The Ramsey Show - App - Winning With Money Requires Patience! (Hour 1)

Episode Date: September 12, 2023

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, Ramsey personality, the host of The Ken Coleman Show, author of the number one bestselling book, From Paycheck to Purpose, is my co-host today. So we definitely can handle your career, job, and work questions, along with anything else you want to throw at us. The phone number is 888-825-5225.

Thanks for being there. We're going to start this hour with William in St. Louis. Hi, William. How are you? Doing good, Dave. Hi, Ken. How are you? Doing good. What's up? How can we help? Yes, I have a question. I'm 30 years old. I graduated with my degree in computer science. I currently work in the trade right now doing foundation foundation repair and I'm thinking of pursuing a career in the military but not quite sure if it's what I should be doing I don't I feel as though I don't have much of an opportunity of growth using either of the skills that I've learned or would like to do them long term okay so we have two different factors there so first

I don't feel like I have opportunity for growth. With a computer science degree, that couldn't be further from the truth. Technology is the number one industry where we stand today and going forward will continue to be so. So the sky's the limit on technology. Now in the trades, I would say that's incorrect in the trades as well. But in your particular role as foundation repair, maybe that's true. So that's one narrative problem. The second thing you brought up is I don't know if I want to do them long term. Now, that's what we need to be paying attention to.

So is the military just another option or is it something that you've always longed to do? You're a patriot. You want to serve our country in a specific way, or is it just another option that maybe I'll kick the tires on because I don't want to do computer and technology work and I don't want to be in the trades? What is it? I've always had the drive to do so since my senior year of high school and even through college, but now that I've been a working professional for this long, I feel like I can't get the opportunity with my foot in the door to use my computer degree. And like I say, doing trades, it's fun, but I'm not giving many benefits or actually any benefits at all.

Okay, well, if I offered you a job making $150,000 in computer science, would you have joy? I'm not sure complete joy, but I mean, it wouldn't hurt either. Well, I mean, why not complete joy? Honestly, money's not really a motivator for me. So back to the military thing. I thought I heard you say that you've always wanted to serve in the military since high school. Did I hear you correctly? That's correct.

Okay, then. Why? What's behind that? I haven't had much goal or general direction in what I want to do, so I just kind of fall on whatever seems easier. Okay. That's not a good answer, too. I've always wanted to be in the military. It's completely opposite. So what you have to understand is that there are things that you do well, those are your talents, and then there's things that you really enjoy doing. And to this point in your life, I think you know what those are. So if I interviewed everybody that knows you, William, what would they say are the top two or three things you do well? And we're talking about

a skill set. Could be a hard skill or a soft skill. What would they say? I'm not quite sure. I don't have that many talents. All right, now we know what's going on. So here's where we're at, William. So I'm going to give you a couple of tools that will allow you to dive into this, not under the pressure of being live on the air, okay? I'll tell you about those in a minute, but here's what's going on. Something has happened to you. Something has been said to you to where you don't believe that you have anything to offer. You don't think you have any talents. And that couldn't be further from the truth. So what we've got to do is we've got to get you to a place where you begin to see,

wait a second, I have something that I can do well that's come easy for me. People have complimented me on this. And if I'm able to get through the pain and through the past and see that, then I can begin to realize, oh, I have something that I can do well. And when we get the clues to that, there will be things that we enjoy closely aligned, if not the same thing. So stay on the line. And I want to do a couple of things. I want to give you the Get Clear Career Assessment. And this is a wonderful little tool of self-awareness. I want you to take it. And then I want you to read the book From Paycheck to Purpose. Then I want to schedule a call. Austin, let's schedule to have him call in on my show after he's done both of those things. And we'll work through what we now see. And Dave, you know, our friend John Deloney deals with this a lot too.

When someone feels as though they have no worth, they don't feel they're worthy. And then they have a hard time even identifying, I can do this well. This is a type of work that I can do and contribute to the world. And that's what's going on with him. Yeah, and then you fall backwards. That's correct. You just start selecting things by default right well i mean you just like take take the path of least resistance is like i can't

screw that up right i'll go to the military and they'll tell me what to do and i can't do it right now and that's not that this is um earl nightingale great motivator used to say that you take an 18 year old young man, young woman, and they've got the whole world in front of them. There's nothing but hope. There's nothing but dreams. There's nothing but vision. There's nothing but excitement.

And if you're not careful, how do they select their first career choice, what their friends are doing? That's right. I just got on down to factory. Come on down there hiring. Right. And that's about how much work you spend more time picking out a suit of clothes than they do a career.

That's right. And you can fall backwards into things if you don't deem yourself of great value. Yeah. And, you know, if you're in the technology world and you actually know how to do technology, the sky's the limit. Yeah, you're incredibly good. On what you can do. Yeah. But you've got to actually believe it.

And I can't get my foot in the door. It has nothing to do with the technology world. It has to do with his foot. You nailed it. See, here's what's going on with this young man and a lot of people that are listening today and watching. If you don't see how you are uniquely put together, then you will never believe that you have tremendous value. So this is really a self-awareness situation.

But I will tell you that undoubtedly, and I don't want to put him on the spot on the air, undoubtedly he has been in an environment or he's had some experiences that has made him feel as though he doesn't have much to offer. And so awareness is huge. To begin to see himself as somebody who can do things well, that's talent, who enjoys doing things, that's passion, and who is motivated by results, that's a sense of mission. And that's what's in the assessment that we'll give him. So I want the audience to know, I didn't want to put him on the spot. I've talked to so many people like that on the air that they're dealing with a cloud

of confusion. When you're in that, you don't interview well. Yeah, you can't see anything. Because anyone doing an interview looks at that person that's using that type of lingo and sentence structure, and they go, uh-uh, pretty quick. It's almost as big a turnoff as the other end of the spectrum where you get a guy, if you could buy him for what he's worth and sell him for what he thinks he's worth you'd be rich right you get a guy on the other side who's all pumped up and you know really thinks he's something he's not right yeah and that's the other end of the spectrum and so when you're when you're an employer doing an interview

or an hr person doing a recruiter doing an interview you're picking up on these vibes off of either one of these two characters we're talking about here. And it makes a difference. Quiet confidence and courage is an amazingly powerful thing. It changes your voice tone. It changes your body language. It changes the believability that you can add value to an organization. This is The Ramsey Show.

Ken Coleman, Ramsey Personality, is my co-host today. Melissa is with us in Rochester, New York. Hi, Melissa. Welcome to The Ramsey Show. Hi, good afternoon, sir. Thank you so much for having me on your show. Sure. What's up? Sure, sir. The reason why I'm calling in is because I'm having a couple of issues right now. I currently own the home that I live in.

It is completely paid off. However, that home is actually my mom's home. What was your mom's home? It's now yours. Yes, it was my mom's home. It is in my name now. It is paid off. However, it was originally my mom's home. She lost it. And so I helped her save the home. And now it's in my name. I don't feel that she'll lose it again. However, sir, my mom has made infrastructure changes to the property. This was before I even had the home. She had made infrastructure changes

and she didn't properly permit the house. So she's gone now a couple of years with having rooms that she created into the house that weren't permitted. And so now I may fear that I may be facing any type of legal issues or ramifications that can come out of a house being in my name and her doing things to the home

before they were even in my name. And so now I'm trying to just save myself any issues that may come out of all of this, and I want to just un-deed myself and deed my mom back on the property and just give her the property to take care of. How old is your mom? My mom is 70 years old.

Okay. What did she do to the house? She refinanced it. No, I'm talking about the structural issues. What did she change? She added bedrooms to the property. So she did an addition. Yes.

It changed the square footage of the house. Are they not within code? Well, no. If you didn't permit, you changed the square. It changed the square footage of the house. Are they not within code? Well, no. If you didn't permit and you changed the square, she changed the footprint, right? Yes. Oh, great. So the actual outside structure of the home is the same. It was never changed.

But what she did was she built up additional walls creating bedrooms. Inside. Inside the original footprint. Inside the original footprint, correct. Yeah, that's why they have no way of knowing what happened there right correct so no you don't have any life nothing to worry about there's nothing to worry about there's nothing to worry about right nothing to worry about unless and that's why i asked the did she rewire the house without getting

an electrical permit no did she replumb the house without getting a plumbing permit? Yes. Completely replumbed the whole house? Well, she added a bathroom. She added one bathroom. Yeah, okay. Is the construction done of reasonable quality? Yes, it is. I don't think you've got a thing to worry about.

Nothing at all. I think you've got a thing to worry about. It would all. I think you've got a thing to worry about. It would have been better to permit it, but lots of people do that kind of stuff. I mean, that's a fairly normal practice. Some municipalities are much more strict than others. I can't tell you that Rochester, New York is not the toughest in the world or something. I don't know that. But in general, it's inside the footprint.

She didn't change the dimensions of the house. And, you know, she didn't illegally do a trade other than adding a bath. I really, truly, I don't think you get a thing to worry about. And I wouldn't give her the house back. She's going to borrow against it. Well, here's what's going to happen is she's going to screw it up. And then she's going to try and leave it to you when she dies. And you got the house back. She's going to borrow against it. Well, here's what's going to happen. She's going to screw it up, and then she's going to try and leave it to you when she dies. And you've got the mess again.

You're going to get it back. This thing's a boomerang. Yes. And now my one fear right now is, so the conditions of the house, the roof needs to be replaced. That's about $20,000. The driveway needs to be replaced. Fencing needs to be added because she hasn't.

Is she living in it or are you? We're both living in it right now. What do you make a year? Right now, I'm not working. I decided to put myself back into school, and I just graduated two months ago. How do you people eat? Where's the money? Well, I have savings that I use up right now.

I only have about 2000 savings left. And you have a paid four houses all run down. Come again, sir. It's you have a paid four house, but it's all run down. Yes, it's run down. And what are you getting ready to do for a career now? I'm getting ready to go into public safety, law enforcement to be specific. And you'll be making what?

I'll be making approximately $60,000 a year. Okay. All right. And I currently have. Okay. I would not deed it back to her. I would either sell it to an investor as is and you guys go about your merry way or i would sit there with a plan to to gradually do the uh repairs that need to be done out of cash from your new job

part of this is you want to get rid of the of all the negative things that your mom represents by getting rid of this house yes sir because right now she rents out that's where some of the income is coming and she did additional bedrooms she rents out the bedrooms and so that income she claims it all because that's technically her retirement so she doesn't work i'm sorry the house is yours how does she rent out your house and she collects the rent y'all are weird yes it's only because it's only because the house was originally mine i did save it from her i didn't technically have any financial investment in it um how did you save it then um i was able to um when she short sold the house i was able to purchase it for about forty thousand dollars and that's called a financial investment yes and she has since then refunded me that money

okay um you don't have boundaries is you know i you know i i mean i think you might be right melissa i actually i'm changing i'm going to change my mind right here in the middle of this call wow i think you deed it to her and let her have it, and you go have a life. And when she passes away, you auction it off. Don't you ever move in it. Okay. I think this house and all the chaos that occurs around your mother in this house is all a huge negative spot for you. And a clean, fresh start in criminal justice system is a great thing

for you clean no chaos simple little one-bedroom apartment and you build up some cash again and you've come out even she gave you the money back that you used to save the short sale but you can just push all of this chaotic weirdness over to the side and not have to worry about it anymore and just i would yeah i would talk to a title company and i'd deed it out of your name into hers and you go move but only if there's a clean break there yeah you have to you have to stay away your own place you have to have your life completely separate completely clean all the chaos stays over there on her side of the fence. Don't help with the roof. Anything around this mom figure is chaotic.

I can smell it in the air. She's a character. Mom's a character. And then you're sitting there trying to be a normal person in the middle of this character. And that's why I called y'all weird. So I couldn't figure out how you own the house and she's collecting the rent. But now I'm starting to understand. So, yeah, I think it is a good idea.

Let's just get away from it but not because of the remodeling uh because of the chaos around your mom and this is never going to be it's always going to be the weird part of your life until you give it a little bit of distance and a little bit of a boundary all right casey's in st petersburg florida hi casey what? Hi. Thank you for taking my call. Sure. How can I help? So I've just been listening to your show for about a month now, and I understand a little bit about the Baby Steps,

and I actually just signed up for the Financial Peace course through my church. Wow, great. To get started on that, yeah. So my situation is that I am 41, single. I have 183,000 in student loan debt. You're a doctor or a lawyer? Nurse practitioner. Oh, good. That's even better. Okay. So you're making what, 110? I'm making 135. 135 i love it what other debts have you got um i have 8 000 in private student loan debt okay um 5 000 in a parent plus loan for my daughter and i have this is the really hard part to even say out loud is I have $19,000 in credit card debt from medical bills and other things.

Okay. What we're going to do is just do what we do in Financial Peace University. You're going to live on beans and rice, rice and beans. You make a wonderful income. And as a nurse practitioner, you can also pick up some side gigs called ER on the weekends, and it pays really well. I want you working all the time. I want you spending no money, no restaurants, no eating out, no vacations, no life. And now we're making 150, 160. We're going to live on about 40. We're going to throw 100 at this student loan debt

and you're going to be 100% debt free in around two years, but it's going to be two years of hell. So get ready. It'll be worth it though, because you'll be free. That two years but it's going to be two years of hell so get ready it'll be worth it though because you'll be free that's exactly how you're going to attack this with great focused intensity good question i'm proud of you get at it holler if you need some more help ken coleman ramsey personality is my co-host today I'm Dave Ramsey thanks for joining us the phone number is 888-825-5225 Rebecca is in Denver hi Rebecca welcome to the Ramsey show hi Dave thanks for taking my call sure what's up I'm wondering what your thoughts are on purchasing a custom tiny home. Okay.

So my situation is I'm going through a divorce. My daughter and I are living in an apartment and we're selling our house and wondering on the other end of it, I should have between 100 and125,000 from the equity. I'm going to beef up my emergency fund, and then I could pay cash for a custom tiny house, and my daughter is a senior in high school. Otherwise, I'll probably stay in the apartment for a few years, trying to save some more money. Just kind of was wondering. I know how you feel about trailers.

I wasn't sure if it was the same with the tiny houses. Yeah. What's your uh income uh 85 000 a year all right and um how long were you married seven years i'm sorry it's a hard thing to go through um yeah well here's the problem with the tiny house, other than the fact that it's tiny. Here's the problem with the tiny house. There is no track record out there. It's a fairly new phenomenon, and there's no track record out there that says that there's a secondary market for it, meaning when you get ready to sell it there's no evidence in the marketplace yet that you're going to be able to sell it at all and that you'll be able to sell it

for a price even close to what you paid for it so you could get really stuck um if they you know you know so why is it i don't like mobile homes well there's a long track record they go down in value a hundred percent of the time okay so we have a pattern an observable pattern and in finance things that's what you're looking for is an observable pattern and so it's why you would like for instance if you bought a a home in a neighborhood that is way out on the edge of town and is brand new, that's not as predictable an environment as buying a home in a tree-lined street that has been there for 20 years and is very predictable. You follow me? Yes. for 20 years and is very predictable you follow me so yeah even those two neighborhoods those are both single-family homes i'm discussing there but those two neighborhoods give you

a predictable pattern and that's why i would never buy a tiny home because it's such a new phenomenon we don't know what's going to happen and and we do know this we do know this the market is uh is nowhere the number of people looking for a tiny home at a given moment would be way smaller than the number of people looking for a regular home agreed yes so your your opportunity to your your buyer pool that you would sell to is very small no pun intended so not physically small but number small but the uh there's a lot of tiny home jokes here but yeah the uh yeah so i i yeah no i would not buy one for that reason it's that simple it's not that i hate on them or something like that i do hate the i i this idea that they're presented out there as somehow the answer to high house prices the answer to this or that they're not the answer you know not yet someday

there may be a robust market of people buying other people's tiny homes uh but today there's not and so no i would tell you don't do that i would rent an apartment for a little while i don't think it's going to be five years i i think you can go buy a home you have a good income you got a hundred thousand bucks to put down so get you a good 15 year fix you know denver's an expensive market it's tough to buy there but i would not give up on real estate for five years so you kind of presented me three options i'm gonna be in an apartment i'm gonna buy a tiny home or i'm gonna be in an apartment wait five years two options uh and i think you're an apartment a lot less than five years um but part of this is you guys

getting your your spirits and your emotions reset after this pain that you two have been through, you and your daughter. And just having a simple apartment situation is not a bad thing for a year. And just use that year to live very conservatively and add to the $100,000 down payment and then talk about maybe this time next year you're talking about buying a home. And, you know, it's a presidential election year. Maybe we'll see interest rates come down. Who knows, other than the fact that they almost always do during a presidential election because it's hard to get elected you pretty much give up the white house if you give up the economy so we kind of got that coming right there is that and i you know i also think just with all the pain

and trauma that they're going through that high school senior daughter needs some space and you're in a tiny home there's no space and her having her own you know place to move around that senior year let you guys heal and get stable i think this comes from a lot of people feel like uh renting is throwing money away and it's not when we're getting stable it's not when it's patience with a plan yes you know spoken like a dad of teenagers. Okay. Yes. Mary is in Washington, D.C. Hi, Mary. How are you? I'm doing okay. How are you guys doing? Better than we deserve. How can we help? Yeah, I was calling in. My husband and I have just started following your program. And, you know, we've made some, I think, smart decisions over the years, but we've been doing things in the different, in the, not necessarily the order that you guys have laid out.

And so I wanted to call in and check to see sort of a challenging question, a moral question, is should we pull back on things like tithing or retirement in the short term to focus on debt. It feels odd to do that, but I know that it's a hunk of money. So I don't know. We're just calling to get your thoughts and advice on that. Okay. We never tell people to pull back on their tithe. Okay. Tithe is off the top.

It's first fruits. It says in Proverbs many times. And so it's the first thing you do. So if you're a person of faith, which is what you're indicating by saying tithe, because that's a word associated with our faith. So Judeo-Christian ethic of some kind, whether you're Christian or Jewish, either one, but that's where the word tithe comes from. So you're putting that up front. Now, the rest of it is the most powerful wealth-building tool you have is your income. And when you give it to someone else in the form of debt payments, you slow down your ability to build wealth. So how old are you guys?

40, 41. Okay. And how much debt do you have not counting your home? About $60,000. On what? 58 of it is student loans and then $2,000 left on a car. And what's your household income? About $110,000. Okay. And how much do you have in retirement now? We each have maybe between $80,000 and $100,000. Okay. And do you have any money that's not in retirement?

We have a little bit in savings. What's a little bit? $5,000. $5,000. Okay. You don't have another mutual fund sitting around or another investment account or anything else no no it's all sort of wrapped up in retirement gotcha okay so what we would tell you to do and we think this is the short we know we've proven this is the shortest path to wealth versus the one you're on is uh we

would continue our charitable giving, continue tithing off the top before you do anything, be on a detailed written budget on the EveryDollar app. The two of you are in agreement on what we're doing. I would temporarily stop the retirement savings, and I would clean up this debt in the next 12 to 18 months. And then you don't have any payments but a house payment. But this student loan is going to

hang around so long you think it's a freaking pet yes it's been around for you know 15 plus years now it's a fat pet okay yeah this thing need sally may's got sally may's gotten to be a toxic bother she needs to go oh my gosh yes yes and we've gotten it down. No, no, you haven't. You still owe $58,000. Don't tell me you got it. It's $58,000. You need to attack this with complete focus and temporarily for a short period of time, year to a year and a half, I'd stop my retirement, and I would attack that with a vengeance, like my hair was on fire.

And if you do that, I mean, you put $30,000 a year on it, you'll be done in two years. You put $60,000 a year on it, you're done in one year. So somewhere between those two is probably where you're going to land. And I'd really dial it up and get after it, kiddo. This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today. Our last caller, 40 years old, with a student loan that's been around forever.

Still hanging out with a student loan at $50,000, a $58,000 student loan. And of course, we are, most of us aware anyway, that student loan interest restarted September 1, and the payments will start in a couple of weeks here again in October. So we've got somewhere around 44 million Americans with $1.7 trillion in debt that have this train barreling down the tracks at you. So we decided to help out because the name of our company is ramsey solutions so we need to give some solutions not just um not just squawking about it so we're going to do that tonight if you want to join us 7 p.m tonight tuesday night

september the 12th we are doing a live stream it's completely free it It is me, Jade Warshaw, and Rachel Cruz. We're going to be talking about student loan debt in America, how we got here, and how we're going to get out. It'll be in four or five hours from right now if you're listening to us live, but it is at 7 p.m. Central Time, Tuesday night, September the 12th. It's free. Just go to ramseysolutions.com slash studentloans, and you can put in your email address, and you'll be able to give the live stream a free watch. We'll send you the link. Pretty simple.

Patricia is up next in Roanoke, Virginia. Hi, Patricia. How are you? Good. Thank you. I have a question about my auto. Okay. good thank you i have a question about my auto okay so my question is my lease is coming up um i went to the dealership and the amount to buy it out is 27 000 now um i don't know if i should just go ahead and buy the car or get a cheaper car and be just kind of like debt-free

because I will still have the mortgage. Do you have any money? I do have a savings of $30,000. Okay. What is the car worth? $28,000. So $1,000 over the price. Yeah, so it's no bargain.

It's an okay deal, but you can probably get that deal in a used car lot. So there's nothing that says to buy this car. If you were sitting with no car right now and you told me you had $30,000, I would not tell you to buy a $28,000 car. Because you only have $30,000 that would be using up all of your money. You see what I'm saying? Yeah. So I'm going to toss them the keys when this lease is up and go buy you about a $10,000 car.

What do you make a year? It depends. But the minimum is $65,000. It depends how much I work, to be honest. Yeah. It depends, but the minimum is $65,000. It depends how much I work, to be honest. Well, the maximum car you ought to buy would be 50% of your income. So that puts you at about $25,000, but that's too much car because you don't have the money. So if I woke up in your shoes, I would have no car payment and be driving a very nice gently experienced ten thousand dollar car now the difference in a ten thousand dollar car and a thirty thousand dollar car is pretty

substantial but it's not it's not like it's unreliable it's not like it's not safe it's not like it's any of those things what is unreliable is being broke what is unsafe is being broke and two thousand dollars with a thirty thousand dollar car when you make sixty five thousand is broke. I wouldn't put you there. So I wouldn't buy that car, and I wouldn't buy anything anywhere near that price. Now, if you told me you had $100,000 in savings, yeah, and you love this car, maybe. But even then, it's a lot of car for someone with your income.

A lot of money tied up. Yeah, I've been shopping. Dave, you know this for teenagers. You can get really decent cars in the $10,000 to $12,000 range. Even in this so-called used car inflationary period, you can do it. You just have to swallow your pride and go, wait a second, I'd rather have more money than so-called pride. And you can get really decent cars that are functional and still in good shape. It's very doable.

I look all the time. I got two more to buy next year. I'm a used car expert, Dave. At least I'm self-proclaimed. But I mean, that's reality. Well, you're finding stuff out there that's safe. Yes. It's got a lot of life left in it.

It's not filthy. It's not trash on the inside. I mean, a $15,000 car is not a hoopty. No. That's a nice car. I just got my I mean, a $15,000 car is not a hoopty. No. You know, that's a nice car. I just got my son Ty, a Ford Explorer, 2012 Ford Explorer. Just to give you an example, $12,000. Bought it from a nice local businessman.

Had it in his HVAC. If I said the name, you'd know him. And it was sitting in their parking lot. They've treated it wonderfully. It's in phenomenal shape. His eyes about bugged out of his head. And mine, too too i didn't expect to get him something that nice at that price range but uh it's a fantastic car barely

over a hundred thousand miles wow so i mean this is a lot of years this isn't fantasy i'm not just saying this it's doable yeah that's what we would do in your shoes kennedy is in indianapolis hi kennedy how are you i Kennedy. How are you? I'm good. How are you? Better than I deserve. What's up? Okay.

So this is actually for Ken, more so. So I applied for, I'm in a position. I've been in it for a year and a half. I meet all the qualifications to get promoted to a senior position per the guidelines that my job laid out. The only thing I'm missing is the year and a half of in the same position. I've worked for the company for almost five years come February, but I've been in this position for a year and a half. They want me to be in it for three, but I have all of the other qualifications. And they're like, we're sorry, we can't do anything because you don't have the extra year and a half. So you just have to sit there for a year and a half before we will promote you. I don't know how to get around that. I'm doing everything extra. I listened to you a couple of days ago and you're like, you know, just,

I asked my boss, Hey, I want to be promoted. I want to be a manager. This is what I want to do. What do I have to do to get it? And she said, you've got to wait a year and a half. Yeah. So anything I can do. No, you have to decide. Do you want to be there? Do you want to work there? Because they have laid out for you what is required. And, you know, listen, this is, this is the tension between patience and persistence. You know, we want to move forward. We progress but it requires patience and so now they've laid it out very clearly for in fact i'll be honest with you i'm really impressed that they held the line on what they prefer not they sound like a bunch of idiot bureaucrats well then there's dave's opinion i mean really i mean why would you i'll tell you the woman's been there

five years she'd be promoted at ramsey well but we don't know anything about the organization she meets all the other qualifications the only thing she hadn't done is sit on her butt in that one role for a year and a half all right so let me clarify I don't necessarily have to agree with it I respect the fact that they were clear and they've held the line they're consistent so the point is they communicated clearly to you is what I was saying and I respect which gives you the opportunity to leave so now you get to decide. Do you want to wait another year and a half, or do you want to move on? So here's the ultimate.

If you knew that they changed their mind today, would you be super excited about the present and the future with this company? Oh, I totally would. Well, then. I love the company. It's just I don't want to be stuck in the same role I am. I want to get promoted. I feel like I deserve to get promoted because I have the company. It's just I don't want to be stuck in the same role I am. I want to get promoted. I feel like I deserve to get promoted because I have done more than done above.

All right, let me ask you this. Do you agree with Dave that their requirement – It's arbitrary. Is it arbitrary, or do they tie it to actual hours? I don't even know what you do. Is it arbitrary, or is it legit? That they require three years of experience so in their requirement they have eight different sections and you have to meet about 50 50 in eight of those sections and then the requirement is minimum of three years in the same position doing the same role and i have that from like outside experience but not

three years with the company so not three years with them okay i get it all right i get what dave is saying she's been there five years yeah i think you should get the gig with them for five years yeah listen i agree with dave you should get the gig but i at least appreciate they've told you so now you got to deal with it i don't think you being the squeaky wheel is going to change their policy some people in some companies like policy more than this big company too of course yes guaranteed yeah it's a it's a policy over principle yeah they have more rules than sense that's all they do they don't think well wait a second this lady's got this experience outside of here she more than meets the requirement that's not the way they think so you got to decide do i want to requirement. That's not the way they think. So you've got to decide.

Do I want to be here and deal with the way they think? Or do I want to move on? Unfortunately, that's what you're left with. Yeah, I agree. I agree. I mean, they do have the right to do that. It's their right. They own it.

Yeah. And, you know, sometimes people don't agree with stuff I do here. And it's got my name on the building, though. I do whatever I want to do. That's right. You don't have to agree with it. And then sometimes they leave because they don't agree with it. And that's an option.

That's an option too. Yep. This is The Ramsey Show. Hey, it's Ken. If you like what you heard in this episode and want to know more about getting started on the Ramsey baby steps, go to ramsesolutions.com and click on the get started button. We'll help you figure out the best next step for you based on your specific situation. Again, that's ramsesolutions.com and click get started.