The Ramsey Show - App - We Recently Relocated but I Can't Find a Job (Hour 2)

Episode Date: June 1, 2021

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🎵 Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where dad is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Ken Coleman, Ramsey personality, is my co-host today. Thank you for joining us. Open phones at 888-825-5225.

That's 888-825-5225. Andrew's in Washington, D.C. Hey, Andrew. How are you? Good, Dave. How are you? Better than I deserve. What's up?

So we've been working the plan for three years. We paid off just under $ hundred thousand dollars in debt and then the next two years spent uh saving up and obviously doing the emergency fund and we did the 3b we saved almost 200 000 we put down money on the house then we have our emergency fund in place great so we're looking to kind of do the four, five and six. Perfect. Um, now the 15% got that. That's great. We'll start investing in retirement. And now the question I have is the five 29, should I do that or a separate brokerage account? That's not a traditional five 29 specifically with our income. And then we don't know if our kids are or are not going to go to college okay well uh what is your household income so right now it's a little over

200 but kind of projected to go up okay well to start with no one knows that their kids are going to go to college but we're for sure know that if they don't have the money it's going to be harder so a 529 grows tax-free i love keeping the government's hands off the growth it can be transferred to a sibling it can be transferred to a parent i know the family member it can be transferred if they don't use it. If they got scholarships, you can pull from a 529 the equivalent amount of the scholarship with no taxes. Tax-free growth. And so, yeah, I'm doing a 529. I'm not going to overfund it if you have concerns.

I'm not going to put $200,000 in there. But I'm definitely going to put $40,000 or $50,000, $60,000 in there, depending on the age of the kid, and maybe even more, and let it grow. A brokerage account infers that you're buying and selling stocks, and you don't need to be doing that, especially for your kid's college. So I don't want that much risk. I just use good growth stock mutual funds and a tax-free growth in a 529 and that and you choose the mutual funds and you choose to move them around that's the type of 529 you want we're very specific about that in our in financial peace university and in the total money makeover

but yeah just you know you don't have to overdo it but uh don't underdo it either and overthink it about whether your kid's going to college or not. Interesting. So when we start the show 30 years ago, the assumption was everybody wanted their kid to go to college. And now they don't. Yeah, and increasingly becoming the case. But also point out here that these 529 plans, that money can be used for nontraditional college education as well. So trade schools, anything from tech schools, I mean, you can use that.

And so you're seeing more and more opportunities for people to get qualified to do the work they want to do. So it's not like you're being unwise by investing in that. You can use it for their private school when they're 1K through 12. You can. That's exactly right. So it's still the best option. Yeah. Keeping the government's hands off the taxes and not screwing around with the money with single stock trades,

acting like you and your buddy eating a biscuit at Cracker Barrel have a clue what's going on. Don't do it. Don't do it, man. Just get in there and have some mutual funds. Those guys running the mutual fund are coming to work in a car longer than your house. They know what's going on. So it's not perfect, but that's where all of my kids' college money was, so I'm not being hypocritical.

And so, yeah, I'm doing a 529. You can use private school while they're K-12. You can do any kind of post-secondary education. There's all kinds of stuff you can use it for legally, and it keeps the government's hands off of it. And so, you know, if you put $20,000 in there and it grows to $80,000 or $100,000, that's $80,000 with no taxes on it. I like that.

I like that a lot better than screwing around with it in a brokerage account. That's right, and a lot of options, tons of options. Gustavo is with us in Tucson. I mispronounced that. How do you pronounce your name? Gustavo, sir. I did say it. You nailed it.

Well, I did. Hillbilly Spanish is just a hard thing, dude. I'm just saying. So what's up, man? Well, I kind of have like a weird question. I'm on Baby Step. I'm finishing up Baby Step 3 next month, just to give you a heads up of where I'm at. And I want to get a toy. I had

one when I was in debt, but I want to make sure it's kind of weird because my vehicles aren't worth too much. And the toy that I'm looking into, which is the RZR Razor, they run about 15,000 used and that's more than my vehicles combined, but we're kind of happy with our vehicles. So that's where my question is kind of, is it weird that my toy would be more expensive than my vehicles combined. But we're kind of happy with our vehicles, so that's where my question is kind of, is it weird that my toy would be more expensive than my vehicles, even though we would be in a position to buy it cash? Yes. All right.

I mean, you know it's weird. That's why you're asking. Right. You already knew it was weird, but it's cool. They're neat. They're neat vehicles, man. You're talking about the, is it the Can-Am make that? Who makes that?

No, Razor does. Polaris. Polaris makes it. Yeah, that's right. Polaris. Yeah, I've got some friends down at Cabo that have them, and they all ride up the beach at Cabo. Those things are very cool. They look neat, too, man.

And they will haul butt. They're fun yes so uh yeah and you're you're in tucson so you're doing like desert desert action with the thing huh right yeah i mean i can make it all the way to phoenix i'm sure yeah i bet you could yeah that's they're they're very cool it's a cool vehicle i kind of i kind of want one myself but um anyway the yeah uh your cars are uh your your daily driver transportation your family depends on those your income is dependent upon those um and so yeah the uh you know a snowmobile a seadoo a boat uh a razor should not be worth more than your cars uh it's just kind of a common sense thing it's not really a financial thing uh so right all it says is that you're probably not

quite there yet that would be my opinion and of course you've made the mistake of asking so i'll give you my opinion but the um yeah that's i i i I mean, you've got a toy in your house. I do. But it was a gift to you, wasn't it? It was. And as you know, I'm cash flowing the renovation of it. Yeah, he has a classic car. Yeah, I've got a 72 convertible Karmann Ghia.

Found an old guy in the hood that loves working on them. And so he's going to help me put the carpet kit in. And just a little bit at a time because we have kids in school and and other things and and so you just have to go at the speed of cash like you said when we built this place and so i got the exterior done still a little bit more to do and it still looks pretty sweet looks sweet but yeah you have to kind of what's the ratio on that i mean understand what he's saying he's like well i got baby step three now he needs to get the baby step four actually put that in the budget then he needs to begin to save for something like that yeah and you you know i i and i don't know that i have a rule and i'm just kind of sitting here thinking on the fly but

right really you're if you're if your boat is eighty thousand dollars and your cars are ten thousand dollars that just seems dumb right you seems right. You know? And so if your Razor's $15,000 and your car's are $5,000, that seems backward. Yeah. You know? But those Razors are very cool. They are very cool. Yeah, I think he may have talked you into buying one. I may need one.

Right. I don't know why, but I'm probably just, because it has a motor and it goes boodin' boodin'. It goes fast. It goes boodin' boodin'. There you go, man. So I've probably got a loud muffler. I can make a redneck muffler on it. Oh, sure. You can redneck anything up. Youodin'. There you go, man. So I've probably got a loud muffler. I can make a redneck muffler on it.

Oh, sure. You can redneck anything up. You know that. There you go. 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

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Text TRIAL to 33-789. Text TRIAL to 33-789. LD is with us in Indianapolis. Hi, LD. Welcome to the Ramsey Show. Hi, Dave. I've been listening to you for a long time. My wife and I are getting ready to have Ramsey Show. Hi, Dave. I've been listening to you for a long time.

My wife and I are getting ready to have our first baby. Yay! When's he coming? Anytime now. All right. Good for you. Yep, yep. Pretty excited. We've got some pretty tall goals for the future,

and so we'd like to try to grow our income as much as possible instead of trying to decide if now would be a good time for her to maybe advance her career and become a dental hygienist she's an assistant right now but it put about 10 to 12 dollars an hour on her pay a caveat to that would be we one of our goals is for her to be able to stay at home and be a bigger part of our business within the next 10, 12 years or so. And so just trying to decide if it's justifiable, I guess. Interesting. So what would she do in the business?

If she stayed home with the baby and babies, potentially, and worked in the business, what would she be doing? We'd be farming full-time. I'm a farmer. And so, you know, she's also a pretty good bookkeeper and things like that. And so my mom takes care of a lot of that right now, but, you know, in the future. Okay. My mom takes care of a lot of that right now, but in the future. Okay. So she saves you money by doing the bookkeeping that you're paying someone else to do,

or she's replacing mom? She would probably be doing a lot of what my mom does. Okay. So you have to weigh, all right, she wants to be home. Sounds like that's what both of you want. Yeah. Versus she now continues to work, and there's the cost of the schooling, the cost of getting qualified to become that dental hygienist,

and you're looking at $10 to $12 an hour. So you start weighing opportunity cost with the emotional costs. And I think that if it's Stacey and I, we're going to sit down together and the old-fashioned grandpa and grandma conversation, the pros and cons of both of those. So which way does her heart lead the most? If things were just as she wanted them, forget about the money equation and making more money and all the benefits that come with that, what does her heart want to do?

She definitely wants to be able to stay at home at some point. All right. So why are you back and forth on this? Where were you at the start of this phone call? Like I said, we've got some things we'd like to accomplish, and her income helps with getting there. What does she make? She makes about $30 right now.

Okay. So this would put her at about 40? Hygienists in our area are in that 50, 50, 50. Okay. Five range. Okay. And so what does hygienist school cost? Well, we live in the middle of nowhere, and so it's about $30,000,

but it'd be a pretty good lot of travel time involved with that too. With a new baby. Two, two and a half years. Right. Takes two and a half years. Yeah. So we have time and money here that we're piling up. Right, right.

Yeah. This is more than just working with a baby at home. This is two and a half years of training. And by the way, during that time, she's not working, right? It'd be pretty tough. It'd be pretty tough on her. Yeah. Yeah.

Yeah. So it's costing you $30,000 a year in income, and it's costing you $30,000 over two and a half years, and she's traveling and gone30,000 over two and a half years, and she's traveling and gone so that after two and a half years, she works for six years making $20,000 more. I mean, she's going to make money on this transaction, but it doesn't sound like it's worth it. Yeah, yeah, that's been our back and forth. Yeah, it sounds like by the time, I mean,

if she was going to do it for the rest of her life and make an extra $20 thousand dollars a year and loved it and it was the long term goal that my the then the equation starts to work mathematically yeah but right now you're not going to get enough of her increased income before she's willing or before she's able to come home i think you start figuring out what she could do from home to create an income while she's helping you with the farm stuff and there with the babies. I think maybe we look at shifting that. I bet you she could come up with a side gig like a Christy Wright business boutique idea.

I mean, if it's just selling stuff on eBay, I don't care what it is. Yeah, and maybe streamlining operations on the farm. Remember, we're saving money. That's more money in our pockets, certainly to a farmer. You know, the thing to point out here is, LD, is that her heart is not in it. If I heard on there that her heart, she wanted to be a dental hygienist, which she's always wanted to do, she loves it, loves it, loves it, but she also wants to be a mom for a season,

then I think this is an investment and a sacrifice that you figure out how to do. But I'm going to tell you, with that kind of schedule, the schooling, you're losing your income as it is. That's going to create all types of sacrifices and a squeeze. And when you don't have the drive, the juice for something, I'm going to tell you, it makes it really, really difficult. And it can put you behind emotionally, not just financially. Daniel's in Columbia, South Carolina. Hi, Daniel. Welcome to the Ramsey Show.

Hello, Dave. Thanks for taking my call. Sure. What's up? All right. So I'm in Baby Step 6. I'm 27, and my wife's 25. Basically, my mom reached out to me asking for help.

She had a lease, a fleece, and she wanted to pay it off. Basically, it ended up, the lease ends up this month. And she asked me to borrow from me $2,000. And basically, she asked me not to tell my wife. And obviously, we have a joint account. And also... What's your question? Yeah, what's your advice in my situation?

I don't do anything that I can't tell my wife. Anything ever. If I'm in a meeting and they say, all the discussion in this meeting has to stay in this room you can't tell your wife i get up and leave the meeting there are no things on this planet that i can't tell sharon that is against the law at ramsey world it will get your throat cut by your wife while you're asleep, dude. You can't be hiding crap from your wife. Hello?

Is that right? Yeah. Yeah, sounds right. I mean, your mom is out of control. Where's your dad? Are they divorced? Yeah. No, they are together.

They have separate accounts. And actually, my dad lent her lent her uh 10k to pay he lent his own wife money yes that's strange okay so uh mom i can't do anything that i love you but i can't do anything that i can't tell my wife and don't ever suggest that again because it's not a profitable conversation for us to have. Okay, mom, can't do that. And if you need $2,000, you need to talk to your husband, my dad. And you guys need to work on your finances and get them combined and get them straightened out.

But I think your mom is trying to hide all of this from everybody and still trying to find a way to snake her way through this. And it's time that the cards are played face up on the table. Yeah. Mom is getting ready to be exposed. And needs to be. Yeah. Needs to be. So she needs to talk to your dad.

And she and your dad have got a lot of work to do. But you don't need to get involved in this, son. You just lovingly say, no, I don't hide things from my wife. And I really think you need to need to get involved in this son you just lovingly say no i don't hide things from my wife and i really think you need to talk to dad about this he's got the money and you guys have the money and y'all need to fix this so sorry can't do it love you mom love you mom no chance Ken Coleman, Ramsey Personality, is my co-host today. On the phones in Minneapolis is going to be Kristen, who says on my screen, Kristen, you're debt-free. Congratulations. Thank you. Hi, guys.

Hey, how much have you paid off? $61,091.37. Love it. How long did this take? 48 months. Good for you. And your range of income during that time? Okay, I went back and checked, and it was $32,000 to $51,000, and now back down to about $40,000. Wow.

So what do you do for a living? I'm an accountant and recently a Ramsey master financial coach ah okay so starting to get some extra income that way yeah very good good for you so what kind of debt was the 61 000 so a lot of it was medical just kind of stuff that surgeries children being born and then just like once we would accumulate it, it would just hang around and payments, payments, payments. There was some personal loans and a big family loan that we had to do repairs on our home. Okay.

Wow. Good for you. So how much was the big family loan? That was like $22,000. That was the big one of the whole bunch then that was the big guy hiding in the closet yeah gotcha okay so what happened four years ago that put you on this journey so my marriage was coming to an end and that's when we separated our money and i had always wanted to be debt free and become anM. So that was like pedal to the metal.

Okay. So fresh start after the divorce. Yep. And you already knew about our stuff, but you were just now able to do it because of the disagreement in the household before. Yeah. It was like, you know, putting on a lot of throttle and the car is in neutral. Now I actually got some traction okay good for you all right so you're going to be an everyday millionaire that's your future i love

that so yeah and uh what do you tell people when you're coaching them now that the key to getting out of debt is because you paid off 61 000 in four years making 32 yeah for me uh there was three three things and i would say the reason which is my voice the plan obviously and then just the determination so we just saw a picture of the four boys right yep on the. On YouTube there. Good-looking family. Yeah, thanks. That's fun. You've got a lot of why there. Yes.

Wow. For sure. So I want to ask you, when you decide, as you're coming out of this divorce, and that's a painful thing, and you decide, all right, I'm going to restart, reboot, do it the way that I always wanted to do it, and you've got those boys as your why every day, looking at them.

What fired you up the most in this process? Was it the first one, the first debt that you paid off in the debt snowball? Was it just the boys? What was the real driver for you once you got into the process where you began to experience some momentum? I think I had a lot of little loans, so getting started and getting those paid off, there was a lot of immediate payoff for those. And I just knew what I wanted to give them.

I didn't want a house full of stress. And I wanted to give them a good future, not like just giving them money but showing them what to do and they they hold me accountable i got a debit card mail to me and i opened it up and they're like mom is that a credit card they're they're always watching me that's great that's so fun very cool so they know the rules. They know what you have to do. Oh, yeah. Yeah. Very, very fun. Cool.

So how long had you been familiar with our stuff before your marriage ended? Quite a while. I think my folks introduced me to your radio show back in like 2010. And then I coordinated an fpu starting in 2011 and then i did another one before my last son was born so i've done a couple of those and i was just kind of hooked because i'm a natural saver and so once kind of the shackles were off and we found a better church that i wanted to be at and I started tithing again. And I think, Dave, you had said like a month ago when you talked about God throwing open the window of heaven. He sure did in my case, because it's like once, you know, we were pushing the bike down the hill, everything just kept piling on.

I swear I have food show up in my freezer that wasn't there. I had an expedition that I think two of the pictures are like a time lapse that I got when my son was seven months old, the oldest one, and he's 12 now, and I've still got it. It's just about 300,000 miles on it. But stuff just kept being a benefit. There was just kind of blessings from everywhere. Wow. Can I ask you, what did you do to go from 32 to 51K? What happened?

My regular job was not 40 hours, so I had a base of that, and then I did a lot of side accounting work, and then just tried to get, and I got a couple more clients and stuff like that. And then I worked for my mom, who's a CPA, and I did tax work at night. Just kind of everywhere I could pull from. Yeah, that's great. Very good. You're a hustler. You're getting her done, girl. Proud of you.

Very, very well done. Good job. Who were your biggest cheerleaders other than your boys? I would say my parents parents because they've been down that road and they've been debt free for a while i have a lot of friends i don't have a lot of naysayer friends i got a lot of friends who are debt free or are on their way and then yeah these these kids i can't say enough about them because they never complained they knew what the plan was they volunteered i i don't need a treat. We can save it.

So I'm really proud of what they have learned and how they keep me accountable. Very cool. Very cool. Powerful, Kristen. What are the boys' names? So Aiden is 12. Gavin is 9. Mason is 7.

And Morgan is 4. So we're going to try to coordinate it. They're coming in here. They're going to do the screen. All right. They've earned it, no question about it. Very cool. What a great family project.

We're proud of you. Great job. We've got a copy of The Legacy Journey, which is the next chapter in your story, as you said. You're going to be an EDM, an everyday millionaire. You are on your way, kiddo. And, of course, another copy of the Total Money Makeover, which you'll be able to give to someone and pay it forward and get somebody else's journey started with that best-selling book.

So good stuff. All right, Kristen and the gang, $61,000 paid off in 48 months, making $32,000 extra side hustles up to $ part of that time count it down let's hear a debt-free scream all right ready boy three two one i love that sound yes that is the sound of a family tree being changed right there. You heard it. Yes. Those boys lived that with her.

Yeah. What a legacy. Single mom. Leading. Modeling the way. I just, you know, I'm always blown away by the stories of everybody we get to hear their debt-free journey. But certainly, you know, Anthony O'Neill and I got to host a show last week where a single mom making $32,000. Same thing.

Same thing. And I have a special place in my heart for those ladies that step up and do that. We all do. It's hard enough to parent, certainly by yourself, and then go through that debt-free journey. I want to point out something, Dave, that I thought was so heartwarming. You asked her who were her biggest cheerleaders. And she said beyond her parents or friends, she said they weren't naysayers.

They had been on the journey themselves. And I just want to point that out, that when you decide to live like no one else, you better hang out with people that are on board and will support you. You become who you hang around with. Birds of a feather flock together. You read what they read. That's true. You talk like they talk.

You attend church like they attend church. You treat your spouse like they treat their spouse. I mean, you become who you hang around with. So choose carefully, my friends. Choose carefully. This is The Ramsey Show. Thank you. Carol is with us in Sacramento. Hi, Carol. Welcome to the Ramsey Show.

Hi, Dave. How are you Ramsey Show. Hi, Dave. How are you? Better than I deserve. How can Ken and I help? Okay, I have a question. I'm actually a Ramsey coach and also an everyday millionaire. We have three homes that are paid for, and we are also a co-owner with one of our children due to a divorce.

Our question is this. If we sell one of the rental homes, we could net about $560,000, which is almost enough to pay off the kids' homes and surprise them. We don't quite have enough. We're about $60,000 short of paying off both of the homes. Should we do that that or should we keep the house or should we sell it and put the money in mutual funds i'm confused you said kids homes two homes we have yes two homes okay and two adult children okay And we're co-owners on one of the homes.

Okay. But you would pay it off and surrender that ownership? Yes. Okay. Because you're only a co-owner because you had to bail them out in the divorce. Yes. And then our other kid has his own home. Okay. So you sell the rental and it brings $560,000, but you need $620,000 to do this.

Exactly. And you don't have the other cash. We kind of do. I just don't know if it's smart to pull that out. We have other funds. It's not a retirement fund. I just don't know if it's smart to do right now. We're getting eaten alive in capital gains.

We're paying about $200,000 in capital gains. So what is your net worth? Probably about $3 million. Okay. I would do it, but I would only do it if you pull out enough out of your other investments in order to actually do it. If you don't actually pay off the mortgages, it kind of defeats the purpose, doesn't it? Yeah, kind of, because from what I understand, in California, you can only gift so much money per year,

so we may not be able to do the whole thing all in one. I don't know California law, but in the federal taxes, you have a gift tax limitation that this is well in excess of but you can use some of your federal estate tax exemption called a unified estate tax credit and you just have to do a file you have to do unified estate tax credit and you're using some of your federal exemption up so when you die you would have used some of it up already but you're nowhere near the limits anyway it's like 20 million so you're fine that's what you would have used some of it up already. But you're nowhere near the limits anyway. It's like $20 million, so you're fine. That's what you would do to get rid of the federal gift tax.

I do not know California tax law at all. So you'd want to consult a tax professional to figure that out. I suspect that that unified estate tax credit would also apply in California. I bet you it's aligned with the federal guidelines, is my guess. I'd be shocked if it's not. But California does some weird butt stuff to tax their people, so I don't know. But anyway, yeah. So your net worth now becomes two and a half, and they have paid four houses.

The only other question I've got is, would they commit to never borrowing money again for anything? Yes. Now, I wouldn't make it a big deal, but I probably would have like a little one-page letter and both of them and their spouses sign it. If we pay off your home, you never borrow money again and so our family tree is completely changed. Never borrow money again for anything for any reason. Ever. And by the the way you shouldn't have to if you don't have a house payment you'll be able to save up and buy anything you want to buy yeah yeah that's and just you know we we bring in a nice income off of the rent we don't have to

have it so that's kind of my dilemma too i'm just like should we or should we not? Sorry? How old are you guys? We're in our 60s. Yeah. I would do it. Yeah. Really? Yeah.

Okay, and pull the other 60K out of? Yes. I would not do it unless you're going to pay them off. I mean, there's no point in paying it down. That doesn't do anything. You still have a stinking mortgage. But get rid of the debt. And have them both sign a little one-page letter. Just type it up and just talk about legacy and how you want to change your family tree. And everybody participates.

I think that's a fair trade. And then after that, you just don't bring it up. And you can't go managing their finances anymore. This is their life. You don't get to interfere. This is a gift. But the gift is predicated on the fact that we're changing our family tree. And that is a fair level of control in return for the gift. Yeah, let me ask you on that. Are you

saying in the letter that they are committing? They're just asking the kids to commit to that. They're not going to be checking up on them. That's what you're getting at, correct? There's no strings attached, but it kind of is. Well, it's a promise. Yeah, I like that. It's just a it's a promise yeah i like that it's just a promise i promise in return for having my mortgage paid off to never borrow money again i think that's fair that's a family oath so to speak but it's not a it's not a legal commitment and no you're not going to check up on them once a year and look at their balance sheets and no you're not doing any of that it's just like you know if they go and buy a house and put it

on a mortgage in the future you would just look at them and say you broke like, you know, if they go and buy a house and put it on a mortgage in the future, you would just look at them and say, you broke your promise. You know, that's it. That's all it is. And then you just go, well, that's sad. You broke your promise. Because you shouldn't have had to. Because the kids are going to be millionaires pretty quick. Oh, yeah.

No question about it. They'll be there very, very quickly, depending if they're, you know, learning from their parents' model to not borrow and to be generous and to be investors. They'll get there very, very quickly. Open phones at 888-825-5225. Matthew's in Phoenix. Hi, Matthew.

How are you? Doing well, Dave. Yourself? Better than I deserve. How can we help? I have a question about refinancing. We owe about $131 on the house with about seven years left of payments after refinancing about eight years ago. And my wife is going to be losing, going on to full disability probably within the next six months to a year and unable to work, which will be cutting our income in half.

To have money for medical expenses, would it be smart to refinance to lower the house payment to cover medical expenses in the future? What do you make? Currently $45,000 for my work and then with the veteran uh disability i collect another 24 000 so about 65 a year nine yeah and the house payment's about 15 50 okay um what does she make uh currently about 60 to 70 so after uh what is the nature what is the nature of her disability uh it's a terminal um illness that's slowly debilitating her where she has uh chronic fatigue able to stay awake or work. Oh, my. How old is she?

Mid-40s, and I'm in my mid-30s. Wow. I'm sorry, man. That's a battle we've been going through, but still staying strong and trying to follow your way as best as possible to prepare for the upcoming future of her health issues. Seven years is so fast. You're going to be done. I hate to have you walk away from that, but I would not trade quality of life if we've got a terminal diagnosis for anything.

So, yeah, I probably would would consider just because i don't only want you to have the wiggle room to make sure you got medical bills and stuff covered i think you can cover the house payment i think you could get it out and make it but it might mean that you don't get to do some things with her that you need to do while she can exactly so it was the out of being debt free because we only owe owe $131,000 on the house. You're almost there in seven years. Oh, I hate to have you lose that. But if you put that on a 15, it will relax that payment considerable. And you can circle back later and maybe still make it in seven years or eight years or something.

You never know exactly where this journey is going to take you but um yeah i mean you're you you need to concentrate on her okay just wanted to hear from you because i know always snowball forward and we've been doing really good the last seven years after taking your course. I would love to see you finish it up, but not if it means that you lose some experiences with the time you have with her. That's not a good trade. I wouldn't. But either way is okay.

But I just, wow, heartbreaking. I'm sorry. This is The Ramsey Show. Hey guys, this is James, senior producer for The Ramsey Show. Did you know over 18 million people listen to The Ramsey Show every week? And a lot of those people listen on one of our 600-plus radio stations across the country. To find a station near you, head to theramseyshow.com.