From my head borders, Ramsay Solutions broadcasting from a dollar thirty hours, that's the day, Ramsay shut down just paid off and it has taken the place of the Bmw, something I am they rooms you, your hosts, thank you for joining us, open phones, AAA eight to five five, two to five: that's Tripoli, eight to five five, two to five. Thanks for joining us.

Brand is a bread is with us in Pensacola, high bred. How are you getting taken? My com sure? What's up, logical problem. The mayor financial problem grown up we didn't have a whole lot and I have saved is, but I can, and I met a point, my life, where I think I'm ok but mentally feel like I'm, ok, I guess most people went by. Never really feel like they. Ve got enough. So that's kind of my problem how much do you have in your listing? If you add up all my investments about two point: five, none about ten point: five million. We are none to supervise, ok, good good for you and you started

Nothing you said right, you grew up with me. I got out of the military and five and I Nicholls derived together. So how are you fifty six and what do you make a year these days? Well, no? It varies between two fifty three fifty. And what would be an example of something that you think a normal person. With two and a half million dollars, as if that's normal I wouldn't know what a normal person sudden money on that you'd that you psychologically don't feel like you. Can Well, you know it's funny. I mean I talked a lot of people and I've searched many a website, and then I came across your show, which I do learned of not long ago, and you don't you always want beneficial. I guess it is it enough about some people think

and I ve been a month- is enough: fifteen thousand among twenty that animals live comfortably on. You know, did you just don't know so? I'm quite frugal got my it's crazy, calculating our finances every place a month, So what did you know? Luxury item you guys are in the last five years, but what am I got it wrong portion? My garage looked like a hologram, little more mourner go what's the biggest thing she's bought her rent, a car, I raindrop. Ok, you got a couple nice cars having drawn up by my own. That's one Yes, I do that does not weaken assure you, the urine goodness shaped drab, both those cars I would drive cars. If I were in your shoes, I think that's fine, so here's the thing that I have for you, as far as joining money. Theirs,

Someone from what you're asking me as I can I enjoy this How do I know because I can't enjoy it? If I don't think it's enough the correct, if I heard your right, that's what I was hearing enacted Happens a lot to those of us that started from nothing. In my case, I have another became a millionaire and they went bankrupt before I was twenty eight and had to start again cause I'm stupid Show I'm sure I've you're not gonna, have that figure in the back of my head. You know that Black clouds psychologically hovering oil in the back back there, like, oh god, and you don't, even if you don't think I do your ass, my wife she's got a bigger, went out and if we could have for debt, unlike darling, we can definitely afford that are just, but so the thing that help me do. That is I. Learned that I can. Allow myself to enjoy money easier. If I'm doing two things

One is my generosity is high. If I'm giving, then it's ok for me to drive a port. You know that helps me the porch more, I think if I was stopped up- and I would never giving anything not helping anybody with any of the money, then it will be harder to. The porch ok and so like a driver. Really really. I've got several really nice course. I'm a card geek and I've got ridiculous money cars, but as a percentage of my net worth, which is the second thing and as a percentage of my giving though there really ridiculously nice. Cars like you, have really wonderful cars, but you know, as an example. In your case, you ve got but let's say hundreds without knowing where the cars are pretty down over the car sitting there, and if, if you give up three thousand dollars a year. Then that's gonna make

hard for you to enjoy their cars, then some generosity, factor in ratio to what you're enjoy in whatever it is. If you travel and negotiate a hundred, travel and you only give too. Thousand dollars away a year. You can't be harder to enjoy the travel because you're becoming a hidden, you're becoming inward facing and selfish. And greedy kind of a person, even though you didn't mean to the generosity, help break that down. In your spirit, if your soul a little cleaner, In writing. I look out, as I look at ratios that's what I'm doing with cars. A hundred and studied Marshal the cars as a percentage of two and a half million is nothing if you those carried out in keep the bush in the garage? Usually I drive a ring, but if you took all your cars and put on the front yard, with no insurance set fire to your life, really doesn't change your left unchanged

It's a small enough percentage of your world that it to enjoy because you're not out, but you take a guy who making. I'm sick. Our knowledge a year and has a negative net worth with student loans, and he drives a fifty thousand dollar car. You know in those guys, all over America right and see that makes it that not only makes that car stupid, but it makes it harder. Who enjoy, but The ratios, you're out of whack he's got too much of it. I've tied up in luxury, things if a girl's got ring on her hand- and that is the entire couples net worth it or to enjoy that ring. Where Sharon is like she's got yet this ridiculously wonderful ring looks like a headline, but we got married, it was we got married. I mean she got up to a point to three: it wasn't even a full forth of a carrot, I once in the safe because its nostalgic, but

I wouldn't even show up around the ring that she's got. You know a lot of ragging, I'm just saying it's here because we worked so hard you and me both regional, many years, if my job Osity is up there. I find I can enjoy a portion of my wealth and if it's a scam, a portion of my wealth small enough, then I can enjoy, we can go on a luxurious trip that caution. More than we used to making a year back in the day. You know, and you are right there and you could answer that. You know you could to end its difficult is its violets, a high percentage of your emotional memory. Its a high percentage of your current world. It allows you to enjoy it shall hold on. I will send you a copy of the only book of written on this subject: wealth all my other books, your money,

a road or wealth caught the legacy churning out. Warn you haven't time its Christian, because a show me where you can view wealth and keep it imbalance, and so suddenly book of written, that's exclusively christian. If you're not crushing, really boning joy, throw it away or use it for a common culture labour, but I think you'll get something out of a long or short guardian When can you get the best of both worlds, not very often right. Well, with the I secured program at Churchill mortgage it's possible, you can here a low right now to nail down your budget and every drop while you're shopping for home, though I view the lower rate, so, if you're buying a home this year, you'd be crazy not to call Churchill and get your right. Secured now,

Churchill, mortgage dotcom are called triple eight loan. Two hundred this, the paid advertisement, animal s idea, one: five: nine one: Animalised consumer access, dot, Org, equal housing, lender, seven, sixty one old, Hickory Boulevard, Brentwood Tennessee. Three: seventy zero to seven. And is with us in San Francisco. Hyaena welcome other Abrahams show that does not speak with you you to watch my request. I've never heard you addressed before, and my husband works for a nonprofit organ nation coming up on thirty years ago, and when you look-

organization, king, was in this twenty, if not only thinking about future retirement and also less cares for three be there and, just wondering in their way, we can be treated as on. How do we get back? Now he owns it, one hundred percent and it should be sitting there. Please God on account number or some connectivity to them, hopefully they ve, given him some kind of a report. Over the years I ve always omens. About it before they said here we have no way to locate that or carried out in an empty atomic gave up on it, but I so how do we get a hold of that without number or do we keep pursuing at buttons. We push well the forum, Three b is not their property, it's his property, ok, ok, and just because, He left it. There doesn't mean they were allowed through you'd, lose it or spend it and so

it's kind of like I left a bag of money in your basement and you're telling me you can't find it it's my money. I would suggest you find it. That kind of a failed at my tenacious about yeah, I'm not out. You know, I'm not gonna big outline. How much money do you think was there. You know why It was a it's. How much would touch, maybe maybe byword, seven thousand dollars. Thirty years ago, depending on how to invest that it could be worth three or four times that now I don't know what it was invested in and he has no memory of it whatsoever. Not very much here, not even I like twenty three now he's no records of any kind but we can get our hands on a sort of before the digital age. How can you not sure what I would do just call the director at the non profit? and you say,

I need some help because this monies they are somewhere and you have a moral and legal obligation to find it. I need you to do that like this week. Ok, I can do that. I just didn't know It was as it was, a lost cause about, but now that I know that it will be on that probably gonna be registered under so scurried number to this problem Count may be associated with that number in some way. Turkey is Evans. Will Indiana high Ricky? How are you I'm going. Are you Dave better than I deserve? What's up? Well, I had not fix, The girl, I had gotten a better job and of coercion, I kinda lotteries will make some bad choices. And now I have a vehicle that I'm upside down on. I really don't know what to do about it. I'm much do you alone want fifty three and what would bring

at thirty five, where you get their number just days. Eighteen model in it as a thousand miles on it? Is that the majority of the time and the only reason I bought it, was to get rid of her mother? dollar vehicles, You're a little negative equity, and this is exactly how much negative according to your role into this, and now that we know your ten upside down So what you need to do is gone Kelly Blue Book and I could be dot com and pull up. What I I've sail on the vehicle would bring if you to a private individual, nodded wholesale to a dealer. That's gonna be lass, ruin much out of it as we can. You don't have any money. We have any money giving money. Now. Ok, that's not saved up. That's what I mean I would be money. Do you have any investments that aren't retirement investments,

I am just starting to realize made from that the choice of whether to clean it up What are you? What are you make a year? Ninety five, how good your credit. Terrible at the moment. Are you single married that separated and what posed alone with? thank God knows Yulka good aren't. So, let's figure out what it's worth less pretend that it is thirty five which would make you ten eighteen, thousand dollars in the whole. Ok, that's pretend that accurate, if you sell the car, the only way do that, as you have to come up with eighteen thousand dollars, because your bank has the title, and the buyer Would hand you thirty five you'd be eighteen short to get the title to give to the buyer game

The good news is your bank already has a thirty five thousand dollar alone and in eighteen thousand dollar Unscared Lundy you, because I that of collateral to cover this loan right. So they already in a sense seven. Eighteen thousand other unsecured, because that's how much the cars worth right so what I would do is go sit down in person in the bank with the bank branch manager that you deal with and show them where you are and say I have to get out of this I need you to release the title and let me sign a note for this. In two thousand and ten Hey payments on the eighteen thousand and clean it up like it was a credit card. Ok, I've never done it and that's how you get out of an upside down car in your situation? Hopefully Europe, about the thirty five. You'Re- probably not a lot wrong. Now you might be three,

You might be thirty, eight of its thirty eight you fifteen thousand, maybe that's it, but making five. You complain that up real fast, depending on how much sting out of this divorce or when you guys get back together, maybe that would be a bit thing and you guys are able to work through all of your dad's, including that one, but that it's a really really good thing to get rid of and you ve obvious, obviously, and over your head. I thanks for the gall torture our shea is with us in rally torture. How are you I'm getting yourself better than I deserve. What's up, Because I want to advise on most possibilities are currently working at a job, we're on a lot about time. I can do other screens in times like another state aids to

I can now that contains also like my life, and I can do that well have it down time at the shop. But it's like no advancement possibilities of things here and I do have a master's. I won't back to school too much got me school loan and I have a master's someone. Should I stay here? We're going to be. Their screens and increase my in found a job that makes more income but made as much down time be able to welcome my other nurture. What do you make now your day job? I'm thirty. Eight thousand, if you change careers, what the dramatic possible. I can go out, maybe sixty or seventy thousand. Lastly, with the Roma, roughly double your income give or take. If you had a good day. Ok, that's not a bad thing!

I'm doing what what would you be doing, then why our work in a private sector like like going to faint now not a luxury by the same field, but go into the private sector, and it plays a lot better rights, gotcha, ok, and what field are you a memoir biological feel. Ok, cool laboratory shall win powdery, I'm forty three four, forty three for three, What do you say? Yes, I'll catch you when you're fifty three one you be doing for career. I have my own businesses and that's why you know better all round it is it doing why get real estate Tavis real estate? as an agent arose that anyone on the roads by coming What to do in that letter

Am I a lot of money then, before you get to that point? So what get you there? The fastest taking the better job in the private sector, showing rogue state on the side. What get you there the fastest and that's the end these questions. This is the diver amnesia. To call the other day, and I thought it was worth talking about again. It was from a wife looking for life insurance for her family. She asked why I only recommend term life insurance system of cash value plans like whole life. I use

explain how you over pay for coverage, earn a horrible rate of interest and don't get your cash value when you die, but this time I just had to go straight disaster dot com and get a rate, and then we compare that right to the whole life plan and she immediately saw the huge savings. That's why I suggest. That everyone, gotta zander dot com or call them at eight hundred three five, six four to eighty two and get a free quote.

In the lobby of Ramsay solutions. Jan is weathers from Portland Main, a janitor warrior, hey Dave, how're you better than on deserve, for one means. A bit of a trap is sure, as we flew in last night, we fly out tomorrow morning, while will thank you for making the trip and all the way down here, to do a debt for each Graham, yes, Sir Coup and whose this with you this is my daughter. Sarah Sarah welcome good to have in very cool, so

sure we paid off a hundred and fifty two thousand dollars three hundred and forty one and fifty five cents love it and how long did it take it took six years and three months while ok and your range of encumber in that time I started at eighty four thousand and I ended last year or two hundred and forty thousand wow you do for a living, I'm a health care. I t consultant while you're killing it long ago. So I hear a story from my team that apparently I answered and email see two years ago, you were listening. Yes, and you are the answer. Yes, what's play that clip its fairly short, I wanna hear what we say. Absolutely the right questions from jail in Boston. I took a new job four months ago. That is not a good fit our roads, turning to move to another job that will double my income now job hopper. How long should Stick it out the new job from a moral standpoint. You're not

job hopper. You gotta worry about that. You know you went in there, it's not a good fit, it's not a good fit Hopefully your new position that w Income will be a good, feared I don't give a moral obligation to stay in something that's a bad fit now the thought Actually, when you have a better opportunity sitting mother in front of you well. That was easy. It was, it was so easy, but it was so hard making. The decision sounds pretty pretty exciting. Tell you how long after I am sure that that you quit. I called both of them the next morning, but I gave him three weeks like you suggested S. Sword employ the whole calabrian are also given three. We get our where they edited down: ok, cool God, ass and then on the way to two. Forty

already I pretty amazing Solomon, credible and its. It won't be forever it's it's a consulting job where I get to travel and can have a lot of fun and you'll get to see some great pictures of some travelling that I get to do on the weekends as well, but it will allow me the opportunity the then go back home and work close by and be close to family and do some more serving so it sounds like eighty four was most of the six year. It was a lot of it. It was three two three and a half, and then I made that quick jump and realize very quickly that it was not a good fit and that's when my salary really jumped show what kind of was the one fifty two was a couple of credit cards about just under three thousand on that about five thousand on a car I had healed in the amount of fifty three thousand and some change and then ninety one thousand on my mortgage, how much of the one fifty two was paid in the last two years,

probably close to a hundred, ok and there was a lot of cash flowing, also cashflow twenty thousand dollars worth of undergrad sociologist graduated in May of last year. Forty is well lava orchard agrarian, Sir biology minor in chemistry great white ago, good stuff recoup show you did it. Single, mom, Boston, eight hundred and fifty two thousand dollars how's. It feel it's amazing. It's amazing when you count up the funding of the fully funded emergency fund in the cash flowing of school. It well being, we were just reflecting on it here in the crowded wines have being somewhere around two hundred and eighty four hundred ninety thousand dollars, which is which, pretty surreal salon? It's pretty amazing, very cool, so what're you tell people the secret to getting out of debt and getting control of its is here

few- you have to do a budget every month. If you don't do a budget for the month, you lose money, it gets away from you your single, whether you're a single guy or single gal having and accountability partner, at least for the first couple years, what you're getting larger Sarah was yoga because she was sixteen when we first started and we're looking at colleges- and I had not heard of you- and I was thinking- oh my gosh, with all the steps and I'm gonna have to take on another. One thousand dollars in college debt or saddle her with it ends. She was my accountability partner, and that is exactly the only spent twenty grand exactly yes. Her dad helped with the other half of that, and so we cash load it together and Sarah actually work

during the summer and put money towards it as well. So as a group effort and I chose a school, we could afford yeah. That's what I'm thinking about a lot more like fifty. Yes, yet lots of scholarships worked very hard during the summer. Just like you say we got all that done so budget is important accountability partner and if you have opportunity to go through F, p, you it. It changed our lives. If we had not gone through it, we would still be in debt by a hundred and fifty thousand and probably another Hunter thousand more. So what about that lifted? You're out it was. It was I have been a single mom since there was a toddler, and so I've always done my own budget, but not well, I'm not going to spend her, but I didn't have the skill set that I needed and I had read a couple of books, but I do and have relied on our earning my my sloppiness. And so F p you when, when they first announced at church, I've never heard of it and the

the small piece of the announced during church, I heard help with college, and I my ears pricked up, and so that's why we went. I thought. Maybe we can figure out what to do about college, but it was the practical piece of here's how you do your buddy, You can't spend more than you make everything has to go somewhere so that you get two zero. Just that very simple road map was but I needed to turn it all around. Perfect. Very well done a great job. Great job. So Sarah was your biggest cheer later, yes, and and that's the methodology war proud of you. Thank you so now well, planned and sound like the career has just gone. Absolutely bananas. I had been so fortunate emanated tenure. We can't coalmines job on career staff. Here we copy of across organs book for you every day, millionaires you're on your way, you're gonna be one of those no doubt about,

but for this gonna income and no doubt and the ability to control it dollar, what to do when you got control of one life more difficult things very. Well, I'm proud of you a good start, Thank Day, is Jan answer from port. One main a mother daughter do oh here a hundred and fifty two thousand paid off in occurs on three months making eighty forty to forty counting down, let There are dead brief, three two one way: dad. Yes, man well down you guys very. Very very well done absolutely fabulous our question that comes from blinds dot com, the number an online retailer of custom window coverings, you get free samples, free shipping,

Promos every month you save money used oh god, it's magic, Ramsay MAGIC Word, Heather's and I'll over their questions, she says one of our vehicles quit running. We owe sixteen thousand towards twenty six hundred talk about stupid tax costs. To fix it, four thousand, our only option is to fix. It makes me want to reverse my snowball. Get this truck paid down before the next four thousand repair happened, so we can move on from this truck what'll. I do well. We don't it's not worth it six hundred dollars and you owe sixteen thousand on it. After its repaired. And so, if you're talking about because its a major repair number one you get two or three repeller repair that says you get two or three opinions of how you can fix it and we're just trying to.

The thing running, so we can get it so and selfishness two thousand on it and it takes it from a twenty hundred dollar value up to probably a ten thousand. Our value, which is probably more realistic and exertion drama. And this may be because you'd membership- don't converter I would very often shown you, I think you fix it. Please you can and then you sell it as quickly as you can and that's what you do and they get rid of it as fast as you possibly can now we'll keep the struck around this? Is this thing's a problem child hey, thank you for the,

This is the day. Ramsay show thanks for joining us America, this is the Dave. Ramsey show open phones of eight hundred and eighty eight eight thousand two hundred and fifty five to five

Chris, is with us in a North Dakota High Lucas welcome to the Dave better than I deserve. What's up to her question for you tell me, my life got sick. That aid offered it. Early solar home that we had them. I want to buy a new home where they could get what you want, but unobserved We are wondering, should we derive say that money, or should we put that into some sort of a calculated grow, we're looking about it that wasn't our own. I wanta get together about egg is I'd. Say three years are saving well. The problem, where's with mutual funds. I love mutual funds as long term investing in that's really about your only choice other than then? Just like money market account, Romani Margo,

I got really make you anything in there not that the problem as they go up and down a mean they're volatile, will start markets unpredictable for the long haul. You can predict that it's gonna go up and you'll be fine, and so the numbers tell us that ninety some odd per cent of the five year periods in history, have made money in a mutual fund in the stock market. But if you do down to three years. Only sixty seven percent two out of three times I dont want those odds, I'm not that big, a risk takers and when you ve got a three year window. I'm probably If I, in your shoes, I'm gonna use just a. Just a money market account, it's not gonna pay anything. It's sickening locus you're, not a loser either, I would hate for your hundred thousand. You know turn into seventy thousand or so like that where the market move down on you and it messed up your plea:

and I would rather you guys. You say that you ve got the ability, put the money together fairly quickly. You don't need the return on the investment to get to your go, we're just doing it when money out of your saving, I mean your income, your cash flow thirty, five thousand dollars a year side for three years and three thousand bucks a month, I think I would just do that and not worry about trying to make money on the money, because I don't want the risk Jack he's in Baltimore high Jackie, welcome that I've Ramsay show thanks for having me sure? What's up? Ok, that request and I'm a my stylist and I myself are offer a set- at all and ours are always punctuating fit all, different everything a week and there

right on going on time, because we have to put me back a bit slow growth really hard for me to say about money. I just purchased on the money made over the last months. I've been reading. The book is really have the biggest they bought for babies number one right now that I'm and living almost painted the paper. I may have an extremely kind you to do. Your fire was real problem. Is not your unpredictable and gum? You're provisional meant much income right You have an unpredictable income, the great three thousand a year. You wouldn't be column me with this now so you're here your promise, not you're, not working much, but so what are you making? What's your average month, pretty much the paddy evacuees out and your single in Baltimore Maryland. In your held on twenty five June. You're not making a living. That's your problem. And so I made it, this move from two thousand to fifteen hundred a month.

Serious problems that five hundred bucks is everything it were. And so we need to do something. You need a different salon where you can do. Clientele and build from ours and work like a crazed version and w? That's the problem arises: I just I feel like I'm. Not. I don't have the right, mindset, because I think I'm not strong enough to work any hires. The line I advise one eye working right now is a more change one as it has a lot of work and base, though, and outside it my client. Now there we thought you any color. We only cut hair and really enjoy doing. I don't enjoy coloring here take. This was my best outcome, the modem is right now you're enjoy being broke right, so you may have. Some things you don't enjoy right, gotta go Jackie, I'm guy! You ve got an income problem, there's no amount of manipulation. That's gonna make twenty thousand make twenty four

Maria in Baltimore Maryland fun. Here. So we ve got something to a gesture income When you do that, then we can talk about how to best lay out an irregular income budget. There's a phone the back of the total money, make over book to show you how to do that. Are you doing here privatisation and you take care of the most important things down the least important things, and that will help somewhat, but you have got to do something long term and short term to get your income up. If you just want to work from hours at a different salon, that's fine! If they allow you to work to different places, to a different into town or something that's fine or you didn't. You need to start building your career Because this is not going where you want to go right now: you're you're at their Beck and call, and it's not working for you. Tunisia is, in boy, see high temperature. How are you going?

Wonderful day, and how are you better than I reserve as it to measure pennies outcasts at around? Ok, how can I help. They were in a little bit of dispute. Might right now my husband and I currently bringing in around twenty five hundred a month after taxes, and we have a vehicle will ring king. About nine hundred and fifty dollars in red and he is dead on purchasing another vehicle and, to mention. I am also thirty, two weeks pregnant. Question is. How can I go about explaining to an end because I've gone over all the financials in all the law, legal reason, financially sound decision right now. What did I do? help hidden kind of understand and not make a rash decision and pushes another vehicle

right now it is a law making sense I'm telling you, how do you have the courage to bother vehicle, It also he's one anointed debt above vehicle When you're renting and you have nine hundred dollars and ran twenty five dollar in common, a baby on the way. Why is undergoing seventy dollars a month? How does this guy that we have right now, area three or something on a car payment now yeah good Lord Why do you want another car payment in Cuba? get a copy of the thing is, I feel like it. Some way I've gotta get a little. Whether I do you realize you the sky. It's ok! It's really time he learned to do math. This is disgusting. Ah you know I mean, there's not a groan,

thirty one year old, that looks at nine hundred dollars in rent three and seventy dollars in car payment and a twenty five hundred or take on pay and a baby on the way and can't figure out, there's not room for more car payments and how that's not gonna prospers family and stop. His foot like a four year old on cereal out. I will car mommy mommy. I want a car really already smack this guy's ears. I guess in his mind- what were you had coming for a tax return is what he plans on utilizing, a portion of that either down payment or just gonna, show that help. She didn't know about your mouse there's, no logic in this whatsoever. Where this is not a vice, is not a day. Ramsay thing. This is a stupid thing. I mean this is just straight up DOM this kid is. He's been for years. Only really is I car mommy me. That's why I've diet

that's all right. I used to be that guy. That's not recognising Why get angry at him, because I was that guy, I used to do crap like that to my wife and I actually managed not good and your mom They're carrying that baby, intuition, dead on. This is dumber than a rock This is this is really really dumb and I'm I'm gonna threatened Guy, with his life, metaphorically speaking, that means there's there. No, you shouldn't, have to travel logically, explain this to someone who can do six great math, Absolutely ok, good luck with it on hope. You know I can't help you I'm sorry. I just fussing at you you're right. It's all. I can tell you

the driver amnesia guys like Thomson senior. Second answer for the day ravisher this hours over, but you can find more gray content. What are you to jail catch? The most watch, daybreak, Jeffrey screams and the fairy everyday million years ago to the day really show you to jail. I have you: ve got questions about retirement, investing becoming an everyday millionaire, go beggar and broader with my man, Chris Organ resolving. Shall I M excited to be able to talk to you all weekend and we go 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 Kosovo show wherever you listen about gas, hey. It's just. Producer of the Dave Ramsay show this