Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where dad is dumb. Cash is king and a paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Chris Hogan Ramsey personality is my co-host today. Open phones at eight eight two five five two two five twenty twenty has been a very unusual IR year, pretty much a dumpster fire.

And yet some people have. We've seen the best of them. Some people have chosen to take a completely different attitude, a completely different way and angle on this. We are doing a giving show.

We always do our annual giving show to celebrate generosity the week before Christmas. And we'll be taking your calls today to let you tell your story about giving.

And your story may be about receiving.

We want to hear generosity, stories that inspire all of us to further generosity. To get that story to Kelly so that you can be part of that show, email it at Daven Air, at Dave Ramsey Dotcom, Dave on air, at Dave Ramsey dot com. So we completely flipped our team on their head this year.

Last year, we gave them a million dollars, a thousand dollars each to spend. There's now 150 of them.

And we had some folks from the Baptist Children's Home come over. We gave them a thousand dollars to spend on the kids. We had some other folks from the community that were serving in different ways. We gave them a thousand dollars. And so we were ended up over a million dollars given away in one day. You know, last year that was a goal of mine. I wanted to do that someday and that was a lot of fun and put our buy on buses and took them to the mall.

Remember, this is back when we did things like BOLO's. Oh, back when the malls were open.

You could go and we went over to the local mall and they artim some of them spent their money that day. Some of them didn't. But it was a huge celebration.

It was our whole Kafe crew is an outsourced company that is here running our cafe, and we gave each of them a thousand dollars. It was just a lot of fun.

This year is the year of opposite's and so we decided to go the other way and change everything up.

By the way, our our Christmas party around here is legendary. I love Christmas.

Santa Claus is a personal friend and I think Christmas is something that's a big deal.

Jesus and Santa Claus, these are people you need to know a lot about if you want to do well in life. And so, you know, we just have a bit I just love December. I love Christmas. And so we always have this unbelievable, epic Christmas party.

Well, guess what? Hard to find a place to do that this year. So we're not doing a big, unbelievable, epic, expensive spend a bazillion dollars on Christmas this year party, we're doing a party, but it's not it's going to be, you know, cheap.

And we took that money and we gave our team not a thousand dollars, but we gave him 250 dollars to give to someone else.

Their instructions was to find a relative, a friend that had had a bad year due to the pandemic, economic shutdown by the government, someone I know that has had their life stolen by their government this year and try to help them. They've lost their job.

There's a lot of people hurting. Oh, yeah. And our team. So that was two hundred fifty thousand dollars. Obviously, a thousand of going to turned 50 bucks. And so that and we're spending some on the thing. So we took the rest of the budget and did something that was really interesting. And we let the press know yesterday for the first time, we've been working on this for about a month.

And if you don't know these guys that if a debt goes bad, there are debt buyers, they buy bad debt and then they call you up and try to collect from you. So if you've got an old medical bill and old credit card bill, an old car repossession, that kind of stuff, and they're calling you, that company bought that debt at a discount.

In other words, if you owe a thousand dollars to the hospital, they didn't pay a thousand dollars for that debt. It's bad you haven't paid it.

It's in default that you can buy that at a discount, a deep discount. And so we got with some of the debt buyer brokers and it took about three months to negotiate the deal.

But we bought 10 million dollars in bad debt, ten million dollars in medical debt, car repossession debt, credit card debt. That was all bad debt, 8000 accounts. And so there's about a thousand of us here. So each person had eight names to call and tell them that their debt has been forgiven. So we were able to forgive 10 million dollars worth of debt.

That was fun. It was remarkable. Dave, the phone calls, lots of tears. Oh, yes, a lot. And people thought we were con disbelief. They couldn't believe this is a con. You call me up. Yeah.

What do you want really?

Now we're just calling to say Jesus forgave us and your debt is forgiven. Yeah.

Your debt. Ten million dollars in debt forgiveness. And so that was our Christmas party. That's our Christmas celebration. It was unbelievable.

And everybody got to call and talk to and not all the no numbers worked. And of course, a lot of people are getting calls from collectors. And so they were blocking unknown numbers. So I tried to call about ten. I didn't get anybody. All I got was some voice mails.

I had no idea. But a bunch of our people got a hold of people and they just cry.

And you're kidding. You're kidding. Who does this? Who does this? We do. Yeah, we do. And it was absolutely one of the most thrilling, fun things I've ever been involved in, not giving away a million dollars last year. And one day it was really fun. But how about debt forgiveness for ten million? Ten million. That's how you trump that. Yeah, that was fun. Yeah. So generosity in a year like this will change your attitude because some of you need your attitude changed.

Some of you are just mean. You're just angry and you're afraid and you're being jerks and you need to just be go the other way. We've been yelling at you to be yelling at you to be kind.

That makes sense, not shut up and be kind of nice. It's like yelling at your kids. Don't be nice to your brother.

Yeah, but no, I'm seriously, some of you guys are freaking out.

I've got friends and relatives who said some of the nastiest but stuff to us give you the I you know, because I'm not following the rules that they think ought to be following, which I understand.

Listen, if you want to follow the rules, I'm not mad at you, so don't be mad at me if I don't follow. That's right. Because I don't I don't agree with the logic that led to the rules. So I think the rules are stupid.

And so there you go. Kiss my butt, you know, that's it.

So, you know, here's how you fix that. You go be generous. Yeah. No, I mean, for you be amazed. Just walk up to somebody at the gas pump and give them twenty bucks and just blow their minds. Merry Christmas. Jesus loves you. Just blow some people's minds, man, some of you are in a position to do that, it'll help your attitude. It really will grow.

You know, Jewish people are always smiling because it takes the focus off of you and you realize it's not about you anyway. It's about what we can do to be able to help others. But you're right, Dave, and I can't wait to give my 250 away. I've already got the person in mind, and I know it's going to just it. They they, without a doubt, will break down in tears. Yeah. Yeah. Because somebody was thought of them and was kind enough to do it.

You just have to think about the stuff you do if you get a little creative. There's a lot of fun stuff you can do. I mean it's pretty incredible. Yes. That was cool. Ten million dollars in debt forgiven by Ramsey Solutions. Yeah, just top that one. Wow. I'm so proud of our team. This is the Dave Ramsey Show. As we continue to face challenging times, I hear that a lot of you have been calling Zander Insurance to see if term life plans are still available.

The good news is that the insurance companies are starting to loosen up the restrictions. So if you haven't dealt with this yet, do it now. Let this crazy season motivate you to get your priorities in order and check the big things like life insurance off your list. Rates are still low. Cal Zander Insurance today, 800 356 42 82. Or visit Zander Dotcom. Carlos Watson is with us in Austin, Texas. Hey, Carlos, welcome to The Dave Ramsey Show.

Hey, thanks for taking my call. My pleasure. What's up? So my question is, my wife and I are currently saving for a house. So baby step three, be good. And I'm not really sure how much house we should buy due to some variables. So twenty, twenty one midsummer's around the time we're looking to buy, but kind of run right around that time. We're looking to try to get pregnant. So twenty twenty to a baby on the way.

Yeah. So I'm just not sure how to control those variables when it comes to figuring out what percentage of our combined take on income or income do we. Kind of a lot.

You don't get to control variables. God's going to do that for you. So I just just act like you got a plan.

That's what makes him laugh. We talk about the house part, but yeah, yeah, the baby is going to come. A baby is going to come and it does not affect the price of the house.

Yeah. They don't eat that much. Yeah.

I guess my my question revolves around. So she would be I mean we're both working full time right now, so she would want to stay at home and for the kids and eventually go back to work part time and then transition to full time once the kids are kind of autonomous.

OK, then you need to plan on doing the house on your income. Mm hmm. So so what's a fourth of your take home pay after taxes, but not after anything else, just taken out one fourth of that on a 15 year fixed rate. And that's what you need to do because you can't count on her income or you can count on her is their income is going to go away.

Right.

And Carlos, that's that's going to drastically change the size and the amount of house you all were looking at. What do you make?

Yeah, absolutely. So I make 70 a year in my life, makes around 60.

OK, well, you just don't count on her because she's going to quit and come home, be a mom. Mm hmm.

So you do it on your 78 and so your take home pays about five grand, give or take. And so, you know, your payment doesn't need to be more than about 50, about 150 dollars. OK, on a 15 year fixed, something like that, I mean a little a fourth of your take home pay, not counting 401k coming out, not counting income and how you check except taxes. Yep. Take home pay for purposes of this calculation.

Is taxes out net of taxes. What are you getting home with to run your house with. And that's when it's properly withheld with no shortage of tax money. So you have a tax bill and no big refund when you've got the proper amount of take home pay. One fourth of that number on a 15 year fixed is what you ought to do and do it on your income, because she's going to you know, you've already got a plan.

The plan is she's not going to work. That's right.

And Dave, I have seen so many people get approved on dual income only to a year or two later do this very thing and then they're stressed out and wigged out because they qualified under both and end up with a 50 percent house payment.

Yes. Chris is in San Antonio. Hey, Chris, what's up? I'm doing well, how are you doing today? Better than I deserve. How can we help? Well, my wife and I, we we will, through the Total Money Makeover back in 2009, paid off 60 about 60 thousand dollars in debt in twenty two months. Good. And after that, we had a kid the next month and that was our goal to get it all paid off.

We had kids and now we're back into a little bit of debt. But wait a minute.

Are you back into. Just this cars, we have watched you do that, two houses in two cars. Well, there we needed another vehicle and we the ones we bought were about as we could find, they were one hundred thousand miles already on them. Yeah, so she borrowed money vehicles and didn't have the the money to do it. You've got to borrow money again. Well, it was eight years later we borrowed money again, but we're getting close to paying off our south side home.

It's a rent home and trying to find out what we should do after we pay it off with the money. My wife and I, we have different views on what we want to do.

Wouldn't pay it off to pay it off your car's.

OK, you need the stuff we teach is called the baby steps. Does that sound familiar?

Yeah, OK.

And baby step one is a thousand dollars. Say, baby, step two is your debt free. But your house, we don't talk about paying off real estate houses and rentals until you get your consumer debt paid off.

The only reason I see my wife and I that's the conversation we've been having, you get to go do whatever you want to do. I'm tired of arguing with you, OK? I've already taught you how to do this. And you went back into debt. That's aggravating to start with. And now you're arguing again after you called for permission or, you know, you do whatever you want to.

OK, that's fine. Go to your plan. You know what ours is. Yeah, just do it. This is ridiculous. Open phones at eight eight to five five two to five. Christmas is supposed to be the most wonderful time of the year. But if you and your spouse aren't on the same page with money, then all the joy the season quickly turns into stress and money fights. Do not let this happen this year. Give yourself a gift that's truly marriage.

Changing the Ramsey plus marriage bundle will help you take the stress and confusion out of money and learn to manage money together as a team. It comes with a Ramsey plus membership and Rachel Cruise's latest book, Know Yourself, Know Your Money. You'll uncover why you handle money differently so you can start having healthy conversations about where you want to go as a couple.

Then you'll learn how to create better lifelong habits so you can make those dreams happen together. The Ramsey plus marriage bundle the best gift you can give your marriage and your money. Go to Dave Ramsey dotcom slash store. Get it right now. Dave Ramsey, dotcom slash store.

All right.

Jenny Craig is up and Craig is in Louisville, Kentucky.

Hi, Craig. How are you? I'm doing great. Thanks for taking my call. My pleasure. I'm going to help you.

I'm divorced with two kids. My kids are twenty two and twenty five. I do have a will. I'm interested in getting a trust and putting my assets in it and add a two part question on a trust. Can I put in the trust that these that my real estate properties cannot be sold? I don't want I don't want my kids just to sell these properties and sports cars and depreciating assets and things like that. You can.

I have chosen not to do that, I've got a bunch of real estate and instead I have trained my kids and if I don't think my kids are going to be responsible with God's money, I am not going to leave it to them.

And so and they know that, and so when they get an inheritance as a Remzi, they get responsibility to manage God's money properly and wisely. If I think they're going to go buy a bunch of crap with it and be self-serving heathen heathens on the back of a yacht snorting cocaine or something, I'm not leaving them any money because this is God's money and I'm not going to leave it to his stuff for them to do. That's the way I view it.

And so what I would do is begin to work on them as young adults and say the way you're in the will is if you and I have an understanding that you are wise and if you're going to be a doofus, I'm going to leave your money because I just makes you a really rich doofus. I mean, that's the you know, that's the same outlook I have on it. You don't get a lot of interest in real estate right now, but that is my hope that they will.

Well, I don't know.

I don't even necessarily care if they, you know, have an interest in real estate, but they have an interest in being wise and conservative and kind and generous and not by it not self-centered. And their purchases and their investments would reflect that. Does that make sense? So I don't care if they have a particular piece of real estate. I wouldn't put a burden on my kids to say, you keep this real estate because it's your dad's and I don't do that family family dirt.

Now you sell it when it's time to sell.

Don't you be wise, but I want you to do it through the lens of this is not about the whole world's not about you. And if I can get if I don't have that, then they're out of the trust. My trust actually says that they're not in the trust.

If they're not walking with God and the brother and the sister, the other one can get them out. There's two other ones that vote them out if they're not doing it. So they're going to do this stuff. And I don't forget which item they keep or don't keep. I don't care about. It's their outlook and their decision making process. 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 Healthcare Ministries, or S.A.M., is a non-profit 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 H m is right for you by visiting S.H. Ministries. Doug c h. M is a proud sponsor of Dave Ramsey live events. Open phones are triple eight eight two five five two two five, don't forget Rachel Cruz's latest book, No Yourself, No, your money is bundled with Ramsey. Plus for the Ramsey plus marriage bundle. The best gift you can give right now.

Dave Ramsey, dotcom slash store. Check out the Ramsey plus marriage bundle. Its Everything Financial Peace University, the every dollar app that connection syncs with your bank. It's got the Baby Steps Tracker app.

It's got all of the different curriculum in it, including financial peace. And the bundle includes her new book, Know Yourself, Know Your Money, which comes out the first week of January. Justin is with us in Hartford, Connecticut. Hi, Justin. Welcome to The Dave Ramsey Show.

Dave, how are you doing? Thank you for taking my call. My pleasure, sir. How can we help?

So I just recently discovered your stuff. A little while ago, a family friend of mine introduced me to what you do, and it really got me motivated to start becoming debt free. Cool. And so I, I was hoping to get your opinion on a few things. So I have some debt. I, I have about forty six thousand dollars of total debt besides my mortgage. So I recently paid off my credit cards. Good. I had good first up and.

Yeah. And so I do have some money in my savings that I would like to allocate towards my debt. But my question was I saw that you preach that you should pay off your debts basically like from the smallest to the largest debt. Correct. So my second largest, I have to be total debt besides my mortgage. My second debt is a truck that I bought a few years ago. It was not the greatest decision, but I did it.

And so I owe twenty one thousand dollars on my truck. So my question to you is, do I sell the truck and buy something cheaper or do I pay the truck off as fast as possible and then go to my student loans, which are twenty five, that she only have two debts left besides my mortgage?

Yes. Yeah.

So you're at the top of your debt, snowball. Twenty one. Okay. Okay. Because you knocked out the credit card, the little one. And how much is in savings.

I have about twenty five thousand dollars in savings but I will be getting married in about six months so I'm putting aside approximately eight thousand dollars for that. So or the honeymoon, or you're contributing to the wedding or for my wedding. Yes. OK, most of it's already paid for. And what's your income? I make between seventy five and ninety thousand dollars per year. OK, and you have 25 K in savings. Correct. And you need eight grand in six months.

Very good question. I like the way you're thinking through this. So here's the rule of thumb on cars that we use, we use to guidelines as the acid test on whether you sell the car. Number one, you don't want things that have wheels and or motors totaling up in your life because they all go down in value to be more than half your annual income. This car does not violate that. OK, OK.

Number two, can you be debt free except your mortgage if you lean in with intensity, Gizelle intensity in two years or less by keeping the car answer again is yes, you can be OK. So if you like this car, I would keep it. OK, it's a truck, you said, what kind of truck is it at Toyota Tacoma? Oh, it's a good car. Yeah, we got a couple. We call them tacos. We've got a couple of in the family and they're really reliable.

They're great vehicles. Yeah. Dad, my son Daniel drives one and Rachel's husband Winston drives one.

So I love it. I don't want to sell it, but I would if it would. Yeah, I don't know. And I appreciate your hard. I heard that that's very what you know, your attitude towards all this stuff is what's going to cause you to win. So what would I do now? You got to hold your breath a second. You're ready for the roller coaster ride?

Yes, sir. Put your seatbelt on. I'd pay the truck off today. That leaves you 4000 dollars. You have six months to get another four thousand dollars together. Making 90 grand, I think you can do that. Yes, OK, because you got to have the eight grand for the wedding, I don't want you to mess the wedding up, OK? Right. OK, we're going pay the truck off today. You no longer have a truck payment and that freakin truck payment, 600 bucks in it.

It's about 490, OK.

Was close. All right. So, yeah. So that's 500 bucks a month is freed up. So I would I would pay the truck off today. I would quickly save 4000 dollars, set the wedding money aside, then go back to attacking the student loan and now how fast we're going to pay off 25000 with no truck payment and the wedding's all set aside.

You might be done by the time you get home from the honeymoon.

That sounds great. I mean, two grand a month. I'll do it in a year. Yeah, four grand a month. I'll do it in six months.

Justin, you've got an opportunity, my friend, to reset your whole financial picture by taking these few steps and really starting your marriage off on a whole nother level, my friend. Yeah. How old are you? I'm 27, 27 years old. Wow, I really hope, because you sound extremely intentional, I hope you hear this and you go you just got a playbook, right? You just heard from the icon, the playbook. This is exactly what you need to do.

Just follow it step by step.

If you do those three things, OK, pay off the truck today. We're going to stop everything and pile up cash till we get to 8000. We only need 4000 more to do that because it leaves us 4000. You know, set that aside and then you turn to that student loan.

By this time next year, if you don't have student loan paid off, you're lame because that's two that's two grand a month man out of your budget. And you got and you don't have a five hundred dollar car payment anymore, right?

That's true. That's true. So all you gotta do is lean in. You can knock the crap out of this thing. I don't know if you quite get it done by the wedding, but by next Christmas you'll be done and you're setting you up to go win you guys.

You're going to kill it, man. You are. You got this so dialed in and and we didn't skip a beat here. Notice we kept the truck and we got married and and put your partner in for the wedding. Everything worked. It all work together. Just follow the recipe. You're there, buddy. Hey, hang on.

I want you to go through Ramsey plus four. I'll give you a one year membership as a wedding gift for you and your fiancee. I want the two of you going through Financial Peace University together to fine tune this stuff and get on the same page, because this is the number one area of marriage stress is money stuff and get you guys on the same page with your new marriage. That'll be our wedding gift to you. Hold on, Kelly. I'll pick you up.

I guarantee you, Dave, him being that young and being this dialed in, he had to have gone through our foundation's curriculum. He had to have he had to been in high school listening to this stuff and going, you know what? I'm going to be different.

You know, sometimes it's just your attitude. Yeah, it is attitude. You know, his attitude was what I need to do. Put me in coach.

I'm going to go go.

I'm going to go do it, grab the ball, run through that hole between a gap, run the ball through that again. I mean, it'll be open cut. Chris Hogan is going block for you. I mean, you know, so run through the gap and you're going to touch down. That's because it just put me in coach instead of going, hey, coach, I want to I want to call the play. Right. I've never been anywhere except on the bench, but I want to call the play.

You know, it's a different attitude.

It's a different attitude. You could hear it in his voice. I love it because he's going to tell it. He's going to win. He's going to win. And for a lot of you out there, if you're sick and tired of that frustration and irritation, I want you to decide because you can, too. Yeah, the recipes there, you just have to apply the want to, as my grandmother used to say, people will wish to, but you got to want to.

And that's where you make those daily decisions.

And if people keep shaping me the wonderful gifts and they're all to be covered in chocolate and it's a problem. So I know the recipe. The recipe is don't eat that crap because I won't be big as a house again. I lost thirty seven pounds this year and I don't want go back, you know, going back. I like that.

I don't put that stuff on my desk. You're the devil. That's the devil. I know the recipe.

So it's Patty in charge of deleting these things. I'm going to have to put her in charge of that crap away. Don't even put it on my desk.

I love it. I love you. Thank you, people. You're very sweet. And all you friends and business always nod chocolate.

Don't ask, don't don't send me anything that's edible chocolate. Nothing that's edible I because I don't have an off button on put me in coach. I know the recipe back away from the donuts. It's just the recipe right.

Oh my goodness. We're all just alike. Here's my point. We all have to struggle with this. The guy in my mirror is my problem. The guy in your mirror is your problem. And that's what Chris is saying. Anybody can do this. This is the Dave Ramsey Show. Our scripture, the day Jeremiah, 29, 13, you will seek me and find me when you seek me with all your heart, Byron Puscifer said. Dedication is belief transitioned into action, which is transformed into change.

Chris Hogan, Ramji personality is my co-host today. Rebecca is with us in San Francisco.

Hey, Rebecca, welcome to the show Friday. Hi, Chris. How are you today? Great. How can we help? Hey, I'm a divorced person for about 16 years now, and I purchased the house 12 years ago with a boyfriend who is a contractor in hopes of fixing up this home. And needless to say, we're no longer together. And I made pretty good financial decisions this whole time. Up until now, I'm in the process of refinancing my house.

I'm sorry, I'm a little nervous, but you're doing fine. You're doing a good.

We've never lost a patient. You're fine. I'm in the process of refinancing my house and I just don't know if I'm making the right decision. So I'm faced right now with maintenance on the home. I'm looking at the stats right now. It's falling over. I need an H back system, so I'm not using my heat. It's going to need a new roof in a couple of years. It has good bones. I'm not going anywhere. My you're how old?

I'm fifty five. You got kids at home, my daughters or me, you have your daughters old. She's twenty eight and going to be my first. She's pregnant right now with my first grandbaby, so I'm not leaving. And my only debt is this house.

So you're refinancing it to get him out of the picture? No, no, he's he's been out of the picture, so you the property is in your name, in the mortgages, in your name. Absolutely. His name is not on anything. No, no. Good. OK. He was OK. So this is a simple do I refinance and do I. What's your income.

Well, I'm going to you know, whether I refinance or I use the money out of my for my Roth IRA to do these projects that need to be done. I'm fifty five. What's your income. Seventy two thousand. And what do you owe on the house side to thirty four right now.

And what's the house worth. 550 good and what are the repairs that you're proposing going to cost? Well, I have a 12000 and H back, probably another 12000. I have a fence that's going to cost 10000. I have a big backyard and just, you know, as a little maintenance on the house.

OK, I want you to do one of those a year out of your income. OK, my my interest rates right now is four percent. Yeah, but I don't want you to go further in debt. I want it's OK to refinance, but I don't want you to go further into. Yeah, that's what I was going to do in that last minute, I decided to get some cash out to do all these projects. We've already done it.

You know, and I didn't bring up my kitchen. The kitchen has two cabinets in it. No, no. Have you already done this? No, no, no. OK, I'm ready to find this coming week. OK, you can do what you want to do. I want you to be out of debt and I want you to cash flow your repairs. It's a thousand dollars a mile. It's a thousand dollars a month for the next three years.

So what do I get that money from, I mean, the money that I make, if you can't if you can't afford to save a thousand dollars a month, you can't afford the extra payments due to having borrowed another 50000 bucks. OK. Yeah, it's going to lead to the budgeting, Rebecca, like you locking down in on it and really digging in and looking at those numbers. Yep. This is your your home is your largest asset.

So the last thing you want to do is just treat it like an ATM where you're pulling money out of it. And so what they detail in view is the crock pot way of you saving up cash to be able to pay for these repairs, doing one per year. Yeah, obviously looking at your kitchen renovation falls way low on this list.

Your HVAC, your family first. Yeah, the roof and then the roof. And I probably do the kitchen, Thada. Probably the fence or the finished third. I don't care. Yeah, but the fact in the roof for your first two years and there are 12000 patients a thousand hours a month.

Yeah. Now I know Rebecca. The bank made it seem easy. Of course they do. That's what they do. Remember, if it's got an interest rate attached to it, that's the penalty. You're charged for using other people's money. We want you to do it the slow way where it doesn't have a penalty called a payment with it.

As a matter of fact, you could budget a thousand dollars a month for the rest of the time you live there and continue to fix that house up and upgrade it and do all kinds of really nice things to it. And we furnish it and do all kinds of things for the next 10 years. I mean, you really could be anything wrong with that because you got a good low house payment in San Fran freakin Cisco. I mean, you owe 200000 bucks in that market.

That's amazing. Big. And so, you know, and your daughter with a grandbaby on the way, it needs to plan on creating an income because she needs the dignity of being able to run her household.

And that may be under your roof for a little while or it may not be, but that's up to you.

And that can add some value to the situation. That's good for her, by the way. Yeah. So, yeah, that's what I would do.

I agree. And Rebecca don't want you yanking money out of your Roth because that's one that you put away for your future. So don't steal from yourself.

Gena's in Los Angeles. Hi, Gina. Welcome to The Dave Ramsey Show. Hi, Dave. Hi, Chris. I am so excited to speak with you all, I listened for about four years now. Thank you. How can we help today? OK, so background.

I'm 20 years old. I'm currently a junior in college and I have a part time job you're going to be happy to hear. I have no debt and about twenty two thousand. I was sitting in my living room, so. Yeah. So the main gist of my question is that I have something that me I have one credit card of my own and then I have to attach to my mom that she's had with me since I was about like 16 to help build my credit.

My mom and dad both don't follow your plan and neither does my financial adviser who manages my Roth IRA right now. So it's hard for me to get good advice about wanting to cancel all these cards because they are getting into different information than what you all preach. So I just want to know, should I get off the card that I have attached to my mom said she pays my tuition on that and it keeps my credit score good. And how do I do that without, you know, I guess damaging?

I guess I will damage my credit score. So I just want you guys to it on that.

Yeah, well, I think, you know, your opinion. The only question is you're just going to decide at 20 years old what of this you're going to do and whatever you're not going to do.

I mean, you know, you're you really didn't think we were going you were going to call us and we were going to tell you to keep these credit cards regardless of your idiot financial adviser, you know?

Yeah, of course, we're not going.

I guess the second question with that would be, do I cancel or not cancel? But do I switch financial advisors if he doesn't agree with your plan? Yeah. Yeah. Without a shadow of a doubt.

And here's the deal with your mom and dad does with their credit card is their business. But as far as what you're doing for you is what you can control. Yeah.

And you got to decide and you can decide for while I'm in college, I'm going to go along with this. And when I get out of college, I'm canceling all the credit cards and I'm going to go on my own. Or you can do it now or you can do it never and live the same life your parents have lived. And, you know, none of that's.

You know, the end of the world or something, but this is just about your autonomy, your ability to make your own decisions when you know how much you want to stand on something at this stage of the game.

But overall, you never have a financial adviser that you have to talk into doing what you believe.

Yeah, that's always a bad idea. I had a CPA come in one time interviewing to do our books years and years and years ago. And he said, you know, it's OK if I don't agree with all of your principles. I said, well, no, it's not OK. Why would I want a dumb CPA?

You know? I mean, that's that's kind of silly.

I don't think you're agreeing with your financial principles, but I'm going to keep your books. Yeah, I mean, how dumb bad is this? Yeah, that's dumb.

But, you know, and I'm like, oh, no, you're not going to be my CPA. This is not hard interview over. I was going to it.

Of course you were saying I was. No, I know. I believe it. I believe. But we're still friends. We can't work here. Yeah, you can't. No, it's not our not how it works. I don't know.

You need to get rid of him now. You can get rid of your parents cards now or later or never your choice.

But you keep growing in your knowledge, young lady. Yeah. You get to where you feel good about making your own decisions as a grown up person. Right. That puts us out of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial piece, and that's to walk daily with the Prince of peace. Christ Jesus. I have a friend or family member that needs a daily dose of Ramsay advice in their life.

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