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[00:00:24]

At the headquarters of Ramsey Solutions broadcast the coverage of studio. This is the Dave Ramsey Show, where America hangs out to have a conversation about your life and your money. My name is Anthony O'Neal. Joining me on this hour and cohosting with me today is the future number one national best selling author and future number one YouTube show in America. You know, I must really love you, man, to say that you have I'm not going to pass you up.

[00:00:53]

No chance. What's it feel like to be a number one best selling author? Tom, you get that call. What's it feel like? Feels great.

[00:00:59]

You've been there. It feels great, man. I mean, it really does. I mean, really, you call your mom? No, I didn't have to because she was with me, OK?

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Yeah, but it's not about me.

[00:01:08]

Let's talk about your show. That's coming up on Monday before we get there. You guys got to dig myself. We'll be taking your phone calls today. Triple 8255, 225 YouTube. Good to see you all again. I'm looking at you all here on my laptop, but give us a call if you have any questions in regards to your life, your money, anything. You know, this is a new new way of show we're doing and I'm loving it.

[00:01:31]

So but speaking of new shows, speaking of a new format, DOT, do you have a new show coming out on Monday? It's right called the Jon Delany's show. That's right. You have Kelly Daniels and James, who also produce an associate, produced The Dave Ramsey Show helping you out.

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They are running the board. There's only one Daniel, though. It's Kelly, Daniel and James child. James House. I'm sorry, Jane. Couple child's one. Daniel That's right. I'm sorry. I'm so sorry.

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James and Kelly are not married. They're happily married to two different people. That's right.

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I'm sorry. They are. Yeah. They running the show. We excited to launch the Dr. John Delonas show and subscribe to it go out on the all the podcast feeds.

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But we are taking live calls and it's we've got some shows already in the can. And many people are hurt all over the country. They're asking great questions. They're asking hard questions and just looking for what to do next. So it's cool.

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What can people expect?

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They can expect some real, honest, hard conversations about relationships and marriages and parenting and mental health issues.

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And they can expect me to be honest, tell the truth. We laugh a lot. There's tears on the show. It's good, man. It's good.

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I'm excited about it, man. I hear that the grapevine you have an anxiety relief check list on your Web site. John Delaney Dotcom.

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Is that true? That is true. That's true, my man. Anxious times while you're still in a house trying to raise a new dog. You got all kinds of things going on.

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I do some go download that. Now, listen, America, join me, go to John Doe, Lonely Dotcom and download this free resource called Anxiety Relief Check List and also check them out on social social media. And he's like myself, he responds to, if not all comments, a majority of them at Janjalani or Facebook, YouTube and Instagram. But most importantly, if you are feeling stressed about something, if you're feeling burdened by something, if you have some questions and some concerns and you want someone to walk through this process with you, I want you to email.

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Ask John at Ramsey Solutions Dotcom, ask John at Ramsey Solutions Dotcom or leave a voicemail at eight four four six nine three three two nine one against eight four four six nine three three two, not one for a chance to have your questions featured on the one and only John Deloney.

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So I appreciate that, man. Yeah. See me an email. Leave your number. We'll get in touch with you, Kelly. Daniel, we'll call you and we will get you on the show. I'm looking forward to getting out there and helping people be.

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Well, I'm looking forward to it, too. I mean, I hope to see you rise to the top and just help out. A lot of people are so excited to have you on the team, bro.

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But, you know, let's go help someone right now not to do this. Go out to Boston and have a conversation with Sarah. Sarah, good afternoon. How can dot today?

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And I hope. Hi, man. I think I need that anxiety checklist right now. I'm a little nervous to be on the phone.

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We're nervous, too. So it's cool. We're all in this together. Cool. So I've been listening since December and for me and my husband, this has been life changing to go through the baby steps and make a lot of big changes in our in our life together. And I'm an ICU nurse and I've been thinking about going back to school to become a nurse anesthetist. And the cost of education is about one hundred thousand dollars. I have gone back to school twice already.

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I have a master's degree. I'm finishing a Ph.D. So I'm trying to rationalize and wrap my head around going back to school again. I know it's a very personal decision. If I want to do it, though, I'm just trying to figure out the money side of things and making such a huge financial commitment. So my question is kind of like, where do I go from here and how do I wrap my head around making it? Huge decision like this, knowing what I know from listening to the show and reading the book and avoiding loans.

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What's your household income right now, Sarah? So the household income, about 170, 170 in Boston, Massachusetts.

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So that's that's doing pretty good. I mean, yeah, it's expensive.

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24 hours. We have a five month emergency fund. Twenty thousand dollars. OK, five months in there.

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So we're babysitter number three. We have zero debt. Right. No consumer debt, correct?

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Right. Correct. Cool. If you went back to school, what is the financial reward where you go from 170 to 250 to 270, where you go from 170 to 170?

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I would over I would double my current income. So I make about 65 or 70 right now. And I would make over well over like 150 or so. OK, all right.

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So so the financial reward is there. Are you all in a place where you can cash flow? This experience?

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That's the trouble is like the first year the program is about is about eighty thousand dollars. And I did call the school to ask about like payment plans and kind of what options. They said that almost nobody does the payment plan, but you can pay twenty five percent down and then break it into five payments of five or six thousand dollars each month. So it might be possible, but it might not because I can't work during the first year of the program.

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So I lose my income and I have an eighty thousand dollar tuition. Yeah.

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So here's the thing. It's not that you need the income right now. This is something that you want to do. And so my suggestion is be different.

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Do not borrow any money to go back to school. Do not rack up any debt. If this is something that you really want to do, I want you to really do it, but you have to do it without borrowing a dime.

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OK, so we have some we have some money and investments, and I'm afraid to use that. Yeah. Don't you. No, no. You're not pulling for one k you're not pulling from a Roth IRA, not pulling for your future. Take care of your present because your future self is going to be upset with you. All right. You got to figure out how the cash flow works now.

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Hey, Sarah, let me ask you this. You've got a nursing degree, a master's degree.

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You're finishing up a Ph.D. So this is me being real specific with you. OK, what are you trying to prove? Who are you trying to prove? What to you impressing? But honestly, and this is from a guy this is from a guy with a master's degree and two PhDs.

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And so I'm asking this very specific question, who are you running from?

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I think that I think that was what I was trying to impress people with. And what I realized is that's not what you get a Ph.D. for. Right. I thought I wanted to I thought I wanted to teach. I thought I wanted to be a faculty person. And it's been I've tried that out. It's financially I make less money as a faculty person than as a as a hospital nurse. And I want to have a fun, exciting job and be able to work three, 12 hour shifts a week and make more money than I make now and be rewarded by it.

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Yeah. So the deal is Anthony said it, you can't borrow money and you've got to find out. Ask yourself, what are you doing this for this the Dave Ramsey Show.

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Hey, business owners and anyone who has to talk with customers often listen up. You are the backbone of this freaking economy. And just by staying open to serve your community, you're providing hope to your customers. That's why my friends at podium want to do something special for you. They're offering you the opportunity to text your customer base for free. So sign up at Podium Dotcom now and join our crusade to communicate, connect and spread hope. That's podium dot com.

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Triple eight eight two five five two two five jubilate eight to five five two two five. Dr. D and myself are in the building today having a conversation with you about your life and your money. So we going to keep the conversation going and go out to one of my favorite cities, the beautiful city of Atlanta, Georgia, and have a conversation with Renee Renee.

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Good afternoon. How can Dr. D and I help?

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Hey there, guys. Hey, how can we have a quick question? Yeah, I got a lump sum of money, and I my question is, should I pay off my account, my balance in my house? About ninety eight thousand dollars. Mm hmm. So I'm getting different different responses. Some people say don't pay it off because of the tax advantage, but others realize the interest.

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You know what? Little town. Yeah, well, what's what's the LOPSA, Ray? How much are you getting? Well, my mother had so I got well, insurance policy is like 210, 210000.

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Yeah, sorry to hear about your mom, Renee. Yeah.

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So sorry. How's the family doing with her passing? Everyone is welcome. All right. Well, well, we're going to be praying for you. Thank you. Man, I can't think about that if it was my mother. So we're praying for you, but let's help you out with this process. So you have 200 in 10000 hours. You have 98000 dollars a year mortgage. Is that the only debt that you have? It is OK. I don't have a car payment, credit cards, student loans are gone.

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That's it. I love it.

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I love it. What's your income? Yes. What's your what's your income?

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My income is about seventy five thousand seventy five thousand.

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Are you already investing enough right now. Like a four one K into a Roth IRA. I do have some investments. Good, good, good. So here's here's my answer. I think you already know what I'm going to say, right? Pretty sure you well, I watched this show. Yes, sir, I'm trying. Yes, yes, yes, yes, yes.

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Your baby's head, number six, we want you to pay off the mortgage, OK? Said, oh, you're going to save more money paying it off and just paying the taxes on the house, depending on where you are, then actually keeping that debt and you're paying interest and principal and in taxes and stuff. So I want you to go ahead and pay it off this way now. You know, Renee, you have no you have no bills.

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I mean, you have your your regular life bills, but at the same time, you are 100 percent debt free. Then what I would do is I'll take the other hundred thousand dollars on and go talk to a smart Vesterbro, see how you can invest some of that. But here's something I would do with the rest of the money is buy you something nice or maybe go somewhere nice and just get away and just relax a little bit. I want you to be a good steward of it.

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I want you to go out and pay off your house. Because what I want I want your mom smolla down. I want her I want to at looking down, say, my daughter. She was wise with the money that I left her. And I think that will just honor your mother in the transition process. But outside of the money, are you OK?

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Am good, I am. That's good, that's good.

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Yes, I love what you've just said about allowing your mother's legacy to free you from the last thing that you're beholden to, which is that mortgage and those knucklehead friends of yours that, hey, hang on to a hundred thousand dollars of debt so you can get a little bit of a tax break.

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Yeah, that makes no sense. It's like, hey, I don't even have an analogy for that. Pay off your house. Anthony's right. You know, free.

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You're free. You're listening. I hope they are to me to give him my number to call me knuckleheads.

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Yes. Good grief, Renee. Have you read Chris Hogan's book, Henno Parmeno?

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Have you read Chris Hogan's book Everyday Millionaire? Renee. I have not I want I want you to stay on the line, Kelly is going to pick up, she's going to give you a copy of that book. And the reason why I want to give you a copy of this book.

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Oh, God bless you, too. But here's the reason why I want to give you a copy of the book, because Chris Hogan talks about in this book that one of the most common reasons why people are everyday millionaire, John, is because they have a paid off mortgage. And so, Renee, you're on your way to becoming an everyday millionaire because you're completely dead for staying alive. Kelly, we'll get you that. And I promise you, you will enjoy it.

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But we are praying for you. We're praying for your family. And I promise you this much, this, too, shall pass and you will be honoring your mother in a great way. So thanks for giving us a call. Keep the conversation going. We'll go out to Richmond, Virginia, and have a conversation with Justin. Justin, good afternoon. How can Dr. Dean and myself help? Paid off today. Hey, Anthony, how are you doing, man?

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We're doing great, man. Thanks for calling in. How can we help? Yeah, so my wife and I are newly married and we're looking to buy our first house, saving up for a down payment, we're in step three B. We're pretty financially healthy thanks to baby steps. And my my parents have offered to contribute some to our first down payment on our house. And they said they were going to do the same for the rest of my siblings.

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And I feel comfortable and confident taking their money. But I was wondering what we should do. Do we bring it up with my wife's parents? Okay, my in-laws. I don't want to in our in-laws against each other, but I don't want them to find out about it in the future and feel like maybe my parents contributed more and have them feel guilty or anything. I feel like it's just a weird situation, a little bit on them. I don't really know how to discuss it with in-laws or if I should at all.

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Yeah, I don't think that's anybody's business. If somebody wants to give you a gift, that's a private thing and there's no reason to announce it, to discuss it. If you feel comfortable that you can take money from your parents and it's one of those no strings attached, they've been good stewards with their money and they just want to bless you, then that's great. And then that's where that conversation needs to go. There is no reason to bring your here anybody else in that conversation at all.

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Why do you feel? Why do you feel you need to gesture? Like, what was the thing that's causing you to be like, OK, maybe we should.

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Yeah, well, my in-laws are also very generous and very good stewards with their money, and they really love supporting my wife and I, which is great with their relationship on both sides of each other's parents. So I don't I don't want to be in a situation I don't know. I feel like. You know, I don't I don't really know, it's just a situation that I hadn't really heard of before or thought I would be it. Yeah, and you're bringing it up to your other in-laws just makes an unnecessary competition out of a gift, and there's just no reason for it.

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And here's the thing. If you're if your in-laws sit you down and say, hey, we want to give you a big chunk of money for your house, you smile and you say thank you, what a gift and what a blessing.

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And you don't need to say, man, this is this doubles up our gift. We did really good. You just say thank you. Right. It's like somebody bought you a pan for your wedding and then somebody pulls you aside and says, hey, we we scratched the money together and we know you love this and we got you a pan for your Christmas, right? I mean, for your wedding, you get two of the same gift. You don't say, hey, idiot, already got that.

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You say thank you. What a blessing. And then you take two pants, man. And so if you're in an opportunity to get blessed twice, that's great.

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But you don't need to be already in a young marriage pitting in-laws against each other, you know, to be talking about your gifts that you get from other people with other people. Just let that be between you and them and then move on and take the bus. And congratulations. That's awesome.

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Here's the thing, Justin.

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If I gave you money as my brother, I wouldn't want you to go tell our sister. I wouldn't want you to go tell one of our close friends, because sometimes when I give, I just want to be a blessing. I want to be obedient and just be and be a blessing. I don't want the whole world to know. And then I do not want everyone to be thinking, oh, well, why did Anthony do that? So with your parents, let your parents be a blessing in silence so that way they can receive blessings also as well from a spiritual perspective.

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But because giving helps the giver, right? Yeah, it does. You know, I love giving and I'm not giving because I want to be seen or sought after or like, oh, I did that. No, I just want to be a blessing because I believe it is better to give than it is to receive.

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So allow your parents to be a blessing. And then from there, that's OK. You just be solid, you're newly married, be grateful, enjoy, have a good time. And then when your in-laws want to bless you, let them bless you. But right now, now you have a good heart. Focus on your marriage. Accept a gift. Keep him mind. This is a day Ramsha. People all over the country are discovering a faith based and budget friendly way of meeting health care costs through Christian healthcare ministries, Christian health care ministries, or CHF, is a nonprofit organization that helps members carry one another's burdens with health care expenses.

[00:19:31]

And they have successfully shared each other's medical bills for nearly 40 years. CFC h m is right for you by visiting S.H. Ministries. Dog C h. M is a proud sponsor of Dave Ramsey live events.

[00:19:57]

Triple eight eight two five five five to five to eight to five five, five to five. This is Dave Ramsey showing having a good conversation. And I really enjoy being on the air with everyone, you know, Dave, John, Christy, Rachel Hogan, can I just love and I just want to say this sort of world. I appreciate, Dave, for allowing us to come in here and to speak to nearly 17 million people, to encourage you all to inspire you all to answer your questions, because this is what we do as personalities every single day for a living.

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You know, we're we're not out of cubicles. We're out here studying her writing. We're out here answering your questions. And so we would love to hear from you. You know, we we love talking to people. I love helping people because I know what it feels like to be helped. And so give us a call. Eight 825, five 225. This helps more people not to be. Let's go out to San Diego, California, my home city and the Vincent Vincent.

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Good afternoon. How can we help?

[00:21:10]

Good afternoon. Good to hear from you guys. Hey, man, good to hear from you. I have a situation where I'm kind of a long term goal of buying a second home. So I'm 45 years old, single, no children. I'm a contract worker. So that's the big concern is that, you know, salary coming in is not predictable. Work part time student right now and my monthly pays about 10K. The only thing I have is my mortgage on a one bedroom condo that's got the balance is about 147 K, OK.

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And the value of the condo is about four four kids back in 06.

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Kid, if Vincent were to go man I think I maintain about sixty K in and manually maintained step CD portfolio. So just so that I can have a predictable five K and one matures. So that covers my monthly budget for a full year out. And then, yeah, my goal is, again, to I'm renting out my condo, so that's a second income. I have a little studio there, rent for myself, and the goal is to get that paid off the condo and, you know, get that second place, which would become my primary home.

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OK. All right.

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All right. So now, normally, you know, we don't really say purchase home until you've paid off your home and you have a million dollars in net worth as far as with that. But you're already inside of the process. And so for you right now, you have about six weeks in your portfolio. What do you have in your savings account right now, though?

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Savings is about 50 K, OK? About 50 K. And you're doing about 120 K a year and that's gross, correct?

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And that's real unpredictable. So that kind of goes up and down to some years. At 60 some years, it's 150. So, yeah, OK.

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Why is there so much fluctuation there? Yeah. What do you do?

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So I'm, I'm a consultant so I work for schools, get some great advice. But, you know, usually it's a six month contract, eight month contract and then take some time off. I'm in school right now, so I'm using my time off right now. And that's the kind of lifestyle I found to be really healthy one. So it is kind of a part of the goal is to maintain that lifestyle so I don't get burnt out too early.

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Let me ask you this question. You're young, 45 years old. You have about 300 and some thousand dollars in equity. Why not? I'm just asking you this question. Why not sell that house, go purchase your home, and then really start building your wealth and then go back and pay cash for something down the road? Like, why not go ahead and get yourself established yourself into a home pocket this money and build and then go back and buy something.

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For me was always that that that, you know, the condo rental was always kind of assured second income, and it allowed me to be able to be creative in how I structure my year, you know, so that if I have that eight month contract in the four months, that four months off allowed me to go back to school or to travel or while I was still young, I kind of feel like, well, I still have the years to enjoy it.

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I don't want to wait until 20 years from now to be able to then do the things that I want to do.

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I agree. I mean, I totally agree with you, Vincent, which is why if I was in your shoes, I'm selling a home, I'm going to get the equity out of the home. I'm going to put about maybe another 50000 dollars into a savings account. So that way I can have a good cushion because your income is fluctuating. And then after that, I'm go buy my house.

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After that, because you're young, you can build your income back up and then go pay cash for something. Or if you don't like that option, I would just go ahead and pay off that that condo. So that way you have no other debt out there and you can just sit there and just worry about your living expenses. So you have two options. If I was you, I'm going to go the option that we teach, I'm going to say, you know what I mean?

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Sell this house, pocket the cash, go buy me something and do it that way. So that way I'm buying my investment properties, cash. And then now it really starts generating me income, not legitimate. Not only would it generate me income, but it also generates passive income for my kids kids down the road because I'm pretty sure you're going to get married one day and have some children, am I correct?

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Possibly. OK, you're talking about security. Do you do you see what Anthony's saying here about your being trying to assure yourself security?

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With with an insecure means, does that make sense, right? So you're saying that the the sale of the home provides that security.

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If you've got a home and you've got and you pay it off and you've got no house payment, that is just a more secure way of what you're trying to get at, which is a guaranteed rental income. And if 20-20 has shown us anything, it's that nothing is guaranteed at all, ever.

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And so you've got debt on an on a Ifill's guaranteed, but it's not. So you've got a a unsecure plan on top of an unsecure plan versus just pay it off it off.

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And you're playing a lot of games and you're playing a lot of games without margin. OK. The reason why Dave Ramsey can go out there and play the what ifs games because he's a multimillionaire so he can go buy a house and take the chance on renters. Well, you and I you know, Vincent, you know, we can't take that chance. What happens if the renters decide to leave tomorrow? Now you've got to pay your rent and that mortgage payment and live.

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So my thing is take the what ifs off of you right now. Have the cushion built a solid foundation. Once you've built the margin, once you build your net worth and your income back up to a solid, guaranteed situation, then go back and get the real estate. Because I want you to get some real estate. I want some real estate. I want more land. I want to create a lot more streams of income. I'm right there with you, but I want to do it to the point of I'm not worrying about it.

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So I would say do that option, Vincent. I mean, that is a that's the best option I would do if housing issues. You're young, you sound sharp. You know what you're doing in life. I love the fact that you're thinking about your future. I love the fact that you're really trying to generate some more income. But I think right there, you sit in on 300000 housing equity and I would sell that house and then go ahead and build my my situation.

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I'd sell that house tomorrow. Tomorrow I would sell it tomorrow. Oh, yeah, yeah.

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And let me let me pitch this, Anthony. You're talking about goals and stability. Here's the deal.

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20/20 has thrown everybody curveballs this year and it's shown everybody here's what matters and here's what doesn't.

[00:27:56]

And our good friend Kristy Wrightman, she is teaching folks to change losses into learnings and get back in the game now. And if you want to reach next year's goals, take the time right now to create the right goals. Right. So our friend Kristy, she she's a number one best selling author. She's brilliant. She's a rockstar mom, a rockstar wife, a great colleague.

[00:28:16]

She just launched her brand new twenty, twenty one goal planner. Having this plan is like having Christy as your personal coach to plan the year ahead. She is. And she sits between us, Anthony. And it is awesome being there, right? Having her as a personal coach, just telling us to be quiet and stop laughing so loud sometimes. Right. It all starts with Christi's goal worksheet, which you can start on today. This planer itself has the monthly, weekly and daily calendar sections that you'll love, plus new monthly teachings, action plans, powerful learning and prayer prompts, all of it.

[00:28:46]

Why am I telling to buy this today? Because the planner will sell out fast. It always does. So prepare for twenty, twenty one. We're just going past twenty twenty, prepare for twenty twenty one and go after your money, your work, your personal life goals. Now go to Dave Ramsey Dotcom and get the Kristy right. Twenty, twenty one goal planner today. You guys heard him. Go get it. Go to Kristy has to go to Dave Ramsey dot our us that store and get it.

[00:29:10]

It will bless your life. This is the day Ramsey Show. Going out to Redding, California, we're going to have a conversation with Chase Chase, good afternoon. How can I help you guys?

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Thanks so much for taking my call. Hey, you're so welcome.

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Thanks so much for calling in. We.

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Basically, um. Well, my wife and I are recently married and we recently paid off all of our debts and we've also saved up our three months of emergency fund. Come away.

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Wait, wait, wait, wait. Before we get to the questions about how I got a question for you. How long y'all been married? We got married in May make at one end of this year Akobo wedding. Yes. And you paid off your debt this year? Yes. How much debt was it?

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About fifteen thousand dollars in student loan. Oh, I love it.

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I got to ask this last question. I promise you, you can ask us ask us a question. How old are you and your wife?

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I am twenty three and my wife is 24. Millennial's out here paying off debt. That's what I'm talking about. OK, go ahead. What's your question. Voice mail. Congrats man. I'm so pumped. Thank you so much.

[00:30:57]

So basically, now that we have our emergency fund, we want our next deputy to get a house. However, we know retirement is an important option, especially at a younger age. So we don't know. Should we just be putting all of our savings towards a house? And once we get that downpayment, then start doing retirement, or should we be splitting that effort? We both have company sponsored retirement.

[00:31:22]

OK, Chase, Chase, Chase, Anthony is going to help you answer this question, but I going to stop for a second. Here's the thing, Anthony. We got a 23 year old newlywed who just paid off his debt. He's not saying, hey, we're free to go run around crazy. He said, what's next? We want to buy a house.

[00:31:39]

But we know retirement's important, right? I don't know. They may 23 year olds like this. Who is this?

[00:31:44]

And this is a sharp young man who is excited about his future. And it sounds like he's excited about his wife.

[00:31:53]

And so let's let's walk through this choice, OK? What is important to you and your wife right now? What's on a vision board for you and your wife right now? Is it OK? We really want a home because we want a family, or is it a little bit of both? You want a home, but we also want to invest or like, what's the deep what's a deep thing in between you and your wife?

[00:32:18]

Do y'all just want a solid financial foundation? Like talk to me a little bit right now. What's going through your heart and your mind?

[00:32:26]

Yeah, so basically, yeah, we're wanting to build a family relatively soon, and we just don't know if being an apartment is the best option for that. But we also at the same time, don't want to be starting a family and not be, you know, have to be so very focused on the house that we set ourselves up for.

[00:32:46]

Sorry to trouble in the future. So are you guys going to stay in California? Is that OK? Are you going to stay there? So here's here's the thing, if you were my brother, I'm taking you out to dinner and I'm saying, bro, congrats, you're 23 years old, you're married with zero debt, with a with an emergency fund. Nearly 50 percent of the people in America today cannot afford to pay cash for a 401. Emergency and chase.

[00:33:15]

You can times 100.

[00:33:19]

OK, so here's what you can do. And this is this what we teach you? Go from babysat three to three, B three. B, is your saving at least 10 or 20 percent to put down on a 15 year mortgage. Now, you could do both at the same time. You can do three, B and four. I have no problem with that. If I'm 23 years old, I am investing and I am saving for a home.

[00:33:44]

OK, there's nothing wrong with renting because if you can invest early on, man, your future's so bright. But then also if you can get into a house now, do it the right way, then you can start gaining some equity. So I think right now, you and your wife to ask yourself what is the priority if you say, hey, we want to be in a house within the next year or two years? OK, cool.

[00:34:07]

There's no problem with you taking two years and not investing and going after the mortgage. But at 23. So if you all are saying, hey, by 27, we want to be a home owner, then, hey, go ahead and invest and go ahead and start saving up that 10 to 20 percent to put down. But you and your wife have to be on the same page either or you're perfectly fine. Okay, you're perfectly fine if you are my my sibling at that age, I'm saying, hey, going ahead and do both at the same time so you can reap the rewards of both.

[00:34:38]

If you were a little bit older now, your 30s, obviously. Yeah. Go ahead and just save up and just stop paying a lot of cash. You get into a home. Makes sense.

[00:34:47]

Yeah, it does.

[00:34:48]

And chase, for whatever it's worth, I had a wild, rambunctious, awesome little boy, two year old in an apartment for a year. I had to get creative as a dad, but man, we had a blast.

[00:35:00]

It was as if I had to take him to local parks and we had to learn how to play soccer out in a in a school field instead of in a manicured backyard. But, man, we had a blast. It was good. So you're parenting. I can tell you right now, as as a guy who's planning, as a guy who's not afraid to have a off kilter covid wedding, you're going to be a great father. You're going to figure it out.

[00:35:20]

And so don't let that lock you into bad decisions that are going to they're going to follow you for decades and decades. Yes.

[00:35:26]

How much did you pay for your wedding through Miami asking if it was a covert wedding? So I'm curious.

[00:35:30]

Well, it was really a lot more. But everything you say, everything got canceled on us pretty much. It was the only thing we paid for was really the wedding dress, because we didn't have we only had six family members, so it was probably less than a thousand dollars. Whoa.

[00:35:46]

Are you still in love, Chase? Yes. Are you still married? So is that. Yes, of course it was done. But what you're saying is crazy. What you're saying is you could actually get married and show the world that you're love somebody, you're going to give them forever and then cost fifty thousand dollars. Is that I can't be right. So what you're saying.

[00:36:05]

Yeah, I mean, I wouldn't believe it either, but it was way more special than it ever could have been with the two hundred people or anything. So does your wife feel the same way or.

[00:36:14]

Yeah, that's the real question.

[00:36:15]

Your wife feels the same way she does. Yeah. In the beginning. No she didn't. But now it's like we realized it was so much more special because you could focus on each other, not the event you're putting on. Wow.

[00:36:27]

So it chase you are changing hearts and minds in the United States of America today. So congratulations. Well, she sounded like a man. I'm blessed to have you taking Ramsey Plus yet. Have you taken Financial Peace University? I'm not OK. I want you to stay on the line. Kelly is going to bless you, Ashley. Me and John are going to bless you with Ramsey. Plez celebrates you and your wife cannot marry because she's clearly you and your wife are on the way of becoming everyday millionaires.

[00:36:52]

And I really want you to learn this. Hate this class. It's going to be free. We're going to cover that cost for you. Stay on the line again. Gretzky's is going to take care of that.

[00:37:02]

I want you to hear this. Awesome.

[00:37:03]

I mean, we have a young person that said, you know what? Instead of me postponing my marriage and spinning, the average wedding is about 25 to 28 thousand dollars. You know, for a wedding, we're going to get married and spend a thousand because we still love each other and we're going to have more intimate private wedding. Not only we going do that, we're going to pay off our debt, not going to just pay off our debt, but we're going to call into the Dave Ramsey Show and talk to Dr.

[00:37:32]

Dee and Anthony so we can get wise counsel on what should we do next. This is a young person saying, I want to do it right and we're going to do it right out of the gate, out of the gate from the very beginning. OK, do we save to invest? Do we go buy a house? What do we do?

[00:37:51]

You see, when you're not willing to ask the question to someone who has the answer, you're never be successful in when you're not willing to sacrifice and pivot and make changes in default to what's important, not what looks the best guess.

[00:38:06]

Because what most folks who are 23 or 24 are going to do, they're going to postpone their wedding. Yep. They're going to spend a ton of money. Once they open everything back up, they're going to feel so excited. They're going to have a big party. Yes. They're going to run out and buy the house with no percent down, some fancy pants special loan.

[00:38:22]

They're going to say, hey, we only have 15 grand in student loans. We don't even have to pay it back right now because the government's going to print some more money for us. And so we're good for a while. And you're going to snap your fingers. You're going to look up and you're gonna have two kids are going to be thirty and you're going to be so underwater you can't breathe. That's it.

[00:38:37]

You just said it right there, man. They were willing to adapt at just and overcome adapt at just and overcome. And I think if you can do those three things, especially right now, your future is bright.

[00:38:52]

By the time they turn 50 years old, they will be millionaires.

[00:38:55]

And it goes back to what we're talking about with Chris. He's always talking about with covid helps you decide what is important. And they have decided to focus on planning, love each other and their future. It's awesome. Oh, wow. I love getting calls like that. And oh, my goodness, this is this has been fun. This hour has been fun. This is The Dave Ramsey Show.

[00:39:32]

Hey, it's Kelly, associate producer and phone screener for The Dave Ramsey Show. This episode is over. But if you heard about an event, product or service, it didn't have a chance to write it down. Don't worry. We lost everything you've heard about during this episode in the podcast, show that section or head over to Dave Ramsey dot com and click.

[00:39:47]

Dave recommends money isn't the only thing we talk about around here. Get life changing advice on your career from my good friend and career expert Ken Coleman. Oh, my Ken Coleman show. According to a recent Gallup poll, nearly 70 percent of Americans are disengaged at work. If you dread going into work every Monday morning and you're just trying to make it to the weekend, the Ken Coleman show is for you. Everyone has a sweet spot. Your sweet spot is at the intersection of your greatest talent and greatest passion.

[00:40:18]

We will help you discover what it is you were born to do, and then we'll help you create a plan to make your dream job a reality. You matter and you have what it takes. Join the conversation on the Ken Coleman show. Hear more from the Ramsey network, including the Ken Coleman Show. Wherever you listen to podcasts.

[00:40:38]

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.