From the headquarters of Ramsay Solutions, broadcasting from the dollar car rental studios. It's the rams. Asia were debtors, door, casual keg and paid. All mortgage has taken the place of the Bmw this that a simple choice: embryo meal, Ramsay Personality number one by showing author of debt free degree- is my post today, open phones triple eight to five five two to five coming into the opener Anthony in our having an offer discussion that I think we probably need to bring up for everyone else. It's a good eye.

I didn't realize change my producer at some in article from four blows reading at the break at the top of the hour. And on that that Biden had said. President Biden had said in a town hall, earlier in the week that he will not forgive loan, bad weather executive order. He doesn't think that the constitutional and correct low about shocking, very harm. personally happy to hear that. But that means on Congress to pass Ellie and I, and he said he won't support the fifty thousand dollar forgiveness. Only the ten thousand dollar version set thousand YO see and Elizabeth Warren are asking for it, Six hundred and fifty billion dollar price tag, keep that in like us. Are each one point: seven trillion. Mr Swoboda,

In that show that will leave about a trillion. Guess if you forgave six hundred and fifty we still have a crisis, still advocate just our problem and as said many times, it is intellectually dishonest to four. Student launch, while you're still my kingdom, if they're so bad people are going to do. We have to come to your rescue. You porno people in Washington is gonna, be there for you and we're gonna help you out. If that's location, you need to start making the lounge stop doing that and then also to data, and this may sound selfish, but I work the high enough to pay off. My still allows and may not have been a lot, but it no ten thousand hours, so where's your money where its Qatar and is not just me, I'm pretty sure we have millions of people listening now, ok are paid off twenty five thousand. A hundred thousand. You know my money, so

interests, and we already know the Republican Party is not going. They will not forgive the law and there are some Democrats who I know neither the accusation- people I gear their going, don't be mad at you Abetas. I want my money back exactly you know I saw the other. I think the arm, I don't know if they got the vote to do it in Congress. I don't know why this might be a political move on President buttons part, because he does it. He takes all the heat. If he puts it off on Congress, and then they dont do it or they do it, they get the he up and is not owe him they get. from the left. If they dont do it, they get the heat from the air paid off their loans, mom they back. If they know do it, and so the eye

that's what I don't know, maybe political cover that might be real good strategy on his part, because if it does go through the he could say he has something to do with it now. But I didn't feel like it was constitutional to do than executive order, and I was shocked though day we hear you. I can say that I'm not going to do fifty thousand out. I was. when I read the art- oh, oh, ok, so you I also do not know why else after all comes around her very, very interesting. If not it's not just pull Oh it is financial, it is economic and there's an issue of yell. Have to if you're gonna be sincere and I dont disagree. The student loans are huge, probably a you and I are working diligently to help it with a longer and here's my for either a huge problem quit making them and ass. My thing before we talk about forgiving. It then the conversation. This thought. Let s talk about. How do we stop it from even

Happening in the future, once we fix that problem moving forward, then come up with a game plan of how we can help the ones who we ve taught in tell them to do some stupid, but until then, why? Because Be right back at one point: seven trillion if we forgive this amount within the next five to ten years, why you got well and you have to again is actually: does you didn't even fix prob, exactly you just you just treat the symptoms. They're! Not when you symptom is a bunch people up to their abolishing can't breathe. We have. The problem is making stood alone that we have to stay and it's out of control is too high. Is too much it's gone too long, and it just go be words ridiculous and that its very interesting I. You know. I know I'm really old at times when I see things happen in our world that I never thought I would live to see, dot dot dot happen. It sounds like

abolish on. I would like to see the very low guy up and I'm not gonna on that guy goin on ever thought of local police by that date actually consider this crap. You know that's what burdensome and they are really concerned. Consider me. I've said on this: show ever happen. Ranches shows what I know nothing. I don't know. Nothin Dave, but I'm really I'm ever and ever dreamed that the political climate we get so far laughed and so our towards socialism, the governor, providing all your goodies that they would actually be seriously considering doing this, and then it look like it was a done deal right and it's not again grape shot very interesting: the moral of the story. Folks, as this. Anthony you personalities the Ramsay Organization A minute our lives to helping you believe and your stand. The truth about a life works which will

cause you based on those beliefs. If you will act, those believes it will you towards abundance. If you act on the belief, that can combine, teaches you about careers. It's gonna lead you into a better career. If you act on the beliefs that John the Doktor John Bologna shares you with you about mental health, it will lead you to a more mentally healthy situation. Absolute From really enjoying his podcast an if you believe these things. It will cause your actions to occur if you, We believe that the government is gonna, take care of you cause issue to not We'll call it to take personal responsibility for your life, which is, Key gas for you to become a baton, live abundantly apt to live and wealth. And to live a good life. You have to responsibility for your marriage. No one's gonna fix it for you, you have to take it

possibility for your breakin kids nobody's gonna fix them for you, in God helped people that are in classrooms today, because some of your piss poor parents and use- wild animals under these classrooms expect these teachers to manage them. I mean it's ridiculous. Staves gone in. You know because it, but it's not bringing abundance rise, not miss not in its end That was what the lady, though, that it works with teacher she she eyes or friend, of ours, that that is a world classic in education, feel

and she would say- and you know what helicopter parents are now pursue- helicopter ineffectual. It gives published a picnic now they gone beyond that. They have one more apparent, not alone more parent alone, more parent cuts, the grass out in front of the child, so they have an easy path, that's different than allowing more. This is what the cut in the grass I had of them, so they don't even have to walk home tallgrass I mean it's just out of control say this is none of this personal responsibility has been led you to the greatest dignity and the greatest abundance in your life. Don't wait on anyone else to picture like it's your job as they did your number one wealth building tool. Is your income

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Imagine a world which, weird stood alone. Because everyone is assuming the best way to get an education to pay for it. imagine a world where the majority people pay cash for their cars, where the crew card is a cigarette of the financial industry where you know, a handle marriage a handle parenting. You career that has meaning. a Ramsay solutions. This is why we have a thousand people in our fight in our company to create digital products. Services advance in books to transport Your life is the goal we have today, up to do it at such a scale that we disrupt the toxic culture in America, so maybe just completely lost their way, If you want to join us on that crusade were currently on the hunt for software engineers. beyond rails Java. She sharp romantic, not tech, if here

ex designer and s YO content, more specialist we'd love to talk to you were only other higher three hundred and sixty people in the year, twenty twenty one and all All of them in the digital space if you're a senior level developer actually go home at night don't work you eighty hours, you're really go home, be with your family, and when you writing code or your showing somebody how to write code or you're, writing he's a content or you're doing up the creative. It's always. Being used to train from one's life. Its work that matters, if you want to find out but the jobs we ve got available. Gotta Dave, Ramsay, DOT, com, click on David hiring on the right hand, tab, and I won't you it's very tough to get a job here sure is its here again over the friggin FBI.

because we don't want crazy people in this building. We will keep on this building the care deeply their good at what they do, that our house people have high character. Hi mom fiber because to our work the shot every day on onward. Such sleaze ease in crazies A lot of places you have to hear you don't have to the group of smart people of I character the work. talons often, then they go home and we work. Eighty hours a week, facts we go home. Answer if you're interested in that, the process is difficult about Estonia. They had some years ago that neither the just got ard starts Monday is moving stuff The third floor apartment, where just met his buddies, remove demand. That's good friends right there move. You know your third floor man and but he just went through the interview process nature shaking his head like enough already. I you know what, though Dave. I appreciate our interview process because

It even helps me to know. If if this is a good fit You know I saw many I made out hours on about taken apart a friend of mine a while ago- and she said you know you got here freaky over there. Yes, we arc and she doesn't mean like what we tell people to stand up and walk out of younger piece out, not at all they do unto holier, because we are freaky yeah. I may we, We don't really want to work with the crazy people, know, sir, I don't want the Ladys in this place to be worried about sleazy sleazy in Ireland to be safe here and if you be that guy than you only to be in here right? it's easier to find that out during the interview than it is to make you more cross country than I got far your bud because your sleazy right, you know, I'll. Do that an answer yards. It's a lot is it. It is actually acting the Martian, because you know there is up in my life- the format Christ years ago, as an adult

If I had interviewed in a place like this, our been going you people are nutty, I'm not working there, and I want to walk out that door earlier and I because I would not have benefit that that's interesting. I could not gotten a job at twenty two in place unless you're a good job in this place ever but its own by young it stopped to get on. But if your interested Gaza, you want do something, the matter should check. Dave's hiring were firing positions of all kinds gap, but certainly tons and tons of digital and creative positions, click Dave's, hiring, Dave, Ramsay, dot com. I Janis is where this in Colorado Springs. High, Janis, welcome to the Rams Asia days were taken. My call sure I have just my house, my gentrifying empty. For a fifteen year long good? I want to pay, extra on. It is best to pay the extra along with one.

Hey them regular, mortgaged or to pay it like every like two weeks Do you do it online on their site? Yes, they have a blank on the site that says principle only additional principle. Yes, Then it doesn't matter when you do it right because it will get credited correctly, because a computer is doing it in the old days on all day, we used to tell you when you would mail, a Czech. Remember you old enough to remember mailing a check through the mail, male a check through the mayo for your house payment. If you, add a cheque for if you're in to that amount for extra principle reduction for paying off flash or we would tell you to send a separate check in separate envelope, because the character it might not be smart enough to figure it out, but the Good NEWS. The computer, is smart enough to figure it out and if it says extra print.

Paul online or additional principle or whatever, and you put it. Blankets, gonna go to principle. They really that's, not a hard piece of programming for them to do. They did that right. I promise you want me, I think this does it change. If I just make the house payment and the two later make an additional payments to let go. The interest rate are the arm. Interest wants a meltdown once a month. whatever you new amendment is going to affect the next month, So if you do that, if you do ten extra payments and a month, it's only, into effect the next month. If you do want extra payment on a month equal to we can, then it's gonna, The interest rate the next month exactly the same. It's calculated daily, its calculated monthly gotcha, ok, yeah Unfortunately I haven't really do any new, your baby steps but, like I said,

right now. I only all on my house, I found what you have. mine there no reason at all my credit, I have one credit card and its problem because I felt it I must say that I have at my house how much money do you have in the bank before you start paying? This is extra money. This I had thousand to pull over ten thousand dollars in my savings I have a little over a thing. It's seventy Five thousand in my love. when carrying out are sixty three good for you, what he might right about forty five yeah. You ve done very well darlin just continue to concentrate outrage that emergency fund up a little bit and definite wants you to invest more aggressively, not just pay extra but I want you to be continuing to add

seventy five thousand to go way up in the next few years. Ok, ok, I'm really girl, I you ve done. I mean sheet on lot with for a single lady making we're here to find out about the citizen anti why this is shot one how bad you done a great job. I am very proud of their actual drop Meanwhile, she'd been fighting of tough battle, probably their abso. So I would, if I should like here and now, violation here's a calculation. Pretend you add for calculation, as an easy number- is three percent on a mortgage. Ok, that's that's a court. Of a percent a month divide three by twelve location. per month is your interest. If you have three percent annually three d, twelve, is a quarter of a percent. Yes, a month that is going calculated on how much principle you, oh at the end of that month, a court

ouch point. Oh, oh, oh, two, five, ok or Hermes euros, and so, if you reduce the principle that next month, more of your payment is gonna go to principle. Unless the empress, perpetual interest will be less that, following months with a traditional, F, HIV or conventional, more, he just out of work

The only around three personality Use Michael host today, Robin is with us in Colorado- Springs High Robin. How can we help the noonday going on behalf of my elderly parents? Irina? I means will pick all and need help on how to advise them the three hundred and twenty thousand I paid for home, but no savings and no retirement? ninety eight thousand dollar he lock eleven and and credit card dead, end. Monthly income is about four thousand expenses. thirty, two hundred so much. Their wants to get a hundred and twenty five thousand dollar mortgage to pay off all these debts, and I know that not what you would advise day. So how can I help them

How old are there early eighties house, their health, it's good Father worked to part time. Jobs. learned about eleven hundred a month, doing that in a day to the four or the forest. The total before is untenable. Well, it's likely that you don't. Hundred and one I was not a mortgage. It looks like it's a hundred and night well a hundred and nine in it there. So why? The other eleven, I'm not sure, probably disperse psychological cushion of some kind in what we do I would guess his payment would be less on that if he did that than the current air. A monthly right now, they're, paying only on the interest on the heel arguments about three twenty five, oh sure, would. dont payment would go up there right, yes,

so I'm not even sure think it affords of payments will not, as you want my payment to go up. Well, that's a good question. I don't know that he thought about that. I This is your bad and your mom, it's not mine, but Mathematically from my an actuarial table, which is what a life insurance company users to rate probability. of someone passing away Matthew. likely really. What we want to do here is put something in place that they can hang on right, not like we're. Gonna turn the corner on this and they're gonna move into prosperity. It's just keep them from having to move out of their house. Yes, so I guess what gives them the emotion my room in their budget

and keep them from area. We rather house is it remaining or we are or is it getting a hundred and ten thousand dollar mortgage know we're not gonna, borrow more and show bye bye You know you were on the numbers both ways, but I bet that he lockers can be cheaper monthly you're, not progress, but I'm trying to make progress at this stage of the right. Now I'm really just try. Let him stay in their home. Ok from an emotional standpoint, because they Anything we do that makes it harder for them to stay in the home. can a wrong done. It's all about cash flow at this stage of the game show on probably he lock may have a variable right and it may have a call on it and that could be dangerous if it s like a three year call suddenly the mortgage come to decide, they want all their money.

that might put him in a pan, she might be thinking about that call that balloon payment. That's coming up on that thing off. be concern, interest rates or go up and pressure on the market. So I guess I would dig into it. Go okay! If we get a mortgage exactly what is the payment gonna be? If we don't get him It what's the payment, gonna, be that's number one, because I want to minimize the payment, which is what four day room to say, because Gold here is not really to get paid off. The goal here is: let him stay in their home. Because in five years statistically we're not gonna, be dealing with its right right. It was called I'm sorry, but I understand, but it's just a math thing. It is just a math thing, it's anything but just a math, but I'm trying to think mom and dad. I want him to enjoy the last five for ten years or whatever it is by not having to move them. I may have worked a prosper. We would move down into a house and pay cash for it.

If we were trying to prosper right here, but this is just protecting their there Standard of living and letting them stay there and by the minimum time owner had three thought now Dave, I'm right there with you use, a credit card bottom breathing. I cut off things up and that means are not on a budget and the house the bleeding that's exactly right. and hate haste, and then he's trying to borrow his way out of that and that also indicate she's not stop the bleeding, and so we do to get gonna go with my plan. It really is not a good plan if they're gonna Ten you to dig a hole If he goes and gets a hundred ten thousand dollar mark a turning point in our mortgage and they don't contain They don't quit overspending. There can be right back here in three years, two years it has exactly and now I've tried to tell him that it is hard to get that browser. So

I think that the biggest thing is you have to stop the the. Overspending spent at you, you have to it for K is forecast for K, you're, not Congress. You need level, ok, including these payments. The credit cards up and never use them again and get debit cards and live on a written budget with your spouse and others dad. You need to sell the house, any new down in house and that my the cattle prod statement, like you know like if you I could overspending. You're gonna lose the house. That they're, not how the hell over or pretend we think they run up that eleven Kay in this way just a few months. They got this. You are not more then, maybe, two years ago, I'm not noted an a mortgage, even if it's cheaper. Because it's a pattern of interest

borrow his way out the key, expanding and then they go get another lonely overspend than they go get another. And then we should surely go get not alone and we go get another one. We go get another love. They have to stop the overspending. I wish I dont get a mortgage because it's the continuation of his negative pattern. Here, ok, I honestly have no idea where all that money went well. There they're, probably spending six thousand bucks a month gown, and so now. The next question is relational. How are you gonna get your foot there? or in the door have the gray had this is you're gonna have to sit down to a budget where them, if you're gonna help unfix this and you're going to point out to your mom or whoever it is king stay out of freakin target that this has got to stop gap. You ve got the right person pointed out there and dad stranded dance I'll. Take care of her dad was abandoned.

There is an enabler right. Ok! Well, They could be a great thing if, if you guys can get create a conversation where there's a budget and your blocking them through pudding, budget get together with both of them sitting there, At her have the revelation that she's getting ready to cause them to leave their home if she doesn't stop this crap, but that compromise. Making. That statement account from continuing to ask questions like mom. If continue to do this. How do you think this is gonna end? Ok, if you know stillness budget Monti realise that you're you're gonna do we're gonna run out of money. Can you see that and let her see the actual numbers p can feel numbers when they're sitting in looking at them, in relation to what they're doing, but when she's just like over there, you know her four year old self target, then that that's it Not in context, but when you in contacts with the rest of the situation. It gives you a jolt

Does that make sense? Yes, it does but again, that's not with you coming in their shaming them. It's more asking a bunch of questions are put a bunch of facts in front of them and the first swell smack M upside the head. That's it.

Cancelling technique. Let the facts: do the hard work, the emotional work on these on them. This very difficult conversations with eighty zero parents has very hard, but it to the extent you can get involved is to extend this is gonna get fixed. It's gonna, get ugly dividend, get fixed, wow

For that I regret the UN's nine twenty four. You not know that in a rage all the runners run, but only one receives the prize, so run that you may obtain it arose Teddy Roosevelt said it is hard to fail, but it is worse, never to have tried to succeed, Ronald is whether in New York City High Ronald, our you eventually take a somewhat technical sure. How can we help. So mean life are clearly, the fees are tackling that wouldn't be listened to, and we were soon This is where you coming up in the next few months. I gradually Ask me video accounting and I started.

Resumed it album and My wife and I dont know if that biogas and wound The babe in the next four months, a gone all men and others, the other expense nothing is, are we all on a car, but we live in city. We always want to attain the ones who have before Their eyes were looking to get a car function, We need to learn them anyway. So I have eighty thousand feet up much good. forty, two thousand alone I start with, two thousand. I have thirty one thousand, and my wife, The long speeches for scholarship and cheese earliest wash doesn't work, but I'm the only one working grandly. So I don't know how much to seal off. How does it work? How much to tackle the dead? How much the ones I'm sorry, nobody landed here. So you have curly. One thousand, and you are right.

thousand cash it. I have no car, cause. You been public transportation and now with a baby, you don't want to after one ideal com, a consulate, thirty minutes away by public, have patience. I would pick that car, ok. So what. Help me with your lifestyle situation on when you would actually utilise the car. How much would it be used for I'm working from home, we want to use as much even a mainly be used when you had the baby in the car and where would you re taking said baby either too doctor I've been collected. You got your doktor deputized and also but we can my family I saw you might have driven five times a month, cautious. How'd. You get a life by using more there, but you don't

have to have it for that. You were going at night to go. On public transportation of it. You shall the actual need for the car is about five trips a month. Correct around because of the baby Otherwise, I we're doing environment most lots of people in New York City do not own cars is not that unusual at all we tabled only my driver's license or have their show ya show What I'm honored by is a minimal car, that's going start when a lead to start. doesn't really need to be that much about five thousand bucks absolutely and fast. In his generous thousands here about thirty five hundred and then when by becomes you need to get the rest, that money towards the debt, and let's get this That cleared up their authors, recommended about that- you like it,

becomes twenty over each. Like me, baby to save up all you can hear you, yeah and so on, but you're in an unusual situation, part of you having a baby is you need this car? Yes, and so I would five of the eighteen and poor lass, and buy a car a reliable many van, Ford or car of some kind. Whatever you want to get and you get a lot of car for five thousand if you're shop carefully- You gonna park. This thing Oh, I don't believe in your city where I live in, Brooklyn much more easier, Virginia Teddy. Yes, he's gonna kill me In parking spot in the city can in Manhattan can be more than an apartment, bs, ok, just good so five thousand hours. May that that sure that's your max you what

you spend more than that. Let me tell you what you did. You use your baby as an excuse to buy a car. You wanted yes Could you please cars? Five trips a month? That's your actual me and I really feel at the fifty eight two thousand for a car until we analyze decided at losing due to start listening to you, To get right after the baby camp, yes, shot by a car for five thousand I'd leave the thirteen sitting there out pile up as much as I can pile up on top of that and baby comes, I will take it down. Two thousand bucks and restart her baby steps and attack that debt and then, let's get the rest of that thirty thousand bucks only about fifty at that point, cleaned off die as fast as you can get it cleaned off and then watch that's cleaned off. You build your emergency phone, your work and your baby steps, but yeah I get the car I get the car purchase and I'm not in all, but just don't

use this as an excuse to violate in doubt our car, which is what you are about to do. You said earlier, and then Stumbled into the Youtube or are podcast world or something We interrupted your plan so It is a different world, where there's that kind of public transportation and more it's quite the norm. Yes, it is versus mode your cities in America, you wouldn't even have we have this conversation ere, you will need a car but New York, but up, but that that Sir very interesting eighteen thousand hours at his age, I'm pleased with Britain. Houston. I Brittany. How can we help thanks Maybe you can transfer taking my car and I had any five hundred a month emergency- and I have no doubt, except for a mortgage- richer- still owe eighty six thousand on any are leaving for king Gos that cover in them to retirement.

Right now, I'm working on king or have an early, and I was actually does offered a new job at either by the commission. the of our shared two to three years in we only plan on ranking lovers, they're not buying a house, do anything to build on our role? And after that, you too to european films. action is whether what we should do with our current house? Innovation keep at an banking out, which they thought of constantly areas would be about, eighteen hundred a month or is what we should do it pocket money invest that would enable. I in particular were ology, so warm water, the morality of thyself viruses. Ok, Obviously your medical doctor,

each day. Peter got it. I got your doing. Research, research, fellowship, ok, good good for you and there's no foresaw a chance should come back to you now. I say now not assurance knowledge driven does. That can be super valuable. I think you need to concentrate a hundred percent on the fellowship, not on being a landlord yeah. Ok, I think you're you're focus, should be singular. This is an important opportunity for you, it's beyond important and it's a beyond. Actually quite an honour as well. obviously have an incredible intellect and I'll! Show you I dont want, distraction of some idiot changing his Harley oil in your living room back in Houston, while you're on those other country Sandro around a work on saving the world from viruses and I shall now. I think we need, focusing on their fellowship all others do cook Addison Agri there, so yeah

I would sell it. If I were in your shoes, you'll get a plenty nice house when you do make the final location that Euro land in Dutch. longer shuttle and ordering bad plan. I wouldn't do it not even consider it not good I thank you for what you doing now. We have only. Let me neither we need more of you absolutely in good analysis on a whirling I'll, be there for a couple years. We're gonna, rent there, that's a good that was it decision already. Having already made going now, with a wash

stay stable to what she finds that when she finishes that that's gonna, just increase or value hunger marketplace dramatically, pretty impressive good stuff that puts us our in the books thanks Antonio male James Childs, until it anyone the booth. I M very rapidly, we'll be back with you before you know it in the meantime, remember there is ultimately only one way to financial peace, and that's the daily press have a friend or family member. The needs of daily dose of Ramsay advised and their life, let them know about Ramsay call other day, part cash. It's a quick of advice about life and money under ten minutes check out the Ramsay call of a day wherever you listen to pocket, feel like you're in a rut and living life just going through the motions, build confidence in yourself and learn to trust, the God who created you check out the Christie Ride, show where Christie inspires, you break through your limitations and create the life your proud to live, pale and cresty right. You know it so easy to feel stuck. You live life just going through the motions doing this is doing laundry carpal lines and a whole list of commitments that bring you no joy. We live like that. That's why I want you to check out the Christie Right, so each episode will help you felt competence in yourself and the guy that creating dear more from the Ramsay network, including Christie, righteous wherever you listened, applaud, Catch hates

aims producer of the Dave. Ramsay show this episode is over but check the episode notes for links to products and services you ve heard about during this episode.