Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where dad is not just getting paid off. Home Mortgage has taken the place of the BMW as the status symbol of the show. I'm Dave Ramsey, your host. Anthony O'Neal Ramsey, personality number one, best selling author, is my co-host. Today he's featured if you've got your new Success magazine, he is featured in a five page spread. We just got him in the mail today.

Very impressive. Congratulations. Thank you, Dave. Thank you. Good times around here. I'm just seeing him sitting next to a star.

Well, happy sitting next to for five years. It's good to finally be waking up. Good stuff. We're going to take your calls about your life in your money. The phone numbers, elite eight two five five two two five. That's Elite eight two five five two two five. Karen starts off this hour in Houston, Texas. Hi, Karen. How are you?

Hi, Mr. Ramsey. Thank you for taking my call. Sure. What's up?

So my husband and I are about to become debt free this Thursday. Yeah. And yeah, we've been living with my parents for the past four months after our lease ended because we knew that it would help us speed up our payment. But now now that we're there in a couple of days, we are looking towards the next step. So my husband said, OK, we have to come up with our emergency fund and then save up at least 10 percent to purchase a home goods.

And the thing is that we started interviewing realtors. And if that was too early for us to do it, you can check me out about it. But we interviewed realtors because we have a young daughter and she will be starting elementary school next fall. And our our goal was to have a house and be settled in the house by next August and purchased during the summer, which would have given us plenty of time to save for a 10 percent down payment.

However, while we were interviewing realtors, one of the realtors that we really, really liked told us, hey, you know, you don't have to pay 10 percent because right now the interest rates are so low, she said. If you pay two point five interest on on a mortgage, an FHA loan, much better now, 35 percent down on a Fannie Mae. That's what they're suggesting. But she's saying because interest rates are low, go ahead and buy, even though you know the money.

Right. She said you don't have to wait until she said we could do five percent. We don't have to wait until next summer. She said if you do that, you're going to have a higher interest rate. Yeah, because she's an economist as well as a realtor.

Who said the interest rates are going to be higher? Way higher up, way higher.

She just now she just said that because this is a real estate agent wants to sell you a house, right? Right. Yes. That would be three percent off of the house. Yeah, way higher. You don't have a good real estate agent.

You have somebody who's got her commission check at her interest. Not years.

OK, yeah. She's a really good sales lady, though. She sold you. Yeah. Not yet.

Why I called, you know. But she sold you on this bogus concept. Yes.

The bogus concept is, is that interest rates are going to be way higher next summer. If she knows that, I'll give her a Nobel Prize in economics because nobody knows what interest rates are going to be next summer. I never dreamed I'd be this freakin low for this long. No, they've been down forever. Yeah. You know how long it's been since we've had even a four percent interest rate? We had him seen for nine years. Yeah, so what?

I don't know what way higher is. Yeah, because she just mentioned to us that if we purchased the house, that she would get a commission check sooner. Yeah, yeah, pretty much.

She's thinking about her. She's not thinking about the best interests for you and your family. I think it might the best interest for you and your family.

This better not be any help.

Is it is that one of the ones that you recommend? Yes, yes. Yes.

OK, I'll put you on hold. I want to find out who it is and we'll kick their butt. Absolutely unconscionable. Absolutely asinine. Yeah. So now they kick them out of the whole program. So I'll find out what really went down here. But oh my gosh, no, darling, no patience. You've lived in your mother's house to pull this goal off. For God's sakes, pull the goal off. Yeah. You know, and you can buy a house with five percent down if you want, but don't do it on the premise that interest rates are going to be way higher from a real estate agent, that once their commission right now.

Give me a break. Yeah, yeah. Way higher patience, babe. I mean, you're nice and you can't buy for five percent. That's Dave. I'm saying.

No, wait. Well, I mean, you can buy for you know, you can get in for nothing. But the point is the decision making process that you're using is broken. Yeah, that's the point. It's not the five percent of the ten percent. It's I'm going to buy early because interest rates are going to be way up. Down it. Yeah, down it. I don't know. But neither does said realtor. And I'm not trying to collect a check.

I'm pretty much gave you free advice, which is probably worth what you paid for it. But please hold on and have Madison pick up and I'd like to know the name of that particular LP and Madison, you got the gist of the call. Just turn it over that team and I'll figure out if they're still in the LP tomorrow hutches. See, this is what the problem is.

We indorse like 5000. We do people in the LP and Smart Meter program. And so we have to constantly manage to make sure that they're putting your interest at up first. And ninety nine percent of the time they do. They do. Occasionally we get one that doesn't. And that's just that was bad advice. Yeah. Straight up bad advice and inconsistent with what we teach. Absolutely. Which you should not go to someone I endorse and you get advice inconsistent on what we teach.

Old Dave's wrong about that one gets your credit card, you know. Oh jeez, I'm going to shoot you.

You know, it's just like, OK, all right. Moving on.

I'm just I'm on the radio live here. Yes. Aaron is in Manhattan, Kansas. How are you, Aaron? How are you?

Hi, guys. Hi, Anthony. I'm taking my car.

Thank you for calling. Then how can we help?

My husband passed away about eight months ago and a couple of Oregon Keys. I was just the beneficiary. And after that they were started before we were married and it just never updated. How long have you been married? Yeah, we were married for seven years. Oh, I'm his his dad doesn't want the money like he wants us. He wants it to come to our children. How to do that. I'm sorry. You have children. Yes, we have two boys.

How much money's in these things?

About a little over two hundred thousand.

Oh OK. Uh. Oh, my goodness. All right, we're coming up on a commercial break. We'll try to get my breath. And I want to come back and walk you very carefully through this and we'll see if we can figure out exactly what to do. OK, one last question is, is your husband's mom on board with you guys getting the money as well?

And she actually passed away a little bit before he did. Oh, my goodness. I'm so sorry. All right, hold on. When we come back from this break, we'll talk it through with you. OK, this is The Dave Ramsey Show. Cooking at home is easy with butcher box, butcher box delivers healthy, 100 percent grass fed, beef free range, organic chicken heritage breed pork and wild caught seafood directly to your door for only one hundred and twenty nine dollars a month.

That's less than six dollars a meal and shipping is free. Plus, new members get to free lobster tails and to free fillet minions in your first box. So sign up today at butcher box dotcom slash Ramsay butcher box dotcom slash Ramsey. All right, Anthony O'Neal Ramsey personality is our co-host today here on the air. I'm Dave Ramsey. We're talking with Aaron in Manhattan, Kansas. Her husband passed away after seven years. He neglected to change the beneficiaries on his IRA.

His mom has passed away, leaving his dad as the sole beneficiary on his IRAs and 401k. So his dad is receiving a total of about two hundred thousand dollars. He grandpa wants to give the money back to the grandkids and to the daughter in law. Is that a fair summary of what you told me so far, Aaron?

Yes. OK, and how long ago did your husband pass? About seven months. Oh, my goodness. I'm so sorry.

OK, so had he changed the beneficiary just for information sake, you would then have what's called an inherited IRA, which you would be required to take out one tenth of one per year for 10 years or more and pay the taxes on it. That's what happens on an inherited IRA. OK, your father in law now has that and he has an inherited IRA. He's the beneficiary of these funds and there's no penalties on them, but there is taxes on them unless they were Roth IRAs where they Roth IRAs or do you know, half of them were brought to about one hundred thousand.

OK, no taxes on that and no penalties on that. He can simply cash that out. It's in his name then. And then we need to have him gift it to you. The others, he will cash out and pay taxes on and gift you whatever is left over after taxes, which will be probably he may get hit for 25 to 30 percent, maybe 40 percent. OK, and so that hundred thousand is going to come up and look more like 60 or 70, OK, after he pays the taxes that are going to be due by him.

By the way, if it was in your name, that would have been the same thing. OK, now how do you transfer a hundred and fifty two hundred seventy thousand dollars gift from him to you without any gift taxes? He needs to see his tax person, a tax attorney or a a really, really good CPA or estate planning attorney, either one. OK, because the rule is, is that if you transfer more than fifteen thousand in a year to an individual, the individual gets taxed on gift tax, which is going to be about 55 percent.

So we don't want to do that. OK, so but he can transfer. Have you got something to write with Aaron? I am, yes. OK, or you can go back and listen to it later on the podcast. He can transfer any amount of money if he uses a part of his 20 million dollar estate exemption, his estate tax exemption on the federal level. It's called a unified estate tax credit. And so he reduces what he can pass later from his estate unless he has an estate north of 20 million dollars.

This is not a concern, but he's going to use up one hundred and seventy thousand of his estate tax credit and he can do it and not pay any gift taxes. And he can hand you a check after he's paid the income taxes on the traditional portion for the difference. And then you can, you know, decide what you're going to do with it, with the family and working, paying off debts, making sure that everything's stabilized at your house and get your emergency funds in place and so forth.

Thank God he is willing to do this. Yes, you would have zero legs to stand on legally if he wasn't just a good man. He's a good man. Yeah, obviously. Two hundred thousand dollars worth. Yeah. He loves his grandbabies and he loves his daughter in law. And, you know, he's a good guy. Most people that are good people would do this, but that's that's the process. He's got to pay the income taxes after he cashes it out and then he can gift it to you, but he needs to fill out some paperwork with his income tax.

That's called a unified estate tax credit. It's a simple form. There's not a lot to it. And it keeps him from having to pay gift tax on that large a gift. OK, OK. Thank you, Aaron. I want to ask you a question. Dave walked you through the practical how are you and your family doing? How are your kids doing? Yes, well, it's, you know, day by day as best we can do, good, good.

Outside of your husband's father, are you surrounded with the local church and local community, especially your kids? I mean, are you all surrounded by some good people?

Yeah. Yeah, we are. That's good. How old are the kids? I'm 13 and four.

So your husband was in his 40s? He was forty five. Yeah. Wow. What happened to him? A lot of different things kind of hitting him at once. Oh, I'm so sorry. I'm sorry. OK. Yeah. Oh, my goodness. Well, if we can help any more, you let us know. That's your technical answer. Anthony's right. I went straight to the practical and practical and all that. But well, if I can just add, you've helped us out tremendously.

My husband and I had our dream meetings every week and we we planned. And so even even with this, we're going to be fine. And yeah, but we're in a good place because we had your guidance. So.

Well, if you need any help, you holler back at us here on the air or off air and our team will help you any way we can, ok. OK, thank you. God bless you.

Don't open phones at eight eight two five five two two five. It would not have changed the mathematical outcome much because in this case Grandpa was a good man. Yeah, if he was not a good man, it could have been two hundred thousand dollars. Schwing And last hour you and I were talking about you have got to button up your paperwork. Yeah, I remember we lost our first our first hour two hours ago. We were talking about it, but the lady that called in with her car and didn't didn't get the title transferred after the divorce.

So you've just got to be really, really crazy detailed about all the money stuff you got, have the right beneficiaries on your. I even brought up beneficiary's for one case is talking about it. Yeah. I saw that story, you know, so, so sad. And this is not about Aaron, but it's just thank God that Grandpa is a good man because he want a good man. That family be 200000 dollars poorer just because of one piece of paper.

So you didn't didn't close the loop on it. And there's so when you get married, you change all your beneficiaries, you change all your account names. So you go through line by line by line, every piece of paper, every car title, everything changes. Yes. When you get divorced, everything changes. Yes. Get the wheel redone. Yes. If you've got a five year old will and everything was left to your ex husband, the will doesn't care if it's ex.

Come on. It's a name by name. Yes. And you're just you just left all this money. This guy, you don't married to him. Don't do that. Get your will updated when you have major life events, go through every piece of paper and update your stuff. It's how you say I love you to your family. Yeah, there you go. And obviously they had done a lot of things right. But that one little thing and think again, thank God, is a good, solid guy.

But how many how many times do I get that call? And Papa doesn't want to turn over that. Exactly. Now he's being controlling. Now he has this issue or that issue. Now he thinks he's only got that thing. Yes. It's a 200000 thousand discussion. Let me tell you, if it's twenty if it's two thousand dollars, nobody gets all worked out right with two hundred people get weird, they get weird. They get two hundred k where the weird.

Yeah.

Now, Dave, let me ask you this question because you know, I'm single so like right now my inheritance and all my stuff is going towards my four parents, my siblings. So to a single people, when we do get married this I get married on Friday. How long does it take to process? When should I even start the process to start moving thing over to my wife before the marriage? OK, OK. You don't you don't actually you date it after the marriage in a marriage.

OK, but you can say will as of this date, OK, and that's the date of the wedding or the date after the wedding. After the wedding or whatever. And you can go ahead and fill out the paperwork and most of it you can do online these days. Can you just jump in and change your beneficiary on your 401k? Yes, but you kind of go they have a ridiculous checklist. It's like, you know, ever go I know you have you bought two houses, a house closing.

I mean, there's like a stack stack of stuff. Yes. And your life, there's there's car titles. Yes, there's bank accounts. Yes. There's retirement accounts, investments. You know, you're. Well, yes. Everything has to be adjusted to fit this stage. Of your life and then you don't have these things. Thank God in that situation. That's a good man. Wow, that's scary. This is The Dave Ramsey Show. Around here, we're always looking for ways to save money.

That's why I am a huge fan of Honey. Honey is a free online shopping tool that automatically finds the best promo codes and applies them to your cart. You never have to open a tab to search for a discount again. Money has found it's over 18 million members, over two billion dollars in savings. Add honey on your browser today for free at joint honey dot com slash Ramsey. In the lobby of Ramsey Solutions on the debt free stage, Julian and Trace are with us.

Hey, guys, welcome. Hi, Dave. I am glad to be here. What's up? How are you? Good to have you guys. And where do you live? Baton Rouge, Louisiana. Oh, well, welcome to Nashville. Glad to be here. Good to have you. And how much debt have you paid off?

Twenty seven thousand two hundred and eighty six dollars. And one cent of said to you every every dollar and every cent counts every penny. And how long did this take you? Seven months. Good. And your range of income during that time. Eighty five thousand about ninety five. Cool.

What kind of debt was the 27000 majority of my student loans and then his truck payment as well. OK, cool. Yeah. So how long have you two been married? Uh, less than a year actually. So coming up on a year. Yeah. We were engaged whenever we started taking a few and then we got married in the process and just worked as a team and just tackled it. So but yeah, he married into the debt so.

Oh. Had a car payment. Say wait a minute, you had education. He had the entertainment. That's right. That's right.

Get the Financial Peace University before you're married. How does that happen? Well, so we were talking about it on the drive here, just kind of talking about like what's you know, what was our aha moment like? I've had it. And it was like one day at work, I was like, super stressed out. And it was one of those days where I like I went to his office and I was just like crying. And I'm just like, I don't, like, love the role that I'm doing at work.

And like, we got all these bills to pay and everything. I just I don't know what to do. And, you know, a couple of weeks before that, I was talking to a girl I work with. Her name's Katie Cruz. Hi. Jeff and Katie. There are they were like biggest cheerleaders. They're awesome people. But her and I were talking about how, you know, how we got on the topic of, like, credit cards and everything.

And I just got one that was super pumped about. And she said something about and I was like, oh, I only used in case of emergency. And she uses like and there's a better way. And she started telling me all about Dave Ramsey and everything. Turns out her and her husband were FPU coordinators.

Oh. So they they encouraged us to come take the class and then. So in that sent you into the call. Oh yeah. In the vortex. Absolutely. I love it. So whenever I had that like Aha. Moment or just that like overwhelming sense of just stress, I went over to his work and he told me he's just like OK, would you feel better if we took FPU. And I was just like yes, 1000 percent. Yes, absolutely.

And so like I signed us up that night. We started a few weeks later. This decision we ever made and the process, the wedding happens and then you come home for the honeymoon. You completely finish this up first. First order of business. Well, kind of. Sorta. So we got engaged and we actually had in April of twenty twenty wedding planned. Oh.

But we were, we were kind of impatient and you know, we kind of march to the beat of our own drum. So we actually eloped back in November of last year. Yes. Thanks. Mainly for tax purposes and stuff. But honestly, it was the best thing that I mean, God works in mysterious ways for sure. Yeah. Turns out to have been a genius. Emphatic.

Yeah. Wow. So and the money that we did, you wouldn't want to be married in the year 2020. Right. We were in my mindset was I'm like, OK, like if we get married in twenty twenty it'll be really easy to remember anniversaries. If it's like twenty thirty six then you know we'll be married 16 years. But I'm so happy we got got it done in twenty eighteen. Deduct a one. Yeah exactly. He's totally sixteen minus one.

OK. Yeah. Good. Yeah sure. Sorry for you guys so long this journey.

What would you say. What was, what was the hardest thing over the seven months.

I would say giving up the convenience of going out to eat and cooking every day. You know, sometimes it got tough, sometimes we wanted to break down, go, go spend some money at the restaurant, just kind of kick back and enjoy it. But, you know, we just we stuck to our guns and. Yeah, did the grilled cheese and noodles. That was a big staple for us. David's I really like tuna fish or something.

Was your like poor people food like ramen noodles and grilled cheese was ours. And so, like, I don't I don't just put in my corner, make grilled cheese does not appeal to you. You're broke people food. You can't do enough with it for people for tuna fish on this planet. Cool enough to make you want to eat it. Exactly. Smell tuna fish. My net worth goes down. So I have to ask you, how old are you two.

I'm twenty six. Thirty four. Thirty four. Twenty six young people. Yeah, millennials. Well I was telling Dave before y'all came on, I just love seeing young people get on the stage. I love seeing all people, but I just love seeing young people. So sweet to that young person who's watching you right now saying, you know what, I want to be debt free, but I'm cool. I'll do it later on. Why should they attack it right now?

Well, I mean, at least for me, you know. For the single people, like get your accountability partner, but for the couples and everything, just work as a team like, you know, Tracy and I, we we don't fight at all. But before we got engaged, before we got married, any of our little spats that we had were always money related. And it was like, oh, well, he's picking up the bill at the grocery store.

I'm picking up the bill at the restaurant and everything. Whereas whenever we came together as a team, as a unit, then that's whenever we really saw the success happening. But as far as like just don't putting like don't put it off, like the end goal is baby step seven. Why would you want to just prolong that, you know, so just get it done and go Gizelle intense. Get it done in seven months or however long it takes.

So yeah. Grow together and dream together. That's right. Dream together for sure. What do you tell people? The key to getting out of debt is I would say budget. Stick to the budget, know where all your money's going. That was the first thing we noticed was our most of our money was going out to eat. You spent like 12 bucks and eating out like the month before we started taking a few hundred dollars. Yeah, that's basically our rent payment that we paid in like grocery.

And it was ridiculous.

Now, Dave, I got a call. They said they weren't just eating. They were drinking it, too. Just a little bit. Not so much going on there. Wow, that's very cool.

Yeah. Yeah, that's I remember one hundred years ago when I was doing for you, I was teaching, I dropped by class and the guy did his budget and he goes, yeah, we spent twelve hundred fifteen dollars eating out last month. Oh country boy. And he's like yeah I figured out or our retirement's going, we need that. We've been able to do a belly belly. It's easy to do. It's easy to do. And you know, I'm so proud of you.

Yeah. Thank you. And your biggest cheerleaders were your buddies and who else. Yeah, our our families. Yeah. My sister and brother in law, they they did a few or not a few. But they followed your program, you know, they read the book and just I remember at one point I was in college and I need to take a summer class and you know, I called my sister and I was really stressed and it was like five hundred bucks or something.

And I didn't have that. And so I was actually looking at like a credit union or like a payday loan or something like that. And then she's just like, Gillian, do not do that. Like, I will pay for the class for you and everything. And then just like moments like that, now that we've taken it and learned the principles, I realize I'm like, wow. Like they were doing Dave's principles and I didn't even know it.

And they're like, they're almost a baby. Step seven, like they're looking to pay off their house in like two years. And then just so seeing them and like, they're just their goals for us. And it's just. Yeah, just our family. You know, you reach over and pay your little sisters five hundred bucks tuition. Yeah. When you're not bright enough, right. Yeah. Oh that's pretty cool. Yeah. That's very cool.

That's a great that's a great, you know, testimony. The computer, you look back on that and you go that's something I want to be totally want to live like no one else later I can live and kill like no one else has to go. Well done. Very, very proud of you guys. Congratulations. You rock stars got a copy of Chris Hogan's book for you. Of course, every day. Millionaires', you're going to be one before you know it at this rate.

Well done. All right. Jillian and Trish, Baton Rouge, Louisiana. Twenty seven thousand paid off in seven months, making eighty five to ninety five countdown. Let's hear a debt free scream.

Three, three, two, one word. This is how it's done. Wow, very, very cool, man. I like it. I like it. They are. They got a great start. Yeah.

One year in their debt free. I mean. Twenty six years old, 34 year old. Their future is so bright. Yeah. You know, really sharp young couple. So I mean, Anthony and I get to meet the millennials like that all over the place. So those of you that always want to run down millennials, you'll have to get through us because we think the millennial generation is incredible. Absolutely. There's some deadbeats, but there's deadbeats and the boomers, too.

Absolutely. So, you know, it's these young people like this, right. That gives you hope. Yes. This country's going to be OK. Yes, we're going to be all right. That's going to be all right. This is the Dave Ramsey Show. Our Scripture of the day, Psalm one twenty eight to you shall eat the fruit of the labor of your hands, you shall be blessed and it shall be well with you.

Margaret Thatcher said, I do not know anyone who got to the top without hard work. That is the recipe. It will not always get you to the top, but you should. But you should get pretty near pretty good like that. Oh, right now I want to ask you something.

What if you never again had the question what to do with your money? What if you were like that young couple that was just doing their debt free scream where you had a plan, you were getting out of that or out of debt so that you can live your dreams so that you can be outrageously generous. Does that feel impossible? It's not usually the right plan. And that's what Ramsey Plus is all about. It is one membership that coaches you step by step through our best products.

So you always know you're doing the right thing with your money. You'll be guided through our three big hitters, Financial Peace University, that that couple right there went through the premium version of every dollar, our budgeting app and which is world class and our new baby steps tracking app. And you get a ton of different courses and tools and access to financial coaches. Ramzi Plushest, the whole package. And you know, you're doing the right thing with money.

You can take a free trial and see if I'm not sure if I'm if I'm telling the truth. Check it out. A free trial with Dave Ramsey, Dotcom Shlash for you, Dave Ramsey, dot com slash FPU for a free trial for Ramsey. Plus, check it out. Watch some of the videos from FPU, do the budget on the budgeting app. Look at the baby steps tracker. Look at the groups and the communities. All of it's accessible during the free trial.

We don't we don't meet any of it. You can check it all out. You can see if it is what we say it is. It's helped millions and millions and millions of people. Tyler is with us in Illinois. Hey, Tyler, welcome to The Dave Ramsey Show.

Hi, Mr. Dave. And Mr. Anthony. How are you guys doing? Great. How can we help? Yeah. Yeah. So I'm hoping you guys have some wisdom into my situation. I'm 22 years old. I'm currently or should be a senior in college on my fourth year. I'm about two and a half years off my degree. A little back story out of high school and into college, I struggled with intent and direction, which was very important.

I kind of felt like I had a means that I didn't have an end. So right after high school, I went into college near college because it was just the normal thing to do. And then after that, I went to my four year degree and I switched majors a few times. So that being here today, I've got about two years left in business school and I've got about twenty thousand dollars in loans. And it wasn't until about last month that I kind of decided that I wanted to go in real estate.

And so after looking into it and talking to a guy I know who owns a broker locally of. I realize obviously I can go into real estate a lot cheaper than I can go get my degree and just trying to figure out where I should go from here. The job that I'm working now, I could probably pay off most of the rest of my education at school if I go that route, but then I probably wouldn't be able to put as much time into real estate.

So I'm just trying to decide which way I should go.

OK, so you're working at a place that gives you enough money to finish your degree? Probably close, and I have to take a little bit loans to finish off the same job. I've been out for six years. Hmm. OK, so and so. You like you like a year, a year and a half now, probably about two and a half years left. But you said you're in your senior year. Yeah, I'm in my fourth year, but not working was.

Oh, I see. You know, so I guess all my friends are seniors that I graduate high school with. They're all seniors and they're all graduating going on and. I'm still trying to figure out where I'm going. You know, this is a tough situation right here, man, because there's a lot of young people like you and yourself halfway through realize that this is not what they want to do.

I am at the place to where real estate, while Dave is a huge he's huge in real estate. I don't know at 22, if if I'm comfortable saying that about that, you're going to want to go for the rest of your life. Then you have two years invested into education. I like the route of you finishing this debt free because you he it's a business education, correct? Yes. So I like that route because you can still use that.

But as long as you could do it debt free, I don't want you to drop out now. Waste is 20 thousand dollars to go pursue something that you may not like in the next five years, because real estate, Dave, you can speak into this is hard, especially in the first year or two.

You know, so, Tyler, I got my license to sell real estate when I was 18 years old. Right. And I sold real estate while I was in college. It's how I paid my way through school. Most of it. My grandpa helped me some to. So I did what you're talking about in the sense that I sold real estate full time while I was in school, work 40, 60 hours a week while selling real estate, while I was taking a full load and finished in four years.

It was. Very difficult to sell houses to people when I was 21 years old. 22 years old, because I didn't have much credibility, and so I actually grew this Tom Selleck looking mustache trying to get a little credibility, and I wore these goober suits that I mean, I'm walking around in disco suits with a Tom Selleck mustache trying to sell houses. Right. And this is the early 80s. And people are trying I'm trying to talk people into this.

And I worked so hard that I actually did make some sales in spite of my age and my obvious shortcomings. But but it's a very difficult road because you're trying to convince someone as a very young person that you have the expertise to help them market their most expensive asset so it can be done and you can become proficient and professional. And I'm not saying it can't be done, but it's a very difficult thing for you to actually make some money in the next, say, three years during that three years.

I'd love to have you finish your degree. Yeah. So I have a degree in finance and real estate, a business degree that I got while I was selling real estate all the way through college. OK, and I still have my real estate license. To this day, I'm a broker and so I don't do anything with it other than it runs the Yelp program. And I buy some property from time to time. But but I love the business.

It's a wonderful business. I would tell you to stay with it and, you know, keep working it part time while you're working your other job full time or you're going to school full time. You're not you're not going to die from hard work. You can do it and you'll be learning some stuff about the real estate business. The second reason I would love for you to have the education of business education under your belt when you go into real estate, because then you can do a lot of different things with real estate because you see things that other people don't see because of the academic underpinning.

OK, the the second thing and I want to say this real carefully, because I'm not trying to be hurtful, but I think what you described to me in yourself was that you have changed directions many times. Yes, sir.

It's probably going to be healthy for you emotionally to finish something, you know.

Right. You need to finish something. And I know that's another reason I. I want you to change horses. The degree fat track that you're on is usable in a lot of different ways throughout the rest of your life. Pay cash for it. Work like crazy. Exactly what Anthony told you. And if I'm you're going get your real estate license and that be your third job. I mean, schools, a job and full time job to pay for school and then just be hanging out, be the real estate rat at the like a gym rat, you know, where you're hanging out with the guys and the gals that are good at it.

At the ad on the weekends and Sunday afternoons, your buddies are goofing off and you know, you're at an open house watching, seeing how it's done. Yeah. And that's a time you might not have been working at the other job. And all of that's going to start putting tools in your belt and you're going to make some sales. You'll you'll get you'll get out if you keep scratching around. But I think the full on change to that is probably premature.

Yeah, I think it is premature. It is. But but but, you know, you can do it.

You can pull it off. And if you go pull it off, you can say Ramsey said I was nuts and I did it anyway. That's OK. You can do that. I'm I'm not saying you're not I'm not saying you're crazy. I think you're having some good thoughts. And I'm with Anthony. I love the business. Yeah. And I and I think in talking to you that you're going to be really good at because I think you're articulate and I think you've got good people skills.

Yeah, I do. And Dave, this is one of the main reasons why I talk about my book that free degree have a vision before you go into college. Yeah. You got to play for a lot of money. You've got to play through. You can't change horses three times. Yep. If you financially to kill you emotionally, it'll kill you all. Oh. Stuff that puts us our 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 in Christ Jesus. 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 on to one of our 600 plus radio stations across the country to find the station near you. Head to Dave Ramsey.

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