From the headquarters of Wednesday solutions broadcasting from an armored car rental studios. It's the day, Ramsay shut down just off home mortgage has taken the place of the Bmw as those status symbol of choice. I am day rams your host. Thank you for joining us, open foams. This hours. We talk about your life in your money. It is we call a triple eight eight to five five, two to five. That's AAA eight to five. Five

two to five Ryan is in, like other ozarks welcome, Ramsay show Brian, thank you, on average age, you ve taken Michael sure. What's up, For me and my wife are just starting the baby steps we about your book. There tell him I make over and she doesn't want you, the credit cards any more. She said, but she's not out more cancelling men until she see that we can stick to our budget month or two. It is there, that I can any to reassure her on as one member would use again ouch to my budget for a month or two. Ok. How long you guys been married, we ve been married about seven years? We have the kids and an end to end.

Sometimes, when I bring share in a new idea, she wondered if I'm gonna stick with it, if I'm scheming and scamming. Might that be the case at your house? Was I have not been very good. I made a mistake- and I have just given around the money for the seven year and she taken care of all the financial times. Don't I'm trying to get involved. So now the two of you working together on a budget is a brand new experience and she wants to make sure This is not a fad. You ever that's fair. So you think I shouldn't. I shouldn't push the issue to know we're gonna cancelling all right now I would say: let's to set a date, then after three, months of successfully working together and budgeting or retail. Dollar, only every dollar up what to do before them again and we a very close semblance of sticking to that the first three months. You don't stick to it because the vote

happens, is the first month. Lousy mess up second much better by the third Multi they'll, get it they'll down with you stay where that you're gonna do not push it through, and you know. But but the agreement as when we do that for three months were cutting stupid things up and were closing the accounts. Thither ya think that agreement than you. You know you stick your budget. I know its not unreasonable. Again we're gonna Burma, the drawer, we're not going to catch him in a word that they're not gonna, be used there, not part of your system anymore riots that that's today, but the actual closing of the accounts. Permanently could be. Ninety days from today after you have had three successful budget cycles of the two of you working together, some are successful As for when the first ninety days, you actually still are doing it if you're gonna mess up in the first night, it s, because you suck at your brand new right,

the other Deborah me alone. She gives you that kind of grace. If she demands perfection for ninety days, that's not reasonable, but are we gonna stick to it? we working a system where we both sell the money. What to do then we don't, then we stick to that. Contract. Neither one of us spend money off of budget does You might have a reputation for having spent some wild money in the past and she wants if the real you is now changed. So we were spent more than Ursula. I think that her and she just you know all the sudden here I got money genius nearer the one used to mess everything up. That's what's run it her head right. Yes, a large fire menu. So you just gotta earn the trust. That's all that's reasonable that that's a fair thing further for ninety days,

The point is at the end of the day or not using the cards anymore and after nine it as we're gonna clothes them, and then you guys don't stick to it. Unless you make some progress and get some traction and start winning, you can do it, then you can know I'm proud of you, four colonists Daniele is in Houston, high Daniel welcome to the driver amnesia I think for taking my car chirp what's up So I guess I needed a registered your book and I I have three questions for you. Very high debt to income ratio that projected to pay off my debt in seven to ten years. Because of that, my three questions are the first one there should I continue to haul retirement saving and saving for a And my last question is shared: I consider a thing in the new government income driven repay, and I'm about for years in saying that in seven years I would have forgiven.

I think one has gotten forgiveness. One hundred twenty eight people have gotten forget forgiveness. Twenty eight thousand of a blood for it's not about land, I'm gonna count on. So what is your? What is your dad? I didn't love. I know how much a hundred and ninety here, for what are you a doctor or a lawyer, doktor fiscal baby, you that peat e four hundred and ninety two grand but pay double hull private schools are very expensive ridiculous? Ok, so what do you make? A hundred I'm making seventy proof of a hundred and ninety two and what are the kind of that have you got that micro paid for I dont use credit card. You weren't you I've been using, I graduate

in April I just recently guide on your budget and falling everything, and I did have credit cards are dead and all that stuff, and so I recently got on you're playing and making up for you graduated before I graduated in school. I wasn't making anything figure out, I'm twenty eight, so you're living off the third one. Yes here, ok, ok, you're not used to having a seventy thousand dollar income for very long. So, let's put like all of that on the debt and live on In summary, I seven to ten years is absurd. Ok, that's not away estimating about three thousand a man! Then I just got a second job actually is founded.

Yesterday, but I got a creator June next year, ten hours a week on reaching I'm. Actually I served by personal trainer. You and it's very nice accede crazy enough hourly, get paid about the same making. Now rabies, but more so what're. You gonna pick up other twenty, Graham I'm hoping you another ten hours a week and I'm gonna get paid in Europe from thirty thirty five, an hour. So hopefully another like hundred dollars a month, it was about my grandpa yeah, that's good I'll catch on our at ninety and if we put fifty towards it, it's a for your plan.

I d be fifty thousand out of more line. You lived on forty, that's not bad at all. Two hundred divided, our fifty is for right, get showed that in four years fifty thousand a year, four thousand bucks. Forty two three hundred bucks a month not three thousand months, and I think you can do better than that, so I'm not gonna put on a seven year plan I refuse. I'm are put on a three and a half years plan and you're gonna work as many hours. If you can possibly work and you're gonna clean up this huge mistake, you may not becoming a pity but paying double to become a treaty. That was the mistake. You men! So now you gotta clean it up. That's ok! you got a good career ahead of you. Gonna be great. This is that I am sure, during

crazy times, the best advice I can give you is control the controllable. Let's start looking at major expenses like your monthly rent or your house payment folks, mortgage interest rates are so low. Now is the time to invest in your future. In just ten minutes, my friends are Churchill. Mortgage can share ways to save you. Serious cash through a smarter mortgage plan to speak to a specialist call triple eight loan, two hundred or gotTa Churchill mortgage dot com. This is a paid advertisement, animal s idea, one five, nine one: animal s: consumer access, dot, org, equalising lender seventeen; forty nine Mallory Lane Sweet one hundred brilliant Tennessee; three; seven zero to seven

MIKE's lancing Michigan MIKE Welcome Programmes, Egypt are you do and is better deserve what's up a real, quick disorder say? Thank you,

you do. You ve changed ass, my person on the way that we run our business, but I've got a question for you. I am not alone in a landscape company and fell company up here in Michigan, and you know I'm really having trouble. I've been doing this for about eleven years and having trouble with the calibre employ that we you don't get a good see it is. How do we find a thoroughbred and see if donkeys as you are? Well, you have to create a couple of things that are different than all the other long care guys. You have to create a different environment and why would someone went to work there ok and

part of its pay. It just straight up when you pay the better person you have a chance to get. You know that simple, but there we were having a discussion. We didn't want her leadership theme, our Daniel tardy in our he's. The sing are the executive vice president, that area with a guy on the air the had an ice cream shop and we were thinking of places like south western books and and filet where what they do is they employ college students and they call it the reason I high quality college student wants to do those worker high school students. To do that? Work is the environment that their in their being trained. It's almost as if that

Few. If you found someone that has solved books for South West, you have found some one that can survive in a sales, job and prosper, and sales drop like a boot camp for selling, and so an example might be that if, if families of high character in the land Sing area New MIKE's landscaping, business was a place their son would work and would be, how to be a man, a man of high character in a man, work and the environment was clean in terms of the character of cleanliness. Not obviously you get dirty, grass and more timely Gabriel Bear Tejano Tumblr that, but I'm talking about it's not you know it's not, Giovanni, filthy, mouth, filthy, stuff, filthy people, doing filthy habits, that your kid is running with, and if

young men knew that they could come to work for you and be men toward on business principles and on character. That would set, up to succeed later in life, you would have a constant turnover because, as they grew up or a go back to college, you lose them, but you'd have a constant feeder of every parent, not every parent. A lot of parents want their kid. The work at chick filet, not because they want to teach him to do chicken but because of what they learn about life and customer service and its a clean and safe environment in terms of character and the way the child, the whether young person is treated In order to meet some of the most sparkling, wonderful teenagers in the world, when you walk into one of those places as a consequence, and so you create a abroad.

Differentiation, rather than just we cut grass and we pay minimum wage. We pay good, but you're gonna have an experience here I mean what we I'm a personal faith, and so, if it were me doing it had begun a wave bubble study, it's not mandatory, but we're Babo Study on Wednesday morning, in our Wednesday evenings when we finish up work or whatever and in others not a bunch of drunk, work on this team, and I'm not a bunch of pot smokers workin on this team in our work, be they men, young man, of valor, young men of character and That's all you got to run with and you will become a better man, young man as a result of having worked here. That's how I would present and then reach out and you'll get some older.

As that want to stay with you forever and participate in that, and they want to be mentor to these younger guys, something you like that or you can go a different way, but that just an example of your caught. You build a cultural differentiate, her that makes you attractive, not because, of the exact work you're doing or the pay course. The other thing you can do is you could say hey. You know we pay x number, wars- and you know it a bonuses on production bonuses off it or whatever, so we ve done a performance bonus at fifty cent per hour for your pay period. You know we get good performance zone, also attended bonus. However, the ability to earn an extra dollar an hour of your base back then. But if I or do you not be dependent upon their emotional position?

They emotionally act like they own the place which tat, which tells me how they caught the grass, how they interact with the owner, how they treat the equipment. You know how they shop for the best price on fuel to go in the equipment. Whatever I mean they're gonna act like they own this place and the more they do that the more you can afford to pay them right. And the less house or you got run in the business, but one of our values on the wall is, we are all self employed and its type on is bigger letter. The back wall at our meeting room. You know- and I remind our folks all the time you technically work on someone else's team, but everyone in this world is self employed in you know what, but when you for some miles you happen at one client, you know, but that's just get back

Bob going in and then it's still a dogfight to this day, one of our biggest things we spend time money and effort on is the finding of thoroughbreds and we're at all. In a word of white collar highly appealing situations, we have all wigs other advantages, you know, but still we have to get people to hear that here that have talent and smarts in the care and that have character and that care is just people who want to come to work and mail. It in you know. So you know and up they didn't leave in this place, is interfering around here. So it just takes its constant. The human resource in a business is the most exe, of lime item european eel in almost every business. It's something you invest the most in its the thing

you the most return, that is them rewarding emotionally, spiritually psychologically and is the most draining. Financial emotionally psychologically, spiritually, it's the thing that makes me cry for joy, the most often, and the thing that makes me cried tears of terror the most often and on

then adjust its the sweetness hours, also business baby and I processes. So I must send your copy akin coalmines book, the proximity principle cause you're, not looking for a job, but you get your business and the people inside your business in the proximity and you get yourself in the proximity of these thoroughbreds and that's how you find them. So I would use this book is about the proven strategy that will lead to the career. You love it's about someone looking for a job, but I think you could use the exact same principles, turn them on their head and use them to look for people to hire, and I think it's something to think about some just a good discussion. Thanks for calling with that, we discuss this kind of stuff. Folks, all the time with small business be Bolivar. America, the whole on trade,

your ship brand, the all access membership for Entre leadership, the whole process of plugging in with them, with a team there and coming to the events, but also the online coaching and online mastermind groups. Everything else we ve got but that its constant thing we coach small businesses, because people like my group there that's how America works The guy call about earlier the hour started with a fifty none at all. Fifteen million dollars, you hurt him those men and women like that. What made them a great man, his bars

Mommy goes its. They are the backbone of the economy. This is that I rams Russia.

Our thoughts are with us in our guns. Are I don't know where you're? What? What? What are you guys doing? already during rent that you're in a la la Russa. Ok lastly, in Alaska, ok go very cool good. I have you guys. I see all much green you are dead. Free, congratulations. How much of you paid off ninety Four thousand dollars in four years. On ten months very

and your range of income during that time, starting at thirty thousand going fifty thousand and then going back down to thirty five thousand. Why would you go for a living. I am currently aid until ass, a and elsewhere, and I were freelance but had worked job during Kane, all this afterwards security, mostly, how can good for you guys well done so what kind of, Was this? Ninety four thousand was student loans, very cool good, for you guys So are you too I'm thirty one and thirty four, and so you spent almost five years paying off nine. For thousands of about twenty thousand dollars a year, while making thirty to fifty two thirty five, yet that crack so tell me your story, start when you came out of school or what? What start? What let your views on this

happened after we bought our house. We were kind of doing peevish up until that point, and when We had our a chimney queen, the guys. Like you really get your Kennedy replace, because you have single Walled and it's about tat like go up in flames. If you keep on using it, though We had to replace that as well as on the actual, still itself that our main source of heat all motors expenses, Canada overwhelming little bit about what we are expecting to be banned. I dashed out So what you say is true s, son. If you buy a house when you're in debt as occurs not a blessing, we that out anyway, we saved up for an paid cash for that and also in the process, we went through leg three vehicles. I think I should

I gave you some guys guys and pictures I go, there was a war road warrior before I became a dental us the transition to almost every car that I had no matter how I felt we had the end spur back. That's when Windows events happened to answer for your mail, that you did it, that your debt free it's absolutely Wonderful is endless, is amazingly, been free, The reason is now the able to work for payments an illustrator fell by was really hard for him was being able was putting off his career to what you got the most cleaned up and then that gives you the freedom. That's a big deal, you remember what you tell people the secret to getting out of debt as you did. It

I did in the communication on our communication has improved drastically because I took an oath. I took an all out to get on board by it we can take you to get on board Jason couple years. I wasn't really up for the getting rid of all spending on ourselves as far as fund money and we're gonna came to a compromise over that one based a percentage systemic gave herself a small per cent for the cap of a hundred dollars If money to deal absolute scorched earth any like we're, not gonna be able to make it, we don't get ourselves sometimes. So what got you on board after a couple years were murdered? A sudden, that you're gonna do this and beyond that I mean you want to work. I was now the numbers in can realise how quickly we could pay it off. We just kind of buckled

and cut everything extra from our expenses in some these two thousand or so extreme cuts that we could make in saying we kind of pretty much of the rest from their ok. Well done you too, proud of your good job for years and two months is a slug man. You been at this very cool. We get a copy across organs book for you every day, millionaires you're gonna be one. You are on the track to do that. You're gonna happen in a way that dead. You know, you're not even got not gonna believe how the next decade Folds because you ve learned how to handle money, you ve learned how to work together, and now you freed up your most powerful wealth building tool, which is your income, so wade you too,. Jason. No man you're welcome Jason and Loretta in Alaska nine

four thousand dollars paid off in four years and ten months, Megan thirty to fifty two thirty five, their free counted down. Sarah debt Furnish group as well. Well done. You guys, Very well done is fabulous. Question the comes from blinds dot com find out for yourself. Why blinds dot com is the number one on line retailer of custom window coverings? You get free samples, freezing and with the new promos they run every month, you'll save even more use the promo Ramsay to get the best possible deal Chris

is in Rhode, island and she says I'm wondering if I should work the death snowball or pay my care credit card, which is right now interest free until December, just sixteen hundred dollar balance and of his better to tackle that first or this through the snow ball You cannot get out of you want to you shouldn't, have a lot of debts of that are smaller than sixteen hundred that you can't get to before December, so It sounds like you're not paying enough on. That's like you need to sell some stuff like an extra job and if you got five debts, under a thousand and you can't do all of that, including sixteen by December. You need look at what's goin on so should be able to knock this out and anything that was in front of it on the debt snowball by then, So that's, what's bothering me more than anything about this, but if you want to move something around, that's up to you, you can decide the proven

their work is to list them, smallest, two largest. So that's why I tell people to do, but if you're gonna get tagged with a bunch of back first or something on the zero interests credit card, the book they charge you back interest or something. If you don't. Done by then will you need to make sure you get it done by then? But I'm really thinking begun by then any way so really be. Looking at your budget really be looking at your income and decide which of those direction. Children ago. Open phones at eight hundred and eighty eight, eight hundred and twenty five five thousand two hundred and twenty five. If you have changed jobs, listen to this A recent study showed that fifty one percent of employees who change jobs leave their old for one k with their previous employer. Don't do that! Always take your forum, one k with you and roll it into a direct transfer.

Traditional I already and leisure Roth for a one day, and then you grow into wroth and pick out good mutual funds with a smart vesture pro. You can find mutual funds that will help perform. What's in your for a one k, unless you have a highly usual for one day and then you ve got one hundred percent access and choice and control over its. You don't have to go back through your old companies. A jar team to mess with your for a one Kay. Always that's like every time. Recommend when you leave accompanied, if you have a pre tax, anything for a one k for three be pension, lump sum anything take it with you and roll it. Andorra. Additional IRA and a direct transfers, note access for doing that, and you get

much more access, much more control and likely will get better rate of return. This is, amnesia How should I do blue jeans? Such d do not forget to do good and share with others for which such site vices. God is pleased. Kobe Bryant said the most important thing is to try and inspire people, so they can be great and whatever they want

today, Jennifer's whether some Boston, Mass, hey Jennifer. Welcome that I Ramsay shall we say my car sure. What's up little over ten years ago, I found myself almost of my forgets wealth. And down, but on every gun program to get back on my feet, for myself in nursing, school did have to take out loans for that about thirty five thousand dollars I get paid. Those are and I manage to kind of squirrel away with now is the right in cash. I have good for you I have a forty thousand. I know on my car and I have a thirteen hundred on bank loan, so I could be out a debt, but I'm having at the moment major anxiety that the money there- and I know I can do it. I can't pull the trigger on on putting the money. I can't

And no money ever again in my life. How long ago, were you homeless, oh well, eleven years ago, and I have managed to like, I said good registered nurse now and I the hospital down the Great movie house. They waited now from fourteen to twenty five to twenty five year old. Look out the other three year show with me one forty hours on a budget too, but I managed to pick up all the time now. Over time is not hard to get it and so on and so on are in yes, and so you MIKE what about eighty seven here good for you. What a great story you are. You- are a hero. Lady, well done very well done You know you ve been in the insecurity of dumping that money

The latter, the only money you have got on this debt and being broke after your story, would make you a normal human who wouldn't have that insecurity. Of course, you have up a wound there. Of course this touches a soft spot right. I mean that just make that you be weird, if it didn't, it touches a soft spot in every one by the way, but I mean We have a pretty deep thing there, because it it activates, you don't give an example, the Ramsay House or guy who, after bankruptcy after going through bankruptcy sharing to me and us about killing each other during that time. If I even go near the drawer, where we keep the paperwork for the emergency fund, Sharon breaks out hives She cannot imagine us being without an emergency fund after been having been through what we went through and an orphan

do anything habit wise, even body language why's that activates the way I used to act I was in my twenties now I'm in my fifth, these it's been thirty years. It's deal activates her hand, you know, and so I am certain things activate, may still. You know I cannot. Oh, my god. I cannot handle someone saying they remedy by his bills. I dont merely become offended. I go into a rage Dave Ramsay didn't bays bills thirty years ago and I have always paid them sense, and it's like a thing you know, but so I have a tip visceral reaction, like you do because of my past wounds. Ok, It makes us normal human beings. We need to acknowledge those things now. Having said all that, I also can look at things and go.

The gazillion air autonomy trouble pay. My bills are some. I sat on payment bills. Ravishing follow crap, I really probably need to melt down. You know, and you probably don't even well down you make eighty thousand dollars a year. You can pick up all the overtime you want to pick up. How quick mathematically are you gonna, put fifteen thousand dollars back in this account, especially censure a little bit worried and afraid about it. You're gonna put it back in, for much right shop, Africa, car. That makes- that's, in other words, for losing everything or using our intellect and our we're using our intellect an act of our will to do the logical, proper thing, in spite of the fact that we ve got feelings, do our due to our past. I just found your programme a few months ago and I've been putting fifteen percent in. I was pretty pretty for the. Once you ve been on government assistance, you can't figure that oil Y know

did. I ever saw statuette either landfill. Yes, her does so you know I've been still putting fifteen should I start version elsewhere. Stop there. Ok, you got it temporarily early, because I want you to rebuild this emergency fund because you just pay off your car, and you know more than she got rebuild your merchants who fond of three to six months of expenses. Then you'll start fifteen percent. And by the way you are a hero and you have overcome a lot but you are no longer defined by that. Let me tell you who you are you related. It makes eighty thousand dollars. Here and has successfully broken the back of poverty and walked away from it. You pray Oh boy, you're gonna be a multi millionaire. That's where your headed so less I talk about once I was on from what your own that you never know. Hey, you're, a rock star. Kiddo you haven't on,

B Lieve all future, I want to send you a copy: Shoguns book every day millionaires we studied tint. And millionaires and when you The stories of the millionaires in this book, you're gonna, find your story in their there's. A lot of people just do that become millionaires because they think they're gonna do whatever it takes to keep them. Passed in the rearview mirror and that you, you are never gone back, I'm never going back. You, America, we had something happened to us. That was life transforming and we are never going back, but I am also not defined by that. I'm, not a guy who found bankruptcy. I'm a multi millionaire because a change, my habits and transform my life ever avow bankruptcy. So I'm looking at the future and I've changed my whole family tree and you are

I'm so proud of you himself honour to talk to you. What a neat lady hold on we're gonna pick have Kelly pick up. Send you a copy of that book? Pay off your car work, the system, you gonna, be! Ok, you have you have what it takes to do this. Are you definitely have what it takes to do? This love? It ah thank you, in order for that call today. Somebody out there need to hear that. I know I did that's awesome, stuff. Egg. As the point is this, you can do it, I know who you are. And I don't know where you are, but I met- somebody, probably about like you in the thirty years, and we do in this. I don't know what stacked against How bad you been hurt, lied to kicked, beat lied about twenty three. Marriage just ended. She took off, he took off.

I don't know where you are, but I do know this. You can start making just today to control your destiny. You can control the controllable. You can't control the things that you dont control, but the things you control you can control them, and the vast majority of the quality of your future is from your choices, not from someone else's choices. You are not a victim of your circumstances. More Jennifer just told you that dinner. She what I call a lady. You are not a victim of your circumstances. You're up bringing that thing that happened to you in the past is not your defining moment. It's your transforming moment and that's not bs.

That's how life works when you become successful and it's how you become successful, it's what causes you to persevere! It's what cause you to say! I'm never going to do the things that cost me everything! I'm never going to be back there again, never, no matter what you get to the sun, thanks. Things didn't happen, coolers thing ever. I think it is why? I keep doing a show for thirty years and its? Why some are you still listening after thirty years, and we appreciate your being That puts us our that I am sure the books thanks to James Childs, our producers Daniel or associate pleasure and foam schriner. I am Dave Ramsay your host, we'll be back with you before you know it in the meantime. Remember there's! somebody only one way to financial peace, a leftover daily with the Prince of Peace Prize Jesus. This is James Kyle's producer of the day. Brandy

You know you can now listen to the neighbouring show on Pandora Aunt Spotify for all the ways to watch and listened check out our show page. If Dave, Ramsay, dot com, slash, show looking for fun and practical ways to save money in your everyday life. You need to check out the Rachel crew, show a podcast from money, expert, Maidan, Rachel crews, guises rights of creators, and I'm so excited to tell you about an ipod pass. A lot of you filing paychecks pay check their end ass. You don't even know where to begin that they have this need this want to get in control of their money and his match you, you have come to the right spot, so each episode jeering at a time of inspiration and practical advice, if not subscribe to the rates of crucial podcast, makes region today nor more from the Ramsay network, including the Rachel Crucial wherever you listened Abad, gush, hey, it's James producer of the Dave Ramsay show this