Freedom Comes After the Hard Decisions | February 2, 2026

What this episode is about

The discussion centers on navigating significant debt, specifically a caller's overwhelming financial obligations, including $137,000 in total debt split between the IRS and personal loans. The hosts provide insights on prioritizing debt repayment and the challenges of tax liabilities amplifying financial stress, emphasizing the importance of making informed financial decisions to achieve freedom from debt.

Key takeaways

• Making more money shouldn't trigger tax panic; it's only the income above each bracket that gets taxed more.
• Just like your car's speed, debt can accelerate if you don't manage it. Stop letting the IRS drive your finances!
• You’re not broke if you earn $220K; you’re just misunderstood by your tax code. Get a better grasp on withholdings.
• An audit can haunt you like a bad horror movie, but learning from it is the plot twist that leads to financial freedom.
• If your finances feel like a merry-go-round of debt, it’s time to get off and find solid ground with budgeting.

Who speaks in this episode?

• John Deloney (Host) · 1 h 17 min speaking
• Jade Warshaw (Host) · 38 min speaking
• AJ (Guest) · 13 min speaking
• Renee (Guest) · 13 min speaking
• Amanda (Guest) · 13 min speaking
• Bridget (Guest) · 13 min speaking
• Zayn (Guest) · 13 min speaking

What is discussed, and when

1. 0:00 – 15:00: Jade Warshaw, John Deloney, Every Dollar, Christian Healthcare Ministries
2. 15:00 – 30:00: Guardian Litigation Group, Nashville
3. 30:00 – 45:00: John Deloney, Jade Warshaw, Mama Bear Legal Forms, Xander Insurance
4. 45:00 – 1:00:00: Fair Winds Credit Union
5. 1:00:00 – 1:15:00: GCU, Western Governors University
6. 1:15:00 – 1:30:00: John Deloney, Jade Warshaw, Fair Winds Credit Union, Nashville
7. 1:30:00 – 1:45:00: Dave Ramsey, Baltimore
8. 1:45:00 – 2:00:00: Every Dollar

Notable quotes from "Freedom Comes After the Hard Decisions | February 2, 2026"

• Transform your life. From the Ramsay Network in the Fair Winds Credit Union studio, this is the Ramsay Show.

  about John Deloney · at 0:17

• Panic. Most health plans lock you out for the year if you didn't sign up by December. But Christian Healthcare Ministries lets you join anytime. CHM offers a simple…

  about Christian Healthcare Ministries · at 9:03

• And that's why I recommend Guardian Litigation Group. Guardian's not a call center. They're actual attorneys who can step into the courtroom and fight back when creditors try to sue you. Now look,.

  about Guardian Litigation Group · at 20:29

• Was set up my will through Mama Bear so that my family was protected in my new state. Mama Bear will help you make a clear, legally valid will in about 20 minutes. They provide…

  about Mama Bear Legal Forms · at 32:07

• And the Ramsay personalities in the Western Caribbean. Share your story with Dave, swap jokes with George, sing karaoke with Jade, and play pickle ball with Ken, and more. If…

  about Jade Warshaw · at 33:06

• Years, they need an ID theft protection plan. And the only one I've ever recommended is from Xander Insurance.

  about Xander Insurance · at 43:23

• Budget and every time you use it, it's a reminder. You control your money, not the other way around. Fair Winds Credit Union is for people who are serious about taking…

  about Fair Winds Credit Union · at 53:36

• >> Well, that's awesome. But I think personally and Dave and I have talked about this over dinner before multiple times. I think the magic of the baby…

  about Dave Ramsey · at 1:33:30

Who and what is mentioned in this episode?

People

• John Deloney — Person · Host / main speaker · 4 mentions · first at 0:21
  Leads the episode’s call-in coaching, framing money problems through behavior, identity, and relationships while applying Ramsey Baby Steps guidance.
• Jade Warshaw — Person · Co-host / Ramsey Personality · 5 mentions · first at 0:27
  Coaches callers alongside Deloney, emphasizing budgeting, debt payoff tactics, and practical next steps (e.g., selling cars, increasing income, cash-flowing goals).
• Dave Ramsey — Person · Referenced host / founder figure · 2 mentions · first at 33:04
  Referenced as the flagship personality of the Ramsey ecosystem (Ramsey Show, Ramsey personalities, events). Serves as authority anchor for the Baby Steps framework discussed throughout.

Companies & orgs

• GCU — Company · Case study · 1 mention · first at 1:11:59
  Online university discussed as an expensive option for education.
  >> Hi. Yes. So, I am currently enrolled in an online class at GCU. I'm studying for education and they have me with they put so for my account they linked it with like the.
• Western Governors University — Company · Recommendation · 1 mention · first at 1:13:26
  Online university suggested as a more affordable alternative for education.
  >> How much cheaper is that one?

Concepts & topics

• Baby Step 2 — Concept · Strategy · 4 mentions
  Part of the Ramsey Solutions' financial plan focusing on paying off all debt except the mortgage.
• Chapter 7 bankruptcy — Concept · Key argument · 1 mention · first at 10:34
  Discussed as a financial strategy for dealing with overwhelming debt.
  So I recently filed for Chapter 7 bankruptcy and in the process my car was re repossessed. So, right now I only have $1,400 to my name. And I'm trying to figure out if I should use this check.

Places & events

• Nashville — Place · Setting · 3 mentions · first at 21:45
  Location where the podcast is recorded.
  Welcome back to the Ramsay Show in the Fair Winds Credit Union studio. I'm John Deloney joined by bestselling author and wonderful human being Jade Warshaw taking your calls on money, life, your.
• Charlotte, North Carolina — Place · Setting · 1 mention · first at 0:38
  Location of a caller discussing financial issues.
  To call in live. Let's go out to Charlotte, North Carolina, and talk to AJ. What's up, AJ?
• Virginia Beach, Virginia — Place · Setting · 1 mention · first at 10:25
  Location of a caller discussing financial issues.
  >> >> All right, let's go out to Virginia Beach and talk to Renee. Hey Renee, what's going on?
• Las Vegas — Place · Setting · 1 mention · first at 1:27:19
  Location of a caller discussing financial issues.
  Fair Winds Credit Union studio. I'm John Deloney joined by Jade Warshaw taking your calls live. Let's go out to Las Vegas and talk to Stephen. Hey Stephen, what's up man?
• Baltimore — Place · Setting · 1 mention · first at 1:36:46
  Location of a caller discussing financial issues.
  >> >> to Baltimore to talk to Catherine. Hey, Catherine. What's up?

Sponsors

• Every Dollar — Product · Sponsor · 7 mentions · first at 0:05
  Budgeting app promoted as a tool to help manage finances and pay off debt.
  Brought to you by the Every Dollar app.
• Fair Winds Credit Union — Company · Sponsor · 5 mentions · first at 0:19
  Financial institution offering banking services and tools for budgeting.
• Christian Healthcare Ministries — Product · Sponsor · 1 mention · first at 9:07
  Health cost sharing ministry presented as an alternative to traditional health insurance.
• Christian Healthcare Ministries — Company · Sponsor · 1 mention · first at 9:07
  Health cost sharing ministry presented as an alternative to traditional health insurance.
  Panic. Most health plans lock you out for the year if you didn't sign up by December. But Christian Healthcare Ministries lets you join anytime. CHM offers a simple…
• Guardian Litigation Group — Product · Sponsor · 2 mentions · first at 20:29
  Legal service recommended for those facing debt collection and lawsuits.
• Mama Bear Legal Forms — Product · Sponsor · 2 mentions · first at 31:30
  Online service for creating legal documents like wills.
• Xander Insurance — Company · Sponsor · 2 mentions · first at 43:29
  Provider of identity theft protection services.

Full transcript with timestamps

0:05 Brought to you by the Every Dollar app. Start budgeting for free today. Normal is broke and common sense is weird. So, we're here to help you transform your life. From the Ramsay Network in the Fair Winds Credit Union studio, this is the Ramsay Show. I'm John Deloney joined by best-selling author, great human being, Jade Warshaw, and we're taking your calls on money, work, life, all of it. 88255225 to call in live. Let's go out to Charlotte, North Carolina, and talk to AJ. What's up, AJ?

0:43 >> Hey, how's everybody doing? >> We're doing all right. How about you? >> Uh, I definitely need help. Um, I have over 170 well 137K in debt and I have 66K with the IRS and I have a extra 70k with um personal um debt including cards, credit cards and student loans. And my problem is what me and my wife every year we make more money we owe the government more. And with the 65k that we already owe the government, the interest piles on every month. And I'm at a crossroad because I don't know which one should we start with first. Should it be the IRS or should it be the personal credit? Because every year we go up and bracket with our income, we owe a extra 8,000 that's added on to the debt that we already owe with the IRS. So, it's kind of like it's a >> Well, why aren't you paying your taxes?

1:49 >> Why does it have to keep going up is what I'm saying. >> So, Oh, yeah. So, she's a RN and I have two jobs. >> So, during that process, um I say when we was 23, um had somebody jeny do our taxes and we got audited. And since we got audited, it's been a ongoing cycle for the last five years of us not getting ahead of the IRS. >> I understand. So why is it that um Okay, let me go back and answer your first question. Yes, IRS debt needs to come first, but going forward, you need to be paying your taxes. And what I don't want to hear you say is that the excuse is we're making more money. It's a good thing to make more money. You don't want to make less money. And if your tax bracket creeps up, it's only for the percentage more that you're making. It's not for your entire amount. Now I'm

2:41 being taxed on. Do you see what I'm saying? It's just the the the amount over that bracket that you're being taxed on. So I don't that's an excuse. I don't want you to keep leaning on that. It's a good thing to make more money. What needs >> I >> what needs to happen is you need to look at your withholding and find out why why is your why are you not paying enough taxes that you're owing so much at the end of each year and it's stacking up on you. Does that make sense?

3:08 >> Yeah, that definitely makes sense because uh she's Armen and I'm in uh supply chain. >> So um she had >> W2, right? >> Yeah. But then we found out one of her jobs as a traveling nurse, it wasn't a W2. So that was >> But you didn't know that until after the fact. >> Hey, that's what she told me. That's where we went to. >> Okay. Okay. >> And I was like, what? One year uh we owe 15k.

3:35 >> Yeah. >> And like I said, and we pay every year and we wait till October and then it's just like when we file again, that same 8,000 we just paid, all right, is going back to this year. So I went and got another job as a manager working night shift and that's an extra 60k and now they put us over 220 and now we both like we don't have no dependence is just like how can we get off the IRS train. >> Yeah. So the making let me go back and say it again. Making more money is not the problem. Making more money if you're making $220,000 a year uh married filing jointly great. Woohoo. Like that's great. You're rich, brother. You're rich.

4:18 >> Thank you. >> You're rich. >> The problem is, yes, you got into some hot water in the past. If she was working as a traveling nurse, she was probably bringing in some nice cash and you weren't paying taxes. Uh, that's that's that's what got you into trouble. What you need to make sure is going forward, what is the tax status of both of you? Are you on the hook for your own as a contracted individual or are you W2 and your employer is is paying such? So, knowing that going forward, I think that you guys can sit down tonight and figure that out. Let's talk about how to tackle this debt. IRS needs to come first. Is it 65 or 56? I feel like you said both.

4:54 >> No. So, it is uh 65,296.58 right now. And every month, you know, the interest go up, >> right? So, let's pay fast enough to where you're paying more towards the actual amount. And I want to know, have you sat down and made some sort of a payment plan with them or are you just fighting for your life? [clears throat] >> We made a uh payment plan with them. We don't own a house. So, like I said, it's just pretty much our W2s. And we uh pay $1,100 a month to them.

5:28 >> Okay. You need to at $220,000 a year. >> Triple that. Yes. Quadruple that. >> Is there is there anything to say and I I'm using round numbers here. I'm not thinking about. Is there anything to say, hey, we make 220, let's live on 100, whatever that is after taxes. Can you do that in Charlotte? >> No, because you got a car and uh that's a,000 a month, too. The car >> your car, how much is your car worth? >> Car worth is uh 50K.

6:00 >> And what do you owe on it? >> Uh 50k. >> Okay. So today, this weekend, I love that it's the weekend, John, because he's going to stroll right on down there. Yeah. And you're going to sell that car and then you're going to find I don't know with this next check coming up on the 15th cuz most of us get paid somewhere between the 1st and the 15th or the 30th and the 15th, you're going to take $4,000 and you're going to buy a beater.

6:26 >> Oh, you were generous. I was going to give him three, >> but four. >> I have a question though. How how did that works with my credit? because I just got the car last year. So, >> does Dude, you're playing all these crazy games. Like, you're never going to get off the IRS train. You have to pay taxes. If you make money in any country on planet Earth, you pay taxes. And so, >> no, I was saying about the cars. >> I know. I'm just saying like you're going to have to pay taxes. When it comes to a car, like, dude, you should not be worrying about your credit score and all that nonsense. You're way in the hole. Sell the car. It doesn't matter.

7:01 All your credit score is is your it is a it's a dating game for you and debt. >> Okay, >> that's it. So, if you don't have any debt, you don't have a credit score. Nobody cares. Nobody It doesn't matter. >> But what I'm trying to tell you is you're playing these other game like, "How do I get off of this? How do I get off this?" You got to go straight through the middle of this debt. Sell the car this weekend, dude. Buy a $4,000 car. And you're going to be the only dude making a quart million dollars in your neighborhood driving a $4,000 car.

7:26 And you're going to be the only dude in your neighborhood in a year or two who's completely free. M. >> You get what I'm saying? >> Yeah, I like that better. >> Yes, >> definitely. Yeah. About the personal credit. Worry about that later. Right. >> I think if today don't even worry about it because it's not doing anything for you. It's playing no role in this. The only thing it's done is gotten you in a heap of trouble.

7:54 Think about it. It got you in a car you can't afford. >> You're not b You haven't bought a house. You're a renter. Your credit has it. It's It's the least of your worries. >> The government's taking money out of your check, dude. >> Yeah. >> You know what I'm saying? >> That is fact. >> Yeah, that is fair. >> What is your takehome every month? Like, what do y'all bring in?

8:14 >> 13,000. >> Good grief, dude. Figure out how to live off of six. And that's being generous. and take the other $10,000 a month and get this thing paid off in six months and stop owing the government money >> and then get on with your debt. Jade, what am I missing? >> Um, I think he's just been majoring in the minors. >> So, it's time to focus on >> stepping over $100 bills to pick up nickels, as Lane Norton says.

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10:24 >> >> All right, let's go out to Virginia Beach and talk to Renee. Hey Renee, what's going on? >> Hi, how are you >> doing? Great. What's going on? Um, so I recently filed for Chapter 7 bankruptcy and in the process my car was re repossessed. So, um, right now I only have $1,400 to my name. And I'm trying to figure out if I should use this check to pay like the back fees to get the vehicle back or if I should just try and buy a vehicle in cash or a buy here pay here.

11:04 >> Oh boy. I'm sorry that you're going through that. So when they took the vehicle, have they have they already sold it? Is there already a deficit for it or what what have they told you about it? >> The vehicle right now is still on hold. So, I'm still able to get it reinstated. Um, but it would eat up that entire um cash amount that I have. [sighs] >> Okay. Um, is it just you? Do you have kids? Tell me more about your living situation. >> Um, thankfully I do not have kids, so I only have to worry about myself. Um, my job is fairly flexible. Um, but I do rely on my vehicle for my job. So, it's hard for me to gauge what um how I should invest or what the budget should be.

11:50 >> Okay. What do you make? What is your monthly budget? >> Um, I make about 3,000 a month. >> Okay. Okay. So, you need the vehicle and it's going to cost What's the exact amount that it's going to cost to get it back? >> Uh, roughly $1,400. So, it's the it's everything. Yeah. And what I mean obviously what I guess my question is what's changed in your situation because I what I'd rather do >> is maybe take this $1,400 add a little bit more to it and get a beater because what's changed about your situation that you'd suddenly be able to afford this vehicle is basically what I'm getting at.

12:29 >> Yeah. Um I guess nothing really has changed. I had attempted to put some payments towards the end of the loan and so I'm already kind of in a deficit as is. Um, and right now I guess like 1,400 is impossible for cash. It's mostly like vehicles with parts. So that's kind of where I'm struggling as far as what budget would even be wise to look for. Um, >> but but let's say you blow all your cash and get this thing back. You have no emergency fund. You have nothing. You just get this car back.

13:06 >> What in your life changes that says you're going to be able to make the payment next month? They just took it from you because you couldn't make the payments. >> Exactly. >> Yeah, that's true. >> What's the vehicle What What's the vehicle worth before they took it? What? >> Um, it's worth $10,000. >> And what did you owe? but with um like 10,500 and when I looked at the total loan it said I would end up paying 20,000 and the only reason I've been so attached to it is because it's a Toyota and I know they can last a long time so I guess I'm sort of afraid of that.

13:44 >> What was the payment before all this repo business? >> 336 a month. >> Okay. So, we were struggling to pay 336 a month. Now, I know you said you filed chapter 7. Has that already gone through? Like, what is what's that look like for you? What's the payment? Is there a monthly payment that you're making on everything or did they just take everything? Tell me tell me where you're at in that. >> I just filed. So, they took my vehicle on Thursday and then or they took my vehicle on Wednesday. I filed on Thursday and now they won't release it to me.

14:18 Well, what what's what's your financial picture that you had to file bankruptcy? >> Oh, um, so mostly because of my job, it's contract work. So, whenever I am working, it's based on clients and we've been having issues with insurance with United Healthcare dropping people. So, it kind of fluctuates. So, when I say like I make 3,000 a month, that's really just an average. >> That's all I'm asking. How much do you owe? >> Yeah. When you file bankruptcy, usually you have a bunch of debt that you're trying to clear out. So, we're trying to find out what what debt did you have and where did it come from? [snorts] >> Oh, it was mostly credit cards. I had probably around $60,000 in credit card debt. I have 90,000 in student loans, 10,000 on my vehicle, and then I also

15:04 had a $20,000 personal loan. >> Okay. So, the student loans remain. And so, what was cleared was the 60, the 10, and the 20. Obviously, they took the vehicle. So, when you file, they were going to take the car anyway, you know, like that that was going to happen anyway. Um, so you still got the $90,000 of student loans and now you just have no car to get to work, >> right? Is that where we're at today? >> Yes. >> Okay. So, I I stand I stand by what I said. I I think they probably took this car. Yeah. They might come after you for a deficit, but I don't think the solution for you is to go back to paying a car payment. I think the solution for you is to go, "All right, I've got 3,000 bucks that I make a month. I've got to work like a crazy person, even if I need to take the bus for now, and I need to

15:53 stack up like 4,000 bucks. I've got 14,000. Let me see if I can double that." 1400, I'm sorry. Let me see if I can double that very quickly. There are $3,000 beaters out there. Just so you know, the car that I drive, it's a Cadillac SRX to 2013. It's worth $1,500. I've just had it for a really long time. If I sold it today, whoever bought it would be getting a steal. >> But that's what it's worth. >> Well, if you're out there, I'm buying.

16:19 >> I'm just letting you know they're out there. So, don't >> you have to look for them, you know, but >> private dealer probably private sale Facebook marketplace. Go to a church. Say, "Hey, is there anybody here selling a car? I'm in a bad jam. I mean, I got 3,000 bucks. who can sell me their car, right? And I think, you know, Yeah. Look for a Toyota, look for a a a Nissan, look for a Honda a Honda. Don't get a HHR. >> And hey, what?

16:44 >> Yeah. Or a Square Kia with one button that goes just plays house music. Hey. Uh Okay. So, what do you do for a living? >> Um I'm a mental health professional. So, I work with the youth. They're in home and I help them before they go into like a facility or foster care, something like that. Are you licensed? >> And then I also >> Do you have LPC or an LMFT or something? >> I'm working towards that. No, right now I just have a QMHP, but I'm I'm getting my masters um in order to uh be in a practice.

17:17 >> Okay. So, you're you're you're continuing to add to this $90,000 student loan debt, >> unfortunately. Yes. >> Okay. Here's essentially what you what you've done with with the bankruptcy. You've never turned the faucet off. >> And so the faucet that buried you up to your eyeballs in debt that you called and you filed bankruptcy for, they came with a big bucket and took some of that water out, but that faucet is still going full blast.

17:48 >> Yeah. >> You're going to find yourself in this exact same situation. And if you are able to navigate that system, which is a nightmare, helping those kids out, what that means is you have skills at that a local school district would want. If even if you had to go be a teacher on an emergency certification, if you had to go help out at um as a as a part-time social worker, here's what I'm trying to tell you. You can't just sit there and say, "Well, they're taking my jobs away and I guess I'm just [clears throat] going to live in La La Land." You've got to start taking your skill set and start hitting the streets trying to find places where you can work. And you've got too much value to add.

18:25 >> My long-term goal. >> Here's the thing, and I say this with all respect. It doesn't matter what your long-term goal is right now cuz you you're you're like trying to explain to me and Jade what your beach house is going to look like. And your boat sank out from underneath you in the middle of the ocean. You got to swim to shore first. >> Yeah. >> Right. >> Yeah. Well, I plan to move to um a different location to get more clients.

18:47 um in June. So that's kind of why I'm like >> that. That's great. But but even even if you max out your earning potential, what is the max on your job? 50 grand, 60 grand. >> Yeah, that's true. >> And you're going to owe 125 when you're all said and done >> like schedules. Yeah. >> I mean, >> I definitely need more income. You've set yourself up in with a with a with a vicious math problem and your heart is too good and your skill set is too necessary >> for you to chain yourself to this and then go out in the world and say, "Hey, I'm here to help." You get what I'm saying?

19:22 >> Mhm. And so I I think all you your future dreams, your clients that you're serving now and in the future, everybody has served if you just hit pause for a second and clean up the mess that you've the the big hole you've dug yourself. You get what I'm saying? >> Yeah, absolutely. >> And you're worth that. It'll be real real real real real hard. Jade, people get like a picture of what they want their life to be and it's like I'm going to do anything I can do to get there. Yeah.

19:52 >> And man, on the way, you find yourself in a real mess. >> Yeah. She can get out of this mess, though. I believe you can. You've just got to start doing different things. If you want different results, >> you got to stop borrowing money.

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21:37 Sacramento, California. Let's talk to Amanda. Hey, Amanda. What's going on? >> Hey, thank you for taking my call. How are you guys doing? >> We are freezing here in Nashville, but other than that, we're doing all right. What's going on with you? >> Good. Um, me and my partner are getting married in September. >> Okay. And congratulations. Thank you. We've been um we've both been on baby step two since November. Um but we have no fund for our wedding and we still want we want to cash flow our wedding.

22:09 So I just, you know, want some advice on what the best approach um would be moving forward. >> Cool. I'm excited for you guys. So the wedding's in September. Uh you'll kind of have to do a couple of things at once. I think the first point is figuring out what's a fair amount of money to spend uh in ratio to the debt that you have. So kind of making a realistic number. How much debt do you guys have combined? >> Combined we have 100,000. >> Okay. And then what's your income combined?

22:41 >> Combined um 200,000 a year. >> Okay. Excellent. And so based on that, what do you think I'm sure there's a number that's floating around in your brain of a fair amount of money to spend on this wedding based on those figures? >> Yeah. Yeah. So, um, our we already have a budget going and and that's like topping off at 18,000 um and we have about 15,000 um left of that budget >> to save >> to to save. Yes. >> So, you've saved 3,000. And you have 15 to go.

23:16 >> Well, uh, the 3,000 we have are the down payments on the wedding venue and the caterer. >> Okay. Okay. Uh, I I for one think that's a fair budget if you're committed to paying cash cuz I feel like by doing that you may still also be able to make some individual headway on your individual debts. >> Yes, that's what I'm hoping. >> Yeah. >> Yeah. I I I this is going to sound strange, Amanda, but I want to applaud you for that budget.

23:46 >> It's excellent. >> I thought you were going to come in and be like, "Well, we think we can pull it off for 250 grand." So >> 18 18 grand in California tells me y'all are y'all are squeezing things pretty hard right? >> I don't want to spend a whole lot of money on a wedding. This is my unfortunate my second my second wedding. Um the first wedding was simple, but didn't spend a lot of money either. Um, but we have a lot of family members helping out as well. So, that's I think why we're able to keep it pretty low.

24:15 >> I I I think this is a great exercise for both of you to um commit to this 18 grand number and do not budge even if that means you both have to sacrifice something you you kind of wanted or you really want like whatever. But yeah, I'm with I'm with Jade. I think it's a good I think it's a good move. >> Okay. So, uh, just continue to follow the plan while saving some money each month to cash flow the rest of the funds throughout the next nine months. >> Yeah. I mean, as much as you can get ahead, you know, part of planning the wedding is understanding what you've got to have, you know, for deposits and have ahead of time. So, as much as you can get ahead of that and not feel like you're behind the eightball, I think that's really good. So maybe sitting down with your husband and kind of plotting out um from now until September

25:03 what each month is going to look like, what each of you is going to contribute. And that way you have a plan together. And then you also are then able to make your plan him for his debt and you for your debt, how much you think that you're going to be able to put towards that. And I mean it's going to be a little bit it's not going to be perfect, but at least you kind of have um a sketch of what that's going to look like. >> Jade, I have a question for you. Would it make sense for there to be a single account here that money gets put into or I'm going to come up with 9,000 and you come up with 9,000ish?

25:36 >> I think uh [screaming] yeah, if you wanted to set up a fund, an account somewhere that's kind of like Switzerland and you put all the monies in there and and then everybody can see it and there's full transparency, I think that's good. And then each of you is responsible for certain tasks. It's like maybe you're like handling all the food and beverage and maybe he's handling all the I don't maybe he's handling nothing. Maybe he just puts his money in the account. That's fine. Uh I like that idea.

25:59 >> I I I I have and I'm glad you have that perspective. My bias is so skewed because the only people who call me are when they've put all the money in the account and then they break up 3 weeks before the wedding and they don't know what to do. And so I know that's not the vast majority, but so my my bias is so skewed. So that's I think it's a good perspective. >> Yeah, that's I'm not opposed to that at all. I was trying to think about how Sam and I did it and I really don't remember. So, I I like that idea. It's not bad.

26:25 >> Very cool. All right, let's go out to Newark, New Jersey, and talk to Tiffany. Hey, Tiffany. What's going on? >> Hey, I'm good. How are y'all? >> Excellent. What's What's up? >> So, I just finished Baby Step 3. Um, I work in the film industry and my income has decreased due to changes in the industry over the past three to five years. >> So, I went from making about 80K a year to now I make about 52K. Thanks.

26:48 >> So, bring home like 3,200. Um, I feel like I've hit a ceiling in my career. And so, I'm preparing to get my MBA to gain more opportunity, but I still want to stay in my field. Um, but I also am not planning to take out student loans. I'm looking at the scholarship route. So, my question is, should I pause baby step four and stockpile cash to live on or should I try to start a side business? That's another thing I've been considering um to pay my bills while I'm in grad school. The first question is what is how how long have you been working in the industry?

27:21 >> Um, six years. >> Okay. So, what is an MBA going to give you that you seeing multiple businesses run all at the same time? All like film industry. There's so many different businesses happening all at the same time. I would think you have a grasp on the quote unquote business world that very few people have. What would an NBA get you that you don't already have? uh more opportunity specifically in the world of producing um on a studio level and that's where a lot more of the money um tends to come from and a lot of people who I've kind of talked to who have gone that track that's been a huge recommendation is to get my NBA.

28:00 >> Okay. So my second question would be can you not get your MBA and still continue to work at the same time? >> Um that's the thing a lot of the scholarships that I'm looking into you have to be a full-time student. So, um it's not I guess it's not impossible, but it is it it would be a lot harder where I'm not sure how, um successful I would be if I was still um if I was able to focus full-time on the program >> and it's two years.

28:31 >> Um if yeah, one program I'm looking at is two, another one is three. >> Okay. So, even if you get a full ride, >> I want you to also calculate in the lost $52,000 per year. >> Okay? >> So, it's going to cost you the tuition and your your you know, in the college world, room and board, right? Like you're you're going to still have to live. You're still going to have to eat, right, and buy a computer and all that kind of stuff, >> but you're also going to have the missed opportunity of $104,000 in income over two years.

29:02 >> Yeah. And so just when you're calculating out the ROI on what you think this is going to do for you and what you think like you're watching the film industry dissolve underneath you as everyone is across the country >> is getting into production putting all your eggs in that basket to the tune of 104,000 bucks minus two years in the workforce to then circle back like is it is that a good ROI downstream? >> That sounds really tenuous to me. I I just have a hard and I may be totally wrong, uh, Tiffany, but I have a very hard time believing that an MBA in a classroom is going to be better than on the job experience.

29:42 Am I wrong? >> Um, so the programs that I'm looking at with the film industry being a very much it's it's who you know slash it's where you go. It's also being able to tap into a very specific um what is it like network? Yeah, that's why I'm that's why I'm like seems like being out there meeting people, being on jobs, being on sets. I I don't know. I'm just I'm I'm likening it to the music business. I would think that that's far more valuable than being in a classroom being taught concepts.

30:15 >> I I work both Jade and I work with film literally folks, men and women from the film industry that are here on staff that video everything and all the things all the time and edit and cut and produce. And I don't know a single one of them has an NBA. >> I Yeah, I I I I'm not trying to You're there. I'm not. But I've just it it doesn't feel it doesn't seem like it's going to return what you think it's going to return. And to John's point, it's a lot of time and money lost. I think if you can find a way to work while doing this and you're getting the getting it paid for for scholarships or for free, fine.

30:53 But to lose 3 years without work, I don't know about that. >> Yeah, >> I might go back to the drawing board on that plan. And it I I I remember a lot of my students went to grad school because they were bored with their current lives or they didn't like their current jobs. And that's not a reason to pause for 2 or 3 years, take out a bunch of debt or not make an income. So just think all the way through it.

31:28 Hey, what's up? This is Dr. John Deloney for my friends at Mama Bear Legal Forms. I spend a lot of time talking with people about anxiety, relationship challenges, and all kinds of other things that keep people up at night. One thing I'm always telling everybody is that peace does not come from avoiding hard things. Peace comes from facing hard things and directly walking through them. One of the hard things we all face is our own mortality. And if you've got kids or people you love, creating a will is one of the most important things you can give them. I'm such a big fan of Mama Bear. When I moved from Texas to Tennessee, one of the first things I did was set up my will through Mama Bear so that my family was protected in my new state. Mama Bear will help you make a clear, legally valid will in about 20 minutes. They provide stepby-step guidance that makes getting a will

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32:49 You asked and we listened. The Live Like No One Else Cruise is back by popular demand. And currently, Nashville's covered up in ice right now, and I would love to be out on a boat where it's warm. This is your moment to celebrate your debt freedom with Dave and the Ramsay personalities in the Western Caribbean. Share your story with Dave, swap jokes with George, sing karaoke with Jade, and play pickle ball with Ken, and more. If you're on Baby Step 4 or higher, join us March 14th through the 21st, 2027.

33:23 Save up to 300 bucks this week only when you book by February 1st. Cabins are limited. Lock in your spot with a $600 deposit. Click the link in the show notes or go to ramseyolutions.com/events to learn more. Let's go out to Hton and talk to John. Hey John, what's up brother? >> Hey y'all. Um, so I am on baby step one, maybe two and a half. I am $79,000 in debt at 26. Um, I got fired in March of 2025 from my job. I've been living purely on my VA income, which is about $3,000 a month at this point. And I'm still a certified paramedic. I'm going back to school with the VA once again.

34:10 And I just really feel like I'm behind on life at this point and really don't know where to turn with as much debt as I'm in. >> Well, dude, I'm glad you called, man. How old are you? >> Uh, 26. >> 26. Um, you got you got laid off in March. How come you haven't gone back to work? >> Uh, I have been struggling to find jobs that can work with my schedule as a student. My job that I got fired from worked pretty well with my school schedule and it really didn't conflict much. And being a paramedic, uh, the only jobs I can really find are with fire departments or private ambulance companies that have pretty oddball schedules that don't really work with school. I have a few interviews with hospitals that are hiring paramedics here in Houston, but I haven't really found much success with getting past an

35:00 interview. >> What are you going to school for? Uh, I'm going to school for finance, ironically enough. >> Okay. >> When are you finished? >> Uh, I'll be finished in October of 2029. Not October, December of 2029. >> Oh, so you're just getting started. >> Yeah. Can I can I So, anytime I feel squashed or I feel stuck between an eitheror decision, one of the things it's just a a practice I I I run myself through and my wife and I do it is we just dump a bunch of variables on the table just to remind ourselves we're not trapped.

35:35 >> Okay. >> Because you've trapped yourself. >> Yeah. >> You trapped yourself into this is the only kind of job and has to have this kind of schedule and I have to get this degree in this area right now. And I kind of am locked into where I go to school because I'm on VRE as a disabled veteran. So they determine my schooling and everything like that because they consider it vocational rehab and that's the other side of it. >> But you can't pause for a year and get your get your feet underneath you financially.

36:05 >> Uh they would require me to pay back what they've already set forth for school. >> All right. Then if that if that's the case, then you're going to have to pause looking for paramedic jobs, especially since that's not what you're going to school for, and you're going to have to look at becoming a teller at a local bank. Um, learning finance from the floor. It's like sweeping the floors on up. You're going have to let that you're going to have to let that dream go for a season because here's my concern. I can hear it in your voice. This is less and Jay's gonna walk through the money part of this, but you've stopped believing in yourself.

36:41 >> Yeah. And that's like getting up and going and contributing to a thing is way more important than making sure it's in this the field that you want or you happen to have a certification because of your military all that kind of stuff. Brother, you need to get up where people see you and they're like glad that you're there. >> Yeah. >> Right. Especially if if you were telling me you're going to go to nursing school or you're going to do something else like that would make sense that you're trying to get a job in a hospital. Right now, you're just pausing the workforce.

37:13 >> Yeah. >> And you're getting a degree in a totally different field. So, start getting experience in that field. So, four years from now, you got four years working at a local bank doing stuff or a local credit union and you got a degree in finance and now you're ready to hit the road. Do you get what I'm saying? >> Yes, sir. >> Okay. Jay, talk to this this good man about his money situation. >> Tell me about the $79,000 of debt. What type of debt is that?

37:36 So, I have 14,000 in student loans from paramedic school because I wasn't approved for the GI bill when I first got out of the service. So, I have 14,000 >> in um student debt. I have a $15,000 personal loan that I use to pay off all my credit cards at the time when I was working. It was I think the interest rates on it's only 5%. >> Okay. It was a good good idea at the time uh because it helped ease a lot of my burden. Instead of paying multiple banks, I was just paying one loan.

38:07 >> Understood. >> And my and it's my car that's $800 a month as well. And that interest rate is 7%. >> What's the full balance on the car? >> Uh $ 38,000. >> Okay. Uh where's the rest? I got 68 here. Uh the rest is I think uh let me see my car here. I might have miscalculated on my car. >> Is it 48? >> It's 48. You're right. Yeah. >> Mhm. Okay. So that's the glaringly obvious thing right now. You're basically making 4,800 from the VA a year and your car is 48,000.

38:46 >> Yeah. >> So we have that's some the good news is that's something you can make right like this weekend. >> This weekend, brother. Okay. >> Do you have any money saved anywhere? >> I've spent my whole savings when I first got fired. >> Okay. >> Trying to keep afloat. >> Okay. So, here's what here's what I think the plan of action is. First off, we're going to give you every dollar cuz I think that you don't have a budget.

39:11 And so, Christian's going to pick up. We'll get you every dollar. And that's going to help you see with the $3,000 that you're currently making. To John's point, you're going to start making more, but today you make 3,000. We're going to see how much margin you have and we're going to set a plan for how quickly can you save up a little bit of cash so that you can get out of this $48,000 car and into a cash car that you're maybe paying four or 5,000 bucks for. That's the plan. And so that's like I want all forces focused and trained on that mission. And then once you do that, we can say okay now we just have 30,000 29,000 to clear out here. Um and we're going to start with whatever smallest.

39:49 If the student loans are broken up to pieces, we'll start with throwing any extra money uh on that smallest student loan and do it like that. So, this is something that you can get out of. What's going to really break you free is income. That's that is the magical elixir for this entire deal here. So, imagine your life, even if you just go get a job making 36 grand, another 3,000 bucks a month. Think how that changes your life. >> Yeah. If you suddenly have 6,000 bucks and especially if you're doing it towards the field you want to get into, even peripherally.

40:23 >> Yeah. >> Right. Like like cleaning the trash bins at a lo at a local credit union. It gets you in the door, right? >> Yeah, it does. >> And so I I I would exhale and put my dreams of being a paramedic to rest and get on about. If that's what you want to do, finance for whatever reason, if that's what you want to do, I would put all my energy going that way. >> Okay. How upside down are you on this truck? >> Uh, it's um not that What do you mean by upside down?

40:55 >> Do you owe more on it than it's that then you could sell it for? >> It's a 2026. >> Um, >> what could you What do you think you could sell it for a private party? >> Uh, I'm not even sure on that side. >> So, if it's anything less than 48, that would mean you're upside down. So, let's say you owe 48, but when you look it up on Kelly Blue Book, Kelly Blue Book, it says, I don't know, 46 or 45. That'd mean that you're $2 to $3,000 upside down on it.

41:23 >> Okie dokie. >> And don't look to go trade it in. Look to sell it to somebody on Facebook Marketplace. And okay, >> put in the put in the ad. I'm a veteran selling my truck or my car. It's in great condition. Here's what I'm asking for it. And get that sucker sold. I mean, you'll feel the weight of this just leave your shoulders like almost overnight. >> And if you are upside down, uh what you would do, uh is you would just go over to the bank uh or credit union where wherever you can get somebody to loan you the 3,000 or whatever it is.

41:53 Hopefully, you're not upside down, but if you are, that's what you would do because you're going to need the full amount uh to get the title. So, if you sell it private party, you're going to need to put whatever you owe with it in order to get that and get a clean title. So >> yeah. So, thanks for the call, brother. Thank you for your service. And it it feels like you are way behind and you're under a huge mountain. The good news is you're only 26. You got a long way to go. You're in school. You're doing the right things. You just got to get some right things in order and you got to get out from underneath that big giant car payment. This is the Ramsy Show.

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44:07 Welcome back to the Ramsay Show in the Fair Winds Credit Union studio. I'm John Deloney joined by bestselling author and wonderful human being Jade Warshaw taking your calls on money, life, your relationships, whatever you got going on, your work, all of it. 88 8255225. Let's go out to Phoenix, Arizona, and talk to Shelby. Hey, Shelby. What's going on? >> Hi. How's it going? >> We're doing great. How about you? >> Doing good today. >> Excellent. Excellent. What's going on?

44:36 >> So, I am almost out of debt. I'm so close. I can taste it. >> Congratulations. How much have you paid off >> so far? Just over 50,000. >> Oh my goodness. I'm amazing. Great work. What's up? So, I'm almost out of debt, but it feels like my mom wants to keep me in debt. Every little thing that happens, she's offering me money. Oh, just pay me back $20 a month. Just pay me back. And I don't want to do that. I'm so close. I don't want to take more money, but at the same time, it would really help me.

45:07 >> Okay. So, this is like classic temptation. Um, of course, the idea sounds good, but you've already decided it's not good for you to do that. So, it's a moot point right? >> And it's something like she did loan me some money recently. I had emergency dental work done and I have a thousands dollar $1,000 saved, no more than that. And it was a point like I need it done, but my card will decline if I try to pay it. And I'm sitting here in the dentist chair.

45:36 >> And so she's she's offering you the money is what you're saying. >> Yes. And I took that. It felt like I gave her a little bit and now it's bigger things. Oh, you have to pay 3,000 in taxes. Let me loan you money. just pay me back someday or >> you don't have to say yes. >> I know and I don't know how to broach that cuz it it's coming from a good place. She wants to help me and yes it would help. >> This has nothing to do with her.

45:57 >> I was going to say thank you John. >> This has to do with you like cuz you you know who else is sitting right there wanting to offer you money? Visa, Mastercard, local bank. And I it's all in the same vein of I'm not going to borrow money anymore. Especially from somebody I've got a close relationship to that would drive a wedge between us. >> Yeah. And I told her like I I don't want you to be my lender. You're my mom. >> What did you tell a gift I would graciously take it? She just wants me to take it.

46:31 She's like, "Oh, it would help. Let me help." >> Of course it would help. Of course it would help. >> But that's not that's not what we're doing here. >> Yeah. >> That's not what we're doing here. And I would even go back further. I mean, walking into the dentist, it it it that couldn't have surprised you right? >> It was it was an emergency dental work. >> I I get that it was an emergency, but every dentist I've ever met has some sort of payment plan, some sort of program, some sort of I can give you $500 today. I can give you $1,000 today.

47:05 It's going to wipe out my emergency fund >> and then I'll give you like it I don't know any dentist that doesn't have some sort of plan because they deal with that all the time. >> Yeah. Nobody has >> my plan I had there was 1,200 today and 1,200 next week which I couldn't afford. So she did help me but now it's even bigger thing. She wants to help me pay my taxes. She wants me to get veneers for my wedding. >> Just the answer to all that is I'm so grateful but no thank you.

47:31 >> Okay, >> that's it. And then you are going to have to go through and get wedding photos without new veneers on. >> Yeah. You're going to have to scratch and claw and work extra and do whatever to pay your taxes by, by the way. By April right? >> Oh, no. I'm sorry. Yeah. When When are they Yeah, by April. >> Yes. I need uh 3,000 by then. >> Yeah, you can do that. You're so close. How much do you have left?

47:57 >> Um, with the 2500 my mom just gave me, it put me back up to 9,000 left. >> Okay. How much do you make? I make between 60 and 90 in a year. Most of my income is bonus. >> Okay. >> Bonus. But like last year, I made a 78. >> Okay. >> Yeah. I mean, I I think the biggest part of this conversation is just you making a decision and drawing that line in the sand that you don't borrow money. And when you do that, um, it just opens up your mind to creating other scenarios for solving your problems. And I think right now, as much as it kind of feels like my mom is doing this, my mom is doing this, I kind of think that you're putting out a radar, like I think you're putting out a home, what is it? A homing signal that that it comes to you. Uh, and I think that's that's on you to go, you know, I'm not I'm not

48:49 looking for this and I don't want this and it's just nowhere in my in my view. And I think that's going to help a lot. And then I think it's just you saying very clearly to your mom, "Thank you, but please don't keep offering me because honestly, I'm tempted by it and I don't want to be tempted. I really want to live a debtree lifestyle and I certainly don't want to owe you money." And I think that's that on that. Um, you got 9,000 to go. You've paid off 50.

49:14 You've done a great job. I have there's no doubt in my mind that you can't finish this up and and move on to the next steps. >> And it what I'm going to tell you right now is complete and total hogwash. Woo! Woo! Okay, this has just been my experience with any sort of finish line. Um, I whether it's I want to get a new degree, I'm trying to lose x amount of pounds, I want to be able to run a certain time on a on a mile, whatever the thing is, almost always, right before I get to the end, and this is woowoo, the universe sends some huge temptation my way.

49:52 And it's it it I I've just come to look at it as it's I'm being tested. Am I really who I say I am? >> Right. Yes. >> And you're so close to the end. And it just feels like there's a hu like you're so close. You've worked so hard. You've you've busted your butt to pay off 50 grand and now the temptation is like, are you really all in on this deal? And I can imagine after 50 grand, making 75. You've been doing this a while, haven't you?

50:20 I actually started going crazy at my loans back in this last April. >> Okay. So, my guess is you're tired now and you're bored of this. >> Oh, yeah. Yes. >> I make too much money to feel like I have no money. >> Okay. Just keep going. >> Keep going. >> Yes. >> Keep going through the boring. Keep going through the tired. Keep going through the inconvenience. You're so close. You're almost there. Making 75 grand. And when are you going to be done with this thing? 3 months.

50:53 >> I hope so. >> Will you commit to to J that you'll be done? >> Last out of the five loans. >> Do what? >> I only have two of the five loans left. So I'm almost it's it's there. >> What's your What's your margin every month? What are you putting towards this every month? >> Um so where I am in the snowball right now is 510. That's like all my paid off minimums and the new minimums. And I'm throwing maybe another 7800 towards it a month.

51:24 >> 7 to 800. Um, what's your take-home every month? >> Ends up being about $4,000 to $5,000 plus every other paycheck I get a bonus anywhere between 0 and $2,000. >> Every other check you get a $2,000 bonus. So, wouldn't this go a little bit faster? It feels like it. I had a lot of moving costs that put a halt in it and my last two bonuses have been $0. >> Okay, understood. So, you're kind of you're feeling a little bit deflated, I think.

51:59 >> Yeah. >> But I I think that the last couple of weeks or even the last couple of months are not an accurate snapshot of the intensity that you have been working this. I think you've just had a couple of things that have really uh made you feel some type of way. I just want to encourage you to keep going. This is going to be gone faster um than you think. I think you just have to remember how quickly you were going before the dentist hit, before the move hit, before all those other things. This is going to be gone before you know it, and you're going to feel a major weight off. Hey, don't forget to replace your $1,000 emergency fund. I think that's also going to help you going forward.

52:34 >> And when you don't believe you can do it, remember Jade and I believe in you. Keep going. >> >> Most people just drift through life with their money. No plan, no budget, stuck on autopilot. But winning with money is intentional. That's why I love Fair Winds Credit Union. They've built tools for people who don't want gimmicks or games. Their smart bundle includes a high yield savings account to help your emergency fund grow. And their spend smart checking account won't nickel and dime you to death with fees like other banks. Plus, it comes with the Ramsay be weird debit card, which says debt is normal. Be weird right on the front of it. It keeps you connected to your budget and every time you use it, it's a reminder. You control your money, not the other way around. Fair Winds Credit Union is for people who are serious

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54:18 Let's go out to Wilmington, Delaware, and talk to Jamie. What's up, Jamie? >> Hi. >> How we doing? >> Good. How are you? Thank you so much for taking my call. I'm a huge fan. >> Of course. Thanks for calling. Um, so my question is, um, I have a little bit of a dilemma and I don't know how to handle it because I've already tried it in a couple different ways, but my fiance and I have been together for 20 years and I know that sounds a lot. We're not married yet. Um, >> when did you get engaged?

54:47 >> We bought a h we have been engaged for 12. >> Nice. I have so many questions, but I won't even ask them. Go ahead. >> Okay. Yeah, that's a whole different topic. Um, so he bought a house about 10 years ago. Um, I well actually seven years ago. I've been living with him for 10. Anyhow, when it was kind of a rush closing and I was never put on the deed or the loan for that matter cuz my credit was never that great. Well, recently my dad passed away within the last 5 years and he had everything in order when he passed and it was it was a burden off me and my family's shoulders and I'm trying to do the same, you know, for my kids. I know I'm not going to be here forever, but whenever I bring this up to him like, "Hey, I think I should we should put my name on here in case something happens." He either pushes it

55:38 aside or he kind of comes up with stuff like, you know, your credit's bad. they're going to come and take the house or we'll get in an argument and you know it it's he thinks I'm just after it for the house and I'm not. Now, on a side note, in the deed there's a clause that is a first right of refusal because it's bumped up against a business's property. >> Okay. >> So, if it if something happens, they would actually get the first right to buy it if it doesn't come to me.

56:11 >> Interesting. So he could like send it to his family, but his family would turn around and say, "Okay, well, I'll sell it to you for dirt cheap." But they would have the first right of refusal before I would even get it. And [clears throat] I don't know how to address it because I've always brought it up. And like I said, it just keeps pushing aside, but I would like to have some kind of security in knowing that if anything happens to him that I would be able to have someplace to live.

56:36 >> What is Okay. Yes. Tell me the finance side of it. Who is who pays for the house? >> He pays he he pays for the mortgage. Like when I moved in, the deal was he would pay the mortgage and the utilities and I pay anything extra, groceries, um cable, anything like that. >> And will that be the fact after you get married as well? >> Um yes. >> And in your mind, uh do you guys have separate bank accounts? >> Yes. >> Okay. So, here's what I'm going to say.

57:10 This is controvers. You're operating separate lives. You're just living in the same house because financially you're separate. You've spent 20 years, 12 years >> betrothed and have not committed. I can part of me understands he's just going in line with the way everything's always been. You're separate. You're not on the mortgage. You're not on therefore you're not on the deed. My money's over here. your money's over there. Uh, I can understand why it is that way. So, unless you guys are going to fully commit, and when I say fully, I John, this is your space. But unless you're going to do that, you're getting the spoils of what you guys have put in place.

57:54 >> I I my guess is >> Oh, I'm sorry. >> My guess is and and I can be way out to lunch here because every state is so different. My guess is you'd have a common law claim to this. >> Um, that does not go into play anymore. >> Okay. Well, here's here's the >> I never looked into that. >> I I would look into it, but here is the um under the guise of behavior as a language. I think he is telling you loud and clear, this isn't your house. It will never be your house.

58:32 You can live here, but this is not yours. [snorts] You're not going to have a claim to it. Stop asking me about it. Right. >> Yeah. >> Okay. And there's something powerful about just clearing all of the ice and snow off the sidewalk and standing firm and saying, "This is what the sidewalk looks like." >> So, what am I supposed to do? Should I like save up and find something just in case something happens to him that I would be >> I you have to ask yourself >> you you Is he the father of your children?

59:14 >> No, he's not. >> Okay. How old [clears throat] are your kids? >> Um they're all adults. They're 27, 25, and 23. >> Okay. Do you have your own retirement, your own savings? >> Yes. >> What does that look like? >> Um well, my retirement is a pension. [snorts] Um, and then I actually am on baby step two, so my savings isn't um that fantastic right now, but >> Well, it should be a thousand bucks and you're trying to feverishly pay off debt.

59:43 >> Yes. >> Yeah. I'm on step two and I'm I'm rolling with it and it feels wonderful right now. So, I'm hoping that that feeling stays for a long time. Th this is this is a gross simplification and I'm going to say it's going to sound rude and if we were talking in person I would take a lot longer before I said this but we've got to compress time because we're on the radio. Okay. >> Yes. >> You've been playing house for two decades and at some point the play stops and it feels like you are recognizing oh he could go in any day like all of us could.

1:00:16 >> No. >> And I'm going to be left with nothing. Yeah. >> And just to add to that, what you're requesting is a simple piece of paperwork >> to be added to the deed. That's easy. >> It's not much. It's not much. >> It's not. It's not at all. >> And I even asked him too and I was like, "Well, if you're so concerned about it, then put one of the kids on it. You know, put one of the kids." I mean, I know they're not his biologically, but I mean, he he raised him. I mean, we've been together, like I said, 20 years, and my youngest is 23.

1:00:48 But but it's not just that though. It's not just that. He also hasn't married you. >> Yeah. >> No. >> Because am I right? I don't want to I don't want to overstep. But would you have gotten married way sooner if he would have done it? >> Um well, we were planning on getting married and that's like the whole other point is like when we got engaged, my oldest was just getting ready to start college. So, we did the whole financial aid thing and it would have really messed up my kids' financial aid. They got a lot of scholarships. They got a lot of grants >> because that would make a lot. I understand.

1:01:20 >> If we would have gotten married, that would have screwed up the kids' financial aid. >> So you figure, you know, every 2 years and they were going, >> but it's still been 12 years. But it's still been 12 years. >> So I again, I'm not trying to overstep, but that is saying something. >> Yeah. Behavior is a language. >> Okay. >> And so you here here's the thing. You can't make him do anything.

1:01:45 All you can decide is here is what I'm worth. Here's what I value. And I want to be with people who think I have worth and who value me now and after they're gone. >> Okay. >> Okay. Any self-respecting husband and and I'm going to call him that even though y'all aren't officially married. Y'all been together for 20 years and >> yeah, >> whatever. builds an entire ecosystem so that his wife carries on when he's gone.

1:02:18 It's a It's a shame that what is it? 70 some% of households don't have a will. It's embarrassing. >> Yeah. >> Right. It It's a shame that you would you would possibly consider that when you die your house is going to go to somebody else and the old girlfriend's just going to be out on her own. It's it's it's it's so shameful. I'm embarrassed on behalf of men everywhere. Yeah. I mean, and the property is beautiful, you know, and it's just >> it doesn't matter if it's a one-bedroom shack. It's been y'all's, but he he's on the piece of paper. And anytime you bring it up, he makes you feel dumb for it.

1:02:54 >> Let me say it this way. You're not crazy. >> You just get to decide what's next. >> Okay. >> Okay. And like Jade said, it's not a it's very it's it's it's a very low stress thing to add you to a deed. Exactly. [clears throat and snorts] >> It just is. >> But my guess is he has actively kept you off the deed because this is his house that you are living in that he's paying for that he's going to pass on to his family. And if that's the case and you get to and you decide to stay with him, great. You need to make other opt make other plans with savings, paying off debt, getting yourself set up for the inevitable day when one of you till death does you all part, right? Um or you can say, "I'm worth more than this.

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1:06:11 >> All right, today's question comes from Briana in Nevada. She says, "When I try to explain to my husband what a waste it is to eat out, he gets offended. I tell him, we can eat out for 100 bucks and never see that money again, or I can buy groceries for 100 bucks and that lasts for a week." His response is always, "But eating out still fed you, so you survived." What? Okay. He's trading the convenience of eating out for our long-term goals of paying off debt and saving for a down payment. How can I convince him that eating out is keeping us from reaching our financial goals?

1:06:47 Okay, so I think what's actually at play is just two sets of values here. Um, he's willing to go to a certain extent to pay off debt and you're willing to be to go beyond the extent that he's willing to go, if that makes sense. Um, oh boy. Oh boy. Okay, so I wish these are the ones, John. I wish we had more to it. I'd love to know how much debt they had. I'd love to know what their income is. I'd love to know a little bit more. >> I want to know who cooks in this house and maybe it's not great.

1:07:16 >> Yeah. Um >> we have to eat out. >> Honestly, facts. Like there's that that is a real part of it. Some people some people eat to survive and eat to live and other people eat for enjoyment. I'm a person if it doesn't taste good, I I just I don't eat it. I'd rather eat two bites of something that's delicious than a whole meal of something that's terrible. Like I I just can't. So my guess is you're probably going about this all wrong. We've got to figure out a way to make this exciting for both people. Um, I'm guessing it's a I'm guessing you guys never aligned on why we're doing all of this to begin with.

1:07:51 >> That's it. To me, this looks like to me like like eating out has become the proxy war >> for the real issue, which is we're not aligned on >> why this is >> sacrificing to get to a common goal. >> Yeah. Yeah. And and oh boy, let me just tread into this for a second. And the truth is there's two people, right? Uh he has a set of values. You have a set of values. You want to align on how are we going to do our money. You have to decide which hills you're going to die on cuz you're trying to get in many ways, you're trying to get a little deer to come to you and do these baby steps.

1:08:27 You don't want to scare it away. So, if everything else is like trucking along and it's like, "Hey, we're making progress. This is just the one area that they're a little bit reticent to to come on board." Oh, all right. Like, what what's a way that we can slowly make that transition versus bashing somebody on the head of you're doing 99% of the things I asked you to do? Where's the and and then you're you're slamming them for the 1%, right? Um maybe uncommon opinion, but maybe that's >> maybe it's better than we think, right?

1:08:58 Does that do you >> say can we agree no appetizers, no drinks, >> and we don't have to get ribe eyes >> and do we have to eat out? Does it have to cost 100 bucks or can it cost 40 or could it cost 35? >> Right. >> I would just hate for this one thing to be the bone of contention when so many other things are maybe on track or hitting right. >> And it it usually is one of two things, right? It's that it is somebody that you know amazing is the enemy of perfection, right? It's got to be perfect. Or this is one of many, many places where they're not aligned. This is just the easiest place for everybody to land. Yes. Right. And we fight about we fight about eating out. We fight about money. But there's that's just the tip of the iceberg.

1:09:39 >> Yes. And and only only Briana knows that. If that's the case, then 100% there's there's many things at stake here. But if truly you can look at the situation and go, it's like my husband making up the bed every day. He's making up the bed. He may not do it exactly to the tea the way I make up the bed, >> but the man is making up the bed. So, >> I'm just going to leave that right there. >> And let me flip that around. I make the bed often. It's kind of like whoever's the last one out makes a bed.

1:10:10 >> And I notice sometimes that I come back in after making the bed, >> she's redone it. >> It's nicer than when I did it. Yeah. And that used to make me mad. I used to be like, "Oh, I'm not." And now it's like, you know what? She can do whatever she wants. She didn't say anything and she just went back in and remained. >> Tied it up. Awesome. Amazing. We both won. We both won. And here's the deal, Briana. At the end of the day, you don't have to go out.

1:10:33 >> Yeah. He could go by himself. >> You don't have to go out to eat. You can say, "I'm going to save that money and I want to uh stay committed to the goals that we made." And so, if you feel like you need to go out, great. Um, I'll just stay here and eat eat the napkins in the glove box because I guess somebody's got a >> It's leading by example, which is pretty awesome. I'll just have yogurt and granola and we'll call it or whatever.

1:10:53 Um, but you don't have to go. You don't have to go. You've got more autonomy in this thing than than you think you do. Um, but I I don't know. I think there's a conversation beneath this conversation, which is we are we aligned on this deal. >> I agree. >> All right, let's go out to San Antonio, Texas, and talk to Lily. Hey, Lily. What's going on? >> Hi. Yes. So, I am currently enrolled in um an online class at GCU. I'm studying for education and they have me with they put so for my account they linked it with like the FAFSA subsidized loan. However, my mom offered to take out equity on the house >> and then pay her back.

1:11:38 >> Okay. What if you stopped doing everything that you're doing except for going to school and just doing that somewhere else? >> Yeah. So, I currently also work full-time and the program at GCU is one class every eight weeks and that really works for >> Did you say at TCU? >> GCU. Yeah. GCU online university. >> Yeah. >> So, a a private online faith-based university. >> Yes. >> Woo. very expensive. Correct.

1:12:10 >> Yes, it is. >> And >> that's 1,500 per class. >> Okay. >> Oh gosh. >> Whereas you could get a teaching certificate. And by the way, and I I don't want to be that guy, but I'm going to be that guy for a second. >> I worked a full-time job and got two PhDs while working full-time jobs. >> Okay. >> It was not fun. And had kids. It was not fun. It was miserable. >> Right.

1:12:32 >> And we just like you you do it for a season and then you get on about your life. >> Right. Right. And so you're you're picking a very expensive place and now it's all the way to where your mom's considering putting her house on the block. >> Exactly. >> Please don't do that to her. >> Exactly. No. And that's what I told her like I don't I don't want to do that. >> Don't do this to yourself. Don't do this to like there's there's this tells me that you didn't look through a whole bunch of other options because there are other options in your area.

1:13:02 >> Why does it have to be this one in your mind? In my mind, it's because it's online and it's more flexible. >> Oh, so we're just looking for flexible online school. That's the criteria. I love that. That means there's tons of options. >> Tons of options. >> Yes. Yeah. I I also saw the Western Governor's University G. >> Yes. WGU. >> How much cheaper is that one? >> A lot. A lot.

1:13:29 >> A lot. A lot. And by the way, I've worked at multiple faith-based universities. private schools. I love them. I'm a huge believer in them, but I'm not a believer in mortgaging your souls for it. I'm not a believer in your mom putting her house on the block for it. >> Exactly. >> Right. >> And so, yeah, I I I would you you feel like you've boxed yourself in. So, I I mean, that's not why you called, but I I want you to be a teacher. We need more great teachers out there. We really really do.

1:13:57 I don't want you to go into debt up to your eyeballs and then, you know, have your mom breathing down you. I I just The whole thing seems like a mess. >> Exactly. And that's what Yeah. That that is why I was calling because I don't I didn't feel comfortable about it. >> Yeah. And so I I didn't hear your original thing. Your FASA is linked to who? So, like I guess the way I did it when I applied to GCU, they linked my account to do the the FAFSA subsidized loan. So, it was already going to start cuz I got some money from the Pell Grant, but then after that money runs out, they were going to start putting it on the loan.

1:14:37 >> Yeah. But I bet the Pell Grant will cover it will cover um Western Governors. >> Exactly. Yeah. Yeah. And just quick question, do you guys recommend that one or like >> I recommend here's what I recommend. Don't borrow money. >> Yeah, exactly. >> And if you start with that as a chief principal, it narrows your options. And if you're really um if you really want to like determined to be a teacher, you'll find a way and you'll be tired and you'll be exhausted and you'll have to do things that are inconvenient, whatever, but you'll get out and you won't owe anybody anything. So that's what we recommend. But check out check out other options if that's your criteria because there's many out there.

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1:17:42 Let's go back to Houston and talk to Dustin. Hey Dustin, what's going on? >> Hey John, how are you? >> I'm good brother. How are you man? >> I'm doing well. It's a pleasure to talk to both of you. >> You too, man. >> A long time listener and a first-time caller. I just need some guidance. Um, my question is, would you guys recommend me buying a house even though I don't like the job I'm currently in.

1:18:08 >> I am 28 years old, single, never married, and no kids. I have a good down payment of about $93,000, various stock options of about 13,000, 44,000 in an IRA, 18,000 of 3 to six months of emergency fund, and 35,000 in 401k. As you guys can tell, I have been saving money for years at this point, and I'm just in a job that I'm not really passionate about, and I need you your guidance, please. >> I mean, if you think that there's going to be the opportunity for you to move cities here coming up in the next 3 to 5 years, yeah, I might I might not I might not put down roots just yet. What What do you think the horizon would be for you moving jobs?

1:19:01 Um, I'm open to it. I've been based here in Houston, um, my whole life, and I've always wanted to move cities, make a big change like that. Um, >> what's holding you back? >> Ever? >> Uh, family. Uh, my family is I'm really close to my family and we're all within a 10-minute span of each other right now. Currently live with my mom. Um, so it's been a big blessing being here with her. Um, I'm just not really sure if I'm ready to make that change.

1:19:34 >> It doesn't sound like it's you're at a place to buy a house yet. Um, and I I always have just an internal hesitation anytime somebody says quote unquote they're not following their passion. Um, unpack that for me a little bit. Do you hate your job? >> It's a job. I'm I'm not passionate about it. >> Okay. What what what what have you created outside of work that makes you feel alive, that brings you joy, that hobbies friends?

1:20:06 >> Hobbies. Um, honestly, this investing, as you can tell, I've been I love investing. I love talking to friends about it. It's something I'm truly passionate about. And originally whenever I went to school, I went to school for this. Um, and things happened and I had to shift gears. Um, just not really sure where the >> Here's where I'd rather you spend energy and and Jay, I'd love to hear your thoughts on this because you've you've made similar changes like I have. I I I would prefer here's the thing. Any path you take is going to be challenging.

1:20:46 Staying at home challenging. buying a house in Houston, staying in a great job that you just don't I mean, it's just a job and trading on the side because it lights you up and hanging out with dudes who like to trade and y'all like talk about that like that'll be challenging, too. Packing up and moving to New Jersey, you're going to go with you, right? Or wherever city you end up in. And just for an adventure, you'll go with you. So, your same concerns and insecurities, all stuff will go with you. That's going to be a challenge. And so you've paralyzed yourself with, I don't know about this. I don't know about that. I don't know about that. I'm interested in you backing all the way out and asking yourself the old Mary Oliver quote. What am I going to do with my one reckless tiny little life?

1:21:31 Like, who do I want to be? What do I think is fun? What do I think is adventurous? You've set yourself up financially pretty amazingly. And if if staying with your family is is most important, cool. It's going to come at a cost. And if going on adventure is most important, that's going to come at a cost. And if safety and security, like with your job, even though you're not like wildly in love with it, that's going to come at a cost. Quitting this and going all in on a new career, that will come at a cost. So all all your paths are going to come at a cost. It's just you choosing which one do you want to do. You're not attached to anything else.

1:22:04 >> Yeah. I mean, when I listen to what you said, it's kind of to me, obviously, there's no wrong choice here, but the obvious is the life you have. You've been doing that. Like, you've tried it, so there's no unknown there. Why not do the thing that's the unknown? So, you can get some research on that. >> Yeah. >> Right. If you stay where you are, you learn nothing new. But if you actually go try the things that you're thinking of, maybe I do want a different job.

1:22:29 Maybe I do want a change of scenery. Go actually try it because Texas will be waiting for you if you ever want to go back. >> Absolutely. >> What do you do for a job now? >> I currently work in oil and gas. >> Okay. Last I checked, that's not going anywhere right? >> No, sir. >> And And you're pretty good at it. >> I I believe so. >> Okay. So finding a place, especially back in Houston, which is one of the oil and gas meccas, wouldn't be super difficult. It might be hard to come right back in with your stock options and same salary and all that, but you'd find your way back because you're good at what you do.

1:23:09 >> Yes. >> Fair. >> Yes, sir. >> I It sounds to me, brother, like you've set yourself up for just a moment as this to to either take a risk like Jade says, you you know the life. I love that. like you you you know >> you already know this >> you know this life >> and if it's more more than not bringing you the life that you want to have cool >> um or you set yourself up financially to really um jump off the bridge and see if you can fly and if you hate it great we'll be back in six months we'll be back in a year we'll be back in two years um Jade one thing I hear a lot is people think if I take this job or if I move to this city it just feels like forever Right. And it's there's some freedom in realizing >> no, it it doesn't have to be forever.

1:23:56 >> I mean, specifically in his case, he's single. He's completely unattached. There's nothing keeping him. If he goes to New Jersey and hates it, there's nothing from keeping him from saying, "Well, let me try Montana. All right. I hate that. Let me go to Utah." Right now, it's different when you, you know, are up and moving a family of four and everybody's dependent, you know, like obviously there's things that can make, uh, create more stakes there, but for a guy like this, he's 28. his family will be there. You know what I mean? He's got >> Listen, you got all the time in the world. The the world is your oyster.

1:24:26 >> Yeah. >> I would I would go try it. In your case, why leave anything on the table? When we used to play basketball back in the day, they'd say, "Leave it all on the court." >> Yeah. >> And it's the same thing. Like, don't be looking back thinking, "Man, I wish I I wonder what it would have been like if I had just fill in the blank." >> And normally, we take this call from folks who are 100 grand in debt, who've got kids, got other responsibilities, and we're like, "Whoa, slow down. Slow down. Slow down. This man, you've done the exact opposite, Dustin. You've built yourself a great diving board platform to jump off from. So, yeah. I I final answer. I say go.

1:24:59 >> Yeah. Go. >> Go do something wild and set a deadline on it. And always feel free to come back. Jade, what's the uh what's a big leap you've taken? >> Coming here. >> Coming here. Yeah, me too. >> Yeah. I mean, all all of my career choices have been a leap, but this is the most recent one. >> Yeah. It was a leap to for us to pack up from all of our friends and family and move across the country and then it was an even crazier leap to leave everything I knew to come to this math house.

1:25:27 >> I think the hardest thing well it might be different for people but I think the community aspect like what he said my family's here my friends are here. I think that's the hard thing because uh it takes time to build those those things. You can go to a job and have a salary and have a check a month later right? uh you can put money down on a house and have that instantly, >> but the things that really make life life and make you you are the people and the relationships and those are things that take a lot of time and so [snorts] the risk is greater. Um because it takes time to see, okay, if I put in and put in and put in, am I going to get the reward after however many years? Maybe you will, maybe you won't.

1:26:10 >> Right. Well, and my wife, if I could go back seven years ago when we moved to Nashville, uh, or eight years ago now, that I that's what I would tell myself. My wife immediately plugged in with a gang and it's it's been amazing. And I've been here 8 years and I'm just now settling into, hey, the power has been off for 5 days. I got some guys I can call, right? And so there is when you pack up and move and you leave family, leave friends, you have to be highly intentional about saying, "Not only do I have to get a job and not only do I have to turn the internet and the power on, I got to get a gang.

1:27:03 >> [snorts] >> Welcome back to the Ramsay Show in the Fair Winds Credit Union studio. I'm John Deloney joined by Jade Warshaw taking your calls live. Let's go out to Las Vegas and talk to Stephen. Hey Stephen, what's up man? >> What's up John? How you doing buddy? >> I'm doing good brother. How can I help, ma'am? >> Well, uh, so I'll try to, uh, we'll make this, uh, brief. Uh, I, uh, my wife and I were on baby step two. Uh, we're making great progress. Matter of fact, earlier today, I made the last payment on a credit card. Got it paid off.

1:27:42 >> That a boy. Way to go, dude. >> We did. We're getting honestly, I I'm loving it. And I told my wife, I don't care if I'm a multi-millionaire, I'm still going to be shopping at thrift stores. I don't see a reason to change that. >> Very good. >> Um, >> now what's going on right now is with my It's with my mother-in-law. Uh she my wife and I have been married for several years. We have a son. Uh I work so she can stay home and be with our son and I'm very grateful to be able to do that.

1:28:07 Uh she is very very pushy when it comes to money and she's made some really stupid financial decisions and she's gotten she's tried to force my hand several times. Um when we when we first got married I lived in Georgia. She moved in with me of course after we got married. >> Are you talking are you talking about your wife or your mother-in-law? Who's pushing? >> My wife. No, my my mother-in-law, Lord help us. No, my wife. Um, she uh so my mother-in-law was pushing me to sell my house at a time when the market was down and we'd have been 20 grand in the hole had I sold it at that time. She tried to get my wife to leave me if I refused to sell it at that time.

1:28:41 >> Oh boy. >> And she's pulled stunts like that several times and recently tried to get me to buy a house and I told her, "Look, the market is up. If I buy it, the market's going to correct and we're going to lose a ton of money." >> Hold on, hold on, hold on, hold on, hold on, hold on. This has nothing to do with markets. Like, this has nothing to do with any of that stuff. The only thing that that matters here is you continuing to give your mother-in-law's wisdom and her advice and her threats and her demands. All of that is about power. That's not about home ownership.

1:29:12 >> It is. And it's my wife is kind of the good child. And so, she's always been scared to not do what my what her mom says. She's gotten a whole lot better. She's come a long way. I'm really proud of her. How does your mother-in-law even know the things that are going on in your in your house? >> Is your wife telling her? Is your wife talking to her about things that they shouldn't be talking about? >> She's not said a whole lot, but she does tell her some things. And early on in our marriage, she told her too much.

1:29:40 She's quit doing that. >> Good. >> Um >> Okay. She needs to be the one that tells her mom, "Hey, mom, thank you for the wisdom and the advice, but me and my husband got this." >> Yeah. And when I guess one of the questions, part of the problem is I told my wife, look, we're going to have to draw some lines in the sand with your mom. And there's going to have to if she crosses those, there's going to be have to be consequences.

1:30:03 >> Wait, why? Because why? Why don't you just let her mom say what she's going to say and you'll go on about your lives? >> Yeah. What What's a consequence in your mind? >> Well, it's she's I I honestly don't know at the moment. It's just that she's caused conflict between my wife and I over this. Okay. But but you your your mother-in-law is becoming a proxy war for the real issue, which is are you and your wife aligned on how y'all want to do your life?

1:30:28 >> We are much more honestly the longer we've been married, the more aligned we are. >> Okay. I I want y'all to reenter back on that. My My dad and I see different differences in politics. We see differences in economic. We see differences all over the place. >> And so when I'm around him, you know what he does? He does what a dad should do, which is he tries to tell me what I need to know. Right. And and I get to decide I'm cutting you off or I can listen and there there's been some some some wisdom in some of the stuff he's told me over the years. In fact, there's been a ton of wisdom and a lot of it I go that's great, man. As for you in your house, you and my mom, y'all get to do that.

1:31:05 But me and my house, me and my wife, we're going to do something different. It's great. >> Right. >> Right. >> Fair enough. Fair enough. And and if if she's actively trying to divide you and your wife, >> that's the real issue is that your wife has to put her foot down on that because it's her mom, >> right? >> And if she won't, then you and your wife have an issue, not you and your mother-in-law.

1:31:26 >> And you know, we've come along like like I said, we don't really have as much near as much of an issue anymore. I mean, my wife is >> Oh, whoops. Go ahead, brother. Sorry, man. >> No, it's all right. My wife has kind of come into her own quite a bit. She was very scared to make her mom mad. When we first got married, she's no longer that way. >> Sure. And that's common. That's common. >> So, it's gotten better, but something is it's even though it's gotten better, you're still pushed to the point of calling a radio show.

1:31:52 >> Yeah. Your mom your your mother-in-law can't force you to do anything legally, morally, ethically, spirit, like you you can't be you can't feel forced, right? You can just hang up the phone. >> Right. Fair enough. I I think that's a place to I think that's where we need to start. We're working on life goals and uh we're going to homeschool our son and I mean we're very old school traditional Christians, conservatives and uh >> great. I mean but it only matters if you and your wife are aligned on this and then when y'all get aligned on it then y'all decide together who gets a vote, >> right? And I my my position is if you're not paying the bills, you don't get a vote. I mean >> what does that mean? Yeah. I I >> Well, if you're not part of our

1:32:39 household, I should clarify that because my wife stays home with my son. >> That's what I was thinking. Okay. >> She clearly gets a token. I mean, she's working regardless. >> Well, listen. And for whatever it's worth, I've got other men and women in my life who don't pay my bills that I have given permission to speak into my life. If they see me acting in a way or saying things that they're like, "Hey, that's not you." Or, "You're about to do something stupid with your money." Like, I've given them permission. I'm not just gonna like loan ranger this thing.

1:33:04 That's how people like just ride their horse off the cliff. But all I have to say is >> you can't do that until you and your wife are aligned on who we are going to be. >> That's that's good advice. Um I mean our I our pastor's been a great help to us and I've been forever grateful for his wisdom. I've been grateful for you guys wisdom because following the baby steps I'm really loving it. >> Well, that's awesome. But but but I think personally and Dave and I have talked about this over dinner before multiple times. I think the magic of the baby steps is in married couples, it it it's a way to force alignment or ways to not force alignment but to force discussions about alignment.

1:33:49 And when a when a when a couple gets aligned, there's just no stopping them. But if one of y'all is all aligned on your values and you're dragging somebody else along on these baby steps and their and their mother keeps calling to pull you off and it becomes even a conversation that tells me you and your wife aren't fully aligned on where are we going and who are we going to be and then who gets a vote into the steps we're taking. >> You've given me some things to think about.

1:34:21 >> Is that fair? >> Yeah. No, it's very fair. You give me some things to think about. Actually, it's >> Can I tell you a way to do this? Cuz I have a feeling you're going to go home and tell your wife, "You're not aligned with me." And that would be the wrong way to do it. >> No, not at all. Not at all. Absolutely. I want >> Here's what I want you to do. I want you, not her, I want you to call somebody to watch your son for about three or four hours, one Saturday morning. You set it up. And then you take your wife and say, "I want us to have a dreaming retreat.

1:34:53 We're into this baby. We're into this baby steps thing. We're paying off our debts." But we started sprinting before we really counted the cost of how far we're going to run here. Who do we want to be? And y'all dream about what you want your house to look like, what town you want to live in. As a part of that, we're going to dream about who gets a vote in our life. >> And y'all come away from that retreat totally unified. You get what I'm saying?

1:35:17 I do. I love it. My wife will love that, too. >> Awesome. Excellent. My brother, deciding um the identity first. I'm going to be the kind of person who takes care of themsel. I'm going to be the kind of person borrow money. Then I'm going to reverse engineer goals and steps that allow me to get to that identity, not just take off sprinting to follow the next goal. Right? If you chase an identity with action, you'll get there. >>

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1:36:36 >> >> to Baltimore to talk to Catherine. Hey, Catherine. What's up? >> Hi. >> What's going on? >> Hi. Um, I am a single mom and um my child support ended abruptly last month. Um, and I'm just had um I have a mortgage and I have $77,000 in a heliloc that I just opened and I'm just trying to figure out how to get everything um paid um the debt and everything. It's just very overwhelming. I knew my child support would end probably June. I was looking for part-time jobs to compensate for the loss. Um but this was just very um unexpected and I just um have a lot of stress.

1:37:38 >> How much was it? >> Um the child support was 900 a month. That was a big amount >> for one kid or two or >> um it was for two. However, he didn't end it when my son turned 18. And I don't know why. Um >> the judge or your >> the judge or your ex? the ex-husband. >> What's what's the court order? >> Um, till they're 18. >> Okay. So, can you fight this if he is choosing not to early? Like, what's the >> what's the situation surrounding him not paying until 18?

1:38:17 >> I don't know. His um current wife does not allow him to talk to me. My guess is he kept paying on your other child and there was a net dollar amount. >> Yeah, possibly. >> Once he crossed that net dollar amount threshold, it stopped. >> Okay, >> that that that'd be my guess. Have you contacted an an attorney? Um, I actually went to child the child support um, office building and they said because she's still in high school under Maryland law, he cannot just cut the child support. Um, so I had to get an official document from the school and provide it. Um, but for right now, I'm out that extra $900 a month with all these other bills coming in.

1:39:05 >> Okay. >> Okay. I I have a feeling, don't get me wrong, uh he should pay for the the kids. Um but I have a feeling there's a lot more that's part of this equation that's making this even tougher. You mentioned a $77,000 heliloc. Can you tell me a little bit more about your personal finance, what you're earning, um how old the kids are, all of that stuff? >> Yeah, sure. Um my my kids are 18 and 24. Only the 18-year-old lives at home. I own my house. Um I owe 200 the first mortgage and 77 on the heliloc.

1:39:43 >> Okay. >> Um I have a $10,000 personal loan I'm paying on. Um I have a car payment. Um I owe I think $20,000 still on my car. Um I do have $4,700 in savings, so that's good. >> What do you do for living? Um, I am a CNA, certified nursing assistant. >> Okay. What does that bring you in every month? >> Um, about 3,200. >> Okay. And how much is your mortgage again? >> Uh, my mortgage is $12.91. >> Okay.

1:40:21 >> Plus the plus the helock. >> Yeah. Then the helock is $4.90. >> Oh, mama, that's what's getting you. >> Why did you take out a $77,000 helock? um because I had a credit card that and the minimum payments were getting up to like 300 to 350 a month. >> So you traded 350 a month for 490 a month. >> Um well that I mean that was just one credit card. >> Okay. >> So overall it was like almost $1,000 in minimum payments.

1:40:58 >> Okay. So we can't we can't really go back. But the logic there was flawed. Um, is what John is trying to tell you. Because now we're paying 1,800 bucks a month to live where we were once paying 1,291 and it was way more reasonable with your income. Woo girly. I think that you put yourself in a really tough spot because this is now your home that's on the line and it is now half of your income. Um, more than half of your income. So, for that reason, unless you see your income going up drastically here soon, you put your house on the line cuz you you can't have your your your mortgage can't be 50% of your take-home pay.

1:41:40 >> How much equity do you have in this house? >> Um, high 95,000. >> Oh, so you barely have enough to even clear the HELOC. Sheesh. >> Okay. Um, here's here's the options. I'm going to just shoot you straight. Option one is you figure out a way to increase your income drastically because here's the thing. Your child's 18. Even if the child support lasted until June, it was still going to go away, which means by June, you still would have been in the same situation with your income. Uh, so while I wish that you were still getting that money, in the grand scheme of it, it's kind of neither here nor there, um, it was buying you a little bit of time here. So unless we can figure out a path to get your income up very very much, you might have to sell this house. And when you would sell it, what you would

1:42:36 do is pay off the $77,000 heliloc and maybe have a little bit left to clear out some of this personal loan, possibly all of it. It just depends on what the fees are. And then what you could turn around and do is sell your car and use the 4,700 you have saved and buy a cash beater and you're completely square >> and you're starting you're debtree but you're starting from scratch and you're rebuilding something really new and something really awesome. >> And I just told you a lot.

1:43:09 >> I just wrecked I just up I I realize what I did and I don't expect you to go okay. I expect you to go home and >> sob. Yeah, it's hard. >> Yeah, >> but I mean it when was the divorce? >> Oh, 2010. >> Okay. It sounds like there's been some sort of [sighs] I don't want to say punting, but some sort of kind of bending around reality that over the last what 16 years you've racked up $75,000 in credit cards, bought a car you couldn't afford, tried to keep this house together for the kid.

1:43:52 You get what I'm saying? Like I I get it. And man, I talked to so many folks who've been divorced and are trying to hang on to what was and trying to give the kids a good life and I all that stuff is admirable and noble, but you just reached a line where like the math isn't working for you anymore. You have a you have a big math problem. >> Yeah. >> Are you working full-time? >> Yes. >> Okay. The I guess the other opportunity like the other option like Jade said is you just try to hang on to everything and you decide for the next three to five years you're going to work every overtime shift. You're going to work Saturdays, Sundays and you're just going to live that life and that's going to be that's a very tough life sustainability wise because even if you clear out all this debt then

1:44:41 you would be tackling the mortgage and you're still at 50%. So, the margin that you have to put towards this debt, I mean, you'd have to go crazy uh with overtime and you'd have to do it for quite a while. So, just putting that putting that out there if you're up for it, more power to you. But, um it's a journey, >> right? No, I understand. Yeah. >> I hate this for you. >> It is what it is, I think. >> Yeah. Have you sat down with your kids and just kind of been honest about here's my financial position?

1:45:16 >> Um, yes. I mean, the one that lives with me. Yes. >> Sure. Okay. Yeah. I mean that Go ahead. >> I was going to say there's part of it. It's a perspective thing. Obviously, I the suggestions I gave are neither fun, but >> there's part of that I I kind of like the idea of a fresh start. That could be really a great adventure for you. um and scary but also really really great. The the the debt is gone, the mistakes are gone, the kids are gone, and you're just now out here living your best life. That's pretty awesome.

1:45:52 >> Well, and I can say my wife and I did very similar. We sold the house, sold stuff, moved into a dorm. You've made similar sacrifices. And it looked at the time to my friends and community were crazy >> and but it was a path to freedom. It was the fastest path I could get to. Yeah. And >> at how fast do I what's the what's the fastest way to get to between two lines, right? I'm just going to fly. >> It's not taking a step backwards. It's taking many many steps very quickly forward >> to get to service.

1:46:22 >> Yeah. Yeah. Yeah. Yeah. So, it's a tough pill to swallow, but that's the mathematical reality. Welcome to 2026. Last year is officially in the rear view and you're fired up to finally make some changes with your money. New year, new goals. We love it. But let's be honest, old you said the exact same thing last January and the January before that. And before you know it, those money goals fizzle out faster than the fleeting flavor of Lacroy. So here's the truth. New year motivation only gets you so far. You need an actual plan. And the good news is you don't have to figure it out on your own. Every Dollar builds a personalized plan based on your goals and your real life. And it actually coaches you to stick with it.

1:47:12 Plus, the Every Dollar app will help you find extra money hiding in your budget. And trust me, there's always something hiding. The average person finds $3,015 in the first 15 minutes. That's basically like giving yourself a raise and a much happier new year. So, don't let future you down. Make them proud. Go download the Every Dollar Budget app and start for free right now.

1:47:42 Everyone needs insurance, but it can be hard trying to find pros who aren't just looking to make a buck. And it's hard to find agents who know what they're talking about. Ramsey trusted insurance pros are vetted and coached to make sure they're market experts who have your best interests at heart. Go to ramseyolutions.com/coage to find the type of insurance you're looking for and connect with a Ramsey trusted agent. Let's go out to Phoenix and talk to Bridget. Hey, Bridget.

1:48:09 What's up? >> Hello. Thank you for taking my call. >> Of course. Thanks for calling. How can we help? >> Um, I'm wondering uh how I should go about paying for a new AC unit for our house. We don't have any cash to pay for it. >> All righty. Um, tell us what money you do have. What are you earning every single month? Uh, [snorts] my husband makes $5,939 a month after taxes before insurance. >> Okay. >> I am a stay-at-home mom.

1:48:45 >> Okay. And there's no there's zero money saved is what you said. >> We have $1,800. >> $1,800. >> Yes. >> Okay. What's it going to cost to get the new AC? >> Uh, we got two opinions. Um, one smaller business guy said it was going to cost about $10,000. And then a more well-known business in our area said it would be about 15,000, but that they could offer rebates that could get us down to about 12. >> Okay. Um, >> but I've heard I'm sorry. I've I've heard that the rebates can be difficult to get.

1:49:26 >> Sure. So, is it completely out? Is it completely dead? You're sitting there in the cold. It's not completely dead. Um, it's our it's our air conditioning unit. Um, the heat sitting really hot. >> Is there a possibility you can let it ride for 3 months since we're in the middle of winter? >> Um, there is a possibility. Yes. Um, but of course in in Phoenix in the summer, demand gets a little bit higher, the prices of things go up. So, we wanted to get ahead of it if we could.

1:49:58 >> Yeah. But but here's the thing. >> It got hot and we needed to turn it on. I get that you just don't have the money for it. >> Yes. >> Yeah. >> But there could be time to save money and get it done before June or before May hits. Um what's >> I am currently using the Every Dollar app and I am in the red. Um I I have only used Every Dollar app this month. Prior to that, I was uh budgeting in a book for about six months and I wasn't really getting anywhere.

1:50:27 >> Okay. >> Um tell me about being in the red. What what what are you seeing that is the issue? >> Um we have a car payment and credit card debt. Um a little bit of medical debt and a little bit of a private student loan. >> Okay. Right now >> it's about 1,400 in debt a month. >> That's that's minimums. >> Yeah, that's all minimums. >> Okay. And then how much is your mortgage or your rent or whatever? uh one 1,100, but my husband pays an extra $100 on that.

1:51:04 >> Okay. So, that's definitely not the problem. So, we've got about $2,500 here. Tell me where else is the problem because we've got a great mortgage. We've got minimums covered. Where is the other um >> 2600 going? >> Um we're spending about 850 on groceries a month. There's six of us. Two adults, four children. >> Yep. Great. >> Um, three, two of them are teenagers, one of them is in elementary school, four-year-old.

1:51:34 >> I think that's great. So, now we're down to 1,800. >> Um, >> do you see what I'm doing here? I'm trying to I'm trying to pinpoint the issue. There's something here. Do you have daycare? >> No daycare. >> Okay. There's something here that's eaten your lunch. um you'll be able to see it in every dollar, but right now you're kind of in a point of a little beyond four walls. It's like, okay, I've got to make sure I'm paying the minimums on everything. Obviously, I got to keep food on the table. Obviously, I got to keep the m mortgage covered. We just covered that unless there's some medical thing or a lot of insurance that I don't know about. Uh my goal right now would be a little bit of a storm mode and I'm

1:52:14 not trying to pay anything extra. I'm just trying to figure out what's putting me in the red and is it something that I can tweak and change because we have a countdown clock that's set for like May 1st that we've got to get to. So, not only do I have to figure out what's putting us in the red now, the next thing is okay, where can we bring in more money? Is it something that you can pick up work? Is it something that your husband can pick up work? Let's take some time and brainstorm that out.

1:52:41 >> Yeah. Um, we are spending about $820 a month in insurance premiums. >> Okay. >> Um, and my husband, he is a an executive sue chef. He works from 8:00 a.m. to 10:00 p.m. >> Mhm. >> 5 to 6 days a week. Uh, he could not pick up anything. I could try to do something. Previously, my job, uh, I was cooking as well. >> Got Um, and uh, now I just I have to have the flexibility to drop off all the kids at school and pick up all the kids.

1:53:12 That industry does really >> four. Three of them are in school and I have my four-year-old at home. >> Four-year-olds at home going to go to school soon for kindergarten, I'm guessing. So, back to the budget. I'm still having $980 that I'm seeing that's unaccounted for and it's probably going here or there. But that's what I want. I want you to get to the point and you got to of what is like necessity because you guys are in a necessity mode. If it ain't a necessity, clocking it out of the budget because you can't afford it.

1:53:42 You need whatever money you can find that you're going to add together with this $1,800 that you already have saved to start to be able to get closer to this $10,000 mark. So, it's reverse engineering this math and saying, "Okay, what do we need to bring in to get $10,000?" really another $8,000 by May. And that's the math problem. >> And here here's the other reality. If you went out today and b borrowed 10 grand to put this in according to your budget that you've done on every dollar, you you wouldn't be able to make that minimum payment.

1:54:14 >> Oh, yeah. You'd be now $500 more in the red. >> Yeah. >> And so I I would draw a really firm line and say, "We're not going to borrow money. What must be true?" And by the way, like your husband works like crazy. Kudos to him. >> It might be for three months for his family. He's got to get up on Sundays and go do go throw boxes somewhere. >> Okay. >> Or get up in the morning after sleeping for a few hours and go >> I don't know what else. But >> maybe it's in the cars. Tell me about your cars.

1:54:46 >> Can you sell that car with a car pay? >> We have Well, we have one four like fiveseater car. that is what he takes to work. Uh, that's paid off. And then the one that fits all of us is the one we make the car payment on. That's $686 a month. >> Uh-huh. What's the total amount you owe on it? >> $21,000. >> Okay. Do you know what it's worth? >> I Kelly Blue Booked it this morning. Private party. It was sitting at around 24,000.

1:55:16 >> Okay. What about the five-seater? What's that worth? um that I have had for a lot of years. It's a 2011 14 probably only worth $2,000. >> Yeah. Yeah. Okay. Um I think John's right. I think there's going to be some strong discomfort that's going to take place here in the next couple of months, but it's going to be for a great gain because to your point, you couldn't afford a debt payment even if you wanted to. >> Yeah. the one AC company, the bigger company said that they had a like 18month 0% interest financing option, but the smaller the smaller company doesn't pay anything at all.

1:55:58 >> Here's what I want you to do. It's still a payment. It doesn't matter if there's no nothing uh gaining on it. It's still a payment. What I want you to do, I want you to spend I want you to swap where your brain power is going. Because right now your brain power is going on uh what types of payment plans they're offering, what types of debt there could be, what types, right? I want you to switch all that power and go to okay, what can I do? What can I offer myself? What can my husband offer our family in terms of work? What can I do you see what I'm saying? Just shift all that over because John is right. If you don't take debt off the table, I guarantee you're going to do it. And by the way, if many of those programs that are 18 months no interest, if you don't pay it off in 18 months, all of that back interest is

1:56:42 added to the loan. >> Yes. >> And so, >> um, I do have I'm sorry. Go ahead. >> No, you go ahead. >> Um, we are getting $10,000 in taxes back this year. I did a like a mock estate online. >> Great. >> Um, should we use that to do it? Otherwise, my husband wanted to open a heat lot. >> What? Don't put your house on the block. You have four kids. Please [snorts] don't put your house on the block.

1:57:08 >> Yes, that's what I thought you What? Girl, you should have told us that from the beginning. Now, use that money. >> Use that money. >> All right, we'll do that. But not not a penny more. >> Okay. >> Don't borrow money. >> Understood. >> Okay. >> Yeah, we're we're trying not to. Absolutely.

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1:58:23 Today's scripture of the day is Hebrews 10:35-36. So do not throw away your confidence. It will be richly rewarded. You need to persevere so that when you have done the will of God, you will receive what he has promised. Um y'all don't know this, but producer James Child is Child is one of the hugest Limp Biscuit fans of all time and um in honor of him, uh today's quote is from one of his heroes, Fred Durst. Fred Durst says, "To walk around with an ego is a bad thing. To have confidence in yourself is a great thing." Shout out Fred and shout out James, the biggest Limp Biscuit fan I know. Let's go out to Detroit, Michigan and talk to Zayn. Hey Zayn, what's up man?

1:59:09 >> Hey, how you doing? >> We're doing all right brother. What's up with you? >> So I um just a little backstory, I was an athlete um and then so I left school to pursue a job that I thought was going to be my career. Uh, it turned out it wasn't for me and I got into a little accident and I'm 24 right now and I got a 1.2 million pay settlement. Um, I'm not I don't have much debt, not many expenses. I'm not working anymore. I'm kind of just floating around. I don't have uh a place to really stay. So, I'm kind of just staying in my car for a while. Um, the first check is supposed to be over uh six years. The first check is coming in a couple days and I'm not really sure uh what to do with it.

1:59:58 >> How how much will it be? >> 1.2 million. >> The the first check. I thought you said the 1.2 million is over six years. >> Yeah. 200,000 for 6 years. >> Okay. 200,000. It just Okay. Wow. Okay. [gasps] So, tell me more about tell me more about what you were doing. Tell me more about why you don't have anyone around you and why you're kind of living in your >> in your car. >> Yeah, I was I was living with my girlfriend. Um and then I lost my job. I mean I I was an accountant and I just didn't enjoy it. So I left that and I guess I just >> You left it with no other job.

2:00:42 >> Yeah. Yeah. I mean I I found out about the case and I just I kind of just walked out. a bad decision by me. I drove down to Phoenix. It just also wasn't for me. And so now I'm back in Detroit. I have uh actually a job interview coming up in a couple days, too. So, I'm going to take that more seriously. I just I just don't know where to start. Like, do I get a house? Do I >> Okay. How are you feeling? Are you feeling great or are you feeling like a little down in the dumps?

2:01:11 >> Um Well, I'm scared. I mean, I have no idea what I'm doing, what my purpose is. uh where I'm going in life and then all of a sudden I get a big sum of money. >> Yeah. >> Sometimes this sum of money is like the legal the way they say this legally is to make you whole. Are you going to have ongoing medical procedures or issues down the road? >> No. >> Okay. So, they just wrote you a check that said basically it's like our bad here you go.

2:01:37 >> Yeah. >> Okay. >> Wow. Okay. >> And how old are you, man? >> 24. >> You said you're an athlete for a while. Tell me about that. Uh, I played soccer at Purdue. >> Okay. >> Uh, and then I I left that. I went to Detroit Mercy and then I had a pretty good job uh at Big Boy uh the the restaurant corporate and I was I was doing pretty well. I was doing the accounting for them, but I was just bored out of my mind.

2:02:03 >> Okay. So I think I I think man if I'm totally honest with you the chances of this money you look up in six years and you have you're right where you are right now statistically speaking is very high. So I want to applaud you. I'd hug you if you're standing in front of me. I want to applaud you for reaching out to get wisdom. Like it t it takes a lot of wisdom to say hey I've screwed up. I was an athlete my whole life and I've been floundering with who I am now that I don't have that kind of structure. I thought I want to do this corporate thing that wasn't for me. I screwed that up too. Like you're wise beyond your years. So I want to applaud you. Okay.

2:02:43 >> Thank you. >> But I also hear that not I'm not saying this as a diagnosis, but I hear that underlying I don't want to say depression, but dude, you're just running low right now. And >> I'm just trying Yeah. I I I I think you're worth sitting calling somebody in the local Detroit area and don't tell any of your buddies. You don't have to run your mouth about it, >> but just go sit down with a counselor and say, "Hey, I just want to talk through some stuff." >> Yeah.

2:03:10 >> It sounds like you're carrying a lot of weight. >> Yeah. And I'm just not really sure what the next step is with my life, I guess. >> Yeah. I I think this money hit at a time uh where there's honestly more important things to deal with. Uh if I were you just really quickly cuz I I want John to talk more about this, but if you have a little bit of debt, go ahead and pay it off with this $200,000. You got to get yourself an apartment. This is not the time to think about buying a house or anything.

2:03:44 >> Please don't buy a house. Yeah. >> Yeah. Just just get yourself an apartment near where you do life and keep it modest and then just park the rest of it in a high yield savings for right now. The next check for 200,000. When will you receive that? >> Uh next year, February. >> Okay. So, that's great. This is You're not receiving this. Oh, boy. You're receiving a lot of money, but it could be uh it could be worse if you were getting huge chunks. It could be a lot of damage done. But with this 200,000, treat it like for now, treat it like this is the money that you live off for the entire year, basically until you can figure out what your life is. And >> I love you going to get a job. I think you having something to wake up and go to every day, even if it's boring, is a really good exercise for you right now.

2:04:32 >> I would put a cap. This is just me. This is old me talking to 24y old me. I would put a cap and say, "I'm going to buy a car for 20 grand or less." >> Okay? because you're going to want to go out, you're gonna have $200,000 and you're going to want to go out, you're gonna ask a couple of your buddies and you're gonna end up with a $90,000 car that will depreciate, you know, off a cliff right? >> Mhm. >> But if you go buy a $20,000 car, you get yourself a two-bedroom apartment that's nice, right? And then you park the rest of that money, like Jade said, and you go get a job and you go talk to a counselor >> and start squaring up who am I going to be? What kind of man do I want to become over time? And what steps do I need to take to do that? Do I need to go back to

2:05:09 school? Do I need to go learn a trade? Like, who do I want to become? And I think you got to dig into some of those answers. At the same time, you're living life. You're working a job. You're going out. You're meeting friends. You're dating again. Like, you're you're you're living this life. And what you'll have that most people don't is an $175,000 cushion in a high yield savings account that nobody knows about. >> Right. And I I'll I I'll give you one better because I don't want to be a complete buzzkill on on the fact that you've got a little bit of money coming in here. Once you secure a job and it's the job that you think you're going to work for a while, you can take, let's say you secure a job, you're making, I don't know, $120,000 a year. Then you

2:05:51 can say, "I'm going to take 60,000 and I'm going to buy myself a car in cash." >> Yes. >> Okay. >> You know what I'm saying? And that way you've done the fun thing, but for the most part, this is this is your legacy money. Like you can blow 1.2 2 million in a hot second. You can blow $200,000 a year in a hot second if you're not smart with it. So, >> and everyone around you, listen to me, everyone around you is going to tell you to buy a house, buy a car or two, >> to always pick up the tab when y'all go out to a restaurant to buy crypto to they're going to everyone's going to have an opinion.

2:06:24 I if I got a job, if you get a job and you qualify for it, I'd go I'd just go ahead and fill up your Roth IRA for the I mean, you can do some really smart stuff. You can sit down with a smart investor pro too, >> but I would put that money in a high yield savings account and start to square up the question, who am I going to be? What kind of man am I going to be? >> And because you have found yourself alone right now, I want you to go sit down with a professional. I have done it and it made tremendous difference in my life. And many of the men that I trust have gone to sit with a counselor, too.

2:06:53 I just think that's where you're at right now, brother, because I can hear your voice. >> >> Yeah, it's a I mean it's a blessing, but it's also scary. >> Yeah, it's awesome. But you're the fact that your first thought was I'm going to reach out and talk to a coach first tells me that you're wise. You're wise beyond your years, brother. So, I applaud you. >> Thank you. And there's nobody better.

2:07:13 I've been listening to you guys for a while now. >> That's awesome. Will you make Will you make Jade and I a commitment? >> Yes. >> You'll by March one, you'll be debtree. You'll have yourself a nice but not crazy car. And you'll have yourself an apartment. >> Yeah, I promise. >> And you promise you'll have the rest of that in a high yield savings account and you won't tell any of your other friends this money's coming.

2:07:34 >> I promise. >> Excellent. Now you're on the path, brother. >> Proud of you, dude. >> Um Jade, I don't want to say I'm proud that he got in a wreck and got money or got in an accident, but >> he's okay, so that's good. >> Yeah, I'm glad he's okay. And I'm glad that he's wise and said, "Okay, my life just changed and I don't think I've got the mental or emotional capacity for it, and I'm reaching out for help." Good. If you need to talk to somebody, go talk to somebody. Love you guys. Bye.

Questions about this episode

Who speaks in "Freedom Comes After the Hard Decisions | February 2, 2026"?

John Deloney (Host), Jade Warshaw (Host), AJ (Guest), Renee (Guest), Amanda (Guest), Bridget (Guest), Zayn (Guest).

What is "Freedom Comes After the Hard Decisions | February 2, 2026" about?

The discussion centers on navigating significant debt, specifically a caller's overwhelming financial obligations, including $137,000 in total debt split between the IRS and personal loans. The hosts provide insights on prioritizing debt repayment and the challenges of tax liabilities amplifying financial stress, emphasizing the importance of making informed financial decisions to achieve…

What is mentioned in this The Ramsey Show episode?

19 people, works and ideas are mentioned, including John Deloney, Jade Warshaw, Baby Step 2, Dave Ramsey, Chapter 7 bankruptcy, Nashville. Each one on this page links to its own page with every episode that mentions it.

How long is "Freedom Comes After the Hard Decisions | February 2, 2026"?

The episode runs 2 h 8 min; the transcript is about 23,539 words in 217 timestamped sections.

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