Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's The Dave Ramsey Show. That is dumb cash is king and a paid off home mortgage has taken the place of the BMW as the status symbol of. Rachel Cruze Ramsey personality is my co-host today, open phones, a triple eight eight two five five two two five. That's triple eight eight two five five two two five is in Midland, Texas, starting this hour off a mark.

How are you?

You are. Yes.

Good man. What's up? So new listener, first time caller, no idea what I'm doing. No clue about the baby. But just over the last couple of days, what I've kind of started to do is I've dropped my phone. I have about one 30. One hundred thirty thousand in total debt, that includes two vehicles, credit card and a home, I was without work due to COBRA for six months. So we tapped into to the reserves and we had an.

Along with the fall in Kenya that we had just to to keep up with bills. Mm hmm. So you cashed out your for a while? I did. I took advantage of the of the covid relief on that.

How much was that? We usually were about 70000 total that we had in savings at that point. And that's all that's all gone.

Not all of them have got 15, 15 lists, I have a truck that I go to on.

Hmm. OK. And like I was saying, I dropped my phone kaid to go to zero, my company does a 10 percent match, regardless of what you know, if I put in six, they'll still match me at 10. So I figured I can catch up on that. Yeah. Yeah. Oh, man.

I'm sorry. You said you've had a hellacious year. Are you back to work? Yeah, just recently started back to work again.

So you two on the truck and how much on the other debts. You said a total one. Yeah. Too on the truck. Four on a credit card. My wife's vehicle eight and then fifteen on a home mortgage, which is actually being rented out at the moment and kind of break even on that.

Why is it being rented? I no longer live in that area. OK, what's it worth and one certainty. Good. OK, well, I'm honored to have you as a new listener, sir.

What do you make now that you're back to work? If I stay at my current rate by a 12 month period after taxes and everything, be eighty eighty one. OK, good for you.

And are you guys renting right now, Mark, where you're at, or do you know?

We actually own a piece of property and we live in my wife's trailer, which is also paid for older trailers. That alone makes me nervous to do anything with what we have. Yeah, for sure. Being an older trailer. Mm hmm.

Well, the point of the baby steps, Mark, it really is this this plan to get you guys, you and your wife on the same page. Being intentional is where your money's going, getting you in a place where you have an extremely solid financial foundation under you. So that means no debt. You have an emergency fund in place and you start looking towards the future. So. So a couple of things. I mean, you could start I mean, you have that 15 k when you guys pulled up for one K that what you have left that I would I would drop that to one to a thousand and I would start working my way, paying off your debt, using the debt snowball, which is the smallest to the largest.

And so paying off oddly enough, will pay off all your debt except your house. All right, it's 14 and I'll leave you a thousand dollars, which is scariest crap, but you're going to be on a budget. To be able to attack from there and put the house on the market, let's also say two is selling the house and you can take that tempted if I did to the the lady and they didn't want to take it out. She wanted to be family.

So I let her do this because of the times.

How long's the lease up or what is the lease up as a 12 month.

Yes. Is the 12 month Suisun the last three years everything was kind of oh.

Last spring.

So so a few more months is left that you don't put it on the market when the lease is up. Yeah. Because that's 70000. Then you take that money so you're out of debt except this mortgage and she's paying the rent right now.

OK, so day one with no truck payment, no credit card payment, no car payment, you take all your money and squeeze it out of your budget and you add it to that thousand dollar account you're going to ten thousand dollars saved up real fast in your emergency fund. And then getting back to that investing mark. Yeah.

And then you start back investing. And when you sell that other house, I would use that as a down payment and build a house on this land that you're living on or buy another property and sell the land and the trailer, one of the two. But I would get in a permanent home, like you said, live in an old trailer has got all kinds of downside to it.

But by June, I'm in a permanent home with the equity from the sale of that other house. I'm debt free with an emergency fund and I'm investing again.

That was a lot, Mark Coron, let's let's throw markets off the phone from this call. What's the very first thing you would do immediately?

I would sit down and I would go to the computer or my phone and I would download the I'm going to give you Ramsey plus four a year, OK? So I want you to jump into Ramsey. Plus, I don't want you to do your budget on every dollar the very first thing. And then I want you to do your budget again without any truck payment, car payment or credit card payment. So you can see what I'm talking about, because if you take those numbers and add them together and squeeze every other dollar that you can out of your budget, you're going to see that one thousand dollars in your account is not going to be that way for very long.

But I'm going to write the checks today and be debt free. But the house and no payments and I'm going to be in attack mode from this point forward. Now, you got to allocate for Christmas in the budget. You got to make sure stuff is done in your budget. It's a real world budget. This is freaking December. Last time I noticed that's when Christmas is. So you got to do the stuff. But then you say, all right, with no truck payment, no car payment, no credit card payment in January, I'm to put four thousand dollars in this account.

The next month I'm going to put 3000 or 4000 or whatever it is, and you're going to be able to see that you can do that by doing the budget. The second thing is I will write the checks and be done with those debts. The third thing is I'm going to pull that lease out and go ahead and start talking to that tenant, let her know to look for a place, because we're going to put the house on the market when the lease is up, period.

Start talking to a real estate agent in that area and get get them ready. So that day one that you're able to put that thing on the market, put it on the market, and when it sells, I'm taking the money from that and buying a house over where you are or building the house on the land, whatever your plan is over there on that side.

Oh, by the way, when you have an emergency fund of three to six months of expenses saved, which in your world is about 20000 dollars and you don't have any payments at all, you're in a really good place to start that restart that 401k and get that match and you'll be able to rebuild your retirement that you drained.

Oh, by the way, you're going to have to pay taxes on that money. You don't have payment, you don't have a penalty, but you got taxes on seventy thousand dollars. You have a fifteen thousand dollar tax bill coming up in April. You've got to get ready. That's also something you have to consider that may have to come out the 70 from the sale of that house or something like that in there. But all we're doing here is just work and you write down it.

Now we're going to give you a Ramsey plus, which puts you through financial peace. University, puts you in the every dollar budgeting app, gets you community and coaches there that you can ask questions from here. I'll give you everything as a gift because you've had a horrible year. I want you to get a reset right now. Mark, time for you to reset. Ready, set, go. This is the Dave Ramsey Show. Well, we all have enough on our plates, right?

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Rachel Cruze Ramsey personality is my co-host today, open phones, a triple eight eight two five five two two five this time of year can be stressful.

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Brian is with us in Philadelphia. Hey, Brian, welcome to The Dave Ramsey Show. Hey, Rachel. Nice talk to you, but you too. What's up? I just had a quick question and something that I heard you speak on a couple of weeks ago, my wife and I have recently purchased a house and we were fortunate to do the 100 percent down plan like you recommend. So we purchased the house from my in-laws. And when we did the purchase, we did a quick, plain deed.

Now, what I was wondering is we paid 180000 for the house. Currently, houses in our neighborhood are selling for three twenty three thirty. So with the quitclaim deed, could you expand a little bit on what what exactly that that entails? And am I going to have capital gains or was there anything I can do to to shield myself from some of that as well?

Yeah, you can only make capital gains because you just bought a house for 180 and you pay cash for it. Now, when you sell the house, you're going to see if there is a a married filing jointly.

You have to make a half million dollar profit for there to be a gain.

And so you'd have to have 180 plus a half million when you sell it before there's a gain, a taxable gain. OK, so you don't worry about capital gains. A quitclaim deed simply means that they quit claiming any rights to the house and gave whatever rights they had to you.

The benefit of that in most states, I do not know the law in Pennsylvania, but in Tennessee, for instance, where I am, the benefit is you can record that deed for three dollars in Tennessee. You record a warranty deed, which is the proper way to transfer a house where you warranty that you actually own the house and you're selling it are the piece of real estate that's a normal deed to transfer things. And in most states, you will pay the equivalent of a sales tax, a recording fee, and it'll be thousands of dollars to record that deed.

OK, techs at the courthouse one time now, wouldn't it be in most places it wouldn't be ten thousand dollars, but like, for instance, in Tennessee, probably be a couple of grand to do it on your deal. OK, give or take, depending on the county that you're in and that kind of stuff. So that's what you avoided. What you didn't get is you didn't get a normal transfer.

You got a handoff that says whatever rights I have, I am giving to you.

And so, by the way, I could give you a quitclaim deed to that. It wouldn't be worth anything because I don't have any rights.

But I'm saying whatever rights I've got, which happen to be none, I can give you that deed for that. And I nobody does that. That'd be weird. OK, but that's the problem with that deed.

And it may you may run into problems someday when you get ready to sell it. They may question why it was a quitclaim date. Now, the last part of the equation is your in-laws do have what year did this happen? We just purchased the they purchased a house in 2016, we just did this a couple of months ago. So it's been 20, 20.

Good. OK, your in-laws need to run to their tax lawyer or tax accountant or estate planning attorney because they have a gift tax due if they do not file proper paperwork on the difference in the value in the 180. You can't give somebody two hundred thousand dollars, that's not a charity without having gift tax on it, and that's what they just did, even through real estate, even through real estate appraisal.

Yeah, if the thing is, if they ever get audited by the IRS and the IRS establishes the value at the time of sale being 320000, but they only but they gave it to their kids for 180, the difference is a gift. And it's going to be taxed at 55 percent. You do not want this. No, but I want that one piece of paper they can file with their taxes this year, and it's called Write This Down, it's called the Unified Estate Tax Credit.

And they can use up part of their estate tax credit, which is 20 million right now. So I think they're OK unless they got on it, unless they got assets over 20 million, they're not a problem with this.

They can use up part of that instead of paying gift tax. That makes sense. Yes, the sense of unified a state tax credit they have to file the paperwork are they're going to be liable for 55 percent of 140000 bucks. They do not want to miss this piece of paper. Perfect. Thank you very much. And you're OK. Everywhere else, I would tell you what I would do, run over to the title company and it's probably going to cost you several hundred dollars.

But I buy title insurance on this house, on this transfer, and that'll help you when you get ready to resell it, when they look and go, oh, you just have a quick claim deed. Well, I had title insurance. OK, well, they had a title company insured this transfer as being accurate.

Then that's going to help give you quality of title, so to speak, you know, proof of the chain of titles, clean and all that kind of thing. I would buy title insurance to help you on the resale and I buy today and I may have missed this, but why do a quick claim deed?

Well, the only reason people do it is because you don't have to pay the taxes when you record it. That's it. That's cheaper. That's probably save them several thousand dollars doing that.

And in a in a family transaction like that, another time you'd use a quitclaim deed is if there was a divorce and the husband's going to give the wife the house in the settlement. Yeah. He would quit, give a quitclaim deed for his half of the house. That's a very normal way of doing that. Yeah. Yeah.

One time I had a piece of property that I sold and eight years later, the guy an attorney contacted me and says, hey, would you do us a quitclaim deed? Because the way that title was done or the way that deed was written up, it looks wrong and the insurance company won't insure it. I said, sure, I did a quitclaim deed for them. They did all the paperwork they paid for the recording. It just helped them clean the title up.

So it's like I had a little piece of ownership still in the house that I really didn't know because it was done wrong eight years before. Yeah. So I was helping them clean the title. So you use it for stuff like that, usually instead of a regular real estate transfer.

Ninety nine percent of the time you buy a piece of real estate as a warranty deed.

And that says as the seller I am warranting that I am the owner. And that I have to give you yeah, and I'm promising you that this is good and proper title, you know, and then you buy title insurance to make double sure. But that's the that's why they call it a warranty deed.

When you buy a foreclosure, it's a special warranty deed because it's they're not going to guarantee the title. They're just selling it at the foreclosure steps at the garage, right at the courthouse. So you'll see these different names on these deeds. And they do mean something when they come along.

You get ready to resell a foreclosure, which I used to buy foreclosures, as you know. And so you get ready to resell that you got a special warranty and you didn't have title insurance. Sometimes that gives you a hiccup. Yeah, for sure.

So that kind of stuff. One of the houses that you and Winston lived in when you first got married that we bought Winston and I bought it at a foreclosure, we bought it from a bank that had foreclosed on it. They gave us a special warranty deed. OK, yeah. Yeah. So you actually have owned a house with that, believe it or not. At one point. So but it's interesting, I think, you know, because but the quitclaim deed.

Ninety nine percent time you hear about divorce when Imes quit claiming their half, I'm going to give my ex spouse my half and that's usually where it comes up. So there's your little real estate class the day, folks, just in case you were driving around. They want to one by Professor Dave Ramsey.

You were bored and now you're really freaking bored. All right. This is the Dave Ramsey Show. Rachel Cruze Ramsey personality is my co-host today here on the air. Open phones at eight eight two five five two two five. Ron is in Alexandria, Virginia. Hey, Ron, how are you? Hey, Dave.

I'm doing terrific. Thank you for taking my call today. Sure. What's up? So I have been following you and the Ramsey Solutions team for the last couple of years. We started paying off debt in April of nineteen, and that's when I became familiar with the teaching and your principles and everything you folks do. And I've been following it since then. So I'm familiar with the baby steps. We started out with fifty four K in debt. We're now down to thirty one K and still working to pay off.

But my question is this. As I'm working to pay off this debt, I've kind of taken a shotgun approach to the baby steps and I wanted to get your take on it. So yes, we're paying off debt. I started up with a thousand dollars. Put that away. We ran into some problems with the house where that wasn't enough. And unfortunately, we need some more debt. So work out the house. We had to get all of our pipes replaced, all the plumbing, because we had faulty plumbing that was in the house and it's bad stuff and we had to get rid of replace.

There was a lawsuit that happened, but we weren't we didn't fall in that window. So we ended up replacing all the piping in the house. And that was our decision. Yeah, that was our decision. We had four leaks within three years and each one got progressively worse. I made the decision to replace it. OK. And so so we had those expenses. What's household income? So I just got promoted and we're now making between my wife and I and my military retirement and my my current job, one hundred and twenty eight thousand.

And how much was the.

11000, OK? Right. And I did not have the savings right, I felt up at that time, Dave, that was the issue. Yeah, I understand. So and so then, but the pipes were not it was not a sudden thing, I guess if you had called us, we would have said stop. Your baby steps. And quickly making one hundred thousand dollars a year, save 11000 dollars over the next three months, two months, whatever, and then do the work with cash.

OK, there was not an emergency. There was not an emergency, you just had a toxic situation that needed to be dealt with, but you'd been dealing with it for several years already. Yes, sir. Yeah, OK. All right, just I'm just thinking through this with you. OK, so so in a sense, in a year you paid off thirty thousand bucks and to 11000 dollars worth of pipes.

Making 130 what you tell me. Yes, sir. OK, so we had we had that prior to that as well. It was eleven thousand on top of what we already had. Mm hmm. But so now I'm at thirty one. And I'm also putting money into our emergency fund. I got about eight K in that right now. I had stopped my PSP contributions this year to pay off the debt and I just started them up again because the call of the five percent matching is pretty strong.

And so I, I went ahead and started that up again. And so, you know, I kind of got several balls up in the air with this approach. Yeah. You're doing your question. Yes, sir. OK. And this is why I'm calling.

How can I help you do? Your plan doesn't work. How can I help you?

Oh, no, sir. I want to be yours. Absolutely. Oh, no. I know what it is. You're not doing it. You didn't like it. OK. Right. Yes, sir. OK. I mean, so listen, here's the thing, here's the thing. The call of the five percent is not a siren song and it doesn't make you wealthy. What makes you wealthy is getting out of debt so that you have control of your most powerful wealth.

Building to a 1000 other emergency fund is not enough. It's not intended to be enough.

We're supposed to be kind of scared with a thousand dollar emergency fund, which drives us really hard to get through the 31000. And in your case, making one hundred and thirty thousand or 100000 plus how fast you pay off thirty one thousand eight or nine months. So you're really not going to have a one thousand emergency fund for a very long. Matter of fact, you don't have thirty one thousand dollars in debt because you have 8000 in savings. I'll take seven of it.

And that puts you to 24. How fast do you pay off 24 without putting money into the TSP and without this? Here's the problem. People don't want it money because they don't focus on one thing. They try to do six things at once and none of them work. And that's what you're doing, sir.

So you can do it if you want.

I'm to be mad at you, but it's just it's not a shotgun approach on the baby steps because the baby steps does not account for a shotgun approach. The baby steps say the power of winning is based on focus for short periods of time. You're doing what we call in the business world. And when we're doing a technology project, our guys do sprints and they go, we're going to dive seventeen people on one project like crazy for a week and see if we can get this project done.

And that's what we're doing here. So you dive on the ball and you got a thousand dollars for how long you take to pay off. Twenty four thousand bucks making your kind of money six months max. And then you're debt free now you build your emergency fund from 1000 back up to three to six months of expenses, and then you restart your TSP and you have plenty of money in your TSP, you can do it your way if you want to do it again.

All of this I mean, honestly, it's a it's a year you're going to look up at 20, 21 December. You're going to be out of debt. You're going to have an emergency fund with cash and then you just start investing again. So it's a one year pause is the way you look at it. And I think that's that's the that's the thing you have to reform your mind around is as literal as you can get. Write it down.

I mean, visually see the plan on paper that gives you a little bit more piece, like the idea of just having a thousand dollars and. Oh, yeah, we got, you know, thirty one thousand in debt over here. And I do want to get that fiber. It all kind of gets muddled. But when you say, OK, what if I took this approach and I really did take it down to 1000 or 7000 at the debt, listing it out, seeing how much you guys are make and looking at your budget, see what you can squeeze out, OK?

Yeah. By July, we'll be out of debt completely. We'll take the next six remaining six months of 2021, save up some cash on the side and then we can keep going. I mean, it just is walking down step by step. Light dispersed lights, a room focused, is called a laser and will cut metal or do surgery. And life is that way. When you focus on something. To the exclusion of everything else. You move the needle on it when you don't, it's watered down because there's so much in this process that is not just a math problem, it's an emotional relational problem, because here's what happens if I'm a little bit scared because I only got a thousand dollars, which he is.

And you should be.

I was. And and I'm a little bit pissed off because I'm not getting my match. And I like the power of compound interest over here, mitzpe.

And that's a good thing. And those things make me go when I sit down. Look at the budget. We're cutting this out. We're cutting that out. We're cutting this out because I'm get rid of this debt so I can get on with this thing. And then when you get rid of all that, that there's a sense of freedom.

There's a spiritual release because the borrower is slave to the lender and of course there's a mathematic release because you don't have a free cash payments anymore and now you can easily do not five percent, 15 percent into your retirement for the rest of your life.

But the power of focus supersedes. The the need for an emergency fund, short term, it supersedes the but it causes deeper sacrifice into the budget and speeds up the get out of debt.

It also the the disturbance in the force that happens because you're missing out on that compound.

Interest is pushing every all these things are piling up in your spirit. And you could just go it becomes a singular focus on selling everything. I'm working extra. I'm no, we're not going on vacation. No, we're not going out to eat break and getting out of debt.

And when you get that in your spirit instead of like, well, I guess the economy, the economic system as it is and I'm not making fun of you, Robert.

I'm just saying that that's when your spirit does that you lose the power, the momentum that comes from focus.

And that's what it is. Personal finance, 80 percent behavior, 20 percent had knowledge. It's not about the math. It's about what's going on inside your spirit and when you're focused. This is why at Ramsey, we are the most successful company in history, helping people build wealth because we show them how to get out of that so that they can become wealthy. No one has done it on the scale or with the success that we have. And it's all based on these ideas.

This is the Dave Ramsey Show. Bruce Ramsey personality is my co-host today, open phones, a triple eight two five five two two five. Jessica is with us and we're still waiting. And I'm pushing the wrong button there. Jessica's in Bristol, Virginia. Hi, Jessica. How are you?

I'm great. Thank you so much for taking my call. Sure. What's up? And I'm just I mean, I think you guys probably about a month ago and I'm just trying to figure out I'm a special education teacher and then I have a five year old daughter who has autism. So, like, there's not an option for me to go out and work a second or third job because my parents takes care.

Your parents take care of her while you're at school? Yes, I live with my parents purchasing a family home from them in a private sale. Like I pay them so much per month, I pay them up Hypertherm bills. And so they know that my daughter needs me to be home. So there's not an option for me to go out and get additional work. And I already work 45, five minutes one way from my house. I'm traveling about an hour a day.

Sorry, in transportation.

How long you been doing? How long you been doing it? I started out as an aide, so I was making about fifteen thousand dollars a year and then I.

Well, have you been doing this? I'm sorry.

I've been doing special ed as a teacher for four years now. This is my fourth year. OK, and you're raising a child with autism.

Yes. So this makes you what's known as an expert. In the field of special education. Yes, you have experience, that you have experience and you're a parent. I would come to you if I needed some questions answered. On special education, because I think you're a credible source. And this is your this is your extra money. And it's all online. You develop an online presence and you start coaching people and build support groups for people that have the same fears and hurts and broken hearts that you have, you understand it like no other.

And you can give advice and coaching and you can build up a following of people that'll do that, and they will pay you for that. It may take a little while and you have to develop a little bit of an entrepreneurial business model, but that's one thing that pops into my head. The other thing that pops into my head is while you're watching your child at home, it would not be convenient.

But for a short term, in order to make some more money to clean up some of your other stuff, you could watch another child that had.

Special needs of some kind that allows you to do both your child and that child, they couldn't be overwhelming is my point. But you could do that. Later, if I was to watch watch somebody else's child in my own home, wouldn't I need some sort of insurance to protect?

And if you're just tutoring. You're going to start you're going to start tutoring high functioning autism students and you're going to tutor them to increase the skill of math or reading or whatever it is that the parent is concerned about, because you know how to do that. And you can do that for an hour, a day at home, twice a week. And you could make fifty dollars during that hour. An extra 200 dollars a week, an extra 800 dollars a month, and that's a lot of money in your world.

Yeah, yeah, if I made all of that up just now, by the way, I have no idea if that's right, but my point is you're not going to go out and work the extra job because there's no one to watch your child. Your parents have already been doing it all day. And you need some time with them. They need you. Where the extra money, Jessica, what are you your question calling in, is it do you need extra money?

Are you looking for ways to earn it? What's the what's your what's your main question?

I'm pretty far in that as far as student loans, credit cards, you know, the house payment isn't that big a deal. How much debt, how much debt do you have to allow? About a hundred and twenty thousand dollars in debt, roughly.

So you're overwhelmed. I mean, you're what kind of debt is this? The majority of it is student loan debt, because I was working as an aide before working as a teacher and I couldn't live on being and I couldn't cash for my education. And I thought I had to do something in the field that I love. And so I went for making fifteen thousand dollars a year to making thirty six thousand dollars a year, which sounds amazing when you think about it like that.

But it doesn't take care of it when you have almost a hundred thousand dollars in student loan debt. Yeah.

Yeah. OK, yeah, I think you've got to develop a side gig that allows you to be with your child and also allows you to create some income. And those are the two ideas that popped into my head. They're not magical and they're not easy and they're not instantaneous. You could do both of them.

But I mean, you work on online stuff when your kids sleep at night.

But you're right, it's going to take too long at 36000 overdress, 100000 student loan debt.

And even if there's a family, Jessica, and again, all of these are short term solutions, like we don't want you to live like this for the rest of your life. I mean, this is for the short term, maybe a year or two years, whatever it is. But even if there's a family near the school, one of your students that you have in class that lives near the school, so you're already driving out there. Maybe you go an hour earlier, 45 minutes earlier, do some one on one tutoring at their home before you go in to work or things like that.

But again, it's thinking outside the box, something that, again, doesn't take you away too long from your child, because I hear I hear you. And as a working mom, by the end of the day, you're ready just to be with your kids. But it is having to think outside the box for a long period of time.

You're not outside the box like you're going to go in this whole separate area. My point is, you are an expert. Utilized that in some way to give you the lift, and you knew, you know, as long as you have the emotional capacity to spend that much more time with special needs folks, then if you've got that, then I would highly recommend that you're doing this and you're somehow coaching the moms and dads along.

It's just a it's a as you know, it's a great community of people that gather together on this.

And so there's word will get out that you have the answers and you know, and that you had, you know, when when you get one, Miss Jessica, things happen, you know? I mean, that's that's that's that's what you want people saying about you. All right. Jeffrey's with us in Springfield, Missouri. Hi, Jeffrey. Welcome to The Dave Ramsey Show. I don't save an average. Thanks for taking my call. Sure. What's up?

Yeah. So I've been listening to you show, you know, for the last three months or so. My boss at a show me gave me a book sort of money makeover. And so what was it called? What was so we actually have in the military, so is my wife. So we actually have no that actually had a small like credit card, actually had the money. So instantly I paid it off. Right. So we actually had no debt.

But so so instantly I have actually decided the house. OK, Jeffrey, before I run out of time, right.

Quick answer, you could ask a question because I'm up on the clock here.

Yes. OK, so that's all I have all my four Roth IRAs and everything else on four or five and six. So my question is, my wife is not really completely on board. Right. But we do have control of the money. So I'm kind of doing what I what I have to do, investing and whatnot. But my wife is not completely on board. So my question is, is there something that I can do like is there something that I can show her to kind of get her on board to kind of be on this journey?

Yeah, you're going to need to ask more questions and make fewer statements. You're telling her everything and you're not involving her and she's getting tired of you preaching at her. She gets enough orders during the day, she's in the military. And so if you'll ask and draw her into dreaming again, as Chris Hogan says, have a dream meeting with your spouse about where we're going and then how are we going to get there? What do you think we ought to do with this?

Not here's what I think we ought to do with this.

She's tired of hearing what you think that I miss something now and the, you know, baby steps two and three.

That's the that's the hard stuff. But you guys are you're in you're in a good spot. The fact that you're there already says a lot about what you guys have done.

So now. Very good. You'll get there, brother. That puts us out of the Dave Ramsey Show in the books. This is James Childs, producer of The Dave Ramsey Show, you can listen to Dave Rachel Cruze, Chris Hogan or the rest of the Ramsey network anywhere with the Ramsey network app on your smartphone, get you all of our full shows, browse by topic or send clips to your friends to the App Store and download the Ramsey Network app.

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Hey, it's James, producer of The Dave Ramsey Show. This episode is over, but check the episode notes for links to products and services you've heard about during this episode. Thanks for listening.