Oh boy was usually judging from the dollar studios. That's the day. Ramsay geysers mortgage has taken the place of the Bmw, those status symbol, choice. I M Bay rooms, you your home. This is your show, thank you for being whether future show, but that we talk to you. We actually take more calls them near the top. Radio show America because you're, actually the subject here, Glad you're, weathers open, found a triple eight, eight to five five,

Two five that's triple. Eight! Eight too five two to five Joseph as our improvidence Rhode Island. I Joseph how're, you got there. Are you they deserve. What's up? I just want to call you today to get some advice from. You haven't some issues with my girlfriend I'm trying to get her to do that. No bar with me, and she got like five credit cards and you still loans Keyser paid off She got her own house just yet. Fifty thousand and left a mortgage and unjust. Really China, talk with and get around the bandwagon with an arm and how does it think Irene and oppression and stuff and talking about that according to their supposedly turner? some very difficult issue.

I for her anxiety and her depression. She was that at a time and she stopped for a few months- if you having Johnny and oppression of the part, that the point that you cannot live your life. Well, you need help with that and you ll get. You don't get to stop you can help- and I know you get here from healing and because, when you say you can Talk about money. What you're saying as I can talk about life, because money flows to every part of your life and I'll show it might be that that's a load of crap. It might be that she's just doesn't want about money because she don't want anybody tell her what to do. Might back on earth. I can't I gonna get thereby Dave, and you know her parents. That's definitely, A boy older than ever lies in Indonesia were no is not a word she wants to hear. Nor is it

she wants to tell her herself she until herself, no inserting Gaindu withering Zadig earn depressions get do that she'd been spoiled brat, I could they are just guessing it could be. It could be But anyway, so here's the deal. There are four things that marriage research tells us. It must be an agreement on. If you want High probability of a successful marriage, the number one cause of divorce in North America today and Trot in marriage? Is money fights number one? Ok, and so do you know any time you find the number one cause of something you deal with that if you're gonna be doing that something show if this relationship is gonna, get serious and move towards marriage. This has to out where there's one, I'm saying you guys, I have some discussions you have to get on the same page. You have to have an agreed your system to go forward, because if you

Princess Euro have which known as a long freaking life, so you don't do that and if she marries a jerk that more work March and I want to pay his bills. She's gonna have a long life right, and so you does need to be an alignment about how you are going to handle money and what, our view of money, savings and dad and investing and generosity is. And we need to have some alignment on those things now. She doesn't have to be actually like you, but you need to have had these discussions and be an alignment on those the other three. There are three things by the way alma endless to about our marriage or being in agreement on enlarge kids and religion. Kids forego haven't how many another don't be treated or the image gonna run the asylum don't? They would boundary issues and extended family, which is crazy,

And so forth, interfering people that contracts, and then you don't religion, The cushions call that unequally yoked, so alien an agreement on those four things and you ve had some good pre marriage, counselling and good, healthy nontoxic discussions were aligned on those four things statistic you- have a very high probability of your marriage. Winning show that I would talk to her about. Just got, go, listen! This is a big, be because, the ingredients, its big ingredients for success and I want a relationship to be successful so for your relationship to take the next step and become more serious towards marriage, this house, we dealt with any gently and kindly in, but you know figure it out ahead of time, don't and don't We get married well straightened out, then LU, LU. Ok, Some idea with before the engagement ring goes on the finger

the method in the boy sat looking well. Maybe it's a bill breaker, because money is that big, a deal? It's because your value system, how you spend money, says what important to you. How you handle money and, if you're going with your hands over your ears and go la la la la la la la la lie and act like we don't have to deal with asian somebody's gonna swooping. The fairy godmother can take care of us. The government's gonna help is retire, which is well rich ability to have money, you're gonna be broke. Your whole life mean I can spend on these credit cards. There's no end in sight, you're, not in Congress. You gotta have a plan. So that's the thing. So you got. You ever go to forego the practice denial, but the causes of stress A river in we can't do that, Sicily than workmen that's that's what you guys go in, and so you can have some kind gentle discussions and probe, but only to the

the relationship is moving forward and the relationship has stalled until you get past this hurdle at some point again, if you ve been on, dates. It's not simply talk about that. Much that will be weird but unless you ve met on the in the Dave, Ramsay Community or something on Facebook, but which we now have three engagements on their but but if you're, not, if you didn't meet there, then it's weird. Talk about this on the first two or three dates it unites lodged. If you dont like this, a very intimate subject, the new dune casual conversation go round or too so that that some it's a big deal, though foe for you to be aligned and those of you out there that are married me. You and your spouse, but on the same team is just it's just that what data points are there? It's almost. Possible to drag someone down the road to wealth. You kicking and screaming against their will. It's all

most impossible to do them, it's almost impossible, out, earn someone spending addiction, it's almost impossible to our earlier stupidity and lack of organization. I tried it, I couldn't do it pretty good at making money, but I could make enough money to get as much stupid. Allow do stupid big when I do it so are you cannot do that you ve got to be aligned. You ve got beyond the same to you, to make, decisions together. Major decisions and be fight about it and and you a practice that, to this day it is the recipe to a great marriage increases communication. Communication. It increases

intimacy. It increases the probability rebuilding well boarding gather your not roommates. Once you put the finger in the ring- and you say I do this- is that I am shut or all going through challenges and our lives.

An impact in ways we ve never anticipated. This is why I talk about term life insurance every day and for those of you that haven't taking care of this for your family, I'm not sure what you're waiting for companies have started raising rights. So the smart move is to get this taking care of right now for over twenty years and through all the challenging times, the only company I have recommended who gets the job done, Zander Insurance, their team will shop. All the top companies find the best rates for the coverage you need and get this done quickly. Gotta Zander Dotcom recall eight hundred three five, six, forty to eighty two

Wayne is on Twitter half day room. What would happen to the economy of everyone suddenly started your plan well First thing: if they suddenly tire population to snap your fingers, stop borrowing money, it would cry, our economy Our economy has so much banking and borrowing run its running through its veins However, that's a hypothetical philosophical question that couldn't actually occur. What could actually occur in good actually occur. Gradually.

More and more people become wise and to stop borrowing money, so over a period of time, We wouldn't have as many banks and they would mean early, is profitable the ones estate open because less and less people borrowing money, you, and I know that there is never a case where the hundred percent of the people, which not borrowing money, that's impossible, even prohibition herb shuttle people didn't go drinkin. You know me just it's impossible to get a hundred bucks People do anything shown, but but more reality than theory here, so real issues that if we could move more and more people away from that, what happen well, normal people prosper as individuals and families

because the less, if you, if you don't, have that more money to give more money to invest, show charities and ministries nonprofits would be better funded by ten or a hundred exe as people move away from that, because giving and generosity increases when people are dead, free, say things and investing would increase, as people are that free, means wealth, would increase among individuals, and so could slow down some of the disparity between the richest and the poorest. Saying that arise, worried about wealth, inequality and all the left. These are all free now about the wealth, inequality, wealth, inequality, wealth inequality that will start to go away because one of the things magnifies that financially is the the house

our building wealth and the have nots are building debt it's it's making the poor, poor and the rich richer is rich. In that another becoming. They are in wealthier. On occasions, that's how they became wealthy. The millionaire theme our confirms that and so what how the other thing that would happen as debt has destabilize the economy made it more volatile, everyone's living on the hedge living on the bubble, every time there is a little wave that comes through something scares me: slow about it. Crashes, entire segments of the culture, but if a wave comes through and you got a really nice boat. You kind of smiling, rather wave meaning that you don't have any dat and you have a big emergency fund. Economy slowed down a little bit Cause you to shut up

Oh and by the way, business would prosper and there be more jobs. What well just think about it. If you, if you just think about your life in your home. If you are percent, that free mortgage and everything. I knew you to an emergency fund and you, Making good money do spend more money. Yes, you do what you spend your clothes nicer, close vacations. To eat. You save more and you give more because you have more, but you also spend more because you have more. I spend more now than ever have at any time in my life, but I have more than I any time in my life, but mainly ten, you had five million and net worth. And you had a zero dead.

And you had a hundred thousand warrior income. You spending more, and so, where do you think you're spending that you're spending the local restaurant? So if more people that more people spoke like we're extra? What would happen in the world will it will prosper, would have. The local hardware store, I would prosper. The overall economy would prosper I even explode because spending would increase. But when spending increase based only on consumer confidence that causes the consumer to falsely b, confident and therefore go and borrow money that further d they the economy, even though gives a short term spike to the economy someone gets all cocky and is willing to go but put money on credit card net and want to go back we can't afford put on payments and well by virtue of the can afford put on payments because they feel so good about everything. That dropsy economy up, but all borrowed money,

What goes up must come down on its borrowed, but if it goes up you're spending money that you actually have an whole bunch, did that simultaneously over a ten year period in the economy would boom all of that to say that this debt economy at the- a level with the federal government borrowing like their drunk, I mean stone. And you borrow unlike you're, drunk like your stoned on car. And student loans and furniture, vacations and all you the economy when you're doing that, but your falsely driving it because it's it's it's a shell game. It's a house of cards and it's gonna come down what goes up I'm down when it has do that. But if all of that state It was done real money, meaning not borrowed money, you would, The economy increase your ship spare the increase you'd see in.

Visual wealth, increasing you would she church by giving increasing, This is what would happen if people move towards gods, ways of handling money. Which, by the way this is not my plan, the gods and grandma's your family money? live on less than you make live on a plan. Don't do get rich, quick, avoid dad Have money saved by things happen He saved for emergencies, have money saved to retire I have money saved to send your kid to college. Get out of that. This is all in the Bible all in your grandma's common sense. So it's not my plan, its gods and grandma's ways of handling money. It's common

some biblical finance, and it worked. So if we gradually get people to take steps that way. If you could just get your whole church to do any changes your whole church, which, by the way, churches are doing it where they take percent or more of their church through financial vision of, if you just get a whole town to do it. If you can get a segment of the population to do it, a certain people, a minority yea a region. You would see that group prosper that's the answer to your question, why what would happen to the economy of everyone suddenly started doing your plan is now modeling Scotch grandma's ways of handling money and they can't do it suddenly everybody wants. Nobody wants, no sun, anything suddenly, not three hundred million people, but gradually. Over the period of a decade, but what happened would be increased prosperity,

same thing that happens to individual households when they get Written plan called a budget so that they get out of there so that they can save and invest. So that they can be obviously generous and higher quality life and become wealthy. That is the plan, and I don't know why it's it's not appealing to everyone. I don't. Why would you do that? You don't want to win they really are when you do that, Children out there in adult bodies, adult

your buys a plan and for children do it feels good. One definition of maturity is learning to delay. Pleasure tat would require that the culture become more emotional. You personally, MR and will join the other direction actually charged about. What did it never been? This is that evaluation

Ramsay solutions is where this common and here, where an avalanche, Jersey and the Miller, predators country support that I, like the prince, still I like better days ago, Zaga by the welcome good to have you think you are passing year from Denver? Yes, ok, there we go cool and all from the inverted there you're dead, free screen, that's correct fund, whose a young man you brought with you my nine year old Son. What's his name Isaac Eyes, Welcome Isaac good to have you, Sir, well, man. How much did you pay off a hundred

two thousand, while how long this take bout, six and a half years, ok, cool and your range of income. During that time, the majority of it was about forty to sixty thousand and then the last two years been about a hundred and fifty well what happened I got a blessing. I got fired and then started doing real stay full time, but they are having to join you in your hands on your money right. Sometimes it's exactly. I worked so you shall rose. Stay for Linux, yes, are good for you well done so what is this hundred and fifty thousand dollars that? It was a car credit card for a one Kalen lawyer at my house. Are we paid off your house? Yes, our allies data or the paid for oil, gas unicorn that's a year and corn right there, man for sure well done, do well done so tell me story. What happened six and a half years ago to put you on this process? Well, it started about. Ten years ago I was have

son and I and I was working and that's when I started real state. That's when I listened in her and I at last, a job and the market has started to turn item two places. His mama one we combined and render stop paying. So we claim bankruptcy. Couple years later, the marriage wasn't going great. We were legally separated. I was living on the couch. She was an upstairs and then I came home from a double one day and she taken my things in my son and wouldn't let me see him and man I was broke like ours, like spiritually, emotionally financially just broke on every level, so got a lawyer and got emergency orders to get my son and call my friend, whose Under the media, a lot better than me- and you just kept saying

You need to listen to day, Ramsay bought me your book, it sat there collected dust and then he would stop talking to me until I would so I read your book and then I listen to you every day in that really just be begun while for human or begged, In six years we ve been through a lot tat, very cool, how's. It feel now be on the other side of all of this, with a hundred percent dead for a man, it's it's amazed. It's a real, it's unbelievable, it's gonna call I'm gonna go up as you don't need money now, that's right in don't you know, cause assailed, personage hungry, I smell bad, it's just just changes, your attitude change the way you walk good for you. Man can go regulation. So what're you tell people the key Turning everything around cause. You turned everything around, but I'm in get the getting out of that one of the things I need to do to get out of that deadline, stick with it

does this not a straight line by any means? The budget? I had a great lady help me with my budgetary actually is endorsed by you Linda by the budget and stick with it gotta, keep going, I mean it's very hard bone you're by yourself into going through all that emotional turmoil with a family and everything you do fall off the wagon under yes and that what what enabled back on does not be born; they try and unworthy fall off and they never get back on what how'd you get back on you just gotta keep. And just baby steps, and then I guess kind allow yourself to fall off overhead, but just get right gone nothin's. Banana forever, except except when you quit. That's right, that's well done, Very well, then I love it regulations very cool. What was the hardest part for you, well I've read your book and I'm really

No, you is there an easy part of fair point: it's the price to be paid the price to pay the price you paid. A win is never an easy brush in anything How is it- and it's always a price, but it's always a price worth paying, because when you get there you're like yeah, I'll. Do it again I'll do it again Well done, Sir proud of you would get a copy. Chris organs retire inspired book for you. We want them to be the chapter in your story that you become a millionaire and outrageous a generous along the way now, as Mr Isaac learn and all the stuff along the way. Oh yes, very, he has to mandatory love, it's all right. It's Brian and Isaac from Denver Colorado, one hundred and fifty thousand dollars paid out in six years, making forty two sixty to one fifty counted down, let's era debt,

screw three to one where Well, sir. I just awesome, while freak all AAA eight to five five too, Five Adam is in Indianapolis Adam. How are you we'll find, how are you Dave better than I deserve? What's up? Yes, things for TAT This phone call I've got to that's right now. One is a mortgage that I have. My home and the only did. I have was a personal known. My father had offered to me when I had done it trouble you pay for my attorney and so I'm about half way through paying off that personal alone and just kind of training

just to where I should be. You know I'm saving in spending my money in terms of paying off my debts that you that I have left should I pay my father furs? Yes and more about the mortgage. The definite only were definitely clear that ok the reader. I ask this because for me it's kind of like the monthly instalment is always a good reminder. What I want I have done and the kind of keeps me and check a little bed. He also is mention numerous times. Do not pay me back. He said that says I didn't get married, my own other siblings did. He would just give it to me the wedding present, I just dont personally feel like. I could accept such a present. What's the Bowery? What about so? Do I well thousand five hundred, and what is your own

let us say I'll get a disability through the Ba. I was I, sir, the answer came out a different person, and so I did 3000MM about take home from the Vienna thousand from Social security and then again five hundred a month from went out a my house about forty five hundred dollars a month, not entire income, correct are you are you planning on engaging in a career in the future these programmes. Here I keep going back and forth. You know with getting better my recovery, and so I think it's just can't take a one day at a time. You know I would just right now not be able to me. If I would have meant we not now. I can't work in the future that kind of devastate me, but by means of legal, but I have in the future, will thank you for your service. We appreciate that and I would call

Your dad dad and then when, if he wants to in we do it is this. I will just keep paying monthly payments in there and save up the money to pay off the balance at all at once. Would you have about twenty one thousand dollars and savings right? I'd call dad called then say that clear this debt today, ok and there's a possibility- he says: don't I'm just gonna, forget it either one fine with me. If you want to accept the forgiveness of the dead and he wants to do that because he's as he said, four weddings and stuff on the other side, that's fine! I don't think you do anything wrong in your recovery to accept a the forgiveness of that. By your dad god you're you're doing all the hard work to stay, sober and states right into other stuff. You're doing. Ok, now you do end up writing him. That check. I want you to keep a copy of that check and I want you to frame it and hang it over where you pay your bills by your computer.

So you see it all the time you wanted that monthly reminder I'll. Just hang it right there and let you have a permanent reminder and but I wouldn't just keep paying payments. As my monthly reminder, I think you're better and you're in better shape than that. Let's get rid of this dad one way or the other right now. This is the Dave. Ramsey show

thank you for drawing up. This is a day Ramsay we did. You live on less than you make a conscious Congress certainly cannot grasp. Asean is whether in Oklahoma City Hygiene, how are you are you better than I deserve? What's up wondering I shared by half the current market. Currently my wife and I renting- and we just finished baby, said three

you, don't have the down payment say that you typically thought what are we have never bought out before summer. Sometime do people? Were it ok to go ahead and by yeah I mean that the trick is if you're, not gonna, put twenty percent there? I in your case and if you're not a first time, if you are a first, I'm homebuyers, that's not unusual you just know that you're taking on P m, I private mortgage insurance by not putting down twenty percent, but you dont use your emergency fund is your down either right oh you know, got a ninety five percent, conventional fanny may alone. That's what I would recommend or less where the payment on a fifteen year fixed is no more than a fourth of your take home pay I dont, yellow, over that in your situation. But you don't have a five percent down payment, that's your minimal may that that's a minimum leaving get in the deal here the only way I would do it but

even then, you know that you're taking on P m, I am part a hundred thousand dollars borrowed its, but seventy five bucks a month so Really you know it! You can be given them a lot of money for that you don't want to get that thing paid down and get rid of that p m as quickly as you can once you jump in there, but I regulations on getting the baby step three b. Leases and Palm Beach Florida high LISA. How are you How are you better than deserve? What's up, I took your car.

Pray, sell a ship and we love your class. My husband- and I think you were well sure I know we are fifty and fifty two and years ago, before we knew about Day Bramley. I bought universal life, a family member out, and I know now that you're totally against it. I am married to a smoker for almost twenty three years, who was almost not a smoker and when I looked into getting term insurance outrages- and I know I paid a ton of money. I pay due eighty a month for both of us for life insurance and I just wondered we are on baby step five and I've kind, a banked on the cash value because we have about a hundred combined. Should I take that money out before my son, who the junior and high school to go to college, or should I take it off and pay off, take it out and pay off the thirty five thousand we owe on our home. That has a value of about three. Fifty probably do both

what's your house now I mean that, thought income is about a hundred, but you said your there's: how much in Kashmir? about a hundred combined. We both know about fifty thousand. So if you, if you got term insurance implosion out a hundred thousand dollars in your hand, you pay off your house, you still gets, if that is not in your hand, right, but we don't have term insurance man launder slam if you did. But the point is that sixty five thousand, I will take your that college right. Absolute length, actually audible do bow with this. What I was saying, ok olive and pay off your mortgage and review thousand algerian I'm any debt in the world, you can help cash flow college. That budget, if you can the little short on that now term ensure then the question becomes what is the size of your nest? Egg, How much is in your for one case probably about two, fifty so you're, not quite of insured. How much has the floor value of these policies.

On him like, like. How much do we know the benefit but pal to pay in fifty on each of you, yeah, ok and you'd you price term insurance for two fifty. I have not ok am I don't? U price for Well, I guess everything I kind of Dan on say under it looked like it was going to be a whole lot more than, but you plug in and more than two hundred fifty thousand yeah. Ok, my point is: if you go back just for just for math comparison, you're gonna! even at fifty two, with a smoker on a fifteen year, or a ten year level term, Robin Morn about tenure level term by two. Fifty on him Who fifty unused gonna be cheaper than your paying now Ok, let's walk this you're gonna have aid for housing paid for college.

And pay less now than you are paying for the same amount of insurance, Even though he's a smoker. Ok, Are there any penalties for taking that out? Now? her therapies for leaving it in. I now I'm stupid boy, but we ve all been stupid, get not the issue ballot behind a what I've been thinking about all along bad I've never been able to get through so it's the thing is you don't have to by ten to twelve times his income, because your bet free your kid almost grown and gone and you got to two thousand hours already saved so all, I'll do supplement that situation with another two and fifty thousand if he died today, how can you do have zero dat? Kid is colleges covered and is paid for house and you have five hundred thousand dollars. You be! Ok, we just

and to prevent children? Madame now that we want a you're, the guy with a magician among emails, I cancel the policy your letter, I wouldn't get the big the discussion with poor. For God's sakes, in the name any attack their awful I'll. Be your though, what they'll send you, some paperwork that you gotta fill out against all the policy because they want to make it difficult for them every opportunity to talk you out of it, but don't do that until you have your term insurance implies so palm Sander and look like two fifty and like four hundred I'm a ten year and that probably enough in your situation, especially, on him because he's a smoker hope at his ease almost smokers. Now, you're gonna wait! Well, you could do that, I mean, or you can just rewrite the policy later, my but a year? And then we ride after is non smoker, usually won't you It for a year you rights, go now: ok, And then two years, another time, so you look at that

but now when keep paying it its trash, you need the money pay off the housekeeper given college, all that now, let's get some term insurance in place now and cancel this garbage thanks for the call? Joshua where this in Kansas City, high Joshua. How are you, I'm gonna hurt you better than I deserve. What's up My brother we're going to start a business, so I setting wondering business you had what kind of a bit sure, you're going to start. We are going through clean up people's backyards. What's wrong with our backyard. That needs be cleaned up. I'm coming well, we are yards and light they're gonna get ok How old are you I'm fourteen are ok? Well, The business trips are fairly simple, the basics of business. Are you need customers,

and so that's marketing. How are you going to get customers and to know door to door. Your marketing acquisition plan, your customers, can plan you gotta, go door to door. And then once you ve got the customers. Then you ve got to just put together Europe, fishing plan say well we're gonna how we gonna prices by the job or by the hour or whatever and then what are minus whatever expenses you have will be your net profit on that and I recommend you go ahead and put that on a little spreadsheet or something so you actually track your business and figure out. Why you're making instead of just getting the cash from the owner for the car front for cod in the grass and then put in your mind. Then don't know what happened to it. So, let's actually tracking go hide. This summer we made this much money, the only this year. We made this much money and good to have it gives some feedback that says for this is working out so much,

I often think well not charging enough for charging too much, because I can't get customers in that case. Your pricing model. What are you going to buy the hour or by the job tracking? It? That's called the accounting. Meaning you track your income. Minus your expenses is your net profit simple a treaty do that in your situation, and then going in getting your customers and or you need to do this. If we usually that's lawnmower or whatever that fund I did it when I was a little younger than you all the way up through your age and probably learn a lot doing this good for you well done this

that I Ramsay show the middle of these uncertain times. Ramsay solutions wants to give you some hope, for the very first time ever were giving you financial bees university free for fourteen days, guttered Abraham, Zidoc arms like oh, so you can watch all if you're looking for fun,

in practical ways to save money in your everyday life? You need to check out the Rachel crew, show a podcast from money, expert, Maidan, Rachel crews, guises rights of creators, and I'm so excited to tell you about an ipod pass. A lot of you, darling. Paychecks pay check their end ass. You don't even know where to begin that they have this need this want to get in control of their money, and is that you have come to the right spot so needs episode, jeering at a time of inspiration and practical advice, if not subscribe to the Rachel. Crucial podcast makes review it today, nor more from the Ramsay network, including the Rachel crucial. Wherever you listened Abad, gush, hey, it's just producer of the day. Ramsay show this episode