Transcript

There's Always Hope When Facing Financial Hardship | February 13, 2026

From The Ramsey Show · Episode page · Watch on YouTube

· 2 h 7 min · 23,811 words · 495 timestamped sections

This is the full, timestamped transcript of "There's Always Hope When Facing Financial Hardship | February 13, 2026", an episode of The Ramsey Show published February 13, 2026 (2 h 7 min, about 23,811 words). It mentions 9 people, works and ideas, including Every Dollar, Fair Winds Credit Union, Dr. John Deloney, Rachel Cruz, Casper.

What is discussed, and when

  1. – 15:00: Casper, Every Dollar, Dave Ramsey, Dr. John Deloney
  2. – 30:00: Every Dollar, Guardian Litigation Group LLP, Live Like No One Else cruise
  3. – 45:00: Christian Healthcare Ministries, Dr. John Deloney, Fair Winds Credit Union, Rachel Cruz
  4. – 1:00:00: Every Dollar
  5. – 1:15:00: Every Dollar
  6. – 1:30:00: Dr. John Deloney, Fair Winds Credit Union, Rachel Cruz
  7. – 1:45:00: Every Dollar, Dave Ramsey
  8. – 2:00:00: Every Dollar, Live Like No One Else cruise

Notable quotes from "There's Always Hope When Facing Financial Hardship | February 13, 2026"

  • Weird. So, we're here to help you transform your life. From the Ramsey Network in the Fair Winds Credit Union studio, this is the Ramsay Show and I'm Rachel Cruz hosting this hour with Dr.
    about Fair Winds Credit Union · at
  • Christian's going to pick up and we're going to give you every dollar as a wedding gift for a premium for a year. A Ron.
    about Every Dollar · at
  • To pay it off. Yet we are differing in where we go for our refinance. I am we have both been students of Dave Ramsey and I am very tickled with wanting to do a 15 but my…
    about Dave Ramsey · at
  • And that's why I recommend Guardian Litigation Group. Guardian's not a call center. They're actual attorneys who can step into the courtroom and fight back when creditors try to sue you. Now,.
    about Guardian Litigation Group LLP · at
  • Well, big news, John, for the Live Like No One Else cruise. The VIP upgrades are gone. So, they are completely sold out for the Live Like No One Else cruise.
    about Live Like No One Else cruise · at
  • If you're looking for a more budget friendly way to save on medical costs and stay true to your values, Christian Healthcare Ministries is a great option to think about. CHM is…
    about Christian Healthcare Ministries · at

Who and what is mentioned in this episode?

People

  • Dr. John Deloney — Person · 3 mentions · first at
    Network in the Fair Winds Credit Union studio, this is the Ramsay Show and I'm Rachel Cruz hosting this hour with Dr.
  • Rachel Cruz — Person · 3 mentions · first at
    Network in the Fair Winds Credit Union studio, this is the Ramsay Show and I'm Rachel Cruz hosting this hour with Dr.
  • Dave Ramsey — Person · 2 mentions · first at

Companies & orgs

Products & tech

  • Every Dollar — Product · 10 mentions · first at
  • Casper — Product · 2 mentions · first at
    To show up as the best George Camel I can be, I need real rest. And that's why I got Casper mattresses in my home. The experts at Casper design their mattresses to help you…

Places & events

Full transcript with timestamps

Brought to you by the Every Dollar app. Start budgeting for free today. Normal is broke and common sense is weird. So, we're here to help you transform your life. From the Ramsey Network in the Fair Winds Credit Union studio, this is the Ramsay Show and I'm Rachel Cruz hosting this hour with Dr. John Deloney. And it's a it's a special show because we're kicking off our money and marriage events and have many people here in studio that are going to be attending the event which is so fun. And so we are here though on this show to take your calls. So you can give us a call at8255225.

The lines are open. So we're here to talk about your life and your money. Up first, oh gosh, all the way in Alaska, we got Aaron. Hi Aaron.

Hi. How you doing? We're doing great. How can we help? Uh so my question is uh now that I am engaged to the most amazing woman in the world um when we do get married we've agreed that we want to combine our finances into one account and do that together. Um but I've I've one I've never combined finances with anybody before uh even in my first marriage. And two is I I actually kind of have some control issues that I know I have. Um so my question is is

what advice would you guys give to people and how we can be successful in doing that together? It's a great question. Very self-aware. Aaron,

wait. Tell me tell me about your control issues. For for a control a person with control issues to say that sentence out loud, that tells me you're you're pretty special. What does control issues mean?

I've spent the last couple years in therapy kind of getting over my own personal things and stuff like that the last year or two. Um, I think for me it's I get really frustrated when, you know, part of it's kind of like not getting my way or I think this is the best way to do this. why aren't we doing this way? And then just kind of micromanaging things and stuff like that. And I know it's been an issue in past relationships. And obviously, this isn't something that I want to get in the way uh with me and my fiance.

Bro, this is what changing a family tree looks like in real life. I'm super proud of you, dude.

Oh, thanks, man. Like, like for real. To to be able to say, I've hurt people in the past. I've not been the guy that I want to be and I want to do something different and I'm going to go get the education and now I'm asking for wisdom on like okay rubber meets the road. How do I do this thing that that's how the whole country will change if people will start doing what you're doing right now. So hear me say I'm proud of you dude. It's awesome.

Well done. You mentioned the last couple years has been all about that. Good. So good. You mentioned this is your second marriage. Is it her second marriage as well?

It is. It is. Okay. Because we do find with second marriages specifically that not that it's harder to take the step of combining finances, but there's already been so much pain and hurt and untangling of finances if they were combined in the previous marriage that going into the second sometimes it's like a bigger hill to climb to be like, okay, we're going to do this. But the fact that you guys are doing something even differently than your first with money is is so encouraging. So, um, so yeah. Yes. So, what I would do is like when we say combine accounts, that really means mostly your primary checking and any savings accounts, right? We're not combining any retirement. We obviously want to take advantage of each of you having your own retirement. And when you're looking at combining it, there's a couple of things. So, it's the logistical side of just changing checking accounts, which

some people we hear that excuse like, oh, I just want to go down to the bank and do it. It's just so much work. So there's that side, but then there's also the side of realizing, okay, she is going to spend money on things that you may not truly understand and vice versa. And and what's beautiful about that though is that's where the conversations start to happen. Even in the conflict, that starts to happen. So if you can kind of get ahead of that, Erin, and do a budget together, sit down together and walk through where you want your income to go as you guys combine incomes and say this is one. Um, but you can start having those conversations and engagement. I wouldn't pull any triggers till after you actually are legally married. But,

right, this is a great point and even the wedding planning, you know, is a great kind of springboard into this. Like create a wedding budget. You guys sit down, you know, even have a checking account for the wedding budget and say, "Hey, here's what we're going to spend." And plan that out together. It's kind of a little bit of a test run before you guys actually combine everything and pay bills together.

And and I'll give you two practical tips. Okay, you ready? Yes. Um, and I got this from from Rachel and from Dave. Tip number one is since you're the controlling guy and you know that about yourself, I'm guessing um to use Rachel's language, you're the nerd, right? You you have a way that things need to be done, right? So you go first and you make the budget and you bring it to your budget meeting and then you slide it across the table to your wife and you say nothing other than I want you to look at this and change a few things and then hold your breath and exhale and do all your breathing exercises as you learned in therapy and all that

or change as much as she wants. Yeah. Ch change what she wants and and then y'all and then here's the beautiful part about it. Here's the second tip. Anytime y'all get into a conflict on when you say, "I think we can do groceries for $100 this month." And she's like, "Actually, it's 700." And you're like, "Uhuh, I'll just eat right." That you get in those kind of nonsensical things. I want you to use this phrase. The story I'm choosing to make up is. And for people who struggle with control issues, by framing it that way, you are opening yourself up. You're inviting someone in to challenge your story. And yours might be the story I'm choosing to make up is you don't think I'm smart or you think I'm dumb or you think that I don't know how to do math or like whatever. And then she can say no that's not the story at all actually. And then now y'all are coming together on an issue. You get what I'm saying?

Yeah. You're pairing into my soul right now man. Okay. Yeah. Well I may or may not have control issues myself. So, like being able to just put that on. And by the way, this isn't just going to be your money. This is going to be about sex. This is going to be about kids. This is going to be about where y'all live. If you can start hard conversations with the phrase, hey, this just happened. And the story I'm choosing to make up about it is, then you give somebody an opportunity to come to connect with you. I I I say this and I don't mean it to be cheesy, but conflict in marriage can be a great thing. It's a connection point. It means something matters. And when you invite somebody into it, it's amazing. When you start a conflict with I'm right or you screwed that up. It's your fault.

Yeah. It's your fault. Then what you're doing is you're declaring war and they have to defend themselves, right?

And so just those two things. And I Rachel, I'm overdramatic. We know that. I like the idea of both of y'all cancelling your current checking accounts and getting a new bank.

Unless y'all just have like a broad out relationship because there's something about y'all both had other marriages. This is like us starting completely over in the same on the same page in the same place. And I kind of like that.

Yeah. Yeah. And I and I can I'm I'm listening. I'm I'm right there with you. Okay.

Yeah. Yeah. And and combining money, it is one of the more scary, vulnerable things, especially when you get married later if it's your second marriage, like I said, because you're so used to doing something the way you've been doing it and it's worked for you up until this point. And so changing the way maybe you not necessarily see money but how you're handling it and then entering into someone else's story, right? That she has her own set of how she grew up, her tendencies, everything. And you guys combining that, it's one of the best things you can do, Erin, for your marriage. It really is. It is. It is such a central point that so many couples miss out on when they choose not to do it because you end up running on just completely two separate paths and you never intersect. you never have a chance to have conflict because it's like, well, that's just his over there and he's going to just do it. Um, so you

guys are you you honestly are you have such courage to step in and do something that's really scary that most couples wouldn't. Most couples don't and uh and I think you'll be better for it. You really will. The intimacy that's created, the conversations that's created, the you you know, the unity on your goals and your dreams, so much comes out of that funnel of money cuz money is a tool that creates the ability to do everything. And when you're on the same page with it, uh, it's beautiful. So, we're excited for you guys. And you know what? Hold on the line, Aaron.

Christian's going to pick up and we're going to give you every dollar as a wedding gift for

a premium for a year. A a Ron. Yes. So, you guys can This one's going to This one's going to happen.

It together. I'm excited for y'all. I used to be that guy who bragged about running on no sleep. And then I realized being tired all the time is not a flex. To show up as the best George Camel I can be, I need real rest. And that's why I got Casper mattresses in my home. The experts at Casper design their mattresses to help you sleep deeper, cooler, and more comfortably. And they've been top ranked in both the foam and inner spring mattress categories by Consumer Reports. You and your entire family deserve great sleep. So, go to casper.com/ramsey and use code Ramsay for 25% off mattresses and 10% off everything else.

That gives you up to 1,200 bucks off the Snowmax mattress, which is the exact one I sleep on. That's casper.com/ramsey. Code Ramsey. Up next, we have Bernardet in Tampa, Florida on the line. Hi, welcome to the show.

Hi there. How are you doing today? We're doing great. How can we help? Well, uh, we are blessed beyond all measure. We have a $800ish house and we have about 334,000 left on the mortgage and we're both looking, we're both united and wanting to pay it off. Yet um we are differing in where we go for our refinance. I am we have both been students of Dave Ramsey and I am very very tickled with wanting to do a 15 but my husband citing wanting to mitigate risk for the unforeseen future that he might lose his job. Uh wishes to stick with a 30 in the event that we would have then a lower monthly payment.

Sure. just in case. What What makes him think he's going to lose his job? Uh, right before Christmas, he lost one boss that was traumatizing and unseen enough. And then after Christmas, another boss was let go.

Oh, wow. And so I And he works with computers. And 5 years ago, computer jobs and especially administrative computer geeks, no problem finding a job. It's not as comfortable. Now according to him it could take up to a year to find a job and when he did it might not necessarily be for the same price tag. So he's so I hear him and I respect him and I understand he has handled our finances swimmingly for the last 15 years of our marriage when we combined our finances and he we have a budget. I'm sitting here looking at my budget. We have mapped out what a three month emergency fund would be and a six-month emergency fund would be

and we have basically two years worth of emergency fund right now. Oh wow. So okay

we plan on putting a big chunk on our refinance. Um and then in between all of this he's also saying I want to go enjoy the Florida waterways. Let's go uh get some jet skis. There it is.

Where are you from? Your accent is just like wonderful. I I can tell you maybe off the air.

Oh, there we go. Oh my gosh. Sounds like a conspiracy and I like it. Okay. Um Okay. So, a couple of things. Number one, you guys are in a great spot, FYI. Like, if if if you don't refinance to a 15-year, you guys are going to pay off your house early and and you guys are on track. Like, you are working your way there. Do you know what I'm saying? like you're not restarting something and changing something big. It's just more how can we effectively do this as fast as possible is what you're looking at. So nothing is on fire for you guys, just FYI. Like whatever we talk about on this call, you guys are good. You're moving in the right direction. So be encouraged in that.

And I agree and it was beautiful. We got to sit down and he showed me. He's like, "Here, honey. Here's our current mortgage and this is what it would look like if we paid it off and did nothing else. And then this is what our current accelerated mortgage would look like. And then here's the 15 and the 15-year accelerated and the 30-year and the 30-year accelerated. And he's like, there it is. It's not that big of a difference in the end,

right? Yes. Yeah. Because I mean, after you guys refinance, you know, because your interest rate probably will go up a little, right? I mean, if you've had your house this long, if you've paid off half a million dollars of mortgage of your mortgage already, you probably got your loan right before 2020.

We've only we've only had it for three years. Okay. So, you did get after go down a little bit.

So, what are you guys What do you guys make a year? Um, he makes over 300,000. Okay. Okay.

And that's not counting the blessed stocks and some of the other little perks that go with the job.

Okay. That's just just base salary. Is that for him? And you guys have a 2-year emergency fund, you said. So, how much if you brought it down to six months, how much will how much could you throw at the house? If you have 300 left, how much is sitting in there?

Um, so 6 months as we calculate right now is about 40, we'll say 43,000. And the my take is let's leave about 7 to eight months of an emergency fund just for an extra buffer. Okay. So, how much extra would you have to throw at the house after all that?

You'd think I'd be intelligent enough to write that down. Oh, sorry. No, you're How much do you How much do you have saved right now? What's two years for you guys?

So, it's about 176,000. One I love how specific you are. Like 176. So, if you kept 75,000 in an emergency fund, which is double your 40, and you put a hundred down on this house

as part of the refinance, you're down to 200. Uhhuh. And you can flip what he told you right back at him, which and and again, this isn't a game or a competition, but you called us and so we're going to side with you. Um, since it's not that big of a difference, then it's not that big of a difference. Correct. And what he I've tried to be when we had our conversation, I asked, "Did you pray about it?" And have you asked or sought counsel? And I've been talking to my dad's. I've been talking to friends.

I've written to you guys. And for him, he's come from a different place. Mhm. In his life. His his parents had had to he said he grew up wondering whether he would lose their house. Yeah.

So, I appreciate. So, for him, he's like, "I'm not quitting. I'm not getting rid of my job. I don't think I'm going to get fired anytime soon."

No, but he he has in his nervous system, he has a lived experience of scarcity. This could all go away.

So, in his mind, to have the potential of a lower payment mitigates risk for him, and that makes him more comfortable. So,

is he is he I get that. Is he planning on paying the house off early? You guys have a plan to pay it off early.

We are the accelerated concepts that he had. He's anticipating about 8 and 1/2 years. So when he showed the numbers

um the 15 year would be about 8.7 and the 30 year would be about 8.4 and that's not counting any extra windfalls we might put towards it.

Okay. Okay. So Bernett, any anytime I'm faced with an eitheror, we have to do this plan or that plan. An exercise I go through and that me and my wife go through whenever it's both when we're at odds on something is we force ourselves to put four or five other variables on the table.

Correct. You make 300 grand a year. You're about to potentially owe only 200 grand on your home.

Uhhuh. What if y'all just sucked it up for 18 months and just paid this thing off?

Yes, that's my plan. And then all of the risk is off the table completely. You don't need to refinance and get a little lower. All of it. Everything's been done in 18 months.

And then he can buy the boat he wants in 18 months. He can if he loses his job, y'all can be free. But you're talking about y'all are sitting on so much money. And if I with with earned income and with with your uh equity, your home, I'm telling you right now, if this is in my house, well, I'll tell you right now, this is exactly what my wife and I have done a couple of times, which is, hey, we're close enough now. Let's just bite the bullet for 18 months and get this thing out of our lives forever and then we take all risk off the table.

So, how does that look like for your family? Does that mean no vacations cuz he has a high stress job and we have young ones and he's

so counting the years. But no, but y'all live in Tampa. You could go down to a public beach and have a great time. That would be a year of not going to like some

Yeah. You probably wouldn't blow it out of the water, right? We and we say Bernett and you probably heard this on the show cuz you listen. We always say to be intense in baby steps one through three and then four through six is just being intentional, right? But for you guys since this is kind of a stress point, something that you're talking about, it's almost a little bit more of that acceleration just to be done with it because of it, you know? So, yeah, we do tell people not to be have a mortgage around for eight more years. Um, especially with these numbers that you guys can do this

and the potential risk that you'll have in front of you. Think about what he's doing. I wish he was on the phone. He's holding an electric fence and getting electrocuted from it. And he's then telling you in the other hand, I have to come up with ways to not feel so electrocuted.

What's the electrocution? The electrocution is I want to hang on to this mortgage for eight and a half years and I have to keep working this job that's super stressful. I can get laid off from from any moment and I'm scared to death of risk

and so let's hang on to this thing. And what we're not saying is I do have my license as a nurse. I could go back to work.

You could and you could get done with this thing in a year, but you don't have to. Well, I can't do that. I do have three young ones. I'm home domestic engineer, as it were.

There you go. But I mean, I I like the idea of y'all letting go of the electric fence at all. If he's really concerned about risk, and his story rings true with me. I understand that feeling.

Then let's clear this thing off the deck. And so what? We give up elaborate vacations for 18 months. Let's go to the beach every other weekend. We can do that on Saturdays and Sundays, but let's get this thing out of our lives for good. And then we take the 15, 30 year that proxy war off the table.

Yeah. And it's not a lofty goal. These numbers totally do. 300 grand. You could do it. You can do it. If debt collectors won't stop calling and you feel like you're drowning, you don't need another company selling debt relief dreams. You need realworld help. And that's why I recommend Guardian Litigation Group. Guardian's not a call center. They're actual attorneys who can step into the courtroom and fight back when creditors try to sue you. Now, look, debt settlement isn't pretty. I'd still rather have you get out of debt the old-fashioned way. But if you're facing bankruptcy and need a way to stop the bleeding, Guardian gives you a path forward. And they don't charge a dime upfront. Guardians attorneys have helped over 55,000 people across the country settle more than $600 million in debt.

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Well, big news, John, for the Live Like No One Else cruise. The VIP upgrades are gone. So, they are completely sold out for the Live Like No One Else cruise. So, you've missed the opportunity for the top tier ticket. But if you are debtree, there's still a chance to celebrate and get the upgrade to the preferred for some extra access, better seating, and uh yeah, just some little surprises here and there. So, if you have not checked out this cruise, we are going again March of 2027 and we're doing the Western Caribbean.

And this cruise was so much fun when we did it last year. And so, um, yeah, I mean, the the time on board with all the passengers, an entire boat full of people that have been working the plan and getting out of debt. It is just some of the best people, honestly.

Awesome. So kind. And we do all the nightly events. There's entertainment, there's also us, there's teaching, we're around at the dinners and everything. It is so much fun. So, if you want to go cruise with us in the Western Caribbean, you can lock in your cabin for just a deposit of $600 today. You can go to ramseolutions.com/events and book your cabin. All right, let's go to Justin in Chicago. Hi, Justin. Welcome to the show.

Hi, thank you so much for for taking my call. I've been a long time long time listener and I just purchased um the Ramsay book, but it hasn't arrived to me yet. and I've just gotten ourselves my my wife and I into some trouble here and just looking for for advice and solutions on how to get it taken care of.

Yes. Glad you're here, brother. What's going on? Um well, I um there is some consumer there is consumer debt. There is um 18,000 in personal loan. Um we have 9,800 uh in a vehicle loan. Um the other vehicle is is paid in full. We have um another loan, a heliloc loan of 44,000.

Okay. And our mortgage, our um we did everything right with our mortgage. We put, you know, an acceptable amount down. I think we put like 25% down and we still owe we still owe 272 on our on our home.

Okay. What's your income, brother? How much do you make household? Um I make I make 95 and my wife makes 140.

Oh, sweet. Good. Okay. So, I know I I I know that we can I I I know I'm sorry to interrupt. I I know that we can, you know, take care of this in a relatively short amount of of time, but I just I've been listening to you guys for so long and would just value your your opinion on things.

Let me say this first. Rachel, walk you through a plan. I can hear it in your voice, man. Like,

I'm I'm It's been a long time. Yeah. Like, hear me say this, and I'm not saying this lightly. I'm glad that you are here.

Yeah. I'm proud of you for for recognizing the challenge you and your family are are challenges y'all are in and a y'all dug yourself a pretty nice hole and you have a humongous shovel to dig out of it. But you can't go anywhere if you're going to carry around all the past mistakes you made.

Yep. So, we got to set them down and say, "Cool, here we are. Don't ever want to be here again." And we're going to head forward and get out of this mess. I I'm ready. I'm ready.

Justin, can I ask you said you've been listening for a while. What caused um what caused some of this stuff? What was the car situation? What's the $18,000 personal loan? Has life just happened and it's just been exhausting and you guys feel like you had no way out. Well, life life did happen, but to be perfectly honest, I I put us in this situation and I have I have taken uh the necessary steps for quite some time now to um to correct that.

Are you in recovery? So, um well, it's it's not uh it's not um drugs or alcohol related or anything like that. It was gambling. I was going to say, yeah, which is the the curse on our generation right now.

For sure. Yeah. And I and I never used to I never used to be one. In fact, uh the reason why we were in such a good position earlier on in our uh in our marriage was I mean obviously we you know we both contribute and things like that but I was just a I was a stickler on on things and I I think I I think we just got to a point where we were where we were doing so well

and kind of let your foot off the gas. I I uh and I made and I made a lot of mistakes and and it's you know it's been about it's been about three 3 months now where I haven't I haven't been doing you know anything and just really really focusing on just refocusing I should say on

just taking care just taking care of this and then I I I guess then my next goal is our next goal I should say is, "I'm just going to go full throttle at our mortgage."

That's awesome. It's great. Was the um you know, it's it's always interesting because we we get these calls a lot when addiction some level of something is paired with this debt. That's a pretty common equation. And I think what the extra hill to climb when you're paying this off is like I think there is like a deeper motivation there, especially when you're changing your life and changing your behaviors. But there also can easily be such shame attached to it, right? It's not like, "Oh gosh, we just decided to go on all these crazy vacations and got an $18,000 of credit card," right%.

Yes. So you But what you were saying, John, is letting that part go because Justin, getting rid of this stuff, we can make a plan. Like that is easy,

but it really it's going to be a more fulfilling journey when you do that deeper, which you may have already done, but

but and listen to me. Like I need you to internalize this, okay? You hearing me?

Mhm. Yes. If you start this debt paying off journey and you saddle up next to your wife and you all agree, y'all y'all make a blood oath and you all pay this debt off. If you wake up every day and keep your budget and check your Every Dollar app, we're going to hook you up with that for free. If you do all that stuff because you think you're a piece of crap and this is what you deserve, I promise you 100% you're going to crash and burn.

Mhm. If you wake up every day and say, "I'm doing this because I'm worth not being chained to banks and to mortgages. I'm doing this because I want to be a guy that my wife can anchor into, my kids can anchor into, because they deserve that." Like, they're worth that. You'll do this forever. And that's why shame will bury you if you're not careful.

Okay. Okay. Cuz that's really what I've been I know it is. I can hear it on you. You cannot go through get out. You go through the baby steps because you think you suck and you're an idiot and you're a loser and this is your punishment. This is the path to freedom. It's not it's not a it's not flogging you for what you did in the past.

Okay. Can I ask you guys a a quick question about it? It's It's not I mean I I I just It's kind of one of those things where I just I How How did I get us here?

I I know that. Hold on. It's not a helpful question right now. That's a question between you and your therapist.

We're going to start doing the next right thing before we know why. Okay. Because that that's a trap. It's a cultural trap.

Okay. Like, are you trying to figure out and get to the root of why I'm gonna stop yelling at my wife before I stop yelling? That's that's that's the wrong order.

But you do need you've got to do the work. Yeah. You got to talk to somebody. You need to be in a recovery group. You need to do that stuff, of course. But we're going to start

we're going to stop gambling today. We're going to stop borrowing money today. Mhm.

Before we get to the root of, you know, what happened when all that stuff is well and good. I wrote a book about it. It's important, but it's not the right order. Right now, we're gonna stop the harming behavior. And Rachel's gonna walk you through a plan right here. It's pretty simple, especially for guys that make as much money as y'all do.

Yeah. So, we can I just say one real quick thing? I I guess I got a little off track. And we do have we we do have a I I guess I would consider a large a large sum of of money, but I guess I would consider that my wife's because her mom did pass away about four years ago. And it's in a Roth IRA and there's

Yeah, I wouldn't touch that, Justin. Yes. So, keep that all anything retirement, 401k, Roths, do not touch.

Not because it's hers, but because it's in a retirement account. That's right. Because of the tax. Yes. Yes. Keep that there. And then if you guys have any stocks, any savings anywhere else, throw it at this debt. But honestly, you guys can have this paid off. I mean, with your income in in 18 months, you could do this very, very quickly, Justin. So you guys pay off the smallest debt first to the largest and include the heliloc and then later you can start investing and then we can look at paying off the house.

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Oh man, I just pre-eread this question and I felt a rant coming on. So, you have to go first, Rachel.

Oh, I can't wait. Read it. Today's question comes from Marco in Arkansas. Marco, this is for you, brother. Why do you encourage people to have children in baby step two while they're paying off debt? I understand that babies can be unexpected, but why do you encourage listeners to have a child when it will add a large line item to the budget that could go towards paying off debt? If you didn't have that child, the money, bro, the money saved could go towards debt. Wouldn't that be a better plan? Okay, here's what I would say. If it would be if the only thing you cared about at life was money. Money is like a thing to help your life. So create a life that you love and let money support that. So

yes, get married during baby step two. Have babies during baby step two. Like like money is not your life. This is not your life. Now sometimes it has to be for a season to get yourself in a better financial position and you may be kind of obsessed for a year or two to get out of debt. Like absolutely, but that doesn't pause the bigger things in life which are your health, your spiritual life, your family. Like those things trump money. You have to understand that. Now again, I will say with the caveat always there are sacrifices you make but we're not sacrificing those things. Those are that creates a full life. So no, have babies. Have babies and baby step two. Have two babies and baby step two. Make it a two twofer.

Have five. Have five babies. Marco, I wonder if Marco has babies. I will say out of all the Ramsay personalities, not to throw him under the bus, he's not here. Maybe he can come in and do a segment, George is someone that's like, "Hey, if you are stressed to the max and you keep on have bait, you're going to continue to be stressed." Like he he has

I know, but George also opens his garage with a cell phone. He's he's like a special

case of anxious saying on an extreme case extreme extreme extreme. You may, I don't know, think twice about I think that's what George may say. But overall, my philosophy is the big things in life are always going to trump money. And so have a life that you want.

Well, go John. Now, here's your go. That's just I I What? You have to rant. I barely ranted.

No, I'm good. I Because I'll be ugly. I No, you won't. Go. You're never Let me say this. as somebody who we struggled to have kids for years. We've lost a lot of pregnancies

and I've got two kids that if you had told like again like look at on paper you have a child it messes up your money it changes your relationship changes your sex life. It it changes everything.

Yeah. Not just so the algorithm on paper doesn't work. And if I could snap my fingers and have one thing different in my life, I would have more kids running around my house

because of the depth of and the purpose and the like you don't know who you are, I believe, until you feel the weight on the squat rack. And that can be some people can't have kids. I've been there. And so that can be in your purpose. That can be in the things that you're doing. That can be in the responsibilities that you put yourself underneath that you get to carry. That's where you find purpose. And so I can't think of anything greater any any greater calling if you're able to than to go have kids. Yeah. And so to pause it because I'm a part of this plan or man, you'll pay off debt as you go because I mean following your same line of logic, Marco.

Um and again, by the way, I want to be sensitive to those who can't. I've been there. I know to those who have lost. I've been there. I get it. Um and I can't also not say that it's not super stressful. Doesn't cause fights in your marriage. It doesn't cause it's it's hard.

Yeah. And anything in the world worth doing is hard right? But following your same thing, Marco, like let's not have a car then cuz that's an extra expense. Let's just walk and let's not have a home. Let's let's live in a tent. We can do that cheaper. Like you can follow this line of thinking all the way out.

Yes. That's so true. So we want you to follow a plan that you can actually do. We want you to make sacrifices where you need to. And the sacrifices we're talking about are going out to eat for God's sakes and vacations for crying out loud and working extra job. All that stuff's important, especially for a season. But man, the big stuff like build a marriage with somebody while you are getting out of debt. That's amazing.

Navigate having a kid and having to also make sacrifices. Yes. Learn how to say no and learn how to say not yet. All those things make you give you the life that you really want down the road. So,

and I would say too along those same lines, I think it's so common for people to say, "We'll have kids

win." And it could be a financial goal, a career goal, a whole thing. And it's like there will always be something to be chasing, right? So, just just do it.

Yeah. That's where I've changed in life. I'm a little bit like, have kids, have them soon. Have them soon if you Yeah.

Uh, well, Marco, you're fun. Thanks for Thanks for the question. Hey, you know what? I'm guessing I'm guessing his wife.

Here's what I I think Marco's wife wants to have kids. I know. And he's trying to come up with reasons to not.

I want to hug her. Lord, have six. Marco, have six. Okay, let's go to Mariah in San Diego. Hi, Mariah. Welcome to the show.

Hi. Thanks for having me. I am so nervous to talk to you guys. Oh, don't be. I'm nervous. I'm sitting by Rachel for How do you think I feel?

We're glad you called. My husband says I'm a glutton for pain by calling cuz he knows you're going to yell at me. No, you called when Dave's not here. We will not yell. I promise.

I know. Thankfully, I'm I am relieved. So, we have been half listeners for the last eight years of our marriage. And we

pretty much impulsively bought a house because we wanted to have a house before our first baby. And so, we've been in this house for four years now.

Okay. And it is 50% of our income. Okay. And it is exhausting. It's like sucking the life out of us. However, my husband runs his business out of our threecar garage.

So, we don't we don't really know what to do because we have renters and that's how we stay alive. And so, calling us,

correct? Um, two are family and then one somebody that we found um and we did background checks and everything. And he's phenomenal. So, we love our renters and we love the environment in our home. It's just if one of them were to back out or all three of them, you know, it we would not survive.

Yes. Is it 50% with just what you guys are paying plus what the renters are paying or that includes the renters?

50% includes the renters. We get 2400 a month from renters. Okay. Um and we make 6,400 on our portion. So, we get about almost 10,000 a month. Um, on average, it's about 9,500 a month.

Okay. And all of our house mortgage and bills come out to about 53 a month. Well, how much is just the mortgage? Not the bills, but just the mortgage.

43. 43. Yeah. Yeah. I mean, you're definitely in a high-risisk situation and you're having to

Yeah. depend on these people exactly how you're feeling. Yeah. I think I unless he's going to be getting a significant raise anytime soon. Is the business he's running his own business. Is there an upward trajectory? Like are you guys looking out and say okay yeah in two years it's going to double like have you have you done projections like how it's been a pattern so far or

Yeah. So he just started in May of last year. Um so he's not even a year in and he did 125,000 before taxes

last year. Um, and we took home about 86 of it. And so he's been doing really well and he took off and because of his experience with his previous job, he's got really frequent clients. Um, and he's getting a lot of really great work. So, he sees a lot of growth and I see a lot of growth in the company.

How fast will that grow? Potentially in the next year, we're even thinking that he could double it. So, we see a lot of growth, but that's the biggest thing is we need the threec car garage because renting a space out here for that price is at least 4 to6,000.

Yeah. For the space that he needs with the tools and everything that he would need to move.

Right. Right. But my my fear is you've already left the house. What do you mean by that? Like my fear is you're already out

and y'all can come up with a bunch of reasons to stay, but I feel you're already out.

Yeah, the stress is weighing on you, Mariah. So, what I would do is I would have benchmarks for you guys cuz if you doubled it, then it goes from 50% to about 35% if my numbers are right. And then if you double the business again, right? If it really is that successful, you guys will be fine in 24 months. But the question is, you have to have benchmarks. And if you can sustain that for 24 months and hold your breath and say, "Let's see if this works." I you could, but if those if it does not double in a year, you guys have to have a hard and fast rule to say we we're selling. We're getting out of this. If it does not happen,

Dave, we got a lot of calls on this show where life happens. One day, someone's healthy, they're working, providing for their family, and then a curveball hits. You know, we hear it all the time. A car accident, a cancer diagnosis, a heart attack, and suddenly everything changes.

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Protect yourself, protect your income, protect your family. Welcome back to the Ramsay Show in the Fair Winds Credit Union studio. I'm Rachel Cruz hosting this hour with Dr. John Deloney and the phone lines are open. You can give us a call at8825-55225. And we're going to go to Little Rock, Arkansas and talk to Skyler. Hi Skyler. Hey, how are you doing today?

Hi, we're doing great. How can we help? Well, I make annual income of 31,700 a year and I'm kind of in the bind with a car payment and ATV payment situation, too. Um, the car is worth like 28. It's $28,000 when I got done financing it. And the payment's like 529 a month.

Holy smokes. Yeah. And then you went and bought an ATV. Yeah. For $10,000 and that's 252 a month. So

I don't want to kick you while you're down, but that's a very Arkansas thing to do, right?

Yeah. Yeah. It's a Texas thing to do, too. So there we go. Yeah. Some pot talking to the kettle here. Wow.

Yeah. It's terrible. So I'm thinking I'm just going to have to get rid of this car.

Correct. And I got a cash car sitting over here. It's a Honda Civic 2009. So I'm fixing it. I'm fixing it up. So,

good for you. How How much money will we have to put into that? Not very much. I got a new water pump installed and all it needs now is a oil.

Well, that's great. BBT oil um gasket and it'd be good to go. So, why are you calling us? You already know what to do.

Well, so you got 28,000. Is that what you owe on the car? How much could you sell it for?

Come on. Oh, no. Say it again. The negative equity is $10,000. So, I'd be negative 10,000 upside on the car.

Okay. So, you can sell it for 18 is what you're saying. Yeah. Okay. So, you just have to take a small loan out if you can for 10 grand. And how about the

Is there any way Is there any way I can go through fair winds or is there any possible way I could do it that way?

You'll have to call them and they'll sit down and check out your your history. Yeah. Yeah. Yeah. I mean, a credit union or a local credit union would be a great option. They're usually more willing to work with people and looking at their specific situation.

How about the ATV? What could you sell it for? Oh, I'm not really sure. I haven't looked in the value on the ATV yet.

Okay. It might be maybe the value is like$7,000 possibly since it's new. Yep. Well, I would encourage you on that one to probably just try to save up the three grand if you can for the difference.

Yeah. um and and be done with it. And thank God you have this other car. I mean, honestly, that's a that's a lifesaver in this situation.

I used to be debtree. Yeah. I used to be debtree a long time ago. I was managing money really good and I just had a I messed up.

Yeah, it happens. We've all been there, dude. It happens. How old are you, Skyler?

I am 27. Okay, good for you. What do you do for a living? I work at Index Screens. I'm a delivery driver working three days a week. I deliver teeth.

Okay. to the North Arkansas region. What do you deliver teeth? I deliver dentures. I'm a delivery driver for Green.

This is becoming my favorite call of all time ever. I deliver teeth. Amazing. To North Arkansas. Amazing. Amazing.

What do you do? What are you doing the other two days a week? The other the other four days a week?

Well, I spark I spark all the time and I just work. You spark all the time. Is that like a weed reference? No, it is a it's a grocery delivery platform through Walmart, you know. Okay. Gotcha. Gotcha. Gotcha. Gotcha. Gotcha. Okay. Okay. Yeah.

Um, how much is your How much is your teeth delivery job? How much does that pay?

Uh, 15 20 an hour. Okay. Do you get more doing that or the Spark? Grocery delivery?

Grocery delivery I could pick up like maybe on like four weeks like $800. So, that's a little extra money in my pocket. It's just uh if I can get these car payments situated, I'll be so much better off.

Yeah, but you're you're still very very economically vulnerable, brother. Yeah. Yeah. 50 or something, right?

Yeah. You can't you can't afford you can't afford a flat tire. No. Okay. So, I can barely afford tires on this car and I had to put it on a credit card, which

No, you didn't. You chose to. But here's the deal. I chose to. Here's the deal. Um, why don't you pursue more stable work?

Well, I could possibly find a different position. It's just you could, thousand million billion% find a different position.

It's just I I love three days a week, though. But sometimes we have to sacrifice to achieve what we want to achieve.

I think we do, Skyler. I think we do. I think 40 hours a week working Dude. Yeah, we got we got we got we got to up the we got to up the ante.

You have to get in the game of life. Skyler, not that money brings happiness. We're not saying that. But there is something about having stability.

Meaningful work does bring happiness. Okay, fair. Thank you, Ken Coleman. Yes, thank you.

It does. If you ever call again more stable, if I could be more stable and have no payments, I mean, that's just the way to go.

Well, exactly. But I want I'm going to send you and an emergency fund and a retirement account. Like there's some Yeah, there's um

Are you dating? I do have the Every Dollar app, huh? Oh, good. Yeah, but you don't have any money to to budget with.

Yes, he does. He's got like three grand a month and and and 80% of it goes to car payments, right? He's got three budget categories.

Food, not dying, ATV. Okay. AK brother. Um I'm going to send you Ken Coleman's book, Find the Work You're Wired to Do. has a career assessment in there.

I want you to get serious. I want you to do this exercise tonight. I'm being totally serious and I appreciate you having fun with us on this call.

Listen, sir. I want you to write a letter to 37year-old you tonight. Okay? And I want you to write him a letter about the life he's going to have because you chose to get off your butt and stop coasting literally through life.

Yeah. And the work you put in today in your entering into your late 20s and into your early 30s will be the platform from from strength, from integrity, from work ethic, from skills um and and

contribution to the world, purpose. People that you meet and shake hands with and they learn to trust you. Those things will be the anchor points of your life at 37. Mhm.

And so I want you to write yourself a letter and say, "Here's who I chose that we were going to become." You're welcome.

And how I discovered the Ramsey Show is I know this guy that lives in Heaver. Um he told me about the Ramsay Show and I got involved and I started listening to the podcast. I was like, "Wow, this is the same situation I'm in."

Well, game on then. A mirrored mirrored situation. Yes. I listen to the O podcast every day going down the road delivering dentures and working.

Not every day, only three days a week. Yeah, three days. Well, if I can find old ones, I'll review the old ones.

Oh, Skyler, you know what? You're great. I I would I'm with I'm with John. Yeah. Um finding some purpose, you know what I mean? Like finding

By delivery dur is is such a great gift. Yeah. Yeah. I'm not saying that, but it's the it's the coasting, sleepwalking vibe that we're getting

that it's like, hey, just let's add a little bit more a whole bunch more a whole bunch more of excitement and spark. Ask yourself that scary, terrifying question. You only get one one roll of the dice in this life,

one life. Are you going to are you just going to cash it out, barely getting by,

driving 3 days a week, or are you going to say, "Hey, I was put on this planet to contribute, and here's what that's going to look like." And part of contribution means I'm going to have peace. I'm going to be anchored. I'm going to have some security so that I can offer that for other people. And man, that means not working just kind of coasting 3 days a week. That means getting after it.

Yeah. Hold on the line, Skyler. Christian will pick up. We'll get you Ken's book. Um, but you you have some great foundational things that you're doing already, you know, with habits, with money. We're going to have to make just some big changes to really leaprog and jump forward in some progress, which I believe you can do.

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Restrictions apply. See boostmobile.com/ramsey for details. Up next we have Susan in Indianapolis. Hi Susan. Welcome to the show.

Hi. Thanks so much for having me. What an honor it is to speak with the both of you.

Oh well, thanks for calling in. How can we help? Okay. My question in the most condensed form is how should I handle finances as I go through a divorce?

Ah. Oh man. What what's going on? um told myself I wouldn't cry. Oh, it's okay.

No, you're good. I'm glad you're here. My husband of 21 years decided to walk away. Um and I was completely blindsided by it.

Um which has left me living in fear and uncertain of my future. So, I'm trying to solve for peace and

um security. Yeah. Um and Dr. John, earlier in this um today's calls, you had talked about having options and I have some options and I was just wondering if you can help me with the best step forward.

Yeah, go for it. Put some on the table for us. Um well, so we currently live in um my husband's family farm. We purchased the home a few years ago and remodeled and I thought this would be my forever home. Um, I do not want to leave. However, he does not want the home, but he does not want me living there because I will no longer be a part of that family.

So, here before we get going, I want to give you a couple of of frameworks. Okay.

Sure. Whenever somebody files for divorce, whenever somebody says, "I'm leaving," what happens next? You go from married to we go to a business transaction,

right? And so I want you to have this I want you to tattoo this on your like not for real, but like I want you to tattoo this on your spirit. Okay?

Okay. He no longer gets a vote. Y'all are making a business transaction. When he chose to leave you, he took his name all out of the box that sits in the middle of your table of people who get to speak into your life. And for a time being, he's going to be replaced with a lawyer.

You get what I'm saying? Yes. And this is how you begin that because what you're feeling, what you're what you're talking about, I've heard this I mean thousands of times. What you're what you're that that sense of loss and bewilderment. There's literally a death and it was your marriage and you have to grieve it as such. But that takes time. But that other thing you're feeling is a sense that you don't even trust yourself.

Right. Right. How how did I miss this? I should have seen this coming. What should I have done differently? All those questions and there's never a there's never going to be great answers to those questions. But it's natural that you ask them. But the way you begin to gain regain trust in yourself that the ground becomes firm underneath you is you begin drawing very clear concrete boundaries about not what he wants but what you are going to do next.

Okay. Okay. And that's why we hire a good attorney. They're worth their weight in gold because it's literally hiring somebody to fight for you when you can't fight for yourself. Okay.

Okay. And so if you want to keep this house, then you have to go to the next layer, which gets a lot of folks in your situation in trouble, which is, I'm emotionally attached to this house. This was my forever home. I don't want to leave, but I can't I have a math problem. I can't afford to live here. And that's what you have to be brutally honest with yourself about.

And then he gets to buy out, write you a humongous check for his part of the for your part of the equity. Currently, he is paying for the mortgage and all living living expenses while I stay there. And um his proposal is that I can stay for um up to maybe three years.

Let me say this. He doesn't get a proposal. I mean, he can tell his attorney what he proposes. And we are, yes, we're in negotiations right now. But so I'm just trying to figure out what is best for me in this negotiation.

In no world am I going to let the guy who just walked out on a 20-year marriage be my landlord?

Yeah. No way. How much is the house worth, Susan? Um, probably about 350,000. Okay. And how much do you guys owe on the low end?

Um, 240. Okay. and question with the family with this being family land. Number one, I'm just curious. Do you do you enjoy his f like that you want to create a life still in that?

I would I would go I would go to to like a a estate sale and get a whole bunch of toilets and just line the property line with old toilets. That's what I would do.

We bought three acres in the middle of 80. And um so they own all of the land around where we are.

Okay. Cuz when sometimes when there's a family land deal, there's something written within like I mean is there anything that like legally you could take this on? Correct. Like you guys

No, there's there's nothing in writing that um we said we would never sell it outside of the family. There's nothing in writing. That's what worries me a little bit, Susan, is that my only fear, even if the numbers work, and I could be wrong, that you stay on this property with his family surrounding you. You want to start a new life, and then you're like, "Hey, I'm I'm just making this up. Me and this this other guy in 5 years want to move close over here, and now you're stuck, and you can't sell that house because

I wouldn't want to do that. I I would rather my son who is I I know he's only 17 but

when he's older I don't want to put him in that either. Okay. Let let me say I'm going to say one more thing and it's costic what I'm going to say. Okay.

Okay. And this is like a hard truth. And if you and I were hanging out I would wait for about an hour to say this thing but we only have a few minutes. Okay.

Hit me. The life you had is over. Gone. Mhm. the dreams, the wants, the things that I want to be in the future are now over. They're different now.

I hear you say that all the time. So, thank you for I know, but it hits hard. I know. And I don't say it lightly. I'm not trying to I'm not trying to be braggadocious.

No, it's okay. But trying to think of the way things should have been where y'all have this amazing place and this amazing property and you deed it over to your son who's then 28 and he's got a young family, all of that. It's your husband ended it. He set it on fire. And so that dream, that picture you had of coming back to your old house that he now lives, your son now lives in with his young family for Thanksgiving, you have to put that picture that you've painted in the grieve pile.

You get what I'm saying? I do. And I hate that for And we want to do what's best for Susan. Susan in the next 3 years and Susan in the next 10 years and 15 years, you know. So, it is a it's a um looking so far ahead, which is probably so hard to do right now in the middle of the pain. Um but I just don't want you to make a bad financial decision that traps you in something that Susan 10 years from now can't freely live out.

Got it. So then I do have some other options. Um but I don't know if these are good options either. Okay, let's do Yeah, tell us what those are.

In, you know, it in the divorce, I I get half of the 401k and my financial adviser has told me that I could take that without penalty and put that towards the down payment on a house.

Do you have anything else in retirement? I do. Um, I will get about 31,000 in a Roth IRA and then I have about 10,000 in mutual funds. How much is going to come over in the 401k?

All of it. I mean, how much What dollar amount is that? I'm sorry. What dollar amount is half of the 401k? What would that be?

No. Oh, uh 106,000. 106. And then um and then equity you'll get probably 50,000ish.

50 grand. Yeah. Um and how much do you make a year? How much are you working? I am 45.

You make 45,000. Okay. Yeah, I would not pull out of that 401k. I would, you know, Susan, honestly, I would probably just go rent something for a year

and settle some of this and then you can really take your time looking because if you have the ability to put down a great down payment and find, you know, a little home and your payment is no more than 25% of your take home. It's all in the parameters of buying a home wisely. I would be great if you did that, but you don't have to do that next week.

No, don't do that. Don't do that for six to nine months. I would put I would put a lot of this stuff and I would just hold it and wait a year and grieve and then let's look at options. But I probably would get out of this house if I was you.

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sweet success process gets you up and running fast. Go to netsweet.com/ramsey for a free product tour and to schedule time with a Netswuite rep. That's netsweet.com/ramsey. Well, over on the debtree stage, we have Kyle and Sarah from Akran, Ohio. Hey you guys.

Hello. Hi. Welcome to the show. Thanks for having us. Well, what an exciting day. Hey, so how much debt have you guys paid off?

Paid off 150k. Whoa. Oh my gosh. What did that consist of? That was our house. Oh, dude.

Paid off the house, baby. Steph, you look like you are 17. How old are you? I'm 33.

37. Oh my. You have a paid off house at 33? Yeah, we do. Well done. How long did that take you?

47 months. Just shy of four years. 47 months. Oh my gosh. Okay. So, and how much how much were you guys making during that time? uh started right around a 120 uh upped it to about 145.

Okay. Oh my gosh. Okay. So, what happened? What was it four years ago that you thought we're going to pay off our house? We're going to be we're going to be in our early 30s, mid30s and have a paid off house. How did that happen?

Yeah. So, we ended up buying our house in September 2021. And almost immediately, I kind of looked at Sarah and we were like, "Hey, what what would happen if we were able to go ahead and knock this out in less than 5 years?" And uh yeah, we just started tackling it, just attacking it uh every single month. And we really looked at it and we said, "Hey, how do we have more options in our life, have more peace?" Really just wanted to go ahead and just provide more uh more wiggle room, I would say.

Oh my gosh. How much is the house worth? House is worth around 330. Okay. Amazing, you guys. That's that's incredible. How does it feel?

It feels absolutely amazing. I mean, just wild. H Okay. So, what was the journey like? How what did you guys do? What were things that you said no to? What were things that maybe you added on? I mean, you were pretty intense. Like, you guys really really were focused on this.

Yeah, we were attacking it pretty heavily. But I would say that one of the first things that we did was just come in more prepared. Uh so when we actually came into the like house buying process, we were like, "Okay, how much can we put down?" And we ended up putting down 115K. And again, your principles here at Ramsay helped us do that. just to be able to get that within that 25% Yeah.

uh uh mortgage payment that we were looking to try to to have. And so so if but if you if you walked in that's I I want I want to double click on that amount of that discipline that y'all had as a couple. If you walked in with 115 grand, you qualified for a house twice as much as 350 grand.

Yeah. On your income. they would have given you the world and y'all said, "No, we think we can find joy and have a great life in this house

that we can own outright in five years." Yeah. And it was during the times when the interest rates were super low, too. So, that was kind of advice that we were going back and forth.

Oh, yeah. Also, it was really stupid that y'all paid that off, right? So dumb. Dummies, dummies, right? Nobody pays it off with a low interest rate.

Yeah. Oh my gosh. Okay. So, for you guys as a married couple, what does that look like? You know, we're talking about the money and marriage event this weekend. How did you work together as a team? Who's like more of the free spirit? Who's more I'm assuming you're probably more of the nerd, Kyle. Is that true?

I I am definitely more of the nerd. I felt it. I felt it. I felt that energy. I have my my every dollar budget. We have our spreadsheet that we were looking at um on a regular basis. And that gave me a lot of, I would say, momentum and gave us momentum just to be able to see, you know, if you change that number on that spreadsheet, how quickly could we get out get out of debt going from we had a 15-year mortgage and start playing with those numbers and you're able to see, okay, we could get out in 10 years. What could happen if we up it another $500, another thousand, hey, we could get done in five years and

and the interest you don't pay when you do that. That was the big piece for me.

I was gonna say that's what's motivating. Same with me, girl. That's the motivation of my

10 years of interest y'all get to keep and spend on whatever you want. I was actually looking at I was actually looking at your values uh here at Ramsey just the other day and it talks about relentless focus over time multiplied by God equals unstoppable momentum. And I really do think that's been our story

is just looking and saying, "God, we're praying for abundance here." And just seeing, you know, those extra paychecks come in or those little bonuses come in and be able to say, "Hey, we're throwing an extra two grand, three grand at this." and really just having that belief that it's possible at the end of the day. So, I think that's been our biggest move.

All right. So, Sarah, I'm getting some along for the ride energy from you. How did you hang on for 4 and 1/2 years?

No, no vacations, no new cars. I would say we were not necessarily gazelle intense, which you shouldn't be. So, that's good towards the house.

Good. Good. Good. So, you all live some life, too. We backed off. Kyle would have been.

Yeah, he would have been. But he needs you. He needs you to balance a good balance. Excellent.

So, we built in incentives along the way. Um, we were able to do some renovations to the house. Um, we had our daughter that took some fertility um treatment monies. Um, so there were definitely some celebrations along the way, especially when we hit those big um milestones. Do y'all do y'all have a a a a technique or a trick that or a hack or whatever you want to call it that y'all used when Kyle you got that extra check and you were like we could get the principal down to this and you were like yeah but I want a human in the house like I want I want a child. How did y'all come to some sort of consensus?

We definitely used the principles of just putting some in different places. um a large majority towards the house of course, but then we have um like syncing funds that are set up for the things that are really important to our family. So, we know in order which ones we want to fund first

with any extra. That's great. I do have to say though that there was definitely those moments where I had, you know, we had a big chunk of money ready to go towards the house and life happens and all of a sudden you're like, "Hey, we got an extra three grand to put towards the house." But then the car breaks down and it just so happens to cost exactly

three grand. Of course. But I I guess when we've looked at that, it's always been God providing uh through that to say, "Hey, you know what? You thought this money was going this way, but it needs to go this way." That's a good perspective cuz I always feel like when those things happen, like somehow the cosmos stole from me, right? Like it was supposed it's supposed to be this number, now it's not. And I feel like I got ripped off somehow or whatever. instead of looking at it like you did on the other side. Thank God.

It still hurt. It still hurt. Yeah. That's amazing. Do you guys Did you have people in your life that you were telling or did you guys keep it kind of on the down low that you were like we're going to just kind of do this between us or did you have people cheering you on?

Yeah. Yeah. Uh I would say that we were definitely cheering each other around because we just kept having that that vision of what would life be like when this payment was gone and what could we do with that money? But again, just letting our our parents and our families know, hey, this is what we're doing. We're chasing it down.

Did they think you were crazy or were they encouraging? Encouraging. They were good.

Yeah, my dad was definitely cheering me on and every so often would call and be like, "Hey, what what's the mortgage down to?" To share what that was.

What a great day. Yeah, it was just really powerful just to to have people in our corner cheering us on.

Absolutely incredible, you guys. Well, you did kind of the impossible. I mean, today to say that you can pay off your house is most people most people would say no, that's not possible. It's not possible to buy a house. It's not possible to do any of this. And you're living proof that you can and in your 30s, 33 and 37. How long you guys have been married?

Coming up on six years here in April. Okay. Okay. And y'all have done this hard thing together. Y'all got been through fertility treatments. You've paid off a house together. You can look ahead of you and come what may, y'all know we've been through worse. We can handle this.

Yeah. Yeah. That's really good. That's so awesome. Amazing. You guys, well, y'all are incredible. Okay. Is is the baby here?

She's here. She's here. Okay. Are you going to bring her up for the debtree scream or you going to hold off?

We're going to hold off. We just are nervous if we raise our voices. She You know what? That's fair. We've had many tears, not happy kids. And we definitely stay from that. You know what? That's probably wrong.

Really happy parents and terrified young kids. Terrified kids. Okay. Well, real quick, what's the one piece of advice you would tell someone who's maybe working out of baby step two and they're thinking, "Okay, the house is next." What would you tell them?

I I'll go ahead and go first and I'll let Sarah share. But I really do think it comes down to belief. Um, when I paid off my student loans, 45K in in a year, paid off my car in a year, those are track records that I had that I knew it was possible. Yeah.

I just always come back to the quote, uh, Henry Ford, whether or not you think you can or you can't, you're right.

Yes. And we just knew that we could. I love it. So, yeah, I just think the belief part is so key.

So big. Yeah. Yeah. And I just think having a unified mission definitely that's our big thing in marriage is being unified. Um, but with this too, like it might have been Kyle's big dream to to come here and do all of this. Um, but then I I latched on to that too because we need to be unified in all of our our visions. And then just consistency and being able to track what we're doing and and staying on top of it that way.

We have weekly weekly kind of marriage meetings and finance meetings and so it's good to stay on track.

Dude, y'all should teach the money marriage retreat this weekend. I know y'all can see you guys.

So good. All right, you guys. Uh well, we have Kyle and Sarah from Akran, Ohio, making or paid off $150,000, which was their house, making 120 to1 145. They did it in four years. All right, you guys count it down. Let's hear your big deathree scream.

3 2 1, we're debtree. Well, Dave, you know, on the show all the time, we get calls about cars, used cars. What's one thing you want folks to know?

Well, really a couple things. Number one is always buy used unless you got a million dollars. We don't buy new cars. And if you're going to buy used, number two, you want it to last. And that means regular, proper maintenance.

Yeah, that's a big deal. I know when Sam and I moved from South Florida up to Tennessee, that's the first thing you're looking for. You need somebody who can take care of your car. So, when we found Christian Brothers Automotive, it was a no-brainer, and they've been absolutely great.

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Yeah, that's cbacc.com/ramseyc store for details. We wish we could get to every call that calls in because usually some people leave voicemails and we can try to call them back and get them on the show and then sometimes we can't. So if you have a money question and you want an answer to your specific situation, head to our website and use Ask Ramsay. So this is our new free AI tool that was built and trained on money proven principles. So we have taken the money principles here at Ramsey and gone through it all and said okay here is how we would answer this question. And so it really is amazing. You can ask your question today at ramseyolutions.com or if you are watching on YouTube or listening on podcast you can click the link in the description. All right let's head to Houston and we have Chris on the line

town. What's up Chris? Hi Chris. Hello. Hello. Thank you for taking the call. Absolutely. How can we help today? Well, I have a dilemma or trilma. I don't know how to call it, but um I'm big car enthusiast and and I really want to send a fun sedan. We have two SUVs, fully functional. We don't need another car, but I want to. And I just want to hear your opinion if if it's the time to buy something like that or or I should still wait or not buy at all. I don't know what would be the answer from your side.

Well, number one, I just want to shout you out, dude. The fact that you called and said, "I don't need this. I want it." Already like put you in a different category of person that usually calls us. Usually people are calling us and trying to explain why they need this thing so bad.

So, shout out to you for just keeping it keeping it real, dude. That's awesome.

Okay, so Chris, what's your uh financial situation? Do you have consumer debt? No, we only have a mortgage $200,000.

200,000. How much do you guys make a year? about 17080 depends on the bonuses and stuff like that.

178. Is that what you said? 170 or 180k per year. 180k. Okay. And um what do you have saved? How much money do you have that you would spend on this car?

Well, uh I checked the the net or the asset every quarter and in January we were close to 800,000 for everything like uh retirement accounts.

Oh, retirement. Okay. savings uh the equity in the house. So everything total came to about a little bit less than 800. Uh we have 45 in cash and another 17 um this what it's called like investment account that is taxable account.

Okay. Is the 45 in cash is that all you have? Does that include an emergency fund too? Is that what you would use in case of an emergency or do you have another fund for that? Well, uh the the taxable account is also accessible um as emergency or something like that. But yeah, that's the cash. It's money market uh 44,000. It's all emergency and and kind of flash funds. So I I don't break them by $1,000 or 3 to 6 months. It's just based there. We're not touching the account.

How much from the lifestyle that you guys live? How much do you spend a month on your life including mortgage and everything? How much do you think it is?

Food, bills, all very well. Uh it's about $67,000 a month. Okay. And do you guys do you all have kids?

Three. Yes. Three. Three. Okay. Okay. Perfect. Well, so you have that 45 and that 17. So I would I would probably want a six month.

Not 17. 70. Oh, 70. Oh, I'm so sorry. Okay. So, 110 and 20 depends on the day. Okay. I got you. I got you. Okay.

All right. So, um and you guys are consistently investing in retirement over 800,000 you said with equity in the home and retirement and everything else.

Yes. Yeah. We put about 20% in retirement. Okay. What kind Okay. How much do you want to spend on the car?

Well, it's it's about 30 $35,000. Okay. What kind of car is that? used one uh BMW F550i sedan. We have two SUVs and I'm growing the desire for a fast sedan

for a Yeah. What does your What does your wife think? Well, she's not saying no. But then I have this guilt inside of me. I keep everybody on the budget and now I need to splurge for myself. So, uh that's that's another kind of um factor in the decision making. Uh I I feel very bad that I keep being on a budget all of us and now suddenly I'll splurge on something that I don't

we call it a midlife crisis but we all have them so that's okay. Probably here's what I would like the money side of it. Here's what I would like to to you to consider on the relationship side of it. What if you took your wife How old are your kids by the way?

Uh almost eight, six and four. Okay. So, what if you took your wife out and y'all spent a half day together that you you planned and y'all dreamed about, hey, we almost have a million dollars net worth. We have three amazing kids. Our marriage is good. Like, what do we want our house to look like? What are are some dreams that we have? and give her an opportunity to put some things on the table that she might want, might dream about, things that she would love to see and experience. And then y'all come up with some ways to fund the everybody's vision. You get what I'm saying?

I do. And we kind of have a quarterly business dates where we we talk about that. We go to a nice restaurant and kind of I give a report.

Oh, good. What changed? Here we are. Where are we doing? What we going to do next? What's your take? What should we focus and focus?

So, Chris, is there anything? No. But that's a business report. I want you to do a dreaming report.

Uhhuh. Okay. Yeah. Is there anything in the future that you guys are you wanting to upgrade the house? Any renovations? Anyones trip? Yeah. Is there is there anything looming at all that this money

could be used for? Or are you guys kind of in a holding pattern right now? You're like, we're kind of good. We're just invested in retirement and kids college. The kids are little and we're just stacking cash because we we have margin. I mean, nothing nothing depends on those money. Like, we bought we go to Europe every year. I'm from from southeastern Europe, so we spend like $6,000 on tickets and and we can afford it without going to savings.

You can just cash flow it. Sure. So, yeah, this doesn't depend on that kind of So, we we have the plan for that. We've done it already.

Okay. Well, yeah. I mean, if I'm you, I'm looking at these numbers and I'm thinking, okay, that's 70,000 that's in that one account. 35 of it is emergency fund. 35 would be car. So I'm basically that that account to me is non-existent anymore because I'm not even going to think about the emergency fund. I'm not calculating that. It's just going to be over here in case of an emergency. Which means we have 45,000 in the other account if something comes up um that again we're not going to touch the emergency fund for. But if you needed, you know, a big purchase, that's that's how I would

that's where I would go would be that $45,000 fund. So, so I'm I mean I think so. There's nothing there's no big red flag right now for me.

No, I mean I think you guys are doing great. I think as long as you're consistently investing, you're living below your means, you have the cash for it, um with, you know, an extra $75,000 cushion including the emergency fund after the purchase of this car. I would be okay with it. The only and and financially of course I

your wife I yeah I I want you and again I my bias is people only call me when things aren't going well in their marriages. Right? So I don't want to put I don't want to put my bias on you. Okay?

But I do want you to ask yourself the question and it it might be you taking yourself out for a half day and doing some journaling, some writing out, some dreaming on your own. But do you want to get this car cuz you love like you said you love you're a car enthusiast. You got a gang of guys you want to drive around with. You just want to go cruising in Houston. That's where I grew up. There's I mean there's hundreds of miles of highways to drive. If like is that what I want to do or

do I have an 8-year-old, a six-year-old, a four-year-old? I've got a routine and I'm just finding myself getting bored.

More more the motivation of the purchase because you're going to if that's the case, you're going to spend 35,000 bucks. you're going to be bored on this one and then you're immediately going to start looking for the next one and then the next one, right?

And so I I would rather you deal with the am I create have I am I co-creating a life with my wife where there's excitement and aliveness and eroticism and fun and responsibility? Are we doing that stuff together

or am I trying to escape? Or am I trying to escape? And this becomes a really, really expensive, you know, like uh social media app. Just a way to numb out the fact that I kind of starting to feel kind of bored.

I see. You get what I'm saying? Very good advice. Very well. Yes. Yeah. Yeah. So, from the financial side, Chris, I think you guys have enough margin. I think you're fine. If $35 left today, I think you $35,000 left today. I think you I think you guys would be fine. I really do. But John's insight is probably what I would put some of the focus on. So even saying no to this purchase might be a better decision for you, just for you. Um, but if you're comfortable with the answers that you get when you when you ask yourself those questions then

get that car and cruise the streets, baby. Green light. Welcome back to the Ramsay Show in the Fair Winds Credit Union studio. I am Rachel Cruz hosting this hour with Dr. John Deloney and you can give us a call at88255225. Okay, we're heading to Cleveland, Ohio to talk to Elizabeth. Hi Elizabeth. Hello. Thank you for taking my call.

You're so welcome. How can we help today? Well, I'm looking for guidance on how to wisely handle my elderly mother's finances without enabling a lifetime pattern of debt.

Oo, this is a tough one. So, what's the current situation? Yeah. Yeah. My mother is 83. She's single and lives alone in a rural community in another state. Her only income is social security of about $1,400 a month. And she has no savings.

For decades, she cycled between being rescued financially and accumulating $40,000 in debt. And it seems as though that she has a spending addiction and she makes desperate financial decisions and never followed a budget. So, right now she owns her home outright with low property taxes, less than $1,000 a year, and the house is set up for aging in place. Our hope is that she can live there and live out her years there. Um, it's far cheaper than renting, and she also has an older reliable car. So, the situation now is she's currently in debt of $40,000. Again, it's 32,000 in a heliloc and 8,000 in credit card debt.

Then she took out various life insurance policies to cover her debt because those television ads during the day geared towards her demographic predatory. Yep.

Pardon? They're predatory. Yeah. They pray on It's awful. Exactly. people in her situation lonely, by themselves, isolated, and they scare them to death, and then they sell them a solution to their fear.

Right? So, now she's paying $40,000 or now she's got um $40,000 in debt, paying interest, making minimum payments, and paying for those life insurance policies.

Okay, hold on. Hold on. I want to I want to cut to like the reality. Yes. Has she come to you and said, "I have a problem. Will you help?

Yes. Okay. Awesome. So, two So, two weeks ago, she came to me and asked if I could give her $500 to help with some expenses, and I said no.

Okay. She then made arrangements to make some late payments to creditors, and we took um we think that she's going to be in dire straits in about a month. So, my husband and I have an idea that we're considering paying off her debt, taking control of her social security income. uh putting her on a strict budget, trimming her expenses, getting as much assistance as possible, paying her bills directly, and giving her a small weekly allowance, but currently her expenses are more than her social security. So, she might not get an allowance. We would like to inherit the house. that's in a lake community, but the big concern is pre um how do we prevent her from opening new credit, doing a reverse mortgage, or creating another mess instead of her living within her means with food and shelter? So, our question is, is paying off my mother's debt and taking over her finances wise, or is there a better way to address the issue?

I mean, if if she would agree to that and also agree to signing over um financial control to you guys, make you like financial power of attorney

and also freeze her credit. Say freezing her credit so she can't take out any loans and no one can take out loans against like you know you know what I mean if if she agre and you had the code right you had to log in to unfreeze her credit.

I mean that sounds like a good solution. I I don't think it's a good solution to um I don't like the word allowance because I think she's going to bulk at that.

Okay. And because because then she's going to feel like suddenly she's your she's your middle school child.

And that's a hard psychological shift for somebody. But if you and also we we want her to have a good quality of life, right? Like I want her to have some money to go do some stuff and whatever. But there is like you said there's a financial reality. So if she agreed to all that, I could see that being a great solution.

Yeah. I mean, I may be Debbie Downer in it in the sense that like when you know, an 83year-old, I don't know how much change is going to occur in her to figure out.

Yeah. There will be no Yeah, that's a great There'll be no like psychological awakening here.

Agree. There's no learning. So, it's more just keeping honestly, it's more just keeping peace with her in her latter part of her life, right? um keeping the lights on and helping her stay afloat. I mean, it's is basically what you guys are doing. You're helping her survive.

Yes. Yeah. But I'll also say if I I think this again, this is my personal take that the main driver underneath a lot of this pathology and aging populations is loneliness. And so if there was some sort of you have to get involved, you have to do some things with the local community groups, you have to do some stuff because that has a way of

Yeah. that that will keep her alive longer. That will give her more reason to wake up every day and and all you get what I'm saying?

Yeah, absolutely. Do you have siblings, Elizabeth? No, I'm an only child. Okay. Okay. and in the sandwich generation of taking care of our own family and

Yeah. Yes. And are you guys in a financial spot to do this? Um yeah, I think so for for that amount, you know, if as a gift, if we were to cover roughly 40,000, we wouldn't want to do it again.

Totally. But you guys have the cash. Like you wouldn't be putting yourselves in a bad position in order to do that.

Well, we No. Um, my husband recently retired, so he's got access to um, retirement money. And how much net worth of

We have a net worth of 2 million. Okay. Okay. And what's he say? What does your husband say about all of it?

Um, he would like to help out. A, sweet. That's cool. Is there a possibility, and there's going to be tax implications in this, so sitting down with a good tax pro or tax attorney would be helpful here. Um, is there a possibility that y'all buy the house

and put it in your name? That way, nobody else can take a lean out on it. Nobody, she can't take out another heliloc somehow or or you know what I'm saying?

We considered that. We also have a a daughter in high school and we're about to start funding college

and we don't want to have more assets. Not until Yeah. Until that's turned over. Yeah, that makes sense. So, yes. I mean, if she is if she's willing to do all of that, Elizabeth, I think that that's I at this point I think that's smart. I mean, I think you know, you taking over and her I mean, her because it's her literally reaching out to you and saying, "I can't do this anymore because I obviously cannot be trusted."

Yeah. To make smart decisions and I need someone to step in and she's 83. How's her health?

Yeah. Is her health um is she in good health? Um she she's okay. She has diabetes, so that's chronic, but other than that, and it's controlled. Okay.

Um, I'm guessing she'll be with us for at least 10 plus years. Okay. Yeah. And who knows? I I I if she agrees to all of your things, which I would I would just given my experience, put that as a big maybe.

Yeah. If she does, you have to steal yourself for she will say mean things to you. She'll call you crying. She'll be upset with you. Very similar to how a teenager would be with some pretty significant boundaries. And you and your husband are going to have to know part of this is not just going to be holding the line financially, but we're going to have to have the emotional fortitude to deal with a mom that suddenly turns on us even though we're trying to help. Cuz I think that will come with this territory here.

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 Ramsey. 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 ramseyolutions.com and try Ask Ramsey today. That's ramseyolutions.com.

If you're working the baby steps, the best and fastest way to do it is by using Every Dollar. And this is more than just our budgeting app. It is now the plan that is built right in. So you can track your progress. You can get personalized recommendations and coaching for your situation that will help you free up more money and work the plan even faster. So, it's like having us walk with you every single day through your money journey. So, start every dollar for free by downloading it in the App Store or Google Play. All right, let's go to Alex in Idaho. Hi, Alex.

Alex, are you there? Yeah. Hey, can you hear me? Yeah. Welcome to the show. Good. Good. Uh, so my question is, I know Dave teaches to put 15% of your income into retirement. Is there ever an appropriate time to stop making those contributions before retirement?

Um, possibly. I mean, investing is is really part of the whole financial picture that you're looking at for your future and different, you know, generations beyond. How much do you have right now in retirement?

I have 850,000 in my retirement. I'm 50 years old. I plan to work for at least the next 10 years. I th this last year my I put in 20 I did $20,000 in contributions um and my 401k grew by 100,000.

Mhm. And so I just when I put my figures into an investment calculator, it says in the next 10 years with no additional contributions, I'll be at $2.3 million. And with $20,000 in contributions in 10 years, I'd be at $2.6 million. So would it be I mean it's a $300,000 difference, but should I start taking more elaborate vacations now rather than wait?

How much do you make higher? My wife and my combined income is about 215,000. 215. Okay. Yeah. And so, yeah, you put 20,000 in as your 15%.

Yeah. Well, and that's just that's just my side of it. She's she's got a pinchion plan she puts into

that she's going to be okay. Well, for me, I think there is it's more than just the numbers to me. Part of it is the numbers and then part of it too is looking at your whole financial picture and is it balanced? Meaning, we always want to be giving. We always want to be saving. And we want to be spending and enjoy. So, my question to you, is that $20,000 that big of a swing for you guys lifestyle-wise?

Well, I'm I'm not sure. Um, it's uh I mean, I feel like we've got a pretty good lifestyle right now. We go on vacation and we have fun and and things, but um again, yeah, $20,000 we could do a lot more fun stuff.

Sure. Well, and I guess I would ask you to expand your time horizon because you're talking about compound growth over a decade, but imagine yourself at 80 if you live for what, three more decades. that gap is going to be significantly bigger.

Do you get what I'm saying? I do. Yeah. And so it again I don't have a calculator in front of me, but you you you say like if I if I go out 10 years, one is 2.3 and one is 2.6. Um if you go out another 10 years, is it going to be 2.6 or is it going to be four and then it's going to be 6 million? Right? it it begins to compound pretty significantly the longer you go out,

right? And so, and I'm kind of with Rachel, I don't get the depth of your question because if you're making 250k a year, y'all are bringing home a chunk of change. And so, $1,800 a month into retirement doesn't seem like that will impact your monthly anything at all.

Is your house paid off, Alex? It is. It is. Okay. Good for you guys. I mean, listen, you're you're an adult. I think you guys can run the numbers and decide for yourself which one. I just part of the baby steps and what continues on. Like Winston and I, we have we have enough. We're fine. If we stopped, well, we're not stopping. It is still this continual pattern for us because there is something about the giving, the saving, the spending, all of it that creates something in all of us. It does something for us. And um yeah, I don't know. I I and it's 800,000 which I get in seven years it doubles. You know, I'm I know all of that, but there is something about just having some cushion there. And I'm not a big scarcity mentality person, but again, it's not like you have 8 million and we're like, "Oh, yeah, you're fine." There's I don't know. There's still life to be lived.

And you guys, I just don't want you to ever touch that principle to be able to live off the interest. And so, for me, I would continue investing, but you guys you guys can decide. All right, let's go to Darien in Colorado Springs. Hi, welcome to the show.

Hello. How you doing? Hi. We're doing great. How can we help? Um, so we have uh two houses. One I purchased in 2020, one we purchased in 2023 when we got married. Um, we've been renting out the townhouse that we purchased in 23. Um, and it's we bought it and it was on the very like high end of our budget and we, you know, used rental income come to qualify. Um, but we are now trying to sell it. And when we did have it rented out, we rented it for 2,000 and um, with the HOA and everything, we were losing like 850 a month.

Oh my gosh. Well, that's not a good that's not a good investment. No, it was not. Um, so now we're trying to sell it and we bought it for 350. We still owe 322. Um and comps in the area show we should be able to sell it, you know, around 325, which is not great because after fees and like title fees and everything in realtors, um our realtor said that we'd probably end up bringing like 30,000 to the table to sell this house, which is wild.

Oh. Um we looked at like a cash offer for it and it's um what 2.85. So we'd be 40 under 40,000 under that way. Um, so I have it listed again um trying to rent it, but um it doesn't have air conditioning and um you know

why doesn't it have air conditioning? Good question. Every other house in this townhouse complex has air conditioning except for ours. So

cuz you're Colorado Springs, I guess. And it's just Yes. Yeah. But it's been hot there the last few summers.

It has. So, I'm not sure how we uh got got away with this or purchased it with it. Um you know, without it. Definitely oversight. But we were newly married and excited to buy a house. So, we did and we went overboard. So,

So, what's your question? We've we've also looked at I guess uh um you know, doing like a going into foreclosure, doing a lean in foreclosure.

No, no, no, no, no, no, no. Don't do that. Yeah. No. Yeah. So, this is trash whole financial picture. Yeah. No, I wouldn't I mean, I hate to say it, but

it's almost like getting a $30,000 loan and calling it stupid tax, which is a lot, but you know, when you make I mean, my my hope would be that you could s that you could sell it. Are you guys I guess you have the two mortgages. How much is the the mortgage?

The mortgage on that one is 2600. And are y'all able to cash flow that right now with your current income? not well because we also have that second mortgage and we have um somebody living in our current house so they're paying a little bit but we're also kind of trying to bless them so we're not charging them what we should be for this

Wait do you have two Wait do you have a renter in the property right now? Um no in our other house that we are currently living in in our primary the one that I bought in 2020.

You have a renter in that with you guys? We have Yeah, we have friends that are living with us that are um renting. Okay.

That's a messy, complex situation, brother. Could you sell that your current residence and go back and move into your town home for a season

with no air conditioning? We I mean, we could. Um, we were paying a little less at the the fourbedroom, which is wild. Um, so the townhouse has 1,400 ft². The uh the other one has like 2,200 ft. So, it is quite a bit bigger.

I I get that renovations on it and stuff. I guess hear me say at some point you're going to have to make some sacrifices.

Yeah. I mean I I'd put on the market and I would try and I would sell it and then if you guys have a $30,000 crap mistake, you know, loan out there that you're like, that is just that was our stupid tax. That's better than sitting there and paying $2,600 every single month for the foreseeable future, right? So, um, yep. I mean, I would sell it ASAP ASAP. I would not go down the foreclosure route.

If you've been working the plan, paying off debt, saving, and changing your family tree, I'm proud of you. And if you're in Baby Step 4 or beyond, it's time to celebrate. The Live Like No One Else Cruise is back March 14 through 21, 2027. Join the Ramsay personalities and me as we sail to Half Moon Key, Cosml, Jamaica, and Grand Cayman on the ultimate debt-free vacation. Cabins will sell out just like last time. Lock in yours with a $600 deposit at ramseysolutions.com/events.

over on the debtree stage. We have Brandon and Taran from Fresno, California. Welcome you guys.

Thank you so much. Absolutely. Well, congratulations for being debtree. How much debt did you guys pay off?

Uh $291,000. Oh my gosh. And what was what did that consist of? Our house. Yes. Another

another house payoff. Oh my gosh. Okay. How long did it take you? Uh about four years and three months.

Four years. And making what kind of income during that time? From 100 to 200. Wa. What was the jump?

Uh side jobs got busier. Sounds like it. I mean 100 grand in side jobs. Not bad. What do you guys do?

Doggy daycare. Yeah, that was one of the side Yeah. So Okay. Okay. So, yeah, tell us what do you guys do for a living and then what were some of the side?

I'm in I'm in medical appeals. Okay. So, she works from home. I do apartment maintenance.

Yeah. And then for side work, I carry on with that. So, if someone has like a dishwasher that needs work or plumbing, electrical whatever.

I just go there, do stuff, and then they tell other people, and they just keep talking and telling other people.

Awesome. Yes. The references are real, right? When people talk about it, the references are real. That's like a t-shirt.

I think so. Absolutely. Like when they were like, "Listen, Brandon's the best." And everyone's like, "Well, let me let me use Brandon."

You do medical appeals like on behalf of patients. Yeah. I I don't make the decisions. I just build cases. So,

can On behalf of humanity, can I say thank you for fighting the good fight? A lot. You see a lot of stuff. That's for sure.

I bet. Okay. So, what happened four years ago that you guys thought we want to pay off almost $300,000 and pay off our house? Well, it started in 2019 when we were gifted the FPU class.

Yeah. And uh so we paid off all of our consumer debt. It was 47K. Then it was the credit card for the wedding. It was student loans and it was her car. So after that, then we had the funds to go towards saving for a emergency fund, saving for a house, and which we only put nine nine grand down, but we knew that the ability that we had was so much greater. So we just started smacking the house.

Oh my gosh. That's amazing, you guys. Okay, so what was that journey like for four years,

your focus on it? It was fun. It was honestly a lot of fun. We learned a lot about ourselves and we got it as a wedding gift actually, FPU. And we kind of

honestly at first we kind of rolled our eyes. We're like, "Yeah, we already kind of know about money a little bit or whatever." And so we're like, "Well, she got it for us. Let's go to the class." And we left and we're like, "I don't know crap." And it just it changed our lives and we learned a lot about ourselves and each other and

it it definitely changed our lives for the best and it made our marriage even stronger.

Was that year one of marriage in 2019 when you guys Okay. So, oh man, you guys, that's amazing. Starting off your marriage, changing the way you view money,

pay off all the consumer debt, you do the emergency fund, all of it, and then you look up, you're like, "All right, now it's time to tackle the house." And you did it in four years. So, you guys seem very organized. Did you map out and see, okay, how long is it going to take us? And did you do it faster than what you originally thought?

Oh, yeah. Yeah. He's the nerd. He had the spreadsheet and I was like, so we use every dollar.

Um, but I also did Excel and I would do all kinds of formulas showing like what we originally had for interest, PMI, all of that. It was like 800 and something a month that we were just losing on the house. I'm like, "All right, well, every month when I plug in what the current balance is, it shows lower amounts." And so I'm like, "Oh, like we're saving this much from when we started." And the number just got smaller and smaller each month. And then we're like, "Let's just keep going. Just knock it out, then we'll move on from there."

Yes. Oh my gosh, you guys. Okay, that's a lot of side hustles. That means for the last four years, you've been busy.

So I only did the the after hours um work for people. She also did Rover and then a ton of people word of mouth as well.

Yeah. Yeah. The dog sitting is what you were saying, right? So, you're like fighting insurance companies and petting dogs.

Yeah, pretty much. You're like a You married a saint, homie. That's awesome. I did. I did.

Was it And was it a pretty good side hustle? We do hear people doing this and I feel like it's like it pays well.

It started off as obviously just paying off debt and we paid off our debt and I'm like, I'm not going to stop. I'm not going to stop doing this. It's just second nature to me at this point. And so, She was $600 for over.

Yeah. And it just went up up up. Kept going crazy. Man, you guys are awesome. Well done. Did you guys have people that were cheering you on or or on the other end making fun of you, what you guys are doing with all your working extra and everything? Were people like, "Y'all are crazy."

Kind of both. Kind of both. I think the amount of dogs we would have during holidays, they're like, "Y'all are psycho." It's like, "Yeah, we kind of are, but it's worth it." But our families were super supportive. We had friends that were super supportive. like they'd bring it up in conversations like, "Okay, so where are you?" And it's like, "Oh god, I don't even know. I need to bring up the spreadsheet." So, we had an awesome awesome uh support group.

Okay. Sometimes people do their debtree scream and they actually hit the last payment a few months ago.

Have y'all had it where you both got your direct deposits in your accounts and you have no house payment?

Yeah. Yeah. Tell everybody what that feels like. Um, well, you had the problem of debt before, but your new problem is now you have to think, what do I do with this money

or like what savings are we going to put in? Thing for most people listening to this, like I have all this money. What do I do with it? Right.

Yeah. Yeah. Oh man. What are your next goals? Have you guys kind of dreamed about the future and been like, here's what we

Yeah. Well, uh, so we're we're in California now and now that we have a paid off house, we're saving. We actually want to move to Tennessee. So maybe like Crossville to Knoxville area.

Come on, dude. That's a beautiful part of the country. And with my background, we want to build a big barno on some land. So

So fun at the speed of cash. That's a that's a fun dream though. Good for you guys.

What's this house worth that you paid off? Uh right now like 420. Awesome. Yeah.

So great, you guys. So if there's someone listening and they think there is no way I could pay off my house. I got a 30-year mortgage. It'll be in 30 years. It just is what it is. What would you tell them the secret to paying off your houses?

Uh, if you're married, be a team and that will get you through and trust God. There were so many times that like we're both very just like keep your head down and work and work work and then you just kind of look up and we're like, I don't understand where all this money came from, but God was good the entire time and he carried us through and we wouldn't have made it through without him. So, be a team and trust God.

Yeah. And be faithful and keep tithing. God God has his rules and he doesn't stop. Don't stop believing in him.

Yes. continue it on. Oh, I love it, you guys. Okay, are y'all going to chill on the side hustles a little bit now that you have a paid off house?

I mean, we don't know what that means for just like he's going to buy some property in Crossfield dude.

I mean, we just went to Costa Rica. We got back two weeks ago. We have a little tan. So, you guys Yeah, we'll slow down a little. She's got a baby going working on the way. So,

congratulations, first one. Okay. Oh, you guys, what a beautiful. You're going to bring this kid into the world

with no financial stress. That's amazing. That's the goal. I told him I think the biggest gift is that we're bringing her home to a paid off house. And that's like crazy.

Gets emotional just thinking about it. I I'll I'll go one deeper. You're bringing her to a house where two parents love each other and trust each other and have accomplished hard things together.

Yeah. And the greatest gift we can give our kids is to love our spouse well. And like a byproduct of that is y'all paid off your house. Mhm.

But dude, this kid won the lottery. And not not because of the money y'all make, but because they've got two hardworking parents that love each other and know how to do hard stuff. That's That's incredible.

It's wild. It's so wild. It's so cool, man. So beautiful. Is it different than how you guys grew up?

Yeah. Yeah. Yeah. Very. It was growing up for me, I would say it was there were financial problems. I I didn't know about them as a kid, but

I felt it like you felt the tension and they to say, you know, don't worry about it. But then like growing up and now kind of helping my parents in those ways, I'm like,

"Oh man." So it's it's crazy. And that's the beautiful part of the the changing your family tree aspect of this, right? Which I feel like is

such a bigger why in all of this money stuff that we talk about. You know, yes, we want peace in the present and not having all these payments gives you that.

Yeah. But then there's something even greater of what you continue on in your family. So you guys, congratulations.

Absolutely. Absolutely incredible. Right. Let's let it rip. Oh, we got Brandon and Taran from Fresno, California. They paid off $291,000, which was the house in four years, making a h1 to200 grand a year. All right.

And mostly side hustles. So awesome. And lots of dogs. Lots lots of animals. Lots of dogs.

All right, you guys count it down. Let's hear a big debtree scream. 3 2 1. So great. That's amazing. The h the house payoff stuff like that is that's just wild. Wild.

Anytime somebody a young couple like this in a place like California goes through hell for 4 years to pay off their house, they're like that kid in math class in middle school when you're like, "Nobody can get an A on this." And that kid's like, "I'm going to study so hard I'll get an A."

They show everybody that yes, you can. Amazing. Congratulations. You guys are proud of you, Brandon and Taran from Fresno. Well done. Hey guys, what's up? It's Jade and I'm pumped for the new year and I hope you are too. But the problem is most people start the new year with a lot of promises and no real plan. You know how it is. I'm gonna save money or I'm gonna get my financial act together. But without a plan, you just wing it and hope it works out. Listen, don't play yourself. I want you to win. And our Every Dollar app is the game changer you need. In 15 minutes, Every Dollar helps you build a plan based on where you're at with money right now. And every day, the app coaches you with ways to find extra money so you can beat debt and build wealth faster. It's like having me in your pocket helping you stay on track all year long. So don't just wish your money works out. You can be the one to

actually make it happen this year. Download the Every Dollar Budget app and get started right now for free. Our scripture of the day comes from Psalms 145:16-1 17. You open your hands, you satisfy the desire of every living thing. The Lord is righteous in all his ways and kind in his works. Frank Zappa said, "Your mind is like a parachute. If it isn't open, it doesn't work."

Yes, that's good. Well done. Open the mind learn and jump out of a plane. And jump out with a parachute. Uh, all right. Let's go to Newark, New Jersey, and we have Elizabeth on the line. Hi, Elizabeth.

Hi. Hello. Hello. Welcome to the show. How can we help today? So, I guess I kind of have two questions for you guys. One question would be how do I get over anger and resentment towards my husband that has just kind of built up and now it's just coming to a head because he's had life changes.

Mhm. And then the second question is how do I express to him I'm scared he is going to put us in debt without him getting defensive? Oh, you're asking impossible questions.

That's a marriage therapist to take the lead. Okay. So, tell me why tell me why you're angry.

Well, I since since I've got pregnant um back in 2016, my husband and I only knew each other for about six months. We got pregnant and we both just decided, you know, we're going to do this thing. I became a stay-at-home mom. He was just kind of doing his own thing. He's a handyman, works construction. He was picking up jobs here and there, but he needed insurance. And I had a child and put the child on my insurance. So then once he found like a big boy job, like a corporate job, a good job, we went on his insurance and I completely like everything went from me to his responsibility. So, he got his together, so to speak. Um, and now he left that job and is kind of doing our side um his side hustle, which is technically our side hustle because I have no job still eight years later. Um, but I feel like he's going backwards because he finally has freedom again, if that makes sense. And the resentment is

just coming from him picking and choosing when he wanted to help me at home for a stay-at-home mom. For instance, like the house is like I' I've been burnt out, so the house isn't up to par. Like the laundry is not done, the dishes aren't done, like nothing is getting done in the house cuz I've I'm I'm tired. They said, "Is everything okay?" Instead of just helping and you know doing it, he's like, "What's going on?"

Yeah. I mean, if I'm fully honest with you, y'all y'all have deeper issues than I can handle and address on this call.

Okay. The the and and here's why. Um, y'all have found yourself self at a place in your marriage where it is you verse him and he is standing there with his hands out either a choosing to not help you in any way, shape, form or fashion or he doesn't know how to love you in a way that you can feel loved.

Yeah. And and I mean Yeah. Yeah. Yeah. I I know. But but hold on. But that gap between the two of you cuz here here's what I would tell you. If you have been very clear with him and and again what I'm telling you sucks. It's the worst because it sounds like I'm giving you another thing to do. I get that. But often I hear I sit with men all over the country who are like I'm trying to love well and I don't I everything I do is wrong and I don't know what to do next. And to to their like I don't credit them. This is a fault. but they just stopped doing anything.

And what I would challenge you to do is to give him a path. Here's what a way here's ways you can love me right now.

Okay? And that sounds ridiculous. I shouldn't have to tell him. He should just know you're all those things can be true, but the reality is where you find yourself right now is he doesn't.

Mhm. And if you're not doing everything you can on a day in and dayout basis to see each other, to know each other, to celebrate each other, then everything is a battlefield.

Yeah. And that's where we are. Okay. So, somebody has to, you've heard me say this on the show before, somebody has to turn the lights off. I mean, turn the lights on, turn the music off, this this dance y'all are doing, and somebody has to say, "We're married. We're not in a good place right now. I still want to be married to you, but we got to rebuild this marriage from the floor up. Are you in? And if he says yes, then you have to be willing to say, "Okay, here's what that would look like right now." And he has to say, "Here's what that would look like right now."

And you'll both have to get after it. And so, but you got to go you got to go see a professional at this point in your in your marriage because because the resentment is simmering. It's it's too hot.

Yeah. Elizabeth, I hope that helps. And again, I hate that we can't, you know, unfold and have a solution right now, but honestly, sitting down with someone, a third party, and it's going to be a lot of work for you guys, but it's possible.

All right, let's go to Toby in Chicago. Hi, Toby. Welcome to the show. Hello. How are we?

Hi. Doing great. How can we help? Uh, yes. I am getting ready to get a settlement for roughly three and a half million dollars for my employer at work.

Oh, and a half million. What happened? Uh well, my uh my boss uh pretty much threatened to uh whoop my butt and fire me. And then they uh retaliated against me and kept me from getting a promotional job by hiring people who weren't. You have to have you have to have a certain license to to have that job. And they kept hiring people that didn't have that qualification.

So you sued them in civil court and you won $2.5 million. Well, I went through the EEOC and then the EEOC gave me a declaration to sue and then I hired an attorney and we settled.

Okay. Where are you at financially right now, Toby? Do you have consumer debt? Uh what uh the only debt I have is my mortgage and that's 108,000.

108,000. All right. Yeah. Well, I know how to spend 108,000 of the 2.5. So, it gets you down to 2.4. Um Okay. Three 3.5 3.5 million

3.5 Oh my goodness. Okay. Well, when it comes to Yeah. I mean, a large chunk of money, whether it's inheritance, a settlement, anything like that, we always say to remember the three buckets of money, and this is really important because it can e you can easily do one or two of these, but all three are really crucial. And that's to give some, to save some, and to spend some. And honestly on the spend side, I would hold off any major purchase.

No major purchases, no cars, no jet skis, no nothing for like six or nine months.

Yeah, I would say for probably 6 months just for you guys to emotionally take all this in and just kind of know where you're at. If you can practice not significantly changing your lifestyle like in a crazy way, uh, you know, you can go on a great vacation and maybe, you know, upgrade the cars and all of it, but this is this is almost like lottery type money that people win. You know, they'll win like a, you know, a Powerball here or there, whatever it is, and they end up going broke, right? Or, you know, you talk to professional athletes and they get a signing bonus and then three years later they're broke because they they end up spending all of it. So Toby, the the biggest thing is going to be to be really disciplined and to have a detailed plan. And I would sit down with a smart vest pro and map out for you guys, hey, what could a future look like for us where we can enjoy some of this? Absolutely. But also, where can

we put this long term that can change us, our kids, our family tree completely? Because how how old are you guys? Um, I am 33 years old and my my girlfriend, um, she is 28.

All right, we got a girl in the picture. Both of us are both of us are pretty much debtree. Um,

okay. Is she the Is she the one? Yeah. Oh, yeah. Yeah, we'll be uh she uh she just finished We had an agreement that we were going to get married after she finished her college. Um, and she just finished her master's degree.

Okay. Right. So, your first $3,000 is buying a ring. Or if you're Rachel, your first $50,000 is buying a ring.

Not 50. I was going to say at least five, John, of the three point something. Well, and I already have I already have a ring bought, but I was that that was one of the first things I thought was getting something a little bit nicer.

I love that. Yes, Toby. Absolutely. And you know what? You guys need to sit down sit down and have some great premarital counseling because you guys are walking into wealth. I mean, in this whole

And it 100% will change your relationship. Yes. and you don't know how to handle it all right now because you haven't done it before. So remember, discipline practice. Get a team around you to walk with you, people that you trust deeply. Uh well, that's it for the show. Remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Questions about this episode

What is discussed in "There's Always Hope When Facing Financial Hardship | February 13, 2026"?

In order: 0:00 Casper, Every Dollar, Dave Ramsey, Dr. John Deloney; 15:00 Every Dollar, Guardian Litigation Group LLP, Live Like No One Else cruise; 30:00 Christian Healthcare Ministries, Dr. John Deloney, Fair Winds Credit Union, Rachel Cruz; 45:00 Every Dollar; 1:00:00 Every Dollar; 1:15:00 Dr. John Deloney, Fair Winds Credit Union, Rachel Cruz; 1:30:00 Every Dollar, Dave Ramsey; 1:45:00 Every Dollar, Live Like No One Else cruise.

What is mentioned in this The Ramsey Show episode?

9 people, works and ideas are mentioned, including Every Dollar, Fair Winds Credit Union, Dr. John Deloney, Rachel Cruz, Casper, Dave Ramsey. Each one on this page links to its own page with every episode that mentions it.

How long is "There's Always Hope When Facing Financial Hardship | February 13, 2026"?

The episode runs 2 h 7 min; the transcript is about 23,811 words in 495 timestamped sections.

More from The Ramsey Show

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 February 25, 2026.