From the head waters of Ramsay Solutions broadcasting from the dollar car rental studios it's the day, Ramsay show we're dead as DOM casual gaming and pay off home mortgage has to the place of the Bmw as status, symbol of choice, joining me this. Our microwaves, Ramsay Personality, Chris Open, Were won by showing author couple times over by answering your questions with me, the voice of The everyday Megan I'm always excited to be armed with the. I can't wait to talk to the people, let's help him

Madison is on the line. Madison is in Wisconsin Madison our area. We new medicine was in Wisconsin, but this is a different Madison. That's up Madison! How do you think my call my boyfriend and I are discussing marriage and the only thing we disagree on its finances, neither about how I need that whatsoever, though I see problem and combining our clear financing hover. He prefer. We keep our accounts that worried to allow each of us to have a little freedom and Dave and listening to pass conversation. Everyone around the topic has included a partner that its previous believe and untrustworthy, or had a ton of that that doesn't it I know, what can I say to him the teams of mind before Madison Amateur tell you something. This is one of those areas where you ve gotta have a real conversation with him, because can't just be about each of you haven't freedom, because when you

work together on a budget, guess what you can still have some freedom, but at the same moving forward with gold. That you all are united in, and so I would definitely this Big. This is like one of those red flag areas for me, but I could you ought to continue to talk about this and find out what else is behind his hang up by the arm? The truth is that the study we for the everyday millionaires for Christmas book. Ten thousand millionaires, without a doubt north of eighty percent of them the spouses handled the money together not roommates and what these people in his room situation. Listen when you can combine and become unified on your financial gulls you're really becoming the fat on your life, girls, Jesus, Jesus, you're treasures where your heart is. When you both agree on that now I can guarantee you this

He'll Billy, woman, I'm married too, has plenty of freedom and we do a budget. I can guarantee you this Rachel crews, who has a spending habit that shit curbed in maturity? and her husband wench them is hard core nerd as far as this they work together and right says that the budget is permission, spanned. Then you spend without feeling like you're. Like your Tearing down the goals of the household or you can spend and not feel like you wonder when your spouse finds out that they're gonna be ok with it. You know, and you know all of this is really add communication to drop the live two separate financial lodge. So I thank you talk to most Quality marriage councillors certainly talk to any of us that have been training and working with people and oftentimes redeem, a marriage problems in here

that are caused by the mishandling of Johnny you're gonna find it it just very, very simple relational yet is to handle the money that Madison just sit down. Talk with him again, you. As you know, not having dead. It's gonna set you up to really move forward strongly in the baby steps. I'm gonna tell you if you're, not act in unison with this, is only going to lead to headache and heartache later down the road. So I love that you all have been talking continue to talk and dig deeper. I just I just three in thirty years, I don't see any data points of really the typical marriage. That is that them. Marriage and the wealth or both winning are combined right. That's the typical exceptions but are rare? she's delivers. If someone David I've coached, I know you have to some kind freaks out and crazy people, and

that's on the front, then you need to do that to get that worked out a marriage counselor she shuddered and other both healthy financial right. I think they gotta get healthy plantations, got this idea of in all You don't want to lose your identity. S like Canada than you don't leisure than any long, and both have about that's exactly. I am he's not get married. Have another mom he's having a teammate so you gotta be unequal ground, a man good stuff. I'd. Heather's weathers Indiana High Heather, welcome that over amnesia, how they think they're taking Call me, I have read about thousand dollars in that we are interested in turning the baby sets. We currently have seven thousand and are saving and my question for you. They wipe out that saving or do we do we can only do so. For I guess I'm

Isn't it carried out regularly scary to bring it all the way down to the one thousand dollar baby step? One and here's the hint, though, when you Here's the savings of six thousand dollars of the seven to go towards your forty you're, not wiping your savings you're just admitting that you already wiped it out when you took on that dad So you know all of this and its temporary we're not gonna stay there. You're gonna get the other thirty three thousand knock of what your household income like what you gonna do that. And when they had known virtually in only one working on. I was working full time as well. Last year, but due to some unforeseen circumstances, I have to say how much foreign child, then he bring them roughly between forty. A thousand a year on your own? the undersigned which, although I hope, what do you think you're, not the thirty three up two years back,

I don't know what it's like we'll start out with the bathwater remarkable about one hundred bucks a month to do it in two years. You can do that. Did you hear what you said? She said they started and they ve stopped one of the things I want to encourage you got to do is don't be interested in the baby steps out to be committed to it right cause. You get that forty thousand like what is what type of debt is? The forty thousand you have we a car alone, is about twenty four thousand were to evolve over an existing, Karla, very familiar vehicle and then The other one about sixteen thousand earthen alone, which we have we finance a couple times? Do your own stupidity either by it bye, things now and see which you all a band. You been running from the dead. What I want you to do is run at it right like run at it hid it head on and in Dolby age to be committed, and I'm until you once you start doing, that you got your site

will change. It really will. It's the interest rate on the personal loan. I want to say it for five is not anything extremely high, so Heather here's the thing. If you're going, short. I do this. Like you, ve been doing it. Then you probably I keep the seven thousand in there. Because it's not gonna work and you're gonna need the money. But if here they were Christians, saying and you're gonna go online and be submitted and say: okay, we re the answer to our last stupidity. Under personal alone we refinanced. Our stupidity har into another car. At some point, we ve got to stop this habit pattern, and today is the day and I think you can do it. So here's what we going to do we're going to put you guys into financial peace University with a fourteen day free trial get on there tonight. We, your husband, you gotta, watch the first lesson and then said mango. Okay, ok, are we, as we know it

it's just a wish. I don't do and allow Keller pick up we'll get you signed up to fourteen diverse drought What spending some extra time at home. There is no better opportunity to protect your family with term life. Insurance. Zander insurance is open for business, working remotely, ready to serve and

you, the best rage, add this to the top of your to do list and visit Zander dot com or call eight hundred three five, six, forty to eighty two to get this taking care of its quick. It's easy and now is the time to get it done, while rights are still love. That's Vanderdyke Gom recall eight hundred three five, six, forty to eighty two so the stock markets bent on the stock markets been down. Some of you have found that your emergency fund is handy. When there is an emergency, it could be getting but here may loud and clear unless

on the edge of bank rupture foreclosure, do not cash out your for a one k is now good time to carry out a forum. One day from a passive stimulus bill, and I know they did away with the four one k, withdraw penalties, but do not cash out your fault One k, if you have done it, to get yourself on the right track for retirement, and maybe you can get it back in there before this, screwed up and you will know the taxes on it. I hope but hey, you need a good financial adviser in your corner? You need a good pro when you're corner and we recommend a series of programmes although smart vesture prose cause you're, a smart, vesture and they're gonna. Be the programme. Helps you just click smart! to Day Ramsay, dot com and down a list of when you put in your stuff and dropped down. A list of the same Mr Prodi in your area? You select the one you want shut down with them, with the heart of a teacher and in

These studies tell us, and I've seen many of them over the years that people with a quality financial advisor not an insurance agent and an honest, but I'm real financial adviser have a habit, I want you to get much better rate of return in the their mutual funds. And it really is not because the financial advisers, some kind of genius on fund pigs, it's cause, talk, em off the ledge and in out of it luckily the wrong time? That's exactly right, Dave see balls. They are more than just filling out some paperwork and and filling out what you're gonna invested. You actually, with the small investor bro, you get somebody to have a conversation with. You can talk. The things that are on your mind That's why you know you. You can't do that with a computer Unita person, but you job and connect within the smart, busters they're gonna be there for you and your party, also of being an investor, is being studied.

Holding the line old. Oh, oh Lord, don't jump off the culture in the middle. The ride any need somebody to do that. A doctor, some friends of mine, there's more the browser that I only said that right now, we spending a lot of their phone calls talking awful Donald Trump. Don't drop, don't jump out. Sterling is whether from Texas High startling, what's up you, bring Mr Ramsay make it must my friend, how can I help No listen! You really can be motivated. You need a fire in my house, so I thank you for that. Remember the measures that have failed to get the girl. I appreciate you got me ready to reimburse somethin I went and that's it. The Prodi learn about a new car about timeshare

Oh god, I'm talking to you. It was how I knew you'd come, and I won't do it do not all new political truth and check it out. I will put a pencil Then I will repent do get, but lately I've become an awfully clubs and then the people will say it. The post office should go away, but some of them happen. What's all the loop transition another day, scary. If that's what you could stay other people after they reach, from there while they are in Don't wanna be appointed a broken down by retired. I wanna be, models in a happy day? No more detail. I knows I don't want to retire at the age of work in their jobs find out. What's the pathway strategies, and why should I didn't? Should I go back to school starts variant.

Programming was I'll look into the matter is wide open here. He sums up an idea. How old are you Thirty two showing your We too, what are you gonna be done. Out that about a great debate so that change. They put the necessary there might or whatever I do It will allow you to being an and things like that, and I like the war. While you do public speaking, I don't know I want to try and disseminating the Monday Santayana pops up a little more realistic light. Now. Ok, so our Franklin Common or does the king common show here nor the Ramsay personalities in our talks about that we ve gotta do, is you don't want to just go back to who blindly not knowing where you're going you only want to go back to school is is giving you the degree or the knowledge in the area that you want to be your here for the next ten years

Italy is a door there's an adult college student Goin back, and so you know you wanna head, You want her into a training programme that takes you where you want to go and Stephen Covey talks about in the book the seven habits of highly effective people than number. One habit is to begin with the end in mind, but with the end in mind. So, rather than discussing run from something there stood. Let's run to some. That's exactly right, Dave and stolen, Yvonne! You! I want to begin to think about what are the things they get your excited, I can tell you got a great personality and you love people and you may not like being at the Post office right now, but is there opportunity for you to move over to you PS or some other company and use your skills that you have there or how do you begin an entry level thing you wanna, be smart. Dear Canada's, but proximity principle talks about you be around the people, doing the things that you are interested in, and so,

You and your wife sit down. She knows you better to anyone else. You guys can brainstorm some options. What could you do? I think the biggest thing ass Darwin for you as like for me in the banking world, is to realize you're, not stuck you're, not gonna. Stay there for the rest of your life. You may the for the next three months. While you find something else but be proactive finding this Something needs to be your second job right now, not watching tv I'll get intentional. Yeah I think, is really important that you do something towards it in the next few months. Getting around some people, even if it's just no, you join the local toastmaster swear they every month. Every week somebody gets up and other speech and start, learning about the other communication styles that are out their own a public speaker and what are some ways to make money doing that certainly different It was a few years ago. There are

Youtube, making serious money. There never get. Front of alive crowd and show you yeah the ability to do that. If you go in that direction and there's nothing to me, You ve been doing right now, that's right side, hustling start developing some of those skills so hold on I'll. Have Kelly. Send you a copy of Ginsburg. Did Chris mentioned the proximity I will not think that'll help you get to the next step in your brain? thanks for coming here. Keep us posted Ryan is in Alabama Ryan. How are you while Dave I'm so I'm a similar, gradual, indeed, my wife's it doctor and our dream is to have a fairly ministry where we would be helping people in remote places off about I'd, be reaching bringing bibles and she be bringing a medical supplies and her expertise. The question, basically as at the loan for the boat, is about six hundred thousand dollars. Org, the council that we need to get well we're trying to go. We have about happen.

Cash, we have no debt other than the house. And there were more- were a hundred thousand dollars equity in the house, and it worked so hard to shape this I'm wondering if we should invest this. But we ve saved in work, selling ministry after ten years of investing more should we take the financial leap with the boat, the financial leap with well a couple. They found a man I mean we are evangelical christian sphere and which, as you, oh means that I believe the Bible very literally, and so I dont fight single time in scripture that God use debt to cause a ministry to happen More than a single time in scripture that there is a positive reference today, that's not a sand, it's not a salvation issue, but percent of the mentions or negative, and so that tells me there were probably not going to a ministry with that. If that that's what I would

That means I'm gonna, buy three hundred thousand dollar bout or I'm gonna invest in white, absolutely it, and it did take the time to really have a detailed plan on what this looks like take. Dead on is not like the others. However, a large boat invest like foreign ministry that has not yet been long job. I've tried to find a way baby should abandon this small, a boat cash much smaller, for the start? This is the Dave

result in drawing there's our Ramsay personality number one by selling author answering your questions our long all day long. That is where this case in Arizona Highgate our YO Finally, my thanks for taking my can't really appreciate it. Certainly, how can I help my wife and I from our without political down of credit union, and how are you? right now, because you know listen everything gone out of the corona virus.

Pardon me the way, all the uncertainties and stuff. I just really wanted you attended in price. You know, You go down on a couple hours. You have your emergency fund, embellish, wasn, t forgotten. How much do you have in your following occasion? Retirement plants be gone. And how stable is your job. My boy, big retailer I would hate stable, my wife. Stability right now, though too in Ottawa today, but you didn't tell me about it, also show what is it you're afraid of How do I guess honestly hiding

money in the bank and its security pointed firstly can offer I'll do what's the size of his jacket. Seventy thousand. Have you ever written? Seventy thousand allergic before lots and lots of their data is there. It is, is new It's got numbers and digits on that check. You haven't seen before dear now, we're hum does that mortgage payment, I'm almost seventy seven fifty a month and how much of you all been paying than the last several months per month. Why are we so? I just make the minimum Taylor another seven. Sixty per month, the house we have thirty six thousand put down on its value to thirty right now, pay off in no seventy thousand ideas can be done with it move forward life

My friend, you are a couple hours away from doing just that and seven hundred and eighty dollars is staying you now, instead of going to order told her, so it's just knew but its work. Ok, it's gonna be ok. I think the thing is you. What are you arab work through in it, and it's a good middle exercise to do because what you are urging a real emotions. There's nothing wrong with that at all, but a menu of that you have to say. Ok, facts are our friends Doktor John Lonely. I says that factual, our friends. So what are the facts of acts? Are you a hundred sixty thousand dollars, if a steady job, your wife s, steady income from this ability right now get toilet thousand dollars in the bank. Women in the world. Even even if the economy really struggles, first say a year, which I really don't think it's going to, but legislate struggled for year. Thrilling are gonna. Fact you much

you're wanted to hear you say that might well if it isn't, that does not just eat just me, but I mean that the point is that the reality is that by having money saved and having see, wrote, you ve insulated yourself quite a bit from the sad variables that you ve controlled the and that that you know I am. Its not being pompous or anything to say that for sugar in your situation are experiencing this covered. Crisis and economic shut down differently than folks were deeply in debt and and have no savings, and so You pay it off for the same reasons that you intend to pay it off You had Donald Dance in the back yard, denied wave your mom did round so that all your social distancing neighbours can see you dance, and so that's why

Guess, I'm proud of you mad! You arrived the focus that you all have had over the last a few years. This you're about to do something really really special it's a big day and that's a very, very big deal. So congratulations. You guys need to celebrate in the right way touch. Baby, but has been EAST Timor is whether in California high some are now. Are you I'm doing guide five and I'm a bunch duration. First, you go to law school. I've managed to be deaf free up until now and again pay. On paper. Last going far, though I received about half of tuition and ours Why, though, the rough yeah, the rest I have Hey, it's an otherwise! I live an orange county. Go I'm gonna have to mobile, is classed as are gonna be in person, but obviously there online and better. For me, I save twenty grand of housing in out

one year, but basically I'm just you know, nervous taking out federal alarms and just trying to figure out. If I take a combination of federal, I wonder what not the wording would you get? Scholarships drew from school from the last got their acceptance, with that? Ok, so they lowered their tuition because of your great yeah yeah. Ok, what about other scholarships? The only other scholarship that they're giving me is once they start school if I am above, like the class rank among, if I stay in the one percent to five percent ten percent stuff like that, don't give me a more percentage of jewish, unproven and arm right now, I'm, but that fifty percent, no, if I do like worse than for whatever

even though still keep me at my fifty percent scholarship. As long as I'm getting like a minimum GPA valleys me that that boy, a goal like once, they start to just go for a little more than on. My last point was not there. My point is what about other scholarships outside the school what I am applying for the little thousands in five hundred dollars here and there a grander economic part, a lot of Amr are undervalued, you then sell, but definitely I signed up for all those, but golly is an act that I'm using definitely go job Anthony only website. There's a scholarship Will there that'll help you as well, and that it is more different? buying graduate were growing and certainly launched, girls more difficult, but here's the thing it's also more difficult to have the stinkin loan hanging around your neck and so going to figure out a way to do this without that, yet

If you know I have talked about a lot of friends or that are attorneys, and you know one of the things that that never them- and they say never comes up- is where they went to law school, and so it really about passing the bar. It's about complete education, passing the bar and Furthermore, I would always also encourage you. Fifty percent is good, but take it a look to find out if there are other law schools that you can get into that are cheaper on the modification remaining. That's exactly right, much cheaper because ultimately passing the bars what's gonna. Allow you to be able to start to practice. That's the big deal, and I know they trust me. They sell the schools and everyone thinks it it matters where you graduate from no it man that you pass. The bar new eligible to practise law mean we have in house counsel- and I happen to know where he went to law school because we hired him, you know. He's staff right. And our last in house counsel before that we knew because he was staff, but I've heard

bunch of lawyers over the years in the open market shall speak for different deals or think we're working on. Not there were there, You didn't ask em an American, or should I approach, but I didn't I didn't matter. It gets job, that's exactly right! There yeah right before I go under the knife, I always dressed after an orgy gradually from a kid. I had not been another knives on, so I'm gonna courage to continue the scholarship search and avoid the loans is what we're saying, and if that also means that you go to a dick, law school at Chris's suggestion. That's not a bad thing Anthony O, Neill, DOT, com and he's got some. Each scholarship tools there that are really help you as well. This

Rams, Asia,

by joining us about our glad you're. Here Darlene is on the line and New York. I Darlene. How are you I'm gonna. How are you better than deserve how congressional so I M getting married in August and thank you, And I am completely don't worry. I graduated last last May and paid off forty five thousand and about months and my

The answer is graduating from his doctor in physical therapy. Degree in about a month and he s graduating what about eighty five thousand and die I'm so we will into renting a small, cheap apartments and I'm living of my income while he tackled his income and you're hoping we could do it in about a year and a half and tackle his that now here. Is debating whether or not he would, rather by really small house, no put it toward now know the others were recently debated, burly demean to clean up the doubt. I clean up the debt clean up today. The problem when you buy a house and you have eighty thousand dollars and Sally, may you have to get an extra bed? for the other, because you're dead

taken on all this risk. I want the home to be a blessing to you not occurs. There is no hurry. You both have wonderful careers, wonderful d, yes, you're gonna make a lot of money in your life. You gotta be in control of that money and you're gonna the home, but there is no rush. A little bit of patients will allow you to do this with wisdom That was my thought just because I paid off my loan. Those more like I would rather tackle the loans, but he was saying: if we do the math, the house would only be about ninety five thousand and do the same, price as run to rule on its absolute bow because when you own a home, you have to do all the repairs. The entrance goes up, for the tax would go up? You pay for it. The shingles go off when the wind blows by you pay for it. You, when you're entering you know, have any of that. That's exactly right and you're gonna, be by China by furniture than you guys are gonna, be talking about renovating, and then you go to want to add stuff darling. Trust me clicking on. Do not get an apartment. Like you said, for about a year,

guess solely on attack in that being very, very intentional, then build up your foot funded emergency phone and you guys, then you save for the down payment on the house at Promiseth. Recipes not broke, don't adjust that your ear you're right, darling, he's wrong! That's right! You! When you win the argument. The pre marriage argue machines, the winter binging pleasantly. That announced our flag on it. He's thinking like normal people, think you're normal people are broke, a veto word here. Here's the thing come out of college. You we, if you're prepared there, so much stupid out their financially there's so much stuff you guy I'll, Emily members Turban in your ear. You need you need to buy and they don't pay that that's it It's on the thing is: there's a lot of broke people with opinions merrily yes

and when you come out of school, what normally happens as several emotions going on the drive you into making some damn decisions emotion, number one is. Finally, I'm not a student, someone adult an adult and looks like a better car, not mile hospital school karma having us adopting, looks like a couch, an actual real bookshelves, not not fake ones, with hungry blocks in border areas. You know in our day was getting where the beam bag chair right. That kind of stuff adopting looks like buying a house so I wanna be doing all of these adult things. Now that I'm not a student right now and that's a normal motion in and culture comes longshot genes as o renting renting ranting renting is evil. Running throwing your mind on rattle, and it is, if you look at it throughout scope of your life right but for a year or two to get a solid foundation under you. It's not your lying patients and wisdom with that money. Absolutely and it changes

that's? Why that's? Why darlings? Where we're tone you do that, the greatest Did you guys are both very smart people and you sit down can get him on the right page. Here, you're going to get a house, I just don't want your house to get you. That's exactly right, Lauren is in Washington. I learn your question for Krishna. Yet pay day they create my question hopefully is an easy one for you guys, so security right a few days ago that yesterday measure blood you color asking about starting in our feet and you said yes coherent stored it. However, my husband and I have umbrella coverage for two million dollars. Do you think we should stop start and allow C4 invest properties or judicial sheep, but we have haven't, I would do an oil for investment properties have an umbrella policy both because live in a local culture, where some bicycle show you for anything and everything and

LLC, owes the rental property and you operate the entire rental property, all them all the transactions in the name of the LLC, the checking account the deposits go into that account. The expenses are paid. That account you don't buy, groceries out of that account. That is, our stand alone entity operating properly, then it one falls off front: porch breaks their low faced as they were drinking too much and they decide their goes through. The landlord They landlord is called an l, L C, and they don't get at your personal assets. Then actually had that happen by the way I want a marginal properties, who told you that happening. We already have a rental properties right now and we started she can we transfer, but we only had into the policy, can do what you can do, what called quit claim deed in most states and its most It is very inexpensive. Defilement is intact in Tennessee dollars per property them the quantity lemonade. And

attacks on it because you already paid the tax on, When you find the warranty dated original closing, not on what it is in your state, but that's done in most states any move it into their? I did that now what I do the rule I use- and you can make up your own rule on this, but I dont more than five million dollars worth of property, and one LLC wants Finally, another world properties in one LLC, I'm I open another one. Why? Because I want the target be small when the guy falls off. The rapporteur makes ok, if one fifty million dollar target in one Elsie. I wanted to keep the target as small as possible, nigh on some properties that are worth more than five million that are a single I'll see our old office being that we moved out of worth about sixteen May and in its own LLC that one building is, but you know saw violate the family in Aruba, like houses stuff. We just we polymer up and war. LLC until they get to five million, and then we quit doing it after that. It's your spreading that out and do pick up two million dollar.

Four million dollar umbrella policy on the Pentagon. You not worth I mean you know you million. Is a minimum when you're starting to do these kinds of things when you're at the point any direct, management like that. You need to put up a number of Barcelona CUP honour Buckley. Maybe two three or budget year depend on your you're right David's, protecting yourself amount? Does she need to get with a real estate attorney now to move those not where I empty title probably like cheaper than turning good yeah distributed come in here and ask him how you can move the the title over in your state and how hard it is to do, because you may may act by a few dollars to have the deed, prepped actually paid more to have it. Perhaps one I did it than had been the transfer and the actual french verdict that, like twenty five bucks on twenty five bucks, a page get that down and then on page six dollars and more. You did years ago. But after that, then of course we constantly are tightening them directly

allow she's now. Shall we don't thinking about it, but but acquit claim deed in most states will help. You move the property of and it's a good idea to just keep your targets: small from a risk man, my standpoint because you know we want to do everything we can to dissuade someone from falling aid. A lawsuit of convenience then you have a temptation to saddle and always kind of staff, and I don't saddle either win or lose, but I'll settle and so on will fight. You all the way down into the dark, grandma hillbilly and that's what hillbillies do some alarm maybe generationally. He may pass the fight onto my kids for your kids to fight in the fields of Mccoy. You are so feisty day. Why are you here? It's worked out.

Served you'll love it. When gas, hey everybody settles these innocent. You can't say that more now you met some I no longer and everybody. This is the day. Remsen share 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 these university, free for fourteen day after day, Ramsay Doc, arms like oh, so you can watch from all

Have you got questions about retirement, investing and becoming an everyday millionaire? Go beggar and broader with my man Chris argument on the crucial genscher, 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 Christian can show wherever you listen about gas hates J producer of the Dave Ramsay Show