The Ramsey Show - App - We Can’t Afford To Fix Our Car (Hour 2)

Episode Date: November 1, 2023

Девочка-пай Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. George Camel Ramsey Personality is my co-host today. He's also the co-host of Smart Money Happy Hour and the host of the vastly popular YouTube channel, the George Camel with a K-A-M-E-L channel. And it's full of snark and fun and humor and basic uh really good knowledge that helps you attack everything out there in the money space that where people are telling you lies to get

your money we're announcing today georgia's brand new book breaking free from broke the ultimate guide to more money and less stress it. It is on presale starting today. The book will actually pub on January the 16th, which means that's when we'll mail it to you. In the meantime, we're going to have it here for sale, and that includes a whole bunch of goodies. Whenever you buy the book, now or later, you'll find a QR code or six internal that'll help you sign up for a free three-month

run on every dollar premium that does the bank connectivity and does the whole deal. That's a nice value in and of itself, and that makes the book worth purchasing. If you pre-purchase it, of course that's included. You're also going to get instant access to george's newest talk show me the money exclusive access this fall before christmas to an online private event including a q a with george uh we're talking about uh an online financial event helping you with your money uh includes the audio book and the ebook which will come out in january simultaneous with the book ge George, congratulations.

Thank you. I'm pumped on this. I've been working on it for a year now, and so it's weird to now be able to talk about it publicly. But this is 10 years of working here at Ramsey trying to help people avoid some of the myths, traps out there. And the gap between financial stress and financial peace is littered with those, as you know. So I'm trying to clear the noise, make it simple, make it it fun this is everything you wish you learned about money but never did and uh i'm the team has done such a great job with it and well you've done i mean the research is airtight and the humor and the snark uh destroying some of this tiktok stuff that's going on out there

the cryptocurrency garbage the whole life garbage that's come back, the nothing down real estate stuff that's come back, the idea that you're going to get rich with credit card airline miles and all this stuff. You go through line by line by line by line by line and help people break free from being broke, and you address every one of the lies that are out there in this toxic money culture oh yeah every objection every myth and i try to do the one-two punch with a lot of research and a lot of humor and of course some empathy to go i understand it feels like it's harder than ever to get ahead with money but you can break free from broke in 2023 and 2024 yeah so for you millennials and gen z's the cool kids are now here and they'll be here to help you i've never been the cool kid but according now you're officially the cool dave has knighted me the

cool well i mean the the thing is you're being measured against me which being the cool kid bar is a very low bar so um i appreciate that showing up beside me you just need to be a kid i gotta hang out with dave moore really helps my brand mark is in toledo hey mark welcome to the ramsey show hey dave thanks for having me sure what's up so me and my fiancee were in a bit of a situation she took her car to get her oil changed at one of those uh instant oil change places and they didn't put enough oil in the car so she left and she drove it and then started having some problems. Took it back there and they topped it off with oil. She drove it a little bit more and the engine blew up.

So we took it. We had it towed to a shop. The shop said it was due to lack of oil. They said contact your insurance, contact Valvoline, see and file a claim. Our insurance company denied the claim because they said it was because of maintenance, lack of maintenance. Lack of Valvoline is what it was, yeah. And Valvoline is saying they did everything right and they put enough oil

in the car. So now we have a car that we have $12,000 on and it's sitting at a shop and it needs a $10,000 engine. And both of our insurances are saying it's not our fault. Well, it's not your insurance. You don't have insurance for blown engines. There's no such thing. So, um, it, but it is Valvoline's problem.

I mean, you have a legal problem. Yes. Yeah. Have you contacted an attorney? Yeah, I have. yes yeah have you contacted an attorney yeah i have yeah my friend's an attorney and he's in the car industry as an attorney and he's saying if you can't really prove it you might be kind of out of luck so i have i've reached okay you you need a different lawyer than your friend okay because um there's two issues involved with the strategy here issue number one is being able to prove it but uh we have a consumer here that says vaveline

didn't put vaveline oil in the car and it blew up it's pretty simple equation There's nothing wrong with a car prior to that day. mechanic has given, the expert has said the car blew up because it didn't have enough oil right after you went to the oil place. Okay, this is not that difficult an equation, right? That's what I thought.

Okay, from a legal perspective, it's not. Okay, so now a vaveline has to decide if they want to spend twenty five thousand dollars in legal fees because you're going after their throat or if they want to just fix the car which is what they should do and the way they decide that is you sue their butt and then they look down and go oh this guy's serious so what you need to do is call the uh the store manager i assume you've already had a discussion or six with him yes okay and say i need your legal department for my attorney to get in touch with because i'm getting ready to sue you personally i'm gonna sue

the guy who didn't put the plug in personally i'm gonna sue the store and the franchisee personally and i've already trashed vaveline in front of 22 million people on the ramsey show and this is going to get worse for you guys okay because i mean what you're describing you're not calling up like some drama queen and you're not you're not acting all crazy you're just describing a you know a ten dollar an hour guy didn't put the stinking oil plug back in hello well well and it's they're saying their guns were calibrated and they have it on video that the oil got put in there but then where'd it go it magically did you use the disappearing oil i didn't know you had that when i took it back

the guy put more oil in the car yeah how's that possible if it was the proper amount it would have been spilling out through the manifold and blowing out through the muffler when you overfill a car with oil it didn't blow up from too much oil. What type of attorney should I look for? Mean. Or how do I go about finding? Mean and angry. Okay.

Yeah, I'm serious. Because here's what's going to happen. What I'm describing to you is you are going to become a larger hassle to them than they want to deal with, and so they're going to fix the car the squeaky wheel gets the grease or the oil in this case i don't think we need any more oil i think we've had quite enough of oil in this case but yeah yeah you need to get someone that's going to get all up in their stuff and say listen we're going to sue you and we're going to make a spectacle of you and these corporations cave like yesterday's minute.

Oh, my God. And it's just that they're going to write a check. That's what needs to happen. You need to get your dad to give him money out of it. Because what you're describing is a very clear case. George Campbell Ramsey personality is my co-host today. Open phones at 888-825-5225. Jacob is in Fort Worth, Texas.

Hi, Jacob. How are you? Hello, Dave. Thanks for taking my call. I'm doing very well. Good. How can we help today? So my question for you is, if going back to school to pursue my bachelor's is a smart use of my time

do you have any degrees currently i do so long story short um i'm in performing arts full-time and my associate is in recording student engineering, which I got off of tuition waiver, academic merit scholarship, and COVID grants during the pandemic. And so I was able to graduate without a diamond student set. Great. and pursue my bachelor's in music business with some pretty generous discounts and some other incentives that allow me to go through the entire duration part-time and my entire financial obligations will probably come out to about maybe $3,000 total.

What are you changing horses for? Well, I guess what it is is that I work full-time, but I also have four part-time jobs on top of that. You work full-time as what? What do you do? I'm a production manager and an audio engineer and recording engineer for a performing arts organization. And I also have four other part-time jobs in related fields.

For fun, or are you trying to earn some extra income? So the part-time jobs are for extra income, but there's also a lot of personal fulfillment to it. Okay. Remind me again what you just said your current degree was in? My current degree is in recording studio engineering. Oh, okay. Okay. So are you wanting to do something totally different?

No, just music business. He's wanting to get in the music side instead of the business side. Right? So, yes. So the big thing is being able to extend and advance my career, essentially, and to broaden my knowledge on the music business part of it. And I also come from a background of doing commercial real estate management. And after getting laid off, it was my wife that actually told me to go back to college

to study something that I know that I like. And so I chose recording student engineering, and I've been busy nonstop ever since. And yes, I've put in a lot of long hours, but I've never been any less stressed, and it's never been a stressful job doing what I do. I'm just worried this isn't going to give you what you want, that you get on the other side of this and you have a degree and you are able to pay for it, but it's not anywhere closer to what you want to do. I'm just worried this isn't going to give you what you want. You get on the other side of this and you have a degree and you were able to pay for it,

but it's not anywhere closer to what you want to do. Because we got a lot of music business degrees that work here at Ramsey Solutions, and we don't have a music department. So I tell you that to say it's not going to just magically give you this perfect dream job in music business just because you have the degree. What will is relationships and networking and those kinds of opportunities. Yeah. If you can do, if you have done commercial real estate deals in the past and you can

do audio engineering, you don't need a music business degree to do business in music. It's not, it's not, it's not permission to play. They're not going to teach you anything in that degree that's going to be earth shatteringly different. The business principles that you are already aware of function in the music business as well. And the business of music, so to speak. So, you know, if you're coming out of school as a kid and you're 22 and you want to go into the music, the business side of the music business, then a music business degree might be. But a business degree also would just do it. You don't have to know anything about music.

You just got to be able to do business. And I mean, so and the thing is, you don't get joy from that anyway. What you get joy from is actually producing, right? Yeah. And you don't need a music business degree to grow your production career. So, no, I wouldn't do it. Okay, that's fair. I wouldn't do it.

Because I don't think what you do need is you do need and what you're willing to engage in is to increase your knowledge base. But a degree is not necessary. If you want to go audit some classes on accounting and marketing and you want to take a few business, if there's a local curriculum that has a music business actual subject matter and you want to take a couple of those classes, that's fine. But that's far different than engaging in a full degree program and not necessarily and that's how it's necessary you in other words put some tools in your belt that you don't have in your belt now that enable you to take those next steps but the sheepskin the actual degree itself is not is not the door oh it's not the door opener the knowledge is the door opener. The knowledge is the door opener.

See the difference? That actually does make sense. Yeah, like five classes instead of 30 is the difference. And even in those classes, you're not going to learn everything you need. Some of it, you're just going to get your foot in the door, and you're going to learn and be mentored by whoever's leading you in that particular area. But I don't sense that you're wanting to run a record label. No.

And, you know, a big part of it is to advance my knowledge in the music as part of it. And the organization that I also work for is also offering that if I do my pursuits, then they'll also underwrite any additional expenses that may be incurred with it. Yeah, but just because it's free doesn't mean you need to invest your time to do it. All right. I think you need to have a clear goal for what the career and job is, not for what the degree is. And then search out some knowledge that's necessary for that.

I mean, we happen to be in nashville as george said i grew up in nashville um i've got several very close friends that own and run record labels and have built and have sold them and i you know that business i'm afraid i know more about it than i want to know and uh and i just i don't run into people running around there they go you know i wouldn't let somebody come to work at my record label in the leadership team because they didn't have music business degree zero times have i heard something like zero it's more like can they get the crap done you know it's like any other small business arrangement and so can you actually be effective

and if you need some more knowledge to be effective, get the knowledge, but do not take the time out of your life to go collect more degrees. That's not going to make your life better. I wouldn't do it. Thanks for the call. Open phones at 888-825-5225. Joseph's in Grand Rapids. Hi, Joseph. How are you?

Hey, guys. Thanks so much for taking my call. Sure. What's up so um we uh are about 11 weeks pregnant with our second child yeah um george didn't get any sleep last night either exhausted uh we've only been doing the baby steps a couple months i know that you're supposed to stop baby step two and um you start saving up but i supposed to stop baby step two and start saving up, but I was just wondering when should I start saving

and how much is a specific goal and when to restart the baby steps? All you can in the next eight months or seven months in your case. Okay. Right? Because here's the thing. How much could you save

if you went crazy like 10 000 bucks uh 20 000 bucks yeah meet you in the middle at 15 okay hopefully all right so if you stack up 15 000 instead of paying down debt by 15 000 seven months from today mommy and baby come home from the hospital you write 15 000 worth of checks and pay off the 15 000 worth of debt that you would have paid off during this seven months from today, mommy and baby come home from the hospital, you write $15,000 worth of checks and pay off the $15,000 worth of debt that you would have paid off during this seven months otherwise. Are you following me? Yeah. What did you lose? The interest on that debt during that time.

Right. That's all. And what did you gain? Huge pile of money and peace of mind while baby's on the way. Sure. That's why we say to do it that that's our reasoning it's that simple enough so yeah all right so yeah so it's not like a specific goal it's just peace of mind and just adjusting case because i'm gonna turn around drain every dime of it but a thousand as soon as mom and baby come home from the hospital healthy and at the minimum you want the out-of-pocket max for your insurance,

because you're definitely going to be paying that out over the next eight months. Congratulations, sir. Happy for you. This is The Ramsey Show. George Campbell Ramsey Personality is my co-host today. Thank you for joining us, America. If you didn't know, money problems are the number one thing that caused divorce in America today. Money problems are the number one stress point of the team that you work with at your workplace.

And if your personal money problems are a stress point, meaning MasterCard is bothering you, you're worried about your car being repoed, you had a big fight with your spouse about money, that means when you're at work, you're thinking about that stuff instead of work, which is a productivity issue. Hello? So lots of great companies around America have decided to address that. We coined the phrase a decade and a half ago called financial wellness, and now financial wellness is quite the craze in the HR world to help their team get financial wellness. We have a product called SmartDollar, where companies buy our curriculum to teach their teams how to handle money. They furnish it to them as an HR benefit. And lots of great companies across America have done that. Many, many big ones and many, many, many, many, many small ones.

And so we're thankful for that. Because what happens is when the team goes through this, they're less stressed about money and their productivity goes up. They're concentrating on work at work. One of the great companies that does that is u-haul u-haul if you didn't know is a massively large company wonderful company we've done a lot of business with them for a lot of years and uh so today we're kind of having a u-haul day around ramsey because we've got a lot of the u-haul team members coming in to do their debt-free scream because they've been teaching smart dollar for many, many months now and years, for that matter. So over $6.7 million in debt paid and dollars saved within that one company

due to the company furnishing this as a benefit to their team financial wellness with smart dollar on the debt-free stage are gary and theresa uh good old u-haul team members hey guys how are you doing great dave how are you better than i deserve now where do y'all live phoenix arizona so you would be in the home office yes sir okay very cool very cool and uh which one of you is working for you hall that would be me that'll be you gary how long have you been there? Going on 15 years. Wow. Long time team member. Excellent job.

Okay. How much debt have you paid off? $37,500. And that was a car and a credit card. Very good. How long did that take? About 28 months. Good for you.

Okay. What do you do at U-Haul? I'm a business analyst with our u-box which is uh shipping containers that are dropped at your house you load them up at your leisure we pick them up and then we'll deliver them from point a to point b we'll store them whatever you want ah gotcha good ad well done i'm sold george george is ordering one right now and he's not even moving i don't even need it sounds It sounds great. Okay. That's awesome. So, it's cool.

How long have you guys been married? This is our second marriage. We're a blended family. We're going on 19 years. Wow. And one of the things that we, when we first got married, we wanted to keep open our finances together and we got introduced to Financial Peace University and then when Smart Dollar came to U-Haul I just became a champion and a cheerleader for it.

Ah very cool so Teresa when this showed up at his work you already knew about all of it. Right I knew about it and I knew what we had done in the past with Financial Peace University as well so that was another. So that's why it was only $38,000. You'd fallen off the wagon a little and just had a little cleanup to do. Exactly. On the advice of counsel, I'd like to plead the fifth. She counseled you not to put your foot in your mouth.

Exactly. Exactly. And that's what it is. And, you know, we just got back on it and every company needs to have smart dollar uh it just is phenomenal the people at u-haul that have embraced it you know now i have somebody came to me the other day and they said i can breathe now it's just absolutely wonderful and theresa you know when I was talking with her she just said uh it's so exciting and the way it's set up it's so easy to follow yeah so Teresa did

you go back through the smart dollar thing after when he started doing it at work um a little bit okay all right cool so y'all worked on it together again but it just brought it just brought it back to for you guys it was a review yes right more than an introduction okay right yeah very good and also different partners with it you know trying to go through it before when i was by myself after my first marriage oh you weren't married when you did before um i was married the first i mean you two weren't married when we were not together okay okay so that yeah that makes a lot of sense then yeah That's a whole new set of eyes to look at it now. Yeah, absolutely. Yeah. Very cool. That's amazing. I'm curious, you know, a lot of people say, well, hey, that's, that's personal stuff. Leave that at home. You got to be at work. But what you're saying is you can't really, because when you get

to work and you're stressed because your car broke down and you don't have the repairs to make it, all you're complaining about in the break room is this car and this money problem. And so to show up at work and not have that, and everyone's on championing each other, that's an amazing feeling. Oh, absolutely. And to piggyback on that, now when we have to replace tires or something goes out, it's not an emergency, it's an inconvenience. Right. That's huge. And that makes a big difference. That's how it's supposed to work. What do you tell people the key to getting out of debt is? Budgeting.

Spend less than what you make. Budget. Persevere. Persevere. Push on through. Push on through. They're all connected. Absolutely.

Well done, you two. I'm proud of you. Great work. Very, very cool. So you've seen a difference in some of your coworkers as well then? Oh, absolutely. Absolutely. Every company should get this smart dollar. It just, it makes the difference because people see, I can do this. I can live it. And then at the end of the day, like George said, I'm not thinking about how am i going to pay my minimum payment and i'm going to have to get a cash advance and what am i going to do and then how am i going to go home and face my wife you know i think u-haul has gary in the wrong seat as a business analyst

he's quite a pitch man i'm impressed he's selling u-haul and he's selling smart he's selling me the u-box i mean i'm buying everything he's selling i'm just saying this guy's he's got it lined up here way to go man thank you thank you very much we appreciate that and i appreciate the endorsement and uh all kidding aside um we're thrilled with oh yeah with being with partnering with you guys your great american company and i'm thrilled that on an individual basis that uh you guys are uh able to win and uh take this new step in your uh second marriage here and, you know, have a whole different level of peace and unity there. That's very cool.

We're proud for you. Thank you. Excellent. Can we make one shout out to the grandkids? You bet. They're the best in the world. Sorry, Dave. Our grandkids.

Our grandkids, Charlotte and Ensley. That's just, you know, we would have been much nicer to their parents to borrow your line. Yeah, if I'd have known how great grandkids are going to be, I'd have been nicer to their parents. Oh, absolutely. Yeah, we're getting ready to keep the smallest one over the weekend. So we're embracing ourselves and so is he. Prayers for you. Prayers.

Lots of prayers. It's going to be a battle a battle hey it's a battle i will win so way to go gary and theresa and you haul gang excellent excellent job 38 000 paid off in 28 months it was a review it was a real uh process to restart and uh to reinvigorate some things in their lives. Way to go, guys. Count it down. Let's hear a debt-free scream. Three, two, one.

We're debt-free! Yeah! That's how it's done. Well played, well played, well played. The Smart Dollar team is beaming with pride because they get to see the impact they're making every day when they get to meet these people. Absolutely. It's awesome. And U-Haul's got like 40,000 team members.

It's a huge company. It hurts my brain. Costco had all of their team go through it as well. So we've had a lot of big companies like those guys, national, you know, American brands that everyone knows. And then we've had a lot of companies that you never heard of that are small. Mom and pop businesses. 100 team members or 50 team members or 300 team members or 1,000 team members. They're not all 40,000, you know.

And so that's, it's something we don't get to talk about here on the air a lot. So I'm glad we're bragging on them today. Oh, yeah. And nag your HR team and tell them, hey, I want Smart Dollar. Make it happen. You can go check them out at ramseysolutions.com slash smart dollar. Or bypass the HR people and just go to the leaders. Oh, that's a move right there. Boom. Power move. Dave said I could. Power move. This is The Ramsey Show. George Campbell Ramsey Personality is my co-host today. Lisa is in Fredericksburg, Virginia.

Hi, Lisa. How are you? Hi, Dave. It's a pleasure to speak with you. You too. How can we help? So I have a pretty complex question, and I've heard your last segment previously about shacking up and sharing

finances and things like that. You're not married. So please don't chew me out as a further disclaimer. I co-signed for my boyfriend for a car. He owes about $32,000 or I should say we owe about $32,000 and he's been behind on the payment. I've been denied for two personal loans for the difference of the vehicle due to my debt to income ratio. So I'm really trying to figure out how to get from under this car

completely. And is this your ex-boyfriend? No, current. Oh, okay. Well, it sounds like he can't afford the car. Yeah. It sounds like he couldn't afford it when you guys got the loan, considering he needed a cosigner. And he hadn't paid the payments.

Yeah. What's the car worth? So why is he not selling the car? He can't afford it, and he's doing damage to his girlfriend. There's two reasons to get rid of the car. Yeah, so the private sale based on Kelly Blue Book was $19,000. Trade-in value is $17,000. Like I said, we owe $32,000.

So that balance, that difference there, don't have the money saved up for that difference, or I'm not able to get a personal loan, um, to even cover that. Um, I went to two credit unions, my personal credit union, and then the credit union that the car is financed through, but they set my debt to income ratio, which is too high in order to approve the loan. Now, the credit union that your car is going through is confused. You and boyfriend need to go sit down with that credit union and talk to the manager. And here's how it sounds, okay? Mr. Manager, you have a $19,000 car loan and a $13,000 personal loan because you have a $32,000 car loan that only has

$19,000 worth of collateral. So you're unsecured right now for $13,000. If you have to take the car back and repo it, you're going to be unsecured for even more than that. This is you telling the manager this. You following me? Yes. And so our asking you to allow us to sign a note for the difference,

the amount that the car won't bring, gets the strain off of your bad loan, off of him, my boyfriend, and all you're doing is admitting that this loan is only partially collateralized. He already doesn't have a collateralized loan because the car is upside down 13K. You follow me? Yes. Just explain that to him. Sometimes you have to say that out loud because sometimes a credit

union manager hasn't thought this through and if they thought it through then they would go oh i have a much higher likelihood of getting my thirteen thousand dollar amount that were upside down if i let this guy out of the 19 by selling the car because the 13 is not collateralized anyway. Then we've reduced your problem to a $13,000 problem. And then you and said boyfriend take six jobs and pay off the $13,000 before you pay off anything else. And never sign a loan again with someone you're not married to. See, I didn't yell, did I?

I did good. That's very kind, calm Dave. Thank you. Thank you. It was almost story time. It was so relaxing. Does that make sense to you, Lisa? I mean, that's the only way I know to get you out,

other than you guys both go work 60, 80 hours a week and come up with 13K. Yeah, okay. I'll try that. He can't keep the car. And you guys have not had this discussion, and he's being a little boy and hasn't admitted it yet. He's doing harm to the person he claims to love. You. Yeah. Because he can't pay the bill we know that because he hasn't been paying the bill and it's messed up your credit am i missing something no no what does

he make a year um he makes about $55,000. So the car was a bad purchase anyway. Buying a $32,000 car when you make $55,000 is out of line, even if you pay cash for it. Did you guys put anything down on this, or was this nothing down with a cosigner? Rolled negative equity from the deal before into it, didn't you? Yes, that's right. That's why you're in 13 upside down already. That explains it it there's no way you'd be that far in the hole otherwise

unless it was the world's worst car but yeah um what kind of car is it it's a 2021 honda elantra okay nice car yeah okay so where's his head on this, Lisa? What's he going to say? So we've actually both been trying to get rid of it. He's on board with getting rid of it. Oh, good. Okay. Yeah, he's not able to do much. He's relying on me because I have the better credit. Yeah, you used to before he came along. Yeah. Well, it hasn't been reported yet, but he's been behind, and I'm just afraid that it is going to start being reported, and then it's going to take both of our credit scores.

Yeah. Well, it's going to, for sure. And in the meantime, what you've got is a high debt-to-income ratio, which is keeping you from getting the other loans, right? Yes. That's not the damage. It's not damage credit. It's you've got other other debt so what do you make

um 60 okay so you got 105 000 income between the two of you i think we need to cut down to beans and rice rice and beans and take two more extra jobs and sell everything in sight and get these messes cleaned up if i were in you guys shoes that's what i would do but this is just this horrible experience for you and for him for that matter has been y'all's wake-up call we just made a mistake and uh lisa if if you were the only person who ever made a mistake about a car or co-signing for a car in america we george and i wouldn't have a job thank you for job security it's like the largest mistake people make in george well i hope listeners are going oh that's why i shouldn't co-sign because a lot of people think i'm doing

them a favor i love this person and then they get themselves in a pickle and it damages the relationship yeah and their own financial world you know the worst one is something that's in this case lisa's boyfriend is being fairly mature and is already saying hey yeah we gotta i'm gonna help we gotta get rid of this car how do we do this he's depending on her to get the money but um but he was before but he's at least he's not saying no i don't want to sell my car thank god i was afraid he was gonna be that guy whiny toddler but yeah but the uh the worst one was like the grandpa co-signs for the the 21 year old grandson's pickup truck oh gosh and now they can't find junior he just took off disappeared and doesn't pay the bill and grandpa's now on the hook for the whole puppy because they can't even find

the truck to repo it and grandpa was probably broke to begin with and broken hearted because it's his grandson you know this is the stuff we deal with every day around here and the holidays get real awkward yeah well and then awkward for him because the kid's gone. We can't find him. But, you know, it's just that, you know. But the problem is he'll never come back to his grandpa because of shame. Even if the grandpa forgives him, it doesn't matter at that point. It's a prodigal. It's a, you know, he has to wake up in the pigsty to come home now.

But the shame to come back. And so he's lost his relationship with his grandfather. That's sad. That's priceless. That's what happens a lot with these things and so proverb 17 18 says one lacking in sense signs alone for another the new contemporary english version says it is stupid to co-sign i like that version it's pretty plain i've cosigned before, by the way. Lisa has co-signed before. I got to pay it. One guy co-signed for me when I went into bankruptcy.

He got to pay it. And I had to go back and pay him back later. But his wife's still pissed. And the assumption is that, well, I'll never pay. They'll be good. They'll be able to make the payments. I just helped him get the loan. But of course that's wrong, or they wouldn't have required a co-signer.

You know, they require a co- cosigner because we couldn't pay. The lender says, you're going to take the risk, not us. Exactly. That's it. I was not credit worthy at the time the guy cosigned for me. And guess what? We proved it. You know, I mean, it's just awful.

It's a horrible thing. But it's one of those codependent things where we feel like we're doing something nice and you're doing a nice thing in a wrong way that becomes hurtful rather than a blessing. That puts us out of the Ramsey Show in the books.