The Ramsey Show - App - Why a “Stable” Job Is a Myth (Hour 2)

Episode Date: July 27, 2022

Dave Ramsey & Ken Coleman discuss: Winning with money as a recent college graduate, Changing careers, How to land a job you love, How much emergency fund you need, The myth of a "stable" job.    Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the 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. We help people build wealth, do work that they really love, and create actual amazing relationships. This is The Ramsey Show. Ken Coleman, number one best-selling author, host of The Ken Coleman Show, and Ramsey personality, is my co-host today. Isabella in Nashville starts off this hour. Hi, Isabella. How are you? I'm great. How are you? Better than I deserve what's up yes sir um so growing up my family

always struggled financially so the personal goal of mine to graduate college debt-free good um I'm set to graduate debt-free in May at 19 years old and I currently 19 yes what's your degree in? Finance. And how'd you do this so fast? I tested out of a lot. So all my gen eds and everything were done when I graduated high school. Nice. Yeah, you're an AP queen, huh?

Yes, sir. Club testing, dual enrollment, everything. Yeah, way to go, girl. You killed it. Way to go. Thank you. So at 19, you're going to come out with a degree in finance in may a year from now uh yes sir and then i hope to go back

for a master's in actuarial science but yeah that'll take you about 30 minutes the way you do stuff so yeah okay cool yes sir um so i'm currently working as a bank teller, and I also volunteer with a nonprofit that will pay for my sister's dance. Because I live with my extremely generous parents, I only have a few expenses. So right now my current financial situation is that I have $25,000 in the bank right now, and I keep putting about 90% of my paycheck in there. My question is, should I keep saving my paycheck, or should i consider other options like investing right now wow you're amazing okay um thank you you're just so far ahead

of the curve so it sounds like it sounds like yeah it sounds like 25 years old, six years from now, is light years away for you. That sounds like it's a long ways away. But at 25 years old, six years from now, you will still be young, very young. And by then, you'll have a huge pile of cash. So you're just an overachiever. There's no question about it. So I don't want to hold you back on the one hand, but on the other hand, I want you to have, it's okay to,

I want you to have permission to have some patience. So I think you are the best possible investment you can make because you're pretty amazing so what I mean is I think every dollar you spend on this masters is going to give you a lot higher rate of return than any investment would ever give you especially you I you sure I hope to get scholarships for that i know i know and i i hope you do too i hope you do too but here's the thing let's pretend you go through your master's and you're 22 years old 21 years old and you come out and you get the first big girl job

and you're making 100 000 or 80 000 bucks or whatever and you got seventy five thousand dollars in the bank and you never invested any of it before then and you start your investing life at the ripe old age of 22 you're going to be just fine and that seventy five thousand that twenty five thousand is going to be upped by a bunch because you're a saver and you're watching this it's just your insurance policy that you get to go be all you're supposed to be because i don't want money standing in your way so thank you that's a huge compliment yeah i want you to be able to write checks and even if you went and got an apartment or something a little bit later you don't have to do that at this stage of the game but if you did that and you spent some of the money on that and i don't want you to blow the money i'm not telling

you to you know go buy a forty thousand dollar car don't do that i'm not telling you do anything like that i'm just saying that big old pile of cash is an insurance policy that isabella finishes her master's with no debt and no stress and gets to run the track that she can run on because you're so efficient at your education and then when you come out you're going to be i mean you're going to be kicking butt and taking names mathematically and you dump it into an investment then or dump it into your first house then or whatever if you don't use it and you probably won't use it but i just love the idea that you don't have to think about money. Okay, thank you.

And you can concentrate on your studies and your track because you're way overachieving. It's awesome. Yeah, you're going to be, by the time you're 30, this is all going to be like boring. Yeah. Well, I love what I do. I going to be, like, boring. Yeah. Well, I love what I do. I love my job, and I love school. Yeah. Yeah.

Well, and you're obviously, you know, you're very goal-oriented. You like standing stuff up and knocking it down. Exactly. Yeah. Yeah. I'm just curious. What's the dream? You don't want to stop at being a teller.

Oh, no. Where do you want to go? She's going to own the bank. Well, that's what, I want to be an actuary. And then, like, farther along, I'd love to teach, like, a college course or something. Like, that's something I'd love to do. Yeah, okay, great. You could probably do that this week.

Yeah. Wow. Oh, man, yeah. Well, your advice gives her options. And it just is really nice to have that big old giant pile of cash. As she continues to evolve, dream, see opportunities, there's going to be opportunities that come to her. People bang on the door of people like her. They stand out.

They go, hey, she's going to get opportunities she'll never even see coming. I mean, I think you're going to be bored to death as an actuary you you because you just have i mean that that's a that's a number crunch 24 7 job yeah it's a wonderful job there's nothing wrong with it but you are so task oriented goal oriented that i i think you know about a week of that you'll be done with it i could be wrong that's just a old guy looking in from the outside impressed way to go kiddo proud of you if we can help you let us be a part of that, you'll be done with it. I could be wrong. That's just an old guy looking in from the outside impressed. Way to go, kiddo. Proud of you.

If we can help you, let us be a part of your life as you go forward. Holler anytime. We'd be honored to speak and have a tiny bit just to say we know who you are. You're pretty cool. Open phones at 888-825-5225. So, Ken, you can't go to college without a student loan. Isabella says, hold my beer. Right. That's right.

And, you know, of course, our very own Christina Ellis is a genius on all this stuff. But I'm telling you something, for this gal to clep out of all these courses, I can't even spell clep. You know what I mean? Well, yeah, me and you didn't clep out of nothing. So she cleps. She advances the whole well yeah me and you didn't clap out of nothing so she cleps she she advances the whole thing mom and dad helping her out uh living at home swallowing her pride not trying to be like everybody else i mean all the things great parents taught her the ways to go and now all of a sudden for her to sit here not only does she have unbelievable financial potential

as everybody was listening that's called wow but professional potential as well there's no holding her dreams back because she can fund them well most 19 year olds are clipping out a beer pong i mean really yeah and here she's already graduated from college oh yeah this is like savant stuff yeah it's cray cray i love it it. So fun. So fun. Her mom and dad just walking around proud, grinning. They're just grinning. Yeah. No student loan debt. This is just,

yeah. It's Isabella's world. We're all just kind of hanging out in it. We're all in it. This is the Ramsey Show. People all over the country are discovering a faith-based and budget-friendly way of meeting health care costs through Christian Health Care Ministries. Christian Healthcare Ministries, or CHM, is a nonprofit organization that helps members carry one another's burdens with healthcare expenses, and they have successfully shared each other's medical bills for nearly 40 years.

See if CHM is right for you by visiting chministries.org. CHM is a proud sponsor of Dave Ramsey Personality. Number one best-selling author is my co-host today. A lot of people would rather spend their weekend doing yard work than talk about insurance. Matter of fact, they'd rather do just about anything than talk about insurance. I can't really blame you. here's the deal though if you don't learn about insurance you will continue to get screwed by insurance uh there is good insurance and bad insurance and you just have to have a little bit of knowledge around it around here we think learning about

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but at least you'll know your stuff when it comes to insurance. It is free. Go to RamseySolutions.com slash confidence. RamseySolutions.com slash confidence. And get confidence in your coverage, a five-day video series for free. 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'll remake your blinds.com they have a 100 satisfaction guarantee that means even if you mismeasure you pick the wrong color they'll remake your blinds for free free samples free shipping new

promos all the time you'll save even more use the promo code ramsey today's question comes from trevor in california i'm 28 years old single on baby step four and earn four hundred thousand dollars a year how do I leave the golden handcuffs of a lucrative career in tech sales to transition to a career in luxury, excuse me, luxury residential real estate? This is my true passion, but I have no idea where to start. Well, he's making really, really good money. But Dave, the challenge with moving into real estate, whether it's luxury, I don't know why I'm struggling with that word, or regular homes, if you will, is you can't do it part-time. I've talked to a lot of experts. I don't know if you

defer on that opinion, but you kind of at some point have to go all in in real estate sales. Now he's making a lot of good money, so he could save a good chunk and kind of pad his stats, if you will, so that when he goes to luxury real estate, he's all in and he's not really hurting for money. But that's a save and then get qualified and then dive in. But I don't know. Luxury real estate's a whole different ballgame, very exclusive. You know more about that than I do as far as how unique that particular side of real estate sales is. Yeah. I mean, you don't just dive into that, do you? No, you can't.

Isn't it work your way up? You can. You don't have to start selling cheap houses to sell expensive houses. But you've got to have some knowledge of that marketplace and knowledge of dealing with that type of clientele. So what I would do is I would join a luxury real estate team part-time and get your license under you, get some of the legal prereqs behind you, out there be moving around do some transactions on a part time basis because the good news about residential real estate is you generally work for a situation like this it's not it's not good news overall but good news you generally work when others don't because people can't look at a house during the day even luxury sometimes they can if they're you

know they're transferring or whatever but i mean they're gonna look at houses at nights and weekends and so the exception of somebody coming in from out of town or whatever that kind of thing but uh you know you can you can use some of your pto you can do some other stuff work around and uh you know just work a 40 hour week is all at your current position and take your nights and weekends and the occasional vacation time and, you know, take six months and get up on the on-ramp a little smoother rather than just jumping off the high dive and hoping there's water in the pool. Yeah, that's exactly right. Yeah. Yeah. And then, but, but it is going to end up being where you have, you're, you're probably not going to get the boat as close to the dock as I would like.

Correct. Meaning your luxury real estate income up to close enough to your tech before you make the jump, you're probably going to have to do the thing you're talking about. There's a little bit of a step of faith there. But just going cold turkey, it takes six months, three months just to get up and moving. That's correct. And you can do all of that on a part-time basis much more efficiently and not lose that chunk of income that's correct while you're doing that but yeah i think you make the transition it's it's a weird time to do it uh the good thing

about the real estate market slowing down is all these people that just went and got the real estate license because real estate was easy yeah they're gonna fall off they're the first ones to leave last in first out and so uh it it it calls out the under producers it calls out the hard time a recession a slower real estate market calls out the agents that are not rock stars that are not the best of the best and so because you got to pay to keep the licenses the you know the realtor fees the mls fees all that stuff it costs if you don't if you're not making money in the business it's not something you can just park it and sit there uh so it does it really does push people out of the business in times like this so it is a good time to make this transition versus trying to jump in while everybody's riding these

waves it's like you know lately it's been like going surfing in the middle of a hurricane i mean it's just there's a lot of waves so open phones at 888-825-5225 marshall's in phoenix hey marshall how are you hey i'm doing great how you doing dave better than we deserve what's up hey uh first of all i just wanted to say thank you so much for everything you and the team do. It's been a real inspiration to me. I made a lot of progress. I started off the start of the year. I came across one of your videos on YouTube and just kind of decided I was sick and tired of living paycheck to paycheck and never having money in the bank. And worked off paying off about $4,000 in credit card debt and about $7,000 in an auto loan. And now I've got left is some student loans that I've kind of pushed paused on while I get ready to pay

for a wedding. Good for you. Yeah. So how can we help today? Express my gratitude for that. But I am currently in school for getting my bachelor's degree in accounting. I had originally started this degree back before I'd gotten divorced because my ex-wife and I were planning to get into business together. And I'm almost done with it. I'm six classes from completing my degree. And I just don't know how to get out of my current position. I work at Wells Fargo. And I work in their mortgage team. I've been trying to get into a more accounting side of things, which maybe because I don't have my degree, it's not going to happen. But I'm not sure what to do with my degree once I get it, because my original purpose for getting the degree is no longer an option.

Where do you want to go? I'm confused. Do you want to stay in accounting? Do you want to get into accounting or some completely different field? Yeah. I'd like to get into accounting or finance or... Well, you're about ready to finish an accounting degree. So you got that.

Am I right? Yeah, yeah. And a lot of the jobs I've been kind of perusing within Wells Fargo, it looks like they want several years of experience. And they look like what I would estimate to be entry-level jobs. So any advice on how to get into that field once I do complete my degree? Yeah, well, we start now. So you start now making connections with people that are actually successful in accounting.

Your relationships is where opportunities come. The second thing is I'd be very, very careful to look for jobs that aren't available to you at this point in where you are. So you don't have any real experience. So you don't look for jobs that will require a bunch of experience. And I hear this a lot. Well, it says it's entry level, but it requires experience. And that's not always the case. And I can tell you this.

We're seeing people getting accounting jobs, bookkeeping jobs all over the place without a degree. But you're going to have the degree. So this is all about looking to places that are looking for somebody to come right in and do work. Now, you might be surprised that you could get a job in an accounting firm doing some entry-level basic accounting part-time work because they need extra hands. But right now, this is all about relationships. I'm going to give you the book, The Proximity Principle. It's the number one bestseller. This is a clear plan for you to leverage relationships and connections to get opportunities well before you get the degree. And don't work for a bank. There's a lot more

opportunity out there than that. This is The Ramsey personality is my co-host today. Thank you for joining us, America. This is The Ramsey Show. Zach is with us in Utah. Hi, Zach. Welcome to The Ramsey Show. Hi, Dave. How are you? Great, man. What's up? Hey, I'm a new listener to the show.

I started listening in January this year. I've heard of Dave Ramsey, but I finally started listening to the show in January. And my wife and I became obsessed. So we've paid off all of our debt now except for our house. Great. It's an significant amount of debt. We had quite a bit of debt. We weren't following your

principles uh but we're now flying through the baby steps paid off 283 000 in debt so far this year and um that's ridiculous now that's amazing yeah yeah it feels really good did you sell one of your kids how'd you do that no we we've been fortunate we've been blessed to have a really good income and i've always been a saver and um we just we didn't have a structure or a strategy and so the baby steps we like say we we bought into your program and and uh attacked it with with as much uh intensity as we could wow you are you're doing great. How can we help today? Thank you. So, we're in a position now where all we have left is our mortgage, and we actually have enough saved almost exactly to pay off the mortgage today, but that wouldn't leave us with any sort of emergency

fund. And so, anyway, the goal is, my goal, my goal is to get my, my wife and my four kids. We want to be, uh, at your studio doing our, our complete debt-free screen by the end of the year. I'm just wondering what you would recommend as far as how much of an emergency fund I should have before we go ahead and pay off the house. Okay. Wow. What's the balance on the house? Uh, 390,000 somewhere in there. And you have that in savings? I do. And you paid off 283,000. I have. What do you make? Uh, about a half million a year. Okay. That still doesn't do those numbers. That's amazing. Yeah, like I say, I've been...

You've been doing this more than since January then. Or you already had savings? Well, I've been saving more than since January, yes. Yeah, okay. We've had a good income for a lot of years. We just haven't followed your program. We were kind of done with that we had a home equity line of credit with a you know a bunch of debt that we didn't need okay and uh well let's uh let's just i mean we can play around with all kinds of numbers the rule of thumb on the emergency fund is three to six months

of expenses obviously if your house is paid off your expenses are lower but you need some money laying around so when life happens it's a it's a grandma's rainy day fund right that's what that is right in your world um i mean your expenses are going to be fairly low uh so i mean i would think 20 or 30 probably 30 000. I'm just making that up. That ought to cover you for more than three months, shouldn't it? Well, that would make me nervous. I've never had that little in savings. Okay, so what would you like for your emergency fund to be?

Well, I mean, the thing that makes me the most nervous my my job it's been really good but it's it's always changing it's a hundred percent commission job and um so i that's kind of why so what does it take to operate your household everything included taxes uh property taxes insurance groceries what's it take to operate your household for a month? I would say probably, I'm new to this debt being paid off, but I'd say probably at least $6,000 a month. Okay. So three of those would be $18,000. Six of those would be $36,000. Okay. So I said $30,000. If you want to say you want to say 40 it doesn't need to be 80 okay so i you know i'm anywhere 30 to 50 is going to be good with me uh that sounds like it's about

that you know because you want some extra cushion and i'm good with that but i mean and we're going to add to the valid fact that your income is somewhat volatile or potentially volatile so if we do that how long does it take you let's call it 40 just for discussions purposes okay so that means you're if you if you hold 40 aside you throw everything else at the mortgage you got a forty thousand dollar balance on the mortgage right right how fast you pay that off by christmas one month i i could do that one month i could do that next month okay yeah well let's do that yeah yeah just just write them a check right now for everything but 40 hold 40 back and next month send them a check for 40 and be done okay i was i was thinking maybe waiting until i had it all plus the emergency fund and then paying out.

But you'd recommend paying everything out now. No, I just thought about it now. I thought about it now. Okay. Because here's what this is doing. It's getting you – because you're deriving more peace from this pile of money than you are from the debt-free house. And I want to move you to – I want to move that piece location over to the debt free house so i'm going to go and throw all this money about 40 at that and get you used to having 40 in the account oh and by the way by christmas you're going to have a lot more than 40 in the account

because you're going to keep saving because you can't keep yourself from doing it right okay we'll get her done yeah yeah so congratulations man what do you do for a living thank you uh i uh run a sales team solar is what we do wow yeah solar in utah yeah big big business yeah wow good for you he's killing it that's wonderful yeah i mean amazing to be able to save that amount of money so i don't know that this is true today but i have heard throughout my 40 plus year working life that overall one of the best paid positions anywhere is sales that's still correct absolutely because there's guys like that or guys like we had a minute ago that wanted to go to luxury real estate but was in making bank and tech sales. Or you've got guys and gals that are pharmaceutical sales, $200, $300 a year.

You've got medical device sales, $200, $300 a year. You've got real estate sales. Yeah. Here's one for you that you don't even think about, just to illustrate your point. I played golf with a guy the other day. He makes big, crazy money. You know what he sells? Those giant pipes that you see along the side of the road when you put into development.

It's all about moving water. But somebody sells those things, and they're big dollars. Because you think about construction companies or governments are paying for those things. Yeah, and he's the guy who makes the deal. And he's selling those things. There you go. And here's another interesting thing. The number of sales and marketing people that end up being presidents of companies

is greater than a lot of other positions. It is a natural flow of things. And so a guy like what Zach's doing, he's got – my point is he's not only making bank, but he's got tremendous upside potential even from that. So, yeah, sales is not a, it is not a negative career path by any stretch. No. Yeah, you can do very, very well there. Ryan's in Knoxville.

Hey, Ryan, welcome to the Ramsey Show. Thanks for having me. Sure. What's up? So I have recently been given a job opportunity that when you compare salaries compared to my current job, it pays more. But after reviewing benefits, it seems like it possibly could be a pay cut. But this job is doing something more along the lines of what I want to do versus what I'm currently doing, which is not necessarily what I want to do. What's the long-term potential on this? It is with a private company that has been growing for over the last five years and

is projected to grow more. And with that their teams and opportunities will continue to grow. And it's the kind of work you want to be doing? Yes, it's a lot more along the lines of what I want.

Dave, what do you think? I tend to take, I'd bet on myself if it's really where you want to be long-term, and I'd fix my budget a little bit to absorb that, if you feel like you're going to make more in the short term. Yeah. I guess the question is, how much of a difference is it? Is it a $30,000 a year difference or a $3,000 a year difference? Yeah, don't take the big difference. We're talking a little bit. If it's a $3,000 a year difference? Yeah, don't take the big difference. We're talking a little bit.

If it's a $3,000 a year difference, shut up and go do the new thing. Stop your whining. If it's a $30,000, then maybe you need to rethink it. Yeah, say pass. Yeah. This is The Ramsey Personality, is my co-host today open phones at 888-825-5225 so ken as a uh certified capitalist pig are you talking about me or you me oh and you i was gonna say i wanted to be included in that okay well we'll we'll we'll be co-pigs there is there and uh but in that case

what i uh never want someone to do in career and i want to get your professional career input on this is i have seen too many people trade a wonderful income potential and or wonderful income for one of two things or both. And I think the trade was a bad trade. Thing one is I will make less because I work for because it's the company or the institution is stable. Like I'm going to take a state job. Right. is stable like i'm going to take a state job right as an auditor and i'm going to make 75 cents on the dollar of what i could make in an accounting firm as an auditor but it's stable bullcrap number one okay number two is i i don't want to leave the benefits package or i i i don't want i'll go i'll work for less because i can go over there

for the benefits package like you know i had i actually had a person tell me one time i mean this is how people's brains get screwed up on this they they were paying for their own health insurance it was eight hundred dollars a month which is $10,000 a year and they took a job making $30,000 less because the health care was free right I'm like that ain't free dude that's right you just lost 20 grand yeah you know I mean yeah you got rid of a $10,000 expense but you also got rid of thirty thousand dollars worth of your income so that's a bad people don't do math well on the risk differentiation to the quote stable job and they don't do math well sometimes not everybody but some people don't on the the benefits package i get this grunt over you know my benefits package it's like yeah but you make nothing that's correct uh, first of all,

I completely agree. If you go the stability route, you're settling. And you've just already, you've just sold yourself and your future and your potential. You've sold it out because you said, I'm going to take what is safe, what is stable. And what you're really saying is I'm going to settle because I'm afraid to put myself out there and deal with change when change happens. That's number one. On this other issue on benefits, it's odd, Dave, because they'll end up choosing a benefit that doesn't benefit them financially. It's an oxymoron.

It's like you chose this job over benefits, but it didn't benefit you. And you're exactly right. For years before I came to work at Ramsey Solutions, Stacey and I ran a small business, just Stacey and I together. And we had to pay for health care ourselves but we had no other expenses and it was just us so we were able to make we were straight commission sales as you know we sold sponsorships a lot of good money in those years well but the bottom line is yeah it was it was crazy to see the cost of it but it didn't matter because we made so much more working for ourselves and we had no other overhead at all so you've got to look at the whole kind of peel the whole onion

there and like you said and don't make a decision based on safety because many times there's fear that is clouding your judgment anyway so you're absolutely right don't make a decision on benefits well and the thing is it's's not safer. That's correct. Because of the trade, you traded a bunch of income that would have given you more safety than the stability gave you. Correct. I mean, if you give up $300,000 over a period of years in order to, quote, be safe, if you'd had that $300,000 in your pocket, you would have safer than true working in this toxic environment where people are underperforming that's correct because they all ran to safety too so uh one of the things i grew up in a straight commission household mom and daddy were in the real estate business and so they always taught us that your only safety is in

your ability to go get it the next thing amen and so if you have the ability to go get another thing, you're safe. So you are your safety. You're keeping your skills sharp, keeping them current, staying on top of things. You're only as safe as your ability to land the next deal. That's correct. You have to believe in you and not let fear dictate your decisions. We have so much fear in this country and really around the globe. And this is an example where you'll take a bad job or you won't leave a government job where you've never gotten promoted. Or if you get promoted at all, it's very little.

You have no opportunity for growth. And you're absolutely right, Dave. The amount of money that you've passed up on is silly. So the safe choice is silly. And I get this question a lot. And sometimes people trade doing something they love for that oh yeah they'll take the safe thing that they hate right over the thing that that feels risky to them so i go into business for myself i'm selling books out of the trunk of my car

my sweet grandmother my grandpa my grandpa was one of my heroes grandpa ramsey was one of my heroes he was just a wonderful man uh but he lost a business in the great depression went to work for alcoa aluminum and accounting worked there 38 years was head cost account when he left so he had worked his way up he'd done very well there had a great career but uh he never would do anything else because of the fear that the scars of having lost the other thing and um and plus she wasn't gonna have him do anything else oh yeah she wanted the safety the security of freaking alcohol aluminum right he didn't want to sleep on the couch right and so um so he has passed away at this point and i've opened this business and i'm

selling the books out of the trunk of my car my grandmother's calling me up are you okay are y'all okay are y'all okay and i'll never forget never forget when I sold my one millionth financial peace book. Wow. She called up and she said, I'm just worried. When are you going to get a real job? That's classic. A million books. But she didn't understand.

I mean, bless her heart. She could be. I'm not running her down and i'm not disparaging her memory she's one of my favorite people too but but it's just that's that mentality of you know i got a lot of security from that million book sales yeah yeah yeah say the least yeah like anyway yeah yeah you know what she was saying though she was saying i don't understand what you do i don't know what this is and it's scary it's scary what we do not know we fear yeah the entrepreneurial journey for that is a super scary for a person that's not that so

but our my point is not everybody has to be an entrepreneur not everybody's seven million bucks that's not what we're talking about what we're talking about is that last caller made me think of this he he's like i don't know man the benefits package is not as good and and he was actually in his case doing math to his credit he was he said you know actually he's going to cost me more for my health insurance. I get a raise, but after I pay more for the health insurance, I'm actually probably making a little less. That's right, which is why I took it to him and said, and this is the question you all have to answer in the same scenario. If I take a temporary, if I look at my overall budget and it's a little bit less, I only do that if it's not a cost it's an investment so if he takes this job and let's

say six months from the time he takes it's a good chance he's going to get a nice bump or he starts making more or within six months to a year he's positioned for promotion to make way more now that becomes not a cost but an investment yeah at which point you would change your budget it's why we that's why we have every dollar you come in and you go all right a 401k you have to put the money in the 401k that's correct so you get to decide yeah and the company might or might not match so the match is the only actual financial benefit correct you can do a a retirement plan if you don't have a 401k roth ira right yeah that you put the money into now there's no match obviously there but if your your new company has no match and you currently have no match you can't go i'm going over there

because they have a 401k that's correct because it does it's zero it's worth zero that's true it's not worth a debt because they're not matching you're not getting a match now you're not getting a match then both of them are your dollars going in why but people get in their head that that's a benefit package now most companies today do match so that's you know you're going to find that but but even that don't take a three percent match on a 401k and then take a fifteen thousand dollar pay cut that's right and call that a gain because it's not that's correct you're not making that much you got to look into the numbers what does it actually mean what's the short-term decision that best gets me to where we want to be long term always is the where can i make the most money doing what i love that's

right and the rest of it figure it out that's right but i mean sell a million books and you don't worry about i mean go go make more money and you will find your safety there. You can buy benefits with more money. Yeah. That's the thing. Just don't make these trades. They're bad trades, y'all. You don't have to be an entrepreneur to do that.

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