Where's your solution. Dollar car land, where America saying about haven't you have yourself more peaceful conversation about lies about money, but you weren't, you relationships. Poland joined by my colleague, George Camel before Numbers AAA eighty five, five, two to five triple eight, eight to five: five, too five George, how you feeling today feel wonderful god you're like the sweater today, we like them and make me,

think of fallen pumpkin spice lattes really really, though, Blue does yeah you now the green that feels a little bit pumpkin spies lot at which, by the way, I want to point out not a fan. Really. I have a job. The credit I notice about, we travel together. Europe, peppermint mocha, guy, Jane Kelly- is point. James James, you like the pumpkin twice. I like it. If you put a few less pumps, a serpent nourishes, that's a sweet, the flavor, I'm a fan of yeah, ok, so light pumpkin, spice, ok, Kelly and I are on the no way train good for you. This sea killing. I wish lists is the content America's here for why thick people are losing their going you're either in one camp or the other there's middle ground was anti tampering, get James to give us any personal information. It's a win in my book. Is that right, yeah he's Fort Knox. Man? Is he really area of his real name? Is James? No proof! I you know what other types of folks Jape Charles Long term producer, the ridge

Finally, to be delightful, I really do he's quiet. I never said he wasn't delight. I don't think that he would. If I asked James like you to tell me you favour ban, I think he opens up like ghetto praise villages? He turns into a one of us just Gub. Gub Gub guy likes his music in a year is happy to talk about that and we are happy to talk about my view. So, let's, to it and a joins us into peek, a Kansas, Andrea you're on the Ramsay show. How can we help hiding for taking my car so I have a financial question, of course, but I'm on baby set number three. I have a it would appear that you ve begun with us. Then later, can I have the new dishwasher saying there, but the cost to fix it's gonna be about. Thousand one hundred and twenty three dollars and I'm just a little nervous about spending that money is about beat and eventually because

a lot of money out. The door will have other extend far aware, you from fully funding the emergency fund, I think I need about nine thousand three hundred for about three months, but for six months I was thinking about about almost nineteen thousand I'm a single mom, so there's only one income, so I'm just try. The plan. Accordingly, what's your name don't pay. Every month I take home a thousand two hundred and ninety five dollars, and then I have about approximately three hundred dollars: child. Ok, great. So how far are you into this emergency fund? about nine thousand ass. You have three months currently tonight I want ya to dislike, just you know, what's good for you now I just a quick question. You said the dishwasher, is in the kitchen. It just needs to be installed. I

the old dishwashers about on its last legs. I purchased a new dishwasher over Labour Day when they were on cell yeah, although it sitting could I thought I was gonna die sooner in the truck dragging along just sitting there packaged in mine and my My journey remain living right, isn't merit. My point is the three thousand one hundred twenty five dollars? That's the cost to install it now. It's too, I'm a place. All the character, so, like my house is an older house of lords were uneven. So when I looked in, we fix the oars and then now either rape of a force which I don't wanna Ducas there you are wrap up the countertop which I dont like anyway. So I saw you I got you, I got on track and with what the cost is. Ok, I gotcha ok. So how long would it take for you to get to that six month, emergency fund? How many more money

probably like another, sixty seven. I also paper private school in so, like that case a chunk of my budget so now large intake to continue on with the baby steps right now. Yeah I have about thirteen hundred twa between my fellow monitors. Let's get a slogan, Frances by uncomfortable, like about a thousand hundred dollars every month of extra margin. Now, for you that's great work, your question it as a single mom you're doing some incredible work. If I'm you mean, I'm finished now, this emergency fund to get you in a good, solid financial foundation and I'm dealing with the old countertops on dealing with the old dishwasher, and I, if the dish there goes out, I mean handwashing, you can wash em for a month. Could you do that again, I hate the washing dishes, I not found with you better get it, but it's just you and an end. How many close just one

we're doing replied yet for can. I just tell you that exactly why we stolen first of all you're, a single mom, you're, superhero, ok, Andrea you're, amazing, so key and washed the dishes? But if it's that, if a deal, I'm with George I'm Goin paper plates and Forecasts issues you in the KEDO and I'd also get some extra quotes on that report. I think that could be that it feels hide me depending on what you got going on. I would only a few quotes from some contractors in the area, and I hate this Would you charge for this to see if you can speed up the process of its to grant all that's great that might speed up the process by mother too, as well. Ok, Goddess one other questions, because I'm trying to help you say you even more money, do all this fast. I want one more idea, a gay. Are you involved and in the community have a good group

friends around Jude, maybe go to church or you plugged in somewhere to a friend group or charging anyway. Quite yet I moved here a year ago my parents are relatively really involve and there are good, some other work with a friend back on. They are here. I am pretty relatively new, have family and stuff, but I'm not. I don't have a completely curiosity or even that my church, Andrea, I really love affected your parents are there, they involve they're gonna help, I'm telling right now you can beat that thirty one hundred dollar, twenty five dollar me thirty one hundred hours called that. I can't talk to you George, but you can beat that real, I'm telling you can beat that with helping people, Poland in there demo one that your friends come in and have some construction background or whatever your dad's gonna know something that can come do that demo and we could probably do that for half of that cost. Ok

yeah man? Maybe I need a change? Maybe it's the cat cause it's the counter and think I get up it costs about that. I had a problem. Tellin ya. My ears told me to do it well, but if parents can make some connection for you and you just gotta see who would be willing to help you to come in, and help a single mom? Are you kidding me you know who told you to do it but are not paying your bills so changes to the situation and reshape the advice, mom and dad, but I'm over here do in my day should really change out the countertops yeah be three grand. Well, you should do it yeah yeah. Let's get some help, let's see, if we can, we can cut costs here, people one help single mindedly ought to find someone to pick a Kansas. I built a phone on the commercial break. The outcome was help her out, I get our predicament. Can you know we're Amadeo made my wife we'd all live on little house in the prairie. I didn't sign up for dishwashing by hand, but You can do it first to get a good financial foundation.

These Jen exercise? Well, you walked up hill, both ways. I guess I did, but I also still wash mood pots and pans. We put him in the desert sure. Well, then, you can watch the rest of them, but we came up with the paper plate idea, which I thought was brilliant we're both there. That's a classic dear near by April, worth the cops Carrasco for twelve dollars. Today we will have to take a quick break workable back. This is the re admission folks, after a crazy year. What are you doing to protect your future? Moving to a fifteen year fixed rate mortgage is a great way to build wealth, faster, don't wait! In best ten minutes talk to our Ramsay trusted friends: Churchill, mortgage right now, qualified buyers can get a fifteen year conventional loan for less than three percent. A pr and no hidden face call triple aid alone. Two hundred this is a paid advertisement. Animal s idea, one five, nine one: animal s: consumer access, dot, Org, equal housing, lender seventeen, forty nine Mallory Lane Sweet one hundred framework, Tennessee, three, seven zero to seven programmes are for Select Loon types only and are not available in all states locations.

This is the Ramsay show I get common joined by George Camel and we're taking your calls to help you forward in your life. You want to move forward in your work. Do Then you'll love make a bigger pay check which will help you get through the baby steps faster. Your guy this, what we do in the can comatose on the Ramsay Network and then, of course, George, can help you with your money questions as well. We're here together AAA eight to five five, two to five Tripoli, eight to five, five, two to five, the last eighteen months have been well, No, what you call em just a lot while to say unprecedented, but you held back is that were out is over. You we ve put a keyboard from that word around here, no more if every removed it from the lexicon pivot unprecedented, it's all gone. It's all we're done with it sells, looks up the day would say either way

is make you wondering what is next right, as you don't know, I may we felt like it was gonna, be slowing down those gonna be get better now flirtation now we're talking about are we going Christmas presents the stores always of the new to worry about. It really is a headline really is so anyway. Maybe that's how you feel about your money to you're, tired you're stuck stretch them. You know how, get out of it. You don't know. What's next was the next thing you have to pay for it, but I don't have to be their way. All you need is a plan plan gives me confidence. Their when everything else seems out of control. You can catch the money that play financial Peace University, this class, You do everything you need to know to save money, pay off debt and build well for the future. You can stream the lessons on your own or get support by going to the class with others. Then you, a plain into practice with the premium version of our every dollar? budgeting out by sinking your bank to your book You can easily trackers brilliancy we're money. Goes you get off this only with a Ramsay plus membership you'll have to

exhausted or overwhelmed. You can win with money. Start your free trial of Ramsay, plus by tat. Trial Three. Seventy nine that's trial text. That word Three: seven, eight, nine, LOS Angeles, California, the city of angels, Taylor, is their Taylor. How can we help how you doing today! Well we're live in the dream Taylor. What's going with you. Well, I'm not gonna walk with my eighteen month, old daughter and Estonian. Seventy five, like you can find it could be worse, could be worn Californian I'll. Take it can very nice young, like that. I like to see what you're doing their George. You don't have to take them from him Taylor. It's ok! Well, it is what it has given us. Thank you then some island giant, I'm alone exploit downright going right I got a question for you. Guys are the basis for you

What would you do with our money are? Naturally, situation that were ed. I'll give you a kind of a back. Aren't you a quick as I can my uncle? I got married about five years ago, or so at that time she took a position with Chapman University, Shiva Professor and accounting out here actually Orange California, the exact town and I a business without pirate bicycle shop like peddled by actions brought by back in Iowa, we'll split in terms of where we live about seven months, California, Can I want my he sees and is an idea which is basically her Sweden. Could she done an academic schedule so we spend? the bar sum of denial of amusement, Actually you out here in California. Now total pretty much all the baby steps. We don't have that

but we do have the are two homes in a commercial building. Now We have all here in California, it's on the thirty or more budget, two point: six percent, the of about five hundred and fifty thousand left on that It is valued at about eight hundred and seventy thousand so are How can I want the other comments on it? came later. One point: nine percent, about maintaining left on that and bad? diet is just over three hundred thousand and then we have partial buildings that we purchase last year that my business ranch from my business is a corpse and that then branch from us is landed. And the reason we purchase satin haven't morbid on it didn't pay. Cash is because we were very strapped with it, So it was either closed. The business up or purchase the building and rent from it. It's kind of a weird thing I got diagnosed with a toxic, more pleasing, William, that's a whole mother.

Yeah it's it's a wee. It's a weird and felt like. I'm like, I said, is a cannibal, weird situation. I thinking- and I can't I can't even go this way, but one might be that one out one or two In time that I just didn't you didn't, it didn't make sensible ready. Necessarily that completely upright life, and I was then the reason being is: I don't know if you're gonna be here in California, because my wife, her job, you probably have tea maybe three dollars left ear, but she does it? Can you turn your track, professor? But if she we get ten year after that, two or three you mark, then we would most likely move back to Iowa, though. Our biggest things like we have extra cash flow. Come again, would you throw added their homes or budget, but I didn t like an investment with retirement account why we have cash flow because you don't think that's gonna stay there forever in that

amount of money can go pretty quick most of our work. We have two hundred and ten thousand until retirement account how about seventy five thousand in alternative investment accounts, Oh that's right now, anywhere from twelve percent Ten percent, they didn't goody, consistent and then we ve got. You know, a thousand dollars? did she found him? Then it's about twenty Kagan savings. What's the savings for you guys have any goals with that. It honestly it just like that. I don't like an old shit like something happened, the time when alike? this issue building expands the rat type. A deal on we just kind of but my leg, just gonna like that have been voiced. What's the alternative investment? What sad about speeches like there's, somebody was paid a man s arm is gathered from our society. Violent dreamer, some

So I want to do today got u liquidate that and get seventy five k in cash, here he often within one, still have about sixty eight months last year, Look at these numbers are in, I know, you're asking ass. Well, they do cashflow yeah the road we have if you're when the baby steps. I want you to have a paid for house before we continue building well before we continue investing So that means we're not going to continue this investing track. I know you're seeing the money grow, you gonna get twelve eighteen per cent and it's been a great book market but what I want you to do is get rid of that Iowa House. It's ninety eight left on that I mean you could, with your savings in those alternate investment accounts. You can basically pay that off this year here that would fall Update Iowa Mortgage payment to them. The California payment. If you wanted to do that, and are you guys may not be there a long time but you're gonna build in your in your equity anyways when you go to sell it? So that's what I

that's the Ramsay plan before we go into in, but you're gonna have you the rest of your life to go wild with investing, but right now you ve sitting here with three mortgages, the commercial mortgage and at some point that could put you in a real bind financially. So I want you to have options and right now you got great income and things are great, but one day things may not be great and you're gonna have these payments to make so out clean up the. I would add, however, that mortgage attacked the California one and then work on that commercial one and I M anything you can that doesn't have any tax implications. Retirement accounts things like that George stellar stellar job, I have nothing to add other than adjust it kind of amusement. We began to move from our to California, California, back to I was fascinating situation. You don't hear a lot about people split in their time between island, California, and I just gotta imagined that is like

slow down from Mars to Venus is in a very different situation. I would think so young couple not only of California homeowner I'll home and that they have done very well very clearly a crushing. I would just simplify, think you're right simples along the one. I know you know, baby

on baby by the way thought he was a nice job walking streets verily he kept busy was a winded. Now I was paid attention to shape varying shape. You have such a good job on ensuring that money. Question George, I was a lot going on. I was locked in on his heart rate. What I thought it might be enough. I appreciate that glad you're being observed in some way shape or form. Well, you did a good job, as there is nothing else. I can add that there's a reason why Europe, where Europe manoeuvres, I like the numbers, what you're like a numbers, you do go within Sankey, Intestine party, folks, don't move more of your phone calls common up! This is the re empty shell,

Welcome back to the Ramsay, shall I get college? What about my colleague, George Camel we're here for you, America AAA eighty five, five two to five is the phone number to toll free number. Four lines are open, AAA eight to five five two five are George. Go to Winston Salem North Carolina and its word. Tyler joins us Tyler how coil Are you the one where we're having a Blount been here, I'm in love he scrambled, We do that every paper but allow but those who deliberately mass. Like my predicament, you not be out there in the bud I want to share loaded greatly, which are all right, I'm. So we just both graduated from school. We are avoided.

Just got jobs recently. That demands are household income right, you know it's on track, be, but twelve out of sight. One more time, spirit, unregulated alone,. But I'm worried Meriden do ok, we have a hundred and twelve thousand dollars of household income occur others, body, now that we have to. Thirty thousand. As of now and savings, both our savings account We have no debt. No car payments will vote with almost apparent that were not really find any deal with TAT. Don T do, unlike leisure bang, did we loser yeah. I think his his learn. Your coming in and out are you in one place you moving around? What's goin on. Not all Norman one voice on Them- office, ok,

So I am twenty three Kane savings: there's no dad you're, both living at home and anyway, quiet. So what's your question so with our current Vision, we'd all my rather like the way the market is. If I should like you that twenty three thousand we haven't, even if you look at land, maybe he's on land that containers on our land and then baby, potentially building outside or possibly to start, he's cute saving, all the money that will making month mark and then debating on. If we should grant discharge until I got fifteen your mortgage, that's great so. What's the deal with a wedding we catch flowing that who's paying, for that would be a more both bless. Your parents are paying for it, so it you don't seem very thankful, and when is the wedding in June, some time so from now until then, I'm stack end up as much cash. Both of you

as much as you can so that when you enter this marriage, maybe get a big pile of money and what I don't want to actually don't want you to jump into a fifteen year mortgage or some land. I want you guys to rent for a little while and get the hang of merit. That should be your focus where you invest your time, and why do that you can still be saving money. Why you're running? I know it feels like for you, because you guys have done so arrogant way, we're we're, not gonna throw money on away on rent. But here it's gonna! Do it's gonna set you guys up, not only financially, but in your marriage. There is a lot as a whole. I learning curve to marriage and homeownership added on to that is a big pile of nightmare. So I want you guys some footing and yourself, maybe Santa six to twelve month lease. To dream together go what do we want to do and landed You know it while it's great to buy some dirt. Is a dream to and does she want to be in a single family home and not wait three years for the hopes of building a house on this land. So if I'm you guys I'm rent and for a little while with a big

the cashier continually saving up make sure you're a you. Ve got that emergency fund in place? three to six months of expenses, you're both investing fifteen percent and then at that point, you're gonna have a big downpayment, and maybe you could even paper in cash and how old are you to go about twenty four years old, level you guys we're gonna be set up. If you do the stuff, you follow the baby steps you'll be able to pay cash. For a place before your thirty. Let this right with you right now what that what they want? three thousand we haven't savings are now. I'm no kind of debating if we should just act like we, don't have Two thousand of that Farmers be fun like you, don't even desperately had it definitely needed. We have it, but just like what we Don't do that women, you just keep out into that! Well, here's the thing is, I don't know what life looks like when you're married, you don't know what your expenses are yet and so once you do get married whatever you need for three to six months of expenses, you're gonna add up here's a month of what our life looks like lets me

by that by three or six view. Both have great stable incomes. You can lean towards three and the rest of that money can go towards your neck goal, which is sounds like you guys want to get into some real estate by something- and I am all for that in with your position at twenty three years old, making you no six, figures in a good financial I know dad you're gonna be able to get their no time. If you do it, you mentioned fifteen years. I love that fifteen year fixed rate mortgage, where the more Payment is no more than a quarter of your collect take homepage- that's gonna- give you guys margin to continue the baby steps to save for the future to pay off the house early, all of those great thanks you to get you guys are doing great congratulations on the way you have fun fun fun. Molokai next in Rogers Arkansas Mallika Hugger Wheel. Yeah thanks are taken, Michael Jordan. Can I really appreciate it uber, I'm so I would have preferred this question, but I'm twenty two very beautiful wife and you global children.

I'm only making sixteen dollars now I dont have a degree. Thankfully I don't have any tat, but rents going up it's it's getting to that! where We can't really do anything significant. I can't put away for retirement, I can't put anything in two savings account the most we can put in deciding to make each month about a hundred dollars. You know waving, even just leaving a little extra money for the unexpected star, for you know what You're gonna shooting a diversion something so I'm I'm really does not sure what to do in short options. There's not really anything off in my area, that's comparable! What do you know about them, try it out. You am. I where did a t shirt job, which is neither super nice people politically gig in it in I was prior to that and so our unemployed, but for a time then

but neither is really not much room for advancement. If I, if I stay there, twenty years I'll probably be near her The same thing I'm doing today how big of Areas Rogers Arkansas I mean it it's in the Northwest Arkansas area. Do it's a pretty big. I think it's one of the fastest growing areas in the country, but it doesn't really have any of the industry that are wanting to go into one industry? I wanna go into our motion. Jane Book design formatting, unlike hypocrisy and stuff, ok. Well so If that's the energy you want to be in where, where are those jobs, I'm I'm really not sure how colonial night so national, yet a lot of publishing jobs. Ok, you need your moreover, this you know, because you can't sit there, you got a family to take care of, and six dollars an hour is barely getting you buy and its, also twenty twenty one.

And you said you were in a really good airy northwest arc. It's all my goodness, Walmart out there been will all that area, and We are in a situation where companies are begging, people to show up dude you, make way more than sixteen dollars an hour and you It should be making way more than sixty dollars an hour nodded to tee. Your job son, to get busy? This is an inn. I'll, miss you, you ve got to discipline. You got to know how you doing a good job. You shouldn't have enough income and and so You have two issues. We have short term and long term, the short term. That's what just addressed, I'm kind of kicking in the sea the pants and go on get out there. Have you got a drive, a delivery drug. You can make twenty twenty two dollars an hour. Ok get out there and get busy. You do not want to go don t shirts anyway, so go wherever or you can go right now and get more income. Now then, once get stable and you can breathe a little bit

you can allow yourself to say. Ok, if I wanted to to the national area to get into publishing or New York or wherever. Where were you do your homework that the type of work you wanted to? Where the best place to do it just an area where the companies that are looking for talent, are you qualified if you're, not Alex. What is it going to take for you to get qualified? How much Second, a cost based on your budget. How I'm gonna take well these questions you need to answer after you start making more money and get some large generous down on him, say: yeah yeah! come on? I appreciate you hit me in the bottle and listen it have you got a lot to argue that more than a year you know it, you need a picture of that family. A picture of it future in your head, all the time you out there, man, if you gotta, do to jobs right now, there's play

of money to be made. You have an income wish. That's it could again come walk the baby steps out. He had called qualified for the future that you one step into. You got this. This is the real issue, welcome back through the Ramsay show. I can call the joint by my colleague, George Camel. Our scripture today comes from Isaiah fifty eight

The Lord will guide you always he will satisfy your needs in a sun scorched land and will strengthen your frame. You will a well watered garden like a spring whose waters never fail. Today's quote for Exemplary! You are the only person on earth who can use your ability loves egg. Of the simplicity but always allotted depth, behinds excel man great do day. I never get me a day. It's about whose mandate heroes, but I never got to meet zig, unfortunately, or it let's get back the phone lines of code Luke in Feed Arizona, Lukashka well We are having a blast what's happening today. I just have a quick question: at the beginning of the year- I am saving- and it should be a yearly thing as long as I the job I am, but it's a proper Jarrett check that I'm going for. Where between forty and fifty thousand dollars next year- and I

wondering like how do I budget that with the rest of my income What's your household income, so my regular salary at seventy two and then it has in real estate in some way, between eighty and a hundred you make depending on the ear, total household income is somewhere in one fifty to one seventy range, maybe yeah, and then the bonus was gonna move it, thereby some move it up. That closer to us tat standard way to go. Man, that's awesome, so, where you guys agony of financial picture of where you have been following our baby steps our work. Now we should hopefully were selling a rental operatives. We had that without a state. Thank you. And arm So the lemonade, almost all of our Oliver debt, plus give us at our emergency phone fantastic. Put your baby step forward. You guys are investing fifteen percent of your household income in retirement yeah. Ok,

and you have a primary residents. He already on a house and has paid for now. It's not ok, Margarets. What's the mortgage on that for fifty four hundred and fifty and what's the house worth six hundred and sixty six and one slash, two Ok, so I'm you guys, I mean we are applying this money to your goals and treating it kind of like an irregular income thing, and so I find you if I got forty thousand dollars today. I'm slap in that thing on the house in paying that mortgage down. I mean you gotta sets a sizeable mortgage, their answer you keep putting that bonus towards that. On top of any extra margin, you have passed baby step for you guys have kids you earlier, you ok so once you start investing that fifteen percent into maybe or for one k, Raphael raise things like that, then you can Sock annoy some money for the kids College Fund, I'm guessing! a little younger, silent, one perfect so

lot of time, but that money some essays, five, twenty nine things like that to let that money grow tax free so that when they go to college, if and when they do, you'll have money. For that on top of that you're, a baby steps, six, which is where we're paying off the house early. So once you get these plate spinning you ve got your investments for retirement. You ve got the investments for kids college. Extra margin and any bonus. I want going towards that house and if you do I mean that sounds like in a few years. You guess can ever paid for house that's worth six, fifty or more than any of the money aside for tax purposes, wise, I'm gonna worry, it's gonna be we too in town, but I dont know I tell them how they don't they don't take tat. None of that bonus will you. No, it will be hacked by like you just it doesn't get tax but the right wages they just when you see the w. Is it the accounting for my income? It doesn't get. My wife is

his daughter? Ninety nine solved ship, none other than to celebrate the basically first there's extra taxes I need a sure if you guys calculate those taxes set those aside and a separate funds that, when it comes to tax time, you're ready to pay for that and, of course, I'd be work where the taxpayer, with your situation you can it was one over Randy solutions: dot com there there Ramsay trusted you gonna help. You do things the Ramsay way they ve invented our team and they can help you navigate what those tax implications might be for your scenario, because a question of a way to go, awesome, This is. This is good. I like this. Forty thousand dollar bonus had. Oh I, how do I manage it? We like those calls so incredible and put in a great financial spot lover: art. Let's go to Chad and Indianapolis Indiana next Chad. How can we help which he can honour to be on the show here have quickly. For you with regard to a potential. Did business purchase. So my wife and I are in baby steps for five and six put back.

Two percent for the time, and I found the baby steps and employer owns and insurance agency and has given me the opportunity to the potential owner and the future. Here there are other partners involved, really get friends of mine and color occurs obviously there is a lot that goes into a kind of partnership. I know: do you ve not a big fan of that My question is so the option is to go forward with a structured by out that would be essentially we would be great. Julie, buying up the agency until we reach ten percent ownership at which time we would become the full owners right now, my opportunity is thirty, three percent partner, but two partners are open to giving maturity, every time I would have me yeah.

Ok, allergy, the majority, only a couple of questions we only about three minutes or so so we gotta get to the facts here. How much is how much is that payment is bottom quarterly for you to get to the thirty three percent. The payments for me would be about fifteen hundred dollars a month Son evaluation were out right now, That would be I rose and went from each partner in order. That ten percent take how I've years to get there are. That was my question so take five years to get to where you would only thirty three percent now explained to me quickly: you ve, been moved from thirty three per the other partners, you gonna, give you the majority. What is that look like? Well, so I admit, the other partners would always be part of the buy out I would have thirty four percent, so my payment would just be a little bit higher than theirs and then

the actual bile occurs. I'd have thirty four percent and they both have thirty three. So what does that give you over having thirty three as far as Just give me more control over business. I know that you have had a majority voting. The voting share. You can get him exactly. Ok, that's what I want to know is it. You have a little more power and control in that spot, so I'm doing the manlier fifteen hundred bucks a month. Five years, you're looking at ninety granted by into this thing it's actually a hundred grand, so it's just a little bit more than that sucker music, so hundred to buy it and what's the upside of this world, so. The upside is e business poles in about two hundred fifty net profit at the end of the year, once I purchase the business, then then we'd be looking at all that side coming in which I can then use to pay, The remaining

on the business to the prior owners so to fifty net profit, is split between the three it would be between the three. That's on time of having very aggressive my dinner planet to pay em off. This is gonna. Take way too long. It's not there's no value doesn't sound like it's gonna be easy and the sound of it get messy along the way. We, let you probably a lot longer than Dave would this is not a good idea. This is this is this is not? This has got all kinds of problems with it. It's not spelled out very clearly. You got three people in the pot of this is not a very big business either to fifty thousand net of these numbers don't add up to where this would be even worth taken on all the headaches and the risk that we are very clearly against with partnership die. If you want to do this, I got on your own. Person who can do it now? You could do it on their own and have a lot more control, and I have to wait and hope and

with messy friendships. I mean that's the thing you might Kurt some of these friendships along the ways we all fight for power and control over the next few years. Yeah me the very control a beat it. It has to happen in these conversations, and that creates a weird deal either dude on your own? Either you buy it on your own of you

That much are you start something on your own, but this is a bad move. This isn't good financial. Even welcome to hang Pantagruel always pleasure. I want to thank our senior associated producer Kelly, Daniel, add our erstwhile legendary James Child and you America. Thank you for listening. This is your show. This is the Ramsay should have a friend or family member the needs of daily those Ramsay advised in their life. Let them know about the rams. You call the day podcast, it's a piece of advice about life and money in under ten minute check out the Ramsay call today, podcast wherever you listen about money, isn't the only then can we talk about around here? Get life. Changing advice on your career from my good friend and career expert can combine all my can com and show. According to a recent Gallup poll, nearly seventy percent of Americans are disengaged at work. If you dread going into work every Monday morning and you're just trying to make it to the weekend, it can Coleman show is for you, everyone has a sweet spot. You're sweet spot is at the intersection of your greatest talent in greatest passion. We will help you discover what it is you were born to do and then will help create a plan to make your dream job a reality. You matter and you have what it takes, joined the conversation on the can com and show hear more from the Ramsay network, including the current common shop, where ever you listen, the pod cash hey, it's Jane.

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