The Ramsey Show - App - What Is My Best Next Step? (Hour 2)

Episode Date: October 18, 2023

Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, host of The Ken Coleman Show, number one best-selling author of the book Paycheck to Purpose, our Ramsey personality that works the most on careers and jobs, is my co-host today. We're going to talk to you about your life. The phone number is 888-825-5225. Caleb is in Richland, Washington. Hi, Caleb. Welcome to The Ramsey Show. Hello. Thank you guys for taking my call today sure what's up all right so me and my wife are 22 years old um we're gonna have a baby next year in the end of March congratulations thank you very much we're gonna move to Tennessee next year in

the beginning of July um I'm a I'm currently a route service representative and my wife is an office coordinator our income right now is about 75 and once we move to Tennessee if I stick with the company our income will go down to about 36 I also do online fitness coaching on the side I would like to have that as my full-time career, but I'm not sure if I should continue doing that whenever I move to Tennessee, still do my

full-time job, and hope that it works out and turns into something that will provide for my family, or if I should switch careers, go to college, and find something different. How much money are you making right now in the online coaching business? About $200 a month, so still currently in the beginning stages of it. When you say, how long have you been doing it? Since the beginning of this year. Okay. So I wouldn't even call it, I'm going to be very kind, but I want to be realistic. I mean, you've got a lot to learn before we can even begin to have a serious mental conversation of,

okay, what must be true for me to go full-time into this? You got to keep testing this. You could have delivered pizzas two nights a month and beat this. Yeah. This is not a business right now. This is something you've tried and it's not working. So let me step out of this for a moment and say, anytime you've got a side gig and you're wondering, what do I do or when should I move from full-time job to side gig? It's when the side gig is paying you the same amount of money or pretty darn close to the same amount of money as the full-time gig.

And I like to see three to six months of salary inside gig bank account. Now, that's just my starter advice of that's what must be true for you to move into this online fitness coaching. But you've got a lot of work to do, and so I'm scared about you going backwards in Tennessee. Why would you go? Why are you coming to Tennessee and moving backwards? So if I were to stay in the company, they pay less than what I'm making here,

so it's strictly based on location. I can make commission. And you're running a route, you said? Correct, yes. For who? What do you do? For Unifirst. So we go to companies and provide them with mats and uniforms and cleaning products. Okay.

All right. So you have an entry-level bad job, and when you move to Tennessee, it pays even less. Correct, yeah. Okay. All right. I don't have any college experience either. Why are we moving to Tennessee, it pays even less. Correct, yeah. Okay, all right. I don't have any college experience either. Why are we moving to Tennessee? To go with family, basically. To go with family? Yeah, so my wife's sister and brother-in-law are already over there, and her whole family,

including us, are kind of doing a mass exodus out of Washington to Tennessee. All right. Well, let's address the school issue because this is the default for most people. Well, do I go get a degree so I can make more money? And I'm not sure that you can afford to go to school. Do you guys have any debt at all? $10,000 in the car. Okay. How much in the car?

Oh, the 10 is in the car. I thought you said $10,000 and the car. Debt-free. I mean, debt on the car? Ten. Oh, the ten is in the car. I thought you said $10,000 and the car. Debt-free. I mean, debt on the car. Hey, let me ask you this, Caleb. Okay, you guys are 23. Ken, in my mind, I start thinking about a new baby coming, and I got a little bit panicked if I'm him.

I got to go make some money. Like, this just got real, this adult thing. And I'm going to be in a state that's unfamiliar. I'm making a move with a brand-new two-month-old, three-month-old baby at that point. I would first probably, if it's me, I'm just going to go figure out a way to make the most money in the shortest period of time first.

Then second, I'm going to try to figure out the what i'm supposed to do long term and move towards that yeah that's where i was going with all these questions you need to get settled and settled is i gotta be making seventy five thousand dollars uh is you know or and you don't need to change our life and so we get in tennessee get in the zip code we get a job or two jobs, my friend. Or three. Or three to take care of mama and baby. And we want to, again, not go backwards financially. To be honest with you, this cost of living is going to be way less anywhere in Tennessee,

I would guess, than most places in Washington. Do your homework on cost of living. Don't just make a move because, well, the brother and sister-in-law are moving, so we're going to go. And I'll just be honest with you, I wouldn't move right away if I couldn't move right away. I'll move to Tennessee when I can move to Tennessee, and the can is determined by the job. Yeah, we'll have about $22,000 in savings by the time that we move, so we'll be pretty set. From where? Saving $1,500 a month. I thought I must have misunderstood your income. Okay.

You're making combined $75,000, correct? Yeah, so we're making about $5,000 a month, and we're putting, yeah, so we're putting about. Well, here's the thing. Here's what I want you to do. I want you to take some of that $22,000, and I want you to buy a couple of round-trip tickets to the area in Tennessee that you're going to be in, and I want you to come down here and get a job. Go get a job. Get a job lined up, or two lined up, or three lined up,

to where you step into $75,000 with a reduced cost of living. It's a net gain for you day one here. And then take Ken Coleman's materials. I'll give you a copy of his book, From Paycheck to Purpose. And let's figure out what your purpose is. Let me go ahead and give you the assessment. Get clear work assessment. That'll help you figure out direction.

But again, please don't step into more money, more time, which is schooling. Let's get a job, get get stable get baby here and then determine direction and then figure out the plan to get to where you want to go that's exactly right dave right now it's too much too many moving parts he's young there's time but let's be smart about this so the the thing caleb and others we want you to hear is knowledge is important, but knowledge that takes you to where you want to go in your career is vital. Sometimes that means going back to school. A lot of times it doesn't. Vaguely, in air quotes, go back to school as the solution to every income problem seldom works.

That's correct. Don't do that. That's like escapism. You're escaping reality. I'm going to go hide on the college campus and not have to deal with the fact that I don't know what the flip I'm doing. That's right. It's like signing up for basketball camp if you want to go to the NBA. One does not guarantee the other.

And so we've got to be smart about this. Oh, that's harsh. That's harsh right there. I'm dealing with the reality. This is The Ramsey Show. Hey, you guys. Health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance, Christian Healthcare Ministries.

CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape. And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs. Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget at chministries.org slash budget. Ken Coleman, Ramsey Personality, is our co-host today.

I'm your host, Dave Ramsey. The phone number is 888-825-5225. Andrew's in Salem, Oregon. Hi, Andrew. Welcome to the Ramsey Show. Hey, Dave. How are you? Better than I deserve. What's up? Hey, I want some advice. You know, I'm a 23-year-old family of four.

My wife is a stay-at-home mom. I have two little kids, and I have some money I've been saving for the last, you know, six years, and I work a full-time job. I make about, you know, a little under a hundred thousand dollars a year. And, uh, I'm on the track to even grow some more. And we're just, my wife's going to college just this winter and it's fully paid for. We don't have any debt, but we really really want we're really anxious to get into a house but we want to know if it's a good idea to you know go and look for a house now or if we should just wait until my wife is out of school and start our looking bend so when she's out of school will she go to work using the degree and increase the family income yes ma'am yes yes sir okay all right so that would change the equation that would change

the equation on what house she would buy based on her new income and out of school so would it it sounds to me like i'm going to wait till she's out of school because I can get a different house. Yeah, I guess. Yeah, because she's going to be a dental hygienist, so her school is all paid for. No, I'm talking about how much you want to spend on a house would change if you had more income, correct? Yes, yes. So I probably want her income in the equation before i pick out a house house okay and well i mean we we just have this a lump of cash we're just sitting on i mean we have it in investment accounts and stuff but what what would be a um a better solution on making

more i'll just sit on it just just make sure it's in a high yield savings because you're going to use it in within two years dude yeah yeah you don't you don't play with this money because you might lose it we want to just sit there let's let that golden egg let it let it hatch okay yeah put it in a good high yield a good high yield savings right now paying five i mean you can get that but um you know that you're not going to get – I mean, you don't need to be trying to – yeah. The main goal is get a house when she gets a job. And we don't want to mess that goal up by putting this money at risk. Yeah, there's a temptation, Andrew, to feel like I'm wasting my money by renting every month

and I'm not getting any ROI on this. And that's just simply not the case here. And I think what you're going to have to do here is switch your mindset from that to, I'm going to get a better house, have a much better down payment with patience. And so put your mindset on that. Patience is not throwing money away. Patience is having more options, better options. Yeah, you're going to forego a little bit of something now in order to get a bigger

something later. That's right. It's a delayed pleasure thing. Yeah, very good. Nick is with us in Lubbock, Texas. Hi, Nick. Welcome to the Ramsey Show. Hey there, Dave. How are you doing? Better than I deserve. How can I help? Good to hear. So I'm a sophomore in college, currently 20 years old. I am currently on an academic full ride, so I don't have to worry about paying for college debt, which is nice.

And I work two part-time jobs, springing about $1,600 a month. I'm just trying to wonder what I should do as far as saving for the future. I want to put it, I have the $1,000 emergency fund, and just kind of want to see what the next steps are and what y'all think I should do since I'm kind of young and it's a little bit of a nontraditional format for people usually at my age. Yeah, agreed. It's not really a baby step thing.

What are you studying? I'm studying pre-law and philosophy. I want to go pursue be a lawyer uh hopefully an appellate lawyer then future judge okay and so you need a lot of money yes sir that's that's where i got to start early yeah so um we're not doing anything except stacking cash are we yes sir that's the plan i'm sad two savings accounts. I have the emergency plan, and then I have one that I'm just stacking cash in. Yeah. Try to pay for law school.

You know, the fact that you got free college with academics, way to go. Also says you got a great brain, and that's going to help you get into law school. Good. Way to go. Fits right in with your goals. I love what you're doing. So what I'm going to do is just do everything I can to pay cash for law school. Yeah, and to that end, what's your GPA right now, Nick?

4.0. See, I want to let you know about something, and you can go check me on this. I interviewed a lawyer from the Houston, Texas area. He's written a small book on this on my show several years ago, and here's what people don't know. With your GPA and your intelligence, if you get a great LSAT score, there will be law schools all across the country, Nick, that will give you a full ride to get a law degree. But it may not be a name brand school. It just depends.

But don't just get sucked into this big-time law school that looks great, has shiny bells and whistles all over it in the brand name. Be aware that you at your intelligence level an lsat score could get a free ride for law school nobody cares by the way where you went to law school so i'm going to point that out a lot of law students don't know that dave because they think it's about the name brand yeah i'm i met with um two attorneys outside counsel on a on a deal this morning and counsel, our in-house counsel, all three lawyers. I know where our guy graduated from because I hired him. But other than that, I have no idea where the other two graduated from.

And let me just tell you, they were brilliant. They were brilliant. I mean, the strategy and stuff we came up with, it was like, ooh, this is going to be fun. And why did you hire them if you didn't know where they went to law school? I don't care where they went. I hired them because i found out who they were and the results they had gotten in the type of a thing i'm hiring them to do they know what the flip they're doing and i don't really care where they went to law school they're brilliant i do know just in

conversation that one of the guys dad was a law professor at mississippi right but other than that i don't know i don't know where he went. Yeah. Isn't that fun? Yeah. So, yeah, that's the deal. So, yeah. I've hired a bunch of lawyers in my life.

I have no idea where any of them went to school. I've hired a bunch of docs, and I got a physical. They have no idea where my doc went to school. And see, the reason that this exists, Dave, is because law schools, there's a lot of smaller law schools out there are just, you know, not as big brand names, but they want sharp men and women like Nick. So they'll give them a full ride so that they can say, Nick went to our place. Yeah, and then he becomes an appellate and then a judge. You know, I mean, there you go, doing appeals. So, yeah, Nick, do research research that out and so our recommendation is i

don't care where you went to school if you get to go free and you get a free law degree to go with your free undergrad there's a philosophy of life mr philosopher that you could live with out there i'm just saying way to go man very cool very cool you're smart stack the cash pay cash and or get a free ride to law school that's the game game plan. And nothing more than that. You don't need to do anything else. Job one is get Nick through this without damage and debt. That's job one. Because, Nick, you are the best investment that you can make.

I mean, mathematically, getting the law degree is the best, and paying cash for it is the best investment that you can make. You can't put money in a mutual fund and get that kind of return. You can't put money in real estate and get that kind of return. Knowledge that is usable in the marketplace is the best return on investment mathematically. Yeah. Here's a question for everybody watching and listening that may be wanting to go the path of Nick. Imagine billing hours right out

of law school that you can save and invest, not pay debt off with. Imagine, just imagine that idea. And it's all about kicking tail on the LSAT. And that's the bridge. Wow. Is that true on the MCAT too? I don't know about the MCAT. I only know on the LSAT because I interviewed a guy who just, yeah, who did it. Okay. Wow. And by the way way you can take the LSAT as much as you want now you got to pay every time but that won't break you if you're going cash so the point is this is does it run an aggregate score or no it's just like much like an ACT SAT the last time you took a super score like ACT I don't know that it but there is a level and and I'd have to look it up, by which you score over and law schools start going bananas with offers. I love it. Love it. Well, there you go, boys and girls. You want to go to school? That's it. What we've lied to people in America,

we told them degrees matter and where you get them from matters. Neither one matters. What matters is knowledge. Not getting knowledge is really bad. Go get knowledge. But it doesn't necessarily have to have a degree, and it sure doesn't need to have a famous name beside it. This is The Ramsey Show. Ken Coleman, Ramsey Personality, is my co-host today. In the lobby of Ramsey Solutions on the debt-free stage, Weston and Haley are with us.

Hey guys, how are you? We're great, Dave. How are you? Better than we deserve. Better than we deserve. Where do you guys live? We live in North Little Rock, Arkansas. Alright. And how much debt have you paid off? $89,920. Dangerously like 90K.

Way to go. Way to go. How long did this take? It took three years. Good. And your range of income during that time? We started $113,000 a year, and we ended at $139,000. Excellent.

What do you guys do for a living? I'm a registered nurse in cancer research. And I'm a healthcare recruiter. All right. Did you recruit her? No. He tried just recently. Not professionally, but you know.

I was going to say. Only with a diamond ring, yeah. Just in high school, I may have recruited her a little bit. A little bit. I love it. Way to go. Very cool. What kind of debt was the 90K?

Oh, here's the area. So I have the story for you, okay so it was my birthday weekend we're at the lake with our financed boat our finance camper finance truck we only owed 700 on the on the truck um but yeah so we had boat camper student loan i think our couch was financed vet bills uh i I mean, we had everything. The dog's in there. Yeah, pretty much everything. The dog. Pretty much everything. And what happened?

Oh, but yeah, so a friend of mine called. I'm a car. I love cars. And so a friend of mine called. And at the time, we only owed $700 on our truck. And he called me and he said, hey, do you still want a Cadillac CTS-V? And I'm like, well, of course I still want a CTS-V. And he's like, well. Who wouldn't? Right? Yeah? And I'm like, well, of course I still want a CTS-V. And he's like, well.

Who wouldn't? Right? Yeah. And I was like, well, I can't afford one. And he's like, oh, yeah, you can. So it was a good deal. So I had to try to prompt her. On his birthday.

On my birthday. So it played in my favor. It was dirty. Did he stick his little lip out? I did. It was, yes. It was my birthday. Dirty.

I did. I came and I was like, look, deal of a century all right let me just figure this out so what did i do i refinanced the truck to pay for the ctsv yeah of course and then a month later i got laid off yeah so then we had all this stuff going yeah we can make these payments uh wait maybe not on my birthday he got laid off there's a lot of bad birthday vibe right right before Christmas, too. Y'all need to stay away from birthdays. I know.

So that was kind of the, okay, we need to calm down a little bit. Yeah. And then how'd you find us? I was actually looking at, after he got laid off, trying to figure out ways that we could save money. So I had a list of all of our bills laid out. And I just kind of thought, oh, my God. If we didn't have all this debt, we could live on one income and we would be just fine so then old google i start looking at paying off debt and then dave ramsey comes across and i love podcasts so i picked up the podcast and

once he got employed and we got income coming in we we started all up in february and we were good to go after that just like that just like that we three years later we're free yep amazing thank goodness got a paid got a paid for cts now no no oh so that's the funny so one thing i was going to tell people is that the coolest experience is so the ctsv has paid off and ever since then we've had two new cars for her but we've only come out of pocket six hundred dollars because you just trade straight across we got a van instead of a ctsv now we had another child we had another baby during this whole process so you went from cool to minivan yeah i made the transition it's the man van van life baby i might rev it once in a while the stoplight

rachel cruz bought a van because she's got a house full of kids, and she spent most of Thanksgiving that year trying to convince us she was cool. Well, see, I used to hate vans, and then we actually had a loaner van, and I was like, well, this is actually pretty cool. They are. It's a very cool car. It's just funny to hear people try to convince you it's cool. It is.

It is. It is. It's great. Way to go, guys. I'm proud of you. Thank you. Yeah, by the way, it's not cool convince you it's cool it is it is great way to go guys i'm proud of you thank you yeah by the way it's not cool but it's it's functional let's just let's just keep it real let's not do future buyers into thinking they'll be cool hey look it has a screen i know i avoided it that's why i could say that all right so here's what i want to know so you start listening to the

podcast this is cool because you know day's been doing this for a long time and now we're hearing things like, hey, we didn't pick up a book. We picked up the podcast. I'm curious, as you were listening to the show, whether it be other debt-free screamers or just calls, was there a moment where it really clicked for both of you to where we went, okay, it's game on time? Man, I think that we heard several debt-free screams that just really resonated with us and we were like that's that's us that's our family exactly if they can do it what's stopping us you know we can do we did both read the book though i will say after we started on the podcast you got started with the podcast the book gave you the detail that's the image yeah there's some

total money makeover but yeah hearing those people just like us doing that debt-free scream it was it was kind of a light bulb moment that we can do it too and i still listen you know every episode and especially when you get people in our age group that have like paid for houses and stuff i'm like why didn't i start earlier you know but you're not taught that stuff when you're younger you're just like you know go buy what you want and have a great time. But now you've proven you can make this money thing behave and you'll be able to do anything you want to do now. Yeah, exactly. It's a whole different world.

What do y'all tell people the key to getting out of debt is? I tell people to have a partner that holds you accountable. No more car deals. No more birthdays. Yeah, yeah. Really, for me, budget, yeah yeah really for me budget yeah budget the budget i remember our first budget we did we looked and we were spending six hundred dollars a month on eating out yeah and you just you didn't know because you're like oh seven bucks here seven bucks there and then you know six hundred dollars later you're like and i'd say communication too and there were some times during especially through the student loans at the end, where things weren't going so good.

We were really getting burnt out. And, I mean, we had a $7 over budget just all-out argument when he knew there was no money in the budget. But he went ahead and spent $7. I did. And you would have thought that it was the end of all things. I did. I threw a man child moment that you say i was like i'm tired of being on a budget i'm gonna spend this seven

dollars but you know and then i came home with my toe between my legs i was like but it was communicating you know when we're struggling together and saying hey i'm struggling in this you know and let the other person kind of help and then there were times that the other one struggled and we just supported each other amen amen and then through it's your whole relationship grow stronger confidence confidence in each other and in the future get stronger for sure hope yeah you know there's we can really that we're gonna be okay not only we're gonna be okay we're gonna prosper yeah you know i really, very well done. Good for you guys. Congratulations. Thank you.

We're so proud of you, heroes. Appreciate it. You took control of your life, man. You didn't wait on somebody else to do it. You went and did it. Yeah. Excellent. Excellent. Hey, we've got the Live and Give box for you.

It's got the Baby Steps Millionaires book for you, Total Money Makeover book for you to give to somebody else since you've already got one and have read it, and the Financial Peace University membership as well. So we'll give all that to you. Thank you for coming all the way over from Arkansas. since you've already got one and have read it, and the Financial Peace University membership as well. So we'll give all that to you. Thank you for coming all the way over from Arkansas. You want to bring the kiddos in for the debt-free scream?

What are their names and ages? This is Jackson. He's six. And this is Taylor. And she's about to be two in December. All right. So how's she doing? Her mother screams about stuff.

We don't know yet. Get ready. I love it. She might not be happy. All right. Weston and Haley Jackson and Little Taylor from Little Rock, Arkansas. $90,000 paid off in three years, making $113,000 to $139,000. Count it down. Let's hear a debt-free scream.

Three, two, one. hear a debt-free scream three two one didn't phaser that's awesome i love it very cool very cool james how many debt-free screams do we have on the youtube channel now that people can access? It's got to be thousands, right? Oh, yeah. I mean, they're in all our full episodes, so every day they can go watch. But don't we have a – you can just watch those, or you have to go watch the episodes? We don't have them posted separately, no. Oh, I thought they were separate.

Okay. So there's thousands, literally. Okay. And you just flip through and you find one. Because the social proof is there. What they were saying is so important, folks. Yes. You know, there's someone like you, exactly like you, that's done a debt-free scream.

We've done too many thousands of them that it doesn't. And that's what he means. When you see someone that, those people did it, then that says to you, you can do it, right? And that tells you. And that's why we continue to do the debt-free screams, number one. Number two, to honor heroes like these who have taken control of their lives. But you guys, there's a massive

catalog of Ramsey on YouTube. Be sure and check it out. Now we're up over 1.5 billion downloads with a B on YouTube alone. This is the Ramsey show.

Ken Coleman Ramsey personality is my co-host today. Thank you for joining us. Hey guys, if you've been listening to the show and you're enjoying it, we could use your help. Uh, literally, I mean, really, we need your help uh literally i mean really we need your help it changes everything if you will subscribe on youtube or follow or whatever the method is on whichever podcast platform you're on um or just tell people about the radio station you're listening to whatever it is let people know and a lot of people have like a share button on some of the things, and you just click it and you send it to three friends and go, hey, check this podcast out. Check this YouTube guy out. These people over here are making a difference.

They're helping people. Leave a five-star review. That helps. Do the likes and that kind of stuff. That helps. Anything that helps the algorithm on those particular platforms, push our show forward. We know a bunch of you are sharing and subscribing and following because we see your numbers, number one, but number two, we see our rankings going up in

every one of these platforms. So thank you for helping us with that. Doesn't cost you a thing. And it's a way that, you know, we're not going to spend like $300 million on a football stadium to tell you we're here like so that or something like that excuse me i got allergies but the um but yeah you don't want to do that and so uh we're not going to do that we we're not like that so but you guys are our biggest champions to help us move this thing forward we need to create a crusade in america and have a renaissance in the art of living well, having the right career, the right mental health, the right ways of handling your money.

I mean, we the people can do better. We don't need someone else to tell us how, but hey, we'll lead the charge if you'll help us. It's that simple. Kara is with us in Indianapolis. Hi, how are you i'm doing well how about yourself better than i deserve how can we help i uh currently have a job that works great for my family it's a good income um i'm just not passionate about it i've only been been there about four months, and historically I stay with my job a long time. I was just offered my dream job this morning, and I am nervous about discussing that transition with my current employer because I haven't been there very long.

So how do I go about that? Well, first of all, congratulations on getting offered your dream job. Let's not just cruise past that. How did that come about? Well, I have a history in cardiothoracic surgical ICU nursing, and I'm now a nurse practitioner. And so I heard about the opening with the surgeon that I used to work with through a friend, and I reached out, and they were really excited that I reached out. What will you be making at the new job? 120. And what do you make now? 122. Okay. But I'm guessing there's room for growth here with this new job? Yeah, yeah.

Every year they're pretty consistent with making sure that they compensate you well. Yeah, okay. Well, first of all, congratulations. So my answer to this is always the same, and it's really simple. I want you to put yourself in your boss's position. And I want you to, in your mind, you just kind of role play that out. How would you want you to come say, hey, listen, I've only been here four months, but I got a past relationship with this surgeon. An opportunity was there.

I reached out. It's my dream gig. I'm sorry to put you in this lurch and do this at this point four months in, but this is an opportunity that I have to take. I mean, that's your reasoning. You don't have to explain that away, but how would you say that in a way that is humble, filled with gratitude,

certainly sensitive to the fact that, hey, you're leaving only four months in, but you don't owe them a certain amount of time. What you owe them is your best, and I don't think you'd ever be able to give them your best if you turn this opportunity down. And so if you have that mindset, how would you want someone to handle it with you that's the best way to go because i know you're a person of character and a person of class did they pay you anything or pay moving expenses

or a signing bonus or anything when you took this current job uh no it's um a better schedule for my family and and no the one you're in today. Oh. What we're saying is are there any strings attached? The four-month-old job, do you have anything you owe them because they paid for you to move or they gave you a signing bonus and now you're going to take the signing bonus and run? Nope.

Okay. All right. So you just took a job, didn't them anything and um okay yeah i i'm with ken i think you just be sensitive to uh how would you want to be treated if you were them if i'm them i'm disappointed but this great lady is going to go she got something that she likes better she's going to go do it there's not a lot I can do about it. So I'm going to be classy about it and say, well, I certainly understand. Are we going to do a two-week notice or what are we going to do here? And, you know, just be honorable and kind and tell the truth and just be, you know,

I think you say out loud, I'm sorry. I did not take this job intending to do this. This fell in my lap and it's something I've always wanted to do and I'm going. I did not take this job intending to do this. This fell in my lap, and it's something I've always wanted to do, and I'm going to take it. But I do feel bad about the way this worked out, and I'm sorry. Yeah, I do. Okay. I just wanted to, was there a more professional way to say that? But that sounds compassionate and professional. Sometimes profession gets in the way of people stuff.

And I love the way Dave said that. I think he gave you a great perspective from the leader's perspective just be a good person and you are a good person that's why you called there's a sense of guilt i get this call a lot on the ken coleman show dave and people feel guilty because they're good people but if you're not doing anything ethically wrong uh and you're not doing anything illegal then guilt shouldn't enter the equation so you understand you do you understand as a human that has good relational skills that you've greatly inconvenienced someone and actually cost them money. That is correct. Because when we put somebody on at Ramsey, it costs us quite a bit of money to onboard somebody.

And then they turn around 90 days later, they're gone. It's a net loss for us. That's correct. But I also don't want them to stay here if they have their dream job that's right i on on and the further down the line though i don't want to be as an employer used you know i'm going to take this job and then keep looking correct and all over the place anything if i can get 10 cents more i'm going to jump this is not now that i agree, that is a lack of ethics. I agree.

And job hoppers are very different. That's not hopping. That's just speculating. I mean, it's like, right. Yeah, that's wrong ethically. But that's not what Kara's doing. No, no, no. Good job.

Oakley's with us in Cleveland, Ohio. Hi, Oakley. Welcome to the Ramsey Show. Hey, thank you so much, Dave, for having me on. I appreciate you guys. Sure. How can we help? Hey, so I just wanted some insight and wisdom from you guys on how a young couple like my wife and I could best attack the debt that we have, become debt-free with the situation that we're in uh and and ultimately pay off again

everything that we have how much debt do you have not counting your house uh about a little under 50 000 okay and what do you guys make uh collectively about 115 120 okay and so if you lived on 70 and made 120 that'd be 50 not counting taxes you'd be out of debt in a year you follow me yep we got to count taxes so you're not going to make it in a year but that's the math yeah that's the math you got a good size shovel and a medium-sized hole this is very doable now what do we do we get on a written budget on every dollar and go to every dollar.com and sign up for slash budgeting and sign up for one of our wet free webinars on how to use the budgeting app to get things under control when

you and your wife sit down you stop all investing you take any money you've got that's not in retirement and you throw it at this debt we're going to list the debts smallest to largest we're going to attack them with a great intensity, a great vengeance, like paint yourself blue and wear a kilt, right? I mean, you're getting after it. You know what I'm saying? And so you knock it in the head. You knock it in the head.

You knock it in the head. We're not going on vacation. We're not eating out. We're going to take our lifestyle down to scorched earth, and we're going to live on less than $70,000 so we can pay off $50,000 with a $120,000 income in around a year. And you can do that. What's your smallest debt? It would be my student loans, about $5,000.

Okay. And so you're going to have that done in a little over a month. Boom. One done. And you just keep doing it. Just keep doing it. Keep hitting it. Keep hitting it.

Keep hitting it. Keep hitting it. And that's the process. So jump on everydollar.com slash budgeting and sign up for Rachel Cruz, Jade Warshaw, or George Campbell doing a webinar for free and get yourself into that EveryDollar app and get this thing going. You can do this. It's called the debt snowball. List them smallest to largest and attack them in that order. Dave here. You can find all of our shows with the Ramsey Network app on your smartphone. It's the only place to listen to the entire back catalog of episodes. Download the Ramsey Network app in your favorite app store today.