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Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show that is Dom Cash is King and the paid off home mortgage has taken the place of the BMW and the status symbol of choice. Anthony O'Neal Ramsey, personality number one, best selling author, is my co-host today. Open phones at triple eight eight two five five two two five. We'll talk about your life and your money. That's triple eight eight two five five two two five.


Maria is starting off this hour in Harrisburg, Pennsylvania. Hi, Maria. How are you?


I'm good. How are you? Thanks for taking my call. Sure. What's up?


So one thing that I really want to celebrate is I paid off my student loans two days ago. Yeah. So you have that's one big milestone in my life and I still have to get laughs. I still have a car loan and my parents have been gracious enough for me that they've allowed me to stay at home with them so they can allow me to pay off my debt. So they really gracious with me with that. So both my parents know how determined I had to pay off my car loan to and I have said before I left, so I'll make it straight for you.


So it's only fair to them that I help them with utilities and electric since I'm still living at home and with my mother, I've come to that agreement and that's perfectly acceptable because I'm still living under the roof once and I'm not comfortable with this, that she wants to charge me rent, which is but the stipend that she will hold on to that money for me in her savings account and she won't let me put that in my savings account. So I feel like there's a trust issue the first day, like she doesn't trust me with my own money and she wants to help me out in a sense of saving it for the future.


But how old are you? I'm 27 years old, 27.


Will you make a year? I make about 30 grand working two jobs, so I work 40 hours a week at my other job and I put in about 20 hours with my part time job. Oh. Hmm.


You know, Maria, I learned you're 27. You know, my I'm kind of split. So let me say this. On the flip side, my father did the exact same thing that your mother is doing. But I was 20, you know, I was 19, 20, maybe 21 around that time. He actually I paid him 250 dollars a month. And by the time I moved out, he actually gave that all back to me and some to start my life off.


But let me ask you a question. I want you to be honest with us. Should your mom be able to trust you? Like, are you being a good steward with your money? And yes, she wants to play a game where she a lie, and at the end of the game she gave me all that money from the basement that I saved up over. And I don't think that I moved out. So, Maria, I think you got that.


Definitely. That's not a game. That's I think that's somebody trying to help you become a young adult. And if you've never paid rent before, you do need to know how to do that. So I would definitely wear game out of out of you, out of your head and say, OK, cool, let me just pay my mom rent, move on about your life, get out of debt and do everything. And then just accept the fact that your mom is just trying to help you mature, help you get ready for real life, because I'm pretty sure her rent is nowhere near what rent is actually going to be.


But I would definitely say eventually I would try. Honestly, if I was you and Dave may disagree with this, but at 27, I'm looking at how do I get out of the house even if I do have some debt on the table?


Yeah, you need to be what you need to be gone in three months. Yeah. I don't know if I want to move out. You know, Michael, you're 20.


You're 27 years old. It's time to move out, get get your job work and get your budget on an apartment, figure out how it's going to work and tell mom I got about three months to get my act together the rest of the way. And it's time for you to move out your this is emotionally treating someone like they're 18, 17, 19 years old or whatever.


And you're 27. Yeah, OK. So, yeah, you need to move on. And your mom's trying to be sweet. She's trying to be helpful. But it's time for you to take that next big girl step. Yeah. And it'll change your life. It'll be good for you. It's going to be really hard and it's going to be really good for you.


Open phones at eight eight two five five two two five.


Thanks for joining us, America. We're with you. We're here to help. George is with us in Cincinnati. Hi, George.


How are you? I'm good. How are you, sir? Better than I deserve. What's up? I appreciate you taking my call. Just wanted to ask your advice on buying some land right now to build a house. So currently my wife and I have a baby step six. So we're attacking our house now. We have about 300000 still to pay off for a mortgage. How quickly you're going to build everything else? Well, that's the question.


My wife thinks it's better to buy a lot right now and just kind of wait to see how things go for the next six months or so. I thought it might be that there would be a good idea, but also maybe we do the construction of a permanent loan for a better rate.


So we don't have you know, I would just you know, if I was going to buy land, I would buy a piece of ground in the construction loan and start building. If you're not going to and that's just that's just the answering the question. Can I move? And the answer is, yes, you're going to move, but do it. Do you start investing in land or do you buy land that you might use 10 years from now and not pay cash for it?


No, I would not.


But if it's a part of making an immediate move and you're going to start building very quickly, then, yeah, I would go ahead and start that process. And then, of course, your home goes on the market and sells and you you move into the new property that's being built by the new builder on the new piece of ground, whether it's a piece of land or a simple lot in a subdivision, either one of those is fine.


But but this thing of, oh, I'd like someday to maybe move someone to just go buy a lot. No, I wouldn't do that.


That that very slowly, very seldom end up building on that lot. Now, you're absolutely right. And George, I put my business out there. Me and Dave talked about this about last year. And Dave was like, no, no, not not unless you're going to move, Anthony. If you're not going to move, then don't do it. And thankfully, his wisdom was correct because I didn't build in that area, actually went totally opposite of where I thought I was going to go.


So I want to echo what Dave is saying. If you know you're going to move there and start the building process, do it now. But if it's down the road, things could change. Life could happen. So I would avoid that at all costs.


Yeah, they will change. Yeah, that's how that'll work.


Open phones at eight eight eight two five five two to five. And just to recap, if you're building a home, there's three pieces of paper that are really important. You need a budget that you and the builder are in agreement on and each line by line, you know what each of the categories in the budget look like, just like just like running a budget for a business or for your personal life. Same thing.


You need a schedule. What's going to be done when not just what's the delivery date, but the framing is going to be this date. The trim carpenter is going to be the steak kitchen cabinets will be installed on this date. You need a schedule and you need a blueprint. And that tells you what's being built and you manage to the schedule, the budget and the blueprint. This is project management. If you cannot do that with your builder, you have the wrong builder.


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Thank you for joining us, America. Anthony O'Neal Ramsey personality is my co-host today. Open phones at eight eight two five five two two five.


William is with us from Pensacola, Florida. Hi, William.


How are you doing? Fantastic, sir. Thank you for asking. Sure. We have. Yes, so I had a quick question for you. Much the similar as the same caller in her living situation after taxes, I don't make much more than minimum wage, and I've been carrying the car loan that I have now for a little over two years. My question was, is it worth refinancing the vehicle to try and free up some extra money so I can afford a place to live by myself and not live with my parents anymore?


Or what's the best course of action?


How much do you own your car? Yeah. What is it? How much do you owe on your car? I have thirteen thousand left. What kind of car is it? William? It's a twenty seventeen Ford Focus. OK, and how old are you? I'm twenty six in March. OK, and why? Tell me about your career, because it sounds like you have an income problem. Yes, sir, I don't have much of a career at the moment, I fell on some hard times and a troubled upbringing, so I'm just.


Really just trying to overcome a lot of that and start making my own efforts to try to get into a career now.


What was preventing you from getting a solid job? I know you said hard times, but without saying too much into personal information was what's preventing you from getting a good quality job? Probably experience. OK, do you have any education? I have 12 time, so it's not the same, but I have enough of a generalized understanding. And what are you doing? Probably. What are you doing around William A. I'm working in a college, basically engineering.


OK. OK. All right, here's my thing. I agree with Dave. You have an income problem and you're young. And so I think right now, until you can't land a solid career. And I want to connect you with our career expert, Ken Coleman. But before you go over there, there are two practical things you could be doing right now. You have a 2017 car quality car. Just the other day on the show, we found that John DeLorean and ourselves met a young man your age making about 6000 dollars a month just off of delivering for Uber and for just doing Uber, period.


And so your income problem could be fixed if you're willing to really put in the work. And so if I was, you would a 2017 car right now? Immediately when I hang up the phone, I'm registering with Uber here in Florida, which is wide open. I would start driving people around on top of what you're doing, then get connected with Coleman to figure out what is your sweet spot? How can you get into a career that will set you up to win?


But right now, you don't even have the money to move out with your parents. You got thirteen thousand dollars in debt. So we need to get your income up. And then your first priority. Yes. Is to get out on your own. And then we need to talk about how do we get you out of this debt and don't rack up any more debt. But today, immediately, William, I need you to kind of like, say this respectfully.


Step up. It's time for you to become the young man that you are. And going ahead, get on Uber, find you something you can do today. They can start generating you an extra five, two thousand dollars a week immediately.




I don't know what you've been facing with your hard times. I can't you know, obviously we don't have that information. But the answer to your question is you only owe thirteen thousand dollars on the car.


If you told me it was thirty three thousand and you're making minimum wage, I would have said just selca. Yeah, this is Sonus. Car does not fix your situation because it's not really your problem. The fact that it's pension you is indic is because of your income more than it's because of the debt or the size of the car payment, that kind of a thing. And so, yeah, your issue is career, short term and long term.


And we've got to get your income up short term. And Anthony outlined that for you and then long term. So hang on. And Kelly will pick up and we'll get you hooked up with a Ken Coleman book, The Proximity Principle, and she can also set you on his Web site and help you with some of the some of the interview techniques and some of the things that he's teaching, which are absolutely fabulous. Dave, you're a father. And I just got to ask you this question, because I'm seeing this more and more with this younger generation there at home.


They don't have a good job. And I feel as if part of that is a huge part of that is on the young man or the young lady. But would you agree or disagree with me that a huge part of that also is on the parent? You're allowing your son or daughter to come home to be 26, 27, 30 years old, making thirty thousand dollars a year? Like how would that advancing him forward?


Well, it yeah, I'm a mom. And Dad's attitude about the whole thing affects the young person's attitude as well. So if mom and dad are like, well, you know, pandemic and it's bad out there and there's no jobs and, you know, they got a negative attitude about everything, they don't see any positive way to go make money. And, you know, oh, you can't do it because, you know, you can't be socially distanced or you can't have enough masks on or whatever.


I don't I don't know what I mean. But if mom and dad are saying, well, I mean, you're screwed, you can't do anything, she might as well live at home instead of saying, oh, you step up, man, up here and let's get going, which is what you did with this guy.


And so it's you know, I grew up one of the blessings of the household I grew up in was mom and dad were entrepreneurial. And so if if you didn't have any money just because you don't have any ideas and you weren't working, so you need an idea and you get to work on it because there's always a way to make money. I mean, you can walk dogs, you can mow lawns, you could clean out gutters, you could wash driveways.


You can you know, I mean, teenage jobs I have done I've shoveled out stuff out of houses that only more think about. Yeah. And so, I mean, there's all you know, it's there's and you'd be amazed what people will pay you to do if you will bother.


Go get you a leaf blower.


Rich people are afraid to leave, you know, I mean, it's it's you know, there's a lot of stuff that people can do.


But but mom and dad, my parents had that entrepreneurial spirit.


And so we weren't a we weren't allowed to not work, I guess. And B, we weren't allowed to not be dreaming about a better life while we were working. That's good.


And instead of just like, well, the little man can get ahead. You just took the pandemic. Got you. And this generation, you just can't get anything and you just bad. No, God, man, when I was your age was lots of opportunities. You got your going. Opportunities are out there to do. And good Lord, with technology right now, you can start about six businesses by nightfall.


Yes, yes. Yes. Yes, and when I hear that, Dave, I get so frustrated and I had to ask you, because I think most parents are between you know, they're between hard driving entrepreneurs like mine were and, you know, EOA, that I just picked it up. Right.


So somewhere between and but I think the thing mom and dad can do is speak life over the situation, speak blessings over the situation. And it's not false encouragement or false positive thinking or something like that that you just dream up. It's just really believing that if you you know, you get out there and you push things around, something will fall over. But I guarantee you it won't while you're sitting there wishing it was going to. Yeah, yeah.


Parents gotta do better. I mean, I'm not a parent, so I can't speak to parent as a parent. But I would definitely say I am concerned with this generation. A small portion, this generation and I get it covid happy covid was real. Jobs were real. But Dave, I've seen so many young people got creative. They went online, they started online tutoring. They went out there starting cutting people's grass because they were scared to go outside.


And just last week, me and John was so shocked. On Friday, this young kid, 28 years old, mean yeah, I'm a six thousand dollars just from doing Uber driving people around. And I'm like, wow. And people are saying there's there's no way to make money right now. And there is if you're willing to put in a work, you won't do it. We want you safe. We're not saying do not be safe, but at the same time, when you step up and say, you know what, I'm going to take control over my future and I'm going to become better every single day, and you can.


Yeah, well, and it's you know, Lou Holtz, our buddy's 83 and what he said when he's done here last summer speaking, he said, please don't keep me alive by stopping me from living.


Yes. He want to think about.


Yes, this is the Dave Ramsey Show. Anthony O'Neal Ramsey, personality number one, best selling author, is my co-host today in the lobby of Ramsey Solutions on the debt free stage. Ferg and Chelsea are with us. Hey, guys, how are you? Hey, doing great. Welcome, you guys. Where do you live? Tulsa, Oklahoma. Welcome to Nashville and all the way over here to do a debt free scream.


Yes, I love it. Love it. Love it.


How much have you guys paid off? We have paid off one hundred and forty seven thousand two hundred and sixty eight dollars and 79 cents. Love it.


How long did this take? Three years, 10 months and eight days. Three years and 10 months and eight days. Man And your range of income during that three years and 10 months.


Mid 30s to one hundred and twenty two thousand. Goodness was a bit of a jump.


Yeah, well, tell us your story, what happened and how that income go up so fast. Well, we got married about five years ago in May. Yeah. Then we had some family stuff happen.


Sorry, already happened to just some family drama, some some disagreements when it comes to money, including family drama. And we're like, all right, Lord, we need to figure out what we're doing. We jumped into church high church with the new family. Appreciate you guys. And we got invited to be a part of FPU group like right after like a month or two after moving back to Tulsa. And we jumped in and we haven't had any money fights since we jumped in.


So we got on the same page and that's what started the journey.


Um, so some of the drama was between you two?


Not not completely. Not really. No, it wasn't all of it, but no, it was. It was. We got married and in May and it was like a whirlwind. I graduated from grad school the same month and then I moved out here. He earned out here. I moved out to Tulsa, Oklahoma, and he was already living there. So it was a big jump for me to join him there. And I just got my degree.


So it's like the next steps in getting licensed and everything. What's your grad school, what you're read working?


We both have a mental health therapist background. OK, so right. Yeah. So I was working on so thus the jump in income.


So you both, you both got into your careers. What amounted to.


I was already a therapist at the time, but it was a community based job which you're driving around with your clients and it was basically work based like what you believe is what you get paid from as a single dude. That really wasn't Gazal intense on his dad. He was like, okay, I'll just pay off debt as I can, but I'm not really going after it or anything like that. So and when she moved out, we jumped into FPU.


It was like, okay, we need to really look at and I was praying to God, how do we get a bigger shovel? Because he keeps talking about getting a bigger shovel. I have no idea what to do with that. And on the emotional side of things, you know, we're also just trying to stay afloat, you know, mentally, emotionally, because of some of the stuff that was going on. Yeah, well, it sounds like your church was a real lifeline.


Yeah, absolutely.


They if it wasn't for that, they got totally lined up all of the steps there, because our first week together there, we were like, we want to find a church. And we had both had previous experiences there. So we went and there is another couple that the Lord had waiting for us there to pray with us about finding a home. And and they were like, hey, we're we're on the same page. We're in the same situation as you for the most part.


And let's like partner together. And would you guys like to come to FPU, you with us? We're going to leave that starting tomorrow night. Oh, yeah. Yeah. So there's a real quick turnaround of hey, hey, we didn't plan to do that. But that's this is your idea.


This is right after our conversation we had the night before about, OK, we got to figure out what we're doing, the money, because we're not on the same page as far as grocery bills and how much we're spending on groceries and we don't know how to budget together. Yeah, and so this whole brand new marriage thing. Yeah.


The 147 at you all had I'm assuming that it was student loans majority. Yeah. Yeah. There was like three thousand.


That was taxes from a year or two ago. OK, so we just threw that in the snowball. And so what's your age bracket. Because we're in the same age bracket here and I'm always I'm always curious to ask young people what what was the hardest thing on this journey. And to the millions of young people listening to us right now, what do you say is the one key ingredient to really changing around your financial life?


I would say the hardest part is not getting discouraged when you know you are doing something with purpose. Every step, every day that goes by is not a wasted day. So that the hardest part is you're not going to know anybody else. Most likely that's doing what you're doing. And so and we had the most debt even in our FPU group. And so we were kind of the only ones still even with that group that were really going through it as long as we were.


So you have. No idea, like we're sitting there on that first, it's like the first or second week of FPU and it's like this is what the total debt is for the whole group. And we, like, tripled everybody else's. And we're like, oh, lord. And we were so embarrassed for a second. But then it was also like, OK, no, it's OK, it's OK. We could just have the best story out of the whole thing.


But yeah, having a testimony is a good thing. Getting one's a pain in the butt. Yeah. Yeah. Well done, you guys.


Well done. To answer your question, how about like what was the thing that really helped us get us through. Honestly, it was Jesus.


This is totally Jesus. I mean, every step. Yeah. There's this next step for us. It's like, hey, you know, we know that you're going through some stuff with some family and some family issues. But here's here's a lifeline, whether it be our small group. Thanks, guys. We really appreciate you. We really love you. Whether it be our employers empowered life. Alyssa, Charles, thank you so much for the opportunity for family health care and Dayspring.


Thank you guys so much. You know, we got to negotiate for a raise. We got a raise.


Also Sunshine Center, where I work. And actually during the 2020 pandemic, everybody, you know, had to go home. And it was kind of one of those loosely held, hey, we don't know what to do, but maybe if you guys can try to get some, you know, some telehealth going, go for it. So that was we were so close to the end this past summer and I was just like, well, we're so close.


We don't want to slow down our are getting out of debt and all of the interest payments halted and everything with all the student loans. So we were like, what can we do? So I started getting all of my clients to telehealth really quickly. I was the first one of the first ones. I think it was the first one in the whole company that got as many telehealth sessions going as quickly as I did.


So finding an excuse not to work. You were desperate to work, crushed it, crushed. And because of that, there was an unforeseen blessing that came from that, because a few months later, the owner was like, hey, guys, you know, we're going to offer this bonus basically for whoever can bring in the most income for the company during this this time. And I got the bonus.


I'd love it. Yeah, that was a really good feeling, like we're going to we're going to pay off the last loan with this bonus. Yeah.


Because we were doing some Ganzel intense stuff and now you've been through three years and ten months and eight days of real transformation. Yeah. I mean, there's a lot has gone on in your life during this time. Money is a piece of it. There's a lot is going on.


Yeah. Was it worth it? Oh, I would never want to live it again, but I would never want to have lived without it, without that that journey. Yeah.


One of the things about our like our Bible verse comes out of James, where it talks about when you have persevered through all of these tests, you'll receive the crown of life that God has promised. And like my family, we have a Scottish background and our motto is sweetness out of difficulties. And it was like, yes, we just really leaned into that. Who better for it and who better for it? We're going to jump in on this.


And we've we have grown closer. We've communicated better. Yeah. Through all this stuff. And it's just really awesome to have somebody kind of, you know, in your corner fighting with you, tag teaming with you. That's like where we're heading in the same direction and we're on the same goal.


So we've got a copy of Chris Hogan's book for you every day.


Millionaires', that's definitely the next chapter in your story. You guys are incredible. Honor to speak with you. And thank you for making the trip all the way over from Tulsa to do your debt free scream. Thank you, Dave. Well done. All right.


It's Fergin, Chelsea. They paid off one hundred and forty seven thousand dollars and three years, ten months and eight days, making thirty up to 122 counted down with zero debt free scream.


Ready, three, two, one.


That's what, three years and 10 months sounds like you're out there, man. We did this in 14 days. This is three years and 10 months and eight days. And they are persevering people. They scratched and cloud and scrap. I'm so proud of you guys. Very well done. So proud of you. Wow. Amazing. This is The Dave Ramsey Show. Anthony O'Neal Ramsey personality is my co-host today, our question of the Day comes from Blind's Dotcom.


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Dave, our question comes from daedra in Tennessee. My husband and I had sixteen thousand dollars in student loans when he graduated two years ago, and now we only have 8000 hours left. I love it. We have been paying, even during the moratorium, to pay down the principal. So we are ahead of payments by quite a bit. Awesome. We are reading in the news that Congress might write off 10000 hours of everyone's student loan debt. Should we keep paying to take advantage of the no interest at this time or stop paying and wait to see what they will do?


If you're going to wait to see if the Congress is going to do something, you are going to be disappointed. I'm not saying 100 percent guarantee it won't happen, but here's the thing. In my history, I've never seen it. So if I was in your shoes, I'm paying it off. I'm not stopping. I'm not waiting for the Congress.


You know, if you wait on Washington to fix your life, your life's always going to suck. This is a good rule. So I don't know what's going to happen with this. I mean, I have no idea. There's no way of knowing. I was pretty sure a few months ago. But the political climate has shifted and the power structure has shifted. And so it's possible that they run this through. I don't know. I never dreamed I would see it in my lifetime, but I've seen a whole lot of stuff in my lifetime.


I never dreamed I would see it right.


So I. I don't. Now, if I were in your shoes, I agree because I'm not going to wait to fix my life on Washington to save me. Right. And so it's it's just a bad plan. And again, they may turn around by the end of summer and you may go, I hate Dave Ramsey.


Just cost me 10 grand and I hate Anthony O'Neal. Oh, yeah.


You know, you're not to be on the same list. I mean, this is real. I mean, this is this is my suggestion. Well, I was agreeing with you, OK? Either way, pay it off. Listen, folks, I'm I'm always going to tell you. Pay off your loans. Yeah. All right. We're just always going to tell you take you have to control the controllable. Let me tell you what. You can't control Congress.


You can't control the president. And you can what you can control is paying off a loan shark, control the control levels and build you a life, and that's your best plan.


So now let me ask you this question, Dave. I think I know your answer, but it's fair to ask, so what if they just say, you know what, since there's no interest, what if I just put that money to the side for the next four months while there is no interest, I'm just not going to try to game the system.


Right. Got. Every time people try to game stuff is when they get screwed and it's when it doesn't work out for them. And so what? Let me tell you what would happen. Some percentage of the time we throw 10000 dollars in an account. We're sitting around waiting. We really had been aggressive about paying off student loan without our foot off the gas. We're not really budgeting tight.


And oh, man, I sure didn't need that bass boat crew go by the bass boat. Congress says, you know what, we can't get that student loan thing through. And you're still sitting there staring at a dead paid for by boat. Right. With your money, you should have used to pay off your student loan. This is what happens. And then you end up in coaching one of our coaching offices somewhere and people are going, you did what?


And you're going, Yeah, I know. I'm so stupid. And we all have these moments where we did something, but it always comes around trying to scam of scheme, trying to trying to run the system. Somehow I'm going to run the system. I'm I'm going to beat the system and don't beat the system. Pay off your debt.


Yeah. Just don't you know, there's no shortcut to any place that's worth going. Abbi's in Madison, Wisconsin. Hi, Abbie. How are you?


I'm good. How are you? Better than I deserve. What's up?


So I'm a 21 year old college student about to graduate in the spring graduations.


What's your degree in fisheries and water resources? Cool.


So long story. Sure. I'll be getting an inheritance of about one hundred and fifty thousand dollars. I'm on day two and I only have about twenty four thousand dollars in. Student loan is my only debt, which I'm planning to pay off with that. And here it can be good as well as say that three or six month emergency fund. Good. But my question is, what should I do? I want to invest the rest or at least part of it.


What would be the best plan for that?


I would just sit down with one of our smart VESTER pros and start learning about some of the mutual funds.


It may be I'm going to guess and say some of that the balance of that money after the debt is paid and the emergency funds are in place, that in the next two or three, four years, you're probably going to be in a situation where you buy a home. Yeah. And that you've gotten started on your career.


You've gotten your income up, you're doing good. And, you know, we're going to move from rental to homeownership at some point, you know, like 25 years old or whatever, and you may use that money to do that with. And so you need to be it doesn't need to be invested in something volatile. It needs to be invested in something kind of boring and steady. So even like a what's called an S&P 500 index fund might be good for that shorter term downpayment investment, because I'm kind of calling this down payment money right now in my head listening to you.


Yeah, but sit down with a smart Mr. Prochnik, smart investor at Dave Ramsey Dotcom. He'll drop down a list of the smartest approach in your area. They'll teach you and you need to learn. You'll need to do it because Anthony should do it. And you don't need to do it because I should do it. You do it because you understand it and you're investing and you're being careful and wise and you know what you're doing.


And someone with the heart of a teacher like one of these smart Mr. Pros has led you through the process. Yeah. Yeah. Great advice, Dave.


And then add to it as beautiful open phones at eight eight two five five two two five.


If you feel like you will never save enough money or pay off all your debt after a year like 20-20, sometimes people feel the same way.


It was kind of a hope stealing year, wasn't it? Money should not be one more thing that you have to worry about. That's why for 2021, we're hitting reset. Because no matter what's happening in the world, you can take control of your money, you need the right plan. Ramsey Plus's our step by step plan where you get quick wins and that means you can finally start spending and saving your money without worry and get the security that you need.


Ramsey plus includes, of course, Financial Peace University, the every dollar budgeting app, the premier version and many, many, many other tools.


It is chocked full and they will show you step by step, day by day, week by week, what to do for the first 90 days and get you a quick start and you will never be out of control again. You can do a free trial at Ramsey. Plus, just go to Dave Ramsey, Dotcom Slash Reset. Tarnya is with us in Hartford, Connecticut. Hi, Tanya. Welcome to The Dave Ramsey Show. Thank you so much for taking my call.


Sure, what's up? I am 35 years old and I'm currently on baby steps, so I'm looking to pay off my home by the fall of twenty twenty two. This will be about six months before my oldest graduate high school. And I really have to think Financial Peace University for helping me with this journey as I became really intense time. Twenty, seventeen. So before covid this goal was reality. However, with covid and the additional income I would normally generate, it would be now an additional year before I could accomplish this goal.


So my concern is that I have another son who will be graduating after my oldest, so I'll have to back to back in college. Ouch. So I'm looking yes, I'm looking for ways to for me to meet this goal. So I am considering lowering my along came my last contribution to do so or maybe withholding it temporarily. I also pay some medical bills that weren't anticipated during the past year that I have to take care of. So right now I am putting about two thousand dollars more a month towards the principal.


But realistically, I'll need another nine hundred dollars a month to get the house paid off in that time. So should I hold off and contributing to my four one kay to be able to accomplish this?


You have outstanding debt right now. Medical. It's only about probably about five hours more. OK, so you can knock that out like this month. Yes, but you're not paying extra on your house while you have that. I will send you clear your dad. You're back and baby step two. Yeah, yeah. You got to clear those debts. Do you have an emergency fund? Oh, absolutely, so much more. It's about 12000. OK, you should have just written a check out of that and paid your medical.


That's what it's for. But anyway, we're clear the medical what I stop my IRA temporarily to get the house paid off, the cash flow college, my mind in this case for a very short period of time. It's really stopping the baby steps. And hold on, we're going to send you a copy Anthony's book, Debt Free Degree, because they need to be working to help get to college. Yes. Listen to Dave Ramsey. I have a friend or family member that needs a daily dose of Ramsay advice in their life.


Let them know about the Ramsey Call of the Day podcast. It's a quick hint of advice about life and money in under ten minutes. Check out the Ramsey Call of the Day podcast 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. 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.


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.