Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show that is Cash is King and the paid off home mortgage has taken the place of the BMW as a status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at triple eight eight two five five two two five. That's triple eight eight to five five two to five.

My co-host on the show today is Ken Coleman, Remzi personality. We are here to talk about your life, your money, your career and any way we can help you. Triple eight eight to five five two two five. Nicolas's in Florida. Hey, Nicholas, how can we help? Hi, Dave. So my wife and I were almost at the end of baby, too. We only had a little over a grand left and about three weeks ago or a car that we got it from a friend and he was nice enough to let us make payments on it.

The engine blew and we had to use our emergency fund and even a little bit of it more to pay him. And we were without work for a week. We try to look for other solutions, but we felt so stuck and I did a stupid thing and I financed a ten thousand dollar car and I was just going there feeling like it's just what I had to do, which I really felt bad enough. And as I was sitting in the finance manager's office, I just remember one of the quotes that you see often where the borrowers, the lender and I just from that moment until now, I was so crushed.

I feel like I have a big sign sinuses idiot on my head and I don't know what to do.

Oh, me too, man. I just try to turn the lights off on the side so it's not so obvious.

Oh, let's see. Let me get this straight. You did something stupid. Does that mean you are stupid? No, no, it doesn't. Because if you if you didn't realize you did something stupid and you did something stupid, then you're probably stupid. Yeah. Mm mm. Sue me too. Me too. You know.

So what do you do, Ken, when you fall off the wagon?

Well, you dust yourself off and get back on the wagon. Yeah, but reflect first. I like to add a little step in there. Let's let's let's let's look at why did I fall off what drove me to that.

And it was fear.

You know, I think we've got to understand we have to learn from these moments. It's not enough just to say, all right, I'm not stupid and I can get back out of it because you can. But I want you to examine why you made that decision, what drove you to making a nonsensical decision. And it's not even stupid. You just you weren't and you weren't in a place of clarity while you're doing it.

You knew it was wrong. Yeah. So what's happening in your head that allows you to do that? Because if you don't fix that part to Ken's point, you'll do it again. Right. That's that's that's what we want to reflect on.

So what drove you what was your driver?

I mean, we need a car for our work, and we just felt like there was nothing else. We wanted to get another cheap car like our one before. But we just had this feeling like we would go into the same thing where it would also break again and would just be going into the cycle. We were planning we were planning as of right now to pay this one off within a year. But I knew that even with that, I just felt like there was something better but a better option.

Well, just and I'm not going to pick this apart, but I just want to speak to the fear because you were afraid it was going to happen again. It's like being afraid you're going to get struck by lightning twice.

And the odds of that are very, very, very, very, very slim.

Did you get the first car, the one from your buddy? Did you have a mechanic look it over before you agreed to buy it? Yeah, we did.

OK, we had mechanics. We had friends that are familiar with cars, OK? It said that it was OK. It was tough. I mean, that was a 2007 here. So it's been some days. But overall, the people who are looking at it said it was alright. But we drive a lot.

SULZER Well, so it was just this time. So here's the deal. So bad things happen. Life happens. OK, you did a you did what you needed to do there.

You weren't reckless, it seems. And so something still happened, you know, it was bad and something bad happened. And so now what you did is you compounded a bad situation by going and getting a ten thousand dollar loan for a car. And there was another way, I'll bet there were two or three other ways. And that's what I want you to reflect on, is that even in those moments where you feel like there's no other way, there are there's another way.

Sleep on it, get about five other opinions. It just needed some feedback. You needed to pause. Yeah, that's what the lesson is.

Rent a car, buy a thousand dollar car. The thing about thousandaire cars is a throwaway. Mm. Disposable ten thousand. Our cars aren't. And and so here's your challenge and here's what you got to figure out, OK, is what is going to take you long term to where you want to go? And I'm not media I don't mean transportation wise, I mean in terms of the decision making and principles that you're using with money, what's going to take you where you want to go?

When Sharon and I went broke, we determined. We became thorough believers 30 years ago that borrowing money was not going to take us where we wanted to go. And so every time we were painted into a corner, every time we were backed into a corner of someone pointing a metaphorical gun at our face and said, OK, the only way out of this is borrow. The only way out of this is get a 10000 a car every time. We just said we can't borrow money.

We changed our belief about what is going to cause us to win, and borrowing money was no longer on that list. And so we never again, because we no longer believe that we never again have borrowed money. And so the problem is, is that your belief was tested and you didn't believe that the best way.

And you thought instead, you know, your your you know, your four year old kid that lives inside of all of us said, well, you're always going to be driving a junk car.

You're not you drive a junk car, you drive like no one else. Aletter you can drive like no one else.

You don't drive. Now, any thing I want, you know why?

Because I drove crap for a long time with Bondo as the primary color. Yes.

You know, and so I drove like no one else. I can drive like no one else. And so you got it. You got to believe that that's actually going to occur. And then you can go back into a piece of crap when your other piece of crap breaks. That's right.

What sort of split? Ferrari. Yes. See, when you talk about you and Sharon saying we are not going to choose debt, but we're in a corner ever.

So here's what happens when you focus on never, ever, ever, ever again having debt. Guess what happens?

You get certain options are removed. Yeah. And other options appear. So this is a focus thing.

So and again, we're not picking on little we both crap. Oh, yeah. As a result, listen, for well over a year and a half, first four years of our marriage stationhouse, I drove a year and a Ford Taurus. It didn't have AC, but it was for thirty years. No, it was right here. Yeah. Yeah, absolutely right. I'm old a year and a half.

I might well you know, the situation here is, is he began to say, well, that's an option. I don't want it to be an option, but it's an option. I don't want to be an option. I feel bad about it, but it's an option. And then it became the option. It wasn't the option.

Your emotions take over instead of your belief. You got to focus on.

What I think you need to do is sit down and re-evaluate what you really believe is going to cause you to win with money. Yeah.

Is it the stuff we teach? If it is, then this has to be a one time thing.

And by the way, if that's the case, sell the car, get rid of the debt. Now, undo the problem, because every time you get in that thing, you're going to feel like you screwed up because you screwed up. This is the Dave Ramsey Show. Everyone wants to keep their home and family safe, whether it's from a break in, a fire flooding or a medical emergency, simply safe security delivers award winning 24/7 protection was simply safe.

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This hour, The Dave Ramsey Show, my co-host is Ramsey personality, Ken Coleman, host of The Ken Coleman Show. You can hear him on Sirius XM by podcast. Oh, YouTube and 50 radio stations, just to mention a few places is all over the place and answering your questions a couple hours a day about career, about jobs and about life. And we're talking about your life, your money, your business, your career, all that stuff this hour, your calls at 8:00 8255, two to five.

John's in Missouri. Hey, John, welcome to the Dave Ramsey Show. Hi, Dave.

Hi, Jen. How are you guys today? Good. How are you? Great. How can we help? Well, I'm currently following Dave Ramsey program on baby step two. I've got about sixty thousand dollars less to pay. I've been working on it for about a year. Good. And I'm working some help with working the baby steps and also trying to follow Tim's program. I have approximately preschool and I'm wanting to find my sweet spot. I worked a lot of different jobs and this hasn't really just been jobs that haven't really been anything I've been passionate about.

Cool. So what do you make now? I my take home, I was about 18 to 20000 a year. OK, all right.

And let's start with four. We try to figure out that sweet spot. You've listen to the show enough to to mention it that way. Do you have any sense of of something that that you would do if there were no challenges, no money issues? You just go do there's something you've always wondered about what comes to mind?

Well, I really love helping people and solving problems will kind of tell me more.

What kind of problems would you love to get up and solve all day long?

Well, I think from listening to Dave a lot, I want to have people with money, OK? I made some poor decisions in life with finances, including student loans and debt. And I want to help people avoid that problem as much as possible.

All right, great. So this is a this is a wonderful clue here. And it's really answering the question in what is my mission, the results of my work. So you want to help people with money problems. And so the question becomes, do you feel like you would rather help them on the coaching side of things, financial coaching or investing? Dive into that a little bit more. What would that look like day to day? How would you be doing that?

What's the solution that you're excited about providing to those people with money problems?

Probably more on the coaching side. I mean, I'm pretty good communicator, most of my friends say that I always love public speaking or did some speeches and stuff in high school. And I really like getting up front of people and talking and asking people through advice and things like that.

Have you ever coached advice giver? You ever coached at all, even if it's for your kids or in some environment where you were some type of coach? No, I haven't tried that. Yeah, yeah, all right, well, you know, listen, the communication skill, so we look at talent, passion, mission, they have to intersect. So what you do best and what you love to do and the results that matter to you most, they come together and the financial coach certainly can be that.

And I think what you've got to do is I'd like to see you do your homework assignment is to you need to talk to somebody who's a successful financial coach. I want you to call our team our financial coach, master trainer. I want you to kick the tires, learn about the program itself. It's a wonderful program and it's going to teach you how to be a coach and then it'll help you build that business because this is going to be a side hustle.

Now, you're not making a ton of money right now, but you're going to have to build this. You don't just say, well, I'm now trained as a financial coach and then everybody shows up at your door. This is very much an entrepreneurial journey. And so you can have to build this one customer at a time by really coaching. But what I want you to do before you go this direction is what I call clarify and verify. You talk to people that are actual successful financial coaches.

And here's what you're asking. How did you get to where you are in your business to where you're successful, ideally their full time or on the path to becoming full time? How did you get there? And then tell me what it's like day to day when you're coaching people? What's it like? You need to really clarify what that role entails and then the verify will take place. Your heart will verify. Yes, I want to do this or no, it's not what I thought it was.

That's not the play. And so that's what you have to do to really confirm. And that's the stage one of my seven stages to significance. It's getting clear. Then the next stages get qualified and our financial coach master training will qualify you. And while you're getting qualified, you're in stage three as well, which is getting connected, beginning to tell people, hey, I'm coming this direction. I'm going to be offering my financial coaching services. If you need help, you're beginning to talk to people who have been successful in it again to see how they launched their business.

So that's that's the path.

If, in fact, Dave, that he feels like, yep, financial coaching is the direction I want to go or if there is another type of coaching that you can get involved in. That's right. And if you could land a position somewhere, all it would have to pay is what you're making now or more. And you can make that while you're in baby step two, because as long as you're not taking a step back and income in baby step two, you're fine.

You're heading in the right direction. Cody's in Utah. Hi, Cody. Welcome to the Ibraham Zetia.

Gentlemen, it's a pleasure to talk to you guys. You, too. What's up? I just had a quick question. I've only been listening to you guys for a few months now. I have a friend right in Washington that led me on. You guys, I appreciate that from him, me and my wife. I'm twenty five. She's twenty three. We have been trying to have the kid for a couple of years now, and we just found out a couple months ago that we're pregnant.

Yeah, it's awesome. Yeah. So I'm excited but terrified just exactly how I feel right now. Talking to you guys. That's how you should be.

Not from us, but from me and from that being a dad. Yeah, that's normal. Absolutely. So I wanted to share with you guys my our financial position right now and get your advice on how to kind of attack the debt that we have and just any of your other fatherly advice. So I make thirty. My wife makes forty. Currently I'm actually changing jobs to where I could start a career in insurance with health insurance and I'll be making anywhere between 70 to 100 by myself.

And that starts in August. How much debt do you guys have? It so we have about eighty seven hundred dollars in a car loan and then we have one hundred and thirty eight thousand and a home mortgage. That's all. And then that's all. Yeah. And we've paid off about we've been really trying to stick to the budget and we pay it off actually. Thirty thousand dollars worth of loans in the last year. And so what's your question?

So my question is, because I've I've listened to you a little bit and I know like when you were pregnant and have a baby, you say stop. So we currently have about 7000 and checking 2500 in savings and then 5000 thousand investments and write a check and pay the car off.

Pay the car off today with a baby on the way that's doing today and with no car payment and your tight budget between now and December, you can have a pile of money and you're doubling your salary. Starting August, you're double your take home, both of you together, your money. So you're in really great shape. Don't you think twice about what Dave said? Do it.

OK, so like again, I want to be a first time parent I have not like besides the hospital told us because we're working with like midwives and stuff like that, that after insurance we're going to have to pay like fourteen hundred bucks, which to me is not bad for giving birth or whatever, you know, whatever. But I don't know what other costs there are to having a baby after. I know you're like stockpile stockpiled cash. Like what other things are you telling people to stockpile cash for.

But I'm not. You're going to budget the Pampers, dude. You're going to budget the formula. Yeah. And you're going to budget the monthly bill to the pediatrician for the first six months. It's federal law. You have to pay their porch payment for him. And so the you know, you're going to you're going to have some bills out of pocket, but you're going to have plenty of money coming in and you'll adjust your budget. They don't eat much larger carrots.

Doesn't cost much. Yeah. Know, it's not it's not bad.

And this idea of children cost so much and it cost a little bit. It's not it's not that bad. I mean, you don't want to have seventy three of them when you have fourteen thousand our income.

But, but, but I mean it's not going to crush your situation. There's not a big stockpile of not a big tsunami of expenses coming with the baby.

Now you do have to guard against nursery items, which is a disease that affects first time parents where they spend fourteen thousand dollars on a bed for a kid.

Now, that doesn't even sleep right, nor do they see the wallpaper or all the other things you put in the room.

Yeah, it's cute for you and your wife only or mainly for your wife. So don't overspend on the nursery and all the toys and all the other stuff. But other than that, you should not have a tsunami. I think you're going to be just fine nursery items. I think you just created a real condition. I've observed we should submit that. I've observed. That's a new word for the. If current times have shown us anything, it's that everyone who has a family counting on them needs term life insurance.

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Ken Coleman Ramsey personality is my co-host today. You're on the air as we talk about your career, your money, your life and Jennifer. We're going to talk about Jennifer of Jennifer's in Austin, Texas. Hi, Jennifer. How are you?

Hi. I'm doing well. How are you? Oh, great. I see on my screen you're debt free. Congratulations. I am. Thank you so much. So how much have you paid off?

I've paid off a little over sixty three thousand. Good for you. And how long did this take? It took about 15 months. Good for you and your range of income during that 15 months.

I started out making around seventy five base salary, got up to 79 in West Side hustles and bonuses and, you know, 20 to 30 grand more to that. So I think I ended up around one hundred thousand one hundred ten thousand.

Wow, you're kickin it. Good for you.

What do you do for a living? I am a technical writer. OK, so side hustles OK in the side hustles or freelancing.

Oh man. I did everything. I started out dog walking and sitting. I whenever somebody posted anywhere, if they knew anybody who did anything, I basically like asked for forgiveness instead of permission and said I knew how to do it and figured it out along the way.

The biggest financial impact was me selling other people's stuff for a commission. Oh, good for you. Yeah, I work.

You work on the eBay or the Craigslist Rouda. OK, yeah.

Facebook marketplace is there you go. My go to good.

What kind of debt was the 63000. Well 19000 of it was a car and then 44000 was credit card debt.

Wow. Did you sell the car. Yes, I that's an interesting story. I did sell the car, the 19000. I was in the middle of paying it down and then I was in a little bit of a bad relationship and my ex shot the car. So there were some there was some credit card debt put toward that fix the car in order to sell it. But selling a car with bullet holes in it was a little difficult.

This is an ex that needs to be fixed. Yeah.

Oh, he he was xed yeah. Yes. Wow. Thank the Lord. Goodness gracious. Well, that kind of seals the deal, just in case you were wondering about what you're supposed to do with this relationship. Bullet holes will tell you that.

Oh, my gosh. Yes. Unbelievable. So you got rid of the car, bullet holes and repairs and some extra credit card debt and but 19000 of the 63 goes that way. The rest of it, you just hustle and bustle and hustle, huh? Yeah, the I didn't fully understand the ramifications of trusting someone else with my finances, and it was a really toxic relationship. I'm actually the frugal person and relationships, and it was a very costly mistake.

But I wasn't looking at income statements. I was being naive and just let somebody else handle it and realized forty four thousand dollars later that I had made a huge mistake now.

So Bullet Hole Buddy ran your brand, your credit cards up then.

Yeah. And the only reason I saw it was my my job at the time was liquidated and I started looking for other jobs and I realized how bad it was. And so I reached out to family and found a job and my aunt and uncle let me live with them, helped me get out of that relationship and just start figuring out finances.

Good for you. Well done. You've changed your whole life upside down.

Jennifer, I want to ask you, what was your emotional state? Obviously, this is a toxic or it was a toxic relationship and you discover all of this and that has to be shocking and traumatic in its own right. What was your emotional state like when you started the debt free journey and compare that to what it's like now after you've paid off that last debt? You know, when I started out, I had my emotional state was all over the place, I mean, I was devastated.

Whenever you get out of a relationship, I feel like, you know, it is the death of something, even if it's the right thing for you to do. It was really difficult for a lot of reasons. And toxic relationships are cyclical. So I felt just like a victim and like I had no control and like, I was reckless. And so getting out of debt was wasn't just for myself and my future and the betterment of my future, but it was also for me to feel completely unshackled from the relationship that I was in, like getting like.

You feel power. Yeah, exactly. Yeah, exactly.

Yeah. Good for you. I'm proud of you. I bet your mum and dad are proud of you.

They are pleased that you moved in with. I bet they are. Oh, my gosh, Ken. It's all about the proximity principle, right? You are the aggregate of the people that you surround yourself by. So when I realized I needed to surround myself with great people, I, I did that. My circle got smaller. And, you know, my boyfriend, my aunt, my my new boyfriend, sorry, my aunt, my uncle, my best friend's sister in law, brother, mom, dad.

I would I would be here without them, but it would be way, way harder and not nearly as glorious as the old metaphor, addition by subtraction, subtracting negative people, people that are toxic people that are on the same page as you. It's really huge.

Exactly. Good for you. Well, yeah. So what do you tell people now that you went through all of this transformation in the money piece was kind of in the middle of it.

What do you tell people? The key to getting out of debt is I know a lot of people talk about sticking to a budget and, you know, staying dedicated. I totally agree with that. But for me, my foundation was forgiveness. And it wasn't just forgiving him, but forgiving myself for putting myself into this situation. And any time resentment would creep back into that, you know, recklessness would ensue. I would I would purchase something emotionally.

And usually it was like brownies or something sweet that I didn't need to have as well. But I realized that by, you know, having hate in your heart, it's like drinking poison and expecting the other person to die. Right. Well, you're just hurting yourself and hurting what you could be if you're not forgiving yourself. That's so good. Impressive, very impressive, very impressive. Well, I mean, you're getting out of that as a small part of your overall equation.

It's a it's an outward symptom of your inward healing and your strength that you got back and your dignity that you got back and walking away from the shame that you were shaming yourself even as what you're saying, right?

Mm hmm. Oh, yeah. I think, you know, there are two two sides to every coin. Right. So you flip the coin. And I felt like I was enabling and I could have done X, Y and Z. And, you know, hindsight is so 20/20. So looking back here, you're looking at your decisions and you're like, man, I could have done that so differently in my life, would have been so much easier.

But you kind of you know, the windshield is bigger than the rearview mirror for a reason. You need to keep looking forward and just make sure that that that rearview mirror isn't, you know, nothings creeping up on you. Absolutely incredible.

Well done. Well done.

We've got a copy of Hogan's book for you every day. Millionaires'. That is the journey that you're on. That's the next chapter in your story. And I think we've just seen the beginning of what Jennifer is going to become. Absolutely incredible. Very, very. Thank you so much.

All right. It's Jennifer in Austin, Texas. Sixty three thousand dollars in 15 months, making 75 all the way to 110 with the side hustles. Count it down.

Let's hear a debt free scream three to one.

She threw her head back. I don't know if you can hear that she got away from the phone because she let it rip, got rid of forty two thousand dollars and three bullet holes.

Oh, my gosh. What a transformation. What a jerk. Yeah, he was tied up. Yes. This is unbelievable.

Yeah. Oh, wow. And coming out of something like that, when you're when you've not been around anything like that, coming out of something like that for those of you don't know, is a big deal.

Mm hmm. It's a really hard process.

And once you're done that getting on a death thing is really not hard.

When she said forgiveness, I hope you folks locked in on that. Forgiving yourself is huge. We have to remind ourselves we forget that we are the person we listen to the most. The most influential voice in our lives is the voice in our heads. And she nailed it. Twenty four. Twenty four, seven. What a phenomenal lady she is. Well, she's the Dave Ramsey. Ben Coleman, Ramsha personality number one bestselling author and host of the ever popular Ken Coleman Show, where he talks about careers and talks about getting a job and talks about finding your purpose.

All of those things every day is joining me today as my co-host here on The Dave Ramsey Show, Open Phones, a triple eight eight to five five two two five.

You can find Ken's show on Sirius XM on 50 plus radio stations around America and of course, on YouTube as well, and a podcast. So we put these shows out where you can find them and you can get the help that you need.

Adrian is with us in San Diego. Hi, Adrian.

Welcome to The Dave Ramsey Show. Hi, Dave. Thank you so much. I'm a new listener, so I just want to say that what you guys are doing there is just amazing. So thank you so much. Thank you.

We appreciate you listening. How can we help? So if I made a few years ago, I decided to buy a townhouse as an investment strategy. And, you know, now after listening to you guys, I just don't think it was a very wise decision. So so right now, I am 400000 dollars in debt and some renting the property. And but after you know, after paying the mortgage and the homeowners association and taxes, I end up paying three hundred and fifty dollars a month out of my pocket.

And you know, something that is coming up is that I'm getting engaged soon. And, you know, I would like to buy a home with my future wife and something. And we talk about. So, you know, so my question is, how should I handle should I just go very, you know, intense in paying the mortgage or should I just save for the home on the side? And how about selling it with. Well, I don't I don't I don't kind of want to sell it, I can.

I just want to. You should. I should. I should sell or keep it.

You should sell it. It loses money. It loses money. OK, you're writing a check to own it. OK, most investments that I have pay me. Yes, that's what they're supposed to do. Yeah. Well, itself or enough to pay off the mortgage and put some money in your pocket to help you start your life with this new lady. It's should good. This is baggage you don't need I don't think you're going to do it, but you're a new listener.

I appreciate it. It may take you a little time to think about it, but I love real estate. I can't stand real estate that doesn't cash flow.

What's the psychology going on? Because he's not the only person that's in a situation like this. He's a new listener. But when you said sell it, you could hear it was just like, huh? He didn't know that was coming at him. I knew you were going to say it. But what is the human condition there where we go, whoa, whoa, whoa, whoa.

Selling it today, why in the world would I sell it? Why is that such a unnatural conclusion for him and others like him? Well, because he's deeply invested in.

Right. The idea, emotionally invested in the idea of owning this rental property. And that is eventually going to be a great investment. Someday it's going to come back because all real estate turns out well. Real estate doesn't turn out real estate. That doesn't cash flow doesn't turn out. And you know what it does? It puts a pinch on you rather than being a blessing to you. And so, you know, when you got no equity and he has virtually no equity in this property, I mean, he got a little bit.

So he'll get out of it hole. But, you know, he doesn't have fifty percent equity position. It's not cash flow. And so the it doesn't make sense, you know, hit.

But what he was taught and what a whole bunch of people believe. The same crap I was taught in the real estate business is that if you buy this, the renters are going to pay it off over 30 years. Well, the renters aren't paying it off. You're paying it. You're paying three and fifty dollars. If they don't pay, you're paying a bunch more. If something breaks, you're paying a bunch more.

This thing is a drain on you for thirty years before it becomes a blessing. This is not a good investment. It's not the it's not a quality investment. It's a it's a liability more than it is an asset. And so that's what we get into when we buy rental properties with almost nothing down because they always pinch you. But people have this mindset of, oh, it's all going to work out. It's all going to work out. It's all going to work out.

And I'm just saying, dude, if you were marrying my daughter, I would say sell it. If you were my son getting ready to get married, I would say sell it.

And I own a whole bunch of real estate and I want you to own a whole bunch of real estate someday. This real estate owns you.

Katie is with us in Roanoke, Virginia. Hiya, Katie. How are you? I'm doing well, thank you. How are you? Better than I deserve. How can I help? Oh, I'm so glad to be talking with you about. I wanted to ask if I should quit my very stable job that I've been with for over 10 years to pursue a job that is closer to my passion, that will actually help lead me to what I feel is my calling.

It's the job I'm in right now. I feel it's sucking the lifeblood out of me. And this pandemic has given me the opportunity to really evaluate what's important in life. Why would you not? Well, fear. I know I've listened to Can and I've read all of your books. They've kind of read Ken's book.

I've read Chris's book on the like. I'm all I can take this because this is an area. But I'm curious about two things. If you made the job, if you got the job, dream, job, do you make more money or less money than you make now? There's a potential for a great deal more money, so it's more money, there's more money and a could you not interview and take that job and just simply leave the job you're in and go make more money and you're in a better job, make it more money.

And there was no gap between what keeps you from doing that. I'm going from a salary commission to a 100 percent commission job. OK, so there's a big dose of fear.

I got you now. Now I understand.

OK, and if I heard you correctly, Katie, this is not the dream job, but this is getting you on the path to the dream job. This this other opportunity. Correct.

Yeah. Yes. It puts me closer to the people, which is one of the things that you say very important. Yeah. This puts me closer to the people I need to be near in order to be into the same job I want to be. And that's a master financial coach. Master trainer, OK, which I've been doing on the side for friends and family for a long time. But that's something that I really felt in my heart was a calling.

But this job is one hundred percent salary and I have a family of six. So that's it. Yes, that's a very large.

OK, so let's break that down. All right. So so there's a healthy dose of fear here. And so the fear can be good. It lies to us a lot. But this is a situation where you've got to be cautious. Are you double income?

Right now, yes, we are. All right, so how much of so how much of your salary is of the total? What's the total income and how much of it is yours?

Peyto income is one hundred and one thousand. And of that income, thirty seven.

OK, and what has this job been offered to you? The straight commission job? I have been through one interview and I have my second interview on Monday. OK, all right.

So first of all, this hasn't been offered, so you don't have a heavy decision yet, but to begin to think about this is the right move. So here's what you need to be thinking about. So what would we need to do financially to allow for whatever the ramp up time is?

And my question is, are you far enough along in the interview process to know how long they are projecting this new company that you would start bringing in income? They know what they're doing. So presumably and you need to ask, OK, let's say that you offer me the position and I get in and I do everything and I'm successful. How long does it take for a successful person in this position to start making the income that you're telling me I can make?

You need to know that.

What are you interviewing for? What kind of position? It's a position with an insurance and brokerage. Company, OK, that's been around for over a hundred and twenty five years, and that doesn't mean that anything they weren't around 135 years in their current condition.

Yeah, the other thing I was going to tell her is do your homework on this. And if it's not a good financial move, you need to back off and say this is not the only way to the dream job. Dave, I know this about mountain tops a lot of ways up the mountain and she needs to be OK walking away from this. If this is a bad financial situation for her and her family, no need to take the risk.

There's another way. If this is Katie, if this a glorified life insurance sales walk down, I didn't even pick up on that walk away. It's a nice product. Yeah, it's a bad product. And they're going to it is not going to pay out anytime soon. And, you know, the failure rate is there's another way up the mountain. Yes. This is the Dave Ramsey Show. This is James Childs, producer of The Dave Ramsey Show.

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