The Ramsey Show - App - Your "Good Idea" May Have You Paying Stupid Tax (Hour 2)

Episode Date: May 13, 2024

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. The phone number is 888-825-5225. host of the dr john deloney show and uh author of a couple of number one best-selling books the latest building a non-anxious life he's my co-host 888-825-5225 auburn alabama ashton is calling hi ashton what's up hey how are y'all better than we deserve how are y'all we're good i'm so happy y'all took my question because we really need some help with this we'll give it a shot okay so me and my husband were 25 and a year ago we purchased a camper and a truck because the payments on that were going to be cheaper than what our apartment was going to be which which was going to be almost $3,400. And now we're stuck with a camper and truck, and we're going through baby steps,

and we're trying to figure out if it's worth keeping the pay down until it's out of the upside down, or to sell and then pay on the upside down. Do you still live in it? No, we do not. My mom has a rental house that became available, so we live in the rental house now. So the plan that it was cheaper was not executed. Well, yes. Because it's not cheaper if you didn't need it. Now you just have a camper payment.

Yes, now we just have a camper payment, which we are renting it out currently as of like an Airbnb vacation, and it's paying for it, but we're worried when summer's over if it's not. I just don't want to have that what if if it doesn't get paid for. How much do you owe on the camper? $115,000. Good gosh. Holy jeez. It's like an apartment on wheels. It has a washer and dryer, a king size bed.

It's a massive fifth wheel what do you all make a year um last year together we made i think 145 000 i'm a hairstylist and he at the time was a firefighter paramedic and and y'all are 20 did you say 24 yeah we were 24 and they loaned you 115 000 on a camper i'm depreciating yeah i don't know how that was possible because we couldn't get a house no one would loan us a house or get get us a mortgage for a house with me being a hairstylist and my income fluctuating wasn't a fixed income i love you you're like i'm a you're the dumbest smart person i've talked to today i'm trembling to ask this question.

Have you figured out what the actual value of the camper is today? The actual value of the camper is $90,000. And you owe $115,000? Yes, $115,000. So you're $25,000 in the hole. But if you go to Camping World and they want to buy that from you it's they offered me like 63 000 i'm sure they did and camping world sold you this crap yes they did okay and now i i i know the news is going to get worse but i have to just keep going how much do we owe on the truck the truck is 50 000 i'm laughing with you not at you ashton no no i'm laughing at myself too because

and have you priced the truck's current value his trade-in value when we talked to a dealership was 42 000 i believe okay so you can get close to what it's worth if you private sell it, or close to what you owe if you private sell it, because trade-in value doesn't work. Okay. Do you guys have any money? Like saved up? Like money, yeah. Yeah, we're in the baby steps.

We have the emergency fund saved up, and now we're just dumping extra money into credit cards. You have $1,000. Okay. Yes. And then we're just dumping all the extra money we have into credit cards to get them finished. And how much do you have in credit card debt? Total $7,000.

Okay. Good. All right. And then my car is $10,000. Your car is what? My car is $10,000. Okay car is what? My car is $10,000. Okay, good. And I assume you've been so far paying everything on time,

and so your credit is probably stellar. Yeah, our credit is still good, thankfully. It's still very good. Okay. The longer you wait to sell the camper, every day that you wait, the spread between what you owe and its value gets wider. Agreed? Mm-hmm. The value is going down faster than the loan balance.

Agreed? Yes. Yes, sir. So we don't want to delay. We want to sell the camper as soon as we possibly can sell it without giving it away to camper world or whatever they're called i don't want to go over there again but but at 63 000 no we're not doing that but if we can get 90 for it or 89 or 92 or 85 the sucker's gone. Okay? So get it up for sale today.

And then you're going to have to go to the credit union. Where's this loan? Is it Camping World gave you the loan too? Yes, it's through Alliant Credit Union, I believe. Of course it is, yeah. Of course it is. That's who makes loans like this. They're probably not going to be any help, but contact them and ask them if you can sign a note for the difference unsecured.

So you sell it for $90,000, you owe $115,000, you're going to have a $25,000 note with Alliant if you did that. Otherwise, you've got to go to your credit union or your local bank and get them to loan you $25,000. And do it like a personal loan? Yep. Okay. All we're doing is reducing $115,000 to $25,000.

That's a good move. Yes. Okay. And it's not a $1,000 payment like we're making now. Exactly. And we're going to sell this truck as soon as we can get close to what is owed on it. Okay. Put it on Craigslist and put it on other stuff.

Okay. And because, you know, we can get a vehicle down closer to your vehicle that is doable. And then, of course, we're going to clear those credit cards. So now if you're making $145 and you owe $25 and you owe $10 on your truck and $7 on credit cards and a little bit on some kind of car we get for him or truck we get from him, like $10,000, we can clean that pretty quick. You could be out of debt. We're already down $1,000 in two weeks.

Yeah, but you could be out of debt completely if you'd make those moves, sell his truck and the camper by the end of summer if they're gone at a reasonable price, and that way the hole's not too big on either one of them that you've got to pay back. But you could be debt-free in 18 months. That would be awesome. But that's living on beans and rice, rice and beans. Yes. No more pipe dreams.

Absolutely. Because this was a pipe dream. Like drugs were in the pipe. Yeah. We smoked this pipe dream. Like drugs were in the pipe. Yeah. We smoked this pipe dream. But it sounds crazy to do a $3,400 apartment, too. I know. You traded $3,400.

Compared to the truck and the camper, the $3,400 apartment is freaking lights out genius. Compared. Yeah. All right. Think about it this way. Think about this way, Ashton. At 34, it was about, you would have paid about 40 grand this year in rent in this apartment. Yeah.

You're hoping to sell this at a loss to where, to minimize your loss to $25,000 to $30,000 to pay off. Yeah. So there it is. You paid it anyway. You paid it anyway. You just didn't get to live in an awesome apartment. Yeah. Instead, you is. You paid it anyway. You paid it anyway. You just didn't get to live in an awesome apartment. Yeah, instead you were in an

apartment on wheels from Camping World. Dave, it's so great. I can feel you try not to laugh right next to me. I'm just... $200,000 in depreciating assets. As they say in Auburn, Alabama. Bless your heart.

This is the Ramsey Show. Thank you for joining us, America. We're glad you're here. Dr. John Deloney, Ramsey personality, is my co-host today. Today's question of the day comes from Tracy in Texas. All right, Tracy asks, My husband and I have been married for over 20 years, and we have six children together. He is a high-functioning alcoholic, and he's emotionally abusive.

Last week, things escalated to the point where I had no choice but to call the police and have him arrested. I filed for divorce the next day. We make a combined $320,000 per year, but live paycheck to paycheck and have $0 in savings. Our only asset is the equity in our home. We cannot afford a divorce and he has promised to make me pay for his arrest. I feel like I'll be forced to let him come home because I don't have any other financially realistic option. I earn six figures on my own, but I'm worried about how I'll feed my kids and keep the mortgage current. I know I need the four walls first but i'm overwhelmed and

can't do this oh well okay first thing by definition he's not high functioning right yeah yeah he's not functioning uh he might have been high functioning in the past but not now yeah um and so wow and good for you for having the courage to call on him man um yeah if he got arrested and there's there's some parts left out of here um yeah it was no longer emotional it was not emotional it wasn't just emotional abuse if you get arrested they don't arrest you for yelling. Yeah, but good for you. Good. So when you say we can't afford a divorce, but I earn six figures,

Dave, tell me if I'm wrong here, but it seems to be a lot of chaos and a lot of mess here. If you earn six figures, you can go get a relatively nice apartment and you can figure out the house stuff later. Yeah. But you can go get a place where you're safe. Yeah.

Go rent a house and put the house up for sale and tell your divorce attorney that they get paid when the house sells. And they'll be happy with that because there's plenty of equity there. And, I mean, if you have scratched together a few thousand dollars or something to put down a little bit of a retainer that'll be fine um but um here's a thing i'm this is you you you can speak into this because more your area of expertise dealing with trauma and dealing with these things but um we know i knew this before john came here but now John has Dr. John with his PhD in counseling has reaffirmed this I know that there's a high correlation between money control extreme levels of control by the man in the house

and domestic violence using her as a punching bag and part of the narrative that is used there is, you can't make it without me. I'll make your life miserable. You can't survive. You can't survive. You can't survive. And after 20 years, she believes it. Even though she can go to work and someone's going to pay her six figures.

Six figures. She still thinks she can't. But she can't do it at home. That's right. She still thinks he has power. Right. I'll make you pay yeah to which john and i are almost chuckling to ourselves because this is a guy who's so out of control he's in jail he ain't gonna make anybody pay right he's not exactly a threat he's what's known as a bully that got punched in the nose and

most of them are absolute wusses once you punch a bully really hard they just sit down and cry and moan and that's what this guy is yeah he's he's a coward yeah and so uh because his only chance his only chance of upping someone is his wife this is a coward and so he's not as big a threat darling as your psyche which has been reconditioned over 20 years, tells you. Agreed? 100%. I mean, I'm seeing domestic violence language in this. Am I wrong?

All over this, yeah. And sometimes it's even hard to write that down. It's hard to write it down. Yeah. So, yeah, you earn six figures. Go get yourself. And by the way, your life, your standard of living will change dramatically you're gonna have to let that go go get a small house the smallest houses you can afford with six kids

and it's not going to be fancy it's going to have for micah countertops and all who cares you're going to have safety in your home for the first time in in 20 years and yeah tell your attorney that he uh you get paid when the house sells and he's going to have a highfalutin attorney also. No, he doesn't. He doesn't have any money. Nobody's got any money. Well, that's true. Yeah, he doesn't have any cash either.

He's in exactly the same place she's in. That's a good point. I'm going to make you pay. Where are you getting the attorney's fees, buddy? Yeah. Yeah. Yeah. So he's as broke as she is.

So they got a lot of equity, that's it, and they got a good income, that's it. So what I'm going to do is start, I'm going to get out of the house and park in something cheap and get the house sold with court order with the attorney as soon as possible. Like, I mean, fast, like blindingly fast.

Not even as a part of the divorce settlement, just the money's paid into the court until the divorce is settled. Love it. And then let the attorneys get paid out of that, and then just make sure that they don't keep it there for five years and they're the only ones getting the money. Right. Okay?

But Bubba has got no power here. Yeah. The only power, Tracy, that this guy has, he has no financial power. He has no emotional, spiritual, physical power. The only power he has is between your ears. And if you quit, the day you quit letting him live there rent-free is the day this whole thing turns over fast. Because John and I, we're not intimidated by him,

and we can see real clearly exactly how this is going to go down, and you're going to come out of this just fine other than um the healing that you're going to go through from the years of calling this a high functioning alcoholic when in reality hadn't been high functioning if he ever was in a long long time and i want to speak to this um if this happens to be Tracy or anybody else listening. I remember always getting a pat on the back in my annual review because I was in charge of a lot of revenue and expense accounts,

multiple millions of dollars, and we always came in under budget. That was like a thing I was known for. I was always going to land underneath that. And my household finances were a mess. And I always felt a ton of shame that I could do it so well over here. But when I got here, I wasn't a person of discipline. I didn't have any self-control or anything like that.

And so if this is you, Tracy, you're good at work. You make six figures. But at home, everything feels chaotic. You have to do the brave, scary, hard thing and ask for help. You got to ask for help. That's what FPU is for. That's what every dollar is for. That's what our financial coach is here for. That's what your neighbor down the street is for. That's what

your minister is for. You got to ask for help and say, okay, I'm great at work here so much that they pay me six figures. How do you make a checking account on your own? How do you do some of these basic things that you quote unquote should know, but you don't know how to do it? Okay, let's go get the help we need to do. Yeah. And talk to your uh boss at work if you're making six figures you may need a 10 grand advance on pay to uh to get the new place deposits and all and to get a little bit to for an attorney to get started but um uh i feel like i will be forced to let him come home. No. Nope.

I thought I saw that in there. Let me go back to that. He wants you to feel that way. There's nothing in the law that says that. There's nothing. I mean, you need to get a restraining order, and you need to make him pay for inflicting this on you and six kids yeah and it's not a matter of vengeance it's a matter of boundaries safety and safety and

no come home by the way he could come home but it might be an empty house where because you move to a rental right and the house he's living is up for sale by court order yeah and that's where i want this thing to go as fast as possible and what about the kids and what about the kids let me tell you the only way the kids are going to be okay too is when you are that's right that's right having a dragon living inside your house is infinitely less safe than them having to move in the middle of a school year or in the summertime or whatever the dragon does not get to come home. Correct. Yeah. Nope. Sorry. Sorry, dragon. We discovered you're a dragon.

Who knew? What a mess. Now you can't live there. What a mess. Yeah. It's like, you know. It's amazing. We thought you were a pet dragon. Well, it turns out you're a dragon.

It's amazing, Dave. You said it. You can be so in control over here, and somebody just beat you down for 20 years, for so long. You believe that story. The story becomes a story you tell yourself. troll over here and somebody just beat you down for 20 years for so long you just believe you believe that story the story becomes a story you tell yourself and uh it's really hard to change that narrative yeah it's tough so uh tracy to use john's um phrase you're worth you are worth not being a punching bag you are worth standing alone and creating a new life that's full of peace. And you got to go do it.

It's going to be hard, but it's going to be a lot easier than dealing with a dragon. This is The Ramsey Show. Dr. John Deloney, Ramsey Personality, is my co-host today. Open phones at 888-825-5225 well ramsey events are in full swing around here we had a great event here last weekend with the total money makeover weekend it was one of the most fun events i've had in a long long time i thoroughly loved it um it was a old school tmmo stuff man and it was it was a blast our upcoming money and marriage event with rachel cruz and dr john deloney sitting beside me just sold out and it's in october so it's done next

week we have our brand and that means you got fomo so get ready um next week we got a brand new virtual event and the good news is there is no seating limitations when you're doing things virtually so ultimate number of living unlimited number of living rooms out there to watch this in. Dave Ramsey's Investing Essentials. On two nights, I will be doing not the same thing. Each night is individual. The second night, I'll give you a hint, is mainly real estate. And I'm going to open up my personal playbook of how I personally invest and the processes I use, the principles I use,

the actual things I put money in and the people that I run around with. So many of which have a hundred million dollar net worth or greater. What are they really doing? Not what your broke tick tock influencer living in his mother's basement is doing. Uh, but we're going to actually show you like real people, real rich people and what they really do um and it's not flip this house i'll just go ahead and give you a hint ahead of time so um yeah so anyway it's gonna be fun and it's actually sold like crazy like a bazillion of you have already bought tickets thank you two night virtual event may 21 22 which makes it next week it's 199 bucks get your tickets to that ramsey solutions.com slash events and the cruise

is almost sold out for next march the ramsey cruise uh there's gonna it's march 22nd through 29th next year um it's all the ramsey personalities uh plus a bunch of celebrities going to be on there with us and uh so it's going to be a lot of fun it's the live like no one else so if you're baby step four or beyond and you want to come, we'd love to have you. We don't want you spending money on a cruise when you're getting out of debt and building your emergency fund. That's wrong. So don't do that. That's why it's called the Live Like No One Else Cruise, so that later you can live and give like – it's the later part.

Live and give like no one else cruise. So it's going to be a lot of fun. And there's a handful of suites left, but – or not suites, rooms. I think the suites are all gone. But the – I think it's like 80 be a lot of fun. And there's a handful of suites left, but are not suites, rooms. I think the suites are all gone. But I think it's like 80% sold out right now. And it's only been up for like four weeks. And I heard that you've challenged the boat to a cannonball competition in the big pool. I'm excited about that.

Joe Levitt told me that you're going to be leading the way. It's going to be awesome. Really? Yeah. He said you have a big onesie swimsuit that you're. So the Speedo rumor went away. That's good. Yeah.

That's good. Okay. That got. Yeah. That got nixed. They took a company vote. No, not doing any of the above. But your big onesie.

Not the above. It's going to be awesome. Not the above. I can't wait. I don't know where these people are hanging out together and what they're ingesting while they're having these discussions, but not doing it. Gummy bear breath. Not doing it.

Just saying. Not happening. Not those kind of gummies. All right. Erica is in Kansas City. Hi, Erica. What's up? Hi.

I was wondering, where does a big home renovation project fit into Baby Steps? Would it be like Baby Steps 3B? Could be. It could be 4, 5, 6, probably 4, 5, 6, something like that. How large a project you want to do? Yeah, we have a house that is kind of like a two and a half bedroom house, and we need more bedrooms for our kids as they are getting bigger. Okay. Why don't you sell it and buy one? Well, we have land, and land prices have almost quadrupled here.

So you like the piece of ground you're on? Yes. Okay. And how many acres have you got? 30. Oh, that's nice very cool okay and what's the square footage of the two and a half it is 1800 square feet how old is it over 100 okay is there any um historical value or family value to that particular house? No, not at all.

Push it down. Push it down? Yeah. Be a lot easier. I've done probably, I don't know, 500 renovations. Renovating something that's 100 years old is my idea of hell they don't build them like they used to thank god we build so much better house nowadays the pipes are bad the wiring's bad the roof is bad the lumber that was put in there was rough sawn it's twisted like a turkey's toe

and oh god no it just it's all but when you get done with this you're just gonna have a hundred year old house that's been patched up again that's how you end up with two and a half bedrooms we call them country built houses people just keep adding crap to it and it just looks like a it looks like a labyrinth to get through it and um just keep adding another room out there and add another room out there. And so I would consider that. Now, so you'd build a 3,000. What's your household income?

$110,000. Good. Okay. So you could just get a construction loan, move into an apartment for a year, or move into a rental, or get an old $5,000 trailer and put on the property while you build and live in in that crappy thing and while you build a house whichever i don't care and then build a house that's what i would do you do whatever you want but if you're going to spend almost you're going to spend about the same amount of money a lot more trouble and

end up with a substandard product if you renovate so um but go ahead and renovate if that's if that's the game y'all if y'all to do that, you're talking about spending a couple hundred grand, though, aren't you? This particular project, we are thinking under $75,000. What are you doing? There is an attic space, and it would be making it livable. Can somebody look at the structure doesn't fall into the basement we've we don't have a basement we have spoken with an engineer that it'll hold it with some reinforcements yes yes here we go okay all right i i rest my case um but the uh the defense rests but the uh um so yeah um uh yeah if that's what you guys want to do uh but i would do that to answer your original

question four five and six um so would you pay off the mortgage before you did something like that no i'm fine it's four five six i mean if you if you if you come up you make us you make seventy five thousand dollars in cash renovation you want to buy something that's seventy five thousand dollars in cash you want to do that before you pay off your mortgage that's a four five six maybe step four is fifteen percent of your income into retirement five is kids kids' college. Six is we pay off the house early. You're going to reduce how fast you pay off the house in order to come up with 75,000 cash in order to do this renovation. I personally think the whole financial transaction would also be easier if you took out a construction loan to build a house where that one was

and made that your new mortgage on a 15-year fixed. And when you move into it, you've got a solid product and that's the direction i would go and it's just then all of that's sitting at baby step six you're just gonna pay off the house so the renovation is rolled into the mortgage the way i'm talking about because it becomes a new house and i think you'll end up with, yeah, you're probably going to end up with more of a mortgage than you're going your way. Well, I know you will. I know you will because I'm pushing down your house. But you're going to be like $100,000 glad you did. I think you need to watch more HGTV, Dave.

You don't have the vision. All she needs is $150,000 in engineering. Have you really? You know, I never watched that, but I was actually in a waiting room the other day, and they had that thing on, and I was trapped, and I couldn't get away from it. The people that are doing that stuff are the most unusual humans.

Have you noticed? It looks like something out of a zoo it looks like a star trek bar a star wars bar there's gonna do a house renovation i mean there's like like no there's i don't there's no like regular rednecks going in there and just renovating that would be no chip and joanna did that well chip and joanna are pretty normal yeah i think that's your that's your move dude renovations from what i've heard but but the rest i mean the redneck renovations you'd be a billionaire yeah i think we're onto something dave except that i don't all you do except that i don't want to do it you just push the house over every time that'd be hilarious that's it they're gonna dave just how are we gonna fix this bedroom dave push it over knock it over this Knock it over. This is The Ramsey Show.

So the guys in the booth have already launched the Redneck Renovations show during the break. Hey, here's what it is. It's a call-in show where people all over the country call George and Ken Coleman and ask them plumbing and electrical and renovation questions. Two of the most inept people that could possibly ever answer those questions on the planet. He is so great. There's nothing redneck about that. That's just inept. No, it would be so fun. It would be incompetent, but it wouldn't be redneck.

That's not fun. Redneck renovations. This is going nowhere. Matt and Dana in Omaha, Nebraska. Hey, guys. how are you? Not too bad, Dave. Thanks for taking our call. Sure.

How can we help? Well, so I'm a farmer out here and got kind of hooked up with you because I was sick and tired of my terrible financial decisions for years and years and years and years. And my wife and I have downloaded the EveryDollar app, and I think I'm going to purchase the premium tomorrow. And one of the questions that I have is my 17-year-old daughter, Dana, who's on the phone with me now,

we were talking about just college and we don't have a college savings at all for her. She's a junior, just finished her junior year today. And she's like, I got to build credit. And I'm like, I instantly was like, nope, you need to get in touch with Dave Ramsey. So my, as my wife and I begin this journey of, we don't have a horrendous amount of debt the biggest thing we need to do is control our money so where i know where it's going so that's that's the journey we are on and i don't want my daughter to make the same mistakes that i did okay well that would be every parent that That's a good parent anyway.

And so when a 17-year-old, and she's on the phone, what's her name? Dana. Dana, okay. So when Dana says, I want to build my credit, two years ago you would have thought, oh, that's probably a good idea. Probably. Yeah, and now you're like going oh god dave ramsey exactly that that is exactly what i'm doing well and here's the thing so dana dana what happened is this the um the bible says be not conformed to this world. Don't be like everyone else, because if you look at the statistics of average in America today, what you find is the average divorce is caused by money fights and money problems and money stresses. If you look at the statistics, 70% of people are living paycheck

to paycheck. If you look at the statistics, people who chase the credit and debt game spend their lives earning money for other people and giving it to them in the form of debt payments. That's your dad. I'm sorry? That's your dad right there. Yeah. And so it's everybody.

I mean, it's normal. So that's why we say don't be normal. Don't be conformed to this world. If what this world is doing isn't working, why would you want to be one of them? You want to be weird. If normal is losing, we want to be successful, we want to win, then we don't want to be normal. If the group of friends you're running around with are going nowhere, then guess what? You're going to go nowhere because you're hanging out with them,

embracing the same set of habits, patterns, and behaviors that they embraced, reading the same books, which are useless, watching the same useless movies, and Netflix garbage. And so, you know, if that's what you want to be, if you want to be normal, yes, go build your credit score. But normal is broke, and normal is stressed. And so I think you don't want to be normal um i think you've been lied to by a normal culture that told you you have to have

a credit score in order to become prosperous and successful and the truth is the actual data tells us that it's the opposite of that and so that's you know where we are then the second part of the equation is how am i going to go to college because mom and dad had to save for college. And you're lucky because the guy sitting beside me has a Ph.D. in higher education and has served in several different universities in the leadership team in the administration of several universities around the nation and actually knows exactly what the college scene looks like. And before I pitch to him, I will tell you that you don't have to go into debt to go to college. You do have to select a college you can afford. And there is no difference between the data.

Again, why are we going to college? We're going to college to become more successful and to have a better quality life with the knowledge that we get. It's not actually the degree that matters. It's the knowledge. And so we want to go get knowledge. And the truth is, is that you can pay $100,000 a year for the knowledge or you can pay $12,000 a year for the knowledge. And the knowledge is basically the same.

So you can get a degree in marketing for $100,000 a year at, you know, most expensive universities in the nation, or you can go to a state university and pay $12,000 a year and get a degree in marketing. And it's basically the same information. And there's no data that says where you went to school cause you'd be successful. There is data that says when you have more knowledge, you have a higher probability of being successful. Knowledge that's useful in the marketplace, like a marketing degree or whatever, that kind of thing. So I would tell you that if you select an inexpensive school, you're going to get a great education, and you're going to work while you're in school, and that's going to give you a great education. I did. John did. Most people do.

And then you can come out with no student loan debt. And probably your mom and dad, since they're getting their crap together, are going to be able to help a little. John, what would you say? Well, Dana, so what do you think about all that? Yeah, okay. So my plan was to attend, like, a community college and not a university. Great. Brilliant.

Because it's just I've been told a lot the university is just not worth it and so well that's not true it is sometimes but not always depends on what you want to do and when you want to do it and how you want to do it and all that but if you've decided you can you can meet your short-term and long-term goals right now starting a community college amazing go that's the best that's the best deal on the market great for the first couple of years right yeah i think we just lost them oh we just lost them well and so day while we're here here's the thing mike row we the three of us have talked about it it's there's a both and to this there is a no one needs to go to college it's so stupid well that's not true that's not true i do not want to go to a doctor that didn't go to college i don't want to

engineer bill in my house and go to college and does everyone have to go no they don't or does everyone have to go to every does everyone have to go to harvard no god no so um some of the most amazing people i know started in community college and i had law student graduates that started in okay okay dana we're back with you i think in community college all right there we go there you go we somehow the call dropped sorry about that all right dana we're back with you so you're talking about two years in community college and then maybe move off to university to finish it sounds like what are you talking about studying um no i'll do probably four years at a community college and not move on to a university. And a degree in what? I'm going into nursing.

Okay. Beautiful. That's great. Genius. That's wonderful. Wonderful. And then you've got to go to nursing school, right? Yes.

Okay, and you've got to pass your boards. But nursing is probably one of the best career choices you can do out there because I'm old, and ever since I've been doing this, like 40 40 years there's been a shortage of nurses there's always a shortage and so you can kind of pick and choose where you work and they'll pay you a lot and you can always get as much overtime as you want yeah and when your dad gets some weird itch from working on the farm he's gonna call you and you can help him right he gets a rash that's already happening it's already happening oh matt come on um but dana listen everyone in your world is telling you the only thing that matters is the car you drive is your fico score is all it's nonsense man it's just nonsense and i know it's hard when you're 17 to

have three knuckleheaded old men telling you to do something else but if you like you're at this weird crossroads and you can go you can take a left or you can take a right and one of these paths is going to be like just like dave said everybody else and if you look around everybody's broke or you can go right and you can take another you can go the other direction matt can y'all chip in and help her pay for community college i'm hoping okay well she's only a junior i mean you're just now started getting your stuff straightened out i think you can't i think you're going to be there because you said you didn't have a lot of debt you're just chaotic right

correct okay excellent yeah i think i'm i'm making that as a part of the thing now i will tell you dana that if you're my kid i'm not going to help you i'm not going to pay for part of your school if you turn around over here and doing something stupid. Yeah. Like going into debt or something. Okay? So I'm not going to assist you in harming yourself if I'm your dad. But if he can be a part of the solution, since you're being very wise about where you're going to school, I think he should, if he can be. You'd be fantastic.

That's perfect. Hey, good call, guys. Thanks for letting us preach at your 17-year-old. This is The Ramsey show. We'll see you next time.