The Ramsey Show - App - Work the Behavior Not the Math (Hour 3)

Episode Date: January 2, 2019

The show about you

Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host, and this is your show. Thank you for joining us. Open phones at 888-825-5225. Or, of course, you can jump online at DaveRamsey.com and find out everything that's going on around here. We're here to help you. Brandon is with us in Atlanta, Georgia.

Hey, Brandon, how are you? Hey, Dave. Good, man. Thanks for having me on your show. Absolutely. My honor. How can I help? Hey, Dave, My goal is to pay

off my mortgage as fast as possible. I know I follow a lot of your videos and kind of your tips and tricks on how to get out of debt. I've got a vehicle or I've got two vehicles currently paying off that I should have paid off here in the next few months.

After that, I wanted to focus more on my mortgage. I've kind of been doing it out After that, I wanted to focus more on my mortgage, and I've kind of been doing it out of order. I've been focusing more on my mortgage than my vehicles, but I've kind of switched gears and backtracked a little bit. But I've been looking online and listening to folks, primarily folks who are real estate investors, and they are talking about alternative ways to pay a mortgage. And one of those ways is to take out a home equity line of credit, pay a lump sum towards the principal of the mortgage, and essentially use the home equity line of credit as your cash

and pay that off with your entire paycheck month over month. Now, that's not real estate investors. That's a mult-level scam. Okay. They want to sell you a piece of software to help you do this. And the whole thing is built on this fallacy that somehow that mortgage, of the way they calculate mortgage interest. What type of mortgage do you have?

FHA, VA, conventional? Yeah, FHA loan. FHA fha loan okay it's calculated like simple interest once a month and so all these games and gyrations that you're playing do absolutely nothing with this stuff only thing they only thing it does is give them 3 400 bucks for a piece of software for this multi-level scam those are are not real estate investors, dude. Real estate investors understand that principal reduction is how mortgages are paid off. So here's the way it works, okay? You ever looked at an amortization schedule? Yes, yeah, I pulled up my own amortization schedule, actually.

What happens is this. Calculating it. What happens is this. What's your interest rate? 3.25. Okay. You take that and divide it by 12, okay? And that is your monthly interest rate, 0.27, okay?

And so 0.27 is going to be charged on the outstanding balance that month. That's how simple interest is calculated. Technically, a mortgage is not simple interest, but the way principal reduction works on an FHA loan is if you pay $10,000 on your FHA loan, it slides you down the amortization schedule to the new loan balance. And the 0.27% interest is charged that month on the new loan balance. And so it has the exact same mathematical effect as if it were calculated as simple interest.

And so all the gyration of jumping back and forth in and out of a home equity loan does absolutely nothing mathematically. It's a complete scam. And I certainly had a feeling there was something fishy about it. It seemed too good to be true. That's why I wanted to come on and talk to you about it. Yeah.

Because I appreciate your input on it. The point is, their theory is, instead of using your money to live on, you use a home equity loan, right? Right. And you use your money and throw it at the mortgage, right? So you take the home equity loan and pay off the principal. Yeah, that's the idea that's pay off yeah that's the idea but now we've got a debt over here on a home equity loan which is usually a higher interest rate and a variable interest rate too by the way okay but but we turn and pay it back off next month and so all we're doing is

just moving the p around under the shell the p is still there and the p is called principal so no don't do that dude just light into that mortgage when it's time. So let's get this stuff in the right order here. Finish these cars off. Get your emergency fund in place. Get your home equity loan. If it's less than half your annual income knocked out, when you're knocking out your cars, if you don't have a home equity loan because you were just discussing one for purposes of this, then we don't have to worry about that.

Your mortgage is baby step six. You get your house paid off inside of ten years from the time you started this process, and you are on track to be an average millionaire. You get paid off faster than that, you're on track to be an above-average millionaire. Norman is with us in Baltimore, Maryland. Hey, Norman, how are you? Better than I should be. Good.

How can I help? I know you weren't going to say that but uh my question is on my company who's um i started uh back in 82 uh it's been sold twice back in october of last year um now i'm being offered a package um a year's salary, a $5,000 towards education, and to keep my other benefits. I'm 60 years old. My financial advisor advised me to wait until 62, but I'll be close to 63 because my wife will be 62. My point is we have $40,000 left in the house.

My question is, would you recommend taking the package? They're saying things will change at work to make it harder for maybe us older people, I guess. That's why everybody's saying we should take it. I'm going to ask you. What do you do for a living? I'm a factory worker. Okay. So when you get up in the morning to go to work, do you say, oh.

No, I get up at night. I leave at night. All right. So when you get ready to go when you get ready to go to work are you thrilled or dreading it um well it's like i feel like i gotta be there but uh yeah i mean it's your duty and you're a good man and so you work you're a good man you work to provide hey you work to provide for your family you're a good man it You work to provide. Hey, you work to provide for your family.

You're a good man. It's your duty. But this is not something that you're passionate about. Right. Am I right? I just feel that, yeah, I could be doing something. Yeah. I could enjoy.

Yeah. So take the $5,000 education. Go take a class on something you've always wanted to do. Right. And, dude, 60 years old is young. Now, when I was 20, I didn't think that. But I'm 57. I really do think I could work another 30 years.

I really do. If it was something I loved doing. Dave. Do what? Dave, my wife and I met you back in Tennessee in October. I mean, September, last September. And she's a coordinator of 10 classes. Wow.

Well, tell her thank you very much. I'd take the package, but I'd go find my dream and live it, dude. Don't sit on the couch and watch Oprah reruns. But I'd take the package. I think you're done with that place, and it sounds like that place is about done with you. Time to move to the next thing. It's called an encore career.

You know what an encore is? It's when you take a bow, and the audience keeps clapping, so you come back out and take another bow. This is your encore. Come back out and take another bow here. This time you're going to do something you want to do, though, not something you have to do to eat and feed your family. This is the Dave Ramsey Show. Do you know who is a prime target for identity theft?

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Hey, Sarah, how are you? Pretty good. How are you? Better than I deserve. What's up? Well, Sarah, how are you? Pretty good. How are you? Better than I deserve. What's up? Well, I'm getting married on January 14th. Congratulations. Thank you. And my fiance is a missionary. And so we're going to be figuring out what to do about retirement and investing with whatever funds he gets. And we have a question. Since he could qualify as a minister, would it be a good idea for him to opt out of paying Social Security and invest that money somewhere else? Yes. Now, let's walk through it, though.

It's only on his ministerial income, and he has to be ordained, is he? No, he's not. And actually, he doesn't have a steady income because he's down in Guatemala at an orphanage. And so he just raises his own support through donations from people. I'm not positive that that qualifies. You'll have to check with a tax professional about that, because there's very specific guidelines in the IRS,

and I was under the impression you had to be ordained. It might be, and we're going to meet with a financial advisor next week when he's back here in the country. Mm-hmm. So, yes, we should ask him about that. Yeah, if he does not have to be ordained, then that's a different thing, but I think he does. I think it's for ordained ministers or pastors.

And you have to basically you are claiming conscientious objector status. Under matters of conscience due to religious reasons, you object to the Social Security system, and therefore you opt out for income that is related to the ministry. Now, if he does other work, it doesn't affect that. That's not opted out, okay, but just income related to the ministry. Now, can you, in good conscience, object to the Social Security system. As a Christian, were I ordained as a minister, I could. Because I, in good conscience, can say, God tells me to manage money well, and sending money to the Social Security system is, by definition, not managing it well.

And so I could opt out, as a matter of conscience, in a heartbeat, and I would. Now, if you do do that if he can qualify and if he chooses to opt out as a conscientious objector there's a form to be filled out and he has to do that and again it's only for the ministerial income now what you lose is three things one is you lose ssi which is disability that comes from the government if you become permanently disabled you won't get that so you always have to have long-term disability insurance but you should anyway what you lose is if he dies with minor children the minor children would have gotten payments from the government

under the Social Security system. They will not. And so he has to keep life insurance in place. But he should anyway. What you lose is, the third thing you lose is, obviously you will not receive, he will not receive, income at retirement through the Social Security system because he's paid nothing into it,

if he has no other jobs other than ministerial pastoral jobs, okay? Now, most pastors end up doing something else in their life and have some level of Social Security that's mandatory anyway, okay? But not all do. So let's say he stays on the mission field his whole life and he qualifies and never pays in a dime, he will not get a dime out. So he needs to save for retirement.

But he needs to anyway! Yes. So you need to carry long-term disability insurance, you need to carry life insurance, and you need to save for retirement anyway. And if you use the money you would have paid these doofuses in washington dc to waste and you use that for your own family and you properly do financial planning you will come out light years ahead with that money because they they are so stupid up there in a way they handle money and it's just such a horrid system it's a disaster

and so yeah yeah but you gotta make sure you cover those three things and that's assuming he does qualify yes okay well that's good to know yeah thanks so much say congratulations on the marriage and a happy new year to you melanie is with us in Canada. Melanie, welcome to the Dave Ramsey Show. Hi, thanks for having me. Sure, what's up? Okay, so I have your book. We just bought it, and it's on my nice end actually right now, and I realize I'm in baby step three.

We have $28,000 saved already. Good. We have two cars that we've bought in for cash. We don't owe anything on them or anything. The thing is that our take-home is $5,546. We have five children, and the rent and food market here in Canada is like we're paying about $4,100 per month. So our expenditures are going over by $933 per month. And so we're having to pull out of our savings. So your rent is how much?

$2,100 per month. On a take-home pay of $5,000. $5,000, yeah. Okay. That's untenable. Yeah, I know. So you can't live there anymore. I know.

We were trying to look in the market to where we could rent, and we actually, it was by God's grace we even got into this place. No, that's not grace. God, don't blame this on God. Oh, no, I'm not. Okay. It's a horrible situation. God didn't get you in a rental property you can't afford. That's not his fault. We were in a 1500 place before, and we were kicked out because they were moving in. We have five children, and here they won't rent to you unless you have a room,

at least for the majority of your children. And so we are in a house that is, like, it's big, it fits us, but it's not ideal for us. And we know that, but we're looking in the market, and they won't rent to us. We actually didn't even get this place until, like, two weeks to move in because no one was even looking at our applications they were just throwing them out even the landlord we had before she was like you have good credit i don't know why these people aren't calling and we were like i don't know either and then we found out that they were just chucking our application because we have five children yeah so right now we're where we're at we're looking in the market to rent somewhere else,

but at the moment that is the market for rent for us at the moment. I'm saying that you may not be able to afford to live in that particular area with that income. Yeah. My husband's a pastor here too, and so he wants to stay in this area. I would love for him to stay in that area. Yeah. But he's got to feed his five children. I know.

That's his first, to take care of your own household first, is what Scripture says. So I guess we should just continue looking for a rent. Yeah, you've got to find a rental that you can afford, or you're going to consider a longer commute, or you're going to consider a complete relocation. Okay. Because with that income, it's not sustainable. You know that. You're burning through your savings.

And when your savings is gone, what are you going to do? You're going to be on the street. Yeah, I already figured out we have about two years left of that. Yeah, that's not. And I don't want that. This is not good planning, and it's not good common sense. Yeah. So we've got to be wise stewards, wise managers of this money.

And so you're wise to catch it long before you run out of the money. But, you know, you're going to get down into your emergency fund, and this is not an emergency. This is a planned event. Right, exactly. You plan to be here. So is there anything we can do with his income? It's tough to do in the ministry. Well, he is a full-time letter carrier here, and then he also is a full-time pastor,

but he doesn't make any money there because it's based on the income that's coming in. Like if the church itself isn't doing well, the church that launched us out will cover the church expenses, but not our income or anything like that. How long ago did you do this church plant? Six years we've been here. Okay. Well, it's time for this church to grow enough to pay its pastor after six years. I mean, maybe a year, maybe two years.

But after six years, there needs to be enough growth there to pay the pastor. And so you guys really need to look at his career track and what God's call is on this and how to flesh that out with five kids. This is the Dave budget each month. Pure Talk USA offers smarter wireless with unlimited plans starting as low as $20 per month. You never pay data overage fees and we never turn off your data. No contracts, no hidden fees. And if you're thinking our low cost means less coverage,

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We're so confident you'll love Pure Talk USA that we invite you to try our service risk-free. Visit puretalkusa.com or call 844-862-3677. Enter promo code SAVEDAVE and receive 50% off off your first month that's pure talk usa.com Christopher and Grady are with us in Manchester, New Hampshire. Hey guys, how are you? Good, how are you doing? We're doing great. Awesome. Welcome, welcome. I see on my screen you're debt free. We are.

That's right. Very cool. And how much have you paid off? We paid off a little over $29,000 in 20 months. Very cool. And what was your range of income during that time? We began at about $50,000 and got up to about $70,000. Okay, cool. What kind of debt was the $29,000? We had some credit card debt that I brought to the marriage and a car loan, and then

she had some student loans. Okay, so everybody was in on the fun. Yeah, exactly. So how long ago did you guys get married? Just about two years. Okay. So you get married, and first order of business is clean up the mess. Exactly. Yep. So how did you know to do that? What made you decide to do that? Tell me your story. Sure.

So we had actually, before we had gotten married, we had both been separately working the plan. I had heard about you, of course, right after college, so right after I got the student loans. So I started working on that, and then when we got together, we were both working on it individually. And then when we got married, we decided to really get focused and get it taken care of together. Okay, cool, cool. So, Christopher, she's kind of got this Dave thing going. And what did you say when she came up with this idea? Well, I thought it was great, actually. It's actually one of the things that I really liked about her and what made it a good decision to marry her.

I mean, she introduced me to you, but it was something I'd been wanting to work on. But then when she's like, you've got to hear about Dave. There's a whole plan, the snowball thing. And, yeah, it just made a lot of sense. We were both on the same page, and it really worked out. Cool. What do you all do for a living? I'm a corporate trainer.

And I actually, when we began the journey, was working, doing admin and marketing for a moving company. But actually, since we've finished doing the debt, I had a little side hustle going on while we were getting debt-free, working on some writing. And actually, now that we are debt-free, I am able to stay at home and pursue that full-time. So very exciting. Very neat. Good for you.

Well done. Thank you. Very cool. Okay, so you're newly married. You say, we're going to attack this. Both of you are on board. Nobody's being a hard head. You're both ready to go.

Game on. What do you tell people? Because there's people out there just exactly like you were two years ago. They're listening right now. What do you tell them? What was the hardest part of this for you, and what are the secrets for you? Well, I think having a plan, I think that's one of the really cool things that talking to Grady about it really made sense. And one of the things I think that I had to learn and

sort of get over was the idea of working the behavior instead of working the math. I have a very analytical mind, and it's like, oh, no, this is the best way to do it. But coming at it from a behavioral standpoint, sure, that may be in theory the best way, but what are you actually going to do? And I think that made a lot of sense. Cool. Well, as a trainer, you got your head around that pretty quick. Yeah.

Yeah, that makes sense. Yeah, good. Good for you guys. Okay. So what was the hardest part of this for you all? Oh, my gosh. Probably the hardest part was just not necessarily sticking to it, but if something did happen, not necessarily an emergency, but just, oops, we made a mistake in the budget. Something's a little off. Not stressing out about

it so much that you completely fall off. So just accepting it, fixing it, and then next month kind of moving forward. I think that was the hardest because I'm a little bit of a perfectionist, so that can be tricky, but it worked out in the end. I think also just being disciplined as far as being like, oh, okay, no, we can't go out again. We can't go out. My friends want to go. Having to be a little more disciplined about that. Yeah, that's hard. I think that might be one of the hardest things for any age group is the peer pressure thing because your friends are all just you know let's go on vacation let's go for the weekend yeah you know i mean they're everywhere it's like where are you people

get away from me you know it's like i'm trying to lose weight and you're bringing me pizza what's your problem you know it's like suddenly we're dead free they're like, how did you guys do that? Yeah, we stayed away from you. Oh, man. Wow, very cool. So, again, then, let me ask, because make sure I get it right. What do you guys say when someone comes up to you and says, how did you pay off $29,000? We want to get out of debt like you did.

What do you tell them they have to do? Give me your best Dave Ramsey. Work together and stick to a plan okay communicate communicate communicate yeah it sounds like sharon yeah she always says that okay very good you guys very good proud of you how does it feel amazing it's amazing it's kind of unreal yeah really excited so christ, as a trainer, I would imagine you can extrapolate this pretty quickly and easily, too. It is my premise that a couple, when they first get married, a lot of young couples do exactly what y'all are doing. A lot of our debt-free screams are, we got married and 48 months later.

We got married and 26 months later. We got married and 20 months later, we're debt-free. I think if you can learn to do this together at the very start of your marriage it sets you up and extrapolates into any other area of your life you can you can attack anything together now because you have killed it what'd you say absolutely okay cool yeah all right great well way to go you guys we got a copy of chris hogan's book for you retire inspired number one bestseller we want that to be your next chapter in your story to be not only debt-free, but now work on being millionaires.

Thank you. Yeah, and be calling in doing our survey, right, and all that. That's right. And, of course, outrageously generous as you go along, too. So very well done, you two. All right, it's Christopher and Grady, Manchester, New Hampshire. $29,000 paid off in 20 months, making $50,000 to $70,000 a year. Count it down.

Let's hear a debt-free scream. Three, two, one. We're debt-free! That's how it's done, ladies and gentlemen. Well done. Yes! Hey, man. That's how it's done, ladies and gentlemen. Well done. Yes. Amen. Couples that can learn to work together on money, I think you can learn to work together on anything.

Some of the hardest, nastiest, most toxic stuff out there. And when you can learn to handle money together, you're really learning how to handle life together, aren't you? It changes everything. Michelle is with us in Syracuse, New York. Hi, Michelle. Welcome to the Dave Ramsey Show. Hi, Dave. Thank you and Kelly for taking my call.

Sure. So my husband has group universal life insurance through work, which I know after listening to you for a little bit that you do not recommend. So we are working with Zander on getting some life insurance outside of work, and we'll also be getting a will. But my question is, we have two small children, and my husband and I have different ideas on the beneficiaries of the life insurance, and I'm not sure, should we list each other, the spouses, as 100% for the primary?

Yes. Should we list our kids as a primary or a secondary? I'm just not sure what to do. I think you should be able to trust your spouse to take care of your children. Okay. And so your spouse should be your primary. 100%. Yeah, 100%. And your spouse should be your primary. And your children should be. One hundred percent. Yeah, one hundred percent.

And your children should be secondaries. Now, and then in your will, if something were to happen to both of you and the secondary were to kick in, I would actually make a family trust the secondary. And the family trust is put into place only upon both of your deaths. So if both of you went on vacation and an airplane crashed or something like that, then the kiddos are left. Who's going to be taking care of them? Who's going to be taking care of the money?

I would like for that money to go into a trust that is formed upon your death out of the will, a family trust, for the good of the kids. And then you can dictate in that trust how the kids are taken care of with that money, what the money's invested in, like good mutual funds, like ours are set up, and that the money has to be used. The income off of the trust can be used for taking care of the kids' monthly needs, but you can't take any of the money out of the trust for the kids except for maybe buying a car or a major medical event or paying for college.

But other than that, it's used to be the goose that lays the golden eggs. And you can even set up at what age it's released to them and that kind of a thing. So you set up a trust that's formed upon your death as your secondary beneficiary. I don't leave the kids the money, period, straight up, that are minors. Goes to mom and dad or into the trust. This is The Dave Ramsey Show. Our scripture today, Proverbs 8.10, Take my instruction instead of silver and knowledge rather than choice gold. Stephen Hawking said,

The greatest enemy of knowledge is not ignorance. It is the illusion of knowledge. Chris is with us in Midland, Texas. Hey, Chris, how are you? I'm doing good. Better than I deserve. What's up in your world? I don't know that much.

I'm a new listener, and I just need to know where to start. Cool. How'd you find us uh i had a buddy tell me about y'all and uh i drive a truck all the time so i'm always listening on different things and he told me to check you out cool well i'm honored very nice well what we have figured out the good news is is this money stuff is really not rocket science and uh anybody can do it including me and including you so uh it really comes down to some pretty basic stuff that you kind of already know you just need somebody to tell you to do it and i'm that guy

the first thing is you need to do a written plan you need to make every one of your dollars every month in a unique budget every single month behave. So before the month begins, figure out what your income is going to be and give every one of those dollars an assignment. Make every dollar behave. That's called a budget. Okay? It's easy to do.

Jump on every dollar. Download the app for your phone or put it on your laptop, either one. It's all free. It takes about 10 minutes to build out a budget, and you need to update it every single month. It needs to be new and unique every month because some months are different than other months with what you spend money on.

When you start doing things on purpose with money, all of a sudden you'll feel like you've got a raise. Now that's the first step is the big budget. Then when you start finding money in your budget, what do we do with it? What is the order of attack, so to speak, on this whole financial planning thing? And we've laid that out and have taught people for 20 years to use a thing called the baby steps. And that just means do baby step one first and don't do baby step six first. Do one first.

One, two, three, four, five, six, seven. There's seven of them. So when you find money in your budget, and you will the first time you do one, you need to squeeze money out of your budget. Your first goal is to save $1,000. That's your beginner starter emergency fund. Once that's in place, then you attack all of your debts except your home by listing them smallest to largest and attacking them in that order.

Do you have any debt? Yes, sir. How much? I got quite a lot of debt. Okay. I got about $14 14 six in credit cards and then before i knew better i took out a 401k loan and that was 30 grand and then i have a car that i owe 59 on but it's only worth $46,000. $5,900 or $59,000? $59,000.

Okay. And I just need to know if I go and sell the car, I'm upside down like $13,000. Now, I'd rather be $13,000 in debt borrowing that at the bank than I would $59,000 in debt. Correct. So what is your income? I make about $25,000 a paycheck, $25,000. And how often are you paid? Twice a week. Twice a week?

Twice a month, I'm sorry. Twice a month. So you make about $5,000 a month, which is $60,000 a year. Yes. And you're single i'm married oh what does she make uh she's a stay-at-home mom okay all right um yeah this car is gone it's insanity yes it's gotta go it's absolutely nuts it owns you okay correct you need to get a

$5,000 car that you pay cash for as quickly as you can. Well, I have a truck that's paid for. Oh, good. My question is, it's worth about $15,000. Good. Do I go and get it refinanced to pay off

that $15,000 that I owe on the other car and just pay that, or do I do something different? Hmm. What's Mama driving? She's driving that 59. The Beast, okay. Yeah.

All right. So you have two cars. One of them is your truck that's paid for, and then her Beast. Correct. Okay. And what is the Beast? SUV? SUV, yes, sir.

All right. No, I'd borrow $5,000 unsecured and get her a $5,000 SUV, and I'd sell both of them. Use your truck to clear the other one out. This is a temporary thing, but right now, you guys are in such bad shape that I'm scared for you, and I want you to get your life back. I don't want you driving a $5,000 SUV and having no truck for you the rest of your life, but I want you to live like no one else so that later you can live like no one else because right now all this crap owns you.

The whole time you're driving, you're thinking about all the money stress, aren't you? Most of the time. Half your conversations with your wife are about money stress. I try to keep it out right now. Yeah, half your conversations with your wife are about money stress. I try to keep it out right now. Yeah, but it's all there. It's a monster banging on the closet door. And so, yeah, you're going to have to sell that stuff and clean it up. So we're going to clean up the debt as baby step two.

And then when you don't have any payments, can you imagine what life would be with no payments but a house payment that would be nice freaking wild it'd be nuts wouldn't it yes sir and then your next goal is to build an emergency fund of three to six months of expenses and then you save up and move back up in vehicles a little bit but you should never own vehicles that equal more than the value of which all of them added together equal more than half your annual income, because they all go down in value, and you want to buy things that go up in value. That's what wealthy people do, and you're going to be wealthy people starting now. Yes, sir.

We're going to move you that direction. How old are you, 27? I am 28, yes, sir. Good guess. All right. Almost like I've done this before. Okay, so here's what I want you to do. Almost like I've done this before. Okay. So here's what I want you to do.

We've got a class called Financial Peace University. It's nine weeks long. Are you over-the-road truck driver? No, sir. I work in the oil field. You're in town. Okay. Yes, sir.

All right. The class meets once a week, and I want you and your wife to go. I'm going to pay for it as my gift to you, because when I was your age, I was going broke and going bankrupt, and I had to start completely over with little babies, and my marriage was hanging on by a thread, and I was so scared I couldn't breathe. I was dumber than you. I had millions of dollars in debt. You just got like $100,000.

Yes, sir. You can clean this up, dude, and I can show you how if you'll do what I teach you to do. If I give you this class for free, will you promise to get your wife and go to every class one night a week for nine weeks? All right. And it has the every dollar budget tied to it that I was talking about for your phone, and the two of you will learn to talk about this stuff and and make a plan together to win it'll help your marriage it'll help your life it'll give you your life back and you live like no one else i'll make you a promise later you can live like no one else

and give like no one else so you hold on i'll have kelly pick up and we'll get you signed up as my gift the only thing i ask is you promise to go to every class, and then someday when you're rich and doing really good, you find some young guy who's driving a truck scared out of his mind because he's got too much car debt, and you pay for him to go to the class someday. Yeah, you pay it forward later. But right now, let's just get you going. If you need my help while you're going through this, Chris,

you call me back, and I'll help you. This is what we do. I'm here every day. So thanks for calling in, man. Open phones at 888-825-5225. So here's the question of the day. 27-year-old truck driver makes 60 grand. What moron at a car dealership loans that guy $59,000 for an SUV?

That's a moron. I mean, that dealership and that finance manager ought to have their butt kicked up around their neck. Unbelievable. Unbelievable. Unbelievable. That puts us out of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Hey guys, it's Blake Thompson, Chief Production Officer for The Dave Ramsey Show. This hour's up, but you'll find more on our YouTube channel, where we have over 6 million YouTube views each month. You can find debt-free screens, millionaire hour clips, Dave rants, and so much more. Go check it out.