Transcribe your podcast

Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. But Dave Ramsey show your that is dumb cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. Ken Coleman, Remzi personality host of the Ken Coleman Show and career jobs expert, is my co-host today. Here on the air, open phones, a triple eight eight two five five two two five.


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


Jarrin is with us in Fort Worth, Texas. Hi, Jaron. Welcome to The Dave Ramsey Show. Hey, Dave, again, how are you? Great man, how can we help? So I've got a situation, so I've got a 20 year old F 150 I've had since I graduated high school and I'm in baby step two and I'm spending on average, probably five to six hundred a month and just keeping this to continue to go on and on.


So you back out. It broke in.


Do you outside of work, can I just replace the tires, put a new battery in it and not that I'm not mechanically inclined. I don't mind working on the truck. I kind of see it as a half hobby.


But as much as I'm spending on a truck five to six hundred a month, it's hard for me. And I know how you feel about purchasing a new car. And I've been looking at used cars and I'm trying to see what's a good point to what would be a good used car for me to get into. I know what I need to get into, but I'm thinking that I'm probably going to need to be right around twenty two thousand. Good Lord, get into any car.


You're driving a fifteen hundred dollar truck and you're going up to 22000. Well, it's 20 years old, I know you're drunk, but what justifies a move from 1500 to 22000? Well, reliability, you got to be kidding me. You're probably right, I am sitting here, so, yeah, you got you got you're really close, you are really pissed off about this truck breaking and you have got truck fever now.


Yeah, yeah. It's probably the best way to put it.


I don't blame you, but I don't think we're going to I don't think the way you punish the truck is by getting one and making yourself bankrupt, so.


OK, so what do you make of. What do you make a year?


So I'm a self-employed contractor, so my, my, my or my net is between 20 to 50. I've got seventy two thousand dollars in the bank. I've got I'm finishing paying off my baby step to finish paying off this eight thousand dollar loan here towards the end of the month. I've got. Sixty thousand dollars in retirement. So you have no doubt you're only debt is eight thousand dollars and you have seventy two thousand dollars in the bank. Right.


OK, well, let's slow down a minute, because baby step two, the way that works can is you take all the money that you don't have in retirement and you pay off your debts. So we're not going to wait till the end of the month. You write the 8000 check when you hang up. OK, now you're debt free. Now you're debt free. Your own baby. Step three. And we need an emergency fund of three to six months of expenses.


Sounds like 15000. I'll cover for that.


And so we're going to move out of the twenty two thousand already and in a separate account. OK. And on top of the 72. Yes. OK, so you got it now.


Now I understand a little bit more where the truck was coming from. OK, now we're down to you have your emergency fund funded and you're debt free. OK, now we talk about paying cash for a truck and here's the guideline to guidelines. Well, one of them has to do being out of debt so it doesn't apply because you're out of debt. We just took care of that a minute ago. And then the next one is that unless you have a net worth in excess of a million dollars and what you described to me doesn't indicate that you don't buy brand new, you buy used and you don't want to buy a anything with motors.


All the things you own with motors and wheels don't need to add up to more than half your annual income. So what did you pay taxes on income wise in 2019? In twenty nineteen, I only made twenty five thousand. What will you make this year?


This year, I'm on track to make over one hundred and thirty seven thousand. That's all the money in the bank. OK, so what do you think your average income is going to be for the next five years? My average income for the next five years. The next five years. I would like it for it to be between 75 to 100000. OK, so you can buy 2000 our truck, then I will recant. You don't hear that very often, but I just backed up.


Well, to be fair to you, you didn't know that there were 75, I don't know. Seventy five dollars million in the bank either.


He's got 64 left over after he pays off the 8000. Yeah. Plus a nice emergency. But I wouldn't buy a new truck.


No, I'd buy a one year old, one or two year old and let someone else take the butt kicking on the depreciation and buy. But I just reacted to 1500 to go into 2000.


But yeah, you've got now you got your value out of that first one.


And I would as long as here's the trick, OK? The we all all of us.


And you're in the construction business. I grew up in the real estate business. We have a tendency to rationalize purchases of things with motors. And you have to be careful with that, and I thought that's what you were doing, OK? You don't have a history of doing that, but I thought that's what you were doing.


And you are a little bit closer before I found you. Yeah, you would have.


I mean, cause and if you don't look up, you've got up because everything that has motors on wheels goes down in value. And you can't get rich putting all your money in stuff that goes down in value. It's kind of a basic math thing. Right. And so that's where the ratio comes to limit your purchases of things with motors and wheels total to be less than half your annual income. And so, you know, what is your end?


Because you just they go down in value.


If it's got a motor on it or wheels on it, it goes down in value. And so it's OK to buy those things.


I've got a bunch of cars and boats and crap, but they all total up to considerably less than half my annual income.


And it's not prohibiting me then from building wealth. And that's the principle that you're doing in your case. Now that I got a better picture, I think he's OK by truck, do you think? I think so, too. The only I challenge him with is he's doing very well. I mean, this is a young man who got his baby steps out of order, but he's going to pay off the ground right now. And now he's in really good shape.


He's he's on, you know, baby step four and he's in it. Kids already doing that. He's already doing babies up for essentially looks like with his retirement. Here's the one thing I challenge him with. I want to know why he felt like he needed the truck. And so if he says, well, can I haul a bunch of tools? Because the construction nature, you know, I'd look into something my father-In-law has done very successful.


He's got about a ten thousand dollar SUV and he's got a very nice trailer that keeps its value because he carries all of the tools in the trailer. So he's still so now the value stays the same because the trailer is something that is a piece of equipment that will haul a truck on a construction site. It's one thing. Yeah, feet up. That's it.


So I don't know, does he have a brand new Silverado going through a mud puddle? Is is a Chevy commercial? Yeah. Out here in the real world, some derald his other brother, Darryl Buck, back a bobcat up into it. Yeah, it's the truth. Ah. Throw a concrete block in the middle of it. That's what we're getting out here in the real world. Oh, you can tell.


I've been around that. All right. This is the Dave Ramsey Show. I keep hearing stories from people on my team telling me how much they love honey, one of my developers, Brandon, told me he uses it all the time. The browser extension I've been telling you to download always tells him if he has the best deal on Amazon and he gets the e-mails every time there's a price drop. He said he doesn't even know how much it saved him, but it's more than he paid for it, which is free.


So listen to Papa Dave. Download honey for free. Join honey dot com slash Dave. Ken Coleman Ramsey personality is my co-host on the air today, if you've got questions about career jobs, we've got just the guy in the house to help you. We talk about life and we talk about money.


And that includes your career, including how you make money. Open phones, a triple eight eight two five five two two five. We'll talk to you about whatever you want to talk about.


This is your show. Well, in a sense, it's our show. But we want you come on it.


Eight eight two five five two two five.


You jump in and we will talk.


And Ken, the career piece. It has evolved around Ramsey as a natural growth out of of this, because there's two sides to this equation, income shot in the outgo side. And so oftentimes I tell somebody they got to work on their income side.


That's right. And we want people to not just have a good job. We want somebody to be in a place where they're in the role that they were created to fill. You know, we believe that every man and woman was created to contribute. And so if you look at the way we look at work, the way that Ramsey solutions, Dave myself, all the other personalities, we believe we were created to work. And we don't just work to live to be able to pay the bills and maybe make a few memories.


It's to be a blessing. You told us again today, reminders. We all set it together. We are blessed to be a blessing. And so that's where we come at this work thing. It's, hey, you can actually do work that you're good at, that you love, and that creates a result that matters to you. That's the formula, talent, passion and mission all coming together.


Rachel and I were talking in a different show. Rachel Kruzan about her four year old, had swept the kitchen and got a dollar and did something else going to the dollar and up to six bucks and decided to buy Polly Pocket. Right. And she's walking around like she's just gotten the Pulitzer Prize in economics.


The kid is. Yeah, our little Amelia. And so work gives dignity. Yeah. When you're working, it gives you and you see it physically, you know, look, look, you stick your chest out. The pride physically, their body language changes. Yeah. They start with their shoulders back, chest out and go, mom and dad, I did this. Yeah. And they're looking for affirmation. Work gives dignity is to.


It's a very good point. There's two parts of work, so it's not all about us. So work does create this dignity and this sense of meaning that we see. I earned this. See, the paycheck is is not even about the money. It's that we earned it. I worked. And little Amelia, she swept the floor. Mom, check the job. She's good job, Emily. She gives me a dollar and all of a sudden Emily realizes I earned this.


And that's why she feels so good. Her shoulders go back and she feels great. But then the next level is when we realize that all work is honorable and work creates a result. And when we see the result of our work connect to other people, we go, Oh, this isn't about me. I'm giving my effort. I'm giving my talent away to make my world a better place, then true meaning happens. And that's significant. You know, you can as I say on the Ken Coleman show, you can do work that you're just good at.


No passion. The mission, the results of the work doesn't connect. But you can do that and you'll be successful. You can do work that you're good enough. Yeah, well, but this is sadly, most people, they see work as a utilitarian task. I do this and I get money. Now, you can also do work that you actually love the work, but it doesn't create a result that swells your heart, that makes you feel like you are on a mission and you'll be satisfied.


But significance comes where, again, you use that formula. I use my talent as a tool to perform work that I just love the work. It's not about notoriety for Dave, it's not about money for Dave. Dave loves teaching men and women principals that will help make their life better. He loves teaching. We've talked about it many times off the air. Dave's a teacher. He loves the the actual work of instruction. But it is when you instruct people with life changing wisdom that helps them do the things that changes their family tree.


See, that's the result of the work. So talent is what we use to do work we love, which is passion to produce a result that matters deeply to us because we see the results of the work and there's a connection to and that's what everybody Ramsey Solutions is, is focused on.


We all are here no matter what our role is, to provide hope.


Yeah, well, fishing's good, golf is good. But too often times when someone retires two years later, they're dead.


You can only play so much golf because, well, the golf or the fishing didn't kill him. No, it was like a purpose. That's it. It's nothing to little flame has been extinguished, unquote. That's right. And it changes. You need to have something that you're putting your hand to and it doesn't necessarily have to tie to an economy to to actual money exchange. But there has to be some sense of dignity to what you're doing with your life.


And that's why I've told the gang around here, I mean, there'll be a day that I will not be the CEO here, but I will be on the air as long as I make sense and I will be in the building spreading hate and dissension as much as I can. So it's like a gift of mine. So it's time for me to do that.


Open phones, a triple eight eight two five five two two five Karens in Tempe, Arizona. How can we help Karen?


Hi, Dave. Thank you for taking my call. Sure. So the question I have is I have three rental properties, one I own free and clear. The other one I owe ninety five thousand dollars on. And then the third one, I like to ten, and I'm thinking about selling that one, and I should net after fees and taxes, I should net about sixty thousand dollars. And my question to you is, should I take that 60 and put it on the rental property that I own ninety five thousand and try to get it paid down, or should I just keep that money and put it in an investment or in savings?


So you're debt free other than this. I don't have a car payment. I live with my boyfriend and he pays the mortgage on this house, our money does not commingle. So, you know, I pay for groceries and things like that. Yeah. And I have a student loan debt. Sorry, I do have to go on the student loan. Eleven thousand. Do you have any money in the bank?


About 6000. OK. All right, well, we teach thing called the baby steps and can that would lead her to first get rid of the third one.


That's right. But we want her to say you are she sells that house and takes that 60 pays off the student loan. Then we wanted to put her three or six months emergency fund, get that fully funded because she has no debt of 6000 is not enough. No.


For a rainy day for what would be three months of your expenses. Well, how much? I don't know, probably like three thousand dollars a month, so not while you're close 10, 12000 bucks, something like that needs to be in the emergency fund, not six.


And you're debt free. And then I would start working to pay the other rent off with any other money. I've got left over after that.


OK, so the main goal is to always be debt free, and the the reason is because when you don't make payments, it's easier to build wealth.


Well, that's what I was thinking, too. It's like if I if I don't have that money going out, that's more money that I can save.


It is a simple formula. That's it. That's the one. And you don't overcomplicate it. It's that's how people build wealth. It's the shortest distance between where you are and an additional layer of wealth for you. So very well. Very well.


Open phones about eight eight two five five two two five. You jump in, we'll talk about your life and your money.


Tiffany is in Flint, Michigan. Hi, Tiffany.


Welcome to the Dave Ramsey Show. Hi, David, thanks for taking my call. Sure. What's up? I guess I just have a lot of things on my plate right now and I'm trying to figure out the order and I have to get through it all. I'm currently going into my last semester in the fall to get my master's in public health education. And I also have twenty five K left my student loans that I am working to pay off and the jobs that are available to me.


So I'm obviously applying for jobs now because I'm through with all my main coursework, the jobs that are available to me without any experience. So I don't work in that field right now are about what I'm making right now. I currently make about forty two for a little bit less. So it's kind of I don't know if I should, I don't want to stay in my current job. Kind of like what you were talking about earlier. It doesn't fulfill me at all, but I can't tell you.


When we come back from this break, we will unpack that for you and try to help you out with that. And and we've got a debt free scream. This is the Dave Ramsey Show. 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 is right for you by visiting S.H. Ministries. Doug c h m is a proud sponsor of Dave Ramsey Live Events.


Ken Coleman, Remzi personality host of The Ken Coleman Show, talking about careers and Jobs, is my co-host today as we talk about your life and your money. We're talking with Tiffany coming into the break. Tiffany is in Flint, Michigan, and has the opportunity to make the same money, but going over into her field at forty two thousand. Is that a fair summary, what you told us so far? Yeah.


Yeah. And some of the jobs that have that will take limited experience are a little bit less. So I guess I'm wondering, is it OK since I'm still paying off my debt to go down to be able to go up, or am I like settling in my debt, burning and my career? Why don't you take the one that's why don't you take the one that's even.


They're a little hard to come by with no experience, I guess what I'm saying.


OK, so we thought that you could get some lower level positions that would be the same money. How much difference is there? So the ones you're talking about, well, you have to go down a little bit, be specific. What does that mean? How far down, how much money, how much less money are you making? Well, I make 20 right now, I'm seeing like 15 to 17, but that feels like kind of a big jump to me.


What is your degree? I'm getting my master's in public health education. So are these entry level public health municipalities, you know, so are you single, married, do you? The reason I ask is do you have the time to be able to work an extra job plus the schooling to make up the difference? Because you're talking about three grand on the 17, five grand on the 15th. So if you can make up the difference, it might be worth it.


But that's a time issue. Do you have that time? I mean, after after I graduate, I would OK, this next couple months, I'm going to be finishing my capstone.


Well, then here's what I would tell you. I think you need to finish the degree, keep going on the baby steps. You're not you're not putting yourself behind in the life journey here. This is a situation where your debt, plus your schooling are dictating what you need to be doing right now. So here's the deal. Relax. You're doing a great job. You're on a wonderful track. You're going to be out of school. You're going to be debt free.


And then we look to make the move into the career field right now. Stay put. Yeah.


If you can make more money or the same money, that's fine. Yeah. But when you're taking a 25 percent pay cut, when you go from 20 to 15, that's a 25 percent pay cut. That's not going to be OK to start with. You weren't making any money to begin with and now you're down at the poverty level when you start talking about that so. Well, yeah, OK. All right.


On the debt free stage and Ramsey Solutions lobby, right here is Miguel and Emily. Hi, guys. How are you?


Hey, Dave. We're so excited. Thanks for having us. Well, we're honored to have you. Where are you guys live? We live in Mineola, Kansas. Bond, welcome to Nashville. And here to do a debt free scream. How much have you paid off?


It was one hundred and thirty five thousand dollars. So how long did this take? Seventeen months. Wow, that's impressive. Making what kind of money?


During that time we started out at ninety thousand and then we got Emily on board and we jumped up to 140 and then now we're kind of back to 115. OK, cool.


So Emily went, took a position. Is that what happened at a second job. Our second job. That's a nice second job. Fifty grand.


It took a little bit to get there but we got there. Wow. OK, what kind of debt was one hundred and thirty five thousand. It was Sallie Mae. We kicked all the women out.


God give her her eviction notice. Yes, I like it. So how old are you two. I'm twenty seven and I'm twenty four.


And you paid off all of your debts. You're debt free. Millennials kick Sallie Mae out. You're not victims of Sallie Mae. You took her down through her butt in a straight way to go.


Thank you. So proud of y'all.


Very, very cool. How long have you been married? Two years. OK, cool. So tell me about this. Tell me the story. What happened after you get married? You got a few months, you're going along and then you're like, oh, this just got real.


Well, it started off about four years back. I, I just graduated college at thirty thousand in debt and luckily I went back home and I started farming. So I got a job getting fifty thousand a year and I thought, I need a new truck, you know, it's like, you know, like, hey, I'm making more money I ever thought I would. So luckily my my previous boss, he was the farmer I was working under.


He said, before you do that, how about you go listen to Dave Ramsey? And I'm like, who's this guy? I've never heard of Dave, you know? And so sitting in a tractor, I was like, all right, let's listen in. And everything you said wrong. It just made sense. And so I said no to the truck. Wow. And I paid my loans off. And then about a year and a half after that, I paid him off and then we got married.


And then there was her student loan. All of my debt.


I love it. Very cool. So, Emily, what does all this sound like to you? Because you're marrying this guy who's been riding on a tractor. Listen to a crazy guy on the radio.


Yeah, at first I was like, are you are you kidding? I just got out of college. I haven't had any money ever at this point, you know?


Yeah, I know you're telling me I can't have any money. Exactly. Yeah. Wait a minute. I'm broke. I got a hundred dollars in debt and I didn't do it right either.


Like everything you say don't do. I did. I saw the first two to three weeks.


It was bad and we were fighting quite a bit.


I was listening to you every day and she was like, nope. And your name was a curse word in our household. It's all your fault.


Yeah, but luckily she got a degree in nursing. So like you say, that's one of the jobs where you can always work some more. So once you got on board, it was it was pretty, pretty easy. OK, so Emily, what converted you to from being across from us being a cuss word, are you thinking this might be a good idea? It obviously wasn't his skill, right.




Well, I was thinking, you know, later we want to have kids. And that is one thing we could wipe off our plate and not have to worry about anymore. As far as like our fighting over things like that would be one thing we could just do away with. And there you go, staple. They're so kind.


And so you started going, oh, tell me a little bit more, even though I don't like you right now. Exactly. Yeah, that's how it goes. I mean, Sharon and I, we got a huge fight over how much food money goes in the food envelope.


What are you buying over there? Gold bricks. She's like, genius. You go there and try to shop for a family of four with that amount of money. We're dying over here.


I'm like, spend money like nothing where this horrible fight over the envelope system way back we were we were not a lot of.


Daniel, when that happened and broke, broke it all up, changed it around, way to go, you guys. You did it. Yeah, you're totally weird. Yes. I mean, you paid off everything. How's it feel to be free?


It's fantastic. It feels amazing. We can do so much more now when a government program. No, it was a it was a Mogollon Emily program.


You know, just roll up your sleeves and get her done.


I'm curious real quick, Dave, how are your dreams changed now on the other side of this debt? And this is still a very young married couple, you're in the early stages. How have your dreams changed?


That's a good question.


I think in the beginning, you know, we were like, oh, we're going to settle down and have a family. And then we kind of started looking at the numbers and we're like, OK, maybe we should, you know, dial back and start from square one, get rid of all the stuff that we don't need, which is the debt. And then at that point, like now we can we feel free to do anything because now we can have kids and not worry about that extra, you know, so and we have big plans to someday adopt and, you know, Foster.


And so it's now it's like that's attainable. We can do that now. And so it's an amazing feeling to feel that way, you know?


Yeah, cool. Miguel, what was your degree in?


I actually psychology. So I quit farming about halfway and then I started in social services, so I worked to kind of keep the kids in the home.


Oh, my heart, which is a heart for adoption and fostering that. And I was adopted. And so it's kind of like I want we want to pass that on. Forward to somebody very neat.


Very neat. Who are your biggest cheerleaders? We actually brought them along. Oh, wow. It's Emily's parents. All right. It is very cool.


They were really, really supportive.


And they you know, we couldn't go over there all the time and they kind of understood that. So they came to see us quite a bit. That's perfect. We also had my parents and some friends, Darmody, who let Emily stay when she worked seven in a row, let her stay at her house. We wouldn't have to travel so great.


Well, we got a copy of Chris Hogan's book for you every day. Millionaires' a hundred and thirty five thousand dollars paid off and seventeen months making ninety to 140 it down. Let's hear a debt free scream.


Three, two, one word. That's how it's done, baby. I love it. That is so awesome. Well done, you two. Very, very, very well done. This is The Dave Ramsey Show. Ken Coleman Ramsey personality is my co-host today here on the air. Welcome to The Dave Ramsey Show. Josh is with us. Josh is in Chicago. Hi, Josh.


How are you? Hi, Dave. How's it going? Hi, Ken. Hey, how are you? What's up on that?


Nothing much. Just give me a phone call. My wife and I have been on the baby steps since December now, and we're on baby steps, a good home. And I'm giving a phone call because we're in a weird situation now. We live in Chicago and we found our apartment last year that was pretty affordable for the city and for the location. However, the maintenance is terrible. Well, we found another place, which is about three, four miles south of us, which is not like the most ideal place, but it's a nice area and the rent is about 200 bucks cheaper.


We just want to know, should we take a quick pause and use the money that we saved to pay something else off? So goatherds of moving. So you're moving why for 200 bucks? Yeah, you said the maintenance was terrible. The meanness is terrible at the place that we live now in Chicago. Yeah, OK, so what are you paying in rent? Right now, 75 in your household incomes, what? Ninety three thousand. OK.


And so what's it going to cost you to move four miles? About 700 bucks. OK, so you don't break even for four months on that, right? Right. OK, but after that, you're saving two hundred dollars and you're in a better situation, right? How much debt have you got? We had one hundred and five thousand, we paid off 40000. So we're at 57 now. Good job. Very cool.


Well, I mean, it makes sense to have a cheaper rent and a better place. And you're not talking about spending too much money to move.


I don't you anything. I don't see any problems at all. And you can always save you know, you might lose some friendships over it, so maybe get some really strong acquaintances to come help move.




You never ask good friends to move, Dave, but if they if they're mediocre friends and you could do life without them, you could always say a little money and have your friends come over pizza and some 12 packs or whatever and some good guy friends that'll help out. I just a little bit. But you can always save money on a move like that across town. Yeah, but 700 bucks with his income. Yeah.


Talking about a big pause there now and it's going to and you're saving enough on the rent to recoup that. Yeah. You told me go spend three thousand dollars. Well now you got 15 months to recoup and I'm thinking yeah, not so much, you know, proper deal with it and talk to the landlord about the maintenance issues.


But I think I would move along. You're not breaking a lease.


That's the other thing you can't afford to have to my former landlord chasing you while you're trying to get out of debt either. That doesn't work. Ben is in Springfield, Illinois. Hi, Ben. Welcome to The Dave Ramsey Show. Hi, Dave, how are you? Great, how can can I help? Thanks for taking my call. So a little background on a recent four year college grad. I spent a month or two after graduation, just my job applying for a career job really related to my field and no luck.


So I started a part time retail jobs three to four weeks ago, although it's only been on the floor for about a week or two after my training. I applied to this job under the guise that I could probably and potentially be there for quite a while, full time, just as long as I didn't find a good salary job. If so, then in the last week or two. I heard back from one of the places that just took forever to get back to me, and I've had two interviews so far and it sounds like I'm on the top of the list of prospects I should be hearing back in the next couple of days.


It has full benefits, which my current job does not have as a very comfortable pay for me being a single guy just right out of school. So I'm intending to take the new job offer if I'm offered it, especially if it's on the higher end of the pay that I'm expecting. But that being said, I have really enjoyed the retail stuff so far at the department. I enjoy it. And I kind of feel that I'm passionate about the staff are really friendly and they were in need of employees from my department.


So ideally, I would take this new salary job and then I would work the retail store part time on evenings and weekends for at least six months or so. So I didn't feel like I was leaving them hanging, but I also just started there. And so they were under the impression that they were hiring me just to be full time and stuff. I don't want to leave them hanging. So my question is applied for this job, but I very likely could be starting soon.


Or if I only are you not the top 10 of the twenty two, OK. And the job you have applied for pays.


What kind of money? The one that I might be starting says, yes, they didn't. They said they haven't decided yet. Typically, the average feel the average position in that field, which would be a marketing kind of marketing director position online, it's telling me somewhere between 30, which I would definitely be happy with right out of school.


So, Ken, if he has not if they not even discussed money with him, he's not getting close to an offer.


Yeah. So what you're doing is you're giving us a hypothetical. So if if they come back and if they offer you this job in the field you went to school for and the salary makes your heart flutter a little bit, you're asking, what should I do? Am I a jerk if I leave the part time retail job? Let's address that first, because that's really the heart of your question. That's a good question. It's a very good question.


Person of integrity ask. It's high values, high character person. And the answer is you're not a jerk if you get a full time offer at a company in the field you went to school for and presumably you want to stay in that field. Now, that's the only question that I would really have, is, is there a ladder at this this opportunity not just, well, it's got better, better benefits and better pay. Is it does it have a ladder?


Meaning that either there's opportunity to grow there at that company or this position, get you that entry level experience, you need to actually get you prepared for the next rung on the ladder, maybe even somewhere else. But we get this question. A lot of the Ken Coleman show and here's the deal, doesn't make you a flake or jerk. You applied for this gig before you got the part time retail thing. Things change. I think the offer to work part time, which you already are for a season until they can replace you and not leave them hanging.


What a wonderful gesture. You're single 22. You got the time. That's a nice touch. Not necessary. You don't owe somebody peanuts. What you owe them is honesty, transparency, integrity. And if you say, look, I applied for this, it's now here, it's in my field, I want to do it. I feel badly. Don't want to leave you hanging. How can I leave? Well, replace myself or work for a while until you find somebody.


I think that's all that you really have to do in this situation.


That's more than anybody else in retail does. Retail turnover, people like they turn into ghosts like underwear. They just don't show up the next day. It's all gone. You're a good dude. Yeah. Yeah. So you're way ahead of the scope on that.


I will warn you about one thing I heard three times in the way you describe this, that you're measuring this by the money and the benefits. Yeah. You're more money and benefits will come to those who find there what Ken Coleman calls sweet spot. And you get in this area that you're good at and you lean into it and you're passionate, you're creative, you're growing, you're learning money and benefits will come to those. So you need to find something where you're lining up with that.


And if that's what this is, that's wonderful. And I would definitely do it. But this idea that there's a, quote, good job when you're 22, that is going to be what you do the rest of your life with that exact company. Exactly the way it is.


Average person has 14 to 17 positions in their life in America today, right?


That's exactly right. And the only time I heard him use the word passion in that phone call was actually talking about the retail position. That's what he actually said. I'm really passionate about this kind of work. So what happens if he's training for a job? Well, it's the check, yes.


Because here it is. We've trained young people. Our culture has that. You take the safe job, the smart job. And in this situation at twenty two, if it's not something you want to do the rest of your life, don't do it. Stay in the part time gig until that becomes full time. That's the only time our passion in the conversation don't be so responsible that you're miserable.


You know, you end up call my show fifteen years from now like we hear every person that fifteen months from now.


Oh, that puts us our the Dave Ramsey Show in the books and. This is James Childs, producer of The Dave Ramsey Show, you can listen to Dave Rachel Cruze, Chris Hogan or the rest of the Ramsey network anywhere with the Ramsey network app on your smartphone. Catch all of our full shows, browse by topic or send clips to your friends, head to the App Store and download the Remzi Network.


If you're looking for fun and practical ways to save money in your everyday life, you need to check out The Rachel Cruz Show, a podcast from money expert and my daughter, Rachel Cruze. Hey, guys, it's Rachel Cruz. And I'm so excited to tell you about my podcast. A lot of people are living paycheck to paycheck. They're in debt. They don't even know where to begin. But they have this need this want to get in control of their money.


And if that's you, you have come to the right spot. So in each episode, you get a ton of inspiration and practical advice. If not, subscribe to the Rachel Corrie show podcast. Make sure you do it today.


Hear more from the Ramsey network, including the Rachel Cruz show wherever you listen to podcasts.


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.