The Ramsey Show - App - You’re 65 Years Old and You’re Broke! (Hour 2)

Episode Date: September 18, 2023

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. Dr. John Deloney, Ramsey personality personality number one best-selling author and author of the brand new book coming out in two weeks building a non-anxious life is my co-host today thanks for joining us open phones at 888-825-5225 peter is with us in miami florida hi peter welcome to the ramsey show hi Hi, Dave. Thank you. Thank you. How can we help? So I'm wondering what role you think I should play in helping my financially irresponsible mother.

You know, one of the things that it's weird about that question for a lot of us is when we face that is it seems like money is in a different category than other misbehavior if you changed out her misbehavior for something else a different kind of misbehavior or irresponsibility um what would the how would the answer change it shouldn't really should it ought to be the same answer. So, in other words, if we wanted to go extreme and say, how do I help my mom who's addicted to cocaine, right? Well, it wouldn't be give her more.

Right. It would be help her break the habit and transform her life. That's help. Help is not doing more of the bad thing. Help is correcting the behaviors. And, of course, that involves the person on the other end wanting the help. Yeah, I usually run into parents don't want your help. They want your solution, right?

Yeah. She just has no issues, you know, coming to me again and again and again and again. And a nibble here and a bite here. And, you know, I know that the big bite is coming. But hold on, hold on, hold on. Why wouldn't she come to you? Because you give it to her every time. Right. I know. And so at this point, I don't even blame her anymore. You're a dependable enabler.

Yeah, I don't even blame her anymore. I am. I am. And, you know, the nibbles I don't mind. And I know that this is not the bad thing to say, but that's what got her to the bite. And you know, next thing I know, she's telling me that she rents, she rents her house because she's been bankrupt, et cetera. So she can't get a mortgage and she can't frankly afford a mortgage down here anymore. Um, so she came to me cause she needed money for movers. She needed money for her security deposit or first month, last month, which I did all of that. Uh, and then

I sort of dug into her finances and realized that you can't even afford this rent. So I tried to get ahead of that. And fortunately I'm doing very well for myself and my family, but I'm doing well for myself and my family. And I've got two young children and a wife and a mortgage and a business to run. So I just try to get ahead of it. So, Peter, how long has this been going on? Oh, I mean, her financial aid response. No, you giving her money. You giving her money.

How long has it been going on? Probably five, six, seven years. How old is she? About 73. Oh, wow. And she's stone broke. Yeah, and recently widowed, which only made me softer. My stepfather passed two years ago, three years ago.

So obviously that I was trying to help. And what do you make? Family household income is probably three quarters of a million. Okay. And so it's not a matter of you can't or can you can mathematically. It's a matter of what's good for her. She's 73. She's probably not very employable.

I guess she has Social Security. She does have a job. I'm sorry? She does have a full-time job. She does have a full-time job. Okay. I retract that statement. What does she do?

She's a customer service, and she has been for about 20 years the same job but you know She's one fall away from yeah, not being able to work anymore. Yeah, okay, so I'll tell you the financial answer and I'll let John tell you the psychological answer, okay The financial answer if I'm in your shoes is I'm gonna sit down with her and say mom you have this coming in from your Social Security you have this coming in from your Social Security. You have this coming in from your job. And these are your bills. Let's do a budget together. And you can make your bills or you're within $400 of making your bills or or whatever it is, okay? And so I am not going to write checks just from today on without us having a sense of control over what's going on here. So I'll help you and coach you with your money, but it looks to me like you have enough to live on.

And I'll help you and coach you live on that. Or if you don't have enough to live on, I'm going to give you $2,000 a month so that you and coach you live on that. Or if you don't have enough to live on, I'm going to give you $2,000 a month so that you have enough to live on this. $24,000 out of $750,000, you can afford it. But you say, this is what we're doing. But then she needs to just, it's, you're becoming bitter, and I would too, because you feel like an ATM machine. Exactly.

And then there's an entitlement that goes with this on her end. And so I would shut all of that down and just say, okay, this is a system, and we're going to live by this system and draw some boundaries. And, Mom, if you don't want to do that, if you don't want to live on the budget that you and I put together and that I check on you to make sure you're living on that budget, then I'm not going to help you anymore and you're going to have to just figure it out because it's not good for you what I've been doing and I'm sorry I've let you down John

what would you do yeah I wonder if you're more frustrated with yourself than with her right now. Yeah. Yeah. I, it's just every time I try to get ahead of it, you know, for example, when, when she was looking at this rent, um, I said, you know what, I'm just going to buy her an apartment and then she can just pay me, you know, what she can afford. I was going to buy her an apartment outright. And I was scrambling because she was looking for a rental that she couldn't afford. None of these places could she afford because we kind of, not a deep dive, but we looked at her finances. And then I realized, okay, it's, this is just easier for me to buy an apartment, at least then I can consider it a quote unquote investment of some sorts. Um, and I presented her with it and she said,

no, I don't want to live there. I'm just going to rent this other place. And hold on. And that's where you, who are clearly a special businessman to be able to make the money you make, you're clearly very smart and I would be willing to bet

nobody in your sphere blows past you like that, but she does. Right. And I don't want you to consider sitting down at the table and saying, I'm looking at the fact that you may be around until you're 93, 20 more years. We have to put some things in concrete right now. I want you to tattoo this phrase on the middle of your forehead. Choose guilt over resentment every time. Because right now,

you're backing yourself into a corner because you won't set boundaries and you're beginning, every time your mom calls, you get angry. Yes. And your mom, quite frankly, deserves better than that. And that means you have to set the boundaries up. And then she, as a 73-year-old adult, can say, I hate you. You don't even love me. And you walk away. She's a grownup and she

gets to do that. I would hate that, but she gets to do that. Your job is to create boundaries that are sustainable for 20 years from this point forward. And by the way, sit with your wife and y'all decide what y'all are going to do to help her before you sit down with your mom. Yeah. How much you're willing to do do but the unlimited thread being pulled on the sweater is killing both of you yeah you got to cut it open phones this hour at 888-825-5225 dr john deloney ramsey personality is my co-host today dr. John the I don't really have a good exact checklist or anything but just general observation over 30 years of doing this on the air and working with people one of the, I'll just make it up, top five pain points that people have with money is how to properly be compassionate, kind, loving to extended family. Grown children that have problems?

How do we, you know, children that are out of the house or that should be out of the house, parents, brother, sister, extended family, that we see that they have a need or they bring us a need, either one, and then how to appropriately deal with that. The whole issue of boundaries, Dr. Henry Cloud sold 10 million boundaries books off of that concept, but the whole, our buddy Henry, but that whole issue is, know mathematically it probably causes almost as much disruption

in someone's wealth building journey as anything else keeps you from becoming wealthy and is it the lack of when i don't fully understand what my values are around money when i fully don't understand my own footing is that where the is that where the challenges come from i don't know they don't want the family members to be in my mind it's reduced simply to we don't know how to establish proper boundaries and a boundary can be that i agree to help somebody a boundary can be i agree to i decided i'm going to say no but we don't have that that part of our compass is as it's as toxic as some families are but it's like that last caller gets mad that somebody keeps coming into space but he's never done the work to define his space

exactly and so you have to do the hard work and say this is for me in my house this is what we make this what we have is what we can do and then ask would we do that and why and those are questions that people don't like to ask well but i mean when when you're uh there's a book called uh glass castle uh that is a lady that was a msnbc reporter um very well known and she was raised in an extremely weird toxic dysfunctional family both of her parents as she's an adult were living on the street in new york while she was working at msnbc wow they were homeless wow they chose that but they were kooky but um i mean it's it's a great read just because it's like oh just in case you thought your family was crazy you know i think but the uh uh but yeah but the uh you know she felt helpless to fix them but they chose homelessness in that case um you can't make these adults behave the only thing you can control is

your space and that's so hard for people it's so hard it's so hard but like that last caller there has there i guess let's say this way there will be a confrontation yep that will happen and the earlier you can have it the the lower it tends to be and so in that last situation where he's thinking i'm just going to buy her an apartment i found one that i can afford i'll write a check for it and call it good. And she said, I'm not living there. That's when the conversation happens. Then I'm not putting a penny towards the choices you're choosing to make. Yeah.

You can figure it out. I'm not doing that. This is open invitation for you right here. And that's a hard conversation. But she has no motivation to even not live where she wants to because she knows he's going to give me the money. Yeah. And it's the same way with kids, the same yeah and it's the same way with kids the same way with neighbors the same way with family members but there's a cloud talks about and i guess it was the first chapter maybe even in that book

um that when you set a boundary with someone who doesn't respect boundaries 100 of the time you can expect a negative reaction always pouting guilt tripping anger none of them go oh i never thought of it that way i'm so sorry and think of it like you built a fence and your neighbors throwing rocks at it hitting it with sticks everyone's going to use the tools that they have to try to get you to open the gate up and don't. Yeah. And that's hard. This is the boundary. But, man, it is really. It's hard.

It causes more heartache and literally then does end up driving a wedge between a husband and wife because one of them is helping the other ones. I'm choosing my crazy brother who won't get a job over my wife's wishes, you know, and that drives a wedge in their marriage, and it just slows down wealth building. And it's not to say you can't help extended family or you shouldn't help, but this idea that we're morally obligated to meet their every wish just because they hit the DNA lottery and happen to be kin to us. I think it's something else. Okay.

I actually think if you flip this conversation on its head, we use our family members to help us feel better about ourselves. I don't want to be uncomfortable that my mom is in position X or Y, so I'm just going to do whatever. And when you do that, you're actually consuming her. You're using her to make you feel better. And I'm not going to do that. I'm going to sit in the discomfort so that we're all better 5, 10, 15, 20 years from now.

It's like going to the gym and taking all the weights off the bar. That sure makes the workout easier, but ain't nobody getting any stronger and so i'm not going to use my 14 year old and her approval to make me feel better about myself i'm going to have the hard conversation so you can't talk like that in this home and it's really when you say choose guilt over resentment it's also you could be choosing their anger over resentment yeah of course you could be choosing their disapproval over resentment. They're ugly, ugly statements. Whatever way they choose to hit back when you draw a boundary over resentment.

Right. Because you're going to be resentful if you remain in the enabler seat. Right. And your spouse is going to be 10x as resentful as you are if you remain in the enabler seat and in a less caustic situation let's say my mom calls and says or sends an email and says we want y'all to come to christmas a whole family's coming we're really expecting y'all to be there and we can't travel this year or our family's exhausted we don't have the money whatever i can say yes and the whole time i'm driving there i'm going to be mad at her the whole time I'm sitting

at the meal I'm going to be mad it's not fair to her it's fair to her to say we're not coming we're unable to make that trip this year we're not going to be able to do it and then she gets to be an adult and do whatever reactions on the back end that she wants to do but the fair thing is I'm not going to spend a weekend not liking my mom. I'd rather feel guilt. I'd rather listen to her responses than to sit there and smolder the whole weekend. And by the way, your kids learn how to treat in-laws when you do that, or your mother, when you do that, you're modeling to everybody how to live. I'm just not going to do that anymore. I'm going to set the boundaries and they're going to be hard. And I have to be in a position to let other adults walk away if they don't approve or like my boundaries on something you know i think sharon and i went to

the extreme other end on that we may have messed up the other way what's that um we don't put any expectations for the holidays and uh and we have fallen in love with our in-laws so winston's mom and dad i mean winston's going on dad's going on a hunting trip with me in two weeks yeah you know without winston yeah and without my son you know and because buddy and i like each other you know and so buddy and helen and dave and sharon do stuff the same same with uh bill's parents same with alice's parents so the in-laws we're actually friends with them and we made that an intentional act that's cool but they're also cool people that's cool and uh you know we'll travel together i mean buddy's gone you know we've gone to mexico together done other stuff and so that's cool that we've gone on golfing trips with all of us all the guys all three all three grandpas that's pretty cool that's fun so

uh you know we'll do that kind of stuff but we intend it and then when thanksgiving comes up and the kids go ah we're going to kansas city to allison's parents good yeah you should knock it out should and um then we'll just figure it out we see you all the time by the way they're all they're here they're all here in nashville so yeah so we got it made in that regard but it doesn't it's not like we're perfect or something but we just went to the extreme of full release. Yeah. And the happiness, the secret to happiness is low expectations. Hello. But there's a strange phenomenon, Dave, that when you fully release it, it tends to come back.

It tends to come back. But it works out. It does. It works out because, again, it's just if you don't have these expectations, you don't stay screwed up and torqued out all the time. That's right. And that's the same true of somebody else's money. And the people want to be around you when you're not torqued out all the time it just tends to work that way yeah and again that's a type of boundary situation so this

it's very interesting discussion it's something i've observed here for 30 years so setting boundaries with the extended family on money Dr. John Deloney, Ramsey Personality, is my co-host today. Rick is in Boston. Hi, Rick. Welcome to The Ramsey Show. Hi, Dave. Thanks for taking my call. Sure.

What's up? Well, 65 years old, and wondering if I'll be able to retire at 72 and be okay with my current situation. Okay. What's your current situation? Okay. Well, I'm very healthy and very well in shape. I have a great job. I plan on continuing to work. I still owe $136,000 on my home. I would like to have that paid off by the time I do my retirement at 72. Mm-hmm. I have a truck, $30,000 on the truck. Mm-hmm. And in March of this year, I installed solar on my roof. Mm-hmm. I'm not sorry I did that. That was a $22,000. I bought it outright, $22,000 loan. I'm sorry, is it a loan or did you buy it?

Well, it's through a, I took out a solar loan. So it's a loan. Okay, so you're $22,000 in debt on solar. What else? Correct. 18 left on that, by the way. Okay. Trying to pay that off.

I have not yet received my federal percentage, my taxes next year, but that's going on there. So that'll be down to like nine grand probably in March of next year. I have $110,401K. I have $5,000 in emergency. And I have zero credit card debt. What do you make? $100,000 a year. Okay.

I pay alimony approximately just about $10,000 a year. I have until November of 24. Okay, what I would do if I were in your shoes is I would get these two debts paid off immediately. And I would stop adding to your 401k temporarily, and I want the truck and the solar paid off inside of 12 months. Really? Beans and rice, rice and beans. You have no life until you get that done.

That is job one. It's an emergency. Or sell the stupid truck, one of the two well i can't that's you know my only vehicle well you could get another vehicle you don't need a thirty thousand dollar one but uh yes you can actually it's a sixty thousand dollar truck i only owe thirty grand on it oh good then you can sell it and get a thirty thousand dollar car okay yeah i'd sell it right now buy a ten thousand dollar car and pay that other debt off too yeah yeah. Yeah. Yeah. Yeah. Cause you don't have any money. Yeah. Well, you're 65 years old and you're broke. Yeah. Um, so here's, here's, I had a plan. Let me, let me tell you what my plan was. You tell me if you think this is work, if this is good or not. I know I've totally listened to you guys. Um, in, in 14, in 14 months,

um, my alimony payment stopped. So that's another 10 grand that I have that I was thinking about, um, putting back into my 401k and trying to catch up. Um, I'm also going to be hit my full retirement age so I can start taking my social security, which is about $3,200 a month. And I was going to try and pay off the loans with that, the house and the truck. Well, the solar by then, but the solar, I'm not really worried about because I've been making a lot of payments on that and that'll be just about gone. Um, but between the house and the truck, I, with my, you know, and continue to work, I thought maybe because, you know, what do you figure, $3,200 a month in Social Security.

Yeah, you're about $500,000 or $600,000 behind. Yeah, I know, yeah. And so, no, I think your plan's too slow. I would get more radical if I was in your shoes. I would get a thirty thousand dollar truck i would sell this one or ten thousand dollar truck and i pay off the stuff by christmas i'd be debt free other than the house uh and every dollar i can squeeze out i'm then going to start putting 15 of my income into retirement and everything else towards this house and i want the house

paid off in like three years not in seven years And then I want you just loading up 401ks and Roth IRAs and anything else you can load up in good mutual funds. Then you will end up with about four or $500,000 in a paid for house at 72. The track you're on right now, you're going to end up with about $250,000 in a paid for house at 72. And that, that there's about a $250 250 000 swing in what you're planning to do and what i'm teaching you but i'm teaching you some sacrifice you don't really want to do and you got to quit saying crap like the cellular was a good idea it wasn't a good idea broke people

don't spend 22 000 on cellular solar solar whatever it is yeah and you gotta quit don't buy cellular either you gotta quit you gotta quit buying money i borrowed money you don't have any you don't have any money that's my point you got to stop this you. Don't buy cellular either. You've got to quit borrowing money. You don't have any money. That's my point. You've got to stop this. You can't talk about this is okay, this is okay. It's not okay. It's killed you, man. I mean, you make good money, and you've got virtually no money.

So, I mean, I'm not saying you're horrible, but you're a C-minus student at this. This is not an A+. You didn't flunk. You're not retiring with Social Security only. That's flunking, right? But, you know, you got to lean into this. And, yeah, I'm with John. If I woke up in your shoes, what would I do?

I'm about your age. I mean, I'm 63. So if I woke up in your shoes, I'd be driving a $10,000 truck. I'd be debt free, and I'd have a game plan to knock that $136,000 out so fast. It's unbelievable. Meanwhile, dumping everything else I can find into my 401K, getting Roth IRAs and load those puppies up. Because here's the thing.

Seven years, it'll double. Whatever you got in your lump sum today, it'll double if it's in good mutual funds. So that $110,000 that's there will be two will be 220 and your house will be paid for that's your 250 000 i'm talking about that's what you'll have uh you might have a little bit more than that if you if you get aggressive on putting some in you might have 300 but you could you could have 600 and we talked and then you can buy a truck we talked about this earlier the confrontation will come and this confrontation is going to be between you and math it's coming you can you can manage it on your terms right now and make some sacrifices

some pretty hard sacrifices or you can just wait and it will hit you at 88 in your ward of the state yep ellen's with us in atlanta hi ellen welcome to the Ramsey Show. Thank you. Hey, Dave. Hey, John. Really appreciate your show. Sure. I am 63 years old. I'm single, and I am trying to decide whether to take out a loan on a house or townhouse or to buy. My net worth is about $4 million. Why would you borrow money? Well, my financial advisor advised me to do that. I would get a new financial advisor.

Yeah, they're fired. Bye, Felicia. You have more money than he does. And how did you get there? How did you get there? Not by get there not by his advice you got there by using your common sense yeah well and your common sense is telling you to pay cash for this yeah it is and your financial advisor is confusing you yes i'm very confused pay cash um okay i interested even, how did he come to this?

Oh, he wants her to invest the money with him. Yeah, he wants to hold on to your money because if you buy a house with cash, he loses that investment money, right? So he has a financial interest in you not doing what's best for you. But I'm interested in his argument. It's that she can make more on the investment. Oh, geez. She can make more on the investment. He, that mortgage rates are going to go down, and there'll be more, I guess, more inventory on the housing market. So maybe prices will go down within the year.

Yeah. You really need a new guy, hon. Okay. Okay. Because there need a new guy, hon. Okay. Okay. Because there's a housing shortage. We've got the lowest inventory in 15 years on the market right now. There's only a million properties on the market right now. There's usually 3 million on the market.

So when you have that kind of a shortage, prices don't go down. They go up. Anytime there's a shortage like that. So we're not going to see house prices go down they go up anytime there's a shortage like that so we're not going to see house prices go down not substantially they're probably going to go up about seven percent in 23 that's what all the projections are this guy is playing games with his math um that's dangerous and you need to trust you you are wiser than he is. Trust your instincts. I would pay cash for it if I were in your shoes. And of course, you called Dave Ramsey. You knew he was going to say that. So this is The Ramsey Show. Dr. John Deloney, Ramsey personality, is my co-host today and is with us in San Diego. Hi, Ann. Welcome to The Ramsey Show.

Hi, Dave. Hi, Dr. John. Thank you so much for taking my call. Sure. I love all your answers today, especially the one about tithing. Oh, thank you. How can we help? So, yes. Okay, so I've got $350,000 in mutual funds, which generates a monthly income for me of about $2,000. And that $2,000 is about a third of my total income for the month. My question to you is, I've got a car loan out for,'s $20,000 total and I just was informed that we have to pay back our student loans which will be about $25,000. How old are you? The question is I'm 67.

Okay all right so you're retired and this is your nest egg. Yes. And what is it invested in? Mutual funds. Okay. So they're making more than $2,400 a month or $2,000 a month, was it? But you're just not taking all of it out. Right. Exactly. Okay.

Good. Good. Okay. right exactly okay good good okay so would i rather have 300 000 and no debt or 350 000 with debt um no the question is should i pay off the student loan and the car loan with my mutual funds yes is that your only is that your only money is that 350 000 oh no no no oh how much money elsewise do you have elsewise i have a retirement i have a pension and social security okay the retirement is a nest egg or what? It's a monthly income.

Okay, so you have a bunch of monthly income, but in terms of money that you have in actual savings of any kind, retirement or otherwise, this $350,000 is it? Exactly, yes. Gotcha. Your home is paid for? It is. Good for you.

So you don't even need the income off of this you could live off of the other streams of income couldn't you i could but not as comfortably oh yeah yeah sure okay right all right so i suspect that your decrease in what you would draw if you were drawing on 300 rather than on 350 would be uh less than the payments that you're going to pay off. So I would imagine you have a net gain. Right. So I'd pay it off today. With the mutual fund?

Yes. That's going to reduce your income. It's going to reduce your income from the mutual fund, but it's also going to reduce your outgo for these two payments exactly and of course your financial advisor said don't do this yeah he like shook his head of course he did you know the he said like the market is like really volatile right now to me yeah it's like way up yes and listen when it's way down he's going to say it's really volatile just leave it to me yeah it's like way up yes and listen when it's way down he's gonna say it's really volatile just leave it to me i'll take care of you yeah exactly so if you pull this money out

and pay your debt off he's gonna make less money let me tell you something else that's gonna happen that's really hard to believe okay you're gonna feel physically different when you don't have any debt at all. It's so weird. Yeah. It's hard to describe to people. Some people, it's more dramatic than others. It just depends on how much of a worrier you are. The more of a worrier you are, the more you'll feel it.

Because, you know, John always says your body keeps the score. You physically register the fact that you owe money. And for the last three years. Even though you could pay it off tomorrow. You've been playing ping pong with the government on who's paying your loans back. You, them, them, you, you, them. How do you have a student loan at 67? What did you do?

Yeah. What did you do? Did you go back to school like at 62? Oh, well, it's my daughter's. Oh, it's a parent plus? Yes. Oh, okay. Okay. All right. Well, that makes more sense, sort of.

But yeah, yeah, definitely. If I woke up in your shoes, is the way I answer questions here, knowing what I know, and my net worth is greater than that of your financial advisor. And so, you know, there's a lot of ways we can measure expertise in this area if you want, but that's one of them. I would pay to, I mean, I'd pay that loans off today and take a little bit smaller draw, but you would have a smaller outgo, and you'll still have approximately the same net

cash flow in your budget, maybe a little bit better net cash flow in your budget from doing this. So it won't affect your life except that you're not going to owe anybody, and you're done. And very few people become wealthy using borrowed money to do it. Most people become wealthy using borrowed money to do it most people become wealthy using cash flow and so you're not you're not adding to your wealth by holding these debts david i'm gonna start getting all worked up that's the second caller today that has called in this hour in this hour that has a financial advisor doing something against their best interest to their client yeah it there's two types of people people, though, there, honestly, like there is in a lot of things. Number one, there's financial advisors that are straight up just doing it because they make more money. You know, just a straight up ethics issue, as far as you and I are concerned, against their best interest.

The second thing is, is they just honestly disagree. They would go borrow on a car to put money in mutual funds. They really believe that. Or they would go borrow on a car to put money in mutual funds they really believe that or they would go borrow on your house to put money in mutual funds they really believe that they're wrong but they really believe it and so my contention is is you actually get screwed more often by enthusiastic ignoramuses than by truly evil absolutely yeah there's more enthusiastic ignoramuses out there than there is con artists. I've been one for a long time. Yeah, I've been one.

Yeah. I've never been a con artist. Right. I've never purposefully, with evil and benevolence, just taken, you know, the idea I'm going to steal from somebody or I'm going to hurt somebody so that I get gain. I have never done that in my life, ever. Not a single time.

But I have enthusiastically endorsed some absolutely ridiculous things me too yeah not for the last 30 years but uh but prior to that man i got a phd in stupid yeah i have i can tell you story after story of stupid butt stuff i've told people to do help them do it encourage them to do it forcefully and passionately argued stupidity i have done that oh my god i've done that. When I wore a younger man's clothes. I don't know. It sounds a lot like when you convinced me to jump out of an airplane with you, too.

You lived and you got a great story. No whining. Great story. No whining. Pretty awesome. Yeah. Pretty awesome. And it was fun.

It was a lot of fun. We need to do it again. It's about time. But I think this is awesome. Hey, I would do it tomorrow. It's about time. But I think this is awesome. Hey, I would do it tomorrow. You got me hooked. But I do think it's important for people to remember, if you've amassed wealth and you've done well for yourself and you've got somebody saying, hey, this is the right way,

it reminds me of, there's a great documentary out where there's a bunch of grandmothers and they're sitting there talking about margarine. And they said, everyone told us that margarine was better for us than just pure butter. And they started trying to get this margarine out of the tubs with like a spatula. And they, to a person said, we knew it in our bones. This wasn't right. But they told us.

And so we just went with it and it wasn't good and so it's very similar if your guts tell you this is wrong let's do something else which by the way margarine is colored lard just in case you're wondering go it's just go with it with a side of chemicals yeah eat butter this is why when you get real butter at a gourmet restaurant your brain freaks out it lights up like a christmas because you've been eating colored lard yeah oh my gosh you know that that's the truth we did we grew up on that stuff yeah yeah and you know the things we were told these preservatives keep the food from going bad they're so good for you but they destroy your body you grew up in the uh in the menthol tab margarine era

the golden era of american nutrition i grew up where every adult in my life could cuss the highway patrolman with a cigarette hanging out of their mouth and never leave their mouth that's where i grew up that you know that there's so much nicotine in the house it was running down the walls and smoking sections in on the plane are my favorite memory exactly yeah as if it wouldn't run its way down this hollow aluminum tube and the whole place fill up with smoke as if the smoke would obey the little sign that said smoking section they had them in restaurants too if only they'd had someone tell them to wear masks they would have been much safer you know who would think of that i don't

know fauci oh who knew before that? That was before America got Fauci'd. Yeah. This is The Ramsey Show. Hey, it's Dr. John Deloney. If you love the show and want a deeper dive on your money journey, we have a weekly newsletter that gives you trending and helpful articles and tips on following the Ramsey way. Just go to RamseySolutions.com today to sign up for our newsletter. Again, that's RamseySolutions.com to sign up for our weekly newsletter.