Don’t Take Financial Advice From Broke People!

Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help you win and build wealth, do work that you love, and create amazing relationships. I'm George Campbell, joined by Dr. John Deloney, bestselling, author and host of The Dr. John Deloney Show, and we're taking your calls. It's totally free.

I'm doing good. How are you?

Doing great. I'm doing great. How can John and I help?

So, I was diagnosed with bipolar 1 about two years ago, and have been stable for about a year now. It looks like I'll remain stable for the foreseeable future, but I take my medications prescribed and see a psychiatrist, go to therapy every other week, and use my cognitive skills. When I had my manic episode, I spent about $30,000 in five months, so I transferred $24,000 of my money into my mother and her name for her to keep safe while I got stable. Now that I am stable, and probably will be for the future, I am wanting to transfer some of that money, or all of it, back into my name. I'm thinking about opening up a number of accounts into my name.

I'd say the first, I just want to applaud you. A year of staying on meds, that's like an impressive feat. I'm proud of you.

Thanks.

Good for you. How do you feel?

I feel really good. I've never been stable since I was 10 years old, so it's kind of...

And how old are you now?

How old am I now? I'm 21..

Wow. When's your last manic episode?

When I was 19, turning 20, so September 2022, ended in December 2022.

Okay. When was your last basement episode?

Ended in August 2023.

Okay. Okay. So, I mean, I would high five you if you were sitting right in front of me. I'm really proud of you. It's awesome.

It's awesome. Thank you.

So you painted me two different pictures here, okay? You painted me one picture where you are very, very wise. And that is saying, I know that I am, I'm going to make up a story here. I am five foot one, and I have dishes in the top shelves of the cabinets in my kitchen, so I have a stool in there. And in your case, that analogy would be, I've got bipolar one, I have a decade plus of ups and downs, radical ups and downs.

I think I can. I have been managing about $5,000..

Excellent.

On my own. And then, before I had my big manic episode, I have a total of like $60,000, some of what is in a brokerage account. And I managed that completely fine until I had my big manic episode.

Okay.

Some of it is my college expense savings, because I'm in college right now. And she transfers $700 of it a month over to me for me to use every month. Some of it is like sinking funds. Another part of it is my emergency fund. It's just bits of multiple different things.

So paint me a picture as to why you need it right now, or is it just you want it?

I don't need it right now. I just feel uncomfortable because it's in her name. My name is not even on the account. It's all in her name. And I feel uncomfortable with it.

You're breaking up with a Savannah, but.

Yeah. Here's the deal. I think that's a good next step. I think it's a good next step. George, just walking through, she had a manic episode, so she transferred, she blew a bunch of money, and she learned that when I'm not well, here's one of the things I do, and it makes me not safe.

Yeah, and I'll give you a modern tip here, Savannah. This might work for you. What if you open a high-yield savings account online and you don't have the password, your mom does? So your mom's on the account, but she knows the password, there's no debit card attached to it, and if you really need the money for a real reason, mom can sign in and transfer the money over to checking. I like that plan.

But the account is in her name.

But the account is in Savannah's name only, and that avoids some of the scary, weird situations we've seen on the show, where, hey, mom drained the account and is gone, who knows? Your mom sounds trustworthy, by the way, so I'm not saying that would happen.

I like that plan.

And then she only transfers as much as you need to cover your monthly expenses that month. And if there's a sinking fund expense, she transfers that amount. if it's a big insurance bill or something that comes up. I think that's the best case scenario. And then maybe you guys have a game plan of saying, hey, if I do really well over the next 12 months, here's what we're going to do next.

And there's no need, regardless of whether you're 5'1", whether you've got bipolar disorder, whether you have any number of physical or psychological challenges. I just wanted to bring you into the picture, into the conversation, George. Of having help and having support as you need it. As part of life. And also, there's a moment for people to grow up, if that's appropriate for you.

It's what's happening right now.

I'm proud of Savannah. She should hold her head high. She's done hard work, and she'll continue to do hard work.

Thanks for trusting us with the call, Savannah. More of the Ramsey Show coming up, 888-825-5225..

I'm doing great, guys. How are you?

Great. How can we help?

Okay. So my husband recently had a job opportunity. get presented to him and we are flip-flopping back and forth whether or not we should take it or whether we should stay where we are. So I'll try to give you as much as I can, so you understand kind of the challenge of the decision. So the job would take us to the Houston area.

Hey, can I just cut you off real quick? Can I tell you what else makes that appealing? You get to be an Astros fan instead of a Rangers fan, and that's a big deal.

No, I'm diehard Astros fan, so we literally go watch the Astros play the Rangers here.

You're my favorite caller I've ever taken on this show.

I didn't know you were an Astros fan, Todd. I love it.

I have a huge age tattooed on my chest.

It's all he talks about.

They're the best.

I freaking love it. No, I got to go to game six when I won the World Series.

That's awesome.

I got to be there.

Okay, back to the call. Back to the call. Yes, I know. So clearly the answer is yes, you moved to Houston.

I know. Go ahead. I, funny enough, said that to my husband. He's like, hmm, con. But anyway, but yeah, so we would get to move back to Houston, family, friends, all that good stuff.

What's he make now?

So currently, he technically could make like $525,000 this year. That's about the highest he could make, really. I think realistically, he's going to be closer to the $450,000 to $500,000 range.

Okay. What does he sell?

So he's in the finance industry,

They sell air.

I don't know. They sell air.

Bitcoins and like NFTs?

No, he sells to.

Does he sell them snacks for their machines?

No, he sells different funds, different solutions for their clients. Gotcha. He sells that stuff, and then they...

And he's really good at it, clearly.

All right, what's the con here? So he's going to make more than a half a million dollars. He's going to get...

He's getting a significant raise.

A massive raise. You get to be Astros fans, and you get to live in Houston, which... Right, right.

All these great cons.

Hashtag hurricane. Yeah, so what's the negative?

So here's the negative. So what the financial negative is, he would lose like 80,000 to 90,000 in stock with his current company, because he'd be moving companies. He'd be leaving his current company. And also is our housing situation. So right now, where we are, we got a pretty sweet situation.

How big is your mortgage now?

We're at like $3,700 a month.

How much total?

What's left on our.

Yeah, so if you.

I think it's like $500-ish.

Okay.

So if you sold and got a new property, what would your new mortgage be?

We would guesstimate somewhere around six to seven.

How much equity do you have built in?

So it depends on what we could sell our house, for, which we've been told it could be anywhere from one to 1.

What do you owe on it?

We owe another five.

Okay. So you'd get like $6,700 out, put it toward the next one. You'd have to buy like a 1.4 in Houston?

Yes. So like what we've been looking at, if we wanted to stay somewhat comparable to where we are, it's around 1.2.. So it would just be depending on how much equity we get out of the house when we sell. it would make slightly more or less on the new mortgage.

Okay. There's something you're not telling me here. Here's why.

Yeah.

I have made some loop-de-loop intellectual gymnastics in order to justify me taking a job that in my guts I knew was right, and I've turned down jobs that paid well because in my guts they were wrong.

Yeah. Yeah. No, that's the heart part of it. I was going to kind of get into it because logistics, all of that on paper, it makes sense, right? Yes.

Move. Get to the heart of it.

So the heart of it is we love where we are. We're happy where we are. We're content where we are. My husband makes obviously really decent money here now and we've built a community here, because neither of our families are here with us. They both live hours and hours away.

So don't move. So don't move. Like seriously. Does that give you peace?

Some, but my husband's. on the other side. He's the long-term vision logic guy.

So here's the deal. I don't see a way y'all lose here. And I don't see a way that y'all don't make this move and it's not going to cost you something.

You're going to have to create a new community, and that's not going to be fun at first, but you did it once and you'll do it again.

Or you're going to have to let 150 grand go and your husband's a killer salesman. He's always going to have money dangling in front of him for the rest of his life. And he's going to have to decide, am I going to make peace with living an amazing life or is peace for him going to be chasing something red? And there's not a right or wrong to that. Y'all just have to be aligned in it.

And that's where we're struggling. We have truly flip-flopped. He has said he was good with staying and then now he's like, it just makes sense to go. And so we don't know.

What if, either way, it was going to be okay? What would you do?

And see, I think she'd stay.

I think there's enough upside on this.

Y'all guys.

There's two guys' opinions. And we're telling you there's no bad option.

There's not a bad option here.

But I think you're burning so many brain calories and toiling over this when really, there's no destruction. either way. Let's say you move and you hate it. in 18 months. He was guaranteed 600K.

And, by the way, our families live hours and hours. Fort Worth is like three and a half, depending on how you drive, or four hours away. It's not long. It's half a day.

No, it's not. And we've been able to make that work. We started talking in the conversation of aging parents. Because our parents can come visit. right now.

Your husband's a salesman. A really, really good one.

Yes, he is.

He'll always have a job. Yeah, for sure. Always. And so, if your parents are aging and they're 60 and you're starting to think about what 70s and 80s are going to look like, that's a decade and a half away. Your kids will be out of the house.

And whatever you do decide, you've got to make peace with it. And then go all in on it. And don't go, but what if we had stayed? What if we had gone? You've just got to make peace.

This show is sponsored by BetterHelp. This is Deloney, and I'm always railing against social media. Especially in the summer. Because everyone uploads the highlight reels of their perfect bodies, and perfect vacations, and perfect kids. And I know they're not real.

Welcome back to the Ramsey Show. I'm George Campbell, joined by Dr. John Deloney. The number to call is 888-825-5225.. You jump in, we'll talk about your life, your money, your relationships, and whatever else you want to chat about.

Hey, how are you guys today?

Doing well, how are you?

I'm good.

What's going on?

Hey, so, just to get to the quick question, there's a bit of a background story and you guys can ask whatever you want to after that. So, right now I want to, or I'm looking at, buying a duplex with my two oldest kids. I am debt-free. And actually, they are too. I have money, they don't.

Why are you wanting to include them?

That's part of the back story.

So are you saying, you would live on one side and son and daughter live on the other?

I'm not moving, no. My son and daughter would live on one side and the other side would get rented.

So if I was you, I'd buy this duplex with cash and I would let my son and his family or whatever rent one side and I would help my daughter out when she was in a tough season. But I would not include them on the note or anything like that. You're going to end up in a war with your kids and the relationships you're trying to preserve and save, it'll end up in ashes. I'm just telling you, that's what we do. But I love that you're taking care of your kids, but I would just buy yourself a duplex, man.

And if you want to gift her money every month, then gift her money every month. But I don't think you need to wind it through this sort of business transaction. That feels like it's going to get messy.

And I would, just because we wouldn't have a show if these things didn't go sideways all the time, I'd have my son sign a lease. I would tell my daughter, we're going to do this for six months and then we'll reevaluate. It just keeps them from feeling parasitic. It keeps the dad-kid relationship solid and then there's a business relationship as well.

So, in your view, in no way should this happen, like as co-owners or anything?

No, no, no, no, no, no.

Let's walk through this. It's awkward. They're broke. They don't have money. You put all the money down.

Let's back up a minute. I would say that my daughter is,

So he has no money. It takes money to buy real estate. I'm not saying they're great kids. They're debt-free. I'm not saying this has anything to do with their financial acumen, but as far as making this business transaction happen, you're coming to the table with 100%.

Nope, that's not it. That's not it. It would be like, I could potentially buy it outright, but that would burn up more money that I'm looking to burn up.

Well, I wouldn't tell you to take a mortgage on this. We don't tell anyone to buy investment property with a mortgage.

Here's the deal, brother. You can do what you want to do and help your kids out the best way you think you can help them out. What I'm telling you is one of your kids is going to get a job and they're going to have to move. One of your kids is going to find the love of their life and it's going to happen quicker than anybody thinks, and that person's going to either want to move in or want to get their own place. And then we have to sell this place, but the other person is not going to want to move and you're going to have.

And what we've seen.

And what we see day in and day out, day in and day out.

Okay.

Sorry, Henry. We failed him as far as what he wanted to hear, but I just my heart palpitates with all the things that could go wrong. and it's like well, we're paying rent, so I feel like that should go towards our equity. and it's just. I can see this going poorly in so many ways.

Or I don't want you guys having this guy come over to your house, but this is my house and it's just going to create chaos. So the cleanest way is.

You can be as generous as you'd like on that front. Yeah.

But trying to weave it all together just makes everything really tough and chaotic. Whew.

Thanks for that call, Henry. It's an interesting one. Eric is up next in Philadelphia. What's going on, Eric?

Hi. Thanks for taking my call, guys. Sure.

It sounds like you're not invested in mutual funds or in 401k. What was this investment account?

Well, the funniest thing was I was invested in the 401k and when I ended up speaking to the representatives from the company that was holding my money, they guided me into the fund, which took my money.

Are you talking about an annuity?

This is an annuity.

Because that's usually what when market value adjustments happen. it's on annuities, which is a contract with an insurance company for payments later in life.

Well, see, that's what these people are telling me. That I did this over the phone with these guys. I went from a 401k into one. of the funds in the 401k was the state-owned stable market value fund, which was supposed to be there. The way it was explained to me was that this was going to be an actual number on the account so that it wasn't going to fluctuate during the transition of my money from the 401k into the new 401k.

What was the total balance beforehand?

$257,000 and some change.

Okay. So we're talking about, I'm just doing the math on this, it was about a 6% market adjustment.

Yeah, 5.

So the market adjustment happens when, you know, the underlying funds, the value changed. And so the value changed by 6%, and when they moved it over, they made that adjustment. I don't think you're going to be able to get that back, unfortunately.

Now, see, this was done a month before into that account. It was never in that before. And so my question was basically, is there anything I can do to see, if we can argue with these people about, hey, there's no way that the market changed 6% in one month.

It actually went up.

Yeah, it was charged as a fee to me because of, because of.

Eric, we're out of time. Go to RamseySolutions.com and get in touch with one of our SmartVestor pros, and maybe they can dig into this for you. But it's hard to do on a short call. Thanks for the call, man. This is the Ramsey Show.

Man, I just want to know.

your thoughts just on that alone.

I've just. we've been traveling a lot and there's many nights. you and I are driving late nights, you know, to an airport or to a speaking gig. And you're like, John, talk nerdy to me.

And we get into it.

Yeah, we do.

And that's what we do on the air.

So we're going to make it a segment.

We're going to explain a financial concept that maybe you've never, you know, thought about. all that much. Are you hearing? I think I know what that is. And I try to pretend, when I'm at a party, that I know, because when you're at parties, what you talk about, John.

Talk nerdy to me, George. What is a high yield savings account?

So it's this one's kind of what it sounds like. It's like onomatopoeia. I think that's what that is. A high yield savings account has a higher yield, higher interest than a traditional savings account. So let's talk about those numbers.

So just practically speaking, here's a couple of ways I've used high yield savings accounts. Well, my wife and I were saving for house and we were basically a sinking fund. But it was where we put a ton of money for our down payment. We went to put a huge chunk down. We used a high yield savings account.

That's right.

And so those are two ways that we just use it in the Deloney household.

And if you're wondering, well, how are they able to offer these? Well, they're generally offered by online banks, which have lower overhead, because they don't have to create a thousand brick and mortars and hire a bunch of people. They can be a little more nimble and they can pass the savings on to you. So that's where you're going to see these. Recently, John, I partnered on my YouTube channel with a company called Laurel Road, a great online bank.

Yeah, my smart investor, pro Craig with Swan Wealth Management. He put me in Cambridge, Stonecastle and works. It's. it's been in that in that range.

It's probably around five percent.

Yeah. So give or take. And it's been awesome.

Don't go chasing like, oh, well, this account, don't go chasing waterfalls and don't go chasing the spread, because you found another company that offers a point zero, five percent higher rate than you were getting it. The juice ain't worth a squeeze there. But the key is don't go with one of these scummy companies that are like part of, like SoFi or Capital One. You're seeing a lot of these debt companies start to offer high yield savings accounts as a gateway drug to get you into their, you know, grimy little, grubby fingers. Don't do that.

Hi, Dave, I'm so glad.

that's what they call me.

He wishes. he was Dave. Oh, thank you.

That's such a compliment. Oh, I'm sorry. It's OK. Happens to the best of us.

He asks us when it's just us. It's like, hey, will you guys call me, Dave? So we do. It's cool. What's up?

OK, so this is my question. Can I pay off my my mortgage on my second home with the money that I originally saved for an emergency fund?

What's in the emergency fund? How much?

One hundred and sixty thousand.

What's left on the mortgage?

Um, so I have two mortgages, one on my primary home, which is fifty seven thousand, and the other one is fifty two thousand.

So you're telling me you could knock both of these out and still have like 50 grand left over?

Um.

The answer is that was basic math. It was rhetorical.

Do it right now.

Both off today.

Do it right now.

If you were going to drain your emergency fund down to zero dollars, I would say, hey, let's hold off. Let's get, you know, leave three months in there. Anything beyond that, we can chunk of the mortgages. But you can knock both mortgages out today.

If you paid for houses and 50 grand in the bank.

Why? I was just saving some of that for the next car, because I don't like I like to pay for cars and cash.

Good. Well, here's the thing. A car is not an emergency to upgrade a car. You're going to do it with cash and leave as much as you need in the emergency fund. Three to six months of expenses create a different savings account for a car, because what happens is people get confused over what an emergency is.

And here's what's also cool. You pay off those two houses today. They're worth more than that tomorrow.

If you're not losing that money,

if you take that money and buy a new car, it's worth less tomorrow.

Right. No, it won't be for a while. I just like to have that.

I think you're so great at savings. Your savings muscle is amazing. And now it hurts to let go of that money. It feels like it's disappearing, doesn't it?

Yeah, but it's not.

It's a forced savings plan, because, guess what? You just freed up two mortgage payments that you can now throw into a savings account.

Yeah, wait till August 1, when you don't have any mortgage payments. It's going to feel dope. Do it right now.

What are those mortgage payments add up to if you add a principal and interest on both mortgages?

Principal, like $3,500 a month.

A month for each one? Yeah.

So we're talking like $40,000 a year.

One is like $2,000.

What do you make a year, Isabel?

$150,000, and my husband makes like $150,000.

So you guys were making $300,000 and this year you're going to make $340,000 thanks to the raise you just gave yourself, because it's not going to the lenders anymore. It's going to you, Bank of Isabel.

You just got a $40,000 a year raise.

That's awesome. That's awesome.

Cha-ching, Isabel. I'm proud of you. Way to go. Pay it off. You're not going to regret it.

Dear Bank, I hate owning my home outright. Give me some cash so I can have something to pay every month.

Yeah, I just need a challenge. I need the hustle. No, thank you. That puts this hour of the Ramsey show in the books. Thanks to Dr.

Hi, thank you.

Absolutely. What's going on?

Yeah, well, my question is, I was married 15 years with somebody and they just recently, well, two years ago, walked out and left me with everything to deal with. And I kind of went through a period of trying to fill that hole. So I'm $20,000 in debt now. And I don't know where to begin. I mean, I work 60 hours a week, trying my best.

I'm so sorry, Betsy. How long, how old are you now?

I'm 58.

OK. And any kids grown and gone or?

Grown, grown, I have grandchildren. So, yeah, I have no children at home. It's just me.

Do you have any family around?

I do. Yes, I have a daughter that lives close by. And then I have a son, actually, who made me start listening to Dave's show. He lives in Texas and.

Amen. Hey, Betsy, is the juggle through a formal divorce?

No, no, I do not know what is going on around here, but I filed. It's been about a year and a half ago I filed and we. Still do not have a court date. We've got a mediation and can't agree.

Do you have an attorney?

You know, any living with somebody already? So I would think they would rush it along.

But I guess they do have a lawyer. Do you have a lawyer?

I didn't because, honestly, I don't think he really. he did all that. He paid all the bills and did all that. And I just helped out here and put money away for our dream home. And then I went through it all when I was kind of just left suddenly.

But, Betsy, he left you $20,000 in bills that you can't pay.

Well, that's a lot of that was my fault because, well, I had to pay the bills while he was gone and he has nothing. I don't think he doesn't have any.

He doesn't get to just opt out and stop paying bills. That's not an option.

Oh, I know. I know.

But that's why you need some legal defense.

OK, so let's, let's, let's, let's head this off like right this second, OK? OK, are you in? Because here's the deal. You're going to have to change a switch. You got to flip a switch from.

What exactly? OK, yeah, correct.

Not by your hand, but in your lap. Here we are. You're 58.. You're working 60 hours a week. You owe 20 grand and you won't own a house someday.

And that is the thing, though, I'm such a strong person that it and it just it, was like so, out of his character. He did a 180.. I mean, it was like I never, ever. Ever, you know, coming. So it was such a shock.

But, Betsy, when someone leaves you, when someone cheats on you. We often hear that, but we think it's going to hurt because of the betrayal.

No, I know.

Betsy, listen, listen. We don't have a psychology, for when someone we love. We know people stab us in the back. We know enemies are out to get us. We don't have a psychology when someone we love stabs us in the face.

You know, yeah.

Let's walk through some tactical things, Betsy. You got $20,000 total in debt. Yes. What kind of debt?

Credit cards, mostly a loan, a small loan and credit cards. I, I guess was so.

I was just grief spending or did you have to cover the gap in bills?

OK, it was both. It was both.

Can you cover your bills today?

And both.

OK, what are you making that?

Matter of fact, I wrote it down because I just got my six month thing. This year, I should make around 67,000..

Wonderful.

And for a single person, it's not bad around you.

That's incredible.

You're amazing. OK, so here's the deal. We can get out of this debt. So barring whatever happens with the mediation? and is he going to pay?

Any, anything,

anything in savings in the bank?

Oh. Not really, no, no, maybe $500.. I mean, that's so sad, isn't it? And I do have. I just got a 401k at least.

OK, well, don't invest money in the 401k. You need to be focused on this debt temporarily, until it's knocked out. And to make in 67,. how much margin could you throw with the debt every month? So, if you make a minimum payments on everything, you cover your four walls, your food, utilities, shelter, transportation.

Well, I'm. I'm with this new job that brings in probably.

Let's say how much are your bills every month? Your basic bills to cover your knees. Is it two grand, three grand?

Yeah, no rent. They rent table lights around eighteen hundred. OK, that's not food or anything like that.

So let's say you're bringing home four thousand. There should be about two thousand dollars you could throw at this debt if you got focused, right?

Yeah, and yeah.

So now think about that basic math. Two thousand dollars for ten months is twenty thousand dollars,

which means. Oh, yeah, that makes you feel good.

That's exactly what hope does. It makes you feel a little better because you're going to be debt free within a year.

And Uber, Uber on Saturday and Sunday. And it's going to be awful. And they get this thing done in six months.

And then that build up your emergency fund to three to six months of expenses. Then we can begin investing in the 401k 15 percent. I'm going to send you Financial Peace University, Betsy. It's going to walk you through all of this in detail. And this is the seven baby steps that have helped millions.

and get your kit rushed to your door. Use the promo code Ramsey for a 15% discount at checkout. That's urgentcarekit.com slash Ramsey. promo code Ramsey.

Welcome back to the Ramsey show. I'm George Campbell, joined by Doctor John Deloney. Open phones at 888-825-5225.. If you're enjoying the show now or anytime, do us a quick favor. It's completely free.

Hey, how you doing?

Doing well, what's going on?

Alright, so I got myself in a bind. Probably a total about $6.50 in debt.

What is it, man?

It's a little bit. That includes the mortgage. I took a heat lockout, got a couple of credit cards, hospital bills. Uhm?

Yeah, Franklin, speak directly into your phone for us. We're having a little bit of a hard time hearing you.

Alright, sorry about that.

No, it's all good. So you are. You're doing side hustles right now to supplement the wholesaling stuff, which is in panning out. You got five kids. Wife stays at home with the kids.

A consumer debt, I'd say probably about 60 and credit card. And then after that is like hospital bills. You know, since we have a. We have like a. We probably have like another 60 to 70 in hospital bills and that hospital bill just being different, different things.

Do you have insurance right now?

Yeah, we have insurance right now, health insurance.

OK, is it just marketplace?

My wife is on marketplace. I'm on private.

OK, I imagine that's very expensive, right?

Yeah, that's right. The whole thing was pretty good, like for the past five years. I've, you know, I've been.

What were you making?

Well, over 100.

So, Franklin, Franklin, I can hear how tired you are.

Yeah.

I got two kids and I don't even know what day it is. I can't imagine having five, not to mention.

Yeah, I can hear it. I was in college.

I know, I know. You thought this whole thing is going to look different. I'm telling you right now, and George will back me up on this with your character, the kind of guy you are. And I know this because you got you're a dealer, you know, to set up deals and wheel them and talk them and move them. But you're also a good man and you're on the side of the road because you're working Uber Eats so that your family, you can provide for your family.

Yeah.

And right now you're staring at a mountain, Franklin. What I want you to do is disconnect the HELOC and the mortgage for a second and just focus on this consumer debt. If you got back to making 150 in the next six months, how quickly could you pay off 120,000 in that consumer debt? Less than two years. You could throw 60 at it, right?

Yeah.

Can you afford this house, or is it time to sell this, this $500,000 house?

That's, that's, that's the wrong thing. We bought it in COVID. We bought it in COVID at a great price, $250, low interest rate. But then I tacked on. I tacked on the HELOC, and the HELOC is $150..

What's it worth right now?

Maybe $520.

So if you sold for $520, what would you walk away with after paying the mortgage fees and the HELOC?

Conservatively, maybe one.

One hundred. Yeah, that sounds awfully close to getting completely debt free, doesn't it?

And I would sell this house. Dude, I'm telling you what I would do, brother, I'd sell this house and I would put $50,000 in a high yield savings account. So I know I've got my my rent covered and I'd go rent a place and kids can share rooms. I shared a room growing up and somehow I survived. Your kids could share rooms.

We got to restart with peace, and that might mean selling the house, because right now this is not sustainable and it's stressful, and you got a little starry eyed, you got a little greedy and we can reset and move forward with peace. Hang on the line. I'm going to send you my book, Breaking Free from Broke, to give you some hope along the way. This is The Ramsey Show.

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Welcome back to The Ramsey Show, I'm George Campbell, joined by Dr. John DeLuna. Open phones at 888-825-5225.. Our question of the day comes from Amber in South Carolina. What's she got to say, John?

All right, Amber writes, I was recently diagnosed with bipolar disorder and I'm on medication and I see a great therapist. My husband and I have a healthy savings fund and our only debt is our home mortgage. Where I need advice is how do I get out of a car? mess? I've lost us a lot of money with car depreciation.

If I ever can't find John, I just leave a trail of jelly beans leading to my desk.

Chocolate, peanut butter, cups or whatever. I have to take a different route. And that's OK. But I know I got to put a hurdle in front of myself. And, Amber, you're here, too.

Wow. Yes. Multiple cars, John. Well, number one, are a car rule, just so everyone knows. here's the parameter, and it's not to be legalistic.

That includes motorbikes, boats,

So to that end, it may not be more than your half. I don't know. You said your car is more than your income. I don't know what your husband's income is. So there's a variable there that if you do want to get rid of it because you have so much shame and regret and you're gone, I got a downgrade.

I love the. I had a buddy's dad who did that back when we were in our early college years.

You've got to have willpower when you walk out of those dealerships, because salespeople are trained to convince you to buy and do it their way with the financing. They always put you in the financing office. Well, you still have to go to the financing office. And they're going to pitch you. Like I had a call when they went, hey, this is the financing office.

My favorite one was not the last car, Bob, but the one before that. The guy looked at me and said, hey, you know, here's a sheet of the projected repairs this car is going to have. So your best option. To scare you into it. And I said, whoa, whoa, whoa, whoa.

And that's the power of having values and principles and pre-deciding and having the accountability of bringing someone with you, because they can talk you out of that when the guy zeroes in on you and you lose willpower. But thanks for the question. Juno's up next in Memphis, Tennessee. What's going on, Juno? How can we help today?

Thank y'all for taking the call. First of all, I got to say, this is not going to be as interesting as half of the people I've heard from.

Thank God. Thank God, Juno. We need some straight talk from Juno in Memphis.

This will be easy. My son just graduated high school, started an electrician apprenticeship. He's never had a job. So now he's making $500 a week. Bring it home, $500 a week.

the greatest gift you can give him?

Go for it.

We're going to send you as our gift. We're going to send you every dollar app from for him and for you. And we'll also send you both. Financial Peace University. But you have to promise me you'll make him watch it, OK?

Listen, tickets for the Live Like No One Else cruise are selling fast. This is the ultimate debt free vacation. And I can't wait to celebrate with all the folks who've worked their butts off and changed their family trees. We will be sailing through the blue waters of the Caribbean with the Ramsey personalities and other special guests. A bunch of cabin options are already sold out.

Welcome back to The Ramsey Show. I'm George Campbell, joined by Dr. John Deloney. You've heard us mention every dollar on this show and shows previous. If you're wondering what that is, that is an app that our team created to help you live out the Ramsey plan.

All right, so I.

What happens with your jobs? Are you both remote, where you could just make this move easily, or do you need to find new jobs?

I, so my husband is able to relocate. I am a baker and I actually own a bakery. I don't really focus on it right now. I have a job where I make about forty five.

So you could restart the bakery business there. He can relocate. So this is pretty easy.

Yeah, it'll be, you know, a kind of sort of a.

And here you guys have a house to sell, are you renting?

We're renting right now.

OK, and you'd rent somewhere in Louisiana, or would you stay with family?

So I would rent in Louisiana, and my dad has been talking about helping us with a down payment for a house.

So, Janice, what does this is a lot of information you took on all at once. What does help look like in your mind?

Like help.

Yeah, like you said, you're going to move to help them.

So we often, when there's a hurricane, when there's all kinds of a family storm, we want to jump in and solve stuff. But I don't have the money to pay bills. And so is this about like, is this about taking them to their appointments? Like, where do you, what do you envision help being? Because this is a huge mess.

So I will be taking or just spending more time with my dad, really helping him around the house, helping with the kids, because I do have a younger.

No, it's OK, you're OK.

And you guys have no kids?

I do have a younger. We do not have kids. I've actually been going to the doctor myself to try and get my health in order as well.

What does your husband make?

My husband makes anywhere between 45 and 48, and he gets a raise every 18 months. So here in, right after we move, he's going to get another raise.

OK, my fear is that you guys move, you basically lose your income because you're a full time caretaker, essentially. And we're now trying to live off his income while trying to pay out $50,000 of debt. And you guys can't pay your bills and your stress while trying to take care of ailing family members. Is that a reasonable scenario? that could be true?

I mean, yeah, and like I said, I have. I have basically a job. if I wanted to waiting for me there as a nanny. And when I was working for them, I was making about as much as I'm making now. OK, so I could easily supplement this income with that.

That would be my caveat. I think, if you want to make this move to be close to family, that's fine. But don't let it slow down your snowball progress knocking out this debt.

Or let me, yeah, let me say it this way. You're not going to be the help that you can be and you want to be to your family members if you move across the country and ride up and you're barely able to make rent, and you are stressed and you're sick and your marriage falls apart, too.

I've already told him, like I am selling everything we can. So I'm going to wash it in the dryer. We're going to get a mattress vacuum bag for the mattress. By the way, we can vacuum it up. Good.

Once you've got your moving expenses saved, you got, you know, first month's deposit saved. Maybe you even move in with family to save money on the front end. I don't know what that looks like for your situation, but that could be a way to where you're able to make progress on the debt and be with family at the same time, at least as you start, when you make this move. Then you guys can figure out where you're going to rent.

But I want you all to, yeah, you all to sit down and make a plan. Here's how much money we're going to make. Here's the job, not just, oh, I got one waiting for me. Here's the job. I've called those people.

And John, how do you address this issue? where we want to help or we're not in a position to do so, but, you know, there's ailing family members over there and you just want to do something and you want to at least be with them physically? How do you help people navigate that? Yeah, there's only so much we can do.

It goes back to the great Dr. Young, who trained me on crisis response. He he always reminded me.

Their heart rate doesn't change.

They've trained on this. They bring, they bring, like stability and peace, to chaotic situations. And so this is just another version of that. Mom's sick, dad's sick, dad's sick. Like everybody's, ah, ah, let's move, sell everything and run.

That's the beauty of the Ramsey plan. If not, if, but when life hits, you, be ready, you have the margin and freedom to just go. do it. You've got the money. You've got the peace.

Hi, good afternoon, guys. Thanks for taking my call. I'm drowning and I really need help of you guys. I can explain and start with my death, or wherever you want me to start.

You tell us what. what's what you said? you're drowning. That's pretty aggressive. Let's start there.

Me and my wife, we're making around 300K gross every year. We live in Canada, Vancouver.

And what's your take home pay every month?

Right now, my take home is about eighty five hundred. My wife...

Why is it so? Oh, OK. I thought it was combined. I got scared.

No, no. My wife's take home was four K before she leave for maternity leave. We have a 10 month old baby. She's not willing to go back before a year and a half. So right now she's making sixteen hundred bucks gross from insurance employment.

OK, what are you making from the rental?

Two K.

Two thousand. So that's extra on top of your eighty five hundred. So currently, as it stands, if your wife continues down this road, hey, I'm not going to go back to work full time right now. I'm making sixteen hundred. You guys are spending more than you make, correct?

That's correct. Yes.

I can see why you're drowning, my friend. OK, let's try to develop a game plan here. Number one, your mortgage is the glaring problem here.

So this here's the story. Two years ago, I bought this house, one point four million on, and the payment was around fifty four hundred. fifty four hundred. I was OK, so I was a variable. Now I'm, I'm paying seventy two hundred.

You have to sell your house, Ben. You have to sell your house. It's too much.

In October, I can reduce it back with the fixed cost. I mean, sixty four million. Fixed rate of four percent. I can bring it down to maybe fifty eight hundred fifty nine hundred.

That's still half of your income to sell. You're still over half your income, so it's not going to solve the problem. Our parameter for housing is twenty five percent of take home pay. And right now you're at sixty percent and you're saying, hey, one day maybe we can get it down to fifty five. It's not going to be a sustainable solution.

The explanation for my car is stupid. I'm still calling it a stupid choice, but I found this rebate from the government. I'm an on the road salesperson, so only thing I can write off is my car expenses and the home office expenses. Last year, I found this rebate from the government that I. I bought this car for seventy five K and I wrote off sixty three K of it.

No one built well through tax savings. The problem is you're throwing away a thousand bucks right now, plus interest on all of this, while you're drowning. So, you know, I think at every turn we were like, hey, this is going to be the life hack. We're going to rent out this room. The government's going to give me a tax break and we're going to get out of this thing.

I'm OK with her staying, staying out of work, but I don't want her to go back to the regular job that she has. I really want her to open the smallest business that she can. Like, we need a corporate company that I can write off some of expenses. I think that's the way I like to go.

Where are you getting this idea that you're going to write off your way into building wealth and getting out of this debt? I don't think write offs are the solution to your problems.

You have to sell your million dollar house and your seventy five thousand dollar a year car. You can't afford them, man.

Right now in Vancouver, I'm buying this house, it's a burned house and it's 20 years old.

Dude, I know it's chaos. It is chaos, expensive.

I cannot defend or explain what the heck is happening in Canada. Don't worry.

If I, if I sell this house today and I go, I don't know if I, for example, I found a rent somewhere. The two bedroom, the smallest apartment, goes for four K for five hundred.

Guess what? Four K is actually a reasonable amount for you to pay. And you might have to do that. And you're not throwing away money on rent. That's you building back a foundation.

Using your words, brother, you're in the ocean floating. And you used to be on a really nice boat. And somebody just just somebody just rode up next to you in a canoe and you're like, yeah, not getting into that. That's not really how we roll. And they and they, they, they, they paddled away and then a small fisherman came by in a small little John boat.

My cat, my calculation could be off, but seventy two hundred bucks that I'm paying right now, I can break it down to six thousand if I go fixed rate right now, if and then I'm making two K on the rent and that's going to put me on the four K same same spot again.

Do you remember 24 months ago when Canada shut down?

Shut down, I don't mean.

the whole country stopped spinning. And people who were renting decided to not pay, they didn't have to.

your life is teetering on this one tenant. And if they leave and you can't find another, they don't pay. This whole plan falls apart. We need a sustainable plan that doesn't involve the side rental business. So either you need to get your core income up or we need to sell, downsize and rent for a while, get rid of the debt and restart.

I know it's madness. The housing crisis.

I can't fix that. But you've got to make a choice and you've got to choose reality. And the reality is this is unsustainable. Thanks for the call, Pam. This is The Ramsey Show.

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Well, like when you call me, I just don't answer. And then I see you in person like, oh, sorry, I missed your call. This isn't that case. We get cards and letters and countless, thousands and thousands of direct messages and emails. And we get phone calls calling in to The Ramsey Show and they leave messages on the machine.

All right, let's get into this. Sorry, we missed your call.

Hello, I'm a huge fan of Dave Ramsey.

I've got a net worth of roughly eight to nine million dollars. And my wife is totally frustrated with me that I only have one pair of shoes. I wear them everywhere. I wear them with suits. I wear them to go on the boat.

What an amazing call.

That's one of my favorites. My favorite line is she thinks I'm crazy. I'm paranoid, which is, yep.

All right. I also love the Dr. Seuss vibe he had. He's like, I have one pair of shoes. I wear them with suits.

I wear them with toots. All right. So here's the deal. When it comes to wearing one pair of shoes everywhere, I'd like to call you my hero. I'm down to two pair.

I switch pairs midday. I have my evening shoes. Oh, my gosh.

He does.

I get home in my house for his shoes.

It's just the whole thing.

But this feels kind of disgusting.

You told me earlier today the name of your shoes.

Yeah, you don't know the model. You get like a make and model. Because a fan out there said John, love, love the dunks. And John had no idea what this man was saying. I said, John, those are Nike dunks.

It's fine.

John is a man of simple taste.

This is why you struggle with friendship. So I love this. Here's the challenge. You are living a out of a heart and head space of scarcity. And so there's this illusion that it's all coming down past the point where it's rational.

What it would grow?

Yeah, a year. OK. So like just sticking eight million dollars,

just just that's 400 grand a year,

which is 400 grand a year.

That's not bad.

Which puts you in the top 1% of earners.

He said he's making a hundred thousand a month. So he's making one point two million dollars a year. Yes. And he's not spending any of it.

Yes. And so when he says I don't want to. Great. Don't buy anything you don't want to buy. If you don't spend money because you are waiting for this next shoe to drop, if you grew up very poor, you grew up where money was a stressor and your body sounds alarms around money.

Fund a nonprofit for a year, just for fun.

Just for fun. Right. And then the other thing is, this is going to be opposite of 99% of people in the world. Budget forced spending. You will go buy a nice thing.

There is definitely a flat tire here where he's great at saving and investing. I applaud him. But he's saying, well, that's how I got to where I am. Now, you got to where you are because you're really talented at something and you worked really hard at it and you had a good savings muscle. But if you want to get to the next 30 years of a great marriage, this ain't it.

Now we're going for a great life.

and you've got someone else in your life. So it's not just you. If it's just you, go live in a cave, do what you want. There's another person in your life. And this is not the way.

because it's all coming down. Right.

So I don't know what. what our friend needs here. It might be some, some therapy, some third party professional help. It might be to go budget for some spending. It might be to go give.

And this was going to be practicing the living muscle, practicing the giving muscle. And, by the way, if you're listening to this and rolling your eyes, don't. Everybody's fighting a war every day and none of us know what's going on in other people's lives. And so let's cheer this guy on. His generosity may just make its way into your life someday, or his his appreciation for your craft or whatever you're working on.

Love it. All right. Let's get to the phones. Caleb joins us in Charlotte, North Carolina. What's going on, Caleb?

Hey, guys, can you hear me? OK? Yeah. All right. I'm 23 years old.

I hired somebody.

Yeah. Do you want to manage it yourself?

I mean, not really, but I also don't want to spend money on somebody for something that I could do myself. So, like upfront, it's 5.75 percent commission on the amount I put in. And then there's nothing like on the interest or whatever I make in the account. But I just want to make sure it's not something dumb.

Well, it's up to you, and also know that nothing is final and forever. You can do it and hire them and go, all right, they're going to make the investments. And five years down the road, if you feel like, you know what, I'm going to take this on myself. I know what I'm doing. Then you can do that.

Yeah, I definitely don't want to handle the brokerage account myself, but I just I didn't know. for the Roth IRA. I mean, 5.75 percent commission. I don't know if that's high or low.

That's a normal front load. That's a normal commission for some products. And if you want to reach out to some smart investor pros, you can do that at RamseySolutions.com. These are investment pros we trust around the country to help with this next step.

And the people that George and I use in our house to protect our families. So it's not just us selling you something. That's who we use.

Hey, guys, are you ready for the secret to help you reach those money goals that you've been dreaming about? It's simple. You got to get on a budget with our budgeting app. Every dollar. you'll get intentional with your money and build the habits that will make those dreams a reality and will be with you every step of the way from your first budget to that retirement home on the beach.

Welcome back to The Ramsey Show. I'm George Campbell, joined by Dr. John Deloney. With or without cell phone bans, foundations and personal finance, helps with the distractions in the classroom because of its engaging content. The video lessons in this are captivating.

I hear about that almost every time I'm out on the road.

We were covered.

A kid comes up and they're like.

thousands of sticky notes that were brightly colored. I don't even, I think it was a lesson on compound interest.

Yes. I think when we're older, we're going to find out like, man, you have a leviathan sized cancer. Did you happen to cover yourself with a bunch of adhesives? And I'm like, one time.

I think that's how George's girlfriend died in Seinfeld is from licking the envelopes. The adhesive, man, very dangerous. Yeah, I learned my lesson.

Way to bring down a country there, George, with your sad news.

Let's get to the phone lines. Melanie's up next in Charlotte, North Carolina. How can we help, Melanie?

Hi, George and Dr. John, I'm so excited to be on today. We're excited. when I was not going to fangirl, but I did not know that it was going to be you guys on here. So we're fanboying.

And so it's awesome. What's up?

It's so kind.

OK, so I guess I'll ask my question first and then kind of give you guys some background. My overall question is, am I being greedy when it comes to buying a house? So kind of some background. My husband and I paid off one hundred and eighty thousand dollars of debt in January of this year.

What is your after tax household income per month?

So we bring home around ten thousand a month. We did when we paid off our debt, we did start investing six percent into retirement.

OK, so you're OK to sort of sacrifice a little bit and go, hey, we could be using that investment money for the down payment. We're going to do a. choose your own adventure, which is totally fine. And maybe step three, but you can invest anywhere from zero to 15 percent when you're in three B, saving that down payment. So you're doing it the right way.

Well, if I bought the house now, we would just buy, like just a smaller house that we would move out of sooner than if we just kind of waited the seven to eight months to get into kind of the bigger house in the area that we wanted to be.

Well, you're saying seven months. you'll have enough to get 350 home and do it the right way.

Yeah, we're putting about six grand into our house account now, like every month. So so I don't think it will take us that long.

I don't think this is greed. I just think it's a lack of patience, because seven months is going to fly while you guys save. And when you step into that home, it's going to be this is the house instead of, well, this is fine. But really the next one, it's going to have this. And so I just, you know, I've been around the block when it comes to, you know, buying houses and selling.

Right, right. OK, so it wouldn't be like beyond crazy to just.

If it was five years until you could do that, I would say just go ahead and get it. But seven months is a different timeline.

Yeah, it. I mean, it wouldn't be more than a year, but I think it will be about seven, eight months.

OK, how much you have in your down payment account right now?

We have about forty five thousand in there right now.

And in seven months you'll have closer to what? A hundred?

Eighty, eighty. Yeah, six times seven plus thirty five. So about eighty.

OK, and that's if nothing changes. What if one of you gets a raise? or you work extra or get a side hustle?

Yeah, yeah. So my husband is actually in the process of getting a raise now. So we're just kind of waiting for that.

That's what I personally, Melanie, I would crunch the numbers and go, how can we spend less? How can we make more to make this happen in five months instead of seven? and make it a fun game, make it a fun challenge? And I guarantee you'll get there faster than you think. And then work with a real estate pro.

What if, Melanie, what if you decided together as a couple, we're going to buy ourselves a house for Christmas?

That would be, that would be pretty cool. Our birthdays are right there. We share a birthday too.

OK, so our birth, our double birthday, Christmas present is we're buying ourselves a really nice home.

OK.

Yeah, and you'll start getting after it and you'll have. you already have what, twelve, fifteen percent of a down payment already towards this $350,000 house, right?

Yeah, yeah.

So in the next six months, if y'all start kind of looking around and you get close to, you can pull the trigger now if you want to.

Yeah, I know, I just you know, I don't. I got 20 percent. I don't want to get locked into that PMI.

I know you're not locked into it forever. Once you cross the 20 percent threshold, you can write a letter and they'll drop it off. OK, but I'm just saying I like the idea of y'all having a destination because it makes it very real. Right, because you're going to get 20 percent. And if you just keep floating along, it's easy to go.

Yeah, that that hasn't started a little bit, because, you know, I brought all the debt into our marriage. And so, you know, I I don't ever want to go back.

You know what else you brought, Melanie?

Joy, happiness, fun.

And that's priceless.

He has never, ever, ever said anything about it. He just put his money to it. And we got. we got moving and grooving.

But and that's what tells me this is going to work out for me. You both are aligned. You're both excited. You're both working the plan. And that tells me, it's going to happen faster than you think.

Send us a photo of your Christmas home. I think that'd be amazing.

That would be fun.

I will absolutely do that.

Congratulations, Melanie. Wow. It's funny, John, the people that are working the Ramsey plan, they're more like, oh, and the people that are just impulsive out there like, yeah, I got. the only debt I have is like some car loans and student loans. Like, I don't know, 80K.

And I think that's where you start to feel the peace as you go and you feel more and more like, oh, this plan works, right? You keep it and you just slowly work this way down the tracks, man. I love it.

Yeah, we get a lot of real estate calls on the show, whether it's should I move, should I buy, should I sell? And our team create a really great resource is totally free. If you go to ramsysolutions.com slash real estate, we have lots of free tools and resources to reach your home goals, preparing to buy, home, buying, home selling, wealth building, investment property, finding an agent, calculators. I've got a new in-depth home buying course that our team created. And so a lot of great features on there.

I mean, the Rolling Stones, I guess they're from overseas. So they're not like that at all.

This is The Ramsey Show.

Agree to disagree, George.

Open phones at 888-825-5225.

Hey, good afternoon, gentlemen. Thank you so much for taking my call. I feel so lucky.

Sure. How can we help?

So basically, I am wondering, is it OK to retire pretty much super early with my wife and live off fixed income? that will be coming in for life?

Where is the fixed income coming from?

VA disability.

OK, how old are you, too?

I am thirty five. She is forty one. OK, and we have devised a plan.

that sounds awesome,

devised a plan and a budget. We have been using the Dave Ramsey's seven baby steps for five, six years now. We have been completing all the steps, working the best we can. And I've been fighting with the VA for 13 years. And finally, this past year just won my appeal.

OK, so you guys are going to. This is the plan. Retire early. Thirty five. Forty one.

Yes.

You have an emergency phone right now.

Yes, we have been working on that. Currently, we have, we have, a pretty, pretty high income to debt ratio. I'm a truck driver, so I make around six thousand dollars a month plus my four thousand income. She is, she works. She makes a little over three thousand, about thirty five hundred a month.

You just told me you were debt free.

That is, that is the only thing that I've been taking double payments on the car. We have a two year plan, so I don't plan on going right now. And our plan involves purchasing an RV because we are extreme travelers.

OK, do you have the money to purchase that RV?

That is, that is the problem that I'm running into. That's the. that's the question I have. Because we are debt free. I looked at.

I'm so happy that you could not get financing on this RV, because it would be a burden in your life and not a blessing.

OK, so let me ask you this, dude. You wake up at 50 years old.

My wife and I now are we're, we're. we travel a lot. We're extreme travelers. And I get that.

I like to travel, too. I like to go way back in the back country. I like all that. So we've. what is your purpose going to be when you're 50?

I would like to be doing the same thing I'm doing now, traveling, doing as much as I can to see and live as much as I can of the world. And my I guess my thing is, is with a fixed income, with pretty much. The the ability for my wife and I, who we are very good with a budget, we don't live above our means. We would be able to live on that. And then also I'm very handy, too.

Here's the deal, Daniel. Here's the deal. The data tells me if you retire at 35, your health is going to fall off a cliff.

What was left on the loan?

My car is like 19.

But no, you hear what I'm saying. You guys make over 150 grand. Why is it going to take two years to pay off $19,000??

But you paid off in two months.

No, the car is not going to take two years at all. I have a six month plan. I plan between the next six to eight months. I want to pay that car. My two year plan is my son is going off to college.

What's a big nest egg? What's the number?

Mine is between 25 and 50,000, just to have a cash asset or cash available.

I wouldn't call that a nest egg. That's an emergency fund. OK. I think we need to think about what happens later, when life costs more than $4,000 a month, 20 years from now.

Are you referring to, like inflation?

Yeah. So here would be my plan. If you want to go travel for a few months, you can do that. I don't think setting a 10 year plan to do this is wise. I think you need to save up, pay cash for the RV.

Our 401k, I have a Roth IRA going already. My wife has her 401k building. I think she has like 25 or 30,000..

So what's your question, dude? Like you've already got this plan worked out and doesn't really matter what we say. Like, what's your question?

You're answering it for me, I guess. With the purchasing of a vehicle on my question, I was unable to get the loan. So that's what I was confused about.

Is this $100,000?

Is it $65,000?

So that's not why they, that's not why they denied you. then. There's something else going on.

So would it be better over the next two years to save up and purchase the RV in cash?

Yes, yes. And then go on the road. And I would go on the road temporarily or just rent an RV for now and check it out, see what that life's going to be like, see if you like it. And if you do love it, then set a, you know, two year plan to go. We're going to pay cash.

OK, let me ask you this. I've, I've had some, some friends in my life. I've run into some folks. I would call them friends and buddies. A hundred percent disabled veteran, what's your disability?

$4,000 a month.

No, no, no, no, no. What's your, what's the nature of it? Yeah, what's the nature of the disability?

So I get 70 percent for PTSD and then I get I have shrapnel wounds to my neck and face. I have lack of feeling in my face. OK, I also get from my shoulder and my back a little bit.

OK, good. As a taxpayer, I'm honored to be supporting you for indefinitely. I have no problem with that. OK, you put it out on the line for me and my family. OK, but here's what I want you to hear.