Live from the headquarters of Ramsey Solutions Broadcast, broadcasting from the car rental studios. It's the Dave Ramsey Show where debt is dumb. Cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. Ken Coleman Ramsey, personality number one, best selling author and host of the ever popular Ken Coleman show, is my guest. My co-host today here on the air will be answering your questions about life and money.

Kin's area of specialty is always around career. So if you're looking for a new job, you hate your Mondays. This is your guy. He can help you with that. His book is the The Proximity Principle. And we'll be talking to him about that as we go throughout the day. But here to take your questions, triple eight eight two five five two two five. That's triple eight eight two five five two two five.

Andrew is in Atlanta to start off this hour. Hi, Andrew. Welcome to The Dave Ramsey Show.

Hey, Dave, how are you? Better than I deserve. What's up? So I am in my sophomore year Catholic college going into my junior year, and I am lucky enough that I'll be able to graduate debt free. And right now, between the stock market and my personal savings account, I have about fifteen thousand dollars and I'm wondering how can I grow that growth and prepare myself for when I get out of college?

Well done, sir. What's your degree in?

So I'm double majoring in both professional sales and marketing.

Oh, very cool. Very cool.

I walk through that campus not long ago we were down there doing some speaking in the area and I went for a walk and ended up on the campus and walk through all of this beautiful, great, great look.

Yeah, it's it's really blown up over the past few years. Yeah.

Very cool. Good for you. Well done. And great job on the money stuff. So I think you've got a pretty good mix. You got some in savings, you got some in investing and you're going to come out to start your career. And you know that transition for housing and you know whether you need to upgrade a car from your high school car or whatever.

I don't know where you are on that, but you're going to use some of those cash, some of that cash for a little bit of furniture, maybe something other than a beanbag chair from college.

And, you know, you're going to do a little bit of that kind of stuff. And that's OK. That's what that's what I have in a nice pool of money coming out of college will do for you.

You can transition much easier. So what's your career field? Where are you going into?

So right now I have an in with a company called Gartner and that's where I would really like to start my first job out. But as a leader, that's kind of the only one I'm having right now. I'm looking for an internship this summer, but I'm not sure I feel like I have all this money sitting around and not sure what to do with it.

It's not being lazy. It's there for a pad and it's there for it. It just gives you margin.

It gives you the ability to make these transitions without having because let me tell you, if you're broke, you'll take any job and oftentimes oftentimes the wrong one, right?

Yeah, that's exactly right. You don't want to be desperate. You're in a situation where you've got a pretty good idea, the type work you want to do in the type of company. So what you want to do is you want to get yourself some more options right now. I love that you want to intern. I think that's one of the best things that college students can do because it allows you to clarify and verify. And that's the process of getting in the actual field itself and rubbing shoulders, rubbing elbows with the professionals that are doing the work.

What's it look like? What's it feel like day to day. And that's the clarify.

And then as you begin to experience and immerse yourself in this field that you think you want to go into by doing that, Dave, then the verify takes care of itself, the head and the heart, the head's logic and then the emotion of the heart to say ding, ding, ding, or that. And that process is really important. So I love the idea of interning. And then I would come up with two or three other company target.

You need more than one option so that you can start working the proximity principle. What relationships do I have that allow me to know somebody, just anybody in that building to begin to learn more about the company's culture? That's another thing, Dave. We get this question. A lot of the Ken Coleman show lady call just just in the last hour and said, you know, how do I know? How do I know I'm leaving one state to go to another state.

My is going let me work remote for a while. I eventually I just can't be on my own. I want to work in an office environment which I understand that that's how I'm wired, she said. But I have such a great experience with the current company, how do I make sure that I don't get on board with another company and the culture is terrible? I said, well, it's easy. Start talking to people who know people who work there.

Believe me, they'll tell you about their company, the good and the bad. Now, you got to learn how to parse that out and go. Is this a disgruntled former employee? But you can do for your employees.

I wouldn't you don't talk to them. They're former for a reason. That's right. You want to talk to people who work there. You want to see what their vendors are saying about it. And you can find out that a company's healthy. It's not this big giant. Stick your finger in the air and it's a big risk. There are ways to find out if a company has a healthy culture.

And you tell and here's a worker, just because somebody posts something on Glassdoor doesn't mean it's dry. There's no there's no accountability of that. Very careful. There's no accountability on that at all. That's terrible. Yeah. I mean, we've had horrible experience with Glassdoor because people put stuff on there that they just make up lots and they have nothing to do with every company has got people that have left and didn't like it.

Well, you know, I can promise you they have er. That's absolutely. So you've got to talk to people actually work there and you're going to hear the right things and then you go, OK, this is a healthy culture and again, no culture is perfect. Stop making that an excuse. But I hear that a lot people a little really scary.

How do I know that's, you know, do your homework. And here's the thing. Interview. Yes. If you can get on in person and you can walk in a building, you can feel a vibe, you feel a spirit of what's going on, are these people all heads down and look like they're in a cult and they've got Zohn going through their Ausra.

They run around happy and half starving and getting work done and productive and looks like there's a little some giggling going on, you know? I mean, you know, that's what you get when you walk through here.

Oh, sure. And so obviously, it is not a you know. Some kind of crazy, you know, cult thing going on, that's just absolutely yeah, well, what's great about this, people can say whatever they want about Ramsey Solutions. Then you can come here and actually walk through the building and experience it for less than five minutes. And you're going to find out really quick. It doesn't match up to anything that you would have heard.

And so that's true for folks that listening for you to learn for yourself is a point.

That's it. Yeah. Get the eyeball test.

You know, Yelp had this problem when they first came out.

They lost all credibility as a rating service because, you know, the restaurant across the street would write a negative review on their their competitor and anonymously and just make up crap. Right. And fill up the Yelp with all negative. And so they were not vetting their their inputs.

And so, you know, it's like I told somebody this week, if if the National Enquirer runs a story that Tom Cruise that they interviewed an alien that Tom Cruise had had sex with, does that make it true? Exactly.

Well, how many times does this happen to you? Dave and I trust my friends and family members and co-workers here, but this has happened to me many times where someone has said, I have a great experience at that restaurant and it affects me. Yeah. And I say to Stacy, I go, well, I mean, so-and-so said and I've had this conversation.

I tell you, I just really want to check it out for myself. And I go, and it's not that my friend or family member who had a different experience is wrong.

It's their experience. It's through their perspective. It's through their lens. Maybe they didn't think the menu was any good, but I thought the menu was great or they didn't think the customer service was great. But my experience was great. Maybe it was a waiter that had a bad night or maybe was a doofus, you know, hostess or whatever. Here's the whole point here that I'm making. Even though we may hear something, even when you go get feedback from people that you trust, go walk it.

You have got to experience it. I want to go to the restaurant. I'll tell you what.

I want to go with that company. And then you're going to find out if the culture is right. That's right. So you don't have to be afraid about that. No, it's not a mystery if you have your antennae up. Yes. And you walk around with a smile and just be observant if you can physically get to the company. I mean, these days, who the heck knows that's true? You can physically get in the presence. You'll get a spirit off of it.

That's and you can trust that. Yeah, it's trustworthy. That feeling is trustworthy. Yeah, it really is. This is the Dave Ramsey Show. I heard a statistic recently that absolutely blew my mind in the U.S. alone, over 3000 people die every day without life insurance. What are people thinking? I don't understand how taking care of your family isn't a top priority. Use the New Year as a reason to do something right, like protecting your family term.

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Thank you for joining us, America, Ken Coalminer's, er open phones, a triple eight eight two five five two two five. You can join him on just under 70 radio stations around America now carrying the Ken Coleman show every day. And of course, it's a podcast, it's on Sirius XM and everywhere else.

You can go to Ken Coleman Dotcom and download all kinds of helpful treats to help you get your resume look and right to get your interview started, steps to the interview, the whole thing, everything about career. He's America's career coach.

Sarah is with us in St. Louis. Hi, Sarah.

Welcome to The Dave Ramsey Show. Hi. Hey, what's up? So I have a question, I graduated undergrad, my undergrad degree debt free, and I'm currently working on a law degree, paying as I go and working full time so that I can graduate debt free. Great. But I'm also contributing to my 401k and I'm doing a full 15 percent of my paycheck and my company has a good match. I've seen some articles online that seem to make it appear that the new administration doesn't look favorably on for one case and wants to possibly, you know, diminish them.

So I'm wondering if I should do anything with the four one K that I have now?

No, I have not seen that trend by anything credible, but I have no idea what the Biden administration is going to do. And we do not have the benefit of checks and balances in that they can pass anything through a Democrat Senate, Democratic Congress. So I don't know what they'll pass. I would think it would be very difficult and political suicide to screw with the largest wealth building tool in America. But who knows?

These are strange times. So it doesn't mean, though, that I wouldn't put money into it in anticipation of some bizarre political event. And by the way, that would be the definition of a bizarre political event. For him to do that in years past would have been political suicide. Today, I don't even know what that means. But so I.

I used to say things like, oh, no way, they would never do that, but I have no idea in this world right now what they're going to do.

But I don't I will continue to put money in my 401k until I have different information than I have today, which I don't have any information that's credible that makes me think it's one of the, you know, Biden administration's top priorities to do away with America's primary wealth building tool.

Yeah, I'm not seeing anything on that. That would not be an overnight result that would there would be some serious, serious conversation about that and an uproar, to say the least. And so I don't think you need to be fearful at all. I agree with Dave on that. But yeah, I mean, you know, get beyond that 401k. You know, here you are. You're off and running and your your cash flowing, your education, you're going to do very, very well.

And so begin to look at, you know, the diversified plan that we teach at Ramsey Solutions, you know, retire inspired by a great book for you at the stage it to begin to see what's the future look like and what are all the ways that I could prepare for the future. But no, don't don't be in a state of fear right now. And that's part of the problem, Dave, is I understand there's uncertainty for 75 million Americans.

Let's just be really honest. You have a very divided country and an election that obviously all kinds of stuff going around it. And and I can tell you this, I'm not a spring chicken, but I'm not an old man either. But I've been around enough to watch a lot of elections and a lot of change in power. And one thing that I just want to tell our audience, your side is not as pure as you think they are and the other side's not as evil as you think they are either.

So relax, you don't need to look to Washington, D.C. for your future. You don't and stay the course, keep doing smart things and don't freak out. Fear is never a great place to operate from.

Yeah, I can promise you this. If they do do away with a 401k, we'll be here to help you figure out what to do. That is true. Then will be right. We'll show you what to do. That is. And there's something to do. There's always something to do. There's always a way to do things.

But I really, truly I would be shocked and amazed. But I will caveat that with saying I have been shocked and amazed for right years of what these characters will pull off on both sides of the aisle, open phones at triple eight, eight to five five, two to five.

Tyler is in Abilene, Texas. Hey, Tyler, how are you?

I'm doing great. How are you, Dave? Great, man. How can we help? So my question for you today. I graduated college this December, probably the worst year I could imagine to graduate college, but that would have been 1932.

But yeah, yeah, I just started the job.

I got my bachelor's degree in youth ministry, got a job immediately after college, and I'm making pretty decent money. This January, I started the baby steps and today I just finished my thousand dollar emergency fund. Right. And my question for you is, as I start baby step two, there's a couple things going on in my life that are coming up that I don't know if I should pause, maybe step two to let these things happen or whether I should just go ahead and go with it.

The two things that I'm really looking at is I'm getting married in June and they would like to end up doing my MBA in seminary as well. So I'm kind of looking at those two things right now as well.

How much debt have you got? Oh, yeah, about 12 on a credit card. Twenty one thousand on a car and thirty five thousand on my student loans.

And what are you making? They 40 for what she makes. She's not making anything. She's in our last year of her undergrad and she'll be a kindergarten teacher starting next August, so we imagine she'll make thirty five to forty five depending on the school district.

Why do you want the indiv? Well, for my job, it'd be a pretty decent pay raise and really I really want the education mainly out of your church gives raises based on your degree.

Well, on average, it makes it easier for the percentage goes up and annual raise the percentage at your church. Yes. Hmm.

Yeah, that's interesting. It's unusual. It is. The reason I ask the question, is it and this is my position on all degrees. If it's the only way and if it's the best way, then we make that a huge priority. But in this situation and there's nothing wrong with you wanting the indiv, I think it's great that you want that further education, but I would not press pause, Dave on the baby steps. I'd press pause on the idea of the individual.

Always be absolutely waiting to demand a meeting of these debts cleaned up.

I think with your combined income, you'll be able to clear these debts pretty quickly. I don't know what her debt was. We didn't get into that. But you have a 75, 80 thousand dollar household income, 85000 somewhere in there, and you can attack these debts. And if a twenty three thousand dollar car, which is ridiculous and your setting is in your way between unattentive and moved to a 5000 Honokaa. Right. And get down, it's too expensive a car for where you are today.

You're getting married in June, going to double your household income soon. So I'm not going to make you sell it or suggest you have to sell it to get ahead. But it was a stupid purchase.

Yeah. Given the amount of debt that you have, you're coming out as a youth pastor.

So anyway, that's but now the move is definitely on hold.

And and, you know, again, it's there's furthering your knowledge is not a bad thing no further than your knowledge that creates extra income, moves it up as a priority, that creates a lot of extra income or is the only way to enter in a career.

That's a whole different thing. That's correct.

But, you know, this falls very close to the slide, the area of luxury knowledge.

Absolutely. It at this stage.

At this stage it is. Yeah.

So, I mean, it's not holding you back and it won't, by the way, in ministry, you know, in the American society, I can't speak to the rest of the Western world. But in American society, Dave, we have put a premium on education to where it is a normal thought.

And we don't begrudge Tyler on on this question, but it is a normal thought to go well. The next step, the master's degree in whatever industry it is.

It is it is so worth it. It is worth the debt because of what it's going to do for me long term. And that is just it couldn't be any further from the truth. These education folks are smart.

They got marketers and they have marketed this message. And we've got to be careful. It's not worth it's become a cultural icon. It's a cultural icon. It's an idol. If I could say that. And we've got to be careful. It's not worth the price of going further into debt.

No one ever know where you're going to cash flow that puppy or don't do it at all. Yeah. In any event, so any possible scenario. Good question, sir. Congrats on the upcoming marriage, this is The Dave Ramsey Show. Ken Coleman Ramsey, personality number one, best selling author, is my co-host today here on the air. This is The Dave Ramsey Show. Jake is with us. Jake is in Lansing, Michigan. And it says on my screen, Jake, that you are debt free.

Congratulations. Thanks, Dave.

Absolutely honored to be on the program.

Well, thank you. Good to have you. How much have you paid off? Paid off just over thirty eight thousand dollars in student loans, took me about two and a half years, started making about eighteen thousand all the way up to fifty six thousand. I'm working on it now and it feels so good to be debt free. Good for you, man.

How old are you? Twenty six, way to go. Excellent. So what kind of debt was the 38? It was all student loans, man, so what inspired you to get this going? Two and a half years ago. I've actually been a long time listener, I have memories riding around in the car with my dad when I was about eight listening to you. So I just always. Was always a dream of mine. My dad pushed me.

I want to thank my parents for pushing me to do it. And yeah, so well.

So when you graduated, you just took off and did it or what? Pretty much, I mean, I was living the rice and beans, beans and rice for two of those two and a half years, you know, I went from building fences to working in it. So, yeah, I was just went and did it. Wow. Tell us about that journey.

Building fences to breaking into the technology field. What that look like.

Yeah, I, I graduated, had a tough time finding a job. I just needed money. So I took a job building fences. I was, I was doing dentist for ten dollars an hour in the freezing cold. I was like those stocks, took another job, took another job at at a corporate office here in Lansing doing data entry, worked my way up, got an opportunity to jump over to the I.T. side, cut my teeth there, got another opportunity.

Hopefully I'll move up again. Just just keep hustling my way out. I love it.

I tell you, it's nothing like a ten dollar an hour job in the freezing cold manual labor to get you motivated not to get your butt in gear on it.

Yeah, well done, Jake. Well done. OK, now your friends are out there, you're talking to them. They got thirty or forty thousand dollars worth of that. And they say, hey, man, how'd you do that? What do you tell them? The key to getting out of debt is.

I just pointed out to you, Dave. Yeah, but what did I tell you to do that you went and did? Oh, yeah. I mean, you've got to cut your lifestyle. You got you've got to be jazelle in times. You got to just attack the debt because it feels so good on the back side of it.

So well, you go back in debt. Heck, no. But what about your car, your next car? No, I've got I just I've just completed baby step three, I'm saving up for a down payment on a house. Hopefully my car will make it a couple of years. But if I need the cash, it's all cash. Now you go. Wow.

Well done, sir. I love it. Proud of you. Congratulations. Very good. And say it feels good on this side, huh? Oh, it feels fantastic making that last name and I was like a weight lifted off my shoulders, you know, I'm proud of you, man.

Well done. I know your parents are as well. Excellent. Excellent job. All right.

We've got a copy of Chris Hogan's book for you every day, millionaires. And it will certainly show you the next chapter because that's one that's the track your own brother. You're going to be there before you know it. Excellent job. Very cool.

All right, Jake in Lansing, Michigan. Thirty eight thousand paid off in two and a half years, making 18 on the fence line, up to 56 in the art world.

Count it down. Zero debt free scream.

Three, two, one, oh. Very good. Excellent job, very well done. I suspect, Dave, that somebody else in Lansing heard that there was next door neighbor. Anyway, our question of the Day comes from Blind's Dotcom. Find out for yourself why Blonde's Dotcom is the number one online retailer of custom window coverings. You get free samples, free shipping, and with a new promos, they run every month. You'll save even more. Here's the promo code, Ramsey to get the best possible deal.

Today's question comes from Melissa in Pennsylvania. She asks, I feel like I've lost my passion in my current career field of it. How do I tell if it is from burnout or a loss of interest for the work itself? OK, I love this question, Dave. I get this all the time. So let's first start with that burnout. It's not from burnout, so burnout is a symptom. OK, if, if, if, if I've got an injury in my knee though, the problem isn't the actual pain.

I got to find out what's causing the pain. So I go to the doctor and we're going to dive in. And so when I hear somebody talk about burnout, burnout is a very real feeling, folks. It comes with mental and emotional effects. It can also have physical effects. So I don't want to in any way minimize it. But there are causes of this feeling of being burned out. If you're alive, well, you're not burned out when you go into eternity or the flames gone.

So I get great news for you, Melissa. You're not burned out.

But this loss of passion, that's one of the five causes of what I call Dave buildup on the heart. If I keep coming in every day and I don't have any juice for the job, I don't love the work. Eventually it just becomes a utilitarian function. It's a job and I get bored, which is another cause maybe she's dealing with toxicity in the workplace. Could be a lot of things. But when someone says I've lost passion, so what we have to say is, OK, why, if you lost it, you had it.

So if she was talking to you on the Ken Coleman show, she called in here today and you could call and I'll talk to you if that's you right now. Here's what I'm going to say. If you had it, let's go back and look to the time when you had it, when you had passion. What's changed? And therein lies the answer to when someone says, I've lost passion, we go, well, why do you why do you not love anymore?

Well, could be because of a variety of factors, environment in the office. It could be that that you're bored. You haven't been challenged in a long time and you've actually mastered addictiveness. Yes. And when you first started it, there was the zeal here. But now you're done 10000 times.

It's repetitive and we as humans need progress. So I would not assume, Melissa, that you've lost passion for it work. Let's find out what you loved most about it at the time, what you still love doing, what work you love to do. And we walk through this with people. The sweet spot is at the intersection of talent, passion, mission, talents. What you do best, heart skill, soft skills. Passion is work you love to do.

It's not about notoriety or pay. You just love the work itself. And then finally, mission will all work creates results, Melissa. And so what are the results that you want to produce? And here's what I can tell you, Dave. She's not currently producing results. It really fire her up. She doesn't see them.

She didn't tell you. It's a problem in the technical world. It is. And we've solved that at Ramsey. And so we're getting some of the best tech. And, you know, web architects are platform designers. Everybody else in the world are coming here, some of the best in the world, because they get to see that when they write a line of code, when they lay something out, it results in this person being helped. And so many times the tech department gets stuck in a basement and they're just they're just they're just salt mines.

It's right. And and they work a thousand hours a week and work them into the ground instead of let them have a home life. And they're just treated like robots, like a commodity. That's right. You burn them up and throw them out, burn them up, throw them out. And that's that's often done in that world. We've gotten we've been the benefactor at Ramsey of hiring people, trying to get away from that. So I could be the repetitiveness.

It could be that just leadership has. Made the mistake is a gentle way of saying it, of not letting the tech guys and gals see how their work is connected to the net result of the company.

And that's why you always go back to am I creating a result with my work that I can look at and say, this matters deeply to me because I can see the significance that it is having a workplace. You know, folks, this is a stark reminder. But I'll just I'll just lay this out there, Dave, because we got millions of Americans that are miserable on Mondays and and back in in in in one of the worst things about the concentration camps wasn't just how they treated the prisoners physically, Dave, is that they broke them down mentally the way they did it, as they would have them do meaningless work, move a pile of bricks from one side of the concentration camp to the other.

And I've read the stories from survivors and that killed them as much as anything. This lack of meaning I'm doing meaningless work. Got to pay attention to this, folks. This Frankel talked about that his book was literally titled In Search of Meaning. There we go to This is the Day Ramsey Show. The. Ken Coleman Ramsey personality is my co-host today here on the air. No parent ever wants their child to experience the panic of being unprepared for an emergency.

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That Billy is with us in Dallas. Hey, Billy, welcome to The Dave Ramsey Show. Thank you. Good afternoon, Mr. Ramsey and Mr. Coleman, it's a real pleasure to speak with you today. You too, sir. How can we help? Well, I guess a little background information. My wife and I are both retired, and we were blessed to be able to completely build and pay for a vacation home a number of years ago. Wonderful.

We actually we actually bought the real estate, the property about 30 years ago and then built a vacation home there about a decade ago. And as life has progressed, we decided last year to sell that vacation home. It was never used as a rental property. It was just a family getaway currently. And for the last several years, my wife and I have been blessed beyond belief and are able to live on nickels and dimes pretty much. And I've never been able to find an answer to how to calculate the capital gains on the sale of that vacation home.

Or is capital gains will actually need to be paid.

There will be whenever I file taxes, you just check with your tax advisor or check a tax help Dave Ramsey Dotcom. But your basis is what you paid to build it, plus what you paid for the land and you because you know, you've not appreciated it at all. No, sir, that's correct.

What I've seen is that capital gains taxes are zero up to a certain level of income for a married couple filing jointly. And so I guess my question is, does the sale and the proceeds of that vacation home count as income during that particular year that it was sold? I don't know.

I'm not very good at taxes. I'm sorry, Billy. I think it does as far as I understand. But I want you I really want to get some professional advice on this so you don't have investment income. We we do have taxable retirement. We have a retirement income, but we've not taken any proceeds from the retirement income yet.

So none of it's none of it's taxable right now. No. Any of my IRAs and and that sort of thing. I rolled over based on your advice. I rolled over my four one kay and the the pension plan when I retired about six and a half years ago into IRAs. But we've been, again, fortunate that we've not had to take any major withdrawals from those retirement accounts now.

So my guess is it's going to be taxable at a capital gains rate. I do not know whether the income's going to count. I think it will count and we'll drive you up into that. And so you're probably going to have a 15 percent capital gain on the actual gain. What do you think you've got in the property?

Well, we we actually sold it for three hundred and sixty thousand and as close as I can calculate our what we paid to have the home built and paid for the property is about two hundred thousand. OK, so you got 160000.

Even the only question is how much is taxes going to be on it or how much of it's going to count towards this equation? Yeah, yeah. I mean, the truth is, I you know, I know, you know, you have a gain there.

I don't know, with you having virtually no income, whether you can be able to duck under the 15 percent or not. And that's a technical, tactical question.

And so I'm going to have to I'm I have to tell you to do what I would do, which is I would have to pick up the phone and call my my tax guy and my LP, my indorse local provider for taxes and get some help with that. And that's what I'm going have to have you do. I'm sorry. I wish I knew the answer.

But we do know you do know how to calculate your gain. You've got that figured out and it's going to be at 15 percent if there is a gain or nothing.

If you're low enough and it doesn't count and this doesn't drive you up above that limit. So I don't I don't know how that can. I don't know how that works exactly. Sorry.

Open phones at eight, eight to five, five to 25.

Again, I should let you jump in because you really you're like a tax expert, right? Yeah, yeah, yeah. I'm a tax expert. Is is it. I like to not be taxed and I think I'm a tax expert in that. I don't believe we should be taxed very much at all. And yeah, it's all about political opinion is where I stop. I'm an expert on my opinion about what I think that's. But that's why we have your piece, by the way.

I think it's a great illustration to say even with you, it's complex stuff. You don't know we all need to tax.

And this is a weird talk show because you don't have any talk show hosts that actually will tell you. I don't know if that is true. That's a new truth in broadcast.

Unusual and hear that radio because they want, you know, those of us on the microphone to know something about everything. All right. Susanna is with us in Tampa, Florida. Hi, Susanna. How are you?

I guess I'm not doing as great as you are. Oh, sound great. Oh, but I'm a little bit embarrassed and also distraught because my question is not as wonderful as all the other questions. So it's very lucky. No, it's OK.

What's going on right now due to cosied and due to being laid off from my job eleven months ago, I had to cancel my insurance policy, my life insurance and my one and only son that I was saving for. I do have an IRA sixty seven thousand and I do have my about maybe two thousand in cash put aside. I do have one small one a lot, a lot of credit cards due to covid. But my, my question is I'm having difficulty getting another policy at my age.

Obviously you can tell sixty five and, and it's mainly for my son but also to pay off, you know, if I have anything left over, I don't know how much I will lose your son.

He's twenty three. And why are you required to buy his life insurance? No, it's my life insurance that I wanted to leave for him. No, you don't need to do that. See, I did it because and I won't say the last thing I watched someone called Susie. What you know, who said you don't need life insurance to keep paying three hundred five hundred a month. You should cash that out and put it in a CD or something.

Well, me and she agreed, but well, I'm glad to hear that. But I'm having difficulty finding a place to do that.

Yeah, but the point is you don't need to buy life insurance on a 23 year old and you don't need to buy life insurance on you to leave the 23 year old something the 20 year old 23 year old needs to make his way in his life and and not leave his mother with this burden right now.

So, Mom, you don't have that burden. That's easy now. And you don't even need life insurance on you. You've got enough to bury you if something happens. And so you're good. So now all we've got to do is worry about getting your career up and going because you're starving to death, because you have been working. And credit card debt, which I haven't slept since last February. How are you doing? The kind of work were you doing?

I believe it or not, is working at the airport, originally working with an airline, got laid off with that and then moved on to put a check in and boarding passes for the passengers in front of TSA.

And that's gone now to. Don. OK, so I'm doing over when I can. And finally, trying to find a way to pay credit cards off and not eat too much. Yeah, well, the reason you have credit card debt is not covered.

The ratio of credit card debt. Has it affected your career? You lost your income.

Now, that is a reason that people get into debt and that's for real.

So what we've got to do is hang on, I'm going to have Keli pick up and we're going to get you on the Ken Coleman website, let you download some things to get you some ideas on some things to start creating some income and get some interviewing going. Because what you have, more than anything, honey, is a career crisis. Yeah, you have an income crisis. That's right. And so if we can get that fixed, the rest of this stuff going to start to fix itself and quit supporting the 23 year old here, you know, circumstances.

Is that OK? Especially with all the things you're facing? You got enough irons in the fire without him for him to get it, get on with his life a little bit.

That puts us out of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, hang on, Ken Coleman, and I'll be here. This is James Childs, producer of The Dave Ramsey Show. Once again, you made The Dave Ramsey Show, one of the top four most popular podcast last year to get your daily dose of motivation and inspiration from the Ramsey network or follow today, wherever you listen to podcast, feel like you're in a rut and living life, just going through the motions, build confidence in yourself and learn to trust the God who created you.

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