From the headquarters of Ramsay solutions: broadcasting from about studios Day, Ramsay show what matters down gauges gang and made more getting a blaze of the Bmw as their status. I am they Ramsay your hostess, your show, America. Thank you for joining us, open bones, Tripoli, eight to five five, two to five: that's AAA eight to five five, two to five

starts off this hour in Atlanta Georgia. I frank welcome to them Ramsay. Shall I do I do it I deserve. What's up? Ok, so I have done that knowledge from a settlement and your car crash in here and another guy I've decided not to buy another. Architects another car readily that mail. But for me, what should I do to invest this settlement resettlement money? Well, are you? Are you are you: are you ok, I'll, be here on the curb accusations were pretty intent Ok, ok, all your medical bills or needs are behind you. Yes, yes, there for this money, free and you and your ear down car, but you have another carded rough, yes, that you, yes, ok, and what your household income I'm currently living my grandmother. I I personally may God about twenty one,

thousand a year, grandma amateur makes about two hundred. Ok, I'm try. My best to Nineteen, by the way, I'm trying my best to invest the money to myself or somehow far too be more financially literate? I started watching you about a week ago, while one hundred thank you, obviously woody from having already Lou following now I am I to support them, and what do you wonder when you're twenty nine, when you're twenty nine, what you're gonna be a sort of systems, architecture or some sort of programming architecture accompany good? It's a great great where field, and especially in shoeshine attitude to technology, already are for technology already. You can move a direction pretty easily good for you and so on. I that the good I always do, and I learned of those years ago is I ask myself the same question. I ask you is what

I want to be in ten years or twenty years right and then I have to ask myself what will have to be true about me that it is not through today. Otherwise I would already be one of those ok. Ok you can do the same thing. I've got a friend of mine that running the half marathon next week here in Nashville, ok and had out she had ask yourself: ok what has to be true for me to be able to do that. That's not true! Now and gestures of that about a year ago and she's lost forty and by the way as one things, to be true to build a run, a half marathon, it's easier not very an extra back street boy with you, we're running right. So one has to be true about Frank. That's not true! Now, for you to ten years from now be successful, a architect and platform engineer in the technology field

guess would be some sort of vacations and from training would that be right, you're right, you're right! I want a detail that out by talking to a few architects platform, architects and platform people and ask them ok, to get hired, to do to be your assistant and be a mini me in your company. Just like you, or similar to you. What what no and what will certifications what I need to get that I dont have now and you don't need to go. From an article on the internet. You need to talk to actual human beings that are doing what it is. You want to do and then got those classes and spend that money on that That's gonna be a great investment because those guys make to ten. They make ten ex. What you make he had so it's worth doing. Ok, it's Margo Servolo Monarch team, in their brilliant people there and they have an attitude. And they

Lotta technology work here a lot, most of it, I dont understand, but am but I'll pay for it, and so I understand enough Pay for and understand how these people's brains, work and how they are able to these things off and so go learn from them. What you need to do and that's what you spend your money on, because I can go ahead and tell you it's not a four year degree and information systems, That's not needed to do what you're talking about you do need some search and news from certifications, and you do need programming experience and our some project man when experience things along those lines and you can get about the business of doing those things building a loser. Company, you're working for company you're working for technology oriented would for any of your certifications for you to get better to help them. You sure! Yes, I ask ok already argument on their good, ok! Well,

might involve you taking a technology job editing Gee Company, that wants to pay for tuition and then You get a lot more bang for our buck out, o your ten grand so again asking of what has to be true. What do I have to know and do that? I dont know do now to our otherwise be one to two able to run this marathon to be able to be this platform architect and so forth. And that's what spend more money on and stay out of debt. Frank, don't go by alone. There lies the you Go into debt. Do all issue of ten grand jumpstart, your wise too. About it like this and your grandmother make into our grand is no slouch she's, obviously bright at something. So she began mentor in this process, even though she may not know anything about technology, but should be a great life, Tori probably listened to her Don T don't make two on a grand very often its fairly unusual show generally

women's got some wisdom that she can bring your poor in your life and beat a leaning, an area on that. That's puts from the top one percent, come on. There's some good question man. Thank you for calling in honour to have yet nineteen here in the air. I don't know if you all time, listeners that have been as for many many moons have noticed the number of eighteen nine eighteen and twenty one year old phone calls I'm getting these days, as opposed to say, five years ago or ten years ago, and I way way up, and we are very happy Ramsay, the those that this generation actually wants to talk to her and a dinosaur like me, and I can help them get moving in the right direction on some of these things were very honoured. The french or the world are not only listening, but that's that's because of two things. Just to let you guys know that what's going on target,

in general moving to a younger demographic, especially with the advent of pod cash, and our podcast has exploded. It's gone one million listeners to almost six million listeners in about three years. It has gone banana and our Youtube Channel is just its. I can't even hundreds millions of down. Now hours. It's just the sort of ours, we're consuming on Youtube, and in case you didn't know,

tube, is rarely under thirty five year old phenomenon. I go on Youtube, but not like you guys do that are young, so there you go, but I've stretched to get into my suv. That's it jumped from the other on this. Is that I am. She shall folks news interest rates have dropped again. My friends, a Churchill mortgage, can lock in your fifteen year fixed rates for around three percent right now, if you qualify their good for up to ninety days, cultural immediately call them, even if you just thinking about buying refinancing home, do it right now before these rights go back up. All it takes is ten minutes to see what you can qualify for cultural,

it alone two hundred or Churchill mortgage dot com. This is a paint advertisement, animal s idea, one five, nine one: animal s: consumer access, dot, Org, equal housing, lender seven! Forty, nine Mallory Lane Sweet one hundred Brentwood Tennessee, three, seven zero to seven Thank you for joining us America. This is the Dave Ramsey Show where glad you are with us are question today comes from blinds dot com find out for yourself. Why blinds dot com is the number one online retailer of custom window coverings? You get free samples. Shipping and with the new promos every month you save even more years the magic the promo code Ramsay today's questions from Brenda and California how to proceed with caution agencies have not responded to my debt validate

and settlement ladder. It has been for a month. You can call em if you want I sent you a letter asking for debt, valid, listen and settlement and I'm just checking for all up. If you want here's, the thing you find the problem is are a few and I mean a very few collectors and collection agencies that are competent. The vast majority of them have person sitting in the chair, calling you has a lifespan. Of under ninety days on the job they don't keep their jobs And the reason is it such a horrible freaking job to call all day long and be nasty. It just very difficult for most people to do that, and so the turnover.

Most of the debt collection agencies lie and they break federal law in Georgia. The things that people with ethics canned abide and they just dino again. There are good ones and most Amr your local with small town collection agency, where they do bad bout. Thoroughfare debt collection practices act. Be some by this? Actually in the Chamber of Commerce, and I go to your local church, they might be reasonable human beings, but the rest of em are scum and vague, be another. What you do if you run a large boiler room collection agency. Is you hire and train all the time because you have to ice the revolving door. That is your front door. They come in and they go out the coming because, as soon as I can find a job making

less mommy they'll leave because it just such a horrible job, and it is one that that's what you're dealing with is the near. The bottom of the Darwin curve is who's on the phone, because that number one they took this job in the first place Maybe they were desperate for a job and if they stay there a long time now, you got double because I started to make a statement about the person you're talking do or has been there twenty minutes, and you know more than I know and that's what you usually find, so it just takes a while. It's a very frustrating process. To negotiate with and deal with collection agencies see. This is your money. You owe money for something someone did for you or gave you. This is your personal business. The person, on the other hand, if just their job,

and their Anna Cubicle with a headset on and they haven't been their long. Then that's what you ve gotta remember, especially if one Be a nasty to you that stuff cuz, I teach him the nasty technique the verse day right and because it works. It all intimidated, scared and shaky and freaked out, and they give their mother's house, you now just to get you off the phone I'll just to get you off the phone and do you know the cause, people who don't do conflict well anymore, unless it's then one place I've got any bravery is on twitter. But in real life. People under conflict well cause you're scared and so that they use this intimidation tactic in the collections world because it works and if you start getting that, here's a neat idea. Just go: you ve got about five seconds to turn that crap off and we're not talk like to regular people or you're gonna be talking to adulthood

what you have both right. Anybody, like you, gonna, hang up on me. You think you're wrong. Just like that push the low end button, here on my phone and you will end it over in. Did you That's the way you just gotta move on and go back and try to find more occasionally that, for a second will rub two brains, together and try to help you, but it's a frustrating process, they see is with us in Indianapolis, Indiana, high Stacy how're, you hi there. Thank you. They cannot call on good. Thank you sure. What's up a shovel every day to come to work at spent? five years ago. Every day. I want to walk out the door to have some dead. I do have some money in our companies for one Kay you don't know where my next step is. How much did you have?

I have a car, is thirteen my husband cars, a five thousand. The student last about four thousand and medical and about two thousand in a credit card and the? U make a year crummy job, I make it We may be forty five and forty eight a year, your husband make You just got a new job, so he's probably gonna be around. Maybe thirty, thirty, five boiling, probably no time much is gonna make for took the job here. I do I'm sorry! I just didn't calculated Volga Boatman household income, it's what you be eating own. If you didn't work, what do you do for me myself: I do medical insurance, medical insurance, What are you and what do you do, sell it

Now I do like. I am like an insurance where fire and I M here and for our patients coming to surgery. So what is it you hate so much. The environment, though not the actual job itself. It's the people. Yet the cry of the human beings and the company, the company itself, There is a high turn over a new, so it's a lot low character, place I got you were on one another to after five years. So what is your long term goal for your career. I want to do so like, I believe, encoding probably start SAM then maybe work from home and maybe do another little job. Fiona work from home

my likely? Yes, I don't know what to do with that. For one k, knowing I only knew billing encoding was not your goal. You picked up as you want work from home, and you heard you can make money what my degree, if you agree and billing encoding large degree by life. Again, that's what I want to school for yeah. Oh ok! I you to have a background. Ok, so that does but you're actually doing now. I don't you, make anywhere near what you're talking about doing there from home. I don't think you can replace this job, making that, so what I would do if I were in your old shoes, I would begin a plan of working the baby steps and work in your way out of debt so that you're free to be able to make some changes. In the mean time, the only change you can afford to make it one that is lateral, meaning did find another job make similar money somewhere else find there's no doubt

the changing that, but you starting up, business on the side in this family starving the devil. Others dad on it, because your miserable near it's not so bad short term, but long term playing field in the short term about twenty minutes by the next Friday. Urundi start to think what a credit I do show you ve gotta, Big parliament share, you got Wade through and you don't have to stay in that job to do, but you have to stay in something: that's making some more money. You can't just jump out start your own business com. You can say something about pulling out here. If you leave it out and take you one carrying you, don't do anything waited. I thought I heard you say something on a different video. Were you can get penalised for that? You can led to an IRA, but I would not pull it out and paid debt with it. Now. Let's correct you would get enlarged you'd be paid charge, ten percent plus your tax rate as well

That's not the answer to your equation but which I would start working the baby step, which would be stop investing, so a thousand dollars the credit card, start living on a budget and got. Three thousand dollars household income. I mean you got to go, play some meek, mill song and then we'll start, for a drop long term much like about how we can be shop, avoid that's long, hold on I'm going to send you a copy of Christy Wright's book business boutique, which is about starting and running your own business. This is the Dave. Ramsey show I don't have to tell you what your student loans that is doing to your budget, get rid of it.

A splash financial, dotcom slice Ramsay and see if you qualify to refinance your loan to a lower rate. Unlike other refinancing, splash has no fees, I'm talking no application feet, no closing costs not even an early pay off fee and if you qualify, YO get lower rates to help you get out of that faster sounds like a no brain or to me, stop wasting time go to supplies, financial, dotcom slice, Ramsay check your interest rate in minutes and see if you qualify

Can we always and towards a WI, Fi Camille broken, but right now I m sure I'm all right. They are you doing better than observe. How can we help the eyes blind? two years old got married four months ago with no kids here I just dumb integrated here that this date so mad there's only one working on until we waiting for my work. Permit husband and I are a buying my baby SIMPLE three already in what already working on our deepest debts, good for you now. Thank you, my concern recently. I have the opportune, he's a language

nor had signed with first start. Treating nobly registration fee is quite has viewed six open. Hundred and that separate from them we would be investing. I dont have six thousand five hundred lying around. My question is: should I borrowed money from our emergency fund, and if we do, we still have three mind. Having listened to find less than what are your thoughts on this. Well, I'm I'm not for me with the exact course that you're talking about, but obviously mere with the concept of bias, only stocks or they trading. If you want to call it that or they trading. If you want to call it that all of your research shows that seventy eight to eighty four percent of day traders lose money.

And one hundred percent of them think that's not them, and that includes people who take horses like you're talking about. I can find no data points that show on a consistent level across a broad population? The people to take a course like that become wealthy as a result,. Because buying and selling single stocks is ultra high risk and truthfully Three journal example had a big fisheries labour on the front page a few years back that they took a blonde old and put her on the gap with all the stocks on the wall and through darts at the wall, and they bought those stocks, hypothetical and then they use some of the top players on Wall Street to pick a portfolio of stocks and the blindfolded guy beat most to the top guys.

And it was a trick- it's not. The research is not real. There was a trick. Here was the problem. They are only allowed to pick five stocks and then the problem is that the with that little amount of diversification which single stocks always cause you to have as a small amount diversification. You can get no safety and saw the volatility caught even the guys who were smart. The volatility catches them in You gotta have a broader based on that. That's why I don't buy any single stocks personally I know I have some friends that took their companies public and made a couple hundred million. That's different. Some people that binds elsewhere stocks as a small percentage of their world. It's almost like a hobby for them, and some of them make some money. But it's come. Fishing story. It's always talking about when they got away or they're, always talking the fish is always bigger than it really was when you actually go back and look up the returns, so I just don't. Do it all about to say

So all that say, I wouldn't do it number two. What I take a course of any kind And pay for it with my emergency phone? No, because it's not an emergency! Ok use your emergency fund for emergencies. Germany is whether in Phoenix Arizona, I generally welcome the driver amnesia It is better than deserve. What's up well, we know my sweetheart a bumper along just fine. Until about a year ago, I left my job. Abu corporate down, I think we're both sixty one word that, for example, the House, Canada is one of what would they do questions we are taken up in my income, dropped dramatically were able to make all the best but our were maintained, running credit, but I'm just not really also way. If retirement about two thousand in return account now that about a hundred and fifty thousand equity in the house What are you

three thirty. What did you use to make? Forty don't want sales manager. Ok, Look I've been looking, but I don't know like one hello. How are you doing salesmen thirty the same company Nokia my company got, acquired and can acquire series of What does your wife? What does your wife or mail? It is noteworthy that I'll show you. I love. You got another gig, but it's not like an one. Forty, let us direct Megan one hundred million piling up. I hope now that the moonlight by media we bought a large home. We got an early on a master plan development nights a week at its appreciation already in my plan, was to keep it for another three or four years

retire, fully equity uptake After a candle have no deck image The men were brought under the sunset and how's that planned change for the forty thousand honour change in income. What do you know? Who else into by far away large armor, that's why I'm here not, but what I was put in a lot in the last guy data from very, very well you're dead, Mary accept your house, your four hundred thousand, therefore one can you make a hundred thousand hours year red? Why can you not say, fifteen percent of your income, I want to show you order in the house about three thirty There should be some higher than I want you to be what your house payment, twenty seven you're, still, ok, yeah! I I

Jonah budget number one number two, you know you know about the same age and we share the ability to sell and In my experience, a sales person is probably a really good. I quit We shall aspersions prisoners of my strained and lead sales teams is pro. When my employer employable than almost anyone on the planet. That's about the EU. Give the land I know you been, after an I'm, not saying you do a bad job, I think you got kicked in the tea And you're still reeling a little bed and I think you're, probably worth double what you're being paid. And you just have found it yet. I think you're an encore career in your future well

He would not go outside now. You can keep keep putting people there's not there's nothing. There is no reason to panic year does not make an attraction. You won't make right yeah. I wouldn't panic. Yet you know, if you think, if you look up, you're from now nothing has changed, Yomei downsize but you're under that anyway. That point exactly. Nom hang on hang on, but I challenge for use emotional on the career side, I think you're worth more. Then, when they did this to you, it is her deeper than you have admitted this father, some of that there and I think, you're worth more than you think, you're worth deep down in sad because I mean we deal with Salespeople Oliver, America in all kinds of situations and another tons of em just so not himself managing there in to have two hundred and eighteen, you don't

The thirty years at your career, your pro and yeah yeah you do get a ride off into the sunset. Yet you have another rodeo you're, not done that's my prediction, for you will see. You call me back and let me know open follows a triple. I ate two five, five to two five. You jump ample talk about your life and your money Randy's on Facebook Dave. What do you think about pre paying funerals? I don't do it don't think about either, but perhaps but I wouldn't do that We pay anything. There's no point, you got money set aside and you can have everything pre planned and selected if you give them the money and you don't die for twenty years, you lost the interest on that money for twenty years and had you in there that three thousand dollars at sixty and then battle. Ninety you could have buried King Freakin Tut What that would have become a mutual funds occasion? You don't prepay that stuff

They get to make money on your money very profitable for them, but pre planning. Oh, I totally believing replant my casket. Just about everything else, that relationship

our structure, that look twelve, thirty, four, four, where your treasure is where art will be also Stephen copies of the key, is not to prioritize. What's on your schedule, but to schedule your priorities. Here you go treasuries. Your art follows. And were your heart is treasures probably follow? That's what you're saying Pressure from the Ramsay baby steps community on Facebook says Deva once I thank you too, have recommended contacting an e lp in your area for car insurance. Quote I contacted the war. Recommended in our area and were saving two thousand one?

dollars a year in car insurance. Wow, how can we put even more towards a credit card that touch Wanna go Tricia, love, it's been a while, since you check your insurance most people, don't do a good job of checking it in all. This means is not that you're bad. You just look money on the table. You probably too much money. So you can get a property and casualty, meaning car insurance. Homeowners insurance quote from an endorse: local bravado. That's an insurance broker, meaning they'll shop, several different companies and fine you the best deal in your situation. You're not trapped with one particular company and have to do is go with whenever they say, that's called being a cat. Eve agent in the insurance world, so to find out who your Ie Lp, as for insurance gotta, die. Ramsay, dotcom, slicer, yelping, your goals,

the right hand, side the homepage and you you'll, see those Ethiopia lifted out their endorsed local providers and work for me. But I do the stuff I teach the way I teach it and give you a bit possible service best possible deal wrong, is in LAS Vegas, hey welcome with Russia, Thank you very much Dave by the way. I do believe that you deserve to be as good as you are. I thank you, sir. How can I help unusual situation. I am tat, magic educator at aid, dental school and I've been selected by the students to offer the convocation talk, We would like to have a quota ball. You to present during the convocation with any advice you can

concerning their very significant student blown that some statistics that idea at our graduating class has an average sued alone, death of three hundred and fifty thousand dollars at seven point, one percent per year. Graduate their average first hear. Income will be approximately eighty thousand dollars a year alone, with respect to. Is there an end to all this if they don't miss Paine for twenty years remaining. Balance can be forgiven, but they pay his on the balance here? they are in a teaching position government's position, situate, Then that is reduced to ten years

then their loans can be forgiven and there is no tax consequence. The two choice. I see them make, are either living in and credit, frugally for that a few years orgy of servicing the interest and vain that there will be some changes- the federal alone debt crisis that were in his any advice that you could offer these students on how to face this mountain of debt. That thereunder we talked all the time I spoke to a Denison while back and its shocking how expensive dental schools these days. I told you we the most expensive educational, professional school. It like it is more than typical med school and we should also gonna fellowship or something or some kind of specialization, and then

but most of it at your feet, mounted her residency and generally go get paid me I gotta hot out, it'll do not anyway, what what I teach docks and lawyers too for that matter and dentists would follow the same equation, it is simply this not number one. You know to twenty years to have to you number two, only ten years to have alive and hope the government gives it to you. That's, not a bad. I want to make that suddenly the government's gonna grow a brain that thrill don't count on their show the way, I view it is this. This of men and women that you're talking to a convocation mark. Very unusual in

two areas number one they have a high intellect because you cannot get through dental school of your stupid. Ok, Vietnam Marguerite Number two they up much more so than the general population. They have the ability to delay pleasure for a grey, good. In other words, I've gone to school a lot longer than anybody else. Why, today, Do a career that they desperately wanted to be an obviously and because they they make a lot of money doing it lighter, and so they they delayed moving into the marketplace by force. Cheers more general population in order to a greater good, so they have this amazing ability to see in the future a good thing and sacrificed to get it. That's emotional maturity! That's a ball above the general population because you can't get their med school devils go. If you don't

here's what happens as a result. I work with dogs out with a doctor to day is a matter of fact. I was news finances, but we were actually both talking about this what normally happens is I call it dark. Eyed US data they been, during their breath, foresee Spain, eighteen twenty years of school and they finally ring the Bell and its game on. Finally, I'm here a in the promised land, the land of milk and honey and they pushed their student. To the side mentally emotionally and mathematically, and they go by a W House and many of them, or by into practice indent Dental were within the first three years that they can afford. Now they ve got from a million dollars in there, and that's

guide us. It's like they held their breath for so long when they finally sailed. It just went crazy. And so what I say is you have the intellect? You have the emotional iq that is above the general population, use it don't come out of school and by Bmw. Don't come out of one by a practice, don't come out of school, and run your lifestyle up. You're, not a doctor, you're, not a dentist. Europe broke dentist back very good and act. That way until you get these loans coined up and most The may make eighty year one, but I think the average out there after about three years is probably between one thirty in one. Fifty, would you agree with that number one, fifty yeah, ok and so train that eighty up to one fifty over three years and we keep living like we're a graduate student. Three hundred fifty thousand is almost gone three to four.

Yours I could be deaf free. Then they have the red did, did it before more years, we're seventy. Years out. You can buy a practice for cash. That's what I teach him now. Can I get them all to do it I can't get any body of all to do anything, but I teach them here's your natural propensity is: you are set on the edge of a major screw up called dark, eyed us you're about to exile, and it's all go look stupid, wonderful advice, How I appreciate you doing this for them and appreciate your colony in its because honestly actors and dentists, their stereo type, Naturally, those on this in the financial world there there all of them, but it's a stereotyped them either laughably broke their laughably horrible with money for such for people kinda like there absolutely have, mostly when it comes to money, and it's almost like a football.

Layer that made so much money ends up broke in only how'd. You like going to my ear and broke same thing with a dark, but someone some of them to really really well. Most people say they are not very good money. Can choose for there not to be. The case they have the intellect and the ability to delay pledge that puts us our that I've Ramsay Show and works or be back with you before. You know it. In the mean time. Remember, there's all german. We only one way to financial piece of extra walk daily with the prince of bees. Rice, Jesus AIDS, breakdowns in senior executive police are for the show. You know you can illicit or watched anywhere with the daily and who shall have your smartphone catch, the full show or watch the highlights and check out days guests had the asteroids downloaded today,

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 Christian, ensure wherever you listen about gas hates J. Producer of the Dave. Ramsay show this