Don’t Overcomplicate Building Wealth, Keep It Simple
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Why from the rami network? This is the rami show. Or we help people build wealth, do work that they love and create amazing relationships.

I'm anzy personality George camel, joined by my good friend, doctor john the loni. Or taking your calls at triple, eight, eight, two, five, five, two, two, five, you call us. We will try to help you take a right next step for your life, your relationships and your money.

Lucas is gona kick us off in grand junction. Coloration, what's going on? Lucas .

here.

you know, well, how are you? How can we .

help me to sit down to go through a budget, start making a month? And my wife, I have both done through financial university together. My income has changed. And ce, i've done that. I get paid basically daily.

Um so how do I can set up my monthly budget for for something like tax? My budget are my income is very lux ates a lot from summer time, winter time. So how do how I said, but IT for something .

for my what do you, what do you do that you get paid daily? Are you slim in rocks?

Unserious my term, two horses.

And how do okay, if I can pay the reason? Yeah, let's way Better than selling drugs. I love that.

Okay, good. So do you go. Do you like go to people call you out to their farms and you go there and .

take their horse ranches?

Yeah, good on you. awesome. So I love that you're still doing a budget because a lot of people think, well, budgets are for people with consistent incomes.

And you definitely need a budget if you have an a regular income. So here's how I would set IT up. You need to make a prioritized spending plan. So you know it's not going be a zero dollar month. So what's been your worst months in the last six months?

This month.

probably five thousand girls.

okay. And what's been your best month?

A sixteen thousand.

amazing. And what are your monthly expenses? What do you need to just cover all your basic bills, food, utilities, housing, transportation, insurance?

About sixty five hundred.

okay. So you can do what I call a piece and valleys funds. So if you have a great month like sixteen grand where you don't need at all, so we can park that in a separate savings account to cover the leaner five thousand dollars ths where we're fifty hundred buck short make sense.

And as you go out go throughout the month tracking your transactions, you're going to prioritize what you need to cover. So first up, food, utilities, housing, transportation, if we have all of those covered and we still have money left over, we go to the next priority. In the next priority and at the very bottom will be the, you know, live little luxuries, your subscriptions or whatever the fun things are, your hobby OK.

And that way, you know, you're going to cover all the major bills. And if you're able to cover more and put extra and savings and hit your other goals, that's great. But that i'll allow you to make sure that you don't have A A month where where you're behind and then need to go into debt to do IT.

Hey, look on the your is own answer to question on your behalf. So George, you have a peak and valley fund. And let's say IT feels like in my head IT would be smart to have a line that when you cross that line, there is a chunk money that you decided what to do.

So let's say his lowest month had last year was five. His highest was sixteen, but he average is twelve, right? And so he's gone to continue to move this money over there and money over there. So that makes sense to say, okay, when we get twenty five thousand or ten thousand, we're going to stop and either move that to x or move to well.

this largely depends on where you're at the baby's steps. Look, is so are you debt free with a fully funded emergency fund? Or are you working to pay off debt?

We going to pay off some that we don't have a bunch. Um I think that that is my two small personal loans and a vehicle and house.

okay. And what do you .

have in .

savings .

right now?

okay. So your a one goal with any extra money beyond basic bills is to fill up on that thousand dollars, start emergency fund. Beyond that, any extra money beyond your basic bills goes toward debt payoff. Then once you have the debt paid off, IT goes told the emergency fund. Then when you're in babies that four through seven you have more margin. And so like john said, this is where you can decide, hey, our next goal is going to be paying off the house early or we're going to just stash money away to or maybe you have an extra of three months of expenses to cover you for those liner months. The way to go, you're crushing a man five to sixteen grand is is quite the spread there.

yeah. Do you have following to be an account? And all all that guy does on the sync gram account is takes horses hoves that are like infected tior mess up. And he cleaned the mole up in maxim, amazing. And i'm just miserie ed by IT.

So cool how you do in 啊。 But tenuous .

many times as you've been kicked lot, a lot, not by, not by your wife, by your, by these horses .

ever .

encounter people.

lucas, who maybe should sell the horse. Just curious .

all time.

Thank you for that. That's all we need. No further .

questions you're on.

yes. People who have forces?

No people?

yes. wow. So I got a .

more .

question .

and looks we got you. We help to us. You have to help us out. Um there's a mistake on horses is IT real. Are they like a magic animal in some sense?

You know where they are. There is a connection that in between a person on or the actually does have that connection there, they their personal animal are like know way like a they get to get to know their person. And you have connection with the worse.

And there's lot to them, but yet very, very sense of animals. They can feel every emotion in your feeling. And that has body .

experience around them. If somebody had a deep personal connection, the horse and they were struck financially and so I just popped in their arms like you should sell at horse right away. That be kind of cruel, right?

Yeah, it's hard to I mean, i've had some three, three financial years and it's hard to.

And he did that one time and was pretty tough.

So he wasn't in front of millions.

was in front of many people. yes. But hey, is that appreciate the work that you're doing, brother? That's awesome.

Thanks, man, and thanks for the call. Is a great question, john. A lot of people, when they look at budgeting, they they opt out because they go well. That's for a certain type of person, is for broke people with people who have a lot of money is for people who have consistent income. And what I found over time, it's for people who want to know where they are, monkeys going and want more of IT.

Yeah, I don't you tell me i'm wrong here, but IT feels like, especially as the world has moved almost overnight, this gay economy, where everybody's got a job and then a side hostel and then another side hospital.

um if you're .

making two hundred and fifty thousand dollars and you're onna fudge here and around the edges, okay, if the fourteen dollars you just earn that hour is going to a bill. You have extra. You Better be paying attention to every dollar, right? Like watching every penny yeah .

so much more when you're yes.

And so if you're getting paid everyday like he is, if you are working these gig jobs where you're measuring milo edge and your it's on to you to pay extra special attention to every penny, every dollar, whatever you happen to be, that's how going to a get ahead with this on this day to day, by day, by day by day basis. absolutely.

He and I see look as the stone on the lines. I want to give him one year of every dollar premium, and I hope that helps them with this inconsistent budgeting. We've a paycheck planning tool as part of the premium versions, john, where you can lay out all your bills.

It'll show you when your money is going to a run out based on one all your bill's hit. So it's a super helpful tool to visualize that you can start moving your bills around and figure out OK need more money after the bills and before IT. So I don't run out.

So as a lot of good features there, go check out every dollar. You can download IT for free in the APP store or a google play, or just click the link in the description. If you're listening on youtube podcast and whether you are broke, you consider yourself wealthy.

You have regular consistent income, irregular income from commission jobs. You need a budget if you are a human being who has built to play, you need a budget yesterday. So go download every dollar IT will solve that problem. And then your job is to stick to IT attract those transactions and to take control of your money instead of IT controlling you. This is the Randy show.

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Welcome back to the rainy show on George camel, joined by doctor john baloney open phones, the triple, eight, two, five, five, two, two, five. Christina joins us next and floor, south CarOlina and Christina. Welcome to the rami show.

Hey, thank you guys so much.

Appreciate your time.

What's going on? So in two thousand eighteen, I was, I know, with breast cancer and was out of work. And unfortunately over the time period that the company they are worker allowed. So after twenty years of service, they called and told me they no longer needed me. So I have four one k with that company.

I no, I should have done something with IT and I did not um so he is sitting in an account and I was just diagnosed in the past year with stage four cancer. So now instead of preparing for my retirement, I am looking to see the best way possible to leave this money for my family. I want to make sure that tax wise, or whatever penalty that can be made um IT gets the left here. I would like them to have the most of IT.

So how i'll certain a view about your your new contracts, that timeline for just being around.

Um I would say that I ve only been given that by one doctor and I would never look at that within a year.

Wo you feel pretty .

confident about that?

Um I believe in a big god and I know that he can do big miracles um so no I don't believe that however I am doing everything possible to make sure if anything does happen um that I love my family um having having the most that they can yeah you're .

pretty mazing one, cristina.

Yeah to be thinking about your foreign beneficiaries when you're going through something like this speaks volumes to the kind of person you are.

I want you to i'm gona assume you've got longer than a year, but i'm going to pretend like you are that we're going to go and do those things just in case. okay. OK, um thank you. I want you to never say the words I should .

have again.

K, literally life is too short.

Okay, you're right.

We're not going to say I shout if I needed to. We're IT just gonna the next right thing. And so we're going to let old Christina, who is trying to survive, getting hit the mouth with a cancer diagnoses is the first round we going to let her off sheered. Oh, thank you.

So so no more should IT just .

can be the next right thing. I'm assuming you're a list maker. Have you made a list of all the things you need to go do?

Um I have you okay?

I want you to put at the top of that list things that bring me joy and laughter. K, and I don't know what that means for you, for me, approach to be welfare. Al shows and playing with babies and hanging out my kids in my wife, puppies everywhere, ay George to speak. Smashing android phones that would bring in the most thing. Could possibly .

that not a bad idea, right?

But I want you to put that at the top. The greatest gift you can give to your loved ones in this season is to um find out where you can and then you will do these tasks as they pop up. And this is one of those tasks that I would recommend me.

You get a um a smart vest pro if you haven't already and just consolidate the stuff is as quickly as you can into a single account if you've got if you've got multiple. Like when I moved to ramsey, I had left three for the jobs. I had four ones everywhere. So I called my smart meter pro. We gathered them all up in to one central place and IT took like, I mean, he didn't in no time and that's .

that's a direct roll over. So you're not actually withdrawing the money, you're just directly rolling IT over to N I R A from that foreign. So there won't any penalties or taxes there. Do you know if the phone k was traditional or rough?

okay.

There might be a little bit homeworks just to figure out its traditional forever N K that means you haven't paid taxes on the money yet. And so you you know whoever inherited IT, we will have to pay income taxes on IT. That's fine.

Someone was enough to do at some point. If it's rough, that means you already paid taxes on IT. And therefore, when they inherited IT, it'll be tax free OK.

But there's not going to be penalties or anything like that with an inherit retirement account. Now is that who would be the beneficiary on this account? Who would be getting this money if you passed .

IT would be my husband .

and my daughter. okay. So if your husband, there's different rules, league will likely be able to roll that money into his own account and there won't be the ten years withdrawal period.

If he goes to a non spouse, i'll have ten years to withdraw the funds based on the secure two point o act. And again, a smart vest, a probe, can walk you through all the nerdy ins and outs of this. The key is just to check who is the beneficiary of this account. Is is that the person I want?

okay. So I should probably my husband, if I want them, had to accepted money within ten years.

Yes, if IT was me, I would, unless you have reason not to give this money to your husband, that would be the next in line I would be passing this money to.

yes. And by splinting IT, you're gna make things when more complicated for him. You when you pass away.

do you have a well in place?

Um i'm working on him.

Okay.

long now before the weekend is over, at least got a mom of their will and get a will. okay.

OK, yes. And well.

hang on the line. We're going to help you ely's going to hang on line and were going to give you as much as we can to help you with this process. About mumma are legal forms.

There are the folks that jon I have our way through. Its online. It's all iron clad.

It's legit. And so too, I got IT when I moved from texas to tennecy. And I I wouldn't got a mom a Better whether i've moved states.

And then I recently have set down with within a state planning, attacking my wife and I did and we went through the whole Rogero and he was awesome. He's awesome. He's natural.

But getting of thing right now, just in case. And then sit down with an estate planning at turney within your husband. And earlier I went to reiterate, George asked you, is this in a rough or its traditional for one in your response? Was this, I don't know. You're not fAiling anything, not a pop way.

okay?

Not in nine percent of amErica doesn't answer these questions. That's where the show is. O, K, the least amount of beating yourself up you can do over the next year, the Better.

A in the least amount of brain calories you can spend on stupid stuff like this, the Better. And that's is wise to reach out to a smart s pro who goes, hey, to learn about IT. Let me explain IT to you in a way I like, can teach you, you can understand IT, but you don't have to worry about IT yourself.

okay? right?

Is that cool? What if we get else we help you.

Do you have any term life insurance in place?

Um for my husban's job I do okay and .

you prevent qualify for any other yeah.

the big question is, is my family gonna be OK if something were to happen to me? That sounds like the answer is yes. There are gonna .

be OK OK at one more question is, is, is your opportunity to win? Tell me that there is a law that pass that if you is something like this happens to you, that you can withdraw your money early with no penalty.

there would probably constitute as a kind of a hardship withdraw. I still wouldn't do IT OK, even if you're able to. Are there pressing financial things that you guys are trying to pay off debts, things like that?

No, no, okay. no. There's that I would leave at sitting .

there because it's onna grow and continue to grow with compound growth. I don't want you to unplug that regardless of what the penalties are. You've work really hard to establish this level of wealth for your family, and there's no need to withdraw early.

O, K, O, K.

I I can I give you one piece of magic advice?

Yes.

I don't think it's going to be. But you get a rare gift that most of us just blow by. You get a rare gift to at least consider this might be the last Christmas.

he said on the tree.

soak up every minute of IT.

Yes.

every minute, yes. Go on the vacation. Go to the silly things you throw waterwater at your daughter when you gets off from school.

Do all the stuff head headed in new york in a week. Never done that before.

It's amazing, right? The letter, make sure she's got something to read forever. Never, never ay your brave, brave, brave woman. Thank you for sure.

Every with us. Thank you, Christine. And were polands oria. And we hope there's only good news in the future calls back if we can help and in the way and hang on the line, Kelly is going to pick up and make sure that you have what you need with all the links and goodies to take the the next steps .

for all the mini women. Listen up to here. We all have our last day, and you just heard what bravely looks like someone who says, okay, it's common. I want to make sure whether I know what day IT is or IT might be fifty years in the future, i'm going to the best I can to make sure those that I love you are laugh when i'm gone are taking care of. That's what that sounds like.

This is the ramsey show.

This show is sponsored by Better help aren't hate that time of year when is getting little holders getting dark earlier? And sometimes we just want to stay insiding get code for me. The perfect night at home when i'm trying to be cozy is me and my whole family, under a bunch of big blankets, watch TV show or read a book, whatever your perfect night looks like.

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Back to the ramsey show on George camel, joined by doctor john loni friendly reminder that you can watch the show live. Just th of nash filled ten to see if you're making your way through time. We got a lovely audience here today.

And as the holiday is approach, if you're coming through, come visit us. The show is free to watch through the glass where like zoo animals out here, we're got free coffee and baked goods in the cafe and you can leave with a free gram show mug. So come see us.

We've got Mason up next in Henry ata OK homa. What's going on? amazon?

Hey, George and doctor john Harry .

on even when Harry you i'm .

i'm pretty good that say， so my question is um I have a assister and a cousin that are in a position in lives and jobs and things like that. And I recently, last couple months started listening to the show and yet really into IT. And I haven't fully started the very steps here I ve wanted to. I just haven't made that, livia. And I just wonder, how do I convince them because I can do with my necessary but how would I convince them that doing things with cash, not one about credit course, things like that, are the way to do?

So you're not doing the plan, but you want to convince others to do the plan. Is that the summary here?

Yes.

you are excited about the plan and you want them to be excited about the plan.

mazing. This is the most amErica call i've ever received. We really want to do a thing that none of us are doing. So you'll do this thing. I think that I think the as the great country lyrick goes, you say at best, when you say nothing at all missing, just start paying with cash. Just start getting connected with you will .

speak louder than words if you were all up in there, but you need to start paying cash and get ready your, how about you just go, yeah, what what? What do you do today? Uh, I pay off my car.

Felt pretty good. How do you do that? Well, I follow this plan. And then if their interest.

they'll listen.

But i've never been able to convince someone of something they were not interested in. You just have to lead within tribes, and I have to go tell me more about this.

So why haven't you started yet, Mason, for such a great plan?

Well, I mean, I don't know. I just haven't. I mean, I mean, I guess technically I be a big step one.

I just haven't. 嗯， now I got the every dollar, I started the budget and and yet stuff lined out. I just need to start put first together. Then I be I know I need to answer my question .

if this is so great that you want all your friends and family to get involved, why haven't you?

Has not the hesitation.

Think I think today's a day .

yeah where are you at financially?

Not not terrible.

Great answers. Love the comment I was like, hey, john, how is you your marriage and joe.

how much .

money that .

maybe around forty thousand.

okay. And how much dad do you have?

About thirty thousand. So Mason.

that's a hundred percent leverage that qualifies is terrible. It's not great.

How do you get into this mess? You sound Young. How old are you?

Twenty two?

Oh yeah. I was actually about where you were twenty two. I was thirty six thousand dollars in dead with student loans, four thousand dollars in credit. And I was making about what you were making.

where you, where you did not come from, mother.

So I have A A truck, I hope about um ninety four hundred and um and then we had we were pretty close to paying off our lifecare. And then before we .

really everyone .

we get rid of now. But my truck and her car together is about a twenty five and sixty five.

Is he working outside the home?

Um not as of yet. We had nine little bit and he is her me to school. So once he get into.

okay, how much dead do you have cause that include in your thirty eight or is that just your debt?

Um I technically it's a will marry but technically against that all be mind hours but she's that a couple collections from the four year married like a thousand dollars or something but well her problems became .

your problems as soon as you said I do. So we got to get all of this listed all out, smallest to largest. I don't care who's that IT is. I don't care what the interest rate is listed out by smallest baLance, largest baLance. And let's start attacked in these that aggressively .

with .

the death nobel. I every dollar budget set up with our monthly payments. And I just yet last night actually wrote everything down on paper to look at. And when you see between the small things to the vehicle that has to thirty eight thousand, it's so I missing how quick you get a thousand box, stop .

thinking about and stop making. How quick you a thousand dollars.

I bet you can do .

IT faster. What can you sell?

You get some .

other thing that .

just popped in your head, the guitar, that tools thing.

that what you can sell four by four.

I mean, honestly, I don't we don't keep a whole lot of like just things around.

I want you to put two time by itself because in the .

driveway that's more than half income yeah just depreciating every single day, continuing to go further down and value. I would consider selling your wife's car or yours, but that sounds like her is worth more with a .

bigger payment yeah and could you .

then downgrading card and get something for six grand while you get out of date and upgrade later a year two from now? That's the kind of sacrifice that would get your family talking. They're going to, you see what they they sold her car and got this crummy little beater.

her car. What are they doing? So when dave says the words gazelle for when a lion shoots out of the brush after a gazula, gazer does not just sit around and like for a couple of months and like make a plan and like talk to the family, like you guys gna run, like i'm thinking about run in the goal, just started running for the life. And until you get that kind of intensity, brother, you're going have you're going to be two twenty two, you're going have a nine month old, you're going have a wife, you going be scared to death like .

you are right now.

can hear IT on .

you don't be nervous but you should be saying, like, I want you to get fired up on behalf of the world you're going to create for your daughter that you didn't have, which is a house that doesn't only body anything can you imagine?

Yeah is your wife even on board?

That would be my a .

one I don't give a rip that your uncle Larry is doing. I learned of your wife is willing to make the sacrifice is needed.

SHE definitely likes the idea of IT. And we've talked about IT and he makes me a little bit because like, I talk about that so much, my head spins and if I get involved, things like this and i'm excited, I said my head spins and it's like a burn out essential 16。 You know it's all no actual ford movie yet. And she's just to tell me last night as well, when you talk SHE wanted started, listen to the forecast and i'm getting to IT and see you want to talk about so we can really get a 样子。

I think you're to get on IT. Well, I think it's time to get on IT in teller in two weeks, someone of a thousand dollars. We have an emergency fun and we're going to stop using these credit cards and when we start knocking them off, going to list debt smalls to .

largest and get out of this mess. No more games, man. I'm a change what you call rate change this through off like two dogs cage.

You hear that exactly, right? There we go. Here we go. My son, he knows what to do, john is just, how would do you find the motivation to do IT? It's like, I love the idea of this rams planned that sounds so cool getting at a debt and then you just get paralyzed and you have .

to lose yourself the music in the moment you have just owit yeah no.

it's weird to think about like you really do have one opportunity to sees everything you wanted.

One a bottle opportunity just have to go for.

I mean, this one life, there's one crazy life you have. Like, would you capture IT? Would you let you slip?

No, yeah. You to lose .

yourself.

You go, go, go. S K, about and talking about IT.

go. Let go for a man dead. Freedom on the other side.

What are you waiting for? Tell your wife. Tell the kids.

Hide the wife. Hide the kids. I don't care.

Just follow the rains you planned and calls back in your debt free, and we will celebrate with you. my. And this is the end show.

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Welcome back to the ramsey show on George canon, joined by doctor john the loney open phones at triple, eight, eight, two, five, five, two, two, five. You know, john, over the years, we talk a lot about habits of the wealthy. Davis always said, you want to be wealthy, do what wealthy people do.

You want to be broke, broke people? That's Normal. So I thought to be fun to go through some of the actual habits so that people can identify where they at, whether or not they feel broken or feel wealthy.

If you do these habits, you probably fall into these categories. You ready for this. So here's what broke people do, payday loans.

We see these in h zip codes with lower incomes. You see these pay like old pizza urts. Lot of the time title max paid allows.

These are some of the worst. The interest rates, when you actually do the math, are astronomical. And that keeps people on a cycle of debt with the short term crazy high loans that interest rates average four hundred percent.

So IT keeps them chained a title loans. In other one, we mention that high interest loans that require a car as collateral because you have the title of the car, buy here, pay here car lots. You've seen that we told the note that's never a good sign cash advance, that's another term high interest loan against expected income.

Are you seeing a theme here? Rent to own. So again, they go well of at least be paying towards something. But most of these have crazy hidden fees.

And that might sound like a good idea, but IT praise on people who have poor credit and can't come up with the money. And then finally, the lottery. This is known as attacks on the poor.

It's a aggressive tax. And if you look at who's playing the lottery, it's not people making one hundred thousand dollars. It's people who can barely afford to cover the bills. And they're hoping with false hope this is going to be their ticket out.

So sounds like here it's it's a like what you just describe. If I was still like put a theme over IT is desperate. I got to get through today.

It's desperately just got to get through this afternoon. Yeah right. And if you are constantly waking up on a trend in love, I ve got to get through this afternoon. I got to get through this afternoon. There's planning people there there are ready .

to pray on you. Yeah, but here's the deal. Most people fAllen to this next category, which is average.

对， Normal. And here's what average people do. They chase credit card rewards. How many times have we gotten this caught? Well, I really you are spending so many brain calories chase these rewards.

And the companies love IT that you think you're winning, that you think you're gaming the system. Recent survey shows twenty three percent of people didn't even redeem the rewards in the last twelve months, and there's a reason I went away from cash back. Now it's well, you're gonna a begging an points.

What are those points? Ts, it's like a checker cheese. You've all these tickets I can even buy you you know, one of those little sticky hands.

It's different in the number of things i've bought for Christmas for people online. I get so many emails back. It's like you've never got five points with whatever shoes and five x point that what the next .

one of list is. What average people do. They buy new cars.

They they go just it's it's going to last longer. It's safer. It's more reliable for my family.

Just admit three years ago, I just admit that use cars are less expensive. You've already taken a hit on appreciation. You'll someone else do IT.

We know new car drops sixty percent of the value in the first five years. We know the average new car payment is now over seven hundred dollars a month. And if you're leasing a quark, you think that somehow or you're the dummy here, you're just renting very expensively and you're prepaying .

of that appreciation. You you're paying the dealerships appreciation for them .

on the vehicle. Hn, I want to do anything in insurance. Okay, keep telling yourself that, buddy. Next step on the list is heat locks.

We've seen a big rise and he locks over the last few years because people have all the home equity and they get marketed to and they say, hey, this is basically a credit card attached to the value of your home. You're not actually borrowing money. You're borrowing from yourself, john is a great plan.

And what are the calls we get? Hey, we're stuck because we have the heat lock on top, the origins and it's killing us. And most of these hilo cks have a variable interest, right? And you're putting your hommat risk in your family risk by doing this. And of course, the next one, this is part of the, you know, the americans do here we get the student loans to give a seventeen and eighteen year old hundreds of thousands of dollars for their business idea of getting this degree to hope, oh my god.

eighteen. And I didn't even see on the air when I was passed about when I was eighteen. I'm just glad I didn't get one hundred thousand dollars to pursue IT.

We shouldn't. If IT was a business, we'd all go at the bank. The end of this is a terrible business.

What are you gonna do with the sociology degree? Uh, the stuff don't do this. There's no way out. Two loans are not discharged by declaring bankrupcy. So you can't even get out of this thing to bankrupt the next one that we get.

A lot of this is a very middle class move, is buying whole life insurance, and that some dude from college is okay. Did you know this is what the wealthy do? They buy life insurance and they borrow against IT in its tax free.

It's a, it's a wealth hack. And I go to this guy just scam you into thinking that you should be investing three insurance. Think about how dumb that sounds that you're using your insurance as an investment tall.

It's super expensive and we know that term life is a fraction of the cost and you can invest the difference and be way Better off than giving a someone fat commissions. And then finally, buy now, pay later. This is what we see average people do.

I just saw this on a website, john. I said he was one hundred forty dollars for this, for this pyjama and an underneath that had the girl math of thirty six cents per night. They divided at that over a year and said, I will listen, it's just it's thirty six cents at night and if you wear at every night, I mean that you're basically making money off for that. So that is insane. What they're doing with by now py later with the marketing tactics.

I like this here. He says the average person asks, not, how much is that cost? They ask, how much is gonna me a month? And can I make this this pile of monthly payments? Can I can I make that less than I make? And people feel like i'm spinning less than I make, i'm living less than I like, then I earn when their payments all add up to that.

not the total purchases. That's right. Broke people ask how much down, how much a month? Wealthy people just ask, how much much? What is the out the door cost? What is the total? And if I can't afford IT today in full, in cash, don't do IT.

That's a sure fire way to be wealthy. So this is what wealthy people do. Number one, they don't pay interest.

We've said this, broke people pay interest. Wealthy people earn IT. That's what they are doing.

They're investing in assets h through real estate, through mutual funds, whatever that is. And that's giving the money. Broke people buy things that go down and value and take their money through interest. And so that is a big thing. The goals have assets, not liabilities.

And other thing wealthy people do is they buy used cars, even those that have the money to buy a new car in cash, and they could like that money on fire on the kitchen table. And I wouldn't mess with their world. They still go.

Why would I? Why would I take the hit on appreciation that if someone else and buy a four year old car, here's what our millionaire dy found, most millionaire driving hadas and toyota, not crazy electric cars, not lamborghini. Our millionaire me hour bx, this up.

So we might as well have those. I response red by toyota to reach out. Reach out next one.

John, this, this one will shock you. They pay off their mortgage. A lot of people think wealthy people know that you can invest the difference and become very wealthy.

So they hang into the mortgage for thirty years and refinance another. No, not what we found. They get rid their mortgage on average ten point two years a million, or study found.

And so following the baby steps, we teach, pay off your mortgage early. I don't care if the interest rate is nine percent or two percent. Getting where that payment allows you to build more wealth, which brings us the last one.

What do wealthy people do? They invest for the future. Eight and ten millions studied, invest in their companies, four, one k three, eight of four, investing outside of the company plan. They know that investing over a long period of time and said, a buying crap you don't need with money don't have is the key to building wealth. That's IT. IT sounds simple, but it's so it's so new ones because you would think that wealthy people just do what they want and they are not really intentional and that when you're broke, you have to be more intentional.

We found the opposite. Well, it's like it's I think the great life in this country is when they get to retire or so you can couldn't could do nothing. And I think people consider, well, I want to get enough money.

So I want to worry about IT and is not how works. And if I was to come up with the theme for the wealthy people, IT is they don't make other people rich, and they solve for peace. And so they, a wealthy person, he was want to ask why I want to be a billion nearby.

And I was to say, why for what? So you can sleep at night, okay, give your body the opportunity to uh to live in a home that nobody can take away from you, then you're go sleep right? Then you going to have peace.

And so they pay out their mortgage, they invest. They know that come what may, i'm going to be OK then no one could take my house. Now it's this idea.

It's y're thinking about tomorrow, not just this afternoon, this this afternoon, but if you solve for peace, not for credit card points or not, for the difference between my two point nine and saw for telling you, man, there's, you get wealthy for a reason. You don't get wealthy for the sake of wealthy. And I think our culture .

is missed .

that completely. Judge you, how are you. The number, the answer to that question is number one, number. And we always are like, okay, what you worth? What do you worth?

What do you worth instead? Why I do? I don't want, I don't care of my interests of my houses. I don't want anyone to be to take my house paid off right in. Wealthy people solve for different problem.

That's a good lesson right there. And if you want to see where you stack up, we have a free get started assessment. You can check out it's a quick quiz to see if you're on track.

Go check out the quiz is in the shown notes, the description wherever you're listening, and click on the title are you on track with the baby steps? Good stuff job. This has been the ramsey show.

I've been doing this show for over thirty years and some of the satis calls I have taken are from situations that are completely preventable .

yeah and what so hard as I feel like one of those, especially the ones that i'm like terrible air people that call in and their spells has passed away suddenly and they don't have life insurance when you have to think through how I GTA pay my bills middle next .

week yeah in the middle of .

all like it's just IT is it's terrible to life insurance is the one thing, especially as a mom with three little kids that i'm like so big on for people to get because it's inexpensive. Ander is the place that once and I actually get all of .

our life insurance and IT ander shops among a gazillion an different companies. IT doesn't call much. Just have to admit that someday you're not gna be here. You ve got to say out loud and you got to say, i'm going to say, I love you to my family by taking care of them and taking the time to put the stuff in place to costa stink and pizza. Get a free quote call eight hundred three five six forty two eighty two that's eight hundred three five six four to eight two, or go to sander dot com.

Live from the ramsey network. This is the ramsey show, where we help people build wealth, do work that they love and create amazing relationship. I'm George can will, joined by best selling author doctor john the loney.

And we're taking your calls at triple late eight, two, five, five, two, two, five. You call us up and we will give you the right next step for your life and your money sharing going to kick us off. And sacrement, california. What's going on? Shing.

well, I just had a quick question regarding transfering baLances to a hillock one and sure that's a good ideas because the interest right on the heat lock is lower than the credit card. So wanted to get me fit.

Um so what's the baLances on the credit card?

Um it's about twenty three hundred dollars.

And what's the baLance on the hillock?

Um about thirteen thousand.

okay. And what was the reason for both of these?

What do you use IT for? Um well the he lock um two years ago, um I had to replace my roof and I didn't want to refinance that a higher rate. So I got the he lock to replace my room from my house um and then the um the credit card on the water pumping my car possible but more than I anticipated and I had to prepare that about six .

months ago how long you've ve been living on the edge like this with no money .

for emergencies .

um all I heard .

pretty long time. I mean I have fifteen hundred in my savings, but um I didn't want to use IT four of the car. I didn't want to drain IT to zero. I was scared me.

scares me to be in credit or that at twenty five percent interest trying to transferred to a thirteen percent interest headlock.

Well no actually my headlock is at four point five and and my credit card is um at thirteen.

Okay, so here's the the hard truth is that the interest rates aren't the problem OK. You can pay off twenty three hundred box and the interest is gonna be .

negligible OK.

The harder thing we have to deal with is getting out of the cycle where we turn to debt and then try to move one debt to the other piece of debt to pay off the debt. I want you out of this cycle. Don't you want to be out of this red maze?

Oh, absolutely. I spent all last year pain of credit card. So I you know it's doing the baby steps before I know about the baby steps.

So what exact of transfering the baLance and paying the baLance transfer free to move IT to the heloc to hope to pay off the heloc? What if we just said i'm done, i'm going to pay off the card and then cut up the card. I'm not going to go on a credit card dead again.

I'm going to build an emergency fund and i'm going to get out of this, he lock and i'm going to start, uh, a maintenance sinking fun for all the things I know we're coming up. I want you to get ahead of this so that life isn't just happening to you. And that sounds like it's been that way for a long time. Are you doing this alone? Are you married, single?

No, I am divorced. I am doing this alone. And .

how i'm .

sixty.

What is sixty five year and want .

to be doing while six five sharing wants to hopefully retire and build a long ARM cooking business.

Oh, that one awesome.

So you want plenty of the time.

I yeah planning retired long or business to support my income because I know I won't have enough for one .

k retirement.

So what are you making right .

now about sixty five?

awesome. And what's your total debt other than your mortgage? The he like the credit card, everything okay. Well.

my longer machine, I still have thirteen on IT and I have thirteen on the he lock though, and twenty three on the credit card.

twenty three hundred on the credit card, thirteen hundred or thirteen thousand, thirteen thousand on the first one.

And what was that? Yes, the longer machine.

And what does that do? I'm not privy to this .

on your world machine.

So the longer machine puts the pretty pattern on the quill to to .

sandwich IT together IT was you thirteen thousand on the machine roughly?

yes.

What are you making from this business right now?

Um at the moment, nothing um only because the timing. My machine is not .

working correctly.

so I can't quote out of people's quote, and I don't want to ruin that close.

Oh boy, so you have a thirteen .

thousand dollar depreciating acid in your paper weight.

That doesn't work. Well, IT works. I just need .

someone to pay somebody to come out and fix the time and machine mean.

my honest. That is, if you want to have this dream where you get to do this one day, you might have to sell this thing to get out of the debt because I my guess is you don't have a ton of margin life over every month. Have you done a budget where you list out here's all my expenses, here's what i'm taking home. Here's what I have left to pay down the debt? Yes, I don't .

necessarily not much. Um so and what's the .

payment on this machine? Two sixty.

So you'd have an extra .

two sixty to throw out the debt, at least .

that'll help you get out of .

this credit card debt, which we will free up another payment. Do you see how this debt note all at work if you pay off the smallest debt first, which would be the credit cards, you'd free up a credit card payment. And if you sold the machine, you'd free up another two sixty.

Now we can use that to attack the he lock and be out of this debt. My guess is making sixty five get on a real solid written budget. You could be out of this death completely another year. So at sixty one were dead free by sixty two. We have a fully funded emergency fund, and then we're maxing out all of the retirement accounts we can for a few years so that we can retire dignity.

They were by a quilting machine with cash as hours .

and probably used on facebook marketplace from someone named sharing who said, hey, I can fix that. If you can fix IT, good luck to you. I'm selling up for five grand .

and you'll get a deal on IT. You'll buy the same exact machine back from your alter you at half the Price.

How is that OK?

The not the question you call in for, but that's the answer I would give to my own sister, mom or friend.

Yeah, you're talking to two guys who have moms in your age, Vincent and I can. Both of us are getting nervous right now. Thinking about our thinking about our mom in your situation.

because I want my mom to retire with dignity. I don't want to see heard struggling with bills as he enters retirement, wondering how she's gonna ends meet with no ability to working full time job. That scares me and it's IT.

I also want to acknowledge how heartbreaking IT is. This is not how you drew ed up, how you thought things were going to be. You're sixty is no, no.

And so I think instead of having dreams that we know we're going to put on a credit card here or move some money around here or get a credit out and put on a heloc here, I think there comes a moment when you sit down, acknowledge I did not, didn't not had drew this out. I had a rider die for whatever reason, my marriage fell apart. I don't know why.

Am to hear in secret. O I want you to have those conversations and get with a friend and grieve IT and then be intentional. And the word I used here is not to to mock anybody, your point fingers, but it's, I have to choose reality.

Here's reality. I really wanted do quilt. And right now I can't afford to do that because math OK. And I really want to be free when i'm sixty five. And that means i'm going to have to work really hard as sixty one. I don't want to be you don't deserve to be mom should be having their feet up at sixty one to play with grandkids and roll you know, mean and unfortunate, that is not your reality. So it's get there as quick as we can and let's go do the next hard, hard, hard things for sixty one and sixty two so that sixty five, seventy five, eighty five year old, you has a pretty sweet ride.

O, you can have to reverse engineer this sharing. And that's why I want you to envision that sixty five year old chairs and then say, what must be true to get there. And that might mean selling the machine for now, so that I can have a later with freedom instead of stress as i'm quilting. This is the ramsey.

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Well.

come back to the ramsa show. I'm George Cameron, joined by dr. tr. John alone, today's the last day of our extended cyber monday sale. And that means the last day you can get Prices as low as eight books on meaningful gifts for everyone on your list.

We ve got best selling hard cover books and assessments for just twelve box total money make over building an anxious life they get clear career assessment and more, plus all your books are on sale for just eight books baby steps millions res pay check the purpose on your past, change your future just eight dollars for the audio book there. And for the first time ever, my book breaking free from broke is on self for just twelve dollars. That's incredible and is a great gift for Young adults.

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And if you're listening on youtube podcast, just click the link in the shown notes or description. All right, let's go up to Caleb and portland up next. What's gone on, Caleb? You .

will yes, sorry. yeah. My my question was was warning. I've got here about you when we coming into personal center and i'm a new father. I just cannot want me to I set up my family but and make sure that you know I just I do the right things with that instead of looking back on a year, five years in the end.

But but that's wise. Um are you okay now? Has your health.

Ah i'm all right. Just a little shake. apologize.

No, it's good. I'm just wondering, are you you have ongoing health issues that you take care of? Do you need this money for anything related .

to the injury? No, sir, I am. Get free. I, I, I don't not at all, baby, someone need to. Finally, I know my .

grandma.

So you're .

dead free. So you kind of follow the plan already by accident.

yes.

So you have no debt. Are you guys running right now? Yes, sir. okay.

And do you .

have an emergency fund of three to six months of expenses?

No, sorry.

Okay, where are you at on savings?

Uh, I um I don't have any safe.

Well, congratulations, you will hear from now and I I here's my encouragement to you get emergency fund before you ever get this settled because you said you're you're going to get IT a year from now.

A roughly it'll be february of twenty six, okay?

So even more even longer than a year. So you need emergency fun now so that you'll be your next goal as to add up what IT takes to run your household for a month. Let's say it's five thousand dollars and you want a four month emergency .

fund that's twenty thousand dollars.

So how much do you make as a household?

I make, I think, forty years. I don't know. I was trying to figure that out because they asked me. I answered nineteen dollars an hour. So i'm not very so you .

get paid hourly in working forty hours a week. Yes, sir, and ninety bux. Yeah.

that's about forty grand.

okay. So your next goal is to go how much can we freeze out of this budget, aside from basic bills, to get that emergency fun in place so that then we can begin investing. And once you get that settlement money, now it's what can we do with this, maybe a start of a downs yet to buy a house one day. right. Is that a goal for you guys?

Um well, this is something that happened when I was in middle school and and that was always my thought. I was to buy a house, do not squander IT. Um but I as i'm not the financial gw, it's kind why I called you guys well you .

don't need to be a financial gu. You just got to a stay at a debt, have money in the bank to cover emergencies and then begin building for the future. And that would mean following the baby steps you'd be investing fifteen percent if your income into retirement accounts, you'd be putting money away for that down payment.

And when the time is right, you can get that house and you're twenty four. There's no rush to do any of this. But I want to put you in a position that you have options.

yes.

So I am going to send you my book breaking free from broke gonna, walk you through this whole process so that when you do get this money, you'll know what to do with IT because I can tell you don't want to squander IT. And as a new dad, i'm a new dad to IT changes the way you look at things. You're not doing things for yourself anymore. If you look at our purchases on amazon and target, it's mostly for the baby now. And so I love that you're looking at this from a legacy perspective and not just say you know selfish twenty two years old nuckles .

head perspective well that's that's been the last twenty four years and I get the next thirty years to not be selfish and take care of kids so I love IT hey you.

you're wiser than john and I were at your age.

I'll tell you that much. Man, I didn't know what date was. Twenty four men, so good. A good on you. Brother, so awesome.

yeah. I hope you you hear hopefully from that incident. So hang alone.

And we're going to have our from Taylor send you that book breaking free from broke cates up next in Alberta, canada. What's going on? kate?

Hi there. Hi guys. Thanks so much for taking my call. Um I ve I love learning about how to best to lize our money and nature guys help with something because i've been and IT around in my head with many different scenarios.

Um so my husband and I want to build a modest um lake home in our retirement but we are just cautious. I don't want to make a mistake or spend unwisely. So just a bit of background um my husband, I have had a few heart goes in life.

But now after putting our noses to the stone and established financial security, we think we've been in collaboration with our financial adviser. Um and so our financial picture looks like this is a little bit different. In canada we have R R S P for retirement dating and my husband has seven hundred and fifty thousand and hairs.

I have one hundred and fifty thousand in mind. Um um we have combined three hundred thousand dollars in our tacks free saving account. Um we have an extra one hundred and forty thousand dollars a up in cash, our primary houses worth four hundred and forty thousand dollars and that is paid off.

We have an addition. We have an additional rental house um that's worth about four hundred thousand dollars, but we have one hundred fifty thousand worth of market still on that. Um what I looked to earlier, I know this was a decision, but we were doing the best we could without a parental guide start our help.

We bought universal life um and so we have six hundred and fifty um that will be a payout uh on our death. And so thought moving forward, I just recently retired so as well as one hundred and fifty and um my R S P I have a defined pension benefit of three thousand dollars in mine OK. My husband fifty four.

And so i'm hoping because i've got to some some top help issues that I could um retire. And my husband is fifty six and he's looking at maybe working for a couple more years. And so our financial advisers really feel strongly that you know we are OK to be able to you know have some good d accumulation strategies and retirement and and we should have kind of a nice of the legacy at the end.

So what's the retirement home? Gonna.

about four hundred thousand.

And will you be paying cash for that?

Well, see, that's the thing we don't want. I have to figure all the nuances about R S S and taxi saving, but we don't really want to tap into that. So our our thoughts are that if we kept both of our homes like the one that we've paid off our primary home and we can use the rental act, uh, the rental income, uh, help boost our income and retirement, we could remortgage our rental property so that money.

kay, can be honest you I don't like remortgaging anything as you head into retirement that's adding risk and stress into your life. So here's what I would do is a short on time. I would pay off the rental.

And if you have the money and it's not going to destin ate your nest. G, you can build there a time at home. One day right now.

IT looks like you guys you're going to rent to a wonderful home for a few weeks as a vacation home. But I would not think four hundred grand of your neck that's a third to half of what you guys have right now. And i'm not super confident in this .

plan I want you to solve for peace. You have five thousand moving puzzle pieces in its exhAusting just listening to you trying to baLance this and move this over here and try this thing, try to solving for peace. How simple can we make this? How simple can we have the life that we want to live? Seek that option.

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Today's question comes from genre. And minnesota generates ts. A few years ago, my husband loan some money to a friend and also let a friend uses credit card.

He thought the person was trustworthy. But by the time we realized this, what this guy had spent, he ot us about fifteen thousand dollars. He pays back here and there, but only a couple hundred box every few months.

At this rate. Dom worried this guy doesn't actually intend to pay us back the full amount and is only paying occasionally to keep us happy. We recently fun out.

He had taken advantage at least two other people as well, and still owes them also. Are there any legal measures we can take that won't cost us more than its worth? Walk away. Genre.

this is what we call a stupid tacks.

Fifteen thousand dollars, stupid tacks. It's a heartbreaking tax. I say, I thought you were a Better friend tax, but walk away. You are expanding way more emotional, relational, psychological energy over this.

And he is and so it's it's like that old AA added your drinking poison every morning, hoping that he gets sick and dice. It's not hard work. You everyone gets sick, you and your husband wash your hands of the same block.

This guy on social meeting go about your life and just know we're never going to loan friends money again. We will give our friends money. We will give a to all the time generously and recklessly, but i'm alone any money because that puts IT, puts a IT just puts a huge wedge between us in our relationship that's IT.

So I I don't think this is worth going to judge duty over to some civil court to try to get the money back. As my guess is he doesn't have IT. He's not secretly holding hundreds of thousands of dollars and know you learn a lesson here. You lost a friend over this and IT wasn't worth IT and he did this to other people and the fact that he couldn't use his own credit card because he was doing that bad financially, that you would lend him your credit card, that's asking for fraud. And the problems is not fraud, because you willingly gave this guy this money and loan IT to him.

Think this in court, the judge going to say, let me see the contract. You say we don't have one, what are the terms ell agreed on for when he pay back? We don't said when he could. And did you still .

steal your credit card?

Now I gave into the room. I don't think he's going in fifteen grand. Did you tell doll spent fifteen grand? No, so it's one of those things that IT IT IT defies the implied social contract we will have with each other, which, just to treat each other with dignity, respect, you guys got spit in the face, and I hate this for you.

So you can just sit there was spit on your face, getting mad at him and mad at him. Or you can clean up and go about your life and just know like that alone is we don't we don't learn money to friends or give money. They long might alone. I, because IT creates A A wegen al relationship, my friendships are too viable to me.

How to percent .

somebody who says, hey, can borrow some money and you say, hey, we don't. We don't earn money to friends and what's going on? And they launch into you will screw you or who do you think you are? They aren't your friend. They are not your friend. They want to use you as a .

bank you were to upon in their scheme.

Yes, you are a means to an end, and it's a good limit test of your relationship if your friends pisa on about your boundaries. So, sorry, jena, but I would, in your husband would, as the great J. Z says, brush shoulder off and move on. I would .

thought you're going to go outside. Let IT go. Total thousand. And all right, fine.

It's fine. My kids are older than yours.

Alright, just that is up next in oklahoma city. What is going on?

Justin? hello. Yes.

i'm Justin. I'm currently eighteen .

and i'm attending college for a cybersecurity degree with a full ride come. So I got a job offer for, uh between fourteen twenty yours hour back in my hometown for full time. So hiring that about fifty two thousand years um with overtime included because it's fifty hour work weeks time is at a would be a Operation technician for a bit mining company um and well that can see sketched. They contacted me through my trade school and they have a good history with my trade school. So i'm just wondering how much of a salary would would make IT worth IT for me to drop out of college?

How far a longer you .

in your program .

so I attended a concurrent degree when ever I was in high school. So thankful I am three semesters into my program out of eight.

out of eight. Man, I I might be on an island here, but um if you were my son, I would tell you you have a Willy want a ticket which is a free ride to college education. I would take that .

ticket for a great degree.

for a great degree .

in the money you'll be making in cyber security. You're gonna like, why did I leave all this for a fourteen dollar in our job for a bitcoin company, which a, regardless of my thoughts on bitcoin, is very voluntier. And so this company could go wonder, and they could say, hey, man, we shut down Operations yesterday.

You don't have a job anymore. And so I would continue down this path if bitcoin really is what everyone says IT is, it's gonna around a long time. And if you are qualified at eighteen, you're going to be very qualified by twenty two. So I would keep pursuing this path of cyber security, knowing that you're going to make six figures upon graduation, working for a reputable company with great benefits. And I would pass on this job right now.

Yeah and you're going to have a certificate. You're going to have a credential that no one can ever take from you, the credential plus the training. And I think that's inviable.

Let me tell this. Can I just can I applause you? Eighteen years old and someone's come out of the gate, often new forty grands, to walk away from everything.

You know what that tells me? You're in rare air, my brother. That means you work hard.

That means you're very smart. That means you get your stuff turned in on time. Your grades are good. That means they've all they are already identifying you in was hard when your eighteen is when somebody sees you and they in and you feel seen, you feel known, you feel so good, that is easy to get derail ed in its the eighteen year old with wisdom that say, O, K, if I if I got this at eighteen just imagine any people going to be knocking on my door when i'm tony and i'm fully credential and you're gonna zero none, no student debt because the schools pain for a man full ride it's a really want to take a rather you won so I I could tell I work a colour students from whole life but more than that, i'm just tell you what I would tell my son, which is write this out, get the education, get their credential. This is a valuable degree. You will only get more valuable over time and these these jobs at bit when at me, you're going to have jobs lined up for you. So that's my recommendation.

Thanks free. Congratulations.

man. I IT does my heart good to know, like you're build of the infrastructure that my kids are going to grow up in. Man, and i'm god to know there is Young people out there are like you out their bus in IT um working hard and making their grades do .

that's that's awesome. That's huge. And just there's a lot of you know students out there seven, eighty years old and they're going what the heck I supposed to do with my life? I'm getting this degree because I was told that was the next right step I take out of high school.

And so you've got also wear your options. Here you go. If if Justin was getting a useless degree that he wasn't excited about, and his parents just said, you have to go to college, do something and he was just aiming at nothing in spending fifty grand a year in debt to do IT.

We we'd probably say, I do pause, go work, go to the job, making forty grand a year cash flow college later when you know you want to do this was different. Where he's going on, he's in a great field. Sounds like he knows what he's doing is excited about cyber security.

stayed down the path. No, get get distracted. yes. And IT, it's just that understand that the jobs will come, the jobs will come. The jobs will come.

Yes, if you find yourself, your parents are saying you could not be a doctor and you just finished your first semester r and college and you hate that, you hate, you hate OK m and you hate biology. And somebody comes long as I pay to come home, take that job, right? And that's a great situation to figure out what's next for you. But if you're on the path and someone tries to, in that same field, get get off the paths early, the discipline thing is to stay on the path, right?

And I checked a lot of boxes for me. He was a full ride with a great degree in other side, and he's already three semesters in. Young guy already has collapsed some credits here and there.

So I feel like let's ride this out and see where IT goes. My guess is four years from now, he's not looking back with the progress that he didn't take the fifteen dollars job. He's oh my goodness.

i'm doing what I love one. Yes, exactly.

I would aim your site tired when your smartest Justine is. So thanks for the call. This is the rainsy show.

It's cyber monday week, and if you're looking for Christmas gifts that actually make a difference, we've got to get best selling books like breaking free from broke baby, step millionaire and more for just twelve dollars or audio books for just eight books. Now your chance to give something that'll help your friends and family build wealth, transform their relationships and find work they love, visit rami solutions don't com slight store today. Ramsey solutions not come slash store.

Welcome back to came joined by doctor john alone, open phones, triple, eight, eight, two. Well, that time a year and a few weeks were going to be doing a special giving addition of the ramsey show day. Rams and I will be hosting that one.

And we want to hear stories from you about how you have given generously this season, maybe a tip to way to us, a hundred box you bought thankful ving dinner for a family who couldn't for one, maybe you bless someone a need by giving my car, or maybe you have been on the receiving IT and had your life changed by someone who who has given generously to you what we want to hear that story. Go to rams y solutions dot com slash ask A S K and put giving in the subject line and these luxury com slash ask for giving subject lines. One of our favorite shows, it's coming up on december eighteenth.

Start sending in your stories so we can celebrate living like no one else so that you can give like no one else. And if you didn't know this hour of the show when IT ends, you're gonna ss out. If you're not over on the rainy network APP what we're doing a whole another hour.

The ramsey network APP is the only place to get full episodes of the rami show. You can download IT for free using the link in the show notes or by searching rams in network in your APP store. If you're on radio, stay tuned, the show will continue. But if you're on youtube or podcast and anyone else don't miss what's next, finish the show in the rams in network APP.

They also just rolled over the my show, the doctor john show, heard with video on the network up. So now it's the place to be IT where the parties at you.

can you show a week in advance .

before IT launches out in the real world?

You can tell you your friends like wait but I get IT early in the where you've been .

yeah it's kind of the all flex is .

to be on the don't be late to the party. I don't even get invited to the .

party let on late you get one .

day Stephen and san antonia up next. What's gone on, Steve?

Yes, thanks, mate. I'm talking about.

And here is all from the hospital or their vendors are a ambuLance service. And it's really for somebody myself doesn't really know that much about how about the high test world? It's it's bothering me. It's messing with my head yeah and just want to know if there is an easy way to get to you know take yourself out of the system some kind of way.

When you say bomb boarded, sometimes when I get nervous or frustrated in the world I don't understand. I'll say bomb barred on bana, but actually it's like two or three. So how many letters? I mean, how many how many .

times have you been the vitium of .

a five times OK? And it's like a hospital or E, R, like that .

is hospital. The vendors start hospital, you know, and more than one hospital. And then and then this evidence service latest and the only reason they they took me on the in twenty 身份证 as long o .

these emails， text, phone calls, how are they contacting you?

Letters, letters.

letters in the mail. Alright, yeah.

Sometimes those letters just say, hey, a big block of things got exposed IT doesn't even mean anybody took in anything um IT means somebody hacked into a thing. And they may have gotten ten names, but there was ten million names in their and years was one of the ten million. So I can be pretty confusing. Um i've got a couple of routes for you. Here's a thing getting corton code out of the system at this point and you're talking to a guide that spent my whole life trying to avoiding .

being on the internet. John, as a privacy nerd.

I am it's a game for me.

I don't even know that this real name is john.

It's for sure not it's daro right. But so I don't I I have tried to opt out. I i've recently relented.

There's not a way out. And so I think the things to do is to protect you. So there you go.

So two things that I do and that in georgia too um is when I work with the company called delete me and you go to delete me or join delete me 点 com。 J O, I N delete me. Dom.

ash.

flash, wow. wow. But here's a deal. They go through and pull all of your anything on the dark web where they're selling your like scammers and scams and people trying to steal your data.

They pull IT all off the internet and they send you a report every month. It's pretty amazing what they do. The second thing is to get identity theft protection from our friends is ander.

I've got IT, George has IT, and it's really inexpensive in the rare case that you get your identity stolen and even money stolen, money is to take out of your account. It's very rare if that happens, that happen to George ones you never happened to me. If if IT does happen.

um they ve ve dolen fund recover.

they go chase IT down for you. So so in a world like i'm like human and I don't know how any other stuff works, I don't get IT if you told me to log into the dark and we know that that I know how twitter works, right but um I trust these folks that if something does happen they're gona chase IT don't help me out so those are the two ways I protecting me in my family .

right now we will make sure to get you .

the links a hang on the line. But if you got to join delete me dot com slash ray, you'll get twenty percent off their plans and the affordable we're talking like nine bucks a month, Steve. And then same with and I D th at very affordable about the same Price. And they do two different things, but they're both wise to have in order to give you piece of mind for that twenty box of months you're spending for all this. You're gna sleep Better at night and i'll tell you and adult Steve, i've got a lot of much fewer text messages and phone calls and spams in signing up for this.

right? Well, I was thinking about the given, uh, turning my money to go and bearing IT.

No, don't do that.

The banks are not the issue, Steve. So keep your money in a bank is much safer there. If it's F, D, I, C, insured, which most banks are using, are going to be same with your savings accounts. I would not put this money under .

a mattress or in goal. Don't bear in the .

heart although think IT it's say.

sure.

that's one account. Yes, you can also get some these highest .

savings accounts that have role of a protection that they they move your money around to multiple banks and there can be millions and millions. My higher savings account has millions of dollars in F, S, C. Protection on IT.

So okay, so I guess but you might let just assume that what I had to go buried up here and and I took a once deal out and once out one ounce of old and took him back, turning their money. How does the test .

this when you buy gold .

or when you convert .

IT to money? What turning go back in the currency? I like that point in the transaction there. When do I did they get IT initially at what .

I don't know, the tax ramifications of selling gold and turning IT .

into dollar yeah from your yard I don't know, man. Yeah my guess would be at some point you'll have to report a commodity sale as income.

You're you're just it's like me go on a london and and getting some pounds out of my dollars, you're just converting IT. So I don't know that one. The google, Steve, if you can do that. But as far as your safety goes, a goal is not onna keep you any safer than having your money in the bank?

Yeah my guess is on money. If you got money and then you bought gold bird in new yard and then you took that gold out and converted IT to cash, you would have probably already been taxed on .

that money when you got at the first time erman. Two, when the money over the just because because they guarantee much if IT doesn't mean it's what think .

that's right. That's right. But i'll say this a great friend of man who is a is a bank executive said the best we can do is the next right thing and we can plan. But if we spend our time trying to avoid media rights, I don't have a media right plan.

If suddenly the united states is not able to ensure its federal depots in the banking system collapses, the gold that i've buried in my backyard will be worthless because my neighbours is going to come over and try to fight me for my water. And so what happens? A lot of these, these, these stupid commercials come on these news channels.

trying to sell you end of time hedges.

And the end of time hedges don't work. The greatest head you have against the end of time apocalypse is to be really closely connected to your friends and neighbours so that everybody can work together.

not to have, I really is, the government was more possible. But in this situation where we have to be so concerned about.

I know, but the next thing is very responsible if.

and they just isn't the case, they spend money like a school on out style. So and Steve.

by google that checked this out, there are reporting requirements for gold sales, and you will likely have capital gains tax if you money off IT, you want to get third form eighty nine and forty nine and schedule d, there you go. There is a nursery for the day you're looking to sell some gold. Well, not how I expected to end this hour.

john, but we did IT. This is love my job.

the rain show.

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