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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollars Car Rental Studios, that's the Dave Ramsey Show, where dad is dumb. Cash is king in the paid off. The mortgage has taken the place of the BMW as the status symbol of shows. Chris Hogan Ramsey personality as my co-host today here on the show.

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This is the Dave Ramsey Show where we talk about your life and your money.

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Open phones at eight eight two five five two two five. That's triple eight eight to five five two two five.

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Jerry's in Oregon. Hi, Jerry. Welcome to the Dave Ramsey Show. Hey, guys, great to talk to you today. First things I got to tell you, it's my wife's birthday today and she is the one thing she wanted to do is talk to you guys. So here we are. All right.

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Well, happy birthday. What's your name? Yeah, Shelbie is my wife. Happy birthday, Shelby. Cool. Yeah.

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So our question for you guys today, so we have some money set aside to buy a house. Some of it's in a mutual fund that's non retirement that we were earmarking for a house. And then we have some in an inherited Roth IRA. And we were wondering what you guys thought about using that. In addition to our non retirement mutual fund to purchase a house since it will grow tax free for till the end of time. So what are you guys start?

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Well, it's 50/50.

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If it was a regular Roth, I would say no. Never touch retirement plans for buying a house. OK, but this is not a regular it's an inherited. Right. And so you'll pay taxes on it when you pull the money out. Right. Yes. And on the growth, you know, on the growth, on the growth, you will if it's an inherited IRA, well, if it's a Roth, it probably doesn't know.

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I take a younger professional told us it wouldn't. Yeah, no taxes, no tax. How much is in there? Sixty five thousand. How much you got saved in your other mutual fund for your downpayment? About one hundred and seventy thousand. So you just to pay cash for a house? Well, we were hoping to we live in a pretty expensive area, but we figure if we save for so we think we can pay cash if we use both the regular mutual fund and the inherited Roth.

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Yeah, if we save for the next five years, then if we don't use the inherited Roth, it might be more like seven. Wow, what is your house? My house is cash. Why don't you why don't you buy a little house for cash and just live in it while you're saving up? Well, I mean, we've worked we haven't been so I mean, about the if you want a mobile home, you can get something for under about two ninety, but three twenty five seems to be about about where we have to start.

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You know, you've got to drive out a little further. OK. No, you know, we're not the point we're not putting we're not putting in a mobile home. Yeah, we're not going to do a I. They go down in value.

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But yeah, yes, I would cash out the Roth, especially if it allowed you to pay cash. And our recommendation would be to buy a inexpensive home. And it's been a while since I've been to Bend, Oregon, but it's hard for me to believe that the average that the average household average house price in Bend, Oregon, is double the national average.

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Right, because the national average is 220 right now.

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Well, here's the thing, Dave. As you know, you are the real estate guru. You've got to go in smart with a game plan and what you're going to buy. Right. And be very intentional and and and be clear on that.

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It's not an emotional decision. This is a business decision. And if you can go in and pay cash for a home, that is definitely the way to go and be intentional about what you're going to do.

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As far as furniture in this thing, as you as you move along, you know, use your income without a house payment to furnish it and then use your income without a house payment to build up and move up in a house with cash.

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That's right. That would be my favorite plan.

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And I would use the Roth for that. They inherited Roth. I would not use a regular Roth ever to buy a house and ever, like ever, ever.

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People will call it the analogy.

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They will just to make sure they're not the exception. Drus in Massachusetts. I drew. How can Chris and I help? Hi, Dave, thanks so much for taking my call. Sure. I just graduated in May and I serve a full time job. I'm twenty three years old and I have to start saving for my 401k next month. So I was wondering what you recommend. My parents want me to invest the 15 percent that you recommend and they match six percent.

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So I just didn't know.

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Wow. Drew, how old are you? I'm 23, 23 years old.

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And you're going to start investing soon. I love the I love hearing this. Have your parents always taught you about money or are you self taught? They started listening to Dave a couple of years ago, so they kind of got me listening to so everything kind of changed. A few years ago.

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That is fantastic. So do you have any debt at all? I paid off about half of my loans already, so I have about 11000 left. OK, you got 11000 left in student loans. Yeah. OK. Do you have an emergency fund? Yes. OK, how much do you have in your mind, how much? I just have this one. OK. And then I have a couple thousand that I've been saving for my own.

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OK, that's the I love this. I use the mindset, but here's what I'm going to do, because the key to being successful is to not only follow a plan, but follow it in order. The recipe I'm about to lay out for you is one that's helped over seven million families. So here me with this. What I would advise you do before you start trying to invest is I would attack the rest of that 11000 in the student loans that you have.

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And once you get that out of your life, I want you to build up a fully funded emergency fund of three to six months of expenses, and you're going to put that in a money market account. Now, once that's there, now you're ready to start investing and saving for the future. Does that make sense? Yeah, yeah, so but people have been recommending that because they're they're matching the six percent, that I should at least do that before I even people are wrong.

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Yeah. Did your parents tell you this? No. OK. Most people are broke. So don't listen to. Don't don't listen to that. And again, that mindset, because we don't want these student loans hanging around like it's a family friend.

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It's not your 23. Yeah. It's not going to take you long to knock out the 11000. When that's gone, you build an emergency fund, then you start your 401k, you take advantage of that match. You're not going to miss the match for very long. It's going to be like a year. And it's not going to keep you from being a millionaire. You're going to what will keep you from being a millionaire is if you cash out your 401k when your car transmission goes out because you got debt and don't have an emergency fund.

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And that's the mistake that everybody makes when they think, oh, I have to go to the match, I have to go to the match, and then they step off the edge of the cliff.

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They really do, Dave. And again, it's it's it is following the plan. It's the recipe. And I can remember, Dave, I got out of grad school and they had taught me dumb stuff, OPM, other people's money and leverage and all the stuff. And I thought I was ready to go and I did more stupid than the law would allow. And, you know, without a plan, you can make more and earn more and make more, but you don't get anywhere.

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And it's a treadmill. And I know people out there are tired of being on that treadmill. And I want to talk to the old the younger hoggins out there that say, you know, I'm going to wait till I start making X to get serious. Do me a favor. Don't believe in that fantasy. Don't start waiting until anything. Start today and get serious and manage whatever it is you're making today. Very well. It prepares you to be ready for more later.

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Absolutely.

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Of course, I'll give my co-host this day on the Dave Ramsey Show. James child sitting in the booth with Madison. We are here to help you.

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This is called the Dave Ramsey Show. I heard a statistic recently that absolutely blew my mind, 43 percent of Americans are not protecting their loved ones with life insurance. This drives me crazy, people. What are you thinking? Taking care of your family has to be a top priority. That's what term life insurance is all about. Regardless of where you are in the baby steps, you've got to make this a priority. And that's why I talk about Zander Insurance every day.

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They keep it simple and make sure they find you the best rates out there. Go to Zander Dotcom or call 800 three, five, six, 42, 82. But you have to take the first step. That's Zander Dotcom. Chris Hogan Ramsey personality is my co-host today here on the air on the Dave Ramsey Show, Open Phones, a triple eight eight two five five two two five. Rachel is with us in Texas. Hi, Rachel. Welcome to the show.

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Hi, Dave and Chris.

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It's really great to be talking to you. You too. What's up? Well, so I'm single.

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I'm in the military and will be in for the next ten years. And I'll probably be moving like you probably know pretty frequently during that time. I am debt free. I have a fully funded emergency fund and I'm already saving 15 percent to my retirement. Wow. I was I was doing the math and I'm going to have over twenty thousand dollars a year to give have fun and build wealth. Mm hmm. My question is, what do I do about the build wealth part?

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Because I've heard you say many times like don't buy rental properties, because then you end up being a long distance landlord with the situation. I am with the military. Right. So how what do I do? Wow.

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You've got some you've got a great opportunity, Rachel. So you go in 10 more years. How many years in the military will that give you all total?

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It'll be about ten. I'm trained to be a pilot, OK? Make us sign a contract.

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OK. OK, gotcha. And so as you look at this, you start to realize you've got options ahead of you. I would tell you, you know, you don't have debt. You've got an emergency fund. You know, you've got an opportunity to do giving right here and right now. But as far as wealth building, you know, you've got your TSB, the thrift savings plan, which is the military's version of the four one K, but I'm going to tell you something else.

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You also have options of saving it, using growth stock, mutual funds outside of retirement. And so that comes with no limits. You can put it as much in as you want. And so that's something I would talk to a smart Vesterbro about, because for you long term, you're eventually going to want to buy a home. And so that would be a great place to put some money.

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Absolutely. Thanks for your service, Rachel. Appreciate you. And congratulations on your pilot's career. That's going to be a great career inside the military and outside doing a really good job. You've obviously laid our stuff out.

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Line item by line items are very well done. And so for wealth building beyond that, Chris, is exactly right. I would just get with the smart Vesterbro and just start some mutual funds and just let them build up. And, you know, one of your first goals in that might be to have enough to pay cash for a house at the end of your military career. Maybe one of your other goals would be to beyond that, I want to pay cash when I do settle in somewhere for some real estate at that 10 year mark.

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But you can definitely have a lot of money piled up by then, and you've done and still will have had a great life traveling and enjoying things and of course, being generous like Chris was suggesting. Very, very good. Great job. Yes. Seth is with us in Virginia. Seth, how are you?

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Gentlemen, good afternoon. So are relatively new listener. So I had a question and wanted some advice, if you could help me in regards to my wife's student loans, personal loans of about one hundred and ninety thousand. Good Lord. And it's an income based. Plan is what gotten a lot. What is she, a doctor or a lawyer? She's actually she has her master's in social work from. Several hundred thousand real. Yeah, yeah, and what does she make a year?

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Well, that's the thing. She's been a stay at home mom for the last seven years with our kids, and she slowly kind of getting back into work. And my plan has always been to allow her to start working and basically take all the income that she would make from whatever job she has and to put that towards the loans.

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What is your household or what do you make? I make about 175 a year.

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No, I would not do that. I would just pay them, I just pay the loan off. You might 125 dollars a year. Let's get this mess cleaned up. This is your wife for better, for worse, for richer, for poorer, in sickness and in health.

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Until the all my worldly goods, I pledge says in the old the old wedding vows in the Book of Common Prayer, they don't say that anymore, but that's that was the old days. And that's what you did. It's not her. But now I know it's got her name on it. And technically it is her loan. But I'm saying relationally and everything else, you make one hundred seventy five thousand dollars a year. This is hanging around your neck and income based repayment is just going to drag it out for 43 years and knock it in the head and be done with it in about two years, 100000 hours a year for two years.

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Clean this mess up.

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Yeah, goodness. I mean, you know what? I get riled up when I hear that, because if she hadn't married him, she'd be screwed.

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Oh yeah. She's working two jobs, trying to make payments. And it just, you know, people sold the bill of goods that you've got to go to some fancy school. You got to go to this high priced university if you're going to make anything of yourselves. And again, people hear me. We did the largest study of millionaires that's ever been done, talked over 10000 of them, over 10000.

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And it was unbelievable because 62 percent of them went to public state universities. These are people that are millionaires. Eight percent went to community college. So you do not have to go to a hundred thousand dollars a year private school in order to be able to have and build wealth.

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Gosh, well, a good news is that you guys are in a position to clean this up. And so our recommendation will be to clean it up very, very quickly. Now, then the sidebar is for everyone listening. If you're going to get a degree in something before you spend money to get a degree, before you spend a dollar to get a degree, find out what that field of study pays.

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Yes. And if you're going to be a 40000 out of your social worker, don't go 200000 hours in debt to get that degree because that's mathematically unpalatable. It may. In other words, Gitlow, throw up in the back of your mouth when you start talking about that kind of number. And so it's just the return. It doesn't work now in social work as a, you know, a no.

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Yeah, a good profession. And it is a good thing to help families and hold them together and that kind of thing. But you're not one yours has fallen apart. And so good news is in Seth's case, that they can clean it up very, very quickly. And he's a new listener and he's trying to guide his way through this. But you've got this great income, dude, if I'm you, I'm just going to punch this thing in the nose and knock it out.

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The rest of you get Anthony O'Neill's book Debt Free Degree and figure out a way to go to school and study something that the income, based on what you study, makes sense based on what you spent to get the degree. Mm hmm. So don't become a professional and spend your whole professional life paying off your degree.

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No, you're right. But you mention this, that I mean, I'm thinking back. If you got somebody that was single and he's dating someone, can you imagine the shock if you've never talked about money together and all of a sudden you find out they've got to 300000 in student loan debt, you know, and, you know, it's so normal now because I don't think anything about it.

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But, you know, and again, he obviously has a wonderful career. Yes. Making a lot of money so that that probably came into the decision making. It would make sense that it does. And that's all fair. That's all fair. But parents and and for those of you that are raised by wolves or something, listen up, do not, you know, really think about what your return on investment is on education.

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All education is not bad, but all education is not worth the money. That's right. And some of it isn't worth the money because mathematically it's it's not it's not a matter it's not a moral call.

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It's a judgment call. It's not like, oh, what is too expensive? Let me tell you, it's too expensive.

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It's too expensive is when you pay out a gazillion dollars more than you're ever going to get back.

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That's too expensive. That's right. Or then you'll get back as a result of your choice. Right. Then that's too expensive. You can't do it. So it's not a matter of it's two hundred thousand dollars a morally wrong. No, it's not.

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It's not at all, you know, but but it's not it doesn't make good. It's not logical. That's right. Do that. Especially if you're paying cash for it. You wouldn't do it. No, you wouldn't. For a 40000 are.

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Learn to count. We're always going to have a job. This is the Dave Ramsey Show. And. My co-host today on The Dave Ramsey Show, Ramsey personality, Kris Hogan is with me open phones, a triple eight eight to five five two two five on the debt free stage in the lobby of Ramsey Solutions. Jason and Villeda are with us.

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Hey, guys, how are you? Thanks to you. And, well, thank you for allowing us to be here. Well, we're honored to have you. Where do you guys live?

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Burnsville, North Carolina, which is near Asheville, Asheville. Beautiful area, sir. Yeah, very nice. Well, welcome to Nashville. Very much good to have you guys all the way over here to do a debt free scream. How much have you paid off?

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One hundred thousand. Two hundred and twenty dollars. I love it. How long did this take? 25 months.

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Good. And your range of income during that time?

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From 73000 to 110000. Nice jump in two years.

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So cool. What do you guys do for a living? I am a professional services consultant for Architects Bhim building information modeling software. I work for myself.

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Oh, cool. I'm a North Carolina state home inspector.

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Oh, very good. Good for you. That's both great fields and related. Yeah, good.

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So what kind of debts 100k was the 100K cars, student loans and actually some land that went into foreclosure next to us that we wanted to make sure to control who our neighbors were. So we invested in that myself.

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Your neighbor. Yes, I like that plan. OK, so congratulations. You were kind of normal just going along. So what happened 25 months ago?

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What let you guys on fire? So actually, if you back up to 2006, the church I was attending, I went through the Financial Peace University, but I was always hish. And then I met Jason, who was like baby steps. I don't even have that.

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So I go, Jason. And and so it was actually my my best friend who 25 months ago had said, you know, I need to get out of debt. I'm doing the day, Ramsey. And I'm like, yeah, but I like the last chapter first. So I'm jumping to Chris Hogan. And I went to retired inspired. And then I realized, wow, I'm way behind.

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And and so that's what kind of made us realize actually made me get on the same page as my husband.

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Oh, OK. I got you. So how long have you been married? Almost five years. OK, well, congratulations, guys.

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Thank you. What was the hardest part about getting out of debt for you all? Well, when we met, I had just finished building a house and had done it step by step. Took me five years, did most of the work by myself. Wow. I'd work as a tool and die maker 50 plus hours a week and then work in the evenings, weekends, vacation finish in the house. And probably the biggest problem we had in our marriage was when the land became available and we were trying to figure out how to afford that.

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And when it was mentioned, maybe we mortgage the house. And I said, no, no, no, that's that's not going on.

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There's a lot of blood and a lot of sweat coming out of tears and so not putting it up. Yeah.

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So coming up with the finances to do that was our biggest challenge and took actually the hardest thing for me was actually go back in debt man.

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So but she was in debt when you married her then. Correct.

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With two cars, student loan debt as well. OK, and you brought two cars into the marriage and now it was one car and I had persuaded him to get into debt with another car.

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Oh, you did get him into getting it on that. Yeah, I was a bad influence. Yes.

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So then then she comes to you and says, we want to do this Dave Ramsey thing. And so, Jason, would you say thank you, Jesus? Yes.

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Yeah. Yeah, I'm all in it. So she actually taught the course at church and gave her testimony at church. And so we've had a lot of cheering.

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Yeah. On that point. Yeah, that's very cool.

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Well, congratulations you. Thank you. I know for Jason it feels great and really for you. Villeda, I mean, you've kind of done a full transformation, so it's got to feel great for you. Yes, it does.

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Now, all that land, that house, those cars are all yours, correct?

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Yes. It's so different feeling in that it is especially the way the world is right now.

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Oh, yeah. Especially how are you going to go back?

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No, no. Absolutely not. No. Yeah. You work too hard. Correct? You know, you work too hard. And that little cute girl up there with you, who's that?

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That's Peisley. Yeah, she is a doll. Thank you. Very cool. That's amazing. Proud of you guys.

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So when you're teaching the class now, Villeda and somebody says, how do you get my how do I get my wife on board?

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Because you were that wife. He was trying to get to do this stuff, although he didn't really call it the stuff. He just the way he lived. Yeah, but what do you tell them? The answer is to get some to get somebody like you, so to speak, on board. Does that make sense?

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Absolutely firm for me. And I think the connection is we all have debt and it's a no. But when you actually sit down on paper and you see what you're paying in interest every month, and I like to call that the debt membership, that is what has really been my message in connecting with those people is you're giving away a thousand dollars plus a month to just be in debt.

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Yeah, OK, good for you. That's good. I like it.

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I like it. Now, when people ask what the key to getting out of debt is, you two did it. You paid off a hundred thousand dollars in just a little over two years.

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That's pretty impressive. How'd you do that? What's the key?

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One of the things I always tell is, hmm, well, have young people come up and they're like, well, must be nice to live in this house and have this and this. And I said, well, you know, it didn't happen when you're so lucky.

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Twenty years old, you smack them. Yep, I do. Born with a silver spoon in my mouth. Yeah.

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And I said, well, you're working a full job and driving nails at night. Exactly. You're lucky. Yeah. Yeah.

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So I tell them that, you know, it doesn't happen when you're twenty years old. That I was in my mid forties before I lived in a house so. Yeah.

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Yeah. And you know, just being able to keep the momentum any time we had any extra money, we would apply that towards that student loan debt. We sold our camper, we sold the Tahoe and thankfully I have a husband that can do almost anything. And so he started flipping cars as well. And so that brought in extra revenue, doing construction as well.

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So I was extra work, a lot of extra work. Yeah, very cool. Not afraid to work around your place. I'm proud of you guys. Thank you. You're very fun people. You're heroes and I. Paisley's whole life has changed and she doesn't even know it completely. She does. Pretty amazing. Yep. Pretty amazing. Her whole world is completely different from here on out.

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Well done. We got a copy of Christmas book for you every day. Millionaires'. That is the next chapter in your story for sure. All that land on that house, you might almost be there now. That's pretty cool. Congratulations. Very, very well done.

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All right, Peisley, you've been practicing your debt free scream. All right, here we go. Jason Valaida and Paisley, Asheville, North Carolina area.

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One hundred thousand dollars paid off in twenty five months. Make it seventy three to one ten. Count it down. Let's say you're a debt free scream. Three to one.

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We're debt free. Yeah. Whoo! Way to go, you guys. You know, what he did when he was a single guy is the way people that's a throwback a few generations, that's the way people my grandpa's a lot done. You know, you worked my grandpa bill to a lake house that way.

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You know, they wanted to they want to Lake House and they call it the cabin, we called it, but basically, you know, he would go after work and build that thing go down.

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And it took to drive 30 minutes over there build. And it's to talk to Bill and drove every nail. But the thing together still is still there. Wow. Nice house and. But there was any way he was going into that to do it, he just he just he just, you know, brought it up with his hands and that's what Jason did. And, you know, there's there's a lesson to be learned from that.

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Those are timeless principles that required a lot of hard work, a lot of sacrifice and a delayed pleasure.

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Took him a few years to build the house. That's right. It wasn't a 90 day bill. No. And that sacrifice that time away from your family, that's a lack of sleep.

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I mean, and let me tell you, when you do that, too, do you notice what happened? Here's the sheet she says was borrowed money on this Saturday night. Absolutely not. You know, that's. Yeah, you got those calluses in your hand from having swung that hammer. No, no, no way. And once you got out of debt, they've done it now in their whole lives. Then going back, neither one of them will go back.

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No, they won't change everything. I'm so proud of you. Very well done. Very well done. You need people love it. This is the Dave Ramsey Show. Our Question of the Day from Blind's dotcom, they have a 100 percent satisfaction guarantee that means even if you miss Major, you picked the wrong color, they will remake your blinds for free.

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Can't beat that. That's how you screw up and they fix it anyway. I guarantee it's right. Free samples, free shipping. And with the new promos every month, you save even more. Use the promo code. Ramsey Chrissa question.

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Yes, this chems comes from Kyly in Kentucky. She goes, My company offers a 401k plan and I believe a small contribution. Do I put the full 15 percent into my 401k or only up to what they match? If it's the second part, what do I do with the difference? For example, if they only match up to two percent, do I contribute to and what do I do with other 13, Kailey? This is a great question.

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And here's what you want to do. You want to contribute up to the match in your 401k, then go over to the Roth IRA to do the remainer. If that doesn't get you to 15, then go back to your 401k for what's remaining.

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That is, if you don't have a Roth option in the 401k that is carrying out a Roth option in your 401k and you got great selectable, the mutual funds you can select from a really strong. You could just do it. All right there. Right there. That's right. Either one is fine.

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But you you know, the rule of thumb is match beats, Roth beats traditional paper scissors so shorter, but it just goes one way. But but the the outside.

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So always take the match then to all the Roth and then do traditional until you get to 15 percent of your household income going to retirement. She's got that part dialed in because she's using the 15 percent number to see a baseline everything on her baby step for absolu.

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She's listed in the list and everyone out there, the financial world has all kinds of terms. If you go to my website, Chris Hogan, 360 dot com, I've got a free investing guide that will break it down and explain that talks about how the way Dave teaches to invest and how you can make sure your future in a dream, you can make it become a reality if you mess up on a home purchase.

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It is not a small thing.

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There are no homes with small prices compared to other things that we do in our lives. And when you screw this up, it's a it's stupid with zeroes. So you want to get someone in your corner that really knows what they're doing and never again buy a house without the facts.

[00:31:58]

Our our team has created a one stop shop for everything. Homebuyers need to now go to Dave Ramsey, dot com slash home buying. It's free. Get the answers you need to make the decisions on that.

[00:32:09]

And again, you can check out for these financial terms that Chris mentioned that Chris Hogan, 360 dot com again, free lots and lots and lots of content on all of our sites. That's there to just simply answer your question and help you. And I think we're doing an inventory of our Web site that I I think there's 4200 pages on our Web site of articles.

[00:32:33]

Wow. And so, you know, there's stuff there is what amounts to and whether it's your site or rescue crews or site or whoever. Certainly the Dave Ramsey dot com. There is a lot of stuff that we've poured in over the years and that library has just gotten really thick.

[00:32:50]

That's what it amounts to. All right. And is with us in Virginia. Hi, and welcome to The Dave Ramsey Show.

[00:32:57]

Hi. Thank you both for answering my question. Sure. I we're in baby step two and we're on the last to get a great one is a home equity line of credit and the other is the iceberg, said loan. The reason I'm calling is when I look at that loan, we never consolidated. So we have like all of these little loans that are less than the home equity line. So my question is, do I still which is ten thousand three hundred.

[00:33:31]

And then when you add up all of them, it's a big fat loan. Do you recommend still going from least to most? No matter what the big pile is? Or should I look at the individual loans now? We don't go by category.

[00:33:43]

We go by individual loans on your debt snowball.

[00:33:46]

Because I just I want you to see the aha moment that, you know, every so often when you knock on those puppies out. Yep. So how much is your how much is home equity loan.

[00:33:55]

Ten thousand.

[00:33:57]

Oh so the whole thing's not a 20 grand. The whole pile.

[00:34:00]

No, no, no, no, no. The home equity loan is ten thousand but that Fed loan all together, all those little loans is 42.

[00:34:08]

Okay. So 50 grand get you out. What's your household income. Hundred. OK, so when are you going to be out.

[00:34:15]

Oh I hope. Well it won't be by the end of this year.

[00:34:20]

It won't be by the end of this year. 12, 14 months.

[00:34:24]

I hope so, you know, maybe 50000 out of 100, right? Yeah, and did you feel that nerds from Dave? I heard that and see, that's the difference. And I heard your brain clicking. See, that's the difference between hoping and planning. So when you start planning, baby, you start planning, it gets real and you get serious. So let's ask one more time. When are you going to do this thing?

[00:34:48]

Mm hmm. In a year we had a girl.

[00:34:51]

That's good. You can do it.

[00:34:52]

I mean, even if you lay it out, you lay it out, lay out the math with your husband and just sit down. And you said we. Right. There's two of you. Oh, yeah, yeah, yeah. Lay it out.

[00:35:00]

And then if it comes out 13 or 14 months, it's OK. It's not a bad thing, but it's just it's really good to have that laid out real clear. And then you kind of go, hey, I'm ahead of schedule or hey, I'm a little behind schedule.

[00:35:12]

I got something that I need to be ahead of schedule. Yeah, I want to be ahead of schedule. Yeah, but you got to have a schedule in order to do that, right.

[00:35:19]

That's the thing. That's what I know because Cuddalore and I understand.

[00:35:23]

I hate them all too. Yeah. So go ahead. Knock knock out the little ones. Are any of your 40000 dollars of student loans, are any single loans greater than 10000. No.

[00:35:33]

OK, so you're going to the home equity loan will be last and the debt snowball then and you're going to just you're going it's going to run the table on these little ones.

[00:35:40]

And Dave, here's one of the things she said. And, you know, she said, you know, I didn't have she didn't have a plan, a schedule and a schedule. But she also needs to be able to track and to also not do it alone. And that's exactly what we have available for people in Ramsey. Plus, you're going to have access to tools to be able to see exactly where you are and the debt snowball. But you also have people in your corner cheering you on.

[00:36:03]

And I think, you know, that to me is going to be the absolute game changer for that program.

[00:36:08]

Yeah, it you know, you got to have people. And what we found out years ago, when we first start teaching Financial Peace University, I taught it with an overhead projector and a bad suit.

[00:36:18]

And we figured out real quick that personal finances, 80 percent behavior and the people sitting in small groups after I finished teaching and encouraging each other when they were scared. Yeah. And busting each other when they were being a little bit prideful of that accountability like that broke through more than my teaching did. It's kind of distressing because I like to think of myself as a good teacher. But but the groups were much more magical in changing people's lives than I was standing up there with an overhead projector and still true today.

[00:36:52]

I mean, you and I are world class communicators, but we're not as good as people sitting next to kneecap looking you in the eye and saying you can do this.

[00:37:00]

I know you're scared, but I'm saying you can do this. Yeah, no, you're absolutely right. Or don't go do that stupid lurking around that corner. Yeah.

[00:37:06]

You know, and that's Paravel in anything to have a group of people around you lifting you up and keeping you between the guardrails is just man and anything you want to do.

[00:37:18]

No, it really does. And I'm going to tell you, Dave, I figured out fear and worry. Want you to be isolated and hope, won't you, to be connected and in community. I tell you it just when you reach when you let down that guard and you go, here's where I am and here's where I want to be, how do I get there? Who do I need in my life? What do I need in my life and what's the direction I'm going?

[00:37:41]

And when you would get past that pride moment and you reach out and you grab onto something that can get you there, you start to make changes in your life well, and sometimes you need to turn loose some stuff and you've got to people loving you enough to help you do that.

[00:37:53]

That's right.

[00:37:53]

That's right. I'm not trying to loose the stuff is harder than adding. Hmm. You know, adding elements. And, you know, you know, in our case with financial peace, it's usually some stuff.

[00:38:05]

Right. You know, you know, amputate the taho baby. You know, there's some stuff to happen here. And but you just need somebody say, you know, I did the same thing. It's OK. You'll be all right. Yeah. You're gonna live through it. Yeah. And you're going to get out of debt and you're gonna be glad you did it. But it helps having somebody in your corner like that. So that's what the show ends up being to for some people, this show where people just listen to other people call in with their problems, I go, yeah, I kind of feel that.

[00:38:30]

I kind of get that other people are just entertained by the craziness that calls in here. I get that, too.

[00:38:35]

But but this this community around the Dave Ramsey Show and around the Ramsey Solutions Group, that is this tribal thing that is happening out there.

[00:38:45]

If you guys will plug into it in a positive way, not try to tear everything down, you'll find it'll lift you up that well, it puts us out the Dave Ramsey Show in the books.

[00:38:56]

Our thanks to James Childs, our producer, Madison filling in for Kelly today. This is The Dave Ramsey Show.

[00:39:16]

This is James Childs, producer of The Dave Ramsey Show.

[00:39:19]

Once again, you made The Dave Ramsey Show, one of the top four most popular podcast. To get your daily dose of motivation and inspiration from the Ramsey network. Subscribe or follow today wherever you listen to a podcast. Feel like you're in a rut and living life, just going through the motions, build confidence in yourself and learn to trust the God who created you. Check out the Christy Wright Show, where Christy inspires you to break through your limitations and create the life you're proud to live.

[00:39:51]

Hey, all, I'm Christy, right? You know, it's so easy to feel stuck. You live life just going through the motions, doing dishes, doing laundry, carpool lines and a whole list of commitments that bring you no joy. Why do we live like that? That's why I want you to check out the Christy Wright Show. Each episode will help you build confidence in yourself and the God that created. You hear more from the Ramsey network, including the Christy Wright Show wherever you listen to podcast.

[00:40:19]

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.