From the Headwaters Ramses Relations broadcasting to let our car rental studios. It's that J Ramsay show what matters DOM cash is gaining in the pay it off home. Mortgage has taken the place of the Bmw as the status symbol of choice, Michael over on the earth. Diameter Remsen Rams your personality, Doktor John, the lonely joins us, open phones AAA eight to five five, two to five: that's Tripoli, eight to five, five, two to five: you gonna jump in.

We'll talk about your life in your money we have announced earlier. A day that one week from today on Thursday June, the twenty fifth Rachel crews, Chris Organ and I are gonna going to be doing a free. I want to have the to our lives, dream of Van called what now with nineteen in your money. Now that we ve come this far through this process, the pandemic the pandemic shut down. What now that's an important conversation to behave as it is, and this is exactly the time to act it's a different conversation than it was ninety days ago, when we said we need to give a message of hope which is calm down. They knocked each other. This is gonna, be ok. We talked about you lot, factual, your friends, quoting you And none of that is really change, but but now we ve moved through them further and now we need to say: ok, what's next

What do we do now? What now We learn from this. What now thirty June further Sevenpm? If you want to watch while thousand folks in the audience here it rambling solutions and those tickets are gone. There was a referee and they went in about twenty minutes and you just text the word control to thirty three: seven: eight, nine text, the word control to thirty three: seventy nine Resurgam, Rachel crews and me for an hour and a half to two hours, Thursday June twenty fifth Sevenpm, a free live stream called what now your friends, tell your facebook groups. Tell your friends church. Tell your financial patient. Firstly, groups every one tune into this: that's three rockstar world class mines and speakers for free, that's the deal is a good deal is a good day

but these are unusual times and we need to do some unusual things. You're Ramsay to make were there, for you, guys there's weathers. Kristen is in Wisconsin high Kristen welcomed that I rooms you show how can doktor drama help? Thank you for having and yourselves it's an honor to you you to watch up. I requested them with our friends in question. Clearly, there is a little bit and then, if you need more detail, but let you know I'm similar trends within, forgive it. I had a real good friend that I for a while yeah and we had a falling out about a year ago in she still, I still have that we still have not done forgive

How do you figure rose from her most awkward? Well, she let me buy all her like we're, both them and our fortys and her daughter has a lot of the theatre and has a bike, and I took it. A horse show in Kentucky and it was stolen. So I got home and the weak. I got home. My mom actually went into the hospital fer, a brain. He was Roma, and so I did not respond greater weight to this. I didn't teeth for the bacon again replaced the legally, and I was really stressed out and anyway she had won a leader at the bike stored or by her daughter and new bite, and I just Waller: that's not good. You know that really not reason. Or is it was an old bike

anyway is and has plenty of money in any way. Is that I did my Nepeian her five hundred dollars for like fun, hundred an hour it. Yet by similar a motorcycle bite expensive. This is a nice bike on other expensive, but this is not like ok order had what ages this daughter, fourteen Mason in the world by the mom deathly? All so? What's the what's your question lengthy this? I see them every day because the border horses that environment No, it's been a mental struggle for me, just going all bear in ignored in all night. I'll, say hello, and neither is it is

I even treated like I'm a human being anymore. I am not asking her to be my friend I just I'm sorry, I've written or note some of you is messy of you just taking sides that I'm sorry right. I guess I haven't really gotten that core thirty five. If you walk into her he walks away since it sounds like you have a choice to make right. So you heard the dramatic moment in history: we lost somebody's bike. I think it is fair to Sir Bike and now again yet what has five hour biker terror by doesn't matter how much money they

If they're million Ergic Julian ears, you lost the bike and need to pay for it, cumbersome terms with that, and of course we want people to be sympathetic to us, especially in rural times of of tragedy in our own homes. But it's like you ve got a decision to make. You gonna carry this around with you or you to take the first step and say: hey, I'm sorry and I should have taken care the bike differently. My mom is in a bad situation, added handle it right and I'm sorry indeed move on them. There may be different on whose fault whose right in my personal life, I've decided. I decided several years ago. I don't care anymore. I am not going to carry other people's baggage around even if their they should have been more sensitive to me, even if they should have handle some definite. I'm not gonna. Carry that because it weighs media, hurts my knees: Earth Marshall. It hurts my neck, not gonna. Do that, and so I'm going to go first, I'm gonna reach out and say I played a part in this separation and I'm sorry,

and oh said, handle the baronet didn't and forgive me it. Oh, that would change the language of the way you describe the story forever. If you do tat, in other words, the language would never have anything to do about now lady, but her mother carries a graduate, would never have anybody with she's got play. Money should go Bob. I never have ended with what she should have understood. My mother hematoma. We would never for separation like those again. You would just yeah. I was wrong. I didn't pony up the money as quickly as I should have. I didn't react world this and if she can't accept that, then you bet

She said it all down, but when you qualify all of your all of your apologies with qualifiers, it takes the sincerity off the apology. What you never get the universe to put the bricks down- and it is other mom called me I'd- be tell her. The same thing died. I retire the same thing. You have to say you're, sorry, but damn forget it. It's not another word there, but in then, if she still won't artery judgment, arguments are bags to carrying out here. Believe me, there simply won't talk to their rooms. I can promise you about blogging fifteen thousand underwater does this? Is the diver amnesia

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a French between houses. There said on the market when you're trying to sell a home and the ones that they sell our real estate agents, who know what they are doing and the starch with you knowing the value of a good real estate agent. It is worth it to find a high octane high protein experienced agent who cares about getting you one hundred percent of what your home is worth. This is why we endorse the top agents across the country are endorse local providers so easy, define equality pro in your area. It never pays to settle for a sub power agent, because your kin to them, God help or because there in your church God help you.

Because your friends with them now this is your largest asset. Don't turn this over to your friends, buddies brother who just gotta, is gonna, get their law feelings her. Where get the right person to sell your house, gotta die, Ramsay dot com, agent and find the real estate agent. That is a pro in your area that we recommend believe me. We have vetted them the things that people do to keep from hurting someone else's feeling. Isn't it unbelievable man isn't it unbelievable waste hours of their life? They will buy things they didn't want they wolf. Enable by insurance? They don't understand to avoid one hard conversation. They will buy a time share because they went into one of those stupid timeshare presentations and are afraid. They're gonna hurt the sky a time sheriff agents feelings the thing

We will do not have a hard conversation, the unbelievable Christian is with us in Oklahoma, I Christian. How are you we are doing better than I observe. What's up, I think you were taking my car. I'm so last year I got divorced, I'm thirty two! a single moment teacher have a two year old and so I basically and does not David baby steps to try to work through that, and I started to work insurance in trying to find that cheaper ways, but I, what are you gonna, wife and since my sign is only true Obviously, if, from the more to help to me, then he would go straight to his father. He was extremely financial. Finally stable, very good with money. I'm how much do you recommend that I take out or whatever well, anything you would need to shop and his care or want to support,

his care, you would need to take that much out and so on. If he's cared for than that, takes care of one of your problems. If one of the problems that would happen, if you were to pass away who counts on your income and those people need to be supported and shape. The good news is, it does cost a lot at your age. If we go to stand or insurance dot com and get an easy quote, there really quick and easy to get, and you know you buy a hundred thousand dollars for little or nothing at your age. Do you need to have the full ten to twelve times your income make sure your whole family is taken care of. If something happens to you know now you don't in this situation, because the only dependent you have is also dependent upon his bad answer. He would go to his dad and whose apparently perfectly able to take care of him. If you do get life insurance, his dad that your ex

not the beneficiary. The beneficiary is a family trust. There would be formed upon your death and the money goes into that in trust for that child, and you set the terms of the trust. It is not in control of your ex so educate me on that. A little did I get too, I form of trust, and then I get to say how the person is who's. Gonna. Take my my son, a daughter. I get to dictate how they're gonna spend that money on my kid out around the trust, Gonna- spend the money on the kid they dont have any. You know you could say so, for instance, Sharon and I want our kids were minors. You got minors at home. We add up our we'll stated that upon our death, if we both passed away, that

the money from our life insurance in all of our assets, would go into a trust for the minor children, a trusty that is given the job of doing what the trust says, and so we set up that trust. Then too, first and foremost to pay a monthly amount to the person is taking care of the station uncle and aunt or they would go to. And show that gives them money to raise our kitchen monthly right because are taken on the expenses of food, shelter, clothing. All this stuff forget outright medical everything, so we give a monthly amount. There was substantial, but not making the millions of dollars tribe. Then we also said that when they turn sixteen, they could pull us up to a certain amount out for car and when they get ready,

knowledge. They could pull out enough to go to college and if they are a major medical event, they could use that money. Some of the money that trust for the major medical event not. By the Uncle Orient New House, though right. Ok, it's not in their control, Guardian is different than the trust actual reality. So you you mention two important things I think support to touch on. One is if you're gonna buy life, insurance Mitre have a will to people on the will, write and have a world. They ought always have both gonna direct that money, and the second thing is when eight m somebody get separated, they get divorced and they it creates a snapshot of the other person in so right now. This other persons could with money right now, as other persons been a good dead and weak. We tended not by life insurance, but once- and

who knows what that pictures? Gonna look like five months from now, five years from now ten years from now, and so I always want someone to think as though I'm uncontrolled someone else's gonna have to take care of your kid. Maybe result that happened, and you know you'd want enough life insurance to do the things we talked about a minute ago them and arm. You know we went even further and others will be invested in these types of mutual funds. We went even further and said in a pond successful graduation from college. A certain amount percentage would be distributed to the kid and then at twenty five another percentage and we didn't hold it over. There had their whole life room, be quote crestfallen babies right, but

I've got to get distributed all before there were thirty that, of course, it all gone now, because there now once a graduate ecology, other, not minors, they're, not minor children anymore. So that doesn't that that item doesn't exist anymore. Now they stay plan is our grown. Kids will take over the stuff. We manage a certain amount of assets for God today, and they will take over that responsibility right to manage those assets. Forgot, that's the new new near the next version of that, but but in her case for today you don't have to be too Freddy about it. But you know, as things progress over the years, you're gonna wanna get some life insurance. You can do it now get a couple hundred thousand now again turn fifty thousand bucks a thirty years old of your healthy fear, not overweight and don't smoke it just on costume. It's just very, very inexpensive and Zander insurance dot com be quick,

You quote their approve that to you, the Good NEWS is christian, that you're thinking about these things that very intentional living, and that means you're, good mom, also major good planner and you're gonna end up doing just fine financially, because of that trait that you have there very, very important but you're, obviously monitoring their step, and I, where there is a divorce like this, I would never name some one- that I am not willing to be married to as the trust of my money on behalf of my child. Some one else would be the trusty now, obviously he's gonna qualified to be the guardian needs that Macedonia is a bad guy or about dad, but he didn't get to manage the money. Could it be highly you're setting

four situation where the trusty then does they can move the money around if they violate the terms of the trash they can get sued for later, these kids grow up and go my uncle freakin break the tropics, my dear you know, so you can't you know you can't do that stuff, but than pressure is penalties for getting into that kind of stuff, but I just don't set the thing up. We had a separate guard, in a separate trusty solely for managing a money is distributing them. To the guardian. To take care of the kid I like it. I like your arms links situation there, This is the evaluation,

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I like and Julia Weathers Unclear, like I always says all my screen, you guys tat very congrats how much you paid off a hundred and sixty four thousand in fifty one month, fifty four, fifty one month, fifty one fifty months or even to an annual your income average during our arioch range. During that time, sixty eight, eighty two good for you, what you guys do for a living, I am a manager ready mixed kind plant manager

and I am camped out there for a non profit organization good for you guys what kind of debt was the one hundred and sixty four worth thousand dollars? We had student loans, we had couple different vehicle credit cards a house that we were not living in after we got married. What the hell did you shall the house Actually we did get it's all. What did itself or sixty sleep, another hundred thousand in for years and three months tells the story what happened? yeah. Well, we got married and that's really what further on this journey together, we paid cash for our wedding, which set us up really well right off the bat. But of course it others that we came to the marriage with, and you know I remember when we are debating coming to make one night, and I listened to your- shall actually I figured encouraged in all before you get married. You need to talk about that, and things like that, I'm going to make him think I've almost sixty thousand

didn't known that you know with a very nonchalant, very like normal about the whole thing was like. I have doubts about what I want my house. We had a really learn a lot. We wanted at me. I haven't heard of you and tell him we ve been waiting for about six month and my God actually given me the total money make over and when I read that and I started to learn how to budget itself. On my own- and I kept saying the Michael you ve gotta read this book like it so go like a kind of part of the Romans Journey and he is like an early read a lot a book and I was like a great ethical there's, a podcast right and you like, I don't listen, the pod gas and oil and gas. We got married. My answer, sleeps, really all that shit, I'm out you formally committed those MIKE What do we find? we got married. Andrei Bavaria married. I found the class, the fight that, for you,

but more power by thirty minutes from us? My said: look about the class re like you, I thought you'd, like a sure I can do that. We find that we and the classes data budgeting together. We started off in your I've, been doing this on my own with my own budget before we got married and I would like the Super nerd go and end of, as rightly I was trying to like pinch every penny possible out of our budget every month and make was like not really on board. At first as he would go to cap breaking a budget, so we thought of a fair about you know just initially in the first few months of- and it took some time before MIKE agreed to like stop contributing to retirement things like that he finally been within shortly thereafter. The job

job losses came at a time. It was right before summer, camp of starting for me for my busy season was coming up. I was pregnant at the time and so make would like you know what you think you can we really busy comin up, I'm looking for a job right now. How about I do the budget about the cheque book. You know we ve been doing it together, but he had really but do the nitty gritty details and so that in its completely change funding habits the breaking of budget through very diligently following at which I was not perfect, either brightening even trying to give that impression, but strange for us and honestly other than alligators kept plugin away? Had a couple babies along the way, we went to a few live events of yours. The mine and Minneapolis just kind of kept us connected and motivated throughout this time here then, what really kind of ironic The whole thanks for really close to being downright, like us,

to go now and organ? So close, we know ve only got like maybe like, like another month left at them. Hit the dear with our primary vehicle to all my colleagues- and I were there dear a month before your dawn, like, oh, my God, isn't gonna put us back like we were so close to being. We were like all by the end of the year. You know like we're. Gonna get this and kind of thing: families, I can't I've looked around Here- is where he redeem themselves rightly find this a movie. I call for the family and we and we were going. We pick up a vehicle aware, traded, em, a pickup truck that. We had. We weren't you really you than anymore got more for the trade in a map of the insurance money from the totalled vehicle and when I was money left over whom the car on the way home- and I said the MIKE

we ve got enough left over that we can meet that free. Like this, men You got a lot do in fact, I'm new to us car on the way home was every moment. I love hit, submit on the button right there on the floor on the drive home tat. Really redeemed yourself. Very much down. Well done well done! Well done, man ass fabulous. How does it feel now that you ve gotten hear them vaguely leave to know that it's done from a third reading. You know, I think it is in a pattern this dirty for over four years, like it took so long in a just, became our way of life in our not going on. I doing a lot of extravagance thing like everybody, breathe now that you're free salute mainly from the budget. A budget feels a little different now, yes, it does.

Yeah I really revolved of common to do it at first universe, pay tax, but come in that we weren't immediately sending right back out such a good feeling. How do you, kids, We ve got quite a fan. We do from a previous marriage. I've got a twenty year old. In a thirteen year old and together we ve got a three year old daughter and an eight month old, daughter, wonderful, while good for you guys that's awful who biggest cheerleaders outside the two of you You know we stay the kind of private throughout the attorney about along the way we did find friends of ours, the wheel, we are also doing at enter economy along the way we, like we ve, heard

a body, and we rely on Chinese together like why Canada new thing like we do together. You know that these really came out. You had your your dirty go, any no kind of being on the villa talkin to like briefly encourage people, and we did have support from family and extended family I think that in the end we made one about like paper team drugged like hung at around the living room at every turn, like a hundred dollars, rice alike, blonde, but where, at the end- and so people would come over to our house- and we talk about actually became a huge talking point where Laura bearing my visual motivation with why we did it up. I like what is bad for you guys doing here so yeah we does. I came across

but we were totally crazy, a muffled now above all along the way, but it was neither can I find most cheerleader the wires hanging around the corner. Well done you guys we're gonna copy of Christians book for you every day, millionaires us the next chapter in your story, I got a feeling, much gonna coach. Some guys did he it is a long way or say how guy a younger dude, I'm gonna put a poem a monarch on your noggin here. If you don't get this going, you're gonna. U can build coach from Gaza up now, she's very cool plus your mom, oh dear, but yeah, because they always while you, Dr Michael Julia, clearly guy a hundred, sixty four thousand pay it off and fifty one month's making sixty eight and ninety two counting down. Let's hear a debt Why

this is how it's done never gets old. Is the Dave Ramsey

our structure of the day s arm thirty four, for I saw the Lord and he answered me and delivered me from all my fears Roosevelt said you gain strength, courage and confidence by every experience in which you really stop to look fear in the face. You must do the thing you think you cannot do. I like that good guy shut down like how many of you are about an o crap moments. Tom and twenty twenty yeah yeah thanks sure wide right, you lost your job are, were followed or thought, you were going to wonder how you gonna keep food on the table, pay the light bill. Many of you should never again, never again going to be in this situation. Never again am I gonna.

That feeling, in my stomach, because of my finances, because stuff is gonna happen. Some people are still in a state of shock, and they help getting out of this mess, so First time ever were still ninety, now we ve been giving you a free trial of the financial peace membership for food. Ten days, all mine, lessons of an atropatia inversely plus all of our digital content, plus every dollar, plus the baby steps tracker apt that you only get there all fourteen days for free. You parking it through all of importing dies, but you can get started endings. Taste, for what do you want to keep going or not? Gonna die, Ramsay, DOT, com, slice, F, p. You sign up for a free fourteen day trial, they Ramsay dot com, slice

P, you Michel's in California High Michel welcome with a diversion shock and butter John Bologna, about help. Thank you so much for taking my call. I really appreciate it. You guys term yeah. So here is my question. I often find myself be eating myself up for some of this stuff, things, I've done in the past, and I know you talk about your rearview mirror and when she old, though, how do I heard that in my view, the earth, so it doesn't keep coming up. I want to do something that I learned from David Kessler. Are you ready Michelle,

I'm ready close your eyes, and I want you to picture a purple elephant in your driver. You know you got there is in your drive, regarded in your drive. We gotta purple elephant. You drive when you got it all right, so you have just proven to all of America that you can control your thoughts. It's a choice in its decision and I know that sounds trite in it sounds easy, and it was a revelation to me a when I realized that I get to decide the What's that I ruminate on and I get to decide the thoughts dad I dismiss

It was also a revelation to me when I found out you can get addicted to stress hormones and you can get addicted to the chemicals that rushed to your body when you have shameful thoughts and self hatred and self loathing that can be a chemical addiction that you get to work through, but at the end of the day you make a decision on John beaten myself up I'm going to treat myself like. I treat other people in my community. Do you often Michel mischievous do often talk to yourself in a way that you would. Bob somebody knows if you heard them talking to the lady the cash register. Oh that way to look at it yeah. So here s what I want you to do starting today right now, I want you to start being nice to my new friend Michel. Could she has courage and she called into a couple- a dude she's, never met and said help and she's got strength and she's kind, and she did some done stuff like we all do

and storing tat can be nice to be nicer to her than you were the lady. The cash register, for goodness sake, let's go I love that picture. Most people talk to themselves. They wouldn never talk to anybody else. There just mean to them. Yeah right on its true, and I- revolves around the stuff we ve done. I mean I made a brand out. A much deeper I haven't got started work career based on most of our day. I've got kind of got closet, stapled shut the skeletons or bank into get out rights yeah or or on Michel, and I think it's when you decided not being addicted to the to the chemicals that that foster mother when I think about the dumb things I've done and will start treating myself with the same dignity and care that a treat everybody else and then I'm gonna start taking owner

but my thoughts, and I wish it was harder than that. It's not sometimes we need to go talk to somebody. Sometimes we need to have a and are too or a group and our life that we can lean on asylum, and I'm really mean to myself right now and they'll just rattle your occasions. They will stop it cause. I like Michel right, but I need it's that indecision moment, I'm done being rude myself, though. The ugly to myself can control my thoughts and then you get connected with some folks acknowledge accountable to them. Good word good word, Morris's weathers voracious in Georgia. I moorish what's up day in that belonged basically taken Macao. Today, our pleasure for you bought up my home, their free under the mild, and I have a money market accounts and that money market account eighty battle about and all of them home. Ninety thousand dollars, so, should I take that in my home. We shall be watching

August, ten thousand, our short where you get near the ten grand Robertson brand. That's what I'm picking up on you go ahead and just wait and pay it off. When I get other team should I guess you have any other money saved youth. Eighty thousand have the Yom be have fifty hundred dollars, for my here, we need to restart your emergency phone. You don't have any other debt write. Your emergency fund should be more than fifteen hundred needs to be three to six months of expenses once it take to operate your house from. The three or six? Let's move, some of the eighty thousand in the fifteen hundred account to get there. Rest of the eighty thousand. I would put on the house what your household income, the compromise? Now apart?

around them thousand you I get the disability check the military war. You should fifty thousand five zero Nelson sixty six sixty thousand earlier. I'm sorry guys aren't so so if you said we're output, fifteen thousand into the emergence funds are now. We ve got sixteen five sitting there. I just made that number up. That means you would have sixty five thousand put towards the house and you would be twenty five short. How quickly can you pay off the other two, five maybe now muster year. Yeah, maybe two thousand a month would be a year. The I think you can do that. And that's what I would do. Yes, I would go ahead and throw that sixty five at the house today, because your interest rate on your home

higher than they're paying you on this money market plus a magical thing happens when you pay it towards a mortgage, the mortgage down and I you can't get the money back out and go buy back about whether accidental and so on, forces. You to finish the plan, if it's just cut sitting there going in that account, it's a little bit tempting but scary people do weird stuff and I wouldn't go there so yeah. Then let's go knock out that other two thousand a month in a year from today, you have your home and everything paid for Maurice S, pretty incredible. No, I'm smile and right now, just because his whole life Maurice your whole life is about to be different. This is very cool. You got it, nobody nuthin mean and how the house violent. When you remember house payment

They have any payments anywhere beholden to no one. It just changes the way you breathe remain it. Does it changes the way you walk? It's. It's amazing changes how you negotiated changes, how you look at your work, your relationships, gesture, is everything. Slavery is a real thing: the borrowers slave to the lender and that's a real thing. I mean in say when you're not a slave anymore, because you're not a borrower anymore. It changes that so proud of admiration done a really really great job working on this and obviously been savour, piled up this money from somewhere and you die really really nice job credit regulations, John Great job, but I doktor John Bologna, should let me join you again. Love sit next year. This table thanks for Hyaena, we love, haven't you here. What's a sour that IRAN's you show in the books, thanks to sack Bennett filling in for James Childs this week and Kelly Daniel our social producer and phones greener, I'm day, Ramsay, your host, we'll be back with

before you know it in the meantime, remember, there's ultimately only one way to financial beast and thus to walk daily with the prince of Missus James Giles producer of the Dave Rams show on your smart speaker. You can add our skill by saying Alexa open the Ramsay network. Still from there. You can listen to all our shows acetate money. Questions like I do. I invest my money or what is the debts noble, find out more Dave, Ramsay, Dotcom, slash marks ever look

for fun and practical ways to save money in your everyday life. You need to check out the Rachel crucial upon cash from money. Export, Madonna, Reggio, prove guises rates of crews, and I'm so excited to tell you about my party: has a lot of people are living paychecks paycheck their end? Dad? You don't even know where to begin that they have this need this want to get in control of their money, and if that's you, you have come to the right starts. So each emphasising at a time of inspiration and practical advice, not subscribe to the rates of crucial pod cast it makes region. Today there are more from the Ramsay network, including the Rachel crucial. Wherever you listened upon, gush, hey, it's just producer of the Dave. Ramsay show this,