The Ramsey Show - App - You Have GOT To Get off the Couch and Quit Making Excuses! (Hour 3)

Episode Date: November 12, 2021

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Thank you. Live from the Ramsey headquarters here in Nashville, Tennessee, broadcasting from the Dollar Car Rental Studio, this is The Ramsey Show, where America hangs out to have a conversation about your relationships, your life, your money. I'm John Deloney, joined here by my good friend and best-selling author, Christy Wright. We're taking your calls on life, money, relationships, businesses, everything. 888-825-5225. It's 888-825-5225.

Let's go to Erica. Eric. Not Erica. Regular old Eric, but not right. We'll go to Eric in Columbia. Hey, Eric, what's up? First off, I love Sex for Lovers. That's a great song.

Excellent. And secondly, I just wanted to respond to that other person and say Man in the Mirror by Michael Jackson. I'm talking about the Man in the Mirror. I like that. That is every day you look. That's you talking about yourself i love it man so how can we help today thanks for calling what's up um i've just been dealing with

i mean i had a divorce um and then a two-year relationship pretty much right after that, that just went completely downhill. Of course, COVID's been terrible. And I'm a handyman because I'm trying to not work as much as possible to take or like to be around my 10-year-old daughter. Okay. like to be around my 10-year-old daughter. I only get her like every other weekend, which is so I can't work those weekends and sometimes places when you're in service industry. They don't want that. And of course, with COVID, that's just a difficult situation.

I mean, I paid for my college outright, didn't enjoy what I was going to do, and I've just been struggling as far as what I really want to do. I mean, I'm 36 years old. This friend of mine told me to pick up this life insurance company. I mean, I don't know what to do, honestly. I mean, go back to bartending, or I mean, I can make good money bartending, or I mean, I don't, I need advice. What do you want to do, man? What do I want to really do i would love to teach children how to play golf but that's twenty thousand dollars a semester for the sgga in orlando florida and that would also be

seven and a half hours away from my daughter okay so you've you seem to have desires in your life, and then you immediately throw up roadblocks as to why you can't have them. I want to have one of the hottest, easily the hottest handyman market of my lifetime. Yeah, but the weekend stuff, and some people aren't going to like this. And I really would love to do golf, but that's too far away, and that's too much money, so I'm not going to do that. And you have these ideas and these dreams and these hopes, and you know about looking in the mirror. You told me this

song right when the call started, but there's something between you and taking that action. Is it years of being burned? Are you just tired, man? Yes. I actually ran for pretty much until i was about 34 yep non-stop and then when i had 35 i just i mean i was cutting down a tree with a hand saw um and my ex-wife was not helping at all with anything in the yard. I mean, I was doing everything. And then, I mean, I literally, like, pretty much gave myself a stroke.

I mean, like, I had to get, I mean, my dog was a service dog. My blood pressure was, like, 210. Yeah, just your draw just your spirit on the phone is a guy who is just cashed out and then you told me about this

beautiful 10 year old little girl that you got oh yeah that you don't get to see enough those are the two things that are keeping me I'm trying to stay motivated That you don't get to see enough. I got you. And here's what I need you to see. The best way you can honor that little girl and love that little girl is to love her daddy.

The best way to love her daddy... There you go. Because right now she's absorbing this, brother. And I want you to find joy. And I want you to find peace. And I want you to find a spark again. And your spark's gone out. And life happened to you, man.

Life happened to your heart. It's hit you in the mouth a bunch. But the question is not all the things that happened. That's happened, dude. And you'll spend years unwinding that. The question is what are you going to do today? That's right. That's right.

I mean, I need to take a five-minute event and then just. No, no, no, no, no. Your body's been running and fighting for a long time, man. You're tired. It's okay to rest. No, no, no, no, no. Your body's been running and fighting for a long time, man. You're tired. It's okay to rest. It's okay to rest, man. Yes, sir.

But you've got to start loving Eric, and you don't love Eric right now. You're sick of Eric. Mm-hmm. Eric, how much are you working right now as a handyman? How many hours a week? I work as much as I possibly can because I used to bartend, and most of my clients are people that I bartended for, and I do pretty much anything out of the tools today.

Now, how many hours? Whenever they let me. It depends on the rain. I mean, it's give Nope, nope, nope. Give or take, I would say 20 hours a week. Okay. That's one-third of the amount of hours you should be working. How much money do you make a year?

That depends on the job, but at the same time, I mean, at one point, like about six years ago, I was making six figures. Right now. Right now, I'm making about just five. 5,000 a year? No, like five figures a year. Yeah, but that could be 99,000 or 19,000. Right.

I mean, it could be. 000 or 19 000 right i mean it could well i'm sorry like less than eric how much money did you make last year last year i made oh like 18 9 okay all right eric i understand that you've had a hard time you've gone through a divorce you had a relationship that let you down You don't get to see your daughter as much as you want. But all I've heard on this call is excuses. That people don't want you to work on every other weekend. That is BS. The handyman market is absolutely exploding. You could be making six figures right now if you wanted to.

And you could be making six figures in 40 hours a week if you wanted to. You could be absolutely rocking it, which would then week if you wanted to you could be absolutely rocking it which would then the action would get you excited again the money would give you confidence again it would change your whole outlook but man you have got to stop sitting on the couch and making excuses yes you've had a hard time but you can change this now none of those excuses you gave me of the the market handyman are valid none of them zero none of them excuses you gave me of the market, handyman, are valid. None of them. Zero. None of them. If you told me you were in the cruise industry, I'd be like,

alright, it's time to switch gears, maybe. You're in the business that is absolutely exploding. You have to do something different, and if you don't, nothing's going to change. John Deloney and I can't fix that for you, man. You've got to change your attitude. You've got to start loving that little girl's daddy and get after it. In an uncertain world, being a good steward of your

money is more important than ever. While some circumstances can't be controlled, there are items within your budget you can take charge of, such as your health care costs. For nearly 40 years, Christian Health Care Ministries, or CHM, has provided a budget-friendly means of sharing for medical bills when our members need it. Learn more by visiting chministries.org slash budget. That's chministries.org slash budget. Christian Health Care Ministries is a Ramsey Trusted Provider. All right, Christy, I want to talk about that last call we just had. Okay.

He talked slow. He had lots and lots of excuses. And I let that call, we let that call go a little bit longer because I wanted to dig in a little bit further. And you and I off air were talking about just semantics and language. I've always felt the difference between physical tired. I've been working 90, 120 hours a week. And you said somebody comes in and goes, felt the difference between physical tired i've been working 90 120 hours a week right and you

mentioned you said somebody comes in and goes john you have to take a day off or your body will quit on you right and then there's tired existential tired it's depression it is your body is saying we can't handle anymore we are i'm out and the challenge is knowing which one is which, right? Which I'm fatigued. I've been just cranking and cranking and cranking. Or I made $18,000 last year. I work a few hours a week, blah, blah. And the challenge is that existential tired, one of the chief solutions is connection.

One of the chief solutions is little wins doing stuff getting back out there having a successful job that leads to a successful job and getting it going and going and going helps lift your spirit you find purpose and so it's where that's the connection that me and you and ken and dave all of our stuff starts to talk about it all merges together which is those little bitty wins done over and over leads to that full whole life. And so, man, talking to that guy, I'm telling him, man, you are tired. And I'm thinking existentially, like life has beat him up. Yeah. And the solution isn't to lay around more.

Yeah. It's to get out there and get going, right? Well, and that's why I wanted to ask because I was just sensing excuses. And you and I were saying this off air, but I was sensing that. And that's why I wanted to go straight to the something measurable. Hey, how many hours a week are you working? Well, the rain. No.

How many hours a week are you working? Well, people, you know, their schedules. No. How many hours a week? Even dodging the question. I'm like, he's not working. And so. And living in the past.

How much do you make? Well, six years ago. I don't care though. Six years ago. Right now. And so, and so then it brought to light even for him, I hope, oh man, I'm not working enough. And so I wanted the listener for all the people listening right now, I wanted to make sure that they were hearing that, that you or me were not saying, oh, you're tired.

Take a vacation. Sit on your hands. No, no, no, no, no. That's not what you need. And I think what I was saying to you off air is I think the average person doesn't discern the difference because you have such a medical background. You know the differences here of what's going on in the brain and the body. But the average person here is tired.

They just think, man, you're just tired. And I was like, he needs to get going. Get going. He needs to get going. Get going with some gas after. That's right. So if you find yourself where you are just crushed and you're feeling, I can't get out of bed, put two feet on the floor. And if you look in, you're making $18,000 a year and you think, I can't make ends meet.

I'm sick of it. I'm tired. Reach out and ask somebody, hey, you got some work for me? And do you got some work for me? And I'll work in the rain and I'll work on Saturdays and I'll work on Sundays. And if you work hard and you're a person that people want to be around, you'll find work, especially in this crazy market, right? And, man, there's nothing that lifts the human spirit like purpose,

like being around other people and connecting with them, like doing a job that you need to be there for, and you do a great job. It all works together to lift the human spirit, man. Yeah. All right, let's go to James in San Bernardino. What's up, brother James? Hey, how you guys doing?

Thank you for taking my call. Outstanding. What's up? Man, props to whoever puts the songs, Tribe Called Quest. That's great. That's Ben Hill over there who took over for James Childs. James doesn't play near that good of music, but Ben rocks it. James is tired.

James seems tired. I love it. Christy, thank you for taking my call, both of you. I wanted to very briefly, Dr. John, Christy, ask you guys if my logic is sound. As you guys know, and I'll try to keep this as brief as possible, home values are exploding. Here in California, they're still pretty high. Back in 2017, a close family member of mine really pushed and was recommending to my wife

and myself to purchase a home that while we could afford the monthly payments, we weren't ready for financially to do the purchase. This is pre-Dave, pre-baby steps. Now the house has exploded in value. This family member gave us the money for the down payment and money to fix it. When we mentioned to them about selling, they got offended and they're a realtor. And when we were exploring the idea of hiring someone else, it just it turned really messy. Now, I'm questioning my thought process of wanting to sell this house because you sell the house. Sure. You know, where do you go then? You know, rents here for a two bedroom apartment are now $2,500 where years ago it was,

you know, more than a thousand dollar difference. Um, I want to know if, if, if you guys were in this situation, if you would consider doing what, what we're thinking of, which is to sell, just to try to cut the cord on a possibly toxic family relationship. Man, there's a lot here to this deal. Chrissy, jump in any moment. I'll talk through it. Recap the situation here because we have a family member that's a realtor that helped you buy this house that you can afford the payments of but they helped you with the down payment you said yeah this was uh this was four years ago yeah so they feel like they can still be speaking into your financial situation you haven't paid them back

well i i would um one of the stipulations was is that they requested that if the house ever gets sold that they want their money back. Okay. Which, okay, fine. You know, yeah, take your money back. We're still, this jumps us from baby steps two into possibly maybe even baby step three B. Where would you live, though? I'm sorry?

Where would you live? So currently, well, we would actually move in temporarily with our in-laws, which isn't something that I really am too excited about. I love them very much. And then what? And then what? Oh, and then try to rent something while we save up a down payment. Do y'all have any other debt? Well, after the sale, no, it'll wipe out immediately no let's say that you don't sell i'm just running some scenarios here what debt do you have if you hold on to the house hold on to the house i would have uh from 120 down to 78 so we have 78 000 left most of which is student loans okay so they gave you 50-ish? They gave us 80. 80,000?

Mm-hmm. Brother, you're, man, you got a mess here on 15 different levels. And even the fact that you're thinking about doing something else that you haven't thought through fully. I want to take them off the table. You made a bad house purchase. I don't care if somebody talked you into it. I want you to own it. 100%.

Okay? So you made this call, and they gave you $80,000. And you're kind of in debt to them. It's a hovering debt that's just sitting over you. If you ever sell the house and I want my money back, and if you sell it in five years and the market's gone sideways, you're going to owe them in a – whatever. It's a mess.

And your solution to this mess is to kind of jump into another situation where you're going to have to move into the house of another family member. So you're doing the exact same thing in the exact same scenario just in reverse. Yeah, I want to run some scenarios where you get out of the mess that you're in and you don't get into a new mess it may be uh not a preferred situation you move a little bit further out of town you rent in a place that is not your favorite neighborhood but i agree i think going from one indebtedness familial relationship into another is not the way to solve this but i do want you to get out from under this weird tangled house i mean it's just if you could have just paid off their debt if you could have just if they gave you 30 and you could just pay it off in a few months

i'd say keep the house pay off the family member and just be done with the whole thing and keep your house but it 80 is a lot for you to take on in addition with other debt. Do you have little kids? I have a three-year-old daughter. My wife, this family member would be on my side of the family going to in-laws. It is not ideal. Find somewhere else. Either find an apartment, sell a house, and do what you've got to do. Don't move in with another family member.

We're going to complicate this thing further. Sell the house, pay off the debt, pay off the family member, start saving for another house, and rent in between. You'll feel more free. Yeah. You need to get free. Thank you. This is The Ramsey Show. I'm John Deloney, joined by my good friend Christy Wright. Taking your calls on life and money, 888-825-5225.

Let's go to Eric in Wichita, Kansas. Hey, Eric, what's going on, brother? Hey, guys. I want to thank you for having me. It's an honor. You got it. Yeah, thanks for calling. It's our honor, too. Hey, Eric, what's going on, brother? Hey, guys. I want to thank you for having me. It's an honor. You got it, man. It's our honor, too. What's up? I'm calling because

we sold a house this summer and bought a house this summer. We walked away with $100K and we allotted for a big down payment, as you guys preached, and to keep that mortgage insurance off and stuff like that, keep our payments down. And we did all that really good.

What we're left, though, is with $42,000 of student loan debt, $17,000 on an investment property that does really well for me, and we have $45,000 in savings. What should I do? Should I pay it off this year? Do I wait until January 1st? Not too sure. So you've got the $40,000 in savings, and you have how much above and beyond that from the house sale?

Nope. All we have left is just $40,000. You have the $40,000. Okay. Gotcha. Yeah. So we are going to still walk the baby steps. Even though you've had some home purchases and that type of thing, you're still going to go through the baby steps even though it's you've had some you know home purchases and that type of thing you're still going to go through the baby steps in order which is you're going to put everything

that you've got which i know is scary but everything that you've got except for a thousand dollars at that debt okay and then you're going to be debt free right yes yes does it matter if i go with the baby steps as far as lowest to highest? So I would pay the rental property off first, and then that would leave me with only $20,000 on the student loan. How much is on the rental property? How much total debt do you have? Total is $57,000. Yeah, so we're still going to have a little bit left to tackle after this. What do you make a year, man?

$5. Do what? Just lost you. $55. $55, okay. What kind of investment property is this? It's just a residential. Okay. So you're about to have a debt free residential property as well

mhm okay you can make an argument either way I mean you're so close to becoming debt free you're not going to have much left after you put this $39,000 at it if you want to if you want to you know that's the smaller

balance you can do that first and knock it out if you want to move that to the back at it. That's the smaller balance. You can do that first and knock it out. If you want to move that to the back of the line just because of the different type of debt it is, you can. But it doesn't matter. You're going to be out of debt very soon anyway. So I would take it. I would just walk it in order, smallest to largest, knock it out.

And so what's the largest balance? Remind me of that. The $40,000 on the student loan. Student loan. So what's actually good about you doing this investment property first and then following them in order, that student loan is going to get on your nerves and you're going to be fired up to want to pay it off,

which is good, versus if the last one was the investment property, say, oh, well, this is good debt. Oh, this is making money. Let's read into the bathrooms. Let's go ahead and... I actually kind of like that. Go ahead and knock that out

so you don't have that, you know, crutch to fall back on or any temptation there. That student loan is going to irritate you enough to want to pay it off and keep you on the plan. Then you'll be debt-free very soon. And yeah, you'll be having that income.

You'll be doing great. And Eric, you make $55,000. Does that include that rental income? No, that doesn't include the rental income. And I actually completely didn't include my wife's income, so together we make $85,000. Yeah, you should count her income always. Well, what's funny is I introduced her to Dave Ramsey, because she's a better Dave Ramsey. Of course she is, because she's smarter than you.

Of course she is. So, yeah, I want 100% of this rental income going to that student loan, and I want you all to just have for Christmas, I want you all to get each other a… John Deloney's Questions for Humans card. Questions for Humans card, yes. You are going to have great conversations over Christmas. Yes.

And it's $14.99. That's right. It's a very inexpensive present. I want you all to make it a priority to just go gazelle intense and get this nonsense paid off. Get rid of this stuff. You should be debt-free by June of everything. Just be done, be done, be done, be done. And then you're going to have turned a major financial corner in your life.

That's just incredible. Yeah, and then you can start building that savings back up. I know it's going to be scary to get rid of that savings towards the debt, but you can build it right back up after that. Let's go to Jordan in Salt Lake City. What's up, brother? Hi, thank you so much for taking my phone call. You got it.

What's up? So my situation is a little complicated, but I'll just kind of break it down for you. I recently just sold one of the homes that I owned that my parents were actually living in. And I received a little over $100,000 from there. The reason why it gets a little bit complicated is because we have no other debt other than the other home that my wife and I live in, which we have about $250,000 on. So I'm just trying to figure out kind of what to do with that money as well as try to figure out potentially selling the home we're currently in as well

and moving to a new location where I split custody with my ex-wife. So trying to just figure out what to do with that situation. Do you have any other debt? No, nothing else. Cars are paid off, no student loans, none of that stuff. Have you got any other savings, like an emergency fund, or is that it? Yeah, so we have about $50,000 in savings, not including the $100,000 we just received from the house.

And are you investing? Yeah. Yeah. So we do. We don't do, I think, as much as what we should just because I worked as a 401k match. Yeah. So I think we do end up about 10% a month or so. When are you thinking about moving?

The biggest thing is depends on the situation um with custody with my kids i've been trying to fight back and forth um to try to get custody and they live right now about 40 minutes away from us so we've been looking to move closer and then thinking about selling our house buying another house which is difficult for us because our goals are to pay off our house and just live here indefinitely um so i would say if we were to move about a year or so, maybe sooner. Okay. What we would recommend if you're following the baby steps is to bump up your investments to 15%. That's going to be an easy switch for you, and it's not going to make a huge difference in your world.

You could really go about it one of two ways. You could take that $100,000 and put it on your current mortgage just to bring that down, and you're not paying interest between now and a year from now if you move or if you don't decide to move, but you're still going to get the benefit of that going towards whatever you move. The only other thing that gives me a slight pause is if you're in that custody battle, the expenses of that and attorney's fees and the unknown. So if you want to hold back more of that $100,000 and bump up your emergency fund to be larger than what a normal person might need

of three to six months of expenses because you're really preparing for whatever these costs could be, then you're welcome to do that as well. Because if you don't use it, then you have the cash when you move to put as a down payment on the house. So I think you could go about that either way.

And I'm glad you got it. I'm glad you got it for that reason for when you're going through something so hard like that. If I'm moving in a year, I would put this money in a high-yield savings account. You're not going to make a bunch of money on it, but you're not going to lose any of it. It's just going to sit there. And like Christy said, it would be liquid if you have an event.

If you're going to stay in this house two, three, four, five years, then yeah, I'd go ahead and pay the mortgage off. Or pay it down, you mean. Pay it down, yeah. So one other option I had, I just refinanced at 2.6, pretty good interest rate. And what I'm trying to figure out is like they said if I put down X amount of dollars, like $50,000, I'll actually redo something basically where they go off that now new value of the interest versus.

So it's like $200,000 is what I would owe essentially instead of $250,000. And they would redo the rate off of that. Your payment would change? It would be essentially less, yes. Yeah. So you're dealing with nickels and dimes if you're talking about 10 to 12 months. If you're going to be in this house three to five years, then yeah, that makes sense. Put 50 in a high-yield savings account, put 50 down on your mortgage and get it to 200.

I mean, at this point, it's six and a half dozen and others since you're about to move and since you're in the middle of a custody battle. I personally would rather stay liquid during the custody battle and as mobile as possible if I'm going to end up still in this house. That's good. Today's scripture of the day is philippians 4 12 i know what it is to be in need and i know what it

is to have plenty i've learned the secret of being content in any and every situation whether well-fed or hungry whether living in plenty or in want coretta scott king says i am fulfilled in what i do i never thought that a lot of money or fine clothes, the finer things of life, would make me happy. My concept of happiness is to be filled in a spiritual sense. Love it. All right, let's go to David in Dallas, Texas. Hey, David, what's up? Hi.

Thank you for taking my call. You bet. Thanks for calling us. What's going on, dude? How can we help? Hi. Thank you for taking my call. You bet. Thanks for calling us. What's going on, dude? How can we help? Hi. So I've been listening to the show for about a year now, and I'm getting ready to start to pay off my student loans. All right. Way to go. Thank you. So I'm 26, and I have around $83,000 in student loans.

Okay. And I have the $1,000 emergency funds, and I've been using the EveryDollar budget app. Excellent. Yeah. So I've watched a lot of student debt-related videos in the YouTube channel, and it's a little weird, but I'm kind of excited to pay it off because I think I know that I can pay it faster. Yeah, absolutely. Yeah. Get this cancer out of your life, my brother.

Yeah. So my question is, as it gets closer to January, I'll be using the desk snowball, of course. I was wondering if I should start paying it off now or save as much money as possible and pay a huge chunk on January. Why would you do that? Why would I save? Yeah, like why would you save up and wait until January to start versus just putting the money that you have on it now as you have it? I was thinking about that too, but I got an email that says I start paying on January.

Start paying today. Yeah. You may have gotten an email that says you don't have to start paying until January, but here's what we want to do. You want to start this process as soon as possible, not just for the interest and not just for the financial you're going to get benefit from it

the sooner you start to knock it down, but for your own self, for your own motivation, for your own sense of progress. I'm doing this. Wow, that felt good. Now I'm going to put next month more on it, more on it. Man, when you get that momentum going, it's going to motivate you to keep going. If you wait, you might stall out. You might spend some money over Christmas.

Like, we're going to start today. I don't care what the email said. We're going to start today. And then you go ahead and get it started even faster. You got it? Okay. Yes. David, we're with you, brother.

Congratulations, man. This is it? Okay. Yes. David, we're with you, brother. Congratulations, man. This is awesome. Awesome, awesome. All right, if you have it, speaking of student loans, if you aren't strapped with student loan payments, odds are you know someone who is. We do, David.

Millions are putting their lives on hold. They can't buy a house or have kids because they're stuck or even worse, they're waiting, waiting, waiting for the government to save them with student loan forgiveness. What a joke. Our team has produced a new documentary called Borrowed Future and it is out now.

It uncovers the dark side of the student loan industry and exposes how the system is built to work against you. You'll see Dave Ramsey weigh in on Epic Failure, otherwise known as the student loan program, along with featured interviews from industry leaders and thought leaders like Seth Godin, Seth Frotman, and John Deloney. Who's that guy? We're coming at this hard, folks. We're taking big swings at the student loan problem with a goal to arm parents and students across the country with the truth.

You don't have to take out loans to get a college education. It's available on Apple TV, Amazon Prime Video, Google Play, or go to BorrowedFuture.com. Let's go to Pedro in Austin, Texas, right down the street. What's up, man? Hey, how you doing? Outstanding. How are you? Pretty good, man.

I have a simple question. So I'm upside down on a car note. I was pretty young at the time, didn't realize what I was doing until it was done. I owe about $15,000 to $18,000 on a car note under two vehicles, so it's consolidated, and one of them is not working. I wanted to see how can I work toward paying my debt off and see what kind of advice you had for me. What other debt do you have? I have a little loan, a $600 loan with a financing company,

and I believe that's about it. Like I said, the main thing I'm trying to get rid of is this car, and I'm trying to stay motivated to pay it off, which sometimes it seems kind of hard to do. Sure. Okay. So tell me again how much you owe. It's two cars that you've consolidated? Yes. It's two cars consolidated on one note. Okay. And the total of the note? It's about 16 to 18 grand. Okay. And what are the cars worth both of them uh one of them's like i'm not sure like i said i'm upside down one of them's at 04 the other one's uh 2008 so like uh one of them is

actually down in the shop and the other one's barely hanging on what are you driving right now um right now i'm not driving anything i'm uh i'm i'm actually a truck driver so i'm not even using them at the moment but i'm saying one of them's down my fiancee's using the car right now because we have uh two kids and she works as well yeah how much do you make a year brother um I haven't been at this job too long. I would shoot for, I'm back about 15. I just lost you. You still there, brother?

About $1,500 or $2,000 every two weeks. I'm not sure what it is a year. About $4,000 a month. Okay. So first thing I want you to do is this. When we asked you how much are on these car notes, you said $16,000 to $18,000. I want you to know exactly what you are shackled to.

Before, I looked up on the app. The last time I looked, it was $16,000, but it was not my payoff. It's an interest-bearing loan. Right. That's what it is. So I want to know what this amount is in the same- $16,000. I want you to take all of your debts.

I want you to list them in order of smallest to largest. That $600, you're like, maybe, I don't know, about $600. I want you to know exactly who you owe and how much. And right now, it's all kind of fuzzy in your head. It's a little amorphous. It's just this, and it's kind of weighing me out, and I'm not driving that car. I want to know exactly how much I owe. I'm going to take ownership of this money, and then I'm going to start swinging it.

I want you to get pissed off at these two loans. One is in a broke car that won't even drive, and one's barely hanging get pissed off at these two loans. One's in a broke car that won't even drive and one's barely hanging on. You got two kids. I want you to get angry at this thing. Crush it.

Be done with this forever. No, believe me. I'm done with loans. I'll tell you that. I know, I know. But right now you're like, you're done. Can you sell the one?

Yeah. The one that's broken? Sell it. I just don't even want you to look at it. Get something for it. If you've got the one car that your wife is using, then that's fine because she's using it. But even just the eyesore of this, of this reminder of what's going on. Sell it.

Sell it. Get a little bit of money. Put that towards it. Attack the $600. Get rid of that. And then get after this loan with unbelievable intensity because you're going to have to. This is so discouraging to you because you're upside down in it.

Having a loan on a car is not fun anyway, but having a loan on a car that's not worth that is unbelievably defeating. I want you to knock this out, not just for the financial benefit, but for your own sense of morale. I hate to say it like this. I wish it was a nicer way to say it, but it's a stupid text. You did something dumb.

We've all done it. We've all done stupid stuff. Oh my gosh. My dumb is way more than $16,000, dude. So this is a slap on the wrist. But it stinks. It's a chunk of your income the next two years. It's not fun.

And it's just a stupid text. I'm not ever, you've learned your $16,000 lesson. You're never going to do this again. So let's be done with loans. Get raged out on this thing. Drive trucks. Deliver papers in the morning.

Work Chick-fil-A on the weekends. I don't care what you've got to do. Get this thing out of your life. Sell one of these cars. Pitch that $150 or $500 or $1,000. Get bananas after this thing. It just starts moving. You got this, Pedro.

And I love, I'm never taking out a loan again. I love it. Yeah, never going back. Hey, Christy, thanks for hanging out with me. This was fun. This was a good day. You did good. You did good.

Questions for humans. Questions for humans. JohnBulani.com, Ramsolutions.com. I want to thank producer James Childs and associate producer Kelly Daniel. And to you, America, for staying with us. We're so grateful for you. Be kind to one another, and we'll see you soon on The Ramsey Show. Have a friend or family member that needs a daily dose of Ramsey advice in their life?

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