From the headquarters of Ramsay Solutions, broadcasting from a dollar car rental studios? It's that day, Ramsay Show or DOM casual king in paid off home mortgage has taken the place of the Bmw status, symbol of George Michael O today on the day, Ramsay showrooms your personality, Chris spoken author of two number, one by selling books, the latest being every day millionaires the phone number triple light, eight to five five, two to five: that's AAA eight to five five too,

two five David is whether to start off the shower in South Carolina High David. How are you Dave. I have a question for you, but I've never heard you guys touch on the form one. You get your thoughts on. Tell me my wife, we're on baby steps, seven hundred kids, currently inward looking to do faster to adopt one of our heart needed. The treaty is a normal kid. So how do we knowledge, not knowing whether we're gonna get a kid when their sick or sixty. That widely in Bulgaria them back then what he has had to be planned for that very nice, don't know the rules you know, as I look at this David and you guys are starting to think and plan ahead, you right is the unknown of the age and stage which they may come to you, but I want,

Keep in mind. You know you have many ways that you can start to save money. You might look at just establishing a gross dot mutual VON, that's out, retirement for you to be able to save toward again that might go towards torch College. I could go to a wedding or home downpayment. It gives you options without it being an appeal. May make being you in your wife's name, but you ve got a lot of options as you sit down and you start to look at that. Baby steps seven, and so you should have some money and It just go stay in your name. You don't have to have a quota, unquote college One and the kids name. In this situation. You know you got plenty of time If, as a sixteen year old, you don't have a lot of between now and the town they go to college, but you ve got the money to take care of this you just what which merely moving it into their name right. The tens is. I decided to stay home battle, color incomes who may not be able to cash flow it likely to want

that's why they won't matter. What are you murdered in his name or your name at that point down so that you know just pile up cash in name it wealth in your name on versus saying, and then you ve got the option of do whatever you want to do with it, and you know, as you as, as God censure the appropriate child that you're supposed to take care of him which is awesome, then then you'll know exactly what you ve gotta do in lay your planning, but you'll be fine. You aren't you ve got plenty of room here in this good, John, oh, it is grown. Tanner is an high ten, or how are you good areas that are there deserve. What's up so we. My wife and I are learning to start staying for a down payment. Our house good and I know I know that

raw fiery, pals unimpressive, oh good rate of return, very good rate of return trip generally, and also, I believe that from what I understand that you can take money out of Iraq. Roth IRA shoe if you're bi, if you're, using their money to buy your first home. You can take money out of Iraq, fiery with no penalty and no taxes. So yes, wanna get your thoughts on that. What you recommend and why

start where the rather array does not have a rate of return. What you invest the Raphael IRA into has a rate of return and what we recommend you put your rather diary imaging good mutual funds, so you could use good, grow stock type, mutual funds. If you wanted to to save money for your house, not sure I would recommend that lets you got five years or longer, but if you're going to you could do that and not mess up. Your Roth Europe needs to be used for retirement, not for housing. The ten or what got a dead you all have right. Now we ve got the me that we have. The student movement has about a thousand thousand dollars left on we're gonna pay it off here in the next good for him, job the outer. You got twenty six, what your household income about sixty thousand a good for you downtown.

Yeah ten. I will tell you this body right that check pay off, that that that thousand dollar stood alone. That and what should a build up of fully funded emergency plan. Three to six months of expenses are saving n. In baby step three be. It starts Haven for the house. Gonna tell you to liquidate, I really I'm not gonna, wouldn't use, I Roth as a savings vehicle now you're, not at all answer. Why should I want you to meet your phones, s, ok, but that risk with that money. It is not our recommended thing, but but a definite would not I don't. I don't mess with retirement funds for there to be used for retirement. I wouldn't call your with that. I really would either and you guys only own a thousand dollars and the students that is about to be gone. Git, your three to six month in place. You guys save up cash for this home down payment. You can do this without touching the Roth, x in Ohio, Hey MIKE welcomed that over Amnesia data better than on reserve. How can we help offers? Bothering me out it's a pleasure sure

I am midway through even start to fifteen laughed. And curly head cars, which are clearly car you're about six thousand on the other fleece, my truck or about another year spot. It does its head point for fifteen hundred dollars and it's worth seven thousand schools. Do I sell the sea? However, I also think we keep her. Do I keep it for one. I talking blown struggle What's your household income about sixty and show you make seven grand right or six ram yeah after

sure, in taxes in anything, come out it's more like for a month now I mean for non talking about Europe and the profit on the ship. Oh yeah, I can make exactly enough to pay off my chief pretty much in it are really nice Vienna. It's like a steel I don't think I'll be able to find another thousand. Might let me, as your question, who drives this Vienna I will drive this year knows my wife makes on him, sir, but this year, the right now? No, it is actually just sitting in my driveway I bought it. Why do you have it? He bonnet profligate borrowed idea with I'll get out of it. A deal yeah. Regarding my mind, what's a truck worth

nineteen bad dreams. Now it's gonna be turned down at the other, less willing to die out, and then you get about something else. I'm not goin flip it finally, another cardiology here they offer Geek yep, let's go tolerate. There are seven towards Carver year once you ve gotten your mom we are aware, make money, that's a good move. You didn't get thing there now. It is a good deal. Job like this, I ran Felicia, Thank you know where I stand on time shares by now. No, they are not. Investments, no do not buy one. If you're in the unfair.

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thanks for joining us from our grandchildren. Ramsay personality is my co host here on the air day on the day. Ramsay show tax day is approaching fast. Yes, they moved to July. Fifteenth. That's only couple weeks would way in. These attacks extension, of course I would give you two October fifteenth That's only if you really needed, because it does not extend the fact that you owe money and you will still be penalised and charged interest. You do not pay on crime, even if you dont file on time so better off together, taxes done.

The complicated and need some help, we recommend any one of our endorse. Local providers for tax, perfect professional help for professional help, overtax local providers, the indoors local provided will help you with that I'll get it done, and it Absolutely work? I use April, national. I would never poem Teeth and I dont remote access, it's a shepherd. Gotta, Ramsay, DOT, com, life II, L, p and click on tax service and by the way, their position. No. But you know what use not endorse local provider, which I do they made everything nice and smooth, I'm very grateful for them. JANET is where JANET is in Florida hygiene and how are you gave my daughter told me to call you bet. You helped her self. I had a daughter and her son my daughter, very financially

comfortable my son legs Bill either new thirty. A thousand a year and he's about ready to by his own house is not married. So I told him that You know I would give him in seventeen ninety thousand dollars in cash to help him get this house I have for social security, a decent social security. I have a pension. Salad comes out those fifty five. Hundred a month I have of, I am sure, the by their money in stock and money market. Five hundred thousand, in the air. So I thought this would now be a big deal to give him. This Atwood he'll be Did you think Hurricane chest early though my I do worry. You know

one day. You know that might happen to social security pension. I have a state Florida pension also think well guys I have my pension and social security and gold email ice United well I'm in my late sixties. Anything could and I dont have long term care and long term health care by then I e learning pretty good help right now, a german or do the same thing for your daughter, resist For your son, it might just for my ok it's the only the stipulation in my well. Whatever money need and that I give him would be deducted from go where feeling- or you feel good about this idea. Are you nervous about the idea? given your son, this money.

Do. You know what my health always in a calm kid, I'm Oviedo, just smile and he took care of all the financial scope. So when they come The financial stop, I'm very Mirabelle making decisions at first a big deal, but now I'm a little nervous I am sure advisors. Are you certain about that's? You know. This is one of your money. You know if anything happened, my canongate, which she says. You know why we can see in the future. Now she gonna, clarity warehouse with those who take a mortgage give a teacher in cash, If you give him neither need by tonight, there's not a house, I ve had some money to pay for the rescue. Bad mocha should but he's not and a big issue is unwise, ran money near here, I will go with his money- has not given a drunk a drink with tat. You are not giving a drunk a drink.

You're, not protect. Adding a he's like when you he's like a new approach. You know well, yeah, I don't know, I don't mean literally drinker I mean it ran right, behaving with family through efficient But having said that, let me ask you this one more question, then days about to render a verdict: outfielder rambler filled the rumbling must Spirit but JANET did your idea to give your son the money, or was it your sons, idea that you give him the money teen around It was my life. My mother gave me money from you know: from my dream, how'd you I. I had a reed had a house, and this is a better house But you know how you like he's forty five in a single year and how much money is received.

He has, he said he had aroused after she pays for this. You have allowed thirty thousand God, I don't see any problem, I would do it if I were. You because you're not yeah you're, not assisting him in misbehaving, which is what I was meaning earlier and and and it's not gonna put you in a position that year without food or that you're gonna have not got damage here wealth to the degree- and I like the adjustment in the will show that he gets a little less than, and you know it's rewarding he's been very wise with his with his income, which is in a lot in order to get to the spot. So I like it, I think, you're doing a wise thing. I think ninety is the limit and it is a fifth, so is low, but nerve racking. It's good that you had to think through it and talk through that smart

That means you're not being drug around by your emotions, you're, just your being wise, you're Tellin, you shaking council in thinking about it, you're doing that. If I will, up in your shoes. I answer questions here. I would do this now. You do need to see your tax person because you can. I why more than fifteen thousand dollars in a year or two visual, unless there are charity without getting into give tax, but state a small enough that you can find one piece of paper called a unified state tax credit and you will use up some of your federal state which won't be a problem, attacks tax exemptions.

Are you in good shape? Their you're not gonna, run a new problems, but you need to Father Peach paper, Turkey from gettin hammered with give tax. So, but you I would do that shares your tax parson. Make sure you do that. Taxes are remember that phrase, unified state tax, credit and that's what you're gonna use and not keep you ve revenue paying give tax, but I would go forward with it. I think it's everything sounds healthy and my guess is the daughter probably is ok with it. Is the man sister? What right you know Dave would not talk what I hear things like that you hit on it? You don't want to enable someone does misbehaving so that that's that's obvious, but then at the same time being clear in what she one and she's, obviously region out to try to get some wise counsel, but I'm in some sectors. Good communication between her daughter, the YAP financial counselor them right error by this involved. An end so

When you ve got everybody on the same page, thirty nine does. In hiding behind something in it. Just this what it is and here's hunger handling and by the way, my money frankly We want to do with it and done leave her in a worse than of her, an approach, then in our she's gonna be fine. There that's good shape. The Ulster rose Open follows a triple eight eight to five. Five too, five. We do recommend long term care insurance for people that are over sixty years old, in her case that mistake that she has may get used up for that, and that would be fine right. I probably would self ensure in her case through it, If you want to pick up a long term care insurance policies have something else to think about. Keep from that mistake from being cry: and scrambled and its role in the event of a prolonged nursing homes, dire

does the Dave Ramsey Show, in the lobby, Ramsay solutions on the debt, reach stage, Cresson Stephanie or whether safeguards our yeah there's has Dick ray you guys. Where do you live level? Kentucky welcome the Tennessee. Thank you

honoured to have you here in our offices, think how much data we have paid off thirty, one thousand dollars very cool and how long this take twenty four months.

Good in your range of income. During that time we started off at a hundred and six thousand and ended up about a hundred and forty five thousand nice jump in two years. Thank you. Thank you. We, it was part of. It was a promotion, as some of it was also just side HAWK puzzle Stephanie in our daughter, Ella here just baby saddened and just just crushed awesome guess what kind of debt was the thirty one thousand? Well, we had a car, we had credit card debt and a little medical that what would you do for a living I'm in supply chain, I'm a manager of a procurement team and pre school teacher? Oh, very cool, very cool. So what happened? What caused this to happen so in the family, I'm the one who does the numbers in the finance and pay the bills, and I was looking at things and in and I just our position was untenable- that we were going down a path and like this,

this. Isn't gonna get us where we want to go. I knew what we had to do: a new listening to you and Chris, what we needed to do to get there, the child and staff needed to, but the challenges getting her on the same page because she wants to give to the kids so much so I knew if I get the kids on board, I could get her on board. So I ain't reverse tax will result after a lot of prayerful consideration and in that that's what came to me in Chris mentions hide mission during so when we started the conversation I said dumb, you know. After we do this, we can celebrate and the kids the kids go. Can we go on a trip up, sunk sure? Where do you want to go? when they said allay. So that became our micro. Any thing we did was: will it get us closer to I like TAT, and I could

the funny story. I want to say I I had to get some dental work done. I had to get a route canal and we were in the Dallas Office in Hagen was with me, and I was paying the bill with our flexible spending, not a credit card and paintings. Does is this necessary? Is this gonna get us to allay their like mom? Can't you just walk around with Ruggedo at my mom. I promise it's ok. It was often because they are already like watching what I love Let us then they closed down I. Why did you get out there before they closed it out we're doing next year? Now Can somebody their goods the two of you who's, the spender. Well, probably yeah, but we know it mom thing. It is so hard to say no, but looking back now, it's a good thing to say

give them everything they have to learn like she's thirteen and, like Chris said she's been baby sitting with me: knives weekends. She gave up a lot of powers and in hand of that money over to get title. I thought that's a lot for a kid to deal savvy rush of it ass that that's that's! That's a good stuff! You guys it's beautiful. I love it very cool our right. So when people ask that you paid off thirty one thousand dollars, they say how'd, you do that. You tell my keys to getting out of debt or, I think definitely, communication number one between the two of us and to the budget.

But it s key. The every dollar apis been tasked it let it out. I think that some that's gotta have a reason to do it. Yet I exactly exactly in in the way we couched it with the kids. Is you hear no, but think of it is not right now, because after we hit these financial goals, things open up and that's, I think they ve really be into it. I saw that sir and like no one also later, you can live and give like no more than a mere lately and it's amazing the seed were planning today and how it's going to change their family tree, their kids, their grandkids on out into the future. So that's that's just dumb! It's it's amazing! Well, you give him a fantastic life. Lessons sacrifices required apps right I mean you, don't just come to mom and dad to get money now now you're gonna work hard, and so I'm I'm proud of you all for teaching them right in here embassy. What happens, especially when team work happens, s between

my dad that that's cool, that's precious, that's fantastic and I'm proud of you all workers really unified as a family toward a gold? Yes right and that that span and that's up forget. So when you go to allay here's, what I want you to do what you did the photo you got ascended into a want to see you all in any way. As a unit level, it really is very cool very well you guys very well. Now we ve got a copy, where's. Your biggest share later, I forgot to ask outside of outside your family outs, where account tat. Our family me, we have some friends that, and this goes back to light. How did you do it? It's so hard? it again for me to say no and friends right, let's go on a trip and were like now: let's go out eight now, let's we hated being the no people by our friend stuck with us and they understood in, but I think

As for really and are they would sit in a new budget meetings with us and look at the number yeah yeah we were very transparent. We opened the book. So this is what common indices what's goin out. This is where things stand itself. This is how we got here. We too damn staff so well, not only what will the math making a hundred and two hundred and fifty thousand year, basically for the rest, your life or more Not only will the math cause you to be able to change your family tree, but the lessons that this last twenty four months with these two forget it. I mean Dayton, some some old girl out there twenty years all these thinkin about get married or twenty five years old in the union,

ground ago. She gonna be smart when money can't keep himself from doing it. After that, and you know, Stephanie is not Romero gobble work, casinos, how to work out. So that's a good thank you set up. We ve set em up man. It's a beautiful, very, very well that not Stephanie Ellen doubling the Mayan I've got a nice Stephanie doesn't work to our nose out of work. I'm good good job. You guys very well down. Thank you hurry. Why we're gonna copy aggressors book you everyday millionaires. That's definitely the next chapter in your story, anomaly horizontally, that pick from ally when you get out of their president, Chris Stephanie Hagen Ella from livable Kentucky thirty one thousand paid off in twenty four months, most unified whole Emily upstream in along very well done counted down. Let's hear a debt screw three to wife

words. Absolute ways very world fabulous, You know the Yom, that's the kind of weird stuff that we with our change and you ve done with your s is, They all work thing, and these saving in giving in May we opened up our and showed Winchell every little detail like that, because we were already the tomorrow Virginia Gerardi in the wealth area, and we want them to their minds to be fried word, but but we did did like here's, what the electric electricity for that. Carson and look at the bill on the money right, that's why you internal like rise you,

The reason for that right is not accidental thing rise right, absolutely cause and effect gas. Yet it when you do stupid, you caused very they have to spend more than I should know but they have low level also Decker shut their eyes and when they came when only youngsters our got involved in that household budget. I saw the whole thing, though, that they had the benefit of scene apparently there that they were coming Wheatley body and that so powerful absolute wherefore. Ella, though as a young lady, whose baby sitting with her mom to turn over money towards the meanest. Just that's that's team now answer. I love that stuff proteome well Banbury around this.

Is the diver show

our structure that I Romans twelve twelve love one another with brotherly affection, outdo one another in showing honour volume, Arthur Ward said, the mediocre teacher tells the good teacher explains the superior teacher demonstrates the great teacher inspires. While I was a good one. That is a good one. That's wall worthy right there, so good stuff excellent, excellent, excellent, John, is worthless in Texas, shrine John welcome to the driver legally I'm having trouble hearing you John Yes, sir, that's a little better bout, but thank you for taking my call sure. How can we help

so I am new to hear your show a little bit about me. I'm twenty years old, my wife is too. We have a nine month old. I am student working on my daughter degree and a heavy and nine month old daughter? so I have about three hundred thousand in student loans. Forty thousand, personal, once twenty six thousand and credit card there? you're working on what kind of a degree a doctor degree in what organizational leadership with a focus on healthcare administration. With applause. Do what What then five to ten years hopefully be met don't give leadership position vice president seal overseer? Why do you need a ph d to do that. It's a lot more lenient

HU, the Elk Administration science like and get a better aspect of of that room. Ok about seventeen thousand remaining on my suv, my wife and I together have about a hundred and sixteen thousand remaining are mortgage. Right now we bring home a tolerable about fifty seven thousand together after taxes. And so last year parents advised me to go file for chapter seven bankruptcy, so I went to an attorney retained with her since August last year, however, she's requested that we can assist and are we cannot push back the bankruptcy until later this year, like December early next year, because she wants to see

the elections turn out and see, if maybe what the New party coming in if she can bankrupt or file chapter seven, almost at once. I am sceptical about that The only otherwise have been given to this point. So I guess Michael Do you guys are efficient? What are you found bankruptcy? Are you still longer bankrupt boy, you're, mortgages and bank rely to keep the house raise our bankruptcy or the? did you know the forty thousand and personal alone and twenty six thousand and credit card debt? So my question both? Should I continue this path to do their SAM. Should I do it sooner or should I use all chapter seven and then follow through with a different set of resources are steps to getting. When do you graduate in about two and a half years and you're? Not you're, not working, but your wife is. We both I'm working. I worked for time as well as well as being a full time student ownership, but

household income is fifty seventh. Yes, I bring. About thirty, eight after taxes and she brings home nineteen after tax within your your undergrad, ASEAN and you're underage, and want. My undergraduate is chemistry, chemistry and respiratory respiratory care, some arrest retorted? Are you paying for this Phd for the next two and a half years, so, unfortunately, the takeover student, mom and pop What I already also at. Let me know if you, if you found bankruptcy or not, do and that are you paying for the Bio you pay for your phd I've I've filed here. I know I got out, but if you ve got bankruptcy, you're, not getting a student, I was not aware that a meal, so I

I'm trying to figure out. Where start John, you you right now, my friend, do you feel the weight of this right, by that I do do you really could she said you just recently found us and so What's your hearing as the wheels turning his reprocess because you ve been sold us dream. If you think bankruptcies gonna fix it. Ok, because it costs money and you ve already had this authority on retainer tell me we're gonna wait for the election to find it who's gonna me stupid, or not been corruptible cables. Going anywhere. And so I want you to restore, to look at this and feel it and not look for the quick fix, but look for the fix Here's the problem, certainly why why I'm trying to find the resources, because that, mainly so sceptical

when she said that the eye he was China pertinent just on a pistol back in and thoughts. While I wanted to find other resources out there and around you guys, that's more of yeah I appreciate this, so I gotta figure out a way to get you guys to get your income moving sooner than two and a half years from now, and that's what's that's. What my hold up here is because I'm not trying to the thing is the debt is always not the problem at source, the symptom of what's going on, and one include I lost everything went bankrupt thirty years ago, so I know how scared you guys are, and this is a huge pile up on you guys, and so you have bet the you bet. A farm

this phd. Turning into serious Inga did I mean with three hundred thousand hours plus continuing deposit up, so I'm probably gonna start talking to healthcare companies now about working there and letting them finnish pay to help you finish the as there continuing Ed programme pay to help. You finish your phd and you go out and get a career track started now of a thirty eight thousand dollar job you ve gotta chemistry, degree. You ve got the intellect to step into this. You ve got a lot of the training to step into this and let's accelerate the Phd completion and let some else, pay for that, get that all of you and then your income up to begin to address the three hundred while you're doing that you rush, the other stuff you can files but if you want to and clean it up, up some of that stuff, but but you ve got to eat in good conscience can't continue borrowing if you're not gonna, pay other people you owe from

well standpoint and you ve got to stop an address that as well in this Can I can recommend you that you not pay someone in bankruptcy and while you're, on the other hand, borrowing money on other out of the other side of your mouth right and so that that system, consistent from an integrity standpoint. For me, so am I gonna put aside. To the bleeding meaning, we gotta have a way to complete this phd without any more bad, and that that It is a from having any more debt and be it gives us. The leeway to say Ok, can we fight through these other types of debt or are they do they need? The bank right you got, under an amazing amount stress- and I tell what Dave what I'd like to do- Kelly get his information. I want him, get get him connected with one of our,

Andrew coaches, Gaza got ass, my waterways, you sit down and unpack and what this will pay for it yeah and a more that first says that unsteady found bankruptcy, legitimacy down. Man, that's a good idea, absolutely because we gotta, now Dave what this doctored programme. This could be the kind that you gotta go to school. For three years and then spend two years right, near doctoral deserting the historic have completed and now well, but that that the thing is. You're. So far into this, I can't pull you back, but the bet that have made is untenable. Three hundred thousand dollar bad on the Phd causing you to have a degree in executive health care is there's an untenable bat. Is it reasonable thing to get a phd sure sure you ve done it in an such an unreasonable way in which you, under the all the stress, I'm so sorry. I know you're scared What we can do is work with you and what does pay for don't fall bankruptcy. Let's see

can help you get this turn you're gonna have to Europe to attack this from multiple France, not merely getting rid of the credit card? There the personal loungers. Getting here that the east got all the other measures and it is getting worse. If you dont make that better. And that's just such what scares me here for your brother You hang on killer pick up and will pay for your counselling will help you get some help we'll get you some help Chris Good job like this. How too good to be with their contribution. Puts us. Our that I ran to show in the books will be back with you before you know it in the meantime. Remember, there's ultimately only one way to financial fees and that's the walk daily with the prince of peace. Hey it's Kelly associate producer. Unfortunately, for the day, Ramses Shit, if you would like to do your danbury screen, live on the show, make sure you visit, Dave, Ramsay, DOT, com, slash, show and register. We would love for you to come to national today. Your story,

money? Isn't the only thing 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, can com and 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 we'll help create a plan to make your dream job a reality. You matter and you have what it takes, join the conversation on the can com and show their more from the Ramsay network, including the current common shop, where ever you listen the pod cash hates me, The producer of the Dave Ramsay show this.