The Ramsey Show - App - Working Through Baby Steps 4–7 (Hour 3)

Episode Date: May 27, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help folks build wealth, do work that they love, and create actual amazing relationships. Rachel Cruz, Ramsey Personality, number one best-selling author, and my daughter is my co-host today. Open phones at 888-825-5225. That's 888-825-5225.

Jeff starts off this hour in Indianapolis. Hi, Jeff. How are you? Doing great. Thanks for taking my call Hi, Jeff. How are you? Doing great. Thanks for taking my call today. Sure. What's up? So my wife and I are on baby steps four, five, and six. We have three kids, a senior in high school, a sophomore, and an eighth grader.

And we have a pretty good retirement built up. And we have about $130,000 left on our mortgage. And we were just wondering, you know, what kind of is our next step? You know, how do we split? Do we split our money or do we kind of focus it in one of those three areas over the next six years? College is coming at you like a freight train, huh? Yes, sir. What do you have saved freight train, huh? Yes, sir. What do you have to say for that, Jeff? So we have about 10 for each kid and probably 20 for our oldest.

We think that her college will probably be between 5 and 10 with her guaranteed scholarships to an in-state school so we could essentially finance that pretty pretty easily what's your household income over the next um it's usually around 120 this year it'll probably be up to 160 wide ago good okay well it sounds like you're making good college choices in terms of choosing one that's affordable. That's very wise. I mean, if I woke up in your shoes, the college would be my first concern, but it doesn't necessarily mean that it has to get all the math. I just want to make sure that that box is checked and I've got a way to do it before

I move on to something. In other words, I wouldn't've got a way to do it before I move on to something. In other words, I wouldn't pay extra on the house until I knew I had the kids covered. Okay. That's why it's five instead of six. Yeah, what about throwing more into retirement because the market's on sale? That'd be tempting, but before I did that, I'd want to take care of my kids' college. 15% of your income going into retirement and then let's i would that's why it's four and then five is kids college

and um you know now if you if you have said okay we make 160 and we can cash flow this if we do this this and this then a b and c then go do a b and c and cash flow it and that's the kid getting scholarships college choice kids going to work while they're in school none of those are bad things it's not child abuse um so but but i want to know that we have a way mathematically figured out and it's not just we hope we can do it we've actually calculated it out projected the budget out and said this is how the math is going to flow for each of the three kids to get through school once you've got that then I would move and start paying off my house yeah then the wiggle

room starts to happen once you have mapped it out and I think that that's a powerful thing too Jeff of what he just said though when you put facts on paper like when you and your wife sit down and you guys just plan out hey in the next five years, here's what 22, 23, 24, 25 look like and project out whether it's income, but the big chunks and you start to see it, then that kind of gives you more breathing room to be like, okay, we'll set that track going. And then we're going to take this money over here. And we feel good about throwing that extra on the house because we know that that's taken care of. But it just gives you kind of that peace of mind and answers the question because you guys may look down and be like oh gosh like you know because of the kids college

maybe we pause on paying off the house early yeah uh may not be able to pay extra may not be able to pay extra especially when like like how old's the youngest one uh he's an eighth grader okay so you're you're gonna have two in max at the same time, but you're going to have several years of two people on the payroll. Absolutely. Yeah, so you can map that cash flow out over the next eight years, right? Yes. So that's just exactly like Rachel's saying there, and you can just put the –

it won't take an hour. I mean, you sit down and do it, turn TV off and just lay it out on a yellow pad it's not hard but you you're good but in that you're going to make assumptions about where they're going to school and so you can go and start communicating to all three of them this is where you're going to school yeah which is exactly what we did the boundary conversation yeah that's what. Or if you want to go somewhere else, you've got to pay the difference, which was a conversation we had. So the other option is do we try to hammer down on the mortgage and get it paid off in three years and then...

You'll have kids in school. You've got a senior, right? Correct. But, again, I think her cost is going to be around $5,000 a year, which we have covered. Okay. We have four years of her school covered. Check number one. Box check one.

Box check two. Box check three. And then you can play with the variable of jumping in and knocking off the house, and that increases your cash flow, which enables you to be more able to pay to cash flow college. That makes me more nervous, though, than just having it covered and then reaching over and paying off the house. You're going to get to all three. You're going to be wealthy, you're going to have a paid-for house,

and you're going to get all three paid for. But you just need to have a game plan laid out to do it, and you called asking what the priorities are maybe the case like i don't know yeah you may look and be like okay daughter's taken care of 20 000 that's all she needs so before the next one gets to college and he's gonna go to in-state school and have that he only needs that okay that's cover we can do that i mean yeah you can kind of map it out and you may be able to pay off the house in three years if you want to do that but i wouldn't put the kid make sure that there's you're not rocking over the edge of the cliff

on the kids college because if i'm choosing between paying off my house two years earlier versus paying cash for the kids college there's no choice here you pay off the kids college first before you pay off the house two years early you You're going to get it paid off. It's just a matter of when. So it's okay, but just make sure you've got that math laid out. I mean, if you told me you had $200,000 in the bank right now and you're just going to write a check and pay off the house, I'd say, okay, go ahead and do it. Because we know we can get to the college, right?

That's the thing. But you don't, and that's not where you are. So map it out, map it out, map it out. All you've got to do is be intentional here. You're going to make good choices. I can tell from talking to you for 10 where you are. So map it out, map it out, map it out. All you got to do is be intentional here. You're going to make good choices. I can tell from talking to you for 10 minutes, you're going to figure it out. It's not like this. It's just a math riddle of sorts, and it's not a complicated one.

It's just flow. It's the, you know, here's September. Here's October. I mean, here's September. Here's January. You know, here's April. Three tuition payments or two tuition payments or whatever they are every year. And here's dormober i mean here's september here's january you know here's april three tuition payments or two tuition payments or whatever they are every year and here's dorm or not dorm and

here's the school cost today and here's how much we've got and here's what the state scholarships are and and you just map all that in there and it's there's about six variables and you can pull it together it's not going to be rocket science it's really not it's not it doesn't even require a spreadsheet you can do it with you know a calculator on your phone and your yellow pad if you want to. So it's not that hard. But the good news, you're the secret sauce for figuring this out, not some formula or adherence to the baby steps or something like that. You are the sauce, and you've got what it takes to do this.

You're going to do it. I'm proud of you. Very, very well done. That's a good call, Rachel. That's a good dad. You're going to do it. I'm proud of you. Very, very well done. That's a good call, Rachel. That's a good dad. Jeff, you're a good dad. He is a good dad. Your kids better say, thanks, Dad.

Yeah. They're going to look back later and say it. They may not like where he lets them go to school, but, oh, well, life goes on. This is The Ramsey Show. Rachel Cruz, Ramsey Personality, is my co-host today. Open phones at 888-825-5225. You jump in, we'll talk about your life and your money.

Thank you for joining us. Joanna is with us in Montana. Hi, Joanna. Welcome to the Ramsey Show. Hi. Nice to be here. Good to have you. How can we help? Yeah. So I want to build a home on my, on my land, but I'm wondering if going with a construction loan is a good idea,

especially since I have no credit because we're debt free. Okay. What's your income yeah it's around 90k and that's my husband I work at home what's he do software he's a full-stack developer okay. Do you guys have any money saved, Joanna? So we have three months worth of money saved. We had a rough year last year, so it kind of depleted. We had six months, and then now we just brought it back up to three after having a rough year. What's a rough year? What happened? He lost his job for a year, for a whole year, which was kind of really unexpected. Does he do contract work? No, no. He has a regular work as a salary.

Does he work from home? He didn't at the time, but now he does. Okay. And where are you all living now? Are you living on the land or what? No, we found a temporary place. So we bought a mobile house, gutted, because it was hard to find rent, and renting was expensive.

And so my husband fixed up the whole thing while he wasn't um working and so now we're that's the reason why we're debt free because now we're living in a three bedroom two bath mobile house and is that on your farm it's rented a lot nope we're renting the lot okay yeah unfortunately we weren't able to move it to our land. Okay. What are you going to spend on the house you're building? We were thinking around $300,000, and we're thinking about $1,500 square feet. Not a huge house. Mm-hmm. Okay.

All right. But, yeah, with materials, everyone's telling us that, you know, it would be more expensive. Okay. In order to get a construction loan, you would need a blueprint that has been appraised by an appraiser. The bank that you're getting the construction loan, mortgage company you're getting the construction loan can help you with that. And you will have to have a contractor building the property, building the house. Okay. They don't loan money to people who just think they might want to build a house and have never done it before.

So a licensed contractor, a blueprint, an appraisal, very detailed financial package, and then you would qualify at your local credit union or bank for a construction loan, even if you don't have a credit score. If you've got a steady job, you've got this piece of property that's paid for, what's the property worth? More than $100,000. Yeah, okay.

So you've got effectively a 25% down payment. In other words, you'd have a $400,000 deal if you put a $ hundred thousand dollar house on a hundred thousand dollar piece of ground right yeah and that'd be a 25 equity position from day one so they'll take a lien against your farm and then they will dole out the money to the contractor on a schedule construction draw schedule based on completion points as the house goes up when the house is completed you would get a permanent regular mortgage that pays off the construction loan that's called the takeout loan and you will need to rearrange your again the mortgage company or the bank that'll help you with this they'll probably help you will get your permanent loan as well because you have to have what's called a takeout letter how are you going to take out this construction loan and you're going to take it out with a new permanent regular mortgage

all of that lines up as dominoes and you can build now um how long is it going to take you to save 300 000 if you don't? Quite a few years. Yeah. I mean, if you save $50,000 a year out of $90,000, it's going to take you six years. Yeah, that's true. So that's the numbers that are running through my head. Now, if you take that out and you get out a permanent construction loan and then you viciously attack that permanent mortgage after you move in and you pay it off in five or six years, that'd be wonderful, wouldn't it?

Yeah, it would. As long as he's making $90,000 or more. And if he's in tech world, he should be able to continue to do that. Yeah. Rachel went through building a house. It wasn't using a construction loan a while back. But it is a detailed process. It's not something you just walk into and go, oh, I want a house over there yeah no there's there's a work yeah you'll

have a part-time job in the process but it's fun but it's great yeah and it's and i think it's exciting for you guys and with the numbers and everything you guys have worked hard to be debt free and to be in the position you are and so yeah making the step forward i think is i think is great okay so do you does that mean you guys think it's a good time to build right now because not now but you're not ready now you don't have a blueprint you don't have a contractor you don't have an appraisal you don't have any of this lined up i mean you're gonna you're gonna break ground in next spring maybe in the fall but i would probably wait till spring and let some of these lumber prices and other things continue to calm down lumber's back down but some of the other stuff's not labor there's a serious shortage on still in most areas okay okay yeah i mean

but you got a lot of work to do to get ready to break ground in the spring. Yeah. Well, how do you know what order to do all these things? I did call a contractor. Then they can help you start walking through that. Get in touch with Churchill Mortgage and see if they can do a loan there in Montana. If they can't, find your local credit union, talk to them about a construction loan and a permanent mortgage. They'll help you get the appraisal.

Contractor can help you get the blueprint. But're gonna have to have all of that you can't just say i think 1500 and i think that's 3000 i heard that's what i heard it costs that's that doesn't work for getting a loan they're not gonna do they're not gonna loan that person money that does that you gotta have like airtight business case for this whole process whether you've got a credit score or not you've got to do all of that and the land helps her in that case because she owns it but for a lot of people and 100 debt-free helps her yes yeah yeah absolutely but a lot of people that want to build don't have lands right to build you have to roll the land into the deal yep and then that becomes harder now you're talking about a down payment issue

right when you do all that and that rolls in as well so um that is a question i've been getting quite a well at least on social media okay on instagram is yeah for the new new construction home buying is it a smart time to build a house that's there's a lot of people asking that i'm probably going to build one next spring but i'm not you are yeah but not today yeah i was gonna ask you where i won't ask you on the air well i haven't figured that part out yet i didn't know but uh well i mean i you know we moved out we moved out of the big house yeah and we're living in a nice home but we had planned to build when we moved yeah i knew that but in the middle of all this craziness we're not gonna i didn't realize i thought y'all were gonna take like three years just to like do nothing just announce it to you right here on the air so there you go but the um anyway that's exciting good good for you the point is lumber has stabilized i think

labor will smooth out by spring it's still there's still a labor shortage in general on construction so construction's a little bit wacky wonky still and i think it's still there's still a labor shortage in general on construction so construction is a little bit wacky wonky still and i think it's going to be for a little while longer but i think most of the supply chain crap will be behind us and that stuff and i think we'll have a more normalized environment and i kind of think the economy is going to be a little slower and so builders are not going to be quite so snooty uh about like they're doing you a freaking favor or something you know which is the way they act right now, or particularly acted six months ago.

Because they can. Yeah. Because they can. Like six months ago, they're doing you a favor or something, and I don't need them doing me a favor. I need them building a house. Oh, we know that, Dave. We know that.

Oh, my goodness. This is The Ramsey Show. Rachel Cruz, Ramsey personality, number one best-selling author. My daughter is my co-host today in the lobby of Ramsey Solutions on the debt-free stage. Amber's with us. Hi, Amber. How are you? Hi. Great to be here. Thank you, guys. Good to have you. Where do you live? Indianapolis, Indiana.

Welcome to Nashville. And how Good to have you. Where do you live? Indianapolis, Indiana. Welcome to Nashville. And how much debt have you paid off? $37,193.59. Phenomenal. How long did this take? 22 months. Good for you. And your range of income during that two years?

So started out net 52 and ended at 67. Cool. What do you do for a living i got promoted and i'm currently a financial analyst manager now well congratulations very cool but these numbers you were killing it yeah that's i mean you were living on nothing nothing nothing nothing uh what uh what was the 37 000 uh all student loan oh got rid of old sally may yep kicked her out of the house love it yep she'd been a pet unfortunately uh i started uh about 12 years ago is really i'd carded and student loan debt and uh i i was davish for a while i um went out ce and sorry my headphone sorry um and uh just didn, I didn't have the hope.

It just felt like a mountain of debt. Sorry, I'm like losing my. You're doing good. It's all good. Okay, I'm sorry. What is, what got you started then 22 months ago? What jacked you up? So I finally just, it kicked it in gear when I got accountability from my daughter.

Sorry. I am like. Yeah, yeah. It's falling off the back of her head just move it up yeah there you go all right good job good job okay sorry perfect no you're great you're great okay so and um my biggest thing was making my daughter like being accountable to my daughter and i went finally because i had a debt thermometer i kept staring at for like months that like i really would have get started but I

finally made up that change because I'd seen a bunch of debt-free screams and they did the chains and I was like you know what let me get her involved and as soon as like I we made the chains together the links together and I was looking in those big blue eyes I couldn't let her down so she's pretty tiny for all that big accountability. How old is she? She's four. Four. Okay. So a four-year-old whips you into shape.

Yep. Yep. I didn't want her to ever know what college loans felt like, the weight of those student loans ever. So it just got really, really old, didn't it? Yeah. I got tired. Amazing.

Well, you did incredible. Absolutely incredible. So what did you do to get out of debt what was your process then uh so trying to think here what was my process just I mean just the normal things getting at like uh getting a budget staying on a budget prioritizing because there's so many that's why I want to talk to single moms about there's a million distractions flexing your no muscle and then making that budget and knowing that there's hope like you really do have hope like it might be a mountain of debt it really can be but there's still hope and you don't I my personal story is I want to spend time with Meadow and so I didn't do a lot of side hustles but I worked really hard on my career and I really tapped into Ken Coleman with making my purpose and really working on my career and just showing excellence in my workplace so that I could add value.

And I actually called in to the show asking if I should ask for a raise. Yeah. And you kind of kicked me in the butt, which is great. And so I was. I say yes of course yeah yeah and you were like well how are you adding value because like yes you're getting responsibility but how are you really adding value put yourself in the position of your boss and that really clicked for me I was like okay what's my what's my growth plan forward how can I add value and my boss is an amazing leader and um I didn't use exactly all that but I really kind of took some of those principles and added like okay how can how can I grow in this and how can I add value to where I'm currently at which I've been there

for eight years so so how'd you get plugged into doing the Ramsey way of money um I think I had a friend back in college in grad school that was into it, and I just kind of got connected, started listening on YouTube. That was what really, like, clicked for me. When I started hearing the debt-free screams, John and Maddie, hearing their story. You heard John and Maddie's story? Yeah.

Oh, wow. Okay. Yeah, yeah. So back then, it was been a little bit ago, but, yeah, I finally got, like, really serious 22 months ago. And if I heard the rumor right, you ended up in their financial peace class. Close to, yes. I'm in Indiana, and so we've been friends virtually.

Oh, okay. Just a virtual connection, but it wasn't a class. Yeah. Okay. All right. Cool. They've been super coordinators, obviously, all over the world. They have led people, mentored people all over the world world so i didn't know exactly how it happened good very

good good for you guys so amber for me being the single mom that you are that's a hard that's a hard journey in general um and then on top of that doing a sacrificial work with your money to get out of debt so talk to all the single moms out there, because I know it's there. You guys have so much responsibility and I know you're already exhausted. I can't even imagine. And so, um, what encouragement do you have for single moms out there that, that you did this, you got, you got yourself out of debt. I mean, it's so impressive. Yeah. I just thank you, Rachel. Um, it is, it's hard it's hard. But I want to talk to those single moms, because I came out of an abusive marriage. And it was really hard, but I had to work on myself.

And when I did that, one thing is I lost about 70 to 80 pounds. Wow. Were exercise and then getting financially fit too wow and um the biggest thing for me was hope just hope that you can you can you believe in yourself you work your butt off but you believe in yourself that you really in god obviously he's gonna produce and give you favor but really believe that you can make that income to make it happen that you can make those sacrifices and those sacrifices are so worth it that's so worth it so yeah yeah you are amazing i mean 70 80 pounds and 37 000 in 22 months making 52 to 67

that's living on nothing i mean when you set your mind to something there ain't no stopping you girl this is pretty impressive yeah very impressive i'm proud of you yeah very very good stuff yep I've really just all the vision casting that you and Rachel and Ken and everybody on the personality team has really and and John Deloney have really helped me give that that juice that I needed to keep making those decisions. I'd hear you guys in my head saying, you know, just pushing me on. I remember a pivotal moment. I was driving back. I was commuting in my car an hour away, and it was one of your leadership,

and you were talking about be the thoroughbred among the donkeys and just having that spirit of excellence and that's actually what promoted me like going from like 27,000 to like 50 at the time and just hearing that it just really set a fire so every time I just use the YouTube and books to really fire me up and really just make progress. Wow. She's incredible, Amber, for years. You're killing it. You're killing it, though.

Good stuff. Hey, we've got the Live and Give Bundle for you, the Total Money Makeover book, the Baby Steps Millionaire's book, and a one-year membership to Financial Peace University to use or to give away. So let's bring Meadow up and introduce her to the world. She's four years old, you said, right the world how she's four years old you said right yes are you four years old yeah and has she been practicing her debt-free screen have you been practicing ready to go all right good stuff she's beautiful thank you well done very well done all

right it's amber and meadow from indianapolis 37 000 paid off in 22 months making 52 to 67 count it down let's hear a debt free scream three two one The amount of emotional and spiritual transformation to come out of an abusive situation to go through that much transformation. Amazing. Absolutely amazing. She can, I mean, the mean, the confidence that she has. Woo!

Love it. It's amazing. Man, this is the Ramsey Show. Our Scripture of the Day, Deuteronomy 28, 12. The Lord will open to you his good treasure, the heavens, to give the rain to your land in its season and to bless all the work of your hand. You shall lend to many nations, but you shall not borrow. That's the blessings on the house of Israel, on the people of Israel. The promise when they go into the promised land.

The curse is you borrow. The blessing is you are having rain on your land in its season. Jim Henson said the only way the magic works is by hard work. But hard work can be fun. Father of the Muppets. Yes, I didn't know that. All right. Stephanie is up. Stephanie is in Minneapolis. Hi, Stephanie. How are you? Hi, I'm doing great. Thanks so much for taking my call. Sure. What's up? So a little bit of context. My husband and I are three years into marriage. We did a Ramsey-ish thing for the past two years, but we have gotten really gazelle intense on baby step two.

And we are looking to be out of debt within the next eight or so months. Congratulations. Thanks. So as we're doing this, of course, Murphy comes around. And what we're facing right now is that my husband's mom is looking at about $50,000 in dental work that needs to be done. All of her teeth have to be extracted. She needs dentures or implants or something like that. And she is looking to us for help. So she called and asked my husband to fill out a loan application while she was at the dentist. And he was like, I can't do this right now. I'll call you back later.

So of course, we talked and learned more that she's hoping that maybe we would, if we aren't willing to do that, we take out a home equity line of credit or maybe sell the house. So as a little bit of background, my husband purchased this home for his mom a few years back before we got married. But by purchase, I mean she paid the down payment and she has been giving him money to pay the mortgage. But he had the credit score. He had just graduated from college. And so they used his credit score his name for first-time home buyer and um this debt has been weighing on him because if anything happens to her at any moment then we are now responsible for that house as well you live in that house we do not live in that house

okay where is that house that house is in connecticut oh that's her house yes okay so she's going to sell her house no it's technically in his name so so he could sell he could sell the house that she lives in and get get rid of the debt and she would have the money for her dental out of the house that is hers it's's morally hers, but it's in his name. Right. So then we don't understand fully the tax implications of selling the house and then giving her that money. How much money is it?

The dental work would be... No, no, no. How much is the house worth? Oh, the house is worth about $350,000, $360,000. Okay. What did they pay for it? $235,000. $360,000 and $235,000. Was that the two numbers? Yes.

And how long have they had it? Probably about six years now. Okay. All right. And he's not been depreciating it as a rental property on his taxes has he nope okay good and um okay there may be a little bit of tax involved but it won't be a ton okay it'll be 15 of the gain the gain would be 360 minus the selling expenses, which will probably be 30,000, so about 330. So you might have $100,000 in gain, and it might be $15,000 in taxes. So I would sell the house and pay the taxes and give her the money. Okay, and is there a gift tax on giving her that

money? Yeah, you're going to have to manipulate this because this was a dumb bad deal it's going to take a little bit of work to get out of it but no we're not borrowing money if she wants to sell her house by the way she needs to get a second and third opinion uh i've been doing financial coaching a long time i have never yet heard of a fifty thousand dollar dental operation not once unless there was some kind of car accident well they're taking all of her teeth out i don't care veneers or something i don't care i i really want to get a second and maybe a third opinion okay okay on this in other words if you're going to do a fifty thousand dollar uh remodel you get three bids the same thing here okay because i'm i'm i'm suspect okay so yeah i think if mom wants to sell the house that's hers we got to figure out what the tax implications are and that money has

to be held back and the rest of the money she can have and use for her dental okay but no i'm not going to borrow money no and she doesn't she and don't put a HELOC on the house obviously no not in your name you already got enough debt in your name yeah exactly yeah so she's now a renter with good teeth okay gotcha thank you so much oh man I'm sorry what a mess let me tell you though this is a really clean break to something that's going to get worse year by year. This is going to go sideways at some point because this lady doesn't handle money well and he's propped her up with this purchase and it's going to go sideways someday. So this is a good time for it to go sideways and get it cleaned up and get his name off of all of her debt, the debt that's associated with her.

Okay. So the best thing is to sell this house, let her take the money, and just keep whatever we would need to keep her taxed. This house, meaning the one she lives in that's in your husband's name. Right. Yeah. But get tax. You've got two types of taxes you have to consider.

Like you said, gift tax. Is there a way to work around that? And then you also have to consider the capital gains tax on it. Capital gains tax is probably going to be around $10,000 or $15,000 on this based on what you told me. Something like that. And you can probably move around some stuff on the gift tax and not have any. But you probably need to do a couple of gyrations. It's ridiculous if you get into it.

But what is the thing this year? I can't even remember. Let me get my cheat sheet out. It's fine. $16,022. Okay. So it's probably up a little bit from that. So it's probably $20,000.

So that much of it's not going to be taxable, but the rest of it they're going to have to do something with. And I don't know you're gonna you need tax advice and you need a realtor but i think this whole story is going to change when you tell mom the house is sold because right now all she's want to do is borrow and now she's got to move so i think this is going to change I bet you the whole thing blows up. But I'm trying to stir up trouble. Because trouble needs to be stirred up here. Because it's going to come sooner or later.

And we might as well go ahead and get it out of the way. Because, yeah, you don't have a money problem, Stephanie. You've got a mother-in-law problem. And I'm trying to help you with that. So get her with good, clear boundaries. Yep. And in that situation like she said he graduated college had a good credit score mom needs a house i'll take it out

in my name right all the your husband this stuff this stuff happens your husband didn't tell his mother no when he should have but he wouldn't know too though that's what i'm saying is a lot of this stuff though this is where it is it's it's the good intention yeah it makes sense mom can't get the house but i can put it in my name she can pay me like it all sounds good until you're married true and also it's that's why you have to be careful with money and the good intention with family members and friends so don't put your name on other people's debt ever and if you're gonna loan if you want to if someone's asking for a loan you either give it or say no but this whole like attach your name to my stuff and my money think that it just gets weird it gets weird so remember clean everything needs to be clean i guess i'm

gonna get hate mail from dentists but that's okay i'm trying to get no i'm trying to get trying to get more of them i think dental dental stuff is expensive, though. Well, yeah. And sometimes. And yeah. Check it. Get a bid. Yes. Get another opinion.

It's not a bid. We're not doing drywall, but don't get a bid. But yeah. Get several opinions and estimates. And is there other ways to solve this issue? Fix the problem. Yep. Because this sounds like a complete reconstruction like a car

wreck or something yes like oh man nasty extracting everything and a whole new set of teeth young young young young people you 18 year olds 17 year olds 22 year olds parents come to you asking you to do stuff like this don't i love you mom no i love you mom no and No. I love you, Mom. No. And by the way, no is a complete freaking sentence. There you go. I love you, Dad. No. It's sometimes the dads. Well, this was Mom.

I know, I know. Come on. That puts us out of the Ramsey Show and 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, it's Rachel Cruz, co-host on The Ramsey Show. If you want to do your debt-free scream live on the show, visit ramsaysolutions.com slash debt-free scream. We'd love for you to

come to Nashville and tell Dave your story. That's ramsaysolutions.com slash debt-free scream.