From the head waters of Ramsay Solution Broadcasting from a dollar car rental studios heads the day, Ramsay show what matters DOM dashes gang in the pay of mortgage has taken the place of the Bmw status symbol of jobs. They were actually your host. You jump in we'll talk about your life in your money. Chris Oaken Ramsay personality number one by selling author- is my co host today, here on their we'll. Take your calls a triple eight eight to five five, two to five: that's triple eight, eight to five five two five and

are the San Francisco. How you? How are you even grows, I'm a little bit more. No shortages. Meat, from my note, I have to rely on our late thirties and then babies that's got. Then we have then come of about three hundred Kay to buy a primary health with cash, but wanted to ask whether you had a formula to calculate how much we spending as a percentage of our network, which is about two million good for you. are you guys have been intentional une? How much of you all save for a down payment on the home? Oh, but we I mean you would use some of your two million dollar net worth. While so I would say about a million of it is in investment, biogas technically in retirement right programme and you not own home. Today we do it was that it was a tree,

three Ramsay House arm is currently being granted out in London, land learning and we're trying to get rid of it up or ok, yeah. Well, we found now we have talked to. We did a book with Chris that he did caught called everyday millionaires. We studied ten, thousand millionaires alive, of them were in your range, and, and so what we can draw from. That is what they did and by and large they were somewhere between on two may and dollar net worth they would be somewhere between twenty five to fifty percent of their network would be in their house. We did. Find them with. We do not find people to me and our network living in a million a half hour that be three quarters of a seventy five percent internet worth in your house. That would be unhealthy and.

The other thing we found was the larger your net worth the smaller the percentage of Europe, worth Zena House so large. Have you got a hundred? May an otter net worth you would not have repression in your house that I wouldn't make now big we're Libya by a very small percentage them so your case. You make a lot of money and young out And you're in Freaking San Francisco expensive, so I'm gonna be at fifty percent or less of your. worth in your house and that lines with your million dollars and you ve- got investments? Racket got two million dollars pretty comfortably because two years from now it won't be

fifty percent of their network anymore. Three years from now, five years from now ten years from now the rest of your network will grow. Now our house value will grow, but it won't gross fast as the rest of your NASDAQ, because you get a huge income and your big savers, you ve done a wonderful job. Saving in investing and you're gonna have to stomach by b of that dollar about coming out of your net worth. writers are not coming back. Wives. Railway networks are being so yeah. It's actually coming out of investments to write the checks of that's the thing that I'd caution you on is don't rationalize, we'll get a mortgage and we'll just pay it off ass. Normal now go with this with cash and you you said this long distance landlord planned out. That's a recipe for headache and get rid of that. I would get that bad boy marketing. Did it sold Maybe you look at adding that, along with you know that what you're doing with your home? So if you want seven fifty two may and how does it feel to you, Gary honestly, because we want to have kids at some point in You know I'm from complete soon, actually in the near future

and so I guess in my mind, I used all my husband over here talking as this bender he talking about wanting to via the kitchen homely that Julie wanting to do all this stuff, and I just think How much should we be CVS for children- I guess sure. That's you got saying this on women. If you, if you quit and came home to be with kids in the future, how much of the three hundred k income as you go about, ok and so in the future. You might be facing that so not I know my college you I want to draw back from that then, but again, San Francisco, where you are in that market recharge for error there, the I mean it than people of California, they're, probably lotta houses on the market, but I mean the values are going to drop eventually with all the other people escaping skipping, and so

huge migration. Oh it's out there, so it doesn't. Numbers are astronaut already Dave, I'm a pajama spot moaning spending, any rights She say, and she doesn't want to spend as much as I gave her permission- know where it's ok, if you want I'll back, but I mean I don't know what you're buying for a half million dollars in San Francisco market strew. You might so you might be. I mean that that's probably a medium house price there will easily, depending on which suburb area now the husbands gonna have the ball back and is creating a wishlist not necessarily ought to do list and so having a vacation home and given all these things are bless his heart. He don't know what kids do when they come on the scene, they cost money, and so a conversation with in and make that less than that idea, and just do me the favor of this, whatever you do, do it with cash yeah as you guys are saving not because, like they ve said, you're, amazing savers donating, I dont, you guys can reach that and

Still a few drinks somewhere between I have made a million package for the house is the answer to your question: sullen Roma, and that Reynolds on the market she's already done with it and whatever. you got there is going to come back to you obviously share, be helpful, but you don't really really good job get up, you're really done actual drop open phone, the triple eight eight to five five, two to five twenty twenty one is almost here thousand, have the biggest new year's party. To say goodbye to the dumpster fire year? What a horrible year It's been a great and lotteries on wonderful things happened, but if just nastiness everywhere and people people people people, people, people be nice, we ve been through a lot this year. All of us have breathe azure, for Christmas and the new year in time enjoying who got is spent time in joint who you are where you are, where you're going,

Christy right has written a brand new devotional called living true forty days to get back to you be rest reset and start feeling like you again, team is using every reason to give stuff away. you can now pick up our life changing books and gives products about ninety percent off during our week long green Monday, sale and the proximity principle love your life There's audio books are only three dollars. The everyday millionaire book by Chris, it we were just discussing, is Ten dollars, sale totally make overturned dollar sale, so you could buy a case of books, ten Berkshire, something four hundred bucks. That takes care of a lot of people stocking staffers I'll, tell you something The almost all day, Ramsay dot com, backslash, store and get these great deals be sure you are checking on them, getting all that lined up so Chris you are now in my category. All your books are also for ten dollars. It's a little bit. It's a little bit

embarrassing solemn pretend? I'm have taught you to bring about that Davis too low a minor that let's try you can you can bet you about well there. That bears the conversation to break it. Ladies and gentlemen, the day rooms each year, Paypal this can comment. I love my burst: sonic toothbrush studies show that smiling, improves your physical and emotional health and makes you more likeable. The soft charcoal bristles powerfully remove plaque. Evelyn your teeth, wider, your smile brighter and your impressed

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use, they move that area now here in Colorado. Ah, then, there are fortunate enough to be no Linda, pretty thought after job. In fighting, you know enough about four months ago I was being virtue, the car in my class, Q. Is it I'm paying about twenty three hundred hours rent at the moment, and I realize I bit off way more than I can chew- a growing in common in Ireland? crude about seven thousand in credit card dead. In our I'm. No. By making the right decision in downtown gambling outer eat the downtown area com. You reside in Armenia, pick up a smaller place from any keeping the current very Lee making payments on international it's called beta. Corbett, I'm gonna go get that the picture. I come to work. And so what are you on the car.

I tell me about twenty one thousand of the card and what is your income so my my baby, that's technique. I've been in my body is about thirty, five thousand musically poker And your seven thousand origin credit card that Much to London do I ate internships had to jog your college, the bailiff, not afraid work and twenty three hundred is ridiculous in your situation. You do need down and rent. The mutton rent money that you're paying is forcing your hand on other stephanus which caused the credit card debt. You didn't, pay the rent with a credit card, but gave all your money away to rent, and so you have any money when you went about something and he used a credit card, does your house poor adapted its eaten? in its eating your lunch and somewhat you on the cheapest possible thing and then cut up the gun,

cards, assumes you get off the phone and it will be reported an attack those cards let's get out get out, get out, get moved and let's get on a tight budget. and are you working forty hours working by two hundred twenty hours fairly well,. No o t, I know, get evaluate. a job in our private equity. X and I'll. Tell you this body. I love the idea that you already have the mindset of downsizing. That shows you willing to sacrifice, but here's the thing that I would be concerned about even you downsize and you continue the habit you're doing you're gonna. continue to have credit card that Europe, continue to have a car payment. So not only should you downsize, but you need a shift in in your mind, set and just how you're looking at money, it's gotta be about cash. Buddy you're Come is going to continue to go based on your age or making a heck of a income, and it's gonna get bigger. What you ve

the do is make sure that you say about all: have cash, I'm not doing it right. I'm just not in so I want you to go to zero and attack that credit card dead than the car, and you say, I'm not going backwards anymore may think about with I have absolutely no payments right now and they live in a tree place unshaven for your first. I fear that that that's right the only about a year away for you, if you completely focusing on this that cause he's got a serious work in the coming decade, but boys going places you got that you're gonna, be just fine, sir. You don't really well now you may good decisions. Gary is in Lexington I Gary. How are you hungry you d better than I deserve. How can I help he had a place in a few years ago I had my grandparents had passed away and they laughed He said why and resignation piece of land, the name my mother and near my wife had decided to share that view,

somewhere else, we didn't want to live the earth really like the community, and now we are. Agenda where and my mom is taking care of, like all everything with it. All these years, like even with tax havens, we wanted to get away from our work I want to make fail. Our port and I've taught me a little bit about it and I dont know if she'd, I don't think she wants to achieve, or even in the house led. powerhouse- that's on Israel and think she wants to sell it. and I don't know the process morally, how to do it without damaging me, another processing. That would be the process, they started tell me how many a light into about sixty thousand acres at that is a big peace of mind. So what would be wrongly just platinum off and you got to take up the portion- is not improved and saw that and left her with thirty

There's no house. Have you ever thought about that? May A player will still be on the family ground. and you to sell off this area, another enough figure out how to configure it, get get an engine farm to help you draw the plot to where its benefits to your mom? Won't wait protect her, but we want to protect the memories and the family is much like family homestead as much as we can, and we want create a property line configuration that gives her. Privacy gives her a sense that something is not built over on top of her and that kind of them thing and you don't even have to take exactly half you could take less, ok, be generous to her. yeah. I do that that twenty five acres and she got forty depending on how the configuration works, yeah, yeah

I the looking at how receptive how do you think she will respond to that option you make thought about the internet like there to be ok with cheese. I lived there my alive this year. How much you don't let your road we run a user We can. I often what am I like road boy that is laid out? There is like an entrance into the property, and I don't know what the right a trusty right out. There always have the daylight and ease way in their proper here now I don't know that's gonna affected, figuration that I'm talking about some of the more road founded you ve got the more easier. This idea is- and the sounds like you have no road frontage- and so you're gonna, be operate. You're, giving an easement to the new owner near her house

there's one mounts too so now is this property till a bull is being farmed? Oars and work is timber. What is it is probable about? I think that party fibre, as you know, and in the rest of it where is it located in Kentucky yet in turkey- would have found a way about forty five minutes and marked London Corbett area Beautiful Erin. Yeah. We wanted by eyes out when you made there s, somebody might buy that almost as a hunting camp, yeah yeah. probably got some day or on it and Gary are you? Are you and only sibling, a yes tell me my mother, I think that's the way to look at it. that solves the problem in that way, you're not running her off the property, which is

Be very difficult: yeah you I cannot do it. You can do it legally, but it's gonna be emotionally destructive. Yeah, he had back pedal did not want to do. Is we have a growing relationship, and I want to do anything at all because the other programmes, other possibilities, are shifting money, she look at it, so she can't buy you out the other. but that's what I was able to another away, that she could them were arbiter. Gary dont, let this be a fly by conversation I want you to really sit down and formally you don't talk to your mom, acknowledge what the land means and what it meant to you and want to honour her and really help or understand this as a business transactions like don't come in as Gary the sun does come in and really presented and lay it out

and and and help her to begin the process. I wouldn't expect her to give you an answer on the spot, give her some time to process it and then follow up with her in a day or two at least ask a lot of questions and give a lot of honor get giving honour. It doesn't cost a thing and its appropriate in this situation. This is that they were empty shell.

Pressure them rooms. Your personality used, my coach today, open phones AAA eight to five five, two to five. If you're still looking for great Christmas deals, our team is using every reason they can to give stuff away ignore carved up to about. It Ninety percent of a whole bunch of items at our green Monday sale. That's going on our week. Our famous ten dollar say: oh still, here you get any of our number one by selling books for ten where's each stock up on the books. Help you in your loved ones, get out of that plan for retirement become an everyday millionaire. visit the online store day, Ramsay dot com

Petra is weathers in Jackson, my high Petra. How are you and how are you doing better than I deserve. How can we help they had been our daughter. We are on baby steps, glorified insects and my question is basically about how we Jackson so very expensive to move in and right now we are looking into I'm buying from and we cannot have three different options are looking at least by an affordable home I'm in Jackson, but with bad there's a lot of rules that go with that. So you don't really have much control about housing or your unit answer me. We don't be realised that we were looking into buying a home. There would be an hour away from you some, including which is quite a lot of people, do the boy there were looking to spending more money on gas

the letter harder for me to find a job, because I a stay at home on an arm Last one was we would, but you are we like the most is. We would stay in Jackson and we will continue to rent and we were looking into other. Maybe we having on Tuesday right now, I'm their money would be increasing arm so Once you guys and increase, we would be able to say some too, even though we are spending money on the ranch. Now I didn't now would be the decision and I'm kind of looking for wild guidance. You don't have to move an outsider Jackson to get rid of restrictions. We can afford these our homes and Jackson, just we can sort job roaming. Should the restrictions were too much what you didn't like me, so

We have like how you not opportunity in town there Sal units and affordable housing for the workforce that Therefore, there is no point, The restriction of thy online, I dont, let us agree with you. I would do that. What you're household income I'm here about sixty five Nokia and so it does not require. It does require that to get the price down that you get outside of Jackson, Ben dejection. I'll skiing, many times when the vendor Jackson many times wonderful town you're right, you're right it. It's up is a resort price range and there is a shortage of labour and all kinds of things. Show but shoot you dont have to move on our way to get the breakdown, Well, we could so we could thirty minutes, but even those housing is going for. If you look at our income is

it still going for the higher what we would like, I believe, I don't think you ve grown up enough to say here's. The thing what you are presenting to me are three options, and none of them are good and I'm going with d nor the about, our commuters, no fun or hunting is no fun and give housing in worker? How are restricted mass quote: affordable housing for workers is no good, so we ve got it. Keep searching divine another option any time I'm going to make a to make a decision in all my options or bad guess, I'm going to make a bad decision. That's right, and so you ve gotta you ve gotta, have more options. You got on how we're just gonna cat exactly but some way we're going. Far off I mean there's gotta be another way doing right and one of the options is looking at and figure out how to a get your income up, or You continue to ribbed, while you guys continued to save or you

get relocating, I mean you know it look at it. This I'm really begin to make a decision based on the information I have and so what you to connect with a real estate agent and have them do some leg work for you, so you can start to understand what those options really look like because, rather than an hour each way you you might be ok with that for a couple of months, but that's gonna get oh yeah. Now that I'm not I'm not. for that, not enough in that situation, thanks for the car, I more options. I do and I looked it up Dave the the be at home price and Jackson. Wyoming is one point: six million in twenty twenty trending up twenty three percent year over year, its astronomical I've been

Jackson up in the Caspian? I've been a river to my home in this is on another love. Well, that's picking up the risk that picking up the resort prices up around the ski slope, choker and that's drive in that way up. I got drown in town. That would not be true goodness. I can't I don't. I can't believe it's true I've that shit. That's like eight the national average? It's why Well, I know it's Jack Sarmiento, resort town, it's what you can have you're gonna have a higher thing I mean, but the other, some screwing that number that numbers off. I think anyone our phones triple eight eight to five. Five two to five Michael, is in Washington D C I, how are you day great. How can we have a question other father, you for like Mary, Naomi much another snowball effect a period of all, dead, all my bills, except one

I paid off, like maybe twenty four thousand dollars worth of debt. good for you here. Thank you. Thank you. have a with two thousand and two thousand like was all she hundred. are traded in another car. Get so like can in a hole, so was worth body to counter no owl two thousand is only worth twenty eight out of my he's dead? going home. I walk to jobs are going home, forty five hundred a month question sheep and got into my credit, is pretty good. Now had no credit card fraud, a much from across the mood and share my car, get alone, updated, deferential or is gold pieces. Whale applause, I only been yeah you're, if those numbers awry your screwed you're. So far in the hall, the cell, in the car, You still have thirty thousand hours and that when you sell it and milk arm now here's the thing

Twenty four thousand needed in one year right, ear, shot. more years are doing that you're? Out of this thing, I lack ok, that's why I was called in that becomes think it fell in our only be all forty three is worth twenty. six- twenty seven getting life change everything thousand along with no well like you just get there. You know what you might want to pay it down to where your break even and then sell it. Ok, ok but in the meantime, drive it and and just keep junk cause major. If you up and down at twenty four k a year, two thousand dollars a month right, then Europe, In eight or ten march, you're gonna have the car paid down to even then you could sell it and an advanced bought, something really super cheap pay cash for it. And then she gave up her move up in car. As you finish up your emergency fund, Michael take all the money you were paying out on the other that, as you were, working a snowball and now direct that money towards this car

he's gone. It's gonna take your minute. but here's what I learned. What I did my stupid many years ago, PD as Pre Day I had ass, you ve payment and it was seven hundred fifty dollars a month because lower pulling stupid. I know, don't don't do that. I'm already had a flashback by chill the bottom line is, is once you work and you pay that off each and every payment. You make its more confirmation of the lesson never again, and so frustration and irritation as you stroke that check that's what will make sure that your never in this position again?

don't take about ten months to get other states, and I think that's probably the best round, much much easier than trying to sell. I watch upside down. This is DR rooms. You share

pressure than Ramsay personality. Is my colleagues today open phones triple eight eight to five five, two to five? That's AAA eighty five, five, two to five Daniel: isn't: SALT Lake Kai Daniel? How are you doing great area at better than others are. How can we help like someone Oh my god, I'm gonna for questions me, my my wife. We make around a hundred thousand dollars a year. We have no credit dad there alone that we have a car payment of tropical fourteen thousand dollars

My problem is I'm in January. I am I'm leaving my job to go to school, full time. Somebody taking a huge acre we just work in my two days a week so and will we all had also have a problem about ninety, thousand dollars in cash in my bank, so I'm trying to think what is the best options like right now she does pay off my wife's car just with a fork. even that we're taking probably a forty thousand, are paid out for this year. cause you're doing very well known or pick up their stroke That really is not now not even though, but because you are you pay it off. Today ok or sell it wanted to hear Gotta go where we should yeah, ok. So when it, what are you? What are you doing when you go back to school, for biology. Much to go on to

by lack management arab, my life I'll. some finishes at that I'm always want to do in other words, hotel industry for my whole life, andalusian funds didn't buy me get money in better living off of it. But if someone can eradicate do something, but I will ensure Washerwife MIKE. She makes this year she's getting close to sixty she under Un Photography business She then really well just the past three years. At the second more associates, she's doing she doing really well wonderful an end so you're going to pay for school out of the ninety, correct, ok and and cover living expenses shortfalls. If there are any but I need only to adjust our. I think there need to be any other junior. Do gesture lifestyle to be within her income brand. Do you have? Then you ok?

because my question would be this on me. I love the idea that you have this wildlife thought and you want to go down that path, but work and go to school at night. knock out. Some of these prerequisites community college for much cheaper and transfer that to well for your institution, pleasant, hotel, benzene, Morgan run. I knew it. I think I think I will like you know. Maybe ask this: master has just been beyond thirty. Result has been a while, since I've been the cause of bit, none goes back to college, so I'm coming to started off slowed actually paid by the end of the year. I could pop up. I work schedule for her patience, cannabis, Gary by taking them ah- one other thing to help pay up my card. eight years ago, probably downloads, now than fourteen. I probably span

fifteen hundred dollars on buying Bitcoin, and I'm probably made a hundred and twenty thousand dollars out of it. The aim of such a small amount. I guess I like I bought it. I just all left, never did anything with it. I know it's very risk either thing by the early putty body into it. Would you go with you? about that is implemented, saying you can cash out today, four hundred Grand Fisher So by not. I know that we should learn from each other. The process and finally called sunk, cost analysis. So if you dont care should out today. in the morning. You have reinvested a hundred thousand dollars in the bitcoin that should scare. Year binds out it's not fifteen hundred It's a hundred thousand

do you believe it there? You are re. Investing in others again ran. By nightfall dude cash. It A bit more than fifty percent of your freaking network. Yo is on the roulette table, all one rail of the dice it's in code if, if you really can shut out- and you may find out that this is funny money, but Hope you can. How did you do and ran to dream and run away run oh way, you know this is one of those things you guys, where Did you hear about this stuff out there and it sounds too good to be true. It is and you gotta be careful. You really do. I've talked to a lot of people that have been burned on this and on Fourchan,

have gone the route of even leverage investing schemes, which is Poland, money out of their house, invest which Anne we know now and so to speak, be smart. long term. Investing whenever you try to get rich quick. What I found as you end up, getting broke fast so you want to have a mindset are building wealth over time. I hope that you can cash out when you gotta do it tonight, I'm such back when I fifteen hundred turns into a hundred thousand. I'm really suspect that you that you're getting, I hope you can. I help you I will leave it there and I hope you don't find other things when you go, try to catch it out, but Those numbers are our bizarre and on an errand If you are able to catch it out, the danger is that you actually pulled off this crap wants and it's gonna tempt you to do it again show but you do whatever you want, but do, but I am not afraid.

Of alter high risk investments, and at a minimum, that's what we would call Bitcoin at a minimum. Looking a lot of other stuff to a whole lot of things about. was an alternative investment as well as an alternative courage. I don't buy currencies, on the other side is, if you can't do that. Other phone call you need to make us to a taxi opie, You can understand the realise gain on that, because you are going to deal with Uncle SAM on the ground and again you know, I think Daniel you walk in, the process of being very intentional with this and on the other side, to this wild live thing that you want to pursue. I want you to have a burning passion, for it not just be interested in it, cause you're to take a whole mother shift in life? And not doing that just to get away from the hotel industry other allotted that you can do without making this gonna lifestyle change. Now, that's true

involves a triple eight. Eight to five. Five two to five Nebraska is on the line. Logan is calling Hey Logan. What's up, good afternoon, MR answer? Mr Erdogan, thanks taken Michael Chirp, oil Still you guys are my wife and I were twenty nine point. Seven were a baby steps, seven might again or suddenly find. So. Thank you for your teaching forgot towards them. Thank you My question today and I commend it from two different angles, one as an individual and the second. As a coordinator, a lot of farmers and I formed in the past as well. My question is how in the world do you get started farming or the you get started farming without so much debt and then The coordinator, my question, is: how do I help Farmers who are in massive amounts of dead slowly to get their way out well

glad you too slowly, you're gonna, get out mobile time knew that the problem. That was most farmers they have just accepted like with allow small business. People live just accept that the only way to do it that and then they get real. My diagram. She didn't understand farming boy. Yes, I do understand business and I want to five hundred thousand other free contractor, looks like too and so I get it. I understand I'm sitting in a seventy million dollar building that are paid cash for so the doing this broadcast from a studio that cost millions of dollars. So the guy Stan large capital purchases in order to do business. Did I say There now shovel starting our farming today and I Ok, I'm not gonna borrow money home under well, I'm gonna do it with a cheap used, our patient crap tractor and

gonna pay cash for it, I'm gonna lease somebody's land because another might about the land and by the way, that's how I started this business. I started with a using somebody else's studio and I rented our office space until we could save up and pay cash for, and I didn't accept the idea that only hinder illustrators with their don't accept. The premise of this is that every institution, its Kelly decency, pretty certain funds greener for the day rancid. If you would like to hear Jeffrey scream line on the sound make sure you visit daydreams, show, we would laugh at you to international. Tell your story, money, Isn T always going. We talk about around here, get life. Changing advice on your career from my good friend and career experts can combine all makin 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, to keep calm and 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 will help create a plan to make your dream job a reality. You matter and you have what it takes joined. The conversation on the CAN Coleman show hear more from the Ramsay network, including the can com and shove. Where ever you listened about gas hates me,

Producer of the Dave Ramsay show this