--- title: "The Pressure to Have It All Is Keeping You Broke | November 10, 2026 transcript | The Ramsey Show | Reclip.Me" description: "Full transcript of \"The Pressure to Have It All Is Keeping…\" from The Ramsey Show, November 10, 2026. 2 h 7 min, 25,221 words, timestamped. 8 notable quotes…" canonical: https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript --- Transcript # The Pressure to Have It All Is Keeping You Broke | November 10, 2026 From [The Ramsey Show](https://reclip.me/podcast/the-ramsey-show) · [Episode page](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026) · [Watch on YouTube](https://www.youtube.com/watch?v=pZ1yFB0auXo) November 10, 2026 · 2 h 7 min · 25,221 words · 443 timestamped sections This is the full, timestamped transcript of "The Pressure to Have It All Is Keeping You Broke | November 10, 2026", an episode of The Ramsey Show published November 10, 2026 (2 h 7 min, about 25,221 words). It mentions 65 people, works and ideas, including The Ramsey Show, George Kamel, Jade Warshaw, Emergency Fund, Baby Steps. ## What this episode is about High earners face the dilemma of budgeting and debt payoff, exposing how rigid spending rules and a focus on "getting it all" can leave you financially strained. The discussion highlights the importance of a practical budgeting approach, debt payoff priorities, and rethinking traditional money assumptions. ## Key takeaways - Budget talk can feel like a romance reboot: reframe it as freedom, not punishment, to win trust. - High earners momentarily panic at big cash moves; show pace, not pressure, to maintain confidence. - Big life decisions reveal emotions over finances; couple clarity often beats the numbers alone. - Emergency funds aren’t just safety nets but stress reducers; demonstrate buffer to calm fear, not antagonize. - A plan is a conversation, not a mandate; invite collaboration to keep both partners aligned and engaged. ## Who speaks in this episode? - [George Kamel](https://reclip.me/person/george-kamel) (Host) - [Jade Warshaw](https://reclip.me/person/jade-warshaw) (Host) ## What is discussed, and when 1. [0:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=0) – 15:00: [Dave Ramsey](https://reclip.me/person/dave-ramsey), [The Ramsey Show](https://reclip.me/media/the-ramsey-show), [George Kamel](https://reclip.me/person/george-kamel), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions) 2. [15:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=900) – 30:00: [EveryDollar](https://reclip.me/product/everydollar), [Emergency Fund](https://reclip.me/concept/emergency-fund), [Boost Mobile](https://reclip.me/sponsor/boost-mobile), [North Carolina](https://reclip.me/entity/111513) 3. [30:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1800) – 45:00: [George Kamel](https://reclip.me/person/george-kamel), [EveryDollar](https://reclip.me/product/everydollar), [Term life insurance](https://reclip.me/concept/term-life-insurance), [Guardian Litigation Group](https://reclip.me/sponsor/guardian-litigation-group) 4. [45:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2700) – 1:00:00: [George Kamel](https://reclip.me/person/george-kamel), [S&P 500](https://reclip.me/concept/sandp-500-2), [Fair Winds Credit Union](https://reclip.me/company/fair-winds-credit-union-3), [Christmas](https://reclip.me/event/christmas) 5. [1:00:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3600) – 1:15:00: [George Kamel](https://reclip.me/person/george-kamel), [ACE Scholarships](https://reclip.me/sponsor/ace-scholarships), [Southern California](https://reclip.me/location/southern-california), [The Ramsey Show](https://reclip.me/media/the-ramsey-show) 6. [1:15:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4500) – 1:30:00: [George Kamel](https://reclip.me/person/george-kamel), [Jade Warshaw](https://reclip.me/person/jade-warshaw), [The Ramsey Show](https://reclip.me/media/the-ramsey-show), [Dave Ramsey](https://reclip.me/person/dave-ramsey) 7. [1:30:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5400) – 1:45:00: [George Kamel](https://reclip.me/person/george-kamel), [New Mexico](https://reclip.me/location/new-mexico), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [EveryDollar](https://reclip.me/product/everydollar) 8. [1:45:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6300) – 2:00:00: [The Ramsey Show](https://reclip.me/media/the-ramsey-show), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions), [Building the Marriage You Want](https://reclip.me/product/building-the-marriage-you-want) 9. [2:00:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7200) – 2:07:20: [Emergency Fund](https://reclip.me/concept/emergency-fund), [George Kamel](https://reclip.me/person/george-kamel), [S&P 500](https://reclip.me/concept/sandp-500-2), [Robin Hood](https://reclip.me/company/robin-hood) ## Notable quotes from "The Pressure to Have It All Is Keeping You Broke | November 10, 2026" - > From the Ramsey Network here in the Fairwinds Credit Union studio. This is the Ramsey Show. I'm Jade War. Next to me, George Camel, chopping it up for the next couple of hours about your money. And by the way, if you have. *about [Jade Warshaw](https://reclip.me/person/jade-warshaw) · at [0:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=28)* - > Pay off all of our debt, $460,000 of debt we paid off. But then being able to see that margin every month, now you're rolling it into baby step three, and it's just easier to… *about [Baby Steps](https://reclip.me/concept/baby-steps) · at [22:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1359)* - > Yeah. But anyway, if you guys if you haven't tried Every Dollar, please, I think you'll love it if you just try it for free and you can jump in there. You can download it today for free. I think. *about [EveryDollar](https://reclip.me/product/everydollar) · at [24:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1464)* - > Because kind of skating around the outskirts, Isabelle, you'll kick this can down the road for a while. But if you go all in on the thing that George and I teach, which by the way, we don't. *about [George Kamel](https://reclip.me/person/george-kamel) · at [30:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1819)* - > Welcome back to the Ramsey Show here in the Fair Winds Credit Union studio. Give us a call. The number is8825-55225. *about [The Ramsey Show](https://reclip.me/media/the-ramsey-show) · at [43:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2632)* - > Weight when they default. And that's when they come knocking on your door and say, Hey, will you co-sign? If you say yes to that, you are 100% signing up for their payments in the long term. *about [Cosigning](https://reclip.me/concept/cosigning) · at [1:14:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4466)* - > Can also put I think this year is it's 9,000 for 2027 for family plan and 4,500 individually. If you have a high deductible health plan, then you have access to the health savings account and it's a great way to sock away money. *about [Health Savings Account](https://reclip.me/concept/health-savings-account) · at [1:22:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4940)* - > Hey guys, Dave Ramsey here. Every day on this show, we help people work through real money problems and figure out what to do next. Now you can get that same kind of help anytime with Ask Ramsay. *about [Dave Ramsey](https://reclip.me/person/dave-ramsey) · at [1:56:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6991)* ## Who and what is mentioned in this episode? ### People - [George Kamel](https://reclip.me/person/george-kamel) — Person · Co-host · 23 mentions · first at [0:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=31) Co-host of The Ramsey Show episode, answers callers' questions and provides financial guidance. - [Jade Warshaw](https://reclip.me/person/jade-warshaw) — Person · Co-host · 9 mentions · first at [0:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=31) Co-host of the episode, guides calls, asks clarifying questions, and presents Ramsey advice alongside George. - [Dave Ramsey](https://reclip.me/person/dave-ramsey) — Person · Referenced expert / Founder (referenced) · 16 mentions · first at [0:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=8) Founder of the Ramsey financial philosophy referenced throughout the episode; hosts segments and products referenced (Baby Steps, EveryDollar). - [John Delony](https://reclip.me/person/john-delony) — Person · Author (referenced) · 2 mentions · first at [1:46:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6413) Author of the promoted book 'Building the Marriage You Want' which is advertised on the show. Well, I'm so excited because Dr. - [Arthur C. Brooks](https://reclip.me/person/arthur-c-brooks) — Person · Referenced expert (researcher) · 1 mention · first at [38:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2289) Referenced to support the idea that spending on experiences with loved ones produces long-term joy. And that can be through experiences with people you love, which Dr. Arthur Brook says is the one of the best uses of your money that actually brings joy is spending it on experiences with people you love. on top of generosity, one of. - [Mario (Sherry Coleman's brother)](https://reclip.me/person/mario-sherry-colemans-brother) — Person · Referenced personality · 1 mention · first at [5:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=351) Referenced briefly in passing as having a phrase ('nothing burger') used by a caller/host in the conversation. You realize I mean this is a what Ken Coleman would refer to as a nothing burger. - [Jeff Xander](https://reclip.me/person/jeff-xander) — Person · Referenced insurance professional · 1 mention · first at [32:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1940) Mentioned as the contact at Xander Insurance; hosts reference using Xander for term life insurance. Jeff Xander and the team at Xander Insurance makes it easy and affordable. - [Rachel Cruz](https://reclip.me/person/rachel-cruz) — Person · Referenced personality · 1 mention · first at [1:31:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5511) Name appears as a show-affiliated personality in a sponsor line/announcement context within the episode. Recommended a specific mutual fund, a ticker symbol, because we don't want you investing in something because Jade or George or Dave or Rachel said, Go invest in this. is a… ### Companies & orgs - [Ramsay Solutions](https://reclip.me/company/ramsay-solutions) — Company · Brand reference · 14 mentions · first at [0:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=8) Short reference to the Ramsey brand and its teachings throughout the episode (used interchangeably with Ramsey Solutions). Your emergency fund. All of those things, I try to tell people that it's it's the ticket. if you start walking the baby steps and you're not using Every Dollar, you're like cutting off your own legs. - [HealthTrust Financial](https://reclip.me/company/healthtrust-financial) — Company · Recommended resource · 1 mention · first at [1:25:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5127) Mentioned as a resource for self-employed listeners to shop health plans during open enrollment. And if you're selfloyed, yeah, if you're self-employed, you can tr check out health trustfinancial. That'll help you shop different health plans in your, that you're looking for. They'll. - [Facebook Marketplace](https://reclip.me/company/facebook-marketplace-2) — Company · Suggested resale channel · 1 mention · first at [1:29:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5389) Mentioned as an easy place to sell household items to create quick cash for budgeting/ debt payoff. Listening. Imagine you could create $30 of newfound money every day selling stuff on Facebook. What can I find around the house to sell for $30 total on Facebook Marketplace? That's $1,000 in a month if you do that every day. - [ThredUP](https://reclip.me/company/thredup) — Company · Suggested resale platform · 1 mention · first at [1:30:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5416) Mentioned by hosts as an example resale service to sell clothing and generate extra money to support budgeting/debt payoff. So, my wife used one called Thread Up where you just put it all in a box and just ship it off and they just send you a check for whatever they sold. - [Goodwill](https://reclip.me/company/goodwill-2) — Company · Resale/donation alternative · 1 mention · first at [1:30:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5426) Mentioned as a common place to donate items in contrast to selling them through resale platforms for extra cash. Really? I need to do that. So instead of Goodwill, nothing wrong with Goodwill, but yeah, she'll she'll just get a check for like 300 bucks and that becomes new money to buy more wardrobe that will end up in a box somewhere. So that's fun. - [Robin Hood](https://reclip.me/company/robin-hood) — Company · Referenced investing app example · 1 mention · first at [2:06:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7575) Mentioned in passing as an example platform in a broader conversation about investing/mutual funds and individual investing tools. Is that 3K investments? Is that like in a Robin Hood app or one of those? ### Products & tech - [Ask Ramsey](https://reclip.me/product/ask-ramsey) — Product · Tool / Product · 4 mentions · first at [43:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2634) Free AI-driven money tool promoted multiple times for listeners to get personalized answers based on Ramsey principles. This show, we help people work through real money problems and figure out what to do next. Now you can get that same kind of help anytime with Ask Ramsay. - [Smartvestor Pro](https://reclip.me/product/smartvestor-pro) — Product · Advised service / Referral program · 1 mention · first at [1:46:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6367) Ramsey Solutions service to connect listeners with vetted financial advisors; promoted as resource for investing and retirement planning. The favor if all you do is hope for the best. If you're ready to learn how to make your money work for you, check out the Smart Vesttor program. Smart Vtor can help you find… - [Building the Marriage You Want](https://reclip.me/product/building-the-marriage-you-want) — Product · Book promotion · 3 mentions · first at [1:46:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6415) Promoted product (pre-order) by John Delony; ad read in episode encouraging listeners to pre-order. Well, I'm so excited because Dr. ### Concepts & topics - [Emergency Fund](https://reclip.me/concept/emergency-fund) — Concept · Foundational principle · 6 mentions · first at [4:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=262) Repeatedly referenced as Baby Step 1 (save $1k then 3-6 months) and used as guidance for callers deciding whether to spend lump sums or keep cash on hand. And then I'm going to turn around and save 3 to 6 months of expenses like they've been telling me to do. - [Baby Steps](https://reclip.me/concept/baby-steps) — Concept · Framework · 4 mentions · first at [22:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1364) Core Ramsey Solutions framework referenced repeatedly as the plan callers should follow (Baby Step 1 emergency fund, Baby Step 3, 4, etc.). - [Debt snowball](https://reclip.me/concept/debt-snowball) — Concept · Strategy · 3 mentions · first at [30:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1854) Debt payoff method recommended on the show — pay smallest balances first to gain momentum; callers are advised to follow it. Telling me to do and I'm going to put all of the margin towards my smallest debt and work this debt snowball just like they've been telling me to do. - [Cosigning](https://reclip.me/concept/cosigning) — Concept · Risk topic / Warning · 1 mention · first at [1:13:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4439) Discussed as a dangerous financial move (co-signing on loans/houses) that can damage relationships and place long-term obligations on cosigners. - [Health Savings Account](https://reclip.me/concept/health-savings-account) — Concept · Benefit / Tax-advantaged account · 2 mentions · first at [1:18:21](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4701) Discussed when callers weigh high-deductible plans vs. lower-deductible plans; hosts explain HSA contributions, tax advantages, and employer credits. - [S&P 500](https://reclip.me/concept/sandp-500-2) — Concept · Benchmark / Investment reference · 4 mentions · first at [48:12](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2892) Mentioned as an accessible index fund option for general investing and long-term growth. Guaranteed for 2 years for her to live on and then take the remaining big chunk of the money and just put it into an S&P, put it into again a brokerage account that will just… - [Term life insurance](https://reclip.me/concept/term-life-insurance) — Concept · Protection strategy · 3 mentions · first at [31:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1900) Recommended as important coverage for replacing income and protecting families; discussed in segment promoting Xander Insurance. To not have life insurance is if you hate your wife and kids. And I immediately went and got term life insurance. - [Diversification](https://reclip.me/concept/diversification-2) — Concept · Investment principle · 2 mentions · first at [1:33:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5580) Used to explain why mutual funds or index funds are preferable to individual stock bets and to justify spreading investments across fund types. So if you think about it this way, a single stock is like betting on a single horse. Instead, a mutual fund is betting on the entire racetrack. - [index funds](https://reclip.me/concept/index-funds) — Concept · Investment vehicle (recommended) · 1 mention · first at [1:34:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5665) Mentioned as a simple option (e.g., S&P 500 index fund) that covers many investing needs and can be used instead of selecting multiple mutual funds. They're very similar. Index funds are just passively managed. It's just going to say, Here's the top 500. A mutual fund is a some actual advisor saying, We're going to handpick what companies. - [capital gains tax](https://reclip.me/concept/capital-gains-tax) — Concept · Tax consideration · 1 mention · first at [1:53:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6830) Referenced when callers consider selling company stock — hosts highlight short- vs long-term capital gains and tax implications of selling appreciated stock. Well, you're going to look at your basis, which is what you paid for it, and you're going to look at the appreciation, the gain, the realized gain you would have. And then you're. - [Medicare](https://reclip.me/concept/medicare) — Concept · Policy / Insurance topic · 2 mentions · first at [0:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1) Referenced in sponsor content and as a topic for listeners seeking help; hosts direct listeners to resources for Medicare questions. Insolace is covered by Medicare and insurance nationwide, making it accessible for people everywhere. Look, your only role in this season should be just being a son or a daughter, not a. - [529 Savings Plan](https://reclip.me/concept/529-savings-plan) — Concept · College savings strategy · 2 mentions · first at [57:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3426) Referenced as an available option for saving for college when discussing parents' plans to fund a child's education or housing. So, I like this plan either way of the baby steps are baby step four, invest 15%. If you got kids, let's put some away for the college funds in a 529 plan. And then anything… - [Social Security](https://reclip.me/concept/social-security) — Concept · Income component · 1 mention · first at [48:17](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2897) Used when planning retirement/retained income for a widow; hosts integrate Social Security into income calculations for sustainability. Social Security is 1,500 a month. So we're only talking about 3,000 a month. - [Roth 401k](https://reclip.me/concept/roth-401k) — Concept · Retirement vehicle mentioned · 1 mention · first at [33:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2013) Referenced as a retirement account type when callers discuss converting employer accounts or optimizing retirement allocations. Nice. which I hope to max out this year. - [Education Freedom Tax Credit](https://reclip.me/concept/education-freedom-tax-credit) — Concept · Charitable giving / tax-advantaged gift · 1 mention · first at [1:04:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3845) Promoted as a way for listeners to give to ACE scholarships while receiving a federal tax credit; used in sponsor CTA. It's called the Education Freedom Tax Credit. Right now, there are kids all over the country who can't get the education they deserve because their families can't afford it. That's just not okay. But when you contribute. - [Bitcoin](https://reclip.me/concept/bitcoin) — Concept · Referenced investment example · 1 mention · first at [2:06:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7585) Mentioned briefly as an investment concept in callers' investing discussions. So, I have ETFs and then I have a little bit of Bitcoin and then I have S&P 500, my friend. Well, if you follow your car fund, you just that's nine grand right. ### Places & events - [Ramsey Show Giving Edition](https://reclip.me/event/ramsey-show-giving-edition) — Event · Upcoming special episode · 1 mention · first at [54:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3294) Announced special giving-themed edition of the show to collect stories and highlight generosity; scheduled date mentioned for audience participation. All right, George. One of my favorite segments of the year is coming up. I guess favorite shows of the year. And in a few weeks, we're going to be doing a special giving edition of the Ramsay. - [New Mexico](https://reclip.me/location/new-mexico) — Place · Referenced location · 4 mentions · first at [1:38:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5923) Mentioned as a work location for a caller's upcoming data center job (travel/relocation context). Right. I told her she could do that because if I did want to make this, a real thing cuz I after Alabama, I have to go to New Mexico for another data center that I have to build. - [Los Angeles, California](https://reclip.me/location/los-angeles-california) — Place · Caller location / Cost-of-living example · 1 mention · first at [39:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2349) Referenced by a caller considering moving for affordability; used to illustrate cost-of-living differences and salary adjustments. Let's go to Josh in Los Angeles, California. Hey Josh, how can George and I help out? - [Las Vegas, Nevada](https://reclip.me/location/las-vegas-nevada) — Place · Cost-of-living alternative · 1 mention · first at [40:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2420) Mentioned as a lower-cost move option by a caller thinking of leaving Los Angeles to improve affordability. To live in Vegas, your salary is 130 grand and it says based on your current salary and lifestyle, your Vegas salary would need to be about $82,000 which is 37% below that… - [Disneyland](https://reclip.me/location/disneyland) — Place · Illustrative example · 3 mentions · first at [34:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2069) Used as an example of an experience people might want to give their kids; discussed in callers' decisions about paying for college living vs. experiences. I don't have a single stamp of my passport. Neither is my wife. We never took our kids to Disneyland. I could turn this and say, Okay, I'm going to turn this one into two… - [Southern California](https://reclip.me/location/southern-california) — Place · Regional context · 3 mentions · first at [39:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2360) Used to describe callers' residence and job markets (e.g., Los Angeles area cost-of-living discussion). So I'm 30 years old. no wife, no kids. I'm living in the greater LA area and I'm currently debtree. My biggest goals right now are to invest aggressively so that I can retire early and eventually purchase a home so that I. - [Montgomery, Alabama](https://reclip.me/location/montgomery-alabama) — Place · Job location · 1 mention · first at [1:38:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5895) Referenced as the first out-of-town job location (data center fiber work) offered to an 18-year-old caller. It's it's in Alabama. Montgomery, Alabama. - [North Carolina](https://reclip.me/entity/111513) — Place · Regional context · 3 mentions · first at [16:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=968) Referenced as location of callers, guests, and professionals (e.g., a pastor in North Carolina) in personal finance scenarios. And so my brother and I have decided and we've both agreed that we're giving our portion. The Lord's been good to me. My brother's a pastor in North Carolina. we've decided… - [Christmas](https://reclip.me/event/christmas) — Event · Seasonal context · 2 mentions · first at [52:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3175) Referenced with upcoming holiday-related programming (giving edition) and listener budgeting concerns around gift-buying. Okay. we do this every year at Christmas time and it is definitely one of our most popular shows. It's one of my favorite shows and it's going to be coming up on December 17th.… - [Miami, Florida](https://reclip.me/location/miami-florida) — Place · Caller location · 1 mention · first at [0:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=49) Referenced as Dave (caller) location early in the episode. I can't wait to hear from you. Let's go to Dave who's in Miami, Florida. Hey Dave, welcome to the show. - [Spokane, Washington](https://reclip.me/location/spokane-washington) — Place · Caller hometown reference · 1 mention · first at [32:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1971) Caller mentions being born in Spokane; used as personal background context in conversation. Let's head back to the phone lines where we have Mike who's in the city I was born, Spokane, Washington. Hey Mike, how can we help out today? - [Arizona](https://reclip.me/location/arizona) — Place · Relocation option · 1 mention · first at [40:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2420) Mentioned as a suggested lower-cost-of-living relocation option for a caller considering moving from California. I'm considering maybe Las Vegas or Arizona. That way, I wouldn't be too far from my family in California. - [Riverside, California](https://reclip.me/location/riverside-california) — Place · Caller location · 1 mention · first at [1:07:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4068) Referenced as the location of a caller discussing cosigning a mortgage with parents. I do, too. Let's go to Jonathan. He's in Riverside, California. Hi, Jonathan. - [Columbus, Ohio](https://reclip.me/location/columbus-ohio) — Place · Caller location · 1 mention · first at [1:48:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6481) Referenced as the caller location for a listener asking about gifting children $100,000 each and how to structure gifts for a parent. I appreciate you some expert advice from you. My wife and I are in our 60s and retired and we want to give a substantial gift of money to each of our three kids. it started out with one of them wanting to buy a house and I. - [Savannah, Georgia](https://reclip.me/location/savannah-georgia) — Place · Caller location · 1 mention · first at [44:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2644) Referenced as the hometown/region of a caller; used as background context for caller's accent and question. We would love to hear from you and answer your question about money personally. Let's go to Chad who's in Savannah, Georgia. Hey Chad, thanks for joining the show. - [Dallas, Texas](https://reclip.me/location/dallas-texas) — Place · Caller location · 1 mention · first at [55:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3308) Referenced as caller location providing context for a question about buying a rental for a college student. Like no one else so that later you can live and give like no one else. I love it. Let's go to Mary who's in Dallas, Texas. Hey Mary, you're on the show. - [Jacksonville, Florida](https://reclip.me/location/jacksonville-florida) — Place · Caller location · 1 mention · first at [57:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3479) Used to identify a caller asking about paying off vehicles today; local context only. Okay. I just am trying to convince my husband to pay off both of our vehicles today and I wrote out a budget and I just wanted to see if it makes sense to you guys to convince him because he's. - [West Virginia](https://reclip.me/location/west-virginia-3) — Place · Caller location reference · 1 mention · first at [1:05:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3920) Referenced as the origin of an emailed question read on air regarding consolidating auto loans with a personal loan. All right, today's question comes from Rick in West Virginia. George, let's see what we got. He says, Am I crazy for considering getting a personal loan to get rid of two of my three auto loans? - [El Salvador](https://reclip.me/location/el-salvador) — Place · Potential retirement location · 1 mention · first at [1:09:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4142) Mentioned as where a caller's parents might move in retirement; used to illustrate family relocation plans tied to multi-generational housing questions. As soon as possible and that by the time they retired they would be they wouldn't live here anymore. They would live in El Salvador. - [Fort Lauderdale, Florida](https://reclip.me/location/fort-lauderdale-florida) — Place · Caller location · 1 mention · first at [1:17:03](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4623) Referenced as the city of a caller asking HSA/insurance questions. I was just hoping that you guys could clarify some of this HSA information for me. I'm looking at it looks like craziness between my husband's job and my job and all these. - [Colorado Springs, Colorado](https://reclip.me/location/colorado-springs-colorado) — Place · Caller location · 1 mention · first at [1:26:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5189) Referenced as location of a caller asking about micro-payments on an auto loan. We'd sure love to hear your call. Rachel has called in. She's in Colorado Springs, Colorado. Hey Rachel, how can George and I help today? - [Memphis, Tennessee](https://reclip.me/location/memphis-tennessee) — Place · Caller location · 1 mention · first at [1:36:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5788) Referenced as a caller location for a viewer asking about taking a job out of town. You resonated with on today's show. We want to hear from you guys. Keep that conversation going. Next up, we have Xander who's in Memphis, Tennessee. ### Media & podcasts - [The Ramsey Show](https://reclip.me/media/the-ramsey-show) — Media · Radio/Podcast program · 12 mentions · first at [0:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=29) Primary media program for the episode; the show where hosts answer callers' money questions and run sponsored reads. ### Sponsors - [EveryDollar](https://reclip.me/product/everydollar) — Product · Budgeting app / Product promoted · 12 mentions · first at [0:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=14) Ramsey-owned budgeting app repeatedly recommended as the tool to implement the Baby Steps and manage budgets. - [Boost Mobile](https://reclip.me/sponsor/boost-mobile) — Sponsor · Sponsor · 3 mentions · first at [20:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1235) Episode sponsor; ad read encourages switching to Boost Mobile to save money on phone service. With Boost Mobile, you get unlimited wireless for $25 a month to help you save money for other more important things. And that $25 price is locked in forever. No hidden fees, no surprise. - [Churchill Mortgage](https://reclip.me/sponsor/churchill-mortgage) — Sponsor · Sponsor / Mortgage service · 1 mention · first at [9:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=599) Sponsor read encouraging listeners to contact Churchill Mortgage for homebuying strategy and preapproval. So, start your search with Churchill. - [Fair Winds Credit Union](https://reclip.me/company/fair-winds-credit-union-3) — Company · Sponsor / Bank partner · 5 mentions · first at [0:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=28) Sponsor mentioned in show opening/closing promoting the 'Live Like No One Else' debit card and smart bundle products. Holidays doesn't mean giving up your free spirits. It just means being smart about it. So get your live like no one else debit card by opening a smart bundle today at fairwinds.org/ramsey. - [Xander Insurance](https://reclip.me/company/xander-insurance) — Company · Sponsor / Insurance provider · 3 mentions · first at [32:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1940) Sponsor mentioned for term life insurance recommendation; ad read includes call to action to visit xander.com or call. Term life insurance. Jeff Xander and the team at Xander Insurance makes it easy and affordable. I've used them personally for 25 years. They're the only people I trust. Go to xander.com or. - [Guardian Litigation Group](https://reclip.me/sponsor/guardian-litigation-group) — Sponsor · Sponsor / Legal debt service · 3 mentions · first at [42:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2575) Sponsor mentioned as resource for people being sued by creditors and negotiating/securing settlements. Remember feeling so scared I couldn't breathe. But it's not too late to get out of this mess. Contact Guardian Litigation Group. Guardian is not a call center. They're a real… - [ACE Scholarships](https://reclip.me/sponsor/ace-scholarships) — Sponsor · Sponsor / Donation tax credit program · 2 mentions · first at [1:04:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3845) Sponsor promoted during ad read encouraging listeners to claim the Education Freedom Tax Credit by donating to ACE Scholarships. $120,000 scholarships to families, almost $400 million. Guys, this is a nobrainer. Learn more about ACE and this amazing opportunity at educationfreedom.org. - [Solace](https://reclip.me/sponsor/solace) — Sponsor · Sponsor / Health advocacy service · 2 mentions · first at [1:15:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4518) Sponsor promoted service that pairs families with health advocates to manage care for chronically ill parents; ad read targeting listeners facing caregiver burdens. Carrying the weight of a chronically ill parent and you need help navigating the medical system, check out Solace. See if you qualify by going to solacealth.com/ramsey. - [Chapter](https://reclip.me/sponsor/chapter) — Sponsor · Sponsor / Medicare advisory service · 1 mention · first at [0:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4) Episode sponsor read recommending Chapter for Medicare questions and advisors. Just sticking with your existing Medicare plan could be an expensive decision. Let Chapter review your options for free. Learn more at askchapter.org/ramsey. ## Full transcript with timestamps [0:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=0) Just sticking with your existing Medicare plan could be an expensive decision. Let Chapter review your options for free. Learn more at askchapter.org/ramsey. 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 and your money. from the Ramsey Network here in the Fairwinds Credit Union studio. This is the Ramsey Show. I'm Jade War. Next to me, George Camel, chopping it up for the next couple of hours about your money. And by the way, if you have questions about your money, we want you to call in. You guys make this show go round. So, give us a call. Maybe you've never called in before and it'll be your first time. The number is 888255225. [0:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=49) I can't wait to hear from you. Let's go to Dave who's in Miami, Florida. Hey Dave, welcome to the show. Hi there. Thanks for taking my call. [0:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=59) Yes, sir. How can we help? Well, funny enough, I just started down this Ramsay highway about three months ago. Uh my wife and I have been married for many, many years, and I totally freaked her out with uh the stuff I've been throwing at her. [1:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=75) Oh boy. What freaked her out? Yeah. What you been throwing? Well, uh budget that that I didn't realize that was going to trigger her. We've never never We've never had a budget ever. [1:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=87) That can sound like a customer. How many years you been married? We've been married for 20 years. Um we [1:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=93) Well, she's like, "Who is this guy talking about a budget?" She's Oh, she's like freaking out. \[snorts\] So, um we we're high income earners. Um and I we have one paidoff car and I wanted to just pay my car off and she kind of kind of boked at that. And then I guess we were kind of a little confused as well about um 50% for wheels and engines, 25% with a mortgage, that's like 75% and only leaves 25% for bills and other things. So I just wondering if you could walk me through that uh your rationale behind that and maybe help us with uh making the decision to just pay off our car loan. [2:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=140) Yeah. So, let's go back to the budget because I think it's worth noting this. You've been married 20 years and you're like a new man coming home. She's like, "Where's who are you and what have you done with Dave?" Right? And you know, as a high income earner, I'm sure she's used to some level of kind of spending without end and nobody's asking her and she's not telling anybody anything, right? And for a lot of people, when you introduce a budget for the first time, [2:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=164) their first encounter with it, it feels restrictive to them. it feels like some sort of a a punishment for them. And you really do have to introduce the budget um as a form of freedom. It's just the spending plan. It's not handcuffs. It's not something that's going to take away all your fund. It's not a punishment. So, the way that you frame that up is going to be really important in the types of phrases that you use going forward regarding the budget is going to be really important. um and not associating the budget with no or negative, but instead associating the budget with this is us being in in control. We have a plan. We said we're going to do this. The budget lets us do this. It's going to let us have this. [3:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=204) Right? And just starting that conversation and starting that vocabulary off in the on the right track is really going to help both you and her uh with this new lifestyle. [3:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=215) So, why are you starting a budget after 20 years? Well, I just kind of been feeling like all the money we make every month, I I don't know where it goes. Um, [3:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=227) have you said that to her? Yes. And what did she say? She's I think she's slowly kind of feeling that way too [3:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=236) cuz you said she bocked at the idea of paying off the car. You sounds like you have the savings to do it. What scared her about that? I think she was worried that um if there's upcoming things like taxes or you know other expenses uh that where we haven't really been thinking of [4:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=260) Okay. Is she right? Do you guys will you guys still have an emergency fund and still have enough to pay taxes? we would have uh well with as much money as we make we should be able to if we paid off the car we should be able to really suck that away and and recreate the emergency fund pretty quickly. [4:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=279) So how much cash do you have now in that emergency fund? So the the liquid cash is about 95,000. [4:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=288) Okay. What do you owe on the last vehicle? Uh the payoff is about 68,000. Okay. And uh is the car the only debt that you guys have or are there any credit cards? Are there any home equity loans? Anything else out there? [5:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=306) No. Uh we have a mortgage, but uh otherwise no other consumer debt. Uh we we we still do use credit cards, but literally since we've had them forever, we pay them off every month. So, that was a another shock to our system. [5:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=322) And what's your income transitioning from that? Um, uh, about $727,000. Fantastic. [5:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=331) Wow. And we're concerned about reaching over and paying off this $68,000 car when you're bringing in so much money per month. [5:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=339) That's like one month of your gross income. Yeah. Come on. You could save that back up real quick. [5:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=344) I I agree. And we have significant uh we have about 6 million in retirement. You realize I mean this is a what Ken Coleman would refer to as a nothing burger. [5:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=356) That that's how I feel. But it's more it's more emotion than facts is what we're trying to get at. And so you're trying to show her the facts of hey, we're free we'll free up a car payment. We'll stack back up the savings in no time. But because this is new to her, seeing $70,000 leave an account at once instead of it siphoned away into car payments is scary for her, [6:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=375) right? Yes. Yes. 100%. And so you could have written a check at the front and just bought this car in cash, right? [6:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=382) That also would have been scary for her cuz just a giant amount of money leaving the account. And that's a normal human thing to experience is we saved, we worked hard for this money and now it's gone. [6:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=393) Now it's not technically gone. It's sitting within the car going down in value, but it's still a thing you guys wanted. Whose car is it? [6:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=401) Uh, well, I guess technically it's ours, but but it's mine. My I I'm the one that uses it primarily. [6:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=407) Okay. So, you have a new value it sounds like in your life, which is, hey, I'm getting older. I want to be just having having a plan for my money. I don't want to owe people money. I'd like to get out of debt. And this is kind of new information for her as a family value, it sounds like. [7:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=421) Uh, yes. So, let's cover the parameters before you go. The 50% when it comes to cars is not about payments. It's about the value. So, we would say no car payment is the goal. 0 in payments, but 50% is the value of all things with wheels and motors in your household of your annual income. So, you make 700,000. That doesn't mean you need to go get $350,000 in car. We can agree. [7:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=445) Yes, 100%. Great. So, that's that that's that parameter. So, it's not too much of your world going down in value. That's the whole goal there. The 25% with the mortgage is to make sure you're not house poor. Because if your mortgage is 50% of your take-home pay, you're going to have a hard time investing 15%. Saving for the kids' college, paying off the house early, saving up for vacations, the car upgrades, all of that. [7:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=464) And I'm fairly certain that's not the case for you either, is it? Uh uh correct. We we have our daughter's education paid for and uh everything's pretty much [7:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=475) fantastic. Well, you know what the good news is in the budget? What you should show her is all the margin. That's the part that will get her excited. Say, "Hey, look. This is our household expenses, $10,000. We still have another $20,000 to allocate. What if me and you came up with a plan for that money instead of letting life decide?" That's all you're doing in the budget. [8:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=494) Yeah, I'm I'm we're trying with I do have the Every Dollar app and uh did FPU and the workbook and I'm blowing at it crazy. So, [8:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=505) fantastic. Trying to get my wife on board. Well, make it make it more of a dream meeting than a uh you know, come to Jesus meeting where it's, hey, your spending's been out of control. It's time we get on a budget. [8:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=514) Yeah. Maybe we make the meeting less about getting on a budget and paying off debt and make it more about being able to be generous, more about being able to spend money in ways that make you guys feel energized and give you joy. And all of that is a process of the budget. It's not just for paying off debt. It helps you accomplish whatever your money goals are. [8:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=532) Maybe that car payment turns into her fund money. That's an interesting idea. She'd probably love that. If you're waiting for rates to drop before you buy a home, here's what nobody tells you. When rates fall, every buyer who's been sitting on the sidelines makes their move at the same time you do. That means more competition, higher prices, bidding wars, all that. That's why I tell people to talk to Church Hill Mortgage before they do anything else. Church Hill gives you a strategy so you're not at the mercy of the market. They can show you what you can afford, not just what the bank will approve. And with their certified home buyer program, your financing is completely secured before you shop, which means when rates drop and everyone rushes in, you're already ahead of the crowd. You're not scrambling for preapproval while the house goes to someone else. My husband and I bought both of our homes with [9:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=593) Church Hill, and having a real strategy, not just a rate we were waiting for, made us ready when it really mattered. So, start your search with Churchill. Click the link in the description or go to churchillmortgage.com/ramsey offer for an exclusive Ramsey audience offer. Churchhill mortgage.com/ramsey offer. [10:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=624) Let's head back to the phone lines. We have Doug who's in Bismar, North Dakota on the line. Hey Doug, welcome to the show. [10:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=632) Hi, welcome. How are you doing? I'm doing all right. How can George and I help? [10:37](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=637) Uh, I have a 26-y old stepson or he'll be 26 in January. Great young man. and came into my life about eight years when he was eight years old. Anyways, he's got a ton of money saved up. He's got a He's a RN. [10:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=657) Mhm. Works works his tail off and he's got He just showed me the other week he's got 280,000 of his personal money. [11:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=669) Wow. He's living at He's living at home. He's still here. Everybody gets along. Great. You know, great. And he's got 100 and some in his 401. What I'm looking at is how do you protect that money down the road? Let's say currently he's not dating, but if he would, let's say he gets a girlfriend, they get married, two years it goes south. [11:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=698) Oh boy, you've really played this thing out. Why such a negative why such a negative uh spin on on the next two years versus the positive outlook? [11:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=709) Oh, no. I hope it's all it would all be positive. What I'm stating is that's a whole lot of work we've stuck into this young man [11:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=719) and I hate to see it I'd hate to see him lose half of it. Okay. South, you know, you [12:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=727) Yeah. Uh, I mean, on the one hand, so let's level set a little bit. When you when you ran out his numbers, I thought, man, yeah, you're right. He's doing an excellent job. He's done a a great savings. And in my mind, I thought, "This cat needs to move out and use this cash and buy himself a place in cash. What a great idea." That was my first thought. Um, and if he meets somebody, my guess is they'll date for a while, they get engaged, they get married, and she'll want to move into a new house, and they'll sell that property and move into something else. Right? That's kind of if you asked me to play out the scenario, that's the advice I'd give him and that's probably what I'd see happening. And let's pretend over time his relationship did go south. Heaven forbid. Well, then they'd be, you know, um they'd be held to whatever the divorce laws are of their state, which it tends to be a 50/50 split in that [12:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=777) case. But if you're insinuating that he needs to do a prenup, I don't know that I would suggest that at this point. Who knows who he's going to marry? What if she has all the wealth [13:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=787) right now? She needs to be protected from him. Good point, George. Well, I thought of Yep, I've thought of that also, but I It's just the way the world goes nowadays. You you you hate to lose a lifetime worth of work. I know he's young, but it's it's a lot of sacrifice by myself and the wife, you know, to get him. He's a good great listener. I'm very proud of him. [13:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=816) Well, I think he'll pick a good lady then. It sounds like you've raised him well. [13:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=821) He's got a good head on his shoulders. Who does he choose? Is he aligned with money values and principles and goals with this person? So, regardless of how much wealth they have, they're going to build a whole lot more together than whatever he brings into the marriage. [13:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=834) Right. Correct. So, if if he's if someone's going to marry him just for the money, sure, that's a problem. But you would hope that this guy's got a head on his shoulder to where he can sniff that out pretty quick. [14:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=845) And so there are tools. I mean, there is prenups where you can set one up if there's a specific gap in wealth. But it's not a bridge I would cross until we get there and there he's got $7 million and she's broke. Okay, that might be a scenario. Or there's some crazy family involved and let's protect everybody involved here. But it's not something where I would pre-plan for him to go, "Hey, it's going to happen eventually. Might as well protect yourself." And if I were to give a piece of advice for this situation, it's probably Doug not what you called into here, but my number one piece of advice would be he's 26, he's got plenty of money, he's got an excellent job. One of the ways that you can set him up for success is to push him out into the world. Push him out to live on his own because that's where he's really going to learn kind of the street smarts to take care of himself, to be able to judge people's character [14:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=892) pretty quickly and say, "Hey, this is a good choice. This is not a good choice. This person is on my side. this person's not on my side. I can judge, you know, red flags and orange flags and green flags when I see them. And so, a lot of that comes from having some experience out on the own and not having mom and dad kind of in your ear the moment you get home from work. [15:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=913) I heard some interesting advice for dads especially is you have three roles as a dad over the time they're, you know, from kids to adults. And the D, first D is direct. So, you're directing a child. The A is for advice. As they get older, now you're advising them. And then when they become adults, it's discuss. And so, it's just a discussion. You're a It's almost like you're a partner. You're a friend, you know, who's giving advice versus a dad. And so, that's the hard part about is letting go and realizing he can make his own choices. [15:42](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=942) He's a grown man. I can't tell him who he can and can't date. And especially if he's on his own, I think that's the hardest part Doug's having a hard time with. and I'm going to be in the same boat is letting go and realizing I want to have control over the future and make sure that he's okay. And that's the hard part about living is it's a fallen world. [16:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=960) Yeah. And and you can't save him from every mistake. That's just part of it. Uh I say that with a six and a eight-year-old. What do I know? Let's go to Marie who's in Raleigh, North Carolina. Hey Marie, how can we help today? [16:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=973) Well, hello. Thank you both for taking my call. My question is, should I relocate to another home and stay where I am at? [16:21](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=981) Well, lay us out lay or should I go now? Okay. So, I'm retired military, but I did some stupid stuff. Um, I took my retirement at 59 and a half and upgraded my home, traveled a little bit, and paid off all the debt we had. My husband died January 2025. or with the pensions and my military pensions, my income is $10,994 a month. Um, my margin is 6,834. I do spend 1,500 investments of that. I have 144,000 invested so far, 50,000 um emergency fund. I'm totally debtree thanks to you all. I'm playing a little late [17:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1021) and you know your numbers, Marie. Come on now. I'm not hearing a lot of stupid in here. I got to keep up. My pen is smoke is coming off my pen. [17:10](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1030) So, you want to save up to move. You have a paid off home. What's the new home going to cost? [17:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1036) Um 300. And I set I'm going to set aside $3,30, but I don't have a great big retirement fund because I spent it all up. But my home is worth two thou $28,000. So, I'm asking you guys, if you were me, would you move after you save up the $100,000 or would you stay? I was married here with my husband for 24 years and I kind of want to start new. Yeah, I think I think you have it because the pension's not going anywhere, right? [17:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1061) No, ma'am. No. So, you're making the 11,000 bucks a month and uh you've only got to save up another hundred to make this to 300,000. How quickly can you do that? [17:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1071) Um about three years. Three. You just told us your margin was 6,800 bucks a month [17:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1076) with zero debt. Yeah, that's 81 grand a year. That's awfully close to $100,000 in a year you could save. I bet if we gave you an every dollar budget, you could lock in that margin even more and make sure all of those dollars are going towards saving up that that that um down payment. [18:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1095) Well, I do have every dollar. I'll go back and look at it and and change some numbers around, but I do have every dollar. So, I can go back and make [18:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1102) Plus, you're investing Plus, you're investing 15%, right? Right at 1500 right now. I was doing 2,000, but because I want to save for on home, I went from 2,000 down to 1,500. [18:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1114) And I'm fine with that for a 2-year period. I think that that's okay for you to do. Um, but I don't I I I have no problems with this plan. I think it's a good plan. I think it's a fresh start for you after such a tough loss, which by the way, I'm so sorry to hear that. That's really hard to move on from. But I think that this will help you have a newness in your routine for sure. And even if you wanted to do it today, let's say you took on a small mortgage of $90,000 and you did this today, you'd still be okay. [19:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1140) Debt is off the table for a while. Off the table. I mean, I love staying debtree as much as anybody. But I'm just saying, if this was a three-year thing and you're like, I really want to move this year, you'd still be well within our parameters. You'd be doing great. [19:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1154) Absolutely. And of course, you know, our 25% rule. We want to make sure that you're taking out a 15-year fixed rate mortgage. That's what we suggest here. one where the payment is no more than 25% of your take-home. That's kind of the sweet spot where we find people have still have the room in their budget to do the things they need to do with money. You're still able to save for retirement. You're still able to live your life. And that way the house is a blessing and not a burden. [19:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1178) I like this stretch goal. Can we save a h 100red grand in a year up in a high yield savings account? I think she can do it. [19:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1184) A woman who knows her numbers like that. That was crazy. I had to keep up. She was spitting bars. [20:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1214) If you're frugal like me, you're looking for every extra dollar you can squeeze out of your budget. But when was the last time you looked at the bills you have on autopay like your phone plan? You might be paying a h 100red bucks or more every month and for what? Regulatory cost recovery charges, telco recovery fees. What even are those? And the good news is there's hope. You could be paying just 25 bucks a month if you switch to Boost Mobile. That's right. With Boost Mobile, you get unlimited wireless for $25 a month to help you save money for other more important things. And that $25 price is locked in forever. No hidden fees, no surprise charges like customer proprietary network information notification costs. [20:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1252) Nope, not happening with Boost Mobile. Plus, with Boost Mobile, you get to keep your phone and your number with no long-term contracts. Guys, switching to Boost Mobile is the smart move because it's one of the best ways to get more out of your budget. So, go to boostmobile.com/ramsey and make the switch today. That's boost.com/ramsey or click the link in the description. [21:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1271) $25 forever requires customers to remain active on Boostmobile Unlimited plan. George, do you remember when Every Dollar came out? I think it was like 2016. [21:30](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1290) I think it was 2014. 14. Was it that early? I had just started here like a year ago when it came out. And I remember being in the lobby the moment they announced it. [21:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1299) I remember I was so excited because I was always, you know, used to doing my paper. I had like um a Dave calls him a legal pad, but like you know like a pad of paper and Sam and I would do our budget on that. And we had just paid off uh my car, which was a Jeep Liberty doing like the the old school budget system. But I could not wait to use Every Dollar cuz I was like once I have the power of the computer, we'll be able to go at like light speed. And truly, ever since then, I've been using Every Dollar. And it did. It made paying off debt so much easier. Number one, both of us could see it. So, we went from having this legal pad and like the checkbook ledger that we each had [22:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1339) handwriting. Yeah. And but we each had to write in the little checkbook ledger. And you know, that was a problem cuz Sam's handwriting is an issue. And so, [22:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1346) you're really dating yourself now. I know I am. But just the the very first iteration of both of us being able to just log in and then like over time now it's on your smartphone and all these things, it has it has made managing our money so much easier. we were able to pay off all of our debt, $460,000 of debt we paid off. But then being able to see that margin every month, now you're rolling it into baby step three, and it's just easier to stack up the 3 to six months of expenses. And just seeing that number grow every time when you do your emergency fund. All of those things, I try to tell people that it's it's the ticket. Like, if you start walking the baby steps and you're not using Every Dollar, you're like cutting off your own legs. [23:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1384) Yeah. It's actually so empowering to use a budgeting app like Every Dollar to achieve your money goals versus it just floating around in your head and hoping it happens. Yeah. The budget is where it actually comes true. It's where it actually comes true and it's so motivating. There's just something motivating about every month plugging plugging in what you're going to get paid every month and then plugging in your your expenses and being in control of the plan. I think sometimes out there with affordability and everything that's going on in people's finances, it kind of feels like the world is taking over. [23:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1413) the point of doing a budget. Yeah. But knowing, hey, every month before the month begins, I'm a person who kind of starts looking ahead at like the 20th. The 20th is kind of when I'm like, okay, I need to start [23:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1423) 10 days ahead. Jade is like, let's plan. When do you start? I'm I guess I'm a late a late planner. [23:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1429) Are you? When do what do you as it I'm like the two or three days ahead. I start talking to my wife going, "Hey, what's coming up for December that we got to plan for for expenses? We get the birthday party. Let's add that in." So, I start to kind of it's it percolates. it percolates. But I look I look forward to it. I It's just I don't know. It becomes kind of one of those rhythms in a routine in your life and I'm the person in my house that kind of starts the conversation. I like to fill in the numbers and then I'm the one bringing Sam in. Are you the [24:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1458) Yeah, I'm the presenter. You're the presenter. Yes, I'm the presenter as well. I like to get it dialed in. Then I show her and we go through it. [24:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1464) Yeah. But anyway, if you guys if you haven't tried Every Dollar, please, I think you'll love it if you just try it for free and you can jump in there. You can download it today for free. I think you'll really love it. It's pretty um what's the word that it it's intuive. Yeah, there you go. [24:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1479) I'm not a tech person and so I actually really like every dollar because I don't have to use my brain. It just works the way I need it to work. [24:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1487) Anyway, beautifully said. Thank you. Isabelle is in Charlotte, North Carolina. Hey Isabelle, how can we help today? [24:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1494) Hey. Um, so my question is, so we have a house and uh I'm I'm realizing we're pretty house poor and I wasn't we kind of went off by, you know, the bank approved us for this much and we didn't want to pay that much, but that was the only option that was available it seemed like to us in August of 2024. So, um, that's taken up like what I'm calculating is 33% of our income. So, we're thinking that we want to move out like by next year when my son is done with um elementary school. [25:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1529) Okay. But I 33% feels like a a drastic move. I wonder if there's other things that are also tugging at your budget that's making it feel really tight. [25:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1541) If it was 25%, would you still have the this tug to move? We could probably wait. Here's another thing. Well, we did the 5-year ARM and that makes me nervous. We didn't know. [25:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1553) We didn't know. We didn't know it was a big deal. And um then we have we weren't paying attention to the student loans. They weren't permit forever because I bought into that whole, hey, some of them are going to start being forgiven. [26:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1565) Anyway, we're not doing that anymore. I paid like 20,000 toward them this year. [26:10](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1570) So, that's what you're feeling. It's the ARM. It's the consumer debt. And the mortgage is just one more thing glaring at you saying, "Why'd you do this? Yeah. And um like I said, I wasn't really like paying attention to all this stuff. I was putting everything on a credit card, paying it off at the end of the month, like all the things that you say don't do. [26:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1588) Well, what if we cleared the deck and then reassessed with this house stuff? What if you just waited, paid off your consumer debt, [26:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1594) and maybe you can refinance down the line and get out of this arm? Would that solve a lot of this [26:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1599) and and we got your mortgage down a little bit, but 33% is not so out of whack that I'm going to tell someone to sell their home. Especially if you factor in are you guys do you have any other deductions coming out of your paychecks before it lands in your bank like health care premiums anything like that? [26:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1615) Yeah, the 33% that I'm counting I'm calculating that with just you know what we're getting in our checking account. Okay [27:03](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1623) cuz our 25% parameter is really just after taxes but before other deductions cuz someone might be investing 15%. and paying health care premiums. That's going to make their take-home look drastically different even though they have a fantastic income that can support it. So, I think if you redid the math based on that, it would actually be much closer to 25%. [27:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1644) Um, I did factor in the like our HSA like that's in this amount in our income. I didn't count, you know, the Yeah, I was only counting the the taxes like you said. And then right now, we did pause investing. [27:37](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1657) Good. because we're trying to cut we we're trying are these student loans are really like eating. [27:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1663) How much are the student loans? I'm sorry. How much is the total of the student loans and then how much are you putting towards it every month? [27:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1671) So, right now it's 58,000. Mhm. And the payment that we did some extended payment of 342, but then I'm taking them down like like big chunks, paying off the little ones, you know, like [28:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1684) what are you putting towards that snowball? Uh well, let's see. Right, the minimum payment is 342 and then back in May, I paid off like uh 20,000 towards the student loan. [28:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1699) So, you're saving up chunks and paying it off in chunks. Yeah. How much could you do per month? [28:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1704) I for month is just the 342. I'm not putting anything. But how much could you put toward it? [28:30](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1710) Oh, I don't know because um we haven't started the budget. So, what what allowed you to put what allowed you to put the $20,000 chunk? Was that a bonus you received? How were you able to have that stack of money? [28:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1724) I I pulled it from a savings account. Okay. We had sold a house in the past and we still had some leftover money and I thought, well, it's sitting there. [28:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1734) I need to like, you know, um and also because they were trying to hit me with like, oh, you need to pay 700 a month or $2. I thought I can't do that. [29:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1742) Okay. So, let's give you a plan that will help you to have some sustainability, help you to feel like you're making progress every single month. And first off, I would say if you have any other savings laying around, we need to know about it because that's going to help. Do you have any other savings laying around? [29:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1760) There's probably like 10,000. I was kind of keeping that for emergency. I know you guys say a thousand, but I felt like a thousand is not going to do anything for me. [29:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1767) Okay. So, here's here's my challenge to you. Listen, selling your house out of fear and fire is going to cost you more than the 10,000 that you're hanging on to right now. [29:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1775) It is. And I really I want you to spend some time thinking about this because you're going to go away from this call today and you're going to, you know, get back into life and things are going to, you know, crowd your day out and you're going to forget about this call in many in many ways. But the thing I want you to take away from is you know what we teach, don't you? [29:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1796) Um, I do know. You do know. So, here's the thing. You got to decide, Isabelle, what it's going to be. You've got to decide, am I going to follow this plan? I'm listening to them. I hear what they're saying. Something about it is striking accord with me cuz I'm listening and I'm even calling in, which by the way, thank you so much for the call. But that's not enough. At some point, you have to decide, am I going to go all in on this? Because kind of skating around the outskirts, Isabelle, you'll kick this can down the road for a while. But if you go all in on the thing that George and I teach, which by the way, we don't just teach it. Both of us have done it. [30:30](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1830) George has paid off over $40,000 of debt. I've paid off almost $500,000 of debt doing this plan. So, we can tell you it works. But at some point, you're going to have to go, I'm all in, which means I'm taking this $10,000 and I'm going to bring it down to $1,000, baby step one. I'm going to put the other $9,000 on the debt. I'm gonna get on an every dollar budget like they've been telling me to do and I'm going to put all of the margin towards my smallest debt and work this debt snowball just like they've been telling me to do. [30:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1859) And then I'm going to turn around and save 3 to 6 months of expenses like they've been telling me to do. [31:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1878) Statistics show that half of Americans don't have enough life insurance or they don't have any at all. I don't understand this, John. Why don't people want to take care of their family? They think they're going to die or something. Well, I used to be one of those guys. I didn't even think about it. And one of my buddies said, "Hey, the only reason to not have life insurance is if you hate your wife and kids." And I immediately went and got term life insurance. [31:42](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1902) That's a gut punch. And oh, you're telling me and for for decades, Dave, I've sat across people who've lost a spouse, they've lost somebody important to them, and they don't know what to do next. [31:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1912) Me, too. I mean, you're going to have a crisis here. And you know, you got two options while you're sitting and talking to a young widow. She's concerned about how she's going to invest all this money properly and not mess this up, or she's concerned how she's going to eat tomorrow. That's exactly [32:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1924) these are the two options. Take care of your dad gum family. Term life insurance can replace income, pay off debts, cover funeral expenses so your family can actually have the opportunity to just be sad. Yeah. [32:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1935) To just miss you. That's exactly what it's supposed to be. It's saying I love you to your family. Term life insurance. Jeff Xander and the team at Xander Insurance makes it easy and affordable. I've used them personally for 25 years. They're the only people I trust. Go to xander.com or call 8003564282. [32:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1970) Let's head back to the phone lines where we have Mike who's in the city I was born, Spokane, Washington. Hey Mike, how can we help out today? [32:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1978) Oh, uh, thank you so much for taking my call. I didn't know you were born in Spokane, Washington. That's sort of interesting. [33:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=1984) Yes, I was. how can we help today? Uh Mike, um I'm 58 years old. Um don't want to work forever and I just kind of wanted to reach out and talk to you guys. Again, first off, thank you so much for all the advice things you do. I feel like I've met uh some of the parameters here. My house is paid off. I've got a traditional uh you know, cleared the 1 million mark and now I'm I changed all my investments to 401k Roth. [33:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2013) Nice. which I hope to max out this year. And then I'm looking through my every dollar, which that did end up saving me about three grand in my finances annually, which was very [33:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2023) You're saying just doing an every dollar budget saved you $3,000 and and just sort of sloppiness that you cleaned up. [33:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2029) Probably close to that. Yeah. Wow. That's amazing. It's like 300 bucks a month you just found. [33:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2034) Yeah. The phone bill went to from 140 to 53 with the Boost Mobile. The Xfinity I found my son was paying for it in my basement. conservable thing, same thing. So I whacked that for 85 and then I took the advice on the whole life policies which was 400 a month. So yeah, when you go [34:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2053) you're taking all the advice and it's working out for you. So you're 58, you don't want to work forever. Do you have a number in mind or an age in mind? [34:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2062) Um I was looking at this in percentages and what I was looking at is, you know, I I don't have a single stamp of my passport. Neither is my wife. We never took our kids to Disneyland. I could turn this and say, "Okay, I'm going to turn this one into two before I retire and two into four, spend one, leave one to each of my kids." I mean, that's So, but if I do that, I'm just going to keep [34:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2084) you'll just keep saving into oblivion and then never enjoy life, not experience it. So, you're trying to balance this out. [34:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2089) I'm saying is what should your post It's not a post goal because I'm still always I always have goals, but [34:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2097) I think there's a way to balance that. Made it to this to this mark. you know, this baby says, Rich, I'm reading that in the book and and towards the end, it really has helped me kind of deal with this a little bit, but what I mean, what should you spend on yourself? [35:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2111) Well, it sounds like you're a guy who just rarely spends on himself. In your whole life, it's been I got to put away money. It's for other people. It's for the family. So, I would set aside some money in your every dollar budget just for Mike. Just some fun money for Mike that is guilt-free spending. And then also set aside a scing fund for a vacation. And that way when that money builds up in that syncing fund, you don't have to feel guilty because it could have gone towards retirement. You had you told it, "Hey, no, you're you're Disney money." [35:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2138) Yeah. And I love it. Investing money. You mentioned some kids, grandkids. How many kids do you have? Grown adults. [35:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2144) I got three. Three. And grandkids? They're all old, though. They're all 30. They're in the See, like I don't have like I say for college educations. I mean that. [35:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2152) Well, that's what I'm getting ready to ask you. Are their grandkids, too? Yeah. [35:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2155) How old are the grandkids? No, yours mine and ours probably 15 to z 15 to one. Fine. [36:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2161) Okay. So, what I'd be sitting down and thinking is I I love that initially you were saying, you know, I can double this money. I can triple or quadruple this money and leave a million dollars each. I love that, but what are some things that you can invest in to have experiences with them while you're still here with them? And that way that money is not only being uh earmarked for when you're gone, but there's money being earmarked that you can bless them with while you're here. and that you can share in that blessing, too. So whether it's a trip to Disney, like you said, or it's one of the kids is getting ready to move, maybe I can help with a down payment, or one of the kids is getting ready to take off to college, how can I help there? And I'd really sit down and start writing down where I think those moments are that I can intersect their life and start using some of what you've built. [36:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2208) Do you call that your giving? Because I do. I don't go to church, but I just paid for somebody. I mean, I pay for a lot of different things here. [36:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2214) It's generosity for sure. find other people's birthdays and yeah, I'm kind of that person. [37:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2220) I think it's 100% generosity. I mean, I think there's different ways to do that. Obviously, there's the local church, right? 10% there. If that's your belief system, if it's not, well, then yeah, it's going to look a lot different and I think that's okay based off of [37:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2233) who you are and what your belief system is. Huh. I can put that at 10%. You know what I mean? Me on wheels and that Vanessa be the thing that I believe in. [37:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2243) Yeah. Should it be for for like percentages for for enjoyment? Well, there there's no set percentage because it really depends on your lifestyle. And if you make a million dollars, the percentages may not scale appropriately. But you can just decide, hey, I'm going to invest 15% of my income cuz I want to retire with dignity. All right, there's going to be margin left over after the bills are paid. What is a reasonable amount that I feel comfortable spending in this season of my life? and you might find it's 2,000 bucks a month or you want to go on a $10,000 trip and take the kids or the grandkids. Those are all wonderful things to do. And more and more the research is coming out that the best use of your money instead of leaving it to your kids one day when they're 60 and they don't even need it is to give now. [38:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2287) And that can be through experiences with people you love, which Dr. Arthur Brook says is the one of the best uses of your money that actually brings joy is spending it on experiences with people you love. on top of generosity, one of the best ways to use your money, on top of investing in savings, that has a legitimate brain dopamine hit that you get from building for the future versus just buying stuff. [38:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2308) Yeah. Which is the one that doesn't actually produce long-term joy. And it requires just as much intentionality, right? Uh when we say to invest, it requires the intentionality to find that margin to make sure it's coming out every month to to invest for the future, right? Retirement and legacy and all those things. But now we can see it takes a certain amount of intentionality also to figure out how am I going to use some of this now to your point George uh while I'm still here while they're still young while I can still make an impact and it's still they can feel it and it can affect their foundation as they grow that takes a lot of intentionality too. So if I were you uh Mike I would sit down and write out those different areas that you want to intersect their life and that is a form of generosity. Thanks for the call. [39:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2349) Let's go to Josh in Los Angeles, California. Hey Josh, how can George and I help out? [39:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2355) Hi guys, thanks so much for taking my call. Mhm. So I'm 30 years old. Uh no wife, no kids. I'm living in the greater LA area and I'm currently debtree. My biggest goals right now are to invest aggressively so that I can retire early and eventually purchase a home so that I can raise a family. Uh what I'm struggling with right now is whether those things are attainable in the California area. So, I want to ask you guys, should I consider moving back home with my parents [39:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2385) uh to save until I'm able to buy a home or move to a lower cost of living state? [39:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2391) What about your job? If you were to move to another state, would your job transition with you? [39:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2397) So, unfortunately, I won't be able to transition with my job. I work in the medical device industry, so I think I can find some work um making it comparable uh compensation if I go to another state. It probably would be a little bit lower, though. [40:12](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2412) What do you make right now? Right now, I make around 130,000. Okay. Where would you be considering moving to? [40:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2420) I'm considering maybe Las Vegas or Arizona. That way, I wouldn't be too far from my family in California. [40:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2427) Okay. So, I'm using our cost of living calculator. uh ramiesolutions.com and I popped in you live in LA, you want to live in Vegas, your salary is 130 grand and it says based on your current salary and lifestyle, your Vegas salary would need to be about $82,000 which is 37% below that California cost of living. So that just gives you a a number to go you could take a pay cut and still make this work by moving, [40:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2451) right? So can you do it? Absolutely. Can you still live in California and have a great life? Yes, [40:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2457) I think you can. I mean, your other option was moving in with the parents. There's a part of that that I don't love because I think the time frame that you would be doing it would not be enough to accomplish what you're trying to accomplish cuz ideally you do something like that maybe a year. I would hate to see you have to do that for 2 years. And I just don't know that you would accomplish all that you want in a year's time on 130,000. Plus, you're 30 years old. Now is the time you want to be out. If you meet a young lady, you want to be able to say, "Hey, here's where I live. [41:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2488) Would you can I can you come over? Can I make you dinner?" She's meeting mom and dad pretty quickly if you're living at home. So, that's something to consider is you said your end goal is I want to be a homeowner with a family. Well, you can do that now and bypass this whole kind of fire movement. I want to work aggressively and live at home. If you want to just go start a family, go start a family and the home ownership will come along with that as you stay out of debt, save for the future. You'll be able to do that one day. And the average homeowner age is now what? 38 years old. [41:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2517) Uh last I saw I think it was 40. It's like the median age of homeowner. So it's not that that's supposed to be like yay. But at least it gives you hope that you're not behind if you're 30 and you don't own a home yet just because you're 26-year-old friend has one. [42:10](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2530) Yeah, that's true. And just because you live in uh the Las Vegas area for a while and you get your footing and you start growing financially, maybe one day you do move back to the California area where your family is. So just because you create a plan doesn't mean it has to be that way forever. It might be the thing to stairstep you to where you want to be long term. [42:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2559) If you're in a really bad debt situation, I know how scary that is. You might be getting harassed by debt collectors every day, threatened with lawsuits, and maybe you think bankruptcy is the only way out. I've been there. I remember feeling so scared I couldn't breathe. But it's not too late to get out of this mess. Contact Guardian Litigation Group. Guardian is not a call center. They're a real law firm. You get a real attorney assigned to you. So, if a creditor sues, you're protected from day one, not scrambling to find legal representation when you're already in the middle of it. And Guardian only gets paid when your debt is negotiated and you accept the settlement. Guardian has helped over 55,000 people settle more than $600 million in debt. That's why I trust them and send people their way. [43:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2608) The longer you wait, the fewer options you have, the more expensive it gets. But it doesn't have to end that way. Guardian can defend you. Go to guardianlit.com/ramsey. That's guardian lit t.com/ramsey or click the link in the description. Attorney advertising. Results may vary and no specific outcome is guaranteed. Welcome back to the Ramsey Show here in the Fair Winds Credit Union studio. Give us a call. The number is8825-55225. We would love to hear from you and answer your question about money personally. Let's go to Chad who's in Savannah, Georgia. Hey Chad, thanks for joining the show. [44:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2649) Hey J, how are y'all today? We're doing great. Your accent is making my day already. So I appreciate [44:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2655) here already. I appreciate it very much. Thank you. Listen, it it is a pleasure to speak with George Camel and Jade Warshaw. My uh my 18-year-old uh since August, my oldest is going to flip. No offense, Jade, but that I got to talk to George Camel. [44:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2672) Listen, this is this is it's George world. George's world that the youth think I'm cool. [44:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2676) I just live in your brother. That's great. You very very frequently I am getting clips from Facebook, uh YouTube of your shorts. So, uh, yeah, fantastic. Listen, y'all's ministry is awesome. I I am I'm 44. Um, I'm a second generation Christian, but my family had the principles growing up. And so, my son, um, when he was in his early when he was 17 roughly, really got turned on to y'all. And um, and so when he turned 18 in August, he a week before he turned 18 had already spoken with one of the Ramsay financial advisors. [45:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2711) Wow. And was ready to set up. went through the whole process of getting his IRA set up. [45:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2715) Oh my goodness, dude. He's going to get you a real nice nursing home one day. So, you did well. [45:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2719) No joke. Yeah. So, he was on the phone. He said, "Well, let's get you set up, CA." And so, he told him his age. He said, "You're you're 17." He said, "Yeah." He said, "I want to get it ready for next week when I turn 18 on my birthday." [45:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2729) Oh my gosh. So, and and so I attribute a lot of that to y'all. So, sincerely, thank you for the ministry. I know it's y'all may think it's a job, but for folks out here in the real world, it is also a ministry. And so, I thank y'all very much for we are daily listeners. We're grateful. for you guys. Thank you so much. How can we help? [45:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2745) So, here's the question. Yep. So, my dad uh who's my hero, my spiritual giant in my life, uh passed away in June very unexpectedly. [45:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2755) Oh, no. I'm sorry. And so, uh but my dad thought the world of him. Again, I I am a Christian and the foundation principles I have is because my parents and so my dad was not much of a planner though. He really didn't plan the future. Didn't have a lot of um a lot of savings financially. And so when he passed, um it was just me and my brother and my little sister. And so um mom is she she's 71. She's been a homemaker all of her life. Homeschool me, my brother, and my little sis. And so uh they didn't have a lot of debt, but they didn't have she doesn't have anything for retirement. So whenever he passed, kind of just laying a quick groundwork. When he passed, I made sure she's she's totally debtree now and has a little bit of cash, not a ton. But here is where we're sitting. So my grandpa, who is my mom's father, just passed away about 3 weeks ago. He's 95. [46:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2803) Had a very blessed life. Lord been good to him. So in his will, everything was left to my mom and me and my siblings. Um it's going to wind up being after we sell the house and sell a few things, it's going to wind up being roughly somewhere, I'm thinking, between four and 500,000 cash [46:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2819) each oral. Excuse me. Each or total? Total. Yes, total. So that would have been divided uh between my mom uh myself and my brother. My little sister was adopted 20 years roughly when I was 20 years old. So she was you know my grandparents were already up in age when she was adopted. So the wheel was between me my my mother and me and my brother. [47:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2842) So can we assume 150k each? I would think. Yes, sir. That's what I would think. Yes, sir. [47:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2848) Okay. And so my brother and I have decided and we've both agreed that we're giving our portion. The Lord's been good to me. My brother's a pastor in North Carolina. Uh we've decided, agreed, we're giving our portion to my mom for her retirement for the rest of her life until she's 71. So, we're we're good with that. We have no problems with that. [47:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2869) Um I've been speaking with again just a just a trusted Ramsay pro. And what we're coming up with, and I just really want to pick y'all's y'all's mind about this, is uh whenever we sell the house, we're going to have again between 4 and 500,000 cash to maybe park roughly um 300 350,000 in just a good, you know, uh brokerage account, the S&P, somewhere in that. keep roughly 50 to 100,000 out for her to live on for she she again what she gets between social security and uh we've already figured 4500 a month is going to be perfect for her. [48:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2907) That's what she needs. So what's social security going to be? Social Security is 1,500 a month. So we're only talking about 3,000 a month. [48:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2914) Okay. So 36 grand a year out of that $350,000 pot is what we're talking That's what we're That's what we're And again, if if we wind up with 400,000 cash, that's kind of in my mind what I'm thinking the low number is going to be, I believe. [48:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2927) And so, in my mind, if we if if and again, talking with the financial adviser and even getting my 18-year-old involved, he's enjoying these talks. Um, it's it's kind of like a puzzle fitting it together to make sure my mom again is taking care of for the rest of her life. Uh we figured we would take out 50 to 75,000 of the the the the chunk of it when we get it all when the house sells, put that either into a high yield savings, something that will be guaranteed for 2 years for her to live on and then take the remaining big chunk of the money and just put it into an S&P, put it into again a brokerage account that will just sit there and accumulate the interest until she needs it in two years to start drawing on yearly. [49:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2965) Okay. Is that is that realistic? Do y'all have a better plan, a better idea? just kind of walk me through this from y'all's perspective. [49:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2971) I'm just curious what caused you to choose the two years kind of arbitrarily for the for her to live off the savings and then go to the [49:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=2981) honestly. No, no. Yeah. No reason at all. I was just giving it more time for the brokerage to just sit there and to just I guess just in um just for the interest to grow untouched for two years. I understand obviously markets some years you know it's it's a little bit down. Most years it's up. And so I was just thinking, you know, for if we could take out the, you know, as I said, 50 to 75,000, that would be a guaranteed amount for two years. We wouldn't even have to worry about what the market's doing. We already have this side, this set overside over here with 300 to 350 just sitting there growing in the market. We don't even have to worry about. [50:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3015) So the plan would be she lives off of this money in checking and when it gets down below a certain threshold, you'd replenish it by selling more shares off from the brokerage account. Just enough. that would be the [50:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3025) for the following six months or a year. Okay. I mean, that sounds reasonable. I think if you met with a financial planner, they'd probably steer you in this direction of have enough money sitting outside of the market to live off of for a year or two. That way, if the market is down, you're not having to, you know, pull peel off of that at the worst time and then just replenish it as you hit a threshold. I think that's a reasonable general strategy. Now, how long will that last based on how the market does and what she's invested in? Those are the variables I'd want to nail. And for that, I would meet with an adviser to lay out a plan of if I invest this way, here's how long it would likely last because could she live to be 95 at this stage? [51:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3062) Oh, there's a very she's 71 but going on 55. So, yeah, mom again, her my my grandpa her dad was 95 and was in excellent health up till the past six months. His mother was 93. Uh, so she has very good genetics. Again, my mom is very youthful for 71. Well, the other part to think about kids is long-term care. And I hope she never needs it, but if she does, that could wipe out her brokerage account pretty quickly. [51:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3089) Yeah. At six figures a year. And so, that's the thing I would uh caution against is this being the whole plan and nothing but the plan. You may want to supplement for now and let the brokerage grow and maybe you and your brother even chip in a little bit per month to help her stay afloat and not need to peel off as much. U because half a million dollars is amazing, especially at 71. But we don't know what the next 25 years holds. [51:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3113) Sure. With inflation, with healthcare. And so that's the part that I'd want to sit down with an adviser and map it all out. Give me every worst case scenario, best case scenario, and help me make a plan that will survive. But thanks for the question, Chad. You're a good man. [52:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3125) Yeah. I love a good sale. I also love the holidays. But if you're like me, sometimes those two don't mix well because six promo codes in a commercial later, it's so easy to convince yourself that you need just one more scented candle or a waffle maker shaped like a Christmas tree and some flannel pajamas. The temptation to spend more than you budgeted for is real. That's why I love having a bank that keeps my free spirit in check. And for me, that's Fairwinds Credit Union. With their smart bundle, you can choose a Ramsay themed debit card that says, "Live like no one else." [53:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3196) It's a great reminder to stick to your goals and what you're working toward, especially in a season that wants you to spend instead of save. You get a no monthly fee checking account and a high yield savings account. You can even open up additional savings accounts like a holiday fund for gifts so you can finally pull the trigger on that waffle maker. Because staying on track for the holidays doesn't mean giving up your free spirits. It just means being smart about it. So get your live like no one else debit card by opening a smart bundle today at fairwinds.org/ramsey. [53:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3228) That's fair winds.org/ramsey. Insured by the NCUA. All right, George. One of my favorite segments of the year is coming up. I guess favorite shows of the year. And uh in a few weeks, we're going to be doing a special giving edition of the Ramsay Show. I love when we do this. And we want to hear stories from you about how you've given generously this season. Maybe you've tipped a waitress $100 or bought Thanksgiving dinner for a family who couldn't afford one. Or maybe you even you've even blessed someone with a vehicle. I think that'd be very very cool to hear those stories. Uh maybe you've been on the receiving end and you've had your life changed by someone who's given generously to you. Either way, we want to hear from you. Uh and you can do so by going to ramseyolutions.com/ask and put giving in the subject line. [54:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3289) Okay. Uh we do this every year at Christmas time and it is definitely one of our most popular shows. It's one of my favorite shows and it's going to be coming up on December 17th. So, start sending in your stories um of giving today and let's start celebrating living like no one else so that later you can live and give like no one else. I love it. Let's go to Mary who's in Dallas, Texas. Hey Mary, you're on the show. Welcome. Mary. Oh, [55:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3323) Mary, are you here? She is. My bad. I picked up the wrong line, girlfriend. Oh gosh. Hey, you're good. You're good. Uh, no, I just had a question. My daughter is headed into college next fall and my husband and I had talked about buying a rental property in the town where she's going for um her to live in, roommates, all that good stuff. Um, but we don't have cash to pay that like in full. We'd have to take out a mortgage. And so, we were like, "Yep, we're not going to do that." But then I started looking at how much it's actually going to cost her to live there over four years. Um, and yeah, that just seems like a lot of money to spend with no return on investment. So, I guess what's y'all's thoughts on that? [56:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3367) Well, I mean, she's going to college. Going to college alone definitely I would not buy a house because [56:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3373) after college what happens, right? or she transfers and then you keep it as a rental by default in another state and now you're like how did we get here? What are we doing? [56:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3382) What's wrong with living on campus? Is there campus apartments or Yes. I mean there's absolutely nothing wrong with living on campus. I just when I started seeing how much it's like 10,000 a year is what we're looking at. And I'm like oh over four years that's 40 grand. That's a lot of money to just spend and not in have any return on. But why does it why does it have to have a return? [56:46](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3406) Yeah. Everything's not an investment. The education is the when you think about it this way, you're paying 800 bucks for rent. That's cheap. In most places in America, to pay 800 bucks for rent is a deal. And so that's how I see it. As you're you're investing in her future by covering her rent if you so choose. Can she also work part-time to help cover some of the cost? [57:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3426) Oh, yeah. For sure. And she has enough between 529 savings and scholarships. She she has enough to cover her all of her expenses. [57:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3436) Oh, great. Yeah. I just I just was I just needed somebody else to tell me it's okay just to spend money in rent for four years. [57:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3443) Yes. It's part of the education and I think that's the way to to think of it. This is not her education is not your investment opportunity. Not that you were thinking that way, but um we get calls all the time where people go down that route and they get caught up and they buy a house thinking, "Oh, her and her friends or him and his friends can live in it and somebody drops out or somebody moves on or somebody doesn't want to come back the next semester." [57:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3464) Somebody doesn't pay the rent. Now you're like trying to collect at the door and your daughter's like, "You're making it weird, Mom." [57:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3470) And then it's hard to sell the house off because it's right next to a university and nobody wants to buy it. So yes, Mary, just let her rent an apartment or let her live on campus. That is the easiest way. Lisa's in Jacksonville, Florida. Hey, Lisa. Welcome to the show. [58:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3484) Hello. Hello. Can you hear me? Yes, ma'am. How can we help today? Okay. I just am trying to convince my husband to pay off both of our vehicles today and I wrote out a budget and I just wanted to see if it makes sense to you guys to convince him because he's not really on the plan. [58:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3502) You want to pay off the cars today or you want to convince him today to pay off the vehicles? [58:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3507) Like, do you have the money to pay it off? Yes, we have the money to pay it off, but I have to convince him to think, you know, to know that that's a good idea to do that. [58:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3516) Have you ever been able to convince him of anything? Oh, yes. How'd you do it? What's your strategy? [58:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3523) I have my charm. She can't say that. She can't say that on air, George. I'm just saying I think your charm is going to go a longer way than our like math. So, let's just put that out there first. But lay out the math for us. What's owed on the cars and how much is in savings? [58:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3537) Okay. I have a whole layout for you guys. So, I'm going to give you all the information. Um, we currently have 48,400 in savings. We bring in 12,300 per month between him and I. Um, I have 10K left on my car. He has 21K left on his car. So, if we were to pay off both vehicles, that would leave us with $17,400 left in our savings. But then we would gain $2,824 from all of the car notes and all the extra money that we've been putting forward. [59:30](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3570) Wow. Yes. Okay. So now after all of our bills, we are usually left. So all of our bills total about $8,664. So we're left with $3,686 left. Um that's our margin. But once we pay off the vehicles, our new margin would be $6,460. [59:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3590) Wow. So that's incredible. Once we start Yes. And once we start putting back the money that we're throwing towards the vehicles now, by February, we'll be up to $25,872. And then we'll file taxes like we normally do, which we usually get back a really nice tax refund. Um, which should bring us back up to about $36,872 in our account by [1:00:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3616) I'm convinced. Um, April. You have me convinced. And I know George is convinced, but that's not the problem. [1:00:21](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3621) That's what I was asking. Is he convinced by numbers? Cuz I'm not the math is the math. It's pretty convincing that you guys, number one, you're going to be okay. What What would he be worried about if you paid off the cars today? You had 17 grand left over. You have some newfound margin. What would be the rub with that for him? [1:00:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3639) I think for him, um, so quick backstory, we had a six figure savings account just a few years ago. um and we were living abroad and then when we moved back he wanted to pay both vehicles straight out but I have never seen that much money in our savings before and I was against it. [1:00:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3658) So the tables turn my Yes. So I Well then help me out here because if he wanted to do that before shouldn't it be a shoein for you to present this and say hey I wasn't ready then but I've looked at the numbers. We should have done this then when you said it but I'm sorry about that. I'm ready to do it now. Would that be enough? [1:01:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3678) I It would be if our savings was back up to where it was, but because we've depleted it over the years, I think now it's a lot different seeing 48,000 in the savings versus over 100k in the savings. And so I think that is what is going to [1:01:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3694) Right. But then your cars, I'm sure back then it would have taken more to pay your cars and all the debt off. I got to believe it's less now, right? [1:01:42](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3702) Yes, it's definitely that's the only debt that we have. So we live very comfortable lives. So once we pay off the vehicles, life will be really sweet. [1:01:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3710) Yes, it will. Throw all that into savings. You'll have it in less than 5 months. You'll be back to where you are today, but without any car payments for the rest of your life, giving yourself a 34 grand raise. [1:01:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3718) But the question remains, when you say this to him, it's got to be in his money love language. And if his money love language is numbers, [1:02:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3727) great. Then this is fine. No, no, no notes. But if his money love language is security or it's, you know, being able to travel or whatever the thing is that that lights him up financially, you got to speak that language. So if his thing is, you mentioned you live abroad. If his thing is, I just want to make sure I'm being able to travel and go see the world and this, then we need to frame this in a way that he understands it'll let him do more of that. If his thing is feeling secure, then your your goal is I've got to make him feel secure in my whole pitch and make him show how this is creating more and more security for us, right? So, what's his what's his what language do you need to speak for him? \[snorts\] [1:02:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3763) Um, he is not a traveler, so we're military, which is why we lived abroad. Um, and he is a very simple guy. We are both very simple people. I mean, we don't need to take so much to make us happy. What a great pitch. [1:02:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3774) We are very simple. Hey, I want us to have simpler, more peaceful lives. And these car payments are just living on our heads rent free. We can knock them out today free of so much margin. [1:03:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3782) We never have to think of it again. Owe nobody anything. So much for agreeing to the plan. I I really appreciate that. [1:03:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3789) Yeah. And you know, if you want, you could play this for him because that way you're not the one who has to All you have to do to set it up and is say, you know, I don't know your husband's name, but hey, Bob, I was thinking about how a couple years ago you were saying we needed to pay the debt off and I was kind of [1:03:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3803) You were right. I was scared. I called in today and it turns out you were right. I need you to hear this. It was the best part of my day. Play it for him and then let us do this. [1:03:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3812) Don't hear that a lot. So, that's going to be magic. Yeah. You know, Bob, you know what you need to do? Reach over and pay off those cards today. Right now, you've got the opportunity to do two of the best things at the same time. Be outrageously generous and keep more of your money away from the IRS. It's called the Education Freedom Tax Credit. Right now, there are kids all over the country who can't get the education they deserve because their families can't afford it. That's just not okay. But when you contribute through ACE scholarships, you'll give a kid a real shot at a better education. [1:04:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3865) And in exchange, you'll get a federal tax credit up to $1,700 for individuals or $3,400 for married couples filing jointly, meaning it could end up costing you nothing to help. They've given over $120,000 scholarships to families, almost $400 million. Guys, this is a nobrainer. Learn more about ACE and this amazing opportunity at educationfreedom.org. That's educationfreedom.org. [1:05:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3908) Your question of the day is brought to you by Ask Ramsey, your free AI money tool that provides personalized money answers. based on Ramsey principles. Visit ramseysolutions.comaskramsey. All right, today's question comes from Rick in West Virginia. George, let's see what we got. He says, "Am I crazy for considering getting a personal loan to get rid of two of my three auto loans? One of them can't be driven, so selling it isn't an option. I currently owe around 44,000 on all of them. I know you say no new debt, but my thought was that I could get a personal loan to cover the balances on two of them and have a lower interest rate on the third as well to save some money monthly to pay off that loan quicker. I already paid off 30 grand of credit card debt this year, so now I'm trying to get rid of these quote dumb butt auto loans. Is this a good plan? [1:05:57](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3957) O well uh I don't know how many times on this show taking on debt to pay off other debt has been recommended. The only case I can think of is the old personal loan to get rid of the underwater amount on a car to sell it. But he's saying it can't even be sold. It's not drivable, which tells me, [1:06:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3975) can it be fixed and sold? I'd want to get some money out of that thing if I can. [1:06:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3979) But getting a personal loan to just to lower the interest rate. It's not the worst decision you could make. It sounds like he's already on the path. He's really taking this seriously, paying off 30 grand of credit card debt. So that tells me he's pretty gazelle intense. That's always the a bigger factor to me is how intense are you versus I'm doing this to feel better about the debt. [1:06:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=3998) I agree. I think there's something that happens though and I think you and I may have had a call like this recently where I love to hear people who are really intense about getting rid of their debt. They're looking they're looking everywhere where they can squeeze money, squeeze quarters to try to pay this thing off faster. I think unfortunately sometimes it goes a little too far and you start looking for things that won't necessarily help. Um, and in this case, I think gosh, can we just snowball it and do it that way? Uh, versus taking out another personal loan. [1:07:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4027) I'm also wondering why we're not selling there's three auto loans. How many cars do we have and can we sell some of those? [1:07:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4033) Maybe get a personal loan to cover the difference. That would be my my recommendation instead of just getting a personal loan and keeping the car. So, [1:07:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4040) I don't know what's going on with the family dynamic. It sounds like they probably need these cars, but [1:07:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4045) that would be my preference before I went out and took a personal loan to swap the auto loan out. [1:07:30](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4050) Yeah. And then there's also the other part where, you know, whenever you're consolidating loans together, if you have something to pay off, it does make the snowball a little bit tougher when you have those big chunks versus smaller amounts. [1:07:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4061) Instead of two $15,000 debts, you got one $30,000 debt. And so, you don't get that progress as fast. [1:07:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4067) I hope that helps, Rick. I do, too. Let's go to Jonathan. He's in Riverside, California. Hi, Jonathan. Welcome to the show. [1:07:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4074) Hey, how's it going? Yeah, how's it going you guys? Um um just to cut to the chase, I'm 21 years old, living here in uh Southern California. I've been listening to you guys for about four years, so it's been a blessing, and you guys are doing God's work for sure. Um but my question is, um my parents asked me if uh I'd be interested in buying a house with them, and that would be co-signing and living with them. Right now, uh, we are renting. Um, but they have asked me if I would be interested in buying a house and co-signing and putting the down payment with them and living with them ultimately. [1:08:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4108) Didn't you say you've been listening to this show for four years, Jonathan? Yeah. Yeah. [1:08:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4114) What's the answer? For sure. I It's the reason is is that they would It's not for me. I mean, it's not for themselves, but they say it's like, you know, it'd be for me and my brother. explain how this [1:08:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4128) possible how does this benefit you? So pretty much their idea was that uh me and my brother would get into the market as soon as possible and that by the time they retired they would be um they wouldn't live here anymore. They would live uh in El Salvador. [1:09:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4145) But what if Okay, let's play this out because a lot of times when people are thinking about these types of solutions, I'm putting solutions in air quotes. Um they're they're only thinking about the upside. They're not thinking about the likely downside that is likely to occur simply because of life, not even anything bad happening. So, let's play this out. You guys co-sign on this loan and for the time being it's you, your brother, and your mom and dad living in the house. Is that correct? [1:09:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4173) Correct. Yes. And then your mom and dad, they move uh they move out and then suddenly what if you and your brother can't handle the mortgage on your own? What happens then? What happens when your brother meets a little sweetie and decides, I'm going to go and get married and now you're left in the house. Who covers the mortgage, [1:09:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4190) right? Or your job or life changes. You want to go buy a home elsewhere. You can't. Your debt to income ratio is crazy high cuz this mortgage is on your record. [1:09:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4198) Yeah. Who covers that? And your parents want to keep the house, but you're ready to move on. [1:10:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4202) So they they need you in order to make this house work. Is that the idea? Because of bad credit, low income, low savings. What's the deal there? Why can't they afford a home on their own? [1:10:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4214) Correct. That you're Yeah. Uh, right on the nail. Um, pretty much they've never They've always earned good money, but it's been, you know, inconsistent. My mom, she's in sales and my dad's a truck driver, so it's always been inconsistent. And now that I have a good career and trajectory, um, they thought it would be a good idea. And by the time they retire, I'd be making decent money here in Southern California. [1:10:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4238) Right. But do do you see that all the negative downside is on you? Don't get me wrong, I think your parents are fine people. I don't think that they're intending to do something negative or or bad to you. But this is a really negative bad thing and it will inle inflict negative and bad things on your finances. And at 21, you do not need to be taking the weight of a mortgage [1:11:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4262) onto your back. Yeah. cuz it sounds like if their income is inconsistent, there could be months where they can't pay. Now all of a sudden they're going, "Hey, can you spot us, bud? We can't pay this month. We'll get you back next month." Well, you get the house anyways as an inheritance. So, I feel like, do we even need to pay? [1:11:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4276) And now you have the pressure of, "Oh my gosh, I got to quickly go out and I'm supporting everybody. This mortgage lives and dies with me." Right [1:11:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4284) now, you and your brother are fighting because you disagree on how to handle it. And so, I've only seen it hurt relationships. I've never seen a cosign agreement where the relationships are flourishing afterwards. So if you love your parents, you tell them, "Mom, dad, I love you guys. I can't cosign." [1:11:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4300) This is not the answer. You're on your own. Okay. For sure. Yeah. And if that if that's the case, are you and they're all renting right now? What's going on? [1:11:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4309) Yeah. Yeah. So, pretty much uh we're renting right now. Are you going to move out eventually? [1:11:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4315) Uh I was. Um, and the reason why they're asking me right now is because I was uh I was engaged, but I re uh you know, due to life circumstances, called off a wedding and and whatnot. So, my idea was that I was going to live on my own with my my ex- fiance. But now that that's not happening, they kind of, you know, proposed an idea that we could do something together instead. [1:12:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4339) Where's your brother living? Like that kind of My brother is um he's living with us as well. [1:12:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4344) Okay. Why don't you guys go get a place together? Could you afford rent on your own, the two of you? [1:12:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4349) Um, I think so. With with uh how much I'm earning right now, I I think it'd be possible. [1:12:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4355) Are you guys chipping in on rent with your parents right now? Yes, sir. So, what happens if you two move out? Can they afford this place on their own? [1:12:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4364) They would just Yeah, they they can. They can. Okay. I would do that. I would I would move out of the parents house. I think moving out of there is going to help them understand what they need to do for themselves financially. They can't continue to depend on you and your brother because you guys are going in the opposite direction. You're going in the direction of going away from them, which is a natural phase of life. And they're going to have to figure out what that means for them, which is their natural phase of life right now. And I think it's totally fine if you and your brother want to rent together for a little while. But again, even with your brother, I would not think of buying anything with them. Even if you weren't co-signing on the house, this idea of we're all going to live together and we'll do that so that we can all do the payment. There's something about that that it kind of traps you in cuz it's [1:13:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4411) like, well, what if you get a job over here and you want to move over there? What if you're do you see what I'm saying? [1:13:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4415) I'm putting them out and now there's there's just a lot there. So, it's this financial codependency is what we're trying to avoid. And it's not because anyone's a bad person, but the fact that they're relying on you in this way financially as a grown adult is the scary part. And so you're not moving out to punish them. You're moving out to create some of your own financial independence and get away from this codependency. [1:13:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4436) Yeah, that's the tough part. So guys, time and time again, let's talk about cosigning real quick because we see it in many shapes and forms. And the truth is co-signing is among the worst things that you can do with money. Because once you've co-signed, you've then gotten to bed with somebody that even the banks have said, "We don't believe this person will pay. We don't believe this person has the money to pay. we don't believe this person has the security to pay ongoing. We're not going to sign them. The only way we'll do it is if they can figure out someone who will carry the weight when they default. And that's when they come knocking on your door and say, "Hey, will you co-sign?" If you say yes to that, you are 100% signing up for their payments in the long term. [1:14:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4476) That relationship has changed forever in that way. If you have an aging parent who's been diagnosed with a chronic illness, you know how overwhelming navigating the medical system can be. coordinating with doctors and insurance and trying to understand systems that were built to confuse you all while still running a household, working a job, and raising your own kids. It all feels impossible. Helping people in this situation is why Solace exists. Solace pairs you with a health advocate who steps in and takes on the logistics, the appointments, the insurance questions, the medical billing questions, the frustration of what does any of this even mean? so you can focus on being present for your family. [1:15:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4538) Insolace is covered by Medicare and insurance nationwide, making it accessible for people everywhere. Look, your only role in this season should be just being a son or a daughter, not a healthcare expert. If you've been carrying the weight of a chronically ill parent and you need help navigating the medical system, check out Solace. See if you qualify by going to solacealth.com/ramsey. That's sollessalth.com Ramsey or click the link in the description. [1:16:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4579) All right, guys. You know what time it is? Open enrollment time. That's right. It's open enrollment period for health insurance, and it's just begun. And if open enrollment or OEP sounds like alphabet soup to you, we're going to break it down for you. Health insurance's open enrollment period or OEP is from November 1st to January 15th. So whether you're self-employed and need help navigating the market or you're unhappy with the health insurance that your employer provides, you've got options. Okay? Feel confident in the health coverage choices that you have by going to ramseolutions.com/halth-co. [1:16:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4616) I'll say it again. RamseySolutions.comalth-co Morgan is in Fort Lauderdale, Florida. Hey Morgan, welcome to the show. [1:17:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4627) Hello. Hi. How are you doing? All right. How can we help today? Um, I was just hoping that you guys could clarify some of this HSA information for me. I'm looking at it looks like craziness um between my husband's job and my job and all these numbers and just trying to figure out do I do we bring everyone onto my insurance? Do my does my husband keep the kids on his because his his um insurance will not cover me anymore now that I will qualify for insurance through my jobs. [1:17:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4667) Okay. So his won't cover you, but you have your own. So you're wondering, should you go with a single plan on your own and he does the family plan? [1:17:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4674) Yeah, that's what So you know, it looks like Yeah, pretty much. Do I keep the kids with him on his um because it's looking like it may be $62 around $62 a month, [1:18:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4688) but he'll get like a $250 credit per month. um if we decline his insurance and or they would if we end up just doing an HSA through his company, they'll credit $1,000 into the HSA for us. [1:18:28](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4708) So, that's a benefit. Okay, let's look first. Let's look first at the coverage and then we'll save the HSA as an afterthought. So, [1:18:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4716) okay, if have you run the numbers out and said, "Okay, here's the options. if if him plus the kids go on his insurance, it costs X amount of dollars plus my private policy, here's what it costs a month and then have you run it out and said, "Okay, here's what it would be if he was alone on the policy. Me and the kids did separate policies and he got his $250 credit." [1:18:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4738) I have and you know with to have everyone on my insurance with the best with you know premium plans. We got three kids, so it definitely ups it. Um, with an HSA plan, it brings it to around $1,100 a month. [1:19:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4758) $1,100 a month for everyone on my insurance. If it's just me, um, on my insurance, it's $215 a month. [1:19:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4771) Okay. Um, and then 62 would be on his. That feels like a no-brainer. Where's your Where's your hold up? [1:19:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4779) Just um mine would be much better insurance. Okay. And much better as far as like you have access to the providers you want. Is it a better out-of- pocket max? Lower deductible? [1:19:51](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4791) Lower lower out of pocket max, lower deductibles. Um how much lower are we talking? [1:19:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4799) Uh for the family, for mine, it'd be $1,500. Okay. Um, and his is for the family 13,000. [1:20:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4811) And what would be yours for the family? Because yours also would have an individual and a family [1:20:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4816) individual is 750 and family is 1,500. Okay. Uh, out-of- pocket max or deductible or is it the same? [1:20:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4826) Um, it looks like it's that's my that's my deductible. It's not really telling it's not telling me like an out-ofpocket max. [1:20:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4838) I would search for that and make sure. Sometimes the numbers the same, sometimes it's different. And then the question I'd be asking is, are you guys healthy? I mean, are you just going to, you know, your yearly check-ins and that sort of thing? Or is anybody having kind of a chronic situation where they're regularly going to the doctor and you know you're going to hit the deduct the deductibles? [1:20:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4856) I mean, I do know. I mean, I I had surgery this year, so I hit my deductible. Um, you know, we do pay a lot for like private medicine. Um, so you know, my husband, [1:21:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4869) that doesn't go through insurance. That does not go through. So, you're paying for that anyways. [1:21:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4873) So, here's my math says you would save 10 grand a year by doing the second option, which is you cover yourself, he covers the rest, right? [1:21:21](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4881) Plus, you're the one with the health concern of the ongoing that you you're the one that needs the lower deductible. [1:21:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4887) So, now you have a you have a guaranteed side with 10,000 in savings, right? because you're going to have lower premiums. [1:21:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4892) And then you have the variable of what if we do need care and we start to butt up against this deductible or out of pocket max. So those are the two things that I'm currently weighing. And personally, depending on your tolerance and health and family situation, I would be going I'd rather have a guaranteed savings of 10 grand a year and have the emergency fund ready to go or HSA ready to go to cover some of this deductible and out of pocket. But does this does the HSA is it on top of the ins like the insurance? It's just it sounds like it's a benefit that he has. If you guys want to stock my money away in an HSA and you filter filter your uh filter any of your medical costs through that. There's a tax savings there. It's taxfree money. [1:22:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4935) And it sounds like they're willing to give him a credit of $1,000 because you can also put um I think this year is [1:22:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4944) it's 9,000 for 2027 for family plan and 4,500 individually. If you have a high deductible health plan, then you have access to the health savings account and it's a great way to sock away money. Triple tax advantaged money goes in taxree. It grows taxree when it's invested and then you can take it out taxree for qualified medical expenses. So, it's a really it's an awesome tool that you have access to with that high deductible health plan [1:22:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4967) and the investing portion of it. That's kind of a baby step for and beyond action. But just if you want to filter the cost through there, that's a wonderful way to save on that. [1:22:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4976) Yeah. All right. That helps in a fiveminute call to help you navigate such a difficult and overwhelming and complicated process which is open enrollment. I feel your struggle. The kids the kids are going to need uh braces coming up. [1:23:12](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4992) Is that covered? Does he have dental included? Um it is. I don't think braces are going to be covered either way. [1:23:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=4998) Um it does show that the braces. I think that you're going to have to look for separate policies if you want dental. If his includes it, I think that's great. Either way, I still think George's plan is the right way because with that $10,000 savings, all of that is going to help you uh to save up for those things on down the line, braces being one of them. And unless one of these kids, you know, is going through similar health struggles where they're in and out of the doctor a lot and you know, you would benefit from a much lower uh deductible, I think having the kids on his plan and you doing your own separately, to me, that's almost a no-brainer. Yeah, it makes the most sense. For everyone out there listening, an easy way to think about how to choose health care, again, it's so depend on your family situation, but estimate your yearly medical spend. This is a difficult thing to do, but you can kind [1:24:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5048) of go back and go, "All right, our general spend on health care expenses is $5,000 a year." Okay, cool. Now, let's add up the real cost of each plan, which is going to be your premiums. That's what you pay every month for the pleasure of having the coverage. And then the deductible, which is the part that you're going to pay in before any health insurance company kicks in and starts paying as well. And then check your out-of- pocket max. She mentioned there's a really high out-of- pocket max of 13 grand is the most you'll pay and then insurance takes over from there. [1:24:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5076) And for the family Exactly. And then make sure your doctors are in network. And so if you need care from a specific provider or hospital, you need to make sure that that's covered and not out of network cuz those medical bills will start racking up. And so those are all the pieces, the four pieces you want to look into before selecting a plan. You don't just want to choose the cheapest one. [1:24:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5093) Please don't. Now, if you're healthy and you can just go with a high deductible health plan, lowest premium, highest deductible, that's going to be the best for cost savings. But you've got to think about your own health care, your family's healthcare, and what's going on that year with your kids. If you're going to have a kid, like we're going through this right now, it's if you're going to have another kid, you got to select a plan that has your hospital in network. [1:25:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5113) That's right. So, there's a lot of variables to consider and uh it's a great HR would love to talk about this with you. By the way, they don't get talked to a lot. So, ask your HR folks about their health plans and how to navigate that. [1:25:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5124) And if you're selfloyed, yeah, if you're self-employed, you can tr check out health trustfinancial. That'll help you shop different health plans in your, you know, that you're looking for. They'll help shop them around. Or you can visit ramseyolutions.com/halth-co. I mentioned that earlier. That's another good resource out there. And remember, open enrollment period is now November 1st through January 15th. So if you're working, you probably got the email. I know I got it, George. [1:25:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5147) Time is ticking. And I was like, "All right, let me breathing down my neck to make my selections." [1:25:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5152) I know. I made my selection and I already did something wrong. They emailed me. They were like, "I don't think you meant to do this." So just know it's one of those things, guys. [1:25:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5159) Even Jade can screw it up. But even I welcome back to the Ramsey Show here in the Fair Winds Credit Union studio. Still taking calls about your life, still taking calls about your money. The number is8825-55225. We'd sure love to hear your call. Uh Rachel has called in. She's in Colorado Springs, Colorado. Hey Rachel, how can George and I help today? [1:26:36](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5196) Hi Jade. Um, hi George. Thanks for taking my call. I just have kind of a quick question here about paying off debt. Um, so my husband and I are currently in the step of our debt snowball. And our next lowest balance is my auto loan. Um, and I'm wondering in regards to making those payments, is it better to um set aside all of our margin throughout the month and kind of earmark it in a separate area and then make one lump sum payment every month or is it okay to make multiple small payments every month using that extra margin or money from side hustles? And the question kind of comes from the um fact that our auto loans acrew interest every day and I don't really know if it makes a difference. [1:27:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5244) I love the micro payment idea. I like the idea of you meet the minimum, right? So you paying the minimum payment and then as money comes you're just forking it out there as you get it. I like that on many ways if the balance is if if interest acrewing if interest is acrewing every day well there's your benefit there. And also psychologically, I just think that it causes you to feel more motivated uh when you're making payments every day. You feel like you're attacking this debt every single day. And then there's the idea of you're making sure that money is going where it was intended. For people who really struggle with sticking to their budget, you can say, "Okay, by the end of the month, we should have $300 earmarked for this." And then they look up and they go, "Oh, we must have gone over budget somewhere." Suddenly that $300 is whittleled down to $150. Right? But if you're doing it as you get the money, [1:28:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5289) you're forcing yourself to stick to that budget. You're making that the priority. I love that, George. What you think? [1:28:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5295) I've seen this trend on social media. They started talking micro payments. Come on now. [1:28:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5299) Gen Z will come up with a cool name. Sam and I did that. I thought it was just paying the debt off early. [1:28:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5303) Well, a lot of people are now kind of doing these side hustles like Rachel's doing where they get income in different ways and random days. It's not like two paychecks a month. So, Rachel, how often are you getting extra money at this point? Um, it's actually my husband. Um, he does some side hustles and I would say it comes in maybe two to four times a month, just depending on how often he can do it. [1:28:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5325) Great. So, if that's the rhythm, you might look up and say, "All right, once a week, every Friday night to celebrate, we're going to make a micro payment against that auto loan with whatever margin we found." [1:28:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5335) Yeah, I love that. I didn't even know that there was a term for it. So, again, Jenz has come up with everything. Even though we're like, we came up with that before you, they came up with a cooler name. They have better marketing. It's the truth. [1:29:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5346) I love it because it really is an exciting way to stay on top of the debt. And it's motivating because when you get money and you're like, "Hey, it's 18 bucks, but I'm throwing it here." Or, "It's $70, but I'm throwing it." It motivates you. You start looking around. You're like, "Can I sell something today?" You get to the point where you're used to doing something, you know, whether it's every day or every third day, and now you're going, "Well, gosh, can I can I sell my bath mats? Can I do something to get some money and make a payment?" And so, I love that. [1:29:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5372) Anything that keeps you motivated, I think you should do it. And yes, I did sell my bath mats used. I got $5. [1:29:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5379) Here's a fun exercise for anyone listening. Imagine you could create $30 of of newfound money every day [1:29:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5385) selling stuff on Facebook. What can I find around the house to sell for $30 total on Facebook Marketplace? That's $1,000 in a month if you do that every day. [1:29:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5394) So when you tell me, "Where am I going to find a,000 bucks?" You probably have a,000 bucks worth of crap laying around your house. [1:30:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5400) Go in the attic. Go in the closet. I used to find clothes that have the tag still on it. [1:30:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5404) Yep. I I did that this weekend. I went through my closet. I was switching out, you know, into the winter clothes. And sadly, there were clothes with tags on it that I wasn't going to keep. And I was like, I should probably like go on one of those sites like Vintage or somewhere and sell these clothes. [1:30:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5416) So, my wife used one called Thread Up where you just put it all in a box and just ship it off and they just send you a check [1:30:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5423) for whatever they sold. You don't even have to. They can donate the rest. Really? I need to do that. So instead of Goodwill, nothing wrong with Goodwill, but yeah, she'll she'll just get a check for like 300 bucks and that becomes new money to buy more wardrobe that will end up in a box somewhere. So that's fun. [1:30:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5435) I sent I put I put it all in a box and sent it to my sister. She'll get to deal with it. [1:30:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5439) That's so nice. Well, if she doesn't like it, she's going to be like, "Why'd you send me this crap?" [1:30:42](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5442) Jade's fashion is is on point. So she got some swag in there. Uh Lucas is in Atlanta, California. Or is that GA? It says CA. I think we mean Atlanta, Georgia. I didn't I don't think there's Lucas. Is there in Atlanta and California as well? No, no. I'm in I'm in Georgia. That's what I thought. Not sure about California. [1:31:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5461) How can we help today? Um, so I've I've uh taken Ramsay's courses back in college. Uh, and so it was pre like chip for the for the cards and he he hit a lot of mutual funds. He talked a lot about mutual funds. Um, and I just like I tried to dip my toes in it. I just it's really hectic. I don't know what's the right like indicators for a good mutual fund. Well, you got George Camel on the show and this is his bag. Capital B [1:31:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5491) So nerdy. So nerdy. So you know the four types that we teach, right? Um, no. Let's walk through it for you and everyone listening. So for over 30 years now, Dave has recommended these four types of mutual funds. It's the same types he invests in. Now, we've never recommended a specific mutual fund, a ticker symbol, because we don't want you investing in something because Jade or George or Dave or Rachel said, "Go invest in this. is a great fund. So, what you can do is start the research process, which again, this doesn't have to be a long-winded process. Do you have an employer sponsored retirement plan right now? [1:32:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5525) Yeah, I have a match 401k. Great. So, how look go look at the funds that are in there. There's probably like what 20 funds or something, [1:32:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5533) I think. So, so now by process of elimination, you can remove anything that isn't Ramsey. So, if you see the word bond fund or target date fund, you can remove those. That's not what we're looking for. We want good growth stock mutual funds across these four types. Number one is going to be growth and income. So these are large. They sometimes call them blue chip companies. They're steady. They're not moving. They're not very exciting, but they are steady. Then you have your growth funds. That's sort of your your midcap. They're not the biggest companies in the world. They're not the smallest, most aggressive. Then you're going to put 25% into aggressive growth, which is sort of the wild child. You might see some high highs and low lows. [1:32:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5569) And then finally, we end cap it with international for your last 25%, which is companies that are based outside of the US. And so, if you just split four types across 25%, you're going to do just fine because you're diversifying on top of diversifying cuz that each fund has 90 to 200 plus company stocks within them. [1:33:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5589) And George, tell him, why does he I'm throwing you the softball. Why doesn't he want to do those bond or those target date funds? [1:33:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5594) Lucas, how old are you? 26. You're 26. So, target date funds, what they do is they move you over time to more conservative investments. And what happens is instead of getting the market right now is up over 10% year-to- date. Instead of seeing that 10% over time, you're going to be 60% bonds, 40% in stocks in the stock market. So, all of a sudden, your returns are going to turn from 10 or 12% down to 6 or 7%. And you're going to look up and say, "Whoa, where's my returns at? [1:33:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5624) Everything's diminishing. Why?" And so bonds are, you know, meant to for people who want that stability, but we are looking for the long term and we stay 100% equities. Even Dave Ramsey to this day is 100% in equities, not in bonds. And that's because we want to see that long-term growth forever. And so if you just do it that way, and even an in a good S&P 500 index fund will cover a lot of what we just talked about, but you can beat the market with a mutual fund. So if you think about it this way, a single stock is like betting on a single horse. Instead, a mutual fund is betting on the entire racetrack. [1:34:17](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5657) I like that. So, that's the way to think about it is I'm no matter which horse wins, I'm gonna win today. And so, that's the value of a mutual fund or an index fund. They're very similar. Index funds are just passively managed. It's just going to say, "Here's the top 500." A mutual fund is a some actual advisor saying, "We're going to handpick what companies we think will beat the market and invest in that." And so, that's why we recommend those over the last 35 years. Go to ramiesolutions.com/guide. you'll get our free investing guide. [1:34:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5684) We'll also drop a link in the description of this episode. Great question. It's the holiday season, so here comes all the excuses for not sticking to a budget. It's just this one time. It was on sale. And how about this one? I'll start fresh in January. Yeah, right. Money is not a math problem. It's a plan problem. And without one, your paycheck will disappear on you so fast. That's why we built Every Dollar. It helps you give every dollar a job before it's spent. So, you're telling your money where to go instead of wondering where it went. Every dollar is backed by the same proven plan that millions of everyday people have used for over 30 years to beat debt and build wealth. Get on a money plan now so you can get into the new year already making progress, not excuses. Start every dollar for free. Download it in the App Store or Google Play today. [1:36:09](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5769) Well guys, we want to hear from you. You guys are the listeners. You guys are what make this show go round. We love when you call in. Keep doing that. 888255225. But we also want you to jump in the comments. So if you're watching on YouTube, if you're watching on Spotify, tell us what connected with you, what you resonated with on today's show. We want to hear from you guys. Keep that conversation going. Next up, we have Xander who's in Memphis, Tennessee. What's up, Xander? [1:36:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5795) Hey, how are you doing today? Doing all right. How can we help? Yeah, so um I had just gotten laid off of my job. Um the rent's due, kind of low on money, and I got a I got an offer for a pretty highpaying job out of town, and she doesn't really like it whenever I go out of town for really anything. I'm just wondering if I should take it. Oh, my uh my girlfriend, soon to be f Beyonce. Oh, okay. So, she's like, "Stay home with me. It doesn't matter that this rent is due." [1:37:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5825) Yeah. Exactly. Is she working full time? Exactly. Uh, she is. Yes. Okay. So, are you guys splitting rent? How does that work? [1:37:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5834) We are. We we we are splitting rent. Um, we have roommates and we al together we pay 1,700 a month. So, uh, give or take, I pay around 5 to 600. She does as well. [1:37:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5846) Okay. Okay. Okay. So, tell us about this job out of town. Yeah. So, uh I'm sure that you know about the big old uh data center booms about just building. They're always building them. Uh I had I got a job offer for one. Uh it's for fiber pulling fiber and you know uh laying it down. [1:37:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5867) Um it's $28 an hour, $120 per DM and seven hours with 12 hour shifts. Now, I already did the math. That comes out weekly to $3,000 a week. Almost $190,000 a year. [1:38:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5886) If I If I was to stay there for the whole year, you know, granted, give or take. Obviously, I'm not going to do that. [1:38:12](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5892) Where is it? When you say stay there, where is it? It's uh it's in Alabama. Montgomery, Alabama. [1:38:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5898) Okay. Uh quickly, how is that a drives distance from Memphis? How long is that drive-wise? Not too too far. [1:38:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5905) It's give or take. It's give or take six hours. Okay. Give or take six hours. So, what are you thinking? I'll come home on the weekends. Like, what are you thinking your plan is? Uh or she'll come up to visit you. What's your [1:38:37](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5917) Right. I told her she could do that because if I did want to make this, you know, a real thing cuz I after Alabama, I have to go to New Mexico for another data center that I have to build. [1:38:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5927) Okay. So, you're setting them up all over the globe is the idea. Or all over. Okay. So, you're you're going to have a life on the road. You basically won't be home much. [1:38:55](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5935) How old are you? I'm 18. How old How long you been dating this girl? Uh, today was our oneyear anniversary. [1:39:05](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5945) All right. Can I um I'm going to be your big sister right now. And I have two I have two brothers. I have one brother that's seven years uh younger than me, and I have a brother that's four years older than me. So, I'm going to treat you like my brother that's seven years younger than me. And I would put him in a headlock, like a playful headlock, and I would tell him what's what, which is you're 18 and you're trying to get your life started. [1:39:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5971) You can't hold yourself back at this stage in life. You're not even engaged yet. [1:39:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5979) You got to go. You got to go where life takes you and you got to go try things. And I would encourage her to do the same thing, by the way, if she were calling in and she's like, "Man, I got this opportunity. this is interesting to me. I'm interested in doing this, [1:39:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=5992) but my boyfriend doesn't want me to go. I would tell her go anyway and go do your thing and they'll be waiting for you if it's right on the when it's over. Right. [1:40:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6004) That's my that's my take on this. Is the job itself interesting to you or is it just the money? Is there more to this? Because I like this as an opportunity for you. [1:40:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6015) Yeah. So, I I really do. I like doing the kind of work that uh they're hiring me for. I would rather do uh pipe fitting and welding, the stuff that I actually have uh certifications for. And whenever I was learning it, you know, I really liked it. But um [1:40:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6029) why can't you get into pipe fitting and welding? There's good money there, too. Really good. [1:40:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6033) Right. Their their list for that kind of um that kind of trade over at where I want to go, their list is always just full. So, I just kind of had to get in where I fit in, you know. Uh, but later down the road that is what I I am going to go into once I just show myself. [1:40:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6050) But are there any other local jobs you could do using those skills that keep you home? [1:40:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6056) There are, but they they just don't pay as much. You know what do they pay? They're paying probably $20 an hour. They're not paying per DM. Um, I I'd probably say I'd pull in, you know, 750 bucks a week. I'm just tired of having that kind of pay, you know? I I want something. [1:41:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6075) So, what are your actual goals here financially? Yeah. What would you do when you see 190,000 a year? Tell us here's what I could do with that money, guys. Here's my plan. Tell us what that looks like for you. [1:41:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6086) I'm honestly, if you want me to be honest, I'm real simple minded. I I She already knows this. I mean, I just want to have enough money to set myself up in the future to where if anything happens, you know, whenever we have kids, you know, they're taken care of. Mhm. [1:41:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6101) Just stuff like that. I'm really simpleminded. I don't need much. All I really need is a vehicle to drive and make sure that I'm fed and a place to live in. I'm good. [1:41:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6110) And you know, this is the woman you're going to marry. 18. Yes, I do. Yes. What's she do? [1:41:56](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6116) She she's a server. She works full-time. So, she can she travel where you travel [1:42:03](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6123) if she's a server? told her, well, I told I did tell her. I said, you know, look, if you know, I'm going to be m I'm going to be making pretty good money. If anything happens, I want you to stay for a couple of months just over there in our hometown or where we're living at. Um, and if I really like what I'm doing and I know that this is safe, I want you to come with me. And she said, "Hey, I have no problem with that, but I just think that those first couple of months are going to be harder if anything happens." What's her aspirations? What's she want to do ultimately? Because I know she doesn't want to be a server ultimately. What's she studying or working to become? [1:42:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6161) She uh she she really wants to be a stay-at-home mom, but if anything, she she wants to just keep on serving because she I mean, she likes it. She makes pretty decent money off of it. She's pulling in probably around $50,000 a year, but for a server, that's not even really too terrible. [1:42:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6178) I kind of feel like for those reasons, um I would pursue this, I think. And I would do exactly what you said, which is let me try it. See if we see if I like it. And if I do, [1:43:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6188) yeah, she's willing to go on that journey. You can go stack up six figures real quick in a year. [1:43:14](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6194) You can survive anything for a year. 100%. People getting out of debt don't see their families much for a year. So at 18, you can definitely survive this and go see if you like it and try it out. And if it's wearing and tearing on the relationship, go find some local work in welding. You always have that. That's what you really want to do. But for the meantime, at 18, this is the only time you have energy and time. [1:43:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6214) Agree. I I think you got to do this. And I think that you guys can figure it out relationally. And it would be different. I think it would be a different conversation if she were also [1:43:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6225) trying to pursue something that was keeping her uh stationary, but it's not. So, there is an opportunity that if the time comes for you to go to New Mexico, why can't she go over there? she can continue to serve there, do the the type of work she likes, and if ultimately she's wanting to be a stay-at-home mom, then at least short term, I think this does work out for you well. [1:44:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6244) Right. And I'm not always going to be making $28 an hour. At the end of November, I'm going over to New Mexico. I'm first going to Alabama. Uh but at the end of November, I'm going to New Mexico and they're paying me $40 an hour with more per [1:44:17](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6257) So, this goes higher and higher. Yeah. See where it takes you. I mean, that's going to be valuable experience with where [1:44:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6263) jobs are headed. This is going to be invaluable for you at 18 to have this kind of experience on the resume. [1:44:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6269) Absolutely. And I'm also thinking about um you know what you said earlier, which is I really want to be able to set us up. If I were you, I'd be sitting down and I'd be writing kind of a detailed plan of how I want this to look. That way, I'm entering into this season with a lot of intentionality with what I know I want to do with that money. Because one thing that can happen, Xander, is when you start making more money than you than you've ever made, you can start to look at it and you see all these cool things you can do with it that are more lifestyle type things. [1:44:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6298) And for what you're talking about, I would be so focused on number one, making sure I get this woman a very nice engagement ring when the time comes. I'd be focused on making sure we're saving up together money that's going to be spent on our wedding. And then the ne the next thing I'd be focused on is okay, you know, if we're doing this thing, we're getting married and this is happening within the next six months to a year, next thing I'm thinking about saving a down payment for a house. And if you're going to be making 40 bucks an hour, that's going to be my number one [1:45:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6326) down payment money, not cool car money. And please not cool car money. Do not have a baby before you're married. I am begging you. If you want this relationship to last, you want this family to be successful, wait until you're married to have a baby. I would say move to together, but we're already there. [1:45:39](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6339) Yeah. Do not have a baby or else you ain't going to North New Mexico. You're going home. You work your butt off for your money, but your money's never going to return the favor if all you do is hope for the best. If you're ready to learn how to make your money work for you, check out the Smart Vesttor program. Smart Vtor can help you find advisors who specialize in retirement planning, charitable giving, advanced investing strategies, and more. Whatever your goals, your pro will take the time to explain your options, so you never have to invest in anything you don't understand. Head to ramseyolutions.com/smartvestor to get connected. Ramseyolutions is a paid non-client promoter of participating pros. Learn more at ramiesolutions.com/smartvevestor. [1:46:53](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6413) Well, I'm so excited because Dr. John Deloney's Building the Marriage You Want is available for pre-order right now. Nobody gets married planning to become roommates. That's the truth. But life does get full, full of kids, work, packed schedules, and one day you just kind of look up and realize, man, this is what's happened. I don't even know the person that I'm getting in the bed with every single night. That's why John wrote building the marriage you want. He explains why marriage can feel so hard, but why yours still matters and what you can do to make it great again, giving couples practical tools to reconnect and build a stronger marriage. So, if that's you, you can pre-order now today for $24.99 and lock in $100, actually more than a hundred bucks in free bonus items. You'll get things like the enhanced audio book. You'll get early access to the ebook, which means you'll get that delivered two weeks early. [1:47:44](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6464) Plus, you'll get instant access to his exclusive video, uh, Dr. John Deloney on connected communication is what it's called. So, get your copy now at ramseysolutions.com/store. Or if you're watching on YouTube or podcast, go ahead and click that link in the description to pre-order pre to pre-order your copy uh today. All right, Ralph is in Columbus, Ohio. Hey, Ralph, welcome to the show. [1:48:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6488) Hey, thank you very much, Jaden George. I appreciate you some expert advice from you. My wife and I are in our 60s and retired and we want to give uh a substantial gift of money to each of our three kids. Uh it started out with one of them wanting to buy a house and I thought, you know, maybe uh up to $100,000 to each of them. Uh, and uh, I just want to make sure that I'm doing it right and I'm not overwhelming them. And the youngest is 24 and um, he kind of is changing jobs every couple years. I don't know whether to give money now to him or uh, put it aside for later. [1:49:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6551) Are you thinking about just giving them cash dispersements or are you wanting to do something like, "Hey, I'll match your down payment or I'll kick in for the wedding." How? Or you just want to give them cash? [1:49:26](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6566) Um, simple. Just give them the cash. They need it now. And if I give it to one, I give the other two equal amounts. [1:49:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6575) Okay. So, you got three kids. The youngest is 24. You're saying, "I don't care what they use this money on. You just want to help their adult life? [1:49:42](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6582) No, I want to help them. Yes, I would definitely want to uh have some say, not some say, but influence a little bit in what they do. I know the oldest one will use it wisely wisely. [1:50:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6600) So, what is wisely in your eyes? Because they might see that differently of whatever their goals are. So, do do each of them rent right now and you want them to buy a home? the oldest uh owns a home and they'll either invest or make some uh you know try to pay off their debt. I know they would do it wisely. The middle one uh would use it for a down payment if I suggest it that way. And the youngest, I'm sure he's okay with money, but just um [1:50:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6640) would they go buy a Corvette? Is that your fear? I really doubt that. Uh but yes, that's a fear. [1:50:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6648) I just they go blow it on on toys and experiences and then it's gone within a month. I don't think they would, but I'm still concerned about the youngest just because, you know, 24 when I did a 24, you know. [1:51:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6664) Sure. Well, it's okay to set conditions and structure and timing to all of this. It doesn't mean you have to give them all $100,000 on the same day for the same thing. It might be situational. You might wire the money directly to the title company for that down payment. [1:51:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6678) And so, you can set it up in a way where it goes directly to the thing you want to help with. And that's up to you. If you're worried about the money disappearing or what they're going to do with it, will they actually pay down debt? Are they going to invest it instead of paying off the mortgage? That's the part that if you're worried about controlling, you can control those things. [1:51:35](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6695) And I think that's a helpful thing to be able to do, especially with the 24 year old. I think ultimately having a little bit of, you know, you're in your 60s, you've got a little bit of wisdom in areas that they're still acquiring it. And so if you can direct that wisdom along with those funds, I think that that's actually a really helpful thing to do. It's not about being controlling so much as it is about saying this is a wise thing to do with money. I know that and it's not going to harm you in any way if you do this. And I think that's totally fine to do that. I would have a solo conversation privately with each of them talking about where they're at in life, what their goals are. Do you have that anyways? [1:52:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6731) That's a good idea because then you can find out the 24y old what they're really they might have never shared this with you because you never really asked and you get them to open up and say well really I want to start this business here and I want to pay off my debt and now you know the exact things that you could give to that would make the most impact and so I would personally be doing that if I was in your shoes I'd be talking to each kid having those conversations and then figuring out okay I want to help with that exact thing I can wire the money when you're closing on the house you've got 100 grand right there I want to wire over to the title company [1:52:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6760) I love that and then you know you're going to they're really going to get the full value out of every single dollar that you're being generous with. Thanks for the call. Next up, we've got Ashley who's in Boise, Idaho. Hey Ashley, welcome to the show. [1:52:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6772) Hi there. Hi. How can we help today? Uh okay, so my question is uh should I sell my company stock that I have to pay down either pay down my house or to max out retirement for the year because I haven't done that yet this year. [1:53:10](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6790) Wow. How much do you have? Um, so total I have about 175,000 but out of that only 95 a little over 95,000 is available right now. [1:53:22](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6802) Fully vested kind of Yeah. fully vested. This is stock that was just gifted. Okay. What are the tax implications of you let's say you sold off all 95,000 today? [1:53:34](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6814) Well, that's I so I haven't actually looked. I was actually going to ask that question to you guys, too, is where I if I do do that, where would I start to figure out what the taxes would be? [1:53:43](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6823) Well, you're going to look at your basis, which is what you paid for it, and you're going to look at the appreciation, the gain, the realized gain you would have. And then you're going to be looking at either short-term capital gains or long-term capital gains depending on how long you've held that asset. So, longer than a year is going to be long-term capital gains. That's your best case scenario. Short-term capital gains is taxed to your ordinary income tax rate. long-term capital gains, depending on your situation, could be, you know, 0 to 15%. And so, I definitely would offload the company stock anyways regardless just because of diversification. [1:54:16](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6856) Yeah, it's a significant amount. Um, and then \[clears throat\] the company is it's pretty it's a volatile industry. So, [1:54:23](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6863) it goes up and down. How much is your mortgage? Um, so we owe 380 on the house right now. Okay. And you're married? [1:54:31](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6871) Yes. What's your total household income? Um, combined we're about 220. Fantastic. Okay. [1:54:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6878) So, you said the other option was to finish maxing out um your 401k, but on Yeah, [1:54:46](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6886) on 220k, wouldn't you max that out anyway, just doing 15%. So, that that was um we're not quite up to the 15% yet. We just finished paying off debt at the end beginning of this year. [1:55:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6901) Okay. Um, and so we're we're ramping up to the 15%. Do you have your emergency fund in place? [1:55:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6908) We do, actually. And then I was also going to ask, we I had got a decent bonus this year that put us about 30,000 over our emergency fund, what we need. [1:55:19](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6919) So there's also that as well. So I like the idea. I mean, you're walking the baby steps. I would do I would start I would turn up your investing all the way to 15% if it's not there. If you don't max out the account this year because you started later in the year, that's okay. [1:55:37](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6937) I would just turn on the 15%. I'd set it and forget it. And at this point, you're on baby step four, five, and six, which means once you've turned it on to 15%, the rest of the money can go towards paying off the house in whatever amount that you see fit. Right? So if you're like, "Hey, I've got this extra 30,000. Let's put 15 to the mortgage and let's, you know, I don't know, take the trip that we were planning on taking. I think that's fine, too. [1:56:00](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6960) Maybe set aside some of that to pay the taxes on the stock. Yeah, there you go. That's a great idea. [1:56:04](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6964) So, I I like this plan either way of the baby steps are baby step four, invest 15%. If you got kids, let's put some away for the college funds in a 529 plan. And then anything else, let's attack that mortgage. You bring that thing down to 280 from 380. You're going to get a pep in your step. [1:56:18](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6978) Yeah. And you're going to want to go fast in the the next coming year for sure. I like that. Every year just sell off the stock and throw it at the mortgage. I like that plan. [1:56:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=6985) That's a great plan. Hey guys, Dave Ramsey here. Every day on this show, we help people work through real money problems and figure out what to do next. Now you can get that same kind of help anytime with Ask Ramsay. Ask your money question and get answers built on Ramsay principles we use on the show. Whether you're making a decision or just want something explained, Ask Ramsey is here to help. It's fast, simple, and free to use. Go to ramseysolutions.com and try Ask Ramsey today. That's ramseyolutions.com. Our [1:57:29](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7049) Ramsey show scripture and quote of the day. 1 Corinthians 2:9. It is written, "What no eye has seen, no ear has heard, and no human mind has conceived the things God has prepared for those who love him." See, as Lewis said, hard hardships often prepare ordinary people for an extraordinary life and destiny. I added life in there. He just said destiny. [1:57:50](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7070) That's a little I thought he was going somewhere else. Little poetic uh creative license there, Jade. [1:57:54](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7074) I know. You know how you read something and you're like, I know where they're going [1:57:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7078) and your mind just went there. Jumped ahead. Oh boy. Sorry about that. Becky is in Boise Boise, Idaho. Hey, Becky. Uh, welcome to the show. [1:58:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7088) Thank you so much. Yes ma'am. How can we help? Um, right now I'm paying an extra $833 a month or about 10 grand a year on my mortgage. And um I'm wondering what you think about buying gold as collateral. Um and and and having that to potentially pay off my house if I needed to. You know, something that's going to have, you know, probably a much higher return on my investment on the money, I guess. So, the goal is to pay off the house, and you're wondering if you should use gold in order to do it. Accumulate the gold and then sell it off. [1:58:46](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7126) Well, um I I would like to pay off the house. Um $10,000 is kind of a compromise right now with my husband. Our interest rate is 3.375, which is very low. [1:58:58](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7138) And with inflation, he kind of thinks it's, you know, kind of crazy to pay it off because it's very cheap money. So, he's agreed to use the extra 10,000. I'm wondering if I could convince him to put more away if I said I was going to buy gold and then that would be the collateral and it' be a higher return. Does that make sense? [1:59:17](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7157) It does. I think similar to investing in like a mutual fund in a brokerage account and saying, "Hey, we're just going to invest instead because we can make more in the market and then we'll sell it all off and pay off the mortgage." [1:59:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7167) I just don't think that the argument he's making, I don't see him ever actually selling off whatever it is that you invest in to actually pay off the mortgage. That's my my thing here. Whether it were stock, whether it were gold, what whatever it is, I think he'd always want to hold on to that because of the interest rate on the mortgage. [1:59:47](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7187) Is that fair? Is that is that the guy that you're describing? Um, yeah, he he likes to take calculated risk and um yeah, probably. So, you think that's [2:00:01](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7201) Well, I say that to say I think we have to approach him in the in the right way. [2:00:07](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7207) Because if you're telling me, hey, he doesn't want to put more money on the house because of the interest rate, he'd rather invest that money, then that's telling me something about him, which means we've got to come at this. If if your goal is to pay off this house, we need to come at this another way that's going to convince him to do it. [2:00:24](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7224) Fair enough. And you don't think it will be gold? Okay. I mean, I wouldn't recommend buying gold anyways, no matter what it is. Um, you're paying above spot to buy it. You're going to sell below it. You still owe the bank. You got to turn the gold back into money. And again, as you accumulate all this gold, you're going to go, I don't know that I want to sell it off. [2:00:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7241) That's right. He's going to like that. Whereas the mortgage payment, you pay off every single month. That's a forced savings plan. And so, you're taking the human discipline part out of the equation by just going, I'm just going to pay down the mortgage. I know it's quote unquote cheap debt, but man, it's going to feel good to have that thing paid off. How old are you, too? [2:00:59](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7259) Uh, we're 47 and 48, but we just built the house 3 years ago, and it's it's a big mortgage. We built a $1.1 million home and we owe 663 and [2:01:11](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7271) Okay, so this is a this is a bit of a journey to get this thing paid off. So, you're going, "What's the point? It's 10,000 bucks a year. We're barely going to make a dent. Is it just feel like too big of a mountain to climb? Well, um, he has a lot of we have a lot of extra at the end of the month, but he is kind of wanting to get into other things. He wants to buy a build a shop. He's raising beef. He's retired military and he's never actually spent any money before and now suddenly he wants to do all these projects and I kind of want to let him, you know. [2:01:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7300) Yeah, sure. Um, is it on a 15-year fixed or is it on a 30-year? It's on a 30-year. [2:01:48](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7308) Okay. So, what I'm hearing, I'm hearing a couple of things here. So, when I'm thinking about paying off a mortgage, my brain goes from investing mode to safety, security, what I want my life to feel like mode, [2:02:02](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7322) peace mode. There are certain things that we do with our money that the the purpose behind it is not to make money. The purpose behind it is not to uh, you know, gain interest or anything like that. If I if I go shopping and I see an outfit I like, I buy it cuz I like it. I like the way I feel in it. I like the way I look in it. I I just like it. It feels great to me, right? And there's some things that we do like that with our money. And in many ways, when it comes to paying down a mortgage, that's part of the equation is I just want to feel good in my house. I want to be debtree. I want the feeling of not owing anybody anything. And that's what I want to buy with this purchase. Does that make sense? [2:02:41](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7361) Yeah. And so that's kind of what this is like. And that's that's the argument that you're going to bring to a table with a a spreadsheet guy or with a nerd guy is I don't like the feeling of debt. And at some point, it's not going to be today and it might not even be in the next 3 to four years, but I want to know that we're making strides to getting this thing paid off. We're going to continue to invest. We're going to continue to build our nest egg. That goes without saying. But I also want to know that we're taking strides to get this out of our life because I don't want this here for the next 30 years. Do you? Right. [2:03:13](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7393) And that's kind of the that's the communication path that I would take because if you just take this extra money and instead of throwing it at the mortgage, you buy up gold, you're going to turn around, he's not going to want to sell that gold off. [2:03:27](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7407) Okay? And if I know he he wants to make more money, but also go look at your amortization schedule on that mortgage and see how much went to interest this month. You'll throw up [2:03:37](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7417) a lot. So have a throw up bucket next to you because my What's your mortgage payment? uh 3205. [2:03:45](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7425) \3205. So the majority of that is going to interest right now since you guys just bought this house. [2:03:52](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7432) And so the sooner you pay it off, you can show them the interest savings if you think the math will convince them. You can show them the fact that we're going to need to retire one day. And right now on a 30-year fixed rate mortgage, we're looking at 77 years old, maybe we'll have the mortgage paid off. [2:04:06](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7446) And the amount of interest you will have paid throughout that time frame is, to George's point, sickening. It'll probably more than you paid for the house by the time it's all said and done. So, that's where I'm going. Let's set a game plan. Let's have him pursue his hobbies and fun. Let's also set aside an intentional goal to have this mortgage paid off before we retire in maybe 11 years. That's about 60k a year going toward the mortgage between your payment plus extra. So, what if we doubled the mortgage payment? That'd be pretty cool. [2:04:32](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7472) Yeah. 6,400 a month going towards that mortgage. That'll get knocked out and save a whole bunch of interest and you still will have money left over. [2:04:40](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7480) Absolutely. I like this plan. I do too. Thanks for the call. Let's take Caleb. Caleb, you're against the clock. Get to your question quick. Okay. [2:04:49](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7489) Okay. Sounds good. How are you guys? I'm doing good. How can we help? Um, so I'm 20 years old and I wanted to build my credit and so I got a $22,000 car loan and I'm just trying to figure out what's the best way for me to pay it all off as quick as possible. [2:05:08](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7508) So did you just decide that this whole business of building your credit is for the birds is because you did it and now you're getting out of it immediately. [2:05:17](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7517) Yeah. Well, so I started listening to you guys and a bunch of other podcasts about money and I really just wanted to take it into my own hands to get rid of this debt. [2:05:25](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7525) Yeah. Um, what do you make a year? Debt scares me. So, um, so gross I probably make $66,000. [2:05:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7533) And what's the car worth? Have you looked at the tradein value and at the private sale value? [2:05:38](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7538) Um, it could be anywhere from 18 to 22. Okay, I love that. I think there's a simple explanation right here in front of you and it's to sell the car and I'd try to sell it for what it's worth 21 22 and in the meantime while I have it for sale I'd be taking all the margin that I have Caleb and I'd be stacking it up because once I sell this car I'm going to have to buy myself something in cash. Do you have any money saved anywhere? [2:06:03](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7563) Right. I have about 3,000 into investments and then I have probably 6,000 um just saved in a high yield savings. [2:06:15](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7575) Is that 3K investments? Is that like in a Robin Hood app or one of those? It is. Yeah. [2:06:20](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7580) How did I know? Okay. Is it in like a single stock or something? What's it invested in? So, I have ETFs and then I have a little bit of Bitcoin and then I have S&P 500, [2:06:33](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7593) my friend. Well, if you follow your car fund, you just I mean, that's nine grand right there you could allocate toward a car. Yeah. So, here's the deal. If you're going to pay it off aggressively, you could keep the car. But, man, this is weighing on you. And so, Jade's point, you could reverse this decision pretty easily and pay a very small, stupid tax that one day you'll laugh about. But if I'm in your shoes, I want to get my life back at your age making good money and then you can begin investing once you have a fully funded emergency fund and just forget this idea that you need credit. [2:07:03](https://reclip.me/podcast/the-ramsey-show/the-pressure-to-have-it-all-is-keeping-you-broke-november-10-2026/transcript?t=7623) Absolutely. Well, thank you so much for the call and thank you for listening today. Thanks to the folks in the booth and remember ultimately there's only one way to financial peace and that's to walk daily with the Prince of Peace, Christ Jesus. ## Questions about this episode ### Who speaks in "The Pressure to Have It All Is Keeping You Broke | November 10, 2026"? George Kamel (Host), Jade Warshaw (Host). ### What is "The Pressure to Have It All Is Keeping You Broke | November 10, 2026" about? High earners face the dilemma of budgeting and debt payoff, exposing how rigid spending rules and a focus on "getting it all" can leave you financially strained. The discussion highlights the importance of a practical budgeting approach, debt payoff priorities, and rethinking traditional money assumptions. ### What is mentioned in this The Ramsey Show episode? 65 people, works and ideas are mentioned, including The Ramsey Show, George Kamel, Jade Warshaw, Emergency Fund, Baby Steps, Dave Ramsey. Each one on this page links to its own page with every episode that mentions it. ### How long is "The Pressure to Have It All Is Keeping You Broke | November 10, 2026"? The episode runs 2 h 7 min; the transcript is about 25,221 words in 443 timestamped sections. ## More from The Ramsey Show - [All analyzed episodes](https://reclip.me/podcast/the-ramsey-show) - [Books mentioned on The Ramsey Show](https://reclip.me/podcast/the-ramsey-show/books) - [People mentioned on The Ramsey Show](https://reclip.me/podcast/the-ramsey-show/guests) - [Sponsors mentioned on The Ramsey Show](https://reclip.me/podcast/the-ramsey-show/sponsors) - [Topics mentioned on The Ramsey Show](https://reclip.me/podcast/the-ramsey-show/topics) About this transcript: the episode's spoken words as captioned on YouTube, split into timestamped sections. Reclip.Me locates every person, work and idea in the text, keeps the time it is first named, and quotes the words around it verbatim. Last updated November 10, 2026.