Fired from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where dad is dumb. Cash is king in the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. My co-host today here on the air. Anthony O'Neal Ramsey, personality number one, best selling author. Open phones here as we talk about your life and your money.

Triple eight eight to five five two two five. That's triple eight, eight to five five two to five.

Starting off this hour is going to be from Oregon. Courtney is calling. Hi, Courtney. How are you?

Hi. Good evening, Anthony. How's it going? Great. How can we help? So I just turned twenty one and my question is, do you think that I should go to those interns and work to pay off my debt first or freeze my baby steps in cash for school to find a different career path?

Now, are you currently in school right now, Courtney? I'm not I actually was accruing debt from school when I started listening to Dave and I thought, OK, all right, talk to us a little bit more about where you are right now.

How much school do you have accomplished currently?

So I only did two semesters. I have about 40, 45 hundred that I accrued from those two semesters. And I'm currently working a full time job, so I'm not doing any school at the moment.

And what are you going to school for if you go back to school? Because, yes, you are going to cash flow. But I want to make sure you're making the right decision by going back to school. What would you go to school for?

Well, in my dream scenario, I would love to be an entrepreneur and go to school for business or real estate or things like that, you know. OK. All right.

So going back to school to be an entrepreneur, you don't necessarily need a degree to be an entrepreneur. But I like the mindset of getting a business degree. But what do you want to do? What's your dream entrepreneurship like? What do you want to own? Well, I would love to have real estate and have a business or two or I mean, the sky's the limit. I have really big dreams and a really small world.

Well, here's the thing for me, and I'm curious, because Dave is an entrepreneur and I want him to talk you into this. But for me, I have some concerns of you going back to school and you really don't know exactly what you're going to school for. And so I love the fact of you cash flowing in. But my, my my thing that I'm teaching to young people specific, specifically your age, is I want you to have a vision.

What are you doing? Why are you doing it? So this way you can complete school. I don't want you to start going back to school again and then you drop out again because you change your mind. I mean, let me help you. It's hard to complete.

A goal as tough as the one you're signing up for when your dream is still in the clouds, you can't you know, when we ask you what you want to do, I'd like to own some real estate and maybe a business or two union say I want to own a business that does X or Y or Z.

You just vaguely want to own a business. There's not enough energy in that because of the lack of services, the lack of how it's not specific enough to give you energy to push through.

You've got you know, you've got to say, I've always wanted to own a business that does this and that, and in general, you just like to would like to own some stuff.

Yeah. And that won't that won't push you through when the rain comes out and the thunder and the lightning is going and you don't want to go to class, but you'll bust through the wall if you get real specific on your goal and where it is.

So we always teach that dreams are a good place to start. And that's where you started. Pull them down out of the clouds and kind of blow off the blow off the mist, blow it off. And then it start when you kind of see the structure of your dream, a little bit more starts to become what we call a vision.

Yes, sir. And then a vision with work clothes on is called a goal. And then, you know, the very specific steps that you have to do to hit your goal, which comes from your vision.

And then when someone asks, you can say, I'm living the dream. Absolutely.

And then once you identify that, then you can answer the question, what do I need to go to school for this school part?

Is school one of the things you need to do? Exactly, because you've got a whole bunch of things you need to do to get to live out the goal.

Yeah. That came from your vision so that you're living the dream. Yeah.

And but just, you know, so I want you to spend some more time thinking about, you know, when you're when you're 45 years old and you get up and you go to work. What are you doing. Yeah. What are you doing at work. Yeah.

And it could be somebody you're working for. It could be. You own the business. Yeah. I don't care. And then that then you could kind of back into some of this but yes.

Cash flow it. And in the meantime while you're figuring this out, you could go ahead and clean up the 4500. I don't think it's a prerequisite. Absolutely. I mean, you could stop and not pay on it while you're in school. That's perfectly legal. Pay it off when you get out of school. But we've got a lot more going on here than just do we go to school or do we pay debt?

And, you know, add to this as well, Courtney, I want you to invest. I want you to go on Amazon. I want you to buy Kinko's, put a proximity principle, because inside of that, I hear your voice.

A little bit of you really don't know what you're good at. You don't really know what you want to do. And he'll help you identify your sweet spot. So I want you to invest ten dollars into getting this book. Go ask to go to the Kincumber show dot com website. Why don't you give her one? Well, no, because I want her to invest into a day. OK, yeah. I want her to spend ten dollars because I think if she can invest into it she'll read the book and complete it.

OK, and if she does that she'll call back. I'll give you something else.

OK. You know, I mean I thought you didn't want to go against stuff.

I don't know. I mean I love I would love to give away kids stuff.

It doesn't hurt my pocket, but no, this is for her it up. Oh.

Stephen is with us in Missouri. Hi, Stephen. How are you? Good. How are you? Better than I deserve. How can I help?

So I'm a little bit scared at the moment. I've been watching your show for about a month or so, and I've been watching some clips of where some orthodontist who have gone through school come out with a million dollars in debt. Currently I fifteen thousand dollars in debt with the combined income of thirty thousand dollars, which is me and my wife and I have a 21 month old son. And I'm not sure how to go about saving for college because I don't want to go into debt.

How old are you, Steve?

Twenty four. Twenty four. OK, so you're not have you graduated from a four year school?

No, have not yet. So I'm currently in a three month program for dental assisting and I graduate from that in about five weeks. And so once I graduate from that, I'll be working as a dental assistant while I go through my undergrad years. Well, at least that's the plan. Yeah. Yeah.

OK, well, the good news is there are a lot of large dental companies now. The mom and pop dentist is still around, but there are some big companies are good news for you. Is there some big companies?

And getting on with one of them, they might have an education path that they pay for all the way through.

And I'd be looking for that even if you made a little less. But they paid for your dental degree. Oh, Deng Deng.

Yeah, that would be a big deal. Yeah. Because honestly, it should scare you. And when you get into the business around these guys, it's going to scare you even more.

I think dentists have a tendency to go further in debt than MDs. Absolutely, Dave.

Absolutely. And here's the thing for five hundred thousand is not unusual. No, is not. I mean, actually and we're working on I can't say what we're working on, but we interview a dentist who has nine hundred and eighty thousand dollars in debt and debt. You can say we're working on a documentary. Yeah.

OK, cool YouTube boss. We're not ready to launch it yet, right. Yeah, I don't get it but yeah, it's pretty cool. Yeah. It's a follow up to the bar Future Borrowed Future podcast series. We did. Yes. The documentary version of that. And you never know where you might see that. This is the Dave Ramsey Show.

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Find your parent takeover's dotcom, slash Ramsey and walk taller. Anthony O'Neal Ramsey personality is my co-host today here on the air, open phones, a triple eight eight two five five two two five. Vance is in Wilmington, North Carolina. Hi, Vance. Welcome to the show. How can we help?

Good day, gentlemen. The biggest issue, I guess, is budget staying on track. You know, I make fifty six thousand dollars a year currently, but unfortunately, I lost my job at the beginning of the year and had to sacrifice for less money per year. And as of right now, it just seems like a vicious circle get paid. Then I am basically paid most of my paycheck in credit card payments just to be broke before we get to my next paycheck and have to put it all back on credit cards.

How much credit card debt if you got? Right now, it's not 8000. OK, and how much do you have on your car? We have the van we got because of so many kids is 16000.

OK, what else outside? Only two hundred dollars left on my student loans. Our home in Wilmington is actually paid off. What's it worth? Tax value is about one hundred and forty eight.

How many kids? Five children, what ages? The oldest is twenty one, twenty nine, six and four.

So you're not feeding the 29 year old? No, no, no.

They're out of the house, you know, incidentals. You know, they're pretty much self-sufficient. You know, it's just incidental to them. So they either are.

They're not they're not pretty much. Well, you know, you get the occasional call of your broke, so when they call this go, I'm broke. So I can help with that which cut off the incidentals to the grown kiddos. All right. Now then the other thing that's going on is this. You guys are I can tell Anthony and you can tell to there is not a written detailed plan here.

Absolutely not. That's what they say. Yeah.

And we've tried and it's always going way far left field. You never saw them again.

Well, you didn't try hard enough because. Yeah. So I think the problem here is not really the money problem because you're making fifty eight thousand dollars yet. We need to make more money. But we know people who are making 35, 40 thousand dollars in their budgeting, living below their means and they're making things happen.

So right now you have to get on the plan. And and I can say this respectfully but straightforward. You have to stop saying exactly and just do it.

You know, the thing is the. What what are the way to approach the budget differently and this should help you, Vance, is you're not writing up a template for the perfect month from heaven because that never occurs. Right? Instead, you are saying November starts Sunday. So you have homework between now and Sunday, you and your wife put the kids that live at home to bed. Yeah. Turn off the stupid freaking television.

There you go. And you could just get out a yellow pad if you want, or you can jump on every dollar and download the app for free.

But what you're trying to do here is you're going to say, OK, what income will I have take home pay? How many checks have I got coming in in November? And what are the dates? And that's your income. Hmm. And then you give every one of those dollars a name in order of importance. So the first thing on your list I'll help you with this is food.

And I'm not talking about eating out because you're broke, you're not eating out. I'm talking about groceries for cooking from scratch at home.

OK, food, you know, the next one is lights and water. You know what the next one is? Shelter. How much is your house payment? Right now, the only thing we have to pay now is always pay of our health insurance and taxes, right?

And so shelter. Yes, sir. So we're taking care of basic necessities. So if you've taken care of food, shelter, clothing, transportation, you pay the car payment, you put gas in the car. And this is all written out as an exact game plan.

You've still got a lot of money left after you do those things. In your monthly budget and you're going to go, where's my money been going? Right, that's what Anthony Irda and I are doing. Looking at your numbers were going, where's the guy's money going?

This is how we it's easy for us to presuppose you're not doing a detailed written game plan, if you will do that and spend November's income on November's bills.

Exactly. And then whatever you write down is what happens. Nothing else.

Get the stupid credit cards out and have a plastic surgery party. Yeah, chop those puppies, little bitty pieces.

A matter of fact, if you have firearms, go ahead and put them out in the backyard, get violent with them, put some 45 caliber holes in there.

But I mean, do something. And where this is set up, where you are viscerally remembering the day, the weekend, the year that sucked is the year we turned it around November. Twenty twenty baby, that was our year. And you drive a stake in the ground emotionally and you say never again. I'm not living like this. I can tell you when we did it, when we went bankrupt. Absolutely.

When I went homeless, that's when I did it. Yeah. So when you get sick and tired of being sick and tired, you'll do whatever it takes. Yeah. So the return game plan start this weekend and we'll put you and your wife into Ramsey plus so you can go through Financial Peace University and so you can get the premium version of every dollar and that the baby steps tracker. We are experts on leading you through this process. But to Anthony's earlier point, you've got to really do it.

Yeah. Yeah, and you got to have enough thing because you're really not stuck, your mouth is not stuck, you're disorganized, it's chaos. You got to spend and then you get to the end of the month and you get your money and you know, and that's you know what that is as normal. Yeah. That's a normal person. Yeah. And you God, God knows normal sucks. You don't wanna be normal and I don't want to pick on him.

I want everyone and I will.

But I'm just saying I think when I hear people say I make this kind of money, but when I get my paycheck, I spend it all over here, I go, well, this is what I hear, Dave. Lack of discipline. You don't have a plan.

Yeah, there's there's no plan. There's no discipline. You even tell yourself, no, this is what we're going to do. Don't get on a budget. We're going to stick to this budget and we're going to get out of debt, write it down, go over it with your spouse.

Both of you look at it. You pinky swear and spit. Check this. A freaking contract.

Yes. You're not allowed do anything else with money. Yeah, because this one worked when you put it down on paper. Right. Then if you don't live it exactly that way, then it won't work. It won't work.

And you go, well, you know, we were tired from working, so we went out to eat.

I'll kiss my butt. You cannot do that stuff.

I mean, you just cannot wash out. Yeah, but I mean, in our culture today, the idea of going without restaurant food for an entire six month period of time, people think will die.

It'll be over.

My whole life will be over because it's such a form of entertainment. But you know what? To Dave, you can talk to this. I can't it's it's even harder to tell your kids. No, I can't help you.

You know, it one for us because our kid, No. One, our kids were little. And No. Two, we're like old fashioned parents. We actually think we're in charge. And so no is a complete sentence. I don't need to give you a further explanation. I own you and I can make another one. Looks just like him. So, I mean, also, we were also in Sharon's worse than I am. I mean, she's a hillbilly mother man.

I mean, it's just like knock you on your noggin.

You're going to do it and, you know, stop your wine and we're not going out to eat. Why not? We we leave church when they were little will be in the back seat yakking, you know, Rachel Cracken. Yeah. Chiquito, she can talk man.

And she'd be going, I want to go out eat and we're going we're going to we're going to the nicest restaurant in America. Where's that Sharon's restaurant they got where they hate it. Don't tell Sharon's restaurant now.

Don't tease this and tell her we're going out to eat and we're going to Sharon's restaurant. But she does cook better in a restaurant anyway to start with.

Yeah, well, like like we're getting microwave crap or something.

They actually actually the woman actually cooks. And so, you know, I mean, it's amazing.

And that's that, you know, that's how Rachel grew up. Yeah, that's good.

But then when you did get to go to a restaurant, it was an event. Yeah, it was a big deal later on. And so you had more of a tendency to behave while you were in the restaurant.

Absolutely.

Because it was an actual privilege rather than an entitlement. Well, that's good. They let you have a wife that goes from this generation. Don't know how to cook, man. They have these neat things called recipes. Yes. The best recipe book. It's just follow the directions. Even I can do that. I could do that, too. This is the Dave Ramsey Show. Listen, there are some basic things that you should be doing to take care of your family, a roof over their head, food to eat, a car to get you from A to B and term life insurance, term life insurance is an immediate need no matter where you are in the baby steps, since your family is at no greater risk than when you're in debt.

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Today's question comes from Jeremy in Pennsylvania. I am a nurse and anesthetist with a household income of two hundred eight thousand dollars. Started my debt free journey May 2019. Hospital pays me 15000 dollars a year for student loan to reimburse reimbursement. Approximately three years into a five year contract, total will be 75000 dollars. Assistants only debt other than the house is 35000 dollars. Student loan debt. Should I drag out the student loan repayment to maximize on the stipend throughout work?

No, I want you to go ahead and paid off Obama. I'm right. When I first read this 75000, what I saw but 35000 studied 15000 against that. It's done in two years. Yeah. So I might drag it out, but the way I would do it would be and I'm changing my answer. We only talked about this in the commercial break and I agreed with you, but I because I misread it but because it be like.

One year, and what I would do is just set the 15000 in a savings account as an additional emergency fund. I see. I wouldn't do that for five years. Right. That's too much. But for one year to get a free 15 grand, I might set aside in savings.

And then if something happens, you had a fifth on the job. You can bail and you just pay it off if you have to leave the job.

But if you're still sitting there anyway and you got another 15000 bonus check to pay that off, I might do it for one year, no less. One year, the first year right now that drops all 15 of the 35, I don't know, leaves 20. Right. And I would only do it. So I would go ahead and pay off down to the fifteen, keep it there, keep a balance of 15. How do they see her?

You know, the other thing I would do, Jeremy, is I would look at your contract and can he pay to even talk to your supervisor? Can you pay it off in that still receive the benefit a year later if you go out and pay it off now, can you get the money? A year later is a benefit. Yeah, because they might do that because they're saying student loan assistance. Yeah. See, sometimes they want to pay the actual student loan directly and sometimes they're just going to assist you in paying it.

Yes.

Meaning if the money's coming to him, I'll bet you he could talk them into, you know, going ahead and saying, if I want to show you a receipt, that I actually did pay it off, that you give me that a year later. That might be another way to get a very good you know, and to the people listening right now, that's a good one year plan. Maybe. But if you're in there this testing and you're looking at five, six, seven years now, that's that's not no, we don't want to do that.

Not unless it's 50 grand a year or something. But if it's four fifteen, you need to just get out of debt. Yeah. Besides that, your income is low right now for a nurse anesthetist. Say that three times fast. And the I mean, just to get the degree, you have to be able to say it. But but your incomes are low. Most of them are making 300. So you're probably at the beginning of your career.

Yeah. And so you'll probably see that bump on up. Yeah. So very cool. Good stuff. All right. Dave is with us. Dave is in Louisville, Kentucky. How are you, Dave? So today, though, I saw some better than I did. A quick question for you. I make about 45 K here and I actually only have about 10000 hours left on my home mortgage. So I had that paid off well and well under eight years time.

So my question for you is, I have several friends and they a lot with me and they've approached me about Imlay. And I didn't know if for someone like me in my position seem to get out of debt or even for someone that's just fresh out. That is actually a smart decision for me. Hmm.

Well, I think the thing that happens with the multilevel organizations is they think if you're breathing, you're a fit. And so they come at everybody. The truth is, there's two skills I've got.

I've got three friends that make seven figures and Amway. And I've got 3000 friends who hate him because they are driven nuts and I'm one of them. OK, so it is a valid way to make money. OK, but there's two skills you have to have on the short term. You've got to be really good at sales. And, you know, just hamming it up and, you know, getting in, getting the party set because you don't make any money just recruiting.

The money is made on the short term with the actual sales of the products. And so you got to get good at sales on the long term.

The people that have made seven figures that make serious money, like a million dollars a year kind of thing, OK, and they do exist. And I know them personally.

They are master recruiters, motivators and trainers of salespeople. And so they motivate and train the people that you're talking to that motivated and trained, the people that they're talking to, the motivated and hurting, the people that they're talking to, and they build these huge organizations, these huge hierarchies. But it is a very high turnover world and multilevel.

Very few people stay in multileveled, very long, and so it's very high turnover, so you're constantly rehiring, retraining and motivating a sales team. So if you can see yourself being a big time recruiter, trainer and handling high turnover sales force, then you could do very well in a multilevel Amway being one of them. OK, long term. Short term. The the way to make money is just be in sales. Now, if you say I am neither one of those, then this is not a fit for you.

It's not what you do. I hate I hate the idea of everything you're saying, Dave, then you would not go into that. And that's where people get disillusioned and, you know, you get all the bad stories because somebody gets drug into something and they're like, you know, I don't I don't even like people. Why would I want to be in this?

You know? I mean, it's that's how I want to be in people's houses doing these parties. I don't do that. You know, whatever it is that you're doing with the process now, I like sales. Yeah. Yeah.

And I run a big organization. So we recruit, hire and train people here so I could actually fit into that genre.

Obviously, I don't I'm not in it.

But the problem is, is when people get hyped up, you know, you make all this money and you know, and if you were having if I always challenge people that are in multilevel, if you had to actually pay these people a salary, you'd never hire them.

Yeah, but you recruit them. Yeah. And get them in there anyway. But they're not qualified. They don't have the right skills. And you just fill up your hierarchy with junk. Yeah. People that shouldn't be in there.

Yeah. You know what I did. And they were marketing company back in the old days. And I think one of the hardest things for me was I love sales too. And I can sell something. I love talking for a living, but I hate going around all my family and friends. And the first thought is, is it going to try to sell this? Yeah. So I think if you get into this business, you've got to learn how to separate the business and family.

And you're not always trying to look at everybody in your life as a prospect. Yes. Yeah. Then you just became one of those slimy transactional people and that's what turns everybody off. Yes. So you've got to just you have a little class. Yeah. About it and you got to go.

This is a way I can serve someone who can help someone. This is somebody who actually sells.

They might be good at the business, but good. You know, this guy over here, he can't do it in your heart. Are you just going to get mad at you later, you know? Yeah. Quit looking at people with a dollar bill on their face. Yeah. And that changes the whole thing. So all of that to say, I don't know if you want to be in sales, you want to be a recruiter. And that might be your answer.

Otherwise it's not. Yeah, this is the Dave Ramsey Show. Thank you for joining us, America. Anthony O'Neal Ramsey personality joins me as my co-host today here on the Dave Ramsey Show. Open phones at eight eight two five five two two five.

Max is in St. Louis. Hey, Max, how are you?

I'm good. How are you? Better than I deserve. What's up? Hey, my grandparents set aside investments for all their grandkids, they purchased me one hundred shares of Facebook years ago. Thirty two dollars a share. Today, that investment is worth right around twenty eight thousand. And so my question is, should I just leave it there or should I invest it elsewhere so that it is more diversified?

OK, somewhere else where it's more diversified. Yeah. I don't own any I don't own any single stocks. I don't play the market and you are betting twenty eight thousand dollars on one set of nerd's. I mean, you are yeah, and I don't know what Facebook's going to do. Yeah, truthfully, social media team has got I mean, it are the tech world has got some real targets on there, but right now they've been misbehaving and I don't know what that's going to result in.

But Facebook has been screwing with us in business for a long time, we work with them, but about the time we figure out some way to utilize that stuff, they figure out some way to charge double for it, showed it.

And and, you know, it's and truthfully, there's a fatigue out there on social media in general. People are just sick of it. So I don't know. I'm not saying that Facebook's going to fail. I'm just not betting 28000 dollars on their success. I would rather have that 28000 in mutual funds. And if they're if those mutual funds aren't from Facebook, well, so be it. Yeah. If they own some, Google will. So be it.

But I don't buy single stocks personally because I don't like the risk. Anthony no. Davey said it best, you know, and I think listening to Max, he sounds really young and he's like, man, you know, that's Facebook though, Dave, you know, and I like what you said. It's you're putting all your money into not just Facebook, one to one group of people. And I think I would rather be diversified. Now, if you can get it into Facebook and Google and diversify, I think great.

So when a company first issued stock for the first time, it's called an IPO, an initial public offering. And I was on the air when Facebook first for the stock and it was so hyped that it went through the roof.

It was like a gold rush. Wow. It went straight up. And then six weeks later, it went straight down because it was overhyped.

It was not based on valuation because it's based on people were just freaking out because Facebook was cutting edge. It was so cool in those days. Everybody was believing it was the big deal. And it is a big deal. Obviously, there there have become a world player, without a doubt. Yeah, but the. But I mean. And people who don't you didn't you buy in on the IPO?

Nope, I did not. I did not because I know a high point. I actually one and single stocks will get you a bit. So that's what that's, that's what we wouldn't do.

And I thank you for the call. Absolutely. Raquel is with us. She is in Little Rock, Arkansas.

Hi, Rachel. What's up? Hi, Dave. Thank you for taking my call. I'm nervous. We have never we've never lost a patient. What's up? I filed for bankruptcy last week and I have a rent to own house like I. The contract is pretty much nine to one. Is there any chance that I can lose the house like I all my payments are up to date and everything. I get the house and my car out of the bankruptcy that you file Chapter 13 where you're paying payments in the bankruptcy or Chapter seven, it's chapter seven.

You didn't keep anything out of the bankruptcy. That's impossible. Everything goes into a Chapter seven. Now, what can happen is you can reaffirm the debt, resign for the debt on your car and resign, resign for the debt on the rent to own. If the lender will allow it, they normally do. OK, so what do you own your car? Oh my God, I owe thirteen thousand. What's it worth? Ten thousand. Why would you keep something that's 3000 dollars in the hole?

I just didn't like it. Like, I can say it all fly pretty quick, like if I don't have a computer.

Why did you file bankruptcy? Right. Well, if I don't have any credit card payments, I think that I can make it pretty quick. What do you make of your. Last year, I made 60000. I would recommend you turn the car in in the bankruptcy and buy you a cash car for three thousand dollars. Yeah.

OK, another question about that. You're not going to do that, are you know? Well, well, I guess that yeah.

Yeah, it's not going to work for me. Oh, is that so? The deal is if you're going to keep a bunch of debt, you shouldn't file bankruptcy. No, you should let the debt go if you're going to file bankruptcy and you've already filed. And so I would not do what you're doing. I think it's a bad choice.

And I think you're going to come out of this with a without the you know, the. Without the freedom that you sought when you were after bankruptcy, making 60000 or so and she filed bankruptcy on a credit card, we don't know how much the credit card debt is. Nope, but the no. So the answer to your question is you should be able to reaffirm the car. You shouldn't and you should be able to reaffirm the rent to own.

And I don't know if you should because I don't know the numbers on that. Both of those are at the lender's option, meaning the lender, the the landlord on the rent to own could decide not to allow the reaffirmation.

But when you file bankruptcy, everything you have is in it. Whether you listed on The Matrix or not, it's technically part of the bankruptcy and you need to get reaffirmation on it.

And if your lawyer didn't tell you that, you got one of those lawyers now, Dave, on a rent to own part. This is education for myself. She still renting. So does she still have to get that reaffirmed with her?

Just only the owning portion of the contract? OK, the contract. Yes. Even if you're a renter, you're you can bankrupt on your landlord.

Oh, and the landlord, if you don't pay the rent and keep the rent current and then agree to see any legal money obligation, you have almost any legal money obligation you have is released.

OK, ok, that would include rent. I did not know that. So you're out of your lease. Wow.

If you know you could break the lease in the bankruptcy bankruptcy and not owe a dime. But if you want to resign the lease. Yeah. And you're not in your current and the landlord wants you to then that's fine. And if you want to reshonda to own portion leasing with an option to own a portion, then you would do that as well. Got. Most of those you're paying more than you would be paying in rent to be an owner later, which you shouldn't be doing if you're broke.

Yep. You should be doing at all. Yeah. It's not a good plan generally, but don't do that if you're broke. So the thing is, if you're broke enough to file bankruptcy, don't keep a car payment and don't keep it extra high rent.

Right. Because it gives you the possibility of owning later. Yeah. So what she's trying to do is just get rid of the things that were bothering her and kiti other things which were actually the things that are weighing her down mathematically. Yes. And that's why you're not listening.

When I'm telling you what to do, then you're not going to get the result you want out of this because you can't, you know. The credit cards are the ones calling her and pestering her, but the big freaking car payment at the high interest rate and the overcharged rent for the rent to own are what are draining her bank account. Yeah, and those are things she so, you know, you smack the mosquitoes in the bear, eat you.

Yeah.

You know, instead of shooting the bear and not worrying about the mosquitoes. Yeah. That's the problem. And that's what happens. Oftentimes we go in and reaffirm everything.

And of course child support, IRS, student loans, alimony are not bankrupt anyway.

Right. You're going to be with they're going to be with you forever anyway. And so I've had people that filed you know, I got a twenty eight thousand dollar IRS line that's not bankrupt double and five thousand dollars worth of credit card debt. And they want to file bankruptcy.

And, you know, you're swatting at mosquitoes in the breach.

They forgot that you're dealing with the big problem was never addressed.

Yes. And if she keeps both of these deals, then she's kept the big part of the problem.

I'm guessing it's the credit card. I didn't get that far because I'm not going to argue with the caller till you do something. Either do it or don't. I put this out of the Dave Ramsey show in the books and.

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