Live from the headquarters of Ramsey Solutions, broadcasting from the Dollars Car Rental Studios, it's the Dave Ramsey Show where debt is dumb. Cash is king in the paid off home mortgage has taken the place of the BMW. A status symbol of George Anthony O'Niel, number one best selling author, featured in Success magazine this month, is my co-host here on the air today.

And the phone number is triple eight eight two five five two two five. So do you feel more successful now that you're in success, make it more successful?

No, Dave, I felt more successful when you allowed me to join the show.

That was really brownnose. That was great. Yeah, just bottom up their success magazine does pay me money. Well, that's true. There is that. But see, that's a bought and paid for advertising out there, you know.

Oh my gosh, I don't.

But I, I think for me, waking up seeing this and just seeing, you know, my story mixed in with our mission and message, I am like, extremely happy because we're helping and we're serving people. Yeah.

Make sure that somebody in the personality's team helps you with this. You need to get that done up in a full on display box. Oh. For your home. And not only another one here in the office.

OK, first, several of those I got like that over the years. Years ago. Yeah, it does it it's it makes you feel good that you open up a magazine. There you are. And it's like, yeah, I'm really doing this stuff and it's working. And yet a number one bestseller, that's a big deal. It's in the same same list of things, you know, and, you know, some magazines or newspapers I've been in, I wished I hadn't been, but.

But lately, by the way. But yeah. But anyway. But the but the.

Yeah I you should, you should have that as a keepsake. You don't want to say I do every single thing you get in because you're going to be in a bunch of stuff over the years and you'll get, it'll get weird. But, but your first few like that. Like I was in People magazine. Yeah. My on the book tour with a very first book.

In fact I was younger than you. Wow. And that people magazines on the wall right here in the outer. And so that's a nice memory.

You know, that's 30 or 25 years ago or whatever when the first book financial piece at The New York Times, the same week I was in people, the first time I'd hit the Times and the first time I had been on the bestseller list.

And so, you know, you need to mark those things. So do the personalities get to join you in the wall back here? Yeah. Yeah, there's plenty of wall.

Yes. In fact, you can just take it all over. I'm done with it. Oh, good. Oh, I'm done with the ego wall.

So you got to have an ego wall for a while though. It's a good thing. It's a good thing to stop and say thank you God for the blessing. Yes sir. Thank you to the publicity team for it and put it together. Yes. You acknowledge all that, but you also acknowledge a milestone and saying, hey, that's nice. So you guys pick up Success magazine, five page spread on Anthony this month. And it's a great read and very, very proud of you.

Thank you, sir. And I definitely would say on the air in front of seventeen million people. Thank you. Success magazine. Yeah. Yeah, absolutely. Helping us and helping me and actually writing down what you said without screwing it up.

They didn't change one word, but you can't always count on. Yes, they sometimes people in that world just make up crap, you know, and then you have to go, well, they just made up that crap. They just lied about that. It's just like and sometimes it's good, sometimes not good. But either way. But this was straight up. They did a great job with it straight up. And Dave, when I sit down with them and did the interview and also not just to interview Dave, I forgot to tell you this, but I'm doing two interviews with them for video to go on their social media, to go on a website.

And when we first sit down interview with them, something is going to be like a half a page, maybe a page. But no, it's five pages.

Oh, it's it's goes on forever. It's called Kris Kristofferson, Greensboro, North Carolina. Crystal, what's up?

Hi, it's a pleasure to speak with you. Are you two how can we help? Well, I have a question. It's probably a common sense question, but I have a situation. My car is currently in my husband's name as well as my name, and I'm unable to renew my vehicle registration because he owns about eighteen hundred dollars in personal property taxes on his car. Oh, about sixty seven hundred on my car. But I can't keep on the way.

I, you know, with expired tags. So why do you have a car if your name is on it, why can you not get tags.

Because his name is still attached to it.

And whatever cars and his name, everything is put on hold the of the personal property taxes keep you from getting taxed.

Yeah exactly. But Allen is how old is the divorce. We've been divorced for about six years now, so I should have been gotten his name off the Garcia. Car worth. Probably about 35 injured. Oh, geez. Yeah, yeah, all things not worth fighting over. It's not. You have any money. Oh, yeah, I've got money saved, but I'm actually for House, so I'm. About eight grand. OK. Does he does he does he own anything?

If he only does he have a car that's worth two thousand dollars. I'm not sure of his cause pay off or not. Does he have anything he could give you that's worth 2000 dollars so you can go and pay the 1800? No, sir. Hmm. Well, here's what's running through my mind, I'm bouncing these numbers back and forth, OK?

Eighteen hundred versus 3500, that's not a play I want to make. So 1800 of his bills. I don't want to pay. No, I don't like that play. Right.

You owe 6700 is worth 2500.

Is his name on alone. Yes, his name is still on the line and you have eight thousand dollars. It's not a very good move, but off the top of my head, I can't think of another one, tell the bank to come get the car. The voluntary repo. Oh, my goodness. Yeah, that's going to mess up your house. Yeah, yeah, I need a car.

Yeah, but if you pay if you pay this car off at 6700 dollars and it's worth three thousand and you put another eighteen hundred in it, we're now approaching nine or ten thousand dollars. You have invested in this car that's worth three thousand five hundred. Because you can't get tags on it, and, boy, you can't get any money out of him, right? I don't know how to get you out of this.

You could spend money on an attorney. But suing Iraq, it's still Iraq after you sue it. And you hit a rock with a hammer, it never bleeds. In other words, you could sue his pants off and he won't have any pants, but he still won't have any money. Right. So when somebody doesn't make them have money, you follow me. Now, I guess you could garnish his wages. You know, and then get the stinking thing, but still you're going to 067 hundred dollars, if you take the 8000, you pay the car off.

It still doesn't get it out of his name. It takes 9000 dollars to get this card debt free and in your name and it's worth three. Yeah, and I can make an appointment at the DMV, so, you know, we'll get it signed over just to me. But that's all the way in December and I'm in pain.

Oh, I didn't know you could do that. That's what you do. Yeah. Yeah. Oh, that's supposed to you didn't I know this was an option that you said you couldn't do it? I was about to ask that question, but the music came on.

I'm not a fan of her doing a day. That's why I was I don't like it either. I'm just trying to get out of it. But I thought as long as that that guy might not understand it, she can't get a transfer. Right. But she can take him in there and be sober by the ear and get it out of his name. That's what you do.

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Anthony O'Neal Ramsey personality is my co-host today here on the air. It was supposed to interrupt me while I was making a mistake during that last call and didn't do it.

So the differences in some states, they're a personal tax or personal personal effects tax or whatever affects a lien on a vehicle in our state. It does not. So some states it does. Some it does not. And so then if it does affect the lean on the vehicle was keeping her from transferring the title, which you grew up there.

Right. So you actually knew this. And I'm sitting here going on with the crap I'm talking about.

So you should have jumped in.

But the she has the ability to get that removed by going down to the DMV, then that's a much better suggestion than my dangerous voluntary repo suggestion.

Oh, yeah. I was just I was just waiting for a bright day to come in there and just, you know, take care of you. But the music came on, so waiting for a pause.

Right. Right, right. But all she had to do, which is go down there. She knows she has proof Senate. She is divorced. She can go down there, make an appointment, and immediately they will go ahead and take that off of her car and still hold him liable for his issues and his stuff. But I wasn't a huge fan of her doing a repo because that's no fan of it either.

But somehow she's got to get rid of this guy. Yeah. Six years later. Yeah. So, you know, I tell you what does tell us. I don't know her situation exactly, but it is a reminder. The things that you don't button up. In your life, we'll come back and bite you in the butt. Yeah, when you don't have a will, it's going to mess up your family for a year or two trying to get through the mess that you leave behind when you don't when you say, OK, I've got a trust, but you never move the title of this stuff into the trust.

You never follow through on those details. Yes. You're pledged, according to a lawsuit, to do X or Y, and you don't go do those things. You leave yourself open to just get hammered later. You do. And so there's a possibility, I'm not sure in her situation, but there's a possibility this all should have occurred like the day of the divorce.

Absolutely. Or within 30 days of the divorce.

She should have gotten this done a long time ago.

She should have got it done actually within the first 36 days there of divorce. Being official, it probably I don't know her whole story, but sometimes people get sloppy. OK, finally, the divorce is over. But I'm not going to worry about getting the beneficiary of my OK. My husband is my beneficiary on my life insurance, but I'll get that change later.

No, no. Get it changed. Now you're going to leave the guy who's divorced Rich when you die right now. Go change that tomorrow.

I'm going to change the beneficiary on my 401k now. Right. You know, I'm going to do that quitclaim deed on that house, you know?

And so button the stuff up, man. I'm not saying I'm not yelling at her. I'm just saying sometimes we go like, oh, I'm just out of emotional energy for dealing with this twerp.

Yes. No, I don't care. Shut up. Yeah. Throw your shoulders back and finish. Yeah. Get it done. Whatever it is.

I mean, when you leave your old job and you're sick of that job, roll your 401k over. Yes, sir. Finish up, do the details, roll it over to an IRA. Always finish the details. There's something about. Wealthy people, and it's not because they worship money, but they somehow say, I have to finish the details and the details and they know all the details before they go into a dive and she was married. But let's talk about how these single people who are buying cars together and doing stuff together like they're married, look at the situation that you could be walking into in the future.

That's why I say to be nice, because what you just described is super stupid, stupid, stupid. But people are doing it. That's just super stupid.

They're doing I'm buying a car with my girlfriend. Yes. This is super stupid. Very, very. This is why to not have a girlfriend nor car. Yes. You end up with neither one and you got the bill too. Yeah. This is not this this super stupid. Yes, it is. Running around acting like you're married because what you are. Let me just tell you from a legal standpoint, you can ask your lawyer because I'm not one, but you just created a general partnership and there is no partnership document.

Yep. What happens when your partner becomes disabled? Cummo Disinterested has drug use.

Yep. Just generally takes off.

Yes. And disappears. And you can't find them. Yeah. They call them a partner in a relationship since.

But let me tell you, from a legal standpoint, you are in a general partnership with no partnership documents. Yes. You do not have a way to exit the partnership legally. Yes. And so because you entered this on stupidity, you're going to leave it on stupidity. Yes. And that situation would have been much harder to get out of if she was in if they were in that exact same situation as the last caller, because they don't have any paperwork so that there's no divorce.

Exactly. There's no end to this. So now now we have to go back to what you were recommending.

Oh, so now my girlfriend and my boyfriend didn't pay his personal tax.

Oh, see what I'm saying? Oh, that's what I'm saying.

Like, we just really got to make sure that the dangers of shacking up. Come on.

The dangers of acting like a marriage when you're not married. Why days of doing things together, how we want to buy a house together.

No, you don't need help. We want to buy a car together. No, we don't. No, we don't. We want to get married to get now we're talking to you see.

Yeah. Yeah, absolutely. You know, you make that decision. It changes everything. Yes. But you know, the number of times and it's some of the saddest stories I've had to do with one on one coaching over the thirty years. Yeah.

But it hasn't been that often, but it's happened enough that it just scares the crap out of me where you're going along and you know, they're engaged, but they move in together and buy a house together.

Yeah.

And she gets killed in a car wreck three weeks before the wedding.

Guess what? Yeah. He owns a house with her mama. Yeah. Because he's not her heir and there's no will.

Oh, are they put dump all their money in a bank account with both names on it and he put in one hundred thousand and she put in 5000 before they're married and she gets killed in a car wreck, gets cancer and dies.

Has he gets hit by the milk truck. Whatever the scenario is. Right. Yeah.

Or you know, guess what, you know her father now, her mama, whoever her areas are natural heir because there's no will is now got access to half of this guy's hundred grand.

And I'm trying to go, well yeah, this is what we call stupid tax. Yeah. When you do something stupid and it costs you money. Yeah. And I have paid so much stupid tax breaks my heart when I'm talking to somebody about stupid tax, but it is stupid that causes it. Yeah. And you just lost money because you did something stupid. Yeah. So buying houses, combining accounts, buying cars, you know all this, you know, run around acting like you're married when you're not.

It's so freaking legally, relationally, financially naive and stupid.

Last year Dave, I did a one on one with a young couple in their mid 20s. The young lady called me and she did a combined account with her boyfriend, combined account with her boyfriend. She woke up one morning. He's gone. All the money's out of their account. Because they had combined accounts today and she says she filed a police report, said a police officer said that because you all joined the account together, absolutely nothing. He didn't do anything criminal.

And I'm sitting there like and I want to be like, see, I told you, do not do that. It's about weapon. Right? But it wasn't criminal, right?

Oh, my. Right. Oh, so that's why I'm just saying I just I pray. I pray people hear us. Well, you know, I don't I don't want you get conned. And that guy was a straight up con there. Yes. I mean he's straight up gigolo and they just sleep in for money and there's cons out here and there's unbelievable. There it is. There are.

But even if even if they're not bad things happen in some of these situations.

And it's just like, you know, well, I looked up my old boyfriend on Facebook and so, you know, we're not going to really do this marriage thing after all. And so but he really wanted your car.

But you know what, though? Here's the truth, Daku. You said this and I believe this to be true. Good people make bad decisions when they are emotionally hurt.

Yeah, I do.

And so I believe let me tell you the dumbest thing I've ever done in my life when I was desperate. Yes. Or when I was embarrassed. Yes. Yes.

Are those kinds of things. And those are emotions. They aren't anything else. Yes. Right. Before I lose money, it's usually desperate or stupid or desperate, right before stupid. Embarrassed is right before I get mad. It's right before stupid. You know, these are the things that cause you to lose your butt on stuff because you're not thinking and you're not treating this like a transaction. Because, by the way, it's a transaction.

Oh, my gosh. Oh, there's a little fodder for your next Anthony O'Neal rant on YouTube. I could do that one day. I'll see you next week. There we go. Upcoming attraction. This is The Dave Ramsey Show. Your timeshare is a debt, not an asset. There is no equity in it, but there are annual fees. In fact, in response to covid-19, timeshare developers are actually sending out special assessment fees. That's ridiculous.

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Anthony O'Neal Ramsey, personality number one, best selling author, is my co-host today here on the air. Scott and Deidre are with us and Oklahoma City to do a debt free scream, hey, guys, how are you?

Hey now are you. Welcome. Welcome. How much have you guys paid off?

Well, this is going to sound high. This includes our mortgage, which we just paid off in September. It's four hundred and forty eight thousand dollars. Wow.

And how long did this take? Well, it took six months.

OK, and your range of income during that time? Well, and we are a bit older. I am 56 and just retired. Our income's. Sixteen months ago was a combined 250000, we're both retired now, so this is a little unusual. It's now 60000. OK, works for me.

I like it. Everything's paid off. Yeah, but during that six months, you had that big income to work with to hammer that 448. Yes.

And I we we do want to say we had a sizable savings and we are both. This is our second marriage. We've just got married at the start of that time period and we just aggressively attacked this.

So tell us your story. How did this come about? Well, Deidre and I both have listened to you. I've listened to you since the mid 90s, and I've always been a Dave Ramsey fan, but we didn't always put the practices into place. We got together. Both are very much on the same page. We talked about this. And it's just amazing when, you know, husband and wife can be on the same page, the power of the focus and what you can achieve when you're both have your heads together.

Yeah, yeah, yeah. Now, Scott had that before. We we both had spouses that we weren't on the same page with, so we couldn't just do it alone.

Wow. So Deidre and Scott, tell me this. This is Anthony. What was during the 16 months? What was one of the hardest things you two had to encounter or go through throughout this journey? And one thing that's been hard for me is having the money combined because I always had a good income and in my first marriage, my husband refused to have our money together. And so I have I still kind of struggle with this feeling of guilt that I'm not just spending my money and we talk about everything.

But even if I buy a little extra at the grocery store, I have this I kind of have this thought inside me that this is not just my money. And so that that was hard for me and I wanted to be together with the money. But after so long of not having that unity, I just always had this this feeling that I was doing something wrong because it wasn't just my money that I was spending.

That's very interesting. Very good. Yeah. Not that unusual about you, Scott. Well, I have always been very good with, you know, finances. I was raised, my parents there, Dave Ramsey, people themselves, and they haven't had that in 20 plus years, including a mortgage, but kind of a similar situation. My former spouse. We just weren't on the same page as far as finances. Yeah, we did have a combined Peter and I, we had a sizable savings when we first got married.

And I did always have the I had the mentality of normal people that everybody has a mortgage. And, you know, I was willing to save money but not put extra money toward the mortgage because I thought that was normal. Yeah, yeah. But we don't want to be normal anymore. Good, good.

You're officially weird now. Yes.

So the interesting thing is that when you were both married to spouses who wouldn't work with you on money in the back of your mind, you kind of had this thing.

Gosh, if I could just get on the same page, it be easy. And then when you actually were together with you two, it wasn't as easy as it was in your head, was it all right?

No. Right. And we we still had a lot of money to come up with. We just got we saw the light at the end of the tunnel and it wasn't a train. We just got super aggressive. One example is I have a pickup truck that was paid off. It's it was valued maybe twenty five thousand dollars. And I just literally we were in the middle of this really intense period of just paying things off. I just woke up and decided, what am I doing with this truck?

You know, I don't I'm a city boy. I don't hold things. And it's just sitting in the driveway. I always together. Right. And so we right now, we are a one car family. But, you know, we're both I'm retired, Deidre's semiretired. And so I sold the truck off and then that got our mortgage down to we just the intensity just got more and more. We saw the end and we just attacked it.

We both thought we were doing Doordarshan GrubHub. And like I said, I'm fifty six. I was delivering food to college kids and they're looking at me cross-eyed like, well what are you doing? But we just both tumbled ourselves. We just got paid off. This is October. Here is the first month we haven't had a mortgage payment and it feels awesome. I'm sure it does.

I'm sure it does. So it got real quick. You know, I speak to millennials every single day. That's that's my job. And twenty seconds and last, tell me, what is one thing you would tell the Millennial right now? Who's listening to the Dave Ramsey Show and listening to you two story?

Well, I think this yeah, the millennial generation, they just have the mentality that is normal. Student loans are normal. And, you know, you don't have to rack up thousands of dollars in student loans. You can, you know, work hard early and you won't have to later.

Well, I agree. Well, you guys are in really great shape. I'm proud of you. How's it feel? Your debt free, you're officially weird house and everything. It feels awesome. The way to go, you guys.

We got a copy of Chris Hawkins book for you every day. Millionaires, without a doubt.

You are there. You're going to be there before. You know what? If you're not already with your investments, you're retired early. Congratulations, you guys. House and everything. Scott in Oklahoma City, 448 thousand dollars paid off in sixteen months, making 250. And they retired now making sixty. Count it down.

Let's hear a debt free scream three to one. Well done, well done, well done, well done. You know what, Dave, as a young man listening to them, I heard something that you caught out earlier that just really even convicted me personally.

It was like they chose the wrong spouse in the beginning. They weren't on the same page. They were not equally yoked. And then now that they had the right spouse, it was even hard, like you said, to get on to love being on the same page. But it's the best thing for them now.

Yeah, but it always seemed, you know, there's always like, if I could just get that, everything will be OK. Yeah. And then when you get over there, you go start. It's so hard, you know, because there's never there's never a fantasy situation. It's never going to be this thing where everybody just sits down, plays patty cake and singing Kumbaya. And it's all perfect. Right. You know, it doesn't work that way.

But what it does do is it gives you a framework to do the hard work of communicating about your values.

It isn't like Dave and Sharon Ramsey don't have an argument or a discussion about buying something or about a donation to a charity or something.

We go given that there doesn't give in to those things, are you know, you want to buy that? Are you kidding me? This is still and it's not like we don't have the money. Right? That's not the point. The point is we still have the discussion and it still brings out the differences in the way we look at life and it forces us to deal with those. Yeah. So there's not a better framework than the discussion of money and purchases and generosity and budgeting to create your to force your values onto the same page to create unity in your marriage.

It's pretty incredible. But it's there's there's nothing that's easy about it. Yes. But usually there's no shortcut to any pleasures worth going. This is that I Ramsha. Anthony O'Neal Ramsey personality joins us today as my co-host, we all know that personal finance is 80 percent behavior, 20 percent head knowledge. The truth is, if you don't understand your behavior, the 80 percent, you'll find yourself falling back into the same mistakes or you're trying to white knuckle your way through the baby steps because you didn't really change what's inside of you.

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And so you go all we get the root out, then the whole thing changes in the yard. Beautiful, right? Same thing. Is it true in the garden of your life?

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The third number one bestseller, I predict by Rachel Cruci Landen is with us in Charlottesville, Virginia. Hi, Landon. How are you?

Very well. Thanks for taking my call, David. Thanks a lot. You guys do. Sure. Thank you. How can we help? Yeah, my question is related to maybe a refinance type situation, a life. And I fortunately we pay off our primary residence this year. Right. FLOCCO That was a lot of peace for our house, but we still have a rental property that has about 40 percent debt tied to roughly 140000. I was around three hundred.

And so I've looked at maybe refinancing that to a fifteen year note to reduce the rate. But since I would have to get a commercial product that doesn't really necessarily make a whole lot of sense. But I thought wonder what your thoughts would be of maybe doing a cash out refinance on my primary residence to get like a really good rate, roughly two, two and a half percent on a 15 year note and pay off the rental, which would then obviously significantly increase the cash flow and obviously allows me to pay a house off, although the quicker I'm reluctant because I don't want to put the primary residence back under a mortgage.

Ding, ding. That's the last.

Yeah, yeah. That remember that part where you said I had peace during covid? Yeah. No more peace. No, no. But I remember that part that was early in the conversation, but it still rings in my ears. It was a wonderful phrase and I don't I would never steal that from you. You finally got there. I sell the rental before I did that and I don't want to sell the rental. What's your household income? One hundred and fifty, give or take, but this is very slow, how fast you're going to pay off 140?

Yeah. We got the money and if we put our nose to it three to five years. You got some money. What's that mean? We got a little bit of money. We've got like 40, 50, 50 and have an account, but that's not the emergency fund.

Yeah, correct. OK, so now we only got a pair of 90. Yeah, I like this. I like this. Yeah.

And what's the interest rate? Yeah. Right now, is that four percent. Oh, what did you just pay it off, dude, don't refinance, don't reified. Just going to and just pay it off. You got 90 K at one hundred and fifty. You can have it actually paid off in about two to two and a half years. Three and a half, three to five years is too long for me for four grand a month.

And you're done in under two years. Yes.

Yeah. Yeah. Yeah. All right. Well that's that after that.

And then the refinance cost makes the savings on the interest irrelevant because you're doing it so fast.

Yes. Yeah, yeah, that's true, Landin, that's true. Don't hang up the phone and refill your home. Do don't do that. He's not going to land. And let's walk back through what we just did for you and so you can do it again for you and other people. Can to you were using two parts of yourself to make the decision and they were in conflict, your heart and your head, your hearts where you measure risk.

And that's where you said I was glad during covid I had peace because I didn't have a mortgage. My head got over here to start doing math and I'm trying to crunch these numbers and save on the interest rate.

Yeah, OK. And they got in conflict with each other. Now, when that happens with me and both are valid ways of making a decision, but when they're in conflict with each other, something's wrong because they both have your best interests at heart. Do no kidding. I mean, heart and head. But I mean, they both have your best interests, your heart and your head, too. So one of the things I've learned to do is I learned to take the math and turn it into dollars, which is what I just did.

I didn't do it physically on this call.

But what we said was the amount of actual dollars that you're going to end up saving, given that we reduced this down to 90 and you're going to do it in two years or so, the amount of actual dollars saved by getting a two or three percent versus a five is very small.

And so it becomes not worth it when you shift your strategy around and you say, how can I have a math strategy and a heart strategy ahead and a strategy that are running parallel, and that's when it suddenly goes. It's a no brainer. We know what to do here. The heart and the head are lined up. We were measure risk in the heart. We do math in the head. Yeah. And so you get you got both of these things lined up and you're heading the right way.

And what happens is we either go heart.

Yes. Or we go ahead. We go all about the emotions and the risk and we can feel it all over here on one hand.

And people make decisions only over there and they don't do any math. Right. Well, that'll get you killed, right? Sure will. Or they just do everything with the math and they don't take into consideration. I just put my house back at risk, which he knew he wasn't going to do and he knew we wouldn't.

We're going to tell him to.

No, I would not tell them to ask. They scream at him. But this is your shot. Well, Landi, here's the key thing. No, you said it. We have to put our heads down and we have to go after it.

OK, this, this plan at me and Davis gave you will only make sense if you honestly just take these next two years and aggressively go after him.

He 150 48 hearing any other bills. Yeah. You know, and that's a good rental. Keep that rental. I mean, because here what's the end of the story? The other story he's got to pay for how to pay for rentals. Ding, ding. This guy has had no millionaire status real fast.

Real fast like that. Well done. Well done. Well done. Got home run. Hannas in Fargo, North Dakota. Hi, Hannah. How are you? Hey, Dave, I'm doing pretty good, how are you doing today? Better than I deserve. What's up? I am calling because I'm curious if I should pay off on my debt first or if I should continue to make payments on my debt and take out a student loan to go back to school, or I should save up before I go back to school.

What are you going back to school? Full time, debt free. I'd like to go back to school for medical coding. OK, what do you have right now?

You have a bachelor's. No, I do not have any degree whatsoever. Where'd you get this idea? Yeah. I like data entry and I want to go back to school at some point during the period before and three or four.

I mean, the medical coding and billing thing, where did you get that idea? It's one of the degrees offered at the local technical college, and I would previously have a job where I was in that entry and I really did enjoy it. I enjoy the boss I had.

OK, gotcha.

OK, how much debt are you in right now? Hannah. Right now, my debt balance is thirteen thousand eight hundred seventy dollars and seventy six cents. OK, how much money are you making right now?

A year. Years later, in 1846, a month later in 1850, twenty two thousand eight hundred twenty two thousand dollars a year.

All right. So we need we do need to get your income up. That's clear as day. How much is this program going to cost you? Because we're not going to tell you to take out student loans. I don't want to do that. But at a technical school, you should be able to cash flow this how much it's going to cost you a year per semester to go to this program real quick.

It'll cost me like seventy or eighty seven thousand a year. 7000 a year. All right, so an extra job does that for you. I would have to jobs. You need some new ones. You have a job suck. Yeah. How old are you?

I'm 21. OK, so we've got to make enough money to eat and pay seven thousand dollars a year and not pay anything on the 13 eight except the minimums. And if you're back in school, they probably will stop your minimum and then pay cash as you go. That's what you were saying, right, Anthony? Yes, sir. All right. That puts us out of the Dave Ramsey Show in the books.

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