The Ramsey Show - App - What Are the Best Side Hustle Ideas?

Episode Date: May 13, 2022

George Kamel & Ken Coleman discuss: Taking the next step in growing your business, The best way to save for retirement, How to motivate a teenager to get a summer job, The best side-hustle ideas to earn a little extra money, What to do when you lose your job. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

🎵 From Ramsey Network, this is The Ramsey Show, where we help you get control of your money, get ahead in your career, and get on the path to being well. I'm George Campbell, joined today by Ramsey personality, best-selling author, Ken Coleman. And we are taking your calls. So let's talk about your life, your work, your money, what's stressing you out, what's keeping you up at night.

We're here to give you the right next step and help you on the journey. The phone number to call, 888-825-5225. That's 888-825-5225. Eric is kicking us off. He's in San Antonio, Texas. Eric, welcome to The Ramsey Show. Hey, guys. Thanks for taking my call.

My wife and I, we recently turned our side hustle into a full-time business. We own a dog concierge business. Nice. Thank you. We started it in order to pay off our debt, which we successfully did. And then we did that over the course of one year, and then we turned our side hustle into our full-time business. And so my question is really regarding our next step. We want to keep doing this. We want to keep expanding.

And so the money that we have in the bank, we have about $30,000 in our personal savings. We have about $5,000 to $10,000 in our business savings account, zero debt. And we are trying to figure out if we should move our business to a country estate facility to run our business there, or if we should get an in-town commercial location. The issue being that if we do the commercial location, it's got a much higher risk because of the much higher overhead. Yeah. Let me ask you this. You clearly have these two options, the country estate and then the in-town facility. Based on the market, meaning your particular area, where you see your business coming from, is it clear that one of these is better than the other as it relates to accessibility, flexibility for your customer? Not necessarily.

So the issue with going with the country route is that we would lose about half of our business, but the actual demand, because we don't have a website yet, we've built our business 100% off of referrals. And so we would have a website built. We basically have that up and ready to go. So we would launch our website, et cetera, start some advertising. And so with the demand that we've analyzed, we could do either route and we think we'd be profitable. It's just the commercial route seems like it would have a much higher rate of return, but we would also get to service our current clientele 100% and not lose anybody.

But it does come with that risk of having a $8,000 to $10,000 to $12,000 lease, potentially having to hire some employees right away rather than going a more conservative route, but at the same time having to lose about half of our clientele. Yeah. Well, okay. So I can tell by your voice and the tone that you're leaning towards one direction and uh but i want to know if that's true which direction before you got on the phone to talk to us which direction were you leaning i'm leaning towards the country route my wife is leaning towards the commercial in town place okay and so we're talking about uh and what would you be your expense to the business for the country estate?

The country estate would raise our expenses by about $3,000 to $4,000 a month. Our quarter one, we profited $44,000, and we turned away about $15,000 of business because we run our business out of our house. Right, okay, so, and then the corporate, I mean, the downtown place is going to cost you about another eight to 10 and increase. Yes. Well, that, plus we would have to get a, you know, POS system for, you know, processing. How much is that going to cost? I haven't gotten that one yet. My guess is, you know, 500 bucks a month. Yeah. Okay. So here's the simple answer, George, you weigh in on this, but the simple answer here eric is uh number one you don't have to move now you know it's it's one of those things where you're feeling this well we're going country estate or we're going to go

downtown and the reality is is that you could stay where you are and just keep doing what you're doing growing slow growing smart and keep stacking money up. I'd like to see that account have a lot more money. So that's a viable option. Let's call that option one. Option two, for sake of discussion, we'll call the country a state. Option three, in town. So here's what you have to do. You have to decide, do you really have to move now and is now the best time to move? I think that's the question I want you to answer first. Right. Absolutely. And so maybe I should have referenced that. But so with where we're at, we're in a rental house. And so we're essentially in the city. And so we have the risk of, for example, if somebody found out that we were running our business from here, we could potentially get put out of business tomorrow.

Okay. All right. Well, that is good information. That's an emergency. Plus my wife and I's circumstances are not ideal with us being in our house as well. 100%. Okay. So we solved that.

You've got to move. All right? Yeah. So the homework is, the math is, I've got to figure out what's that point of service sale, all that system going to cost for real, and I've got to look at how much more would we increase our clientele by moving into the city or moving into this facility in the city. And then you start to weigh that out. What's increased revenue going to look like? And then I stack that increased revenue on one side of the paper.

And on the other side, I'm going, okay, my increased cost. And so this is just a numbers game. It's a math game. It feels really scary. But when you put the numbers side by side, you get everything out on paper and we look at it, George. Now it's just a math equation. Yeah.

And Eric, I want you, here's what I found in business and in life. He with the most patience, the most information and the most options is always going to win. And so I think you need more options. I don't like your back against the wall with just saying this is it or this is it. So I'm going to keep doing my research, find out what the other options are, whether it's in town or country or state, how can we get this lease down and how can we build up that client base really fast? I'd go on Squarespace today or whatever website program you want to use. Get that website up. It'll take you an hour to use a template and get your name out there and then start a referral program with your clients. So start to get

creative with marketing to get those clients up and move slow. Always move at the speed of cash, which it sounds like you guys have done a great job of doing so far. And on top of that, plug into all the resources we have with Entrez Leadership. That's gonna be immensely helpful

to get plugged in with other business owners who are on the same journey. Probably a lot of folks in the animal world. I know at our events, Ken, we have a lot of people who do dog training, dog concierge. It's a booming business. Yeah, what do you make most of your money on in the concierge space? What are you doing? So with ours, we make about 60% with daycare.

We make about 30% with boarding and then 10% with drop-ins, training, etc. Okay. I think George is right. That's a really great challenge is to find another facility and another facility and another facility. Now, you've got to do this quickly. Absolutely. More options is better. Yeah, both of them are great options.

We're just, in my personal mind, the in-town one has more risk because what if something goes wrong? And so that's where my thought is. Well, play that out. Play that out. Yeah. So you need to, you don't have to do it on this call, but you need to also say, what could go wrong? What are the chances or what would have to be true for these things to go wrong? And then how could we mitigate that risk?

Meaning it is a risk, but if we do this, this, and this, it's not going to break us. This is just digging a little bit more and playing this whole thing out. And then, again, the safe route is never bad. We could do the country estate for a while, George. And then we can move. Frolick with the puppies for a while and then we move. But I like this plan. Being an entrepreneur equals risk. So how do we mitigate that risk and make sure we make wise decisions that are going to help our future?

And get on the same page with your wife. Hey, this is a great question. They turned a side hustle into their full-time dream job. Coming up next, we're going to talk about side hustles. Some of you just need a great side hustle idea to get out of debt. Some of you want to turn that side hustle into a full-time gig. Don't miss that. We'll get there.

More of that on the Ramsey Show. Building wealth is a hot topic right now. There's all kinds of opinions on how to do it. Plus, inflation has everyone freaking out. Well, it's time to cut through all the noise and learn how to build real, lasting wealth the right way. That's why this year we're hitting the road for our Building Wealth Live event. Joining me will be Rachel Cruz, George Camel, Dr. John Deloney, and Ken Coleman. We'll be in Vegas, Orlando, Phoenix, Sacramento, Minneapolis, and San Antonio. At Building Wealth Live, you'll hear us tackle the latest trends and dive deep into investing, saving,

and planning for retirement. I know that might sound super overwhelming, but it's way easier than you think. Plus, while you're there, we're going to be signing books and taking photos. Seats are just $25 a piece, or you get a four-pack of passes for only $60. Go to ramseysolutions.com slash events to get your seats before they're gone. That's ramseysolutions.com slash events. welcome back to the ramsey show i'm george camel joined today by ken coleman and we are taking your calls the phone number is 888-825-5225 that's 888-825-5225. That's 888-825-5225. We are here to talk about your life, your money, your work, your relationships. It's all about you, and we do it right here in front of you on The Ramsey Show.

Dan joins us up next. He is in Hartford, Connecticut. Dan, welcome to the show. Hey, guys. How are you doing? Thank you for taking my call. Absolutely. How can we help?

So I have a quick question for you guys. I'm self-employed. I'm a marriage and family therapist in Connecticut. And I was an independent contractor years ago for a woman, and then I became an employee. And then I went out on my own starting this year, this past January. So I'm making monthly contributions to my Roth and then monthly contributions to my SEP. I have a goal of what I want to achieve this year gross-wise. But with the way the market is and my wife and I have a one-year-old, I was wondering, you know, I read Dave's books.

I wanted to kind of get your insight on, should I stick with maybe year one investing 15% of my growth? Um, and, or should I wait until the end of the year, still contribute to my SEP each month and then my Roth each month. And then at the end of the year, if I can fully max out my SEP, um, is that something you guys recommend? Or sticking year one, sticking with the 15%? That's awesome, Daniel. I'm glad you're doing this. A lot of folks that are self-employed don't even realize they have investing options and they retire broke.

I was completely blind. I had no idea what I was doing when I was 25. I thought I knew what I was doing, but- How old are you now? No, I do. I think I'm a little bit, what's that? How old are you now? I'll be 39 in August. Fantastic. Well, the good news is you got lots of time too, so that's great. You've been investing. So to your question, we recommend 15% of your household income in retirement in Baby Step 4, which means you're out of debt with a fully funded emergency fund. Is that you? Great. Okay. And then once you hit Baby Step 7, which means you have a paid-for house, then I'm okay with you increasing that number. So do you have a paid-for house currently? No, I don't. No, that's the only debt I have in my home. Okay,

cool. Well, anything on top of that 15%, I'm going to throw at the mortgage. Okay. How quickly can you pay off that mortgage? I haven't thought about that yet. I'll have to kind of give that more thought. I can probably come up with a plan for that. Yeah. It's kind of everybody's like, well, if you can max out, you know, I hear other people say, if you can max out your chef, do it. And then I'm like,

okay, well, that sounds great. And then reading, you know, all of day's books, I'm going, all right, I can 15%, but I can also, you know, you know, um, I have my emergency fund, my wife and I, and we have no other debts. So it's, you know, And then I get nervous because then I see the market. So it's kind of like I'm looking at all the different avenues. So I kind of wanted to kind of get your thoughts on should I just stick with the 15% and try to tackle more of the mortgage, or should I just max out the SEP and keep going the way I'm going? It's a great question. And our plan is all about financial peace. It's all about mitigating that risk. And when you have a paid for house, you just removed your biggest expense. And when

you do that, you're going to have so much more money to invest for the rest of your working career. And so this is kind of a tortoise and the hare mentality. And so I love the idea that you want to max out that SEP, but there's a time and place for that within the Ramsey plan. And that's once you have that house paid for. What's your mortgage right now? What's the payment every month? My wife and I, we pay our mortgages around, I want to say $2,600. Okay.

So let's do some quick napkin math here. That's over $31,000 a year that you will have freed up when that mortgage is gone. So now think about that. $31,000 a year that you can use to invest and to build wealth. And you're going to pay off your house within the next 10 years, I imagine, if you're following our plan. Yeah. I mean, I have to get my wife on board with the plan.

Aha. So is she not on board at all with any of this? She's very – I think we're both very good with money. And we have no debts except for our mortgage. um, she's very, I think we're both very good with money and, um, we have no debts except for our, our mortgage. And both,

we, you know, both work very hard as well as, you know, millions and millions of other Americans do. And it's, you know, it's, it's,

it's a little bit of a challenge because, um, I've kind of had to scale back my business, obviously with a one year old and, um, and I know I could do more. to scale back my business, obviously with a one-year-old. Sure. And I know I could do more, so I'm compromising a little bit on that end. But I've also been reading Dave's books a month.

I think his fourth book, I just bought his fifth book this weekend. So it's like I can see definitely a light at the end of the tunnel, and it makes sense. It takes work, but it definitely makes sense. Well, here's what I'm going to do for you. I'm going to gift you Ramsey Plus, and it's a one-year membership that includes all the videos in Financial Peace University, Every Dollar Plus, our premium budgeting tool. What I want you to do, Dan, is go through the Financial Peace University videos with her, because I think it'll get her excited about the shared common goal of paying off this house, being able to build wealth, retire early, and have that financial peace. And I think once she's on board, it's going to make

this whole thing a lot easier. So thank you so much for the call, man. We're moving on to Sue in Cleveland. Sue, welcome to the show. Hi, I have a question about employment for the summer for my youngest child who is not motivated to get a job and is really resistant kind of pushing back. And I have asked them to fill out three applications a week for jobs that are nearby. And they still have not done that this week. And it's Friday. So I said, you can choose between today or tomorrow, or I will pick them for you. But I'm just, I don't really want to go down that hard road of I'll pick them for you. But I don't really want to go down that hard road of, I'll pick them for you. I really want to figure out how to help them

get motivated to figure out what they'd like to do. Do you have some thoughts? Yeah, well, I do. There's two types of motivation. There's extrinsic motivation and intrinsic motivation. And extrinsic motivation, Sue, is what you and I do. I got three teens, all right, and it looks like this. Hey, you can't go out with your buddies or you're not going to this birthday party until your room is clean. And then that room magically gets cleaned. And so they are motivated by either penalty or reward. They're not intrinsic motivation is where they're doing it because they want to.

It's the person who gets up at 6 a.m. or 5 a.m. to work out because you want to be healthy because you enjoy what it does for your day. So that's the difference. So motivating a 16-year-old to get a summer job, you're not going to actually be able to motivate them. You're either going to mandate it, which is what you're staring at right now, and you don't want to do that. By the way, let me just say this. That's okay. In 2022, it's still okay for parents to mandate something. Like, hey, you're going to get a job.

You're going to shower. You're going to brush your teeth. Right. So, I mean, let's not be too worried about it, but let's go this route. What would be an activity or something you think your child would do for money, but they'd be thrilled just to do it, whether the money was involved or not? Is there some idea that kind of jumps to the top of your mind when I give that to you? Dogs in particular, but animals in general. Boom. Is this a boy or a girl um a boy okay great so he loves animals always has loved animals loves taking care of animals yes yep what kind of jobs are you uh are you suggesting that he apply for you you mentioned

two or three you had singled out yeah well we had looked at a dog wash company that's just up the street and also a dog store that just sells dog supplies. We've talked about all different kinds of things, an art studio where people do all different kinds of art forms. Yeah, but you've identified that he likes dogs. So I'd sit with your son, and I wouldn't mandate this yet. I'd say, hey, I mentioned these couple of jobs, the dog wash, the dog store. Hey, I'm okay that you don't want to do it. I just would want to know why. Is there something with dogs that you'd love to do?

Because I'll help you. I'll help you come up with a dog walking business, or I'll help you with a pooper scooper business, which I ain't much working with the dog, but if he doesn't like working with people and he wants to make some easy cash i'd find out what is what he is resisting is it work in general well now it's time to be mama bear and tell him he doesn't have a choice but if it's the certain type of work with dogs that he's more interested in i'd steer him towards that this is a good old-fashioned conversation see what lights his eyes up and come up with ideas. Help him there. If nothing lights him up, keep his fanny out the door.

Here's the thing. The relationship between work and money is important. If you can show him that and he gets money for the work he does, he goes, oh, I'm in control now. I can go buy some things that I want to buy. That could be a great tool to get him excited about the idea of work. This is The Ramsey Show. I'm George Campbell, joined today by Ken Coleman.

All right, Ken, so I'm in tune with our social media. What's going on over there? What people are saying. I learn a lot from you. Fingers on the pulse. Yeah, that's you. That is me. And so here's what I'm seeing on the Ramsey social media.

Oh. People are looking for extra income. Of course. And they're turning to side hustles. Here's some direct quotes from social. I've been searching to make some extra money on the side. I'm looking for the best part-time, online, remote job opportunities. What's a good side hustle I can do from home as a pregnant mom of a toddler? Looking to pick up a side job to make extra income. People are feeling the pinch

of inflation. They're trying to find that margin. And side hustles can be a great way to do that when you're not in a place to move up in your career to get more income. That's right. It's a great temporary raise. Yes. It's a good way to put it. Yeah, yeah. So with that on social media, I'm on TikTok. As you know, you call it the talk. I call it the talk.

Which infuriates James, but here we are anyways. And my three teens, which is why I do it. The troll. James is just collateral damage. That's adult trolling is what that is, Ken. Yeah, yeah. So we found a lot of videos out there on TikTok telling you how to get rich quick and passive income, which that word alone, it hurts my brain.

Passive income. Right. No work involved. Just money shows up. Mailbox money, I like to call it. So we're going to watch this video, and then we're going to share some legitimate side hustle ideas to give you folks some fodder. So let's play that video.

Here are the five fastest ways to start making passive income at any age. Number one, start in a vending machine business. With just two machines, you could be making up to $1,000 per month. You're going to find those vending machines on websites like Facebook or OfferUp. Number two is you're going to start a lead generation business. Every time somebody fills out a form on your website, you're going to get paid anywhere between $15 and $1,500. Some people are making thousands per day doing this.

Number three, you're going to start a couch flipping business. Find couches for cheap or even for free on sites like Craigslist, OfferUp, or Facebook Marketplace. You can sell each couch that you get from anywhere between $200 to $600. Four is you're going to sell digital planners on Etsy. You can make these digital planners for free using sites like Canva. This person has sold over 60,000 digital planners for $11 each. That's over $680,000. Business number five is going to be in the comments below.

Like and share. Oh, I see what he did there. I see what he did there. These TikTokers, they know what to do. They know how to get those likes. Everybody wants to know what number five is. We've got more than that, though. Now, I've got to tell you, when he first did couch flipping,

I wasn't sure if this was some new type of thing where you get paid to come over and flip somebody's couch over. Flip the cushions over. Yeah, I didn't know what that was. No, that was one of the only legitimate ones that I would go, yeah, I'd do that. Yeah, I'm actually kidding. I think the idea of, we were talking during the break, the idea in today's world with all the different websites where you can go buy something at one cost, put a little bit

of love into it, you know what I mean? Maybe fix it up. Maybe just clean it. I mean, you think about couches right now put a little steam clean on that thing and flip it and make three four five hundred bucks more maybe oh yeah you go to yard sales goodwill and you start doing the research don't just buy things willy-nilly hoping you can flip it yeah but actually look it up on ebay look it up on craigslist facebook marketplace see what they're selling for and then go i can get this for three

dollars i can flip it for 30 yeah. Yeah. This is worth my time. Let me tell you the place that I – we've got a list here. We're going to get into a list, but I'm on this flipping idea. And this is kind of a personal dream of mine, but I don't have the talent. I would flip cars in today's environment if I was mechanical. Like if I could fix something up, or let's say my brother was mechanical or Uncle Larry was willing to go in it with me, I'm not kidding you.

I would be buying cars and fixing them up, flipping them up, and flip them and making really good money right now. You can really do that if you're playing cash, right? You've got to have some cash. So some of these people are going, Ken, I don't even have the cash to do that. But I'm telling you, if you're looking to,

you've got some cash, and you're looking to really build a side hustle for a lot of reasons, this idea of flipping other products is... That's big. Oh, I'd be all over. Now, a lot of people want the remote work from home,

amazing side hustles. And the truth is, the ones that involve physical labor are the things that people are willing to pay more for. Yeah. And so I like looking at, do you have some physical talents? It doesn't have to be talent. Are you willing to go dog sit. Yeah. And so I like looking at, do you have some physical talents?

It doesn't have to be talent. Are you willing to go dog sit and mow lawns and do all those kinds of things in your neighborhood to make extra cash versus some of these ones online, you're making pennies at a time, you're making five, 10 bucks. It's not going to be a meaningful amount for a lot of the side hustles. So I wrote an article for Ramsey Solutions. It's entitled 27 Side Hustle Ideas to Earn Extra Cash. We're not going to hit all 27, but we're going to highlight a couple. Some of our favorites. Some of our favorites. George, what do you got?

So number one for me is deliver groceries. Oh, really? Yeah. So now I know gas prices are high, but if you've got a car that has, you know, gets a good fuel economy and you're willing to drive around and you like shopping and do it with other people's money, that's fun. And I use this service all the time for myself and my wife when we don't want to go to Costco or Target. You get shipped or Instacart, sign up for one of those. You start driving around.

And what's fun is they give you a free membership if you're one of their drivers. So there's a bonus. All right. I like tutoring. Ooh, that's good. Tutoring online in person. Let me tell you why I like this.

This is an in-home deal, maybe in your home or maybe in someone else's home, but we look at the education landscape today and kids are struggling. The pandemic put a lot of kids behind. Certainly if you're in an area where you've got some upper income areas where they're looking for some tutoring and you're really good at a certain subject, online tutoring around the globe, right, or certainly around the United States, or that in-person tutoring. I think that's a great way to rack up some cash. Yeah. If you've got a skill set, you've got the knowledge, other people need it. Yep. Use it. Another one for me is dog walking or pet sitting. We just heard from the gentleman who's got this amazing

dog concierge business doing boarding and training. There is big money here because, as you know, Ken, us Americans, we love our pets so much. We spend so much money on our pets. We're willing to do anything for them at any cost. Not me. Wow. There's a point of no return. Sure.

I'm not saying that. But, you know, you'd pay for dog boarding. Oh, sure. There's a place called Pet Resort here in town. They charge like $100 a night. Yeah. I could stay at a nice hotel for that amount yeah no so no there's good money in that though and it really is we pay for some

doggie daycare in the neighborhood people to come let out the dogs take the dogs on a walk it's easy money a 16 year old could do it and uh they'll pay you 10 15 20 30 bucks to do these things yeah i tell you one i like is just finding finding an area where people are searching for help with tasks. It could be organizing, cleaning, finding areas where homeowners or people that are busy and they've got some additional income and they're going, I'd just rather someone else do this for me. I would be looking in that general area. Again, this includes mowing lawns or whatever.

I told a story years ago on our show of a young man who bought a fishing boat, Cash, by creating a pooper scooper business. I mean, you think about it. He just walked around his neighborhood and said, I'll come once a week and scoop the poo. Wow. And who's not going to be like, are you serious? And he charged reasonable rates.

Dog owner's like, great, I got my yard cleaned once a week. I don't have to deal with it. And this kid had more business than he could possibly keep up with. Yeah, take advantage of that. The culture of convenience. Nobody wants to do anything, and we're willing to pay other people to do it. That's good. And so mowing lawns is a great one.

I've got a guy who comes by with his kid, and he's teaching them the relationship of work and money. And we pay him $10 every two weeks to come mow our tiny little townhome backyard. Because it's too much for you. It's too much. I don't have a place to store the lawnmower, Ken. There's nowhere to store it. George Campbell's posted stamp size yard is too much for him. It's too much.

But here's the thing. The neighborhood Facebook groups, if you get into those and you say, hey, I'm free to mow lawns, it's 20 bucks a yard. You will get people in droves coming to you because it's hard to find reliable people who show up and do a good job. If you do those two things, you will crush it in your side hustle. Yeah. Yeah, absolutely. I love it. So a lot of ideas on there. Go check out all 27. You can go to RamseySolutions.com, search for side hustles there, and that article will get pulled up. Great work on that, Ken.

And one thing to mention is time, talent, and target. Yeah, so here's what we need to do. When we're thinking about a side hustle and we're thinking about making extra money, we want to start with those three Ts. So time. How much time do you actually have to be able to commit to a side hustle to make money? Let's start there. Let's be realistic.

So if we have five hours a week, ten hours a week, we start with how much time do i actually have can i give to this work the second thing is talent now this is not about dream jobs so passion and mission don't matter when i talk about those three elements it's talent alone this is temporary money we need temporary i've got a skill and otherwise a tool that i can use to make money. And then the third thing is, what's my target, right? Am I trying to make $10,000 extra to get out of the baby step two faster or to fill that emergency fund in baby step three? What's my target? And I'm locked in on those three things, and I know it's for a season.

That'll help you with the focus that you need to find it, to get it, to do it, to win with it. Love that. Great framework. And remember, there's really no such thing as passive income. It takes a heck of a lot of work to even get to that point. So focus on active income, actually doing something right now. It's amazing how that works.

Yeah. Good stuff. This is The Ramsey Show. I'm George Campbell, joined today by Ken Coleman. Ken, you know this about me. One of my favorite things to do, one of my spiritual gifts, is giving away Dave's money. I know you share in that gifting. Yeah, you and I have been privileged to do it many, many times at live events.

And here we are doing it for all of America. Well, that's what we do. With the Ramsey Cash Giveaway. So we're giving away $500 every single week in May, plus a grand prize of $3,000 in our Ramsey Cash giveaway. So think about all the things you could do with that extra cash. We were just talking about side hustle ideas. This is the best side hustle is just to win giveaways. That would be nice.

So if you want to enter, go to ramsesolutions.com slash giveaway. And the cool part is you can enter every single day. So set a little reminder on your phone, make it your homepage on your computer for the month of May, and enter every day. No purchase necessary, but you got to be 18 or older to win. So sorry, kids. If you're out there, this isn't for you. And we're not stopping there either. To help you crush your financial, personal, and professional goals, we are putting our number one bestselling books and tools in the Ramsey $10 sale. That's up to 67% off. So here's my question to you, Ken. What's the last thing you bought for $10? Wow, that's a really good question. It's an interesting price point. Yeah,

it was probably something at Chick-fil-A. Oh, that makes sense. What's your order at Chick-fil-A? I like the grilled nuggets. Really? Grilled nuggets. Wouldn't take you for a grilled nugget guy. Really? Yeah. What? I mean, I'm not the picture of health. No, I just thought you were more of a handheld sandwich kind of guy. i really love their spicy chicken sandwich while we're talking about it but i think my go-to order is uh is uh the the uh the grilled chicken nuggets i'm going water side of pickles this is how we keep our physique listen man america's wondering what the secret is no no they're not i promise you they're not. I love it. Well, here's the deal.

You can spend your money on a lot of things, and times are tight right now, and I'm glad the inflation hasn't hit us at Ramsey. It's not the $11 sale. It's the $10 sale. Oh, that's nice. We're keeping our promise. That's a very good call. You can spend $22 to go to the movies, not including popcorn or soda.

You can spend $10 for almost two and a half gallons of gas here in Nashville. Isn't that the truth. Or you can get a life-changing book. You can get our proven plan for getting out of debt, like the Total Money Makeover for $10. You can get Ken's Get Hired digital course to help you land your dream job for just $10. An entire course for $10. That's ridiculous. How am I supposed to feed my kids selling it like that?

I've got to talk to them. It'll just take longer. That's all. So check out the Ramsey $10 sale. And don't forget to enter the Ramsey Cash Giveaway every day at RamseySolutions.com. All right, Dave joins us up next. He's in Charlotte, North Carolina. Dave, welcome to the Ramsey Show.

Hey, guys. How are you doing today? Great. How can we help? I appreciate you taking my call. I'm in a little bit of a pickle here. I'm in baby step two right now, and I really was picking with some gas, and unfortunately this week I lost my job.

My primary source of income. Sorry to hear that. Sorry, Dave. Yeah, thanks, guys. Me and my fiance had plans to pick up from Charlotte and actually move over to Tennessee. My lease is up in my apartment on June 17th, and I'm not 100% sure what to do. And to be completely honest, I'm not sure if I want to try to get back into a career that I was doing because I wasn't enjoying it at all.

Okay, that was my first question. Yeah. So what were you doing? I worked for a mortgage company. Before that, I was in banking for five years, so I kind of stayed under the same house. What kind of money do you need to make? I'm sorry? What kind of money do you need to make? I'm sorry? What kind of money do you need to make?

I was making between $45 and $50, depending on bonuses. Okay. And so what have you allowed yourself to wonder about? Because I know you have. When something like this happens to somebody, they start wondering what could be, what should be. What are you thinking about? If you were to not go back into banking or the mortgage industry, what would you want to try?

What would you want to do? No limitations. No limitations. Yeah. Okay. Yeah, I always kind of had an affinity for computers and stuff, and once upon a time I was going to go into doing computers, and I decided not to.

Why did you decide not to? Well, I wanted to explore the financial path a little bit more, and that's why I kind of branched off into mortgage. And from where I was, I was originally from western New York, and I was doing banking up there. All right. So, Dave, let me tell you something. I'm down to Charlotte Charlotte Florida Mortgage Shop.

Sure. So, Dave, technology is the hottest career path on the planet right now. It's everywhere. It's in every industry. So when you say computers, do you mean technology-type work specifically? Do you mean working on computers, help desk stuff? What are you talking about? Any or all of the above.

Just a way to you know build a career is basically what i'm looking for i'm not just looking for a job and a paycheck and i need a career there we go okay so two things we've got to solve the urgency and that is you need a paycheck pretty quickly correct you hear yeah so you don't have enough margin. So right now, your number one priority is get a job, okay? I don't even care what industry it's in because we need stability. And here's the good news, Dave. You're in Charlotte, North Carolina, and the job market is hot, hot, hot pretty much all across the country. If you've got to work two jobs right now to bring in the equivalent of $40,000 to $50,000,

you can do that. Would you agree with that? Okay. Absolutely. Okay, good. So we have a short-term strategy, which is two jobs, one job. I got all this experience in banking and mortgage. Can I hop over to another bank or another mortgage company in the short term to stop the bleeding, meaning no income coming in. All right? Now, then I want you, the next step is I want you to really explore what technology, computer work you would like to do. Do you want to go into cybersecurity?

Do you want to become a developer? Do you want to be like one of those Apple geniuses that George is always talking to me about that can fix anything? You know, you've got to, right? But know, you've got to create a list of, I think I'd be interested in these three things. So then we go talk to people who are actually doing it. You live in Charlotte, North Carolina. You have plenty of relationships.

You could sit with somebody who's in technology and computers and find out what's your day look like, good, bad, and ugly. What does it take to get qualified? How much is it going to cost me to get qualified? How long will it take? These are the questions you need to get the answers to. Now, I'm going to give you my book, From Paycheck to Purpose. Okay?

So hang on the line. We're going to give you that book, and that book is going to help you walk through this process. Okay? But it is not as difficult as it seems once we get stable again. So we want just a J-O-B where you've got the talent to pull it off, keeping the check coming in, decide whether we're moving to Tennessee, we're going to stay in the Charlotte area. That's the decision that needs to be made right now

because this might be that push out of the nest that gets you there. Yeah, and on top of that, I want to gift him, if you're okay with it, Ken, the Get Clear Career Assessment because this is something he can take in 15, 20 minutes. I just took it the other day, and it was super helpful for me. And good news is I'm in my sweet spot. Yeah, you absolutely are. Not going anywhere, but this could be really helpful for our friend, Dave. Yeah, and Dave, what this will do is help confirm if technology, computers is a great direction for you based on who you uniquely are. So hang on the line. We'll give you the assessment, the Get Clear Assessment, and the book From Paycheck to Purpose. Awesome. This is a big question. A lot of people, whether it's a job

loss or they need extra income, they're going, am I in the right field? They're having kind of this existential crisis, which I think is a great thing long term. It is. And we're also in an environment right now, this is mind-boggling. We're now close to 38 million people have changed jobs since August of 2021, folks. They're calling it the Great Resignation. If you've not heard that term in the media, these are the facts. And so when you're talking about that many people changing jobs, people are paying attention. They're going, oh, Larry moved jobs, and then Becky moved jobs.

And so it all said, well, wait, everybody else is moving. Am I supposed to move? They don't want to be left behind or left out. And so the other thing that's going on that's really driving this is companies are offering all kinds of great salaries and benefits. I mean, you could start at Walmart and Target today for $20 an hour. Wow. You ready for this? I saw a sign the other day.

One of our listeners at the Ken Coleman Show sent this in, and we shared it on the show. I should have showed it to you, James. It was a Taco Bell sign, Help Wanted. And it was a sign in front of a Taco Bell, and they said, great pay, all the things. And they said, and cell phone breaks. As in, like, remember the smoke breaks? Well, now it's for the kids. You can have a cell phone break.

You can get on the talk for 15 minutes. There we go. Twice a day. Catch up on your Instagram DMs. This is what companies are doing to try to get talent. What a time to be alive. Thank you, that. Hey, George, can you handle the next segment by yourself? I'm going to have James give me a cell phone

break. Oh, I thought you were going to go get a gordita crunch. I thought I inspired you to eat. That's wonderful. Hey, that puts this hour of the Ramsey Show in the books. My thanks to my stellar co-host, Ken Coleman, all the folks in the booth keeping the show running, and you, America. We can't do this show without you. We appreciate you listening, and we'll be back with you before you know it.

Hey, folks, Ken Coleman here. Did you know The Ramsey Show is one of the most popular podcasts in the world? Get your daily dose of advice on life and money. Check out all of our shows from The Ramsey Network wherever you listen to podcasts.