Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios, it's the Dave Ramsey Show where dad is Don. Cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host, Chris Hogan Ramsey personality is my co-host today. Here on the air, open phones, a triple eight eight two five five two two five. That's eight eight two five five two two five.

Lin and Minneapolis starts this hour of Hi, Lynn. How can I help?

Hi there. Thanks for taking my call. Sure. My dad passed away unexpectedly about six months ago and thank you. He and my mom were just starting the process of setting up their trust. And so nothing has been finalized or written down, mostly just finding their estate estate lawyer and talking about things. And so I'm trying to help help my mom figure out what to do. Now, she is debt free, but she lives on my dad's my dad's inherited family farm.

There are three of us kids, and my dad really wanted to ensure that a family farm stayed in his family's name. So I am one of three, like I said, and I have a sister and brother. So it is intended that my brother will inherit the farm. But my dad's wishes also were that upon my mom's death, that the kids kind of split the assets equally financially, I guess. And so they had talked about. So they have they have to tillable acreage that they rent out every year brings in approximately thirty thousand dollars.

And the farm is a small farm valued at around a million dollars. And so their idea was potentially that my sister and I would split the farm rent for about twenty years. And then at that point, everything would become my brother's my only my my husband has a concern of being in a financial agreement with siblings for that long and was hoping there would be a better kind of a one time solution. My brother is not in a position to financially buy out person, my sister and I at around six hundred thousand dollars.

And so we're just wondering if you have any advice on how we could fulfill my dad's wishes.

OK, so your mom is your mom is old.

My mom is seventy. And how's her health. Very good. OK, and so there's a million dollars worth of dirt. Yes, and that's it. That's it. There's no other money and there is approximately one hundred thousand dollars maybe.

OK, and so the story, your mom is the owner of all of this, right? Correct. OK.

So really, all we're trying to determine here is how to set your mom's will up.

Correct. OK. All right. Just making sure I'm clear on what you're asking. And so how do we get your broke brother 600 grand to buy out you and your other sibling, right?

Yes. Yes, very difficult. We yes, we did have a financial person suggests to us that my brother take out a hundred thousand dollar life insurance policy that she has.

That only helps if he does. My mom. Oh, yeah, I know. But that and that's a wonderful idea.

If you can get term life insurance on your mom for 70 or 70 years old, is she healthy?

Right. She's healthy, yes. And it came out to the quote, came out to like seventeen thousand dollars a year, which is just not affordable. My brother.

Well, it's not affordable for anybody in this deal. There's no money in this deal except that you're so right.

Well, I mean, obviously, your brother could farm the land and go get a mortgage to buy out his siblings. Yes. Yeah, and so what I would do is just set the will up to say, you know, for the first X number of years and he farms the land and gives you the process.

It gives you a mortgage, the equivalent of a mortgage payment. And then he has to go get a new mortgage to take you guys out at the end of whatever number of years, three years, five years, 10 years, whatever. But I'm with your husband that in perpetuation, this is a bad idea.

Yeah. And Lin, unfortunately, there's not a quick fix to this, meaning, you know, your brother can't just go get 600000. So you all are connected as far as this property is concerned for the foreseeable future.

So really, your part is like 300 grand as of today's values anyway. Correct. And your household income is what? My household income? Mm hmm. About 80. OK, don't build your financial world on getting this 300 grand. Mm.

I, I don't think that we are good. My sister lives out of state and that neither one of us good.

And that allows lots of patients to let this unfold. So the property does not your brother doesn't end up losing the property trying to make you happy because you built your world on this three hundred grand and very difficult to get.

So you're saying he let him because he would not farm the land? He's not a farmer, so let him have the rent and then can take out a mortgage.

So why is if he's not a farmer, why does he want to end up with the land? It's been a while, so you live in the farm, there's a homestead there. There's the hunting land there. It's just some of it.

What is this and what is his income? I would say around 60 maybe so he needs to win a million dollar farm as a gentleman farmer, why? Except that we want to keep it in the family. I don't know, somebody making 60 owns a million dollar farm.

Well, it's a century farm. It's been in our family.

Get that I'm talking about. He can't afford this farm. Well, he does have his own property also. He can't afford the farm land.

Are you hearing, Dave? A guy making 60 cannot afford a million dollar hobby farm. But can we afford to? Yeah, OK, he didn't inherit it, the only inherited one third of it. Right. You're skipping forward.

What's what's his what's his other property worth once?

It's probably worth three hundred, OK. He sells that and uses that money to buy you guys out. You give him a discount and he goes and gets a small mortgage. OK, well, he needs 300 more and he sells his property for 300. So he's 300 short. And you guys give him a discount on that. Three hundred because you're not because you're trying to keep it in the family. And so each of you take a hundred in addition to his land and he goes and gets one hundred thousand on a mortgage making 60.

He can do that. Yeah, but I don't need him signing up for six hundred thousand on a mortgage. And, you know, you can't look at the bank when you can't pay the bill and go. But it's a century farm. The bank goes. So why.

Yeah. And so we can't put him in. We can't pay him into the corner. Dave, listen, there's a whole lot of talk and a whole lot of planning, but nothing written down. That's the danger in situations like you've got to get it all written out.

You have to it has to be part of the whale, part of the agreement. Everybody's got to understand. And you have a reading of the will where you pass. Let's go and get all this out. Open phones at eight, eight to five, five to two. People all over the country are discovering a faith based and budget friendly way of meeting health care costs through Christian healthcare ministries, Christian health care ministries, or CHF, is a nonprofit organization that helps members carry one another's burdens with health care expenses.

And they have successfully shared each other's medical bills for nearly 40 years. CFC h m is right for you by visiting S.H. Ministries. Big c h. M is a proud sponsor of Dave Ramsey live events.

For Ramsey personality, as my co-host on the Dave Ramsey Show today, Brian is in Cleveland, Ohio. Hi, Brian, how are you? And Chris, how are you guys? Great man. How can we help get good? So, first of all, I just want to thank the both of you. I wish you guys to show all the time. My wife and I started our journey last November. We paid almost twenty thousand dollars off the way to go.

I'm really excited. Yes. Thank you. So my call actually is about me, my parents. I'm really emotional about this. I apologize. I'm sorry. I started my dad free journey because of them. They struggled with money. They've always been there for us. They're wonderful people. So they've struggled with money. They were heading into retirement here in the next couple of months with a lot of debt. Mortgage was eighty thousand and I think the same amount in credit card or vehicle debt.

Well, we found out yesterday that they actually just won a lottery here. They won three hundred and forty thousand dollars. I want to make sure that I mean, I want to help guide them the way you guys can help me and what they should do with their finances. They're going to pay off all their debt. I just didn't know what you would recommend they do with any remaining money as far as investments or savings and stuff along those lines.

So. Well, three hundred forty thousand dollars is wonderful.

And if you send me a check for that, I'll cash it. OK, absolutely. But let me tell you what happens with people that. Don't have any money that are broken in debt and they went three hundred forty thousand dollars, their brain tells them it's 34 million. Right. And I don't want to sound snobbish, but it's not that much money. Because they can screw this up real easy, OK, it's not so much money that they don't need to become very, very serious about the subject of money because it's still they still have a lot of problems.

This does not set them up for retirement. It helps, but it doesn't set them up. And so the first thing I would coach you to tell them is to try to help them get their head around.

The emotions of this is not that much money.

So I still need to learn to behave, you know, because if they don't, it's going to just evaporate and they're going to be in and out.

Let me tell you, seven years I'll be sitting right where they are today if they do not change their mentality about money because their money problems are symptoms of their behaviors.

The behaviors are the core problem, so that's not to shame them or beat them up when I went broke, it was because my behaviors made me go broke. I did stupid but stuff, and it always knocks you upside the head, you know what I'm sayin? Why does it and they have been and they've been doing this their whole lives, not because they're bad people, they're wonderful people, they just suck at money.

OK, so I don't want them to think this heals that, you know, that's what I want to break.

Big deal us if we can get inside their psyches and lovingly let them admit out loud and admit down in their guts that this is not this much money. But if I play my cards right, this could be the thing that's going to make it OK, even though I've messed up up until this point. So first thing is, yeah, we're going to get out of debt, then we're going to do some investing and Chris can walk you through that.

And then we're going to put them into Remzi plus where they go through Financial Peace University. I'll pay for it.

So they just hit the lottery again because that's worth more than three hundred and forty thousand dollars, by the way, know because over the scope of their life that when they change their behavior, they're gonna have a lot more than three hundred forty thousand dollars, even though they're approaching retirement age now.

And Brian, I have worked with people I've been with they 15 years now. I've worked with people that have hit the lottery, much larger dollar amounts. But I'm going to tell you the story of the people that do it well are the people that get connected. They understand the game plan and they start to walk through the baby steps rather quickly because they have that. But here's the ones that didn't do it well, the ones that, as they've talked about, thought that this was enough to set them up.

They didn't change their habits. And these are the people within two and a half years have gone back into debt, gambling or doing something to reach for that other savior.

And so I would tell you, it worked once. It did happen again.

So, Brian, you can guide them, but you can't be that person, OK? You can guide them. But ultimately, how they choose to handle it, you would I'd get them connected with some people that are really going to love on them and walk with them. But but that can't be you.

So let's let's do a couple of things.

One is we'll put them into Financial Peace University and Ramsey, plus I'll pay for it for a year so that they can have the chance at this turning their lives around. And it can be a blessing in that regard. If they do not change their habits, the money is going to be wasted and so will this effort. So this is this is their shot, this is their opportunity to reset. Mm hmm. OK, and you've got to get that through to them then.

The second thing is jump on, as Chris said, let's get somebody in their corner. Jump on it. Dave Ramsey, dot com click smart vestor. Yep. And then when all the debt's paid off, we got the emergency fund set aside. Whatever's left, let's throw that towards investments. And I would hold out three or four thousand dollars to blow and enjoy.

Mm hmm. But not thirty thousand dollars. It's not that much money. So you pay off the house, you'll be back in debt, you pay off the cars, you'll be back in debt. You do all this, you'll be back in debt. If you don't get on a budget or have your emergency fund and live on less than you make the rest of your freaking lives. And then they're going to have a lot more than 340000 a decade from now.

We're really well and bright. Also reach out to one of our taxi Obie's. They need to go ahead and get a full view of exactly how this is going to impact their taxes on a federal and state level. Probably going to take half a year, go hit them, it's going to get hit. And there might not be any money left after you pay off the debt and pay the taxes.

It really may not. But either way, as they've said, it can be a blessing or a curse. It just depends on how they view it and what they do moving forward. My friend, and thank you for calling us.

Yeah, intentionality. Intentionality builds in Lansing, Michigan. Hey, Bill, how can we help?

You guys are doing great, man. What's up? First of all, I think you go to class and my wife and I have been listening to you guys for about a year now, and you paid us forty three grand of debt in seven months. And she's been awesome. So wonderful. Good for you. So my question is, we have three kids of a nine year old, two year old and a seven week old. And we just started getting into life insurance stuff with them, with my wife and I had term insurance, but we signed them up for insurance, too, which I thought was going to be a term plan.

But no one would sign up their whole life policy to cancel them. And so there are companies that do term or is it just not worth it? Can you do like a writer and say, I don't really know much about that realm and talking to an agent about it? It's just a sales pitch, so it's hard to have that conversation with them.

It's not all their pitching you are. It's a savings program. They're bad policies. Just you just cancel them if you want life insurance on the kids. I would only do that until you had an emergency fund in place. Do have your fully funded emergency room?

We do. We have. Where you don't need and you don't need insurance on the kids.

OK, because let me let me be cold hearted, maybe cold hearted, and let's just talk mathematics for a minute. God forbid a child were to pass away, which we can't even put our heads around that. OK, but just let's just say that happened, which is what we're talking about, life insurance. OK, your household does not lose an income because of that.

Your term life insurance on you is to replace the income that you create for your family if you were to pass. But when a child says we don't lose an income, the only money affect there is other than lots of tears and lots of other things. But the only money effect there is, is you've got to cover final expenses, burial and funeral, and usually 10, 10 grand or under do that and you got your emergency fund.

So I would just cancel these and not worry about it personally.

Chris, what do you know, Bill, that on canceled these? Unfortunately, you can have some unscrupulous people reach out and grab you by the heartstrings and let you down a path of blowing money. And essentially, that's what this is. Again, life insurance is to replace an income. Your kids don't have an income. That's why you have it, buddy. So cancel that and stay away from the people that try to sell that to you.

And one of the one of the pitches is always, well, they may become uninsurable while their children are less than one tenth of one percent. Do some absolute baseline. This is the Dave Ramsey Show. When we talk about giving like no one else, I'm always impressed with Zander Insurance over the years and he has donated over three hundred thousand dollars by pledging twenty five percent of all sales of their I.D. theft protection plan to a worthy organization this holiday season.

They've selected Team Rubicon, an amazing veteran led disaster relief organization. With Zanders plan, you'll get the smartest, most affordable ID theft protection available, and you'll also be helping an incredible organization visit Zehnder Dotcom.

In the lobby of Ramsey Solutions on the debt free stage, one of our own Ramsey Solutions, family members, team members here, Ashley Kraft is with us. She's one of the creative recruiters. That doesn't mean that she's creative as a recruiter.

It means she recruits creative people, is creative as a recruiter, though, too. So. And her husband, Joshua. Welcome, guys. Thank you. So how long have you been with us? I've been working at Ramsey for about a year and a half.

OK, cool, cool. I thought it was about that amount of time. Just verify that. So how much debt have you guys paid off?

We've paid off one hundred sixty nine thousand dollars. One hundred and fifty six.

Wow. And how long did that take? Just under three years.

Three years. OK. And I won't ask your income since you work here, half of your teammates, you're standing around completely unfair. But what kind of debt was one hundred and sixty nine thousand?

Pretty much everything. We had car loans, student loans, credit cards, iPhone payments on AT&T, everything kind of normal. Just anything we wanted. We bought it and had a payment that made you normal.

How long you guys been married for? Two 1/2 years. Yeah, almost five.

OK, so you're married a couple of years and something happens and you went, I'm getting out of this mess. Tell me about it. Yeah.

So, I mean, it's really just when we're dating, we think we're going to combine our incomes and just be set. You know, we're going to have double income. And six months in, we were broke. And I mean, just every week it was checking our bank account. Can I buy at the grocery store? You know, can I get gas today or don't need to wait till tomorrow? And it just wasn't working for us and really just kind of hit that point where we had to change it.

Yeah. So what'd you do?

So actually, I was listening to the podcast. My brother introduced me and Otterman, OK, and kind of started thinking about it and visiting my family. I found an old old CD pocket. Wow.

And from like, I don't know, fifteen years ago, another one without the other one.

Yeah. Leather. It was a real leather leather kit. Right. So I brought it home and I was nervous to talk to her about it. I didn't know how she'd feel.

But I love I'm the spender. I'm the free spirit. Yeah. So we listen to it on a car trip straight all night lessons. And I mean we were on board from that. Wow.

OK, yeah. So you had the stress point and you feel like, oh, and then the CDs come along. So actually at what point on this car trip, what were you listening to when you went. I think where you need to do this.

Well it was actually beforehand. So when he brought that up, you get home from Nashville, Tennessee, which is where he visited his dad, he brought it home and he was nervous to tell me. And he came and he said, are you sick and tired of being sick and tired and broke? I was like, yes. And so we went downstairs and for the first time ever, totaled up all of our debt. And really, it it it was heartbreaking to see.

And so at that point, it was the moment where I knew we either do something drastic or we're going to be in this for the rest of our lives. And so that heartbreaking moment was really when I said I am the free spirit, but I want to be a free spirit later with me and be able to serve differently and live differently. And we have a 11 week old. And so we just wanted to change our family tree for our daughter as well.

Yeah, that's true. Yeah. And so it it wasn't hard once I saw that. No. And once I had a plan, once I have a plan I can get on board. It's kind of the process where you have that Oh crap moment. Yes. And then you go OK, something's got to give. Yeah.

And that's, there's a I think there's a moment there where we all grow up and you just go, oh yeah, yeah, change this.

Yeah, yeah. It was a three hour silent period where we just kind of stared at the numbers and I just didn't know what to do.

You wait on the street. Yeah. And they don't. Yeah, yes, yes. And I can't be real.

I married into most of our debt to a lot of it was his student loans and he didn't have his degree yet. And so it's really hard for me as his new wife to accept that he has all this student loan debt. He doesn't even have his degree like this is ridiculous. And so it was a moment for us to accept what we've done. And I had some of it as well. But for me to really say we're going to tackle this together and I still love you, but this is something we have to tackle together.

So when you're recruiting a creative, do you talk about your personal story at all?

Oh, 100 percent, although. Yes. So, I mean, getting somebody creative to come to work on our team, someone in one of our many creative positions that we have around here.

So and because you're you're responsible for hiring four or five people a month, aren't you? Yes, roughly. Yeah.

OK, wow.

So this this is it's really come I mean and then you come over here halfway through your get out of that journey and come to work here. Yes. How does this happen.

Tell me about that. Yeah. So partway through our journey actually really closer to the beginning, Josh worked like four or five super random jobs. I decided to start a calligraphy and design business and. So I am a creative and really I was working a job that I absolutely hated, but I had to work because we had so much debt and I couldn't do anything except work. And so for me, partway through our debt free journey, I didn't want to hate every day I wanted to thrive and what I was doing.

And so I decided I'm going to find work that I love right now and I'm going to find a job that really makes an impact. And honestly, this is the only place I wanted to work. So I applied, accepted the job, and we absolutely love it here.

So you guys moved here? Yep. From Louisville, Kentucky.

OK, all right. Cool. And what do you do, Joshua? I work at Schneider Electric. Oh, yeah. OK, very good. Yeah, excellent.

Well, way to go. All right. Now you've done it. You're heroes. One hundred and sixty nine thousand. What is the secret to getting out of that?

For me, it was just kind of just being able to go to work really was the first one. And then not caring what people think. You know, you really have to swallow your pride when you sell your nice car and you start driving to work, you know, just a piece of junk. And, you know, just knowing that people are seeing you're seeing the changes, you're making it just being OK with that. That was mine.

Yeah, I think I mentioned it earlier, but just really accepting the fact that we did this and you have to really look yourself in the mirror. And that's the hardest part, is to kind of forgive yourself for all the mistakes that you made and realize, oh, we we need to get out of this. But that's that's the hard part. And then again, I'm the free spirit, so I love spending money. Saying no to yourself is really hard.

But I think keeping your wife front and foremost, one of the things that we did all the time was we had dream dates and so we'd go out to dinner and we would or we'd make dinner and we would just talk about what is our way to keep that front and center that was really important to us.

And we loved our dream dates.

So that's really neat. Joshua, would you find out about this young lady throughout this journey? She is really just unstoppable if she puts her mind to it. There's nothing she can't do. I mean, she started her business and just really see it as being through this whole process, just seeing how just she can just do anything.

That's awesome. Ashley, what about you? What did you learn about Josh?

Well, he loves Excel spreadsheets, and I hate them. Oh, he is our nerd. And I love him because I don't think like that. And I come to our budget meetings that I hate them unless there's like a Category four both for our daughter, something cute. So that makes me happy.

Very fun. Very fun. All right. Are you going to put Everleigh in the shot here? Shaffir in there. So way to go, you guys.

We're so proud of you. We've got a copy, a Christmas book, but you probably already have one your own definitely in the next chapter here to be every day millionaires. And how old is Everleigh now? She is 11 weeks. 11 weeks.

Oh, my gosh. Just barely over. There we go. No, she just screamed. I'm dead free. I heard her. She's better now. That's awesome.

All right, Josh, what? Actually, in devilly, one hundred and sixty nine thousand paid off in three years. Count it down. Let's hear a debt free scream.

Three to one where free. That's so cool. Perfect. I love it. 11 weeks old screaming dead for he's pretty cool. I don't care what you say. The youngest one ever right there. I think it might be it really at least on the stage in front of us. Yes. And somebody might have had one in the background of their home or something. But listen, I can tell you from the center and the picture going around out here and seeing the team members and people that she's impacted, recruited and worked with being out to celebrate this place.

Ramsey Solutions is a different place. And it's just displayed when you see team members smiling from ear to ear, grinning, rooting for another team member who's crossed the finish line. That's something special. People that special. Absolutely good family. Well done. You guys were so proud of you. Well done. I love it. This is The Dave Ramsey Show. And our Scripture of the day, Galatians one 10 four, am I now seeking the approval of the man of God?

For my trying to please me, if I were still trying to please a man, I would not be a servant of Christ or in Venice becoming a leaders phenomenon synonymous with becoming yourself.

It is precisely that simple, and it is also that difficult. Well, there you go.

Open phones at eight eight two five five two two five. Chris Hogan, Ramji personality is my co-host today here on the air. Allison is with us in Hammond, Louisiana. Hi, Allison. Welcome to The Dave Ramsey Show.

Hi. Thank you very much. Sure. What's up? So we just move to Louisiana from Maine about two months ago, me and my husband, we and I've been trying to find a job down here that I like and it's not working. So now I have two jobs. I work Monday through Friday. I'm a tire mechanic at a shop, and then I work at a Harley-Davidson store Saturday and Sunday. And then I'm actually in the National Guard also.

So one weekend a month I'm going to drill and I want to go to school. But with having a schedule like that, I'm just trying to break even on the bills right now. I'm not trying to make a million dollars. I mean, like, I'm trying, but it's not working out. So I don't know how to balance work and trying to go to school at the same time while still paying all the household bills and. Creating a plan watch her husband make.

He's on a tugboat, so he makes one eighty five a day. He works twenty one days on, 14 days off. So it's a yes. So he's making 50 grand a year, 40, 50 grand a year, right? Yes, about. Yes. OK. And why can you not make your bills if he's making 40 or 50 grand a year and you're working? Yes, it's just. I don't know if it was because of the move and we had to spend a lot of our money to get down here and get all our stuff down here that we don't have as much safe anymore.

How much do you have? We have two vehicles and I have a credit card of five grand and a student loan for five grand.

OK, we are. And what do you own, the cars? My car, I own 19 and his he owes 40, I think. OK. Forty thousand dollars and he's on a tugboat twenty one days out of thirty for that dadgum thing to sit in the driveway, that's dumber than a rock girl. I know you're going to be mad at this part to this A and I don't know how to get out of it. That was the main thing I would love to get out of.

Yeah, you need to sell both of these cars. The reason you don't have a life is you gave it to the dealership. You're in slavery. Both of them have to go, so the way you do a fleece and get out of it, you're going to get out of it if I tell you how. Yes, and you can tell tug boy, boat tug boat buoy, his car is gone right now. Don't text him. Wait till you talk to them.

I'm serious. This stuff is killing you guys. It's not the move that got you. It's these cars. You have sixty thousand dollars in car debt and your household income isn't even 60 grand.

I'm so sorry, honey, you're I'm just I'm mad for you that I just screwed you this bad and you let it happen. Oh, my gosh. All right, so how do we get out of it? So here's what you do.

You jump online and find out what the stupid car's worth. It's not a car. It's a truck, isn't it? Yes.

Yeah. OK, we've been down this road a couple, so.

All right. Me too. I'm not laughing at you. I'm laughing with you. I just it's the same exact stuff I would have done when I was 25 or y'all.

25, 23. OK, close enough. All right. And so.

You jump online and find out what the car is worth, the truck is worth, let's pretend that it's worth thirty five thousand dollars. Where did you get forty thousand as to what you owe on it? I'm sorry, where did you get the number 40000 that's owed on it since it's a lease? Well, we have we're going to go for the lease aspect. I think we only know about Ken, but it's over Miles, so it's twenty five cents per mile and it's over.

So we were thinking of the cheapest way. To get out of it would be to buy it and then sell it at the end of the lease. It may be it may be the cheapest way, but let's go ahead and do that now. You don't have to wait till the end of the lease. OK, so you call them and ask them for the early buy out on the fleet. If you want to give them a check and they give you the title.

Have you done that? Is that where you got 40? That's all together. You were just estimating you were guessing, OK, how long has he had the truck? Two years later, what was the MSRA on it when he bought it? The sticker on five fifty five. Sixty five, sixty five two years ago.

That was a sticker on it. We got it knocked down probably to 50 to.

Not an election, OK? My family, friends on the dealership, yeah, they were so good to you, too.

Yeah, I know it's such a blessing to have friends like that, so. All right.

So call them back and ask them to take back this blood. No, they're not.

I'll tell you what I would have heard of you two years ago, because I know it's. I'm sorry. I'm sorry. I just hurt. I was hurt for you and I'm just aggravated for you. Not at Juhani. I just want you to get out of this because it's killing you. It's killing your work in a tire store to pay for his truck. So. All right. So call the car fleece company and ask them what the early buyout is.

I'm afraid it's going to be more like 50 grand than 40, OK? I don't know. But you ask him for the early buyout, and that's like the payoff on a car loan. That's the same number. OK, that makes sense to you.

Yes.

OK, then what I want you to do is to jump on Kelley Blue Book Club Dotcom and let's find out what it's worth. And then you're going to have to come up with a difference with a loan from someone. If it's so, if it's a 50 Buy-Out and you look it up and it's worth 40, then you're 10 in the whole. And if you you got to write a ten thousand dollar check in order to sell the truck. And you're going to borrow that money somewhere, but I'd rather you be ten thousand dollars in debt than 50, which is what I think you are in debt.

I don't know what you have to get into it and figure it out, but basically you've got to cover the difference and you're going to be in the hole. Just like if you had borrowed the money on a car loan, you'd be in the hole, you'd be upside down. It works the same way. It's only they hide it under the mystery in the fog of a lease. But it's still all in there. It's still you getting screwed is in there.

So here's what we need to do, OK? I need to put the two of you and has he got Wi-Fi available in the tower Gocher me, does he have cell phone service? So from there, yes, good.

OK, I'm going to put you two in into Ramsey Plus and Financial Peace University so you can learn how to handle money. Or also Kelly is going to hook you up with one of our Ramsey certified coaches, Ramsey preferred coaches, and it's going to be free. We're going to pay for it to help you get out of the truck. She's going to help you get out of this truck because you're so screwed in this thing. If we don't walk you out of it, right.

It's going to double the pain, our triple the pain.

And so it's not we're not making a dime on this. We're going to help you for free. I'm paying for all of it because I know how scared you've got to be. Yeah, he's going on the boat for three weeks out of the four week month. And you're over here trying to fight this stuff off by yourself. You're twenty three years old and you just move to a strange town. Yeah. So we're going to love you, kiddo.

We're going to walk with you. I'm fussing at you, but I'm fussing at them for selling you this truck and you for buying it. Not because because I'm mad at you or something. I just I hate the injustice of this in your life, and I want to help you get out of it. So, Christian, I'll take care of you. I'll do that. We'll get you set up with a counselor, Kelly. You can get her set up with Ramsey Plus as well.

And the main thing, Allison, is is not always going to have to be this way, young lady.

But you guys will have to lock arms and get serious about this and do the Ramsey plus stuff together, you know, and you people, these car dealerships, that's immoral for a 22 year old young woman walk on the thing and walk out with a sixty five thousand dollars. It's just we all at some point, you've got to do business in a way that's a blessing. Thanks, James Childs, for finishing today, Daniel. Back with you, you know, in the meantime, remember, there's ultimately only one way to find.

For dealing with the pressure to keep pressure on you. Hey, it's Kelly, associate producer and phone screener for The Dave Ramsey Show. If you would like to be your debt free scream live on the show, make sure you visit Dave Ramsey, dot com slash show and register. We would love for you to come to Nashville, tell Dave your story. 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.

Check out the Christy Wright Show, where Christy inspires you to break through your limitations and create the life you're proud to live. Hey, all, I'm Christy, right? You know, it's so easy to feel stuck. You live life just going through the motions, doing dishes, doing laundry, carpool lines and a whole list of commitments that bring you no joy. Why do we live like that? That's why I want you to check out the Christy Wright Show.

Each episode will help you build confidence in yourself and the God that created. You hear more from the Ramsey network, including the Christy Wright Show wherever you listen to podcast.

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.