The Ramsey Show - App - What Has to Be True for You to Win? (Hour 3)

Episode Date: August 7, 2019

Home Buying, Insurance, Savings, Debt, Budgeting   Tools to get you started: Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE   Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

🎵 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. Our phone number here is 888-825-5225. That's 888-825-5225. Mary starts off this hour, and Mary is in Michigan. Hi, Mary. Welcome to the Dave Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up? My husband and I

are debt-free other than our home. And last year, we bought a home on a 15-year mortgage at 4.8%. And we have the opportunity right now to refinance on a 10-year at 2.99%, the mortgage payment would still be less than a quarter of our take-home pay per month, but the closing costs are $2,600. Okay, and what is your loan balance? The loan balance is $144,000. Okay, so if you save 1%, which is about what you're going to save a year,

save a touch over 1, okay? So 1% is $1,400 a year. That's what you're going to save by doing this. It costs you $2,600, so it's going to take you two years to break even. $2,600 divided by $1,400. Okay. And after two years, you'll have gravy on the biscuit. Right.

Over the life of the loan, we'll save about $25,000 in interest. That's if you keep it 10 years. You won't keep it 10 years. You're going to pay it off earlier than that. Exactly. That's the plan. Yeah. So you're not going to save $25,000.

But you are going to save money by doing this. You'll probably save probably north of $10,000 if you stay in the home and if you pay it off early. If you take the entire 10 years, it'll be $25,000 if you pay it off sooner. The sooner you pay it off, the less your savings is, obviously. Let's say that you had a windfall coming and you were going to pay the whole thing off within two years. Well, you're barely going to break even in two years, so you really wouldn't do that.

Right. whole thing off within two years well you're barely going to break even in two years so you really wouldn't do that right but in your case you're probably looking at a five to a seven year plan uh something like that on this 10 year mortgage am i right correct yeah and so you know you're going to save 1400 bucks a year for well not quite because the balance will be going down but a thousand to two a thousand to1,500 a year for five years. So, you know, this is between $5,000, $10,000 is probably what it's going to make you. Yes, I would do this. Okay. Let me ask you something. What is your value on this home?

About $340,000. I would check with your local credit union or your small town bank, community bank, about a fixed rate. That's a big thing. Home equity loan. And see what kind of rate they'll quote you. If they'll quote you a three or a three and a quarter fixed rate with zero closing costs. You have so much equity, you might be able to get a no closing cost home equity loan. Yes, that's something I've thought about, but I didn't know if that is in your plan. Oh, yeah.

I mean, the bottom line is you're going to pay the thing off anyway. Now, here's the trick, though. A lot of the home equity loans are variable rate, and a lot of them have a balloon or a call after 24, 36 months. I don't want any of that. I want a 10-year fixed rate home equity loan for 3% or less, and no closing costs. If you will give me that, I'm going to go with you

rather than a mortgage company. Okay, sounds great. I think you might be able to find that at your community bank or your credit union in the area. Mortgage companies aren't jumping up and down excited about routing a $140,000 mortgage anyway. It's not a mortgage they're dying to do. There's not a ton of margin in it for them. But if you can't find it, then I would still do this deal that's in front of you. But I'm going to ask for a home equity loan because you're sitting on so much equity,

it becomes a no-brainer. Zero closing costs, fixed rate, 10 years. That's your requirement. Of course, it has to be 3%. And if it's 3%, we're doing this deal. Now, that makes this thing make money from the moment you do it, from day one, because there's no closing costs you're trying to break even on. So very cool. That's a good idea, Dave.

All right, Susan's with us in California. Hey, Susan, what's up? Hi, Dave. I am so honored to talk to you. You have changed my family's life. You're very sweet. You changed your family's life. I just showed you how.

How can I help? I have a question. I live in California, in Southern California, where we have earthquakes. So I have earthquake insurance because I paid off my mortgage a few years ago. And I'm sitting on a house that's worth $800,000. Yes. And the minute that happened, I went, ooh, this is scary. Yes, I would get earthquake insurance.

Okay. I've wondered that. I've been paying it for two years, and every time I go to pay my, you know, I pay it in three parts a year, and I'm like, gosh, is it worth it? Because, you know, the co-pay on it is brutal. Yeah, it's... It's about $125,000. Yeah, but you're still getting $700,000 worth of coverage or whatever their difference or...

Yes, I would have that if I lived there. Great to know. Love you. You are a blessing. Thank you, darling. We appreciate you calling in. Now, I live in Tennessee. I don't have earthquake insurance.

But we don't have a history of earthquakes. Where she's living has a history of earthquakes. So that would make sense. I do have tornado insurance. We have a history of tornadoes. Like every day this time of year. They're everywhere. Open phones at 888-825-5225.

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It is going to be a huge book. It's selling like crazy. Why? Because everybody in America knows that we still do think education is important those of us that are intelligent we think education is important education in a proper field of study that actually has use in the marketplace that's a big deal and we're sick of the student loans the whole culture is sick of the student loans we have a student loan plague in america and here's the thing we've now convinced an entire generation or two that you can't get a

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This is The Dave Ramsey Show. Are high health care costs getting you down? Are you confused trying to navigate your options? Do you wish you could find an affordable, biblical solution to your health care costs? Based on New Testament principles, Christian Health Care Ministries, or CHM, helps Christian families, churches, and ministries join together as the body of Christ to share their major health care costs. Christian Health Care Ministries is the original health cost-sharing ministry. A Better Business Bureau-accredited organization, CHM members share

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Hey, Danielle, how are you? I'm doing well, Dave. How are you? Better than I deserve. What's up? I was calling because me and my husband, our employer, just recently switched 457 deferred providers. So we previously had two separate accounts, and we were just putting in like $25 per check because we're still in baby step two, but we should be out of baby step two here within the next probably six months. So I wanted to look ahead into what to do with our retirement account once we start contributing and build up our six month emergency fund. And the new company that our employer switched us over to has a rate of return probably

less than half of what we were getting on our previous 457 and they can't match the same funds that we were into so i wasn't sure what the best way to invest our money in as far as that goes because my husband would like do they have anything other than a 457? They don't have a 401k and a 457? No, we work, we don't have 401k. We are, we work for the local county and our employer pays into PERS for the employee contribution and the employer contribution. So we do have our PERS accounts, but we cannot contribute extra into our PERS account. Right, you don't want to anyway. Yeah, you don't want to put into that anyway. Okay, so what I would do is just do Roth IRAs on your own in good mutual funds.

So would it be best to invest them, both of ours, into one account or keep them separately? Because he wants to do them into one account, which, I mean, I can't disagree with him. You can't. You individuals have to have individual. They're called individual retirement accounts. You can go to OneSmartVestorPro. Click SmartVestor at DaveRamsey.com. Put in your information.

It'll drop down the list of the people that do mutual fund investing in your area that we recommend. I'm not in that business, but these are people we've vetted and have the heart of a teacher, and we'll sit down and teach you. But each of you will have your own separate account but it can be with the same broker for that matter you could choose the same mutual funds if you want to i wouldn't suggest that but you can and so for instance my wife has a roth ira i have a roth ira they're both with the same smart investor pro they're both in the same family of mutual funds, but different separate mutual funds. Okay?

Okay. I just heard a few calls ago that you can only invest up to, or maybe it was one of the Chris Hogan talking about how you can only invest up to $6,000 per year. Per person. Per person. thousand per year per person per person it what if if you you suggest doing 15 of our income once we've met that um six month emergency fund and 15 of our income would be higher than the six each so i would do this i would start with the six each let's do that if you have nothing else available to you then i would look at the 457 for the rest of it and try to pick out the best possible options in there.

Or the only other option you've got is not in a retirement account but just investing in mutual funds because your 457 sucks so bad. You know, if it's that bad that you just don't want to put money in it then it's just that bad so open phones at 888-825-5225 lace is with us or lace hi lease how are you hi i'm good thank you my call sure how can i help good um so my husband and're going to have to speak directly into your phone, honey. I can't hear you. Can you hear me? Barely. Try again. Okay, we're going to put you on hold, and we'll figure out what's wrong with your phone, and we'll come back to you.

All right, Rachel is on the line in Wisconsin. Hi, Rachel. Welcome to the Dave Ramsey Show. Hi, I'm doing great today. How about you? Better than I deserve. What's up? I just kind of had a question looking

long term about switching houses uh my husband and i are saving up to plan uh to buy a condo about 100 to 120 000 next year and then we're going to move three years after that and so just wondering how do you save for that and plan for that second house you know what's coming just like you saved for the first one are you paying are you paying plan for that second house you know it's coming just like you saved for the first one are you paying are you paying cash for the condo uh we're trying to we're trying to hopefully save about 50 to put down and then to pay it off within the next year or two after that excellent way to go well first thing i would do is just get it paid off because obviously you can sell it and get all your money out of it when you move to the next one.

So that's a great savings plan is just paying your condo off. Beyond that, you're just saving money for an additional amount of money to put on this. If you're saving for a short period of time, three years or something like that, I would not use mutual funds because the market's too volatile. It goes up and down way too much. Okay. So it would be more pay off the condo, do the 15% towards retirement, and then just put everything else pretty much in savings, getting ready for the next move? Exactly.

Exactly. Just keep it clean. Keep it simple. It doesn't have to be complicated to be wise. As a matter of fact, most wise things are fairly simple. Good question. Thank you for joining us. Lee is next. Lee is in North Carolina. complicated to be wise matter of fact most wise things are fairly simple good question thank you for joining us lee is next lee is in north carolina hi lee welcome to the dave ramsey show thank you so much uh thank you for all you do thank you how can i help um just got a couple

of questions my father was communicating with me about uh him and my mom have done their wheel and they are getting it finalized and they want to communicate with my brother and I about it. Good. And I just, I had a couple of concerns in that one, he wants my brother to be in charge of the trust, which my brother and I don't necessarily share the same value. So that's a concern. And also, he does not want my wife to sit in on the conversation. I wouldn't expect her to necessarily communicate in the conversation, but I feel like as I— Why? Why does he not want his daughter-in-law in the conversation?

I'm not sure. He wants it to just be me and my mom and dad and my brother. Okay. And is there some kind of, is there some kind of a breakdown in the relationship? Uh, no. Um, the only thing I can figure is that, you know, we've not been, I guess, the best financially over the years we have been through FDU and and we've done a lot of things that I think are very valuable in trying to move in the right step. We've just not been perfect at it, so to speak. So I think he's seen some of that, and he's kind of questionable about that. But I'm concerned, A, all my decisions are made with her.

Well, this isn't really a decision on your part you're just listening to him say what he's going to do with his money correct and and i respect that for sure but it's a little it's a little insulting that he doesn't want your wife in there but i don't know that it's necessary because you're he's not asking you for a decision if he does then you're going to have to say hey i got to talk to my wife before i can make a decision the one thing he has said about the decision is my brother did say that if i did not agree for him to be the one in charge of the trust then we would have to go a different route and that's another thing i'm concerned about is just why does he need a trust he says he wants to make sure that his grandkids are taken care of,

so he wants to work it through a trust in order to, I guess, so that he makes all the decisions for what actually occurs. And, again, it is their money, so they should make all the decisions. And how much money is involved? With life insurance and all, we're talking about $ 500 apiece for my mom and for my dad. But there's a decent amount of land and all. But, I mean, you know, we're not talking about millions by any means. Okay.

Well, I think you can just say, you know, dad, it's your money. You can do whatever you want to do with it. But I really, I'm not okay with it being left into a trust with someone else in control of money that's supposed to be to my benefit my brother and i do not agree on values and i don't think that's a wise thing to do i don't think you have to have your wife there to do that it doesn't sound like this is going to go smoothly though yeah i think that that's your money you can leave it all to the brother if you want to you don't have to leave me any of it. But I really prefer not to be dealing with the trust for the next 20 years and dealing with different value systems.

I don't think that's wise. And it's not my vote. If you're giving me a vote. This is the Dave Ramsey Show. Our question of the day comes from Blinds.com. They have a 100% satisfaction guarantee. That means even if you mismeasure, you pick the wrong color, they will remake your window blinds for free. You get free samples, free shipping, and with the new promos they run every month,

you'll save even more. Use the promo code RAMSY to get the best possible deal. Today's question is from Brett in Utah. I'm 56 years old. I just got my real estate license and want to know what the best way to get started and be successful in real estate is in your opinion. I just started listening and having almost $1,000 in savings and about $30,000 in debt mostly from a business that went belly up a few years ago.

Well, Brett, I would tell you a couple things in the residential real estate business. Number one, I would find someone that is not in your town, that is in your immediate area, though, so it's not very expensive to travel, and ask that is a super uber high performer, someone that's selling a couple hundred houses a year, and ask if, even if you had to pay them, ask if you can come spend the day with them and just follow them around. And before you go, make good use of the day.

Plan and write out in detail many many questions that you want to ask them and and then write out and answer or write down and record all of the answers and spend the day with someone that is excellent in your world and learn what they do and then go home and do what they do. In business, we just call that best practices. It's simply copying someone who's successful, emulating someone who's successful. That's all it is. The second thing is I have found that the most successful residential real estate agents have a coach. There are several coaches in the world out there. Our endorsed local providers that are real estate agents are coached.

We coach them. It's part of the package that we work with them. They're absolutely incredible. They're top-notch people, but you still need to be a super high performer in that world. You need someone in your corner that's urging you on, holding you accountable for the right activities. Because residential real estate is one of the most pure form of sales left. It is straight commission. Obviously, if you don't sell a house, you do not make money. It's that simple. And so there is a direct correlation between the activities that you engage in and your income,

the professionalism that you enter into and your income. So I would study the market. I would know the market. I would study my people skills. I would look at my car. I would look at my car i would look at the way i dress um and you know you're you're 56 years old you've got some sphere of influence you should have some people that trust you out there uh in your area and you know you're going to tap into what is called your natural market to get started,

the people that already know you and trust you. And so study successful people, get a coach, and then manage your activities. Learn what the activities are that create sales. What do you do with your day? What do you do with your hour? And sitting in front of a computer pecking around is not one of the things. There's something somewhere that gets you eyeball to eyeball, kneecap to kneecap with someone who wants to buy or sell a house,

and if you're not doing that, at the moment you're not doing that, you are unemployed. And this is managing your self-employment is what it amounts to. Rich is with us in Illinois. Hey, Rich, welcome to the Dave Ramsey Show. How are you doing, Dave? Thanks for having me. Yeah, I need some help here.

I got another one on the way. I have a $25,000 car loan at a 15% interest rate. I have a $40,000 car loan at a 1.9% interest rate. About $6,000 in personal loans, high interest. About $130,000 in equity in the house. I need to get out of some of these loans and clean some things up. What's your household income? $100,000. You have too much car.

Oh, yeah. You probably need to sell some cars. They're yeah. You probably need to sell some cars. They're underwater. You still need to sell them. I mean, how can you sell them? You borrow the difference. I mean, you're already $30,000 in debt. If you sell it and you borrow $5,000, now you're $5,000 in debt.

But, you know, we need a car, though. Yeah, so get a $5,000 car. I mean, you've got cars here that are absolutely insane your car is on you well you got twelve thirteen hundred dollars in car payments twelve hundred yeah they're eating your lunch aren't they yeah well i'm not eating much of anything but uh you know uh yeah no i mean i need we needed a car but i didn't have money to buy you know yeah and so you bought too much car. Yeah, but, yeah, with a high interest rate. You should have bought a $5,000 car.

Yeah. No, I know there's no doubt about it, but, you know, the damage is done now. It's just trying to get out of the mess of, you know. So what's the $30,000 car? What's it worth? You mean the $30,000 car? What's it worth? You mean the $25,000 car? The one that you said you owe $30,000 on. What is it worth?

No, I owe $40,000 on one. $40,000? And that's, yeah. What's that one worth? What's that one worth? $33,000. Okay. $33,000.

And who's that stupid butt loan with? That's with Ford, but that's a $1.9 interest rate, so there's not much interest going into that payment. You know what I'm saying? You're kind of missing the point, aren't you? Probably. 1.9% is not the problem. $40,000 is the problem.

True. The interest rate is not your problem. The problem is you bought 10x too much car because you were broke. And you financed all of it. So you need to go to the credit union and borrow $7,000 and sell that car or borrow $10,000 and buy you a $3,000 car and get rid of this $40,000 car. Dude, that's, you know, your problem is you got car fever. And you like these cars and you've rationalized it in your head, but there's no way that these

cars fit in your income. This is, you know, these things are tearing your butt off, man, every month. And so, yeah, if I were you, I would get me into a couple of beaters, borrow the money and get out of the difference, and get out of these huge car payments. Suddenly, you're going to have money. It's just going to be amazing what will happen if you do that. I don't think you're going to do it, but it's what you should do.

Hey, thanks for the call. Bridget is on Instagram. Dave, I normally get two paychecks a month. In August, I get three. Yes, we have, if you're paid every two weeks, you have two magic months a year, I call them. There's two months a year that you get three paychecks. I'm on baby step two. What should I do with this extra check?

You always do an individual unique budget each month, Bridget. And so in August, your unique budget has more income in it. And so whatever baby step you're on is going to get that whole check probably so if you're working baby step two and you're working the debt snowball you got a good you know you can make it on those first two checks that last one's going to go ching ching on that debt snowball that's my guess as to where you are and that would be the thing to do you it's usually aug August and usually May that you get your two magic months when you're paid every two weeks. And so it's not really magic.

It's just every two weeks, and there's not 24 two-week periods. There's 26 two-week periods. And so you end up with two times a year that you get an extra check. But your budget, August does different expenses than December does. So you need to do, some of the things are the same. I mean, your rent or your house payment will be the same. If you've got a car payment, it'll be the same. But other stuff will be different. And so you need to do a unique new budget every month before the month begins give every dollar an assignment every

dollar emission every dollar a name so you put your income for that month that is coming up at the top of the page and then you assign every dollar emission every dollar name every dollar a category until you have no money left it is zero based budgeting every dollar is spoken for on paper before the month begins that's where we got the name every dollar for the world's best budgeting app it's free to use every dollar for your phone for your desktop check it out at everydollar.com. Our scripture today, Psalm 127.1 Unless the Lord builds the house, the builders labor in vain. Jim Rohn said, If you go to work on your goals, your goals will go to work on you.

If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us. It's very true. You see, a real goal, when you set a real goal in front of you, not a wish, not a dream, not your mother's dream, but your goal, when you say, this is my goal, once you buy into that and you have a belief and conviction that it can be done and should be done, immediately you start asking yourself, what has to be true that is not true today for me to be there? If your goal is to lose 30 pounds, what has to be true that is not true today for me to be 30 pounds lighter? If your goal is to make $100,000 a year and you make $50,000 a year,

what has to be true that's not true today for me to get there? And so how do I go about getting that? What steps do I have to take? What activities do I have to engage in? What learning do I have to take? What activities do I have to engage in? What learning do I have to do? What books do I need to read? What classes do I need to take? What peer groups do I need to plug into?

What peer groups do I need to move away from? What has to be true that is not true today so that I can be a better person in that area next year, the year after next, and the year after next? And when you do that by degrees, you don't just have one year's experience 20 times. You end up with 20 years experience, which means you've gotten progressively, incrementally better during that time. Very, very important. Kylie is with us. Kylie is in Virginia.

Hi, Kylie. Welcome to the Dave Ramsey Show. Hi, Dave. Hey, what's up? Okay, so my husband and I are looking to build a house, but not for a couple years because we want to save our money. And he has an investment that he's had since before we got married. And so it's not a lot of money, but it definitely could cover the build of our house. And his investment person said, when you guys get there, we'll talk to you about it, but I don't think you should use all of the money because not very many people ever get the chance to say

that they have this much money in investments or in the bank. Oh, horse crap. You need a new investment person. You need a new investment person. The only purpose of this investment is so that you get to live your dreams. And if your dream is buying this house, buy this house and pay for it. How much money is in this investment? It's about $200,000.

Good. That's wonderful. And so how much money will you save in addition to that during the time we're talking about? Probably another $100,000. So that's $300,000. Do you own the home you save in addition to that during the time we're talking about probably another hundred thousand dollars that's three hundred thousand do you live do you own the home you live in now we're renting now okay and what is your household income right now it's fifty thousand dollars but my husband's getting out of school and so it will jump to about a hundred thousand dollars and we've been living on 50 just fine, and so we'll continue to live on 50.

Look at you. And then a couple years down the road, we'll have our house. Okay, so you're going to pay cash for a house that's $300,000 or less? We would love to. That is the goal. I think you're there. Okay. Now, here's the thing, okay?

Let's reverse engineer this and see how stupid it looks, okay? Let's say that we went with your stupid investment advisor's idea. Okay? And you put $100,000 down, and you borrow $200,000 so that we can leave his investment alone. Mm-hmm. Which is the only way your investment advisor continues to get a commission on that investment, by the way. Mm-hmm. Hint, hint.

Okay. But, effectively, what you've done is you took a paid-for $300,000 house and you borrowed a $200,000 mortgage on it in order to invest money. Yeah. That's stupid. I agree. I just needed some peace to back me up in this. I gave you more than peace. I gave you sass.

Yep. Well, thank you. Thanks for the call, kiddo. You're doing great. Congratulations. Aaron is with us in Kentucky. Hi, Aaron. How are you?

I'm doing well. How about yourself? Having way too much fun. How can I help? Well, I'm a youth pastor over here just south of Louisville, Kentucky. And my wife and I have a little bit of debt, not a whole lot. Most of it's just a car payment and some medical bills that we occurred towards the beginning of this year. She had some issues.

And, you know, that happens. But I'm out of place. I have a pretty decent job. You know, it's just the two of us. We don't have any kids right now. The church doesn't pay us anything right now. That is a goal down the road. But just right now in this phase, it's just not possible.

So I do work outside the church. What do you make? Roughly about $2,500 a month, which isn't bad. But my goal, what I want to do, is to be able to start a business that I can hopefully grow to where it makes us a good living, where the church wouldn't ever really have to pay us anything. Doing what? Well, I've got a couple ideas.

One is either to do a lawn care business, try to build something like that, or I'm pretty good at photography. The only downside is between church and work, I don't have a whole lot of time to devote to it. But at the same time as well, we don't really have any money to start a business, and I don't want to get a loan or anything like that. You don't really need a lot of money to start either one of those. You need a camera or a lawnmower. Right.

And then you've got to hustle clients after that. Right, right. Well, and that's also the other thing, too, is just finding the time between work and church. Yeah. How many people in your church? We run roughly about 100 to 130 on Sunday morning. Okay. We're a small church.

Yeah, cool. Well, that's a good place to start. Since they don't pay you as a youth pastor, a lot of them would be willing to hire you to do photography or to do their lawn care sure yeah and then you've just got to figure out how to budget your time i suspect you can make more than you're making at your day job uh and at photography or lawn care if you could get the business built up. Right, right. That's my goal. And really not to even spend as much time doing it, being able to build it up enough where I'm making a decent living for my family

but I can really work at the church, which is where God's called me to. I'm a preacher. That's where we're at. But, you know, I've got to provide for my family. And we would even love to be able to make enough outside of church where when church needs things to just be able to say, all right, preacher, we've got this, we'll take care of it, you know, things like that. Sure, that would be wonderful to be in a position to be outrageously generous,

but you've got to take care of your own household first. Scripture says that, and you're right about that. So very well done. Yeah, I think you explore either one of those but the thing is you just started on the cheap business has more to do with hustle and grind than it does equipment really you don't have to spend ten thousand dollars on a website i mean you can you can start taking some pictures and pop it up on a pretty simple uh pay web page and begin to get some attraction that way.

I mean, you can buy a basic used lawnmower for a few hundred dollars and get started and go make some money and then upgrade the lawnmower and make some money and upgrade the lawnmower and then make some money. But you can get started with basic camera equipment that's not that expensive, and you can get started with a basic lawnmower that's not that expensive, and then go prove yourself by getting a bunch of clients. But the people in business that make the most money and that have the best businesses are the ones that don't spend money to cause the business to grow until they have the business growing and making money. Then they spend that money to grow the business to grow until they have the business growing and making money. Then they spend that money to grow the business. I was in a meeting here at Ramsey Solutions this morning.

We're discussing the exact same thing on a new issue we're looking at. So we've got to make it make money, boys. You can't go broke making a profit. That puts this hour of the day, 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. Hey, it's Kelly, associate producer and phone screener for the Dave Ramsey Show. If you would like to do your debt-free scream live on the show, make sure you visit

DaveRamsey.com slash show and register. We would love for you to come to Nashville and tell Dave your story.