The Ramsey Show - App - Upgrading Your Living Situation After Paying Off Debt (Hour 2)

Episode Date: September 12, 2022

Take our Audience Survey & Enter to Win a $500 Visa Gift Card: Click here to take the survey   Dave Ramsey & Ken Coleman discuss: Upgrading your living situation in baby step 4, Buying a rental house, Financially preparing for a parent's death, Paying off debt after taking a serious hit on income.    Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6   Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage studio, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work that they actually love and create real amazing relationships. Ken Coleman,

Ramsey personality. Speaking of doing work, you love is here as my cohost today. We'll be answering questions about work you love and about your money and about your life and your career, your job, how you get a bigger shovel. All that is included today for free. The phone number is 888-825-5225.

The call is free. Some say the advice is worth exactly what you pay for it. Vanessa starts off this hour in Los Angeles. Hi, Vanessa. How are you? Hi, I'm doing fine. How are you guys? Better than we deserve.

What's up in your world? Thank you so much for taking my call. So I have about three months of expensive stays, so I'm in the middle of baby step number three, and I'm looking to move out, and I'm not sure if I should be leaning towards renting an apartment or working towards purchasing something. Move out of your parents' house?

Well, I rent a studio from my grandparents house it's just really small and i don't have a kitchen so yeah i'm looking to upgrade okay and what do you make a year 65 000 okay all right and you live in los angeles proper or what yes i live in los angeles by downtown la okay all Well, as you know, you're in a pretty expensive real estate market. Agreed? Yes, I agree. And so $65,000 doesn't go that far. You're not exactly broke. You have a good job, but it's an expensive world to try to think about rent or buying, either one in your situation. So did you say you're out of debt?

I am out of debt, yes. And I work from home, so I am, like, flexible. I can move out of L.A. I don't mind, like, leaving L.A. I just, you know, don't know if it's the best thing to do. What's the comparison between what you're paying for the studio with your grandparents versus something else that's not exorbitant or luxurious, but an apartment with a kitchen? What's that going to cost you in LA? Probably like another thousand

dollars a month compared to what I'm paying now. And what do you pay now? I pay only like $350. Yeah, if you can get that for $1,350, you've got a deal. That would be a deal. Yeah. I doubt it. Yeah. Okay. Obviously, your family is in L.A.

Mm-hmm. How old are you? I'm 25. What do you do for a living? I work in fraud prevention for an economic business. Okay, good for you. Okay. Thank you. Okay, so here's the thing. If you don't see your income coming up fairly quickly, you're going to struggle to own real estate in LA soon. It'll take a while. Okay. So I'm tempted as a short-term adventure to move you to a less

expensive market as an adventure, not a permanent solution. Maybe, maybe it is a permanent solution, but pick a city you've always wanted to live in, and let's try something new. You're 25. There's not much holding you except family ties. And let's go somewhere where $65,000 goes a lot further. Yes, I agree. And then you could get a lot of a little bit nicer rental situation while you save like crazy to buy a property. And then talk about it as your income comes up.

Now, if you tell me that in three years you're going to be making 165k then i'll shut up but if you're going to be making 65 and then 75 and then 85 you're going to be there a while in la yeah so okay i'm not trying to talk you out of this but it's just a matter of what your career path is because this is a math thing and you don't get a pass on math just because you're in California. And that's the question I have is what's driving your future decision right now? I know it can change tomorrow, but right now, is it live in a more affordable place and keep doing the kind of work I'm doing,

or is there a much higher professional goal that you're dreaming about? I think right now it's just moving into a more affordable place. I just got this job, right? So I was making $40,000 just three months ago, and I just received a new job. Good for you. Good. Yeah, I'm just ready to move out and basically start my adult life finally. Yeah.

Well, I agree with Dave. I would be patient and uh get into this new professional role let's move to a much cheaper area the fact that you work why don't we say after christmas we start talking about moving to a different city yeah that's what i was aiming towards yeah let's just stay in the studio till then okay that's what i would do because my birthday my birthday's in march so i I was hoping, like, by March, I should be on my own. Yeah, and then you can move to – if you were just going to pick a city today

just for fun for us to talk about, what city would you pick? Well, probably somewhere in Riverside County because I also have family out there, but I don't know if it's, like, a lot of a difference in, like, rent. No, not much. Yeah. That's not really a different city i mean that's just that's moving from one problem to another there but i mean if you went to northern california uh into some of those areas you know there's more reasonable stuff going on there or you just go to an adjacent state you know yeah we start talking about um tucson or something like

that i'm just making it up, okay? But so you just start saying, okay, by March I'm going to be here if I'm not seeing a huge increase in my pay boom over boom over boom, okay? Because in order to prosper in a very, very expensive market, you're going to have to get north of six figures pretty quick. Okay. It's just a shovel thing. I mean, you've got a hole you're in and a shovel you to dig with and that's what we're discussing here so the good news is you're in an area a field that you've chosen to go into that if you'll get

continue to study take classes get the certifications in that area security internet security stuff is just quite hot, and you could go way up real fast. Yeah, I think there's three things that I would give to her, and anybody's looking to kind of level up and get that paycheck bigger. Learn something new every day within the field. I mean, every day you're learning something. Maybe it's through a course, or maybe it's just somebody who's more experienced than you. Do something with that knowledge, and make sure you're connecting all of the time. Real relationships and real conversations with people in the field. Because by learning, doing, connecting, you're going to automatically have opportunities that

come to you because you're very attractive. People could see that your leadership sees that about you. And before you know it, you're moving up and you're making six figures. It's the opportunities you never saw before. You might consider moving to the city where this company is and working in the office. Because that way you can be actually around the human beings that are doing this. One of the problems with work from home is out of sight, out of mind on promotions. They forget you're there. They're not even sure you are there. That's correct.

That is correct, by the way. The data is showing that. As people are trying to wrestle with whether or not I go back to work or not, the data shows that there's a much greater chance of getting promoted because you're actually getting noticed. Yeah, so here's a weird thing. Promotions also happen on relationships. Yes. And that's not a good old boy network.

It's just I can trust you if I've actually seen your eyes. This is The Ramsey Show. Thank you. Music Music Ken Coleman, Ramsey Personality, is my co-host today. Mark's with us in St. Louis. Hey, Mark, welcome to The Ramsey Show. Hi, Dave. Thanks for taking the call. Sure. What's up? I was wondering about donor-advised funds and trying to use that as a way to be able to increase the

amount of giving we're doing as a family as well as for the kind of one-time giving if there's just something that comes up having a good area where funds are growing to be able to give out of. One of my mentors had told me it was a way that him and his wife had up to their giving by about 50% when they started doing it and hadn't heard it mentioned at all on the show before. Okay. Uh, well,

they're excellent. There are several excellent ones, uh, out there that do a good job. Uh, the concept of donor advised funds is obviously the, uh, you are the donor,

you're placing money into an account and you have to advise the fund where the money is to be given to. And it has to be to a 501c3 in that case. Okay? So, otherwise, if you don't, then it's not going to – there's no tax advantage to it whatsoever. You'll get yourself in a pinch. So, you know, it's all the 501c3 it does not increase giving unless you just increase your giving it's just a vehicle through which you pass money directly to the non-profits the only big difference is it encourages you to keep it

top of mind giving and it helps you systematize your giving somewhat which is all good and what to your point earlier it allows you to hold money past the calendar year and so if you don't want to give if you don't have a a ministry or a non-profit picked out that you want to give it to and you want to put fifty thousand dollars aside in december you can do that and write that off as a charitable gift and then decide later who to give it to but it has to be given to a non-profit in that process does that make sense yeah absolutely absolutely confirm what you've been told is just uh no that sounds very similar to it he's that he was saying that increase in giving was as much that once you've put it into the fund there's no longer that

hesitation of it's coming out of your checkbook so it's more of an intentional if i put this month this much in on a monthly basis you don't accidentally book that trip with the money that you're planning on giving good yeah okay i agree with that but i mean once i set money aside for giving in my mind it's gone i don't i no longer emotionally struggle with that but i'm so freaking compartmentalized after all the years of doing it and so we we moved in the direction of a personal foundation which is a the next step up uh much more expensive to operate much more expensive to put in place donor advice funds cost almost nothing to run. And so, um, but we wanted to be able to do some things, uh, with, uh, some individuals like a single mom or something like that, buy somebody

a car that was struggling or something like that without them having to be a 501 C three and all. And so donor advised wouldn't work for that plan, but it works perfectly for what you're talking about and it is a really good uh intermediate step uh for your first level of of outrageous generosity it's much better than just leaving the money sitting in a checking account and accidentally buying a couch with it yeah i agree with that yeah yeah and then i think we're on the side like if it's a give somebody the car type option let's just run those out of the checking account do it as a gift donation right off on those instead if we're not i mean just my wife and i we're not anywhere near the level of the foundation at this point in time yeah yeah it's a good it's a really good first step and uh there's um there's

two or three that have been around a long time. They've been very popular in the evangelical Christian community. Larry Burkett, Ron Blue both made them popular, served on some of the boards. They're both friends or were friends. Larry's past, but Ron is still a good friend. That's the first time I ever heard about it. And the Generous Giving guys out of Chattanooga, Tennessee, do a lot of work with

outrageous generosity as well uh particularly in the faith spectrum and uh they've been tied into some of the donor advised funds it's a really good way to look at it so it's a good question thanks for calling us can the giving part of what we teach is essential to winning because it releases you um if you can compartmentalize it, like I'm talking about, or you move the money over into that, there's something that happens once you decide the money's not yours. Yeah. Well, and your behavior, as you said, we've decided we're going to give this much. And so we live differently. We begin to see the return on investment in a different category. When we're really giving intentionally you begin to go wow this is legacy stuff not just uh 401k mutual fund stuff not that there's

anything wrong with that but it really does change your entire perspective and you know what's interesting is that i think that that you you in some way set yourself up and i don't want this to be misunderstood that if i give i'm going to make more money. I don't believe that as an action, but I do believe that your behavior changes and your perspective changes so much that there's a good chance you're going to end up making more money because of that change in perspective and belief. Well, I mean, let's just face it. We all can smell a taker versus a giver. That's a good way of saying that yeah and when you are a giver physically logistically uh it changes the way you smell it changes the way you walk it changes the

way you smile you're the person that opens the door for somebody that's got their arms full of stuff you know the taker just runs through and doesn't even notice they're there uh and at different times in my life i've been more than one than the other sure you know so it's okay wherever you start out but generosity is not a a magical dna factor it's a decision yes that's correct and it just really puts into motion as you said it's a likability factor you just have a spirit about you and who tends to get promoted people that are takers or people that are givers givers i mean in corporate america where there's politics maybe the taker that's true maybe on hb maybe on hbo for a season for a season yeah the takers can get ahead for a while but it comes back it does it really does and the boomerang effect is bloody it's bad but the the giver is who you know if you're leading two people and you have the perception

of wisdom and you actually believe as their leader one of them is a giver one of them is the taker you're going to promote the giver every time because you know they're going to prosper the people under them that are that they're leading the customers that they're serving they're going to prosper them they're all about generosity and that generosity just the way they hold their face is different yes it's everything and it changes everything so yeah it's an act you want to intentionally plug into and um the uh that's the process you know and just it's it's fun and important to point out too for those of you that are right now baby step two gazelle intense you can still give of your time and you can give of your talents in this season mario is with us in new york city Hey, Mario, what's up? Hey, Dave. Thanks for taking my call. I appreciate it.

Sure. How can we help? Yeah, I'm 46 years old. I'll be turning 47 in a couple of months. And my question is this. Apparently, I had a house where we live in right now, and I had a 30-year mortgage. I ended up paying that off in about 12 years. And I paid off the mortgage about a year and a half ago.

Good. So I have about 1.3 sitting in the bank right now in cash. I have about $275,000 in the stock market with about 10 or about 15 to 20% correction that we already had. And I'm in the market and I found this property, which is about a four family home, will produce about $7,000 a month in rental. And it costs $1.2 million. And I was thinking to purchase it all cash uh 1.2 cash and then that would leave me with 90 000 in the savings account for emergency fund and it's kind of what's your household income uh 350 000 okay i would want to build your retained earnings up

more quickly if you drain yourself down this far on one property because if you have a major event at that property and loss of rent or a repair you could really get yourself in a pinch there that's that's pretty tight but if you're going to write a check and pay cash for it uh for god's sakes offer them a low ball number try to get a deal on it um you know i'm going to shoot anytime i buy investment property i'm trying to buy it a deal and i'm trying to write a check for cash i can close it friday but it's going to be a deal otherwise i don't do it and uh i just i made a lot of money doing that with rental properties so um yeah that's where you want to start i would buy it but i want you to build that return to earnings back up as fast as possible Ken Coleman, Ramsey Personality Open Phones is my co-host.

Open Phones here at 888-825-5225. Charles is with us in Bowling Green, Kentucky. Hey, Charles, how are you? Better than what the world says I should be. I hear you. How can I help? I'm seeking wise counsel. My mother has cancer, and we've already prayed about this,

and we've determined it's her time. So the problem is all her debt. So I'm just trying to get some idea how to honor her. So my dad and I how to honor her. Mm-hmm. You know, from, you know. I'm so sorry. So my dad and I can, you know, properly honor her. I'm so sorry. How old is she? She is 69.

Okay. And your dad and her are still married? Yes. Okay. And how much debt does she have, hon? So there's $20,000 to $25,000 on the car. $4,000 to $5,000 on medical debt. We're still getting some of the bills on that.

And then she has a $10,200 judgment from credit card debt. Okay. Do they own a home? Yes. Okay. What's it worth? Considering the shape it's in, probably closer to $130. What do they owe on it? Zero.

So they own the home. Okay. Do they have any money uh about four thousand your dad does yeah okay does she have any life insurance no okay and what is the prognosis uh since you all have decided uh that treatment is stopping? She's got a month or a year or what are you thinking? That's the big unknown. It's acute leukemia, so it's pretty much whenever she runs out enough blood to keep her alive. Yeah.

Okay. But what's the doc saying? They couldn't give us an estimate on that i mean it it could have been it's pretty much a range of weeks to a year okay okay i'm so sorry i'm sorry y'all are going through this okay rule number one is uh we don't worry about the money part we worry about mom first okay and your dad just love them the time that she's got here you're pleasant you're not stressed she's not stressed you're just gonna hang okay been doing that and doing that but the you can the the thing about this stuff is it um you can get down into the business aspects

and the math aspects of the adult work that has to be done here and lose the enjoyment of the little time you've got left with her, and I don't want you to do that, okay? That's not an issue. I mean, there are times that I just spend a couple hours in the hospital and I'm with her. Okay. Now, it helps me, if I'm in these situations,

to know the technical aspects because it helps me lower my anxiety or my stress level about something, because you're usually more stressed about things you don't understand than things you do understand, even if there's bad news in the things you do understand. Agreed? Yeah. So here's how this works mathematically.

So I'm going to get technical and cold all of a sudden with you you ready okay when someone when someone passes away what they own their assets has to stand good for what they owe if they nothing, the debt does not transfer to their children. Now, in your case, your mom owns half of a house that's worth $130,000. Your mom... Everything else is in her name only. It doesn't matter. A house... It doesn't matter.

Her house has to stand good for her debt so if your dad wants to keep this house he's going to pay her debt okay if if there was not if they if they lived in an apartment and they owned nothing then he would not have to pay a dime of this because it's all in her name and it does not even go across marriage lines individuals are individuals in this situation okay but because she owns a house that's where she owns a portion of a house that's worth 130 000 if he wants to keep his portion of that house he's going to have to pay these debts so what are we going to do we're going to sell the car we're going to call the medical people up and we're going to call the

credit card people up and go uh she died here's a death certificate and you send them a copy of the death certificate and you say we're willing to pay something on this but she died and her estate consists of an old house that's not worth much and um you know we're willing to settle this and you go in and you settle this fifteen thousand dollars worth of debt for five or six thousand dollars and you your brothers or sisters probably gonna have to help your dad scrape that together to do that and then he's gonna when you write those checks and you settle those debts he's gonna have a free and clear $130,000 house and no debt. Go ahead and sell the car today.

Yeah, it's right now, yeah. Just doing it on Carvana, it's like $17,000. Private sale is somewhere in the range of $19,000 to $26,000 on the high end. So you can sell it for 20. You told me it's worth, you told me 20 is owed on it. So you need to get the car sold. You get the car sold now. She doesn't need the car.

And then you're sitting there on the other debt, and you just let it sit there, and you don't do a thing with it until uh until she graduates to heaven and after she graduates then you go and you do these business transactions and you settle these debts for 25 to 50 cents on the dollar with cash and that clears your dad out i've already been talking to the hospitals and and uh getting them to negotiate and reduce that debt already. Good. You're on track. This is exactly what you do.

But you don't get to walk away from it because we need to protect the house for your dad, okay? Yeah. If there was no house and she owned nothing, we would just call up the credit card company and send them a death certificate and say, she passed, she has no assets, you get nothing. You send them a letter. It'd be that simple, okay? But in this case, to protect dad's house, we've got to go through and settle these things. Okay, so my first priority is vehicle, get rid of it, then we can start on medical,

and then that judgment. And I'm not worried about those credit cards. They can just sit because they're not going to do anything. They're just going to sit there and squawk. But other than yelling and flopping the floor, they're not going to do anything. Just sit on them and let them get old and let them get nastier, and then you can deal with them next year, two years from now, whenever you want to deal with them,

so they don't come over and put a lien on your dad's house. We eventually want to take care of them, right? Yes. Is your dad's house we eventually want to take care of them right yes is your dad working no he he's unable to work okay he's had a couple strokes and injuries okay and do you have brothers or sisters no i'm just we're all single children okay what do you make uh i make 52 i've i've already started uh the 225 a month that i normally put away into my savings i've already started diverting that to help them okay but yeah for me all i have is you know my only debt's the house and i've already got 12 month savings and all that well i, if you took a little bit of your savings and settled this debt, that'd be fine

because you're going to inherit this other house someday anyway. Right? Eventually, I'm probably going to sell it because I don't know. I didn't say that. But you're going to get $130,000 if your dad passed away today. So if you put $5,000 in this deal to help your dad, it's not like you lost it. You're protecting your future asset. Again, I'm being very cold and calculated here, and I'm taking all the feelings out of this

because we understand that there's more important things than all this junk. We covered that in the first part of our conversation. But, yeah, I'm sorry you guys are facing this, Charles. It's so hard to go through. And that's a nasty disease right there man it's slow it's harsh i'm sorry this is the ramsey show The Thanks for joining us, America. Ken Coleman, Ramsey personality, is my co-host today. Crystal's in Cleveland, Ohio. Hi, Crystal.

How are you? Hi, Dave, Crystal. How are you? Hi, Dave. Good. How are you? Better than we deserve. What's up? So my husband and I, last year, we were making nearly six figures, going through our debt, doing great.

And my two-year-old, well, he was one at the time, my one-year-old son unexpectedly started having seizures. So it was a long process. We're still struggling. We have lots of doctor's appointments all the time, but he's clearly made the decision. He's doing better, much better. Did they diagnose it?

He's calming down. They diagnosed it. he has something called gray matter heterotopia um they found a spot in his brain that shouldn't be there basically so it's been emotional yeah i guess we made the decision for just my own emotional state um i was a school teacher and we made the decision for me to stay home for just my own emotional state. I was a school teacher and we made the decision for me to stay home. That's understandable. Yeah, we basically cut our income in half,

but our expenses were the same. So we blew through our emergency fund and pretty much all of the debt that we had paid off accrued again um so we're looking at where we're gazelle mindset but we don't know what our next step should be so we have a few we're going to stop have you adjusted your lifestyle now to be within his income, or are you still going in the hole? We've adjusted all the extra stuff out, but just our mortgage. So you have to sell your house in order to stay home and be with your child? Yes. When's it going up for sale?

Should have gone up for sale the first day you came home from school. Absolutely. My husband doesn't want to sell. I don't care. I don't care what your husband wants you guys you guys already made this choice you made the right choice we're going to stay home with the baby the baby's sick my heart is breaking and i have tears running down my face and i'm going to stay home with my baby my baby is sick we cut our income in half you can't ignore the fact that you have to also cut your expenses in half simultaneously. And you didn't do that. Right. The first part you did was heroic. The second part you did was stupid.

Sell your house. Okay. For your child. For your child. Sell your house. You can't afford your house on your husband's income. Am I right? Yes. Okay. All right. The house is a collateral damage to the situation with your child. And what you're declaring when you do this is that you spending time and being there for this sick baby is more important than the stupid house.

Exactly. Because you cannot live in a fantasy mathematically. You don't get a pass on math because you're a hero for a sick baby. You should be a hero for a sick baby. You're an amazing woman. He's an amazing guy. You've got a hard, tough situation. I'm sorry you're a hero for a sick baby. You should be a hero for a sick baby. You're an amazing woman. He's an amazing guy. You've got a hard, tough situation. I'm sorry you're facing this, but do not make it worse.

Mom, my concern is right now our debt to income, even if we sold our home, I guess to purchase another home, I mean, we would have a decent amount of equity. What is your house payment? Our house payment is a little over $1,100. And what is his take-home pay? His base take-home a month is only $1, 1800, but he makes commission on top of that. And it very greatly. What does he make a month?

Right now, um, his take home is 1800. He's not making anything above the 1800 a month. Right now he is. Last month, let me see. Last month he brought home $3,000. You cannot have an $1,100 house payment with $3,000 income money. Right. Doesn't work. Doesn't work.

Something has to change. And here's the thing. Something's going to change. You're either going to change and here's the thing something's going to change you're either going to change it or somebody's going to change it for you called a foreclosure and a bankruptcy because you're you're driving a car straight at the wall mathematically aren't you yeah you you you're in denial about the fact that the math sucks with the fact that the baby being sick is sucks yes and the math causes the math to suck and you can't that you've got to face the whole thing it's your best way through this your best way to win long term is to face the whole thing and what's going to happen i can tell you i'm i'll just be a prophet are you ready five years from today

five years from today the seizures will be gone he's going to be a normal little boy running around like crazy and you're going to be back teaching and this is all going to be in your rearview mirror but it's going to be in your rearview mirror faster if you deal with the present full reality today okay crystal you said earlier that the reason you came home from the classroom was for your emotional well-being and yet all of this debt is causing just as much emotional stress. So you've got to implore your husband to understand that we made this decision for my emotional and mental well-being. And yet I'm not getting the benefits of that because of our finances. And this is a season. And you don't need to be thinking about a house.

You sell the house and you rent. And this is a circle the wagons moment for your family where we circle the wagons and we defeat the enemy in front of us and then you're going to get another house explore you're going to get another house you're not going to get one on three thousand dollars a month yeah right and you're not going to get one in this current situation whoopty doopty there's another house i've been to cleveland ohio there's houses all over the place you can get you another house right they're everywhere yeah and so you'll get you another one yeah this isn't this is a moment in time this is what's known as the valley you are in the valley right but the point of value is you don't stay there you're not going

to live your whole life in the valley it doesn't turn it doesn't work out that way and so this is the thing you'll look back on and you'll tell you know you'll tell your little boys kids someday you know when your kid your daddy was one he about drove us nuts we had to sell the house oh you know you're gonna be that you'll be that grandmother telling that story right that's what's gonna happen crystal i can't tell you how many times my mom and dad have talked about when i came into this world they live in this teeny tiny one bedroom apartment. See, now there's a whole other thing. Over a pharmacy, yeah.

But the point is they talk about how hard it was. Well, imagine trying to parent me, for heaven's sakes. But, you know, this is a season and I don't remember it and your son's not going to remember it. And this is a storm. This is a storm right now. And I got to tell you, it's not for your emotional well-being. You're being a good mom. That's right.

A good mom wants to be there with a one-year-old that's having seizures. That's just a good mom. I mean, that's not a bad thing. Thank you. And if you were my own kid, I would tell you to do exactly what you're doing, except for the part where you kept all the expenses. Right. So those got to go starting today. I would tell you to do exactly what you're doing, except for the part where you kept all the expenses. Right.

So those got to go starting today. And then you'll come back out of this, and you'll be able to add a house back. Now, the last thing of this is I want to ask you this. How available with this medical situation are you to do tutoring in your own home? We've talked about that even for this next upcoming school year. Yeah, like $40 an hour. Yeah. Make a huge difference if you have the bandwidth and it doesn't put your child in jeopardy.

Right. I'm not trying to have you quit work and turn and put you back to work. That wasn't what I was trying to do. But if there's some bandwidth while kiddo is sleeping or kiddo is manageable 99 of the time but we're just here to watch him and make sure he's not having a episode right then you can do some 40 an hour tutoring and you can change this whole situation and maybe keep the house yeah i would tell you a very specific idea there dave is online teaching adult education makes really good money and the little guy's in sleep she's got the monitor in control of when you do it yeah yeah

online online tutoring big time help yeah check on all that but kiddo make the adjustments on the outgo when you make the adjustments on the income that's what i want you to do so you win in this you call us anytime We'll be honored to help you. Dave here. We just launched a brand new audience survey for The Ramsey Show, and we'd love your feedback. You could be entered to win a $500 Visa gift card. No purchase necessary. Take the survey at ramseysolutions.com slash survey. We'll see you next time.