have that as their goal why do you want anybody to build their

credit it's a freaking dog chasing its tail there's no data that says using a credit card causes you to become wealthy as a matter of fact there's a lot of data that says using a credit card causes you to become wealthy. As a matter of fact, there's a lot of data that says otherwise. Why in the world would you want your kid to smoke pot part of the time? That's dumber than a rock. No. They have got it figured out. Now, can you get a mortgage without having a credit score or having, in quotes, stupidly built your credit?

Yes, you can. Pay your landlord earlier on time. Have a reasonable down payment. Be steady on your job for two years. And the mortgage company can, if they know how, like Churchill Mortgage does, can do manual underwriting, which means they actually do underwriting instead of just looking at one number and going make the loan a monkey can make a fico loan and so that's what the problem is with the mortgage industry it's gotten dumbed down to this level so no your

kid's got it figured out tell them to go to churchill with no credit score never having borrowed money in their entire lives when they get ready to buy a house and they'll be ready to go don't worship at the altar of the great fico oh fico you are the provider of all good things we bring you offerings of interest we bring your gold card, FICO, and we set it at your feet. FICO, thank you for letting me fleece my car and pay an effective rate of 14.22%. Thank you, FICO. You are the provider of all good things, great and small. Thank you, FICO.

This is the typical American in their stupid worship mode. Stop it. It's ridiculous. This is the Dave Ramsey Show. Hey, it's Kelly, associate producer and phone screener for the Dave Ramsey Show. If you would like to do your debt-free scream live on the show, make sure you visit DaveRamsey.com slash show and register. We would love for you to come to Nashville and tell Dave your story.