From the headwaters of worms, solutions dollar studios debts that day Rams Asia is down casual gaming and paid for it has taken the voice of the Bmw, startup programs, you your home. This is your show. America, thank you for joining us. Open phones AAA eight to five five, two to five. That's AAA, two, five five to two via the you jump and we'll talk about your life in your money. Megan starts off this hour in Minneapolis High Mega. Welcome that I've Ramsay show

I'm so excited to talk to you today. You two: are you better than I deserve? How can I know I'll tell you what it is by saying I M tradition, baby set number two this month and I couldn't be more thrilled, but I feel I have a bit of a different question for you today. So in order, first, be able to get to where we are. What the hang out outbreak that my husband club, This family moved into our how about six months ago I'm occur. We here, our expenses in the home. My question is I've been a minimum of the five year plan for us, but what he thought a move out I feel. Are I believe that if they are they being and thereby repaying half our principal mortgage? How could you go about infant advising them? They're gonna live with you for five years.

We all want to knock your already reassessing live like no one else, but we can live what no one else while I have to say out loud. I couldn't do that, but if you want to know, if you want to add your choice really have a precedent for, What would be fair to someone living in your house for five years and sharing your expenses there, a deal, are they not only like half rent what they would pay somewhere else right right, Ok and they knew when they move down that English. They will know when they move down. It was your house right now that they need to be incentive out with half of your principle there just pay any rent I don't mention a browser renter that moves into a rental house giving them out kick back for the principal their prey on off goes up and off the principle. I am amusing, their money to do it.

But the income of the Royal house, but this income they move because they lowered their expenses. Overall, you Don't worry, I'm cause. It lowers your expenses overall want but just happens to be your house. So now I don't. I don't think that's, MRS area, again, I it's hard for me to kick grab my brain on it, because it is not something I wouldn't do, but but but Emma Jane, it's bad. Do it. I'm just saying I would do it The. I'm not even sure I, like my dog living in the house. What may, but my gosh enough bob, I'm getting not much now that now I would not incentivize. I wouldn't do that, but You want to it's. Ok, but you're, asking my opinion and I think there their deal by reduced expenses Camille is in Atlanta high Camille welcome, but that I ran show

I base are better than I deserve. What's up My student loans will my privacy remembered about right now and they offer new settlement at forty one forty eight thousand would not what I have. We feel like a good number to get them back is about twenty thousand work on getting the pointed out, and I still have that go. My question to you is my man I was among. The Romans were looking to part of my home next year as the Winkie blowing up here and I make about ninety cave or house. I have a lot of money I paid out amongst them. I bet Beaumont best other alone, and so my question is is a part of the home of her. If you think about that idea to go into parts of his home with ideas of paying it. No one policeman. Now. It is not a good idea, purchase a home with a roommate, absolutely not what no I'm acts

because everything that can go wrong, will we call them these your forming a partnership de force default drug use, disinterest, disability, death things occur, the other one of you is screwed, because you're you're attached at the he with handcuffs called a whole mortgage and theirs? easy way to get out of that. Very very bad idea to buy a house with somebody you're not married to so now, I would not recommend that an you'd only to biology anyway, you got the stood. You gotta clean up am I gonna get the pony, gay or forty eight Why would you buy a house of your two broke the clean up here too Michael worsening, the half a million five years belly up and then with the would be clear that it money. Now I mean that's, that's gonna, be in a house when you're broke shall now, let's lust,

the things in the right order? The right order is, we need to clear up our that's build an emergency fund than save a down payment. You might not I was not a year. You can afford a house when you ve got your debts cleared and so what the balance on this private stood alone, the total bound. So they say you our total, not what are often low at the money, because I'm envy forgive me the M, the interest rate program or whatever and even collection, but anyway, I'm ninety six thousand and their own well settled out for forty eight in relation to the dollar. That often lie more tat. No man, it's a private stood alone- is not a federal in church, didn't like it either Maybe another battle about the same amount, but am I haven't gotten amounts figuring out what the best? Why are you have another ninety thousand and stood alone that that's five hundred were by this time? The thousand in addition to the private right, is your degree a reality.

Sociology enrichment, two hundred grand it out the interest in everything and a year's work graduate school. Yet while why no losers you're making ninety so that that's just gonna, take your wild clean! This up, you need rent as cheaply, you can possibly ran, get only arise, rice and beans an hour. My one of my very first goals: how much do you own your car, eighty eight thousand, I'm gonna, be paying off in an exit man. Ok, I want the list, all of your, that smaller two largest payment among payments on everything, but the little one attack the little one when you get to five thousand dollar number on that debt snowball. You save up twenty five thousand and you offer it to the private student loans, everything clear them: you're, not. Several months on the federal, the federal if a man should not settle, they will win

some late fees, from times the waves, some interest and other miscellaneous collections charges, but but they will not waive the principle because its fair, ensured the federal government is going to give them the principle of you don't so they do. Sat alone that part but yeah, you need to clean up last year. Ways to go here when you made a pretty good sized mass and so get car paid off was work through the private student loans were the thoroughly insured student loans- and this can take- you Villiers read something is cheapest possible. You definite! do not need to buy a new for sure Donnie D by with a partner with a roommate danger: danger: danger, don't do it

you're out of their funding or not. This is the diver amnesia.

It's the season of giving switcher salutary service to pure talk, USA, save money and get a free copy of my book. The total money make over and a copy of Chris Organs book everyday millionaires. Folks all appear talk. Usa plans include unlimited talk, text and data with no contract. Try risk free today call pound to fifty say the key words Dave Ramsay and receive fifty percent off your first month. That's pound to five zero key words. Dave Ramsay Michel is with us in India, and I was welcome that I ran show Michel. How are you doing here good? How can I help clicking about trying to help my mom I'm an old life insurance policy for her now

from a state of Indiana for almost thirty years you paid into a life insurance, I feel that they offered for her and and she retired now and wanting to know how I would be able to find out if easy, then active anymore. If she's, even there would even be a benefit after the law You know how I would find that out. While No there that's the place, I would start is two things, one go back to the back. Obviously, if you obviously already done that an them if they have any records or knowledge of the company or you not history- of the benefits packing in that kind of thing, which would indicate the company that she might have had this with You can contact that company. That's gonna buy in I guess an obvious thing. You may have already done all that this, Good thing is rattling around. On the back of my mind, like two DEC,

No all the information is or fifty or go information. Is there is a website or there was a a site that allows you to search life, ensure Companies for a policy typically people will use it after someone's passed away, and I don't know if they had insurance and they finding policies, but the shit like that. Thirty ads on bananas, don't remember what it is you know, and jump on this site and it would search times? If that's not there, and you know they had no idea, just Google that look for it, but I like it, a base title life insurance, search to or something like that. There is Kelly shaking her head, Sir she's in their googling for me right now so, but I I think, I was there and I haven't looked at it enough years to know how it works or anything, the and then the lastly life insurance is largely a no, it is not largely. It is a state regulated item

and so your state Life Insurance Department, State Insurance Commission may have record of the time policies, especially since it was. I state benefit that, though, so I will check that state benefits the state government benefits department and try that first I would check again on Google and see if there's a site that Kelly shaking her head. Yes, she's, going to type it on here. For me, maybe so I can tell her what is that be good and and lastly, I would go to the insurance commission, but they a of a detective thing, Kelly says it in a I see dot com in I see dot com or junctures. For something I'm sure the I says, insurance or something like that, so no, it used to be there behind looked at cash, it's been at least fifteen years since I've looked at that, but it really handy to do

the other one. That's gonna handle this as kissing cousin of that, as you can go to the dot If you lose savings, bonds and the the savings bonds, people, our excellent bought Gov site for searching up so bonds at ran, somebody's named. Could people lose them forget if they have them and that guy thing and if you don't have the actual physical bond you lost the money they're, not technically bearer bonds, and so in origin. Losing stuff like this is a problem and night, not keeping track of your financial stuff. So that's what I would do three things, but that in a I see, dot com will probably tell you if there a policy enforcer is a policy enforce statement, people really ought to have some kind of record, even if it was a few years back? You know some thanks for the gall, you joining Us Casey's on Facebook, They wanted to know if poor purchasing long term care, insurance? Well,

number one. We recommend you by long term care insurance which basically nursing home insurance or in Homecare those kinds of things. If sixty years old, are older. You have less than a one percent chance of using it prior to sixty years old, so I just would not buy a proud of sixty and I wouldn't put my money. I love and thoroughly endorse long term care insurance, but I tell people by another sixty but here's the statistic: seventy percent of people over sixty five, have some kind of long term carriage insurance. You need nursing home care in home care, something like that. Average time spent in a nursing home in America to point for years, Only twenty four percent, only a fourth of the people, spend more than three years show be careful there you don't have to have. I wouldn't break the bank to get

years of coverage most people are buying five years or three years of coverage, and in the high priest, The cases that's gonna I care of what you need. So three four be five years of coverage. Women tend to live longer than men status. Glee, and so a lady might get a little bit longer coverage than a man they actual stats, our seventy percent of young Ladys will out live your husbands. And so seven out of in times what happens is Papa goes on nursing home. If there's not much term care insurance. It cracks ambles domestic, nursing, home it'll be fifty grand ear right and, if he's three years on nursing, almost a hundred fifty grand those two underground save the good nest. I just got cracked and scrambled: he dies leave Mama with no money, because the nurse home, took all the money

Nursing homes or not evil, if you go to a restaurant, need to pay for the meal but have shorter you pay for the surgery. If you go into a nursing home buying services from somebody this providing it. It's not evil only where the government pays for it, as if your poor, they have welfare nursing home. If you want it, Medicaid Nursing Home, it's only for poor, people, and now you can't give all your money away and act like your poor. If you're not gave it all. He had sought or that, where the governmental nowhere can be on welfare when I'm old, oh brother, not always are immoral, which called welfare fraud, Medicaid fraud. They have a look back for five years. If you gave your stuff away in order to get government funding when you didn't deserve it cause you weren't, really poor, so get law term care insurance. Absolutely and seventy claims for in home care now be there

started to realising the industry. How important in home care is it's a big deal? Big deal, it just takes. You know it well, quality of care is higher. Typically, the quality that attention you get his fire. You get stay you're home, hello, that kind of stuff and so, This idea that somebody goes in into nursing almost aser fifteen years is highly unusual, statistically improbable. Shall have some things. You would need to know you're buying three four or five years worth of coverage and that's gonna cover you. Seventy to eighty percent of the time for your need, and only seventy percent of the people over have any that's one. Third, don't have a need ever they die. What I'll need a nursing home care or in home care, and so What you're, looking for some really you're buying insurance for a one hundred and fifty two thousand dollars expense? That's what you're doing

and so, if you got two million dollars- and you want to self ensure through that you can, you can two million dollar net, worth ending up plenty of money yourself, ensure through thousand dollar problem. You can do that. You can do that and probably from the look at you know, but long term care insurance is a vital part of financial planning because of I just described again show me- percent of your Ladys outlive your husband's seven. Seven seven out of ten set three What is roughly somewhere in their papa goes, Pushing Homespuns couple hundred grand uses up the nest, egg Mamma is there broke when Papa dies and that's not apply so that's out unfolds most of the time. Or they up and Medicaid Nursing home Gaza completely broken hoping starts, meaning welfare, so that we're looking at any need long term care insurance and you need to go get it when you're, two years old. That's the deal there! That's what we want you to do so

thanks for the call, or rather the the Facebook pushed their case involves on Facebook, dotcom slice diagrams about five million of you. Do we put some content out there? Some questions are answered. My interest regarding air from some of the inner action with you guys. Certainly, follow me on Twitter at Dave Ramsay about nine hundred thousand evident thanks for doing that, we jump and answer questions are occasionally mostly here on. This is that I Ramsay shit over the years I have seen so many family suffer by not having life insurance. It's not that I didn't care, it's just that they didn't know, so they did nothing, that's a huge mistake, listen

bones and wives, moms and dad's think about it? If you died, how is your family pay the bills, the mortgage food and plan for a better future? This is what life insurance is all about, and term life is the only way to go. It's not expensive and it's not complicated. I only recommend Zander Insurance and I have for over twenty years, call them at eight hundred three five. Six forty to eighty two or get instant quotes online at Zander dot com in the lobby of Ramsay Solutions, man and Mallory are whether, as a guy's, our yeah, we are fantastic Dave welcome. What are you? Gonna live Lovell Kentucky just a few hours up. The road not Biafal, welcome good to have you today and all the way down at a national to do a dead, freeze, great yeah, yeah good for you, and how much of you paid off we paid off,

two thousand dollars in two and a half years good for you well done and uranium encumber in that time, making just a touch under seventy two, just a touch under a hundred good ones for living, Mallory, is a special education teacher and I may recruiter very good good for you guys. So what kind of It was the eighty two thousand, mostly school loans. Nicely student afford focus, got it and how long have you been married? One year, while we are married January first unless ok, so you started work in your plan separately and then finish up together. That's correct version. We actually took a p while we were still dating. Yeah, great remarriage, counselling S, love it very fine, ok, so what prompted you all to get started on all this? So one day I came over to maladies house and she was having a panic attack. Her furnace had gone out and she was embarrassed because she had a call her folks. Instead, being able to handle it herself, and so I called

eyes person. I've ever met mama. And she says you can do one or two things she says you are you doing and the day Ramsay plan you could put probably a party or emergency phone toward it and sort of solve it or you know, her, handle it and then you you guys, go through a few together and so for Valentine's day. I said In my own area, in the middle of a masters programme how'd, you, like one more class, a great deal since you dont everything to do, go ahead and take a full time job here. Another cooks, so yeah I'll bet that went over well did actually I was, I was very surprised us For the first, as you were, gonna ripe for the period weren't, you ok here that you get the getting scared like that one time ago. I got a fix this and it was just a year after I bought my house so all of them, homeowners enter, it had expired for the one year

all the warrant reason they are done mine. It was like a month after that, of course, is where that always works well a month after that, of course, is where that always works. Well, why to go you guys? What's the secret to getting out of their you paid off eighty two thousand and two and a half years? We our friends of an incredibly supportive and what we would do is would watch their dogs while they were out and of sudden we'd have a Starbucks gift card and they say: hey gone activity session. You know to go into the goal: they knew where we were going with the entire things I love it. I find very cool share. Good friends. Journey on absolutely makes a big difference. You're over your other cheerleaders, my folks Huge cheerleaders force our hour passed her words your Mallory Spokes, were they got on board gotta show you start taking the closet, your church, I guess there was a

your church in the area are church was gonna small. We didn't offer to the time, but I'll captain bill sense. We ve taught F p at once to art, rich wild and will thank you for your coordinators. Now we are looking to wider, go very cool words, fonder teach. It is Finally, if you ve been set free, like this re, so good for you so well. Well done you guys good job, very good job. What was the hardest part of this whole thing? For you? It's been. Trip, I mean sticking with it. When I started out, I was workin for jobs, the Mai Friday, would start at eight a m in it and at eight a m, because I was a waiter and then I would go Dr Round Wrychester apps. So The next thing I know I'm out just out of it by Sunday, you so it was rough bud, slowly, but surely we saw where the and was in the air it. It's all budget, sticking to the plan and just keeping on the journey and a lot of self discipline evolved in it. Yes, was it worth it?

totally will have silver browser field or have no payments awesome it's it's! Incredibly! Freeing did not have to make another major payment. Just it can just we can chunk it into savings. We knew all sorts of great stuff with it. We also money everywhere and I talk to people in their like? How do you do it until I get to you know, share with them how we did it for fine, you guys were proud of you very good good job gonna copy across organ look for you that every day millionaires book, because that's what a b. On your way. Your next step chapter in your story so good Job Matt and Mallory Lobo Kentucky. Eighty two thousand Bower of paid off in two and a half years, making seventy to one hundred counted down. Let zero death Ready three two one:

Well, don't you guys beautiful Man is good as it gets right there, that's fine. You start off your life of all these gases that are going through, trapeze university as there has their pre marriage counselling there you go man alive and so you then you can keep all budget having free membership with these online experience, which is that the member a bomb line for education. The non. We clouds you go there, but then the class materials and the videos and the audio for that plus the legacy journey, which is the follow up glass we're all online. Then that's your financial membership and your every dollar is there a hook to your to your bank, which it every dollar plus that's about it

joint undervalue, that's all online, it's all free. When you go the class for the first year, that's pretty cool, Animal stay where they killers cop answer stuff in there and some of you that have been through for the financial risks You need to jump in and get the subscription to the membership, because all kinds of stuff there that you could do and mammals streaming of our love events- all kinds of stuff is built into the membership. How you dont want miss out on all that our aid involves a triple eight, eight to five five, two to five. You jump in we'll talk about your life in your money. Kim is followers on Youtube day. My husband can make good money anymore, whence or city, and we don't want retire. Where we are now I mean be able to get the same job there that I have now should we make the move. We need then comes to make it well.

I think of your husband can line up a job in that city. Before you make the move, then you go line up a job in that city. Then you can make it better in animal. What good money is- and I would not me move to a different city just to chase income. There have to be more to it than that. That's where I want Leah, which were always my kids, it's where I want to. In church, where I want to have my life and I can make more money, but if you move to a place that you eight and your miserable you move to Do you know, like hot weather? and your miserable you know like humidity, in your miserable and you really want to live in New York, and you to Florida. That's that's, you know, don't do that for money a different way to change your career. Forget it if only change your income, but if this is a that's positive, all the way around

only thing holding you up, which sounds like the way this is worded camera only holding you up as you gonna get a job start shop for a job there go? He has right. Adventure. Get his wound up, get yours lined up and then head. You know, load up a truck, Beverly kiddo you're done. You can do this, you just gotta go ahead. Anne and put you know you to put this, option place, and one things about when you show a good go like this? Is you can just there I can say what s to be true in order for this to be smart. What has to be true In order for this to be our next step, and in your case south what has to be to as major income there. So you need to find you can get a job or that you have a job or that you have a really good lead on a job or some hope?

that is reasonable and wise for you to make that deal, make that job and then go do it man, don't do it if its? What today. This is that I Ramsay show

thank you for being with us. America. Alisha is Witherspoon Rochester New York violation. How are you then how are you better than I deserve? What's up for the afternoon nice being with and sit here the and unfortunately we have not put money aside for college. You encourage pudding carried on hold and others are not paid for in cash? What do you suggest? Well, you're. Sixteen, you said I know my daughter's. Can ethics hinder, turned, I'm sorry, your daughter's sixteen ok I think you guys can make it it just is gonna, be all about college choice and It's gonna, be all about her working sailors,

four things we do the most the biggest mistake we'll make winner in a situation like this, is they choose a car again a fort. And so she needs to go to in state, and she may need to do her first year in a community college very inexpensive. Knock out some of the basics and just make sure that their that she taking clashes that are transferable. To in state state institution, ok and go home. Price that stuff out now, once you ve all of that. Then you can start to your goals and say: ok, how much extra work Have we all got to do this, combining she's gonna be Workin a lot and she's not going to work in a minimum wage, whopper flop or drop. More money than that she's gonna be nanny, ing, orb web. Tables or walking dogs. I don't know what she's gonna do

she's going to do a lot of between now and the time college starts and all the way through college by the way is not child abuse, most of us work how we were in college? so, if she's working what just pretend for Zagat I'll just grab, something ok, she's driving for Ober Drive, for you can make fifteen hundred bucks a month, but your drive and almost every night, I'm not saying what she would do, but there's part time jobs out there like that that you can do and if you make it her bucks a month? That's eighteen thousand dollars a year. If tuition is nine thousand dollars, we can cover tuition and some of the other stuff and you and her bad. Hopefully, can chip in some you're getting Are we able to throw some added as we're going along but we gotta how a plan to make more than the cost of tuition and housing while we're in school and really to get the first year started before at school we gotta have their first year.

Our or doing whether community college or whatever Is there a college, a university there in your town? Yes, there is right, she may be living at home and go and allowing the cheaper guy, so the point is the point: is you might not have the all cushy, wonderful, sweet with heart, surrounded and skills and unicorns college exe? it's all. I wanted to live on camp as well as nice, talking about your college friends, we're Talkin bout, your education, we're trying to put some knowledge in your noodle. That's the main thing! Are you gonna, learn something and get a degree and and all the other stuff is window dressing and if you ve got, money for window dressing. That's fine!. But if you don't have the money for window dressing, most p spend more on the window dressing around the college experience than they do intuition,

an apartment with a scar, lighted, jacuzzi racquetball Court freak in eighteen years, old,. Get a car with a car payment, because I have to draw back and forth. Eat out every night and they join sixty three in short asian fraternities clubs and crap there's another all those won't. You got the money, but if you can all of that on your student loans and you come out. Sixty thousand dollars stood alone that that you spent a hundred bucks, that only experience she's not wash, and that's what most people do in these situations. So You can do this I'm sure you can do this. So thanks for calling in open phones at eight hundred and eighty eight, eight thousand two hundred and fifty five, two to five. John is whether in Baltimore John? How are you

my call how you better than I deserve. What's up, how can I help you found. You found your reach, your phone, cutting out you're gonna start again. Can you hear me, sir? Yes, sir, Ok, I have about a hundred thirty three thousand dollars and death, It is a combination of atomic Andy. Embarrassing thing about the whole thing is I make reality now as a year I dont know make I don't even know where to begin and about three months ago I started putting money away in each of us land, I'm down about five percent. Now my question is: should I sell those to start paying moved their bluff, other in a retirement account. Unfortunately, I forty two years old and I don't have a retirement accounts, I'm just Logan

weeping and I'll show you ve got a hundred thousand dollars, and I heard what you say: three thirty three and one at all: credit cards, personal loans, student alone, a everything how much less car. I would say about thirty five and we're probably underwater. I try to sell it right now. And your married yes, kids, to conquer wonderful. So, if you're ready to clean this up, we can do pretty simple matter and say six, a thousand a year out of three hundred thousand for two years. In your debt free sixty five times to one thirty, but that what that means is that you guys we're going after quit visiting the land of stupid around their job. Spend money like Eric Congress. Are you my chest yeah. You don't get written budget a detailed plan

your wife or going to sit down and talk about it or not to eat or goin on vacation or freaking. Getting a bad but have used jumping down sixty five thousand hours year out of three hundred zero to build. Do that really seriously, I mean come on you be there in two years and if he did more than that should be faster than two years, but you need to beans and rise rice and beans, and need to go to a radical change in your lifestyle and on, view of money goes right now, you're drowned out our and your stupidity very much attractive years. I couldn't do it I don't know, maybe I'm not letting by the good, but you take twenty thousand that I haven't back than those neutral pond. That, even though that was the sort of buying that yes immediately and any other money that I can get my hands on this, not in retirement and I'm gonna, throw it away Melissa Debt, smallest, two largest we're gonna, get only every dollar budget on a detailed written plan with your spouse and get an attack mode.

The twenty thousand, doesn't move a needle, but what it do is get. You started May it shows your emotional commitment to a new process, but you gotta reach the point that you be sick and tired of being the contact you started it. Embarrassed barristers a good place to start disgusted come from embarrassed and disgusted The next thing is you just get pissed off That's it! I'm sick! tired of being sick and tired. I make too much money to be this broke, were change this thing and we, of that moment inside of you, that's when this, which will flip and you'll be ready to rock and roll I'll, send you a copy, the total money make over their show, you and your wife how to do this and you too, need to sit down. The nights are talking about this you don't ever dollar download the budget app, yet the thing started using you write down where your money should be going, making three underground you're gonna just to blow up the floor, you gonna go where it all going

and you don't have this moment of disgust, followed by some righteous anger. Yourself I'm not trying to condemn you, we ve all done stupid stuff, but you have to reach it. We have discussed it says beyond embarrassment. This is not gonna live like this anymore a hold on I'll have Kelly pick up, will send you a copy, the total money make over the help. You do it my way, folks, The interesting thing is that the formula for getting that you gotta get mad. The matter you get at the situation. Deeper. You will sacrifice the deeper use refine the faster you get out with a sacrifice, looks working extra spending less. We nothing because we worked all the time. That's what it looks like

the matter you get that deeper. You sacrifice the faster you get out. That is the formula mappen their works, guys the words you can wander in there, but you wander out. This is the day rooms. You pay its Kelly, assessing pretty certain facts mania for today, Ramses shut. This episode is over, but if you heard about a product or service, it didn't have a chance to write it down. Don't worry. We waste everything that is mentioned during this episode in the pot tests, show that section exposing more money doing what you love check out: Christie Rights, business, boutique, podcast crises,

firing and equipping women to become successful, running their own business hand, Christie right and I help women all over the country. Take their ideas and passions and Hobbes and turn them into profitable business. If you have an idea in your head or dreaming your heart and you ve ever wondered if you could make money doing it, I'm here to help join us on the business duty podcast, where we are equipping women to make money doing what they love to hear more from the remedy network, including crucially, Roger Boutros, Boutros Podcast. Wherever you ocean, the bog, Gush hates the producer of the Dave. Ramsay show this