Live from headquarters, Ramsay Solutions, broadcasting, but all environmental studios. It's that day, rams regime that is down measures, gang and aid are laundered, has taken the place of the Bmw status. I m D Ramshorn your host to thank you for joining us America. Glad you're here, open poems, Tripoli, eight to five five, two to five years. Go when I first met God a great Bob Teacher was teach beginning to.

Meanwhile, on annoying about it should have and everything else. Reader proverb day, there's thirty one! I M saying: do the whole book proverbs in a month it's the book of wisdom. If you read it over and over again you'll get wiser. Not only will you gross virtually but you'll get wiser, not driven by read it. I mean grasp it understand it think about it: meditate, on whatever right, learn what the words mean and then apply them. Oddly enough if you read the book proverbs over and over again, you will have a masters degree in finance. It is all in their everything. You need to know Sawder that John We read a proverb today and I have for thirty years, probably something like that and interesting our seat different things. Go through the different phases of my life and I'm going through the exact same search, but I see different things to the same words depending on what's going on different when you get teenagers and when you got grandkids as an example and arm proverbs thirteenth today right

and diverse fourteen says, the teaching of the wise is a fountain of life, One may turn away the snares of death. The reward of wisdom and planning, in other words, is a fountain of life you think about the context, a money on their. She reap the benefits of prudence when an emergency conjure ready and you ve done. I've got an insurance implies got emergency VON oblation. You ve got a good defence in your financial plan that you know, because when the snares com, the problems, com, the traps com, you can avoid them. And I walked around any health insurance. Is the number one cause of bankruptcy walkin around that car insurance is the number one cause you lose in the car there's some basic stuff you gotta do

and so we would have had a foreign power emergency today. Without effect you with a window break your car will start yet. Doctors visits four hundred bucks, Sixty one percent of Americans say they could not answer the call for a four hundred dollar emergency at six out of ten and that's not poverty, people. That's everybody, not even four hundred dollars. Anything. You can do course make sure you covered with the right kind of insurance. Get your emergency fund implies baby step, get your one thousand, not emergency fund to get started with a beginner emergency fund. Now our team, Wanted to make sure that you figure out what coverages you ve got to these basic things are that gives you a defence against these Snares traps of life, and it's weird when

the proper insurance implies not a gimmick Easter, but the right stuff. You got your will and place it, you ve got your emergency fund When stuff comes at you it's, convenient nobody likes to lose, four thousand dollar battle with a heating and air furnish system right, nobody likes to write it. But it sure is different. When you got the money, then, when you just going to freak out loud shout we ve got a five minute coverage check up to that's completely free and just fine manage you- can get a customized recommendation for all the coverage innate text. The word chow, chapter, thirty, three, seven, eight, nine! That's the word check up to. Three seven, eight, nine or younger They Ramsay Dotcom Slice, check up and get this five minute check up as fast as you can. The deal was, if I don't find me

who be it build wealth only playing defence, but also don't find people build wealth on a playing offence. If you're gonna win, you have played defence and offence. A boxer keeps one fixed up in front of his face to block, while he does damage to the opponent with the other foot with the other fist. So you're always Blockin swinging blocking and swinging. So you ve got an offence and that that your defence up in front. Her face keeping you from getting your block knocked off when Barroso robots. We had we relocating bout I'll, not remember those things right, knock your block off my head, pop up when you hit it, that's what happens the right kind of insurance and places. What happens when you don't have your emergency fund implies so around. You don't have your will in place. You can block knocked off and then people go well. I was going good until now everything was not going go because you were not ready because stuff gonna happen from all sides

for a rainy day, because grandma's old enough to know that sometimes it rains so marvelled at all. He's going to reign, sometimes some is going to happen. You need that GM Kay Fund that God only knows, fund crap is coming you get ready. You need your emergency phone, you need. Your insurance implies. You gotta play defence, but that's all you ever do and then you don't use it your position to do some offensive strikes like investing. That's fine, but you invest and earn enough to be stupid. Can't out earn your stupidity. You will get your block knocked off and so you need a life insurance to take care of your family. If something happens to you, you obviously your car and your homeowners insurance obliged if these basic things dine bureau I'm a few other rending a place right now they have zero insurance on all your stuff. You did not get it. Enters policy Tom

go get one. I too uttered Turner fifty bucks in almost every body, every state Listening to me right now, you can cover the count. Twenty thousand hours were the contents for theft and fire little start up. I just got married apartment situation. You need contents, insurance. Come home and all your craps gone, because our or because some bozo kick the door in society will take our your stuff you're dish You get to start over you'll tell the story about how everything was going fine until I was away you weren't, a victim. You were stupid, you didn't have basic insurance implies your victims, own stupidity, I've done it. I've been a miles. Stupidity! I got a phd in the EU and beyond know what stupid looks like dairyman a mirror a lot, but you ve got to get ready for these things. You ve gotta. Take the time to stop, and do stuff like this five minute check up

and make sure that urine make sure you're in tune in Romania, you're ready and that you're ready for bad stuff to come, and then it's not fatal. When it comes but may actually fatal. That's the deal. So thanks thanks for joining us, that's the deal man! Oh my gosh. I make sure you're ready people get that get that block or up there and keep them off of you.

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like everyone else, american trade Relations, South Carolina, Hydro, welcome, Ramses data you better than I deserve. What's up, not much so if you re a little bit of background on what's goin on here about, maybe seven eight years ago. I took a few, and I was very short, basically ignored it. Then listen, you didn't do it ourselves to do. You have loved you

a boy but I did remember everything that I did learn in it. I never used so about years ago I got married and then you job them alive. Company. I gotta tablet. They really push. You know, some improvement. You had to read books for the company and stuff, and so I started then within the packet, radio shows himself like that, and I remembered demands he me go back. I'm So I was an, u privilege everyday. Wife and I have been trying to get on the same page with budgets and getting out of debt, and so we ve started doing you weren't they not one almost not a word about the start, baby steps too and were I know that you know you have a lower debtor raising come why the two, so we A couple of course One has outfit, in thousand dollars, Odin.

One is paper and we don't have a lot of with room and other areas so we're considering ass, we selling one or both of them and wondering what your opinion was on doing that to help knock out some of the debt snowball What is your own household income right at hundred go well, hundred five thousand and how much debt Well, then, the fifteen thousand dollar cardio have or your mortgage okay. So who are we about forty thousand I stood alone and do you, credit cards, really everything altogether, probably just under sixty thousand, where they would be just a handful of credit cards. A thousand under the two thousand and two thousand a year. You have not been made a fifty. Let me make one hundred and five right and you have

stop your for our one k, yet and you're, not leaving, I remind you, ve, started doing a written budget yet. Yet we just like literally, have started doing all this. Still gonna, take your entire planet, a vacation Actually does about her thumb My wife has never done your programme. The first she's heard of you really and getting right on your generous you're freaking cars, which are discussing so the first for we before we show our we cut up. Staff and lifestyle temporarily and we stop the a one Kay. And we get our written game plan to gather and we say: aren't: let's not how can you knock out fifty thousand dollars on that making a hundred may suggest those two numbers: a hundred and versus fifty ok, tells me you can do this in eighteen months, but sugar

I'm being generation united, we run run all over town. Like you been run, run all over town, I would rather ripped the off and get this done. This thing rush screw around whether for five years, and so my car shocking alone. Patient that's backwards, dude right here, saying: here's a dry everything you need to go back through financial patient, firstly, with her and then you also start making all these decisions correctly. Your cars, not your problem, the fact that you're not completely submitted and sold out to actually make this crap behave and you kind of just thought well that we can sort of address. This is the problem. The car is not the problem, if is the problem, we're doing Dave, hitch budgeting itch get out of debt ish and you got to go like whole hog, like UK,

Like your plan for the Superbowl, you gotta, you gonna, leave all on the field and that when you wanted the stuff and that stuff- before a one Kay the reference in the vacations and getting on a budget. The both of you agree to because both of you agree that the best way you're gonna have a great life five years from today's I've, no out no payments, but a house payment order beat like to have no- which browser payment. Shouldn't worry and ask your question after this I breathe area No payments, but a housemaid we so much money, then you can go vacation, gaudy right, but right now, you're interested doctors his tail financially in mathematically hold on I'm gonna, give you a financial patient. Firstly, both of you go

Class, it's also includes a one year: membership to financial piece, which gives you access to everything were doing every dollar, plus the budgeting tool connected to your bank. It gives the follow up class to financial piece. It gives you ve got up wonderful, live event coming up on. Money in marriage event with less Parrot and Rachel crews on February Fourteenth on Valentine's day, the streaming of that be available to the mantel piece members free all that stuff tons of stuff in here. I'm gonna give you the whole the whole enchilada baby food. The only thing I require is that you actually go: do it and change your life this time and some day when rich. You found some young couple, the struggling and you pay for them to go, but for the day it's my gift to you hold on Kelly. I pick up we'll get you going Brad as weathers bridge in New York, I Brad welcomed that I've Ramsay it is

Better than I deserve, what's up, so I'm about to gradually college in the spring, and I'm starting did different job offers from an importer that I was an internal bear, a man other firms from where I live, but I'm not sure what it comes to the contract. How to best negotiate bore benefits and salary just wanted gets me on that generally on every level job. If their hiring college students, there probably dont, have a lot of negotiating room there. Probably just a figure in Europe. Key to get a job and their right and benefits baggage. You're gonna be very fixed with rare exceptions. But you know the only thing you can do is two things. One is anytime, going into a negotiation there are.

Three things are: give you power patients, other options and information. If you know, for instance, what what? What is your field of study, what career failure you going into accounting? Good, ok, and you're coming out of what college. Nobody here got it. I shall go talk to the guidance counselor folks, and see if they have any other accounting people that implies, going out of there and what the average salary is coming out of your school going into the accounting. World and ambition, Google Research and find out what the average salary shall restarting I'm assuming you gotta masters and accounting next year, I'm going for a master's. I just finished my undergrad, but I'm in the program to stop at masters. It's one programme should answer you. Complete that before this job comes wrapper, while as any

thing, while you're in the new job so do job operate there. I've gotten want me The programme is completely on my next year. They want you to go and star unequal tax, Your nation is find out what people are paying for this position, improper to people in your situation and then don't take less than that which you can't unreal. Declared expect a lot more than that. That's information options. Are you got plenty people Chasteneth? I gave you more than one girl to go on a date with. If one I'm turned down and they Your power in the discussion and the last one is patience. Patience take your time

and work. This don't get all bothered about it. Make you time work through it, patients, options and information. You will win and negotiation is you'll, be the motion for this is that I am sure,

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live in the lobby of Ramsay solutions on the dead freeze, day, Jeff and Audrey, or whether a guy's, our yeah a day were great area of yellow gum. Or do you guys live? We live in, In Minnesota would use near Minneapolis several I welcome all the way to Nashville. Maybe touch warmer and just a little bit. I want where my short she said. Well, you don't want that on. You too well welcome man all the way down here to do that, breach scream how much will be paid off weeping. A hundred and fifty eight thousand six hundred and five dollars a hundred and fifty eight.

Six hundred and five, and how long did it take it just over three years so thirty, eight month good for you, thirty eight! and your range of income during that time? We start off, eighty seven thousand dead, Donald, eighty one thousand and then hundred thirty thousand last year's group. What do you do for a living where airlines have all shown Branco? Can you say? Do you fly for? I think so I Pfeiffer Skywest Airlines and I've lifer endeavour air over both the delta connection gadget, Ok, you don't know the noble. Not carriers exploit well done one hundred and fifty nine thousand dollars, and what kind of that, as all my sooner loans, all student loans, so you got aviation degree. Yes, I did bad there. There's a lot of you protect phone book. So how? Because we're married three early for years in June, ok right after you get married, you come home from the honeymoon you're looking at this

stood alone. That and you decide we're goin after it tell me the story yeah. I was a little bit before that So I took it was my last master of college classroom. Guy who'd actually did your plan and got out of debt, but one of the silence was Add up your network when I hear those actually like took into How all of my suit loans- and I had some from three different institutions, so at it all up, saw was late over a hundred. Fifty thousand hadn't here Oh crap moment, basely just started asking the word to pay it off for me and the engine failure rate and survey, We then we saw dating that fall in We gonna gauge, say, told him for an hour. Thus, when we like, he knew that I had some by. We didn't really talk ballot the full amount, such everywhere

think it was before she told you the whole Amerika. You put the ring on her finger, you gotta figure in your head and then find out later: two hundred sixty five. What you think, when you're putting ring on her finger was, I was, bring it was less, but it was as bad as much as I thought you you get you guessed pretty. I did she had given you adequate hands. She had a girl like that. That's better than being misled ran that's good, our right, and so we come home, and you know that Crap moments happen. We can move from the honeymoon than what happened so then, basically it well. He took a class from the same. Faster, and so he heard the story for and then we are, so in our marriage, prof class profess the same professor amen and shared Historic,

can bring this perverse yeah he's gonna campaigning professor damn a lot, and I actually took two of his classes lawyer. You destroy Diane me three times to get it through. My thick skull at this has to happen exactly the right around the time that we heard that talk for the third time right. At least I had started commuting to work, and I started listening to your podcast down. That's when I stopped using the credit cards encourage others to do the same, and she did that and then we planned for the wedding and then figured out that we could actually pay it off once we got married and about three years him, so you gotta game plan. You have got coming right in that yeah yeah. We actually pay the like off. I think he got a bonus like five thousand dollar bonus in the two weeks before we got married and- oh here we achieved a little there and he paid out early paid off one loan,

before we got married. All that was the treating yeah yeah two weeks before he had for the wedding, but yeah I was really just shocked, discuss I couldn't imagine you know. Just having that much debt you just feel like, almost and unworthy of really thing in just someone like only being able to love you and that wages you, while you're willing to actually do this with me, you're willing to pay it off your willing to you know, put your hard earned money towards that was really knew. Who is a keeper at that moment? I would have me all over before that thought very. Was this Roma yeah, but then the guy wants to wear shorts. This is the same guy. You in some you lose the same. Guy well done guys are very, very proud of it. What are you tell me?

the key to getting out of that was well one or two years is definitely being on the same page as your spouse, we're very plus that we were able to end our marriage being on the same page of the money we ve had our disagreements. We ve had enough little fights here and there, but we don't really know what it means to feel like our money is a threat to our marriage. So we just start off on the same page, which has been just such a great blessing for marriage. So being communication are sticking to the budget every one false often oh, we certainly did every once in a while, but you just get back up and get back on the wagon keep looking away at it. I got a couple buddies amount or pilots and about paduan, diving, scuba, diving, and there is a saying in scuba. Diving is you you plan the dog and the need to have the plan, and so in flight planning, their somewhat

or very concept you. You lay out your flight plan and then you dont deviate from that. Unless there is a serious reason, do that or obviously guys on the ground tat you have to? But it seems to me Europe's natural training are the natural result of your training would be you're used to laying out a plan in submitting to it that had to help you somewhat in this process. I think so definitely and also a little more of the nerd. So now it is being able to see those numbers and saying this is something that we can do in and also help to think Audrey get on board too and just give us hope that There we see a path forward that we can follow. I mean you, don't you don't really want a pilot is an artist you make us crap average again we want to have a system and that we stick to the system Red Yazzi he'll, get at drawing diagrams and making like charts that we can

you know, fill in along the way and lying just having smaller goals within use a one year we made the goal of paying off sixty thousand and we we came to under dollar shy of that goal, but Dell having you know we still paid off. You know fifty thousand eight, fifty fifty nine thousand. I advise the out. No wonder, that's called winning and re still want awesome. That's very well, congratulations, you guys were very, very proud of it The two of you and Professor Dan, who were the biggest cheerleaders definitely are parents in our family. They thought we were little crazy at first. Didn't really think that you know come well, that's good, for you were doing something. Friend, but once they saw that we were doing at once. We saw that we are paying off your sixty thousand dollars in one year. They were really press and they were really out of us. Are friends Senate's here.

That they're doing the baby sitting right now, huge supporters of ours and then awesome friends in grand fork still live there. The schmaltz is they ve been huge supporters of us there I plan to their low, but behind us, but sitting back and forth on wages. Pit office didn't want autonomy or we just take off her through loans, and you brought the babies. Sure. Well, yes, we were the shot and their names and ages. This is Margaret she's two and a half and this is called me- he is eleven months now- shall do the thirty eight months ago now that you ve also been busy? Oh look here. Well done any possible! Well done, you did a great job, our eyes, every and Andrzej from Minneapolis Minnesota, a hundred and fifty nine thousand dollars bite off in thirty eight months, Megan. Eighty seven, eighty one to one thirty counted down: let's era dead, three two one

where we ve got a copy of the everyday millionaires. Bookmark Resurgam number one best seller, that's the next chapter, Dorothy, you guys are heroes, keep it up. Is the very rapidly shell,

Jack, Witherspoon, Idaho logic of world under the diagram, Felicia hello. How are you better than I deserve what's up the question I got out alone: credit union aid for thirteen thousand We got a lower interest rates on credit union, be I want Credit union be sent the check into the first credit union. I went close the accounts, they re open the account and made a deposit, and they sent a letter to our home, saying that it was for gap insurance. So my wife went in clothes, how withdrew the money

They just call back and said that that the parliament made an error so we have to pay it back where they're gonna send its two collection, if we don't start pain it back to them? I know that morally, I have because of my relationship with the Lord. I have moral obligation to pay it back, but I asked her why they open by they re open the account in the first place that common practice as far as Europe, standing because then we didn't find anything that says it get reopen it, and I asked for a policy that they can email me or send me a policy that states that they could and she didn't know, and she said she had been working over eighteen years, So I'm not sure where that stand legally, if they have learned, to do that. I'm just gonna, it's gonna frustrating got caught off guard. I barely started listening for the party ass the day roundly showing the thing out of

guard. So I'm over you hadn't gathered insurance. Why do you? Why are you not do a refund for the gap? Insurance. They just they said to the letter to my wife. My own financial understanding is very limited, I'm just like it scared of one, my life back about money and all that, but I think the two of you should take a man How much money is involved here what we all what they deposited with some like six hundred a few dollars now come such worth. The trouble to a understand more happy. Here and be argue about it. Ok, So can they re open the account I, No, I'm not a lawyer. They probably can probably therein We cannot allow them to do that and by the way

if you people gripe about someone opening an account and giving them money, which is what happened here, except that now they want it back right. So thing we want is, I want to understand. You and your wife need to understand and go sit down with the manager at the credit union. You don't you be calm and just go, help me understand, you need you ever ever, Bob Geisha, the show me what happened here you gap insurances, Jacob now ok gap insurance. Insurance on the car. That pays the difference in the value of car and the loan because, typically oh more on the car, then its worth- and so you the thirteen thousand dollar alone. Let's say the car was worth an example ten thousand dollars, but a thirteen thousand alone

Your car insurance would only pay ten thousand dollars because the car is only worth ten thousand. If it got totalled gap, insurance would pay the other three thousand. And lenders generally require, that you take gap insurance to protect. They are, if you, if you're upside down, and if you owe more on the car, that's worth it covers the difference. You understand me: ok, so covers that gap. The gap between what you owe him, whether it is worth not what happened. Was you closed out your gap, insurance early. You had bought a mouse. You bought a policy for the life of the loan, but the law we ended early because you refinanced, and so you were, do a refund on your gap, insurance what I don't understand is where the rest of the money went. If it wasn't, six hundred eighty eight dollars is a refund on the gap insurance. What was it where's words

refund for my gap insurance? maybe one six. Eighty eight! Maybe it was you know the matter. What I do I don't know what they gave young. I wonder now by calculated the six eighty eight and where are they? this mistake now. If you pre paid the gap insurance for the entire policy, you would be do a refund. If you were paying monthly, you would not be do a refund and you don't know so you go in there and learn why it is that you aren't. Do this refund, I'm kind of you're. My baby, I don't know right, they need, Explain to you why, where your gap insurance refund went since they don't want you to keep it once you understand that, then then you can work out some kind of a programme with them to repay it because, as you said morally and for that matter, legally, if they

if you money you weren't do you're gonna have to give it back, but to understand how this mistake. Made and what the mistake is based on an where did my guy insurance refund, go you're saying I don't get to keep it you follow me here. We're very calm. Conversation went out with caution and people are young people or something like that. You should down the branch manager. Goin did you Six on lady, a box, you got explained the paper trail to me and my wife to where we both understand it and then once we standard. If it's the same conclusion then we will work out a deal as a matter. Exercise grew this up. They ought to eat some of it morally, but they probably one third Grady, try but try and go go understand if you actually o the six. Eighty eight much of it. Can you pay me? Can you pay through a month for couple?

what should be done with it probably they are ended. A hundred were yeah? Would you weird not doing so? Well, financial, that money go when you got it. We were, and with money and fully public spending I'll be either buy stuff dead, how go, get settled, nobody was back in November and the people He reached out to us on a couple weeks ago augur. Well, you understand the programme in Europe. You and your wife forgot, shut down in an person with the branch, Jim and they need to explain all others to you to where you grasp it. Wants you grass then you will know how to put together a payment plan and give them their money back in the meantime, this also outlines for you how important it is that you guys get your financial stuff moving, because six hundred bucks should not be a crisis for you agreed.

Ok. So are you guys on some kind of a programmer you're starting to work? Our stuff. Now you, I just been listening to your passion. I heard you say something over them. You have to get so the man in the mirror and at what I did. I decided to ban the Lord for dinner, a bad steward and dumb I just started thinking about my kids in a future, and so I want to get it in order, so good to around right now I'll, send you a copy of our book. The total money make over which we shall millions of people become goods. George starting and it's got money gods way for gods glory, I'll show you not only how to get our budget get out of bed and down the every dollar app. It's free, it'll, help you get things going to hold on Kelly a pick up and we'll get you signed up for that Speaking of the every dollar up, it is the new number one new monthly habit there

Allow you to crush your financial girls. Getting on a budget budgeting seven million people are using the every dollar out. That's what I mean if you're, not one a mere missing out. It is the world's best budgeting. App asked why we, every dollar gets a name. It takes ten to fifteen minutes, lay out your first budget easy to lay out. But then you gotta live it. It's free to use and there's no excuses so check it out. Budgeting is the one new habit you need to take up this year if you're gonna make you. If you ever get away when money you ve gotta, make it behave, no one accidentally wins the super bowl. Winning, is an intentional act as a matter of fact it's a series of unintentional LAX and winning with money is no exception, every dollar budget, baby check it out every dollar dot com thanks

childs, our producer Caledonia Associate producer phones, greener. I'm diagram, Senor Ocean, we'll be back before you know. This is James Giles producer, update re, emphasise once again that you may be ready, so one of the top five most downloaded party last geared to get your daily dose of motivation and inspiration strike

Looking for fun and practical ways to save money in your everyday life, you need to check out the Rachel crucial podcast from money, expert, Maidan, Rachel, crews, guys it's rates are created and I'm so excited to tell you about an ipod. Has a lot of you, darling paychecks pay check their end ass. You don't even know where to begin that they have this need. This wants to get is control of their money and is that you have come to the right spot. So each episode jeering at a time of inspiration and practical advice, if not subscribe to the rates of crucial podcast, makes region today nor more from the Ramsay network, including the Rachel Crucial wherever you listened Abad, gush, hey, it's just Producer of the Dave Ramsay show this