The Ramsey Show - App - What Happens When Parents Misbehave (Hour 3)

Episode Date: October 31, 2023

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work they love, and create actual amazing relationships. Jade Walshaw, Ramsey Personality, is my co-host today. Thank you for joining us, America. Open phones at 888- two five five two two five michelle and tyler are with us in las vegas hey guys how are you good how are you better than we deserve what's up in your world uh well i i'm calling in to get your advice. Um, my husband, my husband and I, um, bought a house

a couple of years ago and, um, I am in the mortgage industry and, um, yeah, I'm a mortgage loan officer and I was earning about eight times what I'm earning today. Um, back in, in 2001 or 2021 when we bought, we bought the home and then the crash happened a few months later. So we've gone, we're at a negative, um, 12 grand a month in our, from our expenses versus our, uh, income. And I've kept a year to date tally, um, since January of this year to current. Um so those are exact numbers. And we're at an interest rate of 2.625 on our mortgage. So really good rate. And we have about $400,000 in stock and we have about a million and a half in retirement, which we don't want to touch.

And we have minimal in savings and checking, you know, maybe 30 grand. And so we have borrowed about a hundred thousand from my parents. Is that how you're floating the 12K a month loss? That was to help and also make sure that we were able to pay on our insurance premiums that were due in April of this year. We have just to keep on our savings plan of that, as well as help keep afloat and we ended up getting a car loan which we we don't ever we normally don't have car loans but we ended up financing a car loan at 5.24 percent while you were car when your income was off 70 percent because um our car was the lease was up and the payment was quite high and so we were and we also okay what's your home worth uh three and a half million okay what does tyler make tyler what do you make um he made 300 300 23 oh his exact monthly income, the net, is $30,948. Okay.

And you guys, where is all of your money going then? Because you owe what on the house? Two million, 164,000. So what is your house payment? $11,400. And he's bringing home $30,164,000. So what is your house payment? $11,400. And he's bringing home $30,000. So why are you burning $12,000? Where's it all going?

It is going to... Private school. What's tuition? It's $4,300. A month? Yes. Okay, where's the rest of it? Savings with our insurance premium, grocery, $2,200 a month.

Savings, so you're having a super expensive whole life plan. Right, that was started nine years ago, and our 10th payment, which is a 10-pay, was due in April. So we don't have to pay that again. Yeah, you can cancel that, and you should. It's a piece of crap to start with. And that stinking thing is what, $5,000 or something? It's $54.16 a month.

Wow. So you're borrowing money from your parents to pay a whole life plan. It's $6,000 of your 12 burn. That's an easy fix. Go get some term insurance and drop that garbage. Cash that cash value out and pay your mom and dad back. How much cash value have you got? So we have $400,000 cash value have you got so we have 400,000 cash

value on that and you have 400,000 in stock also yes yeah catch that crap out there you go why are you you've got these assets turn around borrow from your parents why not use the assets well agreed um we have a loan already of 185,000 on there okay so you're only going to net 200 that's fine you can still clear up no that's an addition the 400 is an addition to that um and that if i borrow against it then if you cancel it you're going to walk out with all the money and get rid of the expense and it is a horrid investment. This is what's killing you. You have two major symptoms in these numbers, your loss of income and this horrendous investment program.

Well, the 12 negative is not a good thing. The third symptom is you've not cut your lifestyle because you're used to living on $700,000, $800,000 a year, and you all are still acting like that. Agreed. thousand dollars a year and y'all are still acting like that agreed um and i don't i am i want a i i put together a budget i i um it's just having the family follow it so are you gonna are you gonna do what dave just suggested are you gonna cancel this whole life and are you gonna clear out those stocks? And are you going to pay back that loan to your parents?

Before we go further, I just want to know if you're going to do that. Well, if that's what you're suggesting that I do, then that's why I'm calling in for advice. I'm suggesting you stop all whole life policies immediately. They're a crummy place to put money to start with. If everything was healthy, I would suggest that. I sure as crud wouldn't be borrowing from my parents to pay a whole life premium which is essentially what you've done here um and i sure as crud wouldn't have bought a car when i'm so broke i can't pay my bills on payments i would have bought a car i could pay cash for i want to

cash out enough stock and go buy a car you don't need more payments you've got problems so you're you're increasing your burn rate every time you do that not decreasing it to turn the corner so what you do in these situations is you button down the hatches the hurricane is here the hurricane is temporary we don't know how long it's going to be on shore but right now we've got 60 and 80 mile an hour wind coming at our house. And whether it's here for another year or whether it's here for another six months, you and I don't know. I pray God your income comes back next spring because that means the real estate market has started to come back. And this ridiculous economy we're sitting in with these interest rates has started to reverse and go the other direction.

I hope that for America, and it certainly would be great for michelle and tyler so but i don't know how long the hurricane's going to last but right now you've got a burn rate that you can fix you do not have to have a burn rate cut your freaking lifestyle get rid of the whole life policy get rid of the car. Cash out enough stock to do that. And look at your family and go, boys and girls, we don't get to live like we used to live. We don't have the money. And you and your husband be grownups and sit down and go, we have to live on less than we make. We have a brave new world we're in.

We don't make $700,000. We only make $360,000 now. Wow! And we're going to have to figure out a way to make it on that for a little while. Your house is not your problem. Your house is great. I'd sit right tight in your house, but I'd cut a whole bunch of other stuff out of your life now. Right now.

And get rid of this burn rate. And then you can wait. When it comes back up, you can have some enjoyment stuff again. In the meantime, you guys need to find beans and rice back in your budget again. This is The Ramsey Show. Jade Warshaw, Ramsey Personality, is my co-host today. Open phones at 888-825-5225. Keyshawn is with us in Atlanta.

Hi, Keyshawn. How are you? I'm good. How are you doing? Better than I deserve. What's up? Well, just yesterday, my father asked me to help him buy a house.

Mind you, my father is 61. I live with him. How old are you? I am 22. Whoa. Yeah. Why are you? I am 22. Whoa. Yeah. Why are you living with your dad? Well, right now at this moment, well, during COVID,

I found a mentor who taught me a skill, digital marketing online, and I managed to turn it into a career. I made $86,000, and I sat down with my parents. When I first got my first job, I told them my ambitions and what I wanted $86,000 when I sat down with my parents when I first got my first job and told them my ambitions and what I wanted to do. And they were fine with me just staying home as long as I paid the light bill. And when they said yes, I was like... That was three years ago.

What do you make? I make $86,000. Why are you living at home? You make $86,000. I plan on moving out this year. Good. Like yesterday. Yeah. You make $86,000. at home you make eighty six thousand dollars i plan on moving out this year good like like yesterday yeah yeah you make eighty six thousand dollars i know go have a life so what's this got okay now you live on your own and you're 22 and you have a career making eighty six thousand dollars

because we just moved you out now we've got that settled now your dad wants you your help buying a house but you don't live there so why does he want your help buying a house because he can't buy it on his own no my dad um my dad all his life they've been living check to check he's like he's um just for giving you more context he's like six hundred dollars but he pays a1,000 in car payments. He pays $1,000 in car payments? Yes, between two cars. That's why he's living paycheck to paycheck. Okay, keep going. And so with all that and the things that he's told me in passing,

I feel like what he wants to do would actually hurt him yeah more so yeah i agree and just i don't know how to from from the financial things and things that i've learned consuming you know your content and other content i feel like homeownership is like not like a like a real thing currently for him and i don't know how to frame well if he's asking you he's not asking you for financial advice he's asking you to sign on the line to help him get a deal now let's change this okay let's talk about this for a second because there's two different emotional situations with your dad emotional situation number one is you live there emotional situation number two is you

don't live there which is what i'm recommending yeah because once you move out the obligation that you don't have any obligation it goes away then you're sitting down with your dad and going dad i love you um but i i i can't participate in you buying a home because i love you i think you're going to bring harm to yourself until you get your financials cleaned up and i can show you some of the stuff i'm learning if you want me to if you don't want me to and it'll help you get your house but if you don't want me to i understand and but i can't help i can't participate in you buying a house because i think it's going to bring you harm and i love you and i don't want to bring you harm.

Okay. That's a lot harder to say when you live there. Hey, is he going to be pissed when you tell him that you don't want to sign? Oh yeah, definitely. I don't, I personally don't think he's very prideful. I don't think he's going to be pissed at all. Like what he's told me that he has saved, like from all the years that he's worked, he's like, he does. I know for a fact he doesn't have the cash for a down payment yeah and i'm afraid that he's going to make a

stupid decision and pull from his retirement and he might and he's go well and he's got a he's got a car payment then he's beginning he needs to get rid of that and he's building emergency fund he needs to save a down payment whether you're 26 or whether you're 66, those same things apply. And that's what I would tell him. And I'm almost his age. I'm actually older than him. So, you know, I would say young man. Well, the thing you have to accept is even if you frame it the way Dave so eloquently put it, even if you come to him, you say all those things, he still might go and do something stupid you can't it's likely with the way he's been living his life in his age it's likely that he will continue on that same path and

if he doesn't you've just gotta and hear this it's not your fault no his behavior is not because of you okay you helping him do something stupid or him doing something stupid on his own is, you know, he does something stupid on his own is not your fault. You helping him do something stupid that's bad for him is your fault. And you've identified that. You know what that is. But it's very difficult for you to tell your dad who is 40 years older than you no it's emotionally hard to do that it's doubly hard to do that when you live there right dude when you move out in your proximity to all this changes you will be shocked at how little you think about this but right now it's

right under your nose you know how, it changes the level of obligation. Yeah. You have an obligation, an emotional obligation, toxic though it be, to help your dad. Okay? You have a double obligation to help your dad if you live in his house. Right? You follow me? Mm-hmm.

Both of those obligations do not bind you to doing something that harms him. And we're all three in agreement that this is harmful to him. Yeah. Buying a house when you're broke, Keyshawn, is not good for you. It causes you to get broker. That's why we call them brokers. That's it, man. I mean, you've heard me say that a thousand times. And so I want your dad to get a house, but I don't want his house to get him.

And I sure as crud don't want it to get him and his newly successful young son. I'm so proud of where you are, and I don't want you to get chopped down as you're in a growth spurt yeah this is going to chop you down young man don't let it do that and and your dad doesn't mean to do that but he doesn't know any different and he's just flailing around and he thinks buying a house is going to make everything better and it's not it's going to make everything worse for him and if you get involved it's going to make everything worse for you and And if you get involved, it's going to make everything worse for you. And you're on a roll. You need to rock and roll and go get you a place like this week.

This week, man. Go get you an apartment this week and set you up a life and get yourself strong. And then if you've got a big old huge pile of money and you've got a million dollars and your dad is 82 and he never changed his ways and he's still broke and he can't buy groceries, you can afford to buy him groceries. Dave, I feel like there's been a theme all three hours of parents, parents just messing up. It's parents stealing money from their kids.

It's parents taking out credit in their kids' names. It's parents wanting them to co-sign. Whether I co-sign on that loan with you or the kids co-signing on the loan with them, it's just parents. Parents. Misbehaving parents. Yeah. So if you guys want to label this particular episode for YouTube, it's called Misbehaving

Parents. Yes. What happens when parents misbehave? Man. Well, let me tell you, you screw your kids. You do. That's what happens when parents misbehave? Well, let me tell you, you screw your kids. You do. That's what happens when parents misbehave. And they put, they have to go back. And your job in life should be to do the opposite of screw your own kids. It's just, it's sad, the energy that they have to put in to unravel all of this, whether it's

having to call credit card agencies or, you know, call the bank or call the police and say, no, it wasn't me that spent the money. It was my dad or no, it was my mom. It's unfair. A criminal stole because stealing someone's identity is fraud. It's a federal fraud if you do it with credit cards. It's fraud. And if it was anyone else.

It's criminal fraud. It's a crook. If someone does it in russia and they steal your identity we go oh the russian mafia is a bunch of crooks if your own dad does it you go well i'm paying it back because my daddy stole my identity no your dad is a freaking criminal he's a crook you need to file a police report on it isn't that crazy how we'll let our own family treat us and you wouldn't i dare ever let somebody on the street treat you that okay i know that's right if it was anyone else behaving parents misbehaving parents misbehaving parents

and some with just out and out malice yep and it causes the kids to question their... She sold his lawnmower. I can't even get my head around that. I know. Her 13-year-old, I know. Wow. This is The Ramsey Show. Jade Walsh Hall, Ramsey Personality. Open phones at 888- two five five two two five

caleb is with us in indianapolis hi caleb welcome to the ramsey show hey david jade how are you better than we deserve what's up uh so i'm 23 and i just got married a month ago and uh my life is building a plan thank you um we would be on baby step four to six, but I'm trying to decide how do we best invest as a new married couple? Well, as a new married couple, if you're on baby step four, five and six, then you would just work the plan as it is. So you would invest 15% of your income. Of your household income.

So we're currently investing 10 to 11 in our separate rot or ross through our jobs and then we have extra money on top of that that we could build that up to 15 or start putting towards a house fund we don't own a home yet i'm trying to decide is it best to put that towards a house or with the volatility of the market right now store that away in stocks and bonds. You could, I mean, you could definitely do them both at the same time. If you're like, Hey, I want to invest 11% and put, you know, what X amount towards a down payment.

You could do that for a little while. I wouldn't do that long-term. How long do you think it would take you to save up a reasonable down payment? So we actually have a lump sum on top of our three to six months that we can either put towards the house right now or throw into different savings accounts. What's the lump sum? We have $35,000 on top of our three to six months of, it's actually a six month emergency fund with a six-month emergency fund with a two-month working capital fund.

Yeah, way to go. You've done a great job. Yeah, I don't have any problem with you continuing to build some cash for a little while, but probably in the next 12 months to 24 months, you're going to buy a house. And so let's stack cash until then on top of that 35, put down a good strong down payment in 18 to 24 months.

And then kick your Baby Step 4 up because you'll be done with Baby Step 3B, which is what we call saving for a down payment on a house, if you didn't know. And then that sets you up for, you know, back up to, then you would get up to 15% of your income going to retirement at that point. So did you say that you have Roth 401ks? Is that what I heard? Yes. Yeah, so I split mine between a pre-tax and post-tax account, whereas she puts all of hers in a pre-tax fund. I would put it all in post-tax Roth IRAs. Yeah.

You have Roth available or post-tax Roth IRAs. Yeah. You have Roth available or post-tax? The Roth 401k. Yeah, if it's Roth, you need to do all Roth. So after you guys both max those out, are you saying that there's still money left? Yeah, he's saying 11% is going in there. And he's saying... We are currently putting about $1,500 a month

into our different retirement accounts. And then based on our current budget, we are storing away an extra $2,500 a month on average. Yeah, good for you. That's great. We put that towards the house. That's another $30,000 in a year. Mm-hmm. So that puts you at $65,000 down payment a year from now.

If we were to split it, would you recommend throwing it into the mutual funds that you guys discussed? Nah. Or would you put that into some the mutual funds that you guys discussed? Nah. Or would you put that into some sort of bond ladder? I wouldn't do either one. I'd just go high-yield savings because you're going to do it in about 12 months. Okay. You get a high-yield savings because we're not trying to make a bunch of money on this. The money that's going to be in this account is coming from your pocket, not from interest.

Okay. Okay. I mean, the amount of interest, physical physical interest that you let's say you make 10 on 60 000 you made 6 000 if you make 5 on 60 000 you make 3 000 neither one of those numbers causes you to buy a house the number is 65 000 because you put 65 000 in there not because the bank added three or six you follow me okay so your rate of return in a short period of time like a 12 month window is almost irrelevant okay mathematically speaking you know and so you can get caught up on oh a bond ladder or

you know a series of hr do i do the s&p it doesn S&P. It doesn't matter. I mean, it doesn't matter because you're not in there long enough for it to matter. That's right. Because, again, 12 months from now, you're going to be sitting on $65,000, $70,000 with a down payment, and you're going to buy a home on a 15-year fixed where the payment's no more than a fourth of your take-home pay. Dude, you're in charge. That's awesome.

I love it. And then he's going to be putting his whole 15 to his roth 401ks love it it's great yeah and if those if those are max then he can go over to regular personal roths in good mutual funds i still get to 15 once he gets the house purchased bellamy is in washington hi bellamy how are you good how are you better Better than I deserve. What's up? I had a vehicle, and it's now I can't, my mom can't afford it anymore, and so I'm going to buy my first vehicle, and I'm going to keep this vehicle for five to seven years, and so I didn't know what a good applicable down down payment or amount that I should have. How old are you? I'm 20 years old okay and I'm currently in college but I have no

student loan debt all my family wanted me to get a loan for the last 3k this year but I said no and I'm paying for it myself. Great I'm proud of you work. Do you have any money at all for a car? I told my mom that I needed till December because my last school payment is in November, and it's going to be $1,000. So I told her I needed till December to start saving, and then I told her the latest I would be would probably be February because I have to start after that saving $10,000. And can she let you drive this car until then? She said that that would be okay. Okay.

So by February, how much money will you have to buy a car? I'm hoping to have at least $5,000. Good. Buy a car for five thousand okay so i shouldn't do a no or anything no last thing you need is a car payment you're broke yeah i mean you got you're barely nipping and tucking and getting this doing double backflips and twists and everything else and getting this tuition covered i'm proud of you go. Add a car payment to it, you might not be able to make that. Well, this is the last payment in November, and I'll be completely student loan debt-free.

That's great. And then I have a little bit of a gap until next October, until nursing school. And so that's when I wanted to kind of build that $10,000. Yeah, good. And so we don't need a car wanted to kind of build that $10,000. Yeah, good. And so we don't need a car payment. We need to build $10,000.

Yeah. The car payment gets in your way of doing anything you want to do in this life. So get you an inexpensive $5,000 car, or however much money you have by February. If you've got more, you can spend it all on a car. I don't care. But now let me ask you this. Your mom has done this car deal. Where's your dad? My dad lives up in Bellevue, Washington. Does he know, do you have a good relationship with him? I really, uh, we're,

we're good. Like I guess we're friends. Okay. Does he, does he know anything about vehicles at all um yeah okay maybe he can help you or someone else can help you but what i would suggest what i would suggest you do is you look for a car that is not pretty okay but it is very reliable and has low miles and has a lot of life left in it so i don't care about the sex appeal of this vehicle as a matter of fact it might be the kind of vehicle you need to give a name to old blue big red bertha i don't know let's give this car a name but it's it's it's the dinosaur it's the thing that's reliable and everybody kind of snickers about the way it looks because, Bellamy, you ain't picking up boys with this car. You're living life.

I have a boyfriend, and we remodeled an RV, so I don't have any rent. I have to say I just have to pay $400 for a spot, and we're 20 and 21. Okay. Well, so my, my point though is that you, you need to get a car that's reliable and that you don't care what people think. That was my point. Okay. I'm sorry. That was funny. So she doesn't have to worry about getting boys in this car because she's already got somebody. I know. I already got that covered, Dave. Dave, you and me. I think I missed that. I lost that one.

Okay. This is the Ramsey Show. Our Scripture of the Day, Ephesians 2.10. For we are God's handiwork, created in Christ Jesus to do good works, which God prepared in advance for us to do. Kimmons Wilson said, every once in a while, a new technology, an old problem, and a big idea turn into an innovation. Kimmons Wilson, by the way, founder of Holiday Inn. Open phones at 888-825-5225. Robert is in Atlanta, Georgia.

Hi, Robert. Welcome to The Ramsey Show. Hello, Dave. How are you doing? Thank you for everything you do. Thank you. I'm proud to speak to you. I read your books.

I recently, a friend of mine put them on in the gate and I read it. Thank you. And I'm a retired military guy and just recently retired, served 26 years in the 9th and 10th military, Air Force, Marines, and Navy a little bit too. Thanks for your service. And I've been trying to kind of figure out where do I stand in your kind of the baby steps, so to speak, because I've been doing things as a military kind of guy, a little bit out of step, so to speak, because of the fact that we moved so much and you know couldn't buy a house and all

those kind of things so as of now I'm like you know my kids graduated from college both of them both of them took on a little bit of student loan so what you said not to do so I'm trying to help them through that you know they're kind of trying to find their way to work now I have some debt but I'm in my second job now. I have pensions. My wife is also a retired military person, too. So she has a pension, too, as well. And she's working, too, in her dream job, her second retirement job.

And I just don't know how to deal with, you know, working debt and where I stand in as far as which I'd be applying to Baby Stepwise. You stand just where everybody else stands. The only thing is you have four sources of income going into your budget, two military retirements, thank you for your service, both of you, and two jobs, all going on the top line of your budget. That total dollar amount is your monthly budget. And then you apply that monthly budget to living

and making progress on the baby steps. How much debt do you have? Well, $40K in a car for me. Another wife has $50K in a car. I bought a house for $500K. And I've got about $45K in credit cards. What's your household income? I've got, well, I've got $300K plus in TSP.

No, household income. Oh, household income? I've got, well, I've got 300 plus in TSP. No, household income. Oh, household income. Now, what's your two retirements and your two jobs add up to? Including my pension, my disability and stuff, about 310K. Great. That's all four, that's two jobs, you and your wife and you and your wife's income. Yep, that's her job, my job, my retirement, which I get now her retirement, and my disability. And she gets retirement, right? She gets hers in about three years. Oh, so she doesn't have military retirement coming in yet.

Okay, so you've got $310,000 income000 income and you got $150,000 in debt. Yep. What would happen if you lived on $150,000 of that and paid the rest off in debt in a year? What was that question again? What would happen out of that $310,000 income? What if you decided, you know what, we're going to live on $150,000, which by the way is more than double the median average income what if you decide you're going to live on 150 and take the rest of it and pay off your debt and be debt free in 12 months that's what my goal is i've kind of got one of those apps and look at your kind of every like what your budget app is to try to say just pay my debt just i can live off my pension right now period and just use my working money, because my working money is like $200,000 for my job.

I'm a physician. I paid off $250,000 of medical debt, I mean, for my student loan. So one thing is like, should I be using my working money just to pay off? You should be using every dollar you can squeeze out of your budget to pay off your three debts, your two cars and your credit card debt and you cut up your credit cards now you don't have any payments but a house payment you make 310 that's pretty sweet and now we're in a position to build an emergency fund of three to six months of expenses baby step three baby step four is 15 of your income going into retirement and so we're going to add to

your retirement income by creating an actual nest egg not just a pension a pension is fine but it dies with you and so um so you need in addition to having a pension you need to build a nest egg and the great news is you make a lot of money and so you should be able to build a substantial nest egg build some wealth man become wealthy now since he has that pension would you still have him invest 15%? Yep, absolutely. 15% until we get the house paid off. When the house is paid off, we don't worry about the kids.

They're done. Baby step five is X through it. And then baby step, then get the house paid off. When the house is paid off, we just build a big old pile of wealth and create a big old pile of generosity and a big old pile of enjoyment and all of that. That's what this is for. So, again, thanks for your service, guys. You've done a great job.

Now let's clean this mess up. Cindy is in Cincinnati. Hi, Cindy. How are you? Hi. I'm doing good, Dave. How are you? Better than I deserve.

What's up? Well, I'm 66 years old and I own three houses. I went through a divorce a few years back. Sorry. Anyway, I ended up with three houses. I actually ended up with two houses and I continued working. And my son lives in one house. He has four kids, single dad.

And I rent that to him and let him take care of that house. So then I ended up moving out of the house that I was in and bought my neighbor's house right next door. Because it looked more of a retirement home that I wanted to be in. And I had been fixing up the other house. But I kind of got into the Airbnb business to bring in some income while I was fixing that up and to help, you know, do some renovations. So I make about $50,000 a year off the Airbnb and my job, my day job that I'm at is at risk right now. I'm afraid we're probably going to file bankruptcy. What do you make there?

About $98,000. What do you do? I'm in purchasing. Okay. All right. Among other things, I'm the jack-of-all-trades there. Yeah. Last man standing, huh?

Yeah, that's hard. I've been there 32 years. I've been there a long time, and I've got a GED, so I'm blessed that I have what I have. How old are you? 66. 66. So what's your question? Well, if we file bankruptcy, I owe $270,000 on two of the houses,

and I'm thinking about taking my 401, part of my 401, and paying everything off. How much is in the 401? $700,000. I would. So the other thing is I could, but I rent the Airbnb, and if I keep that house, I could sell that house. You can if you'd rather have the 401K or the house. The house doesn't mean that much.

It's just it's got a good income of about $3,000 to $4,000 a month. Which one would you rather have? I don't care. But if you're going to keep the house, pay them off. Well, I can't keep the house. Well, I pay them off as I, you know, as I, the income that I come off of the Airbnb. Yeah. Pay them off.

I mean, I'm paying that down. Yes, you asked if you should take the money out of the 401k if you get laid off and pay them off. Yes, you should. Okay. Because you've still got plenty of money in the 401k and you've got three paid for houses. The only thing that's left hanging in the air is I have this sinking feeling that you're really not charging your son much rent at all like 50 or something stupid so when is your son going to create a sustainable life for himself uh i ask him that every time well every time every time you don't make him. Yeah. Okay.

He is definitely, let's say, sore subject for sure. Yep. Yep. And that's costing you more than everything else we're talking about put together. Because you've got a big old pile of money tied up over there and got zero return on it except what it's going up in value while he lives there and probably doesn't even do the maintenance well he does do the maintenance and he does help me on mine so there is some pluses to have them there but i've got four grandkids so you know i could ask them to move but i you know i choose to uh not just so they have a place to live. Darling, they'll have a place to live. You're not making your grandbabies homeless by making your son be responsible. That's just not true.

Don't tell yourself a lie. That's not true. It is time for him to move up the ladder in his life. I'm worried about him right now. I kind of think he needs a little bit of a callus or two. Just listening in, just listening in and loving you. Hey, thanks for calling in. That puts us out of the Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily

with the Prince of Peace, Christ Jesus.