The Ramsey Show - App - What Baby Step Am I Actually On? (Hour 2)

Episode Date: November 8, 2022

Dave Ramsey & Kristina Ellis discuss: Determining what baby step you are in, Deciding to become a stay-at-home mom, Moving to make more money. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage studio, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work they love, and create actual amazing relationships. Christina Ellis, number one best-selling author, Ramsey Personality, is my co-host today. We invite you to join us.

The phone number is 888-825-5225. Jacqueline in Phoenix is going to start off this hour. Hey, Jacqueline, what's up? Hi, Dave. Thanks for taking my call. Sure. So I'm curious if I'm on Baby Step 2 or Baby Step 6. My husband and I had saved for a house, and we had a down payment.

And while looking for a mortgage, my grandmother offered to let me borrow from my trust fund. And the expectation was that I would pay it back because she doesn't want me to have my trust fund until after she passes. And so I've been tackling the debt like it's baby step two. And my husband thinks maybe we should just chill out a little and tackle it like Baby Step 6. You said you had a down payment for the house previously. Is that correct? What was that down payment?

40%. You had 40% down payment and then you borrowed from Grandma? Yes. Okay. How much did you borrow from her? $230,000. Was that the rest of the house? Yes. Okay.

So you owe your trust fund for your home? Yes. Okay. It's a bad Baby Step 6. Okay. Okay. So how much is in this trust fund um i don't know exactly but definitely at least half a million still after you took 200 out yes okay so the trust fund was left from who to you my grandma is leaving it to me.

Is leaving it to you. So she's already, she opened, she put the money in there while she's alive for you, her granddaughter, $750,000. Yes. And then she agreed to loan the money from the trust fund to you. What happens if you don't pay it? Legally. Legally. fund to you what happens if you don't pay it legally legally oh um i was told that i would

just get the balance of what's in the trust fund so i wouldn't owe the trust fund any money i would just get whatever's left so you did not legally do a lien on the house where the trust fund that is yours could actually foreclose on you? You didn't file a mortgage at the courthouse? No. Were there any paperwork signed? Yeah. There was paperwork signed?

Yes. On the loan? It's more like just a document between my grandmother, me a lawyer i'm sorry say that again it's just a document between me and my grandmother and the document states that you're to repay this at a certain rate yeah she's paying a certain dollar amount every month until it's paid back or until she passes. Is there interest on that? No, it's an interest-free loan.

Okay. I'm curious, what is grandma's reasoning for not giving you the money versus lending it? Does she have to? Yeah, which is what she should have done. She just doesn't want me to have access to it until after she passes for some reason. But she gave you access to it. Yes, she did. She's talking out of both sides of her mouth.

I guess she doesn't want my cousins and siblings to also have access to theirs. Ah, she didn't want to set a precedent. Yes. That the others go, well, you did that for Jacqueline. Oh, yeah. Now that makes a little more sense. I was getting ready to get after Grandma here for a second. Well, it's baby step six for sure to answer your original question it's not two it's a home

mortgage it's just a weird home mortgage agreed yes okay there's no question about what this is for what the money went to why you have two hundred thousand dollars in debt it's all about this house and if you were to sell the house you would pay off the mortgage if you were to refinance the house you'd pay off the mortgage which would you were to refinance the house, you'd pay off the mortgage, which would be repaying the trust fund that someday will be yours anyway. Yes. Hmm. Okay, I'm going to get tacky.

Are you okay with that? Me? How old's your grandmother? I was going to ask the same thing. Like early 70s 72 73 maybe our early 70s yeah okay how's your health she's great okay so this is gonna go a while well actually i mean we've been tackling it like it's baby step two so i only have three more years left on it but i was just

wondering like if i were to go back to the agreed upon amount i could i mean it would take it like four years but i was just wondering i would i would do the agreed upon amount for four years okay yeah because baby step two is is gazelle intensity baby step six is you move from intensity to intentionality and um what i would tell you there is put 15 of your income away to retirement um in baby step four save money for your kids college and baby step five and any money you can get out of your budget beyond that is extra payments on the mortgage that's a normal baby steps answer and i'm going to apply it in this weird situation okay yeah we just we've never had debt because we grew up on the randy plan like our parents gave us your books as we were kids so we've never had that so we just we freaked out when

we suddenly had that yeah how old are you guys uh 33 and 34 okay yeah so are you putting 15 away in retirement yes okay so you were already treating it like and then above that you're paying more than your normal agreed payment yeah and then we both have second jobs okay i might back off on the intensity have a reasonable life and pay the regular payment and what you can above that with having a reasonable life an intentional life and then get rid of this wow there's only one thing keeping me from saying grandma made a mistake here and that's the precedent with the other cousins. Yeah, maybe she's got a crazy cousin.

Well, no, I mean, she does have a point there. But, see, the difference in me, though, is this. We told our kids fair is where cotton candy and the Tilt-A-Wear oil are. Fair is my money. I decide what I want to do with it. That's fair. And so if i want to give your brother more i'll give him brother more it's my money um and so if your cousin called up and said if i was your grandmother i would do away with this loan because i think it's weird it's icky it's strange the borrower slave of the lender i got a weird feeling in my stomach talking to you about it i don't like it so i would pay it off and reduce your amount.

And if the cousins come around and go, no, I just did that for her. I'm not doing it for you. By the way, it's free money, so you don't get a vote. My money. You know, you can just say no. No is a complete sentence. And fair is where there's cotton candy and the tilt oil. That's not fair.

Well, it's my money. Go visit the oil. That's not fair. Well, it's my money. Go visit the fair. It's not socialism. It's capitalism. This is The Ramsey Show. well you probably heard there's inflation stagnation recession stock markets failing falling we're out of we're gonna die all die! All right, everybody, calm down. If you're investing and this is not the time to panic, you've got to stay level-headed. Listen, no one gets hurt on a roller coaster ride except those that jump off in the middle.

So history shows us that the economy recovers time and time again. Happened even after the Great Depression, even after 9-11, and even after 08. Actually a great time to invest when you consider that it's coming back up. You're catching it while it's down. It's on sale. And who doesn't love a good deal? But you've got to be smart about investing. You've got to have someone who can guide you through all of this.

And if you need help finding an investing pro, check out our SmartVestor program. It's an easy way to find pros who truly serve with excellence. They'll be there to help you figure out what's best for you and stay focused on your long-term goals. To get connected with up to five Smart Vestor pros in your area so you can pick the one you want, go to ramseysolutions.com slash Smart Vestor and you can talk with the pros, pick the one you want to work with and make an easy investing plan that you feel confident about. Because with the pros pick the one you want to work with and make an easy investing plan that you feel confident about because with the heart of a teacher they'll sit down and lead you the same way we would it's what we do here emily's with us in youngstown ohio hi emily how are you

uh good how are you good to talk to you you too how can we help okay so my short question is i am a stay-at-home mom and looking for advice as to whether or not I should look for some sort of income or go back to work full-time or part-time or stay at home with the kids. We have been following your baby steps for four years. We kind of have been working to this point. We have two little kids. We paid off all of our debt. We saved up for a 20% down payment on a house. And I think we weren't as prepared for me to cut my salary as we thought we were. And we're struggling kind of to make the budget every month now that we've moved to one salary.

And, yeah, just, you know, we've been having a lot of conversations like, should my husband look for an increase in his line of work? Should I look for something part-time? How much is your house payment? Our house payment is $966. What's your husband's take-home pay a month? His take-home pay a month is $2,900. So your house payment is one-third of your take-home pay?

Yes. And how many kids you got? Two. Okay. How old are they? Three and eight months. Okay. And so he makes $48,000 a year?

Well, okay, maybe I should have specified that. So it's a variable pay, so there are, like, months. What's his annual income? What's his annual income? What's his annual income? 67. Okay, that's not 2,900. So some months he gets more. Does that make sense?

Like part of it is a variable pay, so part of it is the same, and part of it is a little bit of like a commission sort of. Oh, I see. So some months. So the $2,900 is the salary only. Yes, that's correct. So that's not your real income. Your real income is $67,000 minus taxes.

Correct. What does he do? He is a sales force technician. So he works like IT kind of stuff. Okay. And when did y'all make the transition from two incomes to one? Four months ago. I'm a teacher.

So at the end of last, or I was a teacher. So at the end of last school year was, I sent in my resignation. Okay. So did y'all buy in a house before you left your job? Yes, we did. Okay.

I'm kind of wondering, so have y'all done the math on about how much more you would need per month to comfortably cover your bills? Yeah. cover your bills yeah i mean i think between the kids it'd be about 500 is kind of what we were thinking five to seven hundred to be really comfortable i i think you're uh debt free and you have a nine hundred dollar house payment with sixty seven thousand dollar income i think you've had some other lifestyle things that you need to take out but this is a doable budget without you working if you want it to be if you want to work to buy some luxury items or to eat out more often than you can that's up to you but do you have to to survive not with the numbers you gave me you have no payments but a house payment your payment house payments 900 and you make a 67 000 income i don't think you're budgeting well i think your budgets are loose and you make a $67,000 income. I don't think you're budgeting well. I think your budgets are loose, and you've not written them down in detail,

and the two of you pinky swear and spit shake, by God, we're sticking to what's on this paper. I don't think you're doing that. Well, and I do wonder if there's also like a middle ground where you mentioned, you know, do you take a job out of the house? And I'm assuming maybe you're thinking, you know, an official part-time job or an official full-time job, but with five to $700 is the gap. And as a former teacher, you could make quite a bit tutoring and really work around your kid's schedule and just have a lot of flexibility. So it's like, if you don't want to buckle down on that budget quite as tight,

or you want to eat out or you want to get, you know, extra clothes or something like that. And that's just a lifestyle choice you want to make. Let's clarify emotionally, though, what we're doing here. OK, you can live and invest for retirement on 67 with a $900 house payment. You can do it. If you tighten your budget and you watch what you're doing and the two of you write it down and the two of you stick to it you can do that now if you want to do some things above that and you're willing to work for those things that's fine but you're not allowed to say oh i had to go pick up a part-time job because we just couldn't make it on my husband's income no that's

not true you can't say that because you can make it on your husband's income if that's what you want to do but if you want to do some i i'm fine with you doing some tutoring but but but we can't say it's because we couldn't make it you can make it true well she even admitted that she she's been a little loosey-goosey on the budget no question i can do that budget in my head it's there so hey folks if you like this show, help us out three ways. One, if you're listening on podcast or YouTube, subscribe. Leave a review, a five-star review. We don't need any one-star reviews. Thank you.

They're not helpful. Your mama used to say, if you can't say something nice, don't say nothing at all. Amen. Good rule for you people on the Internet. And all of you, radio or podcast or YouTube, tell somebody about it. Share it with a friend. If you have the ability to share a link, share a link. A link to your local talk radio station that carries our show.

Thank you for that. Spread the word for us, whatever. So subscribe, review, and share. This is the rule. And that's how you can help us if we've helped you. See, we don't charge you for this. It's free. So that's your bill, right? I just sent you a bill. You got to help us out. Well, a lot of you have friends that are drowning. Like money has been taboo for so long and a lot of people are afraid to talk about it. But a lot of people in your

circle are staying up at night stressed out about finances and you can be that person who brings them hope and brings them life change yeah you don't have to tell them it's about money you just tell them it's funny you can lie hey we try well you know the weird thing was when we very first started on the air um years ago, I mean, we were so country fried. It was awful. It was like, you're listening to the money game. You know, I mean, it was bad. It sounded like we were broadcasting from a double wide.

And you know what? But the information was remarkably the same. And people started spreading the word. And that's how we're here 30 years later uh they people telling people telling their friends you have to listen to the show you got to check this out you got to check this out you can't argue with life change even if it comes from a redneck yep there you go so what'd you just call me so the uh uh yeah i know it's just it is what it is but the uh uh yeah there's a thing

going around youtube did you see that thing that me on a christian tv show like when i was 30 i saw that and and the comments are all like god he's so country and he's so kind and gentle i was i've kind of lost my um i just don't suffer fools like I used to But Yeah but another thing is He says the exact same thing That's true I do say the exact same thing I did when I was 30

No question about it This is the Ramsey Show We'll see you next time. Christina Ellis, number one best-selling author and Ramsey personality, is my co-host today. Thank you for joining us, America. In the lobby of Ramsey Solutions on the debt-free stage, Nick and Susan are with us. Hey, guys, how are you? Great. How are you? Good. How are you? Good, good. Better than we deserve. Where do y'all live? Milford, New Hampshire. Oh, wow. Nice haul down to Nashville. Yes, sir. Very cool. And here to do a debt-free scream, how much did you pay off? $57,000. Good for you. And how long did this take? 44 months. Cool. And your range of income

during that time? About $74,000 to $80,000 with side hustles. Cool. What kind of side hustles did you do? A lot of overtime. We worked holidays. I sold at consignment stores. I did DoorDash. Yeah, good. What do you all do for a living i'm an lna and i'm a physical therapy assistant oh wow okay cool what kind of debt was the 57 uh so it was student loans a car a bunch of credit cards and a phone you were like normal people yes sir how long you've been married four years okay cool and so right after marriage 44 months ago, you look down and go, ah, this is a mess. We're going to clean it up.

Tell me the story. How did you get about this and start doing the Ramsey stuff? I actually told her I was going to do this part. So when I first graduated college, the gentleman I was working for handed me her book. And he goes, hey, you're going to want to read this. It'll help you. And that's all he said to me. I was like, oh, cool.

Thank you very much. He didn't really, not to speak ill of him, but he't like give me a story of it so i was like oh okay and then i pre-threw but i didn't get a lot of it and like a lot of young men money wasn't really a thing like oh you're supposed to be in debt like that's just how it's supposed to work right uh so i'm like yes i had credit card debt and i had all this other stuff and then my go-to strategy which never worked by the way it's like oh when i get my tax return, I'll just pay everything off. Yeah, that'll be what saves me, yeah. Exactly.

And every year I'm like, huh, that didn't work. That's weird. But then I got older and then I also met my future wife and then we got married and she took your course without me. She's like, hey, I want to do this for my friend.

Do you mind if I go? I'm like, absolutely. Please, have fun. And then she comes back. She's like, hey, you should do this course with me. I'm like, oh, yeah, okay. You sound like my old boss. Yeah, exactly but um having some wiser men around me they're like hey if your wife shows interest in something you probably should too so after she said that to

me i took it thought about it for like a day and i'm like yeah okay let's do this let's let's do the course i'm gonna learn something regardless uh and then when i took the course a lot of it just made a lot of sense and we had just shortly had our daughter and going from a young man to having no responsibility other than yourself like uh i kind of did think backwards i was giving without actually being financially stable i'm like oh you need money for gas here you go oh you need food here you go i live in ramen noodles for a month what do i care uh i have children an entirely different world uh-huh uh my wife was already good with money before i even came into the picture all this was her to getting me on the same track uh so after we took the course and it all made

sense she's like hey let's let's do this and i said okay um of course at what point in this whole thing did you remember that this was the same guy in the book that you threw away uh actually i didn't realize it until we got to the course and they handed me your book oh you're like oh i used to have one of those okay actually i told her i'm like hey i've got this in storage someplace she's like why did you read it i'm like that's a great question i don't it's a fair question yeah i don't i don't have a good answer for you uh but when we're running through the course, one of the things she said to me was like, hey, when we do this, it was never if, it was when,

I want to go down and I want to do the scream. I'm like, oh yeah, sure. Like they're going to pick us. Like I agreed. But being a man of my word, we finished. We paid off debt. And she's like, hey, I'm going to email them and see if we can do the scream.

I'm like, yeah, okay, great. I think it was a day later. I got the full caps text. We got picked. Ooh, okay, yeah, okay, great. I think it was a day later, I got the full caps text. We got picked. Ooh, okay. We're going to Tennessee. Going to Nashville. Yeah.

Going to Nashville. I love it. Way to go, guys. Very cool. Yeah, good on you for listening to the wife and good on you for leading the charge. That is awesome. So, okay, you said you did a lot of side hustles.

What did this journey look like for y'all? Working a lot. Yeah, sounds like it Yeah. Oh yeah. I mean, the other thing too, is right when we decided to do this, just before we started, I literally had a car blow up. So we had to get another car. So that got added into the debt snowball. You get COVID right in the middle of your deal. Well, that's just it too. So she was working a full-time job, COVID hits, and now she has to be a stay-at-home mom slash stay-at-home teacher. So I'm working every holiday I can. Every weekend she's doing double shifts while I stay home with the kids. Just everything we can do to pay off debt. You guys are incredible. I'm so

proud of you. Thank you. Well done. Well done. How's it feel? Amazing. Oh yeah, it feels really good. And the best part is all the people that we talk to about it, and they're like, oh, yeah, but actually, you can't really do that. Or that doesn't really work. And it's like, but we did. Yeah, but there's us. What about that? Like, we're actually the proof. That's it.

So what do you tell people the key to getting out of debt is, if somebody will actually listen? Trust the process. Like, these steps aren't complicated. It's simple. But following through with it is where the dedication comes in 44 months by god that's a long trek and throw a little covet in the middle of it just for fun that actually helped us with all the bonuses that

our work yeah because we're both in health care so they just wanted yeah zoom zoom yeah oh yeah so like they wanted you around for sure yeah yeah and people were quitting left and right in our jobs because of the health scare so they're like hey we need people we'll pay you x amount extra if you want to come in yeah awesome we'll be there you're like i'll do this yeah so what's next what's next now that you're you're debt-free past baby step two saving for a house all right good for you that's exciting love it and you brought the kiddos bring them up tell us their names and ages. So this is Aria, who's four.

Just turned five. Oh, just turned five. Excuse me. Typical dad. And this is Natalie. She's 11. All right. Very good.

Good stuff. Well, we've got a copy of Total Money Makeover for you to give away to someone with a better explanation than you got. And Baby Steps Millionaires, the latest number one bestseller, because that's the next chapter in your story we want to hear from you when you become baby steps millionaires you're on your way and a one-year membership to financial peace university and again you've been through the class so you'll be able to give that to somebody and probably got somebody in mind that maybe you can get them going that'd be great that's what this is all about the live and give bundle there for you congratulations you guys we're proud of you very well done nick

and susan natalie and aria milford new hampshire 57 000 paid off in 44 months making 74 to 80 count it down let's hear a debt-free scream three two one we're debt free there is a really good life lesson that is evolving on the debt-free stage in the last few months here's the life lesson you remember when you thought that everything as you knew it, any chance of prospering, any chance of winning, that COVID had stolen it all? You remember how COVID was the worst possible thing, the quarantine, the loss of a job, and we were all freaked out?

Some of you were so freaked out that you're still trying to emotionally recover from your freak out. Here's an interesting number for you. Since the quarantine, 82 of our debt-free screams since the middle of 2020, 82 of our debt-free screams have been that they claim they got out of debt because of COVID, meaning COVID indirectly was a blessing. It caused them to focus. The wife got on board with the baby steps, took an extra job that was COVID-related. What got us started? The pandemic scared us to death.

When COVID hit, we changed careers. The pandemic changed my outlook on spending, my change in spending habits during COVID. I was able to work more and got a lot of income during COVID. COVID was actually good, increased his salary. Pandemic made their dream more attainable. Side hustles exploded. Things opened after COVID. When COVID hit hit my business went crazy these are actual phrases from some of the 82 people that have had that said covid is to blame for their getting out of debt isn't that interesting that's powerful yeah it's like you know covid was like a fire and a lot of people ran away from the fire. These people actually ran towards it and put out the fire.

Yeah, and got paid well. Yeah. Changed their family tree in the process. I mean, listen, it was a valid thing to be afraid. But isn't it interesting that when you look back on the things that you were afraid of, how many times they turn into a blessing? That's the life lesson. And these people here, man, I mean, they were able to work like crazy.

Their income went way up because of COVID. That's the life lesson. And these people here, man, I mean, they were able to work like crazy. Their income went way up because of COVID. And it's just a thing to remember. When I think I'm going to die from this, I'm probably just being a drama queen. This is The Ramsey Show. ស្រូវនប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ប់ Christina Ellis, Ramsey Personality. Number one best-selling author is my co-host today. Our question of the day comes from Blinds.com. They have a 100% satisfaction guarantee. That means even if you mismeasure or you pick the wrong color,

they'll remake your blinds for free. Free samples, free shipping, and new promos all the time. If you want a great deal, use the promo code Ramsey at Blinds.com. Today's question comes from Brian in Nebraska. My wife and I live in Nebraska. She's graduating from dental school and we are expecting our first child in May as well. The only debt we will have is a combined $300,000 in student loan debt once she is done with school and a mortgage of $180,000 with $40,000 to $60,000 in equity. I currently make $62,000 a year as an architect. She has a job offer in Memphis, Tennessee to teach as a professor for $160,000 or work in Nebraska for $100,000 to $125,000 a year. Do we move to Memphis, Tennessee

with a newborn where she can make more money and we can sell the house to put our equity to pay our student loans or stay in Nebraska to continue paying down debt and have a community that is able to help with the baby. Well, the first thing that struck me is only $300,000 in student loan debt. We only have $300,000. It's not $500,000. It's only $300,000. Oh my God. The other thing that's interesting to me. It's only 300. Oh, my God! Whew! Yeah. The other thing that's interesting to me is she's graduating from dental school, which that seems to be where the debt's coming from, but then she's going to be a professor.

Well, there's a dental college in Memphis. Okay. She's going to be teaching dentistry. But do you think it's better to start out being a dentist and get real-world experience before teaching? It's obviously not necessary. I mean, how many professors did you have that get real-world experience before teaching? It's obviously not necessary. I mean, how many professors did you have that had real-world experience doing anything except being a professor?

I mean, that seems like the best route. I also just wonder, too, like if she became an actual dentist, could she make more money and knock that debt out quicker? He's saying she's got $125,000. Really, first year out, $105,000 on dentist is about right. I'm a little shocked at how high the professor's score is. That's a pretty score. And the question is too, okay, so if you move down there and you don't make at least 62, this is not an upgrade. He's got to get a job making 62 or

more as an architect in Memphis. Well, that also seems a little low for an architect, right? It does, yeah. There's a lot of questions on this. Yeah. So, all right, let's throw some assumptions on there so we can answer it. Let's say that you moved to Memphis and you made 80 as an architect, and she made 160, okay? And you live there three or four or five years, and you clean up your dadgum mess that you've made.

Only $300,000 in debt, right? Did he say how much equity in that? $40,000 to $60,000 in equity. Yeah, not much. Okay, so that's not going to move the needle. The big thing that moves the needle is the income difference. or we change jobs as an architect in nebraska and make more money and she gets a better job than she's been offered so far as a dentist and makes 150 in nebraska if she can make 150 and he can make 80 and you hate the idea of memphis yeah instead of nebraska then i would stay and it takes you another what six

months to a year to get out of that yeah you know if you do that um but i you you seem to be underpaid right for your i mean if you have a four-year degree in architecture and you're making 62 i got a problem okay period let's just say that number two 125 is a little low but not super bad for first time out of the gate dentist that's not bad at all um i i kind of think i'm hearing down under that last sentence i have community that's able to help with a baby do i move away from everything that i know my family my roots my church well and another factor to consider is the fact that like i don't know what that community is going to do like how much they're going to help but but there's daycare costs as well if you moved to memphis maybe

maybe in nebraska you have a grandma who's planning on taking care of the baby and in memphis you're going to have to pay for full-time daycare so even in that equation just making sure to factor in child care you got to run that in there too so um if you maximized your income in both locations it sounds like memphis gets you out of debt a year sooner no one says you have to live there the rest of your life it's not required uh you could go work there three or four years and then move back to Nebraska. That would be fine if you hate it. You could look at it as an adventure. You know, it's not a permanent decision forever and ever. I mean, you could look at it as an adventure and go do that.

Like, for instance, these people that are contractors with the military and they go to Dubai for a year and make 6X what they would have made in the States and pay off everything and they basically Dubai for a year and make 6X what they would have made in the States and pay off everything. And they basically give up a year. And they have a little adventure in Dubai and go do it or whatever. And there's in the sandbox one way or another. And there's people doing that. But it's a matter of looking at it.

I think that I'm going to be away from community and everything that I know has a rest of your life feel to it that isn't required. As far as I know, you can still, they still allow you to leave Memphis once you move there. True. I mean, but I'm also thinking like personally, she is graduating from dental school. So there's going to be a huge life change just in going from being a full time student to working. And then she just had a baby. She's got a newborn. So even just, man, the first year postpartum, I would not have been super excited about an adventure across country and moving away from family.

So there's also just the emotional aspect of like, what does she really want? Like, what what is her capacity? What is she? We're going to Minneapolisneapolis tomorrow night okay and um i've got friends from that grew up in minneapolis they uh were born and bred there everything they knew was there and um at 50 something years old they said i'm tired of being cold i'm leaving and they moved to nashville and they live down the street from us you know and they're they're sweet people they go back to Minneapolis occasionally see their friends but they were

tired of it and you may be tired of Nebraska I don't know but it doesn't say that here what seems to be between the lines here is you would hate leaving Nebraska and the only reason you'd be doing it would be for a little extra money and i would challenge you instead to go maximize your incomes where you are and stay 100 yeah and if it takes you one year longer to get out of debt by doing that but don't stay there and make 62 and 100 which is more than she which is all she could have made that much by herself because you two both minimize the crap if you make 60 and she makes 100 that's 162 she got an opportunity to make 160 by herself in memphis that's not okay so if you're gonna stay in nebraska you need to go up your game yes somewhat it doesn't have to be as high uh as the memphis and the memphis deal does does not work at all dude if you don't get an

architectural job they're making more than you make now right well and i'd also be curious about cost of living like it seems like i mean i'm not super familiar with nebraska but it seems like it'd be cheaper to live there versus in memphis but probably but memphis is not that high but also just make sure to compare that because even the equity you have in your house 40 to 60 000 it's not that much money and so just make sure you compare just the cost of living, the cost of daycare, all of that, and factor all that into consideration. So here's a mistake that people make in their logic on this,

and this is the subject in general. Do I move for a job? It's as if they're doing, am I doing something wrong if I don't take a job in a place I hate because it pays more? No, you're not. Careers are personal things. Personal finance is first personal, and then it's finance. And so, you know, if you, I'll give you an example.

Okay, people told us with the Dave Ramsey show in the old days that it will never be a big radio show if we don't move to L.A. or New York. And I'm like, I like visiting L.A. or New York for about 48 hours, and then I'm ready to leave. The chances of me living there is precisely zero. And if that means that the Dave Ramsey show is never a big deal because i refuse to locate in one of those two cities um then it won't be now it turns out that we're the second largest talk radio in america today so those people that said that didn't know what they're

talking about thank goodness but i made the choice quality of life on nashville versus those two places oh dad gum no question I'm chuckling a little bit inside trying to picture you living in LA or New York, bringing redneck radio to the big city. Well, we broadcast in both of them. Thank you very much. But yeah, matter of fact, highly rated in both of them. So it's working. You still won. Here we go. Golly, you and your redneck jokes today. I'm going to come up with some Venezuelan jokes or something here. Bring it. Bring it.

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