Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's The Dave Ramsey Show. We're not as dumb cash is king in the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host, Anthony O'Neal Ramsey personality is my co-host today. As we answer your questions about your life and your money, it is a free call. Some say the advice is worth exactly what you pay for it.

Triple eight eight two five five two two five is the number.

Aaron is with us in Marion, Illinois, starting off this hour. I'm Aaron. How are you?

Yes. How are you guys? Better than we deserve. What's on my call. So my wife and I are in baby step two. We have a long way to go. And one of the things they're trying to do is get rid of the car that we go on and we're having trouble selling it. And so one of the ideas we've been kicking around is because we're upside down on it is to another in front and kind of pay extra on to kind of not come alone.

And we don't end up owing, you know, extra in the bank when we sell it. So we just thought about that idea and just. Does that make sense? Yeah, I'm with you. How much debt are you currently in all together right now?

Er, right now we're at one hundred and ninety one thousand most of this year.

Last year by this year they had a lot of student loans. Who's the doctor or lawyer.

I'm an accountant and it's just that number just keeps going up doesn't it. Wow. So how much.

How much. 191 are student loans. About 100 about what do you owe on the car? About 16 minutes worth of air between 14 and 16. We had it on. We've been trying to sell it for about a month and we haven't had anyone even. What kind of car is it?

Have you got. Have you got it listed at the market value or what you owe? I put it at it's at the high end of the Kelley Blue book, and so it which was 16. And so, I mean, it's a little high. It's a little pretty. I remember I had to look again before somewhere. OK.

Yeah, for sure. If I can. His annual income right now.

Well, we have four kids at home and I we have about a hundred degrees here. All right.

So have you tried to borrow the difference if you if you needed to borrow the three thousand dollars to get out of the car, could you? Probably you want to. Oh, I don't. I don't want you to, but I would rather you have three thousand dollars in debt than sixteen thousand dollars in debt when you sell this car.

What are you going to drive? Well, we are going to pile up I cash and then try to go buy a cheap band. This is basically the car my wife drives with all the kids. We have another car that's paid off probably three or four years after work.

Yeah, OK. So either plan would be fine to pay it down and get rid of it or to take out a three thousand dollar personal loan because you reduce your debt from 16 to three. OK, you're still reducing that and you can still pay off the three in your debt snowball and it'll still be in your debt snowball, one of the quicker ones you get to.

Yeah, yeah. OK, yeah.

So either way, it worked. But yeah, you're right to the car is not your problem, but you need the traction because you're in such a deep hole. Right. That you need to get you're doing everything right to get there. And I appreciate you being willing to sacrifice to cause it all to happen again. Hey, thanks for the call.

Open phones at eight eight two five five two two five. You guys jump in. We'll talk about your life and your money. Lin is with us. Lin is in Raleigh, North Carolina. Hi, Lynn. Welcome to The Dave Ramsey Show.

Hey, Dave. How are you doing?

Better than I deserve. What's up? Great. I had a question about utilizing your flexible spending account versus going into sport mode to plan for a pregnancy. You would do both. Give us Storck mode, you mean stop your debt snowball and pile up cash, stop your total money makeover baby steps and pile up cash until the baby comes? Is that what you mean by stork mode? Yes, I may steal that phrase, that's pretty good. I never go into story mode.

I like that. That's pretty good. Yeah, initiating stalk mode.

OK, but the. Yeah. So, yeah, you pile up the cash, but the money that you're going to the flexible spending account that you've got is a one twenty five cafeteria plan at your office and it'll let your company in and allows you to put money into that account pre-tax to pay medical bills.

Is that correct. Correct.

OK, and so what I would do is estimate what your medical bills regarding the baby are going to be. And I'm going to let the government pay 30 percent of them by paying them with tax free dollars through the flexible spending. So if you estimate that you're going to be out of pocket three grand beyond your what your insurance covers, which might be close, you're going to want that three grand to be in the flexible spending. And as you probably know, you do not want more in the flexible spending than you're going to use because whatever's in there at the end of the year goes away.

You lose it. Right. I can only roll over five hundred dollars a year. Yeah, so if you've got two thousand dollars in there too much at the end of the year, you're going to lose 1500 bucks. So you don't want to do that.

But so we want to estimate it and then be just a little bit low.

But do you know what?

You're out of pocket. It's going to be on the baby. Not yet the deductible on our just our paperwork looks to be seventeen fifty, but I haven't looked into more detail on that just yet.

And then it'll be an 80 20 probably. Right, right. Right up to a stop loss. And so, yeah, my 3000 women are going to be that far off. All right. So yeah. Let's make sure you've got whatever you think you're going to be out of pocket, goes in there. Everything else goes in a pile to get ready to restart your debt. Snowball after baby comes home and we we go out of stalk mode.

And I was just about to jump in on that. Just make sure that once you get that HSA maxed out that your stock and everything else in a savings account, you're not spending it in. As soon as you, you and your baby are home and comfortable, you take all of that and you slam that back onto baby number two.

Yeah, OK. Absolutely. I love it. Thanks.

Right. I'm glad you're thinking this way. Congratulations on the baby, by the way. OK, so there's a slight difference between a one twenty and an HSA health savings account is not what she had. OK, it's a little bit different than one twenty five plan is Section one twenty five and the IRS code that allows a company to have a health program or a benefit program at their work. We don't have one here.

I need to do one probably that allows you to put money into that pretax to take care of certain kinds of expenses. OK, you can use it to pay daycare.

Oh, if if your plan is if your plan allows it, you can use it to pay your medical deductible. Your plan allows it you and it can be in addition to an HSA. I got a separate thing, but it's a section of the IRS code. It's usually a larger company because it's fairly expensive plan to put in place and to manage for the team, as you might guess. Yes, but OK, you can have all kinds of different categories in there that you and your purchasing those items with pretax dollars.

The two best ones I love are the deductible covering or day care coverage. Yes, that kind of thing. Yes. And so it's a, you know, our eye care or dental, you know, that kind of stuff. You can do it all self-funded that way in there with pre-tax dollars. And basically you're saving all the taxes on. So for most people, it saves them 30 percent. Got you. This is the Dave Ramsey Show at.

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Thanks for joining us, America. Anthony O'Neal Ramsey personality is my co-host today, open phones, the elite eight two five five two two five. Katie is in Kodiak, Alaska. Hi, Katie. How are you today?

I'm great. How are you? Better than how can we help?

So here's the story. My husband and I, we've done your program twice. Now we have zero debt. We currently live on our land and a trailer that we paid for. So we have no debt. We have our emergency fund. We have our three, six months. And we've been investing in our IRAs, each of us, the last year. So my question is, we're going to build our future home on this property, figuring out how to go about that, if we should, including, I mean, anywhere.

It's expensive, really expensive. We're thinking of doing it in like phases, saving and doing it that way. So I have a few questions, but I guess the first one would be, should we're going to start saving to build our home? Should we do it in an investment account or savings account would be one question. And then in general, my other question for you is like, what do you think about taking out a loan for our building our home?

Because, I mean, that's a lot of money to obviously build homes.

What's what's a lot of money? Tell me how much here. I would say an average. Average decent home is 250, 400000. I mean, if we want, like a nice, you know, our future home, like retirement home type, I'm not sure what your household income.

So we we take home we give ourselves 5000 a month or 60000. Right now, my husband has his own business. So there's wiggle room there. And he he's been getting about two hundred thousand.

What is your that's your taxable income is two hundred. Yes. OK, well, you're taking what you take home.

Other business doesn't matter what you have to work with is 200000 dollars. Right. To do afford to do a 400.

Business. I mean, that's like he has an employee. That's his expenses. It's not his taxable income, then.

Yeah. After expenses is not taxable income. You talk about his gross revenue is 200.

Oh yes. I'm sorry. He's gross. What did you pay taxes on last year?

I don't have that exact number, but he made around 200000 total. And we we gave no, we didn't he didn't make 200000.

He brought in 200000 gross revenues. And if he had two hundred and one thousand dollars in expenses, he made nothing. Oh, OK, I guess I need to ask him. Yeah, so here's how it works. The business brings in money, minus is expenses. His gross minus expenses equals net profit. Profit is what I'm asking about. And it sounds like you're pulling 60 out of the profit to come home. But he's probably making more than 60.

But he's not making 200 because 200 sounds like his top line is gross revenues.

Oh, OK. Right. And so if you're making one hundred, you might can afford a a four hundred thousand dollar house, but otherwise you can't it doesn't matter what it costs, they're what matters are what you can afford. Right. You can't spend money that you don't have just because that's what it costs. Otherwise, you could go buy a Bentley. Right. So, I mean, how should we save for this, I guess what would you do?

Where we're at?

I mean, I think it's a simple equation here to put in a savings account or if you want to put in a money market account, that's fine. I'm not going to lock I'm not going to tell you to lock up your money when it comes to saving to build a home. Don't put an investment account. Don't worry about that. I think that's that's number one. Number two, I would definitely since it sounds like you have two options here, you can save up MPL cash.

Your husband just has to sit there and talk about how it's going to be a five year journey and are we OK waiting for five to six years to purchase maybe a two hundred thousand dollar house. But if you don't, then the only thing that we're going to tell you is if you take out a mortgage, you need to put down at least 20 percent financing for 15 years with a fixed rate. Yeah. So you have two options there.

And I don't think you're building a 401. Our house with your income. Right. It doesn't sound like anyway, I don't know what your net profit is on that two hundred you got coming in, but it sounds like it's not the net profit. All right. So the question you need to ask him is, what is our net profit, which is also what your taxable income is, because that's all they're going to use is your tax return to qualify you for whatever mortgage you get.

It'll be a construction loan that converts to a permanent mortgage, a regular mortgage after the construction project is completed. But all of that will be approved based not on what you think you make, not on what you wish to make, not on what you put in your pocket, but don't report illegally under the table, but what your tax return says. Yes. So that's what they're going to use is your income tax return. What did you pay taxes on it if you didn't pay taxes on it?

It is not income for purposes of this mathematical formula that the mortgage company is going to use because they can't count it and go, oh, well, what about depreciation?

Listen, if you paid taxes on it, then you can count it. If you didn't pay taxes on it, you can't count it. It's that simple. And so. I'm going to guess and say if he's pulling 60 out, he may be rolling some of the profits back into the business. So we'll give it the benefit of the doubt and say you're probably making one hundred. That's my guess. Probably not far off of that. It might be 110.

It might be 90, but it's going to be somewhere in that general vicinity. I don't think he's only making 60. And I also don't think he's making two hundred based on this discussion so far, hundreds probably out of reach. So you're going to save up a good down payment, like Anthony said, and I just use the money market account, nothing fancy, and then get a construction loan, converting it to a permanent that is no more where your payment is no more than a fourth of your take home pay.

Good question. Thank you for joining us. Open phones at eight eight two five five two two five. Melissa is in Gainesville, Florida. Hi, Melissa. Welcome to the Dave Ramsey Show.

Hi, Dave, thank you. I'm saving up cash to buy a home in cash, and I opened a second bank account, a high yield interest savings account, and when I got to two hundred and fifty thousand dollars, I realized they would no longer be FDIC insured. So I opened a third. They can count to continue saving cash. And my question is, when you're actually buying larger properties in cash, especially if I want to start investing in real estate in the future, would you actually keep all of this money to keep it FDIC insured and safe?

You don't mind my money, that's for real estate is not FDIC insured, it's in mutual funds. OK, I buy just a an S&P 500 index fund that I'm going to hold or I'm throwing money to Pollard up for real estate and I can come back and get it after a year and I'll have no taxes on the ganger. I have a capital gain. Tax on the gain is all. And if you leave it alone at least a year, you're going to save on taxes and you'll make more on it than you would in a stupid bank anyway.

But FDIC insurance is two hundred and fifty thousand per depositor per bank. If you're married, that's five hundred thousand.

There's two deposits not married and that's fine. That's fine.

Then you can have you know, you get three banks and have seven fifty thousand, but you're still only making one one eight or one and a quarter or something on your money over there.

And so if you wanted to be super safe like that, you're surrendering any rates of return. But I don't think anything at all about throwing a million dollars into an S&P 500. That's a very stable account. It's as stable as the American economy is. It could go it could go down in value.

But the chances of me losing it all is almost zero. If the S&P 500 becomes worth zero, the American the United States of America has collapsed. Mathematically, it is. So that means the top 500 largest companies on the stock market are worth zero in order for all of them to be worth zero. That means the United States is gone. There was an atomic bomb was dropped or something, or China took over or whatever crazy scenario you come up with.

So I'm not the chances. I'm not worried about that. Now, can that S&P 500, could I put in a million dollars or one hundred thousand dollars and come back four months later and it be worth ninety six thousand? Yeah, I could lose three or four thousand dollars on a 100 grand. I could, but I mean, but I'm not going to I'm not worth the FDIC insurances.

In the event of a bank failure, an individual bank could fail, an individual mutual fund could fail, but is very unlikely. An individual stock investment really could fail and be worth zero. That's very high likelihood, a much more high likelihood than anything we're talking about. Yeah, but yeah, if you want if you want spread out across banks, you can do that. I don't, I don't fool with it. I just dump it into an S&P 500.

This is the Dave Ramsey Show. Anthony O'Neal Ramsey personality is my co-host today, this is the Dave Ramsey Show, Open Phones, a triple eight eight to five five two two five.

Donna is with us in Wake Forest, North Carolina. Hi, Donna.

How are you? Hi, Dave. Hi, Anthony. How are you all doing? Great. How can we help? Thank you so much for taking my call. I'm a little bit nervous, I've written down all my notes, so here goes, give you some background. So my husband and I are on baby step two. I'm in Oregon and he's a logistics manager in our annual income is about one hundred and twenty thousand dollars a year. I learned about you a little bit late in life.

I'm 52 years old and I is a tiny bit younger than I am. Here's our dilemma. I got home before I met him, and it is worth so much more, we owe to forty six on the home, it is probably worth about three hundred and fifteen dollars to fifteen thousand dollars. Sorry. If we sell this home, we could be out of debt the day we sell it. How are you living in it? We are living in it currently, but it is a two story home.

My son's a combat veteran. He has issues with his knees and his leg. So stairs, as know as we get older, are going to be a problem. So.

So you're not you're not thinking how long do you think you would stay there if you didn't have that? If we didn't have debt, we would we would we wouldn't stay here, we would buy some land and we would build our home on some land, a one story home that we could live in for the duration.

Can you do that for 300, 350000? Yes, sir, but let me just add something else to this equation. My mother died a couple of years ago and her home has been in limbo for a couple of years. Finally, we're at a point where I can purchase her home for 80000 thousand dollars and we could live in that home, sell this home, be totally out of debt and kind live like no one else to do so that we can go on living.

It's like no one else. So just wondering if you thought it would be a good idea for the purchase that home. That's my home. It's about eleven hundred square feet. We currently living in a 20, 400 square foot home to people. I'm sorry, are you saying so this and Don, are you saying sell this home, get the equity, turn around, take that equity angle, buy your mother's home? Actually, what I was thinking was take the equity and pay off all of our debt.

OK, yeah. And then take out a loan, buy my mother's home with a mortgage, with the mortgage, OK?

That's what I meant to say. So, yeah, it's only eight thousand dollars though. Mm hmm.

But is that a home that you want to stay? No, that's just a temporary thing. That's a sacrifice to get out of debt and live towards the greater good later.

It is. And we don't want you know, my mother worked very hard for that home. What's the home where the home is worth about eight thousand dollars?

And you and you would buy it for 80.

Is she living? My mother is deceased. She died in 2010. OK, who's in a home now? No one whose house is it? Well, some complicated situation, my mother left a life estate in her home to a friend of hers or a person that she had been with her partner for many years, and she left me as secondary. If that person decided to leave or whatever the case may be, the home would go to me.

Who's the owner of the home? Very, very weird situation. I guess it's hard to say.

I know it's not hard to say. The life estate is not the owner of the life estate is access in that he lives. So then that would be me. As long as you live or if you want to leave the home, is the home paid for.

It is not what is owed on it. It has. It has about thirty thousand dollars owed on it, and you're supposed to pay that bill. I have to purchase the home because the way my mother wrote this whole thing in the world, this person is entitled to a portion of the sale of the home. He agreed that the home could be sold. We both agreed. I'll just sell it.

And so we can't just sell and take the money and take the money. Yeah. Yes. Give him his cut.

You move on because then that's more money going into your pocket rather than if it's only the other 30000, 50000.

How much is his part. Yeah. Well, see, that's that's what we don't know. Once it's sold and once the 30000 has to be paid to the bank and there are some lawyer fees that have to be to be paid. OK, we don't think there will be much left to be split 50/50.

It's supposed to be. OK, so here's the deal. Eighty minus 30 is fifty thousand dollars. You don't have fifty thousand dollars in legal fees and expenses to sell it. Sure. I don't know.

No, it's about 10000. There's going to be 40 grand. So it can be 20 in your pocket.

Yeah, right. OK, take that. Take that.

You have to pay off your debt. And I would sit in this home until you clear your debt.

How much debt have you got that you say, oh, OK, well we have about eighteen thousand dollars worth of debt.

I would either sit in this house or I'd go ahead and start talking about selling this house, renting for a little while somewhere while you build the other house.

Yeah, OK, I'm going to start moving to the country because you're here's the thing. You're three and 15 down our house. If you move in a three, two or three fifty, you're not really you're not calling me up going I want to go. My dream house is just one level in the country. It's not 750 grand. It's about what you already have.

Right. Right. And so if you want to swap this one for that one, it doesn't set you back. No. You see what I'm saying? Oh, yes. Yeah.

So I sell Momma's House and I'd either sit in this house while you get debt free or I'm going to sell it and rent while you get debt free. And then I'd be planning to buy a little farm and put my one level house on it and tell your husband thank you for his service to the country where I'm sitting.

I'm sitting still because I take that twenty thousand. I go down to sixty making one twenty. We could be debt free in two years.

Now you go and then just sit in this house, you sit in his house and but you got to sell it when you get right about the other one anyway. Yes.

And then you got profit right there.

You could go rent for three years or two years. It wouldn't be wouldn't be bad issue. It's a step because you're going to have to move out of it anyway, get sold and have that money to build the one level later.

But yeah, I'm not gonna I'm not gonna mess with Mama's house. That sounds like a nightmare. There's so many are so many cooks in the kitchen that this did not sound like fun to me. Bob's in Fort Lauderdale. Hey, Bob, how are you?

I'm doing fabulous. How are you guys doing? Better than I deserve. How can I help? Well, I've got a weird dilemma. I am retired, but I have a very sweet part time job. And that part time job takes me on the road for about a thousand miles a week. And my car is about getting close to the end of its life, so I'm wrestling in my mind whether to buy a new car, lease a new car or just rent a car on the two days that I'm out on the road, OK?

Leasing is out.

The option. Leasing is not a good option because you're going to run the mileage up over and it's going to blow up the deal.

It's going to make it not. Here's the thing. When you put that many miles on a car, you all of us can agree it's going to go down in value very, very quickly. Agreed.

Probably in about a month. Yeah, for real. So if you lease a car, they're not going to lose money on the lease. They're not stupid. So the lease is structured in such a way that if you do something to the car that causes it to lose that much value, like put miles on it or more than normal wear and tear, it affects what you get when you turn it in because they're going to hammer you with being over on your miles and the lease is not going to work and you're going to pay for the lost value in the lease 100 percent of the time.

So that doesn't work. The renting a car might work if you catch one of the rental car people where they're not doing their math well. But in theory, they're going to put some kind of limitation on you to keep you from doing to their car what you were doing to yours, which is destroy its value.

Right. So, so so what you're saying is you're not going to hide the shit.

You're not going to hide the P.

It's under one of the shells. OK, not usually.

Now, again, you might catch a rental car company that didn't put some kind of limitation on you just two days a week. And this is probably you're probably not doing this for 10 years or something. But but what I what you're probably you're probably your cheapest mathematical option is to buy an inexpensive car. Ten thousand dollars or so that you just use for this because you're destroying this old Honda Accords value or this old maximize value or Impalas value. Our focus is value or not focus.

You don't spend that much time on a focus, but but, you know, whatever. But I mean something medium sized. It's reasonably comfortable. Yeah, but you're just knowing that you're just you're wearing this thing out. It's a cost of doing business and that's probably what you're going to end up doing. Our Scripture of the day, Romans 15 for for whatever was written in former days, was written for our instruction that through endurance and through the encouragement of the scriptures, we might have hope the difference between the impossible and the possible lies in a man's determination, Tommy Lasorda said.

Oh, very interesting.

Eric is with us in Orlando. Hi, Eric. Welcome to the Dave Ramsey Show.

Hi, Mr. Ramsey. How are you? Better than I deserve. Sir, how can we help?

So I got a lawsuit from my credit card for nonpayment, and I spoke to a lawyer who advised that I filed for bankruptcy and I wasn't to see lawyer. Yes, yeah, well, asking a bankruptcy lawyer if you're bankrupt is like asking a dog if it's hungry. Yeah. How much is the loss of Eric? Twelve, 12000. What do you make? Of less than 10000, why? I'm working two part time jobs, one is like eight dollars an hour and the other is twelve dollars an hour.

You're not working too much. Yeah. How do you work? Thirty one. Yeah, what's what's wrong and what's what's happened when your brother sounds like you've been kicked around. And how come you don't have a full time job, Eric? Well, after college, I played, but I didn't have any help, and what I lost my last job with the pandemic.

Mm hmm. So what was your last job, sir? I was bussing tables that afternoon. OK. And you're 31. Yes, why did you go to school for. Creative writing. OK. And do you live with your mom and dad? No, I live with roommates here in Florida. OK? All right, and you have twelve thousand dollars on a credit card.

How much other debt do you have, including the twelve thousand dollars? That's twenty thousand dollars in debt.

What is the other eight? Mostly medical bills. OK, what kind of medical problems have you had? Nothing major, I just had, like E.R. visits. OK. All right. OK, let me tell you what I'm hearing. And you tell me, you tell me if I'm wrong, OK? OK, I hear that you have a pretty extreme income problem and meaning you don't make any money at all, hardly.

And that's not a putdown. It's just where you are right now. And meaning that that is more of a problem than the debt is. In other words, if we could.

Double your income. Today, I can't. But let's just pretend I could wave a wand and double your income, then we could address this debt very quickly because you figured out a way to make it on nothing. You figured out a way to make it on ten thousand dollars. And if you had another ten thousand dollars a year coming in, you'd be able to pay this off real quickly, couldn't you? Yes, OK. And you're living below the poverty level and so income is our question, what do you feel like is holding you back on your career?

I'm just trying to get my foot in the door, I suppose. OK, I tell you what, I don't think you're bankrupt, right? I think you have a career crisis. Yeah. And the credit card company, even if they sued you, there's not anything they can get. Because you don't have an income that they can get a hold of and you don't have anything in your bank account that they can get a hold of and you don't have any assets.

And so you're what we in that world call judgment proof. And so, sir, I think what you have more than anything else is I think we've got to do something to get your career going and get your income up. And so if you do that, I think very, very, very quickly, you would be able to solve this this problem. Do you have a car?

Yes, I do. OK, what year is it? 2004.

OK, I think I would be delivering pizzas five nights a week or six nights a week if I were you if you were doing that. The people that we work with around the country that we're doing that are making fifteen hundred dollars a month, which is eighteen thousand dollars a year, if you did that on top of your income now, that would almost triple your income and you'd be able to dramatically the bad dramatically impact this. The bad news is you don't make much money.

The good news is a little bit of a move will greatly impact your situation. And so we've got to get working on the income side of your equation, because even if we waived one and you had no debt today, you've still got a mess because of your income. Would you agree with me on that?

Yes.

OK, Eric, you're in Orlando, Florida, and you have a very reliable car. Any reason why you haven't tried Uber? Could you know, the average Uber is making between six to twelve hundred dollars a week. So have you tried that?

Especially with Orlando being a very busy city and they're they're open. And that's something I can look forward, look into currently I'm working two jobs and I've been getting like I'm doing 15 hour days, working almost over 50 hours. But you're making. Yeah, but you're not making any money.

So it might be that one of those jobs needs to trade out for a better job. Absolutely. Or both of them need to try it out for better jobs. I'm not sure.

So here's what we're going to do. We're going to help you, OK? Number one, I'm going to put you into Ramsey plus for a year, which includes all of the Financial Peace University and the every dollar budgeting app to help you with your money. But that's not your issue. Number two, I'm going to connect you up with Ken Coleman. And can we just have Ken call Eric offline and give him 20 minutes as a favor to me can Eric is our career specialist.

Here is the Ken Coleman show, which on 65 radio stations around America, and he helps people with their careers. Yeah. And and I'm also going to send you his book to read the proximity principle and see if we can help you do something. And it could be in the tech world, it doesn't have to be fancy and it doesn't have to be that you get a Ph.D. to a degree to go do something. We've just got to get you thinking differently about your income side, because I think, honey, that's where you're struggling.

Yeah, if I could I know that's where you're struggling.

And so you could file bankruptcy if you want to, but it's not going to solve your problem and you will regret it down the road.

And you'll still be right back there in no time because you don't have an income. Yeah.

And that's what's going to get you.

So, Eric, I really want you to look at Uber right now. Yes. Yes.

And or delivering pizzas. I don't know. What is their limitation on a 2004 car? Is it. You just can't be no older than I think it's 15 years. OK, well, to be 16. Will it be 16? Yeah, OK. Yeah, I got to count to help you with your math here. Financial guy. Thank you. But yeah that yeah.

That I don't know, I don't, I don't know what that but even if you didn't, even if you did lift, I don't know what the limitations are on all that. But the bottom line to it, you can rake leaves man and make more you're making right now is not shovel sand.

You're in Orlando. But yeah, I don't know, there's, there's lots of things you'll be able to do. You hold on. We're going to try to help you, Eric, because I think you're not bankrupt, honey. I think you're just scared. You don't know what to do. And we'll come around, put our arms around you to see if we can help you get this thing moving. Hold on, Miss Kelly. I'll pick up for you.

There's two sides of the equation, folks on the income side, the outgo side, some of you don't have to do Uber or pizzas some of you have at your fingertip fingertips.

A small business idea that you could just start, yeah, but as long as there are leaf blowers at Home Depot, there are rich people who are afraid of leaves.

You got a job somewhere, folks. So there's something you can do somewhere. There's pressure washing that needs to be done. There's something you'd be amazed at, what you can dream up to make money and start your little small business idea and get all that going. Thanks, Anthony. Thank you. Dave Childs and Kelly Daniel in the booth. I am Dave Ramsey will be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial piece, and that's to walk daily with the Prince of peace.

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