On the borders of organization, should broadcasting from the dollar car rental studios, Ramsay, we're debtors, DOM casual gaming and made all about border treasure taken the place of the Bmw their status, but he only all Ramsay Personality number one by selling author of the book. That free degree is my colleague ocean today I am, they ran through your host. Thank you for joining us, open phones, AAA eight to five. Five too. five, that's AAA eight to five five to two,

I've. U, Japan and we'll talk to you about your life, and your money more risk is weathers, Marisa, isn't Portland Oregon, I'm Orissa how're, you engage! Thank you for it. in my car sure. What's up so my husband by a life insurance policy. Before we were married and it's one of those the seas where he paid into it, and then it had some sort of investment. So I'm it has. A thirty thousand cash out right now and since obtained to other policies for him by our way cheaper per month and give us more in life insurance, sick of thus the ten times his income gap term reassurance from others. Corrupt good. My ear gathers one day is two hundred sixty seven dollars a month till I had actually stop paying on it, but we still have this thing.

thousand cash out, and so I had talked with an Edward Jones person. I was thinking of putting it either and then I re or in our kids college funds, but she suggested transferring it over to a long term care insurance policy born. How old are you gas? Eighteen, forty two, you need a different role. Can I get rogerson area? Didn t I didn't sound write to me and so I'm running from commercial unit, Amu Broker ok, fell that is a day there's, don't their long term care insurance, nursing home insurance, your chance of using that before sixty years old, is almost zero, statistically brain I'll catch you Bite into your sixty, but if your sixty of unless she got ten million dollars, you buy it. Ok, ok, now, having said that,

our two types of long term care insurance other floating around originally when the concept came out and it is an excellent concept to take care of nursing home above sixty simply like health insurance. It is monthly premium, You get sick, they pay your hospital long Karen church? premium and if you need care in home on your policy pro for an home care or go then rushing only partial provides for nursing home. They pay the nursing home right. That's You bet you pay and they pay. That's. They thanked the new or kind is worthy this time the insurance business starch bundling something you're gonna get screwed with the x, option of bundling homeowners in car. You do want to bundle that, but everything else you're trying to bundle investments within you're about to get screwed long term care is now start selling a product like that crappy I've policy you're getting rid of where it has an investment element to it, and you can

a bunch of money in it, and then you never think about long term care again, and so this for agents Tron take your thirty thousand bucks import and when these whole lifetime long term care policies where you're going to end up front payment and your body screwed right that's? What I'm telling you not only dont, do it but run there's only one reason that age. I would recommend that our two regions and one is they can't add or to their crooked because it's a bad, it's a bad, bad, bad product. I can't add, or they don't know, or they put their commission ahead of you watch for you? You don't need to work whether may more meat. let us not because the brand you mentioned, I'm not mad at Edward Jones, there emphasis at almost every company and you run into Adolphus. So the. What should we do with the third? I was, and you cannot roller to an IRA. You can get out and invested, but rather belong to whole I've life insurance is not pre tax. You can't row it too, and I know you

get out in invested in em in mutual found in your name or you, gotta get out best of mutual funds for kids college and I don't know, have torn out or something which is probably what I would do if you're on babies have five you'll get a decent writer return that way. Ok, we have not with the only that we have left the house. That was the other side as if I take that out and thought about how you sort of trials resorted to kids college, but you don't, even though their return majority do in fifteen percent towards retirement right right, de my house gap, will go ahead, they invested into got you your kids College fund, not a whole lot. That's one area that leaves us locked on so we hold up. There are eight and eleven I would do. I would click smart roster, Pro Diver, Edward Ramses dot com, Ramsay solutions, darker and you'll, find they d more investors, their shadow, you there and I got Russia. You crap like this. They do stuff the way we

each year consistent with that and with the heart of a teacher where you understand by well. Let me tell you this You have a really good nose cause. You smell the rat, you know, stinky, the rat was smelled rat and you something didn't feel right. Loan, and I want you to learn to go without feeling. That's a really good feeling. Listen to call the whole perish beacon to absolute and got gods Conor whispered in your ear tat. If it feels funny, you know why cause it's funny, if it Those weird you know why cause it's weird swipe feels that one and we need to trust ourselves in that continent, especially when you got a good nose for like Marisa, does get very good stuff. I Anthony must stop for a second dollar class on land. from care pulled out my cheap cheat here. Ok, I need to get that to the house claim. on long term. Care is four point. Two years

So when someone goes into a nursing home, they on average pay four point two years which means a whole bunch, pay less time her watch by more time but the average. So the chances. Are you paying a nursing home for ten years is almost around the world and a lot of people do go in and a year to your three years have passed away. Yes, sir, but four point where's the average seventeen percent claims are all that was more than five years. Wow show four point: two to five: it gets of eighty three percent of the people, while ok show, if you Five, your policy, Europe probably ok. Yes, like eighty seven percent. The time is ripe, in other words statistically show, That's one thing you look at you do always when you're getting long term care, wanna get an Inn, Homecare feature, because can get in home care many times cheaper than a nursing home, and it's not unusual for the quality better, because it's like having a personal trainer instead of being in a white class with a bunch people right now,

you got some. I write dare yet a nurse common in check and on your honesty that hope, I look for that done Look for an inflation kicker, the kick up as the cub, picks up a little bit every year, but the cash picks up a little bit every year. And show you need to get the term what long term life insurance? Unless you very high net worth, and you said ten million. by that I mean you can be five. May it if you like, the bottom line is: do you wanna do of the cash to pay for the nursing home catch out of pocket, Sixty years old and before Chances. Are you going into a nursing home are like point o something per it's almost nothing but air. a day you live after sixty. It goes up now. I've got

hundreds of millions of dollars and real estate sixty I'm not by a long term care assurance right, well higher and urged to take care of all day. We goes out of his head and somebody who take care of him. I hope one of these people around I'll make sure every day, so I might get accused of my rather than later, but it is a vital part of financial planning only after your sixty, we strongly recommended at that point for most people setting. This is the ram she shall. I get part again calls and emails all the time from people dealing with the launch of a spouse or parent many of them can't even grieve properly, because it

stretched about the money? This is exactly why you must have term life insurance. You cannot leave your family in the situation, but the team of Zander Insurance help I've trusted these guys for over twenty years, and I know they are carrying an professional go to standardize com or call eight hundred three five. Six. Forty to eighty two, Well done with around three show real meal rooms. We personality newborn by showing all through the both dead free degree, is my coach debate. As we answer your questions about your life and about your money. Jarrett is whether, in LOS Angeles Hydra, how are you I'm going Mr Andria doing better than I deserve. What's up sadly my wife and I found you, got a little too late

but in December of twenty twenty, are we got into a police? when I get out of their internal, you we're on baby step the two The problem is we have we put all of our savings in got down to the downloads of emergency fund towards our debt, the pay off credit card and one debt. So now we at least now I see that we should get out immediately yet weed The next steps we should take on board gather up some numbers to ascertain the damage to the fore number. Is you call the fleece company and you ask them what the early by out is, which is I don't like your pay off for today have already done that. you, Sir Thirty, eight thousand sudden body. Ok,

and so this is a long term fleeces our vivier behaviour three a three year: ok, thirty, eight thousand Have you looked up the value of the car yet Yes, it's a chicken! it's late. Anyone Katy actually daily in halves. Can I give you- the values are looked at a twenty twenty one. Twenty twenty two handed out to see the twenty Twond unified, traded in study for a ban on. If I go private party there thirty, six thirty eight, but that from now on. Hypothetically, if you could children individual, then you could probably get out I've whole right The seller for thirty eight and you can give the fleece company thirty eight and they give the title to you. Then you ve, you're dealing you're out right Jesus and that's that's there. That's the goal here, that may be tough, for two reasons: one is it

in brand new and two is promoting about Brandon Cardigan by brand new car. and too is a very expensive car, because it's enough forty thousand bucks an hour the boy around forty thousand bucks in their pocket, buying off a craigslist. when you get another moving. When you get much up above twenty something you start to get a little bit less transaction private sale. allow these transit lodged transactions dinner dealer of some kind involved. Ok. So, like you probably a dealer to pick it up for, like thirty thirty six might be right. Yes, couple grand and how what your household income in thirty eight thousand? Let's go While the one thing I would know to do is to stop the start, that's snowball temporarily and pile up the cash to get out to get this transaction done, and then you figure out a way to get the car soul to some one for

somewhere in that thirty six range, hopefully input. You running car, obviously and slowly as if we budget five thousand or whatever for a car, and we need for this. You need ten grand do this. It's gonna take you couple months together, upright Yes, I have we ve got a day and which are already was humbling. You bought a menu bar, Ben LEO Vans, the hand, odd It's not me, it's not your crucial show you one! She likes hers. She can chicken beyond a salesman. I'm telling you it's not what you got no Yolanda. How does he want in a video. Yet I was out odyssey, yeah sure. Are actually yeah

I thought it was thought it was so anyway yeah sheet. She thinks it's a best, Carson sliced bread, but yeah. Just looking you add me, it's an old thing. You move into the van stage of life. That's a tough money, a mid life crisis, look of replies to happen, but our society. Where, aside from that yeah, you not a figure which replaces thing now how much debt do you have other than this? at least we have managed to judge what is that still allows we got syrup, Baroness Ashton has learned, so he lack and then he launch more that less than half your annual income right. Yes, yes, we're looking at a hundred. Thirty thousand bucks and you make a hundred and thirty and if you could be dead free in two years and keep the car that might be a possibility to just keep pay in the fleece

till you get free and in what you get free pay the fleece off early by it all out for yourself and keep it if your wife, the car and you are thinking the vanish cool now familiar, where a treaty tree like a car dat didn't sign up for this thing? Ok, for a lot of reasons, but but but you're there now and getting out. I was gonna call shit, ten grand out of pocket in in a reply. my car minimum, almost seven thousand dollar vanish, I'm gone, and We ve got this really high income. So what kind of trajectory azure income on isn't gonna shoot up from here? I'm telling you to raise this year. We were thinking given that at least because national states and getting a cheaper art girls I told you, I'm gonna buy this guy. We're gonna get something that we can also long. Time only eat something, keepers, you wanted to see you

I'm not blotted out as it. I was trying to figure out a way if it. is there a scenario in which you keep. The thing is what I'm trying to figure out, but now that you're there, but but if you want out over that's how you get out of it, you gotta pay the difference in what is somebody I'll give you and thirty eight years, Then? You ve got also have on top of that money to get something to drive so what are you driving have a paid off toward the camera. many kids. Do you have we're doing He would start to relaunch. so you're into another used van of some kind writers. Suv right! Yes, you can. Will you you can do this, but to buy a nation of van that it, because this is Niger car that it becomes It becomes her car because the federal always Mama gets a good car I'll just by deciding how to get the data so that, Some ten thousand dollar move here,

So how do we aquaculture together? Turncoat? If you stop everything stop doing that China should there I figure. We learn that I eat too much so desperate that, although naturally not a financial them too much our italian animals and why they lead me to juggle donors. But once I got to do with money, ok, now you're gonna pull together. Then you can. darlin chicks not to let you know that you can do it in three days. By the same, you make a hundred darting right. How much this fleece payment State aid is a small business owners, won't get seven, ok, good, good, ok, yeah! tightening budget up and will cause a quicker. You get this thing done, the faster you can get started on your debt snowball without the five hundred come on out the faster I'll be out of that and so

if you're ever got turn up the heat, two white hot intensity. You know bluefin level by the EU will be to get rid of the Van Cause, a banned by the way, the faster you get rid of it, though the day words conferring I mean wait! Six months as cars, not on bringing order would bring today threat here. We need to get others think Pronto, as a matter of fact, you have the ability to borrow the ten thousand. I probably would do it and get it done. Could you From thirty eight thousand down to ten yeah yeah are we going to do that if you can find a deal where you do a trade in and walk out, whether usable, seven thousand dollar van and you the three, and so we have a tender more alone in that car dealers set you up with a low Caroline. I do that deal. That's moving down in that Can I go down I'll see you in a lot of car bunch, but you're gone from

but you don't. You couldn't get much. Only five percent on this from forty to attain make up at them outright Osama party going you right out of the regime?

but he only around three personality. Newborn bacilli author is Michael vote today in the lobby. Ramsay solutions on the dead, free stage, Jordan and natalie- are where this guy's our yeah great hurry. You welcome. Where do you live any figures? California wow, but of a trip to Nashville at times to be governed in California,

it's nice to be here and bring her back like we're. Martin walkin around, like normal people, like normal other gonna, let you back in I would be the worst thing if they didn't how much doubt of you guys played off we pay. Three hundred fifty thousand dollars how wow, however, that take took three years and three months well or years and three much way to go and your range of income. During that time there was to seventy two three, ten actual, what do, for a living Journeyman Lyman Mistake her mom for your work and all the time. Marcher lots, thirty or forty hour lots a lot hours you being taken at man while she was an apprenticeship to do that, absolutely others. At a five year apprenticeship, I went through and became a journeyman, ok you're, making some there, but you're working hard. Yes, sir, we love it well done! Well that what kind of debt

the three hundred fifty thousand our house, you pay a principle that is better than my older. You two and twenty nine and thirty one where the house, with Bankers- Male California, drop as forty a credible guys war. That's all some so tell us story, what inspired you to do this it started always before three years and three months, my parents got me Total money make over when I was twenty energy. started. Workings actually making some money- and you know, got credit had a car alone, and I read the book and adjusts I stopped all that and then we married and haven't we no consumer, there thou point than we bought a house that we stay. For a few years and then Don't move into a house that we'd be it for the next?

twenty years or so until the kids are out of college and everything in and bucket said hey with we don't we don't want any of those around for our kids in and just now those vessels, as we possibly could show the jump from two. Seventy three times that you just taken a much overtime hours at your normal increases, Cs I all over time, even this upturn, that's away more than my base year now I just was working all our general law. That was already just work and work and work and how many hours a week reworking during the three years it average- sixty five, but two weeks or eighty, a hundred- and you know some good. by long hours right That's hard work to amend this. That's not lush, not eighty hours should neither they ask climate climate, poles and towers and like the rain and the fires out there in California, so those little it can get dangerous, yeah yeah! I can, but we

we gotta get training and I'm pretty Yet what idea like that for you and you have paid for yes, Sir Watchers House Worth five, fifty That is something. I am sorry, Mr Andersson, here just I'm looking at millennials and Obscene, how she's holding your hair reeled type brother. Since you got a good looking man who paid up the house. What would you say as a young couple was the hardest thing throughout this journey? I would the time that we had to sacrifice without Jordan they're, just me with the kids and yeah, can't you got me, have three kids ages, a sex and one are you: are you are a big job to cylinder, journeymen, mother? That's pretty soon I mean he's gone. I may he just got eighty, where's my age, not there is there to sleep and ban leave again Leah, while

So I am sure that when we start this business, she was a single mom with a husband. How does gaunt or can lock your work? And you know it was but about three years you know about something you did, but its citizens its citizens to have trajectory that we never went back to my cousin, I thought that the momentum you create fidessa slingshot for decades into your future Well done you guys so ass, you feel they have no payments in the world a frequent thirty years. All that cereal, its awesome too, like I love what I do and I really enjoy working that not that much you know so that rings now and I like We have dinner plans are work dealing solely with the kids, like Others hang out the family. Now you know it's been its assent. a blessing out of any burden of

any kind? You know where you were taken everything before everything was the guy fate if they needed. If the power was out, they called me that simple, when you're sitting down which case when they are twenty twenty one years old- and you too, then why to avoid? what would be that reason? Just because I just rob dose of the time that there was just be together as a family, and this was an extra burden like I had all these worries about. You know I didn't I mean we didn't have any other bills budgets at another or something inside me that just did it to have to pay any one else. Besides ourselves and our future and my kids future- and I don't know

It is hard to explain how do they meddling Manly, what're, you told people too she could to getting out of that. If chess Dang focused in it for us it was. We had a lot to talk about the things that we could you, when we were done so just motivating each other and encouraging each other, that it's just temporary to push pass yeah, really ratification push through the dignity of our which yeah yeah national plan was like seven years Kay year, you know that's how we rode out and then once it. going right. Well, if we just take the and cut deeper. We can cut this time down and be done. You know just see the other signs that light and when you can see three point three years: user stretched forth average for the tape, exactly alike it working regulations were very, very proud of you you're an oppressive young couple. If you just What was the house payment? You're gonna, be wealthy. very, very wealthy from thirty two

revive I mean: that's pretty stinking incredible! So, are you you're gonna, be an amazing place in July? your family tree similar, the kiddos get the message about hard work and living on less than you make in avoiding dad, and this is how our family became wealthy. If they get that message, then they will then they'll carry it. In the new generations the they'll get it. It's not gonna be optional had for a long time Rachel Cruises book, no yourself, no, your money for you guys and I will be part of that ten mutation of this whole process, for you and it's our latest, may your Tom's best seller from Ramsay Press, so good goods our eye: Jordan, Natalie from Bakersfield, California, three hundred and fifty thousand dollars by our house everything their weird. They did three years and three months make it to seventy two three, ten with eighty five hour weeks, counted down. Let's era, debt,

three, two one where this is exactly how it's done. It's not and I'm speechless Dave factor after their amazing, the ass young couple there wine tweet, I use out, said hey within one hears elevated. Take now, there's a lot of. doctors, lawyers, it would trade income with them ass if, in their turn, fifty thousand our stood alone that yes buying them so yeah I mean this guy he's kill in it. He found a trade Annie, nose out of work or trade. Obviously, apprenticeship journeyman, and

and is more than providing for his family. I'm in the country very wealthy are made that they are very pretty incredible on stuff on the other. You're right, you're probably also happen in the event, the Rams, Asia,

our scripture the day. Second Corinthians for a clean, so we fix our eyes not on what is seen. But what is unsafe just what is seen as temporary, but what is unseen is eternal. Henry Ford shut obstacles are those things you see when you take your eyes off the gold where taxes, Taxes, taxes, taxes, these days, much too waged there, your taxes. Do you do yourself online. If they are simple or you pay attacks is there more involved because taxpayers will pay for themselves. If you got over complicated return, we are through

the offer Ramsay Smart Tax as a way to do them online. This year, fifty thousand People have already chosen to do that. If your taxes, simple enough arsenal and while the reductions, the standard, worn or if you ve, got enough make it worth your while even itemised deductions and if things get tricky and you need an extension, you can apply for that directly in the software. If you re one refund were, let me remind you, refunds or assign you overpaid they're, going back cause you overpaid? That's all refund Asia. Savings account was zero interested the government. But if you do over pay? You should get the refund your make sure you get it I will make sure you do without charging. You seem ridiculous processing thee, like the other guys, so whether you need a pro or what do you do it online with Ramsay Smart Tax will? Will we will set you up whether either way without any side? hustle. Without any side thing going on, I'm going to show you something is pretty simply help you get your taxes done text the word tax,

thirty, three thousand seven hundred and eighty nine text tax to three thousand three hundred and seventy eight at least, is whether some Provo Utah High analyse. How are you Thank you, God. How can we help syllable question for you today, so my husband looking back I'm looking at going back to school and getting an MBA while he's back in school Let me think with the kids Oh you're, trying to decide whether or not we should tell our house while he is doing that number where you re living on yeah. Sure we will be living on Kyoto. He make abound. two thousand a year, so ill be about two thousand seven hundred dollars a month. Ok, so he is not about you.

got the impression was quitting. His job is not now he's on quitting his job. He will be during an executive, NBA social people working there, the day will at night, then I'll just be outlawed. and so why are you show your house? because it would our house payment. Then be half of what court bringing and during that time, aren't I whenever we talk a lot about our authority was keeping his job. He is, he is I will be getting rid of mines. How much do you make. So why are you really really new jobs? Are he can go to school at night? can stay home with the kids, two goals at one time or trying to accomplish. He wants to go back to school and you want to quench download it's all the same time, it's nothing, do them go about. You guys. Do you couldn't job,

I'm working to make us. We don't have to do with child care a currently. I just work weekend night some going back in school, you need, time to study. Can we be the time during the weekend that he had watched from by hidden now? Need that time to be able to study? I don't think the house is a problem here. What do you think of it? I think they're trying to too much it went on. But you're, saying the red you now work at night and weakens right here, keeps the kids you dont work during the day, and you keep the kids while he's at work and the problem is him keeping the kids at nights and weakens wouldn't allow you'd working or what do you make? we probably around thirty, eight thousand what're, you dear I'm, I'm I'm a nurse I want to change shift.

Because you view either way you got daycare right yeah, the sender suspended entrusting it sounds like you really want to be whole. Raise your kids right now. Yes, yes, It is not because it the day care bill. This issue you want to be at home with your case more if you quit and come home, you care for I'll show you gotta show it then must decide whether he's gone back school or not. That's a separate decision really gotten tangled just because a who takes care of the kids at night. That's all arena got tangled up, bottom line is when you're income goes away. This is not how you can afford. That's what you told us right now, and so in your I go rent, but so you can stay on, what you're, so when he

it only finishes. The NBA does changes income automatically or just hopefully, hopefully it should hopefully changes to about what both of us are. Making current me ample how you pay for it show his work, might pay for or if not, we were going to say that chapter for it. There is a two year programme carrier, yet Well I mean the other option is to use your teeth and you hang on with fifty percent house payment for two years until his income goes up, but we do need to have a guarantees. Incomes can go up at the end of that, so I do think you're moving down and how to make this happen. Ok, the dust it's not your cause, other there's a problem. You can hit goals

but seldom can hit for my watch how the goal of this house. We ve got the goal of you being at home and we'll get the goal of him finish in the NBA right in competing with each other, because they all affect money in the house. old answer the daily. Of the three. Is the Homeownership Why you went there now, I'm catching up with years that logical? Yes, and then the next most important is the NBA or you're. Staying at home, there probably somewhat equal unimportant junior all minds both have the future. So your betting on the future here yeah, I think, down, and you get a real good, solid position and you have paid figure you're gonna pay cash, no borrowing for the NBA that might work and

I will tell you that that I'm a fan- I showed this another hour today, already I'm a fan of the E Mba programmes, I'm a fan of education, not a fan of you thinking its secret sauce and somehow this is gonna, make your future easy. It's not I've got folks on our team that are smarter than arm. Well educated than they make more money than The NBA Tsar team make. but they don't have MBA, and so it has to do with your ability to develop business acumen and your ability to go out and leave the cave kill something under I get on having letters after your name does not mean you're going to be successful. Now, Percent of success has nothing to do with that. If you're out, that's what America say, I'm a doctor, I have an mba. I am successful. Well, I'm just telling you that the character quality meat

limited broke. Doktor is one that on work, much broke as your allow. Your lawyers are Dama dozen that don't makes bit yes they're everywhere the answer it has to do with work, ethic, perseverance, critical, king skills we build it, go in the marketplace. Observe transistor bottom mean that this stuff MBA can help you do that. Yes, the knowledge can help you do that, but this out You don't want to fall into the trap that the trick that says I'll do anything, keeping you from successful driver degree if about ever goes through your head. Just yet let yourself a game, is education important, but is that what you can you from being successful. Now we all know hated fools that are broke all of us know them. They collect the agreed that they cause degrees like a thermometer. I mean they're everywhere, they're out there, all the place don't be one of those

fall into that trap. In your mind, that's what's holding you back very seldom is otherwise. I wouldn't be sitting here without an mba, this so K to get one. Not imagine that puts us our that I Ramses showing the bucks we'll be back with you before you know it in the meantime. Remember, there's ultimately only one way to financial peace and that's the one with the prince of peace right. This is James Child producer of the Rams issue. Did you know the Ramsay shows one of the most popular party ass in a world of scribe or followed today were ever listen money? Isn't the only thing we talk about around here? Get life. Changing advice on your career from my good friend and career expert can combine all my can com and show. According to a recent Gallup poll, nearly seventy percent of Americans are disengaged at work. If you dread going into work every Monday morning and you're just trying to make it to the weekend, you can call me show is for you, everyone has a sweet spot. You're sweet spot is at the intersection of your greatest talent in greatest passion. We will help you discover what it is. You were born to do and then we'll help you create a plan to make your dream job a reality. You matter and you have what it takes joined. The conversation on the CAN Coleman show here more from the Ramsay network, including the current com and shove, where ever you listened about gas. Hey, it's James,

serve the Rams issue. This episode is over, but