From the headquarters of Ramsay Solutions broadcasting from Medallic hormonal studio, this news, but they Ramsay, show where America hangs out, have a conversation about your life. Your money, I presume, can kill again per day this hour and I'm jointed studio by best selling author NL financial experts, Rachel crews allow cross hurrying. How are you doing great do very sad to be here at this hour. I am excited as well and we're gonna take your calls. We're gonna die vision to the things that are on your mind, so in order for to do that. You need to give us a call, the number to call

eighty eight eighty five five two to five again, that's triple eight, eight to five five to two. We're here for you and you can find a sound social media at Ramsay Show. Also you can find Rachel at Rachel crews on social media me at Chris Oaken. Three sixty we're all over the place on Instagram and twitter and all the places so centre. Questions we'd love to be able to talk with you, so Rachel you have been busy. Yes and what what what's happening in the ritual crews world right now yeah, we talked yesterday from internally is your first week back and we're gonna hit the ground running. We have lots of a slots trip thoughts, travel coming up in March, but some exciting, safe, the crews we're doing just that live like no one else: crews and there's a few cabins laughing gotta Deva hymns dot com for those, and I can be a really fun trap. Those of you in baby steps form beyond

to celebrate together, as as a community, it's gonna all the rooms, personalities we'll all be there, and it isn't just some other people and that's gonna be a great time and then we go onto the Smart Conference in Orlando rose and me we're like him, back to back. I think we should just live there. I met movies words that you should start with. I will go visit Rachel, but listen. You mention Crews, it's gonna be a great opportunity for people to come out celebrate because you have live like no one else. Yes, I have paid the dews and you got yourself in a position. You're gonna come celebrate. Gonna be March twenty second, through the twenty nine, we will all be on the boat. A hang out we'll be walking around with a very large life preserver we're going to have fun we're gonna celebrate we're gonna lot exciting activities. I ve been on a cruise before absolutely you you're crazy people are not crews. People like later this morning, I want to tell you about this, because this is one of my favorite events Rachel. We all have an opportunity to be able to speak Davis, gonna, be talking

or myself will have doktor make meagre talking about parenting at the only it will be talking about youth and money. Can comment will be speaking. I mean it's just a lot of fun and it's a family friendly event. So, if you teenagers- and I mean no twelve and up, you- should bring them out and have a day of learning. It's fantastic. Ok, here's what we do! We take your laws, and so we want to hear from you. If you ve got a question, give us all we're gonna die on the phone right now we got leave I on the line. How are you and dress yourself, fell on focus, not finished. My friend what question for Rachel, and I so I guess a question for you guys, think things others take my car mean my my fiance are currently trying to decide how we are looking to achieve its, but you you're gonna, be after we get married. We are trying to decide if we should rent or by currently we are. We are quite a bit.

In the sense of she just finished. Her master is about a year ago and she had about almost a hundred the incident, that name now has two Amanda roughly about six hundred dollars a month, and I heard about that. But I do not in the in our personal loan that I got for consolidating my credit card that I'm so He asked the work into that we're trying to leave her alone but then pay that off as quickly as possible, but the problem that will happen with the decision part of this is that it seems to pass the same to buy a house as it does to rent a house and we're just not sure but she thinks we should grant. I think we should buy em or destroy you decide what the best route would be. Clever say: RO a fund that we we go by it comes to just finances in general, for you guys is keeping everything separate until you get married and then looking ok! So once we're married again what we

you ran or by sea, because you guys have so much debts? What we teach You get out of debt first and get a fully funded emergency fund in place, because, yes, where the it's a mortgage could be the same price and in some cases actually the rent might be even a little more expensive the mortgage. But then, but that's not the entire. That's not the entire bell because, when you look at it owning a home is very expensive when you ran out of the responsibilities and things that happened to the home are not on you. There on the landlord for you when the water heater brags, you take care of the the lawn, I mean there's so much harm ownership is almost like the cheapest day. You have. It is the day you sign. I get a ride home, I mean really there so might learning so the risk that goes into owning a home. When you have this much that you must have a ton of debt urine in a good position in this kind of stress. You guys out ends up being a curse rather than a blessed leave our how women you girls getting married August. Looking on an almost

it's all right now. You guys individually have your own budget and your controlled. That's all! Is that right? Ok, more focused on getting out of debt. You are her I'd, say it's at her, I don't like you. I believe I'm trying to help you out a little bit more. She ran right, he's doing really gets out. Well, I think you know I'd like that. You guys are talking about this and I would encourage you to get plugged. Gonna go through financial peace, university you're going What is individuals right now, because there is no, we ok, you don't get big, french, yet you're individuals, but look at this But the mindset of agree with Rachel. The last thing you want to do as compound the financial stress by adding a house on top of this Printing is not a sin. Hunting allows you times, you can save up and by a home the right way so get yourself. A get intentional get on a budget

really really really really focus, get out. A debt than bullet build up a fully funded emergency fund and then leave. I you're gonna build what we call what Rachel baby step three b. This is where you saving up for home downpayment. So that's the problem and you guys can talk about it, but it's an that's what you want to do it the right way absolutely and I think, to leave I for anyone out there that when you're engage getting married, I find is that a lot of women, their top financial fears, the lack of security for the fact that she's even warning to rent for a little bit. She made Ok, yeah! I dont want the burden of a house right now because of how unstable they are financially because of how much debt that they have so leave. I encouragement to you, would be number one. She might be kind of broken out with the amount of death that you guys have an getting you fully on board that you're not just watching run, but you are participating and you're in it. You are committed, and so that-

that changes the game and for couples. Young couples, especially when you can work on a huge financial, gold together and being added Out of debt is probably the top for a lotta newlyweds, because there is like rampant euro in our country, but when you conduce analogous together. I've talked to so many on couples and they get out of debts and they say now we feel we can do anything and when used your marriage off like that on that kind of foot. With this goal and you work Together new sacrificed together, it brings you guys a sense of unity, verses, running into separate lanes and letting money distress you outbreak you out. I mean really working together, certainly by. I encourage you, Mr Mugabe, your fiance, probably hook, step up employee

with Her- and you guys do this together in August when you get married absorb here's, the intentional thank you want to utilise or real estate ye ll be when you get ready to buy home, because this is not an emotional decision. It's a business decision and you want to go to it with your eyes wide open. So you don't overspent. This is that Abraham sexual folks

have to tell you what your student loans that is doing to your budget, get rid of it, go to splash financial Dotcom slice Ramsay and see if you qualify to refinance your loan to a lower rate. Unlike other refinancing, splash has no fees, I'm talking no application feet, no closing costs, not even an early pay our feet and if you qualify, you'll get lower rates to help you get out of that faster sounds like a no brain or to me, stop wasting time go to supplies. Financial, dotcom slice, Ramsay check your interest rate in minutes and see. If you qualify although everyone you are listening to the main Ramsay showed brazilian filling in for neighbouring through this hour and joint its studio by never what best selling author and financial experts miss Rachel crews, and we are excited to take your calls as well as your questions. We always

talk about social media and Rachel, you are absolutely super active on the media. Yes, but when love hate relationship with it it is well it's it's a point. I read about my book. Live your life out. There is social media can be a blessing. Also occur, so you want to use it appropriately ray. I like it's just a place for comparison and wouldn't go downhill, quick when you start believing continuously on such me, but it's a good thing. I think, because you're able to connect with people you're, The talks are able to hear from people like that. We normally never would have that's exactly right, and so what I want to do you can find Rachel at Rachel Crew, sure divine Viagra soaking three sixty you can find them today, Ramsay show at Ramsay Show on all the social media, platinum platforms, but I wanted to take it question real quick. This is from Alexis Rachel for you, and it says my husband and I are on baby steps for five and six and were about to, cash flow. His degree we don't have kids,

We need term life insurance when it comes life insurance. You only need life insurance if someone is dependent upon your income. So if you dont have kids that I would say no, but if you do, if someone they or income is helping and if something happened to you with the person be out. So that's kind of them if we look at the earliest, and so in this scenario, if they're trying to catch his degree- and say that he's working outside the home and the wife is as well while they cut got this situation where they are maybe depending on yet, and so from that you want to have ten to twelve times. Your income in turmoil insurance. It's really important the younger you are the cheaper. It is and its at its option. It's how you say. I love you to your family, and so, if you guys are planning to kids later in life whenever this is something to really. In place, and you can learn more about this. By going to day Ramsay dot com, you can click on

the endorse local providers under insurance and get more information. So, if you're out there- and you got a question we want to hear from you so pick up- the phone call us the number to call his eight eight to five five, two to five again, that's triple eight, eight to five five two to five Kelly is standing by road. To take your call. We're gonna get to the phone line. We got John online, three John. What's your question for Rachel and I gave thanks for taking my call. I actually had the opportunity to meet you crazy, engages bird for Ah there was a lot of fun. There was fun tonight that we enjoyed in their telling my question for you a real quick is we are that free? We have our emergency fund to complete. It felt at that's a tremendous weight off our shoulders. However, were forty five years old on forty five years old and we have zero saved for retirement and were currently renting, and we want to buy a house and not sure how to go about tackling three b.

Four and five, and I just want to get your input on about them for drug a John. How much is your household income worry? We have in the big shovel we ve been blessed. We make about quarter million dollars a year. Okay and you're completely out of debt. Now correct this month will be the first month right on pay any bill, any sort of consumer that yes Giants alarm? What was the last consumer that you paid off my truck the truck all right so feel John. Is it worth it? It relieved and bold nervous, because I so much more work to do, but but here's the thing John it up. I appreciate you haven't that long term view, but we celebrate that. You know you are tarred you made a decision, you got intentional, you paid off debt, but what I don't want you to do is try to eat the elephant in one bite and what I'm saying that is the way to eat an elephant is by many bites at a time. So I want you got to be able to celebrate and real I understand what you ve accomplished, but yet you say

got some work to do your area. Are you planning to stay in the Maryland area? Judge the thing down depending we could be here, no more than eight years of going on, then maybe move back to her, where originally from in New Jersey confined, I I don't know I wanted displaced my four year old. What kind of parent might do so. I really dont know have an answer for you understand and the reason I'm asking to from a technical standpoint of you. Look at and understanding the median home values in that area. And what will ten percent look like? Or twenty percent look like as a down payment

you mentioned you gotta, not what's advertising price there I mean for tee to deprive only five hundred thousand dollars. Ok, ridiculous. Looking at his town, eighth eighteen year at Gunnar was low, we'll see reserve with a minimum prices, but looking at you, ve got a big shovel from an income standpoint, and so you know, I think, at minimum you guys they to strive for at least ten percent down to be able to attack and then from their get started on baby step for Rachel. What's your thought for John yes, I mean there are forty five years, all you're, so renting you have again. Income and so being able to own and asset like a home that more than likely goes up and value for the most part right rules, It does and so to be able to invest in that. For your future view as to be settled so yeah marilla them too, with buying harm, is making sure that you're in the area for at least five years- and it sounds like that's the case one, so lloyd, I will go in, and investments is property and instead of just renting is because of where you guys are at again at a debts.

But I found an emergency fund. Do that and then you'll be able to put some money after that into retirement jogged. You mentioned you didn't want to displace your four year old, come on man for you also disposable. There was They'll go wherever you take em euro, you get into junior high school, there's gotta be a different issue as, can long term forever. So yeah you're gonna be ok. You got stay the course. I'm proud of what you ve done. You got some more work. Do but stay focused. My friend you're not finished. I gotta go to the vote online for we got marine on the line. Marine watch Rachel, and I drinkers My thanks. Go to my com. But what about a dilemma we like to carry we You seem a bit off, I'm a man employed over his face, K is a hundred and twenty eight key and the rest of his income comes from Amazon cheers.

Now we have about knowledge about bowed with of shares, and I have suggested that we take those shares to pay off a student dirt in one fell swoop years, not comfortable. With that suggestion I'm not doing so is pointless because we have an even clearer about consumer that we were not always consistent from month to month, so he showed that we have probably established, but light for an actual habits to help us take on babies. That's the war once I'll bet is cleared. We decided to call you guys get yours take on how you think we should tackle ok, buried. I got some background questions. How long have you been married Mauritania is ten years. You have kids. Children, only seven, three, seven, our aid, and so you have ninety two thousand and stood alone that left you ve got nine two thousand dollars in Amazon Stock, ok and how much,

You all have saved toward retirement right now. None, not ok! I Rachel which of them yeah I mean if I'm in your shoes clearing up this debt is key because able to put your income to other things and more than likely, hopefully, his income will just keep increasing, but the fact of theirs. Penalty you're, not taking anything out of retirements too, to pay off their. We would not go for bananas save your able to liquidate things and get out a debt. That's the road! I would take your. How much are you all paying on this student loans that marine so between here's to learn and mine, working five hundred and sixty two, a monk, five strategic. Ok, Ninety two: how much of the student wounded is sixty to locate are an end again. You guess It's the death is coming together. I would sit down and and havoc bus station with him an end really start to look at this in and see that the costs of this five say to that you are making in this payment

Turning in his mind, he kit comprehend letting go of stock, which is extremely volatile. Someone could hiccup or snow. Send the value go down versus the what it would feel like they have. That is your life, so you guys they too have conversations and again his mind may be Thinkin futuristic, but you're mindset is looking at the debt and it's a great opportunity. If you ought to gain some clarity in sitting in looking at this, agree with Rachel caution that out and eliminate the student loans at you guys have an opportunity to take the five twenty nine that we're paying per month on the student loans and they start to apply that to a fully funded emergency fund. His you got an opportunity here: the key is to get in line and get on the same page because a dream without a plan called a wish. You need a plan. This is that they braves show

Ramsay? Solutions were big fans of leaving a positive the legacy for our children, love, faith, responsibility and a powerful financial legacy. Friends a time share does not fit into the equation. Do not leave your children, a legacy of increasing timeshare maintenance, face of high pressure, a grade sales presentations or a debt that is extremely difficult to offload timeshare exit team can help you leave a better legacy. Call them today: aid for four nine, nine, nine exit, eight for four nine, nine, nine exit or time share exit team dot com,

however, when you are listening to the day, Ramsay Show- and we are having a blast Rachel and me- are- are taken your calls they are debating on the grammatical cited as I will fight them later. Kramer is actually that annex iii, I'm gonna, put someone had locked in a minute unless we have an absolute blast taken. Your calls. If you ve got a question, give us a shout that number to call as eight eight to five five two to five again, that's eight, eight, eight, eight to five five, two to five Rachel. I hear for you or you re my place, not yet sometimes you're army and again, oh, I would you want to save me out life. I observe grammar police snares us army. Anyone see if he's back room here, we go we're gonna, go to Emma onward one Emma. What's your question for reach one eye, Rachel High Chris. I was just reaching out because my huh, and then I got married and October here last year and we,

Ben I'm, since we got waited college. We then on the planet, following Gabriel steps and we ve been- to buy a house and we have quite a bit saved up, I think we're sitting two hundred and sixty five hundred seventy and we are looking at houses, but it is such a sellers market. We ve been kind of resistant to pollute, rigour on anything and I haven't really investigated looking into loans, yet just cause we're Really wanting to reach that goal for just kind of curious on your guises feedback on that, because it is such a volatile mark He can't really know what the future holds. Sure what Emma you got married for months. Do you have any consumer debt. No! We are both totally out of it. Amazing. Indeed, I have a fully funded emergency fund of three to six months of expenses. Yeah that's outside

that's amazing! So you're, like a hundred a hundred, seventy thousand dollar saved under seventy, yet thousand are saved outside of the emergency funds of correct yeah you incredible spot absolute credible. Well, the way look at it is that you are in positions by having we always say to put at least ten percent down. In doing that is the rule of thumb and yeah sure it's. It's got me somewhat volatile, but over the scope of time the housing markets, you'll get equity, hopefully goes that's a pretty safe investment is real estate. Like a home right, a residential harms. That is something that you guys definitely can, but you- and I would even pause M aggressive married for months. I would wait, October, through the spraying go through this summer and enjoy your first year of marriage, because once you start homeownership, we took that's gonna call a few seconds ago. But it's expensive. I mean it is so expensive. You're gonna have things that break, have upkeep and maintenance that when you re the landlord takes care of so eventually once you guys do you

just a home in your well on your way, but I think just for, like the stress point of you guys been newlyweds, I think it's ok to kind of take a breather you're just out of college, your young. U S have so much time be married a year before he sighed the purchase, but don't be afraid, to go into the housing markets, because it is a great investment in you guess what to do with your eyes wide open as well. It was saying doing here, We looking at this understanding the schools districts for were you buy if you guys are going to have me is how are you planning there and then you also psychologically have to get prepared to be able to write that check. Process you know cause you guys have been intentional. Where did this they come from four hundred, and seventy thousand while we both he hadn, t decent out of school paid off within a year working for a stay at home with his parents, and then I go

where did with only like, I think three or four thousand dollars in that and I paid off within a few months of graduating. So really I've been king between thirty five to forty five for the last two to three and then he makes good use made from between fifty that, like somebody s right, I'm way few extra jobs you all have been fairly nearing focused saving yeah we defend I mean we ve definitely are ready to start. He about having a family and its is kind of like we're resistant to move towards. We ve been through that having kids until we figure out the house. Why is it such a big hurdle dilemma? And let me take another step, because this is something I wish someone would have asked me when you got you have to to have a family are one you planning to stay home or you both gonna, be in the workforce. One planet to stay home, and so that's another part of the equation, that's right,

She rang and then figuring out what If we were even want to do a long, has the housing market is still kind of alleys rang out its assent. Market directly and there's not many options in the options that there are pretty right, so well treated. Well, it's hard to say on that much money liquid though I know, but not because you ve. This this money has an obligation and it's called home. So our heads not something to go fritter away, but here's the crazy thing you off actually will go in with a bank and you will qualify under both of you. May an income? I want you to be mindful of. If you start to a family and your coming home, then your existing off of his income right and so you can ask me to look and it's not a matter of what you qualify for, because the bank is gonna you qualify for some ridiculous amount more. Then you all are warning I You ought to remain in control, and again is that it's that

you too four year decision. I want to look, two to four years and think what do I need to do right now to put myself on that path. So thank you for your call. But I just want to continue with the gods are great point crises that so many couples go in and they do this plan and they have a great down payment and are making great money and you sit down and they tell Oh, you can get x amount house and you can also get. Oh, that's excite bats, calling don't even think about, but it's the couple that after house fast? Are the ones tat we qualified for a whole lot more, but we still got a house within reason. We did not take the the advice. Is under and get this you, Charles, but it can be exciting sea can be sitting in their thinking. Oh well, that's what we could be an. They may not be smart, you guys so have your goal of what size House, what price range, no matter, what the lender says that you guys can hope to reduction of Roma three Jennifer. How can we help you, I guess inflict they started to talk to you to what's on your mind,

I might add that I had then get downtown since July of last year, we so far paid off almost seventy thousand. We had about. Eighty to go so no life, we have three boys and it's like we also with her life insurance policy Now that we have been aware of that, something like this, I'm a good time of life insurance. We have turned through the under an so going back to my kids were born my in was decided. It would be a great idea to get life insurance policies. Are my children, whole life insurance policies as a gift for them. So when they become adults, if they want to cash Sudan, then they can use it to buy burn college or what not? But now there were in the situation where we know that whole life, insurance policies are not the way

go and not the way to save for the future. I am not sure if we should to them about how we getting rid of them and putting that money The you know on mutual funds: road you carry, My mother in law has recently retired. Now, for income is fine, she has a pension, and my father in law has been disabled for the last twenty some here so now there in their income, has gone down in their pain that monthly or that yearly premium, and I I hear for her to do thy? Knowing that the money is not going anywhere was rolled road job absolutely sit down. I want and show them hey. Here's the math and you can just do an investment calculator even just online of what is gonna, be if they catch it out at eighteen years, all that's all. I've policy verses, if you took the money out and put it in a good grow, suck mutual funds, just let it grow. Ten eleven percent and just look at the map

for them at their doing this because there being their generous their care about you guys and they think hey. This is a great way to bless, are grandkids, which is such a gift like how it's amazing and to say we so so appreciate your thoughtfulness and this gift and we are beyond blasted, thank you but as we look were digging into our own personal finances. We we recognize

and we're going to educated ourself that hey, maybe a whole life policy, isn't the best way to use this money. How did you guys skilfully cash it out and put it in this, and if you guys ever went to a tribute it? You can put war in that if you would like, but in that way it just grows and where I ve spent upon you all putting money and exactly road because man, your kids, will have self. I swore moneyed eighteenth ritual five in a stupid whole life policy believe or stay to. Remember that this is the big groups issue.

Tell everyone. You are listening to the Dave Ramsey Show on Chris Hogan, filling in for Dave Ramsey this hour, I'm joined in studio with national best selling author, Rachel, Cruze and Rachel. Your Reese's book love your life, not theirs is still flying off the shelves and dig it am. I was talking about your book when I was talking. A friend of mine about contentment justice I said, yeah have quoted you at sea. Retirement. Thank you, oh god. How can I won't you, and I give you credit sometime I recently. I strongly regret it. How about what you say a budget gives you permission to enjoy and This is one of those things that people that's a common misconception about about gas budget permission to spend them in I've for so long resisted a budgets I feel like it was so yeah you're, real like constrained, she was cheap. You couldn't do

fine and finally, learning no a budget actually allows you to enjoy your money, spend your money, but it's the troll, and so you can go shopping, though the grocers or whatever it is, and you're never again. Gonna. Think it's ok like we do this. Until now, it's so clear right there I mean even our kids, our oldest now she's, only four but things you can do for a four year old from swim, lessons to camps in the summer to soccer. You know at the wild salmon there's all these things, so we had to start a little behind item for her life activities and there was something else I wondered or do the summer and we look to the budget right. We believe that she has to other things going on we're fine, but it just gonna makes decisions for you and it gives you boundaries and limits said

when you are doing the things, are spending the money you're actually can enjoy at frontiers until everyone where they can get a copy of this book, yellow front. There's Rachel Christa, come every American interpret bearing or anywhere books are sold. That's right, or would we get back to the phone got Dalton online, one Dalton? What's your car Aunt Rachel and I so thank you for taking my car. First of all, I appreciate being able to see that he too sharp and so my question, we just completed biggest up to and then also babies have three right there after that greater three months and then literally the week after we finished what you said to me, my life just hit a lay off trying to figure. If we should continue to build because are able to still continue after that with my income or if we should just about everything pause and just go from there. Ok tell me that's how much there dont did you all pay off? It was seven thousand twenty, two thousand and eight month, twenty it that's. What kind of debt was that

student, along with an odd alone who were put everything four year old who had at that time? Yes, ok, and what would you all income when your wife was working about seventy five a day and how much? What's the income? Now that she's been laid off about fifty eight sixty, ok I go to a pretty well. Ok. She was only make it about fifteen. It just evaluations working part time, Washington, school, completing it has got such outbreaks of your question is this: do you pause everything because she's laid off or do you stay focused? Is that your question? Yes? Ok, Well, I mean to tell you this. I mean I think you absolutely have to stay. Focused look at this and, thank goodness you got yourself out debt built up your murdered savant. I think the mindset. Needs to be for her. In looking at this and then finding some employment, meaning

some additional income coming answer. You guys can continue work through these baby steps, and don't worry, what is she in the act of hot right now or Is she just kind of reeling from being laid off cheese hunting for the next next big thing, but just to everything that has happened so quickly It's just also much at once wrote his China pick up the pieces, lavish dollar I can imagine, I think it's important Rachel for him, especially as a husband to make sure that these two with her and hearing how she's feeling is that gotta be a shock to their system and very frustrating yeah without near integrate place like this is why you get out, this is why you bought up an emergency fund cement things like this happen: it's not a crisis. It's an inconvenience and he was like a man. Fifteen grand be nice. We don't have it, but hey you're, living off

what was it said that the eight review to exceed a mere making, sixty granules are killed cell can continue on and they should get some extra money on the signing its job and that extra bonus you know you could see to put in the park you guys, are doing great. I would not pause it now if it was reversed and you can only make him fifteen and you lost your job. This would be a different conversation, but when you yet browser killin it in, and if you need a difference, the emergency fund for something: that's why it's there? It hurts to get that we tackle this yesterday. Road systems hurts the emergency fund like note our allies when it keep it there. But if you need it, that's what it's therefore, and the bill the back Then Rachel, you ass, my biggest up. If you, using that emergency fund job one is pause, everything and replenish a lot of people. Do that and so they end up falling off, and then they run out of money. So dont and thank you for your comp. I'm going to die for we gotta Jennifer on the line from Virginia Jennifer. What's your question for us

things were take my com, but my husband and I are going through a very amicable divorce right now, I just closed them. I run a property and so on one day I think I'll get a hundred each grand, which goes a hundred percent to me, minus taxes I'm I'm assuming about thirty five percent of credit card that car the paid off my life, the situation is, I'm in the merit a home and work in a shared expenses for the next ten years, so my living expenses for the month will be about twenty five hundred, that's including at the morgue, all utilities, including cell phone and ever The aim of my question can I take the hundred and chill and completely of all the day, starting If you find are established and then put the rat, I don't know I re or something I don't wanna know, basically what to do with it: big lump sum of money, Reddit, absolute rich, what you thought

and how much that you guys have thirty five thousand. As we said, I was dreaming thirty five thousand other of credit card and you're. Getting all that you, so you have thirty five thousand dollars at full of dead after the divorce in everything is final crack. I would definitely that and I would throw at the dead guy do emergency fund. Just like your saying and then whatever's left look into retirement accounts for sure, because can I leave you in a great spot. Are you working, oh yeah and I have I have retirement I think I contribute about seventeen percent. Each paycheck and then I have another area that, like a hundred and thirty and you make a year a hunter twenty five allow young guy. You're. In a great spot him in your and our hard spark spots emotionally Jennifer mean this stuff is, is draining and howling regos married. I'm married for five but send for twenty year. Well, does you guys have kids together. Now- I have a nine year old twenty two year old, though my tweet. Here

the college he's doing we and put into a fight to nine for her for college already archologist. Eight forty two senior that Vonnegut Shale gas saying, but I do have a nine year old- serve what's happened Your question, I will take that hundred k, pay off the credit card. Deck gets emergency fund the place and then also like you know, that's the Tec. The whole financial side. For yourself, you know it. This is a hard thing. I mean any type of marriage that ends the matter. What length of time it you guys a bit together, sad and its high. And said to make sure that you're taking care of herself on the relevant Eu Deaf and want to make sure you ve got some people around you, a good church that your attending or so people? support. You that's gonna, be crucial. Let me ask you this: how much debt credit card debt did? You guys have together. It's probably seventy four, so they kind of split down the middle right. Your name on the other credit card death did you all have jointly. We did

Ok, I'm tell you this guy's gonna be very crucial. You need to make sure that in the divorce decree it details what your obligated for them intentionally, because you may get calls from the other death it you're not responsible for so you want to make sure you're able to defend yourself. Be crystal clear on the text. You send to pay off the thirty five thousand that you are responsible for make sure those our cashiers checks that you keep a copy, photocopied, and keep a file That way, you are clear on what you ve done and what you are blogging to do movement forward. I do like the idea of maybe park in that money for a little bit just that a money market account you got your fully funded. That's a fine! I don't watch make any decisions? Yet it's ok that money to sit still for three to six month, Did you get your hidden earlier and you understand am I investing this or what am I doing as I move forward. Just a good rule. Of thumb anytime. You come into some money like that. You don't want to do anything haphazard early or too quickly. You want to clear your mind. Understand

the heart is and what you're planning us and that we are able to move forward with absolute confidence. Thank you very. Much for that question were Rachel. Thank you for taking the time to join Yes, we want to take you. I've won for call again all the calls on you for listening what to think James Childs producer Kelly, Daniel associate producer and wanted they just every body for tuning. In that an absolute fabulous in studio audience. Thank you overcome it out. This has been the Dave. Ramsay show

Hey. It's Kelly, says you pretty certain. First rate of today we have to share this episode is over, but if you heard about a product or service, it didn't have a chance to write it down. Don't worry. We list everything that is mentioned during this episode in the pot tests. Show that section thanks the listening.

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