Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where that is Don King and a paid off home mortgage has taken the place of the BMW as the status symbol for children. I'm Dave Ramsey, your host, my co-host here on the air today. Christine Ramsey, personality. No, our two time number one best selling author, including the latest bestseller Every Day Millionaires. We're here to answer your questions about your life and your money.

Open phones at triple eight eight two five five two two five. That's triple eight eight two five five two two five.

Samantha is with us from Salt Lake City. Hey, Samantha, welcome to the show. How can we help you, Dave?

Hey, Chris. It's great to talk to you guys. You, too. Oh, my gosh. You guys are so awesome. First of all, you guys have helped me so much. I'm mean, Chris's book right now, Be a Millionaire. I'm a baby. Step one I'm working on in the thousand dollars saved up. And I'm also going to be sexy. My question is, I know that you guys keep that snowball from smallest to largest.

However, like, for example, if I have a little more money to pay from the last place I was that does that take I guess, does that take any sort of like look for the word here, move it up in the baby and move it up in your debt snowball actually.

Well, I mean. Right, right. What is your what is your situation with them?

Are they going to show you tomorrow or have they said, oh no, for now you can or you're paying them payments or what?

Yeah, I mean, I understand the payments right now, but I'm just asking because I have a lot of, like, old debt from medical bills and student loans and stuff like that. So I was just seeing how much I should do about it instead of doing like small software instead, you know, stuff that's like more urgent to pay, not not by means of interest, per say, but just means of like, you know, paying paying people off before you pay off companies sort of thing.

Because I feel like the people need it more than the credit card companies in the student loan companies and stuff like that. I do and everything, but I'm just not sure.

So how much have you got total and how about a forty thousand dollars? I mean, right now I am doing worse than average. I don't have a sort of any sort of job right now because of covid and everything. So I make about, I would say, 600 hours a week doing those two things. So I would say maybe forty five. Forty forty five thousand a year.

OK, what is your largest debt in student loans? It's like probably around fifteen thousand dollars in student loans somewhere around there.

And other than student loans. Twenty five thousand. Get out. Right. Mhm. Yeah. Yeah. And Samantha are you current where you're currently living right now. I am. OK. All right. All right.

How many deaths are you not paying payments on today. Um, well, I'm in the process, I just went and listen to that song, so I guess I haven't gotten to court.

How many, how many, how many deaths or six months or more since I've gotten any money. Oh, I would say most of them, I guess, because of her medical incidents that for so long.

So you're just you're in default on most of this. Yes. You got a payment plan with the landlord.

So you're paying that the old landlord.

You got a lot of medicals that just been sitting there six months, a year or two years. Right? Right. OK, here's what we're going to do to debt. Snowball debt. Snowball number one is everything that you are paying payments on. Now, that snowball number two is everything that's in collections and in a default that you're not paying anything on anyway, which probably includes the student loans right now. It does.

OK, all right. So that, you know, debt snowball number one is the old landlord and anything else you're currently paying payments on, which doesn't sound like a bunch.

No.

And we're going to list those smallest to largest. We're going to let the other set because they've not been getting any money anyway. So, Chris, let's not give them any money.

No, that's exactly right. And but when the time comes, Samantha, as I tell people, if you can't afford to pay, you can pay attention. Right. And so that means reaching out and communicating. But right now, you've got to focus on this active list. And I'm going to tell you the next step for you is going to be stability and income coming in, you know, whatever the food delivery stuff that you're doing. But you need to dust off your resume.

You've got you've got an income problem. And that income problem is leading you to have these other issues. And so there's no more waiting on the job.

You need a job, you know, so setting up setting up the the things you're paying payments on, on a straight up debt snowball things you're not being paying payments aren't just set them over the side.

They're not being get money anyway. We're on your way as fast as you can through that debt snowball. Then when you get to the ones that are in default, then you can list them off and you can attack those in whatever order you want. Smallest to largest, best. But if you've got someone that's an individual friend that you owe five hundred dollars to, that you want to put at the top of the list, that's fine. Right before you start dealing with the fifteen thousand hours of student loans, it would be up there anyway.

Now each one of those you're not going to call the whole bunch and start payments, you're just going to call. Right first one on the list and finish the deal up with them. Now, it could be that that's an old credit card. You can pay them in three years. They're going to be surprised to hear from you. You owe them 5000 dollars. They'll probably take two thousand dollars a settlement in full. And so you save up to two thousand dollars.

You work a settlement in full lump sum payments on every one of those in the second list. No payment.

I know that you guys say like to wait till the end of the month to negotiate something like that, because that's the best time of the month. The last week to call them.

It doesn't matter. You can do that, but it doesn't matter. The big thing is, is that you build up a pile of cash that is a portion of what you owe and you offer them that and you settle that lump sum, you get it in writing and no electronic.

They thank you for bringing that up, but getting it in writing, if they won't put it in writing, it's not real. They're just fishing. And so if they'll put it in writing and send that to you now what you get ready to pay them, pay them with a certified check. You keep a copy of the check in your file and you keep moving down the list.

Yeah, good stuff. Well done. Open phones at eight eight two five five two two five. Let me tell you what is magical about Samantha.

For the first time maybe in her whole life, she is taking control of this, she's happening to all of this mess instead of all this mess happening to her, we got old bad debts, old bad landlords, old bad, which means there's a pattern for years that this has been going on. And I'm so proud of you, Samantha, to go.

You know what? I'm not going to let stuff happen to me anymore. I'm going to start happening to stuff. Oh, Dr. Stephen Covey said in the book, The Seven Habits of Highly Effective People. The number one habit was highly effective. People are proactive. They happen to things. Things don't happen to them. Yeah, and you can hear it in her voice. She's she's got she's been taking in the information, but now she's starting to get confidence and that confidence.

That's where the game starts to change. And here's what happens. You knock off a couple of those and you start to feel like a wet kitten, but like a lion coming out of the jungle. I mean, you get you get the roaring, you know? Yeah. This is the Dave Ramsey Show. Hey, folks, it's Ken Coleman, I love my burst sonic toothbrush. Studies show that smiling improves your physical and emotional health and makes you more likable.

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Morgan Ramsey personality is my co-host this hour, open phones and triple eight eight two five five two two five. Dan is with us, stands in New York City. Hi, Dan.

How are you doing? Hey, Chris. Thanks for taking my call. Certainly. How can we help?

Well, me and my wife will be having a baby in May of next year. Yay! Yeah. So basically, I'm looking to get some insight on the best way and how soon to get the baby set up. Right now, I just have jotted down in front of me five twenty nine opening an index fund and the baby's name maybe putting the baby as an authorized user on my credit house and all of these things. Which one should I go for?

The last one. Never. They should never be an authorized user on your credit card.

You cannot you can't form a fast.

I'm sorry, but I'm not as far as like, you know, giving them access to a card when an older but just to have them build credit. I don't want them to build credit because I don't want them to go into debt. Yeah.

I mean, I do fully understand your views on credit cards, but I was just wondering if that was like just something good for you, you know?

Yeah. You can't understand it because you're suggesting it, OK? Yes, yes. Yeah.

I just wanted to know but for real, that FICO score, all it matters is how much debt you have, how long you've had it, the type it is, and the likelihood of them giving you more. So I don't want your kids. I want you to grow up. I want them to be weird. I want them to never know debt because their daddy had his act together.

So as far as the 529, he has to be born and you have to have a Social Security number so you can apply for the Social Security number after the child is born. And then you can open the 529 or an essay or an index fund. In all cases, you will be the custodian and the account is open in the child's name, but you're in control of it. And so I would just start with the 529. I wouldn't fool with an index fund that's going into the 529.

Going is a good step.

And that's only if you are at baby step five. I mean, you're out of debt.

And Dave, I know I've heard you say this, but I want to reiterate for people out there, if someone is in debt and they're considering adding to their family, are you telling them to wait until they're out of debt before they add to their family? No, I know that.

I just want to say, you know, again, we don't pick marriages or babies based based on whether we're in debt or not.

Right. But in all cases, whether you're married or not, whether you're having babies or not, you need to be working your way through a plan to get out of debt and build wealth in every case. So that's what we're going after. And so in Dan's case, it's pretty simple.

The only thing I would do of the three things he was asking about is I would do the 529 and get that started.

If you're at baby step five, the great news is he's obviously going to be a great dad because he's thinking about all these things.

He's intentional. And overall, the best thing you could do for the kid is to get through those steps, like keep working the plan yourself and don't do anything that puts you going backwards at all, that allows you to make progress for yourself and his baby. Congratulations, Dad. That's awesome.

Mitchell is in Chattanooga. Hi, Mitchell. How are you? Good day. Hi, Chris. So over covid, I became an insurance broker and I found Art Williams and through him I found you. And my question is, I've never been a ten ninety nine contractor, but I'm also still working part time as a way to employee. And I don't know how I'm supposed to file for those or file one at a time. I don't know how to start with that.

Well, I probably get a tax professional to help you do it, but it's fairly simple. Ten ninety nine. You're self-employed and it is a it's a sole proprietorship of a business.

And so you have the W-2 portion of a standard tax return and then you just fill in what's called a Schedule C and schedule C list the extra income onto ten ninety nine and any expenses associated with your business.

And the difference is called profit and the difference is taxable.

OK, great. That's all I wanted to know.

Thank you so much. But I want to thank you for reaching out because a lot of people are going to find themselves in that situation. Dave, when we at one point had 58 million people unemployed, you know, people that are working Hustle's inside Hustle's. And so you start to get these tax forms and keep them in one place, but you want to reach out and deal with the professionals that can guide you the right way. And I know our our tax endorsed local providers.

These are people that are in this game all the time and they know exactly what they're doing.

Yeah, that's what I do. I just check on one of those, because here's the thing. You may be able to write off some things that you don't know about and you may not be able to write off some things you think you can. And so it's worth it if you've got a Schedule C, if you've got some self-employed stuff to get a pro on it, just click help. Dave Ramsey, dot com. And those guys will help you get that done.

But it's a fairly simple process. It's basically a little profit and loss statement is what the Schedule C is. It's your income for your business, minus the expenses for your business equals the profit or the taxable income of your business. Rikki's in Louisville, Kentucky. Hi Ricky. Welcome to the Dave Ramsey Show.

Thank you. Hi Dave. Are you great man. How can I help. I made a mistake and I had bought a car. I'm a little a little more on the network right now and I'm trying to figure out the best option to work on baby stuff while I'm trying to find the best option to, I guess, get rid of the car without having to, like, voluntarily surrendering so I can get a thousand dollar car to roll with it and save my stuff up and pay my debts off.

OK, so much to go on the car.

Right, about 11000. And what's it worth? I'm looking at currently work, it came out around 6:00 a.m. Did you roll over another car loan on top of this long? I did not. How did you overpay that much for the car? I think I was just desperate to get a car and I wasn't really looking at what I needed to do before the Kelley Blue Book was a trade in value or a private sale value.

Other side, I'm not. To be honest, I'm not 100 percent certain on that. And I think at least I can tell you, to be honest, you're looking for private sale, which is more than trade in trading.

What a deal will give you for it. And so what is your income?

It fluctuates right now, I'm on a 10 99 income, but I'm averaging about eight hundred a week on that. OK, you know, you're so far upside down.

If this number is accurate, if that is the actual private sale number and you're five or six thousand dollars in the hole, 50 percent on this thing, it's only eleven thousand dollars. You're making fifty thousand dollars a year.

I would go ahead and just pay it off. I would just put it in your debt, snowball and attack it and get it paid off, because I don't think trading out of it is going to do you that much good.

If you trade out of it, you're moving from a five thousand dollar car to a 1000 dollar car and you've still got a six thousand dollar debt because you've got to borrow the difference.

Mm hmm. And they said, so by the time you do all of that, I just pay off the 11 grand. Yeah, just get it out of your life, Ricky. That's where he had to have looked at the Trade-In. I mean, yeah.

I mean, that just sounds too far off that he got screwed. Well, I mean, I don't know which it was possible.

It's very possible. But if listen, you get to throw your shoulders back, start to get intentional and, you know, you're already looking at ways of bringing in money. You keep hustling. Just get this thing out of your life, but just take care of it. Right. You want this thing to continue to run so you can continue to make money? Yeah, that's exactly right.

Open phones at eight eight two five five two two five. Chris Hogan Ramsey personality is my co-host today here on the air. Chris, I think cars, we don't talk enough about cars. They are. I love cars. I'm a car guy, but they are a financial trap.

Oh, my goodness. And, Dave, not only is it a trap, but it can catch you at the most inopportune time. I remember back years ago, PD is pre Dave. I did this stupid. I went looking. Y'all ever going looking. You just go browsing. You didn't intend to buy, but you go looking and guess what looks like a patent, a stray dog.

It'll follow you follow me home. The vehicle came and a payment. So guess what. I don't go look now I don't browse so be careful what you look at because you can do some stupid I go to buy. That's right. There's a difference. Cash, payment, cash. Is this the Dave Ramsey Show? At Takeover's, we believe a great pair of cowboy boots won't just make you look taller. They'll give you the confidence boost that'll make you feel taller, too.

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In the lobby of Ramsey Solutions, Kyle and Emily are with us. Hey, guys, how are you? Good. Hey, Dave. Right here on the debt free stage, which can mean only one thing. You're here to do a debt free scream.

I love it. What do you guys live out at Oklahoma? ADA, Oklahoma. Yeah. Oh, my goodness.

Our CFO, Mark Floyd here is from there. Oh, my God. And so, yeah, we've got some great ADA stories around here. I'm just like that.

All right, guys, welcome. How much have you paid off?

We paid 170000 off. All right. How long did this take? About 10 months.

Good for you. Very cool. And.

What was your range of income during that 10 months? About 140 to 150. Good for you. OK, what do you guys do for a living? I'm a nurse practitioner in an emergency department and and I do administrative work.

OK, so you either had some money in savings to throw at this or you sold something.

Well, I wish we had money in savings to start, but we we started with nothing, but we sold a few things to kind of get jump started, some small things.

But the biggest help was I signed a loan reimbursement contract with the National Health Service Corps, two years service commitment for fifty thousand dollars. Oh, that was a big chunk of it. And then the other 57000 we did. And yeah. OK, that makes the math work. Okay.

Emily, tell me, what did you all pay off. We paid off a minivan, credit card and student loans. Student loans.

So lots and lots and lots of student loans. You had many a minivan. You've got two little ones. Oh, well, we only have two.

And it took me a while to figure out, you know, needing a minivan. But it's been a it's been a blessing. Very cool. Well, you got it paid off. It's great. So what happened 10 months ago that let you guys on fire? I'll let her do this.

Maybe a trip to Hobby Lobby, OK? Shortly after my purchases call calls and he says, hey, we don't need to spend any more money. We basically have enough to cover the bills until we get paid again. And I just got off the phone and I felt confused. I felt discouraged because I had just went back to work from being a stay at home mom. He had finished school, started his new position in the E.R. as a provider.

So we had just doubled her income. Yet here we were not enough money by the end of the pay period.

So just paycheck to paycheck. Just so what did you do? Well, I at first start thinking we need to increase our income. Yeah. And then some our brains are we'll all go back to school. And I thought, well, no, they don't have to take out more student loans. So would we would it really help? And then I thought, no, we need to change our behavior with money. And I called Kyle and I said, let's pay off this debt.

Let's change our behavior with money. Let's do the Dave Ramsey plan. Let's actually follow it this time.

Oh, so you had already knew who we were? Oh, yeah, yeah, yeah. It was kind of a Ramsey ish or not. Not even that. Yes.

I found your book at Goodwill a few years before.

OK, so it's basically a Kostner though, on the call. It was a coaster. Yeah. We, we read it and we said, oh, we should definitely do this. And at some point we'll do it and now it's time start the Hobby Lobby trip broke the ice.

Yeah.

Yeah. But once she said she's she's ready to do it, I said this is our chance.

This is like in the nerd was like, whoa, she's on board. I'll, I'll do anything. Wait a minute. So who's the nerd.

That's me. Oh. Okay.

So anything with charts and figuring out the math, I mean when we first I said I think we can get this paid off in eighteen months if we really buckle down and then you know, we kept crunching numbers and saying oh well maybe like thirteen months or would you have considered that service contract if you weren't in this big game that you're end.

I mean I got to win the game here. Right. I got lucky. So that's what's going through your nerd head. I know that's the way my brain works.

Fortunately, I you know, I, I was able to do it at a place where I was I'd been working as a registered nurse for him for a couple of years. And that opportunity came up and and they're one of the hospitals that you're able to do this with. And so much like you were going to be doing it anyway. Yeah, it was it was perfect. And, you know, now if we if we would have done it outside of this, you know, I still don't know if we would have just buckle down and finally done it, but it came at a perfect time, I think, about five or six months into it.

And so that was a big, big day to convince God.

When you start doing smart stuff, God looks down and goes, oh, yeah, there's one I can trust. OK, that's exactly right. I'll give you a little. But you were done before, so I wouldn't even give you any. But yeah, I think he does that. I really do. How much was the student loan debt.

About sixty four was mine and she had about three or four thousand. So I did the majority.

She had the minivan and the mini van. Yeah. Yeah. I got to contribute something here. That's a great way to go.

You got did you have any major cheerleaders throughout this journey?

I would definitely say our two boys, Dathan and Miles, Dathan was a huge motivator.

Yeah, he's he's our eight year old and he was on board right from the start from it. And I always watch the show and podcast with us. And I was in school one day and I had a teacher telling a story about this girl that wanted to help people in California get solar panels for everybody. And she said, you know, I'll even help fill out loan applications for him to do all this. And he raised his hand in class and said, why would she do that?

Like, why would she let them go into debt for this?

So that was it. I said, we've done it, we've we've got 10 years old like this in California. Oh, my God.

Way to go. I love it. He's a he's a big fan.

Well, congratulations, you guys. We're very proud of you, but way to go. And you brought the kiddos with you.

Bring them in. What are their names and ages?

So we have a date then who's going to be nine in a few days? All right. And then Miles, who's five?

All right.

Very good looking boys, looking family. Well, so what do you tell people?

The secret to getting out of that is definitely for me.

It was knowing the why and my wife was for financial peace because every day I wasn't too thrilled about it, eating a peanut butter and jelly for lunch and not going shopping. So I definitely had to know the why and remind myself of that daily.

And mine was the root of it was just being intentional, just intentionality, like waking up every day. And and we had things to show us our goals and keeping track of all the dead and making sure I, you know, balance the budget every day. It's not something it was a habit for either one of us and just being very intentional. And again, it goes back to all of it, budgeting, knowing the why and and focusing on it.

I mean, you did all of it off of a total money makeover book from Goodwill. Yeah. How in the pocket watch the Fat Cat. And then we just we just consumed everything after that, so. OK. All right. Very cool.

Yeah.

So now that you're done ten months, a real peanut butter and jelly beans and rice, was it worth it? How's it feel? Absolutely. Oh my gosh. It's we still it still feels so surreal. Not, you know, not having a payment, not having I mean, we have a house payment, but not having any other payment in the world is a pretty good feeling. Yeah. Pretty cool. Yeah. Pretty cool.

And is not gonna let you get solar panels, let you pay all the cars, go dissy accountable. Oh man. Oh I love it.

We've got a copy of Chris Hogan's book for you Everyday Millionaires, the number one bestseller. And of course that's the next chapter in your story. You're going to be millionaires.

That's pretty cool. How old are you two?

I'm 31, 29 for thirty next month, so probably by 40 or so you'll be there maybe thirty seven.

Something like make you make good money. You're going to be right there. Well you don't you don't to continue sacrifice at this level, but just continue to be intentional and limit it. And that's what we saw when we studied the millionaires.

That's right. Be hyper intentional, get connected with the smart Vesterbro and let's walk this thing out.

You are very cool. So proud of yourself. Very well done. Well done.

All right, Dathan and Miles, you guys ready? They're ready. All right. Here we go. Colonially Death and Miles, all from ADA, Oklahoma.

One hundred and seven thousand dollars paid off in ten months. Make it one 50 or 100 to 150. Count it down, not zero.

Debt free scream. One, two, three.

That. Oh, they had been rehearsed a few times. I like it, they read like it and they had a long drive. Well done you guys. Oh, so when is it going to be your turn? Yeah, I'm talking to you. Yeah, you. Your turn. When are you going to decide to say never again put yourself in a position to win with this stuff. Slogan Ramsey Personality is my co-host today here on the air, open from like eight to five five two two five, that's triple eight, eight to five five two to five.

Kathy is with us from Minneapolis. Hi, Kathy.

Welcome to The Dave Ramsey Show. Thank you so much.

I hope you both are doing well. We are. How can we help?

So my question for you is, I'm at the end of the divorce where at the time where where the division is happening of assets. I was awarded the homestead. It has a mortgage and a hillock on it. And after the Quadro and the division of all four one KS, et cetera, I'm getting a payment of three hundred and ten thousand dollars, but two hundred and some thousand dollars of it is in. Ross, and I'm wondering if you would advise me to refinance the house or if you feel I could use the money to pay it off?

What do you owe on the whole? So the mortgages, 52000 thousand, but it was a 10 year mortgage, so the payments hefty, it's like over three grand a month and the helike is one hundred and seventy five.

Oh, is that how much is outstanding on the balance? Yes. OK, yes. And OK. And so, you know, two and a quarter. What's the house worth.

It's worth about six hundred.

All right. You got children at home. So we have one minor child and two adult children. OK, and a minor child at home with you he is and he splits his butt. His age is, what, 16?

OK. All right. And what do you make?

So I've been a stay at home mom, but I do have my real estate license, so I will most likely. Continue to do real estate, I just dabbled in it, but, you know, I can I can amp that up. But I do you know, I do get a pretty substantial proposal. Like how much? Like sixty eight or sixty five hundred a month.

OK, yes. Kathy, what does this house mean to you? Is there an emotional tie to this home? Yes, and it's where my kids want to be your kid, you have kid. I mean, I have kids like two year olds. Yes, but, you know, it's it's you know, it's on water. It has a pool. It's, you know, it's like a country club. It's a beautiful house and it needs love, right?

Well, and I ask that because you lived with what the kids wanted and I need to know what Kathy wants.

I want to help. OK, so what? So because I received as a birthday gift a financial analyst for my sister, my sister bought that for me. And so when we were doing all of the calculations, this gave me the greatest, you know, financial future by by keeping the house as opposed to then having to go buy some bull crap. That's that's ridiculous. This money invested in other things could give you a much greater rate of return than owning a house that you can barely hang onto by your fingernails when you only have an income yet and you're rebuilding your life emotionally outside of that financial analyst and wrong.

OK, now, if you want to stay in the house, I'll help you fight to stay in the house.

I'm looking in from the outside as your older brother, who has not been involved in the emotions of the divorce and had my heart ripped out and stomped on by muddy boots, I have a different view of things than you have, OK? You're still trying. I'm going to just step all over you. Are you ready?

Can you handle it?

OK, you're trying to. This house represents the past and the good parts of the past. And you want some of that.

And I think there's a future and it doesn't have to be this year, but it's not worth cashing out your retirement to hold on to this thing. I think you get out there, hustle some real estate, use your 6500 dollar income, and you pay these stinking payments and you hold on to this thing. And a year from now, when the last one is getting ready to go off to college, you should decide if you really want to be in the country club business anymore, OK?

Because I think you move to a different property.

That's part of your emotional healing in your fresh start. That is not as strenuous as this one is, because every time you walk in a room in this place, something some bell goes off for the rest of your life.

I don't disagree with that. Yeah, you get a chance to redefine your new future moving forward, and as much as I talk about dreaming in high definition, you've got to now learn to dream again of what this is going to look like for you moving forward. And your 16 year old doesn't get to be a shot caller. Don't get a vote on. No, they don't. They're not. This is about you. They're going to look at that pool in their rearview mirrors the way by.

Yep. Sorry, I'm breaking your heart, Mommy. It's been a long day for you. But you know what, Dave?

It's good. She needs to hear that because she's going to be in the driver's seat now moving forward for her and her future.

Yeah. And you can probably pull this off. And here's the thing. If you wait a year. And then you decide to not take our advice and cash out their retirement and pay off, and you keep it because I was wrong. There's no harm in that. Mm hmm. The year didn't cost you anything except some strain making three thousand dollars a month payments. But you can do that and you've got some other money involved in this situation, too.

So the overall answer to your question is, I predict that this house is not a permanent part of your future. I think you will find higher and better uses for your life and your money than the protection of the country club. But I might be wrong. So camp it out for a year. Tough it out for a year. Cash flow it out for a year and let's see where you end up. Then let's see how the real estate business is going and see where your heart is.

You'll be in a better decision, better position grief wise to make that decision at that time.

The good news is you don't have to sell it today and you don't have to pay it off today. Yeah, but it is a strenuous year ahead of you.

If you don't, it isn't. You're going to need to sit down and do some math because this hundred and seventy five thousand on the hillock, you're making an interest only payment on this.

And that's OK for a year, right? It's OK for a year. But after that, you need to decide, OK, I'm either going to refinance this and work my way through these mortgages. I'm going to use some other cash or I'm going to use some of the Quadro, pull it and dump it on this thing. But I disagree with the premise that this house singular, this particular house is the highest and best part of your financial future.

What was it? A financial analyst. You got a birthday. What she said. Analyst. Yes. Analyze this.

You know, I mean, you can take your she ask his opinion, she ask our opinion. She gets she grown lady. She gets to decide she knows where.

I disagree, though. That's what I do understand, that real estate is an excellent investment. And I do agree with that. I do agree this piece of her asset base will grow maybe more than the other asset pieces, and she finds great comfort in it today.

But I really think that some of that I know from having worked with ladies after divorces that held on to things I could barely hold onto to try to keep the past alive. And I've just been through this conversation like 8000 times in 30 years. So I think you're going to find something different at the end of the year.

I might be wrong and I'm OK with being wrong. I'm OK. And you can say that Ramsey was wrong if you want to.

That's OK. Yeah, I'm good with that. But if I'm you, I'm going to just sit there for a year and let's see where we go and let's get some healing behind us. And you've been through a really tough time getting so very hard, hard time, because what you're describing, the numbers you're describing here are twenty five or a 30 year marriage. And there's some real. Stuff that has gone on here that we haven't discussed and we don't even know what it is, but there has to be this amount of money being transferred back and forth.

Sixty five hundred dollars coming your way.

It's very unusual. And so there's there's some very painful things that go with these numbers that have to show I'm sorry, sorry you've had this year. You've had I'm sorry that things didn't turn out the way they were supposed to, but I would not cash out your retirement today to do this.

I really wouldn't. Thank you for your call. Chris Hogan, thanks for hanging out this hour.

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