from the headquarters of worms, usually shoes. It's the Ramsay show where matters DOM gauges. King in the bay of mortgage has taken the place of w status, symbol rooms, euros, Doktor, John DOE. Only remedy personality is Michael Lotion. Today, as we talk about your relationships, your money, your work and your life, it is a free call at AAA eight to five

five tube to five. Some say they advisers worth exactly what you pay for triple eight eight to five. Five two to five Aaron is starting off in SALT Lake City. You talk, I Erin Welcome to the rams, show. Dave and John, it's a pleasure to speak with you today, you two what's up. So my wife and I are getting really close to getting out of our students. Loan debt and were really looking forward to living the debt. Free lifestyle, cool and work is curious, which still have a couple credit cards open, and we, Want to know how that works in closing those down and what how long is the process takes? basically get rid of your credit history and credit score your history, will stay with you, seven years from the date of last activity on each item. Ten years, if the item was a chapter, seven bankruptcy. So if you close

credit card, a girl that account will show up for seven but it'll get obviously progressively older men went from one looked at your credit bureau report. They could tell I they close I like, credit card five years ago, in short, really doesn't started count in any way for you against you. Reading. After a couple of years,. but it still shows up now. That's it. That's the show up part few shut down every single account, you have no outstanding credit account. Of any kind and they're all closed and zero bounced about? six months later, you will have no credit score. might be nigh. Lando might be nine months, maybe twelve, but somewhere in the six to twelve months. Ok, one we're looking the move or eventually, by all things won't show up in a couple years. Can do the whole underwriting promised us that you talk about. They will show up, but you won't have a credit score

Do a manual underwriting with a zero The Koran under terminal credit score, show so, for instance, up I'll chapter, seven bankruptcy. When I was twenty eight years old, I was thirty eight years old and it was still on their, but it didn't. on against me anymore, because it was ten years old. You know at that point, and I wasn't borrow money any wiser than matter, but it doesn't, it did not oh towards creating a credit score, there's no activity, so first thing I did was make sure everything was shut down and closed and z Road and there was no continued activity, because if you have an outstanding bad debt that stays I guess you're gonna they're gonna keep active, keep adding. activity to it were there trying to collect what you owe so bad being on their will, keep open your credit score and keep it low, but yoga if you have zero accounts of he kind showing up on your the bureau report as active there all

closed and they're all zero balanced. Then it, doesn't take that long for your credit score to evaporate, which is wonderful, f, Some instances of the last few years were buying. maybe buying insurance or by Anna Cell phones alive different companies give him a run. We want you to know we're gonna have to run a credit report and its I'm paying gadget the gap is just part of the and it seems like more more that's score. They want to know who were there dealing with while they're trying to figure out. If I show you something is part of what they're doing some geishas now with insurance, there's insurance gets raided. If you don't have a credit score, you're gonna get a lot more expensive rocky, because there's a bogus study. Was done public, twenty five, years ago, the averse to Texas, we University Pennsylvania together that showed that people with Oh credit scores. Had I paid had higher claims on their car insurance

and their homeowners measures or more. go to have a higher claim on them, claim at all and a higher claim what they did in the region bogus which does make sense, because you are broke people as they say. That's, but that's bad menaced by statistical fishing. There. No oil, though, that what the thing they left out, the regional budgets they left out, the a person with a zero credit score right What you would find someone like me never physically, because tons of money as a gas in Rogers package oranges fixed the car. What to resume its show it it I if they had done, the sturdy a little bit more thoroughly. Someone like me, but I pay higher car insurance rate because the zero predatory. fascinating, and also that that's, but that the other, then it just cause it's a bad The entire industry used as an excuse to raise rates

so why bad study? Why would somebody in your network situation still carry car insurance maker labelling? Could you have to get a thriving illegally well and its inexpensive? The la billet important? I actually carry full coverage anyway. Dr expensive cars and it just to skirt and gets well what's called stated value, we're not going negotiate about the value of the car. If it's gone, we're just gonna needed right me that check gotcha in that a more expensive to Georgia, high it but super how deductible carry a huge deductible but an expensive vehicle. you're driving a hundred thousand raptor Radie thousand, neither raptor than that's you know, situation in which probably gonna make sense, and I am told it to carry them, but there's it's a tap when it becomes a decision, a monopoly money for those further the sole tax rate so we're thinking about it, just taken care of and think about it. I like that, but the end that adopt while the had adaptable makes the price reasonable so run,

What way up, but I saw that, but on the cell phone, that's completely bogus thou shall yourself oh, absolutely and in what I do in those constitution was out much alfons with their company would get a brazilian cellphone. So it's a different corporate contract, but if our walking in a situation pops up like that with me today or with you today, just go not only the zero credit score, but my credit bureau reports frozen, and so you can't access so good luck with not only does not work. I want my business right now work, our do you want money or not. In there like a yell taken money has figured out. But there's something I have not had any services of any kind that I've wanted denied. In twenty years. now Mr Prodi denied, but in the first ten years will not I started this stuff with no credit cards. I would work no credit card didn't have debit cards she had to have.

so I'm like me, I know run into places that I couldn't get in the hotel. Like grandma, I rent a car with a cash, there was no debit card as a substitute that was just as good I didn't know that as an option and of those days. Online didn't exist right. The internet had done exist in that in that decade, show, but that didn't origin. in writing. I want to beak one time on people getting out of debt and they had preserved the company

making for had reserved me a little car. When I got there blame they will, let me have it. I had to call a cab that taken your principles, though man. It's not not have another credit card of none with wherever NOS thirty one years ago, this is the Rams Asia. Over twenty eight thousand companies use nets weight by Oracle, including Ramsay solutions, because nets, which gives us a single view of everything we need to make daily decisions like your financial inventory, HR planning budgeting, and

more, all in one dashboard go to net sweet, dotcom slice, Ramsay right now to get their free white paper, the eighty twenty CFO nets, we I got shot Ramsay Doktor, John DOE lonely rooms. You personality is Michael vote today, as we talk about your life and your money. Thank you for joining us. America were glad. You're here the user Knoxville the are you They were real deserve. What's up. My question is my wife and I was married three years so far, which had a baby pointing out there and we have done

everything to achieve for your standard, the yacht Mary we paid off forty thousand and her school alone. We cash her wrath goals you announced by commissioner now joy DNA we just now by the house is better doubt imports and nowadays we're going to know for saving enough money per mile wait and go man regulations. Do you? Have your emergency fund and done it through Here. We have a ten thousand dollar emergency on which our national income, right now. I want to part time, I can stay home and they deserve our little kid Now our household income is between one thirty and want body with out my wife's bonus directive. Twenty thousand each year, ok an art and are you saving fifteen percent of your household income and her baby step for into retirement? Yet so

we put a thousand dollars every mile into our off our aid and after that were only saving around fifteen hundred after everything's paid for, and which is unusual for us, because we just now started our raw before that word: Catholic, school and fighting for a damp, and so we got used to saving three four thousand dollars a month now with how about I mourn are entirely. Are you familiar with our baby steps process? Yes, ok, baby step forward, Having fifteen percent you you're out of debt? Ok, so your other type of and you have emergency veneer. The types of savings are done were and the baby steps here shall baby steps forward. Fifteen percent of your gun, Going into retirement and so that would be twenty two thousand dollars or phone twenty thousand dollars a year. Ok, some we are going to return the shia Fora, one guy available her place.

Yeah yeah. We think we put in five to ten percent aerosols little hooker, you need to add up your total income Tom's fifteen percent- make sure you're putting that a mile away in total and no more? In regional, and I always but how I got no more than that. Everything above that would go to. First College fund baby step five and babyship six above that We're gonna start paying down the house quickly. What you gonna, where you would have been throwing money, additional monies and savings now you're, putting a love it out and a parkers get him and started for college and then beyond. we're gonna get the shout knocked out and they said it was a really hard for tools like hell. Even so, gas supply bathing like bleach without a mug down the like fifteen hundred a month after everything, H, worn through fifteen hundred mark is not enough. Bride show that that's that

point in Hay Matthew. Let me give you a little piece of advice from this point: never say your baby sitting, your own kid. It's called parenting, ok, you're gonna, you're, gonna, save yourself, some heartache with your wife and other people to say, I'm gonna stay at home, go part time to parent. My kit, not babysitter mute base. It ass a teenager, the tire off from an app or something I know of local courts of the Erika. There's much you sent on echo, I worked Catholic Incense Cincinnati High Kathleen. How are you I'm doing great, I'm very blast. Thank you so much good and how can we help ok, I'm, it's coming home. We had doing great there, my husband decided to hit the pavement on the fire highway, though now we have an issue where we have to retire were opposed to keep or when I remember, was suddenly ownership. Your husband did the pavement regionally and yet his heart did you pass away? No, no, Oh he's still alive and she is bad

need a pull over. I pulled over. He acted like he was gonna get back and next thing I know, he's blot on the ground we found out. It was hard and we had a heart attack they say it was a though anyway, I know, if he's gotta pacemaker now, ok, we get home doktor chosen, he'd have to retire. We weren't plain retiring retiring until he was thickly fixin to third, by the huge have to do it this year. where'd? You don't want a flop slowdowns, but he's doing ok. Now. I e upper right now we're very well. What does he do for a living he's an engineer and that a fracture Who is in a dreadful situation for this the rest of the the evidence of the work environment. Yes, ok and the doktor, that's cool

rebuilding to his heart issues, white. I would recommend Meetin with another doktor yeah, I'm not that that my email needed that job, but idea that the solution to stress as to do nothing non actually began to doing nothing just to lead that company because he's ok, being the engineer. Mentality is not wanted to sir Home region, not a living. Their company is different than just not working anymore. Our bed. He would like to have that choice, which I understand, worries common from The question I willingly house is more totally out of debt except for house, are yours: three thousand on the house, We have been pretty much living on half his paycheck

brings home around four thousand a month, and I take an extra two and put it on the house. with the payment to pay off. So my question is is should I continue to do that. What is your money to those? We have twenty four, in emergency fund and we have about three hundred seventy five in retirement vodka all right. You, you are Firstly, the detail, person and cousin we have discussed a rebirth, everything's absolute That's ok, knowledge, a good thing. I understand just easy to communicate with, because on the same way, the yeah. We call him nerds around here and we love nerds by the way so chasm that way so, but but

shoulders. I think probably some another play- that's actually going to occur here. Ok, I think you're gonna get a second opinion on the your husbands, ability to engage in to work three or seventy five thousand, with paid off houses, okay to retire with not super great, though it's better than nothing but it's not it's not like it's autumn, Can? You dont worry about life or anything like that. So I would think that he's problem, going to work a couple more years somewhere else in a less stressful environment, that is by the medical professionals and that income will go ahead and get your house paid off. Meanwhile, you need to keep putting money into the forest, ok and growing it. Instead, we are doing at if we can have the tools to ten percent if we can get another three to five years out of this, which is what we originally plan was

your three hundred and seventy five is going to become five hundred plus what you add to it, probably going to come. Six or seven hundred failing a lot more comfortable and the house gets paid off. Obviously done want to caused him to have a heart problem by me. Putting up alive on his back and say needs to keep working but a thinks I'm kind of work at aid. Maybe even the same pay at a different environment is Prob We're gonna be ok, also want to No call show showed its nervous when you were. You you get on the air and you ve got these lists that you ve. You run Olaf's. I want to speak too much into your life. Your butt way you presented your husband's hard issue was

a real inconvenience to this plan. You have, and I'm telling you or leave going goodly at the pavement pay on it, and I will tell you that is a recipe for a stressful home environment as well, and so maybe consider looking at your husband is- and I know you do this, but is

his friend, who suffered something hard, his scared and let's sit down for a minute scared, her two escaped death and then, let's figure out what what comes next, you may have to go to work him after work. Less would have that looks like, but you live in absolutes, let's softened things up a little bit and grieve at these edges. Railway we're screwed up this time. Dave dogs drawn a lonely, Ramsay personality is Michael host. Today, as we talk about your life and your money, it's off recall a triple eight eight to five five, two to five Christian Chloe are on the line and Jacksonville Florida says on my screen. You gathered debt free way to go

guys how much you see. How much did you pay off poorly seven thousand dollar, forty seven thousand ninety dollars good job, and how long did it take twenty one month? and your range of income during that time. Fifty eight thousand to one hundred and twenty five thousand, although some nice job what you gonna do to topple your income, so my wife. She graduated college, so she got a job and then, on top of that we did a whole bunch of Dore dashing you breathe. I did some freelance, where development on the side as Well- wonderful, so what do you do for a living? a graphic designer Imo software engineer you very good good for you or Canada The forty seven thousand,

Oh everything, student loans, car loans- we had a cell phones were hardly massive credit card, yeah everything while but of everything? Amazing? Ok, so, did you get out of school closed twenty one months ago him? Yet well. No, no, no! You won't! You started it before you got out of school. That's what I've heard it before. I got out of school and then we actually paid the last three semesters of my living in cash. So how much? how are we married. Four and a half years I shall what happened twenty one months ago. There were major push start. So Actually we were sitting in church one day, listening to a sermon on money and we felt really convicted about not tie. It was something we head. Hasn't disagreements on and we're both really scared about it, because we had pretty much no money at the end of the month to the point

we were actually putting ran on the credit card just trying to make ends meet because of the holder. We dug out trends you're sitting There- and we decided to trust god- and we made our first, I have together and prayed god- we're not asking for more money. Just to make this happen, I'm in because, a couple days later, literally after sitting there in church, my best friend had called me in we're talking in Uganda active. How are old car was about to die and now is like there's no way that we can afford a card. Like I don't know what to do and should like stop top lake oh no party may like this. Just listen. Hear me out. Have you the baby like no and should like he's really cool guy, and please read total money make over and adjusted three from a while. Yet that's exciting,

He she, your friend yells, like Dave, does then who sat down with you and have this conversation, he actually talk to me about them. and then we would listen to the book on our way to Disney with like it was nice long trip to like listen to your book and learn from there. We cannot start working on together how convicting of it? What was it to drive to Disney World on Disney past, Is that you bought with a credit card. Listening to total money, may cover oh yeah, oh bad! It has to be a painful drive that takes. will the Buzz buzz scale. You're gonna go displacement. Whatever cares now were white and go guys prodigal. Ok, This is amazing. It hurt your very, very fond show what what

now people are key to getting out of debt? Is you did it? I think for me the biggest thing is just the budget like with its amazing to me how free it was to be on a budget just like if it really makes holding work and, for me I'd, say my biggest motivator when my wife and my why? What has changed family tree bankruptcy before and I didn't want to have future children live up in an environment like that? I the owner home, and have you no financial p? ability- and I mean that's me eighty six have allowed us to do that. We actually just completed babies up three and two Now we moved into a brand new home, you no less than a quarter of our take on pay. Guys like get well done were applied while played excellent, excellent job guys. This is so fond proud of you

good good, where you very good work, how we got it. B of the baby, Epps millionaires brand new book. Best seller and how ordinary people build extraordinary wealth and how you can to that's your next chapter in your story gone and be millionaires. Now, that's pretty fun. of course, in Mogadishu. Gonna give you another copy. The total money make over you to give away to some one and cause just like your friend did with you. You can you stop it. We were a girl, Toy Jacksonville Florida. Forty seven thousand dollars paid off in twenty one months, making fifty eight too on twenty five, Canada, zero debt breach group. three to one where, Is one

ever January. We get hundreds of calls from people who are ready to start fresh, like those guys ready to go, control and you know, chronic the planter and figure out what to do next. The plan that has worked for millions and millions of people is called financial patient diversity, our clients that that has been taught for years and, of course, updated. We just updated data from a videos the other day that we brand new ones coming out in several of the lessons for those of you that her Nitrogen leading people through B be looking for some new stuff on your on the way, and I not John alone did a new lesson for financial measure voted is absolutely amazing. It can't wait for you to see they did. That would George doubts goods. and so the whole step. step plan to get out of debt, save money become outrageously, generous and, a couple there? They just want the danish one for now, at a time when first I want to make a work is still eat. You know,

and we can walk you through how to do that. Ramsay solutions, dotcom, Slash, F, p! You, you can have a free trial to Ramses, plus and arm remedy. Plus Tell you show you exactly what to do in financial patient work is a part of that in getting the every dollar a premium virgin get going so that's Ramsay solutions, dotcom sledge! of pay. Slash financial patient, firstly, be sure and check that out eight now that that last call the deference dream. I wanted not blow by something they went from a conversation with their friend about hair car is dying, and I don't know what we're going to do To twenty one, once later, they pay off their debts. That It is incredible, but they do hold their income through gettin anew job and sighed hustles

There's this moment of despair when so many people talk to our collective with their right now. What do we do and then its? or we can do something. We can do a little bit more and we can push a little bit harder in. Let's go try this I'm going to do this and I'm going to sleep tomorrow because I got to get this done in look up and they doubled their household income and about our health they bought a home through it went from worries about you're, worried about how they're gonna buy a car, and the net result is debt free and by half and I'm in it. Thinking What would you do that you took action? They took action and they took action. Six bucks at a time, adored ash That time not I gotta. You'd make a hundred thousand dollars. They did it. Dort Ashputtel, my daughter? She got another job which is great, but they nickel and dime nor the babe date, not not poked fun, but they buy step their way to this thing and we over think get

despair. It's gotta, be this big rainbow it does. It's gonna, be one step and then another one and then another one. It's a credible to the verse. you talk about this autumn, the physical changes, the physiological changes and they don't have- with inaction. Now, when you take action, even if your unsure even if you're, although but desperate, even if you buy but you're at least impacting the situation. Is that little let making lings situation impact you there's something I should be released inside your body inside your brain inside your spirit and

yonder moving the money around in despair lifts with action, the cloud goes, this is the rams. You show Bank for joining us America of recall a triple eight, eight to five five, two to five Jordan's, where there's a little Rock Arkansas Jordan, our you

I gave on doing great. Are you better I deserve, what's up so I just went through year. Financial peace university and legacy journey and it was also a great and I caution for you. It is kind of following in your footsteps. How'd, you you become a billionaire, a billion air I heard you say: that's one of your goals I know you said, like mutual funds won't get you layer in its at like five million or something like that I like you like, is not capped at that, but what I that was was that I would just on this book by be steps, millionaires and the difference in a million and a billion is a billion thousand million? So you know you, you become a millionaire. Everybody can without a doubt using your fora one guy in funding it generously like

knowing the baby steps and then getting your house paid off and that's the typical way people become millionaires, the first one to five million is what I was saying on that it doesn't cap at that. But There's only so much, though, that you can put into a for a one k and so there's only so much you're gonna have in a four one case: you're not gonna, get to a hundred million dollars in your for a one gay. It's not does not matter by possible. So in that would only be a tenth of a billion show them typically, no, I don't I'm not an expert on billionaires imo, millionaires, studied them, and I ve at the numbers, alot I'll, tell you what I generally see all Forbes. Four hundred is now billionaires, there's no by an and no one in the forest. Four hundred this, not at least of worth a billion at least one billion, Besos hundreds of billions. I mean it's crazy show the vast majority.

Seventy percent of the Forbes four hundred the wealthiest people America are first generation, meaning they found it from nothing, and so they didn't inherited. That's good news. That means a lot of you got a shot at it. The bill, errors that I have personally met not probably met now in Paris, twenty five or thirty Have you not studied and read about a lot of the others? The van majority of the made their money in a business. They created a thing: they created a thing: ok, so you look at Michael Dale. Ok, you look at true Cathy or Bill gates. You look at we'll get you you look at our opera Winfrey. These are business people. They created a business that became very, very large, and so the vast majority of my wealth beyond the four ten million network that I made has been from,

the business Ramsay solutions. Gotcha. Those that somethin words like you, need to take a company, a boycott of me, Could I don't have to check for not public Ramsay solutions are not public hobby. Longer. There's no mumbling and David Green would be on that list, here you can. I still hold the same principles with like enhancing businesses like that? finance any. What restarting something on others now there's? No there's! No indication debt caused them to become a millionaire But what did it with some kind of adding value to the market, sure adding value to the community in people pay them for show like they bill gates. Most famous example camp comes up with personal computer right apple attributed to a singular person, but where adding value your good or a service that you are bringing is

extremely valuable, Elon Musk, is adding value with the Tesla space action so on and so on. People and a lot more people. You'd might not be household names like we're mentioning those are all multi billion years, but the first one to billion, even an unusual number of them. Did it with a business. I can't I don't have actual facts on it in terms of action percentages are of a broken down, are up detailed research, but that should and about Lee, look and added and say ok whose on that list were there, play come from and you just gotta do it that way, and it's kind of common sense approach to the repeated to the first round of what could become too I'll research, but I doubt I'll do detailed research on a billionaire Where did the narrative come that if or wealthy? It's because you did nothing in some gave it to you. Is it that the data

your book says that's fine This just simply inaccurate men. had never even thought about the billion years. I'm sure there's Saudi Susan, whatever an id, but these folks like hey. I talk about right boys right time, the world shuts down, and I got this little company columns on the delivery of your door, you, remain like they created something of value and beyond that, The money comes from you know it is someone got helped, someone got served, someone got entertain, yeah and that's where the money comes from, but this narrative is that while there it is marxism. You cannot support communism as a as an economic methodology. It unless you first have to lay the groundwork and say that that off of the wealth they that the era Obviously that has the wealth are evil so it must be taken away from them. You have to vilify yet

then the problem is in America that that the people that their vilified, our successful people and The problem is their successful, helping other people, their people, and so the narrative won't hold water in America because we're Walker ongoing. No, I know that guy he's not another girl there. Not I don't hate, Oprah you know I'm sorry, you know you can't it's not legal to hate. Oprah come in you can't you can't I'm not! You can't go could kill all the rich people in a locker the russian Revolution right, and which was brought on by Marxism and brought on by communism. So you it whether to that violence or not. You can't to say that that life is unfair, and so we have to have anarchy. We have to change the whole system of economics, two to one where everyone is equal, guy are the only way that that works, as you have to first vilify the ones

of the money. Those who, above the Bell curve, are evil. Yeah, that's how they gained. You know if they, if they were russian aristocrats in nineteen o one you can go back and only prove that they were inbred. Evil no reason for having the money the money was handed to them and they brought provided no value to the community. So there's a lot easier to get mad at them, kill them all and Karl Marx in our steps up right and so that that's but but the problem I hate of Jeff bees us drops boxes off at my house where he does I know it is his somebody before anybody, but but I mean it provides me with a service whether you like it or not. You know a lot of people use what he is and over the Alike bill gates or non or whether you, like you know the whole Microsoft, MT versus the apple movement or what are all that? Doesn't matter don't matter. Bottom line. Is the personal computer has changed the world right now? I've been sitting on my desk here that filled a room

our generation ago, the brain and so, and those men, the Michael Dales and the women are involved in these things, a Silicon Valley and they brought value are the robber barons out their yeah, of course, by needs are everywhere, though, by large they're, not the norm. the norm, and so you have to say, you have developed, success and it just as it is there haven't do not America, because the data is against them as Ets, Yad that the data so clear that very clear, so you got ok. Can you make it without from Jesus Chicken humming? You gotta have trick flight right. So it's like ice. It's you know. If you dont have some every so often does not okay, so it's their serve a lot of people, but with the fast this service at a drive, Lou anywhere and high quality, hot food and kind and wonderful teenagers working there, that no manners and we're about- and it's pretty amazing and also it it's enough.

How you gonna vilify the right. Well, you have to if you want tear down

first have to make it bad if you want her down and that it and the problem is its ally, not true, but he asked who ended so it won't high water mark you. So you wealth inequality, people! Sorry, you gonna, take your communism, no different continents, it's not gonna work here. This is the RAM Shep, hey! It's Kelly says he pretty certain fence arena for their aims. If you would like to do your temporary screen line on the show, MR you visit, the Ramsay shall dot register with library nationally tell your story. If you're looking for fun and practical ways to save money in your everyday life, you need to check out the Rachel crew, show a pod guest from Bunny expert. My daughter, Rachel crews, guises rates of careers and I'm so excited to tell you about an ipod. Has a lot of heat, whirling paychecks paycheck 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 starts, so each emphasising gets a time of inspiration and practical advice not subscribe to the Rachel crucial podcast, make sure you hear more from the Ramsay network, including the Rachel crucial. Wherever you listened, the pod gash pay its James produce.

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