The Ramsey Show - App - Will Today Be the Day You Decide To Change Everything?

Episode Date: April 20, 2022

Dave Ramsey & Rachel Cruze discuss: How one L.A. couple decided going into debt for their wedding wasn't an option, The moment you decide you need to change your financial future, A young lady who worked 96 hours a week as a nurse to pay off $234k in debt! Buying a rental when you still have a mortgage on your primary residence. 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. This is the show where we help people build wealth, do work that they love create amazing relationships deal with your career your mental wellness everything involved rachel cruz best selling author my daughter is my co-host today open phones at 888-825-5225 that's 888-825-5225. The call is free, and some say the advice is worth exactly what you pay for it.

So, Rachel, these people just got married, made Good Morning America. Oh, yes. With a $500 wedding. And her wedding dress was $47. And I thought, I will give you the applause well and especially if you don't have the money right like that's the point they were like their goal was they didn't want to go into debt good morning america did a full uh feature on them the other day and uh abc news our friends up there um uh this couple uh kyra and joel broken bro brawl i can't say bro

broken bro i guess it is yeah um we're able to pull everything off for just five hundred dollars uh in los angeles which is way less than the nearly thirty thousand dollar national average uh for a wedding and um their goal was just to be as minimal as possible kyra said and to spend the least amount of money possible the bride and groom said they were able to do that by putting a heavy focus on not going into debt while starting their marriage way to go guys you're kind of people that's our people right there i like you yeah so uh she apparently bought the dress online for 47 and i thought it was going to be when i was reading this and looked at the article i thought it was going to be one of

those um uh deals i don't know consignment there's a thing where the like the prom dresses and stuff and all that yeah yeah that you can that that's uh but that's a rental thing isn't it yeah i mean there's all there's all kinds of things but hers was a legit beautiful white dress that yeah she just found a deal on it yeah yeah and it's probably honestly was not called a wedding dress like it was a long i saw the picture it was beautiful just a long white very elegant looking dress but it's almost like a cocktail dress when they put like um well cocktail is shorts oh i'm sorry it was it was a full length gown it wasn't i will i will educate you on that but uh no but i watched the clip too and and she a lot of their family helped with certain things so like the her aunt did the flowers uh her sister had a beautiful like runner for the aisle and they

got married i thought this was great the venue was free because it was literally on the side of the road in la.A. Yeah. So like one of those pull-offs. You pull off and it's a huge view. It's overlooking the ocean. Yeah. It was beautiful.

And I guess they just. Pacific Highway. And everyone just parked right there and they got white chairs right down. So she probably rented the chair. It's probably part of the $500 budget. The fine from the highway patrol was $2,000. The wedding was $500. I don't know, but they did it. I was this is brilliant like it was great and it was beautiful too because she said she was like listen it's our wedding and we didn't want to go into debt for it

and this is what we had one day it's one day and it's and it's to show and bear witness to the fact that we are giving vows to each other to be before god before god in a lifelong commitment and the people there and so the guests paid for their own food and drink at the reception and she said they didn't mind because they knew what they were doing she was like they know what they were signing up for that not because you were cheap but because you're trying to stay out of debt or get out of debt or something 100 and you told me uh i i would i would definitely pick up my food and drink at the reception as a guest and i will pick up somebody else's. Yep.

You know, I just think it's so cool. And, you know, I mean, there might have been some little, I don't know, some little niece or something that didn't think it was cool, but I bet all the old people loved it. Oh, absolutely. And, again, it's because there's a greater why for it all, right? They didn't want to go into debt. So, anyways, it was awesome.

So great. Gosh, so great. Versus there was a story. I actually was on morning america about two years ago to do a segment on weddings and it was like they covered this one wedding and it was like photo booths and fondue fat all of this stuff which is not bad and i want to say that you can have a great big wedding if you can pay for it but they were taking out a personal loan for the expenses of their wedding right so we did a whole segment on it but i'm like that versus this so polar opposite and and there's just there's there's such a beauty in that contentment piece that i think is just awesome so well we we've had big weddings in the ramsey family you and your sister your brother we just love big parties and we love big celebrations and so we've enjoyed that,

but we could afford to write whatever check that was. It wasn't completely unreasonable, but you gave us a budget, but we did give you a budget. It was a nice budget, but it was a budget, and so, but just the same, I mean, this is, I'm thinking of other people on our team here who've gotten married, lots of them for under $10,000, lots of under $10,000 weddings. And here's the thing. It's one day. I mean, if you said, I'm going to go out to eat and spend $30,000, you would shoot.

I mean, you would go, no, no, because it's one day. I'm going to go on a one-day vacation. You know, I'm going to this place, and we're going to stay one night and one day, and the to go on a one day vacation you know i'm going to this place and we're going to stay one night and one day and the cost is ten thousand dollars or thirty thousand dollars you would be going what but that's essentially what a wedding i mean it's a one day thing or two day thing with a rehearsal dinner but you know oh my gosh yeah so uh it's okay to do it you just need to have the money but uh we've created this um expectation almost of what it should be yeah it's just crazy it's almost created by the by the businesses around it too the diamond industry the uh the i don't know who but we've romanticized in

america weddings uh india and america the weddings are both just over the top. But most other cultures, they're not. And so I just love this. I think it's so mature. And they're really married before God, she said, and before their friends. And they're going to have a great life. It's awesome. And I just, way to go.

Hats off from the Ramseys. So good. You guys are pretty incredible. The Ramsey team here brought this to us and said we wanted to salute you guys. You know what I told Daniel, my brother, when he got married? I was like, listen, take the wedding budget, cut it in half, use the half for the wedding, and use the other half for marriage counseling all years down the road because working on your marriage is a whole lot, has a lot more value than the day. It really does.

Oh, yeah. He didn't do it. I know. And neither did you. No, I didn't. I had that advice after. It's easy to tell other people after you're done, right? I love it all right we're going to talk to you about your life and your money so by the way the average household income in america is around 60 000 the average budget for a wedding is around

30 000 so people often ask us about a wedding that means the average is people spend half of a year's income that's the average now do you this is a case where you'd want to be below average. But if you make $100,000 a year, if you spend more than $50,000, you're out of control. And for wedding engagement rings, your rule of thumb is like? One month's. One month's income, max. Jewelry stores tell you three, but they're in the jewelry sales business, so keep that in mind. One month month max.

And there is no correlation between the size of the diamond and how long the marriage lasts. As a matter of fact, there may be an inverse correlation. This is the Ramsey Shadow. buying a home for the first time is exciting but it comes with its challenges too if you're not careful some rookie mistakes can cause the home you buy to become more of a curse than a blessing. I want you to own a house. I just don't want it to own you. Now, any home buyer out there should have a trusted professional guiding them along the way. But the absolute last thing that an inexperienced buyer needs is an inexperienced real estate agent offering advice. You need an agent with the heart of a teacher who looks out for you.

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Hi, Gray. Welcome to the show. Hi. Thank you for having me. Hi, Rachel. Hi, Dave. Sure. How can we help?

So I finally, well, my wife and I finally got scared enough and mad enough at our debt to stop our plan and start your plan. And I have heard you mention in the past, there's a couple of things that you recommend before baby step one. I believe it's term life insurance and identity theft, maybe a will. And the biggest part of this is if we are behind on our bills. So there's a couple like a car payment and one credit card we're behind on. Is that, do we get current before saving the thousand or do we save the thousand like crazy and then get current? Um, okay.

The will, the term insurance and, um um the identity theft insurance are just simply not a baby step so it's not that you have to do those before you start the baby steps but they're all something you need to do as soon as you can okay but it might be that you're deep into baby step two before you actually implement those uh i wouldn't say you have to get those done before you start baby step one as far as getting caught up on your bills yeah i would get caught up on your bills um and that's your that's your first thing let's get to even let's get to even and uh the good news is you've already started concentrating on this and so when you do this month's budget you'll probably get even won't you yes it'll probably be out three weeks to get even yeah

okay all right so what happened gray i'm curious for you guys you said we got mad enough and scared enough um what was well i got the biggest paycheck um single week paycheck in the history of my life and it wasn't enough to pay all of our bills and i i was scared. My wife was scared the day before we got the paycheck because she saw how much it was going to be and said, that's not enough. And then I heard a debt-free scream from some people last week that they had a construction company. They sold kitchen counters or something. And in three years, they paid off over a million. And I was like, that's it. I see the light at the end of the tunnel. We can do this. And, um, eventually we won't have to be scared, but right now

we're scared, but there's a solution. That's not ours that we can get there. Yeah. How old are you guys? I am 31 and my wife is 32. long you've been married four years okay how much are your car payments um one vehicle is 340 and the other vehicle is 360 okay probably need to sell one of them okay you got 700 a car payments what's your household income uh take home about 63 000 a year i know you need to sell one of them okay and you you get to pick which one but it's probably yours not hers so definitely my pickup truck okay so here's the thing um you said like five times

that you're scared and it's a good scared because it's the kind of scared that says i got to get out of the middle of the road a truck's coming right that's a good scared um but with that um i've been where you are and i remember how it feels to have your stomach in your throat and not be able to breathe and i know how terrified my wife was and we were your age okay so number one piece of information that you need to tell your wife tonight number one cause of divorce in north america today of money of marital fights, marital discord, is money stress. Number one cause. And you're square in the middle of it.

And that terror that she feels and that hit on your self-esteem that you feel because you can't seem to get it together up until today, okay, is they feed on each other she's afraid her claws come out that makes you feel less when you feel less that makes her more afraid and it's a really vicious circle okay so you guys have to look at each other take her hands in your hands give her a big hug and go okay we're doing this together um we are not going to live like this anymore and we are not going to live like this anymore, and we are not going to let this take our marriage.

And as a matter of fact, it's going to make our marriage stronger. But you have to say it out loud, okay? I can do that. We can do that. Yeah, because I don't want that to sneak up on you because even if you thought you had a really good marriage, and you may, you may, but this is the ultimate stressor on a marriage so just know that you know if the number one way people die in your area is bear attack there is a bear in your living room

okay and so you go oh this is a problem it's the number one thing right so um yeah really don't let the bear in the living room and so um that's what you got to do you got to put your arms around her and hold on tight for the ride now we're going to put you into ramsey plus which will plug you into financial peace university i want you to go through the classes together we'll put you in every dollar the premium app it's part of it too where you can do the budget together and and there's going to be a lot of people in there that are facing the same kind of stuff you're facing we'll put you into a group it's all on us we're gonna pay for it because i've been where you've been the only thing i request is that you do

everything we tell you to do and you go win and then the second thing is someday when you're rich you give it to some young couple that's scared okay absolutely thank you so much for your generosity and if you get scared and you don't know what to do on some little detail thing as you're working this, you call us again. We're here for you, okay? Okay. Thank you. All right. God bless you, brother. That's most people. Yeah. Yep.

78% of Americans live paycheck to paycheck. When you drive down the street, 8 out of 10 houses on your street have too much month left at the end of the money. Normal in this country today is broke, and that sucks. It's not okay. It's not okay. And that's the bad news. The good news is you can do something about it. You get to wake up every day and make a decision.

And I love even the selling the car, so mathematically, absolutely. But there's almost this, like, jilt in your system that you need when you've been doing the same thing even though it's wrong over and over and over and over you become comfortable you become familiar with it and it's almost like when you change course and you do something like this and you just do something that feels radical and he's like oh it's gonna be my truck selling the truck like it's gonna hurt it's not gonna be my truck. Selling the truck. Like, it's going to hurt. It's not going to be fun. But you're doing stuff. Cutting out my credit cards. I'm going to sell the truck.

I'm not going out to eat. I'm going to do some radical stuff. I'm not living like this anymore. Ah! You've got to have that thing happen down inside of you. When you do, you'll be ready, baby. And we're here to help. We can show you how.

But you can wander into debt, but you can't wander out. It's not an intellectual exercise. You got to get so pissed off you can't breathe. I'm getting out. And that's right where he is. He's scared and he's mad. And oh, that's a really good place to be. This is The Ramsey Show. We'll be right back. Rachel Cruz, Ramsey Personality, is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Candice is with us. Hey, Candice, how are you? I'm fine. Good to have you. Good to have you. Where do you live? Indianapolis, Indiana.

Awesome. And all the way here to do a debt-free scream. Yep. How much did you pay off? $234,000. Oh, my gosh! Whoa! How long did this take? 31 months.

Look at you! I love it. And your range of income during that time? $74,000 to $275,000. Whoa. What do you do for a living? I'm a nurse practitioner. So you went to travel nursing, huh? I did not. I stayed as a nurse practitioner full-time,

and then I worked in the hospital as a nurse full-time as well. And then I had another part-time MP job. So you were doing 80, 90 hours a week? 96. Oh, my gosh, Candace. You're a beast, girl. I love it. I want to know your schedule.

What did a typical day, because you worked every day during the week. Yep, so I did. Nine hours on Monday, Tuesday. After Monday and Tuesday, I worked at my third job on Mondays. Tuesday, I did four hours in my second job. Wednesdays, I do nine hours.

I take a two-hour nap. Then I go to the hospital for 12 hours. Then I take a nap, and then I do six hours on Thursdays. Fridays, nine or ten hours. Nap, 12 hours. 12 to 16 hours on Saturday. How long did you do this? 96 hours.

I did that for the last probably nine months and then 80 hours before that. Before that. What are you down to now that you're free? I'm still working a lot, but I'm throwing in vacations with it. You kind of got the rhythm now. Okay, what kind of debt was the $234,000? This must be all the school debt, huh? It was $114,000 in school loans, $30,000 in one car, and $16,000 in another car, $10,000 in taxes, $30,000 in credit cards, and $65,000 on a mortgage.

You paid off your house? Yep. Oh, wow. Okay, no, wait a minute. You're single. Why do you have two cars? Because I drove a convertible. Oh, now I understand.

And in Indianapolis, it snows and it's icy. So I needed to, yeah. Oh, my gosh. That's so funny. And you kept them and paid them off i have both yeah look at you what happened what happened months ago that just made you 31 months ago 31 months ago you went crazy i mean man i guess about four or five years ago, I bought Dave Ramsey's, the debt free makeover. And I put it to the side because I was in school and I couldn't focus. And then when I graduated with my master's degree, about a month after I spent all my credit card money, used up my credit cards. And you realizing that all my money was going to credit card debt, car loans.

I picked up the book and I read it in two days and it was just life transforming for me from there um so I started budgeting um I was davish initially and then the end of 2020 um I kind of put the gas on I went gazelle intense kind of was um disappointed in myself because I did a lot of traveling trying to pay everything off and I realized where I could have been um so 2021 January until September when I paid my school loans off I pretty much did 80 hours and then the last three months I paid my school loans off I did 96 and then I kind of kept going and then finished my mortgage off in March. Wow, look at you. Yeah. You are amazing.

You're a machine. This is so good. Was it worth all that? Absolutely. Absolutely. How do you feel? I feel free. So that's probably the best term that I can use.

I feel free. You've been overwhelmed before, weren't you? Absolutely. Overwhelmed, discouraged. Scared. Scared. So tell me this, Candice, because there's probably people listening that could be in a very similar situation of what you were 32 months ago, right? And they're thinking, but there's no way I can do this.

There's no way. I mean, this is going to be my life. What would you say to people that think that way, that it's just impossible? They've lost all hope. What would you say um i would say just keep pushing um set a goal stick to it um realize that the plan can change a million times like mine did but the goal never changed yeah my goal was to become debt-free and i'm debt-free just eye on the prize yes i it. Wow. So where did you learn to work like that? My mother.

Okay. Yeah. She was a worker. Your mom's a wild animal, huh? Yep. Single mom of four. She worked two jobs, always doing overtime. So I've always had good work ethic.

So if I want something, I go work for it basically that's it that's it no other way don't sell that convertible you just i won't i'm gonna just go work extra hours i love it yeah oh okay so what were people saying during this journey because i mean people had to be looking i mean we're worse we do this for a living and we're still just like wait what you want 95 hours a week uh yeah was everyone saying? A lot of people were inspired. A lot of people that I work with, because, of course, I spend a lot of time with them. And my friends, of course. I didn't really share my journey with everybody until I got down to my last three months of paying my school loans off.

And my friends were talking about it to people. So they were inspired. They're like, you should share it. So I started posting. And then I did the rings, paying the last $50,000 of my school loan. So a lot of people were in tune with that. So it was really, really inspiring for me and for them. So it was really, really nice. They were definitely inspired. A lot of people were discouraged because they're like, oh, I don't make that much. Well, you don't have $234,000 in debt either.

And you don't work 96 hours a week. Exactly. So what do you tell people the key to getting out of debt is just being consistent always knowing that you have to sacrifice learning the aspect of delayed gratification

everything we want we usually want it now and knowing that sometimes it just takes time even with wanting a new car save up the money wait And knowing that sometimes it just takes time, you know, even with, you know, wanting a new car, you know. Yep. Save up the money, wait, and then, you know, you can get your car or whatever it is that you want. Just to delay gratification and getting away from instant gratification was probably the biggest key for me.

How old are you? 31. Your mama's got to be looking at you with tears running down her face. She's about to. Really, really proud. Yes. Yeah. I'm proud of you. tears running down her face. She's about to. Really, really proud. Yes. Yeah. I'm proud of you.

Thank you. Well done. It's pretty incredible. You're an incredible young woman. And folks, you don't have to work like this your whole life. She just did it for a short period of time. Yeah. To hit a goal.

But she knows she can. And you really can't work like that for five years in a row. You can't. Your body can't stand it. Your emotions can't stand it. But for a short period of time you can turn it on and really for just under a year you've been going like a maniac yeah and uh and now you're free completely free i figured you went uh the way the numbers jumped i figured you went travel nursing that's why i jumped on that but instead you just took a zillion hours picked up another full-time job yeah and there's two full-time

jobs and then a part-time job. Yeah, and it's all around nursing. Yeah. And always a need, isn't there, for nurses? Always a shortage. Yeah. Great career path. So proud of you.

Wow, you're amazing. Congratulations. Absolutely amazing. Absolutely. We got a copy of Baby Steps Millionaires for you. That is the next chapter in your story for sure, without a doubt. How ordinary people build extraordinary wealth and how you can too the daughter of a single mom raising four kids learned how to work by watching her mama yep her mama as you say rachel more is caught than taught

yep she saw it uh yeah and knew she could and and had the confidence i mean there's a confidence that you have that you're like i can can do this. I can do this. She's a victor. She's not a victim. Yes, that's right. Not a victim. She's a victor. It's amazing.

Pretty incredible. Pretty incredible. Beautiful stuff. You just changed your life. Copy a total money makeover for you to give away to somebody and maybe you can get them started and stir up a ruckus like you did.

I have. You are something else. You are something else. You are amazing. All right, Candice from Indianapolis. you did i have you are something else you are something else you are amazing all right candace from indianapolis 234 000 paid off in 31 months she did it in two and a half years 96 hours a week for the last nine months house and everything and she's 31 years old two cars single 100 debt Single, 100% debt-free. Wow! Count it down. Let's hear a debt-free scream. One, two, three.

I'm debt-free! Yeah! Yeah! Love it! Woo! This is The Ramsey Show. We'll be right back. Rachel Cruz, Ramsey personality, is my co-host. Open phones at 888-825-5225. Thank you for joining us, America.

We're so glad you're here. It is a free call. We're talking about building wealth, doing work that you love, having amazing relationships, and completely changing your family tree. Brooke is with us in Phoenix, Arizona. Hi, Brooke. Welcome to The Ramsey Show. Hi.

Hi, Dave. Hi, Rachel. Thank you so much for taking my call. Sure. What's up? Okay. So help me out here. So we want to either sell our current home, which has gone up to $470,000 in value.

We only owe $78,000 on it. And use that equity to put in a new property that is worth $725,000. Or if we should stay in our current house and pay it off. Now it's 1,300 square feet. We're a growing family. We're doing IVF again in June. We want to know whether we should upgrade. Now, the property that's 725 is unique because it's a family member's property. It's three and a half acres. It has a manufactured home on it. So it's not huge and it's not a real house. And it also has a barn that he converted into a detached apartment. It's really nice. Anyway, we want to buy this property. And he said he would carry us for five years

at 0% interest. And we're wanting to hopefully build a new home in five to seven years on it. So it's going to be a huge investment. Our financial advisor keeps telling us, no, don't do it. Your money is making money in the bank. Wait until your house is paid off and then use our current residence as a rental for the future and for our retirement plan.

We're currently debt free other than the $78,000 mortgage. We paid off $200,000 in five years on my PA school loans, and we paid off both of our cars last year. We are self-employed, so it was difficult to get a loan. We did hear back that we could get a loan, but 7%. So that was really high. If we put down our, if we sell our house, we estimate about a $365,000 profit. Plus we've already saved up $225,000 earmarks for our future house. So this uncle would only be carrying us for five years at around $2,200 a month. So we'd be debt free again in five years. What's your household income? So it's between $94,000 to $125,000, and I'm a PA. However, Dave, I do want to say that I haven't really worked the past three years because the reason we have, we got a settlement from a major hospital

because they made a medical error that killed my little boy. Oh, my gosh. And yeah, the ink is still wet because we just signed it. Oh my. And I didn't want to bring it up because I don't want to cry. That's okay. But immediately, right when we got that money, so we were left with, after 40%, we had to give the attorneys,

we were left with around like $800,000, $900,000, but we immediately paid off our cars, and I had already paid off $200,000 on my school loans, and we only owed $27,000. I immediately paid that. I left my mortgage on until I could talk to you because we only had the interest of $3,000. Of the settlement money, you have $200 left?

No, I'm sorry. No, no. The rest is we have around, so we have $669 in cash, and the rest is in mutual funds. Okay, so $669 in cash, and you have another $200 in mutual funds. Yeah, $291 in mutual funds, plus we we started our retirement not you said your family you said your family's growing and how big is your family now well um i had twins and so that's hard question for me to answer because my little boy died so i do have two one angel in heaven and

one here and we're doing ibf again in next month okay all right so you have one child on on earth and one in heaven and um hopefully another on the way yes okay and you're in 1300 square feet yeah okay and we've lived there for 13 years we haven't even though I was making living in a barn doesn't sound fun to me. No, no, no, no. That would be a rental. I know, but if you sell your house, if you sell your house, you're going to be living in a trailer or living in a barn. Oh, yeah, the manufactured house for three years. Yes.

Okay. So your uncle doesn't need to carry you. You have the money to pay for the property. We do, but my financial advisor says don't do it. I don't care what your financial carry you. You have the money to pay for the property. We do, but my financial advisor says don't do it. I don't care what your financial advisor said. You called me. Yeah, no, that's why I'm calling you. I'm paying cash for the property, and then I'm going to build a house,

start building a house immediately. Really? Yeah. If you're going to live on that property. That would go into our retirement. No, I thought you said you had $669,000 in the bank and $200,000 in mutual funds. You didn't, that wasn't retirement. That wasn't retirement. Well, the mutual funds I thought is part of retirement. I'm sorry. Okay, is that some of that $200,000 in retirement accounts? Like 401k or Rothoth ira brooke

or is it just it just in standard mutual funds do you know no 291 no the 291 includes the roth there's 24 000 in our roth how much do you have that is not in retirement in addition to the $669 cash. Okay, subtract this for me because I can't look at my calculator right now. So $291 minus $24 minus $30,000, which is in my daughter's UTMA. And we have $85,000 in our savings account for emergency. Okay, a little heavy on your emergency fund. Okay. My financial advisor told me to.

Well, three to six months is enough of expenses, and three to six months of expenses is not $85,000. So if you sell the property that you're in and you move in the trailer or the barn temporarily while you build, and you have, it sounds to me like you can buy the property for $700,000. Isn't that what you said? Yeah. You have $700,000 in non-retirement money now,

and you'll get the other money out of the sale of your house. Well, no, $669,000 in cash. I know. And then we'd have to sell it. I know. And then you gave me all these other numbers. Was that in the $669,000 or in addition to the $669,000? No, the $669,000 is just cash.

Okay. And then you've got $85,000. And then you've got. Okay. And then you've got $85,000. And then you've got other money. And then you've got other money that's not the $529,000 and not the $401,000. Yes. When you add those numbers together, you're well north of $700,000, and you have the equity in your house that's around $400,000. So you're saying we'll have enough for...

I'm saying to pay cash for the property and then build you a house on the property for three or four hundred thousand dollars you may end up with a small mortgage in that process okay only on the bill interest rates would be i don't want to be owing my uncle anything right well we'd pay him off and i don't care don't borrow money from relatives okay the borrower slave we're not borrowing yeah you are yeah you are oh you don't pay you don't pay him he's gonna foreclose yeah that's borrowed money kiddo yeah you're stepping up into a noose you're stepping up into a problem and you're getting ready to change your relationship with your uncle i'm not sure this house is the best house i'm not sure this property is the best property i think you're only looking at it because he brought it

to you and set it on your doorstep and the zero interest sounded good i think you might i'll just go get you a nice house i was gonna move up in house and sell your house and pay cash for it yeah i think that's actually what i'd do i don't think i'd screw with this deal i think i'd let him keep it just to look around and dream because brookman if you guys had that 400 i'm like that's north i mean like you got you got a lot of money that you're able to say you got a million dollars you can throw at something just go dream just look around and say what could we do for a million dollars i bet you could go find a really nice house for 700 000 and pay cash for it and end up with three or four hundred thousand laying around after you move in and move you know double

the house the quality of the house you're in get you a nice bigger property that'll you don't have to build you've been through all this problem you've been through the loss of a child you've been through uh the infertility treatments you've been through all this stuff you've been through the court you've been through all this other stuff i've been through the court. You've been through all this other stuff. I don't think I want the stress of building a house if I'm you. I've built a couple of them. It's not that big a deal. You can do it.

But if I were you, I'd just go get me a house, and I'd let the uncle keep his property. Actually, I'm really going to push you to do that. And I really think your financial advisor has way too much to say about your money. You're supposed to tell him what to do, not him tell you what to do. It's your money. This is The Ramsey Show. Dave here.

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