The Ramsey Show - App - When Are You Going to Get Fired Up? (Hour 1)

Episode Date: February 5, 2020

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios. It's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. That's 888-825-5225. Maureen is with us in Syracuse, New York.

Hi, Maureen. How are you? I'm doing fantastic, Dave. I can cross off my bucket list talking to you today. Well, I'm honored. How can I help? Well, I'm a big fan. I'm in Baby Step 6, and I really like Millionaire Theme Hour.

And one thing I've always wondered about is I work for a school and will have a pension. If I don't work, I'm expecting maybe around $60,000. I just didn't know how to calculate that into my net worth. Well, technically you wouldn't, but you could. I mean, it's not a big deal either way. The only way I would know to do it is if they give you a present value meaning the amount you could take if you did a lump sum roll out do they give you that amount they do i'm i uh i have i'm not aware of what that is i you know i

i haven't looked into what that would be yeah i got 10 more years before i retire you know right and but if they'll give you the lump sum of what you could take with you, were you to roll it out? And by the way, you might want to do that and roll it out to an IRA. Then you own it. The reason you technically wouldn't put a pension in the net worth is it doesn't survive you, and you really can't do anything with it except spend the monthly dollars. You don't really have the actual asset in your control but that's a technical thing it doesn't matter i mean you're just trying to calculate you know your how you feel about your

position and certainly the fact you're getting a monthly income you know from this is is a big deal so you know it's a nice thing and you know i just if you want to put it in there, the easy way to do it is find out what they would roll it out for. So good question. Erica is with us in Detroit. Hi, Erica. Welcome to the Dave Ramsey Show. Hi. Hi, what's up?

Well, I purchased whole life insurance about three years ago. I'm sorry. Yes. And I didn't like the company. They weren't very attentive. And so I switched this year to another company. I like the agent. But I'm 65 years old.

Is term life insurance still better? Sure. Always better. How does that work? Always better. Well, the question is, the first question I've got is, why do you need life insurance? For my daughter, in case something happens to me or someday. How old is your daughter?

31. She can't take care of herself? She can't afford to live on her own right now i'm just curious well it's something for my final expenses why can't she live on her own if she's 31 she doesn't make enough money with her work okay with her job yeah okay you don't need life insurance except to take care of your final expenses and that would only be if you don't have any money you have any money? Not really.

None. I get a pension, and I get Social Security. You don't have any money saved. I have credit card debt. You don't have any money in savings. I had $400 saved this month, this past month, and I had to take it out. What do you make a year? I just have around $27,000. Okay.

All right. Well, what I would tell you to do is get a very small-term life insurance policy, very inexpensive, enough to cover final expenses only. Okay. And that's all you would need to do. And keep that as inexpensive as you can. You don't make a lot of money, and you don't need to be spending all this money on life insurance in your situation

because you don't have anybody that's counting on you to eat that's not an adult and shouldn't be doing their own thing. Thirty-one-year-olds should be supporting themselves unless they have some kind of a massive disability or something. And this one doesn't. She just doesn't have a good job. So I want you to work on your career and your income. Get your income up and build you up. Start to build up a nest egg. You're only 55 years old.

You're younger than me. Oh, 65. I misunderstood. Okay. Okay. Well, I want you to start building up some... I don't have a career. I'm retired.

Okay. All right. Yeah, that is different. So your $27,000 income is your Social Security and your pension? Yes. Okay. So you have a small pension then. $941, I think, and 15 cents.

Yeah. Okay. All right. Yeah, I would get a very inexpensive small-term life insurance just to cover final expenses. That's all. You don't need to be buying life insurance at 65 years old to support a 31-year-old that should be gainfully employed. That's a very simple, basic thing.

And you need the money to eat with. And if you could save up out of this, you have a very tight budget and a very limited income, but if you could save up anything, then you could do away with even the need for a term policy. If you had $10,000 in savings to bury you, you wouldn't even need a term policy. But if you can get a very small, inexpensive term policy, that's what I would do. And I definitely would avoid any kind of cash value insurance. It's very, very expensive.

And in your situation, you really can't afford to be taken to the cleaners by these guys. Mark is with us in Richmond, Virginia. Hey, Mark, how are you? I'm good, Dave. Good afternoon. Thanks for taking my call. My pleasure. How can I help?

I've got a question regarding some rental properties. I have four brothers, and my mother owned seven rental properties that were owned free and clear, no mortgage on them. Three of my brothers want their cash out of the situation. One brother and I would like to keep the property as investments for the future. So obviously, it's going to require a large amount of cash to pay them off. So the way I'm seeing it is I would probably have to take out a mortgage. I just wanted your advice or your words of wisdom on what to do or not to do in the situation. What is the total equity in these seven properties? Somewhere around $1.5 million.

Okay. So why couldn't we sell off some of them and you take one that's cleared as your part and a little cash? Well, I guess that's always a possibility. If there's a million and a half equity to be split among four brothers, there ought to be enough equity there to clear one of these properties as your portion. Because your portion is $400,000, give or take, between $300,000 and $400,000. So if there's a $300,000 paid property that you would like, take that property, if it's paid for, take that property as your complete settlement and then let them do what they want with the rest,

have them deed it over to you as your cut, right? If, let's say, there's a $500,000 property with a $200,000 mortgage, you take that property and some cash for your portion or that wouldn't be right. You you got you're only going to get four hundred three, three to four hundred grand net equity to you out of this. But anyway, somehow break it out to where we sell off some of them and the cash goes to those guys. Maybe you end up with a property in a little cash or maybe you end up with just a property. But I'd pick out a property that end up with paid for out of this. There's a lot of money on the table here. There's no reason for you to end up in debt. This is the Dave Ramsey Show. Are high health care costs getting you down?

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This is the Dave Ramsey Show. We're glad you're here at Open Phones, 888-825-5225. Kim is in Asheville, North Carolina. How are you, Kim? Hi. I'm good, Dave. Thanks. Good. How are you, Kim? Hi. I'm good, Dave. Thanks. Good.

How can I help? Recently, I inherited my grandparents' house. I mean, actually, I didn't inherit, but I'm going to inherit $200,000, but I live in my grandparents' house, and my husband and I are having to move because of a job and other reasons. Now, we don't know. We have the $200,000, so we don't know if we should buy another house where we're moving and keep this house,

or if we should sell this house and move and just pay cash or whatever. Okay, so the home that you live in you own and you inherited from your grandmother. Yes. Okay, and where home that you live in you own and you inherited from your grandmother? Yes. Okay, and where are you moving? We owe $86,000 on it because we renovated it and added on 10 years ago. And we're moving to Tennessee, actually. That's not that far from Asheville. What part of Tennessee?

Chattanooga. Okay, that is a ways from ashville okay cool all right um well it's definitely more complicated than this but that's the the basic part of it okay i mean it is it is sentimental and so we thought we'd maybe put the house on hold for a year. But we don't want to use all the cash because, and there's another job coming, and it's just really complicated. And we want to do eventually some investing in real estate with it. Because if we sold the house, we'd get about $300,000 for it. So we'd have about $500 500 000 to start our life down there and buy a home and then maybe some investment properties is what we're looking at okay well 99.9 of the time i'm going to tell you to sell this house when you leave because

long distance landlording is a nightmare and yeah we would get a property manager for sure yeah doesn't matter yeah no one watches your property like you watch it, and you're not in the town where the house is. You would never live in Chattanooga and go buy investment property in Asheville. And so that tells us that you would sell it. Now, the only reason you would not sell it would be just the emotions and the fact that you're tied to this home by family ties right and that's the only reason that's the only reason you would keep it but it is not the

it's not a financially wise or investment wise thing to do to keep it yeah you're going to keep it in spite of it not being a good idea and that's okay if you choose to do that you're just saying you know my uh the nostalgia of this home overrides the fact that it's not a good decision mathematically i'm going to take i'm going to lose some money in order to keep this house that's what you're saying if you keep it but i personally wouldn't keep it i would sell it i'm not real tied to stuff like that i mean i'm nostalgic the older i get the more nostalgic i am but i'm more nostalgic on something that is a I personally wouldn't keep it. I would sell it. I'm not real tied to stuff like that. I mean, I'm nostalgic. The older I get, the more nostalgic I am. But I'm more nostalgic on something that is an item rather than a piece of property.

As a matter of fact, I've been real clear with my kids upon my death and my grandkids as they get older. I'll be clear with them that no property we own is our legacy. No business that we own is our legacy. Our legacy is our family. Our legacy is, and so I would rather them be more concerned about, you know, owning the old man's Bible than keeping his house, that kind of thing. So something like that is what I get nostalgic about. But you can decide what you want to do.

But would I sell that? I would, yeah. I surely would. It frees up. That cash, it'll go with you anywhere you want to go. And I would take my cash and I would go to Chattanooga and start my life. Brian is in Los Angeles. Hey, Brian, welcome to the Dave Ramsey Show.

Dave, it is such a pleasure, my friend. I tell my Mexican family that you're the white father I wish I always had. Okay, I'll take it, brother. The white hillbilly. I love it, man. I love your values. You're the best. You're awesome. How can I help, man? Well, Dave, two of my goals this year was to pay off my car and to start investing. And I've already accumulated enough money to open an index fund through Vanguard, which is what I wanted to do, but I still need to pay off my car.

So I don't know which one I should do first. My car is worth about, I have to pay off about $5,400. That's what's left on it. And I have $3,500 saved up. So $3,000 is necessary to start an index home with Vanguard. So I don't know which one I should do first. Okay. Well, Brian, we teach a thing called the baby steps.

And that's the way that, that's the framework with which we make decisions on which to do first, which to do second, those kinds of things. And we found that, you know, most things we do are baby steps. Most, you know, if you're going to build a house, you lay the foundation before you put the walls up. You don't you know, you don't start building the roof until you've got the walls up. Right. And so you do things in order so that things build out the way they're supposed to. So our baby step number one that we teach is $1,000. Your first thing you do is save a beginner starter emergency fund of $1,000. And then once you've done that, then you become debt-free, everything but your home.

And then once you've done that, after baby step two, you go to baby step three, you go back to that $1,000 account, raise it up to three to six months of expenses for emergencies. This is all before you start investing. And then baby step four is you start investing, and that's 15% of your income going into retirement. And then, of course, baby step five is if you have kids and you're going to save for their college. And six is pay off your house early. Seven is the last one, and that's with the house paid off and no other debt, emergency fund. You've got money going into mutual funds.

Now you do nothing but become wealthy and be outrageously generous along the way. So all of that to say, you've got $3,500. I'd set $1,000 aside towards my emergency fund. I'd throw $2,500 at the car. I'm going to get the car paid off as quickly as I can, and then I'm going to build my emergency fund, and then I'm going to start investing in retirement. Does that make sense to you? Yes, sir.

That's exactly the way the framework would lay out in your situation if I understood everything. So thank you for calling in, sir. Jack is with us. Jack's in Austin, Texas. Hey, Jack, how are you? Hey, David, that's in Boston. Oh, okay.

Well, Kelly's from Texas, and she can't tell the difference between Austin and Boston. What's up, man? He gets mixed up all the time. Yeah, right, with that accent, for sure. How can I help? Yeah, so I work in sales, and I'm getting a pretty large commission check coming up here soon. Cool. And I'm 31, getting married this summer.

Yay! Right now we're renting a place. So I've always, you know, I wanted to buy a property, like buy a house maybe, or even a townhouse or something. But it seems like the market is at an all-time high right now, so I don't know if I need to wait or what your thoughts are on that, if I need to wait until the market comes down a little bit. Yeah. I wouldn't wait until the market comes down a little bit. I would just wait until you've been married a little bit.

It takes about a year of being married to get to know each other well enough to make a wise home purchase together. You buy a house right now, and then you get married in the summer, you're buying the wrong house and she'll tell you about it somewhere around August. So no, you need to just tap the brakes a little bit. It takes a year of being married to know how close to your mother-in-law to buy. Now, as far as is the market high and is the bubble going to burst, real estate is corrected

a couple of times in my lifetime, but nothing extreme except 2008. There were some pretty heavy hits. It came right back. It came back faster even than the stock market did. But I got my real estate license in 1978. I was 18 years old. The first house I sold sold for $42,500. That house today would be $450,500 that house today would be 450,000 so that's how that's the the life view that I have

of real estate and so even if Boston might be a little hot and it's not necessarily a buyer's market right now you know you're just having to kind of run over there and buy something right you know that kind of stuff even if that's what's going on, I still would buy. You might not be the best time ever to buy, but if you're going to buy real estate and keep it three, four, five years, personal residence in a decent neighborhood, you're always going to work. That's always going to work out. I mean, it really is.

So, yeah, work your baby steps baby steps get married be married a little while save up a bunch of money just throw that bonus check in the bank and about this time next year start talking about looking for a house is what i would do if i woke up in your shoes jack thanks for calling in man this is the dave ramsey show If you do this one simple thing that we all do, you are literally at risk of being hacked and someone stealing what you've worked so hard for. Do you ever use public Wi-Fi? I'm talking about getting online at a coffee shop, a store, the airport, or even at home. Hackers can use a simple $100 device to mimic Wi-Fi,

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Better than I deserve. Good to have you. Where do you live, sir? Savannah, Georgia. Oh, fun. Love Savannah. Very nice. It deserve. Good to have you. Where do you live, sir? Savannah, Georgia. Oh, fun. Love Savannah. Very nice. I was down there not long ago.

Oh, wonderful. Very cool. So you're here to do your debt-free screen. Yes, sir. Love it. How much you paid off? About $130,000. Very cool.

And how long did that take you? Eight years, four months, 17 days. Wow. Look at you. Yes. And your range of income during that time? Started off around $30,000, ended up around $60,000. Well, look at you, man. Good for you. Yes, sir. What do you do for a living? I'm a firefighter down there. And were you a firefighter when you were

making $30,000? Yes, sir. Okay. So you've just worked your way up through the station? No, no. I have a lot of second jobs and third jobs to supplement that. Gotcha. Okay. Very cool. So what kind of debt was this $130,000? This was $7,000 in credit cards, $16,000 for my dream car, which was a BMW, and $107,000 for my house. You paid off your house? Absolutely.

Woo-hoo! Yes! I love it. Yes, I did. That is so neat. It's awesome. So what is this house worth? It's about $100,000.

Okay. Very cool. Yeah. How old are you? I am 30 years old. 30 years old. So you started this when you were 22. Yes, sir. Okay. Wow. So you started this when you were 22.

Yes, sir. Okay. Wow. And you started doing our stuff or you were just working? Yeah. No. So my journey, it's a pretty interesting one. My brother Ben and his wife Jessica invited me to come to an FPU class.

And I was like, all right. I mean, I don't know everything about money, so we'll learn something through it. That's when you were 22? Yes, sir. Oh, wow. Yes, sir. So I was at, yeah, I was okay with money. So I thought, and I wasn't like stressed out about it, but I just wanted to learn something. So we went to this class and you were doing the snowball effect. And I was like, that makes sense. And then what was the turning point for me was your video with the gazelle running away. And it wasn't the video, actually. The video was funny, and I was like, oh, that's an interesting thing. But what

you said right after that video really just like drove the point home. You said, do you know how many videos we had to go through to find that one? And I was like, right then, I don't want to be one of the videos that he had to just search for. I love it. What a great insight. Yes. So it wasn't the video. It was a thing right after the video.

Most people don't get away. I never even made that connection when I was doing it. It was just a joke. I know. That's the great part about it. That's awesome. The video to me was a joke but the the words right after were like all right no this is serious most people don't get away yeah that's

wow i i am the one that got away yes sir and man we we lit it up dave after this so with my fire department schedule i had we work one day on and we days off. So that two days off, man, we ramped it up. We were on fire. I owned a chimney sweep business and it was all right, but man, I was taking calls. I got a warehouse job for like my day job, Monday through Friday, and it was long, it was good work. And so like some days I'd get off from fire department, go to the warehouse and then sweep a chimney that night. I was getting it, man. It was great. For about a year, I was pretty boring in lunch in the warehouse. I would eat peanut butter and jelly sandwiches.

I was so good. I rationed it out. I knew that a loaf of bread could go a week. And I was like, all right. And then a jar of jelly and peanut butter could last me two weeks. I rationed it out, and it was great. I was not that guy. But it worked.

We're here. So I started doing the snowball, the credit cards. And then... I think I see how you got out of debt. Yeah, I know. Working two, three jobs. Since I've been 15, I've had two or three jobs at a time. And now we focus that energy.

So have your brother and sister-in-law, they've been cheering you on the whole time? Oh, great support system. Great support system. That's cool. But it's funny. So I bought, yeah. Then the pumps stopped a little bit. We came into a low season, David.

It was not pretty. It started when, at the warehouse, I got laid off. It was totally unexpected. But, Dave, through your principles and your practices and all of this, I had just paid off my Beamer about two to three months before I got laid off. So my initial thought was, I'm mad. I don't want to be laid off. And then my immediate second thought was, I don't have to sell my car. This is wonderful. So we, it was, so that was just a blessing right there. And then, so like,

but like, I'm still going through my low season and that started it and I was just down in the dumps and um the the budget that was going good that was on autopilot to me it wasn't the hard part so I called you to get some advice on how to stay motivated back in December 2014 and because I was had everything paid off except the house and I was like do I want to do the house like I don't know and so I did some math I was like man three and want to do the house? Like, I don't know. And so I did some math. I was like, man, three and a half years. So like this summer, it should have been paid off. And I called you and you're like, Josh, take baby steps to celebrate. And I was like, what?

And you were like, take your balance and divide it up. And when you hit a milestone, celebrate. And you said that I'm okay if it takes you four years. I was like, I'm not. That's way too fast. So, Dave, I did it in like two years and 14 months aggressively. I was like, we're going to knock this out because you gave me the motivation to visually see when I needed to celebrate and have those little breaths. And so it was so awesome because you you asked me you were basically asking me

hey do you have any hobbies you can do and i was like well i like camping and um hiking which for the record i really do think that's a good way to recenter yourself um so i did that a couple times but i did get hobbies finally i bought a boat and boat accessories. I have a motorcycle, so I was buying stuff for that. Good. I did go hiking and camping and some more. Dude, so all of that stuff. You have a great life. Oh, I'm living the semi-retirement lifestyle now.

Yeah, at 30. Yes, sir. At 30. Yes, sir. Me and my dog just live it up, man. He gets so many treats now. So, yeah. Man, I'm so proud of you.

Well done. Thank you. Very, very well done. We had a... So, we got a copy of Chris Hogan's retired inspired book for you. Yes, sir. I want that to be the next chapter in your story. Absolutely.

That you're a millionaire, and I think you will be. I think you will be. I don't think there's any stopping this guy. No, sir. He's on fire, man. Yes, sir. This is awesome. And well done, sir. He's on fire, man. Yes, sir. This is awesome. And well done, sir.

With the fully fledged emergency fund, I had a little IRS scare. It was my fault. I totally admit that. I checked the wrong button. And they said I owed like $1,500. And I was like, all right. But I was like, let's have fun with it. I wrote this letter like, I know we're going to bankrupt America if I don't give this $1,500.

Please, blah, blah, blah. It was just a funny thing. But I paid it. But it's just funny to me that this letter is an official document in IRS somewhere. Well, why not? Yeah, just an inconvenience. Well done, Joshua. Yes, sir.

Proud of you, man. I appreciate it. All right. Joshua from Savannah, Georgia. $130,000 paid off in eight years, four months and 17 days, making $30,000 to $60,000. His house is paid for. He's $30,000, making $60,000. That's just awesome.

Very well done. Count it down. Let's hear a debt-free scream. Three, two, one. I'm debt-free scream three two one i'm dead love it well done well done well done man that's fabulous so when are you gonna do i mean he's making 30 when he started this Well done, well done. Man, that's fabulous. So, what are you going to do? I mean, he's making $30,000 when he started this. $30,000 a year.

He paid off everything. His house, his car, bought a boat, bought a motorcycle. Paid cash for everything. Yeah, he's fired up. But you would be too if you were sitting where he's sitting. He's not got a payment in the world. Wow. This is the Dave Ramsey Show. Thank you. Thanks for being with us, America. What if you could help people with money in your community?

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You don't need any financial training. If you can gather people in a circle, and you love people, and you practice listening to this show and answering the questions, you probably can be a big help to somebody. In fact, you'll have a dedicated advisor who will walk with you through the entire experience to get you everything you need to lead a group. If you're ready to start changing lives and we're ready to help, one of our advisors would love to talk to you about becoming a financial peace coordinator.

Get started by texting the word LEADER to 33789. That's LEADER to 33789. Thanks for joining us, America. We're glad you are here. Dan is in York, Pennsylvania. Hi, Dan. How are you? Good.

How about yourself, Dave? Better than I deserve. What's up? Hey, I'm calling to get your opinion or your thoughts on network marketing or level, multi-level marketing, namely the company Amway. Okay. All right. They're the oldest, and I guess they're probably still the largest. They've been around forever. The last I heard, they were like number 37 or number 38 in entrepreneurial companies. Oh, total companies or MLMs? I heard, well, entrepreneurial companies, so it might be a multi-level company. I don't know how you measure what an entrepreneurial company is.

Mine might be an entrepreneurial company, and we're not an MLM. So I'm not sure about that. I know Amway is probably the oldest. They used to be the largest. I'm not sure if they've dwindled down or not. But anyway, they're kind of set the standard back in the day, okay, like when I was a kid. So how old are you? I am actually going to be 24 next week.

Okay, and what do you want to do with your life? When you're 50, what do you want to be doing? I want to be retired. Okay. You want to be doing nothing? Well, not doing nothing, but I'd like to pursue some kind of teaching career and music. I'm a drummer.

I've been playing my drums the whole life, and that's really what I'd like to do as a living. Okay. So you would love to be a professional drummer and make a bazillion dollars doing that if you could just write your own script right now? Sure. Okay. That's what I i'm asking multi-level is selling and the people that make good money in multi-level like a hundred thousand dollars a year or more are sales managers and recruiters what you do for a living if you're making six figures in a multi-level or a network marketing program is you are recruiting people training them and replacing them because the fallout is huge right because by and large they hire people who are not people that want to be

salespeople and most of them don't make it so your turnover is very high, and you are constantly recruiting, hiring, training, recruiting, hiring, training. If that's what you want to do for a living for the next 10 years, multi-level network marketing could very well lead you into a six-figure income, and you would be in control of your destiny. That's the good news. The bad news is it doesn't sound like that's what you want to do. Yeah, I was really hoping to do it as kind of a part-time job as I'm working full-time and my wife's working full-time. The kind of propeller sells through the baby steps. Here's the thing.

Here's the thing. The way they pitch the stuff in network marketing is you see becoming wealthy and retired, because you actually mentioned that earlier. Right. When I asked where you want to be, I want to be retired. You saw yourself as wealthy doing multilevel. You don't accidentally part-time turn a multilevel thing into a million dollars. Right.

It doesn't just like you show up and you go get three of your friends in this thing, and it turns into a million dollars. It's seven to ten years of very hard work as a master recruiter, trainer, and manager of salespeople. Those are the people that make seven figures. I've got several friends that make a million dollars a year. And I've got like 1,000 or 2,000 or 10,000 people that I've met that were in it for three months and are not anymore. Okay? But I actually know more than five people in network marketing

that have made a million dollars a year at one time or another. But they didn't do that part-time, and they didn't do that part-time for three years and then full-time for two years. They became professional motivators professional sales trainers professional managers and hirers of sales people and they have rhino thick skin because people come and go every 20 minutes right and they don't get their feelings hurt when everybody's mad and turn it over they just go get another one they just go get another one and that's that business there's nothing evil or wrong with the business but if you think you're going to hire three people and

they're all three going to be with you 10 years from now you are kidding yourself in any business for that matter but multi-level for sure okay um you know i've i've had i got 700 folks working here i've got 30 of them that have been with me more than 15 years out of 700. And I've got probably 400 that used to work here sometime during the last 25 years that don't work here anymore. And that's a traditional business model. That's not a high turnover business model. That's where I'm actually paying people a salary.

They don't have to sell anything. They just show up and get money, you know? And so it's a different thing. So you've got to decide what you want to do, and if this is in line with your career goals and with your personality style and what you want to do for a living and you don't mind high rejection

and you don't mind motivation and you don't mind turnover and you don't mind that stuff, you can do very well at this and again i've got some friends that are just over the hill over here i got a friend that was is a whatever they call them a double black diamond or whatever it is in in amway and he he's made million dollars a year in amway for years for years and does very very well but you know for every one of those there's 10 000 that stayed two months and left and

made all their friends mad right and uh so because they call on all their friends and try to sell them something they didn't want or something like that i don't know so have some class if you're going to do it and if you're going to do it lean into it and say this is going to be my career as a part-time job uh look at it and just go okay what's the typical person making three months and get some real numbers not what you can make if you're a superstar but what is a typical person making three months you probably can make more driving lift right probably i mean check it out for yourself if you're good you may have a good little salesman down inside that drummer i don't know you know and

you you know i'm not gonna talk you out of it i'm just saying don't just say oh i'm gonna go make some money because these people all make money that i'm talking to because that's not the way it works it is a there's a particular skill set that you will develop or have to to uh to become wealthy in those world in that world and uh there's nothing wrong with it at all. But teachers got in this, and an old teacher got in this. Look what this old teacher made. Well, that old teacher, they're not being a teacher anymore. They became a sales manager.

And this guy used to be a construction worker, and look what he's doing now. Well, he's not a construction worker anymore. Now he's a sales manager. That look what he's doing now. Well, he's not a construction worker anymore. Now he's a sales manager. That's what he does for a living. And, you know, so when they put up the examples of, quote, regular people, unquote, who become wealthy, they did not use regular people's skill sets to become wealthy.

They used the skill set necessary to grow that particular business. And a construction worker can become an IT professional if they want to be. A teacher can leave and become a doctor if they want to be. You can change careers and become successful in another career. And that's what's happened there. It wasn't that, you know, this teacher used to make, you know, $42,000 a year. Now, look, they make $420,000 a year. Yeah, well, they're not a teacher anymore.

They're a sales manager. That's what they do. And a high turnover situation. That's what you're facing. And my family is good people. They're good folks around there. They lead a lot of people to the Lord. They're strong Christians, most of them. So I'm not mad at them,

but you just need to know what you're getting in on and what it's going to take for you to succeed and whether it fits your goals long term is this your career goal or not this is the dave ramsey show hey it's kelly associate producer and phone screener for the dave ramsey show this episode is over but if you heard about a product or service and didn't have a chance to write it down, don't worry.

We list everything that is mentioned during this episode in the podcast show notes section. Thanks for listening.