The Ramsey Show - App - We Are Being Sued by a Timeshare Company (Hour 3)

Episode Date: December 13, 2021

Insurance, Retirement, Career, Debt, Home Buying, Home Selling, Investing, Education, Relationships, Saving As heard on this episode: Sign Up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started:  Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE

Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king, and a paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us.

Open phones at 888-825-5225. That's 888-825-5225. Andrew is with us in Kansas City. Hi, Andrew. Welcome to the Ramsey Show. Merry Christmas. Merry Christmas to you, Dave. Thanks for taking my call.

Sure. What's up? Yes, I have a question for you. I own my own business creating websites, and I just had a question on business insurance. One, is it necessary? And two, if so, what should I look for and what should I avoid? Well, there would be two things you might cover with business insurance but probably won't in your situation. One would be liability

are you doing something that would cause someone harm building a website uh no i just was just trying to think of all the different ways that i can be protected and as well as i mean if you're doing something that someone might sue you for screwing it up because you bring them harm but typically building a website or doing a marketing plan or stuff like that i mean there's no liability possible okay okay uh we do have an umbrella policy um personally but i don't know if that yeah that's just personal but this would be if you you know if you uh uh did something let's just make up something that's not going to happen but i mean you you wrote a program for their website and it burned down their building you know or it smoked it smoked their their two hundred thousand dollar

server because of your programming which really is not possible i'm making this up and you can't neither one of those things are physically possible to occur. But if you could do something that would cause liability, harm, physical harm, or something like that, then you would think about it. I don't think I would do it if I were in your shoes. I don't think I'd worry about it. overhead and um you wouldn't to where if something happened and you didn't have the cash you would uh you have to lay off all your employees and you couldn't pay your rent and pay your light bill that would be business interruption insurance okay and so if there was a uh a major outage a uh a storm that tore up something and you'd you, like if a tornado came through, you would, you know, we just had some massive storms this week in America.

And so God bless the mess and the poor people's lives and the whole thing. But from a business perspective, you know, yeah, you've got insurance to build the building back, but in the meantime you're not doing business. You don't have income coming in. And so that interruption and all of those employees don't have jobs anymore because you can't cover it. And so that's the whole thing. And I think, and again, you're like a one-man shop, right?

Yeah, just my wife and I. Yeah, so you don't need business interruption insurance. Right. So you're fine. I would just let it ride. Okay, great. I think your liability insurance. Now, if you get a bigger operation and you're worried about either one of those things,

the liability of getting sued, and there's something you can buy insurance for, then that's fine. Or there may be other ways to keep that out. One thing I would do when you get to some size, I wouldn't fool with it now, but I would go ahead and shift the business to an LLC when you get some size on it that it might be a target. Sure. Because that way they can only get what the LLC has if the LLC, the business of the LLC misbehaved in some way.

You could lose only that asset. And like your personal stuff, no one could get through to. That's called piercing the corporate veil in order for them to do that. So good question. Thank you for joining us, man. Open phones at 888-825-5225. Jeff is in Cincinnati. Hi, Jeff. How cincinnati hi jeff how are you hi dave how are you i'm good good how can i help dave um i'm 51 years old um i work in a dime

industry and we are going to our plant's going to shut down and at the latest it's going to stay open until 2027, but it could shut sooner or not. I'm debt-free, but I don't have a lot saved for retirement. Just wondering what I should do so that I can retire decent. Okay. Well, you're probably going to be working more than five more years if you have zero saved for retirement. Right. But, I mean, I make a good living.

I gross about $165,000 a year. Okay. So what are you going to do when the plant shuts down in five years? well i was planning on what i was planning on doing is um starting a greenhouse and working for myself okay all right and what can you make doing that where i live probably somewhere in the neighborhood of 40 000 50000, $50,000 a year. Substantial drop from $165,000. Yes. Okay.

So that's not going to really assist you in building a nest egg because you're telling me you have no nest egg, right? Well, I have. I mean, my home's paid for. I have eight and a half acres of land that's paid for. But you don't have any money invested in a nest egg for retirement? I got a small pension, probably, it'll be about $50,000 a year. But you don't have any money invested in retirement?

No, not a whole lot, $20,000 and a 401k. Okay. All right. So since you have no bills and you have five years with this fabulous income, let's turn up the heat, man. Max out your 401k. Max out your Roth IRAs. Are you married?

Yes. Okay. What does she make? She doesn't work. She has a lot of health issues. Okay. What does she make? She doesn't work. She has a lot of health issues. Okay. She makes $165,000, max out two individual Roth IRAs, max out your 401K. That's about $40,000 a year right there.

Okay. And let's just turn up the heat, and let's see how much money we can get saved in the next five years. I mean, let's just pretend that you saved uh fifty thousand bucks for five years that'd be two hundred fifty thousand dollars in your in your retirement account when you when the plant shuts down okay and while you're at it you need to pile up enough cash to build this greenhouse for cash all right over the next five years so you need you got two goals here that you need to budget for and you need to really lean in on that so here's the thing if you put 250 000 in there you don't ever save anything else every seven years or so it will double if it's in good mutual funds okay and so let's see you said you're 51 five years of 56 so at uh 63 it'll be 500 at 70 it'll be a million all right but you need that 250

in there in the next five years so you need to save 50 000 or more a year start with maxing out all your retirement get with our smart investor pro in your area and get this game plan laid out you've done a really good job of putting some basic assets in your life, the paid for real estate stuff. That's amazing. Now let's put some cash in there to eat with, my man, and you'll be in much better condition attitude-wise when this plant goes shutting down on you. Imagine a world where people never have to worry about money ever again. At Ramsey Solutions, our mission is to teach people how to get out of debt and build lasting wealth. And if that means we have to take on the toxic money culture that says you

need debt to get ahead, then we're okay with that. We've seen millions of lives changed and we will continue to create digital products and services to help people transform their lives. If you want to join me and over 1,000 other team members on this crusade, we're currently on the hunt for web developers, UX designers, and SEO and content marketing specialists. To find out about these positions and more here at Ramsey Solutions, visit ramsesolutions.com slash careers. That's ramsesolutions.com slash careers. Together, we will disrupt the toxic money culture in America and change lives. Visit RamseySolutions.com for more information. Thank you for joining us, America. Open phones this hour at 888-825-5225.

One of the things going around America right now is get rich quick has kicked into gear again. Periodically, we go through a get rich quick phase in our culture, and we're in the middle of one people are looking for quick easy ways to become wealthy and those are always fraught with danger but nothing down real estate has popped up again as a way to get rich quick and you can get rich quick but you'll go broke quick in it too um any way you can shortcut anything having to do with money a lot of people buying bitcoin on that same premise. They're going to get rich and easy. It's no problem.

And if you don't understand, you're just not up with technology. You're a little stupid boomer and all that stuff, right? So here's the thing. We're going to do an event here in Nashville on how to build wealth in 2020. Building wealth in 2022. 2022. in 2020 building wealth in 2022 2022 me rachel cruz george camel january the 13th we put the tickets on sale today uh half of them are already gone it only the venue only holds just about a thousand folks and so it will fill up very very quickly tickets are only they start at just 15

dollars and they go up from there. But join us in Nashville. It's a one-night special event. And we're going to show you a proven plan. How to really build wealth this year. Not what somebody's opinion is that lives in their mother's basement and has a financial blog. This is a proven process that for 30 years we've shown people how to become millionaires. And they have, by the way, become millionaires. So if you'd like to join us for that live event here in Nashville, if you're up for

being in a room with a thousand plus people. Rachel Cruz and George Camel will be with me on January 13th here in Nashville at our Building Wealth in 2022 event. Go to RamseySolutions.com and get your tickets right now. RamseySolutions.com slash events and get your tickets for this Building Wealth event. Again, I don't think these tickets will make it to the end of the week. And so I'm pretty sure they won't. They're half gone already, and we just put it up today. So we did a little bit of pre-marketing on the Internet, and it took a bunch of them.

So anyway, jump in, get your tickets now while you can. Open phones at 888-825-5225. Candice is with us. She's in Austin88-825-5225. Candice is with us. She's in Austin, Texas. Hi, Candice. How are you? I'm blessed, Dave. How are you doing?

Better than I deserve. What's up? Yeah, I was just calling, hoping to get your opinion. You helped my husband and I before we got married to get out of debt, and we've been out of debt for the last five and a half years. Why'd it go? Yeah, thanks. It's all thanks to you and your program. But we're kind of at a sticky situation. We bought our home about four and a half years ago. And all of our extra money, aside from retirement savings, we've been putting into a mutual fund.

And then we have some stocks. And so we've built up enough now that we could go and pay off our mortgage. And we're just trying to decide if that's the best move to make, knowing that this is going to be a rental home. Okay. Well, let's go back to the part where you said you've been following our process and you use that to get out of debt okay um you mean you loosely generally know what we teach or somehow you had plugged into details of what we teach no No, I mean, I definitely can plug in the details. We have our...

So you know my answer to your question then? I mean, I think that we should pay it off. I mean, have you ever heard me in any of our teachings say anything else? No. Never one time did I tell people to build up money into a mutual fund and in single stocks to pay off their mortgage. I told them to just pay off their mortgage. Does that sound familiar?

Yeah. May I? Yeah, no, I mean, we put the money into mutual funds rather than just having it in a savings account. I understand. What I'm saying is, what I'm trying to understand is, I mean, I think we inspired you to get out of debt, but you never really got down into the details of exactly what we teach in the baby steps and how to do it, because you wouldn't have done what you've done if you understood that. If you were following our stuff, which you said. Because we don't teach people to do what you've done.

We teach them to pay off their house. And so now that you've done it, though, you've got the money. Yes, I'd pay off your house today. Now, then you've got a paid-for house. Wait a minute, you said rental, which means you're going to move to another house and take out a mortgage? Yes, well, we want to... Our plan is to then buy snowball money to buy a piece of land to build our home on with cash or are you going to take out a mortgage to build your home we're going to take out a mortgage to

build it okay i want you to have rental property again you're welcome to do whatever you'd like to do candace you're obviously an adult you get welcome to do whatever you'd like to do, Candace. You're obviously an adult. You get to make your choices. You called and asked me what we would do and what we teach, okay? So let's go back. Baby step four is 15% of your income going into retirement after you're out of debt and have your emergency fund in place. Does that sound familiar? Yes. Okay, and five is take care of kids' college college and six is you put everything else on the house until it's paid off okay then if you're going to buy other properties you save and pay cash for them if you can't you need to sell the other house so i don't think you're going to

follow what i teach but i'll go ahead and tell you what it is because it's so different from your plan but what we teach is and i'll tell you why we teach it so you'll understand the why too but um what we teach is i would take all of the money that you've got today and i'd pay off your house i would pile up cash as high as i could pile it up and if you're unable to build the property on the piece of land without borrowing money then i would sell this other house in order to pay cash for my residence. Because having your residence paid off and a paid for or having a residence mortgaged with a paid off rental property, that makes no sense at all. So what I would tell you to do is get your residence paid off wherever that is through whatever message or

method we're going to use here. And then I would start saving and pay cash for my first rental. But in no case am I going to tell you to borrow any more money in all of these scenarios. So if I woke up in your shoes, I would pay cash. I would take the money out, and I would pay off your mortgage today. Then I would pile up more cash, and when I got ready to buy the land and build the property, I would sell the current residence, pay cash for your new place with the saved money and the sale of your current residence, and then you'd have a paid-for nicer place on acreage. Now you've got no bills in the world. Let's pile up cash and go buy a rental somewhere.

But I'm not going to try to back into the rental. Now, I don't think you're going to do that. But that's how I would do it. By the way, that's how I did it. And it worked fabulously. But it requires a little more patience on buying the rental. You're trying to do about six things at one time here. You want to have investments. You want to have a paid-off house.

And you want to have a paid-off rental. And you want to build a house out in the country on the rental. You're trying to do about six things at one time here. You want to have investments, you want to have a paid-off house, and you want to have a paid-off rental, and you want to build a house out in the country on the land. And so you can't be doing all these things at one time. You're building, it's going to catch up with you. So the good news is you've saved some money and you've got some options. Now the only question is what you're going to do from this point forward, and you've got to make that decision. I can't make that for you. Thank you for the call. Open phones at 888-825-5225. If you want to know what the baby steps that we teach are exactly and exactly how to follow them in detail,

that's what the best-selling book, The Total Money Makeover, is. It's on sale for $10 right now. People buy them by the case and give them away as gifts. But in great detail, exactly how people have become Baby Steps Millionaires. The shortest distance between where you are and wealth is all in The Total Money Makeover. Thank you. In the lobby of Ramsey Solutions on the debt-free stage, Rick and Laura are with us. Hey, guys, how are you? Good. Good.

Happy to be here. Merry Christmas. Where do you all live? We live in Kingsburg, California. Ah, cool. Good to have you. And all the way to Tennessee to do a debt-free scream. That's right.

How much have you paid off? We paid off $74,052.32. Excellent. How long did this take you? It took us seven years and eight months. We were turtles, Dave. Okay. And your range of income during that seven years? We started out at $44,000 and we ended up at $72, Dave. Okay. And your range of income during that seven years?

We started out at $44,000, and we ended up at $72,000. Okay, cool. Very cool. What kind of debt was your $74,000? Well, most of it was our student loans. We had $55,000 in student loans. We had just over $14,000 in credit card, and then we had another $4,500 in family loan. Ah, okay.

All right, cool. So what put you on this journey? Tell us your story. Well, we came to a church in Dianuba, California, near Kingsburg, and part of the process of coming on staff as associate pastor at the time was to take the Financial Peace University class. Oh, wow. And I thought, hey, that's a little intrusive.

Who does this pastor think he is, making us take this finance class? But from the day one that we took that class, we knew this is exactly what we needed. Totally changed our financial perspective and the rest. And as a pastor, that was hard to admit. I'm supposed to have all that together. I understand. I understand. I understand. Cool.

So you began the journey and it was a slow, long slog, huh? Yep. Yeah. We, during that time, we cash flowed three children. We had already had our oldest, Emma, at the time. She was almost two. And so we paused for nine months each time and then threw it all at debt after each pregnancy. So that took a little bit of time.

And then in the last year, we ended up paying off about $34,000. Oh my gosh, most of it in one year. Yeah, the last eight months we ended up paying off $34,000, the last eight months of our debt-free journey. What accelerated it so much? Debt snowball and checks from the government and what else? We didn't use any of those checks for ourselves. We just kept throwing it all at debt. But that raise in income happened at the end too. But also just getting a little more gazelle intense at that time.

Through our debt-free journey too, we went through seven different beater cars. Some of those were gifts. We went through crowns and root canals. We went through two different moves and just had a lot of things like that going on at the same time. A lot of life. A lot of life happened. But you didn't quit.

Nope. Didn't quit, no. And then at the end, your hockey stick up and to the right, huh? That's right. Boom, just go. Yeah. Look at that. Way to go, guys guys how's it feel

to be free wonderful absolutely wonderful wonderful good job guys wouldn't trade it for anything yeah fabulously done love it love it love it so proud of you thank you and you brought the kiddos with you what are their names and ages bring them up all right come on Come on up, girls. We have Emma, Constance, Bonnie, and Holly. Emma is 10. Constance right here is 7. Bonnie is 4. And Holly is 15 months. Oh, here we go.

Okay, cool. What do you tell people the secret to getting out of debt is now that you've done it? Be consistent. Don't give up. Yeah, your steadiness is what did it. That's right. And the borrower is slave to the lender, but our only master is Christ. Amen.

Amen. And now you're free. That's right. Congratulations, guys. I'm so proud of you. Who are your biggest cheerleaders outside of you guys? Family, friends, Wayne and Debbie Petnak, my parents, Marco and Malie, my sister, Melissa, brother Thomas, sister-in-law Maddie.

Oh, a lot of cheerleaders. Rick's mom and dad, Carmen. We had a lot of help along the way. My mom gave us the Total Money Makeover, gave me that back when I was in college, and I thought, who's this guy? That book collected dust. I never read that book. Got it, got it.

Until we took the class, and then I realized how right my mom was. Yay, I love it. Yes. Well, congratulations, you guys. I'm so proud of you. Heroes, well done. How does it feel to be free? So good.

How does it feel, girls? Good. They've been waiting for this for a long time. This one in particular, she's been practicing debt-free streams for seven years. Yeah, she's had a lot of practice, but been ready to go. All right, Rick and Laura, Emma. Oh, we got a copy of, I'm sorry, Baby Steps Millionaire for you. That's the next chapter in your story.

It puts you in a position to be outrageously generous. And, of course, Total Money Makeover, you can give it to somebody so they can collect dust. That'll be perfect. I love it. All right. Rick and Laura, Emma, Constance, Bonnie, and Holly. $74,000 paid off in seven years and eight months, making $44,000 to $72,000. Count it down.

Let's hear a debt-free scream. Three, two, one. We're debt-free! I love it! Way to go, you guys. That is exactly how it's done. That is fabulously done. Well done, well done, well done.

Chris is with us in Detroit, Michigan. Hi, Chris. Welcome to the Ramsey Show. Hi, Dave. Thanks for having me. Sure. What's up? So my question is, me and my girlfriend are looking to get married in the next few years here. And we don't really have a ton of money or assets to do that with. Neither of us has any debt, but we're wondering what we can do with like a wedding coming up, maybe a house or rental or whatever we do,

what kind of money we should have saved before we try to go ahead with getting married. How old are you? 20. And what do you do for a living? Currently, I'm a manager at a fast food joint um i've been applying a lot to get something in my field um what is your field i have bioengineering and you have a four-year degree uh not yet i'm working on the last year of it okay all right all right. Cool. And it would certainly pay more than managing a fast food operation, right? Yeah, it should.

Yeah. What do you make now? $15 an hour. Okay. What does she make? Hers is a little spottier. She's in school right now for nursing, and she's doing clinicals, and we'll be doing furthermore like paid um whatever it's called when will she graduate she'll graduate um in 2023 okay all right and you live with your parents she lives with hers or what

yep okay when are you thinking of getting married? Honestly, as soon as possible, but we didn't want to be reckless about it either. Okay. Well, I think if you're going to do it as soon as possible, you have a very minor low-budget wedding, which there's no shame in, by the way. Lots of people have low-budget weddings and have wonderful lives. There's no correlation between the expense of the wedding and the success of the marriage. No statistical evidence of that, okay, nor the size of the ring in the marriage.

So, I mean, you guys can lay that out and say, okay, we're going to budget for this, and then we're going to get a little apartment, and we're going to put some used furniture in it, and we're going to be able to pay our bills with the work that we have, and we're going to have to work extra jobs and, you know, do things to make ends meet. But you're not buying a house right now. You're going to get her through nursing school. And we're going to get you in your career long term. But, I mean, if you can work 60 hours at $15 and she can work some hours and keep going while she's going through nursing school you can probably pay for a little apartment and you know just get started with your lives and have a low budget

wedding again some family and friends and pick some flowers out of the field right um put cook some hamburgers on the grill it does not you know being married does not require a big fancy you don't spend a hundred thousand dollars to get married it's not necessary if big fancy, you don't have to spend $100,000 to get married. It's not necessary. If you want to, you can, but not otherwise. So it just depends on, again, the way you do this is you just back in. You say, okay, it's Christmas. We want to get married in September. And between now and then, we've got to save up the money to pay our deposits on an apartment,

get utilities turned on, we have to work our budgets out, make sure we can do that, and we've got to save up some money to have whatever level of wedding we're going to have. And you start laying it out, and you go, okay, we can save $200 a month, and that's nine months, so we can have a couple thousand dollars to spend on a little wedding. And you lay it out that way, figure out what you can do and back into the goals. And then you can decide, you know, what your timeline is that's reasonable. So, hey, good question, man. Hope it works out for you.

This is The Ramsey Show. so Our scripture of the day, Proverbs 22, 29. Do you see someone skilled in his work? They will serve before kings. They will not serve before officials of low rank. Andy Warhol said, Making money is art and working is art and good business is the best art.

I like it. Andy Warhol. Who knew? Wouldn't have thunk it. Very cool. Open phones here at 888-825-5225. Dave is with us in Orlando, Florida. Hi, Dave.

How are you? Well, I think better than I deserve. Good. Good. How can I help? Well, Dave, are you in a good mood today? I'm working on it. Merry Christmas.

What's up? Merry Christmas. Well, I'm about to ruin it for you. I'm going to get on one of your favorite topics. My father-in-law died about seven years ago, and I've been doing the debt snowball and everything. I'm getting there. I'm getting close to the debt-free zone.

And lo and behold, we got a Christmas card in the mail this past week of a lawsuit from a timeshare company. They want my wife and her heirs to pay $6,000 in back dues, fees, and assessments for a timeshare that used to belong to my deceased father-in-law that nobody in this family has used, cares anything about, or wants ever since he passed away. What do we do about that? Was there an estate with assets? There is an estate with assets, and the assets are held in trust. There was a living trust that was done, and my wife is the trustee along with my father.

But they sued you personally. They sued them personally, yes. All three of his siblings have all three been sued personally. Did they receive assets from something other than the trust where is there were their assets outside the trust no nothing has come to them outside of the trust what's the size of the estate the estate holds nothing in it any longer but the home what was the how much was in the trust originally uh and the trust originally was a home and a rental property.

The rental property was sold for about $160,000 last year and used to pay off a second mortgage. It was on the main home, and then there was $10, and that's what was in the estate completely. Okay. Here's why I'm asking, all right? When you die, what you own stands good for what you owe okay and so let's just pretend there was no trust involved and they had benefited from this and had not paid off the timeshare

and not paid the timeshare fees then uh technically under contract law you'd probably lose the lawsuit in this case the estate uh is in a trust, so it is all probably protected from them. You're certainly not personally liable unless you personally received assets from the estate, which you did not. You received assets from the trust. Right. So I'm not an attorney, but when you talk to one, that's what they're going to tell you. So how does the fee simple thing work? How can timeshares just say you own this fee simple in perpetuity forever? No, you don't. Your wife didn't, but her father did.

Right. Okay, and her father had a contract with them, and that contract has to be paid off during the estate being closed out. However, this estate had no assets in it except a trust, all of which is protected from other debtors. So let's say that there was a credit card debt. Right. Okay. Normally, if you sold the house off and it was not in a trust, you'd have to do that.

But the trust is not liable for that credit card debt. Right. Because it's not the same entity as her as her father so anyway technical details but you need to talk to an attorney obviously which company is this uh i don't know what company it is it's a a timeshare here in florida up in uh central florida yeah the lawsuit didn't have a company name on it uh it has an attorney that's representing this particular timeshare yeah usually they're not like an rci or something like that it's an individual uh timeshare unit okay all right yeah yeah i would i would get an attorney and i would beat the snot out of these scumburgers yeah i thought that you'd enjoy because they're some of

the most upstanding and honest people in the world or timeshare uh yeah they're just absolute crooks i mean the debt the business is just a horrible horrible business and you should people you should just stay away from but here's the thing your wife here's what you need to separate in your mind your wife is not personally liable for the you know any of her's debts, including a debt to a timeshare company. What is liable is the estate. And the only question is whether or not. So if your wife took and her sisters took $20,000 or $30,000 out of a CD that was in his name and not in a trust.

Sure. And didn't pay his bills. Yeah. The credit card company that you didn't pay could come after them. I understand that. And that's the premise they're using to come after you. What they're not apparently informed of is the fact that the estate didn't have any assets. Yeah, they're suing for foreclosure.

Yeah. Oh, we would love for them to foreclose. Yeah, well, they're trying to foreclose on my wife and her and my brother-in-law. Yeah, but they can't foreclose on them because they don't own it. Right. That's what they're trying to do, trying to foreclose on them in this suit. Yeah, they don't own it. You can't foreclose on me if I don't own it.

You could sue me for foreclosure on that timeshare. I don't own it. Right, and that was what my question to you was. How can they sue them? I'm afraid, well, I mean, you can sue anybody for anything. You can just make up crap and file lawsuits. It's happened to me. I mean, you can just make up stuff and just lie, you know.

And basically, that's what the timeshare company is doing here. They're just trying to collect on something because they smell that this estate's got some money in it, and they didn't get paid. Right. And that's what that's what they're coming after um and so you know it just depends on how much money you want to spend on principal on this but uh you're probably going to drop 10 grand uh to uh to go punch them in the nose and that's what it's going to take and if you need some help with this uh there's an attorney

that comes on here periodically that hates the timeshare business as much as i do and he he beats them up all the time for a living his name is scott montgomery in springfield missouri okay write that down and call scott and tell him what's going on he can he can probably make an example out of these boys he's pretty tough and he knows his stuff he's sharp he comes on the air here with me uh to comment on the scumburgers in the timeshare business all the time. Scott Montgomery, Springfield, Missouri. There's timeshare attorneys all over America that fight the timeshare companies. Sure. But he's one that I just know of right off the top of my head that you could get a hold of.

And you're going to have to have somebody defend you or countersue as your defense mechanism. And the other thing you could do is you could file all kinds of complaints there in florida right with the state government the different uh the commerce department and other things for a faulty false lawsuit and um yeah i would light them up personally but it just depends on how much hassle and what you want to go through. You may be able to write them a check for $5,000 and they go away. But, you know, I don't know. That probably is the more expedient thing to do, but you're dealing with scum. And it just gets your blood boiling and makes you want to spend $25,000

and make sure they get nothing. Yeah, I mean, I've spent millions of dollars on these things to make sure that people get nothing and I'll continue to do it just cause I'm that guy and I need a hobby, you know, but, um, but some people don't want to fool with all that stuff and it is a pain in the butt. I'll tell you that. So, but you do, you do want to, you have to stand up sometimes and just say, that's it.

I'm done. I'm not taking this anymore. I'm not going to lie, be lied about, cheated be lied about, cheated, stolen from, and call it. So you decide which hill you want to fight on because you're going to fight on one someday. Hey, good question, man. We appreciate you joining us. Open phones this hour. This is the Ramsey Show.

And this is one more instance of how scummy the timeshare business is. Don't go in the tiger cage. don't go in the tiger cage don't go in the tiger cage don't go in there for the free dinner the free passes to wally world the free night stay at the resort and then get pressured by some half butt guy who couldn't get a job cleaning out septic tanks, which is actually honorable business. And all of a sudden you own yourself a timeshare. Oh, and then you die with some money in your estate, in trust, and your kids get sued by your timeshare company. What a blessed group of people they are.

Unbelievable. Stay away from this industry, folks. It's nasty bad. That puts us out 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. Have a friend or family member that needs a daily dose of Ramsey advice in their life?

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