From the headquarters of Ramsay Solutions, broadcasting from the dollar car rental studios. It's the day, Ramsay Show were debtors. Dom cages gang paid off home mortgage has taken the place of the Bmw, the status symbol of choice, Michael those today Ramsay Personality, Chris Oaken Number, one, best selling author joining me here to answer your questions. Open phones, AAA eight five five, two to five Dallas emissary Dallas. What's up

I thank you for making sure what's up My husband and I had been married, it'll be five years and years and we are got free, accept, got how do, and I am wondering what it be wise to take out loans to start a family. So confused the other take are hopefully IVF Ochre expensive- aren't very I get this question about IVF about adopting all the time both, and I tell you I can't gov anything more important. Having children for those of us that want to have children, it's been guided, latest joy in my life, except for grandchildren and up the following.

A great grandkids you're gonna be out of a nicer to their parents, but on that, but the in our The words I think the question you're asking worryingly important, but here's the thing as you know, there are no one hundred percent procedures with ivy rat. And a hundred percent of the time, you're gonna have those payments riot great and so watch how income

this year. It was about fifty two thousand and that it should go out this coming year because I take an hour higher paying job. Ok, if I woke up in your shoes or shall I answer questions here, I would be willing to do almost anything to make ready to make these attempts. Ok, but I would have to pay cash for them, because I have a really really close friend, who has had three attempts: and one fault for attempts. One was successful, three were not and the successful ended in Miss care and early early early miscarriage answer. It's been a lot of shall roller coaster, for them. As you might imagine, if you add to that the stress of Dat worried

Your multiply or your you multiply. This did that the stress in this situation, financially, so I want you to do this, but if it was me- and I woke up in- are be- if I'd rather not be delivering pizzas, to pay for it or I'd be going I've taken extra job, don't you know, cause and get the seven thousand? the twelve thousand, whatever you plans, you're doing you know you're not gonna. Do you're not gonna twenty five. You not have now. It's not thirty. No, that's not true. There's one plans third out engineer and without insurances. You know it's, not Thirty is unlimited attempts, possibly or something like that that that's gold package or whatever, but you need to investigate what your options are on, how you can go about. This might be less expensive if we had multiple, hang on authority, but its knowledge and the guy I'm talking about not spend their

I think, Dallas to you and your husband sit down and really talking about. How important is that for each of you then. What are you willing to sacrifice to do this and I am not a sacrifice, almost anything back and and taken on extra jobs, but committing to really saving up the cash to be able to do this. One people that I remember coaching years ago, pay, three rounds of it. It did not work and they were reminded of it being on. Thus, while every time had to make a payment yeah, that's what I mean- and there were two confidently remarkable and it did add to the sorrow Dave so it's just the thing I would like big said be willing to do about anything but taken that on, and I wish you all well, as you move forward doing your research make sure you're talking to a couple of doctors and you're getting the adequate stuff, but, more importantly, make sure you and your husband are together.

Gaza lockstep on this new. But again I would cut lifestyle to nothing. I would work, I'm crazy person, five jobs and then then, if it works its paid for in its greater joy, if it work is paid for in its less sorry, that's right, but it's really add the financial burden to it, it in case. It diminishes the joy or increases the sorrow and that that's the problem So I'm with you, though, we're praying for you, we want you to have have eyes babies, you wanna, have hope it all works out John is whether such taxes Ho Jon. Welcome that I ram she shall, I didn't think you were taken, my god, I'm sure I can. We hope so dial situation will student loans in twenty thirteen. Twenty fourteen, roughly I was now we're gonna be forgiven. The bank do in some popular stuff, and I

Julie round. My credit point credit report and stole my credit for channel open accounts. Nineteen thousand dollars and so I'll, just kind of stock. The do who told you that there gonna be forgiven. They themselves. I guess there they got sued for doing so, our joint stuff, I don't even remember what it was, but I did call today and they said that it was pending, so they were on the fence whether it was gonna be forgiving or whether it was going to be. What do you have in writing the other discussion that it was going to be forgiven. No, I don't. How do you I'm twenty six years? Old or cash goes out oh automotive, and what your income

Roughly forty five, fifty here's the thing you ve gotta get every day ocean with these morons. I mean these bankers in writing. Ok because, if it's not in writing it didn't happen, though it's an illusion, and so the people you talk to, aren't there the next time you call back. You noticed that right and so there you ve gotta, get everything you your within riding, and so what I do is call him back and say I mean an email of whose handling this case email them. So you can begin to create a paper trail let them know that if they do not forgive this loan and give you official documentation that forgiveness within ten? is that you're going to turn this over to your attorney and you're gonna slew them? Could you always wanted to own a little bank. Ok, you d get after on YO, because

you, even if you hit them really really hard in the nose. Thou bleed exactly right. Edges. Keep a paper trail. My friend, that's your proof but right down the name of the person you called when you follow up the date and time get it all in writing all right and it came at all, for the court can make this job number one and it just be all up in their business until you get written document a forgiveness is I guarantee you that it ain't pending again to you. They know their screwed and you just need to remind them of that fact. This

that ever amnesia, please you're me loud and clear. The government is not going to bail you out of your student loans, at least not completely and not without a catch. What they're talking about only impacts, federal, not private loans, and you need to take responsibility for what you owe and pay your debt down quicker right now, splash financial is offering their lowest rates ever with lower rates, an extra payment. You could just find yourself that free in the next five years, visit splash financial, dotcom slice Ramsay to see if you qualify,

Early is next jealously guard we welcome, but that Abraham ship Bathing Begbie predict Michael sure, like a whale. I did so. I want to say one word: Ramsay named had gone full circle officially, my house, because near the go. My parents went through a I church. I didn't know glory and I didn't know about any of that- talk didn't care about it, but now As an adult, I have to care about it and are rediscovered you well. Thank you for sticking around. About how thank you, sir. It's always good to talk to for Greece Baby,

yeah I had so. My question is that I myself important issue here, Nashville and obviously affected by everything. And my industry is shut down. Bars no concerts for the foreseeable future. During the summer- maybe the year, so I'm actually successfully costing unemployment the terrified plus the extra six hundred which adds up to actually more than I would make of our working. I really want to know how did not do this up and save absolutely as much as I can before that one doubt boy go back to work with any pit ok, well, the young, the written plan, the bud it is always a money. Stretcher show

but if you don't have ever dollar budget loaded onto your phone jump on and load the world's best budgeting app free to use its called every dollar and it'll help you put together your budget because money that is true what to do, behaves a lot better than money that runs wild right and you just it just goes further and so You're just making choices, because your choosing to say rather than This import impulse or luxury or whatever It is even if it's a minor luxury, rather than that. I would Have the money and savings for when this runs out. And show you make these choices very consciously when you put it on a budget right in front of you, a girl. You already think in the right way, my friend where you're goin- hey you, don't know how long this is gonna last, so you don't know how much of that you're gonna need So you know so you being intentional on the front in what you're gonna do

Linda. Protecting that money from running around and leaving you, for example, case away. Maybe step. Are you all right now? I waited I wouldn't like to reach. I don't know if it's two or three that the three to six months about baby Landmark gotta got my emerging on the only that I have my car, not your credit card gallery, even student loans that didn't go to school, so I would like to have that breeders, months by life by August now, you're, not you're, not really working the baby steps right now, you're in the middle of a crisis, So what you are doing is gonna pile up cash as we would have you pay off the car before an emergency phone. It's right! If you will work in the baby, stepmother right now, you're in a crisis, you don't need to do that. You need to pilot the gauge and then and also I want you to rethink how you might use you or musical talent

the venue is it's not all, not necessarily a a hockey dog situation maybe Maybe private parties may be zoom sings for something you know about this week. Talk at a very low. How can you deliver your service you're, you're artistry. Indeed, wage. That then, in the meantime and then hopefully we will start to get back to normal. At some point, but national, coming back slower, as you have already discovered than the rest of the state, the sick Itself, the mayor there's a lot tighter. After the state has on the open reopening. So here what you're sitting in the middle of men of tat. You know what that he's up a point. Maybe you move not move, but maybe you offer your shirt outside of Nashville in the surrounding counties, the adjacent these are opening that's great

Data might be. There might be some things you can do legally. You know, under the current reopening whether the governors doing that supplying maybe maybe there's I don't. I don't know who this is, but there's gotta be some locations that might consider I need you to have it probably got some competition. Does everybody's honest rating? There were all Absalom to think it, but here's the thing as they pointed out. If, if your hours have been cut, your job has been lost, you're going to conserve mode, you pal enough money in saving it, however, things do stabilize for you. You ve got that in the savings mail. But if you were on babies, Neptune Attack and that you will just go, that savings and apply it to the dead following the order. So it's a temporary pause until you stabilize is the motion, I think this is not money. That's just gonna further itself away. We gotta be intentional, with it yeah, and so I think what I've, if I'm in your shoes, harmony of the cash Aachen pile up and the

unusual side, gigs hanging here, hustling grandsire gigs. I can get the combination two things will allow me ready for when the unemployment runs out and if Things are not back to normal by them and so that Sir, That's some really good planning on your part, so online and give the every dollar app going. The matter fact you may want to the fourteen day, free trial on financial peace University in that she went into the every dollar plus app as well and votes have you have, heard were giving away for the first time in thirty years, a free trial to financial birthday for fourteen days, so those of you around the country in the states, in the municipalities that are still quarantine. I'm going home. You know, there's a lot of things you can do with your time there and going through from entropy. Should, firstly, while your hometown fourteen day, free trial would be a good great idea did. Not only

clothes. All the videos, but also, of course, includes every dollar plaza includes the community's includes ask a coach app includes the baby steps, trackers app, there's all kinds things there to help with, and so you will make it to the other side of this, and some of you have this. Your wake up. Call you, ok, I'm really now ready to do that. I really do want to be out of that. I really do want an emergency fund. Gonna wanna, be here now time something happens in my life or in the culture. Leave me in a mass. Obviously this is a weird anomaly that were in, but it could be your wake up call are you going to answer the phone? You not that's the thing. Is this your time to change, because every time something happens to us, we get the opportunity that you know respond by saying how we gonna react to what has happened right so diagrams, calm, slash hope to get your fourteen day, free trout, a financial patient version.

And if your hang on curbing Kelly I'll get you signed up for that fourteen day for iter and show you how to do that here today by the way? So you know I go around and I speak to the rookies nfl different teams bring ASEAN and I'll do suffer rookies and better, and so a rookie, that I spoke to three years ago I'm told her money make over and we walked the baby steps, I'm just protect them, There was one gentlemen there that told me that day he was going to go to the bank to get a truck loan for seventy five, thousand dollars, but he wasn't gonna go now. He said I heard you what you said about dead, I'm gonna wait and save up ok Other gentlemen, the next year texted me the other day. He said I read the book and he me a kiss, see a he goes. I love you and Dave, we ve got an emergency fund, he's too big Dave,

wanted to kill us he's going to ambassador user he's gonna catch you, but he was so grateful for the information, and so is just one of those things where you go. You know. Sometimes you it feeds sometimes you two people and it might be two or three years later that they decide applied in their lives and I'm just so grateful they have that info or worse, but were experiencing as a ton of people that have caught a ban on the outside. Looking at all, this financial beast of luggage, zoo, animal or something, but they re suddenly got past interested and now they're starting again start Miguel Maybe this is something I wish to do

observe other people doing gas and I'm gonna get out of that? I'm gonna have an emergency fund, I'm gonna become wealthy, I'm gonna be outrageously generous, learn about investing. I'm gonna learn about insurance on target unscrewed, I'm tired of being the guy. That's always on the other end of the stick out a short end that one and people reach a point and that's why this fourteen days been so popular. You know: seventy five thousand people have already taken the fourteen day. Redraft we really just like in less than forty days come on. We got space, we got space, you can still get in there. For most of us help Costs seem to increase every year and saving money

feels more and more out of reach. However, there is unaffordable biblical option for your health care needs. Christian healthcare ministries is a non profit organization that helps members carry one another's burdened with healthcare expenses and they have successfully shared each other's medical bills for nearly forty years. Discover how c h m can help you save by this? C H, ministries, DOT, Org, C, H M is a proud sponsor of Dave. Ramsay live events thanks for joining us. America were glad your hair Chris I'll get my colleague ocean this, our Ramsay personality, Lucretia, you being here open phones, a triple like a two five, five, two to five Peters and north. The coat I paid or no area wonderful. How are you, gentlemen, great? How can we help save

wife and I only to a few- were working the baby steps one step too, and I think we ve done everything the opposite of how you teach it our learned to teach you workin on clean, not that mass gonna start with some whole life insurance policy that we have. We each have a half million dollar hole. I policy together we pay about a thousand, that's about the premiums about somewhere. He came down, dollars into their about eighteen months. In order for us to break Our cash value you'd have to go and post war years, not just what they're doing let em Groton walk away from the eighteen thousand dollar mistaken, learn from it or didn't, go to evade you don't know what you're thought the most it is a hole in your pocket. You don't keep put money in there.

There is a whole new pocket, you don't have you discovered the hull, and so would you know we don't keep in mind the bug it has got all tat. It just is yeah sorry about the money, that's good that that then I paid a lot of stupid Jackson alive, stupid, stuff including I actually bought a whole. I policy, but one asian than I had learned hardway how to do math and arm it. Just a straw may, want to realise what I had done so Are you guys healthy? Yes, yes, good, alchemy, yeah. We note the way, are, I say, financial person, the insurance agent who sold it to us. It was take out big termites, converting a whole lights and that's how you retire. Which again, I guess I know now that we're going in the right way to do it. Peter How did you cottage you get connected with with Dave? Ah, my brother

how they ran the we did a fourteen day, free trial, ok and then we had been washed and said wholly crackled, we gotta a big hole to dig out of them. We gotta start unit right away are you still in your fourteen die trial? No, can you about that? We use all tools in it. Where are you did by you? Stayed in after the fourteen days, yeah I'll get a job back in there and watch the entrance lesson again because I don't want you doing things because I said and what you're doing things you understand but you go through that whole life, a lesson in their again here. Entrance listener to see how the whole life working and what covering issues the first two to three years. One hundred and four of your money. That's supposed going into an investment goes in their pocket because you ve got zero, I value right that right. Yeah. You got about yeah under buckle, passionate. Meanwhile

You paid almost ten x for the amount of insurance. You ve got that you should have been buying and that's why That's why this is such a bad day, or so make sure you, term life insurance in place before are you drop this ok, and so it made me, take you a month or two to do this, but go ahead and get it get it in place, get in touch with Zander Insurance. I can help you do that Zander Insurance Dotcom. Yet some expensive term and place the proper amount then go ahead and put in the order and drop this. You don't want to drop it and then have a car accident or someone God forbid in the meantime, before term is issued. So you want the overlap. That's thief: a thousand bucks a month. Usual for five thousand grief. Now I mean you know, and it so we eat we want insurance to be insurance as when we talk about term, you want your info What's the investments in Yorkshire Savings, your merge, the fund to be an emergency fund and this whole

Stop it. It has a personality disorder it stranded you too much, and so just a lot of India's multiple per se really truly is and so Peter. I'm I'm so grateful that your brother, told you about the free trial of financial Peace University because you wouldn't have known you gone another five to ten years, so great job, very cool robber to others in Virginia High Robert. Welcome that I ramps issue. A day that guy better, deserve. What's up, that's what I hear back I'm I'm a man makes that those flowers led the delay you describe data stored in less than two years I painted and your money. I've got goody goody but I do not like in motor shuttle. I've gotta I've got an emergency to non life insurance, four million dollars homage love. Ah, I've got

The only guy I had left is no life school in my house. On both the dire good. How much is hurt. Nobody around that parity How much is in your emergency fund. Forty seven right, a Czech today. So here is my travel. I'm thinking about this right, here's my struggle. I want to pay the house political, No, but not the fact that you talk about isn't worth it in my mind. I'd rather pay more interest of work for the school alone and in pay off the house. That's that's my struggle. Here, because well, here's a hydrogen like we don't boy, don't use the snowball effect on your home. The snowball effect as in baby step to where you pay off. All of consumer that you only have one laughed and that's the student loans that

at the other day. You all for your authority, would you say thirty That is called there already. Almost didn't, love, ok and how much is out on your home. Two hundred, and so why? You wanna, keep thirty around for all that time or you're paying off two hundred fifty does it by that, can do it in ten years. Second, I do in ten minutes. Every night here are the right attract today you can you be debt free on in ten minutes on the stairs honestly loan and then your freed up from that and you ve got your down to then baby for five and sit well. You got to go back, rebuild your emergency fund Our way up, but then you'd be composed of four five and six and you'll be working on your return work on your kids college. If that's necessary and then and then that's not reachable. For a smack in that house. You only got one thing left us too, to just poncho,

That's the house at that point in that there is a power, in this process, Robert to focus and That you're getting rid of this mosquito income. Listen to the elephant? It gives you your focus, that's exactly right and Dave! You take what you know rubber you take what European understood Mon Dad and start to throw that at the house, after its paid off after you get that margins will understand something. Robert, you said: I'm all mixed up, but I'm now listening and paying attention. Well, I hope your listenin and paying attention because If that's the case that you are right, the Czech pay off the stood Wanta get this thing out of your lie. You won't regret that you will not you, promise. You won't regret it. You you're gonna, feel our ok, that's done the ox checked let's get the emergency VON Rebuilt was registering to download but too low forty cents We're thirty run seventeen sittin there

And then you will need to build that back up and then let us make sure we get the emergency get make sure putting only fifteen percent and retirement up doing the kids colleges by we stepped five and something towards that and then reach over start now. House out you knocked out in no time if you'll do that, but this is very progressive. It's very focused It's a little bit linear in the sense that you do this. We do this for you to this end. There is a you know. Thirty years of case studies here Ramsay on. Why you do that that that lacks clarity that that clear path. It. Clean up, your brain dwells and there's there's this power to this focus. That's again we if we see it in all the data point with the millionaire study so which we need to talk about its metaphorically come back in a minute. How can you hear me? There's our here,

but they were amnesia.

Thanks for joining us America, that Abrahams, you show my co host the shower custodian, Ramsay Personality to number one best: sellers, including every day, millionaires so Chris, and the team it's been. Three years ago now I think commission and began running rap. The team Ramsay Research, along with an outsourced, research firms, attract our data can process and our controls to make sure that research was air tight to confirm workers you that people would like if we came up the answers they didn't like we did.

What became the largest study ever done in with America of Millionaires, Tom Stanley, his daughter. Sarah, still doing work in that space, Tom wrote, the book and nineteen. Ninety two called the millionaire next door sample size was seven hundred fifty millionaires and he got a lot of criticism for that by people who don't understand statistics. It's actually still statistically significant, in particular of a pail of millionaires testacea than our fifty, but we thought really just to get that criticism we would study. Now, all these years later Thirty years later, almost bill. That said, ok, we're gonna study. I should we shut up, several hundred ten actually shut me five hundred, since it is over fifty and we ended up with ten thousand one hundred and sixty something if I recall that we actually surveyed and got the deed,

hey on and got their likes and dislikes their habit patterns. We really learned about millionaires. We really do then I will tell you something it was I opening to be able to hear these stories and see the facts of what these people have done over time and so you have an opportunity to those of you that I've gotten a book and a lot of you have picked it up. You ve read it. You said Hogan. I love the stories. I love the stats by war, more information about the study. Now you people are like details like that. I said what we might have something for you, and so here it is, are you have the national study of millionaires that we use for the book everyday millionaires, how ordinary people built extraordinary wealth. Now you can do, You now have an opportunity to be able to get this and to be able to dig into it see all the details day. There are graphs, we put it out on PDF a year against Shariah. So now he bounded that's right. This is basically the white paper on the research. That's right

leaping matter. Would interest will, it will get, will definitely open your eyes. I give you a lot of information closures. My dwelt, they fell asleep Reagan, ok, see their rude and until Newton ride it were headed, wrote about who will do so white paper downsize out, but I made a white paper. You wouldn't written. That does not your writings. Now it's not what I do. Tat gun research paper, but you know about our view, that there's a hundred forty stats increases real bullets. Ok, the written! Actually there on sale for ten dollars right now, but the national Study millionaires white papers now available in written form bound this has prevailed on it. Damn if you won't get off your haven't troubles being grown of Irish, get you want to learn all about millionaires till you pass out, but we did find some. I gotta achieved here in front of me the that nine six percent enjoyed what they did for a career yeah. Sixty four bit So they loved there,

loved, very strong language. Seventy three percent never had a penny of credit card bed in their life ever think about that for a second ever that and inside of their own, almost seventy percent of them, said that they had learned about money from their parents. Sir, the lesson was passed down and it was not talk as my friend Rachel crews would say it was caught and so the People remained allergic to debt and were able to be there. We're intentional over a twenty year period of time, and yet seventy nine percent receives zero inheritance. Yep another fibres, received less than enough to become a millionaire because of the inheritance of another. Five percent received only after they had become a millionaire show where I come from this notice. Eighty nine percent did not become millionaires

cause of inherited money. Nine out of ten that's right. So these jokers at or other saying that the american dream is dead. It's not possible aunt manage your own money in being a millionaire all of the millionaires virtually appear Didn become millionaires because of it did money for there are. Seventy nine percent did not attend prestigious private school. Who are you? you're that sixty two percent want or public state school, eight percent community. Knowledge and option there. Weren't garlic, never wit, and so, inside of here inside of a study. You're just gonna see more and more stats, more information about that. That's how the average car is that a millionaire drives. How big is the average house. I know these answers. I'm gonna tell you, because I want you to read it, but it just it opens I do realise that we are in control. The american dream is not only alive. It's available.

I need to take out a student loans to go to my college. Yet fifty one per the general population student loans. Seventy percent of the meal. There's! Never borrowed Adeimantus didn't loan, that's duchess at them that You know most of the time when you do surveys, if you can get shall we say fifty three percent, which is a huge number our fifty seven percent. Now these are those kind of these are all seventy. Eighty and ninety percent tiles average pays off his home in ten or eleven point two years. Which Ramsay millionaire that we do distinction, which some Ramsay try right, preserve ten point, two everyone will your faster on average, ninety three I still use coupons when shopping average. Each that they hit millionaire forty nine years old, so they're, not

you work all your life and you don't ever have any and you're too old to enjoy your money Samara. No, I'm gonna, YOLO Yolo yeah? No, I don't think so. No law no less possible. Would you have to do focus now yolo this is getting can reason. It is very confusing day about can feel before Ninety seven percent of millionaires believes they control their own destiny go one. I was just getting ready to sixty two percent, the public believe they did nineties percent control. Destiny, they don't have the victim mentality. Then I'll, The blame anybody, if they Thirdly, on it and we're ready, for being intentional, which is absolutely fantastic, two main contributing factors showed up in almost every one of them eight out of ten, basically of the millionaires. The

they were had if they had a network of under five million dollars, which the vast majority of these that we can. Then we weren't studying Deca millionaires, millionaires, so dec- in our ten million or more ok, but so these aren't but these are major ones. Million dollar net worth on average, the primary method which they did, two things that cause them to become millionaires. And the first one is that they used their companies. Retirement plants for, case for or three bees areas and Rob diaries baby we're coming sponsor that it rots they did Roth. So they were putting money aside being very, very intentional retirement plan. Yes, being it John letting compound interest work for them. The second law, as they paid off their home, as we mentioned earlier in, seven point two years on average forty nine years, all with a paid for five hundred thousand dollar home and a million dollars roughly in their mutual funds and therefore

The occasion Roth I raise, they got a million and a half hour net worth and their debt free. They reduce. That was the typical that's the persona, the debt that we found as we did. The large. Study of millionaires ever done, so friends, you have a political agenda and have opinion about where wealth comes from our stupid. They don't talking about We did the largest air tight piece of research ever done. We actually the real animal we with the animal looks like we know what colored Israel comes fry we studied at all across the country. So don't tell me that we just talk to people in the North EAST or the southwest. We want all across the country. Now there was a little bit of a thing based on where they live, but we really couldn't find correlation is said, oh you're, much more, I could be made no eleven, this air, that's right, not at all that didn't come up top three. Jobs, engineer, accountant and teacher. Here was number three: don't believe me the book and read it.

National study millionaires now available and white paper form. It exists your struggle and was sleeping because your stress before you just want to read it and learn some stuff. This is a good thing or by ten dollars its word that either way it is granted on preserving three sixty nine com. This is that I Ramses in the middle of these uncertain times. Ramsay solutions wants to give you some hope, for the very first time ever were giving you financial Means University free for fourteen day yesterday, Ramsay Doc, arms like oh, so you can watch

Have you got questions about retirement, investing and becoming an everyday millionaire? Go beggar and broader with my man, Chris Open on the crucial densher? I M excited to be able to talk to you all week in week out we're gonna focus on your calls and it's going to focus on building well investing and how to become an everyday millionaire subscribe to the crash Ivan show wherever you listen about gas hates J producer of the Dave. Ramsay show this