Quit Trying To Calculate Your Way out of Debt!

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. The phone number here is 888-825-5225.. Number one best-selling author and host of the Dr. John Deloney Show. Ramsey personality, Dr.

I'm good. How are you doing?

Better than I deserve. What's up?

Hey, I got a question. So, I sold my rental properties as a bit of a... I was under the belief that it was a passive income, and it really wasn't. So, we got out of it at the right time, I think, and right now...

You mean you had to actively manage the rental property?

Yeah.

You mean the tenants don't just do what they're supposed to do all the time? I'm shocked.

They were calling me, and I.

Yeah, and they wanted, like, repairs done and stuff.

Anthony, I just have to disagree with you. I've watched plenty of TikTok videos. I think you're out of line here.

That was sarcasm, Anthony.

It is a passive income. I also watched a lot of TikTok videos.

It's sarcasm. I'm glad you realized it. So, you sold it, Anthony. I'm sorry. And go ahead.

Your question. I also watched those TikTok videos, which got me into it.

That's our point. Yeah.

Okay. So, I have $240,000 coming in, and I have fully stocked emergency fund. And we're giving money. We have our, like, we call RESP for my kids' education.

Do it. Do it.

But, like, okay, so you're so focused right now. I know that...

What are you going to do with the money if you don't?

Invest it.

Okay. So, it's like borrowing $140,000 on your house that's paid for to invest money.

Yeah. But I just... I keep looking at, like, since we are so focused on the...

If you're focused, pay it off.

And we have $40,000 in retirement. Yeah.

Pay it off.

But the.

Yeah.

Yeah. Yeah. Is that on TikTok, too?

Yeah. Your compound interest calculator never met a millionaire, because let me tell you how it works in the real world, okay? In the real world, as we studied the largest study of millionaires ever done, 10,167 of them, none of them, precisely zero, said, we became wealthy by borrowing on our home to invest, and compound interest calculator, zero, zero, zero, not one. The same number of millionaires that said, they got rich with airline miles using their credit card, zero, not one. The same number.

And hold on. I wonder if... Dave, I wonder if he has created this new identity that he's a go-getter, and he just can't picture himself... Some people create chaos because they don't know how to exist when it's peaceful. You have to learn.

I think he's honestly analyzing it like he did when he bought the passive income.

Okay.

He's just wrong.

He's just wrong, like he was with the passive income.

It's okay. Yeah. That's how I... I've learned a lot of stuff when I was wrong. Sometimes I'm wrong, but not as much lately, but...

James, will you clip that real quick?

I used to be wrong a lot more, but I'm not wrong as much anymore, because when I was wrong, it hurt, and I quit doing that wrong stuff. I mean, it's like that. So, and for those of you listening, Anthony was making fun of it, and we were too, in case you're missing the point on this. Anyone that tells you that real estate, and I own, I don't know, $600 million, $700 million worth of real estate. Anybody that tells you real estate is passive income is absolutely full of crap.

Can't make that up.

It's just, you know, there's no way you can get to passive in real estate. It's great investing, but it's anything but passive. I own a bunch of it. I believe in real estate.

Where does that story come from? I hear it everywhere.

It's the same.

We have food at home.

We have food at home. We have better than I deserve. t-shirts and yetis and hats. We have live like no one else, tumblers, in case you want to tumble. If you carry that around, you will tumble over, it's so big.

Maybe the worst pitch I've ever heard.

Sales job that has ever been done.

I would like to say, America, if you have recently bought a shirt in a flea market and you are not happy with your purchase, write into the show. We'd love to hear from you.

We will holler right now and we'll get you a better than I deserve replacement. And yeah, I, just, if you got 20 bucks, I would rather you buy like John's book, because that'll change your life, right?

There you have it.

Or you bought my book and that'll change your life, right? But if you, if you got money and you want to say that you're debt-free and better than you deserve, and you got food at home and that kind of stuff, we got shirts that'll help you do that. And all at RamseySolutions.com slash store.

And you can wear it while you're doing your side hustle to get out of debt.

It just had, yeah. And you know what? And you could do like DoorDash and where I've got food at home. That's that's, that would be, that would be oxymoronic.

There you go.

Yeah. That would be screwed up. Yeah. Probably cost you. If you wear a better than I deserve.

Ooh, I like that.

It was like code. It was tribal code.

Let's bring that back. I like that. Okay.

If they're wearing a better than I deserve hat.

If they're wearing the clothes, you have to triple the tip. If they just say better than I deserve, you've got to double it. There you go.

I like that. There you go. Cause you got to pay for their t-shirt. That's it. That's it.

I'm wearing the shirt and it's comfortable. That's all you need to know.

It is comfortable. It's very, they're very comfortable. I can't wear them, cause that's like really weird. That'd be like wearing a shirt that says my name is Dave and I'm great, or something. I mean, if I wear a shirt with my own sayings on it, that's like, you wear that shirt.

Hi, Dave. Good. How are you guys?

Better than we deserve. What's up?

I was just wondering, um, my question essentially is, um, how do I, I'm just looking to see how I can get, use my extra income and set myself up for finance for the best financial future I can. I'm 22.. I just graduated college last week, um, with a public health degree. So I'm really excited about that. Um, and my, like I had, I rent here in San Diego and, as you know, it's duper expensive.

Did you get your big girl health, uh, public health job?

Not just yet. I'm still, I currently serve on the weekends to help with my extra money. And then I work with the, I'm working with the city, but it's still a minimum wage, you know, 35 hours.

Now, so where's the part where I'm excited about the degree?

I know, uh, hopefully using it to, in the future, I, I mean, it's the exciting part of the degree that it does pay well, but it usually requires a master. I'm hoping I could pay for that. I have no debt. I paid, my mom helped me through college and I paid half of it too.

Thank you. I would go get a job in the next six weeks in your field that will pay for your master's as a part of their benefits package.

Okay.

Okay. How much money you have in savings?

4,000 in cash and 4,000 in a savings account.

Okay. All right. I want you to build an emergency fund of three to six months of expenses. In your case, 10 or $15,000 that you don't touch for anything but emergencies. And then let's work on the career side of this equation, to where you're not making minimum wage and serving.

Agreed.

Yeah. The 30 year old you needs you to, that needs the 22 year old you to have a plan.

And you've got the cart way before the horse. right now. You gotta get a job.

Yeah. Yeah. You got to get your income and then get settled into that 401k rhythm is a great thing to do. And then start saving above your emergency fund for your first home purchase. And you'll be well on your way to wealth building, but it's going to be dependent upon your income.

Right.

They do all the time. You say that, like you, don't believe me. They believe me in your world. They do it all the time.

I just, I get a little nervous because I feel like with the masters, I get, my mom really wants me to do it now. She's like, we could budget for it. It's okay. It's a small load. But I don't know.

Or just go get a job at the university.

Why don't you go get a job at the university and let them pay for it now? I'm not suggesting waiting 10 years. I'm suggesting doing that in the next five or six weeks.

I guess I never really looked into it.

That's what you need to do, kiddo.

And you can get one in your field, but you can also go get a job at a local university and they'll have some sort of tuition reimbursement program and then get yourself a master's there. And they'll get an employee that they get to keep for two to three years. And you'll get your master's degree paid off. It's a great-.

And it doesn't need to be a big fancy school. I mean, the cheapest possible school in your area, you know, that would hire you to mop the floors and give all their employees free tuition, or hire you to be a graduate assistant.

Or a resident hall director. You get your housing taken care of too. And all this is going to come at a cost, but you end up with a master's degree in a public service field and you don't owe anybody any money. Then you can actually do real service without wondering where you're going to sleep at night.

And you can start on it next week without having to budget out of your mom's stuff to pull it off. Yeah. You need to be thinking about your career that way, rather than, I can't do my career until I get a master's. Instead, integrate the getting of the master's into your career moves. That's what we're saying.

I did it.

Yeah. Oh, you did it.

I did that.

Oh, yeah. There's that. One of the PhDs.

I worked at a university for my master's degree.

Both haven't paid for?

No, I paid for the second one. But my master's degree, I worked at a university and they helped. And then the PhD, yeah, it was largely taken care of with tuition reimbursement program at the university where I worked.

That's a pretty standard thing. And that actually happens, by the way, boys and girls out there. in medical school too. There's MD, PhD programs that they're very hard to get in. But, if you can, Duke has several, for example, where you, again, work on campus, you're a TA or a GA, and you're working grading papers and other stuff while you're doing your work.

Or if you have an associates in nursing, your hospital may pay for you to get your bachelor's or help you to get your-.

Your RN.

Yeah, whatever you need. So it never hurts to ask that question or to really scour the earth, and you might have to move. You might have to work at a different school or work at a different hospital, whatever. But always ask that question, and you're thinking about the five year from now you.

The alternative is wait tables and work minimum wage, and you and your mom scratch together enough nickels out of the corner of the couch to go get your master's and then start your life. I don't like that alternative. This is The Ramsey Show.

This show is sponsored by BetterHelp. Hey, good folks. It's Deloney. And with back-to-school madness on deck, my family's schedule is already so packed. And we haven't even made room for things like exercise and date nights and counseling and all the other things that make our life even worth living.

Dr. John Deloney, Ramsey Personality is my co-host today. Come by and visit us anytime you'd like here at Ramsey. We're about 12 miles south of downtown Nashville, in a wonderful town called Franklin, Tennessee. And the lobby is open to the public.

Woo!

Paid for house! Love it! Way to go, you guys. Way to go. Excellent.

Why'd you decide to pay the house off?

Well, our story began in 2007, when I was traveling a lot for work, listening to the radio, hearing Ramsey. And then, 2010,, I got the book, and I'm like, we've got to read this book. I've been listening to this guy for years now. And Emily read the book, and then she's like, we've got to sell the car.

What sparked this in you, the last two years, to pay your house off?

We'd been on the plan, and we'd said we just need to focus, and focused intensity, and times. God equals momentum. And we just made it happen. I love it. Very cool.

What's it like going to work with your fellow nurses who are still paying back their school loans 25 years after taking them out? It's crazy.

Yeah. You got to get them to sell the car.

All right. So what's the biggest fight y'all got in over the last decade as y'all were navigating this?

So when we first started, we were always going out to eat. And then she's like, well, we can't go out to eat because there's no more money. I'm like, what do you mean? there's no more money? We have, you know, this was before we started the plan.

That's the most typical husband thing.

It really is. You guys are so fun. Way to go. I'm proud of you. Thank you.

Way to go. If you are sitting down at a table with a couple who's just turned 33 and 30 and they're starting to fight about dinners, or starting to fight about stress, or starting to fight about what soccer league little Timmy's going to play in, what would you tell them?

I would ask them if they think there's a problem. Because if they don't think there's a problem, then there's no problem. I think that's been a lot for us when we've been talking to people over the years.

And if they look at you and say, yeah, we're ready to change. Can you help? What would you tell them? What's the most important thing that they could do?

Get on a budget.

Yeah.

That's how it's done, ladies and gentlemen. That's how they do it in Tampa, Florida.

I'm going to put a note down. There's got to be a psychological construct, and maybe some of my fellow nerds can, right in the show, leave a comment. But there has to be some sort of psychological path that we feel like, the more complex it is, the more right it must be. Oh, yeah. And if it's just too easy, then it's just too easy.

Actually, I was working through the content for the Investing Essentials Seminar that George and I are doing tomorrow night and the next night. And one of the principles I'm going to tell folks is that in studying and hanging out with people with $5, $10, $20, $30 million net worths, the thing that has always kind of taken me aback is how primitive and simple their investing is.

It's so simple.

They have no desire to be complicated. And I think that's how they got all their money.

It's the same with people who are physically fit, who have great marriages. It's usually pretty simple.

Yeah, it's pretty simple, like be nice.

Be kind, exercise, eat less.

Yeah. It's hard. Yeah. This is the Ramsey Show.

Hi, Walt. Thanks. How are you?

Better than I deserve. What's up?

I am trying to figure out how to get out of a stuck situation I'm living. I went through a divorce, which was a really terrible relationship, and jumped into my mother's home for the time being, which has been way too long now. In the process, I came into her home with $50,000 in credit card debt and a car loan, which I've since paid off.

You paid off all the credit card debt and the car, both?

Yes.

Way to go. How long have you been there?

I have been here for six years.

Oh!

So, I paid that off and I went back to school all in that time and got a decent job and now make three times the amount that I was when I first started my job. Now I make $118,000..

Why are you still there?

Because this market here, I started looking in 2020 for homes. I've been outbid several times by like $40,000 at times.

How old are you?

45.

Okay. Why have you not gone and just rented something?

Yeah. The rental's around here for a three-bedroom. I have three kids and myself. For a three-bedroom, it's about $3,000 a month. So, at that point, I thought I was just throwing away money.

No, the secret to happiness is lower expectations. You're trying to move into a neighborhood in an area that your income does not allow you to do.

Understood.

You probably won't be able to catch that carrot. And I don't want you being 55 and living with your mother. I don't want your children graduating from high school living with their grandmother.

Yeah, and that's the other thing. I have nothing saved up for them to go to school.

But the point is that you have painted yourself a world where you have decided that you are trapped by housing prices and rental prices.

Okay.

And you're not.

With.

and I'm free. If I understood you right, you're debt-free, and you have how much saved?

It's close to $60,000.

And you make $118,000 a year, and you have three children. Mm-hmm. Did I understand all of that right? Yes. And you did all of that in six years, coming out of a broken, toxic, horrible marriage.

And you got a degree. You're freaking amazing.

Well done. Thank you. Well done. You've really accomplished a lot here. Thank you.

Probably, yeah. I've definitely looked at lowering some of my living to what I'm used to, but...

Yeah. The home that your mom is in now, did you grow up in that home?

No. Okay.

So the home you grew up in was not as nice as the home that you're currently staying in. No. And you're not damaged because of that.

Yeah. I mean, the health is okay. It's not, like, fantastic or anything like that.

Could you afford to buy it if it was on the market?

No.

Okay.

I think it's probably both, and. It's moved the carrot out and the housing market has gotten tough, especially.

in D.

And Dave, this is like a thing I want to be emphatic about.

The number of people that shared a bedroom with a sibling that ended up in counseling because of that alone is zero.

There's a lot of kids. I'm telling you right now. I just had this conversation this weekend in Utah with the Behavioral Services team. There's a lot of people in counseling because they have never shared a room. They've never had to negotiate anything other than whatever they want whenever they want it.

Because somebody said, oh, the axis of the world does not run through the top of your little head. Who knew?

I've talked to every residence hall director on planet earth that I've ever met and I've always asked them. Just privately. Shared rooms or single rooms? I've never had one say the right thing to do. Developmentally for a college kid is to share a room.

You mean there's not a skylight?

Everybody has to share a room. Can we get the sushi delivered to our dorm room? No! Yes, kids can share rooms. They're so resilient, especially when you have a mom like that.

You've given them a gift, Corey.

They can change schools. It's okay.

You've given them a gift by stepping out of a horrible situation and then standing knee deep in that manure and flourishing. It's amazing. Using that as fertilizer and have grown and grown, and grown and grown. I'm so proud of you. You're an amazing lady.

I'm okay. How are you?

Better than I deserve. What's up?

I listen to you on occasion and I hear a lot about how you encourage couples and spouses to combine their incomes, and that's one of the better ways to build wealth is when you have your spouse with you. You combined everything. I'm feeling very emotional and discouraged.

Are you afraid of the money? Are you afraid of growing old alone? Where does that fear rest?

I love the job I do, but I'm afraid I'm not going to have money for retirement.

Is that fear real? Have you looked at the math problem of it all?

I'm hoping you can tell me that I'm overreacting. I don't think I am, but I rent an apartment. It's about $1,700 a month. Before that, I was just renting rooms at Airbnbs.

What do you do for a living?

I'm in Human Resources.

Human Resources. Doing what?

Yes. Onboarding.

Okay. And you make $50,000 a year and you're 54 years old?

Yes. And you're single.

Have you ever been married?

Yes. I've been married, divorced for a decade.

Let me go back a step, though, in the way you came on the air, and I want to make sure. When we're talking with couples, we think it's imperative that couples combine their finances. We are not saying it is imperative to be married to build wealth. There are lots of very accomplished single ladies and gentlemen that build wealth on their own.

Okay.

Let's just take that off the table. We never said that.

Yeah. I am.

Like your heart was broken and there's not been a lot of healing in 10 years.

That's true.

Okay. Alright. Because I'm trying to find out. you're really sad about that. I understand that and I don't blame you.

No, that's true. I think I've come to that realization over the past couple years and I have been grieving that whole relationship.

Yeah, it'd be tough. Phoenix market is expensive. Unless you had a big down stroke, you're going to be driving from the outskirts to get a property cheap enough to do that on 50K. That's going to be tough.

Yes, sir. I looked even on the outskirts where I'd be driving an hour.

Oh, you can't drive north because it gets more expensive when you go north.

Right. Going south is better. Out of Phoenix, I mean.

Yeah, yeah. Don't head towards anything like a red rock. Stay away from those. They're very expensive.

What is it about Phoenix, where you feel like you're stuck?

Why do you have to stay there?

Actually, I would love to be in the south, but I have two children. They're actually going to be seniors in a week. They'll be finishing their junior year, so they'll have one more year of high school. I really don't want to do anything.

until they're out. They're going to be going away to college and you're going to be.

by yourself. You're going to be all by yourself.

Yeah, and they're going to go somewhere.

Hold on, hold on, hold on. You're about to get left again.

Yes.

Your body has a GPS pin and the time it got left last time and it's sounding every alarm you got.

My son said he will go wherever I want to go, as long as he can get a job.

Because that son learned that his job is to make sure mom is okay, because nobody else was, and that's not his job.

Right.

And, hey, mom, you're allowed to be sad. My son's about to graduate and I laugh as I use that word. He's about to be done with eighth grade, and if I think about it for 30 seconds, I'll get all choked up.

Right. Right?

You're not crazy. You're not broken. There's nothing wrong with you.

Hey, we're going to do two things, okay? One is, I'm going to put you into Financial Peace University so you can get your handle around the math, and two is, I'm going to send you a copy of John's book, Building a Non-Anxious Life, because there's several of the points in that book that are exactly where you're sitting, and it's going to be very helpful to you. You will read it in two days when you get it, I promise you. If you don't, you're messing up and I'm going to give it all to you as our gift. You're going to be okay, Penny.

You're a good mom.

This is the Ramsey Show.

The only way to healing is through the pain. I have a friend who just had the heartbreaking misfortune of losing a child, and I'll remember a line he told me at the memorial service forever. He said, most people spend their entire life doing everything they can to go around and avoid pain. And he looked at me and said, I didn't get that choice. And so, him and his wife held hands and walked directly through it.

way. And sometimes it's math is an odd way. If I save $100 a month, at this age, I'm going to have X.

And X is okay. And sometimes it's 10 years out. I remember having my heart stop and when I did the math and was like, it's 10 years, I'm going to be okay at this current dollar amount, at this current saving rate. That's a scary thing, but that's the path. Let's go.

Game on. That's right. Game on. The old country song, if you're going through hell,

keep on going. Keep on going. That's it.

Keep on going. Today's question comes from Isaac in Minnesota.

Alright, Isaac writes, How do we promote the baby steps to the friends and family when it feels like we cheated the process? A small inheritance propelled us into baby steps 4, 5, and 6, and it feels like we got to get out of jail free card. We've been hustling in baby step 2 for 2 years, with our only consumer debt being credit cards. We paid off $10k while cash flowing our first baby and some car repairs. We budget every month, live below our means, and buy things at the speed of cash, but it feels like we cheated.

The thing is this, you only have one story. It's your story. That's it. And really nobody can take that away from you.

And this isn't like a catastrophe Olympics that whoever has the worst situation wins. The goal is that people become free, and y'all got free. That's the story.

Do you have to go through bankruptcy in order to learn the lessons that I learned going through bankruptcy? No. Do you have to go through drug rehab to figure out heroin's bad for you? No. Maybe the testimony is you were doing smart stuff and God blessed it.

And somebody in your family did something smart because they could leave you an inheritance. One of y'all comes from somebody who was a saver.

I don't think Rachel has a bad financial testimony and she's never been in debt.

So this is a cultural virus, Dave. And here's what it is. We are not allowed to celebrate. If you celebrate, if something good happens, then you're a jerk. You have some sort of privilege that nobody else has.

He's so real.

Everybody thinks you're so authentic and real. And we have to have a space. Whenever I tell people about making friends, you gotta have people, you tell the hard stuff to, but you gotta have people you just call and celebrate with.

I hadn't thought about that, but one of the things. that's very interesting, I have a group of guys that I get with once a month. And they're all.

Because they're not allowed to anywhere else.

They're not allowed to anywhere else. I never thought about that. Because we treasure that time, all of us guys do, because I can't even get up and go, hey, the only time I can do something is a humble brag for marketing purposes, right? Around here.

We just got done with Entree, and it was super successful. There's nobody that you, Dave, can go, hey, can I just high-five you? I knocked this one out of the park. It went great.

Our team just killed this. It's like the best leadership event in the world right now.

But who do you tell that to, right? You can't say anything. I'll tell you one of the greatest moments of friendship of my life. It's easily in the top five. When my first book went number one, I had a buddy that I called.

Or vice versa.

He was super happy for me. And I could be happy and sit in a crap with him. That's what friends do.

That's so healthy.

So if you've got a group of friends and family, they should cheer you. They know that you want to get out of debt, and that you've got a small inheritance. That should be the greatest moment that they're all celebrating with you.

If you call the show, and you tell me what you just told me right here, I'm going to cheer for you.

You're going to be heartbroken that you lost somebody, and we're going to cheer for you.

100% of the time, yay. And how do you honor the person that left you the inheritance? By doing something smart with it, which is what you did. And so, did you cheat, to use your words? No.

Stop apologizing.

You did not lie. You didn't cheat. I mean, you got a blessing.

Pretty sure they got that.

You think they already knew that?

No one has ever been at home and been like, man, that guy's real cool.

He's covered. GQ coming up. I'm just saying. Never happening. Dads are us.

If you are out of Xanax or Ambien, go ahead and buy this. But the nerds,

they'll be caffeinated up. They'll be leaning in. Little pencil marks on their hands. They're going to love it.

For those of you on the fence, I walked into a planning meeting the other day because I was the next meeting with one of our content strategists, and

Oh, wow. It worked. But you're a nerd. I'm a nerd.

I'm not a math nerd. You're a psychological nerd. Right. I like to put this into the statistics programs and let that nerd it out for me. But I already walked away with something just because I walked into the meeting early.

It's fun. Ramseysolutions.com slash events. Dave Ramsey's Essentials. Investing Essentials. Stuff we've never done before on real estate and investing.

Hello. How are you? Better than?

I deserve. How can I help?

Good. I just have a couple questions. So I'm currently working. I have one child with my husband. We're currently pregnant with our second, and we're just really trying to figure out how to best set our family up for success.

to have.

me quit my job and become a stay-at-home mom come July, and so we have no debt. All of our cars are paid off, so the only debt that we do have is our house, which we could sell for $400,000.. We currently owe $190,000 on it, and so my question really to you and just seeing what's smart in the future, is we want to be able to have this house for an investment. Do we put everything we can towards it for the next three to four years, pay it off, or we're wanting to move closer to family about an hour south, do we sell it and use that amount that we could get about $200,000 on to a house that we're wanting to actually grow into and be closer to family?

Okay, so if you sell the house after the baby comes, we don't move anybody when they're pregnant. I'm smarter than that, but once the baby comes, if you put the house on the market and sold it and moved south, now, you have a husband who makes $200,000, you're debt-free except the house. Are you moving up in house?

We would. Currently our house...

So you would go from $200,000 in debt now on the house to how much debt in the move?

I would probably say that our house that we would look at down south would be roughly $500,000.

And you're $400,000 now.

That's correct.

So you would have a $300,000.

Do you think you'd be smarter to pay it off in three to four years? or make the move and...

I'd make the move.

Yeah, I think you're trying to do too much.

You're not going to keep the house you're in now. It doesn't matter. You're not going to be able to do that. You're not going to have the money to do that. I'm not going to tell you to keep a rental house that's paid for and then go borrow on your personal residence because you kept a rental house.

Gotcha. Okay. And even if we tried to save as much as we could, why we're actually paying it?

off? You still won't have the money to pay cash for another house and then you'd be effectively borrowing on your home to buy a rental. And we'd never do that. We'd never do that. If you had a paid-for house, you're not going to borrow on it with two little kids running around and put that house at risk to go buy a rental.

And you don't want to be landlords an hour away anyway.

That's a long hard drive. Yeah. That's landlord by default, not by plan. You fell backward into it instead of sitting there, going proactively, leaning towards it. And so that's what I mean.

Dave and John. Pleasure to be speaking with you guys today. Really excited.

You too. How can we help?

So, for a little bit of context for you guys, my fiance and I are getting married on June 8th.

Yay!

Thank you. We are moving on June 1st for our apartment.

What's your income?

So we both work in sales and last year we did $106,000.

Combined? Yep. And do you have any money saved to buy a car with?

For a car, nothing saved specifically, but we can get our hands on $14,000 between our QBank account, a general savings account, we have.

Sell the piece of junk that the engine blew in. Get what you can out of it. Put $5,000 together and go, get you a little something to limp along in for your first six or eight months of marriage. And then save up and move up in car. You got $5,000, but do you need to go get a $30,000 car?

Thank you. Thanks for having me. I got a question for you. I currently have three jobs and spend more than 12 hours a day working. And I save and invest about half of my income.

negatively. How much do you have in savings in your investments?

Yeah, so I've been doing this. I've been having three jobs for about five years now. Going into six years.

So you put a half million dollars away.

Yeah, exactly. So. with that money I've bought four homes. One primary residence and three single family homes. And I'm renting it all.

out right now. Okay, and what are the three single family homes worth?

Roughly, on average, about $600,000.

the three rental properties are worth $1.