Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where debt is dumb. Cash is king and a paid off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey, your host. You jump in, we'll talk about your life and your money. Chris Hogan Ramsey, personality number one, bestselling author, two times over, is my co-host today here on the air.

We're here to answer your questions about your life and your money.

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

Rashin is starting us off this hour in New York City. Hi, Rashin.

How are you in person, Dave? Good. How are you? I'm great. How can we help? OK, so my husband and I, we go back and forth on this. What would Dave say? So when covid in March, we were on our way to paying off our last student loan. Right. What we did was we stopped paying it off. We just put minimum payments and we started to take that extra amount and stashed away so that we had an emergency fund.

Good.

As of now, because you were right, we're in the middle of an emergency, right? Yeah, OK, so now it's September, we have three months savings and we have which is about sixteen thousand five hundred while I have eleven thousand one fifty one remaining on our student loan, she will just pay it off or keep the emergency fund. And starting this month, we can start to attack that last loan and we should be paid off by February.

So we teach people and we did all through covid that when you're facing an emergency, you stop the baby steps, you push pause, which is what you did. You push pause and you pile up cash.

Hurricane coming at the Gulf Coast, you push pause and you pile up cash.

Mm hmm. Right.

When the hurricane is over or you feel safe as a result of the hurricane, financially safe, then well and physically safe for that matter, to then you push play again. Now, if you push play on your baby steps. Chris, and you had sixteen thousand dollars in there, and you eleven our student loan. What would that look like? Right. Well, it's going to look like I know without a shadow of a doubt how important this emergency fund is.

I mean, we just came out of this situation where you realize they had them that cushion that saved you guys, didn't it? Machine. Yeah, yeah.

Peace of mind.

It absolutely gave you peace of mind. You slept better. You felt better. You knew push comes to shove. You have money there. And so now are you asking after learning what we learned, are you asking that is it OK to use that emergency fund to pay off the student loan? How are you going to push are you ready to push play again? Because enough of the emergency has passed.

Right. And just going into September, and now they're saying that this winter might get worse. It's just like I'm on the cusp, I just want to pay it off. But at the same time, why not just start paying that two thousand a month and just by February will be done with those two will be done with baby step two.

OK, well, we're not going to do both. We're going to do one or the other. You're either going to either in an emergency or you're not. If you are, you don't pay anything on the debt and you keep piling up cash, if you aren't, you push play and you pay off the student loan today. I think you're emergency's over and you're just worried about the future. Yeah, my husband would agree with you. OK, that's how it feels to me.

But that's that that's the question that the two of you need to decide. And I can't decide that because New York City's freaking weird. I mean, it's you guys it looks like science fiction movie up there right now.

We're not in the city. We're in Connecticut with the closest metropolitan area. OK?

OK, well, I mean, I don't know how bad your particular Hamlet is in Connecticut, but some of these areas, it looks like there's like paper rolling dust bowls rolling down the street, that kind of stuff. Other areas are, you know, our county is relatively normal.

Right. I'm looking at 100 people, 50 people sitting in our lobby right now. Not one of them's got a mask on. So that's a relatively normal situation.

OK, but but in your area, you may be have people huddling in the corner, you know, and they're all about the dollar or whatever.

And I don't know. You got to decide that, right.

You got to decide that. So and you can look at the the circumstances that you are in and decide, are we in the middle of the hurricane or has the hurricane gone by? And they're predicting that there might be another hurricane someday. Which there probably will be if you live on the Gulf Coast someday. Mm hmm. But that doesn't mean that when this one's gone, you don't go ahead and push play on this.

So that's how this feels to me. But I don't know. Are your job stable?

Well, they're stable. I mean, that's the one thing he always says he's got stable jobs. We don't have to worry about that. We would say today he's right. That's what they would say.

Yeah, I would I would do that. And I think you're going to be fine. Here's the other thing, OK? You got five hours left over and you're adding three thousand dollars a month because you don't have any student loan payments anymore.

Yes, sir. So next month you got eight, next month you got 11, the next month you got 14. So you're coming back.

You're back at Christmas. Right, but you have to redirect that payment money toward the emergency fund, how you treat your emergency fund buildup as if it was Gazal intensity, just like paying off the debt. So we're ready to push play again, which means we clean out all non retirement savings and we pay it on debt because the emergency has passed.

You know what? If your job is in jeopardy, the emergency hasn't passed. That's right. You've pause. You know what? They've I feel like a lot of people are going to fall into this category of this. This fear mode will turn off a freaking TV. And then there's that good God that will listen.

20/20 was, you know, do you see the new I'm getting one of these that Christmas ornament for this year? No, I haven't seen it. It's a dumpster on fire with the year 2020.

It's just to remember this year, the whole freakin years of dumpster fire, you know, so I'm I'm throwing one hellacious New Year's Eve party.

Oh. Saying I'm never going to be so glad to see a stupid Yorgo in my life. And I'm just hoping that people's brains will start to grow back.

Hey, we date. We are trying to help them grow back. Now, listen to me, people. We've got three and a half months before 2020 is gone. How we finish this year, how we're going to start twenty, twenty one. So we're going to start off strong. So if you're serious out there, I want you to start making different decisions. You can be around stupid and not catch it. Right? You can. You just can.

It's like a cold. You just got to watch it.

Can't be around fear, though. It's more contagious than covid.

Yes, it is. And really, truly. And be careful of the stuff you're telling yourself. Stay around some people that have some common sense, that have some goals and we can still start finish this year strong.

And yeah, we can't I won't want to ornaments though.

I'm, I'm, I think I might just give her one at Ramsay for Christmas do that. I think it's a great step in the year from hell for everybody is unbelievable.

But yeah it's normal.

Rashin you know we're all laughing and cutting up here but it is normal when you've been through something like this pandemic culturally to be gunshy.

But really what we're talking about here is what is your hope factor, not false hope based on logic and your spiritual faith and other things.

What is your hope factor for the future? Mine is very high. I have a great hope factor. And so I'm moving forward with business decisions here, with personal decisions at home. We're moving forward with generosity decisions as if we're all going to be OK. Yes, because we're all going to be OK. This is the Dave Ramsey Show. I watched the mortgage rates closely with help from my friends at Churchill Mortgage, and right now is the time to see if you can get a lower interest rate for now.

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Chris Hogan Ramsey, personality number one, best selling author, is my co-host today here on the air, open phones, a triple eight eight two five five two two five three. Line three is Bill in Philadelphia. Hi, Bill. Welcome to The Dave Ramsey Show.

Hi, Dave. Hi, Chris. Good talking to you guys. You too, sir. What's up? So I'm a little nervous right now because I just turned thirty six years old and I am one hundred and fifty thousand dollars in debt and I just got engaged. Congratulations. Thank you. What's the debt? What kind of debt?

It's all student loan debt. Are you a doctor or a lawyer. I'm actually an architect, which unfortunately is not a doctor or a lawyer in terms of a salary.

Well, I can you can create an excellent income, though. How long you been practicing?

So I have been licensed for two years, but I've been practicing for seven. Okay, good.

Well, you just at the beginning stages of your career, what's your what's your income? So right now, I'm I'm bringing in 70 gross, but it's like upper 40s or 50s net. Mm hmm.

You got a bunch of crap coming out your check if that's the case, you know. Twenty thousand hours taxes coming. I don't 70, but yeah, I'm not really so poor.

So you should be you should be moving up the ladder towards 100. Pretty quick though. Is that the trajectory you're on with your firm or you're going to be looking for it?

So one of the one of the big things, pretty much one of the main things I wanted to ask you about is starting a family. Well, while being in debt, if that's a concern, if I pay off the student loan first. And part of that is my fiancee got a job in across the country in Portland. In Portland. Yeah, so where are you? So you're leaving there, you're going to move to Portland? Yeah. And so what does she mean?

So currently she makes about 50.

So why does a fifty thousand dollar job decide where the 70000 job lives? I don't understand. Well, she's going to be making 110 when. And it's a big career move for her. I'm very proud of her. I know, but when does the one 10 happen?

January. OK, OK. All right.

Well, then you go to Portland to be an architect and you're going to have a two hundred thousand dollar household income. Awesome.

How much debt does she have? OK, so to answer you, let me answer your question, Bill, before we just keep popping at you here. We do not tell people to not get married because of debt and we do not tell people to not start families because of debt.

You have to be thoughtful and wise, meaning I wouldn't recommend having 16 children while you have 160000 in debt. But to have the first child are the second child or whatever, while you're while you're fighting your way through 160000 hours, the debt making 200000 thousand dollars a year is very doable. And we don't you know, we let God help you decide about babies and marriages. And you do those things when you're supposed to do them. No, I do not tell people to be out of debt before they're married.

And no, we do not tell people to wait to have children before they're out until they're out of debt. Yeah. OK, OK, OK, so here's here's what's happening. Getting married and moving and having babies is all coming at you really, really fast. And you suddenly woke up and went, oh, crap.

Yeah, you know, you hit the fast forward button, but on a lot of stuff, yeah, and it just it just because you had 162 thousand six months ago.

Yeah. But you ain't thought nothing about it.

I mean, I'm honestly feeling very stressed out because I can hear your voice. I actually sat down and looked at it, you know, I only borrowed one hundred and eleven notes, you know.

Let's play them out. Let's play a math game for a second, OK? The average household income in America is 59000.

All right, so if you live at or below average, that frees up a hundred thousand dollars a year when you're making two hundred and you take 60 out in some taxes. OK. And if you take 100 hundred a year and put it on 162, is that two years where you come from? I'm sorry. OK, let's try again. You're working and making 90 in Portland. She's making 110. That's 200000 dollar income. This is my projection for you.

OK, OK. You have one hundred sixty two thousand dollars in debt. The average household income in America is sixty.

60 from 200 leaves 140 you following me? OK, so you live on an average income, not a.

Jacked up to a hundred thousand dollar lifestyle in freakin Portland, Oregon.

OK, you just calm your little butt down and you live on beans and rice, rice and beans and you live on sixty thousand dollars a year. That leaves you one hundred and forty will set 40 aside for taxes and that leaves a hundred to throw at the debt per year. Does that sound right to you?

Yeah, that does sound right. And in two years later, in two years, you're no. You're going to be OK, brother. All right, unless you go over and sit on your hands and go by three cars and a house you can't afford, and that's the bill.

That's the thing I was going to tell you. There are some things you should not do going out there and trying to buy a home. Right. That is not the time. This is not the time. Thinking back and slipping and thinking, well, because we don't have a kid, we need an SUV. So I need to get a no. Yeah.

OK, so you want to have realistic conversations and set yourself up for success. Dave, I'll tell you another thing they talk about is, hey, we do have a kid, new wife. What's your plan? Yeah. Are you planning to work or are you planning to be at home? Mm hmm. Because if she's planning to be at home now, you've got a budget off of just your income. Yeah. We got to have these conversations before, you know.

Yeah. You got some work to do here. Yes. Got some work today.

But you're going to be OK, Bill. I hear that. And I hope. But you've got some real good friends around you that you can talk to or go talk to your pastor about your stress, but make sure you're talking to your wife about your feelings.

Yeah, you let that out. You can call here. I'll be your friend, Chris, yell at you. It's OK.

So that is typecast. Dave Ramsey, I'm the nice one. Would you have to tell people you're the nice one?

There's a problem.

It's a problem that neither one of us are nice.

No, both are nice. You got a friend, man. So here's what we're gonna do. We're going to give you a wedding gift. It's called Ramsey Plus. And it signed you up for a year with Financial Peace University, with every dollar extraordinaire app for budgeting. You and your fiancee will go through this together. You're going to learn how to handle money and you're going to set goals and pull off just exactly what I just projected for you.

And you're going to call me back in two years with a new baby and a debt free scream. And we're going to get to hear your story. And you're going to remind us of this call right here when you do that. And we'll actually play it back for you at that time, remind you how scared you sounded.

You're going to get through this, buddy. You're going to be all right, man. You're going to be OK.

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On the debt free stage, joining Chris Hogan and me this hour right here in Ramsey Solutions headquarters, Anthony and Erica are with us and they're on the debt free stage. That must mean you are debt free.

Congratulations. Yeah. Thank you.

So good to have you guys.

How much have you paid off? 300, 11000. And then two years. Eight months.

Why did it go? Wow. And your range of income during that time? We started at 150000, take home pay and ended at about 180000.

OK. Wow. Where do you guys live with them? In Los Angeles, California. Cool. What do you do for a living? We're both doctors of physical therapy. Oh, great.

Yeah. OK, both Petey's good. Good.

So I'm guessing the 311 might have been a little student loan debt or all of it. Oh my.

What a mess. Yeah. So you wake up and you see Mt. Everest at the foot of your bed in the morning. Oh yeah.

Hundred and eleven freaking thousand dollars.

How to take your breath away a little bit when you had to wake up the. Oh crap moment. Right. Yeah, definitely.

I'd never had that in my life. And then seeing that amount was a little scary.

A little. And so what happened that gave you that moment in that wake up call when you started this program two years and eight months ago?

Well, we graduated from physical therapy school in 2015. And then the first year we always knew we wanted to pay off loans like quick like with maybe within five, ten years. But that first year we actually started off with three hundred sixty one thousand dollars. But the first year we paid off 50000.

And we're like, yeah, we're doing pretty good. And then the 50000 didn't even go like towards a principal. It was all 32000 towards interest and then only 18000 towards principal. So we're like, oh my goodness, this compound interest game is going to kill us. We're going to be doing this until we're like 50 and then we're sad. And we were mad and we were like, sad, mad. And they were like, we got to get pumped.

So, yeah, basically when we got married, my uncle Ryan High uncle seven years eight months ago, he gave us this financial peace university it when we got married, we actually thought it looked really nice. Dave, you have a very aesthetically pleasing look.

So I put it on our show. Photoshop is amazing. It's so beautiful. So we put it on our shelf for the first four years and then what's that?

I don't open the box. And I had the plastic is beautiful, so. Yes. So we then opened it up after. We're like, we're going to be like this forever.

We should we should just do the thing. Yes. So OK, so is that like the homestudy version, the old homestudy cash.

Yeah. The DVD in it. Everything. Yeah. Yeah. You just did this at home.

Yeah. Yeah. Well kind of. So we, I grabbed the CDs out of it and started listening to them and then I got home and I was like, hey, we got to watch the DVDs. And once we started watching it we just got so fired up that we just tackled it.

That's really cool. What were some of the things you all sacrificed early? Really? Yeah. What were things you gave up when you got in attack mode after watching those DVD?

What's the things you cut up buying good underwear so all of them had holes in it. I wear a white lab coat because I work in the spine center with my friend Joyce and we wear lab coats. But I had a hole in my maroon pants for a long time, so I never took off my jacket. Yes, it's my shirt right here. It costs three dollars, but he looks very nice.

Yes, yes, yes, yes. Very stylish.

Yes. Well, way to go. OK, so clothing.

What else did you think we stopped eating out. Yeah. Yeah, just very rare occasions, just milestones and special events. But other than that we just bought from the store, set a very strict budget and cooked at home. Yeah.

Yes. We should get in a medical community. We're friends looking at you like you lost your mind.

Yeah, a little bit. We I think we were so pumped up and fired up about it that we turned a lot of our friends into cheerleaders.

But yeah. OK, so. Right. Yeah. Well that's very cool. Good.

OK, so you did it. A couple of docs here. Three hundred and eleven thousand dollars or the Mount Everest is gone in two years and eight months. Cash flow to every bit of it. Right. Every bit of it. You just lived on nothing. Nothing. Yeah. In attack mode. Yes. What do you tell people. The key to getting out of debt is.

Well it's not only just saving up and like not spending anything. You also have to raise your income. So for us, we were both only making one hundred and fifteen thousand take home pay. So I'm an Excel super nerd, so I love it. It's like my second husband, you know, minus Anthony right here. But basically we said we need to get our income up. So we had Anthony start working home health, physical therapy, part time, some cash pay, picked up some car jobs and then.

For me, I started Barton Burns, my Soul Candle company, so that could Etsy and art fairs, and then Athea started teaching at a university for physical therapy school, and then I started teaching with him for another physical therapy school. So by the end, we had three solid jobs each with along with our little mini things here and there. And that's how he got to one 80000 take home, pay.

So much time to rest a little. Yeah, a little bit to worry. Yes, you do.

You have been game on. I mean, that's Gazal intensity. Yeah. You get your income up and you're out, go down and you plow through it and that's exactly what you did. I'm proud of y'all. Yeah, that's fantastic. You all. Well, Don, who were your biggest cheerleaders outside the two of you?

So like I mentioned, we converted a lot of our friends and cheerleaders, but we actually let a few course.

Oh, so watching it at home, you went and led one. Yeah.

So so we've gained some cheerleaders through that. But there are three big shout outs we want to do. One is our friend Steve, who drove from Indiana to be here with us today. Wow. And then her uncle Ryan, which she mentioned, and our good friend Laurie, who she did the program a few years ahead of us. And when we started talking to her about it, she's like, oh, yeah, I did that. And then just became our cheerleader, guiding us through the whole thing.

And it was awesome. You got this. You got this. I got those. When you're tired and you know you're tired of noodles and you're tired of the third job, somebody say you've got this.

Exactly. Got that. You can do it. Yes, you can do it. You got this.

And we do that online with our online groups. Now with a virtual classes. You do that with financial speech class. When you're in, there are the people looking at you going, you got this, definitely got this. And that's what you've got to have. You've got two people in your corner.

That's so cool, y'all. Yeah. Yeah. Sort of hyper intentional with this.

How's it feel now that you're free? Oh, unbelievable. We paid off our last debt two weeks before the whole covid shutdown.

Oh. So it was even though we didn't get to go out and do a big celebration, the celebration was like this. Interpeace like just knowing like, yeah, we don't owe anyone anything during this time when things are just going crazy.

Yeah. Absolutely nuts. You actually get to keep your income. Yeah. You know, it gets to stay with you. Yeah. That was a good thing.

That was a weird feeling not having to ask her, OK, how much do we pay this month. OK, yeah. It was like oh it's on our savings.

I go like this, it's kind of surreal. Yeah. When you finally get there the well done. You guys were very, very proud of you. We got a copy of Chris's book for you everyday millionaires. Without a doubt, that is the next chapter in your story. You are on your way to doing that. So very, very well done. How old are you two?

I'm 31 and Erica's twenty nine for now.

I turn thirty tomorrow. Happy birthday 30 flirty and fighting works for me. I like it. Well done. Well done. Wow, you guys are incredible. Excellent. Excellent job.

All right, Anthony and Erica, Los Angeles, California.

Three hundred and eleven thousand dollars paid off in two years and eight months, making 105 to 180. Count it down. Let's hear a debt free scream.

Three, two, one, one. Debt free. I'm feeling believable. Yeah, wow, that is so fun. That is absolutely a picture of intensity really getting after it and I'm proud of them. I mean, all of that student loan debt has been deleted from their lives.

That's a lot. That is a lot. They had like three hundred sixty one thousand at the beginning of all this.

And but, you know, they're not victims. No, they're not saying, oh, well, I hope Elizabeth Warren gets elected and pays off her student loan debt. They said, we're going to forgive me, job six, job six of them, and devoted all that money toward the debt.

When you are a victor, you don't need forgiveness.

Your have gone through the tape. You're a victor that I like, but I love it. They are awesome. You guys are your rock stars. I'm so proud of you all. Very well done. This is the Dave Ramsey Show. Chris Hogan Ramsey, personality number one, best selling author, is my co-host today here on the air. This is the Dave Ramsey Show, Open Phones, a triple eight eight two five five two two five. So, Chris, one of the things they said was they got financial peace.

University is set on the shelf. They took financial university off the shelf and started listening to it and changed everything.

Then they end up coordinating a class, which is a lot of times what happens. That's right.

Because when you coordinate a class now we've got virtual coordinators for these days. And when you're coordinating a class, people can be literally all over the nation in the classroom coordinating. But it's so inspiring and it keeps you on track when you're coordinating a class.

So two of the biggest things that you guys are saying, you need help with our community and money you get both in Ramsey, plus you get Financial Peace University. The class we're talking about teaches you how to handle money the right way. You get the premium version of every dollar and you get the new baby steps tracking app so you can track your progress as you go. You get a ton of different courses and tools, access to financial coaches and guess what?

Lots of community, lots of ways to plug in, not only to the virtual financial peace university class that you're in, but also lots of groups that are part of Ramsey, plus that you can jump in and get advice and be encouraging yourself and so on. You do not have to figure out your money problems alone. Start your free trial of Ramsey. Plus today at Dave Ramsey, Dotcom Slash FPU, Dave Ramsey Dotcom Slash FPU and the teachers on Financial Peace University that you'll see our Chris Hogan meet Rachel Cruise and you'll be seeing Anthony O'Neal more and more and more.

Yeah, it's a great way to get plugged in, get information, learn. But the community aspect is so huge. You are not alone. And I don't care what your state is doing with social distancing, you've got a way to get connected. Talk to people that are on the same page or have been where you are. They understand.

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Use the promo code, Ramsey to get the best possible deal, Chris, or question? Yes. Today's question comes from Cassandra in North Dakota. She visits Dave Ramsey dot com to ask, I know title insurance protects you when you're buying a house. We have paid off our house and want to know if we still need this. I'm so confused if we need to purchase it, where do I get it? USAA doesn't offer it. So I don't know what company is trustworthy.

Where does title lock play into this? My husband and I worked so hard to pick off the house and don't want anything to jeopardize that.

You don't need title insurance. You but you either got it or you didn't when you bought the house. And I wouldn't worry about it at this stage. That ensures that the title that you were given from the person that sold it to you was clean. Hmm. And title lock is something you don't ever spend money on. And that's the concept that somehow some company is going to keep someone from placing a lean on your home. The way this works is simple.

OK, the property is titled to you and is recorded with a deed at your local courthouse.

If someone places a lien on your home, they have to file Aleen at the courthouse now, for instance, if you didn't pay your taxes, the IRS can place a lien on everything that is in your name by just simply filing a line at your local courthouse and it would end up as lean on your home if you got sued.

A judgment lean could be placed against your home.

That's normal. But someone borrowing money and with identity theft and putting a lean against your home, it could get filed, but it's fairly easy to get it removed.

You need title are you need identity theft insurance, which we recommend and we all own on ourselves.

I buy it for all of our team, all of our family through Zander Insurance Zanders identity theft program. But there's not a thing that locks your title.

You know, the only other thing you can do if you want to get super wild about it is you could just retitle your home to a trust.

And then they would have to put a lean on the trust, not on you, so if a lean got placed on you, but even then that trust owns the house and an identity thief could take out a mortgage against a house that they don't own and have it recorded at the courthouse. That happens sometimes. Mm hmm. But it doesn't happen that often. Yeah.

So the reality is, is what you want to do is get identity theft insurance with restoration services. And that's really important. Some of the places will just tell you at alert you if there's been a threat against your identity, you want something that's going to restore things back to the way it was. But this title like this is another product out there to just try to grab money. This is not something you need be intentional. And if you all are on this journey to building wealth, as they've mentioned, taking a look at a trust may be an option.

Reach out to an estate planning attorney and you can get connected with one of them. Through our smart Vesterbro, go to Dave Ramsey dot com click on Smart Vesterbro You'll get connected and start to talk through this but you need to relax, be intentional and just keep pushing forward.

You cannot lock a real estate title unless you lock the courthouse door. That's it. Somebody can follow. Yeah. Yeah.

And and these days it would be done electronically going physically into the courthouse. And so, you know, most most courthouses now are done or had all the recording and so forth is handled online. So and tidal surges and so forth all fall in that same category.

So you're going to be fine, you know, be fine. I'm glad you're concerned about it, but don't go get buying, you know, gimmick insurance or something. Get an identity theft insurance from Vandar and that's plenty. You'll be in good shape. Yeah.

Jenna is with us in Washington, D.C.. Hi, Jenna. How are you? Hi, how are you guys? The focus is not finished, young lady, how are you? I'm good. I am calling because my husband and I are a baby, step two, and lord willing, by the end of next year we will have all our debt paid off. So we're using every extra dollar that we can to pay. And I'm a resident doctor.

I get advice about using disability insurance. And so I was wondering what you guys thought about using disability insurance to kind of protect my future earnings in case something happened.

And if that overlie overlaps with the term life insurance, that no more insurance, long term disability only not short term, but long term disability very wise, I wouldn't get into some kind of super expensive policy and I wouldn't buy a policy that had a bunch of life insurance elements to it or something else, a simple long term disability insurance that only covers you if you're disabled for the long term.

Right, and Jenna, you mentioned something about life insurance. Now, remember the long term disability, that's the way to protect your income. The life insurance component of it is to bring in income if something were to happen to you. But that's a different policy to not bongsoo not buy a bundled policy, you're going to get screwed.

Yeah. You've been pitched a bundle policy, haven't you? I have been yeah, I thought so, yeah, that dock's man, you guys, there's more sharks in the water and you docks, anything I've ever seen, you've got a target on you.

Yeah. Bottom. Bottom. Yeah, the.

That's so. Yeah. Just simple long term disability insurance. It's you know, what is your house.

What is your income. My income, 60000 together, 110 pounds. Yeah, but your separate policies, because you're separate people for your life and for your disability so you can get 60000 dollars worth of disability insurance, you should build by through work very inexpensively. It really just doesn't cost anything.

And I mean, you can get up to 300000 without any kind of super high premiums. I only carry 300 on me. That's all I've got. But but, you know, that's OK. And so because it's just gets ridiculously expensive after that and I've got other assets to take care of me if something happens. That's exactly right. So but anyway, you can cover 60000. I think most of them cover either 75 up to about 90 percent. And if you don't have a good policy through work, check with Zander Insurance or one of our long term disability LPs.

They'll help you get a price on it and you know, you'll get it done. But yes, disability insurance, long term disability insurance is very good.

If you're 32 years old, you're more likely to become disabled than to die in the next year. That's right. And so you need to carry long term disability insurance.

It's it's vital, but some cases it's super expensive in a blue collar situation.

So if you don't buy it through work, it's ridiculous.

It can be. And but a white collar situation like that, it shouldn't be hard. Yeah, it shouldn't be a problem at all. And you can, again, reach out to one of the insurance helpers to get more help and guidance. That's why they're there.

That puts us out of the Dave Ramsey Show in the book.

Chris Hogan, thanks for hanging out. Thank you for having me, sir. James Childs is our producer. Kelly Daniel is our associate producer and phone screener. We're going to put that our in the books. This is The Dave Ramsey Show.

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