The Ramsey Show - App - You Have to Get Scared Enough to Get Radical (Hour 2)

Episode Date: July 17, 2019

Take control of your money once and for all. The Dave Ramsey Show offers up straight talk on life and money. Millions listen in as callers from all walks of life learn how to get out of debt and start building for the future. Check out the fifth most downloaded podcast of 2018!   Tools to get you started: Debt Calculator: http://bit.ly/2QIoSPV Insurance Coverage Checkup: http://bit.ly/2BrqEuo Complete Guide to Budgeting: http://bit.ly/2QEyonc Interview Guide: http://bit.ly/2BuGnZE     Check out other podcasts in the Ramsey Network: http://bit.ly/2JgzaQR 

Music Music Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, 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'm Dave Ramsey, your host. You jump in, we'll talk about your life and your money. It's a free call at 888-825-5225. That's 888-825-5225. Fred is with us in Los Angeles. Hi, Fred. Welcome to the Dave Ramsey Show. Hey, Dave. How are you? Better than I deserve. What's up?

Good, good. So here's the question. My wife and I followed your plan and thankful we're out of debt. We both are college educated, make over $200,000 a year. And then other part of the coin is my parents um while they are also very wealthy and have helped us um not pay off our debt so much as to um helped us get a home when the economy was in the downturn and be able to get in some place so they did help make a down

payment on our house cool um out outside of that, we're in a pretty good spot. Like I said, we've completed the steps. Way to go. Not just putting money away and whatnot. Good. The reason why I called is maybe somewhere to kind of let your daughter go through, I'm guessing, being connected to you. Finding that a lot of our friends, not a lot, maybe four or five, are envious of our situation.

And what it appears would be is that my parents have given us money to live the kind of lifestyle that we have. We don't, you know, overlive our money as the Bible teaches, and we give, and we're very generous with our giving. So we do make a decent amount of money, but again, it goes back to I've had friends make comments, very snide comments about, oh, well, it must be nice, or things of that nature. It's tough to hear that, because when my friends have good things happen to them, I'm generally happy for them. I'm happy that they're doing well, that they've got a good job and they're able to buy a house

and I'm really happy for that. But it just feels like sometimes some people that are your friends are jealous or envious of the social situation that you're in. How old are you? 35. Okay. Well, you're old enough that you've experienced that some of the people you went to high school with, you're no longer in contact with because you don't have anything in common with them.

Right? Yeah, I do. Some of my high school friends are. Not because you're stuck up up but because you don't have anything in common with them right i mean the people i used to raise hell with when i quit raising hell i didn't have anything in common with them you know and so uh i mean i i'm not mad at them i'm happy to spend time with them but they're probably not going to be in my inner circle like they were when I was in high school because they've continued that lifestyle and I haven't. Okay.

And so what happens as you become more successful, regardless of how you did it, as long as you did it legally and morally and ethically, which obviously you did. But as you become more successful there are people that don't understand and they make um hurtful or snide comments sometimes they're even in your family and um so what sharon and i have learned to do is we have to decide how hurtful and how close that person is if this is a distant person who just says something that's, you know, just socially weird and they're just too dumb to know that what they said was hurtful, we just water off a duck's back and let it go. But if this was what we considered to be a close friend who made a comment like that,

I would call them out on it. And I would say listen you know what number one you're wrong number two that's hurtful you act like with your little eye roll and it must be nice that i haven't done this and that somehow that my parents did it for me our parents helped us but it was very little dude i make a couple of hundred a year and we've managed to live on less than that because we're disciplined and that's how we got where we were luck had nothing to do with it and so if you and i are going to be friends you're going to have to be my cheerleader

not by a detractor and i've called people out on it sounds just like that but not many times most of the time they're distant enough from me and and i just don't really care what they think and so i just go on you know we built a big nice house and and you know we had a uh you know a person in the outer rings make comments about our house you know oh that's you shouldn't be doing a house like that and you shouldn't that's just opulent and they're just showing off or whatever well all that means is i'm not going to be spending time with you much. And I'm not going to confront that person. There are four or five rings outside the inner circle.

But if they're close enough to me and they make a comment like that, I'll pop them a little bit. I'll call them out on it. I mean, gently but very firmly. You know what I'm saying? So you just decide how close they are to you as to whether you want to bother with that or not. My question on that then is,

how specific then do you get with them about your situation? Obviously, you have a situation different than I have, but as far as numbers go, or hey, here's how it worked out or whatever, that's none of their business. You know, you can decide that in this situation. But, you know, I don't have to explain it to you, but I'm going to tell you this much. Okay?

Here's what happened. And, you know, Mom and Dad helped us a little bit with the house and everything else we did because we make a couple hundred a year and we live on less than we make. It's been a matter of discipline and diligence. And, dude, don't make a comment like that again if you want to be close with me because that makes me mad or hurts my feelings. Have you, last question, kind of on the same topic as, kind of going on what your framework says,

and I agree that you keep your friends close to you who kind of share the same amount of income. And I do have some friends that your friends close to you who kind of share the same amount of income. And I do have some friends that are pretty close to that that have also made similar comments. Have you had the same? I mean, is that? No, I mean, sometimes it's effective. Like, this isn't a deal.

Yeah, yeah. Sometimes it's effective by that. Now, I've got lots of friends that make a lot more than I do and are a lot wealthier than i am and i got lots of friends that don't have a small percentage of what we've got um and uh but they're the kinds of people that i share a value system with i share a faith walk with and um what my net worth or my income is irrelevant in that relationship and if they can't if they make it relevant by doing something like that in that relationship, it damages the relationship. I didn't change. I didn't become snobbish.

I'm still just Dave from Antioch. I'm still the same guy. I didn't change. Now, I've cleaned up my life as I've cleaned up my spiritual walk over the last 40 years. And, you know, I'm a better person of character than i was because i was a character you know and so that that part has changed but i'm saying i'm not i didn't become stuck up or snobbish or i don't look down at people because of money but i'm also not going to be talked down to by people who purport to care about me because I've become successful. So, you know, I'm not going to rub your nose in it, but, you know, we're just not going

to have weirdness around the money subject. If we're going to have weirdness around the money subject, then it's not going to be happening much. We're not going to be around each other much. That's what it comes down to. This is the Dave Ramsey Show. This is big news, guys. You need to stop and listen.

The Fed decided not to raise interest rates. That means you've got a small window of time before rates rise again. Here's the deal. Most people are paying too much interest on their largest expense, their home. So you're freaking crazy if you don't take 10 minutes to call Churchill Mortgage right now and see if they can save you money before rates rise again. A mortgage through Churchill could save you thousands, or better yet, reduce the time until you're debt-free. Can you imagine how it would feel to no longer have that payment looming over your head every month?

Just go to ChurchillMortgage.com or call 888-LOAN-200. Their team of experts will give you more clarity about your options and more peace knowing you're saving significant money in the long run. Call 888-LOAN-200. That's 888-562-6200 or churchillmortgage.com. Chris is with us in Columbus, Ohio. Hi, Chris. Welcome to the Dave Ramsey Show. Hello, Dave. Thank you for taking my call.

Sure. What's up? Well, I'm a current firefighter, and I own a small business on the side selling fire equipment. And I'm trying to expand, and we've doubled in business sales last year and this year already. Great. And we're doing very well. It's a family-owned business. And I'm trying to expand and take on another product line,

and individual items run about $3,000 per firefighter that I sell this piece of equipment to. This manufacturer, though, has questions because my business does not have any debt. We follow your program and we operate totally off one-hand cash to do our sales and purchase of equipment. So they've said you can either pay for it up front, which I obviously don't have $100,000 in capital laying around if I was to outfit 30 or 40 firefighters. So they're saying, well, go out and get a line of credit, and I know that's against what you teach. How have you been doing it to this point? On hand cash.

Okay, and you can't do that. Why? Because you're wanting to add this particular line and this particular manufacturer? Correct. I'm trying to be the state of Ohio's representative for this manufacturer, and each set of turnout gear is approximately $2,000 to $3,000. So if a fire department needs it, I can't pay for it all up front, and I'm surely not going to put this equipment on a credit card until the invoices come due.

Okay. And typically you've done it with the other stuff, but it was a cheaper price per unit? Well, correct. They would let me do net 30 terms. So as soon as my invoice comes in, I pay them within the net 30. No issues there. Well, just tell this manufacturer you're not going to be able to represent them then okay walk away okay okay because they're listen that's ridiculous

that they won't give you net 30 terms yeah if you haven't if you have a signed invoice from a fire department to order their crap and they won't turn around and give you, you know, you ship them a copy of that invoice, and they won't ship you the stuff with net 30 terms with that invoice, and you're willing to assign that invoice to them to get that paid, you know. No, I'm not going to go borrow money so you can run your business. I felt the same way. It was just something that I'm like, well, what do I do? Because I obviously want to carry the product line.

I believe in it. You want to carry it more than they want you to carry it. That's what it sounds like. Yeah, and that's good business to walk away from. You've done very well by staying within your means and by doing this you're you're not you're not hurting you're not pressured the only thing you've got is just some ambition for growth right yeah yeah and so you know don't mess it up by getting greedy you know that's what it comes down to because Because you're going to step over the line of what you believe to be true and what I know to be true,

that you're increasing the risk for your business because you took out a line of credit. Because what happens then is you're going to get hammered with that line of credit if these guys jerk you around. And you're going to end up calling me up, Dave, I'm $300,000 in debt, and I'm just a guy that is trying to sell some fire equipment you know that's not going to happen i can assure you that well i mean that's that's where that's that's where this goes that's the that's the trail that the rabbit hole that this opens up and so i would just tell those guys listen i'll be happy to work with you and we'll help you out and you know i'd love to be your representative and i could sell a bunch of your stuff, but if you can't give me net 30 terms while I turn the invoice with the fire department that we're selling it to

and I have to go borrow money to buy your stuff, that's just crazy. You know? That's crazy land. I'm not doing that. Everybody else gives me those terms. Right. Yeah, absolutely they do. Thank you very much for your time.

What will happen is one of two things, okay? Having done this for 30 a matter of what will happen is one of two things, okay? Having done this for 30 years now, what will happen is one of two things. One thing is you walk away and they go, okay, no deal. And they walk away. And you find out two years later that there was a bunch of garbage going on and you're really happy you weren't involved. Or what will happen is you'll walk away and two weeks later they'll call you up and go you know we like you okay we're going to do the

net 30 thing okay and they'll either come back because you just had walk away power and walk away power here is just emotional so you're you're doing a good job stay in your lane man you know don't mess up a good thing you're doing right your job. Stay in your lane, man. Don't mess up a good thing. You're doing right. Your instinct was to do that anyway. I'm just confirming your instinct. Scott's with us in Orlando, Florida. Hey, Scott, welcome to the Dave Ramsey Show.

Hi, Mr. Ramsey. How are you? Better than I deserve. What's up? I am a new listener, and a couple times I've heard you mention how it is bad to lease a car. And my mom, she's leased, I think, two of her last three cars or something like that. And I was just curious as to why you think that. Well, leasing is just another form of financing a car.

Okay. If you go borrow the money at the bank or go borrow the money from GMAC or whoever, right, or from Lexus Credit, and you pay payments on it. You've borrowed $30,000 for a $30,000 car, and you pay payments on it for five years or whatever, right? Mm-hmm. Okay? Right. If you lease a car, you're paying payments on it, and you've got the car for five years. And at the end of that time, you either write them a check for whatever's left over,

call the residual value, and you get the car, or you hand them the keys back. Okay? Right. Either way, you are paying a finance charge on the amount of money you're using. Okay. If you're borrowing the money, it's called interest. And you have an interest rate, an APR, an annual percentage rate. There's a truth in lending statement. You may have seen them published at times.

That's usually like an 8.5 by 11, and there's two big numbers at the top with a big line through them. It covers about a third of the page and another line, and below the third of the page is a whole bunch of disclaimers, and it tells you what your actual cost of interest is. It's a federal truth in lending statement. When you borrow the money on a car you get one of those have you ever seen one of those you know i'm talking about yes and that's your interest rate that's your interest rate so it's you know eight percent six percent two percent whatever your actual interest rate is

on a lease it's not technically under the law a loan so there's no disclosure as to what you're paying for the money. Interest is what you pay for the money. In a lease, it's technically called cost of capital. But if you took a financial calculator and you put in there the value of the car, the MSRP on the car, at the beginning of the lease, the residual value at the end of the lease, the payments in the meantime, you can back out what your effective interest rate is, your cost of capital is. It usually comes out around 14%.

Okay. And so when you do the actual math on a lease, it is the most expensive way to operate an automobile. Okay. That's why it's bad. Okay. And you don't even own the automobile. Technically, you're renting it is what it amounts to, right? Okay.

But that doesn't matter. And you're not missing out on the depreciation because if a $30,000 car you drive off the lot when you lease it when you turn it back in if it's worth 10 you can be guaranteed that $20,000 drop in value is built into the payments that you paid they're not going to take the loss in value they're going to hand that to you in those payments so you you don't escape the loss in value the depreciation you pay a high cost for the money that you're borrowing and it's all an illusion and and yet 78 of the new cars that leave the lot right now are leased because the car companies make more money on the lease than they do on a borrowed deal and they make a lot more money than they do with a guy like me

that pays cash for them and buys it at invoice. And I buy usually typically right around invoice when I'm buying a car. And so that's the reason. It's just simply more expensive. And, you know, Wall Street Journal, Smart Money Magazine, Consumer Reports, Dave Ramsey, we've all done breakdowns and articles on the lease showing that it's the most expensive way to operate a car. That's why, Scott. Hey, thanks for the call.

It's a really good question. This is The Dave Ramsey Show. Thank you. Thanks for joining us, America. Mike is with us in Orlando, Florida. Mike, welcome to the Dave Ramsey Show. Hey, Dave. How are you doing? Better than I deserve. What's up? So I'm an airline pilot that lives in Florida. I'm married with a kid, and I recently just purchased a home closer to the airport so I can make my commute easier.

And my condo, I set it out as a rental property. And just kind of wanted some advice as to the best way to handle these two debts that I have, whether to pay off the condo and have that income come in and pay off my house or sell the condo and put that money towards the new house. I'd sell the condo and put the money towards the new house. Awesome. I appreciate it. I'm just trying to become debt-free

and be small in my money. Here's how I came to that conclusion quickly. Let's pretend that you didn't own the condo. Okay? And you just owned the house that you just bought you follow me yes let's pretend you're in that situation i asked myself if i were in your shoes would i go borrow extra money on my personal residence to buy a rental condo and And the answer is always no. I wouldn't.

Okay? And because I wouldn't want to, you know, have more debt on my house to buy a rental. Effectively, that's what you're doing if you keep the condo and don't sell it and put the money down on the house. Do you see what I'm saying? Yes. And so that's how i make that decision real quickly i just reverse engineer it and it tells me okay no i wouldn't do that i wouldn't i wouldn't

do it if the only way only reason you have this condo is by default it wasn't by strategy or plan and you'd rather have the reduced debt on the house than the condo when it gets right down to it i would and that's what also what I'd recommend. So good question. Abigail is with us in Dallas, Texas. Hi, Abigail. How are you? I'm doing good. How are you, Mr. Ramsey?

Better than I deserve. What's up? I was calling because I needed some assistance in trying to decide how to get out of debt. I am currently, it's really embarrassing, but I have $429,000 in student loan debt. Good Lord. Are you a doctor or a lawyer? Unfortunately, neither. I am a pharmacist, so I don't know if that really is a must for it.

Why did you spend $400,000 to become a pharmacist? Yeah, I know. Well, it was actually a private school. And then the interest from, because I graduated five years ago, and the interest is 7 point, I think it's like 7.25. So what are you making, like $120,000, $130,000? Currently, yes, $120,000. And then my husband makes $90,000. So together we make $210,000 before taxes.

And unfortunately, before I found your program, we purchased a home that right now I know we shouldn't have because we can't afford it, but we currently owe $350,000 on that. So our monthly mortgage is $3,100. What's it worth? Right now it's worth $425. Okay, so you didn't put anything down. Do you have any money

saved? I was out of work for a while, but we only have about $30,000 saved right now because I was out of work for about a year. I had a baby, so I couldn't work for a while, but we only have $30,000 in our savings. And right now we're both working full time.

So we're estimating to make about $210,000 for the year. And I was just trying to figure out which loan, how to really, if I should refinance the student loan for a lower rate or just pay off the house, and then I'm really not sure. I don't know how to get out of it. If you were to go to your doctor for a checkup and you sat down with your doctor and he said, hey, Abigail, I've got really bad news. You've got cancer.

It would scare you to death, wouldn't it? Oh, yes. And then he would say, but I think we can save you if you do these three things. It's going to hurt. It's going to be really radical, but I think we can save you. That's where you are. You have financial cancer. Yes. The bad news is you are in a deep hole.

The good news is you have a pretty good-sized shovel making 210. But you guys are broke people, and you need to start living like broke people. You've been living for five years like you make money. You don't make money. You are broke. Yes. And you're going to have to do what the cancer doctor says or you're gonna die okay and that means you are never going on vacation again until you get this cleaned up

you are not going out to eat again until you get this cleaned up you aren't buying any more xyz period beans and rice rice and beans at your house you're gonna live like broke people because you're broke people if you make two hundred ten thousand dollars and you do that and you live on less than a hundred thousand and you put a hundred thousand dollars a year on student loans in four years you'll be debt free won't you yes but that means no life scorched earth on the lifestyle and that's going to shock your system because you guys have been spending everything you make for five years you have nothing to show for your good income yeah you got to stop it it's going to be radical and there's no in between this student loan is going to be the

bane of your existence for the next 25 freaking years if you don't stand up to it and punch it in the nose you have got to get scared enough to get radical are you oh yes um i i was i was thinking if we should sell the house. It doesn't have any equity. Okay. It doesn't do any good to sell it. It's not your problem. Your problem is you got to spend everything you make.

Yes, yes. You have $30,000 to your name. What do you owe on your cars? We don't owe any. We don't have any credit cards or any car debt. That's good. The only thing is the home. What are your cars worth?

Oh, I got my car back in 2012, and it's a Hyundai Sonata. It's already paid off. So honestly, I don't even know how much it's worth. Yeah. What's his car worth? His car, oh, he just bought it. It was an old car i think it's about five thousand okay all right so you're not driving you're not driving fancy cars then

oh no no no good all right let's get on a tight budget on every dollar and the two of you sit down tonight put the kids to bed turn off the tv and look deeply into each other's eyes and say the worm has turned we're about to change our lives if you'll do that i can show you how to walk out of this but you can no longer screw around with this it's not going to just the lone ranger is not coming the calvary's not coming the john wayne is not coming he's dead you have to fix this you cause the problem and you have the income to fix it but you're gonna have to get radical and the more radical you get the faster you'll get out the deeper you cut the more money you throw at these student loans the faster you'll get out but dancing with the devil has gotten you nowhere except getting your toes

stepped on and that's what you've been doing you've been dancing with old ugly sally may just like like she loves you or something and she does not love you she wants to ruin your life and is in the process of it thanks abigail i hope that helps you open phones at 888-825-5225. That's what we're here for. We're going to tell you the truth. More than 78% of Americans are living paycheck to paycheck, and most can't cover a $1,000 emergency.

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Text the word COACHING to 33789. COACHING to 33789. This is the Dave Ramsey Show. We'll be right back. patrick is with us in kansas city hey patrick welcome to the Dave Ramsey Show. Hey, thanks, Dave. Cool. How can I help? Yeah, quick question. I've got a, or my wife and I have a couple of rental properties that we own free and clear. They're underneath an LLC, and we own half the LLC, and we also have a mortgage on our primary residence, and we're considering potentially selling those properties to significantly pay down the mortgage on our home, and I wanted to get your take on that situation.

What would you do? Who owns the other half of the LLC? My in-laws. Okay. Would they buy you out? Potentially. We're not sure yet. We need to have that discussion, but I know they're open to selling, and they might also be open to buying us out. Okay. All right. What do you owe on your mortgage?

About $190,000. What's your household income? About $125,000. Okay. So how quick do you pay off your home if you sell the rental properties? I think we can have it paid off within a couple of years. Okay. If you don't sell it. Well, we're getting ready to refinance to a 15-year mortgage, given the favorable rates.

And so we would go that route. And we have a little extra cash we would throw at the principal. So I think if we were aggressive, we could have it paid off in about 10 to 12. Okay. So if you like rental properties and if you want to own the rental properties with your in-laws, what we're gaining here is about a decade. Right. That's what it sounds like.

That's pretty substantial gain. I mean, that's a big move. And how old are you guys? Forty. Okay. Forty. I've got kids who will be, well, my oldest will be going into college here in about five years. Not having a house payment would be wonderful.

I assume you've probably got college funding already going, though. We're going. That's the next phase of our plan. We've gotten rid of all debt except our mortgage, and we're putting away the suggested amount into a couple of IRAs. We're maxing those out every month. And so now college savings is next on the list, and we're also considering trying to retire our mortgage debt as quickly as possible.

If it only sped up your getting out of debt on the house by a couple of years and you loved rental property, I might say gut it out and keep it. But it speeds it up by 10 years, and it gets you out of a partnership, which I'm not big on partnerships, even with in-laws. So I'm probably selling it. I think you'll get back into real estate that you own 100% that you pay cash for, but it'll probably be when the kids clear college. Right, right. And you start saving aggressively then because you have no debt and no kids at home and no college bills to pay. And, you know, you're a baby step saving it. And so, you know, that's cool.

I think you'll probably buy some real estate, you know, by the time you're 50 and start buying real estate that you pay cash for. And if you do this deal, you'll get back in the business because you didn't not tell me that you're sick and tired of rental property. You just said, oh, I can make a leap forward. Yeah, no, that's really what it is. We're certainly not – I don't – I certainly like having the rental properties, but if there's a smarter option, then that's what I'm open to. Yeah. I think I would.

I think I would. Okay. There's no slam dunk on it, but, you know, the needle does tip that direction. So good question. Interesting discussion. Hannah is with us. Hannah is in Valdosta, Georgia. Hi, Hannah.

Welcome to the Dave Ramsey Show. Hey, Dave. I'm so excited to talk to you. How are you? Better than I deserve. How can I help? So me and my husband are recently out of college. I got out of college about a year ago and been working for a year,

and then he actually just graduated college and is just now starting work. And we are wanting to get on track with Financial Peace University to get rid of our student debt and some other loans that we have. And we had a question about your envelope system. We have a lot of bills. Actually, all of our bills except for our power bill are on auto pay. And we want to know how to work the envelope system with auto pay withdrawal. I wouldn't. Okay. I wouldn't. You know, I don't use the envelopes for everything.

I only use them for things that you spend when you're away from home. Auto pay is just like your utilities are automatically drafted. Maybe your car insurance or something is automatically drafted there's nothing wrong with that at all it makes life very convenient you always get the benefit of the discount of paying on time and everything so um you know i wouldn't mess with that but it's stuff like going to the grocery store that's not on auto pay right and so you need to say all right how much are we going to spend on groceries for the month? And before, you know, when you get the first check, you cash that much and put that much cash in an envelope that says food on it. And then you buy your food with cash at the grocery store out of the envelope.

Same thing with clothing. It's not on auto pay. Same thing with entertainment. It's not on auto pay. For years, Sharon and I bought gasoline out of an envelope, but that was so long ago that they didn't have pay at the pump in those days, which sounds absurd when I say it out loud, but it was that long ago. So now I'd just say use your debit card at the pump

and make sure you're entering it into your every dollar budget and you're tracking it with your every dollar budget but so today we don't use envelopes but for a few categories and they generally are things that you spend when you're away from home if you're on your computer paying a bill you're not away from home okay but if you're going to the grocery store you're going to the clothing store you're on your computer paying a bill, you're not away from home. Okay? Right. But if you're going to the grocery store, you're going to the clothing store, you're going out for entertainment. And sometimes when people are first starting, they separate their restaurant budget from their grocery budget and have two envelopes. And, of course, the restaurant budget shouldn't have anything in it if you're getting out of debt because you shouldn't be going out to eat.

But while you're getting your debts paid off, we're on beans and rice, rice and beans, gazelle intensity and all that. So have you guys been through Financial Peace University yet? No, we have not started. We've been heavily debating it. We've been watching all your YouTube videos and trying to just see if it's the right thing for us which I'm sure it is. But

we're about to get started because I actually start my new job on Monday at the new hospital. We just moved to where he's living or where he's from. So I start my new job and then we want to get on track with it. Listen, I'm going to sign you up as my gift, okay? Okay. Awesome. Thank you so much.

If I do that, will both of you go to the class? Yes, sir. Okay, good. We're both very invested into it. Great, great. Well, I'll put you on hold, Kelly. I'll get you signed up, and then you find a class in your area, go through the nine weeks, and it includes the EveryDollar Plus for a year,

and it includes all the audio and video and the full online digital experience for a year, which has got a lot of our streaming live events and all that kind of stuff. Don't miss it. Take full advantage of the full membership, but for sure go to the nine-week class, okay? Yes, sir, we will. Thank you so much again. You're welcome. Our pleasure.

Congratulations. Sounds like you got a great start on things. Hold on. Kelly will pick up and we'll get you guys signed up. So if a National Peace University started out years ago. I taught it with an overhead projector and a bad suit. It was called Life After Debt, and the first class had four families in it. Nowadays, it's been taught to about 6 million people,

and about 50,000-plus churches around America have taught it. It went from being a 26-week class. It was 13 lessons taught every other week because for six months, I wanted to walk with you and help you reset your discipline bone and get it healthy so that you could manage this money and stay with it. That was pretty cumbersome. It got cut down to 13 weeks. Later, we cut it down to nine weeks we've just shot

uh several new lessons for it it's still nine weeks long uh the generosity lesson has been redone and is stellar it will make you cry it will make you want to be generous and we're going to show you how to be generous it's the ninth lesson of the nine lessons, by the way. So if you're taking it beginning in August, you're going to see that new generosity lesson, and it is stellar. If you're a member of the online, it will be changed out online, and you'll be able to watch the new generosity lesson as well. The first four lessons take you up through the baby steps and so we show you exactly how to do this stuff guys it's only 129 dollars i mean it's a deal includes all this stuff it's just a bargain now we throw so much stuff in there it's like a thousand dollars worth of stuff it's just a it's the

deal of the century this is is The Dave Ramsey Show. Hey guys, it's Blake Thompson, Senior Executive Producer for The Dave Ramsey Show. This hour's over, but you can find more great content on our YouTube channel. Catch the most watched Dave Rants, deathlys, and the very popular Everyday Millionaire segment. Go to the Dave Ramsey Show YouTube channel and click subscribe.