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[00:00:23]

Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios, that's the Dave Ramsey Show where debt is dumb. Cash is king and a paid off home mortgage has taken the place of BMW as the status symbol of choice. I'm Dave Ramsey, your host. Chris Hogan Ramsey, personality number one, best selling author, is my co-host. This hour. Open phones at eight eight two five five two two five.

[00:00:52]

We're going to talk about your life and your money. And it turns out, Chris, that those two things are interwoven.

[00:01:00]

Oh, Dave, I'm going to tell you, you know, my boys used to play with Legos and I've stepped on a couple of things in the middle of the night, went down like I was shot. But the point is, is that those pieces fit the burglar alarm.

[00:01:12]

It is right there in front of the front door. But they fit connected. And you're right, this life and money stuff, it's going to go together and you can't drive them apart. Yeah.

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And this idea that, you know, we Americans with the way we have learned kind of a Greek methodology of thought of critical thinking, we'd like to compartmentalize things like some things are on Sunday, like church, and then people do weird, wacky stuff that I'm going to do a church on Monday.

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And, you know, they compartmentalize different parts of the well.

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That has nothing to do with that well. And has everything to do with that, because it's all part of the mosaic, it's all part of the picture. And these things all work together.

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Your dreams, your fears, your goals, your hwi, your family tree, your upbringing, your jobs, your careers, your character, your lack thereof.

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All of these things end up being woven together. And we've seen over the decades of doing this all the data points that ensure that that show that that's true. So we're here to help you with your life and your money.

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Tiffany is with us in New York. Hi, Tiffany. How are you?

[00:02:23]

Hi. Thank you so much for taking my call. Sure. What's up? So I've been dating a guy for about three months and last night were hanging out and he dropped that he plans on spending about five hundred and twenty five dollars on a psychic. I immediately felt uncomfortable. I told him that I thought it was a silly idea, but we kind of like to do it a bit as to why he felt like this person, but this person could do for him.

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But, you know, things have been going well up into this up until this point. But definitely I think I I've been doing baby for almost two years. I started with seventy thousand dollars of debt. I'm down to about 12000. So I'm on the tail end of my journey. And so hearing that definitely perked my ears and made me nervous.

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So I guess I'm wondering, like, what is it like the five hundred twenty five dollars or the psychic.

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No, Rose, I mean, and also just now, when you put the two things together, it gets like really nervous, is that what you're saying?

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Exactly. You thinking that he could be irresponsible with money and thinking about, you know, future casting? I think I have a flash forward to five years from now. Oh, my gosh.

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If I marry this guy, is he going to tell me how long have you dated this guy?

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She said three months. Did you ask him, OK? Yeah, well, she started off with long term and then said three months. OK, but don't. Well, that's that's cool. So OK, so how can we help?

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I guess my you know, I've kind of been hit with this a lot in the early dating. You know, I'm a single woman in New York City, and I guess I wonder what are the filters in terms of money? Because I found myself thinking, oh, are we not financially compatible? Yeah, well, I mean, there's two issues.

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Yeah, there's two issues. Not No.

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One, having talked with a lot of the single ladies that work on our team here. And, you know, I get to hear some very interesting conversations over here, some very interesting conversations in Tennessee.

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We call it Slim Pickens, but there's not a lot of good ones out there to pick from. Right. And this guy has kind of proven this theory to be true.

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So I you know, the five point twenty five dollars, if he were spending it on something else, doesn't necessarily scare me. But you called me and Chris and we're people of faith. And so we think psychics are funny. I am also a person of faith, and I think tactics are funny. You're not a respecter of that methodology. Yeah, that's a lot of money to spend on voodoo. So, yeah. What have you talked to him about, your financial goals?

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Has he told you what his are?

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I'm not super clear on what he's are, but I mean, you know how it is when you get into this journey. You can't help but talk about it all the time. So, yeah, he knows my goals. How old are you guys?

[00:05:29]

I'm 29. OK, I've got a my daughters are slightly older than you. My sons are about your age. The only way I know how to answer this is Papa Dave and I has nothing to do with financial. Really, it's your values are not aligned.

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You believe different things. And that's more important than the five hundred twenty five dollars. The five hundred twenty five dollars is an exceptional amount of money to spend on something where your values aren't aligned.

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So it really caused you to go. But you know the. If you were one of my kids, we're having a cup of coffee, I would just go. This guy is not the one. And the reason is, is that if you can't agree on spiritual things, if you can't agree on money, you can't agree on kids and you can't agree on in-laws. Those are the four things that break everybody up. Later on, as you said, I fast forward and now he's spending 5000 with the psychic because she's now our marriage counselor.

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And and that's what you're fast forwarding yourself into. So I'm just that's just Papa Dave saying you don't have the same set of values. Now, if you both were into psychics, I guess you could go forward.

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But the fact that one of you is not into that, then that's going to be a deal breaker. You you got to be aligned on the important things. And religion is one of them. Yeah. Tiffany.

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Yeah, run. Don't don't don't stroll away. I want you to treat this like debt at all.

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Yeah, yeah. OK, you're going to be OK, honey, just just when you meet the next. Here's the thing. Find out crazy early and then avoid it.

[00:07:01]

Here's what's interesting. OK, you put your money towards what's important to you now. And so if you put a lot of money towards something, it says it's very important to you. So this guy is not like a recreational psychic guy.

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He's in deep recreational psychic is a fifty dollar drop by for kicks at some Faya or something. Right. Or a twenty five dollars.

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Let's see what the Palm reader says. Ha ha ha.

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That's like a recreational gambler. But this guy dropped to 525 dollars on the blackjack table.

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And you don't believe in gambling. That's what got your attention.

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There was enough money that it's like, wow. And so there's there is a one two punch here.

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Yeah, that's a really good conversation. You said that dollar amount. My wallet twitched my pocket.

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Yeah, well, that's because your wallet is pretty tight. So you're just type, you're a type.

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But that's I mean you're friendly. You have to look at that and you say that is a red flag.

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Right. Again, it what we're talking about coming in to the opening a show today is that your values, if there is an integrated thing here.

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And so sometimes people say, I'll take Dave Ramsey, but without the religion, well, then it wouldn't be Dave Ramsey, because I truly believe that what you believe causes you to handle money a certain way. And so as a person of faith, when I believe that the borrowers truly slave to the lender, then that causes a separate set of actions, reactions and attitudes. Yes. And to the extent I'm not aligned with someone on that, then I can't be in a deal with them.

[00:08:32]

That's right. No Smoking is my co-host today. This is The Dave Ramsey Show.

[00:08:55]

During these crazy times, the best advice I can give you is control the controllable. Let's start looking at major expenses like your monthly rent or your house payment.

[00:09:05]

Folks, mortgage interest rates are so low, now is the time to invest in your future. In just 10 minutes, my friends at Churchill Mortgage can share ways to save you serious cash through a smarter mortgage plan to speak to a specialist, call triple A loan 200 or go to Churchill Mortgage Dotcom. This is a paid advertisement in MLS ID one five nine one in the MLS Consumer Access Dog. Equal Housing Lender 1749 Mallory Lane Sweet one hundred Brentwood, Tennessee three seven zero two seven.

[00:09:43]

Chris Hogan Ramsey personality, is my co-host today here on The Dave Ramsey Show, number one, best selling author, a couple of times over as your insurance company ever bumped up your car insurance for no freaking reason? Well, this is pretty maddening when this happens, especially if you're giving it your all to get out of debt. And then I just want some of your money.

[00:10:03]

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[00:10:29]

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[00:10:33]

So don't put this off. Don't put up with it. Don't tolerate it. Say never again. Go to Dave Ramsey Dotcom slash LP and click on insurance and get started right now. That's Dave Ramsey, dotcom slash LP.

[00:10:47]

Mercedes is with us in Toronto, Canada. Hi, Mercedes.

[00:10:50]

Welcome to the Dave Ramsey Show. Hi, thank you for taking my call. Sure. What's up until your maternity leave? Until February. And I want to ask how to ask my husband to be able to kind of be a stay home mom. I don't really feel like I want to go back to work. I feel like I really want to spend time raising our little ones.

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Oh, what a great goal. So does he make enough money for your living?

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Yeah, like he makes about nine seventy five.

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What's that mean. Oh, like nine hundred seventy five thousand nine hundred and seventy five thousand dollars a year.

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Yes, OK, I think you could probably freaking struggle through it. It's not so much the finances as it is. I think he has a worry that I'll never go back to work, so.

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Like, I don't know, I think because his mom worked like three jobs, so I know he makes nine hundred and seventy five thousand dollars.

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I know Mercedes, when you were working, how much did you make?

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About 90, OK. I think yeah. And that we're comparing it to his right. And how many kids do you have. One just. OK. OK, here's the deal.

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Sharon Ramsey. Went home to be a full time mom when our first daughter was born 34 years ago. Yeah, she has never worked in the workplace since. She is engaged in a lot of ministry boards. She sits on a hospital board.

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She is engaged in being a full time Maemi to six grandbabies. She raised three wonderful children.

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I call that an incredible career.

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I need to. OK, I just don't know how to get my husband on the same page. It's about it. It's going to be sitting down and talking to him from the heart. I mean, just point blank.

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I mean, it's not like you guys need the money. This is why this is so flabbergasting.

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Yeah, so I know why.

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Why does he go do all of that if it's not so that your family can do what they want to do? I know. Like, I just don't see the point in paying like a nanny right here, though, what I can do because they're fortunate. Well, not here and not since you don't want to.

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OK, yeah.

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So if you want to be outside the home and have a career and that's your aspiration and you want to do that, then no shame on that either.

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Absolutely. But but this idea that somehow motherhood is full time, motherhood is not a is somehow to be shamed or to be looked down upon is absolute B.S..

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Well, I think we're seeing this that's where you've got to talk to him and lead with the heart and talk about how you are you wanting to work, but you're wanting to work with your kid. It doesn't make you a freakin second class citizen. No, not at all.

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But why do you. I guess I kind of feel that way.

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And I don't know whether was but the only call that market we call that mom guilt. Yeah. Christy Wright talks about that a lot. Mom, moms can't win because if they work, they're guilty. And if they don't work, they're guilty.

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Mm hmm.

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Know, it's like mom like guilt is built into the whole program or something. I don't know what it is, but how long have you all been married, Mercedes?

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Only a year and a half. You know, what's Boyka do for a living? And we gather about seven. He's an investment adviser. I guess he's right.

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OK. OK. Wow. It's so impressive. He's doing so well. I don't know.

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I think that, number one, I just want to give you encouragement to say this is not crazy. It's not irresponsible. As a matter of fact, it is a high dignity position worthy of I mean, someone was Abraham Lincoln's mother. Someone was Billy Graham's mother. Someone was, you know, and these are high call.

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This is a high calling. Mm hmm.

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And so someone was Martin Luther King Jr.'s mother. I mean, this is a high calling and it has dignity.

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It has value. It is worth equivalent to anything you could do in the workplace. No shame, no guilt, and should be no hesitation financially or economically.

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I agree. And Mercedes, I'm going to tell you this. Don't go into this thinking. This is a one time conversation that you're going to sway him or get him. This is going to be a series of conversations. But I want you to lead with your heart. Don't try to go factual. Don't go any of that. Just what your heart wants. And then what happens is it boils down to he has an opinion and you have an opinion and now you got to begin to work through this and you may have to reach out to your pastor or to a therapist and go have this conversation.

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But if you don't stand for it and show you're serious about it, then he's not going to believe, you know, just turn off the television, take his phone away from her, set the baby in his lap and point at the baby and say, what's more important than that?

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Or take off for about a week later. He will find you. Honey, I'm telling you right now, your value just went.

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I told seven years ago, I said, if you leave, I'm coming with you.

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If you decide you're going to run off, I'm coming to I was expected for her to say that that that she made the majority of the money and, you know, and it was a smart saw.

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No, that is.

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Wow, I can't breathe. Tony's in New York. Hey, Tony. How are you?

[00:16:37]

Hey, Dave. Better than I deserve. And I should take my call. Absolutely. How can I help? Yeah.

[00:16:43]

So I actually just discovered you guys about a week ago, so maybe a blessing in disguise, but so I'm twenty four and I'm making about one hundred and seventy five right now. A lot of these people come from.

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What do you do for a living. I and I work for a Silicon Valley tech startup.

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I'm in the cell. Yes you do. What do you do. I sell. I'm going to sell the party and you are killing it.

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You know what a stud man. I'm so proud of you. Well done. OK, now that I'm over my shock, how can we help?

[00:17:17]

Yeah, well, here's what the thing is. Two weeks ago I decided, you know what? I'm sick and tired of renting New Jersey rents is, you know, crazy. And I guess so are property taxes and all that jazz. But I did some quick math and realize I spent about fifty two thousand dollars in the last two years renting and it just went, you know, it kaboom. You know, I never see that money again. So I made a decision.

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I'm like, OK, let's look into buying a house or not a house, but a condo. Right. So over the last two years, I've got about 100k in the market and then another thirty K and just like emergency fund savings that I pushed up because of covid. So I'm sitting on some pretty good money. But I also have this student loan debt that's about forty two thousand.

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Write a check and pay it off today. Yeah, I know you're going to suggest that it's had zero percent. Who cares if a zero percent is OK?

[00:18:12]

And I'm like, what if it was 400 million? You still pay it off today. Even if it was zero percent, you don't want it hanging over your head. So what do you think I did?

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I don't want to take money out of, I guess, the market in the indexes. So do you think I should rent again for a year so I have to sign a year lease or do you think, oh, man, I thought you told me you had one hundred thirty thousand dollars and forty two thousand in student loan debt.

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That leaves 90000. 42. Yeah, exactly, but that would be mostly and in the market and I was saying, I don't really want to take the money out of the market.

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I kind of want to go to different markets. We're talking about here there's a real estate market you can put it in or there's the stock market. You can put it in. If I woke up in your shoes or you are killing it on the income side, I would be debt free. I'd have an emergency fund and I would buy a property with the other down. Tony, I'm paying off, buddy. The way there's a girl named Tiffany in New York that used to date a guy that like psychics, she'd probably like to get to know you.

[00:19:09]

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[00:19:55]

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[00:20:18]

Chris Hogan, Ramsey, personality, best selling number one, best selling author a couple of times over, is my co-host today on The Dave Ramsey Show. Ian is with us in Boston, Massachusetts, says on my screen, and you are debt free. Congratulations.

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Yes, I am. Thank you. Very cool. How much we paid off? Eighty eight thousand. Cool. How long did that take? About four years and five months.

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Good for you and your range of income during that time.

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I'm a little under 100 to 120. Cool. What you do for a living. I'm a retail manager at a supermarket. Good for you.

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So what kind of debt was the 88000 dollars?

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Well, most of it was credit card debt, about 52000, 31 on a vehicle, which I still own, and 5000 in medical debt. Cool.

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OK, so you pushed through four and a half years doing this pretty steady.

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Good push. So what got you started on this whole thing?

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Well, I'd like to do a shout out to a friend of mine that I also used to work with this guy Ramone. He got me he showed me your program and explained everything to me and kind of got me excited about it and made me realize that I could pay this off much sooner than I originally anticipated.

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Very cool. Made you believe. Exactly. Exactly. Good to have good friends.

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Yes, it is. And what was the biggest sacrifice you made over the last four and a half years?

[00:21:48]

Well, to be honest, I kind of did the Davis thing for the first couple of years. And once I took a financial peace university for the first time back last July, I got really excited and started selling everything and paid it right off. OK. All right.

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So that moved you from Ramsey ish all the way into game on.

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That's it. I'd say it got me excited. Got me fired up and wired up. I love it, man.

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I'm proud of you. Well done.

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How old are you? I'm 35 years old. Cool. And how long and how does it feel now that you got no payments?

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Oh, it's a weight off my shoulders. You know, it just makes me more more dedicated, more focused in my everyday life, whether it's personally, you know, in the workplace or whatever the case may be and gets me gets me a little stressed out, you know what I'm saying? Hey, man. Yes, I do, buddy. Financial peace, too.

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Words don't go together like airline service. That's right. Very cool. Very cool. Well done. Well done. Well done.

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So you really I'm guessing student loans, you probably have never been debt free during your adult life, have you?

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No, I have not. No, that's pretty cool. Now you're free. I love. Yes, I am.

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I'm excited about it. What do you tell people? The key to getting out of debt is just getting focused. I mean, to be honest, you know, just you need someone in your corner. You need someone to help you stay focused and get through. And that's what I found so great about the few class, which is people in the same situation saying, you know, hey, I have this problem, but I can get through it and you can get three hours as well.

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So it really helped me get focused. And, you know, support teams is the best part.

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Yeah, sounds like it's a good class because there's no shaming, just encouragement and go and do it. Do it. You can do it. You can do it. Right.

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That's it. Very cool.

[00:23:34]

That is fantastic. Well, Ian, listen, I want to tell you, buddy, be careful because stupid's around every corner, OK? You just battled and scraped and clawed to get out of debt. Just keep your defenses up and keep your eyes on the prize that's fully funded. Emergency fund is the next step. And you could do it with the same intensity.

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And we'll see. Absolutely. We'll send you a copy of Christmas book every day millionaires, because that's the next chapter in your story, my man.

[00:23:57]

Very, very proud of you. All right, Ian. Eighty eight thousand dollars from Boston, Mass. Paid off in four years and five months. Megan, 100 to 120 countdown.

[00:24:10]

Let zero debt free scream three to one. I'm free. Yeah. That is awesome. So Diana Chris with our customer care team just sent me, Remzi concierge's team just sent me this email. She said, you have to read this on the air from Linda. At 10 years old, my daughter purchased her own house for their own money on horse. I'm sorry.

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That's better than a house at 10 years old with their own money this hour, who knows?

[00:24:47]

But for twenty five hundred dollars, she had saved these funds through several job opportunities, but mostly from a dog business that she created when she was eight. Around this same age, she decided she wanted to become a veterinarian. She worked multiple jobs, saved every dime and going into vet school, she had already saved 35000. Her father and I did not pay for any of her veterinarian degree. Her first year in veterinary school, they were asked to write their personal goals.

[00:25:13]

One of her personal goals was to get out of vet school debt free. She was given a failing grade by her professor because her professor told her this was not an obtainable goal.

[00:25:25]

Well, thank you, Dr. Debbie Downer. Yeah. Yeah, really. Okay.

[00:25:28]

Couldn't you just love dream killers out there in the schools? That's what they call tenure. Of course, there is much more to the story. She graduated debt free in May of 2021. She is now a DMV. Thank you for your easy follow directions. You're a blessing.

[00:25:45]

Touchdown. Wow. Debt free. Unbelievable. Starts at ten years old. Ten years old.

[00:25:51]

What's the thought of saving up the potential? Buys it and then has this habit now and belief in herself of what's possible and even death.

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Even Doctor Debbie Downer can't take it away. Yeah, yeah. Him but his tweet and his pipe, his little little patches on his elbow.

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Nerd.

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Yeah. I'm so proud of her. Golly, you know, I had a professor college.

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We finished this huge presentation. It was a case study thing in the senior year. You took all the stuff you'd learn and put it in this case study. And we were so proud of ourselves because overhead projectors are running how long ago it was. And we had made up overheads and we had a whole presentation.

[00:26:30]

And I'm the speaker. I'm going to get up and present all this stuff.

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And we had worked all the way through this stuff and and we worked months on this presentation.

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It's our one of our big projects here. We go in.

[00:26:42]

We finish up. And Dr Debbie Downer drops his glasses down the end of his nose and he said, Mr. Ramsey, you have a firm grasp on the obvious.

[00:26:55]

Oh, you know what I ran into a while back and I said, you know what?

[00:26:58]

I'm making a good living with that. To say it's working out for me. It worked out for me. Wow.

[00:27:09]

Saying, Dave, what are you to do? So common sense is in Indianapolis. Hi, Ashley. Welcome to The Dave Ramsey Show.

[00:27:17]

Hi. Thanks for taking my call. Sure. What's up?

[00:27:22]

I recently just graduated from college in May and I was offered to start over and I was like, Oh, your phone is screwed up.

[00:27:33]

Start again. You graduate from college in May.

[00:27:35]

Congratulations with a degree in one retail management.

[00:27:39]

OK, and then what happened? Everything after that we lost. I'm sorry. So I was recently offered a job that I accepted and I'm living at home with my parents, so I have no expenses. But my goal has always been that I wanted to start my own online clothing boutique. So I was curious if right now would be a good time to start it, since I don't have expenses and I could Cash-Flow it? Or do you suggest that I save for my future Full-Time on my own?

[00:28:11]

Well, you could probably start with me online, you're talking about an online boutique, correct? Yes, correct. Yeah.

[00:28:18]

So, I mean, you could start that with very little Start-Up costs just your sweat, right? You don't have to you don't have to have 80000 dollars worth of stock to start an online thing. You just have to have access to it and dropship it. OK, well, what if I was planning on doing something I would have in the trade that I personally helped invent for Ship Y just through the wholesalers I would be buying from? Why?

[00:28:45]

Why not use them and dropship it? They can have it to you in 24 hours. You can have it to your customer in 48. Or they can direct ship to your customer, but your fulfillment center. OK, that that, ah, they suck as a wholesaler, one of the two. Yeah, sure, I guess I did exploit that option and I just from what I was looking at from the wholesaler, it was well, they would love for you to get an inventory business and give them money on stuff you hadn't sold.

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Yeah, Dave's giving you a master's degree in business. And this is where you don't want to bring on the expense and the overhead of a lot of inventory.

[00:29:25]

Well, particularly since you're not sitting on 50 grand cash right now, you're living at home and you're trying to make sure you're debt free and save up money to get out and get started on your own. This is a great opportunity for you to do both. Yeah. Run your run your new online gig that you've got in terms of your new job and then get the business open with a dropship or a very low inventory startup either way. That's right.

[00:29:46]

But don't get hit deep, neck deep in inventory on what you don't know is going to sell, though, and keep working the baby steps. You can get out on your own. Yeah. This is the Dave Ramsey Show. For smoking Ramsey personality as my co-host today here on The Dave Ramsey Show, Shane is in Chicago. Hi, Shane, welcome to the show. Hey, thank you very much. Sure. What's up?

[00:30:30]

So as I grew up younger, I never want to spend any money. I'm twenty seven years old right now. And that's for some reason that was just ingrained in my brain that I didn't have the money. I couldn't spend it. So I said, I'm twenty seven, I have twenty three thousand dollars and I a thirty five grand in the 401k, 15 grand. Another managed fund and one hundred and three grand just in the bank. Cool. So.

[00:31:06]

I just went, no kids not married, and I'm wondering if I can buy a thirty five thousand dollar a hand, and I've been researching for the past about two years because I'm I'm kind of researching this one month.

[00:31:24]

Two years is lusting. Yeah, well, I can't spend the money, you know, I got to do my research. How much do you make a year?

[00:31:35]

One hundred. OK.

[00:31:37]

All right, Chris, you got one hundred and three thousand dollars in the bank, makes one hundred a year and you make one hundred a year same. You can go get this car.

[00:31:49]

OK, what's the end of the. I just I just don't want to let go the money. OK, so you're talking about it. You just want to know what is it like? It's a new one, but it's if you're familiar to type are. So they hold that they hold their value pretty well. No, they don't like it.

[00:32:10]

Nothing holds its value with wheels and motors. They all go down and yeah, they all go down to 10 years from now.

[00:32:17]

Ten years from now.

[00:32:18]

It's a cute little old car. Yeah. Yeah. So yeah.

[00:32:24]

I mean it's a rare car, it's a hard car to find I bet. Used or new for that matter. I really would buy a one year old one unless you're a millionaire.

[00:32:35]

OK, you know what, I would yeah, I could buy one used to for sure. Yeah, if you can buy one with ten or twelve thousand miles on it. Some guy bought it and then his wife said he can't have it anymore or something and she puts it up for adoption like a puppy.

[00:32:48]

The last thing I want to say is I don't want to be because I'm setting myself up to save so much. I don't want to be 50 years old and look back and be like, you know what? I should have had a little bit of fun. Exactly. I bought that car so that I don't want to regret. You're very wise.

[00:33:03]

We teach people to teach their children and themselves to always. And Chris and I, I've met with athletes making 10, 20 million dollars a year and we tell them the same thing. There's three things you can do with money.

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And you should always do these three things. You should spend it.

[00:33:20]

Mm hmm. And enjoy it. In other words, you should be outrageously generous and you should save and invest in.

[00:33:28]

And we try to get folks to do that. And so now that we meet people who all they know how to spend it, some people only know how to give it away. And sometimes we meet people. All they know how to do is save it like you.

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And it's good to learn the other two skills, the generosity, skill and the because it makes your life well-rounded and a good.

[00:33:47]

Let me tell you how to do this with wisdom.

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And of course, what we do is we teach that you can talk about this, we talk about the ratios and we're dealing with these athletes.

[00:33:56]

That's right. And so looking at this, what I would tell you is the ratios, the polygraph approach, Dave's right to give the save the spinner absolutely imperative. And you've got to give yourself I can hear the locked up in your voice about the thought of spending some money and you've got to give yourself permission to be able to enjoy it. So it'll give you the joy of being able to give it as well. And so right now, you've got your fist just so tight.

[00:34:21]

I want you to breathe. You're doing well for yourself.

[00:34:23]

Put a percentage of your income on giving a percentage, on investing in a percentage, on spending. It doesn't matter if it's two percent. Make yourself do something in all categories, OK?

[00:34:37]

Yeah, OK. And then that'll keep you from having that. Fifty five year old. I never lived my life regret.

[00:34:43]

Right. Yeah, yeah. I'm ready. I'm ready to finally enjoy some of my money versus all the hard work. And in doing so I think that what's a one year old version of that car cost. A new one right now is a new one. Watts, what's a one year old one called? Yeah, they're on the market for 30 to 35. OK, all right, all right. So they're not taking a big hit the first year then.

[00:35:12]

OK, cool. How many years I've been making that car?

[00:35:17]

They started until the 17. OK, so I'm looking at 2017, but again, they're around 30 kg, so I can't say anything less than that. They got they got great lines.

[00:35:28]

I mean, they're just beautiful. Hunt that 2017 bouncin and get it. Well, are they 18 of the 19 one. But yeah, I wouldn't buy brand new. We don't recommend that until you're a millionaire. But, you know, you're in a position to spend that kind of money on a car because it's less than half your annual income. You can pay cash.

[00:35:44]

And I don't think there's any fear that you're somehow going to go down a rabbit hole of spending, though. So just just learn to enjoy part two more months. Do question. Ben is in Phoenix. Hey, Ben, how are you?

[00:35:57]

Hi, Dave. Great to talk to you. Big fan. Thanks for all you do. Thank you. My question is more about a work related question and professionalism. I guess I've been in my current position for four years now and for the past six months I've been told that there's a raise and a promotion potentially coming and it hasn't happened yet. And now I'm looking for other positions. I just have kind of found that I might be interested in moving to a new company.

[00:36:31]

And I just want to know if it's ethical to accept a raise and then a month later leave for another job. Mm hmm. OK, just to get your thoughts on that. Ben, I'm curious, is that the fact that you started looking for the other position, was it your frustration and irritation that you hadn't received the raise or promotion yet? To an extent, yes. OK. Yeah, that's probably the yeah. And so you are on a on a scale of one to 10, 10 being out the door and one being you're stuck for life.

[00:37:06]

Where are you with this current company?

[00:37:10]

Probably about a six or seven. OK, all right.

[00:37:14]

So if the race is big enough and you thought you could trust the people's integrity next time they told you they were going to do something, you would stay.

[00:37:23]

Yes, OK, because it sounds like the integrity of them not following those bits, you a little bit. Am I missing something?

[00:37:30]

No, no, that's probably pretty accurate. I don't like being led to believe something nobody does. I do feel really valued there in that they know, you know, value my work. But I want to make sure compensation is keeping up with that, I guess. Yeah. Yeah.

[00:37:44]

Well, the way we tell people to act on business ethics when we're teaching, Chris and I both teach Ontari leadership to business owners. Small business owners in particular is. When it comes to the employer or the employee, a good way to handle business ethics is simply treat other people like you won't be treated. Take take your shoes off, put their moccasins on. Walk a mile in their moccasins. Now, if you ran that business and you had a guy named Ben working there and you know, what would you want Ben to do?

[00:38:18]

How would you want Ben to act? And that will tell you what to do. And. And at the same time, been for you to put on their shoes and walk in what they've been doing and what's been going on in the world and in the economy and try to get a feel for that and identify from them as well.

[00:38:38]

Because, you know, you got to ask yourself and I don't know, I'm not suggesting that you're right or wrong one way or the other. And I'm not shaming you into staying there at all. Right. Or leaving prematurely or anything like that.

[00:38:50]

But the. You know, if someone said we're going to give you a raise in six months and in a normal course of business, six months have gone by and they just didn't keep their word and they led you along, that's one thing. But within the last six months, we had this little pandemic issue that kind of threw a wrench in a few things, and so I might cut some people some slack. Maybe if they're do it, maybe there's other things going on.

[00:39:16]

But this is a short radio call. It's your whole life. You got to decide if you've got a bunch of indications of lack of integrity around the place, then you're probably out of there.

[00:39:23]

That's right. That's a different one. But at the same time, go have a conversation and see what's going on. Let's be adults here and not run off pouting, you know? Yeah, I didn't think he's know. But I think if you were going to ever give somebody some grace, it's an employer or an employee. Yeah, it would be during this. Koven I would completely agree.

[00:39:41]

Dave a little pandemic puts us out of the Dave Ramsey Show in the books.

[00:39:57]

Hey guys, this is Kelly, associate producer of the Dave Ramsey Show. Did you know over 16 million people listen to the Dave Ramsey Show every week and a lot of those people listen to one of our 600 plus radio stations across the country to find a station near you. Head to Dave Ramsey, dot com slash. If you're looking for fun and practical ways to save money in your everyday life, you need to check out The Rachel Cruise Show, a podcast from money expert and my daughter, Rachel Cruze.

[00:40:26]

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 can get a ton of inspiration and practical advice. If not, subscribe to the Rachel Cruz show podcast.

[00:40:49]

Make sure you do it today.

[00:40:50]

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

[00:40:56]

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.