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Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studio. This is the day Ramsey Shop where America hangs out to have a conversation about your life and your money. My name is Anthony O'Neal. Cohosting with with me today is the one and only Dr. John Boloney. And we're here taking your phone calls around life, around money, around pretty much anything these days and times. I'm loving this new direction. Dave is leading us down. And if you have a question about anything, eight eight two five five two two five eight eight two five five four two two five.

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Give us a call. And we would love to have a conversation with you, Anthony, about a button on here.

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Anthony Yeah, the call board is lit up.

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But before we go to the calls, I got to ask you something. What's up?

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You're big into the social media is to the YouTube, to the Internets.

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You've got a massive social media presence, and I'm learning how to do it right by following you the other morning. I think it was today or yesterday. Yeah.

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This article popped up on my feed that you put out there in the title was paying student loans by becoming a sugar baby.

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Wow. What would you do in this article?

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Explores how some students are paying for their education. Anthony O'Neal.

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I come from the higher education space. I've never heard this. I need you to be a professor to me. I need to go to grad school for a minute. Help me out. What is wait. Paying student loans by becoming a sugar baby. What do you mean?

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You seriously never heard of this in the college space? I did not know that kids were. Thinking that this is a good idea to pay their student loans off. So ABC, what article they wrote an article around, what would you do? Series that that is on TV.

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And it takes on the issue of many college hopefuls and their families are grappling with how how do they pay for college. And so what what I am seeing in this area. Is that older men or older people are going to younger people and saying, hey, you know, will you be my my date?

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And they pay them for that date. I don't know what happens, you know, in the privacy. I just don't. This article is talking about how people are paying off their student loans because you have this big pandemic of nearly one point eight trillion dollars in student loan debt. The average students graduating with 35000 hours of student loans. And I think young people are starting to realize, like, wow, I'm going to graduate 100000, 200000 dollars, you know, let me go on a date with an older individual and allow them to just, you know, hey, hello, have a good time with them and then come back home and get paid for it.

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It's Anthony that I'm looking at. I know on the radio you can't see my face. I'm just kind of in disbelief. I mean, I'm in disbelief, too.

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If my daughter ever, ever if anyone who I love or anyone who I know, if anyone ever called into the show and said that they were a sugar baby, I will have some words because I have a word for the guy.

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I have a word for that. It is both male and female doing it. Odor and so sugar baby just simply means there's the odor individual going down to the 2020 or whoever is in school. And pretty much given the money is. I just have to believe there's a other ways to pay off your student loans, be other ways to go to college.

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Without getting involved in this madness, absolutely, I mean, we know that there's other ways, but I think younger people are looking for quick ways to get out of it because of this debt issue, which is which is crazy, which is to me, what kind of morals do you have?

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You know, what morals is is is a thing I understand being trapped have maybe it's morals. I want to go even deeper, like. Have more respect for your heart, have more respect for yourself. Yes, now in. I want to make sure I'm being honest on the show. When I when I did my research, nothing illegal or nothing. That is I would say this isn't prostitution.

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It's not OK. So from what we know from the article, no. So it's just simply going out to dinner, having a conversation. That's it from what this article is talking about. But still, I'm not comfortable with it. My daughter is not doing that. My son is not doing that. My loved ones are not doing that.

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I just I can't rock with it because I don't I don't trust especially men. With that, yeah, there's there's a massive power imbalance there, right? Yes, but the broader conversation is that we've got to be having. Yeah. Is that young people are feeling so trapped. Yeah. There you go.

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Young people are blindly making decisions with or without the guidance of their family and adults they trust in their life. Yeah.

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And let's go deeper. Why are they doing that? What's the core group? They don't want to be in debt. Mm hmm. Young people are nervous. They're scared. They're like, yo, what do I going to do? I don't want to graduate college and have all this over me, have to move back in with my mom and and have to drive this car. I got to ride the bus and I can't enjoy my life. What can I do?

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What can I do? What can I do? And so the core root is like, yo, I do not want that. So what can I do now to avoid that? And they don't even know of the stress and issues that what they do today is going to impact their tomorrow. Oh my gosh. And it's not safe. You don't know what you're walking into. And so that is why I have my message on not just student loans, but it period.

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Here's what you need to do to start a solid foundation so you don't have to worry about graduating with student loans. You don't have to worry about not going after your dreams. I want young people to go after their dreams and I want them to get it in them. And you're not doing something that your integrity is questioned.

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You morally feel all safe. Yeah, and I'm staying home. You can't sleep because you like you're disgusted about, you know, the decisions that you've made. And I've been disgusted at a young age, not because I did something like this, but because I wasn't who I was created to be.

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Hmm.

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You know, and I'm like, man, like, I felt disgusted having to prime example, be honest with you being a collection agent, and I'm over here begging you and harassing you to give you and pay your bill when I'm trying to do the same thing with my stuff, you know.

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So I'm like, we all if we have a solid foundation and go down to the core, the problem, the core, the problem is I'm in debt and I don't want to be in debt.

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And I think these young people who are considering is this because, like, I don't I don't want I don't want that issue. I don't I don't want that. So as a as a dad of of a ten year old and a four year old. I need to hear this, that kids are making choices to pay off their debt.

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That because I'm not planning or because I'm putting a vision of success, I'm putting a vision of prestige into their hearts and minds that is going to cost more money than than they've got than we've got.

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Yeah, and I need to do a good job at a young age of instilling in them the value of a dollar. Here's what a free community college looks like. Let's start saving money together. Let's come up with college dreams together.

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Yeah. And to those guys out there that's doing it, something's wrong with you. There's something wrong with you. Grow up, get the kids, get some friends. Your own age guys bothers me.

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I'm sick of this. This is the Dave Ramsey Show.

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People all over the country are discovering a faith based and budget friendly way of meeting health care costs through Christian healthcare ministries, Christian health care ministries, or CHF, is a nonprofit organization that helps members carry one another's burdens with health care expenses. And they have successfully shared each other's medical bills for nearly 40 years. CFC is right for you by visiting S.H. Ministries. Big C h. M is a proud sponsor of Dave Ramsey live events. Going all the way out to the beautiful, beautiful, beautiful place of Canada, we're going to have a conversation with Alex.

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Alex, good afternoon. How can I help?

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Hey, guys. Thank you so much for what you're doing. Here is the problem. So like a lot of folks, covid turn my life upside down. I work in restaurants and I was like attacking my debt. I owed 34000, brought it down to 20, 25. But now I'm out of a job and I'm finding myself in a bit of a catch 22 because I live with at risk relatives. And the next phase of reopening has indoor dining, which there's always case spikes and stuff like that.

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So I can't really go back to work. But being out of work is giving me some serious, like depression and anxiety. So I really I'm like, does should I find a hole in the wall with, like, super low rent and risk of getting shut down again? And then I'm stuck with another whole stack of bills, or should I just wait it out and deal with my mental health?

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What's your work in restaurants? They have done everything, a chef, bartender, manager, anything, really. So here's my Minding Work.

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Here's my question. Can you do something else? Are you stuck in the restaurant world? I've only ever done this since I was 14. I'm thirty four, thirty three now, thirty three. So I want you to step back for a second and say everything that we knew about how the world worked is different now. And this idea of it's just going to finally kind of make its way back to what was is is over.

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It's gone. Yeah. A key example that I got to have a ringside seat to was one of the large revenue drivers at Ramsey Solutions was Financial Peace University. And when it hit, they got in a room and said, what do we do right now? And they started taking one of their main revenue drivers and giving it away. The business changed overnight and it's just transition.

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Right? So I tell you that to tell you this, I would consider strongly, if you've got a good situation, if the people in your home count on you, then this may be the moment that you're going to have to go get a part time job. You're going have to do different work is something that you haven't done in a long time.

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But that is going to be it's going to be what you need to do right now for your new situation moving forward. And it may come a time when going back to the restaurant business, the place that you love, the place that you know, more more likely, the place it's comfortable that might come back around. But right now need to make some money. If you want to jump in, get a hole in the wall, man, go get a hole in the wall.

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But you nailed it. Your mental health, your value, your worth. Man, we were made to work. Yeah. I want you to hang on the line, and Kelly is going to give you a copy of our friend Ken Coleman's book, Proximity Principle.

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I at least want you to go through the philosophical and spiritual exercise of stepping back and asking yourself not what have I done for the last twenty years? What's comfortable to me, what do I know? But what do I actually want to do? What do I have to do right now? Because the world's changed underneath me.

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And how can I make both my keep my family safe and take care of my bills and take care of tomorrow in a whole new environment? Love it.

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Going out to Los Angeles, California, we're going to have a conversation there with Ken. Ken, good afternoon. How can that be? And myself help.

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I just had. Experience like suicide and have a hard time dealing with it, because you just experienced tell me about that.

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I heard some gunshots and ran up and, you know, saw. Well, in our time to talk about this, honestly, yeah, take your time. Yeah, I mean, take it. Take a deep breath.

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Anyway, I. I need I just wanted some guidance on how to deal with understanding, you know, why suicide happens. I had a good friend of mine as well, take his life. And I just I know it's happening a lot around the nation, but I just wanted to get kind of inside of, you know, how you deal with that kind of stuff.

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So I'll I'll get to those questions. The I can hear the weight and the hurt in your voice. Did you? See somebody or did you have to deal with the aftermath of somebody taking their life? You heard gunshots and you went outside. I was the first one there and OK, and I saw them the so I was wrong. I've never seen that. So it was really hard to get, you know, trying to get. Well, they had wrapped around all that, so, yeah, I can do it well, no.

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One, thanks for calling. The call you made just now is a brave, brave call.

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And I want to applaud isn't even the right thing.

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I want you to know that I hear you and I'm with you and I appreciate that. Number two, I've responded personally to a number of those situations. And so I've sat in your seat and I want you to know that the things that you saw, you were not supposed to see. Yeah, we're not wired to see that stuff. We're not supposed to see that stuff. And it is devastating.

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And it takes your heart out from underneath you. And that's what you're sitting through right now.

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OK. You've got to got to got to this isn't a think about this isn't a process. You have to get somebody else around you right now.

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You've got to get somebody to talk about and process what you saw when you saw it, how you're feeling, and someone who's going to check in on you the next couple of days when you commit to me to do that. Yeah, you know, and it's not a moment, Ken. It's not a moment to be tough. It's not a moment to sugarcoat. This is a moment you've been through a trauma. You are a first responder. You've sat in something that people aren't supposed to see.

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And you have to treat it with that level of immediacy and that level of seriousness. OK. So can't let me say this to me, you asked you asked a question that. I remember when I was pastoring for about 10 years of my life, that would be the first question why? Why did they do this? Why and let me be honest with you, Ken, I don't care who you are. No one has that answer. We can explain why.

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We can't explain why people die, why God allows that to be people be killed. We don't know why someone would want to take that. We can't explain.

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And so I don't want you to carry that burden and keep asking yourself why, why, why, why right now, you sehnalová for that family, but your number one priority right now is yourself is your spirit, is your mind and is your health, which is why you have to go and see a counselor.

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When you get off the phone, I want you to give Kelly your name, number and email address, I'm personally going to pay for your first hour. Because you need to go see someone not today like now, because right now what you're doing is you're absorbing all of this in you, asking yourself questions, you're looking for answers and some of the things we just don't have answers to. And you need to be able to cry. You need to be able to scream.

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You need to be able to say what's on your mind in a safe place so that we can get you back to the day before yesterday. We got to get you back there sooner than later.

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Well, I want to tell you this. Let me let me add to that or let me let me alter that a little bit. There is not going to be a tomorrow.

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Yeah, OK. You hear me, can you help no, well, here there's not going to be a return back to yesterday. You saw what you saw you experience what you experienced, and that's going to be a part of you. And over time, you'll make meaning of it.

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Over time, it will become a part of you will become a part of the choices you make in the decisions you make. But as Anthony said, this is a serious a serious can get what you saw, OK, what you experience and I want to tell you. As a community member, I'm glad that somebody like you had the courage to go outside and see what's going on. Yeah, OK. Yeah, hang on the line, Ken. We're grateful for you.

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And when we come back, we'll talk a little bit more broadly about suicide, about the epidemic of folks taking their life in this country. Thanks for calling in. Thanks for calling. Stay on the line. No matter what time of year it is, focusing on your family's financial plan is always a smart move. I get questions all the time about where to start and what to do first. Getting term life insurance needs to be a top priority.

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I recommend 10 to 12 times your income and lock in rates for 15 or 20 years. This gives you plenty of time to get out of debt and build wealth. I've been recommending Zander Insurance for over 20 years. They understand and live this strategy and will take the time to help you find the most affordable term life rates. Go to Zander Dotcom or call 800 three five six 42, 82.

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The last caller, I heard some gunshots in his house and he went outside and he was the first guy to show up and find that his neighbor had taken his life. And Anthony and I want to not gloss over that trauma that he experienced, that pain that he experienced and the importance of him to go sit with somebody immediately to talk through his situation, what he saw. People are not supposed to see that. And then to begin the healing process, that's going to take weeks.

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It's going to take months, and he's going to get other people in his life. And Anthony graciously reached out to support him financially to help him out, which is just such a gift.

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He also said the caller, Chian, also mentioned he had a friend recently take his life. And if you look on the news, if you read the statistics, the the suicide rate in this country is just unacceptable. Yeah, it's unacceptable.

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And so Anthony mentioned something. And then I think it's critical and it's right when someone around you takes their life.

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Every cell in the human body has one job, and that's to get to tomorrow and get to the next day and get to the next day. It will often do things in the short term that won't benefit you in the long term because its goal is to get to the next day. Right. That's what people will smoke because it feels good right now. It slows things down for me right now, even though it's going to kill me later. Your body will do what it needs to do right now to get through the day.

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And so when someone takes their life, they are overriding every system they have. And there are you will never know, and Anthony said this, and I want everyone to hear this, you will never be able to fully get inside the heart and mind of somebody who takes their own life. And wearing that on yourself is unfair to you.

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That said, there are extraordinary researchers like Dr. Shneidman, like Dr. Thomas Joiner, that put out some of these ideas. Why would somebody get to that place? And there's things like hopelessness. There's things like belonging. I don't belong anywhere.

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There are are ideas towards a perceived burdensome people are worse off because I'm here. And then there's this idea of practicing. I actually had the ability I've got a gun available to me. I've got pills available to me. So here's a couple of things I want to pass along to folks. Here's a couple of myths, a couple of facts. And I pulled this up from my personal notes.

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No one talking about suicide, asking somebody, hey, are you going to hurt yourself, does not increase the risk that they're going to do it. Often people are so relieved that somebody finally solve them for who they are. Understood them for what they're going through. And they just weep. They just say yes. People who talk about killing themselves are often trying to express this pain that they're experiencing. Any sort of threat should be taken seriously. My students, my friends, the folks I've worked with over the years, they know do don't mess around with, oh, I'm going to kill myself.

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Not with Aloni dude, because I will call your bluff 100 percent of the time.

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So often people don't want to die. They're just exhausted and they're tired of hurting and they don't see another option. Somebody mentioned a quote to me one time that suicide is not the problem for somebody who's hurting. That's the answer. And so we've got to back up and say, who in our world doesn't belong?

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Who in our world is on the margins? Who is hurting among us around us? If you are hurting, if you are sitting in this covid mess, if you are unemployed, if you are struggling, if you were looking at your debts and you were thinking the people around me would be better off without me, I want you to call right now one 800 273 8255. That is the National Suicide Hotline, one 800 273 8255.

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If you know somebody in your life who is thinking about hurting himself, call the number. If you are thinking about, you know what? I'm just would be better off not being here. Call the number. I want you here tomorrow and the next day and the next day. Suicide's hard, we got to start talking about it more and we've got to start talking about it more and we can start loving the people on the margins. Yeah, man.

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All right. We're going to go out to Jackson, Tennessee, who we're talking to. Peaches.

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Peaches, good afternoon. How are you, Peaches? How are we doing?

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We are doing fabulous. We're doing babblers. I'm glad you said something to that guy and directed him in a way to get some help. I know Mr. Ramsey and the team up there. As a matter of fact, I'm a retired police officer for 33 years, so I know what PTSD and other issues will do to your head. And yeah. So we've got to get some help. Yeah.

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Thank you, Peaches. Thank you. How can we help you, Peaches?

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OK, my thing is this. I've got friends that are running around here right now with this. covid-19 situation going on, and they're not doing this and they're not doing that, no Radikal being afraid to go there. And I think it's fabulous because wearing masks and socially distancing is helping everybody to stay well. But I'm in talking to them and listening to them. It is like a rubber band. I literally see that rubber band stretching, stretching, stretching, stretching and stretching.

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Hmm. What is it going to do this time next year? May maybe a little bit later when we have a vaccine and things are getting back to normal, that rubber band is going to snap. They're going to be saying that they couldn't wait to get back to Ross. They're going to do some shopping, that they're going to buy this and thinking about it, how do we keep our friends from running off into the distance?

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Hmm, that's a great question. Number one, thanks for caring about your neighbors. That's so good. Thanks for caring about your friends and being astute enough to see that man. People are not making wise decisions right now or they're getting nervous. I love your analogy of that. Stretch, stretch, stretch, stretch, stretch. Anthony, what do you think?

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You know, I think the thing that we really just have to really think about here is that people are going to struggle. You know, a lot of people have been comfortable. A lot of people are not really making wise decisions financially. I agree, Peaches, that we have to be safe.

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You know, when you're around, a lot of people wear a mask. If you have symptoms, stay home. If you're out social distance as much as possible. But at the same time, you still we still need the economy. We still need to work. We still need to make some money. And so I think right now, while being safe about being wise, we also still need to be producing and making some income. And so I'm loving that.

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You know, we have a lot of young people who are staying home right now and they're why they're social discussing what they're doing is still educating themselves. I for an example, they're taking on a financial peace university and some people are even leading financial peace university and helping people get ready for what happens after this pandemic hits.

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And so I love that Peaches, to answer you directly. I think that what you can do to help is you continue to be an ear. You continue to live by example, continue to walk in the light and continue to serve, serve, serve. The best way to get out of our own heads is to get into the hearts and care of other people in this this crisis this year has left a lot of people feeling scared about their money.

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All they know is that they never want to be in this situation again and they don't have any idea where to start. Right. You mentioned it. When this thing snaps, what people are what are people going to do?

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That's where you can come in a great way that people have served their local communities, their churches, their neighbors, in partnership with Ramsey, has been to serve as a financial peace coordinator. Coordinators are everyday folks just like you who walk with people through their proven plan to don't debt to look at that snap rubber band, as Peaches put it, and help put their life back together to save for emergencies, build wealth so they never have to worry about this stuff again.

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You don't have to be a money expert to be a coordinator.

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We take care of all the teaching.

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You can even lead a virtual class if you don't want to get outside in just for leading, we'll give you free Ramsey plus membership for a whole year.

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Peaches is right, we need people in our community to step up and to help, and we want to give you the best tools you can to help. If you if you are interested in leading an FPU class, we would love to have you serve your neighbors in this way. As a coordinator, you can change somebody's life. You can show them the way to take control their money for good. No more fear, no more sleepless nights. So to learn more text to lead FPU to three three seven eight nine, that's lead FPU to three three seven eight nine.

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And when you lead FPU America, hear this, you're saving someone's marriage. You're saving someone's life. You don't know what you're doing, but money is a real thing, but it's good, that is good. This is the Dave Ramsey Show. Scripture and quote of the day comes from Matthew, 21, verses 42, Jesus said to them, Have you never read in the scriptures the stone the builders reject it has become the cornerstone. The Lord has done this and it is marvelous in our eyes.

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David Brinkley says a successful man is one who can lay a firm foundation with the breaks others have thrown at him.

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Oh, I like that woman. That that's some goodness. Yes, that will be on my Instagram tonight.

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All right. Let's go to Blind's dotcom question. Blind's dotcoms, 100 percent satisfaction guarantee means even if you miss measure or picked the wrong color, it's like they it's like they're getting into my head.

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Anthony, they'll remake your blinds for free.

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So if you are an idiot and screw it up, they'll come behind you and help clean it up. Blind's dotcom. You get free samples, free shipping. And with the new promos they run every month, you'll save even more. Use promo code Ramsey to get the best deal. Rules and restrictions apply. So today's question comes from Anthony in New York. He visits Dave Ramsey Dotcom to ask. Here we go. I am 20 years old and live with my mother.

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She does not support me and I send myself to college. I try to be a good son, but I think she exploits me financially and cares only about herself. For example, I recently got a sum of money and she broke into my phone and checked my bank account to see the amount. She borrowed 700 dollars from me to buy clothes even though I needed it for school. I told her no, but she threatened to kick me out. I am deeply dismayed and cannot afford to move.

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Any advice.

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What say, Anthony O'Neal, this is not an easy answer because I need a lot more details, I'm not loving in that, if this is true, what mother is doing.

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So, yeah, I, I think she's exploiting me financially. She stole 700 dollars from your bank account. Yeah. She didn't borrow. Call it what it is.

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She stole money from you when I'm having a conversation with mom. Listen, this can't happen again. I mean and you have to be honest with yourself and just be like, hey, I need to find somewhere else to go. Bottom line. And because you can't stay there if it continues to happen, because that's going to bring on stress and more issues. Or what you can do is try to figure out how can you lock up your money somewhere else where your momma can't get access to it?

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Because I don't see how. And this is why I need more information. How did you get the money through your phone? It looks like she got in there and just checked his account and then she somehow is connected to his account. And Anthony writes this She does not support me, period. Yeah, that's an inaccurate statement, Anthony. She pays your rent, you live with her. And so she is supporting you. And as Anthony O'Neal just said, your 20 year old man.

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Yeah, it stinks. This is you've got to make a plan to get out when your mom will steal from you, even when you say, hey, mom, this is for my education, this is for my future. When she says I'm going to steal from you, you've got to make your next step plans. And so, like Anthony says, you got to lock up your phone. You got to change your accounts.

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You've got to make a radical plan to move into somewhere else safe the next six to 12 months.

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You need to be out of the house today. You need to be planning, what, the next six to 12 months exit strategy looks like. Bottom line, it sounds like you're in an unhealthy situation. You don't want to jump and move out today.

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You need to make a plan and bounce and you got to protect your you got to protect your money. Got to. But as long as you are living in somebody else's house, she can charge you rent. She can feel like she's got ownership over you. Yes.

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Right, wrong or indifferent. We can argue that all day long. The reality is you're living on her dime, living in her home. She doesn't have a right to break into your account, steal from you. But man.

[00:34:03]

Oh, man, sorry to hear that, man, but it's going to be next six, 12 months. You'll be better going out to Austin, Texas. We're going to take the last call a day, have a conversation with Aaron. Good afternoon. How can that today and I hope.

[00:34:16]

Hi, guys. Thanks for taking my call. So my wife and I are trying to influence and it looks like we're on track to pay it off in about three and a half years. And what we want to do is move up in the house. We want to play the house and possibly by about 20 acres. And I was wondering if it would be all right to take out a home equity loan once the house is paid off to put towards our new house.

[00:34:45]

Once the house is complete, we're ready to move into that. We sell the house that we're living in and pay it off right away. No, I was just thinking, Erin, no, my first thought in my head was no, but I'm gonna let Anthony answer it in a little more dignified, respectable way. I mean, it's sort of just like I was about to.

[00:35:05]

Yeah, I mean, that's dead. I mean, as dead air. So why would you pay off debt to go back into debt? You know, I get it. That is it's on your house and it's a it is an appreciating asset. But why would you want to borrow against your home, you know, and everyone says, hey, you know, I'll get it. Then as soon as I get back in the house, I'm paid off.

[00:35:25]

Well, here's the truth. In fact, nine times out of ten, you're not because you don't get comfortable. You wouldn't get into the house. Something is going to come up. There's no pressure to pay that off. You're going to make the minimum payments and you're going to put all of your money into the house. No, if you pay off the house, this is what I recommend you doing.

[00:35:41]

Now, do you want to do you want to keep it and rent that house out since it's paid off? Or do you want to sell it and use that equity to go towards your new house? What's your goal there?

[00:35:53]

We're wanting to sell it to move into the new house. Yes. So and yeah.

[00:35:58]

Why don't you do that right now? Like, why would you do that? Well, why wouldn't you just do that today? Because I want to get the house paid off first and have that that cash on hand, I don't I don't want to I don't want to have to start over again because we've been paying on this house for about two and a half years already. And so we're just throwing everything at it, trying to get it paid off.

[00:36:20]

And we want to kind of save up a little bit of money after it's paid off for about a year to kind of help cover all that, you know, if there's additional costs with the new house.

[00:36:29]

So I don't fully understand. Let me try to ask let me ask you another question, because I'm not getting the math here.

[00:36:36]

You know, two years more on your home, let's say, and you want to pay it off so that you can turn around and sell it. So that you can then put that as a down payment on your future 20 acres there in the Hill country.

[00:36:53]

Is that what you're saying? Yeah. So so why don't you just get. Why are you not just skipping the middleman, sell the house right now and put that money down on your 20 acres in the Hill country? I guess it's just a coincidence. I've got the house paid off. We're not quite ready to move up yet. And so I guess just once we got money, you know, the new house, what I want to try to make it to an equal, you know.

[00:37:22]

How much is the house where I get to negotiate? How much is that? Well, it's it's right now it's just south of 200 Tommaseo in it, right?

[00:37:31]

We owe about 160. OK, so you're 40000 are the equity and you are saying with the next two to three years you can have the paid off, which 160.

[00:37:40]

Right. But but you do know eventually you want to upgrade.

[00:37:45]

Yes. OK, your option is is if that's what you want, do that's what you want to do. Another option is you can sell the house now. OK, sell the house now and start paying 160 on the house. Just going ahead and save that and put into an account, because the equity difference between now and two years from now is maybe five, five, six, seven thousand dollars, maybe depending on how, you know, Austin is doing right now.

[00:38:12]

Austin, Texas. I don't know if that's I don't know if that's good enough for you to stay. So if you're not ready to go down, maybe could sell the house. Now, get the equity out of the house now. Go rent something, maybe a little bit cheaper, and you have enough room for your family, but now your payment is going down a little bit. Lord, what's going out a month? And you can save all this money to put down towards your new house in the next three to four years.

[00:38:38]

And a lot of people do that. And to be honest, you, Aaron, I'm even considering doing that because I want my dream home. And so I'm considering selling my house now. And so this way, when I sell it, I can own equity. I'm a go down in house. It's just me and my dog. And I'm trying to go cheap if I do that. So that way, in the next two years, three years, I can go build my dream home and put down a large, large, large, large amount down on the house that that we believe, which is going to be much more than 20 percent.

[00:39:07]

My goal is 60 percent of the house and pay off the house within three to five years. So that's what I would definitely recommend.

[00:39:12]

Hey, before we go, Anthony, I want to check in with you one second. You're talking about some heavy stuff that I want to make sure your heart's clear. You feel good. I'm good, brother. All right, man. Yeah, that was good. I like you, bro. I want to thank our producer, James Charles and filling in for our associate, Monofilament and Kelly Daniel, our associate producer. Yeah, this has been a great day.

[00:39:31]

Thank you all so much for children with me. And this is Today Ramsey Show. This is James Childs, producer of The Dave Ramsey Show. Once again, you made The Dave Ramsey Show, one of the top four most popular podcast last year. To get your daily dose of motivation and inspiration from the Ramsey network. Subscribe or follow today wherever you listen to podcast. Hey, if you've got questions about retirement investing and becoming an everyday millionaire, go bigger and broader with my man Chris Hogan on the Chris Hogan Show.

[00:40:10]

I am excited to be able to talk to you all week in and week out. We're going to focus on your calls and it's going to focus on building wealth investing and how to become an everyday millionaire. Subscribed to the Chris Hogan Show wherever you listen to podcast.

[00:40:25]

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.