Break Free From Broke!

it is very good. it's called breaking free from broke and it's got a great picture of George here pushing out against the toxic money culture to that's out there, and this is the ultimate millennial Gen Z guide to the things I used to say, but I say them in such a boomer way that this is actually incredible. I laughed out loud reading the manuscript. I was very impressed with the level of research that you and the team have done to put into the book the detail, the backup. I mean you destroy some of these concepts that are out there in such a way.

it is so persuasive that you just can't do stupid stuff anymore after reading this.

truth is, I was, I was a normal guy with a normal job. you know marketing roles. I wasn't a personality up until a few years back, and so my wife and I, who also works here, we've just been following this stuff for years. and it turns out if you just, you know, invest in your 401k for a decade and get your house paid off, you can become a millionaire fairly easily in America today. yeah, there you go.

so I dispel so many objections that we've heard over the years around credit scores, credit cards, auto loans, student loans. it's like the total money makeover meets complete guide to money, meets the fine print, meets borrowed future. along with my YouTube humor and snark and someone said today a good dose of the snark I released the first chapter. I read it on video and a comment said I forgot I was reading. you were reading a book.

it felt like another one of your YouTube videos and it was the best compliment. that's it, because I tried to.

so but we got the snark font for you, and so that's a. that's a publishing.

you know, dr. John Deloney's book, and I'm like this book is gonna rock people's world. on anxiety. I mean building an onyxious life, the six daily choices. it's rocks really good.

breaking free from broke George Campbell's new book. it comes out January 16, that's right, and we will ship it to you then. as always with a Ramsey book, it goes on pre-sale. today. we're gonna let you buy it in advance and we're gonna bribe you to do so.

you'll get an instant access to Georgia's newest talk show me the money and exclusive access to an online private event I keep with. it includes a Q&A with George. you'll get the audio book in the e-book when we ship the book in January, on January, the 16th, and whether you pre-buy it or buy it later, but do pre-buy it please. you part of it is you're gonna be tied into every dollar and there'll be a QR code in the book that lets you get every dollar free. for what?

90 days, 90 days of all the premium.

and so go ahead and pre-order it. it helps George with the marketing, helps us with the marketing and it helps us with the orders with Amazon, all the stuff we do to try to get a book out there. and I just I can promise you, I'll give you the Ramsey trusted seal of approval. George is not only Ramsey, trusted, but this we don't put stuff out around here like George wrote it, and we just say that's okay and we print it now, we all go through it and beat the snot out of it. but writing a book is kind of a brutal process.

at Ram. I beat this not out of me. yeah, what I mean other people were pretty straightforward. yeah, I mean absolutely. we got high standards around.

because I have a lot of pop culture references. Dave missed this. there's one sentence that includes for Taylor Swift song titles, and Dave didn't even catch it and I.

no, he wasn't snarky.

I would comb your hair carefully if that's what you're called. I'd be worried about my hairdo. I'm gonna protect the coif at all costs to protect the coif. protect the coif. Ramsey solutions.com slash story.

you're gonna get knowledge and confidence with this breaking free from broke, the ultimate guide to more money and less stress. Damon John, Mike Rowe, Graham, Stephan the minimalist and Rachel Cruz are on the back endorsing and saying it's awesome because it is. this is the Ramsey show.

hey guys, it's Rachel Cruz here to tell you about a faith-based alternative to health insurance that can make health care more affordable. Christian health care ministries. CHM allows members to share each other's health care costs and it's as easy as 1, 2, 3. step 1 choose the health care provider you want. step 2 submit your eligible bills and step 3 get reimbursed.

CHM members take care of your eligible medical bills with no network and the freedom to choose your health care provider. CHM is the best option for Christians who want to take care of their families and help other believers. find out more at CH ministries dot. org slash budgets that CH ministries dot. org slash budget.

George Camel Ramsey personality, is my co-host today. thank you for joining us. triple-8, 8, 2, 5, 5, 2, 2, 5. amber is in Houston, Texas. I, amber.

how are you?

he's fallen for every scam. he's 81 years old. he's fallen for. he's made every Nigerian Prince rich. at this point we're intervening in his finances.

so his bills. we can help with his bills. we can help what he's got his mortgage covered with Social Security bills are 2300 approximately. he brings in $2,091. the total credit card outstanding amount is 26,000 and we don't know at this point whether he should declare bankruptcy or we should let those credit cards go into default and try to negotiate with the collectors.

I'm just not sure how to help with those things. I'm guessing he has no money. he has no money. he brings in 1926. and Social Security.

what's that? what's the house worth? a lot, we're trying to keep it. what's the house worth? so 550, probably okay.

and what's the O on it?

I don't know Oregon's law, but I suspect it's a standard, a fairly normal state, which would mean that they eventually could take a lien against his house if they sue him. okay, if you don't pay them and they sue him and take a lien against his house, he has no money to pay them. there's no money in this budget, right, and he has no money, does he?

can can we get it? can we get a group together and chip in and come up with ten grand and settle twenty six thousand dollars with a bad credit card debt? yes, okay, yeah, let it go bad, let it go bad and then go settle it before they take it, before they take a lien on his.

it's nostalgic to us, then. mortgages 1756, to answer your question.

mathematically, what I'm describing with an 82 year old is very, very difficult.

yeah, emotionally, family house nostalgia, all the things we're talking about here. so what probably will happen is you all will limp along feeding this at a thousand dollars a month, and you'll chip in and get ten thousand dollars together to knock out the $26,000 in bad old credit card debt. his credit will be destroyed when he passes. you'll sell the house, recoup the $10,000 plus the thousand dollars a month that you put in before you split with your sibling who's not putting anything in. and that's all in writing now, if you're willing to feed it to that tune, just to keep him in the house, the only reason you're doing that, by the way, there's only one reason you're doing that, that's to keep him in the house.

yes, so the strain that you're putting on your brother's finances and your finances to do all of that is only to keep your dad in this house, which, if you've got two million dollars, it's no big deal. if you got 20,000 bucks and you're throwing a thousand of it, that's that's a lot, mm-hmm, we have a million.

make sure you.

so yeah, and you know he's 82. so statistically, you're gonna do this for two years or so. I don't know what his health is like, but he could do it for 10, George's right, could do it for 20, George's. right, those are possibilities, but statistically, you know we're not doing this for a long, long time. and the other thing you I would be real clear on is this is what we're gonna do.

for now, we reserve the right to decide to sell the house. later, like you, you may reach the end of your rope on this your.

but, dad, you do one more stupid scam. we're done, sister, brother. you don't agree to a recoup. we're done. you're not gonna live on a budget and we're gonna pay your house payment.

you're gonna, and I'm gonna manage your money. you're gonna sign over a power of attorney. we're done. we're done. there are.

there are stipulations to play in this through and putting a strain on our family.

George Camel, Ramsey personality, soon to be number one best-selling author, is my co-host today on the stage in the Ramsey solutions lobby. we have a very special guests on the debt-free stage. if you didn't know, money problems are the number one thing that stress out employees and team members at your company. and if you didn't know, we help companies big companies and small companies with that by providing an HR benefit to them called smart dollar that allows them to have their team members go through our curriculum. it's kind of like financial peace at work sorta, but a little different.

but I mean it's us teaching you how to bid on budget, how to get out of debt. I live on less than you, make all that kind of stuff and and it's fun it's taught by me and George and Rachel and so on, and so it's pretty incredible. one of the companies that has had all of their team go through smart dollar and provided it to them as a benefit at no cost to the employee, is you all. you all is a great company. by the way, we've got a lot of interaction with them over the last couple of years.

they do a great job, and so for you all, team members, that's translated to a combined 6.7 million dollars in debt paid and in dollars saved. that means that those team members are not stressed about money. so while they're at work, they're thinking about work instead of MasterCard. tada, productivity goes up. that's how that stuff works.

so this is the deal. so all of that to say, our debt-free scream is from a U-Haul team member, and that's Chris and Jessica. where do you guys live? Elk Grove, California. okay, so you're not in the home office.

home office is Phoenix, right, correct, okay, cool, how long you been with U-Haul? 23 years, Wow, that's a long time. so they come in and go, da-da-da-da, smart dollars here. had you ever heard of us when they presented all this? no, I have not.

oh so it's all brand new. yes, so company benefit, which kind of could be like a little bit of an eye roll, a little bit like what is this? what are you guys? you know snake oil. that's what I would do, right?

did you do that a little bit? that's what I did. I like someone with the gift of cynicism. good for you, but you gave it a shot anyway. but you gave it a shot anyway.

so Chris says okay, company's providing this. it doesn't cost anything. we might as well try it. what'd you tell her, Chris? I was at a conference when I learned about it, and so when I got home, my bright idea of let's get out of debt when she's the one that does all the books.

so I come home with a great idea. now you're a genius. yeah, okay, and she kind of looked at me like, no, you don't know, you're talking. yeah, stay away from my stuff, I got it figured out. yeah, so how did y'all decide to actually take the class?

um, it was more of me watching YouTube, listening to the podcast, getting her stuck in the car to listen to it as well. so you kind of sampled some of our stuff in the market and then that enabled you to plug back into smart dollar at U-Haul. yep, okay, very cool. so, Jessica, what convinced you to actually try it? at rather actual smart dollar thing, which you're watching YouTube, listen the podcast, or what happened?

it didn't cost anything. so what could it hurt? ah, except that they might have some weird ideas. probably not you and I are both smart. but yeah, we're.

at least we're not. at least we're not because, I'm bet you, we were on the same team, weren't we? yes, we.

that was about seven thousand remaining and seventy three thousand in credit cards. Wow, the credit cards were kicking your butt. yep, yes, did you sell the rental house or we sold it? sold it March of 2020. whoa, that was my birthday present.

drop on the timing. yes, Wow, thank you, Jesus. oh my good, my prayers were to be answered. it was that day because the people that were renting the home were in the restaurant industry industry, oh yeah, which means they lost their jobs in the pandemic. yep, oh, my gosh.

so how long did this take to pay off 291? no, they sold. us. house was 180, right, so you had 75 in credit card debt and then you had to plow through the other. how long did it take to pay off that other debt?

the remaining 21 months, 21 months. good for you. good for you. well, because you haul, all of you, haul, is going through this. we're gonna treat you all like we treat a Ramsey team member when they're doing their debt-free scream.

we're not gonna ask your income, because all your buddies are gonna be watching this and they're gonna go. I know what Chris makes now and we're not doing that. so we're gonna give. we're gonna give you a little, give you a little break on that, but congratulations. what do you do for a living, Jessica?

I raise our children? yay, awesome, yes, full-time domestic engineer, I love it. good for you, CEO. so now that you went through smart dollar and you pay off 291 thousand, including the sale of 185 pay off travel trailer and the credit cards by the hard way, well, I guess probably got a little equity out of the rental right to throw at it about 43,000. okay, so that jumped up some of it and then the rest of you just budgeted through it.

right, what do you tell people? the key to getting out of debt is cut up your credit cards, but just really cold turkey, no plastic surgery. yeah, a lot of that. just seeing it on paper and really getting sick at how much we had and going what. what did we buy?

yeah, like, where is all this? yeah, so, it was just. it was freedom. finally getting the app, using a budget and seeing your money's actually going somewhere that you don't want it to go. so they every dollar app?

yeah, yeah, okay, getting that transition to putting it where we actually need the money to go, versus the restaurant here, Amazon, their target whatever by getting on the budget and actually knowing where every dollar goes, allowed us to kind of get a raise. as we cut one credit card, we have more money and next thing, you know, we're just rolling and kept that snowball going.

so there's some timing. yeah, yeah, yeah, Wow, we got to write those. I mean we get to write those checks. now it's excitement with zeros on the end. yeah, opportunities.

so, Chris, what do you do at U-Haul? I'm a marketing company president, so I oversee the region of all the U-Hauls in our district that I work in. I got you, okay, cool, and you've been there 23 years. how many team members of U-Haul have total? I believe about 40,000.

okay, yeah, pretty substantial company to say the least. I mean we all think of it as the truck or the trailer. yeah, from the consumer viewpoint, right, but it's a big dead cup company. yeah, so, as a leader then, 23 years in that company, you've now personally experienced this. you're able to concentrate on work because you don't have two hundred and seventy one ninety one thousand dollars worth of debt hanging over you and you're now congruent with your spouse.

you're working together mm-hmm instead of her doing it by herself, right, and then you're trying to figure out what's happening and and her wishing you would have helped and all that stuff right. so now you, so you see the benefit personally. but I'm curious because I don't get to ask this very often. sometimes, when I'm doing something in leadership, I personally get to experience it, like you have, but I also immediately see, if the person downstream does it, how it's going to benefit them and benefit the company right, because they actually think. do you see that the stuff we've been talking about with productivity and I did, some of the team members getting that, getting their lives back?

yeah, because we're able to focus more on what we're doing at work versus at home. I'm able to talk to my staff on different things with my team, on ways that they can better their personal life, because you get to know all of your team members and get to know about their family, kind of their financial, if they're talking about going to buy a car. or I gotta leave early, I got to go do a refinance, or I got to pick up a second job, that kind of thing. yeah, at least you got a place to go to discuss it. you know way to go, you guys, we're proud of you.

thank you very cool, and our salute to the U-Haul leadership team for letting wonderful people like Chris and Jessica go through smart dollar and paying off two hundred ninety one thousand dollars in debt. count it down, let's hear a debt-free scream three.

we're debt free!

whoop, whoop, whoop, whoop, whoop, whoop, whoop, whoop.

if you aren't winning physically, I promise you're limiting your opportunities to win professionally. folks, I know you're going hard right now to pay off debt and get ahead professionally. you need another gear, and that's why Balance of Nature will help you. they help me. they give me the benefits of fresh whole fruits and veggies in just seconds.

the blend of 31 different fruits and veggies is powdered in an advanced process that locks in the nutrients. so go to balanceofnature.com and enter the promo code RAMSEY to get 35% off your first order and lock in a lifetime price as a preferred customer. that's balanceofnature.com with the promo code RAMSEY for 35% off your first order.

Nick is in Greenville, South Carolina. Hi Nick, welcome to the Ramsey Show.

so the student loans just started my first payments last month, wanting to know should I do the snowballs, should I tackle it with an avalanche method, and how to go about doing this, all the while properly preparing for tax season, because I'm the independent contractor.

I'll be able to have 18 months out of my two-year program for my master's still covered under the GI Bill due to how I did my schooling, and I will have to do one semester out of more student loans. Okay.

the questions you're asking and the statements you're making. so what I discovered and we have discovered years ago is the fastest way to financial peace peace in your finances. the fastest way to wealth is to avoid debt at all cost, because your most powerful wealth building tool is your income.

and when you commit it all to Sally freaking, May you destroy your peace. and that's why you're calling us because you don't have peace right now. now, when you restart, will the student loans go back on deferral?

oh well, by the way, almost everyone had a job when they were in college. almost everyone worked when they were in college. some were smarter about it, made more than others, but almost everyone that went to college worked. I did. I worked 40 to 60 hours a week when I was in school.

okay, back when the dinosaurs roamed the earth, but but anyway. so nothing wrong with working. you can work and you can do a a master's degree in psychology, and I have no problem with your goal. you're going to need the masters to get licensed if you're going to move into therapy, if you're going to move into counseling in most states, including South Carolina. so you're going to have to get the masters it's permission to play it's table stakes.

so you know, go ahead and do that. let the GI pay for it and, by the way, thank you for your service in order to get the GI. as a taxpayer, I'm more than happy to pay for your school in return as a way of saying thank you. so you go, do that, but, by God, get your tail in gear and pay for cash for that last semester that you're talking about. that's hanging out there, that dangling semester, and, by God, get enough money in that.

you have bologna in the house and you have bologna sandwiches. if not, you eat a wish sandwich, two pieces of bread and wish I had some meat. okay, we're just going to do whatever it takes to get through this with no debt. you following you, following my intensity here. okay, because debt is a behavior thing.

you kind of outlined that a little bit in your process. so your first goal right now is kind of a physician's goal do no more harm. your first goal is finish your masters. no more debt, that's more.

the reason is the debt avalanche normally doesn't work.

because you're in psychology, it's a feedback loop. okay, when you pay off the smallest debt, it encourages you. it's like going on a diet and I lost weight. the avalanche is, I go on a diet and I gain three pounds the first week. I'm getting no traction.

I get no positive feedback loop to encourage me emotionally to stay engaged in a difficult behavior change.

it's the rat pushing the lever needs some freaking cheese hello, that's all we are. and so the reason the debt snowball works is feedback loop. it's not the math. it's mathematically incorrect because we're paying it off smallest balance to largest balance, regardless of the interest rate. but the difference is mathematically.

it has a much higher probability of completion and the debt avalanche has an almost zero probability complete of completion because there's no feedback issue. there's no feedback loop, and so the feedback is so long that no one stays engaged and so the mathematical probability of completion goes down. so overall, technically speaking, if you want to get really nerdy about the math when you build in probability of completion, the debt snowball is actually mathematically more correct than the avalanche. but you know, now I'm getting real nerdy on you.

it's a little bigger. I can knock the next one out, it's a little bigger. I start freeing up these payments, they start making traction and eighteen months later I was debt free. I don't know that I'd be saying the same thing today if I had used the avalanche method.

work the debt snowball. but truthfully, I don't expect you to make a lot of progress on it in the next two years, because your main focus is for Nick to graduate with no more debt of any kind and live on. you know, make enough money to live on and finish that last dangling semester on the end there, the dangling semester. I like that could be like a blog, but yeah, but the yeah that that you can do this. Nick, I tell you what.

we're going to send you a copy of the book, the total money makeover, which is my best selling book ever. it's about 10 million copies out there. it'll show you exactly how to do what we're talking about and you can play through and.

live from the headquarters of Ramsey solutions. it's the Ramsey show where we help people build wealth, do work that they love and create actual, amazing relationships. George Camel, Ramsey personality, is my co-host today. he's also the co-host of smart money, happy hour and the host of the vastly popular YouTube channel, the George Camel, with a K-A-M-E-L channel, and it's full of snark and fun and humor and basic really good knowledge that helps you attack everything out there in the money space where people are telling you lies to get your money. we're announcing today George's brand new book breaking free from broke, the ultimate guide to more money and less stress.

it is on pre-sale. starting today, the book will actually pub on January, the 16th, which means that's when we'll mail it to you. in the meantime, we're going to have it here for sale, and that includes a whole bunch of goodies. whenever you buy the book now or later, you'll find a QR code or six internal. that'll help you sign up for a free three month run on every dollar premium.

that does the bank connectivity and does the whole deal. that's a nice value in and of itself and that makes the book worth purchasing. if you pre-purchase it, of course, that's included. you're also going to get instant access to George's newest talk. show me the money.

exclusive access this fall, before Christmas, to an online private event, including a Q&A with George. we're talking about an online financial event. helping you with your money includes the audio book and the e-book, which will come out in January simultaneous with the book, George, congratulations.

make it simple, make it fun. this is everything you wish. you learned about money, but never did, and the team has done such a great job.

destroying some of this TikTok stuff that's going on out there the cryptocurrency garbage, the whole life garbage that's come back. the nothing down real estate stuff. that's. come back the idea that you know you're going to get rich with credit card, airline miles and all this stuff. you go through line by line by line by line by line, and help people break free from being broke, and you address every one of the lies that are out there in this toxic money culture.

we had it towed to a shop. the shop said it was due to lack of oil. they said contact your insurance, contact Valvoline and file a claim. our insurance company denied the claim because they said it was because of maintenance lack of.

the the mechanic has given the expert has said the car blew up because it didn't have enough oil right after you went to the oil place. okay, this is not that difficult an equation. right? that's what I thought. okay.

from a legal perspective, it's not okay. so now Valvoline has to decide if they want to spend $25,000 in legal fees because you're going after their throat, or if they want to just fix the car, which is what they should do. and the way they decide that is, you sue their butt and then they look down and go oh this guy, serious. so what you need to do is call the store manager. I assume you've already had a discussion or six with him.

yes, okay and say I need your legal department for my attorney to get in touch with, because I'm getting ready to sue you personally. I'm going to sue the guy who didn't put the plug in. personally. I'm going to sue the store and the franchisee personally, and I've already trashed Valvoline in front of 22 million people on the Ramsey show, and this is going to get worse for you guys.

well,

you need to get your dad your money out of, because what you're describing is a very clear base.

if recent times have shown us anything, it's that the least expected events can and will happen, and we have to deal with them. that's why everyone who has a family counting on them needs term life insurance for over 25 years. the only company I've recommended is Zander insurance. that's because Zander is a broker that works for you. they search all the top term life plans out there and find you the best rates and make the process of getting coverage quick and easy.

you can apply online or over the phone in just minutes, and they offer plans with super competitive rates that don't require a medical exam, making it faster and simpler than ever to get the coverage that you need. I trust Zander for all my insurance needs, and you can trust them too. don't put off getting term life insurance until it's too late. go to Zander.com or call 800-356-4282 for a fast and easy quote today. that's Zander.com or call 800-356-4282.

George Camel Ramsey personality is my co-host today. open phones 888-825-5225.

888-825-5225. Jacob is in Fort Worth, Texas. hi, Jacob, how are you?

it's not. it's not permission to play. they're not going to teach you anything in that degree. that's going to be earth shatteringly different. the business principles that you are already aware of function in the music business as well and the business of music, so to speak.

so you know, if you're coming out of school as a kid and you're 22 and you want to go into the music, the business side of the music business, than a music business degree might be. but a business degree also would just do it. you don't have to know anything about music, you just got to be able to do business. so

and the thing is, you don't get joy from that. anyway, what you get joy from is actually producing right.

so no, I wouldn't do it. I wouldn't do it because I don't think what you do need is you do need and what you're willing to engage in is to increase your knowledge base. but a degree is not necessary if you want to go audit some classes on accounting and marketing and you want to take a few business. if there's a local curriculum that has a music business, actual subject matter, and you want to take a couple of those classes, that's fine, but that's far different than engaging in a full degree program, and that's all that's necessary. put some tools in your belt that you don't have in your belt now that enable you to take those next steps.

but the sheep skin, the actual degree itself is not the door opener. the knowledge is the door opener.

you see the difference, like five classes instead of 30.

is the difference.

and even in those classes you're not going to learn everything. you need some of it. you're just going to get your foot in the door and you're going to learn and be mentored by whoever's leading you in that particular area. but I don't sense that you're wanting to run a record label.

I wouldn't let somebody come to work at my record label in the leadership team because they didn't have a music business degree. zero times have I heard something like zero. it's more like can they get the crap done? you know it's like any other small business arrangement and so can you actually be effective. and if you need some more knowledge to be effective, get the knowledge, but do not take the time out of your life to go collect more degrees.

that's not going to make your life better. I wouldn't do it. thanks for the call. open phones at 888-825-5225 Josephson, Grand Rapids. hi, Joseph, how are you?

and what did you gain? huge pile of money and peace of mind while baby's on the way.

George Campbell Ramsey personality is my co-host today. thank you for joining us. America. if you didn't know, money problems are the number one thing that cause divorce in America today. money problems are the number one stress point of the team that you work with at your workplace.

and if it's a if your personal money problems are a stress point, meaning MasterCard is bothering you. you're worried about your car being repo'd. you had a big fight with your spouse about money. that means when you're at work you're thinking about that stuff instead of work, which is a productivity issue, hello. so lots of great companies around America have decided to address that.

we coined the phrase a decade and a half ago financial wellness. and now financial wellness is quite the craze in the HR world. to help their team get financial wellness, we have a product called smart dollar, where companies buy our curriculum to teach their teams how to handle money. they furnish it to them as an HR benefit, and lots of great companies across America have done that many, many big ones and many, many, many, many, many small ones. and so we're thankful for that, because what happens is when the team goes through this, they're less stressed about money and their productivity goes up.

they're concentrating on work at work. one of the great companies that does that is U-Haul. U-Haul, if you didn't know, is a massively large company, wonderful company. we've done a lot of business with them for a lot of years, and so today we're kind of having a U-Haul day around Ramsey because we've got a lot of the U-Haul team members coming in to do their debt free scream because they've been teaching smart dollar for many, many months now, and years for that matter. so over 6.7 million dollars in debt paid and dollars saved within that one company due to the company furnishing this as a benefit to their team.

financial wellness with smart dollar on the debt free stage are Gary and Teresa, good old U-Haul team members. hey guys, how are you? Doing? great Dave, how are you? Better than I deserve now?

where do y'all live? Phoenix Arizona. So you would be in the home office. Yes, sir. Okay, very cool, very cool.

and which one of you is working for U-Haul? That would be me. That would be you, Gary. how long have you been there? Going on 15 years.

Wow, long time, team member. excellent job. okay, how much debt have you paid off? $37,500, and that was a car and a credit card. very good.

how long did that take? About 28 months. Good for you. what do you do at U-Haul? I'm a business analyst with our U-Box, which is shipping containers that are dropped at your house.

you load them up at your leisure, we pick them up and then we'll deliver them from point A to point B. we'll store them whatever you want. ah, gotcha, good ad, well done.

this is our second marriage. we're a blended family. we're going on 19 years. wow. and one of the things that we, when we first got married, we wanted to keep open our finances together and we got introduced to Financial Peace University.

and then, when Smart Dollar came to U-Haul, I just became a champion and a cheerleader for it. so, Teresa, when this showed up at his work, you already knew about all of it, right, I knew about it and I knew what we had done in the past with Financial Peace University as well. so that was another. so that's why it was only $38,000. you'd fallen off the wagon a little and just had a little clean up to do.

on the advice of counsel. I'd like to plead the fifth.

she counseled you not to put your foot in your mouth.

exactly, and that's what it is. and you know, we just got back on it and every company needs to have Smart Dollar. it just is phenomenal. the people at U-Haul that have embraced it, you know, now I have. somebody came to me the other day and they said I can breathe now it's just absolutely wonderful.

and Teresa, you know, when I was talking with her, she just said it's so exciting and the way it's set up, it's so easy to follow. so, Teresa, did you go back through the Smart Dollar thing when he started doing it at work a little bit. so you all worked on it together again. it just brought it back to. for you guys, it was a review more than an introduction.

and also different partners with it. you know trying to go through it before, when I was by myself after my first marriage, you weren't married. when you did it before, I was married the first time. you two weren't married when financial piece together, so that makes a lot of sense. that's a whole new set of eyes to look at it now.

very cool. that's amazing.

the key to getting out of debt is budgeting. spend less on what you make budget persevere. push on through.

every company should get this smart dollar. it just it makes the difference, because people see I can do this, I can live it. and then at the end of the day, like George said, I'm not thinking about how am I going to pay my minimum payment and I'm going to have to get a cash advance. and what am I going to do? and then how am I going to go home and face my wife?

you know, I think U-Haul has Gary in the wrong seat as a business analyst. he's quite a pitch.

and all kidding aside, we're thrilled with partnering with you guys. you're a great American company and I'm thrilled that, on an individual basis, that you guys are able to win and take this new step in your second marriage here and have a whole different level of peace and unity there. that's very cool. we're proud for you, thank you. can we make one shout out to the grandkids?

they're the best in the world. sorry, Dave.

our grandkids, Charlotte and Ensley. that's just, you know. we would have been much nicer to their parents. to borrow your line, you know, if I'd have known how great grandkids are going to be, I'd have been nicer to their parents. oh, absolutely yeah.

we're getting ready to keep the smallest one over the weekend. so we're bracing ourselves, and so is he. prayers for you, lots of prayers. it's a battle I will win. so, way to go, Gary and Teresa, and you whole gang, excellent, excellent job.

$38,000 paid off in 28 months. it was a review. it was a real process to restart and to reinvigorate some things in their lives. way to go, guys, count it down, let's hear a.

so I'm glad we're bragging on.

um. he owed about $32,000 or I should say we owe about $32,000 and he's been behind on the payment. um. I've been denied for two personal loans um for the difference of the vehicle, um due to my debt to income ratio. so I'm really trying to figure out how to get from under this car um completely.

well, it sounds like he can't afford the car.

I went to two credit unions my personal credit union and then the credit union that the car is financed through. but they set my debt to income ratio which is just too high in order to approve the loan.

if you have to take the car back and repo it, you're going to be unsecured for even more than that. this is you telling the manager this. you following me, and so I are asking you to allow us to sign a note for the difference. the amount that the car won't bring gets the strain off of your bad loan, off of him, my boyfriend, and all you're doing is admitting that this loan is only partially collateralized.

he already doesn't have a collateralized loan because the car is upside down $13,000. you follow me. just explain that to him. sometimes you have to say that out loud, because sometimes a credit union manager hasn't thought this through, and if they thought it through, then they would go. oh, I have a much higher likelihood of getting my $13,000 amount that were upside down if I let this guy out of the $19,000 by selling the car.

because the $13,000 is not collateralized anyway. then we've reduced your problem to a $13,000 problem. and then you and said boyfriend, take six jobs and pay off the $13,000 before you pay off anything else and never sign a loan again with someone you're not married to.

see, I didn't yell. did I? I did good.

and you guys have not had this discussion and he's being a little boy and hasn't admitted it yet. he's doing harm to the person he claims to love.

you.

because he can't pay the bill. we know that because he hasn't been paying the bill and it's messed up your credit.

am I missing something?

he makes about $55,000.

so where's his head on this? what's he going to say?

I think we need to cut down to beans and rice and take two more extra jobs and sell everything in sight and get these messes cleaned up. if I were in you guys shoes, that's what I would do. but this is just. this. horrible experience for you and for him for that matter, has been your old wake up call.

we just made a mistake and, Lisa, if you were the only person who ever made a mistake about a car or cosigning for a car in America, George and I wouldn't have a job.

that's what happens a lot with these things. and so Proverbs 17 18 says one lacking in sense, signs a loan for another. the new contemporary English version says it is stupid to co-sign.

he got to pay it and I had to go back and pay him back later. but his wife is still pissed.

that becomes hurtful rather than a blessing that puts us out of the Ramsey show in the books.

live from the headquarters of Ramsey Solutions. it's the Ramsey show where we help people build wealth, do work that they love and create actual, amazing relationships. thanks for joining us, America. George Camel, Ramsey personality co-host of the Smart Money Happy Hour podcast with Rachel Cruz and host of the George Camel YouTube channel, is my co-host. today and today we are announcing the pre-sale of his first book, Breaking Free from Broke.

the book will come out in January, on January 16th to be precise, and pre-order starts today. you get $100 in free bonus items, includes the audio book, the e-book that you'll get at the time, but guess what? if you order now, you also will get today a copy of Instant Access to his newest talk, Show Me The Money and exclusive access to an online private event with George talking about the money issues and a Q&A with George as well, and we haven't announced the date on the online private event yet, right?

I think some older ones will like it too, but especially if you're like me and you like Snark, you'll love it, but it's like a financial piece for this generation.

now they're $40,000, and I try to just be the middle man between you two, between the audience and Dave. going, I get it, I understand. here's what we can do about it, because the times have changed. it feels harder than ever to get ahead financially, but I'm telling you, the principles still work to this day. the baby steps still work if you don't screw it up, and I show you how to break free from that system that we've been chained to with our American consumerism, and I hope it's a plan that helps millions of people.

Well, it does not. it does not add any value to move it to your name, you can't pay it.

You don't make enough.

You're struggling to pay your $27. Am I missing something?

If you call me and you said I'm making $100,000 a year, I'm about to knock this $27 out in a heartbeat and I'm going to take this $80 over and knock it out for mom and dad. I would tell you just to pay it while it's in mom and dad's name and take the mathematical burden off of them, but no reason to legally put it in your name, it doesn't serve any purpose. go ahead and knock it out. But in your case you're going to have to work on your career side or your income side to be able to address the $27 before we can even talk about helping with the $80.. Unless I'm missing the math, am I missing something?

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 have 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, so hurry and reserve yours with a $600 deposit today at RamseySolutions.com slash events.

George Camel Ramsey Personality, is my co-host today. Jeff's in Jackson, Mississippi. Hi, Jeff, Welcome to the Ramsey Show.

We want to get the house. We definitely want to get it back.

and how would you advise on maxing out, aggressively paying on the principal of the loan to try to pay it off in the first 10 years versus maxing out like 401ks and mutual funds, the best way to proceed with?

the grandparents house up and either my sister might move into it or my mother's getting older so she might move into it to help keep it up and possibly sell their house that they're in.

The narrative is, and I've heard it a lot in my life of doing what I do. The narrative is, it doesn't matter what it costs or how stupid it is, it's family land and we have to keep it.

That's in your story all the time, And I'm not sure any of this completely goes over into the stupid zone, but your.

inability to, I mean 1979 is not exactly legacy property on an acre and a half. I mean that's not like 1879, That's 1979.

need to protect. the family's nostalgia seems to know no bounds, and that scares me for you, because it's going to lead you into some stupid butt decisions before this is over. You're not quite there with this. The numbers on this, don't scare me. It's the.

It's the analysis that scares me, and that's why I'm calling you out on it just because I love you And I want you to win, because I mean.

There's going to be another thing. come up and then there's going to be the property adjacent to the acre and a half that's going to come available, the old 40 acre track. and then what are you going to do? And then there's going to be another thing. come up and then your sister's living in it, but you own it and it has to stay in the family to a dysfunctional level, and it's just real estate.

It's not your family's DNA. It's just real estate and so.

I'm nostalgic, and the older I get, the more nostalgic I get about certain types of possessions and things that have been in the family over the years and that kind of thing. I want to hold on to them. but real estate is a very tough one to do that with.

My grandmother inherited from her grandfather a family farm. during her lifetime, she and my grandpa subdivided the family farm, sold it off as subdivision lots, leaving only about a four acre track and an old family farm farmhouse that had been in the family three generations. at that point, when she passed away, my parents generation, her kids, sold it because none of them were going to live in it, none of them lived in the same town. they weren't holding on to it for posterity, and so I'm not fussing at you, Jeff, I'm just saying, man, the way you're working your way through this it's um, you're setting yourself up for potential problems.

that's if you told me the property is 2.5 million and you were never going to be able to pay it off, but you had to do it because it was family, then I would just say no, you don't. I just say don't. but I think you can afford to pull this off. I hate to see you go back into debt because you kept a 1979 piece of property, again 1879. maybe I might get a little bit more emotional about that, but 1979.

Mick Jagger was already old in 1979. it's not that long ago, so Jamie.

is in Pittsburgh? I guess yeah, Jamie's in Pittsburgh, hi, Jamie, how are you?

well, there's going to be a lot of pain.

and she's probably not going to be able to pay the credit cards.

right?

does she have a house payment?

the car's got to go or repo it. one of the two volunteer, but she doesn't pay any more car payments. she can't afford this car. they deserve what they get for selling this lady this car. oh what a mess.

I'm so sorry, Jamie.

hey folks, there's a lot of half-baked investing advice out there, but here's what you can do to get more confident about this stuff. check out the smartvestor program. smartvestor connects you with local financial advisors who have the heart of a teacher. they'll help you level up your knowledge and build a retirement plan based on your goals, not theirs. go to ramsysolutions.com slash smartvestor to get connected and get more confident about your plan.

that's ramsysolutions.com slash smartvestor.

major companies all over America do this as a benefit for their team members and minor companies do this for their team members. people with 100 team members, 1000 team members and, in today's case, 40,000 team members, with a great American company called U-Haul. that's pretty amazing. I think of U-Haul as really these nice little trucks, 40,000 people working there, that's a lot of trucks, man, it's incredible, but it's a great company, it's iconic, it's apple pie, Chevrolet, U-Haul. it's almost like Kleenex.

if you're going to move, you say U-Haul right? and so it's been a part of our vernacular for a bazillion decades. so we're real thrilled that U-Haul has had their entire team go through smart dollar, offered it to smart dollar to them, and we're doing debt free screams with some of their team today, Eric and Elda are up next to do a U-Haul debt free scream. where do you guys live? Phoenix, Arizona, which would be the home office?

Yes, sir, awesome, what do you do at U-Haul? I'm a project manager and Elda, what do you do? I work for Arizona State University in the registrar's office. very cool ASU, I love it. Phoenix is a great town, sounds like you guys got a great life there, congratulations.

welcome to Nashville. how much debt did you pay off in smart dollar? sir, we did about $100,000 in 36 months. good for you, alright well, since a lot of your U-Haul friends are listening and watching and hanging around, we're not going to ask you your income because they'll go, oh, that's what Eric makes, hashtag awkward. who knew, yeah, that'd be weird.

so we're going to let you off the income side of things, but $100,000 in 3 years, so you're averaging $33,000 a year, about $2,800 a month going towards this, that's substantial. what kind of debt was that? oh, you name it, we were normal credit card student loans, some medical.

car loans, furniture, we bought furniture, you know. so U-Haul put this in about 3 years ago, the first time, right? I mean it's still there, new team members or team members that haven't done it yet can still do smart dollar, but you jumped in 3 years ago when we first did it, right? we did, ok, and so, Elda, he comes home from work and goes, hey, work's doing this thing. I can hear it right now.

that had to be a little awkward, right? it was very awkward. I'm like, ok, what is it, and what are we doing? what's going on? another HR benefit eye roll.

only this one actually is a benefit. who knew?

this $100,000 is like having a backache I can't get rid of. oh, it was crazy. Dave, there was times in our 21 year marriage we had 12 cents to our name 12 cents and I was like, you know what, normal isn't working for us, we have to figure out something different, exactly, so what was it? you guys learned in smart dollar that caused you to be able to pay off $100,000 in debt, what's the key? discipline?

oh, that sounds dirty. yeah, I know, it's crazy. well, he's a Marine Corps vet.

we sure did. it was like burning debt. so instead of cutting them up, we're like, alright, everyone to the backyard, let's go ahead. we're going to the fire pit in the middle of Phoenix, too, so it was July in Phoenix and we're burning stuff in the pit. whoa, the neighbors are going.

hey, look over there, they lost it. the neighbor looks over. okay, okay.

love it, way to go.