The Ramsey Show - App - What Happens in Vegas Stays on the Credit Card (Hour 1)
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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios,
it's the Dave 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.
I am Dave Ramsey, your host.
It's a free call.
If you want to talk, the phone number is 888-825-5225.
That's 888-825-5225.
Tom is with us in New York City. Hey, Tom, how are you?
Very well, Dave. How are you?
Better than I deserve. What's up? So I plan to retire and relocate in seven years,
and I was wondering if I should pay off my house today
or put the money into another house and relocate
and kind of rent out the current house that I live in
to kind of recoup the loss in value that I've sustained
or just live in the house now
and just hopefully that the value recovers over the next seven years.
Okay.
I'm sorry.
You've lost value on the home in seven years?
Well, I bought it for $195,000 in 2008,
and right now the value is hovering right at $100,000.
Okay.
And why has it not returned its value?
Because most of the things in that area have.
It's just where I live, it's just the value is stagnant,
and everyone is renting it out because they can't get the value back,
and just the value is not coming up anywhere.
Okay, so let me ask you this.
Let me ask you this.
If you stay there seven years, is it going to go up in value?
I don't know. It doesn't sound like it. It will stay there seven years, is it going to go up in value? I don't know.
It doesn't sound like it.
It will.
It doesn't sound like it.
So why don't you sell it and move now?
Well, I don't really want to take a $95,000 loss.
It's not coming back.
Well, I was thinking if I were to rent it out.
It's not coming back.
No, but what if I were to rent it out. It's not coming back. No, but what if I were to rent it out, I would get that money that I would have paid for the mortgage.
That's what I was thinking, and just sell it.
Because in seven years, the mortgage would have paid off.
Yeah.
So you have the money to pay it off now?
Yes.
Okay.
So here's the thing.
The house has lost $90,000 in value,
and you're telling me you don't think it's going to come back.
Yep.
So why are you keeping it?
You're keeping it because you think you're going to make the money back on rent?
Yeah, because that's the only thing I can think of,
because I just don't want to take the $95,000 loss.
You've already taken the $95,000 loss, and rent doesn't bring the money back.
It doesn't work that way.
Because you could buy something that's actually renting and going up in value,
and you're missing out on that because you're saying, I want my 95 back.
Well, you're not going to get your 95 back unless that neighborhood returns value.
So, no, I would not keep this property.
I would sell it and move now, and then I would pay cash for wherever I bought
and stay there for seven years, and then when you relocate, sell that property,
which, by the way, during that time will have gone up in value
because you've got good money chasing bad here.
Yeah, I just made a bad decision.
Well, it just happened.
I mean, it's okay, but the decision is behind us.
The point is what you've got in it isn't how you make the analysis.
The way you make the analysis is what you've got going forward.
And so would I rather have money invested, you know, around the corner where it's going up in value
or money here where it's stagnant and I've lost my butt and it's not coming back?
And you're telling me you wouldn't buy in this neighborhood right now
because of the future of the neighborhood is what you're telling me.
And if you wouldn't buy, then don't stay.
And don't pay it off.
If you wouldn't buy in this neighborhood just to make rent money back,
then don't stay in the neighborhood just to make rent money back.
You're better off to have an investment somewhere where it's going to go up in value
than sell that property seven years from now.
You will have made a lot of money on it if you're in a decent neighborhood
in the New York market, and then you make your transition to your other location
that you're wanting to move to seven years from now.
Timothy is in West Palm Beach.
Hi, Timothy.
How are you?
Hey, how's it going, Dave?
Better than I deserve, sir.
Yes.
So I started a business back in May 2016, and I read all your, well, three of your books,
Country Leadership and Total Money Makeover and Complete Guide to Money.
Cool.
Thank you.
Yeah.
So awesome reads.
I recommend it to anyone.
And I'm building the business debt-free.
And so right now, of course, I'm going into my second year, upcoming May,
well, finishing my second year.
And I want to know, when do I know is the right time to hire my first employee?
Financially or what?
Yeah, financially.
Okay.
So what is the business bringing in?
What's your gross revenue is going to be in the upcoming 12 months?
The next 12 months, what are you going to make?
Probably about $95,000.
Gross.
Gross.
Okay.
What's your net on that?
My net, about $13,000, $14,000.
So if you hire somebody, you're losing money?
Unless hiring somebody increases your income more than they cost you.
And that's what I'm trying to determine, you know, because right now,
I can tell you I'm doing virtual accounting for real estate and medical professionals. So, you know, I'm doing a lot of the work right now.
So it takes away from me selling and focusing heavily on marketing.
And I'm trying to see, you know.
Why is your margin so bad?
Say that again?
It's a service business.
Why is your margin only 13%?
You should be making more than $13, 95 where's all that money where are your
expenses yeah so my i mean well includes my my salary in expenses and then also uh my business
um i have tools accounting tools so like a lot of these so what are you paying yourself in salary out of the $95,000? I'm paying myself around about $1,600 a month, you know, just like barely skimping, just trying to.
So $20,000 a year.
So you have $50,000 in expenses other than you?
Yeah, so I, you know, with my accounting tools, with, and I've been doing something with my accounting tools,
and then I also have a savings.
I'm trying to save up six months' worth of...
That's not an expense.
Okay, what are your expenses other than accounting tools?
How much do you spend on accounting tools?
On accounting tools, the monthly cost comes out to about 12 000 a month
i'm not that 12 1200 that's only 14 000 a year okay how much are you putting in savings
a savings 10 of everything that i make profit 10 of profit or gross no i've been put uh gross
okay all right so that's $10,000.
All right.
Man, you're still missing some numbers here.
These numbers aren't right.
You should be making more than $13,000 plus $10,000 in savings plus $20,000.
Yeah, that's still the only real expense you've given me so far is in accounting tools.
So I think you've got to get your accounting straightened out, irony of ironies, to figure out where your money's going, and then that'll tell you when you're ready to be able to afford to hire someone. You've got to know that the money's there to pay
them. That's the big issue here. And the first hire you make in a business is your hardest,
financially, emotionally, everything. It's the hardest hire you ever made.
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Hi, Joy.
Welcome to the Dave Ramsey Show.
Hi, Dave.
I'm so glad to speak with you.
You too.
How can I help?
I had some questions about buying a used vehicle.
I know that on your show you talk a lot about buying used vehicles,
and I'm not vehicle savvy,
and I just needed to know, I guess, some tips or different points that you could
give me just for things to look out for.
What are you talking about?
How much are you talking about spending?
Somewhere between $10,000 and $16,000.
And you're going to pay?
I have a sedan now, and then I need a van.
Yes, I will be paying cash. Okay, and you're single to pay. I have a sedan now, and then I need a van. Yes, I will be paying cash.
Okay, and you're single.
Yes.
Okay.
All right.
So I just didn't want to be taken advantage of,
and then also I didn't really want a ton of maintenance issues either.
The car I have now, I bought new previously before that vehicle.
I had bought used, but then I had a mechanic that still lived nearby that was able to just check things over.
And he's retired now into Florida.
Okay.
Call him and find out who in the area You can trust to check things over
He'll know some other guys
That are still in the business
Okay
Do you have a way to get in touch with him?
I'm not sure
I'll definitely try
Or are you a member of a church?
I am
Ask around the church
Ask your pastor and a couple of guys around there who you can trust to have a look over a car
because it's a good thing to have a car inspected in a situation like you're in
before you buy a mechanic.
Just have them look at it and go, hey, what am I getting into here?
Okay, and they're looking for two things.
One is, is this a brand of car, a make of car that is constantly breaking down?
Do they know this car is, you
know, you don't want one of those, right?
Or, hey, this one's pretty steady.
This one's going to be a tank.
You don't have to worry about this one.
It's good.
The second thing they're doing is they're looking at that particular vehicle and saying
this particular car, you know, you need to put hoses and belts on this thing, or you're
going to have to do a brakes on it, or you're going to have to do whatever as soon as you buy it,
or within six months of buying it because it's got these things going wrong.
And at least you know what you're getting into,
and then based on that you can make the decision.
So that's how you do the mechanical side of it.
They actually, if you really want to get super technical and nerdy,
I never have, but I've heard of this being done,
you get permission of the current owner of the vehicle for you to pay for an oil change,
and your mechanic can learn a lot about what's happening with the car by changing the oil
and looking at the oil.
It'll tell you a lot about the condition of the engine, and you can actually do a technical
chemical analysis on it if you really want to go crazy.
Again, I've never done that but that's
you know that's you just look the car over have it inspected with a quality mechanic that can
give you some advice that's thing one thing two is uh he with the most information always wins
in a negotiation and so i want you to become an expert on vans if that's what you're looking at
and you just start reading articles on consumerans, if that's what you're looking at,
and you just start reading articles on Consumer Reports.
You start Googling that van and scrolling down three pages into Google and finding anybody that wrote anything about it.
Look it up on YouTube.
See what pops up on that van, and then you're also looking at pricing.
You're jumping on AutoTrader and Kelley Blue Book,
and you're looking at the pricing of the different vans
and the different options that are available.
And you're going to narrow down really do research like you were getting paid to do it
because you are as to what that van is really worth.
This van is worth $15,400.
It is not worth $17,000.
And if I can get it for $14,000, I got a good deal.
You need to know that because you've looked at the numbers and you've broken it down. And,
you know, and I go in, last car I traded, I went in and said, okay, here's what Kelly Blue Book
says this car is worth. And I need this on the trade-in. And here's what your invoice is. And
here's what I'm willing to pay for the car. And the guy goes, well, we can't give you that for the car.
And I said, well, it's what Kelly Blue Book says it's worth.
You can give me that for it.
And, you know, I'm like a little off, so you can make a little money on it.
But I went in armed with the knowledge of what the car is worth.
And that helps you a lot in the negotiation.
And then lastly, you know, is patience.
Take your time. Don't get car fever.
This is a big purchase. The bigger the purchase, the more complicated the purchase, the more time you should take on the purchase. You're buying a pack of gum, buy it and get out of the way.
Everybody's in line behind you. Shut up. When you're buying a car, you don't impulse that.
You're buying a house, you don't impulse that. You take your time.
So patience and knowledge and inspections.
And if you do those three things very thoroughly, like it was your job and you were being paid to do it,
and if you did it wrong, you were going to get fired, you're not going to get ripped off then.
You're going to be in a good position of knowledge and confidence,
and you're going to be able to make the decisions that you need to make
very carefully and very easily.
Abe's with us in Fort Lauderdale.
Hi, Abe.
Welcome to the Dave Ramsey Show.
Hey, Dave.
Long-time listener, but unfortunately I did not practice what you preach,
and I'm in a bit of a situation.
I have about $70,000 in credit card debt,
which I have not made a payment in, I would
say, about two years. Why? Just due to financials. It just got too much. I wasn't able to keep up
with the payments, and I just let it go. What do you make a year? What's your household income?
60 a year. 60, okay. And you have $70,000 in credit card debt. What other your household income? $60 a year.
$60, okay.
And you have $70,000 in credit card debt.
What other debt do you have?
That's it.
That's it? I don't have any assets.
You don't owe anything on your car?
No.
It's a private loan.
So you owe money on your car.
How much do you owe on your car?
Are you there?
Okay.
How much do you owe on the car?
$4,000.
Okay.
How much other debt do you have?
That's it.
Okay.
All right.
And what do you pay in rent?
$1,450.
Are you single?
No, married.
Okay.
How many kids?
Four.
Okay.
Well, it's time to address this mess then.
What are you facing today?
Well, American Express is suing me right now for $15,000.
Okay.
A lot of the credit cards, some of them are charged up, some of them are just about to
be charged up.
Mm-hmm.
Okay.
They're suing you.
Is that because they said they were suing you, or you actually got served a lawsuit
paper?
I got served, and I got a letter in the mail recently saying that they're having a hearing.
When is the hearing?
May 8th.
Okay.
All right.
Well, you're going to lose the lawsuit because you owe the money and haven't paid it.
It's pretty simple.
And they're going to take a judgment against you.
That's not the end of the world.
From there, what you're going to have to do is figure out how to settle with them,
because obviously this has gone way long, and you're going to have to build up some money to settle with them, you know, because obviously this has gone way long,
and you're going to have to build up some money to settle with them.
You don't really have a dime today, do you?
I have a little bit of tax money that I have saved for, I guess, something like this.
Wait a minute, your phone is breaking up. Try again.
I could borrow some money, but that's obviously not ideal.
Right.
Where would you borrow money?
Who would loan you money?
I have a friend that would lend me some money.
Oh, no, no, no.
You don't need to put your friend in an American Express seat where they hate you.
Right.
Because you can't pay bills right now.
You don't need to do that to a friend.
Right.
So, all right, we've got to get you on a
detailed written budget no life no vacations no seeing the inside of a restaurant you've been
listening but now you're going to do it right yeah i kind of have no choice yeah yeah you don't it's
time to get after this and you're scared aren't you yeah it's something that i've ignored for a
long time and it's just mounting up and it's kind of like how's it affecting your marriage uh it's not good yeah yeah well you don't feel
real good about you and she's scared to death and that's dangerous chemistry in a marriage
so here's what we're gonna do we're gonna put you into financial peace university i'm gonna pay for
it because i've been where you are scared and stupid i know exactly how it feels, okay? And I'm going to walk
with you, brother. You're going to make it out of this, but you're going to save up money rapidly,
and then we're going to offer American Express $3,000 or $4,000, and they're going to take that
as settlement on this judgment. It's not the end of the world. We can turn this around. You hang
on. I'll walk with you. You're going to have to do it this time. Hold on. In the lobby of Ramsey Solutions, Amanda is with us.
Hi, Amanda.
How are you?
Hi, Dave.
I'm great.
How are you?
Better than I deserve.
Welcome.
Where do you live?
Grand Rapids, Michigan.
All right.
Fun.
Great town.
Yes.
Welcome to Nashville and all the way down here to do your debt-free scream.
Yes. Doing a little mini vacation for the weekend. I love it. Yep. Great town. Yes. Welcome to Nashville and all the way down here to do your debt-free scream. Yes.
Doing a little mini vacation for the weekend.
I love it.
Yep.
Well, you should.
How much have you paid off?
$24,092.
Way to go.
And how long did that take?
A little over 12 months.
Good for you.
And your range of income during that year?
I started out around 38 and then ended right now around 50.
Good for you.
Cool.
What do you do for a living?
I'm in account management for a small company that handles protection plans for furniture.
Good.
Yeah.
Excellent.
Yes.
What kind of debt was the 24K?
Everything.
So it was student loans, car loan, credit cards.
I was paying off a trip to Vegas from a couple years ago.
You were just normal.
Yep.
Everything.
Just bought it and charged it.
Yep.
And just like a normal American.
I figured I'd pay it off eventually.
That's what I always thought to myself.
Eventually is here.
Yes, yes.
It's not actually a day on the calendar, but you determined when it was going to be.
So what happened 12 months ago that made you decide to be weird instead of normal?
Well, I don't know if you know this, but we've been involved for a while now, you and I.
We've been in a little bit of a relationship.
I know you wanted it to get serious.
I lived in Atlanta about six years ago, and I went and saw you live, and I just wasn't ready.
I just had my head in the sand, and I was not ready yet.
But I think you wanted the relationship to get a little serious.
So two years ago, my boyfriend crashed my car and he's
okay. It was not his fault. It was not his fault, but I had to go buy a new car and everything I was
looking at was like $18,000. I was ready. You know, I'm going to get a loan and how long is
it going to take me to pay it off? And I just decided I can't live like this. I can't keep
paying these payments every month. And my bank account never went above a certain amount because I was just paying payments every month for everything.
So I just set my goal.
I said, okay, I need to start getting serious with you, and you need to be my boyfriend on the side.
And it's time to start getting serious and paying things off.
So my 30th birthday was my goal.
I made my last payment four days before back in Atlanta on vacation. So happy birthday. Thank you. Well done. So it all starts with a car wreck. Yeah.
Yeah. Sometimes it takes some things to put things into perspective. It was just that the
purchase of the car was just enough to make you go. You don't think so. Yep. Yep. It just,
it just was so normal. And I was, money gives me anxiety. It used to.
I hated talking about it.
I didn't want to talk about finances, but I was never getting ahead.
So I just decided enough was enough.
So there's a 29-year-old single lady out there that has those same kind of feelings,
and tell her what it takes to get serious.
What do you have to do to get out of debt?
You have to face your debt.
I think that's the biggest thing is just being truthful with your debt
and that you got yourself here.
No one else is going to get you out of it.
And just being honest with your budget.
Like I was, in the very beginning, I tried to do the Dave-ish program.
I don't have to record that I went out to dinner this one time,
and I don't have to record that I bought these to dinner this one time and I don't have to record that I bought
these pair of pants.
You know, you have to be honest
with yourself
and your spending
and you get yourself
in line
and follow it.
Follow the program.
Okay, so you laid out a plan
and you had to follow it
and that did it
and you had to face it.
Yes.
You couldn't,
you had no more head in the sand.
No, and I got a second job.
So I was still making good money but but started delivering groceries on the side.
And just wasn't satisfied with where I was at.
You just have to get fed up with it.
What part of this whole get out of debt thing, you put it off several years, as you said.
It was kind of a mushy thing.
And then all of a sudden it went, oh, we're doing it.
What part of this whole thing was easier than you thought it was going to be when you kind of dreaded it back in those days?
Making a budget, I thought, was so impossible.
And your app simplifies it so much.
And it causes you to...
Sorry, I'm stumbling a lot.
No, it's good.
It's good.
It takes that anxiety away.
And I finally had control of my money.
So when things would go wrong, they weren't as big of a deal as I really thought they were.
So I think that was the biggest thing.
Yeah, the big deals aren't as big a deal as you think they are.
And having a plan drops the anxiety.
And building a plan is not as hard as you thought it was going to be.
No, exactly.
That's very good.
Good insight.
Very good.
Thank you. Good for you. Thank you. it was going to be. No, exactly. That's very good. Good insight. Very good. Thank you.
Good for you.
Thank you.
How does it feel?
You're debt free.
It's crazy.
It still hasn't really sunk in yet.
I just, I don't have any, I woke up this, you know, this month and this was my first
month without payments coming out.
And you're like, I have, it used to be $900 coming out every month on a car and everything.
And I was like, I don't have to pay anybody but myself.
My money is getting saved, and now I can actually go on a vacation this year and pay cash.
You've been putting $2,000 a month on debt for a year.
Well, and I got a small gift from my parents when my grandpa passed away.
So they kind of helped.
They helped pay off my car.
But just their support helped push me along.
Because they saw how you were doing things.
Yep.
So they've been supportive.
A hundred percent.
Awesome.
Very, very cool.
Is that them with you?
It is, yes.
Oh, okay.
Made the trip with you.
Yep.
Well, they've got to be proud.
They are.
Very good.
Do you have other people that were cheerleaders or thought you were crazy?
I have a lot more cheerleaders than I have people thinking I'm crazy, thankfully.
So my boyfriend's been 100%.
Well, he wrecked a car.
He better be.
Yeah, so he'll be starting his Dave journey in a couple months.
So when he's done with school, he'll be on it.
And so just surround yourself.
Find a group anywhere online.
I know social media can make it hard.
You compare yourself to everybody.
But if you find those small side groups, that's so helpful.
Yeah, we've got the official Dave Ramsey Facebook group now that a bunch of people are in.
I guess there's like 100,000 people in it.
I've got some of them watching today, too.
So I'm really excited.
Good, good.
It's called the Baby Steps group, right?
Yeah.
The official Dave Ramsey Baby Steps group or something like that.
Something real official.
Very cool.
Congratulations.
We've got a copy of Chris Hogan's retire inspired book for you.
That's the number one bestseller.
We want you to be millionaire now.
And I'd be outrageously generous as you go along.
You're well on your way.
Not having any payments and having control.
And you're not scared of money anymore.
No, not anymore.
Now it's scared of you.
Hopefully, yeah.
So it's going to behave when you tell it to now.
Yep.
Very well done.
Amanda from Grand Rapids, Michigan, $24,000 paid off by age 30.
She did it in 12 months when she got serious from $38,000 to $50,000 income.
Count it down.
Let's hear a debt-free scream.
Okay.
Three, two, one.
I'm debt-free! scream okay three two one i'm dad free i love it love it love it love it love it well done excellent excellent excellent well that's
how it's done whether you make 38 00080,000, the formula is still the same.
And it is the shortest path to wealth to become debt-free.
It gets you there faster than anything else will.
Emily is on the line.
Emily is in Austin, Texas.
Hi, Emily.
How are you?
Hey, Mr. Anthony. I just have a quick question about 401k contributions.
I've listened to about six months of your podcast, and I haven't found the answer.
I have two full-time jobs, so two 401ks.
I think this is a good idea because then I'm taking advantage of the match in both fully.
What I can't figure out is I've looked looked everywhere and i've asked my tax professional and
um 34.5 or 34 34.5 is the limit for the company is that each company each 401k
uh because i know
18 000 should be your 401k if i recall limit. I don't know if you can do two of them or not.
I don't know the answer.
$18,500 is my contribution.
Yeah, well, okay, with the match, yeah.
But your contribution is limited to $18,500 on one.
I don't know if you can have two or not.
I guess you can, but I can't say that.
I can have two, but I don't know if i know 18.5 is my
limit no matter how many 401ks i have one or five okay but the company there is no there should not
be a limit on the match okay no so what i would do is take enough of each to get the full match
none of them are 100 on match right one of them is and the other one i'm just trying
to squeeze that extra two thousand dollars a year out okay well i mean you can't do that if you got
a 18.5 and got 100 match you can't put money in the other one there's no need to because you're
getting 100 match uh all the way through the 18.5 that's pretty sweet that that's probably all you
can get away with mainly because you can't fund the other one.
That's what it amounts to.
I'm thinking that's right.
Jump in.
Talk to one of our SmartVestor pros.
They can help you.
I do not know the answer positively. Shaday is with us in North Carolina.
Hi, Shaday. How are you?
I'm fine, Mr. Ramsey. How are you?
Better than I deserve.
Welcome to the show. How can I help? Sorry if I kind of sound a bit nervous.
No troubles?
We're renting a house.
We've been renting for the last two years,
and the owner wants to sell the house soon.
We're not sure exactly when.
We're expecting maybe within when we're expecting,
maybe within a year or so. They're willing to work a deal with us where they're going to basically
give us credit towards the house from what we've been paying in rent. Wow. And we don't know if
it's something we should do. So it's going to be within the next, we told them we'll give them an
answer within the next four to five months, which will be about $30,000 in credit. Uh-huh.
And we're on baby step number two, and we have about $3,000 left.
We're going to finish half of that this month.
So we have, like, one more month left in baby step number two.
Uh-huh.
And then we were planning to build our emergency fund within that four to five months.
Good.
And we take home about, what, $3,600 a month or more.
Mm-hmm.
Mm-hmm.
Okay.
And I'm expecting to, so we're not sure what to do.
Oh, congratulations.
Okay, so what is the house worth?
It's worth $160.
They bought it for $160.90, but that's what they want to sell it for.
The market value is $155.
The market value is $155, and they're going to give you a $30,000 credit?
Yes, but they're going to give us the credit on what they paid for it for $160.90.
$900.
Okay, $160,000 at $900? Yes,000. Okay, $160,900?
Yes, sir.
Okay, so $30,000 off of that is $130,000, and the house is worth $155,000.
Yes, sir.
And where did you get the information on what the house is worth?
Like, just Zillow and all those things.
Okay, Zillow is not reliable enough for me to buy a house from.
So I'm going to go get a good quality real estate agent to look at it
and have them do a comparative market analysis for you.
If it's truly worth $150,000.
We're speaking with one.
I'm sorry?
We're currently speaking with one.
Okay, good, good.
Well, so if you can buy a $155,000 house for $130,000, that's a good buy.
You're out of debt.
You got your emergency fund in place before you do the transaction.
Then there's nothing wrong with that.
The only question remaining is, is this is the house you want?
Yes.
Okay, if you like the house and it's a good buy.
We don't have the emergency fund yet.
Okay, you're not going to close it's a good buy. We don't have the emergency fund yet. Okay.
You're not going to close it and you're not going to buy it until you have your emergency fund and you're out of debt.
We've already established that.
Okay.
But if you can buy a $155,000 house for $130,000 and you like the house, why would you not buy it?
I don't know.
Okay.
Then buy it.
I mean, you're at the right place and that's the right thing to do then.
Heath is with us in Jacksonville, Florida.
Hi, Heath.
How are you?
Hey, Dave.
I'm nervous.
How are you doing?
No troubles.
What's up?
I'm kind of worried that my fiancé is lying about payments and this and that and the other thing.
The problem that I'm running into is that she's a financial manager making about $70,000 a year, and I'm making $20,000.
And we bought a car recently before I started getting serious into your book,
and we've made three payments, and all three payments there's been issues with,
because it was the understanding that she would make the payments, her car, this and that,
and the other thing, I just had to, like, co-sign for.
She makes more money than you, and you had to co-sign for why did you have to co-sign for if she makes three times
what you make because she had a chapter seven bankruptcy three years ago and it apparently
dropped her credit down to nothing yeah that Yeah. That's what a Chapter 7 does. Yeah, exactly.
Destroyed her credit.
Okay.
Right.
She didn't have any credit.
She got bad credit.
Okay.
So how expensive is this car?
My credit's gone up to like $640.
Okay.
How expensive was this car?
$20.
Okay.
And when are you guys scheduled to be married?
We want to get married in June. Okay. And when are you guys scheduled to be married? We want to get married in June.
Okay. And so have you sat down and said, okay, we've had three payments.
We're 0 for 3 on the payments, which means as a financial manager, you're not very good at it.
And what's going on? Are you broke?
What?
Because the money's in the bank she's made the
payments i've seen the payments like for example this last payment um i visually saw it i've seen
her physically make the payment three times and i saw it on the regional acceptance website
um she made it like a week ago, it wasn't on their website anymore.
I don't understand. That doesn't make sense.
Yeah, it doesn't make any sense.
Unless she's making a payment.
I don't know if she's truly making the payment or if regional acceptance is being strange for some reason.
I don't know.
I don't either, but I would want to get to the bottom of this,
because let me just tell you, dude, when someone will lie about anything,
they'll lie about anything.
And so if she's lying about this, this is time to tap the brakes on getting married,
because somebody that'll lie about that will lie about anything.
Right. And so integrity is a deal-breaker in an engagement. getting married because somebody that'll lie about that lie about anything right and so
integrity is a deal breaker in an engagement
so we need to get to the bottom you know how to get around how to get about to find out i think
you just go listen i'm really really really really not okay with the way this is going right now
and um we're going to have to get to the bottom of this. I've got to understand how in the world I can see a payment going in,
and then it is turned around and removed.
That does not make any sense, and I'm not going to just accept that,
oh, that they screwed it up.
I really have got to understand this.
You've got to show it to me.
I'm not okay with this situation.
This is a major problem in our relationship.
Are you calling me a liar?
Not yet.
But I've got to know that before I can move forward.
I have talked to her about it, but I haven't asked for it.
I did ask for a bank statement, but she's got two different banks.
So let me just tell you let me just tell you listening to you talk there's other stuff that's gone on where she's jacked around
and not told the truth and told little white lies and that's why you're fishing so deep in this pond
am i missing something there no you got a problem dude you got a problem the two of you need to be
sitting in front of a marriage counselor for pre-marriage counseling and get to the bottom of this.
And you bought a car with this woman.
Oh, my Lord.
You've got a problem.
Yeah.
Because you know stuff you're not telling me right now.
That's what's happening.
I can feel it.
So I'm not going to dig any further in my deal.
But if you were my son, I would tell you what I just told you,
and that's get in front of a good pastor, get in front of a good marriage counselor,
and start doing some in-depth pre-marriage counseling
and drag all of these issues out on the table.
And let's really, you know, the other times that she didn't tell the truth,
the other times there was a, quote, white lie, unquote, these are deal breakers.
This has to be solved because you're going to
spend the rest of your life questioning everything the woman says if you don't trust her about
anything when she goes on vacation when she goes on a business trip when she's when you're out on
a business trip and she's home when she's at the grocery everything is in question when everything's
in question that's just life is too short so you've got to get to the bottom of this and feel good about her character to move forward in the relationship.
That's just man-to-man talk, and that has nothing to do with finances.
As far as the finances go, if this thing bottoms out, you're going to be forcing the sale of a car here.
I hope your name is on the ownership of the car, not just co-signed it.
And I hope you didn't get messed over to that degree.
But, yeah, you've got a mess.
You've got a mess, and you need to dig into it before you put a ring on her finger.
That's going to – this is an issue.
Thanks for the call.
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