Hey guys, James Childs producer of the day Brandish David, the team around spending time and their families, but we'll be back soon. They help you take a troll of your life, your money in twenty twenty one. In the meantime, put together, some of the best clips show for you do with joy. This is the best of the day ran from the headquarters of Ramsay Solutions, broadcasting from the dollar car rental studios. It's that Dave Ramsay Show that is dumb caches king in the pay it off. A mortgage has taken the place of the Bmw as status symbol, children, I'm day rooms you, your hosts, thanks for joining us, open phones, AAA eight to five five, two to five Michael O today, you're on their doktor John D, lonely Ramsay personality, we're here to answer your questions about your life and your money. ripple eight eight to five five two to five. Michel is

But time is welcome, but the day Ramsay Show. How can we help. My uncle Bay. What's wrong outcome, I'm calling all would like to hope that I love you. I love you so much better A car and create a car medical bit because of you waited go the quite worth of equipment today is that a mafia, Anthony and I are getting married and getting married tomorrow to my congratulations are yet where yet there I mean, after this year you know Bob had called it like me the climate fund aid we give in Europe Langley deciding when it can go ahead and get married this year. We want do something big next year with everybody ass, an wow because of one starting with our marry again Together, we have no question as far as how pay off and there have been combined powerful, crow.

Waiting there for him. He has basically five hundred dollar work truck five thousand dollar personal track our credit card breathing. Then he went out medical and then he owes weapon dollars on his house, and that too is a personal, long budgets, GAD, zero percent or me. a hundred and thirty thousand, and I have a. How did I get guy you here and now that I owe two hundred thousand I and sell it? I think it was their fight to thirty two. Forty and my question. Is there? You were thinking that gonna wanna do is probably Lou. We're here is that you our out and dangers. Can you back and forth? I can currently masses Nevertheless, out like a charge them right,

maybe have them take over the mortgage, but I will leave that. Should I the? How should I really he arranged them by natural for how long Should I waited see somebody, good, Lord LAW, the law going to start With- let's just the you train, your pronouns when you get married. no longer his house, your house at our house. no longer? My dad is that it's our debt, is no longer his income, my income at showering so You become french Wee wee, wee? Ok, we? What are we going to? Do? the house I used to live in that my sisters were still in. What are we going to do with this big but student alone? What are we gonna do with this truck and so on?

and I'm sorry if, once you start kind of real looking at that way, then it's gonna help you and I were you, don't have to list of things after your married. You have one list of things and show where, you're playing, live in the home that he owes his dad twelve thousand, and does he have a first mortgage in addition to that? now that is the first market of twelve thousand dollars that houses paid for that birthday. Our he out of fifteen, show I think your sisters me to look for a place to live and you need to sell both of your properties, not not like weak, but within coming they need to be gone and you need to have the house on the market, but bring in you can be you coming gentle with them, but you're, not opposition to be a landlord. Your true broke her

five thousand stood alone that that's broke. Ok, Show and then you guys, look at the car situation and you look at your debts and we list all of our debts after the two houses are sold, except the home polish to largest a minimum payments on everything, but the little one an attack them and work them to gather in that order. What what were you How shall income beam after tomorrow. Oh my our income, our income Bay tomorrow, I think a hundred and thirty all right. Great. Will you the plow right through this won't you get organised and focused on it. Together. This Gonna be really exciting for you, like a lot of progress really fast, but you're going amputating some crap out of your life. I also have about wondering Mamma. You gave it a thousand the wedding and

the hair, like seventeen thousand dollars in a wide array? More contribution? I didn't know you bet, draw their better give me back there. I would leave him on leave retirement alone and any money that you have other than return. You used to work your baby, hold on lemme give you a wedding present. We're gonna shine you up for Ramsay Plush for a year and that in going through financial picture overstating closely every dollar app give you in your new husband, the tools to work together. This idea, combining things dangers relational dynamics doesn't the acts. It takes up the text, the mix of power I am glad of it more or less together, there's not yours and mine. There's not I've got some more than you ve gotta get less. You got its MRS hours, we ve gotta to renegotiate who we are ass person instead of mine, a nurse and there's a shame dynamic too. Of course,

bring if they bring a negative financial end of the thing they feel ashamed right like I should. I should have to clean it up. It's a mess I made in the other side of it is theirs. There's a there's, a power in feeling superior and bring any debt into this soda. That's yours that now, when you sign up, you sign up sometimes, I worry- that's right, richer for poor sickness and health unto the all. My worldly goods- I pledge Janusz, never hear that party more, but that's book when prayer, marriage, vows the old fashioned marriage ass. If you had heard them, a marriage ceremony in the fifties or forties authorities in this country. You always heard that and it got truncated and now people to write their own vows dislike on daisies and skill ass man. However, right about about I love you and Butterfly S, Gummy, candy and unicorns, and so by Gaberdine, bearing that there's theirs,

there's a pleasure in sickness and health for richer for poor on to them, all my worldly goods. I pledge there's a combination. There there's a combining there and it does. Way within it does away with the shame it does away with search grace it doesn't it powered unable to use your phrase, that's a great phrase and if such you up in a completely different way and stumbled into their shot and now it out just we will go on a budget together, because this practical impractical to run to checking account right impractical to try to run through different loves me on one house out. You just move for. I'm an efficiency got my first hour doing. Financial pressure is all about efficiency and people kept going here,

our marriage, Num, lock you at the wrong climate sex clash with down the hall like, but there are short figuring out this stuff is so intermingled relational that you really cannot separate. This is that I am sure.

Twenty twenty is over. Let's start this new year strong make sure your housing strategy is working for you. The right plan can lower your interest fees drastically and ultimately, have you paid off years before others talk to Churchill. Mortgage call triple a loan to Andred or Churchill mortgage dot com. This is a paid advertisements, animal s idea, one five, nine one: animal s: consumer access, dot, Org, equal housing, lender seventeen, forty nine Mallory Lane Sweet one hundred primitive, see three seven zero to seven. Your listening to the face of the Dave Rams issue will be back soon with more live contest sites for joining us America, Rachel Crews, Remsen personality, my co host on the air. Today, open phones AAA a two five five, two to five Brok, as well as in the brass guy Brok. Our YA

They even when it's over it's an honor to be speaking about to what's up so Eighteen years old I make about thirty thousand dollars a year. I save about fifty percent of my paycheck. enter your savings account, and then I have another moment that thing that you a hundred bucks a month, I'm interested in investing a real estate for not sure why is it good panda start that process the thing is. I am also interested in becoming a professional pilot on cash flying my pilots licences right now, also working on a fallback railroad. They volunteer fire, I'm a volunteer fire you're getting my wanted to license and then also empty tramp bell. I've got it trying to navigate this next season and how to get started and real estate? I love real estate

but I want you to finish your career gulls. First, that that's the You're spending on the pilot training or on the M t training is going to If you more money back and then real estate will give you Ro States, a wonderful investment, but education is a better investment. As an the question is firm for buying and how One would be a good time to do that at my stage. Or would you recommend my blood? What what's the timeframe there Brok about. If I were you at eighteen years old, I would rents despair couple of years before you really put. it's in the grounds, if you will because you are so so young there's so much opportunity that for you to be moving in a life change winder and are really crazy. Life change period of your life right now, graduate high school in May

yeah yeah yeah. So there is, can we Eliza? If I were you for sure, I would be renting and I would yes do exactly. He sat making sure all of your current efforts taken care of and as you get that going and building and sting and retirements than you for a house and then beyond that, looking into real estate as an investment but girl you're rocketed eighteens, I think you're. If beaches finds its rivals open phones, a triple eight eight to five five two to five William, is in Colorado. I William welcome that over amply a day how you do it better than I deserve. What's up Gabriel Merger talk to your wife, who, like my course I am glad the soldier out here, called out in a quagmire we need? A common in October doesn't pay blessing and we say we built a baby find up to ten thousand, because I had one abated that too

this will avoid October one I know there has been some can build a donkey pass them. We heard only where we won't get paid. Thankfully I have yet to be resolved. I don't believe in the greatest might happen. What have you? even though the baby steps to keep them are the baby funded at her a little bit. It's an event that they don't ask the bill. And then someone boys got report to be paid for Roma, who must have their ability without the wiser. Didn't you baby steps were taken away on all of the currently in October. Is it wise to have that Mexican still there? The cover extraction of raw materials are an act out, though it was like an active bill going on now now you're, fine Four percent chance of that happening is so low. I'm not worried about it. It has, once or twice every ten years, and I just not that

I'm not gonna worry about that. If I'm you, you get, you need a plough on through and if you get fur load, you just pick up some sad gigs. four allowed for a little bit later. the funding issue, but in all you're gonna there's no way. We know anything for and anywhere, but I Personally, if I were in your shoes will be comfortable enough as a federal employee, with these steadiness of my paycheck do not worry about it our list of Congress losing their minds. Many general tat what the autonomous territorial agenda, but I really don't I really don't think that's gonna happen, and when it does its usually very short term, in its political, more than financial or more than economic. So I it is worrying about something That has a low enough probability that it's actually going to occur. They caution

take action and sets out a bow, and you need to have a higher chance. The somebody's gonna happen for you just your plan. For sure I mean that general concern is out there, but if there was some situation that a specific bill with his specific employment and all of that really was going through active and there was a chance, you know that's kind of a different survives. That's different than a vague could accept. That's it. I'm saying at this more general concern, not something the plan for that. banners weathers ban is in Kentucky High Ban welcomed the diver amnesia. They have gone better than deserve. What's up My situation is basically I've got my dad. I've got a mortgage, and I've got and h back system that I just put in the house. down to deal with. age back system. Is it's a zero percent, a pr meaning? I dont pay interest on right now So I was wondering first off if you, I should just go ahead or not,

read a lot of your staff and you talk about the snowball effect, in paying off the small stuff first, so I was wondering, even though its a zero percent, a pr you recommend paying that off first before going more in on the market he's right now and this basically attacking the mortgage interest Bank Martha, might with a zero percent, a pr just a man, that I have two on age back and then that you don't have the other dat cracked, I know I have the mortgage interest thieves and with no credit card is now Carla's anything like that. Will then yeah. I wait. I would guess current- what the mortgage, but I won't pay extra and I would get this thing paid off because even though the zero interest as their mathematically. I understand you're you're thought process, but the emotional side of still owing that right, like they're still money to be. and so getting that out of your life completely building up that emergency funds and walking through the baby steps what do we started to rationalize so

Much of our money mistakes or decisions based on math end up in the day. It is so much more than math is so more the math and that's what you have to take into account that Yarmouth clearly understood what you're saying, but there is there's an emotional spiritual side to money that when you don't owe anyone anything things are to change the judgment to be free, you play games with you're, not gonna get wealthy with. money on a vacuum. The stricken Has he zero percent on my vacuum, a hearing in areas where I'm to a Geiger are your heating and air system. It just said no millionaire, wherever the zoo percent of my age rag caused me to become wealthy. This done come up being. staying that free and not having cash flow and not having stuff around my neck. When weird happens, is by far

superior that so yeah right, a Czech pay that off as soon as you possibly can and don't pay extra on your mortgage until you have that done and have a fully funded emergency fund. That simple you don't do it speaking of becoming millionaires. Smart, Mister preuss are the people that we recommend for you to do resting wealth and they'll help you the only time you should even think about an early withdrawal when things I'm crazy out there is to avoid it corruption or closure, and the bigger your emergency fund, the less you ve, gotta, think about taking out your time. So you get your retirement, and you, that alone, and you keep doing it. if you're ready to start retirement, roll over retirement started. Kids college fund do sitting don't know someone your corner with the heart of a teacher go to day, Ramsay, DOT, com, slice, smart vaster, actually dot com, sledge, smart, vesture,.

and we'll get that are hooked up with a little drop down list. The smart, reproach in your area, and you will choose the one you want to with this is that I ran.

You're listening to the best of the day, brands issue will be back soon with more live content in the lobby of Ramsay solutions on the dead three stage, lancing K, LAR whether say guys, our yeah, you welcome welcome what do you guys will currently wherein Raleigh North Carolina, but were originally from Pittsburgh? Pennsylvania, broken welcome to Nashville and all the way over here to do a dead, free screen. Saying yes, and how much did you pay off? I just over two, seven thousand dollars very go along with this type and nineteen months girl and a range of income during winter. So we started technically around thirty six thousand dollars and went up to about eighty about. We have a little bit more to say about that in our story.

Ok, what our debt was, the twenty seven, our honeymoon, a car, a healer student loans. How long you been married, five years failures. So what happened nineteen months ago? What's the story on this, so Landon working in Pittsburgh and I was back in grad school and he was working for a university which got me the opportunity to go to school kind of debt free. But, along with that, we had to pay taxes on the tuition run which cut his paycheck in half, and we don't know about that whenever it happened, so it was instead of thirty six. There was about eighteen thousand dollars that he were. He was really bringing home, and so I got a job in the ensuing and while I would walk around, I was listening to the minimalist, sweat, Joshua Field, Melbourne and Ryan Nicotine S, and they kept talking about Dave, Ramsay and

they were out of date and we were living really frugal at that point, but we still had some dead and I wanted to get rid of it and so are. You said: that's just another: Castro. Wasn't I'm always ass. I regard another one gap, she's crazy. She won't stop talking about having you're just listen apply, but he a job offer in rally in November. won T seventeen and they wanted him to start in January of twenty eight June, and I still had to do my student teetering, and so I stayed in Pennsylvania. He moved to North Carolina, we paid for that entire move in cash. We took a few in October of twenty seven gene to kind of start that ball and down here we were managing a mortgage and an apparent and Finally sold the house, I was still in Pittsburgh. He was appear.

in our raleigh you'll end parents, I lived with my parents a fun five months and I can see the fund written all over your firstly, just looks like one for me I mean I was hours or so I had to pay for my life, master of Grad School, but then when I moved down to rally in May of twenty eighteen we found out, we were expecting so we had to gone into stork mode and so we paused until January if twenty nineteen when Morgan was born and we paid for all of his bills in cash and further but on everything, and then we gazelle intense right after that- and we were debt free by the end of twenty nineteen- so don't come to get lined up furnished. Oh yes, it was no longer warriors lined up in the housing, lined up and then go yet

Nineteen months both yet not yet, and it was all a god thing- I mean every step of the way. God was when the sergeant reaching. Now, I guess we're. Ok, Enron or you to our lives. What do you do? Emma, I t, specialist, ok Ferko better than than thirty six, yet I got mine ass TAT shut up her free. It agree wasn't so for you now. It sounded like a good idea at the time, but it got me to my job now because my undergrad within a diffrent tram field entirely. So now I'm teaching elementary and I was able to coordinate of p while I was in Pittsburgh and he was in rally solo. Your parents are on the road, but now my parents are dead, worrying involved, very bodies were so. What are you? Talkin, the key to getting out of that as you did. It lots of communication, a few huge yeah. through that. Yet we are closely for me because I was so I mean just another part

once a week or two and a half years like MRS. This is for real. This is definitely a big thing. And so we actually just take it again, this past January, before the quarantine head, and at that point we were that free, and so It was really high honor from the other side, giving the people who are still in that, but there weren't that many people in that we were all in lake baby, Sab three three being so. What are you two knuckle headed? Rick headed men who have brilliant? Why system on a podcast at a softened and change your heart. near her well directly, I mean listen to your wife. I mean TAT, is not that hard, just give it a shot. It's in. There is nothing wrong with it go for it. You have nothing, it's not gonna hurt,

Well he's making any less you're not gonna, go any further. I never had a pistol fat make us right amount of that that I get pissed off I'm about our thing, but not that doesn't that one doesn't get that unusually get people mad some way to go. You guys very proud of you who were your biggest cheerleaders. I think I parent Your parents have always been that free. I was the one who brought him in today due to their credit card, to get my credit score up. I never had a mother earth yeah. Our parents were huge motivators, burger burger Congratulations you guys again. We are very, very proud of you. Thanks for leading the class, those changes, everything very well done, so did you bring Morgan? Aren't you gonna get an odd overwhelmingly holders. Morgan Morgan is a year and a half year you hear very little right now we get a copy of four thousand spoke for you.

day? Millionaires. That's the next chapter in your story for sure glancing, Kalen, Morgan, Raleigh, North Carolina, twenty seven thousand dollars paid up in nineteen months. Thirty, six to eighty income counted down. Let's hear a debt varies, grew three, two one is how it's done right here. So how often in higher? Do you see people taken job? He was underpaid in thirty six right, because it wife could give radiation, and then I that the free tuition was so expensive that they, access on alone were more expensive than to issue other places. Like my experiences I won't

My colleagues, some of my colleagues are Souci, were or so smart that we figure out some really remarkable ways to get things done and alternative ways than in a costume. About as much as we just gone straight through it. Just we we do a lot of it's an old Dionne Sanders pot return right where he would run a hundred and fifty yards laterally and make thirty two yards down field of energy just to get rid of it so yeah, that happened to sneak up on you now that some wildly it's just not a calculation that most people noted a right and you get there first check in and you like what you just goes. There's a few ways around just slogan through it can do in the hard everyday work.

our case. It worked out at the end, but it is registered it didn't it costs more than I thought for its own down to and so that a push their way through it, but they manage to get through done beautiful, baby life set to great careers. Here we go game on game on game on very well done. You gonna baby will never know going to listen to his wife. Now nets lands. I am well most, those back most in most of the sawhorse pod. Guess where that matter, how many? How many us holds across the country the dinner starts with

listen to a broadcast. I know what I say that my wife, her head, discuss cash, looks at the table here we go again about. I told you to start heads exact thought. I told you to quit literate, but you said you were going to buy every once in a while pot gas, a change of family cheery. So well done you change your family. Carry! This is the day Ramses.

Your listening to the best Dave, Ramsay ship, we'll be back soon with more like content, parameter, bursts out and result in my go out today on the day brand plea shoved Jennifer as an alibi, Ma Jennifer. How can we help? My guys based were taken. My call- and we have a little bit of a unique situation- were in baby settee right now,. in another cherry, and we just recently got a boner the military bout. I knew the girl we had a house at another based Siberia and now its urban full house, because. I know where to go down to the thousand dollars. That is our emergency fund, I'm about

leaving my job can removing and were worried that if something happens with the rental how's that we won't have the money to cover that mortgage yeah because of like security clearance of their. What not we have he asked me to pay is built of course, Should I many away in a different account, just in case they happened for their rental house before taking backbone, have been putting it all towards the bunch of debt that we have I guess Knowing- and I dont know what to do the subtle Electra sighed over in the Rental house, account that's a separate business and you're holding retained earnings, and it said from my personal stuff, although technically you're on it, but I would just do that. Why you're getting it sold, you need to sell at home now we are. We are going to sell it absolutely next year we're gonna sell it on my Bush because we're PTSD right now and the amount of to get it at to sallying sound, that we would need. I was going to go out next year and the other thing myself

You're not paint now I mean just yet. They were saying, to get it ready at six thousand dollars when everyone who is here I believe you can server how their Ireland for manager she had got a bunch of close together and listen here. Do you ever see? How much do you own this home We owe a hundred and twenty three thousand. What do you think it's worth We could go around a wine, fifty two, ok for it, and soon the payment on this mortgages, how much this Runnel property an eight seventy ok What other debt do you all have outside of this rental Oh boy, here we go about a hundred and eighty thousand what Britain what is it One thing I have about

four thousand and stood alone. We have a bunch of credit card and we had a car alone do how much the car alone, Turkey's out ok, what should agree on accounting, and you're, not working. Why Why would the covered taking everything I was a school bus driver? Why you re an accounting or your school? I don't have it yet. I'm like I'm selling cars, life on getting my degree, though I am I taking the Landau and actually using my husband's gee. I built up the whole one thing, though, I'm just I'm getting their next to finish, my accounting degree encourage good first more. and yet I think the house needs to go sooner than later I don't wanna delay at every day. It sits there it's a problem looking for used to happen. Yo and everyday sits there. That's

what the net of this is gonna be twenty, as thousand for the record that you could use towards a write something very biased and another thing? We need to wait a year on the outside. Somehow we need to make this a priority, and so If you guys are moving now when are you moving actually well, here's a situation that my husband isn't allowed screw, but we goodbye out before him Peter to pay Paul University thing it and that we should now bought him out, and so now he not allowed to move. But we find out that I can go ahead. It I'm a little and then gonna get at my place appear town is called. The thing is, He can put a gown down around the military is moving him, but there, but he's not allowed to move

ok so that military right now the covert thing some of them are not allowed to move right, but we ve got a house in April. So the wise, you know kid the family to move ahead of time, of course, that he is not allowed to move and tell they gave them, given him, they ve, given him new orders. Turning and that is soon is covered, clears ok, actually and where? Where is that? Florida and you bought a house already there in Florida, and show your moving without him, you in the chair, when in about two weeks, when did you buy that house in April in the middle of it you re right when he knew they were allowed him to move.

Yeah. We were about two days after the coveting first started. We could offer anyhow because we knew we were moving down there and then, when they put some movement together back in time we had just. We were today the waves. Thing Jennifer. are you telling us based on the math, you said you all have a hundred eighty thousand endeth, excluding the home eighty were thousands of student loans at thirteen thousand and Carlo carves. So are you tellin us? You have eighty three thousand and credit card debt and that in a long time, and we did you- you did say- you went through from entropy feverishly recently yeah we did by the programme and then were actually take. You wanted the classes once a week. Right now here. You got a lot of different things, going on only to finish the accounting degree when you get there, move to you soon as the military will. Let him and when you get there, the household Europe as soon as possible. Because-

It's your income up above bus driver up into accounting You can pay this ridiculous mess off with his help it, rather than other. How shall you can do that? Shall all of that together down again? Do it as quickly as we possibly can but in the meantime the I would hold a little boat back for the emergency cause. You got no margin right now to get a huge power that, and you got like seventy three variables implied spending. When things down little bed and the house. It's sold and you get settled. You're gonna pull back and do your baby step. One too order, but right now, you're in a transition period so you're not even hit the baby steps, your own pause. You know your pay off a bunch of debts, european cash get the house soul, get moved, get your owning stuff started back in then push play on your baby steps until then you're running the cash to execute everybody that, because you ve gotta, get a lot of rights that are spending, and sometimes we gotta keep em rolling down,

take on any more debt like nothing coming seriously, not a thing! You guys are you you're trying to do sophisticated stuff and what we want you to do stuff their works and days right being intentional, piling up money, but really- and truly you all unifying together in thinking. What's the step we are taking and what's in the best interests of the family moved forward, and so this is gonna be crucial that you this and listen. I know you bought financial Peace University. I want you to watch it like Goethe, go to the class yeah because owning it and going through? It are two different things. So what I hear is you guys are very busy people people of action- and some of you actions prior to learning about the stuff for teaching. You have Of course, you message and so What you need is lay out a very detailed eggs

plan, and then all of your action needs to be executing them land to get these paid get this house gone, get the accounting to refinished all that's part of the same picture, and let all of your action orientation that you have been directed that instead of getting off the getting off the path and getting into a mess dave, I know you have a hard for a military. Just like I do. I ve spent a lot of time with them. They can get cold and moved around. Quite often at what point do you need to be sitting still before? You would advise someone in the military to buy a home most that? it's five years and the inversion of more than years right, emotional, somewhere on location, two years and so much, cases dont buy a, and these are all exact reasons. Why? Right, because that House caught in the market. They did not set out to have a rental property across, and I go there and- and I moved right and in the house a sitting. There And so you become a landlord by default, sprinkled all over every you, ve

and show you get into a mass? But I thank you for your services country. We pressure you, that's exactly. What we would do is executed push paws on everything right now. Polyp cash work your way through those step and then push play again. This is that I am sure this is James. Childs producer of the day, Ramsay show once again you made the day. Ramsay show one of the top floor. Most popular pie CAS last get your daily doesnt motivation and inspiration from the ranch in our six cried Polyxena. Wherever you listen to parliament,

money isn't the only then can we talk about around here? Get life. Changing advice on your career, for my good friend and career expert can combine all my can com and show. According to a recent Gallup poll, nearly seventy percent of Americans are disengaged at work. If you dread going into work every Monday morning and you're just trying to make it to the weekend, it can Coleman show is for you, everyone has a sweet spot. You're sweet spot is at the intersection of your greatest talent in greatest passion. We will help you discover what it is. You were born to do and then we'll help you create a plan to make your dream job a reality. You matter and you have what it takes, joined the conversation on the can com and show here more from the Ramsay network, including Likin com and shove, where ever you listen defied, guess: hey, it's just producer of the Dave Ramsay show this. So it is over but check the episode notes for links to products and services you ve heard about during this episode